v3.25.1
Note 3 - Notes Receivable and Advances, Net
3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 3                  NOTES RECEIVABLE 

 

Notes receivable at March 31, 2025 and  December 31, 2024 include:

 

  

March 31, 2025

  

December 31, 2024

 

RenFuel K2B AB note receivable

 $1,880,000  $1,450,000 

Daney Ranch note receivable

  980,291   980,291 

Total notes receivable

 $2,860,291  $2,430,291 

 

RenFuel K2B AB (RenFuel)

 

During the three-months ended  March 31, 2025, the Company funded $430,000 associated with the Senior Secured Convertible Note. For the three-months ended March 31, 2025 and 2024, the Company recognized interest income of $29,344 and $4,267, respectively. As of  March 31, 2025 and December 31, 2024, interest receivable on the note is $87,348 and $58,004, respectively, and is included in prepaid expenses and other current assets on our condensed consolidated balance sheet.