Quarterly report [Sections 13 or 15(d)]

Interest in oil and gas royalties (Tables)

v3.25.3
Interest in oil and gas royalties (Tables)
9 Months Ended
Sep. 30, 2025
Extractive Industries [Abstract]  
Schedule of activity related to royalty interests

The following table summarizes activity related to the royalty interests at September 30, 2025 and December 31, 2024:

  

    September 30,
2025
    December 31,
2024
 
Beginning balance(1)   $ 1,369,899     $ -  
Additions     -                 -  
Amortization     (69,003 )     -  
Impairment     -       -  
Ending balance   $ 1,300,896     $ -  

 

(1) The beginning balance reflects the Company’s total royalty interest acquisitions as of September 30, 2025. A total of $1,369,899 royalty interests had been acquired as of March 31, 2025.