Quarterly report [Sections 13 or 15(d)]

Segment Information (Tables)

v3.26.3
Segment Information (Tables) - Continuing Operations [Member]
 9 Months Ended
Sep. 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 September 30, 2026                                
Net revenue   $ 55,480     $ -     $ -     $ 55,480  
Operating income (loss)     55,480       -       (209,167 )     (153,687 )
Interest and dividend income     77       -       3,665       3,742  
Interest expense     -       -       -       -  
Severance and ad valorem taxes     2,776       -       -       2,776  
Property additions     -       -       -       -  
Fixed asset depreciation and amortization     -       -       1,627       1,627  
Other asset additions     -       -       -       -  
Other asset amortization     34,247       -       -       34,247  
                                 
Three months ended September 30, 2025                                
Net revenue   $ 40,430     $ -     $ -     $ 40,430  
Operating income (loss)     40,430       (180 )     (200,934 )     (160,684 )
Interest and dividend income     3,897       -       -       3,897  
Interest expense     -       -       -       -  
Severance and ad valorem taxes     6,064       -       -       6,064  
Property additions     -       -       8,456       8,456  
Fixed asset depreciation and amortization     -       -       85       85  
Other asset additions     -       -       -       -  
Other asset amortization     34,247       -       -       34,247  
                                 
Nine months ended September 30, 2026                                
Net revenue   $ 163,843     $ -     $ -     $ 163,843  
Operating income (loss)     163,843       (649 )     (709,105 )     (545,911 )
Interest and dividend income     267       -       3,668       3,935  
Interest expense     -       -       -       -  
Severance and ad valorem taxes     12,874       -       -       12,874  
Property additions     -       -       4,112       4,112  
Fixed asset depreciation and amortization     -       -       3,930       3,930  
Other asset additions     -       -       -       -  
Other asset amortization     102,742       -       -       102,742  
Total assets     1,197,381       405       1,393,212       2,590,998  
                                 
Nine months ended September 30, 2025                                
Net revenue   $ 117,430     $ -     $ -     $ 117,430  
Operating income (loss)     117,430       (802 )     (598,019 )     (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     1,369,889       -       -       1,369,889  
Other asset amortization     69,003       -       -       69,003  
Total assets     1,444,159       1,507       1,477,513       2,923,179  
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, 2026 and 2025, as presented in the unaudited condensed consolidated income statements:

  

    2026     2025     2026     2025  
    Three Months Ended
September 30,		     Nine Months Ended
September 30,		  
    2026     2025     2026     2025  
Operating income (loss)   $ (153,687)     $ (160,684) )   $ (545,911 )     (481,391 )
Gain (loss) on investment in account receivable     175,361       -       175,361       -  
Realized gain (loss) on investment in securities     24,304       -       43,044       (185,147)  
Unrealized gain (loss) on investment in securities     (1,112)       87,520       (69,255)       115,314  
Realized gain (loss) on investment in gold     -       -       49,886       -  
Realized gain (loss) on investment in futures     -       -       116       -  
Interest and dividend income     3,742       3,897       3,935       40,940  
Other income     5       -       20,418       -  
                                 
Income (loss) before income taxes   $ 48,613     $ (69,267 )   $ (322,406 )     (510,284 )