| Schedule of intangible assets |
| Schedule of intangible assets |
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
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| |
|
December 31, 2025 |
|
|
December 31, 2024 |
|
| |
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Book
Value |
|
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Book
Value |
|
| Extraction Technology Patents |
|
|
|
|
|
|
|
) |
|
|
|
|
|
|
|
|
|
|
|
) |
|
|
|
|
| Extraction Technology Patents |
|
|
|
|
|
|
|
) |
|
|
|
|
|
|
|
|
|
|
|
) |
|
|
|
|
| Total Intangible Assets |
|
$ |
16,498,587 |
|
|
$ |
(8,975,815 |
) |
|
$ |
7,522,772 |
|
|
$ |
16,498,587 |
|
|
$ |
(8,149,884 |
) |
|
$ |
8,348,703 |
|
|
| Schedule of customer relationships |
| Schedule of customer relationships |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31, 2025 |
|
|
December 31, 2024 |
|
| |
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Book
Value |
|
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Book
Value |
|
| Oil Storage Agreement |
|
$ |
7,387,054 |
|
|
$ |
(2,680,259 |
) |
|
$ |
4,706,795 |
|
|
$ |
7,387,054 |
|
|
$ |
(1,895,793 |
) |
|
$ |
5,491,261 |
|
| Crude Petroleum Supply Agreement |
|
|
9,401,706 |
|
|
|
(3,411,234 |
) |
|
|
5,990,472 |
|
|
|
9,401,706 |
|
|
|
(2,412,823 |
) |
|
|
6,988,883 |
|
| Customer Relationships |
|
|
31,304,400 |
|
|
|
(3,817,610 |
) |
|
|
27,486,790 |
|
|
|
31,304,400 |
|
|
|
(763,522 |
) |
|
|
30,540,878 |
|
| Total Customer Relationships |
|
$ |
48,093,160 |
|
|
$ |
(9,909,103 |
) |
|
$ |
38,184,057 |
|
|
$ |
48,093,160 |
|
|
$ |
(5,072,138 |
) |
|
$ |
43,021,022 |
|
|
| Schedule of summarizes estimated amortization expense |
| Schedule of summarizes estimated amortization expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Estimated |
|
| Intangible Assets |
|
2026 |
|
|
2027 |
|
|
2028 |
|
|
2029 |
|
|
2030 |
|
| Amortization Expense |
|
$ |
5,580,353 |
|
|
$ |
5,580,353 |
|
|
$ |
5,580,353 |
|
|
$ |
5,580,353 |
|
|
$ |
5,580,353 |
|
|
| Schedule of goodwill |
| Schedule of goodwill |
|
|
|
|
| |
|
Goodwill |
|
| January 1, 2024 |
|
$ |
14,984,768 |
|
| Business combination |
|
|
53,901,085 |
|
| December 31, 2024 |
|
$ |
68,885,853 |
|
| Divestiture of wholly owned subsidiaries |
|
|
(28,316,081 |
) |
| Impairment |
|
|
(40,569,772 |
) |
| Balance at December 31, 2025 |
|
$ |
- |
|
|