Quarterly report [Sections 13 or 15(d)]

CONDENSED STATEMENT OF STOCKHOLDERS??? EQUITY

v3.25.2
CONDENSED STATEMENT OF STOCKHOLDERS’ EQUITY - USD ($)
Total
Common Stock
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Beginning balance (in shares) at Dec. 31, 2023   196,837,001    
Beginning balance at Dec. 31, 2023 $ 786,582,900 $ 196,837 $ 795,834,675 $ (9,448,612)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Restricted stock vested (in shares)   1,342,112    
Restricted stock vested 0 $ 1,342 (1,342)  
Shares to cover tax withholdings for restricted stock vested (in shares)   (244,911)    
Shares to cover tax withholdings for restricted stock vested 0 $ (245) 245  
Payments to cover tax withholdings for restricted stock vested, net (814,985)   (814,985)  
Share-based compensation 1,723,832   1,723,832  
Net income 5,515,377     5,515,377
Ending balance (in shares) at Mar. 31, 2024   197,934,202    
Ending balance at Mar. 31, 2024 793,007,124 $ 197,934 796,742,425 (3,933,235)
Beginning balance (in shares) at Dec. 31, 2023   196,837,001    
Beginning balance at Dec. 31, 2023 786,582,900 $ 196,837 795,834,675 (9,448,612)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income 27,934,371      
Ending balance (in shares) at Jun. 30, 2024   198,166,297    
Ending balance at Jun. 30, 2024 817,416,905 $ 198,166 798,732,980 18,485,759
Beginning balance (in shares) at Mar. 31, 2024   197,934,202    
Beginning balance at Mar. 31, 2024 793,007,124 $ 197,934 796,742,425 (3,933,235)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Restricted stock vested (in shares)   303,797    
Restricted stock vested 0 $ 304 (304)  
Shares to cover tax withholdings for restricted stock vested (in shares)   (71,702)    
Shares to cover tax withholdings for restricted stock vested 0 $ (72) 72  
Payments to cover tax withholdings for restricted stock vested, net (86,991)   (86,991)  
Share-based compensation 2,077,778   2,077,778  
Net income 22,418,994     22,418,994
Ending balance (in shares) at Jun. 30, 2024   198,166,297    
Ending balance at Jun. 30, 2024 817,416,905 $ 198,166 798,732,980 18,485,759
Beginning balance (in shares) at Dec. 31, 2024   198,561,378    
Beginning balance at Dec. 31, 2024 858,639,982 $ 198,561 800,419,719 58,021,702
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Restricted stock vested (in shares)   1,983,465    
Restricted stock vested 0 $ 1,983 (1,983)  
Shares to cover tax withholdings for restricted stock vested (in shares)   (488,596)    
Shares to cover tax withholdings for restricted stock vested 0 $ (488) 488  
Payments to cover tax withholdings for restricted stock vested, net (896,431)   (896,431)  
Common stock issuance for Lime Rock Acquisition (in shares)   6,452,879    
Common stock issuance for Lime Rock Acquisition 7,420,811 $ 6,453 7,414,358  
Share-based compensation 1,690,958   1,690,958  
Net income 9,110,738     9,110,738
Ending balance (in shares) at Mar. 31, 2025   206,509,126    
Ending balance at Mar. 31, 2025 875,966,058 $ 206,509 808,627,109 67,132,440
Beginning balance (in shares) at Dec. 31, 2024   198,561,378    
Beginning balance at Dec. 31, 2024 858,639,982 $ 198,561 800,419,719 58,021,702
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income 29,745,625      
Ending balance (in shares) at Jun. 30, 2025   206,542,615    
Ending balance at Jun. 30, 2025 897,895,769 $ 206,542 809,921,900 87,767,327
Beginning balance (in shares) at Mar. 31, 2025   206,509,126    
Beginning balance at Mar. 31, 2025 875,966,058 $ 206,509 808,627,109 67,132,440
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Restricted stock vested (in shares)   41,834    
Restricted stock vested 0 $ 42 (42)  
Shares to cover tax withholdings for restricted stock vested (in shares)   (8,345)    
Shares to cover tax withholdings for restricted stock vested 0 $ (9) 9  
Payments to cover tax withholdings for restricted stock vested, net (57,015)   (57,015)  
Share-based compensation 1,351,839   1,351,839  
Net income 20,634,887     20,634,887
Ending balance (in shares) at Jun. 30, 2025   206,542,615    
Ending balance at Jun. 30, 2025 $ 897,895,769 $ 206,542 $ 809,921,900 $ 87,767,327