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<p id="xdx_80B_eus-gaap--OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_zczoudHhUlga" style="font: 10pt Times New Roman; text-align: justify; margin-top: 0; margin-bottom: 0">Note 1. Description of Business Vivakor, Inc. (collectively “we”, “us,” “our,” “Vivakor,” or the “Company”) is an integrated provider of midstream services and environmental solutions within the oil and gas industry. The Company owns and operates a diversified portfolio of midstream infrastructure assets located in several of the nation’s oil-producing basins, complemented by related environmental service offerings. The Company conducts its operations through three primary business segments: transportation and logistics, terminaling and storage services, and supply and trading. The transportation and logistics segment includes crude oil gathering and transportation assets, including pipeline and trucking operations in the Permian and Anadarko Basins. The terminaling and storage services segment consists of crude oil terminal facilities located in Colorado City, Texas and Delhi, Louisiana. The supply and trading segment purchases and markets crude oil, condensate, and related hydrocarbon products. The Company is also developing an environmental services business through the planned deployment of Remediation Processing Centers (“RPCs”), which are designed to recover hydrocarbons from contaminated soils and related waste streams. The RPC is under construction in Harris County, Texas. On October 1, 2024, the Company acquired certain entities (the “Endeavor Entities”), expanding its midstream operations. During 2025, the Company completed the sale of certain non-core assets acquired in this transaction as part of a strategic review. On July 30, 2025, the Company sold certain non-core business units of Meridian Equipment Leasing, LLC and Equipment Transport, LLC, both subsidiaries included with the Endeavor Entities, in order to streamline operations and focus on core midstream transportation, terminaling, and environmental processing activities. See Note 4 – Business Combination and Divestiture of Wholly Owned Subsidiaries for additional information.

Note 2. Summary of Significant Accounting Policies The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, considered necessary for a fair presentation of the interim periods presented. These interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. The consolidated financial statements include the accounts of the Company and its wholly owned and majority-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for the full fiscal year. Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ materially from those estimates. Change in Estimated Useful Lives During the three months ended March 31, 2026, the Company reassessed the estimated useful lives of certain property and equipment based on operational experience, expected usage, and updated maintenance and replacement assumptions. As a result, the Company revised the estimated useful lives of certain assets on a prospective basis effective January 1, 2026. The change in estimate was accounted for prospectively in accordance with ASC 250, Accounting Changes and Error Corrections. The effect of the change was to decrease depreciation expense by approximately $405,000 for the three months ended March 31, 2026. Revenue Recognition The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers. Revenue from the sale of crude oil and related petroleum products is recognized at a point in time when control transfers to the customer, generally upon delivery. Revenue from terminaling, storage, pipeline throughput, and transportation services is recognized over time as services are performed. Segment Reporting The Company operates through three reportable business segments: (i) Transportation and Logistics, (ii) Terminaling and Storage, and (iii) Supply and Trading. Related Party Revenues Revenue from related parties was $5,364,726 and $4,551,775 for the quarters ended March 2026 and 2025, respectively. The Company generates revenue from related parties through the sale of crude oil and related products, as well as the provision of terminaling, storage, pipeline throughput, and transportation logistics services under long-term contracts. These contracts were acquired as part of the Company’s acquisitions of Silver Fuels Delhi, LLC and White Claw Colorado City, LLC in August 2022, and Endeavor Crude, LLC in October 2024, and were entered into in the ordinary course of business. The Company evaluates collectability of related party receivables in a manner consistent with other customers. Major Customers and Concentration of Credit Risk During the three months ended March 31, 2026, two customers, including one related party, accounted for approximately <span id="xdx_908_ecustom--ConcentrationRisksPercentage_dp_c20260101__20260331__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--TwoCustomersMember_znFJ7K1f3vYc" title="Concentration risk, percentage">90% of the Company’s revenues. As of March 31, 2026, no significant accounts receivable balances were outstanding from these customers. During the three months ended March 31, 2025, two customers, including one related party, accounted for approximately <span id="xdx_90D_ecustom--ConcentrationRisksPercentage_dp_c20250101__20250331__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--TwoCustomersMember_zOYxRg1MiQS3" title="Concentration risk, percentage">15% of the Company’s revenues. As of March 31, 2025, these customers represented approximately <span id="xdx_90B_ecustom--ConcentrationRisksPercentage_c20250101__20250331__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--TwoCustomersMember_pdd" title="Concentration risk, percentage">31% of the Company’s accounts receivable balance. Net Income (Loss) Per Share Basic net income (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. All share and per share amounts have been retroactively adjusted to reflect the reverse stock split effected in March 2026. Potentially dilutive securities are excluded from the computation of diluted net income (loss) per share when their effect would be antidilutive. Potentially dilutive securities include convertible notes, warrants, and stock options.

Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ materially from those estimates.

Change in Estimated Useful Lives During the three months ended March 31, 2026, the Company reassessed the estimated useful lives of certain property and equipment based on operational experience, expected usage, and updated maintenance and replacement assumptions. As a result, the Company revised the estimated useful lives of certain assets on a prospective basis effective January 1, 2026. The change in estimate was accounted for prospectively in accordance with ASC 250, Accounting Changes and Error Corrections. The effect of the change was to decrease depreciation expense by approximately $405,000 for the three months ended March 31, 2026. 405000

Revenue Recognition The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers. Revenue from the sale of crude oil and related petroleum products is recognized at a point in time when control transfers to the customer, generally upon delivery. Revenue from terminaling, storage, pipeline throughput, and transportation services is recognized over time as services are performed.

Segment Reporting The Company operates through three reportable business segments: (i) Transportation and Logistics, (ii) Terminaling and Storage, and (iii) Supply and Trading.

Related Party Revenues Revenue from related parties was $5,364,726 and $4,551,775 for the quarters ended March 2026 and 2025, respectively. The Company generates revenue from related parties through the sale of crude oil and related products, as well as the provision of terminaling, storage, pipeline throughput, and transportation logistics services under long-term contracts. These contracts were acquired as part of the Company’s acquisitions of Silver Fuels Delhi, LLC and White Claw Colorado City, LLC in August 2022, and Endeavor Crude, LLC in October 2024, and were entered into in the ordinary course of business. The Company evaluates collectability of related party receivables in a manner consistent with other customers. 5364726 4551775

Major Customers and Concentration of Credit Risk During the three months ended March 31, 2026, two customers, including one related party, accounted for approximately <span id="xdx_908_ecustom--ConcentrationRisksPercentage_dp_c20260101__20260331__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--TwoCustomersMember_znFJ7K1f3vYc" title="Concentration risk, percentage">90% of the Company’s revenues. As of March 31, 2026, no significant accounts receivable balances were outstanding from these customers. During the three months ended March 31, 2025, two customers, including one related party, accounted for approximately <span id="xdx_90D_ecustom--ConcentrationRisksPercentage_dp_c20250101__20250331__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--TwoCustomersMember_zOYxRg1MiQS3" title="Concentration risk, percentage">15% of the Company’s revenues. As of March 31, 2025, these customers represented approximately <span id="xdx_90B_ecustom--ConcentrationRisksPercentage_c20250101__20250331__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--TwoCustomersMember_pdd" title="Concentration risk, percentage">31% of the Company’s accounts receivable balance.

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Net Income (Loss) Per Share Basic net income (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. All share and per share amounts have been retroactively adjusted to reflect the reverse stock split effected in March 2026. Potentially dilutive securities are excluded from the computation of diluted net income (loss) per share when their effect would be antidilutive. Potentially dilutive securities include convertible notes, warrants, and stock options.

Note 3. Going Concern & Liquidity The Company has historically incurred net losses and experienced negative cash flows from operations and, as of March 31, 2026, had an accumulated deficit of approximately $211 (211,045,231) million. As of March 31, 2026, the Company had a working capital deficit of approximately $54 million and cash and cash equivalents of approximately $75,051, of which approximately $70,596 was restricted. In addition, the Company had approximately $10.8 million of debt obligations due within one year of the issuance of these condensed consolidated financial statements. The Company is further obligated under finance lease liabilities of approximately $9.3 9,363,205 million and has current derivative liabilities of approximately $9.1 million, which may require settlement in cash or equity and could place additional demands on liquidity. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. During the three months ended March 31, 2026, the Company continued executing its strategic plan focused on optimizing its midstream transportation, terminaling, and environmental processing operations, including the integration and operation of the Endeavor Entities acquired in the fourth quarter of 2024. The Company has historically financed its operations through a combination of operating cash flows, debt financings, and private and public equity offerings. During the second quarter 2026, the Company also entered into a financing arrangement with two institutional investors, with RBW Capital Partners LLC acting as placement agent, intended to support working capital and ongoing operations. Based on the above, we believe there is substantial doubt about the Company’s ability to continue as a going concern. The Company has prepared the consolidated financial statements on a going concern basis. If the Company encounters unforeseen circumstances that place constraints on its capital resources, management will be required to take various measures to conserve liquidity. Management cannot provide any assurance that the Company will be able to execute its plans to raise additional capital, close its merger and acquisitions, or that its operations or business plan will be profitable.

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75051

70596

10800000

9363205

9100000

Note 4. Business Combination and Divestiture of Wholly Owned Subsidiaries On October 1, 2024, the Company acquired all of the issued and outstanding membership interests of Endeavor Crude, LLC, Equipment Transport, LLC, Meridian Equipment Leasing, LLC, and Silver Fuels Processing, LLC (collectively, the “Endeavor Entities”). On July 30, 2025, the Company completed the divestiture of Meridian Equipment Leasing, LLC and Equipment Transport, LLC (together, the “Divested Entities”), two indirectly wholly owned subsidiaries acquired as part of the Endeavor Entities, pursuant to a Membership Interest Purchase Agreement entered into with Jorgan Development, LLC, an entity controlled by James Ballengee, the Company’s Chief Executive Officer and Chairman.

Note 5. Accounts Receivable Accounts receivable primarily consist of trade receivables related to crude oil sales and transportation services and are recorded net of an allowance for expected credit losses. The Company evaluates the collectability of accounts receivable on an ongoing basis based on historical experience, customer creditworthiness, and current economic conditions. The allowance for expected credit losses is reviewed on a periodic basis, and balances are written off when deemed uncollectible. During the three months ended March 31, 2026, the Company recorded an allowance for expected credit losses related to certain customer receivable balances based on management’s assessment of collectability and current economic conditions. Accounts receivable consisted of the following: <table cellpadding="0" cellspacing="0" id="xdx_889_ecustom--ScheduleOfAccountsReceivableTableTextBlock_zWKgphrLUvZ5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accounts Receivable (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Schedule of accounts receivable</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_492_20260331" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_491_20251231" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: bottom; color: Black; text-align: center"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center">March 31, 2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center">December 31, 2025</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td></tr> <tr id="xdx_40F_eus-gaap--ReceivablesNetCurrent_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; color: Black; text-align: left; padding-bottom: 1pt">Trade accounts receivable</td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">3,712,840</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">3,525,138</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--AccountsAndFinancingReceivableAllowanceForCreditLoss_iNI_pp0p0_di_zFnyDkceNAZa" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Less: allowance for credit losses</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">(1,507,983</td> <td style="padding-bottom: 1pt; color: Black; text-align: left">)</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">-</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--AccountsReceivableNet_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 2.5pt">Accounts receivable, net</td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">2,204,857</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">3,525,138</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right"> </td> <td style="color: Black; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--AccountsReceivableFairValueDisclosure_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 2.5pt">Related party receivables</td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">5,951,509</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">1,439,228</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td></tr> </table> The balance of the related party receivable are due from entities affiliated with the Company’s Chief Executive Officer. During the three months ended March 31, 2026, amounts due under related-party commercial agreements were offset against a related party note of approximately $1.1 million outstanding from Jorgan Development, LLC pursuant to existing offset arrangements between the parties.

<table cellpadding="0" cellspacing="0" id="xdx_889_ecustom--ScheduleOfAccountsReceivableTableTextBlock_zWKgphrLUvZ5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accounts Receivable (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Schedule of accounts receivable</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_492_20260331" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_491_20251231" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: bottom; color: Black; text-align: center"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center">March 31, 2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center">December 31, 2025</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td></tr> <tr id="xdx_40F_eus-gaap--ReceivablesNetCurrent_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; color: Black; text-align: left; padding-bottom: 1pt">Trade accounts receivable</td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">3,712,840</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">3,525,138</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--AccountsAndFinancingReceivableAllowanceForCreditLoss_iNI_pp0p0_di_zFnyDkceNAZa" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Less: allowance for credit losses</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">(1,507,983</td> <td style="padding-bottom: 1pt; color: Black; text-align: left">)</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">-</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--AccountsReceivableNet_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 2.5pt">Accounts receivable, net</td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">2,204,857</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">3,525,138</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right"> </td> <td style="color: Black; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--AccountsReceivableFairValueDisclosure_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 2.5pt">Related party receivables</td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">5,951,509</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">1,439,228</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td></tr> </table>

3712840

3525138

1507983

2204857

3525138

5951509

1439228

1100000

Note 6. Marketable Securities The Company holds 200,000 shares of common stock of Adapti, Inc. (“Adapti”), an entity affiliated with the Company’s Chief Executive Officer. The investment is classified as a marketable equity security and is measured at fair value using quoted market prices, with changes in fair value recognized in earnings. The carrying value of marketable securities consisted of the following: <table cellpadding="0" cellspacing="0" id="xdx_887_ecustom--ScheduleOfMarketableSecuritiesTableTextBlock_zVlhAbAABHg6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Marketable Securities (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Schedule of marketable securities</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_493_20260331_zaHgXeQUQZN7" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_496_20251231_z9i9jfAcLTB" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: bottom; color: Black; text-align: center"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center">March 31, 2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center"> December 31, 2025</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td></tr> <tr id="xdx_40D_eus-gaap--Investments_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; color: Black; text-align: left; padding-bottom: 1pt">Investment in Adapti</td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">968,812</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">968,812</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--UnrealizedLoss_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Unrealized loss</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">(732,277</td> <td style="padding-bottom: 1pt; color: Black; text-align: left">)</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">(720,899</td> <td style="padding-bottom: 1pt; color: Black; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--MarketableSecurities_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 2.5pt">Marketable Securities, net</td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">236,535</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">247,913</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td></tr> </table> The Company recognized unrealized gains (losses) related to marketable securities of approximately $(11,378) and $1,652,754 during the three months ended March 31, 2026 and 2025, respectively.

200000

<table cellpadding="0" cellspacing="0" id="xdx_887_ecustom--ScheduleOfMarketableSecuritiesTableTextBlock_zVlhAbAABHg6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Marketable Securities (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Schedule of marketable securities</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_493_20260331_zaHgXeQUQZN7" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_496_20251231_z9i9jfAcLTB" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: bottom; color: Black; text-align: center"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center">March 31, 2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center"> December 31, 2025</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td></tr> <tr id="xdx_40D_eus-gaap--Investments_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; color: Black; text-align: left; padding-bottom: 1pt">Investment in Adapti</td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">968,812</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">968,812</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--UnrealizedLoss_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Unrealized loss</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">(732,277</td> <td style="padding-bottom: 1pt; color: Black; text-align: left">)</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">(720,899</td> <td style="padding-bottom: 1pt; color: Black; text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--MarketableSecurities_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 2.5pt">Marketable Securities, net</td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">236,535</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">247,913</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td></tr> </table>

968812

-732277 -720899

236535

247913

-11378

1652754

Note 7. Property and Equipment Property and equipment consisted of the following: <table cellpadding="0" cellspacing="0" id="xdx_883_eus-gaap--PropertyPlantAndEquipmentTextBlock_zTVGYBVTyIM8" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Property and Equipment (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Schedule of property and equipment, net</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: bottom; color: Black; text-align: center"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center">March 31, 2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center">December 31, 2025</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; color: Black; text-align: left; padding-bottom: 1pt">Vehicles and trailers</td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">1,655,548</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">1,655,548</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Equipment</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">476,756</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">476,756</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Land</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">527,000</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">527,000</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Crude & NGL Terminal and Related Equipment</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">930,460</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">930,460</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Crude Oil Transfer Stations</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">5,024,220</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">5,024,220</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Pipeline and Related Facilities</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">43,462,544</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">43,462,544</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Tank Expansion</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">1,627,385</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">-</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Construction in process</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">12,368,717</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">13,996,104</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Less: Accumulated amortization</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">(8,931,800</td> <td style="padding-bottom: 1pt; color: Black; text-align: left">)</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">(7,775,432</td> <td style="padding-bottom: 1pt; color: Black; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">57,140,830</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">58,297,200</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td></tr> </table> Depreciation expense for the three months ended March 31, 2026 and 2025 was approximately $1,156,369 and $3,527,645, respectively. The decrease in depreciation expense during the 2026 period was primarily attributable to the July 2025 divestiture of Meridian Equipment Leasing, LLC and Equipment Transport, LLC, as well as revisions to the estimated useful lives of certain property and equipment based on operational experience and expected usage. The change in estimate was accounted for prospectively and resulted in a decrease in depreciation expense of approximately $405,000 during the period. Construction in process primarily relates to the Company’s remediation processing systems, wash plant facilities, and terminal expansion projects.

<table cellpadding="0" cellspacing="0" id="xdx_883_eus-gaap--PropertyPlantAndEquipmentTextBlock_zTVGYBVTyIM8" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Property and Equipment (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Schedule of property and equipment, net</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: bottom; color: Black; text-align: center"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center">March 31, 2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center">December 31, 2025</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; color: Black; text-align: left; padding-bottom: 1pt">Vehicles and trailers</td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">1,655,548</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">1,655,548</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Equipment</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">476,756</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">476,756</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Land</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">527,000</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">527,000</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Crude & NGL Terminal and Related Equipment</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">930,460</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">930,460</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Crude Oil Transfer Stations</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">5,024,220</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">5,024,220</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Pipeline and Related Facilities</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">43,462,544</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">43,462,544</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Tank Expansion</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">1,627,385</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">-</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Construction in process</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">12,368,717</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">13,996,104</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Less: Accumulated amortization</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">(8,931,800</td> <td style="padding-bottom: 1pt; color: Black; text-align: left">)</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">(7,775,432</td> <td style="padding-bottom: 1pt; color: Black; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">57,140,830</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">58,297,200</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td></tr> </table>

1655548

476756

527000

930460

5024220

43462544

1627385

-0

12368717

13996104

8931800

7775432

57140830

58297200

1156369

3527645

405000

Note 8. Intangible Assets Intangible assets consisted of the following: <table cellpadding="0" cellspacing="0" id="xdx_89B_eus-gaap--ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock_zzSd5kB0fsOf" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Intangible Assets (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Schedule of intangible assets</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_496_20260331__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--FiniteLivedIntangibleAssetsMember_zrKWQWKy28ic" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_49D_20251231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--FiniteLivedIntangibleAssetsMember_zS1KZRQeRxNb" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: bottom; color: Black; text-align: center"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center">March 31, 2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center">December 31, 2025</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td></tr> <tr id="xdx_40A_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pp0p0_zuv779qALak3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; color: Black; text-align: left; padding-bottom: 1pt">Intangible assets, gross</td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">16,498,587</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">16,498,587</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iI_pp0p0_zNU9FcrrZJZh" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Accumulated amortization</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">(9,182,297</td> <td style="padding-bottom: 1pt; color: Black; text-align: left">)</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">(8,975,815</td> <td style="padding-bottom: 1pt; color: Black; text-align: left">)</td></tr> <tr id="xdx_406_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pp0p0_zWerxL76RDR7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 2.5pt">Intangible assets, net</td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">7,316,290</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">7,522,772</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td></tr> </table> Customer relationship intangible assets consisted of the following: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_492_20260331__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_zS5M8EKmGn0f" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_497_20251231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_z0KrmsUlQBI6" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pp0p0_zfdcUJWvOgZh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt; width: 76%">Customer relationships, gross</td> <td style="color: Black; width: 1%"> </td> <td style="color: Black; text-align: left; width: 1%">$</td> <td style="color: Black; text-align: right; width: 9%">48,093,160</td> <td style="padding-bottom: 1pt; color: Black; text-align: left; width: 1%"> </td> <td style="color: Black; width: 1%"> </td> <td style="color: Black; text-align: left; width: 1%">$</td> <td style="color: Black; text-align: right; width: 9%">48,093,160</td> <td style="padding-bottom: 1pt; color: Black; text-align: left; width: 1%"> </td></tr> <tr id="xdx_40B_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iI_pp0p0_zobNbHQm2Esg" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Accumulated amortization</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">(11,097,708</td> <td style="padding-bottom: 1pt; color: Black; text-align: left">)</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">(9,909,103</td> <td style="padding-bottom: 1pt; color: Black; text-align: left">)</td></tr> <tr id="xdx_403_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pp0p0_zT6B5OngheA9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 2.5pt">Customer relationships, net</td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">36,995,452</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">38,184,057</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td></tr> </table> Amortization expense was approximately $1,395,088 and $2,303,957 for the three months ended March 31, 2026 and 2025, respectively. The Company evaluates long-lived assets and intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. No impairment charges related to intangible assets were recorded during the three months ended March 31, 2026. Goodwill was fully impaired during the year ended December 31, 2025. Accordingly, the Company had no goodwill recorded as of March 31, 2026 or December 31, 2025.

<table cellpadding="0" cellspacing="0" id="xdx_89B_eus-gaap--ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock_zzSd5kB0fsOf" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Intangible Assets (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Schedule of intangible assets</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_496_20260331__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--FiniteLivedIntangibleAssetsMember_zrKWQWKy28ic" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_49D_20251231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--FiniteLivedIntangibleAssetsMember_zS1KZRQeRxNb" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: bottom; color: Black; text-align: center"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center">March 31, 2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center">December 31, 2025</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td></tr> <tr id="xdx_40A_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pp0p0_zuv779qALak3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; color: Black; text-align: left; padding-bottom: 1pt">Intangible assets, gross</td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">16,498,587</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">16,498,587</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iI_pp0p0_zNU9FcrrZJZh" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Accumulated amortization</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">(9,182,297</td> <td style="padding-bottom: 1pt; color: Black; text-align: left">)</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">(8,975,815</td> <td style="padding-bottom: 1pt; color: Black; text-align: left">)</td></tr> <tr id="xdx_406_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pp0p0_zWerxL76RDR7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 2.5pt">Intangible assets, net</td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">7,316,290</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">7,522,772</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td></tr> </table> Customer relationship intangible assets consisted of the following: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_492_20260331__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_zS5M8EKmGn0f" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_497_20251231__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--CustomerRelationshipsMember_z0KrmsUlQBI6" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pp0p0_zfdcUJWvOgZh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt; width: 76%">Customer relationships, gross</td> <td style="color: Black; width: 1%"> </td> <td style="color: Black; text-align: left; width: 1%">$</td> <td style="color: Black; text-align: right; width: 9%">48,093,160</td> <td style="padding-bottom: 1pt; color: Black; text-align: left; width: 1%"> </td> <td style="color: Black; width: 1%"> </td> <td style="color: Black; text-align: left; width: 1%">$</td> <td style="color: Black; text-align: right; width: 9%">48,093,160</td> <td style="padding-bottom: 1pt; color: Black; text-align: left; width: 1%"> </td></tr> <tr id="xdx_40B_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iI_pp0p0_zobNbHQm2Esg" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Accumulated amortization</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">(11,097,708</td> <td style="padding-bottom: 1pt; color: Black; text-align: left">)</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">(9,909,103</td> <td style="padding-bottom: 1pt; color: Black; text-align: left">)</td></tr> <tr id="xdx_403_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pp0p0_zT6B5OngheA9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 2.5pt">Customer relationships, net</td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">36,995,452</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">38,184,057</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td></tr> </table>

16498587

-9182297

-8975815

7316290

7522772

48093160

-11097708

-9909103

36995452

38184057

1395088

2303957

Note 9. Accounts Payable and Accrued Expenses Accounts payable and accrued expenses consist of the following: <table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_zE9DRTznNWz" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accounts Payable and Accrued Expenses (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Schedule of accounts payable and accrued expenses</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_498_20260331_zuXfaKiODzv5" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_494_20251231_zt0cFiMOkHq1" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: bottom; color: Black; text-align: center"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center">March 31, 2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center">December 31, 2025</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td></tr> <tr id="xdx_402_eus-gaap--AccountsPayableCurrent_iI_pp0p0_maAPAALz3Ed_zVitigLrQb4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; color: Black; text-align: left; padding-bottom: 1pt">Accounts payable</td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">13,425,321</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">12,425,200</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr id="xdx_407_ecustom--AccruedInterestVariousNotesAndLoansPayable_iI_pp0p0_maAPAALz3Ed_zT0CM6gnCrug" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Accrued interest (various notes and loans payable)</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">1,199,333</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">713,754</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--IncomeTaxExaminationPenaltiesAndInterestAccrued_iI_pp0p0_maAPAALz3Ed_zohFjPdVkMOc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Accrued tax penalties and interest</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">1,029,846</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">837,477</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_iTI_pp0p0_mtAPAALz3Ed_zIEL03evkea6" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 2.5pt">Accounts payable and accrued expenses</td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">15,654,500</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">13,976,431</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td></tr> </table> Related-party accounts payable and accrued expenses consisted of the following: <table cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfAccountsPayableAndAccruedLiabilitiesRelatedPartyTableTextBlock_zrRHFn1aaL8k" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accounts Payable and Accrued Expenses (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: #212529; text-align: left; padding-bottom: 1pt">Schedule of accounts payable and accrued expenses related parties</td> <td style="padding-bottom: 1pt; color: #212529"> </td> <td style="color: #212529; text-align: left"> </td> <td id="xdx_49B_20260331_zHEuwYts3x1" style="color: #212529; text-align: right"> </td> <td style="padding-bottom: 1pt; color: #212529; text-align: left"> </td> <td style="padding-bottom: 1pt; color: #212529"> </td> <td style="color: #212529; text-align: left"> </td> <td id="xdx_49F_20251231_zQVKTLaQFyKc" style="color: #212529; text-align: right"> </td> <td style="padding-bottom: 1pt; color: #212529; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: #212529"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: #212529; text-align: center">March 31, 2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: #212529"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: #212529"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: #212529; text-align: center">December 31, 2025</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: #212529"> </td></tr> <tr id="xdx_400_ecustom--AccountsPayableRelatedParties_iI_pp0p0_zBscuIygfBXc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; color: #212529; text-align: left; padding-bottom: 1pt">Accounts payable - related parties</td> <td style="width: 1%; color: #212529"> </td> <td style="width: 1%; color: #212529; text-align: left">$</td> <td style="width: 9%; color: #212529; text-align: right">2,048</td> <td style="width: 1%; padding-bottom: 1pt; color: #212529; text-align: left"> </td> <td style="width: 1%; color: #212529"> </td> <td style="width: 1%; color: #212529; text-align: left">$</td> <td style="width: 9%; color: #212529; text-align: right">1,593,994</td> <td style="width: 1%; padding-bottom: 1pt; color: #212529; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--AccruedInterestNotesPayableRelatedParties_iI_pp0p0_zjjqfF7isSqk" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: #212529; text-align: left; padding-bottom: 1pt">Accrued interest (notes payable) - related parties</td> <td style="padding-bottom: 1pt; color: #212529"> </td> <td style="border-bottom: Black 1pt solid; color: #212529; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: #212529; text-align: right">3,411,998</td> <td style="padding-bottom: 1pt; color: #212529; text-align: left"> </td> <td style="padding-bottom: 1pt; color: #212529"> </td> <td style="border-bottom: Black 1pt solid; color: #212529; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: #212529; text-align: right">238,632</td> <td style="padding-bottom: 1pt; color: #212529; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--OtherAccountsPayableAndAccruedLiabilities_iI_pp0p0_zZdjzLvT7461" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: #212529; text-align: left; padding-bottom: 2.5pt">Accounts payable and accrued expenses - related parties</td> <td style="padding-bottom: 2.5pt; color: #212529"> </td> <td style="border-bottom: Black 2.5pt double; color: #212529; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: #212529; text-align: right">3,414,046</td> <td style="padding-bottom: 2.5pt; color: #212529; text-align: left"> </td> <td style="padding-bottom: 2.5pt; color: #212529"> </td> <td style="border-bottom: Black 2.5pt double; color: #212529; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: #212529; text-align: right">1,832,625</td> <td style="padding-bottom: 2.5pt; color: #212529; text-align: left"> </td></tr> </table> Accounts payable primarily consist of trade payables and operating accruals incurred in the ordinary course of business.

<table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_zE9DRTznNWz" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accounts Payable and Accrued Expenses (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Schedule of accounts payable and accrued expenses</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_498_20260331_zuXfaKiODzv5" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td id="xdx_494_20251231_zt0cFiMOkHq1" style="color: Black; text-align: right"> </td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: bottom; color: Black; text-align: center"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center">March 31, 2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: Black"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: Black; text-align: center">December 31, 2025</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: Black"> </td></tr> <tr id="xdx_402_eus-gaap--AccountsPayableCurrent_iI_pp0p0_maAPAALz3Ed_zVitigLrQb4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; color: Black; text-align: left; padding-bottom: 1pt">Accounts payable</td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">13,425,321</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="width: 1%; color: Black"> </td> <td style="width: 1%; color: Black; text-align: left">$</td> <td style="width: 9%; color: Black; text-align: right">12,425,200</td> <td style="width: 1%; padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr id="xdx_407_ecustom--AccruedInterestVariousNotesAndLoansPayable_iI_pp0p0_maAPAALz3Ed_zT0CM6gnCrug" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Accrued interest (various notes and loans payable)</td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">1,199,333</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="color: Black"> </td> <td style="color: Black; text-align: left"> </td> <td style="color: Black; text-align: right">713,754</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--IncomeTaxExaminationPenaltiesAndInterestAccrued_iI_pp0p0_maAPAALz3Ed_zohFjPdVkMOc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 1pt">Accrued tax penalties and interest</td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">1,029,846</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 1pt; color: Black"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: Black; text-align: right">837,477</td> <td style="padding-bottom: 1pt; color: Black; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_iTI_pp0p0_mtAPAALz3Ed_zIEL03evkea6" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: Black; text-align: left; padding-bottom: 2.5pt">Accounts payable and accrued expenses</td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">15,654,500</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td> <td style="padding-bottom: 2.5pt; color: Black"> </td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: Black; text-align: right">13,976,431</td> <td style="padding-bottom: 2.5pt; color: Black; text-align: left"> </td></tr> </table>

13425321

12425200

1199333 713754

1029846

837477

15654500

13976431

<table cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfAccountsPayableAndAccruedLiabilitiesRelatedPartyTableTextBlock_zrRHFn1aaL8k" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accounts Payable and Accrued Expenses (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: #212529; text-align: left; padding-bottom: 1pt">Schedule of accounts payable and accrued expenses related parties</td> <td style="padding-bottom: 1pt; color: #212529"> </td> <td style="color: #212529; text-align: left"> </td> <td id="xdx_49B_20260331_zHEuwYts3x1" style="color: #212529; text-align: right"> </td> <td style="padding-bottom: 1pt; color: #212529; text-align: left"> </td> <td style="padding-bottom: 1pt; color: #212529"> </td> <td style="color: #212529; text-align: left"> </td> <td id="xdx_49F_20251231_zQVKTLaQFyKc" style="color: #212529; text-align: right"> </td> <td style="padding-bottom: 1pt; color: #212529; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: #212529"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: #212529; text-align: center">March 31, 2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: #212529"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; color: #212529"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; color: #212529; text-align: center">December 31, 2025</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; color: #212529"> </td></tr> <tr id="xdx_400_ecustom--AccountsPayableRelatedParties_iI_pp0p0_zBscuIygfBXc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; color: #212529; text-align: left; padding-bottom: 1pt">Accounts payable - related parties</td> <td style="width: 1%; color: #212529"> </td> <td style="width: 1%; color: #212529; text-align: left">$</td> <td style="width: 9%; color: #212529; text-align: right">2,048</td> <td style="width: 1%; padding-bottom: 1pt; color: #212529; text-align: left"> </td> <td style="width: 1%; color: #212529"> </td> <td style="width: 1%; color: #212529; text-align: left">$</td> <td style="width: 9%; color: #212529; text-align: right">1,593,994</td> <td style="width: 1%; padding-bottom: 1pt; color: #212529; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--AccruedInterestNotesPayableRelatedParties_iI_pp0p0_zjjqfF7isSqk" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: #212529; text-align: left; padding-bottom: 1pt">Accrued interest (notes payable) - related parties</td> <td style="padding-bottom: 1pt; color: #212529"> </td> <td style="border-bottom: Black 1pt solid; color: #212529; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: #212529; text-align: right">3,411,998</td> <td style="padding-bottom: 1pt; color: #212529; text-align: left"> </td> <td style="padding-bottom: 1pt; color: #212529"> </td> <td style="border-bottom: Black 1pt solid; color: #212529; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; color: #212529; text-align: right">238,632</td> <td style="padding-bottom: 1pt; color: #212529; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--OtherAccountsPayableAndAccruedLiabilities_iI_pp0p0_zZdjzLvT7461" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; color: #212529; text-align: left; padding-bottom: 2.5pt">Accounts payable and accrued expenses - related parties</td> <td style="padding-bottom: 2.5pt; color: #212529"> </td> <td style="border-bottom: Black 2.5pt double; color: #212529; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: #212529; text-align: right">3,414,046</td> <td style="padding-bottom: 2.5pt; color: #212529; text-align: left"> </td> <td style="padding-bottom: 2.5pt; color: #212529"> </td> <td style="border-bottom: Black 2.5pt double; color: #212529; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; color: #212529; text-align: right">1,832,625</td> <td style="padding-bottom: 2.5pt; color: #212529; text-align: left"> </td></tr> </table> 2048 1593994 3411998 238632

3414046

1832625

Note 10. Unearned Revenue As of March 31, 2026 and December 31, 2025, the Company had approximately $9.1 million of unearned revenue related to an agreement to manufacture remediation processing centers (“RPCs”). The balance originated in connection with the deconsolidation of Viva Wealth Fund I, LLC during 2023.

9100000

Note 11. Loans and Notes Payable Third party debt: <table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--ScheduleOfDebtInstrumentsTextBlock_zOuLrUMCDuLg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Loans and Notes Payable (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Schedule of loans and notes payable</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"> March 31, 2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">December 31, 2025</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; text-align: left; padding-bottom: 1pt">Various promissory notes and convertible notes</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">13,556</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">64,517</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Blue Ridge Bank</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">410,200</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">410,200</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Small Business Administration</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">358,827</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">358,827</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Al Dali Intl for Gen. Trading & Cont. Co.</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">248,877</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">248,877</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">RSF, LLC</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">500,000</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">500,000</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Cedarview Opportunities Master Fund LP</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">4,112,159</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,701,402</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Curve Capital, LLC</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">838,784</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">549,463</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">William Tuorto</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">387,020</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">ClearThink Capital Partners, LLC</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">584,779</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">588,015</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">ClearThink Capital Partners, LLC (RBW)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,267,632</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,619,159</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Agile Capital Funding, LLC</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,816,972</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,713,300</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">JJ Astor</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">6,453,996</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">5,553,900</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 2.5pt">Total notes payable</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">16,992,802</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">15,307,660</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Loans and notes payable, current</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">8,293,922</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">7,443,434</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Loans and notes payable, long term</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">8,698,880</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">7,864,226</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> Related party debt: <table cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfLoansAndNotesPayableRelatedPartiesTableTextBlock_zeadXZoYVGC" style="font: 10pt Chivo; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Loans and Notes Payable (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Schedule of loans and notes payable related parties</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: bottom; font-weight: 400; font-style: normal; text-transform: none; text-align: center"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; font-weight: 400; font-style: normal; text-transform: none"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: 400; font-style: normal; text-transform: none; text-align: center">March 31, 2026</td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; font-weight: 400; font-style: normal; text-transform: none"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: 400; font-style: normal; text-transform: none; text-align: center">December 31, 2025</td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; font-weight: 400; font-style: normal; text-transform: none"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Jorgan Development, LLC</td> <td style="width: 1%; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="width: 1%; font-weight: 400; font-style: normal; text-transform: none; text-align: left">$</td> <td style="width: 9%; font-weight: 400; font-style: normal; text-transform: none; text-align: right">-</td> <td style="width: 1%; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="width: 1%; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="width: 1%; font-weight: 400; font-style: normal; text-transform: none; text-align: left">$</td> <td style="width: 9%; font-weight: 400; font-style: normal; text-transform: none; text-align: right">1,137,563</td> <td style="width: 1%; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">James Ballengee Companies</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right"><span id="xdx_909_ecustom--NotesPayableRelatedParties_c20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JamesBallengeeCompaniesMember_pp0p0" title="Total Notes Payable- related parties">2,038,987</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right"><span id="xdx_908_ecustom--NotesPayableRelatedParties_c20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JamesBallengeeCompaniesMember_pp0p0" title="Total Notes Payable- related parties">1,981,730</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Meridian Equipment Leasing, LLC</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right"><span id="xdx_90C_ecustom--NotesPayableRelatedParties_c20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MeridianEquipmentLeasingLLCMember_pp0p0" title="Total Notes Payable- related parties">6,329,560</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right"><span id="xdx_902_ecustom--NotesPayableRelatedParties_c20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MeridianEquipmentLeasingLLCMember_pp0p0" title="Total Notes Payable- related parties">6,701,887</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Triple T Trading Company LLC</td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: right"><span id="xdx_90B_ecustom--NotesPayableRelatedParties_c20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TripleTTradingCompanyLLCMember_pp0p0" title="Total Notes Payable- related parties">505,810</td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: right"><span id="xdx_905_ecustom--NotesPayableRelatedParties_c20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TripleTTradingCompanyLLCMember_pp0p0" title="Total Notes Payable- related parties">497,109</td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Total notes payable - related parties</td> <td style="padding-bottom: 2.5pt; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: 400; font-style: normal; text-transform: none; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-weight: 400; font-style: normal; text-transform: none; text-align: right">8,874,356</td> <td style="padding-bottom: 2.5pt; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="padding-bottom: 2.5pt; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: 400; font-style: normal; text-transform: none; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-weight: 400; font-style: normal; text-transform: none; text-align: right">10,318,288</td> <td style="padding-bottom: 2.5pt; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Loans and notes payable, current - related parties</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left">$</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">2,544,797</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left">$</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">3,616,401</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Loans and notes payable, long term - related parties</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left">$</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">6,329,560</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left">$</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">6,701,887</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> </table> Maturity Table <table cellpadding="0" cellspacing="0" id="xdx_89D_ecustom--ScheduleOfMaturitiesOfLongTermDebtsTableTextBlock_zuIgZSggQcxi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Loans and Notes Payable (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Schedule of maturities of loans and notes payable</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_494_20260331_us-gaap--DebtInstrumentAxis_custom--LoansAndNotesPayableMember" style="text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_495_20251231_us-gaap--DebtInstrumentAxis_custom--LoansAndNotesPayableMember" style="text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_iI_pp0p0_maLTDz8pk_z3MpJ0QvGMz3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; text-align: left">2026</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">11,566,803</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">11,501,679</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_iI_pp0p0_maLTDz8pk_zuUShRtm13rl" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">2027</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">10,179,890</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">9,345,236</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree_iI_pp0p0_maLTDz8pk_ztTsOnk9rSni" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">2028</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,781,803</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,781,803</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour_iI_pp0p0_maLTDz8pk_zEsW1wmN41Ie" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">2029</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,040,958</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,413,285</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive_iI_pp0p0_maLTDz8pk_z0PNuKPfZyvc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">2030</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">25,788</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">25,788</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive_iI_pp0p0_maLTDz8pk_zlO2rVI46XKc" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; vertical-align: top; text-align: left">Thereafter</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--LongTermDebt_iTI_pp0p0_mtLTDz8pk_maDCzPh3_zLlYmoXta1a1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Total long-term debt</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">26,595,242</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">26,067,791</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--DebtInstrumentUnamortizedDiscount_iNI_pp0p0_di_msDCzPh3_z4BGsAvBn4fd" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; vertical-align: top; text-align: left">Less: unamortized OID:</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(728,084</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(441,843</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--DebtCurrent_iTI_pp0p0_mtDCzPh3_znNI8C1YqRJd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2.5pt; vertical-align: top; text-align: left">Net debt</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">25,867,159</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">25,625,948</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> ClearThink Partners, LLC — On January 9, 2026, the Company issued a promissory note to ClearThink Capital Partners LLC in the principal amount of $<span id="xdx_90A_eus-gaap--DebtInstrumentFaceAmount_c20260109__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ClearThinkPartnersLLCMember__us-gaap--LongtermDebtTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Principal amount">322,000 and received proceeds of $<span id="xdx_90D_eus-gaap--ProceedsFromLoans_c20260101__20260109__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ClearThinkPartnersLLCMember__us-gaap--LongtermDebtTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Proceeds from loan">280,000 after an original issue discount of $<span id="xdx_904_ecustom--OriginalIssueDiscount_c20260109__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ClearThinkPartnersLLCMember__us-gaap--LongtermDebtTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Original issue discount">42,000. The note matures twelve months from issuance and includes a one-time interest charge of <span id="xdx_906_eus-gaap--DebtInstrumentInterestRateDuringPeriod_c20260101__20260109__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ClearThinkPartnersLLCMember__us-gaap--LongtermDebtTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">15%. As of March 31, 2026, the outstanding balance of the note was approximately $<span id="xdx_908_eus-gaap--NotesPayable_c20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ClearThinkPartnersLLCMember__us-gaap--LongtermDebtTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Notes payable">289,321, net of unamortized discount of approximately $<span id="xdx_90E_eus-gaap--DebtInstrumentUnamortizedDiscountCurrent_c20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ClearThinkPartnersLLCMember__us-gaap--LongtermDebtTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Unamortized discount">32,679. ClearThink Capital Partners, LLC/RBW Investors — During 2025, the Company entered into multiple twelve-month convertible promissory notes with investors introduced to us by ClearThink Capital Partners, LLC and RBW totaling approximately $<span id="xdx_90A_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_dm_c20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ClearThinkCapitalPartnersLLCMember__us-gaap--LongtermDebtTypeAxis__custom--ConvertiblePromissoryNoteMember_zNHAUOsaCCs1" title="Principal amount">5.1 million in principal amount. The notes included original issue discounts, one time interest charges, and conversion features. During 2025, holders converted an aggregate of approximately $<span id="xdx_90D_eus-gaap--ConversionOfStockAmountConverted1_pn3n3_dm_c20260101__20260131__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ClearThinkCapitalPartnersLLCMember__us-gaap--LongtermDebtTypeAxis__custom--ConvertiblePromissoryNoteMember_zGe0mJGWf9N5" title="Conversion of stock, amount converted">3.2 million of outstanding principal into shares of the Company’s common stock. On January 30, 2026, the Company entered into Forbearance and Note Amendment Agreements with the holders of the notes. Pursuant to the amended agreements, the maturity dates of the notes were extended to January 31, 2027 and certain repayment terms were revised. In connection with the amendments, the Company agreed to issue an aggregate of <span id="xdx_90A_ecustom--NumberOfRestrictedCommonStockIssued_c20260101__20260130__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ClearThinkCapitalPartnersLLCMember__us-gaap--LongtermDebtTypeAxis__custom--ConvertiblePromissoryNoteMember_znl1QC8fgWI3" title="Number of restricted common stock issued">278,449 shares of restricted common stock to the noteholders. The amended agreements provide for installment payments through January 31, 2027 and restrict conversions under the notes. As of March 31, 2026, the outstanding balance of the notes was approximately $<span id="xdx_901_eus-gaap--NotesPayable_c20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ClearThinkCapitalPartnersLLCMember__us-gaap--LongtermDebtTypeAxis__custom--ConvertiblePromissoryNoteMember_pp0p0" title="Notes payable">1,267,632, net of unamortized debt discount of approximately $<span id="xdx_906_eus-gaap--DebtInstrumentUnamortizedDiscountCurrent_c20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ClearThinkCapitalPartnersLLCMember__us-gaap--LongtermDebtTypeAxis__custom--ConvertiblePromissoryNoteMember_pp0p0" title="Unamortized discount">535,471. William Tuorto — During the quarter ending March 31, 2026, the Company entered into a short-term funding arrangement. The outstanding balance was $387,020 as of March 31, 2026. The obligation was repaid in full May 2026. JJ Astor & Co. — During 2025, the Company entered into multiple financing and forbearance arrangements with J.J. Astor & Co. related to secured promissory notes issued by the Company. As of December 31, 2025, the Second Note remained outstanding. On February 27, 2026, the Company entered into additional amendment and forbearance agreements with J.J. Astor & Co., which modified repayment terms, extended certain maturity dates, and provided for additional financing. The Company issued an additional secured promissory note in the principal amount of $<span id="xdx_90F_eus-gaap--DebtInstrumentFaceAmount_c20260227__us-gaap--TypeOfArrangementAxis__custom--ForbearanceAgreementsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JJAstorCoMember_pp0p0" title="Principal amount">993,750 and received net proceeds of approximately $<span id="xdx_903_eus-gaap--ProceedsFromLoans_c20260201__20260227__us-gaap--TypeOfArrangementAxis__custom--ForbearanceAgreementsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JJAstorCoMember_pp0p0" title="Proceeds from loan">750,000 prior to fees and expenses. As of March 31, 2026, the aggregate outstanding balance related to the J.J. Astor financing arrangements was approximately $<span id="xdx_900_eus-gaap--NotesPayable_c20260331__us-gaap--TypeOfArrangementAxis__custom--ForbearanceAgreementsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JJAstorCoMember_pp0p0" title="Notes payable">6,453,996, net of unamortized debt discount of approximately $<span id="xdx_906_eus-gaap--DebtInstrumentUnamortizedDiscountCurrent_c20260331__us-gaap--TypeOfArrangementAxis__custom--ForbearanceAgreementsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JJAstorCoMember_pp0p0" title="Unamortized discount">43,654. Jorgan Development, LLC — During the three months ended March 31, 2026, approximately $<span id="xdx_902_eus-gaap--RepaymentsOfRelatedPartyDebt_pn3n3_dm_c20260101__20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JorganDevelopmentLLCMember_z2cshLnXLD38" title="Repayment of related party debt">1.1 million outstanding under the Jorgan Development, LLC related-party note payable was offset against amounts due from affiliated entities under related-party commercial agreements pursuant to existing offset arrangements between the parties. As a result, no balance remained outstanding under the Jorgan Development, LLC note as of March 31, 2026. As of March 31, 2026, the Company had outstanding secured notes payable to Cedarview Opportunities Master Fund LP of approximately $4,112,159. The Company entered into a forbearance arrangement with Cedarview related to existing payment defaults and ongoing repayment discussions. Subsequent to March 31, 2026, the parties entered into an additional forbearance agreement extending the forbearance period through October 31, 2026, subject to certain repayment and financing conditions.

<table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--ScheduleOfDebtInstrumentsTextBlock_zOuLrUMCDuLg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Loans and Notes Payable (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Schedule of loans and notes payable</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"> March 31, 2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">December 31, 2025</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; text-align: left; padding-bottom: 1pt">Various promissory notes and convertible notes</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">13,556</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">64,517</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Blue Ridge Bank</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">410,200</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">410,200</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Small Business Administration</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">358,827</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">358,827</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Al Dali Intl for Gen. Trading & Cont. Co.</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">248,877</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">248,877</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">RSF, LLC</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">500,000</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">500,000</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Cedarview Opportunities Master Fund LP</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">4,112,159</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,701,402</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Curve Capital, LLC</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">838,784</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">549,463</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">William Tuorto</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">387,020</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">ClearThink Capital Partners, LLC</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">584,779</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">588,015</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">ClearThink Capital Partners, LLC (RBW)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,267,632</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,619,159</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Agile Capital Funding, LLC</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,816,972</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,713,300</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">JJ Astor</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">6,453,996</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">5,553,900</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 2.5pt">Total notes payable</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">16,992,802</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">15,307,660</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Loans and notes payable, current</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">8,293,922</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">7,443,434</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Loans and notes payable, long term</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">8,698,880</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">7,864,226</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

13556

64517

410200

358827

248877

500000

4112159

3701402

838784

549463

387020

584779

588015

1267632

1619159

1816972

1713300

6453996

5553900

16992802

15307660

8293922

7443434

8698880 7864226 <table cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfLoansAndNotesPayableRelatedPartiesTableTextBlock_zeadXZoYVGC" style="font: 10pt Chivo; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Loans and Notes Payable (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Schedule of loans and notes payable related parties</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: bottom; font-weight: 400; font-style: normal; text-transform: none; text-align: center"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; font-weight: 400; font-style: normal; text-transform: none"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: 400; font-style: normal; text-transform: none; text-align: center">March 31, 2026</td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; font-weight: 400; font-style: normal; text-transform: none"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: 400; font-style: normal; text-transform: none; text-align: center">December 31, 2025</td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center; font-weight: 400; font-style: normal; text-transform: none"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Jorgan Development, LLC</td> <td style="width: 1%; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="width: 1%; font-weight: 400; font-style: normal; text-transform: none; text-align: left">$</td> <td style="width: 9%; font-weight: 400; font-style: normal; text-transform: none; text-align: right">-</td> <td style="width: 1%; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="width: 1%; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="width: 1%; font-weight: 400; font-style: normal; text-transform: none; text-align: left">$</td> <td style="width: 9%; font-weight: 400; font-style: normal; text-transform: none; text-align: right">1,137,563</td> <td style="width: 1%; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">James Ballengee Companies</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right"><span id="xdx_909_ecustom--NotesPayableRelatedParties_c20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JamesBallengeeCompaniesMember_pp0p0" title="Total Notes Payable- related parties">2,038,987</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right"><span id="xdx_908_ecustom--NotesPayableRelatedParties_c20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JamesBallengeeCompaniesMember_pp0p0" title="Total Notes Payable- related parties">1,981,730</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Meridian Equipment Leasing, LLC</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right"><span id="xdx_90C_ecustom--NotesPayableRelatedParties_c20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MeridianEquipmentLeasingLLCMember_pp0p0" title="Total Notes Payable- related parties">6,329,560</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right"><span id="xdx_902_ecustom--NotesPayableRelatedParties_c20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MeridianEquipmentLeasingLLCMember_pp0p0" title="Total Notes Payable- related parties">6,701,887</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Triple T Trading Company LLC</td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: right"><span id="xdx_90B_ecustom--NotesPayableRelatedParties_c20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TripleTTradingCompanyLLCMember_pp0p0" title="Total Notes Payable- related parties">505,810</td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: right"><span id="xdx_905_ecustom--NotesPayableRelatedParties_c20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TripleTTradingCompanyLLCMember_pp0p0" title="Total Notes Payable- related parties">497,109</td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Total notes payable - related parties</td> <td style="padding-bottom: 2.5pt; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: 400; font-style: normal; text-transform: none; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-weight: 400; font-style: normal; text-transform: none; text-align: right">8,874,356</td> <td style="padding-bottom: 2.5pt; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="padding-bottom: 2.5pt; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: 400; font-style: normal; text-transform: none; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-weight: 400; font-style: normal; text-transform: none; text-align: right">10,318,288</td> <td style="padding-bottom: 2.5pt; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Loans and notes payable, current - related parties</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left">$</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">2,544,797</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left">$</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">3,616,401</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Loans and notes payable, long term - related parties</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left">$</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">6,329,560</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left">$</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">6,701,887</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> </table> 1137563 2038987 1981730 6329560 6701887 505810 497109 8874356 10318288 2544797 3616401 6329560 6701887 <table cellpadding="0" cellspacing="0" id="xdx_89D_ecustom--ScheduleOfMaturitiesOfLongTermDebtsTableTextBlock_zuIgZSggQcxi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Loans and Notes Payable (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Schedule of maturities of loans and notes payable</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_494_20260331_us-gaap--DebtInstrumentAxis_custom--LoansAndNotesPayableMember" style="text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_495_20251231_us-gaap--DebtInstrumentAxis_custom--LoansAndNotesPayableMember" style="text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_iI_pp0p0_maLTDz8pk_z3MpJ0QvGMz3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; text-align: left">2026</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">11,566,803</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">11,501,679</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_iI_pp0p0_maLTDz8pk_zuUShRtm13rl" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">2027</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">10,179,890</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">9,345,236</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree_iI_pp0p0_maLTDz8pk_ztTsOnk9rSni" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">2028</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,781,803</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,781,803</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour_iI_pp0p0_maLTDz8pk_zEsW1wmN41Ie" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">2029</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,040,958</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,413,285</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive_iI_pp0p0_maLTDz8pk_z0PNuKPfZyvc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">2030</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">25,788</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">25,788</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive_iI_pp0p0_maLTDz8pk_zlO2rVI46XKc" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; vertical-align: top; text-align: left">Thereafter</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">-</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--LongTermDebt_iTI_pp0p0_mtLTDz8pk_maDCzPh3_zLlYmoXta1a1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Total long-term debt</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">26,595,242</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">26,067,791</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--DebtInstrumentUnamortizedDiscount_iNI_pp0p0_di_msDCzPh3_z4BGsAvBn4fd" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; vertical-align: top; text-align: left">Less: unamortized OID:</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(728,084</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(441,843</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--DebtCurrent_iTI_pp0p0_mtDCzPh3_znNI8C1YqRJd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2.5pt; vertical-align: top; text-align: left">Net debt</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">25,867,159</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">25,625,948</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

11566803

11501679

10179890

9345236

1781803

3040958

3413285

25788

26595242

26067791

728084

441843

25867159

25625948

322000

280000

42000

0.15

289321

32679

5100000

3200000

278449

1267632

535471

387020

993750

750000

6453996

43654

1100000

4112159

Note 12. Other Current Liabilities Certain conversion features embedded within the Company’s convertible debt instruments contain variable settlement provisions and are accounted for as derivative liabilities in accordance with ASC 815, Derivatives and Hedging. As of March 31, 2026 and December 31, 2025, the Company had outstanding balances of approximately $9.1 million, respectively, related to derivative liabilities. As of March 31, 2026 and December 31, 2025, the Company had outstanding balances of approximately $5.3 and $7.1 million, respectively, under a line of credit arrangement with B1 Bank related to accounts receivable factoring. During the three months ended March 31, 2026, B1 Bank applied approximately $1.8 million of restricted cash maintained by the Company against the outstanding balance under the facility. The facility remained matured as of March 31, 2026.

9100000

5300000

7100000

1800000

Note 13. Commitments and Contingencies Finance Leases The Company has finance lease arrangements related primarily to storage, terminaling, and transportation equipment. Certain finance lease obligations are subject to forbearance arrangements and revised payment terms. As of March 31, 2026 and December 31, 2025, respectively, finance lease liabilities consisted of the following: <table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--FinanceLeaseLiabilityMaturityTableTextBlock_zAnoZzfWl4ig" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Commitments and Contingencies (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Schedule of financing lease liability</td> <td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td> <td id="xdx_49B_20260331_zR4r6pdJbA1f" style="text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td> <td id="xdx_49E_20251231_zeGg62O3wFce" style="text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: left">Description</td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">March 31, 2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">December 31, 2025</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td></tr> <tr id="xdx_40E_eus-gaap--FinanceLeaseLiability_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; text-align: left; padding-bottom: 1pt">Principal portion of finance lease obligations</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">8,711,783</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">8,711,784</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_ecustom--FinanceLeaseAccruedInterest_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Accrued interest</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; text-align: right">651,422</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; text-align: right">390,068</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--FinanceLeaseLiabilityCurrent_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 2.5pt">Total finance lease liabilities (current)</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">9,363,205</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">9,101,852</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Operating Leases The Company leases office space, land, trucking yards, and equipment under non-cancelable operating lease agreements with remaining lease terms ranging from less than one year to approximately three years. The right-of-use assets for operating leases as of March 31, 2026 and December 31, 2025 were $406,308 and $494,755, respectively. Rent expense for the period ended March 31, 2026 and December 31, 2025 were $98,129 and $494,755, respectively. Operating lease liabilities consisted of the following: <table cellpadding="0" cellspacing="0" id="xdx_89C_eus-gaap--LesseeOperatingLeaseLiabilityMaturityTableTextBlock_zkrNsgudUe66" style="font: 10pt Chivo; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Commitments and Contingencies (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Schedule of lessee operating lease liability</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td id="xdx_498_20260331_zKPfCDrUOCQ" style="font-weight: 400; font-style: normal; text-transform: none; text-align: right"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_pp0p0_maLOLLPzya5_zibHUsenVdMg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 88%; font-weight: 400; font-style: normal; text-transform: none; text-align: left">2026</td> <td style="width: 1%; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="width: 1%; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="width: 9%; font-weight: 400; font-style: normal; text-transform: none; text-align: right">226,467</td> <td style="width: 1%; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_pp0p0_maLOLLPzya5_zidlNkziNpyb" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">2027</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">181,559</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_pp0p0_maLOLLPzya5_zm6x1AfpM2V9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">2028</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">56,220</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_pp0p0_maLOLLPzya5_zV0vWCNjOHVh" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">2029</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">-</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_iI_pp0p0_maLOLLPzya5_z8LzCBhRjjmb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; text-align: left; font-weight: 400; font-style: normal; text-transform: none; vertical-align: top">Thereafter</td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: right">-</td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_pp0p0_mtLOLLPzya5_zXIZ9QMCo3T8" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Total undiscounted lease payments</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">464,246</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Less: Imputed interest</td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: right">57,939</td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiability_iI_pp0p0_zE4LZ3rdvVBd" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2.5pt; text-align: left; font-weight: 400; font-style: normal; text-transform: none; vertical-align: top">Present value of lease payments</td> <td style="padding-bottom: 2.5pt; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: 400; font-style: normal; text-transform: none; text-align: right">406,308</td> <td style="padding-bottom: 2.5pt; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Operating lease liabilities, current</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">247,868</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Operating lease liabilities, long-term</td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: right">158,440</td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--OperatingLeaseLiability_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="color: rgb(204,238,255); text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2.5pt; text-align: left; font-weight: normal; font-style: normal; text-transform: none; vertical-align: top">Operating lease liability</td> <td style="padding-bottom: 2.5pt; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: 400; font-style: normal; text-transform: none; text-align: right">406,308</td> <td style="padding-bottom: 2.5pt; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Weighted-average remaining lease term(mo.)</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">7.11</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Weighted-average discount rate</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">9.12</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left">%</td></tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--FinanceLeaseLiabilityMaturityTableTextBlock_zAnoZzfWl4ig" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Commitments and Contingencies (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Schedule of financing lease liability</td> <td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td> <td id="xdx_49B_20260331_zR4r6pdJbA1f" style="text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td> <td id="xdx_49E_20251231_zeGg62O3wFce" style="text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: left">Description</td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">March 31, 2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">December 31, 2025</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td></tr> <tr id="xdx_40E_eus-gaap--FinanceLeaseLiability_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; text-align: left; padding-bottom: 1pt">Principal portion of finance lease obligations</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">8,711,783</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">8,711,784</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_ecustom--FinanceLeaseAccruedInterest_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1pt">Accrued interest</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; text-align: right">651,422</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; text-align: right">390,068</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--FinanceLeaseLiabilityCurrent_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 2.5pt">Total finance lease liabilities (current)</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">9,363,205</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">9,101,852</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

8711783

8711784

651422 390068

9363205

9101852

406308

494755

98129

494755

<table cellpadding="0" cellspacing="0" id="xdx_89C_eus-gaap--LesseeOperatingLeaseLiabilityMaturityTableTextBlock_zkrNsgudUe66" style="font: 10pt Chivo; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Commitments and Contingencies (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Schedule of lessee operating lease liability</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td id="xdx_498_20260331_zKPfCDrUOCQ" style="font-weight: 400; font-style: normal; text-transform: none; text-align: right"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_pp0p0_maLOLLPzya5_zibHUsenVdMg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 88%; font-weight: 400; font-style: normal; text-transform: none; text-align: left">2026</td> <td style="width: 1%; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="width: 1%; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="width: 9%; font-weight: 400; font-style: normal; text-transform: none; text-align: right">226,467</td> <td style="width: 1%; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_pp0p0_maLOLLPzya5_zidlNkziNpyb" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">2027</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">181,559</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_pp0p0_maLOLLPzya5_zm6x1AfpM2V9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">2028</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">56,220</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_pp0p0_maLOLLPzya5_zV0vWCNjOHVh" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">2029</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">-</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_iI_pp0p0_maLOLLPzya5_z8LzCBhRjjmb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; text-align: left; font-weight: 400; font-style: normal; text-transform: none; vertical-align: top">Thereafter</td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: right">-</td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_pp0p0_mtLOLLPzya5_zXIZ9QMCo3T8" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Total undiscounted lease payments</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">464,246</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Less: Imputed interest</td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: right">57,939</td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiability_iI_pp0p0_zE4LZ3rdvVBd" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2.5pt; text-align: left; font-weight: 400; font-style: normal; text-transform: none; vertical-align: top">Present value of lease payments</td> <td style="padding-bottom: 2.5pt; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: 400; font-style: normal; text-transform: none; text-align: right">406,308</td> <td style="padding-bottom: 2.5pt; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Operating lease liabilities, current</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">247,868</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Operating lease liabilities, long-term</td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-transform: none; text-align: right">158,440</td> <td style="padding-bottom: 1pt; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--OperatingLeaseLiability_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="color: rgb(204,238,255); text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2.5pt; text-align: left; font-weight: normal; font-style: normal; text-transform: none; vertical-align: top">Operating lease liability</td> <td style="padding-bottom: 2.5pt; font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: 400; font-style: normal; text-transform: none; text-align: right">406,308</td> <td style="padding-bottom: 2.5pt; font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Weighted-average remaining lease term(mo.)</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">7.11</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-weight: 400; font-style: normal; text-transform: none; text-align: left">Weighted-average discount rate</td> <td style="font-weight: 400; font-style: normal; text-transform: none"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left"> </td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: right">9.12</td> <td style="font-weight: 400; font-style: normal; text-transform: none; text-align: left">%</td></tr> </table>

226467

181559

56220

464246

57939

406308

247868

158440

406308

P7Y1M9D

0.0912

Note 14. Stockholders’ Equity Series A Preferred Stock The Company’s Series A Preferred Stock has a stated value of $1,000 per share, carries a cumulative dividend of 6% per annum based on the stated value, is convertible into shares of the Company’s common stock at the Company’s request, and votes on an “as-converted” basis, subject to the terms of the Certificate of Designation. As of March 31, 2026 and December 31, 2025, there were 96,731 shares of Series A Preferred Stock issued and outstanding, respectively. Pursuant to the Debt Satisfaction and Preferred Stock Amendment Agreement dated November 25, 2025, dividends on the Company’s Series A Convertible Preferred Stock were suspended from April 30, 2026 through April 29, 2027 in connection with amendments to the preferred stock terms and the satisfaction of certain outstanding convertible indebtedness. Common Stock The Company has authorized 500,000,000 shares of common stock, par value $0.001 per share. All share and per share amounts presented in the accompanying condensed consolidated financial statements have been retroactively adjusted to reflect the Company’s 1-for-200 reverse stock split effected during 2026.

1000

0.06

96731

500000000

0.001

1-for-200 reverse stock split

Note 15. Share-Based Compensation and Warrants The Company maintains the 2023 Equity and Incentive Plan (the “2023 Plan”), pursuant to which the Company may grant stock options, restricted stock awards, restricted stock units, and other equity-based awards to employees, directors, consultants, and service providers. During the three months ended March 31, 2026 and 2025, the Company issued an aggregate of <span id="xdx_905_eus-gaap--StockIssuedDuringPeriodSharesShareBasedCompensation_c20260101__20260331__us-gaap--AwardTypeAxis__custom--StockOptionsMember__srt--CounterpartyNameAxis__custom--EmployeesMember_pdd" title="Stock isued for stock-based compensation">36,515 and <span id="xdx_907_eus-gaap--StockIssuedDuringPeriodSharesShareBasedCompensation_c20250101__20250331__us-gaap--AwardTypeAxis__custom--StockOptionsMember__srt--CounterpartyNameAxis__custom--EmployeesMember_pdd" title="Stock isued for stock-based compensation">1,000,833, respectively, shares of common stock as stock-based compensation to employees, directors and consultants. For the three months ended March 31, 2026 and 2025, the Company recognized stock-based compensation expense of approximately $<span id="xdx_90C_eus-gaap--ShareBasedCompensation_c20260101__20260331__us-gaap--AwardTypeAxis__custom--StockOptionsMember__srt--CounterpartyNameAxis__custom--EmployeesMember_pp0p0" title="Stock-based compensation">337,500 and $<span id="xdx_903_eus-gaap--ShareBasedCompensation_c20250101__20250331__us-gaap--AwardTypeAxis__custom--StockOptionsMember__srt--CounterpartyNameAxis__custom--EmployeesMember_pp0p0" title="Stock-based compensation">501,423, respectively. For the three months ended March 31, 2026 and 2025, the Company recognized consulting stock-based compensation expense of approximately $0 and $300,000, respectively. There were no other options or awards granted during the three months ended March 31, 2026. The following table summarizes all stock option activity of the Company for the three months ended March 31, 2026 and March 31, 2025: <table cellpadding="0" cellspacing="0" id="xdx_887_ecustom--ScheduleOWarrantsValuationAssumptionsTableTextBlock_zIA7Qam9WtA" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Share-Based Compensation and Warrants (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0in; vertical-align: top; text-align: left">Schedule of warrant assumptions</td> <td style="font: 10pt Times New Roman, Times, Serif"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: bold 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Number of Shares</td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Weighted Average Exercise Price</td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Weighted Average Remaining Contractual Life (Years)</td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 64%; text-align: left">Outstanding, December 31, 2025</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zfXgD7AkehJ1" title="Shares outstanding - beginning">7,109</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zD4FGZQeghJc" title="Weighted average exercise price - beginning">372</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_90F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zItkRVJmbcSl" title="Weighted average contractural term">2.59</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0in; vertical-align: top; text-align: left"> Granted</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_pdd" title="Number of shares, granted">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_pdd" title="Weighted average exercise price, granted">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0in; vertical-align: top; text-align: left"> Exercised</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_pdd" title="Weighted average exercise price, exercised">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Forfeited</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_pdd" title="Weighted average exercise price, forfeited">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Outstanding, March 31, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zoRT05mYfCh5" title="Shares outstanding - ending">7,109</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zHqA8Ko9YkHf" title="Weighted average exercise price - ending">372</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zAVHjv4d4Hn" title="Weighted average contractural term">2.59</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0in; vertical-align: top; text-align: left"> Outstanding, December 31, 2024</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20250101__20250331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z2dR74WAL6c7" title="Shares outstanding - beginning">8,609</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20250101__20250331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zn1iRbvMbZQi" title="Weighted average exercise price - beginning">518</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z6seKCKxCl1b" title="Weighted average contractural term">6.47</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Granted</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c20250101__20250331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_pdd" title="Number of shares, granted">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_c20250101__20250331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_pdd" title="Weighted average exercise price, granted">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0in; vertical-align: top; text-align: left"> Exercised</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_c20250101__20250331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_pdd" title="Weighted average exercise price, exercised">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Forfeited</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice_c20250101__20250331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_pdd" title="Weighted average exercise price, forfeited">0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Outstanding, March 31, 2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20250101__20250331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zg2yozhuxb5i" title="Shares outstanding - ending">8,609</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_c20250101__20250331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zZERGkmcDkmk" title="Weighted average exercise price - ending">394</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20250101__20250331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zFbKEdWOIaC8" title="Weighted average contractural term">4.39</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> The Company maintains the 2025 Equity and Incentive Plan (the “2025 Plan”), pursuant to which the Company may grant stock options, restricted stock awards, restricted stock units, and other equity-based awards to employees, directors, consultants, and service providers. No awards have been granted under the 2025 Plan.

36515

1000833

337500

501423

300000

<table cellpadding="0" cellspacing="0" id="xdx_887_ecustom--ScheduleOWarrantsValuationAssumptionsTableTextBlock_zIA7Qam9WtA" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Share-Based Compensation and Warrants (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0in; vertical-align: top; text-align: left">Schedule of warrant assumptions</td> <td style="font: 10pt Times New Roman, Times, Serif"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: bold 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Number of Shares</td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Weighted Average Exercise Price</td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Weighted Average Remaining Contractual Life (Years)</td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 64%; text-align: left">Outstanding, December 31, 2025</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zfXgD7AkehJ1" title="Shares outstanding - beginning">7,109</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zD4FGZQeghJc" title="Weighted average exercise price - beginning">372</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_90F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20250101__20251231__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zItkRVJmbcSl" title="Weighted average contractural term">2.59</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0in; vertical-align: top; text-align: left"> Granted</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_pdd" title="Number of shares, granted">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_pdd" title="Weighted average exercise price, granted">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0in; vertical-align: top; text-align: left"> Exercised</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_pdd" title="Weighted average exercise price, exercised">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Forfeited</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_pdd" title="Weighted average exercise price, forfeited">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Outstanding, March 31, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zoRT05mYfCh5" title="Shares outstanding - ending">7,109</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zHqA8Ko9YkHf" title="Weighted average exercise price - ending">372</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20260101__20260331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zAVHjv4d4Hn" title="Weighted average contractural term">2.59</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0in; vertical-align: top; text-align: left"> Outstanding, December 31, 2024</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20250101__20250331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z2dR74WAL6c7" title="Shares outstanding - beginning">8,609</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20250101__20250331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zn1iRbvMbZQi" title="Weighted average exercise price - beginning">518</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20240101__20241231__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_z6seKCKxCl1b" title="Weighted average contractural term">6.47</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Granted</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c20250101__20250331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_pdd" title="Number of shares, granted">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_c20250101__20250331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_pdd" title="Weighted average exercise price, granted">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; padding-left: 0in; vertical-align: top; text-align: left"> Exercised</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_c20250101__20250331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_pdd" title="Weighted average exercise price, exercised">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Forfeited</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice_c20250101__20250331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_pdd" title="Weighted average exercise price, forfeited">0</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Outstanding, March 31, 2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20250101__20250331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zg2yozhuxb5i" title="Shares outstanding - ending">8,609</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_c20250101__20250331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zZERGkmcDkmk" title="Weighted average exercise price - ending">394</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20250101__20250331__us-gaap--AwardTypeAxis__us-gaap--StockOptionMember_zFbKEdWOIaC8" title="Weighted average contractural term">4.39</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

7109

372

P2Y7M2D

7109

372

P2Y7M2D

8609

518

P6Y5M19D

8609

394

P4Y4M20D

Note 16. Segments The Company operates through three reportable operating segments: (i) transportation and logistics services, (ii) terminaling and storage services, and (iii) supply and trading. The Company’s Chief Executive Officer, who is the chief operating decision maker (“CODM”), evaluates segment performance based on gross profit. Three Months Ended March 31, 2026: <table cellpadding="0" cellspacing="0" id="xdx_89A_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_zLqR7sDGNWjk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Segments (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: -0.125in; padding-left: 0.25in; text-align: left; padding-bottom: 1pt">Schedule of segment reporting information, by segment</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"> Transportation and Logistics Segment</td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"> Terminaling and Storage Segment</td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Supply and Trading Segment</td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Total Consolidated</td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.125in; padding-left: 0.125in; width: 52%; vertical-align: top">Revenues</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_90F_eus-gaap--Revenues_c20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--TransportationLogisticsSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesMember_pp0p0" title="Total revenues">402,728</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_902_eus-gaap--Revenues_c20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--TerminalingAndStorageSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesMember_pp0p0" title="Total revenues">140,532</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_90F_eus-gaap--Revenues_c20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--SupplyAndTradingSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesMember_pp0p0" title="Total revenues">13,550,125</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">14,093,384</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: -0.125in; padding-left: 0.25in; text-align: left; padding-bottom: 1pt">Revenues - related party</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--Revenues_c20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--TransportationLogisticsSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesRelatedPartyMember_pp0p0" title="Total revenues">3,632,508</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--Revenues_c20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--TerminalingAndStorageSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesRelatedPartyMember_pp0p0" title="Total revenues">1,732,218</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--Revenues_c20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--SupplyAndTradingSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesRelatedPartyMember_pp0p0" title="Total revenues">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">5,364,726</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: -0.125in; padding-left: 0.375in; text-align: left">Total revenues</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">4,035,235</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,872,750</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">13,550,125</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">19,458,110</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; vertical-align: top">Cost of revenues</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">195,336</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">13,539,544</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">13,734,880</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: -0.125in; padding-left: 0.25in; text-align: left">Gross profit</td> <td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,035,235</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">1,677,414</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">10,581</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">5,723,230</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> Three Months Ended March 31, 2025: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 0.125in; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"> Transportation and Logistics Segment</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"> Terminaling and Storage Segment</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"> Supply and Trading Segment</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"> Total Consolidated</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.125in; padding-left: 0.125in; width: 52%; vertical-align: top">Revenues</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_901_eus-gaap--Revenues_c20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--TransportationLogisticsSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesMember_pp0p0" title="Total revenues">3,287,663</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_900_eus-gaap--Revenues_c20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--TerminalingAndStorageSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesMember_pp0p0" title="Total revenues">16,231,043</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_901_eus-gaap--Revenues_c20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--SupplyAndTradingSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesMember_pp0p0" title="Total revenues">13,269,810</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">32,788,516</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: -0.125in; padding-left: 0.25in; text-align: left; padding-bottom: 1pt">Revenues - related party</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--Revenues_c20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--TransportationLogisticsSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesRelatedPartyMember_pp0p0" title="Total revenues">2,514,241</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--Revenues_c20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--TerminalingAndStorageSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesRelatedPartyMember_pp0p0" title="Total revenues">2,037,534</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--Revenues_c20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--SupplyAndTradingSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesRelatedPartyMember_pp0p0" title="Total revenues">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">4,551,775</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: -0.125in; padding-left: 0.375in; text-align: left">Total revenues</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,801,904</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">18,268,577</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">13,269,810</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">37,340,291</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; vertical-align: top">Cost of revenues</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">2,106,371</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">17,232,060</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">13,243,426</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">32,581,857</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: -0.125in; padding-left: 0.25in; text-align: left">Gross profit</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">3,695,533</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,036,517</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">26,384</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,758,434</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_89A_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_zLqR7sDGNWjk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Segments (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: -0.125in; padding-left: 0.25in; text-align: left; padding-bottom: 1pt">Schedule of segment reporting information, by segment</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"> Transportation and Logistics Segment</td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"> Terminaling and Storage Segment</td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Supply and Trading Segment</td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Total Consolidated</td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.125in; padding-left: 0.125in; width: 52%; vertical-align: top">Revenues</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_90F_eus-gaap--Revenues_c20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--TransportationLogisticsSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesMember_pp0p0" title="Total revenues">402,728</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_902_eus-gaap--Revenues_c20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--TerminalingAndStorageSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesMember_pp0p0" title="Total revenues">140,532</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_90F_eus-gaap--Revenues_c20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--SupplyAndTradingSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesMember_pp0p0" title="Total revenues">13,550,125</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">14,093,384</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: -0.125in; padding-left: 0.25in; text-align: left; padding-bottom: 1pt">Revenues - related party</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--Revenues_c20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--TransportationLogisticsSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesRelatedPartyMember_pp0p0" title="Total revenues">3,632,508</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--Revenues_c20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--TerminalingAndStorageSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesRelatedPartyMember_pp0p0" title="Total revenues">1,732,218</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--Revenues_c20260101__20260331__us-gaap--StatementBusinessSegmentsAxis__custom--SupplyAndTradingSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesRelatedPartyMember_pp0p0" title="Total revenues">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">5,364,726</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: -0.125in; padding-left: 0.375in; text-align: left">Total revenues</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">4,035,235</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,872,750</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">13,550,125</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">19,458,110</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; vertical-align: top">Cost of revenues</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">195,336</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">13,539,544</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">13,734,880</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: -0.125in; padding-left: 0.25in; text-align: left">Gross profit</td> <td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,035,235</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">1,677,414</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">10,581</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">5,723,230</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> Three Months Ended March 31, 2025: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 0.125in; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"> Transportation and Logistics Segment</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"> Terminaling and Storage Segment</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"> Supply and Trading Segment</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"> Total Consolidated</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.125in; padding-left: 0.125in; width: 52%; vertical-align: top">Revenues</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_901_eus-gaap--Revenues_c20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--TransportationLogisticsSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesMember_pp0p0" title="Total revenues">3,287,663</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_900_eus-gaap--Revenues_c20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--TerminalingAndStorageSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesMember_pp0p0" title="Total revenues">16,231,043</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_901_eus-gaap--Revenues_c20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--SupplyAndTradingSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesMember_pp0p0" title="Total revenues">13,269,810</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">32,788,516</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: -0.125in; padding-left: 0.25in; text-align: left; padding-bottom: 1pt">Revenues - related party</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--Revenues_c20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--TransportationLogisticsSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesRelatedPartyMember_pp0p0" title="Total revenues">2,514,241</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--Revenues_c20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--TerminalingAndStorageSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesRelatedPartyMember_pp0p0" title="Total revenues">2,037,534</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--Revenues_c20250101__20250331__us-gaap--StatementBusinessSegmentsAxis__custom--SupplyAndTradingSegmentMember__srt--ProductOrServiceAxis__custom--RevenuesRelatedPartyMember_pp0p0" title="Total revenues">-</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">4,551,775</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: -0.125in; padding-left: 0.375in; text-align: left">Total revenues</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,801,904</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">18,268,577</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">13,269,810</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">37,340,291</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; vertical-align: top">Cost of revenues</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">2,106,371</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">17,232,060</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">13,243,426</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">32,581,857</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; vertical-align: top; text-indent: -0.125in; padding-left: 0.25in; text-align: left">Gross profit</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">3,695,533</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,036,517</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">26,384</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">4,758,434</td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> </table>

402728

140532

13550125

14093384

3632508

1732218

5364726

4035235

1872750

13550125

19458110

195336

13539544

13734880

4035235

1677414

10581

5723230

3287663

16231043

13269810

32788516

2514241

2037534

4551775

5801904

18268577

13269810

37340291

2106371

17232060

13243426

32581857

3695533

1036517

26384

4758434

Note 17. Income Tax The Company calculates its quarterly tax provision pursuant to the guidelines in ASC 740 Income Taxes. ASC 740 requires companies to estimate the annual effective tax rate for current year ordinary income. In calculating the effective tax rate, permanent differences between financial reporting and taxable income are factored into the calculation, and temporary differences are not. The estimated annual effective tax rate represents the Company’s estimate of the tax provision in relation to the best estimate of pre-tax ordinary income or loss. The estimated annual effective tax rate is then applied to year-to-date ordinary income or loss to calculate the year-to-date interim tax provision. The Company recorded a provision for income taxes of $0 for the three months ended March 31, 2026 and 2025, respectively. The Company is projecting a (-0.10%) effective tax rate for the year ending December 31, 2025, which is primarily the result of permanent book to tax differences, increase in the valuation allowance, and the change in the naked credit deferred tax liability. The Company’s effective tax rate for the year ending December 31, 2025 was (-0.57%), which was primarily the result of the change in the naked credit deferred tax liability, increase in the valuation allowance and permanent adjustments.

-0.0057

Note 18. Related Party Transactions The Company engages in transactions with entities affiliated with James Ballengee, the Company’s Chief Executive Officer and principal shareholder, in the ordinary course of business. The Company is party to various commercial agreements with White Claw Crude, LLC (“WC Crude”), Jorgan Development, LLC (“Jorgan”), and other affiliated entities, including storage, throughput, transportation, and supply agreements. The Company also leases certain yard and transportation equipment from related parties affiliated with the Company’s Chief Executive Officer. Certain lease arrangements are accounted for as operating leases, with related amounts included in operating lease right-of-use assets and liabilities, while short-term lease payments are expensed as incurred. As of March 31, 2026 and December 31, 2025, accounts receivable – related party included a balance of approximately $1,439,228, primarily related to amounts due from the buyer of the Company’s previously divested wholly owned subsidiaries. The balances are non-interest bearing and due on demand.

1439228

Note 19. Subsequent Events The Company has evaluated subsequent events through the date the financial statements were available to issue. In May 2026, the Company entered into an Independent Contractor Agreement with William Tuorto for consulting services he is performing for the Company dating back to April 1, 2026. In connection with the agreement, on May 7, 2026, the Company issued <span id="xdx_909_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20260501__20260507__us-gaap--TypeOfArrangementAxis__custom--IndependentContractorAgreementMember__us-gaap--PlanNameAxis__custom--The2023PlanMember_zs20Ed4X2Hfe" title="Number of shares issued">69,083 shares of common stock under the 2023 Plan, which shares were issued without a restrictive legend pursuant to a Form S-8 registration statement. On May 4, 2026, the Company entered into a Forbearance Agreement with Cedarview Opportunities Master Fund LP related to the Company’s existing secured notes payable. Under the agreement, Cedarview agreed to extend the forbearance period through October 31, 2026, subject to certain repayment and financing conditions. In connection with the agreement, the Company issued Cedarview <span id="xdx_907_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20260501__20260504__us-gaap--TypeOfArrangementAxis__custom--ForbearanceAgreementMember__srt--CounterpartyNameAxis__custom--CedarviewMember_ztewLNJiQFY5" title="Number of shares issued">275,000 shares of common stock. On May 11, 2026, the Company issued <span id="xdx_903_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20260501__20260511__us-gaap--TypeOfArrangementAxis__custom--ExecutiveEmploymentAgreementMember__srt--CounterpartyNameAxis__custom--KimberlyHawleyMember_zklgl5RidRy2" title="Number of shares issued">250,000 shares of restricted common stock to Kimberly Hawley as a discretionary bonus pursuant to the terms of her Executive Employment Agreement dated July 24, 2025. The shares were issued at a value of $1.71 per share and were issued with a standard Rule 144 restrictive legend. On May 6, 2026, the Company entered into an additional forbearance and note payment amendment agreement with J.J. Astor & Co. related to the Company’s outstanding secured promissory notes they hold. Pursuant to the agreement, the parties revised certain repayment terms associated with the Company’s May 2026 Financing Transaction and extended certain repayment obligations through January 2027. On May 8, 2026, the <span id="xdx_907_eus-gaap--DebtInstrumentDescription_c20260501__20260508__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--InstitutionalInvestorsMember__us-gaap--LongtermDebtTypeAxis__custom--PromissoryNotesMember" title="Debt description">Company closed the initial tranche of a securities purchase agreement with certain institutional investors pursuant to which the Company issued promissory notes with aggregate gross proceeds of up to $12.0 million, to be funded in two tranches (the “May 2026 Financing Transaction”). The initial closing provided gross proceeds of $6.0 million before placement agent fees and offering expenses. If fully funded, the notes will have an aggregate principal amount of $15.0 million, inclusive of original issue discount, and are convertible into shares of the Company’s common stock subject to certain pricing terms and ownership limitations. In connection with the May 2026 Financing Transaction, the Company also entered into a standby equity purchase agreement.

69083

275000

250000

Company closed the initial tranche of a securities purchase agreement with certain institutional investors pursuant to which the Company issued promissory notes with aggregate gross proceeds of up to $12.0 million, to be funded in two tranches (the “May 2026 Financing Transaction”). The initial closing provided gross proceeds of $6.0 million before placement agent fees and offering expenses. If fully funded, the notes will have an aggregate principal amount of $15.0 million, inclusive of original issue discount, and are convertible into shares of the Company’s common stock subject to certain pricing terms and ownership limitations.

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