22. DISAGGREGATED EXPENSES

12 Months Ended

Dec. 31, 2024

22.DISAGGREGATED EXPENSES

Cost of sales consisted of the following for the years ended December 31:

	2024	2023
Crude oil	`$17,559,084`	`$34,109,233`
Freight in	`2,591,838`	`2,155,841`
Freight out	`1,214,412`	`5,712,772`
Salary and wages	`1,154,223`	`1,482,445`
Depreciation and amortization	`787,560`	`559,336`
Fuels and chemicals	`698,973`	`2,478,479`
Repairs and maintenance	`359,078`	`176,483`
Other	`294,803`	`1,716,727`
Automobile	`99,559`	`408`
	`$24,759,530`	`$48,391,724`

Cost of goods sold for the year ended December 31, 2023, includes depreciation expense of $559,336 that was previously classified within operating expenses on the Company’s consolidated statements of operations.

General and administrative expenses consisted of the following for the years ended December 31:

	2024	2023
Professional fees	`$2,399,655`	`$1,002,639`
Executive compensation	`2,289,510`	`1,964,817`
Insurance	`639,799`	`187,219`
Travel expenses	`255,497`	`195,209`
Lease and utilities	`179,151`	`87,542`
Other	`171,196`	`246,710`
Bank charges	`142,706`	`-`
Licenses	`44,441`	`18,607`
	`$6,121,955`	`$3,702,743`

General and administrative expense for the year ended December 31, 2023, includes stock-based compensation expense of $634,783 that was previously classified separately within operating expenses on the Company’s consolidated statements of operations.

For the years ended December 31, professional fees include:

	2024	2023
Advertising and marketing	`$863,205`	`$-`
Auditor	`377,207`	`345,126`
Legal	`372,746`	`136,333`
Business development	`231,735`	`363,441`
Investor relations	`257,555`	`6,000`
Membership and subscriptions	`91,133`	`25,006`
Other	`83,346`	`71,133`
Environmental	`77,174`	`-`
Transfer agent	`29,620`	`25,116`
Tax	`15,935`	`30,485`
	`$2,399,655`	`$1,002,639`

Executive compensation from stock-based compensation for the years ended December 31, 2024 and 2023, totaled $201,177 and $132,421, respectively.