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

INCOME TAXES - Schedule of Net Deferred Taxes (Details)

v3.25.4
INCOME TAXES - Schedule of Net Deferred Taxes (Details) - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Deferred Tax Assets    
Net operating loss (NOL) carryforward $ 72,880,353 $ 68,516,720
Share-based compensation 910,213 1,097,273
Asset retirement obligation 6,627,813 5,755,174
§163(j) business interest expense carryforward 19,675,692 18,838,600
Other 1,488,392 1,672,268
Gross Deferred Tax Assets 101,582,463 95,880,035
Less: valuation allowance 0 0
Net Deferred Tax Assets 101,582,463 95,880,035
Deferred Tax Liabilities    
Property and equipment (115,663,637) (123,318,803)
Fair value of derivative instruments (6,107,910) (392,761)
Other (575,035) (760,273)
Net Deferred Tax Liabilities (122,346,582) (124,471,837)
Net Deferred Tax Liability $ (20,764,119) $ (28,591,802)