Truleum (TRLM) 10-K 4 Apr 24 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Apr. 04, 2024	Jun. 30, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	333-197642
Entity Registrant Name	TRULEUM, INC.
Entity Incorporation, State or Country Code	CO
Entity Tax Identification Number	90-1020566
Entity Address, Address Line One	14143 Denver West Parkway, Suite 100
Entity Address, City or Town	Golden
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80401
City Area Code	800
Local Phone Number	819-0604
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	Yes
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 24,211,344
Entity Common Stock, Shares Outstanding (in shares)		21,788,178
Auditor Name	BF Borgers CPA PC
Auditor Firm ID	5041
Auditor Location	Lakewood, CO
Entity Central Index Key	0000855787
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 5,218	$ 95,362
Joint interest billing receivable	21,284	31,492
Prepaid assets and other current assets	89,320	81,690
Total current assets	115,822	208,544
Noncurrent assets:
Oil and gas property, proved and unproved, full cost	1,814,363	1,460,674
Total noncurrent assets	1,857,876	1,548,694
Total assets	1,973,698	1,757,238
Current liabilities:
Interest payable - related parties	136,100	22,183
Convertible credit line payable – related party	957,458	0
Convertible note payable	1,210,000	1,210,000
Total current liabilities	3,411,797	1,895,215
Asset retirement obligation	5,938	918
Total liabilities	4,721,702	3,095,862
Commitments and Contingencies
Stockholders' deficit:
Series A convertible preferred stock, $0.001 par value, 2,000,000 shares authorized and 0 shares issued and outstanding	0	0
Common stock, $0.001 par value, 65,000,000 shares authorized and 21,788,178 and 21,653,326 shares issued and outstanding, respectively	21,742	21,653
Additional paid-in capital	6,571,011	5,731,830
Accumulated deficit	(9,340,757)	(7,092,107)
Total stockholders' deficit	(2,748,004)	(1,338,624)
Total liabilities and stockholders' deficit	1,973,698	1,757,238
Secured Senior Secured Convertible Note [Member]
Current liabilities:
Senior secured convertible notes payable, related party, net of discount of $15,993 and $120,231, respectively	1,303,967	1,199,729
Nonrelated Party [Member]
Current liabilities:
Accounts payable and accrued expenses	1,062,239	334,657
Subscription liability	6,000	0
Related Party [Member]
Current liabilities:
Accounts payable and accrued expenses	0	328,375
Subscription liability	40,000	0
Property and Equipment, Excluding Oil and Gas [Member]
Noncurrent assets:
Property and equipment, net	$ 43,513	$ 88,020

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Preferred Stock, Shares Authorized (in shares)	10,000,000	10,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001
Preferred Stock, Shares Authorized (in shares)	10,000,000	10,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Common Stock, Shares Authorized (in shares)	65,000,000	65,000,000
Common Stock, Shares, Outstanding (in shares)	21,742,178	21,653,326
Common Stock, Shares, Issued (in shares)	21,742,178	21,653,326
Series A Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)	2,000,000	2,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized (in shares)	2,000,000	2,000,000
Preferred Stock, Shares Outstanding, Ending Balance (in shares)	0	0
Preferred Stock, Shares Issued (in shares)	0	0
Secured Senior Secured Convertible Note [Member]
Debt Instrument, Unamortized Discount, Noncurrent	$ 15,993	$ 120,231

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Oil and gas sales	$ 146,270	$ 198,444
Lease operating expenses	411,133	573,770
Gross loss	(264,863)	(375,326)
Operating expenses:
Professional services	540,544	407,765
Board of director fees	496,010	156,000
General and administrative	705,486	728,733
Total operating expenses	1,742,040	1,292,498
Loss from operations	(2,006,903)	(1,667,824)
Other income (expense):
Other income	0	0
Interest expense	(241,747)	(224,077)
Gain on change in fair value of derivative liabilities	0	171,712
Total other income (expense)	(241,747)	(52,365)
Net loss	$ (2,248,650)	$ (1,720,189)
Loss per share:
Basic (in dollars per share)	$ (0.1)	$ (0.09)
Diluted (in dollars per share)	$ (0.1)	$ (0.09)
Weighted average shares outstanding:
Basic (in shares)	21,710,349	19,802,657
Diluted (in shares)	21,710,349	19,802,657

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Deficit - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance, December 31, 2020 (in shares) at Dec. 31, 2021	18,824,106
Balance, December 31, 2020 at Dec. 31, 2021	$ 18,824	$ 2,739,634	$ (5,371,918)	$ (2,613,460)
Stock-based compensation (in shares)	324,720
Stock-based compensation	$ 325	308,395	0	308,720
Net loss	$ 0	0	(1,720,189)	$ (1,720,189)
Stock issued for cash (in shares)	2,504,500			2,504,500
Stock issued for cash	$ 2,504	2,501,996	0	$ 2,504,500
Extinguishment of derivative liability	$ 0	181,805	0	181,805
Balance, December 31, 2021 (in shares) at Dec. 31, 2022	21,653,326
Balance, December 31, 2021 at Dec. 31, 2022	$ 21,653	5,731,830	(7,092,107)	(1,338,624)
Shares issued for the settlement of accounts payable – related party (in shares)	70,852
Shares issued for the settlement of accounts payable – related party	$ 71	354,189	0	354,260
Stock-based compensation (in shares)	18,000
Stock-based compensation	$ 18	484,992	0	485,010
Net loss	$ 0	0	(2,248,650)	(2,248,650)
Balance, December 31, 2021 (in shares) at Dec. 31, 2023	21,742,178
Balance, December 31, 2021 at Dec. 31, 2023	$ 21,742	$ 6,571,011	$ (9,340,757)	$ (2,748,004)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net loss	$ (2,248,650)	$ (1,720,189)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	485,010	308,720
Depreciation expense	54,581	8,929
Amortization of debt discount	104,238	99,346
Asset retirement obligation expense	5,020	0
Gain on change in fair value of derivative liabilities	0	(171,712)
Changes in operating assets and liabilities:
Joint interest billing receivable	(10,208)	31,492
Prepaid expenses and other current assets	(7,630)	(57,940)
Accounts payable	727,582	52,308
Accounts payable-related party	25,885	87,423
Interest payable	113,917	(39,207)
Net cash used in operating activities	(683,839)	(1,463,814)
Cash flows from investing activities:
Cash paid for purchase of equipment	10,074	72,566
Acquisition of oil and gas property	353,689	1,314,883
Net cash used in investing activities	(363,763)	(1,387,449)
Cash flows from financing activities:
Proceeds from convertible credit line, related party	957,458	0
Proceeds from advances, related parties	0	120,236
Repayment of advances, related parties	0	10,000
Repayment of convertible credit line payable - related party	0	(168,328)
Proceeds from senior secured convertible notes payable, related party	0	500,000
Proceeds from sale of common stock	0	2,504,500
Net cash provided by financing activities	957,458	2,946,408
Net change in cash and cash equivalents	(90,144)	95,145
Cash and cash equivalents, at beginning of period	95,362	217
Cash and cash equivalents, at end of period	5,218	95,362
Supplemental disclosures of cash flow information:
Cash paid for interest	32,419	133,826
Cash paid for income taxes	0	0
Supplemental disclosure of non-cash investing and financing activities:
Debt discount on senior secured convertible notes payable - related party	0	208,476
Extinguishment of derivative liability	354,260	181,805
Related Party Advances and Promissory Note Converted into 7.25% Note [Member]
Supplemental disclosure of non-cash investing and financing activities:
Advances and other liabilities converted to senior secured convertible notes payable, related party	0	819,956
Nonrelated Party [Member]
Changes in operating assets and liabilities:
Subscription liability	6,000	0
Related Party [Member]
Changes in operating assets and liabilities:
Subscription liability	$ 40,000	$ 0

Note 1 - Nature of Business and

Note 1 - Nature of Business and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	NOTE 1 NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization, Nature of Business and Trade Name The Company was incorporated in the State of Colorado on September 26, 2013 for the purpose of acquiring and executing oil and gas leases. The Company has realized limited revenues from its planned business activities. On April 27, 2023, the Company amended its articles of incorporation to change their name from Alpha Energy, Inc. to Truleum, Inc. A summary of significant accounting policies of Truleum, Inc. (“we”, “our”, the Company) is presented to assist in understanding the Company’s consolidated financial statements. The accounting policies presented in these footnotes conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the accompanying consolidated financial statements. These consolidated financial statements and notes are representations of the Company’s management who are responsible for their integrity and objectivity. Principles of Consolidation Our consolidated financial statements include our accounts and the accounts of our 100% owned subsidiary, Alpha Energy Texas Operating, LLC. All intercompany transactions and balances have been eliminated. Our consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Basis of Presentation and Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates. Correction of Previously Issued Financial Statements Subsequent to the filing of the Company’s Form 10-K for the years ended December 31, 2022 and 2021 on April 17, 2023, and during the course of preparing its consolidated financial statements for the three months ended March 31, 2023, the Company identified errors in the consolidated financial statements for the year ended December 31, 2022. The errors pertained to the overstatement of revenue and the understatements in property and equipment, net, accounts payable and accrued expenses – related parties, and general and administrative expenses for the year ended December 31, 2022. The Company assessed the materiality of these misstatements on the prior periods consolidated financial statements in accordance with SEC Staff Accounting Bulletin (“SAB”) No. 99, Materiality, codified in ASC 250 (“ASC 250”), Presentation of Financial Statements, and concluded that these misstatements were not material to any prior annual or interim periods. In accordance with ASC 250 (SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements), the Financial Statements as of December 31, 2022, and the year then ended, were revised, and selected line items from the Company's balance sheet, statement of operations and statements of cash flow for the affected period illustrating the effect of the corrections were presented in the Company’s Form 10-Q for the three months ended March 31, 2023, which was filed with the SEC on June 2, 2023. The corrections for the consolidated financial statements as of December 31, 2022 have been reflected throughout these audited consolidated financial statements and accompanying notes. Revenue Recognition Effective January 1, 2018, we adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606). Under the new standard, we recognize revenues when the following criteria are met: (i) persuasive evidence of a contract with a customer exists, (ii) identifiable performance obligations under the contract exist, (iii) the transaction price is determinable for each performance obligation, (iv) the transaction price is allocated to each performance obligation, and (v) the performance obligations are satisfied. We derive all our revenues from oil and gas production. The Company records revenues from the sales of natural gas and crude oil when the production is produced and sold, and also when collectability is ensured. The Company may in the future have an interest with other producers in certain properties, in which case the Company will use the sales method to account for gas imbalances. Under this method, revenue is recorded on the basis of natural gas actually sold by the Company. The Company also reduces revenue for other owners’ natural gas sold by the Company that cannot be volumetrically balanced in the future due to insufficient remaining reserves. The Company’s remaining over- and under-produced gas balancing positions are considered in the Company’s proved oil and natural gas reserves. The Company had no gas imbalances at December 31, 2023 or 2022. During the years ended December 31, 2023 and 2022, the Company recorded revenues of $146,270 and $198,444, respectively, and costs of revenues totaling $411,133 and $573,770, respectively. Basic and Diluted Earnings per share Net loss per share is provided in accordance with FASB ASC 260-10, “Earnings (Loss) per Share”. Basic loss per share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. For the years ended December 31, 2023 and 2022, there were 783,751 and 263,992 shares issuable from senior secured convertible notes and convertible credit line payable which were considered for their dilutive effects but concluded to be anti-dilutive, respectively. Fair Value of Financial Instruments The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as risks inherent in valuation techniques, transfer restrictions and credit risk. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 – Inputs that are generally unobservable and typically reflect management’s estimate of assumptions that market participants would use in pricing the asset or liability. The carrying amount of the Company’s financial instruments consisting of accounts payable, notes payable and convertible notes approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these consolidated financial statements. Derivative Financial Instruments Fair value accounting requires bifurcation of embedded derivative instruments such as conversion features in convertible debt or equity instruments and measurement of their fair value for accounting purposes. In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if there is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional convertible debt under ASC 470, the Company will continue its evaluation process of these instruments as derivative financial instruments under ASC 815. The Company applies the guidance in ASC 815-40-35-12 to determine the order in which each convertible instrument would be evaluated for derivative classification. The Company’s sequencing policy is to evaluate reclassification contracts with the earliest maturity date first. Once determined, derivative liabilities are adjusted to reflect fair value at each reporting period end, with any increase or decrease in the fair value being recorded in results of operations as an adjustment to fair value of derivatives. Property and Equipment Property and equipment are recorded at cost and depreciated over their estimated useful lives using the straight-line depreciation method as follows: Computer equipment 3 years Vehicles 4 years Machinery and equipment 5 years Oil and natural gas properties The Company accounts for our oil and natural gas producing activities using the full cost method of accounting as prescribed by the United States Securities and Exchange Commission (SEC). Under this method, subject to a limitation based on estimated value, all costs incurred in the acquisition, exploration, and development of unproved oil and natural gas properties, including internal costs directly associated with acquisition, exploration, and development activities, the costs of abandoned properties, dry holes, geophysical costs, and annual lease rentals are capitalized within a cost center. Costs of production and general and administrative corporate costs unrelated to acquisition, exploration, and development activities are expensed as incurred. Costs associated with unevaluated properties are capitalized as oil and natural gas properties but are excluded from the amortization base during the evaluation period. When we determine whether the property has proved recoverable reserves or not, or if there is an impairment, the costs are transferred into the amortization base and thereby become subject to amortization. The Company assesses all items classified as unevaluated property on at least an annual basis for inclusion in the amortization base. It assesses properties on an individual basis or as a group if properties are individually insignificant. The assessment includes consideration of the following factors, among others: intent to drill; remaining lease term; geological and geophysical evaluations; drilling results and activity; the assignment of proved reserves; and the economic viability of development if proved reserves are assigned. During any period in which these factors indicate that there would be impairment, or if proved reserves are assigned to a property, the cumulative costs incurred to date for such property are transferred to the amortizable base and are then subject to amortization. Capitalized costs are included in the amortization base, including estimated asset retirement costs, plus the estimated future expenditures to be incurred in developing proved reserves, net of estimated salvage values. Sales or other dispositions of oil and natural gas properties are accounted for as adjustments to capitalized costs, with no gain or loss recorded unless the ratio of cost to proved reserves would significantly change. The capitalized costs of oil and gas properties, excluding unevaluated and unproved properties, are amortized as depreciation, depletion and amortization expense using the units-of-production method based on estimated proved recoverable oil and gas reserves. Concentrations of Risk The Company has 100 % of the working interest in the oil and gas leases, which are located in the state of Colorado and Oklahoma. Environmental and regulatory factors within the state beyond the control of the Company may limit the Company’s future production of all its leases. The Company has a single buyer for the gas produced from one of its leases. The loss of this buyer would have a material adverse impact on our business. Asset retirement obligation The Company records the fair value of an asset retirement cost, and corresponding liability as part of the cost of the related long-lived asset and the cost is subsequently allocated to expense using a systematic and rational method. We record an asset retirement obligation to reflect our legal obligations related to future plugging and abandonment of our oil and natural gas wells and gathering systems. We estimate the expected cash flow associated with the obligation and discount the amount using a credit-adjusted, risk-free interest rate. At least annually, we reassess the obligation to determine whether a change in the estimated obligation is necessary. We evaluate whether there are indicators that suggest the estimated cash flows underlying the obligation have materially changed. Should those indicators suggest, the estimated obligation may have materially changed on an interim basis (quarterly), we will update our assessment accordingly. Additional retirement obligations increase the liability associated with new oil and natural gas wells and gathering systems as these obligations are incurred. The Company had accrued an asset retirement obligation liability totaling $5,938 and $918 as of December 31, 2023 and 2022, respectively. Income Taxes The Company accounts for income taxes under ASC 740 “ Income Taxes Accounting for Income Taxes Accounting for Uncertainty in Income Taxes an Interpretation of FASB Statement No.109. Related Parties The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions. Stock-based Compensation Employee and non-employee share-based compensation is measured at the grant date, based on the fair value of the award, and is recognized as an expense over the requisite service period. Recently Issued Accounting Pronouncements The Company does not believe that any recently issued effective pronouncements, or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying consolidated financial statements.

Note 2 - Going Concern

Note 2 - Going Concern	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Substantial Doubt about Going Concern [Text Block]	NOTE 2 GOING CONCERN The Company’s consolidated financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company does not have significant cash or other current assets, nor does it have an established source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the date of issuance of these consolidated financial statements. Under the going concern assumption, an entity is ordinarily viewed as continuing in business for the foreseeable future with neither the intention nor the necessity of liquidation, ceasing trading, or seeking protection from creditors pursuant to laws or regulations. Accordingly, assets and liabilities are recorded on the basis that the entity will be able to realize its assets and discharge its liabilities in the normal course of business. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish its business plans and eventually attain profitable operations. The accompanying consolidated financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern. During the next year, the Company’s foreseeable cash requirements will relate to continual development of the operations of its business, maintaining its good standing, making the requisite filings with the Securities and Exchange Commission, and the payment of expenses associated with oil and gas exploration. The Company may experience a cash shortfall and be required to raise additional capital. Historically, it has mostly relied upon internally generated funds and funds from the sale of shares of stock to finance its operations and growth. Management may raise additional capital through future public or private offerings of the Company’s stock or through loans from private investors, although there can be no assurance that it will be able to obtain such financing. The Company’s failure to do so could have a material and adverse effect upon it and its shareholders.

Note 3 - Oil and Gas Properties

Note 3 - Oil and Gas Properties	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Oil and Gas Properties [Text Block]	NOTE 3 OIL AND GAS PROPERTIES On June 30, 2020, the Company entered into an option Agreement with Progressive Well Service, LLC (“Progressive”) to acquire oil and gas assets in Lincoln and Logan Counties in Central Oklahoma. On March 9, 2022, the Company closed on the acquisition of 34 well bores and related assets under the PSA with cash payments of $726,298. The Company is entitled to receive the proceeds of production from January 1, 2022 under the terms of the PSA and Progressive is required to operate the properties and transfer ownership and royalty decks to Company following a one-month transition period. Under the PSA we are obligated to make a further payment of three (3%) percent of the net revenue from new wells drilled until Progressive receives an additional $350,000. The Company entered into a Letter of Intent with Chicorica, LLC (Chicorica) on December 13, 2018; Chicorica has developed an oil and gas exploration project in northeastern New Mexico that includes several prospective areas which the Company is interested in exploring, as well as utilizing Chicorica’s seismic and other data and expertise. On March 1, 2022, the Company entered into an extension agreement with Chicorica to extend the closing through August 5, 2022. In return, the Company must pay $30,000 by April 1, 2022, $35,000 by July 8, 2022 and $30,000 by August 5, 2022. During the year ended December 31, 2022, the Company paid $30,000 related to the extension agreement. Oil and gas properties at December 31, 2023 and 2022 consisted of the following: Balance Balance Account 12/31/2022 Additions 12/31/2023 Leasehold Improvements - Chicorica $ 40,000 $ - $ 40,000 Leasehold Improvements - Undeveloped 62,596 1,377 63,973 Lease Acquisition and Development Costs - Logan County 1,358,078 381,326 1,739,404 Asset retirement obligation – true-up - 1,348 1,348 (Accumulated depletion) - (30,362 ) (30,362 ) Total oil and gas related assets $ 1,460,674 $ 353,689 $ 1,814,363

Note 4 - Income Taxes

Note 4 - Income Taxes	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 4 INCOME TAXES The Company provides for income taxes under FASB ASC 740, Accounting for Income Taxes. FASB ASC 740 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect currently. FASB ASC 740 requires the reduction of deferred tax assets by a valuation allowance, if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. In the Company’s opinion, it is uncertain whether they will generate sufficient taxable income in the future to fully utilize the net deferred tax asset. Accordingly, a valuation allowance equal to the deferred tax asset has been recorded. The total deferred tax asset was approximately $1,485,000 and $1,033,000 as of December 31, 2023 and 2022, respectively which is calculated by multiplying a 25.63% estimated tax rate by the cumulative net operating loss (NOL) of approximately $5,793,000 and $4,029,000, respectively. Due to the enactment of the Tax Reform Act of 2017, we have calculated our deferred tax assets using an estimated corporate tax rate of 25.63%. US Tax codes and laws may be subject to further reform or adjustment which may have a material impact to the Company’s deferred tax assets and liabilities. The Company is subject to United States federal income taxes at an approximate rate of 21% and state income taxes at an approximate rate of 4.63%. The reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows: The net deferred tax assets consist of the following: 2023 2022 Deferred income tax assets Net operating loss carry forward $ 1,485,000 $ 1,033,000 Valuation allowance (1,485,000 ) (1,033,000 ) Net deferred income tax asset $ - $ - A reconciliation of income taxes computed at the statutory rate is as follows: 2023 2022 Tax benefit at effective rate $ 453,000 $ 408,000 Change in valuation allowance (453,000 ) (408,000 ) Provision for income taxes $ - $ - The Company has an operating loss carry forward of approximately $5,793,000 as of December 31, 2023.

Note 5 - Common Stock

Note 5 - Common Stock	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Equity [Text Block]	NOTE 5 COMMON STOCK The Company is authorized to issue 75,000,000 shares of its capital stock, consisting of 10,000,000 shares of preferred stock, par value $0.001 per share, and 65,000,000 shares of common stock, par value $0.001 per share. During 2022 and through June 30, 2023, the Company compensated each director with 4,000 shares of common stock per month (see discussion below of revised Board of Director compensation plan). For the years ended December 31, 2023 and 2022, the Company issued 72,000 and 156,000 shares of common stock for a total of $72,000 and $156,000, respectively, as board of director compensation related to this plan. On September 2, 2022, the Company entered into a six-month agreement with a consultant that included the issuance of 60,000 common shares; such shares were issued as of December 31, 2022. During the years ended December 31, 2023 and 2022, the Company recognized $20,000 and $40,000, respectively, of expense related to this agreement. On October 15, 2022, the Company entered into a one-year agreement with a consultant. Per the agreement, the Company will compensate the consultant $10,000 and issue 2,000 common shares per month. During the year ended December 31, 2023, the Company issued 18,000 common shares, recorded a subscription liability for $6,000 and expense of $24,000 related to this agreement. During the year ended December 31, 2022, the Company issued $5,000 shares and recorded $5,000 of expense related to this agreement. On April 10, 2023, the Company issued 70,852 shares of common stock valued at $5.00 per share to settle outstanding consulting invoices owed to Jay Leaver, President for an aggregate amount of $354,260. On July 1, 2023, the Company adopted a revised Board of Directors compensation plan, replacing the previous director compensation plan, which provided monthly grants to non-employee directors (see discussion above). Under the new plan, each director receives compensation for their service on the Board and reimbursements for certain expenses in accordance with the Company’s reimbursement policy. Until the Company’s common stock is listed on a national securities exchange, each non-employee director shall receive options to purchase shares of common stock valued at $150,000 by the Black-Scholes pricing model on an annual basis, payable quarterly, with an exercise price equal to the closing price of the Company’s common stock on the last business day of the quarter. See details of stock options below. On January 12, 2024, the Company issued 40,000 shares of its common stock to Company director Mark Timm as a bonus effective December 31, 2023; this amount of $40,000 was recorded as a subscription liability – related party on the balance sheet as of year-end. Stock Options The following table summarizes the stock option activity for the year ended December 31, 2023: Number of Options Weighted Average Exercise Price Per Share Outstanding at December 31, 2022 – $ – Granted 134,145 2.86 Exercised – – Forfeited and expired – – Outstanding at December 31, 2023 134,145 $ 2.86 On September 30, 2023, the Company granted a total of 96,060 options to the Company’s board of directors, or 19,212 options each to Robert J. Flynn, Jr., Lacie Kellogg, Mark Timm, Isaac Dietrich and Richard Nummi. The options have a ten ten On December 29, 2023, the Company granted a total of 38,085 options to the Company’s board of directors, or 7,617 options each to Robert J. Flynn, Jr., Lacie Kellogg, Mark Timm, Isaac Dietrich and Richard Nummi. The options have a ten ten As of December 31, 2023, the outstanding stock options have a weighted average remaining term of 9.8 years and have no For the year ended December , 2022 During the year ended December 31, 2022, the Company issued 78,720 shares of common stock to Kelloff Oil & Gas, LLC and recorded stock compensation in the amount of $78,720. The Company also issued 29,000 shares of common stock for services provided during the year ended December 31, 2022, and recorded stock compensation in the amount of $29,000. During the year ended December 31, 2022, the Company issued 2,504,500 shares of common stock for cash proceeds of $2,504,500.

Note 6 - Related Party Transact

Note 6 - Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 6 RELATED PARTY TRANSACTIONS Chicorica The Company entered into a Letter of Intent with Chicorica on December 13, 2018; Chicorica has developed an oil and gas exploration project in northeastern New Mexico that includes several prospective areas which the Company is interested in exploring, as well as utilizing Chicorica’s seismic and other data and expertise. On March 1, 2022, the Company entered into an extension agreement with Chicorica to extend the closing through August 5, 2022. In return, the Company must pay $30,000 by April 1, 2022, $35,000 by July 8, 2022 and $30,000 by August 5, 2022. During the year ended December 31, 2022, the Company paid $30,000 related to the extension agreement. Advances - Related Party The Company received advances from AEI Management, Inc., a Company owned by a significant shareholder, totaling $0 and $88,956 during the years ended December 31, 2023 and 2022, respectively. The advances are unsecured, non-interest bearing and are payable on demand. During the year ended December 31, 2022, the Company repaid $10,000 of the advances and converted $413,206 of advances to a senior secured convertible note due February 24, 2024. The Company received advances from Jay Leaver, President of the Company, totaling $135,381 and $31,280 during the years ended December 31, 2023 and 2022, respectively. The advances are unsecured, non-interest bearing and payable on demand. During the year ended December 31, 2023, the Company converted $135,381 plus interest of $6,854 into a convertible revolving promissory note due on October 1, 2024. During the year ended December 31, 2022, the Company converted $325,580 of advances to a senior secured convertible note due February 24, 2024. As of December 31, 2023 and 2022, there were no Accounts Payable and Accrued Expenses - Related Parties As of December 31, 2023 and 2022, there was $0 and $328,375 of accounts payable - related parties; the prior year balance consisted of $203,484 due to Leaverite Exploration, Inc. d/b/a Leaverite Consulting (“Leaverite Exploration”), a corporation wholly-owned by our President, Jay Leaver pursuant to a consulting agreement. On April 10, 2023, the Company issued 70,852 shares of common stock valued at $5.00 per share to settle outstanding consulting invoices in the amount of $354,260 owed to Mr. Leaver. Subscription Liability Related Party On January 12, 2024, the Company issued 40,000 shares of its common stock to Company director Mark Timm as a bonus effective December 31, 2023; this amount of $40,000 was recorded as a subscription liability – related party on the balance sheet as of year-end. Convertible Credit Line Payable Related Party AEI Acquisition Company, LLC On June 1, 2021, the Company entered into a new convertible credit line agreement with AEI Acquisition Company, LLC. (“AEI”), the Company’s majority shareholder, to borrow up to $1,500,000; the agreement has a maturity date of June 1, 2023. The outstanding balance accrues interest at a rate of 7% per annum and the outstanding balance is convertible to common stock of the Company at the lesser of the close price of the common stock as quoted on the OTCBB on the day interest is due and payable immediately preceding the conversion or $4.00. The Company analyzed the conversion option in the convertible line of credit for derivative accounting consideration under ASC 815, Derivative and Hedging, and determined that the transaction does qualify for derivative treatment. The Company evaluated the new convertible credit line for debt modification in accordance with ASC 470-50 and concluded that the debt qualified for debt modification as the borrowing capacity under the new credit line is greater than the borrowing capacity under the original credit line. There were no fees paid to the creditor and no unamortized deferred costs on the original credit line. Accordingly, no expense was recognized in connection with the transaction. During the year ended December 31, 2022, the Company amortized $11,100 of the discount as interest expense, and as of December 31, 2022, the unamortized discount was $0. During the year ended December 31, 2022, the Company repaid $168,328 of principal on the convertible credit line and $53,275 of accrued interest and as of December 31, 2022, the outstanding principal balance on the convertible credit line was $0. See discussion of derivative liability in Note 8 – Derivative Liability. On February 11, 2023, the Company and AEI entered into an amendment to the convertible revolving credit line (the “First Amendment”), which provided that any outstanding amount of principal and/or interest under the revolving credit line may be converted into fully paid and non-assessable shares of common stock, $0.001 per share par value, at a fixed conversion price of $1.50 per share subject to adjustment for stock dividends, stock splits, recapitalizations, or other similar transactions that affect the rights of common stockholders generally. On May 30, 2023 and January 8, 2024, the Company and AEI entered into second and third amendments to the convertible revolving credit line, which extended the maturity dates of the lines to December 31, 2023 and January 1, 2025, respectively. As of December 31, 2023, the Company has drawn $703,430 on the convertible note, with accrued interest of $22,183. 20 Shekels On October 23, 2023, the Company entered into a new revolving credit facility with 20 Shekels, Inc. (“20 Shekels”), an affiliated company, to borrow up to $500,000; the agreement has a maturity date of October 1, 2024, will accrue interest at a rate of 12% per annum and the outstanding balance is convertible to common stock of the Company at the lesser of $5.00 per share or a 10% discount to a 3-day volume weighted price average subject to adjustment as provided in the note agreement. Since May 16, 2023, 20 Shekels has made loans in favor of the Company in the amounts of principal and accrued interest totaling $142,235 as of October 3, 2023 (the date these amounts were evaluated for incorporation into the credit facility); such amounts will be consolidated and incorporated into the indebtedness covered by this facility. As of December 31, 2023, the Company has a balance of $254,028, with accrued interest of $12,513. Senior Secured Convertible Notes Payable Related Party AEI Acquisition Company, LLC On February 25, 2022, the Company entered into a secured senior secured convertible note with AEI for the purchase and sale of convertible promissory notes (“Convertible Note”) in the principal amount of $5,000,000. The Convertible Note is convertible at any time after the date of issuance into shares of the Company’s common stock at a fixed conversion price of $5.00 per share; upon conversion, the Company would issue the noteholder 1,000,000 shares of common stock. The Convertible Note bears interest at a rate of 7.25% per annum, is paid on a quarterly basis, and has a maturity date of February 25, 2024. The Convertible Note is secured by certain oil and gas leases, lands, minerals and other properties of the Company, subject to prior liens and security interests. During the year ended December 31, 2022, $413,206 from a related party was exchanged for a convertible note; due to the variable conversion price in the convertible credit line, this fixed senior secured convertible note is treated as a derivative due to the possibility of insufficient shares available at conversion to settle the note. The day one derivative liability was $65,262, which was recorded as a discount; for the years ended December 31, 2023 and 2022, the Company amortized $32,631 and $27,624, respectively, of the discount as interest expense. As of December 31, 2023 and 2022, the unamortized discount was $5,006 and $37,638, respectively. The outstanding principal balance on the senior secured convertible notes payable as of December 31, 2023 and 2022 was $413,206 as of both dates. 20 Shekels On February 25, 2022, Mr. Leaver assigned a $406,750 promissory note and advances of $500,000 to 20 Shekels. On the same day, the assigned promissory note and advance totaling $906,750 were transferred into a secured senior secured convertible note. The convertible note bears interest at 7.25% and matures on February 25, 2024. The note is convertible into shares of the Company at $5.00 per share. Due to the variable convertible credit line, this fixed senior secured convertible note is treated as derivatives due to the possibility of insufficient shares available at conversion to settle the notes. The day one derivative liability was $143,214, which was recorded as a discount; for the years ended December 31, 2023 and 2022, the Company amortized $71,607 and $60,621, respectively, of the discount as interest expense. As of December 31, 2023 and 2022, the unamortized discount was $10,986 and $82,593, respectively. The outstanding principal balance on the senior secured convertible notes payable as of December 31, 2023 and 2022 was $906,754 as of both dates. As of December 31, 2023 and 2022, the senior secured convertible notes payable balance, net of discount, was $1,303,967 and $1,199,729 respectively, with accrued interest of $79,225 and $0, respectively. Exchange Agreements On December 31, 2022, the Company and 20 Shekels, Inc. an affiliate of our President Jay Leaver, and AEI Management, Inc., an affiliate of our majority stockholder, AEI Acquisition Company, LLC., entered into Exchange Agreements (the “Exchange Agreements”) with respect to certain outstanding indebtedness of the Company. Under the Exchange Agreements, the Company’s previously issued 7.25% Senior Secured Notes due February 22, 2024 to affiliates of Mr. Leaver (which were assigned to 20 Shekels, Inc. a corporation wholly-owned by Marshwiggle, LLC, a limited liability company jointly owned by Mr. Leaver and his spouse ) and to AEI Management, Inc. were amended and restated and the Contractual Investment Agreements (“CIA”) entered with the Company and related agreements were terminated and replaced with the new 7.25% Senior Secured Note Purchase Agreement agreements and the new 7.25% Transaction Documents. Under the terms of the Exchange Agreements, 20 Shekels, Inc. was issued a $906,754 principal amount 7.25% Note and AEI Management, Inc. was issued a $413,206 principal amount 7.25% Note. As a result of the amendments, the holders and the Company amended and restated the terms of the contractual agreements governing 7.25% Notes in order to, among other things, extend the maturity date to December 31 2024 and limit the scope of the collateral pledged to assets acquired on March 9, 2022 (34 well bores and related assets) under the Purchase and Sale Agreement with Progressive Well Service, LLC on the Cherokee Uplift in Central Oklahoma for the Logan 1 Assets. In addition, AEI Management, Inc. was appointed collateral agent for 7.25% Notes, the CIAs were terminated, and the parties agreed to various representations and warranties, covenants, and conditions, as provided in the new 7.25% Transaction Documents and released all prior obligations under the CIA and related agreements. As of December 31, 2023, the senior secured convertible notes payable balance, net of discount, was $1,303,967. As of December 31, 2023, the future maturities of debt, excluding debt discounts, are as follows: 2024 $ 2,783,988 2025 703,430 2026 - 2027 - 2028 and thereafter - Total $ 3,487,418

Note 7 - Convertible Note Payab

Note 7 - Convertible Note Payable	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Short-Term Debt [Text Block]	NOTE 7 CONVERTIBLE NOTE PAYABLE On June 25, 2020, the Company entered into a Purchase and Sale Agreement ("PSA”) with Pure Oil & Gas, Inc. ("Pure”) and ZQH Holding, LLC ("ZQH”) to acquire oil and gas assets in Rogers County Oklahoma (the "Project”) in consideration of a purchase price of $1,000,000. The operator of the Project and owner of the residual working interest is Premier Gas Company, LLC ("Premier”). As of December 31, 2020, the Company fully impaired the Project due to the lack of funds for development. On July 6, 2020, Premier filed a mechanic’s lien in Rogers County alleging past unpaid invoices. During 2021 the Company notified ZQH that title research revealed that the assets covered by the PSA are not valid or in effect and were not valid or in effect at the time the PSA was executed and denied effectiveness of the PSA and further notified ZQH that the Company had no continuing obligations and no further obligation under the $1,210,000 principal amount promissory note therefore issued in connection with the PSA as a result. There can be no assurance that Pure and ZQH do not dispute our conclusions and assert claims against us including potential litigation. Since June 1, 2021, no further extension agreements have been entered into and as of December 31, 2023 and 2022, the convertible note payable balance was $1,210,000 with accrued interest of $22,882 for both dates. The Company is in legal discussions with ZQH to relieve the loan as the properties in the purchase agreement were not held by title.

Note 8 - Derivative Liability

Note 8 - Derivative Liability	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Derivatives and Fair Value [Text Block]	NOTE 8 DERIVATIVE LIABILITY As discussed in Note 1, on a recurring basis, the Company measures certain financial assets and liabilities based upon the fair value hierarchy. As of December 31, 2023, and 2022, the Company had $0 derivative liability balances as of both dates on the consolidated balance sheets and recorded a gain from the derivative liability fair value adjustment of $171,712 during the year ended December 31, 2022. The Company assessed its outstanding convertible credit line payable and determined certain convertible credit lines payable with variable conversion features contain embedded derivatives and are therefore accounted for at fair value under ASC 920, Fair Value Measurements and Disclosures and ASC 825, Financial Instruments. During the year ended December 31, 2022, the Company repaid the convertible credit line in full, which caused the senior secured convertible notes to no longer be classified as a derivative. As a result, the Company recorded a reclassification from derivative liabilities to equity of $181,805. Utilizing Level 3 Inputs, the Company recorded a gain on fair market value adjustments related to convertible credit line payable and senior secured notes payable for the year ended December 31, 2022 of $171,712. The fair market value adjustments as of December 31, 2022 were calculated utilizing the Black-Scholes option pricing model using the following assumptions: exercise price of $1.00 - $5.00, computed volatility of 180% - 261% and discount rate of 3.92% - 4.76%. A summary of the activity of the derivative liability is shown below: Balance at December 31, 2021 145,041 Debt discount on senior secured notes payable 208,476 Extinguishment of derivative liability (181,805 ) Gain on change in derivative fair value adjustment (171,712 ) Balance at December 31, 2022 $ -

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 9 COMMITMENTS AND CONTINGENCIES Effective November 1, 2018, the Company entered into an employment contract with John Lepin, the President and CFO of the Company at that time. The President will receive an annual salary of $120,000, increasing 10% per year for five 0.03125 Legal Matters On May 23, 2023, a complaint was filed against the Company in the Probate Court of Harris County, Texas by Ernest Berger, as Independent Executor of the Estate of John Lepin. The Complaint was filed pursuant to the Texas Estates Code Section 351.054 and alleges breach of an employment agreement with John Lepin, who resigned from the Company in 2022, among other claims for unpaid compensation. The Complaint seeks i) payment of $39,247, ii) the issuance of 22,250 shares of common stock, iii) an indeterminate amount of royalty payments, iv) attorney’s fees, costs and expenses, as well as v) interest and such other relief as the court may award. The answer was filed August 8, 2023; the company is disputing the litigation and believes at this point the result is undeterminable. As a result, no accrual has been made as of December 31, 2023.

Note 10 - Subsequent Events

Note 10 - Subsequent Events	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 10 SUBSEQUENT EVENTS On January 29, 2024, the Company’s Board of Directors voted to increase the size of the board by reappointing Richard Nummi as a member.

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Dec. 31, 2023
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	ITEM 9B. OTHER INFORMATION None
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation Our consolidated financial statements include our accounts and the accounts of our 100% owned subsidiary, Alpha Energy Texas Operating, LLC. All intercompany transactions and balances have been eliminated. Our consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation and Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates.
Correction of Previously Issued Financial Statements [Policy Text Block]	Correction of Previously Issued Financial Statements Subsequent to the filing of the Company’s Form 10-K for the years ended December 31, 2022 and 2021 on April 17, 2023, and during the course of preparing its consolidated financial statements for the three months ended March 31, 2023, the Company identified errors in the consolidated financial statements for the year ended December 31, 2022. The errors pertained to the overstatement of revenue and the understatements in property and equipment, net, accounts payable and accrued expenses – related parties, and general and administrative expenses for the year ended December 31, 2022. The Company assessed the materiality of these misstatements on the prior periods consolidated financial statements in accordance with SEC Staff Accounting Bulletin (“SAB”) No. 99, Materiality, codified in ASC 250 (“ASC 250”), Presentation of Financial Statements, and concluded that these misstatements were not material to any prior annual or interim periods. In accordance with ASC 250 (SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements), the Financial Statements as of December 31, 2022, and the year then ended, were revised, and selected line items from the Company's balance sheet, statement of operations and statements of cash flow for the affected period illustrating the effect of the corrections were presented in the Company’s Form 10-Q for the three months ended March 31, 2023, which was filed with the SEC on June 2, 2023. The corrections for the consolidated financial statements as of December 31, 2022 have been reflected throughout these audited consolidated financial statements and accompanying notes.
Revenue from Contract with Customer [Policy Text Block]	Revenue Recognition Effective January 1, 2018, we adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606). Under the new standard, we recognize revenues when the following criteria are met: (i) persuasive evidence of a contract with a customer exists, (ii) identifiable performance obligations under the contract exist, (iii) the transaction price is determinable for each performance obligation, (iv) the transaction price is allocated to each performance obligation, and (v) the performance obligations are satisfied. We derive all our revenues from oil and gas production. The Company records revenues from the sales of natural gas and crude oil when the production is produced and sold, and also when collectability is ensured. The Company may in the future have an interest with other producers in certain properties, in which case the Company will use the sales method to account for gas imbalances. Under this method, revenue is recorded on the basis of natural gas actually sold by the Company. The Company also reduces revenue for other owners’ natural gas sold by the Company that cannot be volumetrically balanced in the future due to insufficient remaining reserves. The Company’s remaining over- and under-produced gas balancing positions are considered in the Company’s proved oil and natural gas reserves. The Company had no gas imbalances at December 31, 2023 or 2022. During the years ended December 31, 2023 and 2022, the Company recorded revenues of $146,270 and $198,444, respectively, and costs of revenues totaling $411,133 and $573,770, respectively.
Earnings Per Share, Policy [Policy Text Block]	Basic and Diluted Earnings per share Net loss per share is provided in accordance with FASB ASC 260-10, “Earnings (Loss) per Share”. Basic loss per share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. For the years ended December 31, 2023 and 2022, there were 783,751 and 263,992 shares issuable from senior secured convertible notes and convertible credit line payable which were considered for their dilutive effects but concluded to be anti-dilutive, respectively.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as risks inherent in valuation techniques, transfer restrictions and credit risk. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 – Inputs that are generally unobservable and typically reflect management’s estimate of assumptions that market participants would use in pricing the asset or liability. The carrying amount of the Company’s financial instruments consisting of accounts payable, notes payable and convertible notes approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these consolidated financial statements.
Derivatives, Policy [Policy Text Block]	Derivative Financial Instruments Fair value accounting requires bifurcation of embedded derivative instruments such as conversion features in convertible debt or equity instruments and measurement of their fair value for accounting purposes. In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if there is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional convertible debt under ASC 470, the Company will continue its evaluation process of these instruments as derivative financial instruments under ASC 815. The Company applies the guidance in ASC 815-40-35-12 to determine the order in which each convertible instrument would be evaluated for derivative classification. The Company’s sequencing policy is to evaluate reclassification contracts with the earliest maturity date first. Once determined, derivative liabilities are adjusted to reflect fair value at each reporting period end, with any increase or decrease in the fair value being recorded in results of operations as an adjustment to fair value of derivatives.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment are recorded at cost and depreciated over their estimated useful lives using the straight-line depreciation method as follows: Computer equipment 3 years Vehicles 4 years Machinery and equipment 5 years
Oil and Gas Properties Policy [Policy Text Block]	Oil and natural gas properties The Company accounts for our oil and natural gas producing activities using the full cost method of accounting as prescribed by the United States Securities and Exchange Commission (SEC). Under this method, subject to a limitation based on estimated value, all costs incurred in the acquisition, exploration, and development of unproved oil and natural gas properties, including internal costs directly associated with acquisition, exploration, and development activities, the costs of abandoned properties, dry holes, geophysical costs, and annual lease rentals are capitalized within a cost center. Costs of production and general and administrative corporate costs unrelated to acquisition, exploration, and development activities are expensed as incurred. Costs associated with unevaluated properties are capitalized as oil and natural gas properties but are excluded from the amortization base during the evaluation period. When we determine whether the property has proved recoverable reserves or not, or if there is an impairment, the costs are transferred into the amortization base and thereby become subject to amortization. The Company assesses all items classified as unevaluated property on at least an annual basis for inclusion in the amortization base. It assesses properties on an individual basis or as a group if properties are individually insignificant. The assessment includes consideration of the following factors, among others: intent to drill; remaining lease term; geological and geophysical evaluations; drilling results and activity; the assignment of proved reserves; and the economic viability of development if proved reserves are assigned. During any period in which these factors indicate that there would be impairment, or if proved reserves are assigned to a property, the cumulative costs incurred to date for such property are transferred to the amortizable base and are then subject to amortization. Capitalized costs are included in the amortization base, including estimated asset retirement costs, plus the estimated future expenditures to be incurred in developing proved reserves, net of estimated salvage values. Sales or other dispositions of oil and natural gas properties are accounted for as adjustments to capitalized costs, with no gain or loss recorded unless the ratio of cost to proved reserves would significantly change. The capitalized costs of oil and gas properties, excluding unevaluated and unproved properties, are amortized as depreciation, depletion and amortization expense using the units-of-production method based on estimated proved recoverable oil and gas reserves.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Risk The Company has 100 % of the working interest in the oil and gas leases, which are located in the state of Colorado and Oklahoma. Environmental and regulatory factors within the state beyond the control of the Company may limit the Company’s future production of all its leases. The Company has a single buyer for the gas produced from one of its leases. The loss of this buyer would have a material adverse impact on our business.
Asset Retirement Obligation [Policy Text Block]	Asset retirement obligation The Company records the fair value of an asset retirement cost, and corresponding liability as part of the cost of the related long-lived asset and the cost is subsequently allocated to expense using a systematic and rational method. We record an asset retirement obligation to reflect our legal obligations related to future plugging and abandonment of our oil and natural gas wells and gathering systems. We estimate the expected cash flow associated with the obligation and discount the amount using a credit-adjusted, risk-free interest rate. At least annually, we reassess the obligation to determine whether a change in the estimated obligation is necessary. We evaluate whether there are indicators that suggest the estimated cash flows underlying the obligation have materially changed. Should those indicators suggest, the estimated obligation may have materially changed on an interim basis (quarterly), we will update our assessment accordingly. Additional retirement obligations increase the liability associated with new oil and natural gas wells and gathering systems as these obligations are incurred. The Company had accrued an asset retirement obligation liability totaling $5,938 and $918 as of December 31, 2023 and 2022, respectively.
Income Tax, Policy [Policy Text Block]	Income Taxes The Company accounts for income taxes under ASC 740 “ Income Taxes Accounting for Income Taxes Accounting for Uncertainty in Income Taxes an Interpretation of FASB Statement No.109.
Related Parties, Policy [Policy Text Block]	Related Parties The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions.
Share-Based Payment Arrangement [Policy Text Block]	Stock-based Compensation Employee and non-employee share-based compensation is measured at the grant date, based on the fair value of the award, and is recognized as an expense over the requisite service period.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements The Company does not believe that any recently issued effective pronouncements, or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying consolidated financial statements.

Note 1 - Nature of Business a_2

Note 1 - Nature of Business and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Property, Plant, and Equipment Useful Life [Table Text Block]	Computer equipment 3 years Vehicles 4 years Machinery and equipment 5 years

Note 3 - Oil and Gas Properti_2

Note 3 - Oil and Gas Properties (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	Balance Balance Account 12/31/2022 Additions 12/31/2023 Leasehold Improvements - Chicorica $ 40,000 $ - $ 40,000 Leasehold Improvements - Undeveloped 62,596 1,377 63,973 Lease Acquisition and Development Costs - Logan County 1,358,078 381,326 1,739,404 Asset retirement obligation – true-up - 1,348 1,348 (Accumulated depletion) - (30,362 ) (30,362 ) Total oil and gas related assets $ 1,460,674 $ 353,689 $ 1,814,363

Note 4 - Income Taxes (Tables)

Note 4 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2023 2022 Deferred income tax assets Net operating loss carry forward $ 1,485,000 $ 1,033,000 Valuation allowance (1,485,000 ) (1,033,000 ) Net deferred income tax asset $ - $ -
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2023 2022 Tax benefit at effective rate $ 453,000 $ 408,000 Change in valuation allowance (453,000 ) (408,000 ) Provision for income taxes $ - $ -

Note 5 - Common Stock (Tables)

Note 5 - Common Stock (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Number of Options Weighted Average Exercise Price Per Share Outstanding at December 31, 2022 – $ – Granted 134,145 2.86 Exercised – – Forfeited and expired – – Outstanding at December 31, 2023 134,145 $ 2.86

Note 6 - Related Party Transa_2

Note 6 - Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Maturities of Long-Term Debt [Table Text Block]	2024 $ 2,783,988 2025 703,430 2026 - 2027 - 2028 and thereafter - Total $ 3,487,418

Note 8 - Derivative Liability (

Note 8 - Derivative Liability (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Balance at December 31, 2021 145,041 Debt discount on senior secured notes payable 208,476 Extinguishment of derivative liability (181,805 ) Gain on change in derivative fair value adjustment (171,712 ) Balance at December 31, 2022 $ -

Note 1 - Nature of Business a_3

Note 1 - Nature of Business and Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Gas Balancing Asset (Liability)	$ 0	$ 0
Revenues, Total	146,270	198,444
Cost of Goods and Services Sold	411,133	573,770
Asset Retirement Obligations, Noncurrent	$ 5,938	$ 918
Computer Equipment [Member]
Property, Plant and Equipment, Useful Life	3 years
Vehicles [Member]
Property, Plant and Equipment, Useful Life	4 years
Machinery and Equipment [Member]
Property, Plant and Equipment, Useful Life	5 years
Convertible Debt Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	783,751	263,992
Alpha Energy Texas Operating, LLC [Member]
Subsidiary, Ownership Percentage, Parent	100%

Note 1 - Nature of Business a_4

Note 1 - Nature of Business and Summary of Significant Accounting Policies - Property, Plant, and Equipment (Details)	Dec. 31, 2023
Computer Equipment [Member]
Property, Plant and Equipment, Useful Life	3 years
Vehicles [Member]
Property, Plant and Equipment, Useful Life	4 years
Machinery and Equipment [Member]
Property, Plant and Equipment, Useful Life	5 years

Note 3 - Oil and Gas Properti_3

Note 3 - Oil and Gas Properties (Details Textual)		12 Months Ended
	Mar. 09, 2022 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Aug. 05, 2022 USD ($)	Jul. 08, 2022 USD ($)	Apr. 12, 2022 USD ($)	Apr. 01, 2022 USD ($)
Payments to Acquire Oil and Gas Property		$ 353,689	$ 1,314,883
Oil and Gas Payments [Member] | Chicorica [Member]
Amount Payable, Agreement				$ 30,000	$ 35,000	$ 30,000	$ 30,000
Related Party Transaction, Amounts of Transaction			$ 30,000
Purchase and Sale Agreement [Member] | Progressive [Member]
Acquisition, Number of Well Bores	34
Payments to Acquire Oil and Gas Property	$ 726,298
Option Agreement, Acquire Oil and Gas Assets, Payment, Percentage of Net Revenue	3%
Logan 1 Project [Member] | Progressive [Member]
Additional Progressive Receivable	$ 350,000

Note 3 - Oil and Gas Properti_4

Note 3 - Oil and Gas Properties - Schedule of Oil and Gas Properties (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
Leasehold Improvements, Oil and Gas Properties [Member] | Chicorica, LLC [Member]
Leasehold Improvements - Chico Rica, LLC	$ 40,000
Leasehold Improvements - Chico Rica, LLC	0
Leasehold Improvements - Chico Rica, LLC	40,000
Leasehold Improvements, Oil and Gas Properties [Member] | Undeveloped [Member]
Leasehold Improvements - Chico Rica, LLC	62,596
Leasehold Improvements - Chico Rica, LLC	1,377
Leasehold Improvements - Chico Rica, LLC	63,973
Lease Acquisition Costs , Logan County Project I [Member]
Leasehold Improvements - Chico Rica, LLC	1,358,078
Leasehold Improvements - Chico Rica, LLC	381,326
Leasehold Improvements - Chico Rica, LLC	1,739,404
Asset Retirement Obligation, True Up [Member]
Leasehold Improvements - Chico Rica, LLC	0
Leasehold Improvements - Chico Rica, LLC	1,348
Leasehold Improvements - Chico Rica, LLC	1,348
Oil and Gas Properties [Member]
Leasehold Improvements - Chico Rica, LLC	353,689
(Accumulated depletion)	0
(Accumulated depletion)	(30,362)
(Accumulated depletion)	(30,362)
Total oil and gas related assets	1,460,674
Total oil and gas related assets	$ 1,814,363

Note 4 - Income Taxes (Details

Note 4 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 30, 2022
Deferred Tax Assets, Gross	$ 1,485,000	$ 1,033,000
Effective Income Tax Rate Reconciliation, Percent	25.63%
Cumulative Operating Loss Carryforwards, Net	$ 5,793,000	$ 4,029,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent	4.63%
Operating Loss Carryforwards	$ 5,793,000

Note 4 - Income Taxes Note 4 -

Note 4 - Income Taxes Note 4 - Income Taxes - Net Deferred Tax Assets (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Net operating loss carry forward	$ 1,485,000	$ 1,033,000
Valuation allowance	(1,485,000)	(1,033,000)
Net deferred income tax asset	$ 0	$ 0

Note 4 - Income Taxes - Reconci

Note 4 - Income Taxes - Reconciliation of Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Tax benefit at effective rate	$ 453,000	$ 408,000
Change in valuation allowance	(453,000)	(408,000)
Provision for income taxes	$ 0	$ 0

Note 5 - Common Stock (Details

Note 5 - Common Stock (Details Textual) - USD ($)								12 Months Ended
	Jan. 12, 2024	Dec. 29, 2023	Sep. 30, 2023	Jul. 01, 2023	Apr. 10, 2023	Oct. 15, 2022	Sep. 02, 2022	Dec. 31, 2023	Dec. 31, 2022	Feb. 11, 2023
Capital Stock, Shares Authorized								75,000,000
Preferred Stock, Shares Authorized (in shares)								10,000,000	10,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share)								$ 0.001
Common Stock, Shares Authorized (in shares)								65,000,000	65,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share)								$ 0.001	$ 0.001	$ 0.001
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture								$ 485,010	$ 308,720
Stock Issued During Period, Value, Settlement of Liabilities								$ 354,260
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)								134,145
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)								$ 2.86
Share Price (in dollars per share)			$ 2.01
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price (in dollars per share)		$ 5
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term								9 years 9 months 18 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value								$ 0
Stock Issued During Period, Shares, New Issues									2,504,500
Stock Issued During Period, Value, New Issues									$ 2,504,500
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price (in dollars per share)		$ 5	$ 2.01
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term (Year)		10 years	10 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate		204%	182%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Discount Rate		3.84%	4.61%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate		0%	0%
President [Member]
Stock Issued During Period, Shares, Settlement of Liabilities					70,852
Shares Issued, Price Per Share					$ 5
Stock Issued During Period, Value, Settlement of Liabilities					$ 354,260
Consultant [Member]
Stock Issued During Period, Shares, Issued for Services							60,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount								$ 20,000	40,000
Consultant Two [Member]
Stock Issued During Period, Shares, Issued for Services								18,000
Consulting Agreement, Compensation Per Month						$ 10,000
Consulting Agreement, Shares Issued Per Month						2,000
Subscription Liability								$ 6,000
Share-Based Payment Arrangement, Expense								24,000	$ 5,000
Stock Issued During Period, Value, Issued for Services								$ 5,000
Kelloff Oil & Gas, LLC [Member]
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture (in shares)									78,720
Stock Issued During Period, Shares, Issued for Services									29,000
Stock Issued During Period, Value, Issued for Services									$ 29,000
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition									$ 78,720
Director [Member]
Stock Issued During Period, Shares Per Month Per Director (in shares)								4,000
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture (in shares)								72,000	156,000
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture								$ 72,000	$ 156,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Granted Yearly, Intrinsic Value				$ 150,000
Director [Member] | Subsequent Event [Member]
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture (in shares)	40,000
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	$ 40,000
Board of Directors [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)		38,085	96,060
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)		10 years	10 years
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)		$ 5	$ 2.01
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Grant Date Fair Value		$ 187,510	$ 187,501
Robert J. Flynn Jr. [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)		7,617	19,212
Lacie Kellogg [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)		7,617	19,212
Mark Timm [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)		7,617	19,212
Isaac Dietrich [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)		7,617	19,212
Richard Nummi [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)		7,617	19,212

Note 5 - Common Stock - Summary

Note 5 - Common Stock - Summary of Stock Option Activity (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Granted (in shares) | shares	134,145
Granted (in dollars per share) | $ / shares	$ 2.86
Outstanding at December 31, 2023 (in shares) | shares	134,145
Outstanding at December 31, 2023 (in dollars per share) | $ / shares	$ 2.86

Note 6 - Related Party Transa_3

Note 6 - Related Party Transactions (Details Textual)				12 Months Ended
	Jan. 12, 2024 shares	Apr. 10, 2023 USD ($) $ / shares shares	Feb. 25, 2022 USD ($) $ / shares	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2022 USD ($) $ / shares	Oct. 23, 2023 USD ($) $ / shares	Oct. 03, 2023 USD ($)	Feb. 11, 2023 $ / shares	Aug. 05, 2022 USD ($)	Jul. 08, 2022 USD ($)	Apr. 12, 2022 USD ($)	Apr. 01, 2022 USD ($)	Jun. 01, 2021 USD ($) $ / shares
Repayments of Related Party Debt				$ 0	$ 10,000
Interest Payable, Current				136,100	22,183
Stock Issued During Period, Value, Settlement of Liabilities				354,260
Amortization of Debt Discount (Premium)				$ 104,238	$ 99,346
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares				$ 0.001	$ 0.001			$ 0.001
Debt Instruments, Convertible, Discount Rate to Weighted Price Average						10%
Derivative Liability, Current				$ 0	$ 0
Convertible Credit Line Payable, Related Party [Member]
Debt Instrument, Face Amount													$ 1,500,000
Debt Instrument, Interest Rate, Stated Percentage													7%
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares								$ 1.5					$ 4
Amortization of Debt Discount (Premium)					11,100
Debt Instrument, Unamortized Discount					0
Repayments of Long-Term Lines of Credit					168,328
Interest Paid, Capitalized, Investing Activities					53,275
Long-Term Line of Credit				703,430	0
Interest Payable				22,183
Revolving Credit Facility 20 Shekels [Member]
Debt Instrument, Face Amount						$ 500,000
Debt Instrument, Interest Rate, Stated Percentage						12%
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares						$ 5
Interest Payable				12,513
Long-Term Debt, Gross							$ 142,235
Notes Payable				254,028
Secured Senior Secured Convertible Note [Member]
Debt Instrument, Face Amount			$ 5,000,000
Debt Instrument, Interest Rate, Stated Percentage			7.25%
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares			$ 5
Amortization of Debt Discount (Premium)				32,631	27,624
Debt Instrument, Unamortized Discount				5,006	37,638
Interest Payable				79,225	0
Long-Term Debt, Gross				413,206	413,206
Notes Payable				1,303,967	1,199,729
Debt Instrument, Convertible, Number of Equity Instruments			1,000,000
Derivative Liability, Current				65,262	65,262
Related Party Advances and Promissory Note Converted into 7.25% Note [Member]
Debt Conversion, Original Debt, Amount				0	819,956
AEI Management, Inc. [Member]
Cash and Noncash Proceeds from Related Party Debt				0	88,956
Repayments of Related Party Debt					$ 10,000
AEI Management, Inc. [Member] | Senior Secured Note Purchase Agreement [Member]
Debt Instrument, Interest Rate, Stated Percentage					7.25%
AEI Management, Inc. [Member] | Transactions Documents [Member]
Debt Instrument, Face Amount					$ 413,206
Debt Instrument, Interest Rate, Stated Percentage					7.25%
AEI Management, Inc. [Member] | Related Party Advances Converted into 7.25% Note [Member]
Debt Conversion, Original Debt, Amount			$ 413,206		$ 413,206
President [Member]
Cash and Noncash Proceeds from Related Party Debt				135,381	31,280
Debt Conversion, Original Debt, Amount				135,381
Interest Payable, Current				6,854
Accounts Payable				0	328,375
Stock Issued During Period, Shares, Settlement of Liabilities | shares		70,852
Shares Issued, Price Per Share | $ / shares		$ 5
Stock Issued During Period, Value, Settlement of Liabilities		$ 354,260
President [Member] | Secured Senior Secured Convertible Note [Member]
Debt Instrument, Interest Rate, Stated Percentage			7.25%
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares			$ 5
Amortization of Debt Discount (Premium)				71,607	60,621
Debt Instrument, Unamortized Discount			$ 143,214	10,986	82,593
Long-Term Debt, Gross					$ 906,754
President [Member] | Transactions Documents [Member]
Debt Instrument, Interest Rate, Stated Percentage					7.25%
President [Member] | Related Party Advances Converted into 7.25% Note [Member]
Debt Conversion, Original Debt, Amount			500,000		$ 325,580
President [Member] | Related Party Promissory Note Converted into 7.25% Note [Member]
Debt Conversion, Original Debt, Amount			406,750
President [Member] | Related Party Advances and Promissory Note Converted into 7.25% Note [Member]
Debt Conversion, Converted Instrument, Amount			$ 906,750
Related Party [Member]
Accounts Payable				0	0
Leaverite Exploration [Member]
Accounts Payable					203,484
Director [Member]
Subscription Liability				$ 40,000
Director [Member] | Subsequent Event [Member]
Stock Issued During Period, Shares, Issued for Services | shares	40,000
The 20 Sheckels Inc. [Member] | Senior Secured Note Purchase Agreement [Member]
Debt Instrument, Face Amount					$ 906,754
Debt Instrument, Interest Rate, Stated Percentage					7.25%
Oil and Gas Payments [Member] | Chicorica [Member]
Amount Payable, Agreement									$ 30,000	$ 35,000	$ 30,000	$ 30,000
Related Party Transaction, Amounts of Transaction					$ 30,000

Note 6 - Related Party Transa_4

Note 6 - Related Party Transactions - Schedule of Debt Maturities (Details)	Dec. 31, 2023 USD ($)
2024	$ 2,783,988
2025	703,430
2026	0
2027 and thereafter	0
2028 and thereafter	0
Total	$ 3,487,418

Note 7 - Convertible Note Pay_2

Note 7 - Convertible Note Payable (Details Textual) - USD ($)	Jun. 25, 2020	Dec. 31, 2023	Dec. 31, 2022
Convertible Notes Payable, Current		$ 1,210,000	$ 1,210,000
Notes Issued for Acquisition [Member]
Convertible Notes Payable, Current			1,210,000
Interest Payable			$ 22,882
Oklahoma Oil and Gas Assets [Member] | Pure and ZQH [Member]
Business Combination, Consideration Transferred	$ 1,000,000

Note 8 - Derivative Liability_2

Note 8 - Derivative Liability (Details Textual)	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2021 USD ($)
Derivative Liability, Current	$ 0	$ 0
Gain on Derivative Instruments, Pretax	171,712
Equity, Attributable to Parent	$ (1,338,624)	$ (2,748,004)	$ (2,613,460)
Convertible Notes Payable 1 [Member] | Measurement Input, Share Price [Member] | Minimum [Member]
Embedded Derivative Liability, Measurement Input	1
Convertible Notes Payable 1 [Member] | Measurement Input, Share Price [Member] | Maximum [Member]
Embedded Derivative Liability, Measurement Input	5
Convertible Notes Payable 1 [Member]
Embedded Derivative, Gain on Embedded Derivative	$ 171,712
Convertible Notes Payable 1 [Member] | Measurement Input, Price Volatility [Member] | Minimum [Member]
Embedded Derivative Liability, Measurement Input	1.80
Convertible Notes Payable 1 [Member] | Measurement Input, Price Volatility [Member] | Maximum [Member]
Embedded Derivative Liability, Measurement Input	2.61
Convertible Notes Payable 1 [Member] | Measurement Input, Discount Rate [Member] | Minimum [Member]
Embedded Derivative Liability, Measurement Input	0.0392
Convertible Notes Payable 1 [Member] | Measurement Input, Discount Rate [Member] | Maximum [Member]
Embedded Derivative Liability, Measurement Input	0.0476
Derivative Liabilities Transferred to Equity [Member]
Equity, Attributable to Parent	$ 181,805

Note 8 - Derivative Liability -

Note 8 - Derivative Liability - Schedule of Derivative Liability Activity (Details) - Derivative Financial Instruments, Liabilities [Member]	12 Months Ended
	Dec. 31, 2022 USD ($)
Balance at December 31, 2021	$ 145,041
Debt discount on senior secured notes payable	208,476
us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet	(181,805)
Gain on change in derivative fair value adjustment	(171,712)
Balance at December 31, 2022	$ 0

Note 9 - Commitments and Cont_2

Note 9 - Commitments and Contingencies (Details Textual) - USD ($)		12 Months Ended
	May 23, 2023	Dec. 31, 2022
Alleged Breach of Employment Agreement [Member]
Loss Contingency, Damages Sought, Value	$ 39,247
Loss Contingency, Damages Sought, Shares	22,250
President [Member]
Annual Officer Salary		$ 120,000
Annual Officer Salary, Percent of Increase Per Year		10%
Annual Officer Salary, Period for Salary Increase		5 years
Employee Benefits, Health Insurance Per Month		$ 750
Employee Benefits, Annual Employee Stock Bonus		25,000
Employee Benefits, Royalty Interest Percent on Each Future Producing Well		0.03125%