v3.24.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenue    
Power generation units and parts $ 18,631,593 $ 9,000,562
Service and repairs 12,380,706 11,053,476
Oil and gas 1,042,024 3,984,122
Total revenue 32,054,323 24,038,160
Operating expenses    
Cost of goods sold 21,340,506 13,627,457
Lease operating costs 658,505 1,633,765
General and administrative 14,874,892 14,830,317
Stock based compensation 0 1,614,334
Impairment of oil and gas properties 347,050 0
Impairment of intangible assets 669,710 451,772
Depreciation, depletion & amortization 1,002,562 1,499,166
Accretion - asset retirement obligation 155,463 55,521
Total operating expenses 39,048,688 33,712,332
Loss from operations (6,994,365) (9,674,172)
Other income (expense)    
Interest expense (1,408,096) (638,346)
Amortization of debt discount (1,711,518) (99,695)
Change in fair value of derivative liability (9,150,459) 0
(Loss) gain on disposal of membership interests and assets 854,465 (7,747,347)
Loss on extinguishment of debt (605,507) 0
Goodwill impairment (14,486,745) 0
Interest and other income 480,413 801,301
Total other expense, net (26,027,447) (7,684,087)
Net loss before income taxes (33,021,812) (17,358,259)
Income tax benefit (expense) 0 0
Net loss (33,021,812) (17,358,259)
Net loss attributable to non-controlling interest (371,847) (1,930,930)
Net loss attributable to Camber Energy, Inc. $ (32,649,965) $ (15,427,329)
Loss per common share, basic and diluted $ (0.46) $ (0.35)
Weighted average number of common shares outstanding, basic and diluted 71,380,635 44,645,990

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