RELATED PARTY TRANSACTIONS |
9 Months Ended |
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Sep. 30, 2023 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS |
NOTE 13. RELATED PARTY TRANSACTIONS
On January 31, 2022, Board Member Leo Womack purchased 2,500 shares of Series C Preferred Stock for cash of $25,000.
Accounts payable – related party increased during the first nine months of 2023. Expenses exceeded revenue at our Utikuma asset, which increased our payable to the operator of the asset, Blue Sky Resources. Accrued liabilities – related party include accrued board fees and interest expense owed to related parties.
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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