Quarterly report [Sections 13 or 15(d)]

Segment Information (Tables)

v3.26.1
Segment Information (Tables) - Continuing Operations [Member]
 3 Months Ended
Mar. 31, 2026
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 March 31, 2026                                
Net revenue   $ 42,767     $ -     $ -     $ 42,767  
Operating income (loss)     42,767       (489 )     (302,660 )     (260,382 )
Interest and dividend income     131       -       1       132  
Interest expense     -       -       -       -  
Severance and ad valorem taxes     6,835       -       -       6,835  
Property additions     -       -       -       -  
Fixed asset depreciation and amortization     -       -       848       848  
Other asset additions     -       -       -       -  
Other asset amortization     34,247       -       -       34,247  
Total assets     1,257,537       1,419       1,516,421       2,775,377  
                                 
Three months ended March 31, 2025                                
Net revenue   $ 2,000     $ -     $ -     $ 2,000  
Operating income (loss)     2,000       (180 )     (195,795 )     (193,975 )
Interest and dividend income     29,650       -       2       29,651  
Interest expense     -       -       -       -  
Severance and ad valorem taxes     -       -       -       -  
Property additions     -       -       -       -  
Fixed asset depreciation and amortization     -       -       85       85  
Other asset additions     1,369,899       -       -       1,369,899  
Other asset amortization     508       -       -       508  
Total assets     2,356,252       1,564       887,689       3,254,505  
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 months ended March 31, 2026 and 2025, as presented in the unaudited condensed consolidated income statements:

 

         
    Three Months Ended
March 31,		  
    2026     2025  
Operating loss   $ (260,382 )   $ (193,975 )
Realized gain (loss) on investment in securities     18,740       9,547  
Unrealized gain (loss) on investment in securities     52,406       (52,538 )
Interest and dividend income     132       29,651  
Interest expense     -       -  
Other income     20,414       -  
Income before income taxes   $ (168,690 )   $ (207,315 )