Quarterly report [Sections 13 or 15(d)]

Segment Information (Tables)

v3.25.3
Segment Information (Tables) - Continuing Operations [Member]
 9 Months Ended
Sep. 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 September 30, 2025                                
Net revenue   $ 40,430     $ -     $ -     $ 40,430  
Operating income (loss)     -       (180 )     (160,504 )     (160,684 )
Interest and dividend income     3,895       -       1       3,896  
Interest expense     -       -       -       -  
Severance and ad valorem taxes     6,064       -       -       6,064  
Property additions     -       -       8,465       8,465  
Fixed asset depreciation and amortization     -       -       85       85  
Other asset additions     -       -       -       -  
Other asset amortization     34,247       -       -       34,247  
                                 
Three months ended September 30, 2024                                
Net revenue   $ -     $ -     $ -     $ -  
Operating income (loss)     -       (180 )     (154,099 )     (154,279 )
Interest and dividend income     4,458       -       35,169       39,627  
Interest expense     -       -       -       -  
Severance and ad valorem taxes     -       -       -       -  
Property additions     -       -       -       -  
Fixed asset depreciation and amortization     -       -       269       269  
Other asset additions     -       -       -       -  
Other asset amortization     -       -       -       -  
                                 
Nine months ended September 30, 2025                                
Net revenue   $ 117,430     $ -     $ -     $ 117,430  
Operating income (loss)     -       (802 )     (480,589 )     (481,391 )
Interest and dividend income     40,936       -       4       40,940  
Interest expense     -       -       -       -  
Severance and ad valorem taxes     6,064       -       -       6,064  
Property additions     -       -       8,465       8,465  
Fixed asset depreciation and amortization     -       -       255       255  
Other asset additions     1,369,899       -       -       1,369,899  
Other asset amortization     69,003       -       -       69,003  
Total assets     1,444,159       1,507       1,573,494       3,019,160  
                                 
Nine months ended September 30, 2024                                
Net revenue   $ -     $ -     $ -     $ -  
Operating income (loss)     -       (810 )     (636,761 )     (637,571 )
Interest and dividend income     16,013       -       120,123       136,136  
Interest expense     -       -       -       -  
Severance and ad valorem taxes     -       -       -       -  
Property additions     -       -       -       -  
Fixed asset depreciation and amortization     -       -       807       807  
Other asset additions     -       -       -       -  
Other asset amortization     -       -       -       -  
Total assets     627,438       1,924       2,858,425       3,487,787  
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 nine months ended September 30, 2025 and 2024, as presented in the unaudited condensed consolidated income statements:

 

    2025     2024     2025     2024  
    Three Months Ended
September 30,		     Nine Months Ended
September 30,		  
    2025     2024     2025     2024  
Operating income (loss)   $ (160,684 )   $ (154,279 )   $ (481,391 )   $ (637,571 )
Loss on long-term investments     -       -       -       (250,208 )
Realized gain (loss) on investment in securities     -       -       (185,147 )     -  
Unrealized gain (loss) on investment in securities     87,520       (42,563 )     115,314       (19,925 )
Unrealized gain (loss) on investment in gold     71,943       -       95,982       -  
Interest and dividend income     3,896       39,627       40,940       136,136  
Interest expense     -       -       -       -  
Other income     -       -       -       -  
                                 
Income (loss) before income taxes   $ 2,675     $ (157,215 )   $ (414,302 )   $ (771,568 )