LEASES (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Future Lease Payments of Operating Lease and Finance Lease

Future lease payments associated with these operating and financing leases as of March 31, 2026 are as follows:


	2026		2027		2028		2029		2030		Other Future Years		Total
Operating lease payments	$	450,325	$	460,497	$	250,606	$	149,628	$	—	$	—	$	1,311,056
Financing lease payments	600,452		481,866		175,360		2,664		—		—		1,260,342

Schedule of Lease Cost

The following table shows the weighted average remaining lease term and the weighted average discount rate for the Company's leases as of the dates indicated.


	As of
	March 31, 2026	December 31, 2025
Operating leases
Weighted average remaining lease term (in years)	2.58	2.71
Weighted average discount rate	4.50%	4.50%

Finance leases
Weighted average remaining lease term (in years)	1.90	1.99
Weighted average discount rate	7.50%	7.50%

The following table provides supplemental information regarding lease costs in the Condensed Statements of Operations:


	For the Three Months Ended
		March 31, 2026		March 31, 2025
Operating lease costs		$	175,091	$	175,091
Short-term lease costs (1)		843,387		1,152,304
Financing lease costs:
Amortization of financing lease assets (2)		193,437		264,787
Interest on financing lease liabilities (3)		23,886		28,741

(1)Amount included in Lease operating expenses

(2)Amount included in Depreciation, depletion and amortization

(3)Amount included in Interest (expense)

Schedule of Reconciliation Between the Undiscounted Future Cash Flows and the Operating and Financing Lease Liabilities

The following table represents a reconciliation between the undiscounted future cash flows in the table above and the operating and financing lease liabilities disclosed in the Condensed Balance Sheets:


	As of
	March 31, 2026		December 31, 2025
Operating lease liability, current portion	$	539,464	$	586,614
Operating lease liability, non-current portion	695,226		819,223
Operating lease liability, total	$	1,234,690	$	1,405,837
Total undiscounted future cash flows (sum of future operating lease payments)	1,311,056		1,497,380
Imputed interest	76,366		91,543
Undiscounted future cash flows less imputed interest	$	1,234,690	$	1,405,837

Financing lease liability, current portion	$	686,697	$	730,564
Financing lease liability, non-current portion	487,110		593,146
Financing lease liability, total	$	1,173,807	$	1,323,710
Total undiscounted future cash flows (sum of future financing lease payments)	1,260,342		1,428,999
Imputed interest	86,535		105,289
Undiscounted future cash flows less imputed interest	$	1,173,807	$	1,323,710

Schedule of Gain (Loss) on Disposal of Assets

During the three months ended March 31, 2026 and 2025, the Company recorded a gain (loss) on disposal of assets, which was impacted by the sale of owned vehicles, as follows:


	For the Three Months Ended
		March 31, 2026		March 31, 2025
Sale of owned vehicles		$	—	$	(6,974)
Sale of leased vehicles		—		131,584
Gain (loss) on disposal of assets		$	—	$	124,610

During the three months ended March 31, 2026 and 2025, the Company recorded a gain (loss) on disposal of assets, which was impacted by the sale of leased vehicles, as follows:


	For the Three Months Ended
		March 31, 2026		March 31, 2025
Sale of owned vehicles		$	—	$	(6,974)
Sale of leased vehicles		—		131,584
Gain (loss) on disposal of assets		$	—	$	124,610