Annual report pursuant to Section 13 and 15(d)

Prepayments and Other Current Assets (Details)

v3.21.2
Prepayments and Other Current Assets (Details) - USD ($)
12 Months Ended
Aug. 11, 2021
Jul. 08, 2021
Aug. 31, 2021
Prepayments and Other Current Assets (Details) [Line Items]      
Total consideration     $ 3,000,000
Cash payment     1,907,000
Outstanding balance     $ 1,093,000
Amount of prepayments and other current assets $ 500,000 $ 500,000  
Letter Agreement [Member]      
Prepayments and Other Current Assets (Details) [Line Items]      
Prepayments and other current assets , description     In terms of a letter agreement dated April 17, 2020 between the transferor of the oil and gas leases and TMC, as transferee, due to uncertainty as to whether all of the 10 leases which the Company had initially paid deposits for are available, an adjustment to the purchase price has been agreed upon as follows: (i) should all 10 of the leases be available, the Company will pay the additional $1,093,000 for the rights under the leases; (ii) if only a portion of the leases ranging from 4 to 9 of the leases are available, the Company will adjust the final purchase price of the leases to between $1.5 million and $2.5 million; and (iii) notwithstanding the above, if after a period of 7 years from April 17, 2020, if at least six of the leases are not available to the Company, then the Company may demand a refund of $1.2 million or instruct the Seller to acquire other leases in the same area for up to $1.2 million. 
Business Combination [Member] | Bureau of Land Management [Member]      
Prepayments and Other Current Assets (Details) [Line Items]      
Acquisition of operating rights, description     Included in prepayments and other current assets are cash deposits of $1,907,000 (acting through its wholly owned subsidiary, TMC Capital LLC (“TMC”), for the acquisition of 100% of the operating rights under U.S. federal oil and gas leases, administered by the U.S. department of Interiors’ Bureau of Land Management in Garfield and Wayne Counties covering approximately 8,480 gross acres in P.R. Springs and the Tar Sands Triangle within the State of Utah.