Annual report [Section 13 and 15(d), not S-K Item 405]

STATEMENTS OF STOCKHOLDERS' EQUITY

v3.25.4
STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
Total
Common Stock
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Beginning balance (in shares) at Dec. 31, 2022   175,530,212    
Beginning balance at Dec. 31, 2022 $ 661,103,391 $ 175,530 $ 775,241,114 $ (114,313,253)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Exercise of common warrants issued in offering (in shares)   4,517,427    
Exercise of common warrants issued in offering 3,613,941 $ 4,517 3,609,424  
Induced exercise of common warrants issued in offering (in shares)   14,512,166    
Induced exercise of common warrants issued in offering 8,687,655 $ 14,512 8,673,143  
Restricted stock vested (in shares)   1,680,232    
Restricted stock vested 0 $ 1,680 (1,680)  
Shares to cover tax withholdings for restricted stock vested (in shares)   (288,152)    
Shares to cover tax withholdings for restricted stock vested 0 $ (287) 287  
Payments to cover tax withholdings for restricted stock vested, net (520,153)   (520,153)  
Performance stock vested (in shares)   1,170,024    
Performance stock vested 0 $ 1,170 (1,170)  
Shares to cover tax withholdings for performance stock vested (in shares)   (284,908)    
Shares to cover tax withholdings for performance stock vested 0 $ 285 (285)  
Share-based compensation 8,833,425   8,833,425  
Net income (loss) 104,864,641     104,864,641
Ending balance (in shares) at Dec. 31, 2023   196,837,001    
Ending 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)   1,688,317    
Restricted stock vested 0 $ 1,688 (1,688)  
Shares to cover tax withholdings for restricted stock vested (in shares)   (327,041)    
Shares to cover tax withholdings for restricted stock vested 0 $ (327) 327  
Payments to cover tax withholdings for restricted stock vested, net (919,249)   (919,249)  
Performance stock vested (in shares)   571,324    
Performance stock vested 0 $ 571 (571)  
Shares to cover tax withholdings for performance stock vested (in shares)   (208,223)    
Shares to cover tax withholdings for performance stock vested 0 $ (208) 208  
Share-based compensation 5,506,017   5,506,017  
Net income (loss) 67,470,314     67,470,314
Ending balance (in shares) at Dec. 31, 2024   198,561,378    
Ending 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)   2,402,692    
Restricted stock vested 0 $ 2,403 (2,403)  
Shares to cover tax withholdings for restricted stock vested (in shares)   (588,840)    
Shares to cover tax withholdings for restricted stock vested 0 $ (589) 589  
Payments to cover tax withholdings for restricted stock vested, net (1,189,805)   (1,189,805)  
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  
Performance stock vested (in shares)   1,230,565    
Performance stock vested 0 $ 1,231 (1,231)  
Shares to cover tax withholdings for performance stock vested (in shares)   (401,745)    
Shares to cover tax withholdings for performance stock vested 0 $ (402) 402  
Share-based compensation 6,135,957   6,135,957  
Net income (loss) (34,731,199)     (34,731,199)
Ending balance (in shares) at Dec. 31, 2025   207,656,929    
Ending balance at Dec. 31, 2025 $ 836,275,746 $ 207,657 $ 812,777,586 $ 23,290,503