Annual report [Section 13 and 15(d), not S-K Item 405]

Segment information (Tables)

v3.26.1
Segment information (Tables) - Continuing Operations [Member]
12 Months Ended
Dec. 31, 2025
Schedule of segment information

Segment information for our current operating segments is as follows:

 

    Energy Segment    

Historic

Segment

   

Corporate, Other, and

Eliminations

    Consolidated  
2025                                
Net revenue   $ 166,811     $ -     $ -     $ 166,811  
Operating loss    

166,811

      (982 )     (792,462 )     (626,633 )
Interest and dividend income     41,819       -       4       41,823  
Interest expense     -       -       -       -  
Severance and ad valorem taxes     13,050       -       -       13,050  
Property additions, net     -       -       5,992       5,992  
Fixed asset depreciation and amortization     -       -       763       763  
Other asset additions     1,369,899       -       -       1,369,899  
Other asset amortization     103,251       -       -       103,251  
Total assets     1,400,605       1,327       1,457,911       2,859,843  
                                 
2024                                
Net revenue   $ -     $ -     $ -     $ -  
Operating loss     -       (990 )     (779,222 )     (780,212 )
Interest and dividend income     20,289       -       150,966       171,255  
Interest expense     -       -       -       -  
Severance and ad valorem taxes     -       -       -       -  
Property additions     -       -       -       -  
Other asset additions     -       -       -       -  
Fixed asset depreciation and amortization     -       -       1,073       1,073  
Other asset amortization     -       -       -       -  
Total assets     618,038       1,744       2,794,780       3,414,562  
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 years ended December 31, 2025 and 2024, as presented in the consolidated income statements:

 

    2025     2024  
Operating loss   $ (626,633 )   $ (780,212 )
Gain (loss) on investment in account receivable     -       (250,208 )
Realized gain (loss) on investment in securities     (179,775 )     41,376  
Unrealized gain (loss) on investment in securities     194,882       (6,387 )
Interest and dividend income     41,823       171,255  
Interest expense     -       -  
Other income (expense)     26       -  
Income before income taxes   $ (569,677 )   $ (824,176 )