21. DISAGGREGATED REVENUE

12 Months Ended

Dec. 31, 2024

21. DISAGGREGATED REVENUE

21. DISAGGREGATED REVENUE

Revenue consisted of the following refined product types sold domestically in the Southwest USA region for the years ended December 31:

	2024	2023
Diesel	`$8,624,347`	`$18,710,126`
Liquid asphalt	`7,162,637`	`15,214,697`
VGO	`5,815,614`	`12,218,792`
Naphtha	`1,718,305`	`4,486,709`
Other	`43,285`	`101,565`
	`$23,364,188`	`$50,731,889`

The company refines crude oil to produce several key products, including Diesel, Liquid Asphalt, Vacuum Gas Oil (VGO), and Naphtha, each with distinct industrial applications. Diesel is used primarily in transportation and industrial sectors, while Liquid Asphalt is essential for road construction and roofing. VGO serves as an intermediate product for further refining, and Naphtha is used as a feedstock for gasoline production and petrochemicals.