6. PROPERTY, PLANT, AND EQUIPMENT |
6 Months Ended | ||||||||||||||||||||||||||||||||
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Jun. 30, 2025 | |||||||||||||||||||||||||||||||||
| Notes | |||||||||||||||||||||||||||||||||
| 6. PROPERTY, PLANT, AND EQUIPMENT | 6.PROPERTY, PLANT, AND EQUIPMENT
Property, plant, and equipment is comprised of the following:
Eagle Springs Refinery consists of tanks, buildings, refining processing equipment, shop, lab and equipment. For Eagle Springs Refinery, each class of property, plant and equipment is estimated to have a useful life of 5 years and are being amortized over a straight-line basis.
Depreciation and amortization expense totaled $315,450 and $174,580 for the three months ended June 30, 2025 and 2024, and $538,356 and $331,336 for the six months ended June 30, 2025 and 2024,respectively. |