Quarterly report [Sections 13 or 15(d)]

Interest in oil and gas royalties (Tables)

v3.26.3
Interest in oil and gas royalties (Tables)
9 Months Ended
Sep. 30, 2026
Extractive Industries [Abstract]  
Schedule of activity related to royalty interests

The following table summarizes activity related to the royalty interests at September 30, 2026 and December 31, 2025:

  

    September 30,
2026
    December 31,
2025
 
Beginning balance (1)   $ 1,266,648     $ 1,369,899  
Additions     -       -  
Amortization     (102,742 )     (103,251 )
Impairment     -       -  
Ending balance   $ 1,163,906     $ 1,266,648  

 

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