Quarterly report [Sections 13 or 15(d)]

Segment Information (Tables)

v3.25.2
Segment Information (Tables) - Continuing Operations [Member]
 6 Months Ended
Jun. 30, 2025
Schedule of segment information

Segment information for our current operating segments is as follows:

 

   

Energy

Segment

     Historic Segment     Corporate and Eliminations     Consolidated  
Three months ended June 30, 2025                                
Net revenue   $ 75,000     $ -     $ -     $ 75,000  
Operating income (loss)     -       (442 )     (126,290 )     (126,732 )
Interest and dividend income     7,392       -       1       7,393  
Interest expense     -       -       -       -  
Property additions     -       -       -       -  
Fixed asset depreciation and amortization     -       -       85       85  
Other asset additions     -       -       -       -  
Other asset amortization     34,247       -       -       34,247  
                                 
Three months ended June 30, 2024                                
Net revenue   $ -     $ -     $ -     $ -  
Operating income (loss)     -       (442 )     (211,585 )     (212,027 )
Interest and dividend income     5,981       -       43,428       49,409  
Interest expense     -       -       -       -  
Property additions     -       -       -       -  
Fixed asset depreciation and amortization     -       -       269       269  
Other asset additions     -       -       -       -  
Other asset amortization     -       -       -       -  
                                 
Six months ended June 30, 2025                                
Net revenue   $ 77,000     $ -     $ -     $ 77,000  
Operating income (loss)     -       (622 )     (320,086 )     (320,708 )
Interest and dividend income     37,041       -       3       37,044  
Interest expense     -       -       -       -  
Property additions     -       -       -       -  
Fixed asset depreciation and amortization     -       -       170       170  
Other asset additions     1,369,889       -       -       1,369,889  
Other asset amortization     34,756       -       -       34,756  
Total assets     1,508,510       1,687       1,480,841       2,991,038  
                                 
Six months ended June 30, 2024                                
Net revenue   $ -     $ -     $ -     $ -  
Operating income (loss)     -       (630 )     (482,660 )     (483,290 )
Interest and dividend income     11,555       -       84,954       96,509  
Interest expense     -       -       -       -  
Property additions     -       -       -       -  
Fixed asset depreciation and amortization     -       -       538       538  
Other asset additions     -       -       -       -  
Other asset amortization     -       -       -       -  
Total assets     670,000       2,104       3,041,850       3,713,954  
Schedule of reconciliation of revenue from segments to consolidated

The following table reconciles operating segments and corporate-unallocated operating income (loss) to consolidated income before income taxes for the three and six months ended June 30, 2025 and 2024, as presented in the unaudited condensed consolidated income statements:

 

    2025     2024     2025     2024  
    Three Months Ended
June 30,		     Six Months Ended
June 30,		  
    2025     2024     2025     2024  
Operating income (loss)   $ (126,732 )   $ (212,027 )   $ (320,708 )     (483,290 )
Gain (loss) on investments     -       (250,208 )     -       (250,208 )
Realized gain (loss) on investment in securities     (194,693 )     -       (185,147 )     -  
Unrealized gain (loss) on investment in securities     80,331       (8,850 )     27,794       22,637  
Unrealized gain (loss) on investment in gold     16,996       -       24,040       -  
Interest and dividend income     7,393       49,409       37,044       96,509  
Interest expense     -       -       -       -  
Other income     -       -       -       -  
                                 
Income (loss) before income taxes   $ (216,705 )   $ (421,676 )   $ (416,977 )     (614,352 )