v3.25.2
Segment Reporting
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting

Note 12 – Segment Reporting

 

The Company operates in two reportable segments: Energy Infrastructure and Mobile Fuel Delivery. The Company’s segments were determined based on the economic characteristics of its products and services, its internal organizational structure, the manner in which operations are managed and the criteria used by the Company’s Chief Operating Decision Maker (CODM) to evaluate performance, which include revenue, gross margin, and operating profit.

 

Mobile Fueling

 

The Company’s mobile fueling segment provides on-demand fuel delivery services through a growing fleet of fuel trucks operating across a national footprint. These operations serve commercial fleets and other customers, offering a more efficient, time-saving alternative to traditional fueling stations. The Company is integrating sustainable energy solutions into its fueling operations, with the goal of assisting customers in transitioning to electric vehicles and incorporating advanced technologies such as wireless EV charging to enhance service efficiency and support the adoption of clean energy.

 

Energy Infrastructure

 

The Company’s energy infrastructure segment focuses on the development, deployment, and operation of AI/ML-powered smart microgrids, solar energy systems, battery storage, and wireless EV charging solutions. These systems are designed to improve grid resiliency, optimize energy use, reduce costs, and increase access to reliable, sustainable power for commercial, industrial, municipal, and tribal customers. Revenue is generated primarily through power purchase agreements, leases, and technology licensing, with projects spanning utility-scale installations, community energy systems, and integration of distributed energy resources.

 

 

The following tables present certain financial information related to our reportable segments:

 

   Energy Infrastructure   Mobile Fuel Delivery   Total 
   As of June 30, 2025 
   Energy Infrastructure   Mobile Fuel Delivery   Total 
Cash  $773,314   $1,879,524   $2,652,838 
Accounts receivable - net   -    3,047,133    3,047,133 
Inventory   -    227,070    227,070 
Prepaids and other   -    2,275,237    2,275,237 
Property and equipment - net   51,762    6,448,533    6,500,295 
Intangible assets - net   4,829,998    -    4,829,998 
Project Deposit   3,929,161    -    3,929,161 
Operating lease - right-of-use asset   -    1,569,992    1,569,992 
Operating lease - right-of-use asset - related party   -    262,474    262,474 
Deposits   -    226,865    226,865 
                
Total Assets  $9,584,235   $15,936,828   $25,521,063 

 

             
   For the six months ended June 30, 2025 
   Energy Infrastructure   Mobile Fuel Delivery   Total 
Sales - net   -    35,964,241    35,964,241 
                
Cost of sales   -    33,876,457    33,876,457 
General and administrative expenses   3,095,143    8,724,033    11,819,176 
Stock based compensation   -    25,499,097    25,499,097 
Depreciation and amortization   232,567    1,056,521    1,289,088 
Total costs and expenses   3,327,710    69,156,108    72,483,818 
                
Interest income   41    -    41 
Other income   75,750    (985,060)   (909,310)
Gain (loss) on settlement   

-

    

(1,134,944

)   

(1,134,944

)
Interest expense (including amortization of debt discount)   (2,867,909)   (4,774,519)   (7,642,428)
Total other income (expense) - net   (2,792,118)   (5,759,580)   (8,551,698)
                
Net loss   (6,119,828)   (38,951,447)   (45,071,275)

 

 

   Energy Infrastructure   Mobile Fuel Delivery   Total 
   As of June 30, 2024 
   Energy Infrastructure   Mobile Fuel Delivery   Total 
Cash   52,844    438,111   $1,612,117 
Accounts receivable - net   -    1,614,664    1,614,664 
Inventory   -    126,400    126,400 
Prepaids and other   -    42,509    42,509 
Property and equipment - net   63,833    7,475,674    7,539,507 
Intangible assets - net   5,053,332    -    5,053,332 
Deposit on future asset purchase   -    2,035,283    2,035,283 
Project Deposit   -    -    3,929,161 
Operating lease - right-of-use asset   -    61,151    61,151 
Operating lease - right-of-use asset - related party   -    314,957    314,957 
Deposits   -    49,041    49,041 
                
Total Assets   5,170,009    12,157,790   $22,378,122 

 

   Energy Infrastructure   Mobile Fuel Delivery   Total 
   For the six months ended June 30, 2024 
   Energy Infrastructure   Mobile Fuel Delivery   Total 
Sales - net   -    13,991,897    13,991,897 
                
Cost of sales   -    12,982,785    12,982,785 
General and administrative expenses   1,401,136    3,043,430    4,444,566 
Stock based compensation   -    251,334    251,334 
Depreciation and amortization   232,930    540,891    773,821 
Total costs and expenses   1,634,066    16,818,440    18,452,506 
                
Interest income   -    -    - 
Other income   1    124,250    124,251 
Interest expense (including amortization of debt discount)   (1,393,717)   (2,561,562)   (3,955,279)
Total other income (expense) - net   (1,393,716)   (2,437,312)   (3,831,028)
                
Net loss   (3,027,782)   (5,263,855)   (8,291,637)