美国能源 2025年度报告

FORM 10-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THESECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2025 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to _______________ Commission File Number 000-06814 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the Company was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer” “smaller reporting company”and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☒Emerging growth company☐ Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act☐ Table of Contents Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☒ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ The aggregate market value of the voting and non-voting common equity held by non-affiliates of the Registrant, based upon the closing priceof the shares of common stock on the NasdaqCapital Marketas of June 30, 2025, the last business day of the most recently completed secondfiscal quarter, based on the closing sales price on such date of $1.40,was $19,139,919. For purposes of calculating the aggregate market valueof shares held by non-affiliates, we have assumed that all outstanding shares are held by non-affiliates, except for shares held by each of ourexecutive officers, directors and 5% or greater stockholders. In the case of 5% or greater stockholders, we have not deemed such stockholdersto be affiliates unless there are facts and circumstances which would indicate that such stockholders exercise any control over our company, orunless they hold 10% or more of our outstanding common stock. These assumptions should not be deemed to constitute an admission that allexecutive officers, directors and 5% or greater stockholders are, in fact, affiliates of our company, or that there are not other persons who maybe deemed to be affiliates of our company. Further information concerning shareholdings of our officers, directors and principal shareholdersis included or incorporated by reference in Part III, Item 12 of this Annual Report on Form 10-K. The Registrant had 44,269,192shares of its $0.01 par value common stock outstanding as of March 6, 2026. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive proxy statement relating to its2026annual meeting of stockholders (the “2026Proxy Statement”) areincorporated by reference into Part III of this Annual Report on Form 10-K where indicated. The2026Proxy Statement will be filed with theU.S. Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates. TABLE OF CONTENTS Cautionary Statement Regarding Forward-Looking StatementsGlossary of Oil,Natural and IndustrialGas Terms Part I