| NOTE 6 – INTANGIBLE ASSETS |
NOTE 6 – INTANGIBLE ASSETS
Intangible assets at March 31, 2026 and December
31, 2025 consisted of the following:
March 31, 2026
| | |
Useful life | |
Gross
carrying amount | |
Accumulated
amortization | |
Net carrying
amount |
| New gas regulator intangible | |
Not yet in service | |
$ | 99,592 | | |
$ | — | | |
| 99,592 | |
| Interconnection agreements | |
16 years | |
| 7,700,000 | | |
| (962,501 | ) | |
| 6,737,499 | |
| | |
| |
$ | 7,799,592 | | |
$ | (962,501 | ) | |
$ | 6,837,091 | |
December 31, 2025
| | |
Useful life | |
Gross carrying amount | |
Accumulated
amortization | |
Net carrying amount |
| New gas regulator intangible | |
Not yet in service | |
$99,592 | |
$ | — | | |
99,592 |
| Interconnection agreements | |
16 years | |
7,700,000 | |
| (842,188 | ) | |
6,857,812 |
| | |
| |
$7,799,592 | |
$ | (842,188 | ) | |
$6,957,404 |
Amortization expense for the three months ended
March 31, 2026 and 2025 amounted to $120,313.
The following table outlines the estimated future
amortization expense at March 31, 2026:
| 2026 (9 months remaining) | | |
$ | 360,937 | |
| 2027 | | |
| 481,250 | |
| 2028 | | |
| 481,250 | |
| 2029 | | |
| 481,250 | |
| 2030 | | |
| 481,250 | |
| Thereafter | | |
| 4,451,562 | |
| | | |
$ | 6,737,499 | |
|