Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.24.1.1.u2
Segment Information (Tables) - Continuing Operations [Member]
3 Months Ended
Mar. 31, 2024
Schedule of segment information

 

    Energy Segment     Historic Segment     Corporate and Eliminations     Consolidated  
Three months ended March 31, 2024                                
Net revenue   $ -     $ -     $ -     $ -  
Operating income (loss)     -       (188 )     (271,075 )     (271,263 )
Interest income     5,574       -       41,525       47,099  
Interest expense     -       -       -       -  
Property additions     -       -       -       -  
Depreciation and amortization     -       -       269       269  
Total assets     678,850       2,284       3,625,225       4,306,359  
                                 
Three months ended March 31, 2023                                
Net revenue   $ -     $ -     $ -     $ -  
Operating income (loss)     -       (706 )     (170,735 )     (171,441 )
Interest income     -       -       6,659       6,659  
Interest expense     -       -       2,796       2,796  
Property additions     -       -       -       -  
Depreciation and amortization     -       -       238       238  
Total assets     -       812       1,607,618       1,608,430  
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, 2024 and 2023, as presented in the unaudited condensed consolidated income statements:

 

    2024     2023  
    Three Months Ended
March 31,
 
    2024     2023  
Operating loss   $ (271,263 )   $ (171,441 )
Unrealized gain (loss) on investments     31,487       -  
Interest income     47,099       6,659  
Interest expense     -       (2,796 )
Other income              
                 
Income before income taxes   $ (192,677 )   $ (167,578 )