| SCHEDULE OF DISAGGREGATED EXPENSES |
Cost of sales consisted of the following for the three and six months ended June 30:
| Three Months
Ended
June 30, 2025
| Three Months
Ended
June 30, 2024
|
| Six Months
Ended
June 30, 2025
| Six Months
Ended
June 30, 2024
|
|
Crude Oil
| $2,729,208
| $2,444,374
|
| $7,513,308
| $10,900,398
|
|
Fuels and chemicals
| 379,887
| 185,059
|
| 811,733
| 16,273
|
|
Freight out
| 435,180
| 297,492
|
| 1,189,269
| 1,556,476
|
|
Freight in
| 361,331
| 172,557
|
| 823,715
| 584,410
|
|
Salary and wages
| 338,683
| 341,327
|
| 629,641
| 656,781
|
|
Depreciation and amortization
| 311,372
| 304,227
|
| 552,510
| 236,944
|
|
Repairs and maintenance
| 91,011
| 80,876
|
| 159,641
| 207,731
|
|
Other
| 11,768
| 34,921
|
| 37,682
| 84,701
|
|
| $4,658,440
| $3,860,833
|
| $11,717,499
| $14,243,714
|
|
General and administrative expenses consisted of the following for the three and six months ended June 30:
| Three Months
Ended
June 30, 2025
| Three Months
Ended
June 30, 2024
|
| Six Months
Ended
June 30, 2025
| Six Months
Ended
June 30, 2024
|
|
Professional fees
| $498,987
| $9,383
|
| $1,464,073
| $537,678
|
|
Executive compensation
| 773,061
| 592,555
|
| 1,406,691
| 1,251,030
|
|
Insurance
| 160,918
| 163,854
|
| 323,693
| 336,170
|
|
Travel
| 46,744
| 68,613
|
| 104,148
| 131,496
|
|
Lease and utilities
| 55,335
| 56,834
|
| 114,610
| 63,964
|
|
Other
| 35,534
| 14,402
|
| 60,888
| 56,569
|
|
Bank charges
| 1,501
| 14,492
|
| 6,924
| 124,637
|
|
Licenses
| 14,102
| 20,210
|
| 15,165
| 22,684
|
|
Auto
| 34,514
| 31,035
|
| 58,234
| 55,034
|
|
| $1,620,696
| $971,378
|
| $3,554,426
| $2,579,262
|
|
Professional fees included the following for the three and six months ended June 30:
| Three Months
Ended
June 30, 2025
| Three Months
Ended
June 30, 2024
| Six Months
Ended
June 30, 2025
| Six Months
Ended
June 30, 2024
|
Business development
| $265,183
| $(158,115)
| $1,002,564
| $2,004
|
Auditor
| 78,969
| 45,490
| 236,974
| 223,155
|
Legal
| 89,967
| 42,024
| 83,103
| 97,399
|
Membership and subscriptions
| 31,435
| 13,806
| 61,057
| 40,093
|
Tax
| 3,350
| -
| 30,017
| -
|
Environmental
| 16,493
| 16,547
| 21,841
| 62,638
|
Investor relations
| 10,540
| 41,325
| 20,742
| 72,205
|
Other
| 3051
| 8,307
| 7,774
| 40,184
|
| $498,987
| $9,383
| $1,464,073
| $537,678
|
|