v3.23.3
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Power generation units and parts $ 6,742,182 $ 3,278,966 $ 14,502,388 $ 6,913,093
Service and repairs 3,155,064 2,763,886 9,199,965 8,086,449
Oil and gas sales 233,824 117,854 705,230 3,666,726
Total revenue 10,131,070 6,160,706 24,407,583 18,666,268
Operating expenses        
Cost of goods sold 6,653,715 4,817,640 16,256,686 9,871,239
Lease operating costs 207,931 243,679 534,123 1,429,847
General and administrative 3,557,486 2,727,655 10,064,707 11,208,417
Stock based compensation   1,025,464 0 1,614,334
Depreciation, depletion and amortization 237,361 313,191 698,061 1,326,661
Accretion - Asset Retirement Obligation 17,961 26,238 67,599 107,869
Total operating expenses 10,674,454 9,153,867 27,621,176 25,558,367
Loss from operations (543,384) (2,993,161) (3,213,593) (6,892,099)
Other income (expense)        
Interest expense, net (421,348) (154,022) (757,503) (507,067)
Amortization of debt discount (608,002) (2,400) (873,776) (97,296)
Change in fair value of derivative liability (5,986,536) 0 (5,803,791) 0
Net loss on sale of oil and gas properties and fixed assets 1,475,000 (7,744,680) 0 (7,744,680)
Loss on extinguishment of debt (442,203) 0 (605,507) 0
Goodwill impairment (14,486,745) 0 (14,486,745) 0
Other income 124,130 33,576 468,487 545,431
Total other expense, net (21,820,704) (7,867,526) (22,058,835) (7,803,612)
Net loss before income taxes (22,364,088) (10,860,687) (25,272,428) (14,695,711)
Income tax benefit (expense) 0 0 0 0
Net loss (22,364,088) (10,680,687) (25,272,428) (14,695,711)
Net income (loss) attributable to non-controlling interest 298,220 (583,774) (66,355) (1,132,628)
Net loss attributable to Camber Energy, Inc. $ (22,662,308) $ (10,276,913) $ (25,206,073) $ (13,563,083)
Loss per share of common stock        
Basic and Diluted $ (0.28) $ (0.23) $ (0.43) $ (0.30)
Weighted average number of shares of common stock outstanding        
Basic and Diluted 81,321,320 44,852,609 58,140,435 44,575,342

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