Quarterly report [Sections 13 or 15(d)]

Segment Information (Tables)

v3.26.1
Segment Information (Tables) - Continuing Operations [Member]
 6 Months Ended
Jun. 30, 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 June 30, 2026                                
Net revenue   $ 65,595     $ -     $ -     $ 65,595  
Operating income (loss)     65,595       (160 )     (197,279 )     (131,844 )
Interest and dividend income     59       -       2       61  
Interest expense     -       -       -       -  
Severance and ad valorem taxes     3,264       -       -       3,264  
Property additions     -       -       4,112       4,112  
Fixed asset depreciation and amortization     -       -       1,456       1,456  
Other asset additions     -       -       -       -  
Other asset amortization     34,247       -       -       34,247  
                                 
Three months ended June 30, 2025                                
Net revenue   $ 75,000     $ -     $ -     $ 75,000  
Operating income (loss)     75,000       (442 )     (201,291 )     (126,733 )
Interest and dividend income     7,392       -       1       7,393  
Interest expense     -       -       -       -  
Severance and ad valorem taxes     -       -       -       -  
Property additions     -       -       -       -  
Fixed asset depreciation and amortization     -       -       85       85  
Other asset additions     -       -       -       -  
Other asset amortization     34,247       -       -       34,247  
                                 
Six months ended June 30, 2026                                
Net revenue   $ 108,363     $ -     $ -     $ 108,363  
Operating income (loss)     108,363       (649 )     (499,939 )     (392,225 )
Interest and dividend income     190       -       3       193  
Interest expense     -       -       -       -  
Severance and ad valorem taxes     10,098       -       -       10,098  
Property additions     -       -       4,112       4,112  
Fixed asset depreciation and amortization     -       -       2,303       2,303  
Other asset additions     -       -       -       -  
Other asset amortization     68,495       -       -       68,495  
Total assets     1,237,033       405       1,279,001       2,516,439  
                                 
Six months ended June 30, 2025                                
Net revenue   $ 77,000     $ -     $ -     $ 77,000  
Operating income (loss)     77,000       (622 )     (397,086 )     (320,708 )
Interest and dividend income     37,041       -       3       37,044  
Interest expense     -       -       -       -  
Severance and ad valorem taxes     -       -       -       -  
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       1,456,801       2,966,998  
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, 2026 and 2025, as presented in the unaudited condensed consolidated income statements:

 

    2026     2025     2026     2025  
    Three Months Ended
June 30,		     Six Months Ended
June 30,		  
    2026     2025     2026     2025  
Operating income (loss)   $ (131,844 )   $ (126,733 )   $ (392,225 )     (320,708 )
Realized gain (loss) on investment in securities     -       (194,693 )     18,740       (185,147 )
Unrealized gain (loss) on investment in securities     (120,549 )     80,331       (68,143 )     27,794  
Realized gain (loss) on investment in gold     49,886       -       49,886       -  
Realized gain (loss) on investment in futures     116       -       116       -  
Interest and dividend income     61       7,393       193       37,044  
Other income     -       -       20,413       -  
                                 
Income (loss) before income taxes   $ (202,330 )   $ (233,702 )   $ (371,020 )     (441,017 )