0001227282 2025-01-01 2025-12-31 0001227282 dei:BusinessContactMember 2025-01-01 2025-12-31 0001227282 2026-03-30 0001227282 2024-01-01 2024-12-31 0001227282 2025-12-31 0001227282 2024-12-31 0001227282 2023-01-01 2023-12-31 0001227282 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001227282 SPOWF:CommonSharesToBeIssuedMember 2022-12-31 0001227282 us-gaap:RetainedEarningsMember 2022-12-31 0001227282 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001227282 2022-12-31 0001227282 us-gaap:CommonStockMember 2022-12-31 0001227282 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001227282 SPOWF:CommonSharesToBeIssuedMember 2023-12-31 0001227282 us-gaap:RetainedEarningsMember 2023-12-31 0001227282 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001227282 2023-12-31 0001227282 us-gaap:CommonStockMember 2023-12-31 0001227282 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001227282 SPOWF:CommonSharesToBeIssuedMember 2024-12-31 0001227282 us-gaap:RetainedEarningsMember 2024-12-31 0001227282 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0001227282 us-gaap:CommonStockMember 2024-12-31 0001227282 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001227282 SPOWF:CommonSharesToBeIssuedMember 2023-01-01 2023-12-31 0001227282 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001227282 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001227282 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-12-31 0001227282 SPOWF:CommonSharesToBeIssuedMember 2024-01-01 2024-12-31 0001227282 us-gaap:RetainedEarningsMember 2024-01-01 2024-12-31 0001227282 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-12-31 0001227282 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-12-31 0001227282 SPOWF:CommonSharesToBeIssuedMember 2025-01-01 2025-12-31 0001227282 us-gaap:RetainedEarningsMember 2025-01-01 2025-12-31 0001227282 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-12-31 0001227282 us-gaap:AdditionalPaidInCapitalMember 2025-12-31 0001227282 SPOWF:CommonSharesToBeIssuedMember 2025-12-31 0001227282 us-gaap:RetainedEarningsMember 2025-12-31 0001227282 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-12-31 0001227282 us-gaap:CommonStockMember 2025-12-31 0001227282 SPOWF:PeaceRiverMember 2025-12-31 0001227282 SPOWF:PeaceRiverMember 2025-01-01 2025-12-31 0001227282 SPOWF:NorthernAlbertaMember 2025-12-31 0001227282 SPOWF:OneCustomerMember SPOWF:RevenuesMember us-gaap:CustomerConcentrationRiskMember 2025-01-01 2025-12-31 0001227282 us-gaap:FairValueInputsLevel3Member 2025-12-31 0001227282 us-gaap:FairValueInputsLevel3Member 2024-12-31 0001227282 us-gaap:MeasurementInputPriceVolatilityMember 2025-01-01 2025-12-31 0001227282 us-gaap:MeasurementInputPriceVolatilityMember 2024-01-01 2024-12-31 0001227282 us-gaap:MeasurementInputPriceVolatilityMember 2023-01-01 2023-12-31 0001227282 us-gaap:MeasurementInputExpectedTermMember 2025-01-01 2025-12-31 0001227282 us-gaap:MeasurementInputExpectedTermMember 2024-01-01 2024-12-31 0001227282 us-gaap:MeasurementInputExpectedTermMember 2023-01-01 2023-12-31 0001227282 us-gaap:MeasurementInputRiskFreeInterestRateMember 2025-01-01 2025-12-31 0001227282 us-gaap:MeasurementInputRiskFreeInterestRateMember 2024-01-01 2024-12-31 0001227282 us-gaap:MeasurementInputRiskFreeInterestRateMember 2023-01-01 2023-12-31 0001227282 us-gaap:MeasurementInputExpectedDividendRateMember 2025-01-01 2025-12-31 0001227282 us-gaap:MeasurementInputExpectedDividendRateMember 2024-01-01 2024-12-31 0001227282 us-gaap:MeasurementInputExpectedDividendRateMember 2023-01-01 2023-12-31 0001227282 SPOWF:DeboltElktonFormationsMember 2025-12-31 0001227282 SPOWF:RenoAreaMember 2025-12-31 0001227282 SPOWF:CadotteCentralMember 2025-12-31 0001227282 SPOWF:PeaceRiverAreaMember 2025-01-01 2025-12-31 0001227282 2021-12-31 0001227282 SPOWF:VanadiumMember 2025-12-31 0001227282 SPOWF:NotePayableRelatedParty2015Member 2015-12-01 2015-12-31 0001227282 SPOWF:NotePayableRelatedParty2015Member 2025-01-01 2025-12-31 0001227282 SPOWF:NotePayableRelatedParty2015Member 2025-12-31 0001227282 SPOWF:NotePayableRelatedParty2015Member 2024-12-31 0001227282 SPOWF:NotePayableRelatedParty2015Member 2024-01-01 2024-12-31 0001227282 SPOWF:NotePayableRelatedParty2015Member 2023-01-01 2023-12-31 0001227282 SPOWF:NewtonMember 2025-01-01 2025-12-31 0001227282 SPOWF:NewtonMember 2024-01-01 2024-12-31 0001227282 SPOWF:NewtonMember 2023-01-01 2023-12-31 0001227282 SPOWF:NewtonMember 2025-12-31 0001227282 SPOWF:NewtonMember 2024-12-31 0001227282 SPOWF:MichaelRangerMember 2025-01-01 2025-12-31 0001227282 SPOWF:MichaelRangerMember 2024-01-01 2024-12-31 0001227282 SPOWF:MichaelRangerMember 2023-01-01 2023-12-31 0001227282 SPOWF:MichaelRangerMember 2025-12-31 0001227282 SPOWF:MichaelRangerMember 2024-12-31 0001227282 us-gaap:WarrantMember 2022-12-31 0001227282 us-gaap:WarrantMember 2023-01-01 2023-12-31 0001227282 us-gaap:WarrantMember 2023-12-31 0001227282 us-gaap:WarrantMember 2024-01-01 2024-12-31 0001227282 us-gaap:WarrantMember 2024-12-31 0001227282 us-gaap:WarrantMember 2025-01-01 2025-12-31 0001227282 us-gaap:WarrantMember 2025-12-31 0001227282 SPOWF:Plan2016Member 2025-12-31 0001227282 us-gaap:EmployeeStockOptionMember 2022-12-31 0001227282 us-gaap:EmployeeStockOptionMember 2022-01-01 2022-12-31 0001227282 us-gaap:EmployeeStockOptionMember 2023-01-01 2023-12-31 0001227282 us-gaap:EmployeeStockOptionMember 2023-12-31 0001227282 us-gaap:EmployeeStockOptionMember 2024-01-01 2024-12-31 0001227282 us-gaap:EmployeeStockOptionMember 2024-12-31 0001227282 us-gaap:EmployeeStockOptionMember 2025-01-01 2025-12-31 0001227282 us-gaap:EmployeeStockOptionMember 2025-12-31 0001227282 us-gaap:CanadaRevenueAgencyMember 2025-12-31 0001227282 us-gaap:CanadaRevenueAgencyMember 2025-01-01 2025-12-31 0001227282 us-gaap:DomesticCountryMember 2025-01-01 2025-12-31 0001227282 us-gaap:DomesticCountryMember 2024-01-01 2024-12-31 0001227282 us-gaap:DomesticCountryMember 2023-01-01 2023-12-31 iso4217:USD shares iso4217:USD shares pure SPOWF:Integer iso4217:CAD false 2025 FY 0001227282

20-F false true 2025-12-31 --12-31 false false 000-50934 STRATA POWER CORPORATION A1 34334 Forrest Terrace Suite 300 Abbotsford BC CA V2S 1G7 Strata Chief Executive Officer 34334 Forrest Terrace Suite 300 Abbotsford BC CA V2S 1G7 877 237-5443 Common Stock 20085119 No Yes Yes Yes Non-accelerated Filer false false U.S. GAAP false false Risk Management and StrategyThe identification, detection, prevention and remediation of known or potential IT security vulnerabilities, including those arising from third-party hackers, hardware or software, is extremely costly and time consuming. Company does not have the manpower, expertise or financial resources to effectively identify, detect, prevent or remediate cybersecurity risks. No assurance or guarantee whatsoever can be given that Company will not be damaged by the exploitation of its cybersecurity vulnerabilities. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90A_ecyd--CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantTextBlock_c20250101__20251231_zAerc6G5e1L1">During the year ended, we did <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_905_ecyd--CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag_dbF_c20250101__20251231_zxm5ljYw3ng5">not identify any cybersecurity threats that have materially affected or are reasonably likely to materially affect our business strategy, results of operations, or financial condition. However, we may not be aware of all vulnerabilities or might not accurately assess the risks of incidents, and such preventative measures cannot provide absolute security and may not be sufficient in all circumstances or mitigate all potential risks. During the year ended, we did <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_905_ecyd--CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag_dbF_c20250101__20251231_zxm5ljYw3ng5">not identify any cybersecurity threats that have materially affected or are reasonably likely to materially affect our business strategy, results of operations, or financial condition. However, we may not be aware of all vulnerabilities or might not accurately assess the risks of incidents, and such preventative measures cannot provide absolute security and may not be sufficient in all circumstances or mitigate all potential risks. false 5525 Fruci & Associates II, PLLC Spokane, Washington

1464

15785

27546

23936

7354

18002

17847

8571

54211

66294

107928

99873

162139

166167

166

668

11165 38

9901

9075

36024

15169

57256

24950

300000

71157

67857

371157

367857

428413

392807

20085119

23404083

5000 5000

-23268501

-23229914

-406856

-405809

-266274

-226640

162139

166167

76283

135006

199435

22712

12399

28740

505

389

799

46640

115562

180097

2400

2527

2374

27888

25907

22689

100145

156784

234699

3138

5093

4861

33633

724

380

509

618

2308

-4329

4702

-19791

-875

-683

-14725

33013

8987

-38587

11235

-26277

-38587

11235

-26277

-1047

-1838

-769

-39634

9397

-27046

-0.00

0.00

-0.00

0.00

-0.00

20085119

23404083

5000

-23214872

-403202

-208991

-26277

-769

-27046

20085119

23404083

5000

-23241149

-403971

-236037

11235

-1838

9397

20085119

23404083

5000

-23229914

-405809

-226640

-38587

-1047

-39634

20085119

23404083

5000

-23268501

-406856

-266274

-38587

11235

-26277

379

509

531

-19791

-875

-683

3609

4745

9862

-10648

-4045

-17531

9276

1507

-3633

-504

-42338

8745

11127

-15956

-10031

-31888

-20972

3179

5088

4861

-3179

-5088

-4861

-1111

-1250

-1063

-14321

-38226

-26896

15785

54009

80905

1464

15785

54009

NOTE 1. NATURE OF BUSINESS Strata Power Corporation (the “Company”) is currently engaged in the acquisition, exploration and, if warranted, feasible development of heavy oil projects in the Peace River oil sands region in Northern Alberta, Canada. The Company was incorporated under the laws of the State of Nevada on November 18, 1998 and commenced operations in January 1999. The Company completed its initial public offering in February 2000. The Company is presently incorporated under the Canada Business Corporations Act. On December 27, 2018, the Company filed a Certificate of Amendment with Corporations Canada changing its name from Strata Oil & Gas Inc. to Strata Power Corporation. As of December 31, 2025, the Company has a 50% interest in 7 oil sands leases, totaling 8,704 hectares, all located in the Peace River oil sands area. In addition, the Company has a royalty interest in 10 oil sands leases and owns 1 non-producing well.

0.50 7 8,704

NOTE 2. ABILITY TO CONTINUE AS A GOING CONCERN As shown in the accompanying financial statements, the Company has realized some revenue from its present operations. During the year ended December 31, 2025, the Company had a net loss of $38,587, primarily due to a decrease in royalty income that was offset by a decrease in consulting fee expense. The Company had cash flows used in operations of $10,031 and it is possible that the Company will incur negative operating cash flows in the future. The Company has an accumulated deficit of $23,268,501 at December 31, 2025. These conditions raise substantial doubt regarding the Company’s ability to continue as a going concern. The financial statements have been prepared on a going concern basis, which contemplates realization of assets and liquidation of liabilities in the ordinary course of business. The Company's ability to continue as a going concern is dependent on its ability to develop its oil and gas properties and ultimately achieve profitable operations, and to generate sufficient cash flow from financing and operations to meet its obligations as they become payable. The Company expects that it will need approximately $225,000 to fund its operations during the next twelve months, which will include minimum annual property lease payments, expected exploration expenditures for permitting and drilling, as well as operating expenses. Management has plans to seek additional capital through a private placement of its common stock. Although there are no assurances that management’s plans will be realized, management believes that the Company will be able obtain sufficient capital to continue operations in the next 12 months. Accordingly, no adjustment relating to the recoverability and classification of recorded asset amounts and the classification of liabilities has been made to the accompanying financial statements in anticipation of the Company not being able to continue as a going concern.

-38587

-10031

-23268501

225000

NOTE 3. SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate so as to make the information presented not misleading. Management’s Estimates and Assumptions The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the balance sheet date, and revenues and expenses for the period then ended. Management believes that all applicable estimates and adjustments are appropriate. Actual results could differ significantly from those estimates. Concentration of Revenue For the year ended December 31, 2025, the Company had a concentration of revenue related to a single royalty contract, accounting for <span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--RevenuesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneCustomerMember_zcvB0pJSJW82" title="Concentration risk">100% of total revenue. The loss of this contract would have a material adverse effect on future operating results. As of December 31, 2025, 100% of royalty receivables related to this contract. Oil and Gas Property Payments and Exploration Costs All costs incurred in the acquisition, exploration and development of natural gas and oil interests are capitalized as incurred. Capitalized costs associated with proven properties are amortized using the units-of-production method over the estimated life of the probable reserve. Capitalized costs associated with unproved properties are excluded from the amortization calculations and assessed, at least annually, to determine if impairment has occurred, until such time as those costs are proven. Impairment amounts are immediately expensed and no costs have been capitalized through December 31, 2025. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with a maturity of 90 days or less to be cash equivalents. The Company maintains cash and cash equivalent balances with financial institutions that may exceed federally insured limits. There were no cash equivalent balances for the years ended December 31, 2025 or 2024. GST Receivables Goods and Services Tax (GST) receivables are presented net of an allowance for doubtful accounts. Receivables consist of goods and services input tax credits. The allowance for doubtful accounts on GST receivables was $nil at December 31, 2025 and 2024. Royalties Receivables Royalties Receivables consist of amounts due from an unrelated third party related to three oil sands leases that the Company sold and retained a 2.5% gross overriding royalty on all petroleum substances produced from the leases (see Note 4). An allowance for uncollectible receivables is based upon the amount of losses expected to be incurred in the collection of these royalties pursuant to the guidance outlined in ASU 2016-13, Financial Instruments – Credit Losses (ASC 326). This pronouncement replaces the former incurred loss methodology with an expected credit loss methodology that requires consideration of a broader range of information to estimate expected losses over the lifetime of the asset. Management’s evaluation process used to determine the appropriateness of the allowance is complex and requires the use of estimates, assumptions and judgements which are inherently subject to high uncertainty. The estimated losses are calculated based upon a review of the outstanding receivables, including the age of the receivable, historical collection experience and as applicable, current conditions and forecasts that affect collectability. The estimate could require a change based on changing circumstances, including changes in the economy or changes specifically related to the owner of the leases. Specific receivables are written off against the allowance when management determines the account is uncollectible. The allowance for uncollectible receivables was $0 as of December 31, 2025 and 2024. Impairment of Long-lived Assets In accordance with ASC 360, Property, Plant and Equipment, long lived assets such as equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of would be separately presented in the balance sheet and reported at the lower of the carrying amount of fair value less costs to sell and are no longer depreciated. The assets and liabilities of a disposed group classified as held for sale would be presented separately in the appropriate asset and liability sections of the balance sheet. Asset Retirement Obligations In accordance with ASC 410, Asset Retirement and Environmental Obligations, the fair value of an asset retirement cost, and corresponding liability, should be recorded as part of the cost of the related long-lived asset and subsequently allocated to expense using a systematic and rational method. The Company has recorded an asset retirement obligation at December 31, 2025 and 2024 (Note 7) to reflect its legal obligations related to future abandonment of its oil and gas interests using estimated expected cash flow associated with the obligation and discounting the amount using a credit-adjusted, risk-free interest rate. At least annually, the Company will reassess the obligation to determine whether a change in any estimated obligation is necessary. The Company will evaluate whether there are indicators that suggest the estimated cash flows underlying the obligation have materially changed. Should those indicators suggest the estimated obligation has materially changed the Company will accordingly update its assessment. The liability accretes until the Company settles the obligation. Income Taxes The Company follows the asset and liability method of accounting for income taxes whereby deferred tax assets and liabilities are recognized for the future tax consequences of differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. If it is determined that the realization of the future tax benefit is not more likely than not, the Company establishes a valuation allowance. Foreign Exchange Translation The Company's functional currency is the Canadian dollar but reports its financial statements in US dollars. The Company translates its Canadian dollar balances to US dollars in the following manner: Assets and liabilities have been translated using the rate of exchange at the balance sheet date. Equity transactions and results of operations have been translated at historical rates. Translation gains or losses resulting from the changes in the exchange rates are accumulated as other comprehensive income or loss in a separate component of stockholders' equity. All amounts included in the accompanying financial statements and footnotes are stated in U.S. dollars. Derivative Financial Instruments The Company reviews the terms of its equity instruments and other financing arrangements to determine whether there are embedded derivative instruments that are required to be accounted for separately as a derivative financial instrument. Also, in connection with the issuance of financing instruments, the Company has issued freestanding warrants that are accounted for as derivative instrument liabilities because they are exercisable in a currency other than the functional currency of the Company and thus do not meet the “fixed-for-fixed” criteria of ASC 815-40-15. The warrants are exercisable in United States dollars and the Company’s functional currency is the Canadian dollar. Derivative financial instruments are initially measured at their fair value. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to income. For derivative financial instruments, the Company uses the Black-Scholes option pricing model to value the derivative instruments. Any exercise or cancellation of an equity instrument which meets the classification of a derivative financial instrument is trued-up to fair value at that date and the fair value of the exercised instrument is then reclassified from liability to additional paid in capital. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is reassessed at the end of each reporting period. If reclassification is required, the fair value of the derivative instrument, as of the determination date, is reclassified. Any previous charges or credits to income for changes in the fair value of the derivative instrument are not reversed. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date. Stock-Based Compensation In accordance with ASC 718, “Compensation – Stock Compensation” (“ASC 718”), which was adopted as of January 1, 2019, the Company measures all employee stock-based compensation awards, including grants of employee stock options, using a fair value method on the date of grant and recognizes such expense in its financial statements over the requisite service period. The Company uses the Black-Scholes pricing model to determine the fair value of stock-based compensation awards on the date of grant. The Black-Scholes pricing model requires management to make assumptions regarding option lives, expected volatility, and risk-free interest rates. The fair value of the equity instrument is charged directly to compensation expense and credited to additional paid-in capital over the period during which services are rendered. The Company uses historical data to estimate option exercise, forfeiture and employee termination within the valuation model. For non-employees, the expected term of the options approximates the full term of the options. The risk-free interest rate is based on a treasury instrument whose term is consistent with the expected term of the stock options. The Company has not paid and does not anticipate paying dividends on its common stock; therefore, the expected dividend yield is assumed to be zero. In addition, accounting standard requires companies to utilize an estimated forfeiture rate when calculating the expense for the reporting period. Based on its best estimate, management applied the estimated forfeiture rate of nil in determining the expense recorded in the accompanying Statements of Operations and Comprehensive Income (Loss). Expected volatilities are calculated using the historical volatility of the Company’s stock. When applicable, the Company will use historical data to estimate option exercise, forfeiture and employees’ termination within the valuation model. For non-employees, the expected term of the options approximates the full term of the options. Earnings (Loss) Per Share of Common Stock Basic earnings (loss) per share of common stock is computed by dividing net income (loss) available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share of common stock reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. Dilutive potential common shares are calculated in accordance with the treasury stock method, which assumes that proceeds from the exercise of all warrants and options are used to repurchase common stock at market value. The number of shares remaining after the proceeds are exhausted represents the potentially dilutive effect of the securities. For the years ended December 31, 2025 and 2024, all of the outstanding options and warrants had an exercise price above the average stock price for year-end period. Accordingly, all of the potentially dilutive shares were excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company’s income (loss) from continuing operations. Fair Value of Financial Instruments The book values of GST receivables, notes receivable, accounts payable and accrued expenses approximate their respective fair values due to the short-term nature of these instruments. The fair value hierarchy under GAAP distinguishes between assumptions based on market data (observable inputs) and an entity’s own assumptions (unobservable inputs). The hierarchy consists of three levels: <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt"> <tr style="vertical-align: top"> <td style="width: 0.5in">·</td> <td style="text-align: justify">Level one - Quoted market prices in active markets for identical assets or liabilities;</td></tr> <tr style="vertical-align: top"> <td>·</td> <td style="text-align: justify">Level two - Inputs other than level one inputs that are either directly or indirectly observable; and</td></tr> <tr style="vertical-align: top"> <td>·</td> <td style="text-align: justify">Level three - Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use.</td></tr> </table> Determining which category an asset or liability falls within the hierarchy requires significant judgment. Hierarchy disclosures are evaluated at each balance sheet date. Liabilities measured at fair value are summarized as follows as of: <table cellpadding="0" cellspacing="0" id="xdx_89B_eus-gaap--FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock_zzJbdCKdR1Vl" style="border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SIGNIFICANT ACCOUNTING POLICIES (Details - Fair value derivative liabilities)"> <tr style="vertical-align: bottom"> <td style="font-size: 10pt">Schedule of liabilities measured at fair value</td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: center"> </td><td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="6" style="font-size: 10pt; font-weight: bold; text-align: center">Fair Value Measurement at</td><td style="font-size: 10pt; font-weight: bold"> </td><td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="6" style="font-size: 10pt; font-weight: bold; text-align: center">Fair Value Measurement at</td><td style="font-size: 10pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt"> </td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">December 31, 2025</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: center"> </td><td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="2" style="font-size: 10pt; font-weight: bold; text-align: center">Using</td><td style="font-size: 10pt; font-weight: bold"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: center"> </td><td style="font-size: 10pt"> </td><td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="2" style="font-size: 10pt; font-weight: bold; text-align: center">Using</td><td style="font-size: 10pt; font-weight: bold"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: center"> </td><td style="font-size: 10pt"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Level 3</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Level 3</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; width: 44%"> </td><td style="font-size: 10pt; width: 1%"> </td> <td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; text-align: right; width: 11%"> </td><td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; width: 1%"> </td> <td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; text-align: right; width: 11%"> </td><td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; width: 1%"> </td> <td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; text-align: right; width: 11%"> </td><td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; width: 1%"> </td> <td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; text-align: right; width: 11%"> </td><td style="font-size: 10pt; text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="font-size: 10pt; text-align: left">Derivative liabilities</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_988_eus-gaap--DerivativeFairValueOfDerivativeLiability_pp0p0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zU6ZEJ53uz47" style="font-size: 10pt; text-align: right" title="Derivative liability">36,024</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_985_eus-gaap--DerivativeFairValueOfDerivativeLiability_pp0p0_c20251231_zpLim70LHiP" style="font-size: 10pt; text-align: right" title="Derivative liability">36,024</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_984_eus-gaap--DerivativeFairValueOfDerivativeLiability_pp0p0_c20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zI5Flt1wJgQ2" style="font-size: 10pt; text-align: right" title="Derivative liability">15,169</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_981_eus-gaap--DerivativeFairValueOfDerivativeLiability_pp0p0_c20241231_zuXuzDDqFgw1" style="font-size: 10pt; text-align: right" title="Derivative liability">15,169</td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left">Asset Retirement Obligation (see Note 7)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_98D_eus-gaap--AssetRetirementObligation_pp0p0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zUGw5oBvuC37" style="font-size: 10pt; text-align: right" title="Asset Retirement Obligation">71,157</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_986_eus-gaap--AssetRetirementObligation_pp0p0_c20251231_zBjSU7bsH8e6" style="font-size: 10pt; text-align: right" title="Asset Retirement Obligation">71,157</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_980_eus-gaap--AssetRetirementObligation_pp0p0_c20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zAjCHfeR2Gn6" style="font-size: 10pt; text-align: right" title="Asset Retirement Obligation">67,857</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_989_eus-gaap--AssetRetirementObligation_pp0p0_c20241231_zKIK5nJF3dDh" style="font-size: 10pt; text-align: right" title="Asset Retirement Obligation">67,857</td><td style="font-size: 10pt; text-align: left"> </td></tr> </table> The Company has warrants with a strike price currency different than the functional currency as has recorded a derivative liability associated with that. The Company measures and reports the fair value liability for these derivative liabilities on a recurring basis. The fair value liabilities have been recorded as determined utilizing the Black-Scholes option pricing model. A slight change in an unobservable input like historical volatility could have a significant impact on the fair value measurement of the derivative liabilities. See Note 5 “Derivative Liabilities” for further discussion of the inputs used in determining the fair value. Revenue Recognition The Company has adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 606, Revenue from Contracts with Customers (“ASC 606”), which provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. The Company receives an overriding royalty from an unrelated party of 2.5% on all petroleum substances produced from three oil sands leases located in the southeast portion of the Peace River oil sands area that were sold in May 2019 (see Note 4) and recognizes revenue at the time petroleum is sold. The Company’s revenue recognition policy standards include the following elements under ASU 606: <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in">1.</td> <td style="text-align: justify">Identify the contract with the customer. The contract is documented in the Purchase and Sale Agreement dated 5/14/2019.</td></tr> <tr style="vertical-align: top"> <td> </td> <td>2.</td> <td style="text-align: justify">Identify the performance obligations in the contract. The performance obligation in the contract required Strata to relinquish its interest in three oil sands located in the southeast portion of the Peace River oil sands area.</td></tr> <tr style="vertical-align: top"> <td> </td> <td>3.</td> <td style="text-align: justify">Determine the transaction price. The transaction price was C$60,000 in exchange for 2.5% gross overriding royalty of the petroleum substances produced from the three oil sands leases, in exchange for a 100% interest in the three oil sands leases.</td></tr> <tr style="vertical-align: top"> <td> </td> <td>4.</td> <td style="text-align: justify">Allocate the transaction price to the performance obligations in the contract. The Company only has one performance obligation, the transfer of the rights to the three oil sands leases, which has already been fulfilled.</td></tr> <tr style="vertical-align: top"> <td> </td> <td>5.</td> <td style="text-align: justify">Recognize revenue when (or as) the entity satisfies a performance obligation. The C$60,000 was recognized as a sale of the shallower oil sands rights in 2019, resulting in a gain from the disposition of the leases. The 2.5% overriding petroleum royalties are recognized as revenue in the period that the other party produces and sells petroleum from the oil sands leases, which began in September 2021. The royalties that have been received to date have been highly variable, as the amounts are dependent upon the monthly production, the demand of the buyers, the spot price of petroleum, etc. As such, management has determined that the revenue recognition shall be treated as variable consideration as defined in ASC 606. Variable consideration should only be recognized to the extent that it is probable that a significant reversal of revenue will not occur when the uncertainty associated with the variable consideration is subsequently resolved. Given the fact that royalties to date have been highly variable with a great degree of uncertainty, and any attempts to estimate future revenue would likely result in a significant reversal of revenue, royalty revenue will be recognized when payments and settlement statements are received, in the period for which the petroleum was produced. It is at that time that any uncertainty related to royalty payments is resolved. The Company applied ASC 606 using the modified retrospective method applied to contracts not yet completed as of the date of adoption.</td></tr> </table> Comprehensive Income (Loss) Comprehensive income (loss) is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. The Company's items of other comprehensive income (loss) are foreign currency translation adjustments. Related Party Transactions A related party is generally defined as (i) any person who holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) an entity or person who directly or indirectly controls, is controlled by or is under common control and/or management with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. New Accounting Pronouncements In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which enhances the transparency and decision usefulness of income tax disclosures, including requiring additional disaggregation of the rate reconciliation and income taxes paid. The standard is effective for fiscal years beginning after December 15, 2024. The Company adopted this ASU, effective for the year ended December 31, 2025. The adoption has no impact on the Company’s financial positions, results of operations or cash flow, but has resulted in a change to the footnote disclosure in Note 11 on Income Taxes, as prior period amounts have been conformed to the current presentation. In November 2023, the FASB issued ASU 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The ASU 2023-07 is effective for annual reporting periods beginning after December 15, 2023 and interim periods in fiscal years beginning after December 15, 2024, and early adoption is permitted. The Company adopted this ASU, effective for the year ended December 31, 2024. The adoption has no impact on the Company’s financial position, results of operations or cash flow, but has resulted in new footnote disclosure. See Note 13 for details on Segment Reporting. In August 2020, the FASB issued ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470- 20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”), which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity. This ASU (1) simplifies the accounting for convertible debt instruments and convertible preferred stock by removing the existing guidance in ASC 470-20, Debt: Debt with Conversion and Other Options, that requires entities to account for beneficial conversion features and cash conversion features in equity, separately from the host convertible debt or preferred stock; (2) revises the scope exception from derivative accounting in ASC 815-40 for freestanding financial instruments and embedded features that are both indexed to the issuer’s own stock and classified in stockholders’ equity, by removing certain criteria required for equity classification; and (3) revises the guidance in ASC 260, Earnings Per Share, to require entities to calculate diluted earnings per share (EPS) for convertible instruments by using the if-converted method. In addition, entities must presume share settlement for purposes of calculating diluted EPS when an instrument may be settled in cash or shares. For SEC filers, excluding smaller reporting companies, ASU 2020-06 is effective for fiscal years beginning after December 15, 2021 including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020. For all other entities, ASU 2020-06 is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Entities should adopt the guidance as of the beginning of the fiscal year of adoption and cannot adopt the guidance in an interim reporting period. The Company adopted ASU 2020-06 beginning with the fiscal year starting on January 1, 2024. The adoption of ASU 2020-06 did not have an impact on its financial statements and related disclosures. The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Basis of Presentation The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate so as to make the information presented not misleading.

Management’s Estimates and Assumptions The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the balance sheet date, and revenues and expenses for the period then ended. Management believes that all applicable estimates and adjustments are appropriate. Actual results could differ significantly from those estimates.

Concentration of Revenue For the year ended December 31, 2025, the Company had a concentration of revenue related to a single royalty contract, accounting for <span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--RevenuesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneCustomerMember_zcvB0pJSJW82" title="Concentration risk">100% of total revenue. The loss of this contract would have a material adverse effect on future operating results. As of December 31, 2025, 100% of royalty receivables related to this contract.

Oil and Gas Property Payments and Exploration Costs All costs incurred in the acquisition, exploration and development of natural gas and oil interests are capitalized as incurred. Capitalized costs associated with proven properties are amortized using the units-of-production method over the estimated life of the probable reserve. Capitalized costs associated with unproved properties are excluded from the amortization calculations and assessed, at least annually, to determine if impairment has occurred, until such time as those costs are proven. Impairment amounts are immediately expensed and no costs have been capitalized through December 31, 2025.

Cash and Cash Equivalents The Company considers all highly liquid investments purchased with a maturity of 90 days or less to be cash equivalents. The Company maintains cash and cash equivalent balances with financial institutions that may exceed federally insured limits. There were no cash equivalent balances for the years ended December 31, 2025 or 2024.

GST Receivables Goods and Services Tax (GST) receivables are presented net of an allowance for doubtful accounts. Receivables consist of goods and services input tax credits. The allowance for doubtful accounts on GST receivables was $nil at December 31, 2025 and 2024.

Royalties Receivables Royalties Receivables consist of amounts due from an unrelated third party related to three oil sands leases that the Company sold and retained a 2.5% gross overriding royalty on all petroleum substances produced from the leases (see Note 4). An allowance for uncollectible receivables is based upon the amount of losses expected to be incurred in the collection of these royalties pursuant to the guidance outlined in ASU 2016-13, Financial Instruments – Credit Losses (ASC 326). This pronouncement replaces the former incurred loss methodology with an expected credit loss methodology that requires consideration of a broader range of information to estimate expected losses over the lifetime of the asset. Management’s evaluation process used to determine the appropriateness of the allowance is complex and requires the use of estimates, assumptions and judgements which are inherently subject to high uncertainty. The estimated losses are calculated based upon a review of the outstanding receivables, including the age of the receivable, historical collection experience and as applicable, current conditions and forecasts that affect collectability. The estimate could require a change based on changing circumstances, including changes in the economy or changes specifically related to the owner of the leases. Specific receivables are written off against the allowance when management determines the account is uncollectible. The allowance for uncollectible receivables was $0 as of December 31, 2025 and 2024.

Impairment of Long-lived Assets In accordance with ASC 360, Property, Plant and Equipment, long lived assets such as equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of would be separately presented in the balance sheet and reported at the lower of the carrying amount of fair value less costs to sell and are no longer depreciated. The assets and liabilities of a disposed group classified as held for sale would be presented separately in the appropriate asset and liability sections of the balance sheet.

Asset Retirement Obligations In accordance with ASC 410, Asset Retirement and Environmental Obligations, the fair value of an asset retirement cost, and corresponding liability, should be recorded as part of the cost of the related long-lived asset and subsequently allocated to expense using a systematic and rational method. The Company has recorded an asset retirement obligation at December 31, 2025 and 2024 (Note 7) to reflect its legal obligations related to future abandonment of its oil and gas interests using estimated expected cash flow associated with the obligation and discounting the amount using a credit-adjusted, risk-free interest rate. At least annually, the Company will reassess the obligation to determine whether a change in any estimated obligation is necessary. The Company will evaluate whether there are indicators that suggest the estimated cash flows underlying the obligation have materially changed. Should those indicators suggest the estimated obligation has materially changed the Company will accordingly update its assessment. The liability accretes until the Company settles the obligation.

Income Taxes The Company follows the asset and liability method of accounting for income taxes whereby deferred tax assets and liabilities are recognized for the future tax consequences of differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. If it is determined that the realization of the future tax benefit is not more likely than not, the Company establishes a valuation allowance.

Foreign Exchange Translation The Company's functional currency is the Canadian dollar but reports its financial statements in US dollars. The Company translates its Canadian dollar balances to US dollars in the following manner: Assets and liabilities have been translated using the rate of exchange at the balance sheet date. Equity transactions and results of operations have been translated at historical rates. Translation gains or losses resulting from the changes in the exchange rates are accumulated as other comprehensive income or loss in a separate component of stockholders' equity. All amounts included in the accompanying financial statements and footnotes are stated in U.S. dollars.

Derivative Financial Instruments The Company reviews the terms of its equity instruments and other financing arrangements to determine whether there are embedded derivative instruments that are required to be accounted for separately as a derivative financial instrument. Also, in connection with the issuance of financing instruments, the Company has issued freestanding warrants that are accounted for as derivative instrument liabilities because they are exercisable in a currency other than the functional currency of the Company and thus do not meet the “fixed-for-fixed” criteria of ASC 815-40-15. The warrants are exercisable in United States dollars and the Company’s functional currency is the Canadian dollar. Derivative financial instruments are initially measured at their fair value. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to income. For derivative financial instruments, the Company uses the Black-Scholes option pricing model to value the derivative instruments. Any exercise or cancellation of an equity instrument which meets the classification of a derivative financial instrument is trued-up to fair value at that date and the fair value of the exercised instrument is then reclassified from liability to additional paid in capital. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is reassessed at the end of each reporting period. If reclassification is required, the fair value of the derivative instrument, as of the determination date, is reclassified. Any previous charges or credits to income for changes in the fair value of the derivative instrument are not reversed. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date.

Stock-Based Compensation In accordance with ASC 718, “Compensation – Stock Compensation” (“ASC 718”), which was adopted as of January 1, 2019, the Company measures all employee stock-based compensation awards, including grants of employee stock options, using a fair value method on the date of grant and recognizes such expense in its financial statements over the requisite service period. The Company uses the Black-Scholes pricing model to determine the fair value of stock-based compensation awards on the date of grant. The Black-Scholes pricing model requires management to make assumptions regarding option lives, expected volatility, and risk-free interest rates. The fair value of the equity instrument is charged directly to compensation expense and credited to additional paid-in capital over the period during which services are rendered. The Company uses historical data to estimate option exercise, forfeiture and employee termination within the valuation model. For non-employees, the expected term of the options approximates the full term of the options. The risk-free interest rate is based on a treasury instrument whose term is consistent with the expected term of the stock options. The Company has not paid and does not anticipate paying dividends on its common stock; therefore, the expected dividend yield is assumed to be zero. In addition, accounting standard requires companies to utilize an estimated forfeiture rate when calculating the expense for the reporting period. Based on its best estimate, management applied the estimated forfeiture rate of nil in determining the expense recorded in the accompanying Statements of Operations and Comprehensive Income (Loss). Expected volatilities are calculated using the historical volatility of the Company’s stock. When applicable, the Company will use historical data to estimate option exercise, forfeiture and employees’ termination within the valuation model. For non-employees, the expected term of the options approximates the full term of the options.

Earnings (Loss) Per Share of Common Stock Basic earnings (loss) per share of common stock is computed by dividing net income (loss) available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share of common stock reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. Dilutive potential common shares are calculated in accordance with the treasury stock method, which assumes that proceeds from the exercise of all warrants and options are used to repurchase common stock at market value. The number of shares remaining after the proceeds are exhausted represents the potentially dilutive effect of the securities. For the years ended December 31, 2025 and 2024, all of the outstanding options and warrants had an exercise price above the average stock price for year-end period. Accordingly, all of the potentially dilutive shares were excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company’s income (loss) from continuing operations.

Fair Value of Financial Instruments The book values of GST receivables, notes receivable, accounts payable and accrued expenses approximate their respective fair values due to the short-term nature of these instruments. The fair value hierarchy under GAAP distinguishes between assumptions based on market data (observable inputs) and an entity’s own assumptions (unobservable inputs). The hierarchy consists of three levels: <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt"> <tr style="vertical-align: top"> <td style="width: 0.5in">·</td> <td style="text-align: justify">Level one - Quoted market prices in active markets for identical assets or liabilities;</td></tr> <tr style="vertical-align: top"> <td>·</td> <td style="text-align: justify">Level two - Inputs other than level one inputs that are either directly or indirectly observable; and</td></tr> <tr style="vertical-align: top"> <td>·</td> <td style="text-align: justify">Level three - Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use.</td></tr> </table> Determining which category an asset or liability falls within the hierarchy requires significant judgment. Hierarchy disclosures are evaluated at each balance sheet date. Liabilities measured at fair value are summarized as follows as of: <table cellpadding="0" cellspacing="0" id="xdx_89B_eus-gaap--FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock_zzJbdCKdR1Vl" style="border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SIGNIFICANT ACCOUNTING POLICIES (Details - Fair value derivative liabilities)"> <tr style="vertical-align: bottom"> <td style="font-size: 10pt">Schedule of liabilities measured at fair value</td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: center"> </td><td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="6" style="font-size: 10pt; font-weight: bold; text-align: center">Fair Value Measurement at</td><td style="font-size: 10pt; font-weight: bold"> </td><td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="6" style="font-size: 10pt; font-weight: bold; text-align: center">Fair Value Measurement at</td><td style="font-size: 10pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt"> </td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">December 31, 2025</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: center"> </td><td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="2" style="font-size: 10pt; font-weight: bold; text-align: center">Using</td><td style="font-size: 10pt; font-weight: bold"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: center"> </td><td style="font-size: 10pt"> </td><td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="2" style="font-size: 10pt; font-weight: bold; text-align: center">Using</td><td style="font-size: 10pt; font-weight: bold"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: center"> </td><td style="font-size: 10pt"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Level 3</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Level 3</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; width: 44%"> </td><td style="font-size: 10pt; width: 1%"> </td> <td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; text-align: right; width: 11%"> </td><td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; width: 1%"> </td> <td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; text-align: right; width: 11%"> </td><td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; width: 1%"> </td> <td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; text-align: right; width: 11%"> </td><td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; width: 1%"> </td> <td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; text-align: right; width: 11%"> </td><td style="font-size: 10pt; text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="font-size: 10pt; text-align: left">Derivative liabilities</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_988_eus-gaap--DerivativeFairValueOfDerivativeLiability_pp0p0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zU6ZEJ53uz47" style="font-size: 10pt; text-align: right" title="Derivative liability">36,024</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_985_eus-gaap--DerivativeFairValueOfDerivativeLiability_pp0p0_c20251231_zpLim70LHiP" style="font-size: 10pt; text-align: right" title="Derivative liability">36,024</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_984_eus-gaap--DerivativeFairValueOfDerivativeLiability_pp0p0_c20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zI5Flt1wJgQ2" style="font-size: 10pt; text-align: right" title="Derivative liability">15,169</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_981_eus-gaap--DerivativeFairValueOfDerivativeLiability_pp0p0_c20241231_zuXuzDDqFgw1" style="font-size: 10pt; text-align: right" title="Derivative liability">15,169</td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left">Asset Retirement Obligation (see Note 7)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_98D_eus-gaap--AssetRetirementObligation_pp0p0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zUGw5oBvuC37" style="font-size: 10pt; text-align: right" title="Asset Retirement Obligation">71,157</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_986_eus-gaap--AssetRetirementObligation_pp0p0_c20251231_zBjSU7bsH8e6" style="font-size: 10pt; text-align: right" title="Asset Retirement Obligation">71,157</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_980_eus-gaap--AssetRetirementObligation_pp0p0_c20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zAjCHfeR2Gn6" style="font-size: 10pt; text-align: right" title="Asset Retirement Obligation">67,857</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_989_eus-gaap--AssetRetirementObligation_pp0p0_c20241231_zKIK5nJF3dDh" style="font-size: 10pt; text-align: right" title="Asset Retirement Obligation">67,857</td><td style="font-size: 10pt; text-align: left"> </td></tr> </table> The Company has warrants with a strike price currency different than the functional currency as has recorded a derivative liability associated with that. The Company measures and reports the fair value liability for these derivative liabilities on a recurring basis. The fair value liabilities have been recorded as determined utilizing the Black-Scholes option pricing model. A slight change in an unobservable input like historical volatility could have a significant impact on the fair value measurement of the derivative liabilities. See Note 5 “Derivative Liabilities” for further discussion of the inputs used in determining the fair value.

<table cellpadding="0" cellspacing="0" id="xdx_89B_eus-gaap--FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock_zzJbdCKdR1Vl" style="border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SIGNIFICANT ACCOUNTING POLICIES (Details - Fair value derivative liabilities)"> <tr style="vertical-align: bottom"> <td style="font-size: 10pt">Schedule of liabilities measured at fair value</td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: center"> </td><td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="6" style="font-size: 10pt; font-weight: bold; text-align: center">Fair Value Measurement at</td><td style="font-size: 10pt; font-weight: bold"> </td><td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="6" style="font-size: 10pt; font-weight: bold; text-align: center">Fair Value Measurement at</td><td style="font-size: 10pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt"> </td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">December 31, 2025</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: center"> </td><td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="2" style="font-size: 10pt; font-weight: bold; text-align: center">Using</td><td style="font-size: 10pt; font-weight: bold"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: center"> </td><td style="font-size: 10pt"> </td><td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="2" style="font-size: 10pt; font-weight: bold; text-align: center">Using</td><td style="font-size: 10pt; font-weight: bold"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: center"> </td><td style="font-size: 10pt"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: center; padding-bottom: 1pt"> </td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Level 3</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Level 3</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: center"> </td><td style="text-align: center; font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; width: 44%"> </td><td style="font-size: 10pt; width: 1%"> </td> <td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; text-align: right; width: 11%"> </td><td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; width: 1%"> </td> <td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; text-align: right; width: 11%"> </td><td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; width: 1%"> </td> <td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; text-align: right; width: 11%"> </td><td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; width: 1%"> </td> <td style="font-size: 10pt; text-align: left; width: 1%"> </td><td style="font-size: 10pt; text-align: right; width: 11%"> </td><td style="font-size: 10pt; text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="font-size: 10pt; text-align: left">Derivative liabilities</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_988_eus-gaap--DerivativeFairValueOfDerivativeLiability_pp0p0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zU6ZEJ53uz47" style="font-size: 10pt; text-align: right" title="Derivative liability">36,024</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_985_eus-gaap--DerivativeFairValueOfDerivativeLiability_pp0p0_c20251231_zpLim70LHiP" style="font-size: 10pt; text-align: right" title="Derivative liability">36,024</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_984_eus-gaap--DerivativeFairValueOfDerivativeLiability_pp0p0_c20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zI5Flt1wJgQ2" style="font-size: 10pt; text-align: right" title="Derivative liability">15,169</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_981_eus-gaap--DerivativeFairValueOfDerivativeLiability_pp0p0_c20241231_zuXuzDDqFgw1" style="font-size: 10pt; text-align: right" title="Derivative liability">15,169</td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left">Asset Retirement Obligation (see Note 7)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_98D_eus-gaap--AssetRetirementObligation_pp0p0_c20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zUGw5oBvuC37" style="font-size: 10pt; text-align: right" title="Asset Retirement Obligation">71,157</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_986_eus-gaap--AssetRetirementObligation_pp0p0_c20251231_zBjSU7bsH8e6" style="font-size: 10pt; text-align: right" title="Asset Retirement Obligation">71,157</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_980_eus-gaap--AssetRetirementObligation_pp0p0_c20241231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zAjCHfeR2Gn6" style="font-size: 10pt; text-align: right" title="Asset Retirement Obligation">67,857</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td id="xdx_989_eus-gaap--AssetRetirementObligation_pp0p0_c20241231_zKIK5nJF3dDh" style="font-size: 10pt; text-align: right" title="Asset Retirement Obligation">67,857</td><td style="font-size: 10pt; text-align: left"> </td></tr> </table>

36024

15169

71157

67857

Revenue Recognition The Company has adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 606, Revenue from Contracts with Customers (“ASC 606”), which provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. The Company receives an overriding royalty from an unrelated party of 2.5% on all petroleum substances produced from three oil sands leases located in the southeast portion of the Peace River oil sands area that were sold in May 2019 (see Note 4) and recognizes revenue at the time petroleum is sold. The Company’s revenue recognition policy standards include the following elements under ASU 606: <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in">1.</td> <td style="text-align: justify">Identify the contract with the customer. The contract is documented in the Purchase and Sale Agreement dated 5/14/2019.</td></tr> <tr style="vertical-align: top"> <td> </td> <td>2.</td> <td style="text-align: justify">Identify the performance obligations in the contract. The performance obligation in the contract required Strata to relinquish its interest in three oil sands located in the southeast portion of the Peace River oil sands area.</td></tr> <tr style="vertical-align: top"> <td> </td> <td>3.</td> <td style="text-align: justify">Determine the transaction price. The transaction price was C$60,000 in exchange for 2.5% gross overriding royalty of the petroleum substances produced from the three oil sands leases, in exchange for a 100% interest in the three oil sands leases.</td></tr> <tr style="vertical-align: top"> <td> </td> <td>4.</td> <td style="text-align: justify">Allocate the transaction price to the performance obligations in the contract. The Company only has one performance obligation, the transfer of the rights to the three oil sands leases, which has already been fulfilled.</td></tr> <tr style="vertical-align: top"> <td> </td> <td>5.</td> <td style="text-align: justify">Recognize revenue when (or as) the entity satisfies a performance obligation. The C$60,000 was recognized as a sale of the shallower oil sands rights in 2019, resulting in a gain from the disposition of the leases. The 2.5% overriding petroleum royalties are recognized as revenue in the period that the other party produces and sells petroleum from the oil sands leases, which began in September 2021. The royalties that have been received to date have been highly variable, as the amounts are dependent upon the monthly production, the demand of the buyers, the spot price of petroleum, etc. As such, management has determined that the revenue recognition shall be treated as variable consideration as defined in ASC 606. Variable consideration should only be recognized to the extent that it is probable that a significant reversal of revenue will not occur when the uncertainty associated with the variable consideration is subsequently resolved. Given the fact that royalties to date have been highly variable with a great degree of uncertainty, and any attempts to estimate future revenue would likely result in a significant reversal of revenue, royalty revenue will be recognized when payments and settlement statements are received, in the period for which the petroleum was produced. It is at that time that any uncertainty related to royalty payments is resolved. The Company applied ASC 606 using the modified retrospective method applied to contracts not yet completed as of the date of adoption.</td></tr> </table>

60000

Comprehensive Income (Loss) Comprehensive income (loss) is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. The Company's items of other comprehensive income (loss) are foreign currency translation adjustments.

Related Party Transactions A related party is generally defined as (i) any person who holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) an entity or person who directly or indirectly controls, is controlled by or is under common control and/or management with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties.

New Accounting Pronouncements In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which enhances the transparency and decision usefulness of income tax disclosures, including requiring additional disaggregation of the rate reconciliation and income taxes paid. The standard is effective for fiscal years beginning after December 15, 2024. The Company adopted this ASU, effective for the year ended December 31, 2025. The adoption has no impact on the Company’s financial positions, results of operations or cash flow, but has resulted in a change to the footnote disclosure in Note 11 on Income Taxes, as prior period amounts have been conformed to the current presentation. In November 2023, the FASB issued ASU 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The ASU 2023-07 is effective for annual reporting periods beginning after December 15, 2023 and interim periods in fiscal years beginning after December 15, 2024, and early adoption is permitted. The Company adopted this ASU, effective for the year ended December 31, 2024. The adoption has no impact on the Company’s financial position, results of operations or cash flow, but has resulted in new footnote disclosure. See Note 13 for details on Segment Reporting. In August 2020, the FASB issued ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470- 20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”), which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity. This ASU (1) simplifies the accounting for convertible debt instruments and convertible preferred stock by removing the existing guidance in ASC 470-20, Debt: Debt with Conversion and Other Options, that requires entities to account for beneficial conversion features and cash conversion features in equity, separately from the host convertible debt or preferred stock; (2) revises the scope exception from derivative accounting in ASC 815-40 for freestanding financial instruments and embedded features that are both indexed to the issuer’s own stock and classified in stockholders’ equity, by removing certain criteria required for equity classification; and (3) revises the guidance in ASC 260, Earnings Per Share, to require entities to calculate diluted earnings per share (EPS) for convertible instruments by using the if-converted method. In addition, entities must presume share settlement for purposes of calculating diluted EPS when an instrument may be settled in cash or shares. For SEC filers, excluding smaller reporting companies, ASU 2020-06 is effective for fiscal years beginning after December 15, 2021 including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020. For all other entities, ASU 2020-06 is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Entities should adopt the guidance as of the beginning of the fiscal year of adoption and cannot adopt the guidance in an interim reporting period. The Company adopted ASU 2020-06 beginning with the fiscal year starting on January 1, 2024. The adoption of ASU 2020-06 did not have an impact on its financial statements and related disclosures. The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

NOTE 4. ROYALTY INTEREST Pursuant to the Purchase and Sale Agreement with an unrelated third party dated May 2019, in which the Company sold three oil sands leases located in the southeast portion of the Peace River oil sands area, the Company retained a 2.5% gross overriding royalty on all petroleum substances produced from the leases. For the years ended December 31, 2025, 2024, and 2023, the Company earned royalties of $76,283, $135,006 and $199,435, respectively. The royalty receivables as of December 31, 2025 and 2024 were $7,354 and $18,002, respectively. 0.025

76283

135006

199435

7354 18002

NOTE 5. DERIVATIVE LIABILITIES Derivative liabilities consist of common stock warrants with an exercise price in a different currency than the Company’s functional currency. The derivative liabilities are accounted for as separate liabilities measured at their respective fair values as follows: <table cellpadding="0" cellspacing="0" id="xdx_88F_eus-gaap--ScheduleOfDerivativeInstrumentsTextBlock_zL3vBqs4dlNl" style="width: 100%; border-collapse: collapse; font-size: 10pt" summary="xdx: Disclosure - DERIVATIVE LIABILITIES (Details - Fair value)"> <tr style="vertical-align: bottom"> <td>Schedule of derivative liabilities</td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 84%">Balance, December 31, 2023</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td id="xdx_981_eus-gaap--DerivativeFairValueOfDerivativeLiability_iS_pp0p0_c20240101__20241231_z8XZRoHRwIpe" style="width: 13%; text-align: right" title="Derivative liability, beginning balance">15,526</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Change in fair value of derivative liabilities</td> <td> </td> <td> </td> <td id="xdx_98F_ecustom--DerivativeGainLossOnDerivativeNet1_pp0p0_c20240101__20241231_zj1OBWOSl9P9" style="text-align: right" title="Change in fair value of derivative liability">875</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Foreign exchange effect on derivative liability</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98A_eus-gaap--GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pp0p0_c20240101__20241231_zKEy2FvfeQOk" style="border-bottom: black 1pt solid; text-align: right" title="Foreign exchange effect on derivative liability">(1,232</td> <td>)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Balance, December 31, 2024</td> <td> </td> <td> </td> <td id="xdx_983_eus-gaap--DerivativeFairValueOfDerivativeLiability_iS_pp0p0_c20250101__20251231_zCjzySkfAdX7" style="text-align: right" title="Derivative liability, beginning balance">15,169</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Change in fair value of derivative liabilities</td> <td> </td> <td> </td> <td id="xdx_989_ecustom--DerivativeGainLossOnDerivativeNet1_pp0p0_c20250101__20251231_zIX1OrBCDSdh" style="text-align: right" title="Change in fair value of derivative liability">19,791</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Foreign exchange effect on derivative liability</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_988_eus-gaap--GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pp0p0_c20250101__20251231_zWW8kDy5ryp8" style="border-bottom: black 1pt solid; text-align: right" title="Foreign exchange effect on derivative liability">1,064</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Balance, December 31, 2025</td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td id="xdx_98F_eus-gaap--DerivativeFairValueOfDerivativeLiability_iE_pp0p0_c20250101__20251231_zNS8Ucz8fWv2" style="border-bottom: black 2.25pt double; text-align: right" title="Derivative liability, ending balance">36,024</td> <td> </td></tr> </table> The fair value of the derivative liabilities has been determined using the Black-Scholes option pricing model using the following range of assumptions: <table cellpadding="0" cellspacing="0" id="xdx_884_eus-gaap--ScheduleOfAssumptionsUsedTableTextBlock_zGOe08WhKKZ5" style="width: 100%; border-collapse: collapse; font-size: 10pt" summary="xdx: Disclosure - DERIVATIVE LIABILITIES (Details - Assumptions used for derivatives)"> <tr style="vertical-align: bottom"> <td>Schedule of assumptions used for derivatives</td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td> <td> </td> <td style="border-bottom: black 1pt solid; text-align: center">2025</td> <td> </td> <td style="border-bottom: black 1pt solid; text-align: center">2024</td> <td> </td> <td style="border-bottom: black 1pt solid; text-align: center">2023</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 49%">Volatility</td> <td style="width: 1%"> </td> <td style="width: 16%; text-align: center"><span id="xdx_906_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20250101__20251231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_zU5vwneCkiH6" title="Fair value assumptions for derivative liabilities">645.7%</td> <td style="width: 1%"> </td> <td style="width: 16%; text-align: center"><span id="xdx_902_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20240101__20241231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_zspZBhY5z4Ha" title="Fair value assumptions for derivative liabilities">622.8%</td> <td style="width: 1%"> </td> <td style="width: 16%; text-align: center"><span id="xdx_901_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20230101__20231231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_zCVsMnKnwLoa" title="Fair value assumptions for derivative liabilities">451.9%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Expected life</td> <td> </td> <td style="text-align: center"><span id="xdx_90F_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20250101__20251231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zXUT1qUz4Wea" title="Fair value assumptions for derivative liabilities">6.6 to 8.13 years</td> <td> </td> <td style="text-align: center"><span id="xdx_901_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20240101__20241231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zp9QZkH9Xxud" title="Fair value assumptions for derivative liabilities">7.6 to 9.13 years</td> <td> </td> <td style="text-align: center"><span id="xdx_908_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20230101__20231231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zCcxikeVKYWk" title="Fair value assumptions for derivative liabilities">0.13 to 9.42 years</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Risk-free interest rate</td> <td> </td> <td style="text-align: center"><span id="xdx_907_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20250101__20251231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zuRT6NCgUWX8" title="Fair value assumptions for derivative liabilities">2.57% - 3.42%</td> <td> </td> <td style="text-align: center"><span id="xdx_90F_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20240101__20241231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zfPZxmwX0XY3" title="Fair value assumptions for derivative liabilities">2.87% - 3.23%</td> <td> </td> <td style="text-align: center"><span id="xdx_900_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20230101__20231231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_z9re5GtPMHS8" title="Fair value assumptions for derivative liabilities">3.09% - 3.88%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Dividend yield</td> <td> </td> <td style="text-align: center"><span id="xdx_905_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20250101__20251231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zKpzlK5eCi93" title="Fair value assumptions for derivative liabilities">0.00%</td> <td> </td> <td style="text-align: center"><span id="xdx_90E_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20240101__20241231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zNSYDGE7Qqqi" title="Fair value assumptions for derivative liabilities">0.00%</td> <td> </td> <td style="text-align: center"><span id="xdx_908_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20230101__20231231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zt3SwkEBI6M1" title="Fair value assumptions for derivative liabilities">0.00%</td></tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_88F_eus-gaap--ScheduleOfDerivativeInstrumentsTextBlock_zL3vBqs4dlNl" style="width: 100%; border-collapse: collapse; font-size: 10pt" summary="xdx: Disclosure - DERIVATIVE LIABILITIES (Details - Fair value)"> <tr style="vertical-align: bottom"> <td>Schedule of derivative liabilities</td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 84%">Balance, December 31, 2023</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td id="xdx_981_eus-gaap--DerivativeFairValueOfDerivativeLiability_iS_pp0p0_c20240101__20241231_z8XZRoHRwIpe" style="width: 13%; text-align: right" title="Derivative liability, beginning balance">15,526</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Change in fair value of derivative liabilities</td> <td> </td> <td> </td> <td id="xdx_98F_ecustom--DerivativeGainLossOnDerivativeNet1_pp0p0_c20240101__20241231_zj1OBWOSl9P9" style="text-align: right" title="Change in fair value of derivative liability">875</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Foreign exchange effect on derivative liability</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98A_eus-gaap--GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pp0p0_c20240101__20241231_zKEy2FvfeQOk" style="border-bottom: black 1pt solid; text-align: right" title="Foreign exchange effect on derivative liability">(1,232</td> <td>)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Balance, December 31, 2024</td> <td> </td> <td> </td> <td id="xdx_983_eus-gaap--DerivativeFairValueOfDerivativeLiability_iS_pp0p0_c20250101__20251231_zCjzySkfAdX7" style="text-align: right" title="Derivative liability, beginning balance">15,169</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Change in fair value of derivative liabilities</td> <td> </td> <td> </td> <td id="xdx_989_ecustom--DerivativeGainLossOnDerivativeNet1_pp0p0_c20250101__20251231_zIX1OrBCDSdh" style="text-align: right" title="Change in fair value of derivative liability">19,791</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Foreign exchange effect on derivative liability</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_988_eus-gaap--GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pp0p0_c20250101__20251231_zWW8kDy5ryp8" style="border-bottom: black 1pt solid; text-align: right" title="Foreign exchange effect on derivative liability">1,064</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Balance, December 31, 2025</td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td id="xdx_98F_eus-gaap--DerivativeFairValueOfDerivativeLiability_iE_pp0p0_c20250101__20251231_zNS8Ucz8fWv2" style="border-bottom: black 2.25pt double; text-align: right" title="Derivative liability, ending balance">36,024</td> <td> </td></tr> </table>

15526

875

-1232

15169

19791

1064

36024

<table cellpadding="0" cellspacing="0" id="xdx_884_eus-gaap--ScheduleOfAssumptionsUsedTableTextBlock_zGOe08WhKKZ5" style="width: 100%; border-collapse: collapse; font-size: 10pt" summary="xdx: Disclosure - DERIVATIVE LIABILITIES (Details - Assumptions used for derivatives)"> <tr style="vertical-align: bottom"> <td>Schedule of assumptions used for derivatives</td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td> <td> </td> <td style="border-bottom: black 1pt solid; text-align: center">2025</td> <td> </td> <td style="border-bottom: black 1pt solid; text-align: center">2024</td> <td> </td> <td style="border-bottom: black 1pt solid; text-align: center">2023</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 49%">Volatility</td> <td style="width: 1%"> </td> <td style="width: 16%; text-align: center"><span id="xdx_906_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20250101__20251231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_zU5vwneCkiH6" title="Fair value assumptions for derivative liabilities">645.7%</td> <td style="width: 1%"> </td> <td style="width: 16%; text-align: center"><span id="xdx_902_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20240101__20241231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_zspZBhY5z4Ha" title="Fair value assumptions for derivative liabilities">622.8%</td> <td style="width: 1%"> </td> <td style="width: 16%; text-align: center"><span id="xdx_901_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20230101__20231231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_zCVsMnKnwLoa" title="Fair value assumptions for derivative liabilities">451.9%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Expected life</td> <td> </td> <td style="text-align: center"><span id="xdx_90F_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20250101__20251231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zXUT1qUz4Wea" title="Fair value assumptions for derivative liabilities">6.6 to 8.13 years</td> <td> </td> <td style="text-align: center"><span id="xdx_901_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20240101__20241231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zp9QZkH9Xxud" title="Fair value assumptions for derivative liabilities">7.6 to 9.13 years</td> <td> </td> <td style="text-align: center"><span id="xdx_908_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20230101__20231231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zCcxikeVKYWk" title="Fair value assumptions for derivative liabilities">0.13 to 9.42 years</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Risk-free interest rate</td> <td> </td> <td style="text-align: center"><span id="xdx_907_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20250101__20251231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zuRT6NCgUWX8" title="Fair value assumptions for derivative liabilities">2.57% - 3.42%</td> <td> </td> <td style="text-align: center"><span id="xdx_90F_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20240101__20241231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zfPZxmwX0XY3" title="Fair value assumptions for derivative liabilities">2.87% - 3.23%</td> <td> </td> <td style="text-align: center"><span id="xdx_900_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20230101__20231231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_z9re5GtPMHS8" title="Fair value assumptions for derivative liabilities">3.09% - 3.88%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Dividend yield</td> <td> </td> <td style="text-align: center"><span id="xdx_905_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20250101__20251231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zKpzlK5eCi93" title="Fair value assumptions for derivative liabilities">0.00%</td> <td> </td> <td style="text-align: center"><span id="xdx_90E_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20240101__20241231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zNSYDGE7Qqqi" title="Fair value assumptions for derivative liabilities">0.00%</td> <td> </td> <td style="text-align: center"><span id="xdx_908_eus-gaap--DerivativesBasisAndUseOfDerivativesBasisDeterminationOfFairValue_c20230101__20231231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zt3SwkEBI6M1" title="Fair value assumptions for derivative liabilities">0.00%</td></tr> </table>

645.7%

622.8%

451.9%

6.6 to 8.13 years

7.6 to 9.13 years

0.13 to 9.42 years

2.57% - 3.42%

2.87% - 3.23%

3.09% - 3.88%

0.00%

NOTE 6. OIL AND GAS PROPERTIES During the period June 2006 through January 2007, the Company acquired the rights to multiple oil sands leases within the Peace River area of Alberta, Canada (the “Peace River Properties”). The leases were granted by the Province of Alberta. All the leases were for a 15-year term, required minimum annual lease payments, and granted the Company the right to explore and develop oil sands on the respective leases. On February 22, 2016, the Company acquired an additional 45 oil sands leases by entering into two purchase and sale agreements. The oil sands leases represented 39,680 hectares (98,051 acres) in the Peace River area of Alberta. One of the purchase / sale agreements was with a related party. On May 14, 2019, the Company sold the shallower oil sands rights on two of its oil sands lease blocks in the Cadotte East area to an unrelated third party, but retained the deeper oil sands rights, including the Debolt-Elkton formations. The Company also retained a <span id="xdx_902_ecustom--OverridingRoyaltyPercent_iI_dp_c20251231__us-gaap--OilAndGasDeliveryCommitmentsAndContractsAxis__custom--DeboltElktonFormationsMember_zMu63TKsu63d" title="Overriding royalty percentage">2.5% overriding royalty on all petroleum substances produced from the shallower oil sands rights on those two lease blocks. The Company will continue to pay annual lease fees on those two oil sands lease blocks, but at a rate of 50%, and the unrelated third party will pay the other 50%. On three of its oil sands lease blocks in the Reno area, the Company sold 100% of its interest to an unrelated third party and retained a 2.5% overriding royalty on all petroleum substances produced from those oil sands lease blocks. On those three oil sands lease blocks, the unrelated third party has taken over 100% of the annual lease fees. On June 11, 2020, the Company sold the shallower oil sands rights on five of its oil sands leases in the Cadotte Central area to an unrelated third party, but retained the deeper oil sands rights, including the Debolt-Elkton formations. The Company also retained a 2.5% overriding royalty on all petroleum substances produced from those oil sands lease blocks. The Company will continue to pay annual lease fees on those two oil sands lease blocks, but at a rate of 50%, and the third party will pay the other 50%. In 2020, the Company chose to not renew their remaining oil sands leases due to the economic conditions in the Alberta heavy oil sector. <span id="xdx_904_ecustom--MinimumRemainingTermsOfLeasesAndConcessionsOnUndevelopedAcreage2_c20250101__20251231__us-gaap--OilAndGasDeliveryCommitmentsAndContractsAxis__custom--PeaceRiverAreaMember_zVAyvXrLbvW2" title="Royalties payable, description">All the Company’s lease interests in the Peace River area are subject to royalties payable to the government of the Province of Alberta. The royalty is calculated using a revenue-less-cost formula. In years prior to the recovery of the project’s capital investment, the royalty is 1% of gross revenue. Once the project costs have been recovered, the royalty is the greater of 1% of gross revenue or 25% of net revenue. The Company completed drilling four exploratory wells during the fiscal year ended December 31, 2007. Since then, the Company completed several third-party technical reports on its oil sands leases including a prefeasibility study and developed an oil sands exploration program, which it was not able to execute on due to weak conditions in the heavy oil sector.

0.025 0.50 0.025 0.025 0.50 All the Company’s lease interests in the Peace River area are subject to royalties payable to the government of the Province of Alberta. The royalty is calculated using a revenue-less-cost formula. In years prior to the recovery of the project’s capital investment, the royalty is 1% of gross revenue. Once the project costs have been recovered, the royalty is the greater of 1% of gross revenue or 25% of net revenue.

NOTE 7. ASSET RETIREMENT OBLIGATIONS During 2007, the Company drilled four wells on its Peace River Property, one of which was abandoned. Total future asset retirement obligations for the remaining three wells were estimated by management based on the Company’s working interest in its wells and facilities, estimated costs to remediate, reclaim and abandon the wells and facilities and the estimated timing of the costs to be incurred in future periods. The Company estimated the net present value of its total asset retirement obligations to be approximately $214,960 at December 31, 2021, based on an undiscounted total future liability of $225,229 (CDN$293,000). In 2022, the Company transferred its rights and interest in two of the three wells to an unrelated third party, who has assumed all reclamation obligations related to these wells. As a result, the Asset Retirement Obligation has been reduced to reflect the estimated liability at December 31, 2025 for the remaining well of $71,157. Reclamation expenses for the remaining well are expected to be incurred between 2026 and 2030. The Company used a credit adjusted discount rate of 10% per annum and an inflation rate of 2% to calculate the present value of the asset retirement obligation. The Company is currently in the process of carrying out abandonment and remediation of its well. Portions of this process have been funded through the federal Site Rehabilitation Program. The actual Asset Retirement Obligation costs on this well could be substantially lower than its current value but the actual amount cannot be reasonably estimated at this time.

214960

225229 293000

71157

NOTE 8. RELATED PARTY TRANSACTIONS Related party transactions not disclosed elsewhere in these financial statements include: Deferred Revenue - Royalty Agreement The Company has negotiated a royalty agreement with a related party by common CEO and director. In exchange for a non-refundable payment of $300,000, the Company intends to provide a royalty stream to this related party based on the gross production of Vanadium Oxide (“Vanadium”) from the company’s the oil sands leases. For each barrel of bitumen produced from the specified oil sands until March 21, 2039, or upon termination of mining, whichever is earlier, the Company will pay a royalty equal to 25 grams of Vanadium per barrel of bitumen produced, multiplied by the price of Vanadium Pentoxide 98% min in-warehouse Rotterdam published on the last business day of the month in which the gross production of bitumen occurred. The $300,000 is recorded as deferred revenue and will be recognized at such time as the Company begins to produce Vanadium. Notes payable to related party In December 2015, the Company borrowed $<span id="xdx_903_eus-gaap--ProceedsFromNotesPayable_pp0p0_c20151201__20151231__us-gaap--RelatedPartyTransactionAxis__custom--NotePayableRelatedParty2015Member_z1DOdoAQGq01" title="Proceeds from note payable">6,553 ($<span id="xdx_908_eus-gaap--ProceedsFromNotesPayable_pp0p0_uCAD_c20151201__20151231__us-gaap--RelatedPartyTransactionAxis__custom--NotePayableRelatedParty2015Member_z3LlUYCsQ3o3" title="Proceeds from note payable">9,000 Canadian) under a note agreement with related parties. The lenders were related parties through an immediate family relationship with officers or directors of the Company and a common director. The note payable bears interest at the Bank of Canada Prime rate plus 1%. The Company could repay the loan and outstanding interest thereon by giving notice to the lender 15 days prior to the anticipated repayment. At December 31, 2025, the effective interest rate on this note payable was 5.45%. The balance of note payable, including interest, to related parties at December 31, 2025 and 2024 was $9,901 and $9,075, respectively. The Company recognized interest expense of $380, $509 and $531 for the years ended December 31, 2025, 2024 and 2023, respectively, in its Statements of Operations and Comprehensive Income (Loss). Consulting fees Mr. Newton is the President and a member of the Board of Directors of the Company. Mr. Newton does not bill the Company for his services as President; however, he has a service agreement with the Company. Pursuant to this agreement, the Company recognized consulting expenses of $<span id="xdx_905_eus-gaap--ProfessionalAndContractServicesExpense_pp0p0_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NewtonMember_zt1cVWiQQmn7" title="Consulting expenses">46,640, $<span id="xdx_90A_eus-gaap--ProfessionalAndContractServicesExpense_pp0p0_c20240101__20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NewtonMember_zPJmLLNxhIvj" title="Consulting expenses">115,562and $<span id="xdx_907_eus-gaap--ProfessionalAndContractServicesExpense_pp0p0_c20230101__20231231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NewtonMember_zzYfWq7Ww0I3" title="Consulting expenses">176,197 for the years ended December 31, 2025, 2024 and 2023, respectively. As of December 31, 2025 and 2024, there were <span id="xdx_901_eus-gaap--AccountsPayableCurrentAndNoncurrent_iI_do_c20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NewtonMember_zHmrVqGkIR88" title="Accounts payable and accrued liabilities related party"><span id="xdx_90C_eus-gaap--AccountsPayableCurrentAndNoncurrent_iI_do_c20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NewtonMember_zZfMcGgST4tc" title="Accounts payable and accrued liabilities related party">no consulting expenses included in Accounts payable and accrued liabilities – related party. Dr. Michael Ranger is a member of the Board of Directors of the Company. Dr. Ranger does not receive compensation for his services as a member of the board; however, he has a service agreement with the Company, including consulting time and expense reimbursement. The Company incurred <span id="xdx_90A_eus-gaap--ProfessionalAndContractServicesExpense_pp0p0_do_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MichaelRangerMember_zR1uaF2dOMR" title="Consulting expenses"><span id="xdx_900_eus-gaap--ProfessionalAndContractServicesExpense_pp0p0_do_c20240101__20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MichaelRangerMember_znRqwBFILm2c" title="Consulting expenses"><span id="xdx_901_eus-gaap--ProfessionalAndContractServicesExpense_pp0p0_do_c20230101__20231231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MichaelRangerMember_zXGRcZz87Rbh" title="Consulting expenses">no consulting expenses related to this agreement for the years ended December 31, 2025, 2024 and 2023, respectively. As of December 31, 2025 and 2024, there were <span id="xdx_90F_eus-gaap--AccountsPayableCurrentAndNoncurrent_iI_do_c20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MichaelRangerMember_zELyI6Wjg246" title="Accounts payable and accrued liabilities related party"><span id="xdx_902_eus-gaap--AccountsPayableCurrentAndNoncurrent_iI_do_c20241231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MichaelRangerMember_z6hFQp4e0ONg" title="Accounts payable and accrued liabilities related party">no consulting expenses included in Accounts payable and accrued liabilities – related party.

300000

6553

9000

0.0545

9901

9075

380

509

531

46640

115562

176197

NOTE 9. SHARE CAPITAL Pursuant to its articles of incorporation, the Company has an unlimited number of common stock shares available for issuance with no par value. As of December 31, 2025, the Company had 20,085,119 shares of common stock outstanding and an additional 91,000 shares of common stock to be issued in connection with the exercise of warrants and options. The following table summarizes warrant activity during the years ended December 31, 2025, 2024 and 2023. <table cellpadding="0" cellspacing="0" id="xdx_889_eus-gaap--ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock_zdnDEY2ZFPae" style="width: 100%; border-collapse: collapse; font-size: 10pt" summary="xdx: Disclosure - SHARE CAPITAL (Details - Warrants activity)"> <tr style="vertical-align: bottom"> <td>Schedule of warrant activity</td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">Number of Warrants</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">Weighted Average Exercise Price</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">Warrants Exercisable</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">Weighted Average Exercise Price</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 40%">Outstanding December 31, 2022</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_983_eus-gaap--ClassOfWarrantOrRightOutstanding_iS_c20230101__20231231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_z0GFdI87qq7l" style="width: 12%; text-align: right" title="Warrants outstanding, beginning balance">1,896,071</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_987_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iS_c20230101__20231231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zR6Ch521K0tk" style="width: 12%; text-align: right" title="Weighted average exercise price, beginning">2.46</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_98D_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantExercisableNumber_iS_c20230101__20231231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zKJzjohe0msa" style="width: 12%; text-align: right" title="Warrants exercisable, beginning">1,896,071</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_98B_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iS_c20230101__20231231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zfrjRC6Nwg2a" style="width: 12%; text-align: right" title="Weighted average exercise price, exercisable beginning">2.46</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Issued</td> <td> </td> <td> </td> <td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_d0_c20230101__20231231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zoVAmcWNzki9" style="text-align: right" title="Warrants issued">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Canceled / exercised</td> <td> </td> <td> </td> <td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_d0_c20230101__20231231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zJV1rAz2oSG6" style="text-align: right" title="Warrants cancelled / exercised">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Expired</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations_d0_c20230101__20231231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zGusrJ5Jbxnj" style="border-bottom: black 1pt solid; text-align: right" title="Warrants expired">–</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Outstanding December 31, 2023</td> <td> </td> <td> </td> <td id="xdx_982_eus-gaap--ClassOfWarrantOrRightOutstanding_iS_c20240101__20241231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_z02M3MHfB7y1" style="text-align: right" title="Warrants outstanding, beginning balance">1,896,071</td> <td> </td> <td> </td> <td> </td> <td id="xdx_981_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iS_c20240101__20241231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zZXvGS9BkWC5" style="text-align: right" title="Weighted average exercise price, beginning">2.46</td> <td> </td> <td> </td> <td> </td> <td id="xdx_985_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantExercisableNumber_iS_c20240101__20241231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zVRJltTXhjxc" style="text-align: right" title="Warrants exercisable, beginning">1,896,071</td> <td> </td> <td> </td> <td> </td> <td id="xdx_98E_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iS_c20240101__20241231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zekqQNIqKwic" style="text-align: right" title="Weighted average exercise price, exercisable beginning">2.46</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Issued</td> <td> </td> <td> </td> <td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_d0_c20240101__20241231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zRSUBCaAb5ai" style="text-align: right" title="Warrants issued">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Canceled / exercised</td> <td> </td> <td> </td> <td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_d0_c20240101__20241231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zMwt8EVSJ7Yl" style="text-align: right" title="Warrants cancelled / exercised">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Expired</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations_d0_c20240101__20241231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zi5cooHlG2ug" style="border-bottom: black 1pt solid; text-align: right" title="Warrants expired">–</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Outstanding December 31, 2024</td> <td> </td> <td> </td> <td id="xdx_98A_eus-gaap--ClassOfWarrantOrRightOutstanding_iS_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zDpjrwBa38Ud" style="text-align: right" title="Warrants outstanding, beginning balance">1,896,071</td> <td> </td> <td> </td> <td> </td> <td id="xdx_988_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iS_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zF32Kn9ADf5k" style="text-align: right" title="Weighted average exercise price, beginning">2.46</td> <td> </td> <td> </td> <td> </td> <td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantExercisableNumber_iS_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zwLeHWq8hpT5" style="text-align: right" title="Warrants exercisable, beginning">1,896,071</td> <td> </td> <td> </td> <td> </td> <td id="xdx_98A_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iS_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zyxQN5ZjIpyg" style="text-align: right" title="Weighted average exercise price, exercisable beginning">2.46</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Issued</td> <td> </td> <td> </td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_d0_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_z39hXgWUNGwi" style="text-align: right" title="Warrants issued">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Canceled / exercised</td> <td> </td> <td> </td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_d0_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_z1kDq6JmLFk" style="text-align: right" title="Warrants cancelled / exercised">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Expired</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations_d0_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_ziBbJGYiBtdc" style="border-bottom: black 1pt solid; text-align: right" title="Warrants expired">–</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Outstanding December 31, 2025</td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_984_eus-gaap--ClassOfWarrantOrRightOutstanding_iE_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_z59gWc2rfHh9" style="border-bottom: black 2.25pt double; text-align: right" title="Warrants outstanding, ending balance">1,896,071</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td id="xdx_98A_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iE_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zZhD4Eeacxq8" style="border-bottom: black 2.25pt double; text-align: right" title="Weighted average exercise price, ending">2.46</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_986_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantExercisableNumber_iE_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zL724NBEInD" style="border-bottom: black 2.25pt double; text-align: right" title="Warrants exercisable, ending">1,896,071</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td id="xdx_987_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iE_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zgCHu8njAKW" style="border-bottom: black 2.25pt double; text-align: right" title="Weighted average exercise price, exercisable ending">2.46</td> <td> </td></tr> </table> The following tables summarizes outstanding warrants as of December 31, 2025: <table cellpadding="0" cellspacing="0" id="xdx_886_ecustom--ScheduleWarrantsOutstandingTableTextBlock_zSErwgCUh1q7" style="width: 100%; border-collapse: collapse; font-size: 10pt" summary="xdx: Disclosure - SHARE CAPITAL (Details - Warrant outstanding)"> <tr> <td style="vertical-align: bottom">Schedule of warrants outstanding</td> <td colspan="2" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td colspan="4" style="border-bottom: black 1pt solid; text-align: center">Warrants Outstanding</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; width: 59%; text-align: center">Range of Exercise Price</td> <td style="width: 1%; text-align: center"> </td> <td style="width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 11%; text-align: center">Number of Warrants</td> <td style="width: 1%; text-align: center"> </td> <td style="width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 11%; text-align: center">Weighted Average Exercise Price</td> <td style="width: 1%; text-align: center"> </td> <td style="width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 13%; text-align: center">Remaining Contractual Life (yrs)</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: center">$1.00 - $22.50</td> <td> </td> <td> </td> <td id="xdx_98C_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_c20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zO8Ed2BNtwD4" style="text-align: right" title="Warrants Outstanding">1,896,071</td> <td> </td> <td>$</td> <td id="xdx_98D_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iI_c20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zK3Bjp6NlU3k" style="text-align: right" title="Weighted Average Exercise Price">2.46</td> <td> </td> <td> </td> <td style="text-align: center">6.45 – 8.13</td></tr> </table>

20085119

91000

<table cellpadding="0" cellspacing="0" id="xdx_889_eus-gaap--ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock_zdnDEY2ZFPae" style="width: 100%; border-collapse: collapse; font-size: 10pt" summary="xdx: Disclosure - SHARE CAPITAL (Details - Warrants activity)"> <tr style="vertical-align: bottom"> <td>Schedule of warrant activity</td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">Number of Warrants</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">Weighted Average Exercise Price</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">Warrants Exercisable</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">Weighted Average Exercise Price</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 40%">Outstanding December 31, 2022</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_983_eus-gaap--ClassOfWarrantOrRightOutstanding_iS_c20230101__20231231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_z0GFdI87qq7l" style="width: 12%; text-align: right" title="Warrants outstanding, beginning balance">1,896,071</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_987_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iS_c20230101__20231231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zR6Ch521K0tk" style="width: 12%; text-align: right" title="Weighted average exercise price, beginning">2.46</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_98D_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantExercisableNumber_iS_c20230101__20231231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zKJzjohe0msa" style="width: 12%; text-align: right" title="Warrants exercisable, beginning">1,896,071</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_98B_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iS_c20230101__20231231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zfrjRC6Nwg2a" style="width: 12%; text-align: right" title="Weighted average exercise price, exercisable beginning">2.46</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Issued</td> <td> </td> <td> </td> <td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_d0_c20230101__20231231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zoVAmcWNzki9" style="text-align: right" title="Warrants issued">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Canceled / exercised</td> <td> </td> <td> </td> <td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_d0_c20230101__20231231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zJV1rAz2oSG6" style="text-align: right" title="Warrants cancelled / exercised">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Expired</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations_d0_c20230101__20231231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zGusrJ5Jbxnj" style="border-bottom: black 1pt solid; text-align: right" title="Warrants expired">–</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Outstanding December 31, 2023</td> <td> </td> <td> </td> <td id="xdx_982_eus-gaap--ClassOfWarrantOrRightOutstanding_iS_c20240101__20241231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_z02M3MHfB7y1" style="text-align: right" title="Warrants outstanding, beginning balance">1,896,071</td> <td> </td> <td> </td> <td> </td> <td id="xdx_981_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iS_c20240101__20241231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zZXvGS9BkWC5" style="text-align: right" title="Weighted average exercise price, beginning">2.46</td> <td> </td> <td> </td> <td> </td> <td id="xdx_985_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantExercisableNumber_iS_c20240101__20241231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zVRJltTXhjxc" style="text-align: right" title="Warrants exercisable, beginning">1,896,071</td> <td> </td> <td> </td> <td> </td> <td id="xdx_98E_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iS_c20240101__20241231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zekqQNIqKwic" style="text-align: right" title="Weighted average exercise price, exercisable beginning">2.46</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Issued</td> <td> </td> <td> </td> <td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_d0_c20240101__20241231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zRSUBCaAb5ai" style="text-align: right" title="Warrants issued">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Canceled / exercised</td> <td> </td> <td> </td> <td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_d0_c20240101__20241231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zMwt8EVSJ7Yl" style="text-align: right" title="Warrants cancelled / exercised">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Expired</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations_d0_c20240101__20241231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zi5cooHlG2ug" style="border-bottom: black 1pt solid; text-align: right" title="Warrants expired">–</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Outstanding December 31, 2024</td> <td> </td> <td> </td> <td id="xdx_98A_eus-gaap--ClassOfWarrantOrRightOutstanding_iS_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zDpjrwBa38Ud" style="text-align: right" title="Warrants outstanding, beginning balance">1,896,071</td> <td> </td> <td> </td> <td> </td> <td id="xdx_988_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iS_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zF32Kn9ADf5k" style="text-align: right" title="Weighted average exercise price, beginning">2.46</td> <td> </td> <td> </td> <td> </td> <td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantExercisableNumber_iS_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zwLeHWq8hpT5" style="text-align: right" title="Warrants exercisable, beginning">1,896,071</td> <td> </td> <td> </td> <td> </td> <td id="xdx_98A_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iS_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zyxQN5ZjIpyg" style="text-align: right" title="Weighted average exercise price, exercisable beginning">2.46</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Issued</td> <td> </td> <td> </td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_d0_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_z39hXgWUNGwi" style="text-align: right" title="Warrants issued">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Canceled / exercised</td> <td> </td> <td> </td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_d0_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_z1kDq6JmLFk" style="text-align: right" title="Warrants cancelled / exercised">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Expired</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations_d0_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_ziBbJGYiBtdc" style="border-bottom: black 1pt solid; text-align: right" title="Warrants expired">–</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Outstanding December 31, 2025</td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_984_eus-gaap--ClassOfWarrantOrRightOutstanding_iE_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_z59gWc2rfHh9" style="border-bottom: black 2.25pt double; text-align: right" title="Warrants outstanding, ending balance">1,896,071</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td id="xdx_98A_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iE_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zZhD4Eeacxq8" style="border-bottom: black 2.25pt double; text-align: right" title="Weighted average exercise price, ending">2.46</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_986_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantExercisableNumber_iE_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zL724NBEInD" style="border-bottom: black 2.25pt double; text-align: right" title="Warrants exercisable, ending">1,896,071</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td id="xdx_987_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iE_c20250101__20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zgCHu8njAKW" style="border-bottom: black 2.25pt double; text-align: right" title="Weighted average exercise price, exercisable ending">2.46</td> <td> </td></tr> </table>

1896071

2.46

1896071

2.46

1896071

2.46

1896071

2.46

1896071

2.46

1896071

2.46

1896071

2.46

1896071

2.46

<table cellpadding="0" cellspacing="0" id="xdx_886_ecustom--ScheduleWarrantsOutstandingTableTextBlock_zSErwgCUh1q7" style="width: 100%; border-collapse: collapse; font-size: 10pt" summary="xdx: Disclosure - SHARE CAPITAL (Details - Warrant outstanding)"> <tr> <td style="vertical-align: bottom">Schedule of warrants outstanding</td> <td colspan="2" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td colspan="4" style="border-bottom: black 1pt solid; text-align: center">Warrants Outstanding</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; width: 59%; text-align: center">Range of Exercise Price</td> <td style="width: 1%; text-align: center"> </td> <td style="width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 11%; text-align: center">Number of Warrants</td> <td style="width: 1%; text-align: center"> </td> <td style="width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 11%; text-align: center">Weighted Average Exercise Price</td> <td style="width: 1%; text-align: center"> </td> <td style="width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 13%; text-align: center">Remaining Contractual Life (yrs)</td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="text-align: center">$1.00 - $22.50</td> <td> </td> <td> </td> <td id="xdx_98C_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_c20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zO8Ed2BNtwD4" style="text-align: right" title="Warrants Outstanding">1,896,071</td> <td> </td> <td>$</td> <td id="xdx_98D_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iI_c20251231__us-gaap--ClassOfWarrantOrRightAxis__us-gaap--WarrantMember_zK3Bjp6NlU3k" style="text-align: right" title="Weighted Average Exercise Price">2.46</td> <td> </td> <td> </td> <td style="text-align: center">6.45 – 8.13</td></tr> </table>

1896071

2.46

6.45 – 8.13

NOTE 10. STOCK OPTION PLANS Approval of the 2016 Stock Option Plan In November 2016, the Board of Directors approved, and the Company adopted the 2016 Stock Option Plan (“the 2016 Plan”). The 2016 Plan provides for the granting of up to <span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_iI_c20251231__us-gaap--PlanNameAxis__custom--Plan2016Member_zWesDBHqnOFh" title="Shares authorized under plan">12,000,000 stock options to key employees, directors and consultants, of common shares of the Company. Under the 2016 Plan, the granting of incentive and non-qualified stock options, exercise prices and terms are determined by the Company's Option Committee, a committee designated to administer the 2016 Plan by the Board of Directors. For incentive options, the exercise price shall not be less than the fair market value of the Company's common stock on the grant date. (In the case of options granted to an employee who owns stock possessing more than 10% of the voting power of all classes of the Company's stock on the date of grant, the option price must not be less than 110% of the fair market value of common stock on the grant date.) Options granted are not to exceed terms beyond ten years (five years in the case of an incentive stock option granted to a holder of 10 percent of the Company's common stock). As of December 31, 2025, there were <span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_c20251231__us-gaap--PlanNameAxis__custom--Plan2016Member_zbOoSVPUVSfd" title="Shares available for grant">11,910,000 shares available for grant. 2006 Stock Option Plan In June 2006 the stockholders approved, and the Company adopted its 2006 Stock Option Plan (“the 2006 Plan”). The 2006 Plan provides for the granting of up to 800,000 stock options to key employees, directors and consultants, of common shares of the Company. Under the 2006 Plan, the granting of incentive and non-qualified stock options, exercise prices and terms are determined by the Company's Option Committee, a committee designated to administer the 2006 Plan by the Board of Directors. For incentive options, the exercise price shall not be less than the fair market value of the Company's common stock on the grant date. (In the case of options granted to an employee who owns stock possessing more than 10% of the voting power of all classes of the Company's stock on the date of grant, the option price must not be less than 110% of the fair market value of common stock on the grant date.) Options granted are not to exceed terms beyond ten years (five years in the case of an incentive stock option granted to a holder of 10 percent of the Company's common stock). In June 2016, the 2006 Plan expired so that no common stock options may be issued under this Plan. Stock Option Activity Activity under the 2016 and 2006 Plan is summarized as follows: <table cellpadding="0" cellspacing="0" id="xdx_88D_eus-gaap--ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_zQW3ew50eqlb" style="width: 100%; border-collapse: collapse; font-size: 10pt" summary="xdx: Disclosure - STOCK OPTION PLANS (Details - Option activity)"> <tr style="vertical-align: bottom"> <td>Schedule of stock option activity</td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">Number of Stock Options Outstanding</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">Weighted Average Exercise Price</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">Weighted Average Remaining Contractual Life (Years)</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">Aggregate Intrinsic Value</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 40%">Balance December 31, 2022</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z37kqqiarigb" style="width: 12%; text-align: right" title="Options outstanding, beginning balance">367,000</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zHjBfBsp4IG3" style="width: 12%; text-align: right" title="Weighted average exercise price, beginning">0.85</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 12%; text-align: right"><span id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zqQFhDuHamR9" title="Weighted average remaining contractual life">2.24</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iS_pp0p0_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zhWRjBT7yaj" style="width: 12%; text-align: right" title="Aggregate intrinsic value, beginning balance">0.00</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Option granted</td> <td> </td> <td> </td> <td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_d0_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zauiIeh9Ewa8" style="text-align: right" title="Options granted">–</td> <td> </td> <td> </td> <td>$</td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_d0_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z92xxW5LEcL3" style="text-align: right" title="Weighted average exercise price, granted">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Options cancelled</td> <td> </td> <td> </td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_iN_di0_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zqFoKlzjmGXa" style="text-align: right" title="Options cancelled">(30,000</td> <td>)</td> <td> </td> <td>$</td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_d0_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zCfOujtQUAIk" style="text-align: right" title="Weighted average exercise price, cancelled">0.62</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Options exercised</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_987_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_d0_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zr9nPO6XfZha" style="border-bottom: black 1pt solid; text-align: right" title="Options exercised">–</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid">$</td> <td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_d0_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zf1rs4Klq0K8" style="border-bottom: black 1pt solid; text-align: right" title="Weighted average exercise price, exercised">–</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Balance December 31, 2023</td> <td> </td> <td> </td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zOig4AkCksy5" style="text-align: right" title="Options outstanding, beginning balance">337,000</td> <td> </td> <td> </td> <td>$</td> <td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z6skWfCKtkx6" style="text-align: right" title="Weighted average exercise price, beginning">0.85</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zOYc79C4jrBb" title="Weighted average remaining contractual life">1.24</td> <td> </td> <td> </td> <td> </td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iS_pp0p0_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z3PzIohI7Dwk" style="text-align: right" title="Aggregate intrinsic value, beginning balance">0.00</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Option granted</td> <td> </td> <td> </td> <td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_d0_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zoSBCU5f7co4" style="text-align: right" title="Options granted">–</td> <td> </td> <td> </td> <td>$</td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_d0_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zQIeKteNNDv6" style="text-align: right" title="Weighted average exercise price, granted">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Options cancelled</td> <td> </td> <td> </td> <td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_iN_di0_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zA4AQAxNeyNa" style="text-align: right" title="Options cancelled">(247,000</td> <td>)</td> <td> </td> <td>$</td> <td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_d0_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zlattCHqmgEd" style="text-align: right" title="Weighted average exercise price, cancelled">1.24</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Options exercised</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_987_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_d0_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zbJc7juxvcnd" style="border-bottom: black 1pt solid; text-align: right" title="Options exercised">–</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid">$</td> <td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_d0_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zvGh4SMLTae9" style="border-bottom: black 1pt solid; text-align: right" title="Weighted average exercise price, exercised">–</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Balance December 31, 2024</td> <td> </td> <td> </td> <td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zfvYGdF4kIsj" style="text-align: right" title="Options outstanding, beginning balance">90,000</td> <td> </td> <td> </td> <td>$</td> <td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zsgoq9PlsWJk" style="text-align: right" title="Weighted average exercise price, beginning">0.05</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"><span id="xdx_90C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z6XBy10fUvc2" title="Weighted average remaining contractual life">2.87</td> <td> </td> <td> </td> <td> </td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iS_pp0p0_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z1jX4QxA2r5h" style="text-align: right" title="Aggregate intrinsic value, beginning balance">0.00</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Option granted</td> <td> </td> <td> </td> <td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_d0_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zoPZ0ilKxNve" style="text-align: right" title="Options granted">–</td> <td> </td> <td> </td> <td>$</td> <td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_d0_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zv9ZUhZaMs1c" style="text-align: right" title="Weighted average exercise price, granted">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Options cancelled</td> <td> </td> <td> </td> <td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_iN_di0_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zXX46CBrB4Jh" style="text-align: right" title="Options cancelled">–</td> <td> </td> <td> </td> <td>$</td> <td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_d0_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zbhrsH7yD4ma" style="text-align: right" title="Weighted average exercise price, cancelled">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Options exercised</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_989_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_d0_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z13cHHEGswv3" style="border-bottom: black 1pt solid; text-align: right" title="Options exercised">–</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid">$</td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_d0_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zPK56qkDG7R5" style="border-bottom: black 1pt solid; text-align: right" title="Weighted average exercise price, exercised">–</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Balance December 31, 2025</td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zvSh1m071Yxb" style="border-bottom: black 2.25pt double; text-align: right" title="Options outstanding, ending balance">90,000</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z2r4N7r5U8Ji" style="border-bottom: black 2.25pt double; text-align: right" title="Weighted average exercise price, ending">0.05</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right"><span id="xdx_907_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zUdbTB8q7ax7" title="Weighted average remaining contractual life">1.87</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iE_pp0p0_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zLH7CJRQY2fh" style="border-bottom: black 2.25pt double; text-align: right" title="Aggregate intrinsic value, ending balance">0.00</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Exercisable at December 31, 2025</td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_c20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zyky9kIt2fO8" style="border-bottom: black 2.25pt double; text-align: right" title="Options exercisable">90,000</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_c20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zKusmJoKxVW8" style="border-bottom: black 2.25pt double; text-align: right" title="Weighted average exercise price, exercisable">0.05</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right"><span id="xdx_90E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zNOOOL849SY4" title="Weighted average remaining contractual life exercisable">1.87</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_985_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_iI_pp0p0_c20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zB8OxGjg8HI" style="border-bottom: black 2.25pt double; text-align: right" title="Aggregate intrinsic value, exercisable">0.00</td> <td> </td></tr> </table> All outstanding and exercisable common stock options at December 31, 2025 are issued under the 2016 Plan with an exercise price of $0.05 per share. As of December 31, 2025, 2024 and 2023, there was no unrecognized compensation cost related to all options granted and outstanding.

12000000

11910000

<table cellpadding="0" cellspacing="0" id="xdx_88D_eus-gaap--ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_zQW3ew50eqlb" style="width: 100%; border-collapse: collapse; font-size: 10pt" summary="xdx: Disclosure - STOCK OPTION PLANS (Details - Option activity)"> <tr style="vertical-align: bottom"> <td>Schedule of stock option activity</td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">Number of Stock Options Outstanding</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">Weighted Average Exercise Price</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">Weighted Average Remaining Contractual Life (Years)</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">Aggregate Intrinsic Value</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 40%">Balance December 31, 2022</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z37kqqiarigb" style="width: 12%; text-align: right" title="Options outstanding, beginning balance">367,000</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zHjBfBsp4IG3" style="width: 12%; text-align: right" title="Weighted average exercise price, beginning">0.85</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 12%; text-align: right"><span id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20220101__20221231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zqQFhDuHamR9" title="Weighted average remaining contractual life">2.24</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iS_pp0p0_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zhWRjBT7yaj" style="width: 12%; text-align: right" title="Aggregate intrinsic value, beginning balance">0.00</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Option granted</td> <td> </td> <td> </td> <td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_d0_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zauiIeh9Ewa8" style="text-align: right" title="Options granted">–</td> <td> </td> <td> </td> <td>$</td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_d0_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z92xxW5LEcL3" style="text-align: right" title="Weighted average exercise price, granted">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Options cancelled</td> <td> </td> <td> </td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_iN_di0_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zqFoKlzjmGXa" style="text-align: right" title="Options cancelled">(30,000</td> <td>)</td> <td> </td> <td>$</td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_d0_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zCfOujtQUAIk" style="text-align: right" title="Weighted average exercise price, cancelled">0.62</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Options exercised</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_987_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_d0_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zr9nPO6XfZha" style="border-bottom: black 1pt solid; text-align: right" title="Options exercised">–</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid">$</td> <td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_d0_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zf1rs4Klq0K8" style="border-bottom: black 1pt solid; text-align: right" title="Weighted average exercise price, exercised">–</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Balance December 31, 2023</td> <td> </td> <td> </td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zOig4AkCksy5" style="text-align: right" title="Options outstanding, beginning balance">337,000</td> <td> </td> <td> </td> <td>$</td> <td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z6skWfCKtkx6" style="text-align: right" title="Weighted average exercise price, beginning">0.85</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"><span id="xdx_907_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20230101__20231231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zOYc79C4jrBb" title="Weighted average remaining contractual life">1.24</td> <td> </td> <td> </td> <td> </td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iS_pp0p0_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z3PzIohI7Dwk" style="text-align: right" title="Aggregate intrinsic value, beginning balance">0.00</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Option granted</td> <td> </td> <td> </td> <td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_d0_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zoSBCU5f7co4" style="text-align: right" title="Options granted">–</td> <td> </td> <td> </td> <td>$</td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_d0_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zQIeKteNNDv6" style="text-align: right" title="Weighted average exercise price, granted">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Options cancelled</td> <td> </td> <td> </td> <td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_iN_di0_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zA4AQAxNeyNa" style="text-align: right" title="Options cancelled">(247,000</td> <td>)</td> <td> </td> <td>$</td> <td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_d0_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zlattCHqmgEd" style="text-align: right" title="Weighted average exercise price, cancelled">1.24</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Options exercised</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_987_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_d0_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zbJc7juxvcnd" style="border-bottom: black 1pt solid; text-align: right" title="Options exercised">–</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid">$</td> <td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_d0_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zvGh4SMLTae9" style="border-bottom: black 1pt solid; text-align: right" title="Weighted average exercise price, exercised">–</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Balance December 31, 2024</td> <td> </td> <td> </td> <td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zfvYGdF4kIsj" style="text-align: right" title="Options outstanding, beginning balance">90,000</td> <td> </td> <td> </td> <td>$</td> <td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zsgoq9PlsWJk" style="text-align: right" title="Weighted average exercise price, beginning">0.05</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"><span id="xdx_90C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z6XBy10fUvc2" title="Weighted average remaining contractual life">2.87</td> <td> </td> <td> </td> <td> </td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iS_pp0p0_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z1jX4QxA2r5h" style="text-align: right" title="Aggregate intrinsic value, beginning balance">0.00</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Option granted</td> <td> </td> <td> </td> <td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_d0_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zoPZ0ilKxNve" style="text-align: right" title="Options granted">–</td> <td> </td> <td> </td> <td>$</td> <td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_d0_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zv9ZUhZaMs1c" style="text-align: right" title="Weighted average exercise price, granted">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Options cancelled</td> <td> </td> <td> </td> <td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_iN_di0_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zXX46CBrB4Jh" style="text-align: right" title="Options cancelled">–</td> <td> </td> <td> </td> <td>$</td> <td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_d0_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zbhrsH7yD4ma" style="text-align: right" title="Weighted average exercise price, cancelled">–</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Options exercised</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_989_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_d0_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z13cHHEGswv3" style="border-bottom: black 1pt solid; text-align: right" title="Options exercised">–</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid">$</td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_d0_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zPK56qkDG7R5" style="border-bottom: black 1pt solid; text-align: right" title="Weighted average exercise price, exercised">–</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Balance December 31, 2025</td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zvSh1m071Yxb" style="border-bottom: black 2.25pt double; text-align: right" title="Options outstanding, ending balance">90,000</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z2r4N7r5U8Ji" style="border-bottom: black 2.25pt double; text-align: right" title="Weighted average exercise price, ending">0.05</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right"><span id="xdx_907_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zUdbTB8q7ax7" title="Weighted average remaining contractual life">1.87</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iE_pp0p0_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zLH7CJRQY2fh" style="border-bottom: black 2.25pt double; text-align: right" title="Aggregate intrinsic value, ending balance">0.00</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td>Exercisable at December 31, 2025</td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_c20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zyky9kIt2fO8" style="border-bottom: black 2.25pt double; text-align: right" title="Options exercisable">90,000</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_c20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zKusmJoKxVW8" style="border-bottom: black 2.25pt double; text-align: right" title="Weighted average exercise price, exercisable">0.05</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right"><span id="xdx_90E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zNOOOL849SY4" title="Weighted average remaining contractual life exercisable">1.87</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td id="xdx_985_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_iI_pp0p0_c20251231__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zB8OxGjg8HI" style="border-bottom: black 2.25pt double; text-align: right" title="Aggregate intrinsic value, exercisable">0.00</td> <td> </td></tr> </table>

367000

0.85

P2Y2M26D

0.00

30000

0.62

337000

0.85

P1Y2M26D

0.00

247000

1.24

90000

0.05

P2Y10M13D

0.00

-0

90000

0.05

P1Y10M13D

0.00

90000

0.05

P1Y10M13D

0.00

NOTE 11. INCOME TAXES The tax effects of temporary differences that give rise to the Company’s deferred tax assets are as follows: <table cellpadding="0" cellspacing="0" id="xdx_88A_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_z8VfXofRUI7j" style="width: 100%; border-collapse: collapse; font-size: 10pt" summary="xdx: Disclosure - INCOME TAXES (Details - Deferred tax assets)"> <tr style="vertical-align: bottom"> <td>Schedule of deferred tax assets</td> <td> </td> <td colspan="2" id="xdx_491_20251231" style="text-align: center"> </td> <td> </td> <td> </td> <td colspan="2" id="xdx_490_20241231" style="text-align: center"> </td> <td> </td> <td> </td> <td colspan="2" id="xdx_49F_20231231_zlRB6jD2wgDj" style="text-align: center"> </td> <td> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">2025</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">2024</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">2023</td> <td> </td></tr> <tr id="xdx_406_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_pp0p0_maDTAGzCFP_z5ODENj56dq9" style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 52%">Loss carryforwards</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 13%; text-align: right">717,666</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 13%; text-align: right">698,900</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 13%; text-align: right">755,500</td> <td style="width: 1%"> </td></tr> <tr id="xdx_401_ecustom--DeferredTaxAssetsOilAndGasProperties_iI_pp0p0_maDTAGzCFP_zqVpKhlY3Aoh" style="vertical-align: bottom; background-color: white"> <td>Oil & Gas properties</td> <td> </td> <td> </td> <td style="text-align: right">1,723,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">1,726,900</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">1,784,800</td> <td> </td></tr> <tr id="xdx_40B_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations_iI_pp0p0_maDTAGzCFP_zj2bOQQipsIg" style="vertical-align: bottom; background-color: #EEEEEE"> <td>Asset retirement obligation</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">175,700</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">175,700</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">175,700</td> <td> </td></tr> <tr id="xdx_400_eus-gaap--DeferredTaxAssetsGross_iTI_pp0p0_mtDTAGzCFP_maDTANzpUC_zkZbNzmaeDrl" style="vertical-align: bottom; background-color: white"> <td>Deferred tax asset</td> <td> </td> <td> </td> <td style="text-align: right">2,616,366</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2,601,500</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2,716,000</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr id="xdx_40F_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_pp0p0_di_msDTANzpUC_zL6iNuNZv921" style="vertical-align: bottom; background-color: white"> <td>Less valuation allowance</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(2,616,366</td> <td>)</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(2,601,500</td> <td>)</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(2,716,000</td> <td>)</td></tr> <tr id="xdx_40F_eus-gaap--DeferredTaxAssetsNet_iTI_pp0p0_d0_mtDTANzpUC_zVKOvnXAx4Yl" style="vertical-align: bottom; background-color: #EEEEEE"> <td>Deferred tax asset recognized</td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">–</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">–</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">–</td> <td> </td></tr> </table> Upon continuation to Canada in 2004, all losses carried forward at that time expired. As of December 31, 2025, the Company had net Canadian operating loss carryforwards of approximately $2.9 million available to offset future taxable income. The carry-forwards began expiring in 2014 and unless utilized will continue to expire. The Company also has approximately $<span id="xdx_907_ecustom--CanadianOilAndGasDedicationPools_pn5n6_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__us-gaap--CanadaRevenueAgencyMember_zNyouped2zJk" title="Canadian oil and gas dedication pools">6.9 million in Canadian oil and gas dedication pools that can be used to offset income of future periods. The amount of oil and gas dedication pools available for deduction in any year may be limited to 30% of the amount available. The Company evaluates its valuation allowance requirements based on projected future operations. When circumstances change and this causes a change in management's judgment about the recoverability of deferred tax assets, the impact of the change on the valuation allowance is reflected in current income. During the years ended December 31, 2025, 2024 and 2023, changes in valuation allowance were $14,866, ($114,500), and $14,000, respectively. The (benefit) provision for income taxes differs from the amount of income tax determined by applying the applicable Canadian statutory federal income tax rate to pre-tax income loss as a result of the following differences: <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_z3TEOIntV9P3" style="border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INCOME TAXES (Details - Income tax rate)"> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify">Schedule of effective income tax rate</td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_493_20250101__20251231_z9jEfKXAJxRh" style="font-size: 10pt; text-align: center"> </td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_49D_20240101__20241231_zYqiHCuQmxd2" style="font-size: 10pt; text-align: center"> </td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_499_20230101__20231231_z0APLhQnysIa" style="font-size: 10pt; text-align: center"> </td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify"> </td> <td colspan="5" style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center">2025</td><td style="padding-bottom: 1pt; font-size: 10pt"> </td> <td colspan="5" style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center">2024</td><td style="padding-bottom: 1pt; font-size: 10pt"> </td> <td colspan="5" style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center">2023</td><td style="padding-bottom: 1pt; font-size: 10pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify"> </td> <td colspan="2" style="font-size: 10pt; text-align: justify"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: justify"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: justify"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: justify"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: justify"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: justify"> </td><td style="font-size: 10pt"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_hus-gaap--IncomeTaxAuthorityAxis__us-gaap--DomesticCountryMember_maITEBzTX1_z21i9hTWdiz5" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 40%; font-size: 10pt; text-align: justify">Statutory federal income tax rate</td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 8%; font-size: 10pt; text-align: right">(9,647</td><td style="width: 1%; font-size: 10pt; text-align: left">)</td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 8%; font-size: 10pt; text-align: right">25%</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 8%; font-size: 10pt; text-align: right">2,809</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 8%; font-size: 10pt; text-align: right">25%</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 8%; font-size: 10pt; text-align: right">(6,570</td><td style="width: 1%; font-size: 10pt; text-align: left">)</td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 8%; font-size: 10pt; text-align: right">25%</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_zUcB8wvLaal7" style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: justify">Change in valuation allowance</td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(14,865</td><td style="font-size: 10pt; text-align: left">)</td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">39%</td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">449</td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">4%</td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">263</td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(1%</td><td style="font-size: 10pt; text-align: left">)</td></tr> <tr id="xdx_409_ecustom--IncomeTaxReconciliationNonDeductibleChangeInFairValueOfDerivativeLiability_zG4NincJFMde" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="font-size: 10pt; text-align: justify">Non-deductible change in fair value of derivative liability</td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">11,920</td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"><span id="xdx_904_ecustom--EffectiveIncomeTaxRateReconciliationNondeductibleChangeInFairValueOfDerivativeLiability_dp_c20250101__20251231_zrib2EQ0vLke" title="Non-deductible change in fair value of derivative liability, percentage">(31%</td><td style="font-size: 10pt; text-align: left">)</td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(899</td><td style="font-size: 10pt; text-align: left">)</td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"><span id="xdx_90B_ecustom--EffectiveIncomeTaxRateReconciliationNondeductibleChangeInFairValueOfDerivativeLiability_dp_c20240101__20241231_zxYBtAMlCBnd" title="Non-deductible change in fair value of derivative liability, percentage">(8%</td><td style="font-size: 10pt; text-align: left">)</td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(788</td><td style="font-size: 10pt; text-align: left">)</td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"><span id="xdx_903_ecustom--EffectiveIncomeTaxRateReconciliationNondeductibleChangeInFairValueOfDerivativeLiability_dp_c20230101__20231231_zdeNDRQsukik" title="Non-deductible change in fair value of derivative liability, percentage">3%</td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxReconciliationTaxSettlementsForeign_zouCsmhI4KGc" style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: justify; padding-bottom: 1pt">Effect of foreign exchange</td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">12,592</td><td style="padding-bottom: 1pt; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(33%</td><td style="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(2,359</td><td style="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(21%</td><td style="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">7,095</td><td style="padding-bottom: 1pt; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(27%</td><td style="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--IncomeTaxExpenseBenefit_mtITEBzTX1_zR0UkNbApnPd" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="font-size: 10pt; text-align: justify; padding-bottom: 2.5pt">Total</td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">0</td><td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">0%</td><td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">0</td><td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">0%</td><td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">0</td><td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">0%</td><td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left"> </td></tr> </table> The Company has evaluated its tax positions for the years ended December 31, 2025, 2024 and 2023 and determined that it has no uncertain tax positions requiring financial statement recognition. Under ASC 740-10-25, the impact of an uncertain income tax position on income tax expense must be recognized at the largest amount that is more-likely-than-not to be sustained. An uncertain income tax position will not be recognized if it has 50% or less likelihood of being sustained. Interest and penalties are accrued on uncertain tax positions as a component of the provision for income taxes. There was no amount of interest and penalties recognized as an expense during 2025, 2024 and 2023. The Company’s income tax returns are generally considered closed to examination when a notice of determination is filed with the taxing authority. No such notice has been filed to date. The most recent tax return filed by the Company is for the year ended December 31, 2017.

<table cellpadding="0" cellspacing="0" id="xdx_88A_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_z8VfXofRUI7j" style="width: 100%; border-collapse: collapse; font-size: 10pt" summary="xdx: Disclosure - INCOME TAXES (Details - Deferred tax assets)"> <tr style="vertical-align: bottom"> <td>Schedule of deferred tax assets</td> <td> </td> <td colspan="2" id="xdx_491_20251231" style="text-align: center"> </td> <td> </td> <td> </td> <td colspan="2" id="xdx_490_20241231" style="text-align: center"> </td> <td> </td> <td> </td> <td colspan="2" id="xdx_49F_20231231_zlRB6jD2wgDj" style="text-align: center"> </td> <td> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">2025</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">2024</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center">2023</td> <td> </td></tr> <tr id="xdx_406_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_pp0p0_maDTAGzCFP_z5ODENj56dq9" style="vertical-align: bottom; background-color: #EEEEEE"> <td style="width: 52%">Loss carryforwards</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 13%; text-align: right">717,666</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 13%; text-align: right">698,900</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 13%; text-align: right">755,500</td> <td style="width: 1%"> </td></tr> <tr id="xdx_401_ecustom--DeferredTaxAssetsOilAndGasProperties_iI_pp0p0_maDTAGzCFP_zqVpKhlY3Aoh" style="vertical-align: bottom; background-color: white"> <td>Oil & Gas properties</td> <td> </td> <td> </td> <td style="text-align: right">1,723,000</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">1,726,900</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">1,784,800</td> <td> </td></tr> <tr id="xdx_40B_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations_iI_pp0p0_maDTAGzCFP_zj2bOQQipsIg" style="vertical-align: bottom; background-color: #EEEEEE"> <td>Asset retirement obligation</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">175,700</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">175,700</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">175,700</td> <td> </td></tr> <tr id="xdx_400_eus-gaap--DeferredTaxAssetsGross_iTI_pp0p0_mtDTAGzCFP_maDTANzpUC_zkZbNzmaeDrl" style="vertical-align: bottom; background-color: white"> <td>Deferred tax asset</td> <td> </td> <td> </td> <td style="text-align: right">2,616,366</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2,601,500</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2,716,000</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #EEEEEE"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr id="xdx_40F_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_pp0p0_di_msDTANzpUC_zL6iNuNZv921" style="vertical-align: bottom; background-color: white"> <td>Less valuation allowance</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(2,616,366</td> <td>)</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(2,601,500</td> <td>)</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(2,716,000</td> <td>)</td></tr> <tr id="xdx_40F_eus-gaap--DeferredTaxAssetsNet_iTI_pp0p0_d0_mtDTANzpUC_zVKOvnXAx4Yl" style="vertical-align: bottom; background-color: #EEEEEE"> <td>Deferred tax asset recognized</td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">–</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">–</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">–</td> <td> </td></tr> </table>

717666

698900

755500

1723000 1726900 1784800

175700

2616366

2601500

2716000

2616366

2601500

2716000

2900000

6900000

14866

114500

14000

<table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_z3TEOIntV9P3" style="border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INCOME TAXES (Details - Income tax rate)"> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify">Schedule of effective income tax rate</td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_493_20250101__20251231_z9jEfKXAJxRh" style="font-size: 10pt; text-align: center"> </td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_49D_20240101__20241231_zYqiHCuQmxd2" style="font-size: 10pt; text-align: center"> </td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_499_20230101__20231231_z0APLhQnysIa" style="font-size: 10pt; text-align: center"> </td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify"> </td> <td colspan="5" style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center">2025</td><td style="padding-bottom: 1pt; font-size: 10pt"> </td> <td colspan="5" style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center">2024</td><td style="padding-bottom: 1pt; font-size: 10pt"> </td> <td colspan="5" style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center">2023</td><td style="padding-bottom: 1pt; font-size: 10pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify"> </td> <td colspan="2" style="font-size: 10pt; text-align: justify"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: justify"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: justify"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: justify"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: justify"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: justify"> </td><td style="font-size: 10pt"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_hus-gaap--IncomeTaxAuthorityAxis__us-gaap--DomesticCountryMember_maITEBzTX1_z21i9hTWdiz5" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 40%; font-size: 10pt; text-align: justify">Statutory federal income tax rate</td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 8%; font-size: 10pt; text-align: right">(9,647</td><td style="width: 1%; font-size: 10pt; text-align: left">)</td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 8%; font-size: 10pt; text-align: right">25%</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 8%; font-size: 10pt; text-align: right">2,809</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 8%; font-size: 10pt; text-align: right">25%</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 8%; font-size: 10pt; text-align: right">(6,570</td><td style="width: 1%; font-size: 10pt; text-align: left">)</td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 8%; font-size: 10pt; text-align: right">25%</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_zUcB8wvLaal7" style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: justify">Change in valuation allowance</td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(14,865</td><td style="font-size: 10pt; text-align: left">)</td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">39%</td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">449</td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">4%</td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">263</td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(1%</td><td style="font-size: 10pt; text-align: left">)</td></tr> <tr id="xdx_409_ecustom--IncomeTaxReconciliationNonDeductibleChangeInFairValueOfDerivativeLiability_zG4NincJFMde" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="font-size: 10pt; text-align: justify">Non-deductible change in fair value of derivative liability</td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">11,920</td><td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"><span id="xdx_904_ecustom--EffectiveIncomeTaxRateReconciliationNondeductibleChangeInFairValueOfDerivativeLiability_dp_c20250101__20251231_zrib2EQ0vLke" title="Non-deductible change in fair value of derivative liability, percentage">(31%</td><td style="font-size: 10pt; text-align: left">)</td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(899</td><td style="font-size: 10pt; text-align: left">)</td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"><span id="xdx_90B_ecustom--EffectiveIncomeTaxRateReconciliationNondeductibleChangeInFairValueOfDerivativeLiability_dp_c20240101__20241231_zxYBtAMlCBnd" title="Non-deductible change in fair value of derivative liability, percentage">(8%</td><td style="font-size: 10pt; text-align: left">)</td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(788</td><td style="font-size: 10pt; text-align: left">)</td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"><span id="xdx_903_ecustom--EffectiveIncomeTaxRateReconciliationNondeductibleChangeInFairValueOfDerivativeLiability_dp_c20230101__20231231_zdeNDRQsukik" title="Non-deductible change in fair value of derivative liability, percentage">3%</td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxReconciliationTaxSettlementsForeign_zouCsmhI4KGc" style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: justify; padding-bottom: 1pt">Effect of foreign exchange</td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">12,592</td><td style="padding-bottom: 1pt; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(33%</td><td style="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(2,359</td><td style="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(21%</td><td style="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">7,095</td><td style="padding-bottom: 1pt; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(27%</td><td style="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--IncomeTaxExpenseBenefit_mtITEBzTX1_zR0UkNbApnPd" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="font-size: 10pt; text-align: justify; padding-bottom: 2.5pt">Total</td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">0</td><td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">0%</td><td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">0</td><td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">0%</td><td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">0</td><td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">0%</td><td style="padding-bottom: 2.5pt; font-size: 10pt; text-align: left"> </td></tr> </table>

-9647

0.25

2809

0.25

-6570

0.25

-14865

0.39

449

0.04

263

-0.01

11920 -0.31 -899 -0.08 -788 0.03

12592

-0.33

-2359

-0.21

7095

-0.27

NOTE 12. COMMITMENTS AND CONTINGENCIES In the ordinary course of business, we may be exposed to claims and threatened litigation, and use various methods to resolve these matters in a manner that we believe serves the best interest of our shareholders and other constituents. When a loss is probable, we disclose the amount of probable loss, or disclose a range of reasonably possible losses if they are material and we are able to estimate such a range. If we cannot provide an estimate, we explain the factors that prevent us from doing so. We believe the recorded reserves in our consolidated financial statements are adequate in light of the probable and estimable liabilities. We do not presently believe that any claims or litigation will be material to our results of operations, cash flows, or financial condition. Environmental Matters The Company is engaged in oil and gas exploration and may become subject to certain liabilities as they relate to environmental cleanup of sites or other environmental restoration procedures as they relate to the exploration of oil and gas. Should it be determined that a liability exists with respect to any environmental clean-up or restoration, the liability to cure such a violation could fall upon the Company. No claim has been made, nor is the Company aware of any liability, which it may have, as it relates to any environmental clean-up, restoration or the violation of any rules or regulations relating thereto. Liabilities for expenditures are recorded when environmental assessment and/or remediation is probable, and the costs can be reasonably estimated.

NOTE 13 – SEGMENT REPORTING ASC Topic 280, “Segment Reporting” establishes the standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. The Company is managed as one operating unit, rather than multiple reporting units, for internal reporting purposes and for internal decision-making and discloses its operating results in a single reportable segment. The Company’s chief operating decision maker (“CODM”), represented by the Company’s Chief Executive Officer and President, reviews financial information and assesses the operations of the Company in order to make strategic decisions such as allocation of resources and assessing operating performance.

NOTE 14. SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were available to be issued and has determined that it does not have any material subsequent events to disclose in these financial statements, other than the following: On February 26, 2026, the Company borrowed $7,314 ($10,000 Canadian) under a note agreement with a related party. The note payable bears interest at the rate of 10% and is payable twelve months from inception. However, the Company can repay the loan and outstanding interest thereon at any time during the term of the loan. The lender can opt to be repaid in whole or in-part in common shares of the company, at $0.005 per share.