| Schedule of property and equipment, net |
| Schedule of property and equipment, net |
|
|
|
|
|
|
|
|
| |
|
March 31,
2026 |
|
|
December 31,
2025 |
|
| Vehicles and trailers |
|
$ |
1,655,548 |
|
|
$ |
1,655,548 |
|
| Equipment |
|
|
476,756 |
|
|
|
476,756 |
|
| Land |
|
|
527,000 |
|
|
|
527,000 |
|
| Crude & NGL Terminal and Related Equipment |
|
|
930,460 |
|
|
|
930,460 |
|
| Crude Oil Transfer Stations |
|
|
5,024,220 |
|
|
|
5,024,220 |
|
| Pipeline and Related Facilities |
|
|
43,462,544 |
|
|
|
43,462,544 |
|
| Tank Expansion |
|
|
1,627,385 |
|
|
|
- |
|
| Construction in process |
|
|
12,368,717 |
|
|
|
13,996,104 |
|
| Less: Accumulated amortization |
|
|
(8,931,800 |
) |
|
|
(7,775,432 |
) |
| |
|
$ |
57,140,830 |
|
|
$ |
58,297,200 |
|
|
| Schedule of property and equipment, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31, 2025 |
|
|
December 31, 2024 |
|
| |
|
Gross
Carrying
Amount |
|
|
Accumulated
Depreciation |
|
|
Net Book
Value |
|
|
Gross
Carrying
Amount |
|
|
Accumulated
Depreciation |
|
|
Net Book
Value |
|
| Vehicles and trailers |
|
$ |
1,655,548 |
|
|
$ |
(47,502 |
) |
|
$ |
1,608,046 |
|
|
$ |
30,485,730 |
|
|
$ |
(1,856,461 |
) |
|
$ |
28,629,269 |
|
| Equipment |
|
|
476,756 |
|
|
|
(306,520 |
) |
|
|
170,237 |
|
|
|
339,610 |
|
|
|
(33,069 |
) |
|
|
306,541 |
|
| Land |
|
|
527,000 |
|
|
|
- |
|
|
|
527,000 |
|
|
|
732,000 |
|
|
|
- |
|
|
|
732,000 |
|
| Building |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,630,000 |
|
|
|
(164,426 |
) |
|
|
1,465,574 |
|
| Crude & NGL terminal and related equipment |
|
|
930,460 |
|
|
|
(703,000 |
) |
|
|
227,460 |
|
|
|
930,460 |
|
|
|
(566,835 |
) |
|
|
363,625 |
|
| Crude Oil Transfer Stations |
|
|
5,024,220 |
|
|
|
(2,756,444 |
) |
|
|
2,267,776 |
|
|
|
6,570,080 |
|
|
|
(899,133 |
) |
|
|
5,670,947 |
|
| Pipeline and related facilities |
|
|
43,462,544 |
|
|
|
(3,961,966 |
) |
|
|
39,500,578 |
|
|
|
42,244,680 |
|
|
|
(771,544 |
) |
|
|
41,473,136 |
|
| Finance
lease - Right of use assets |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
12,593,359 |
|
|
|
(4,367,820 |
) |
|
|
8,225,539 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Construction in process: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Wash Plant Facilities |
|
$ |
6,584,033 |
|
|
$ |
- |
|
|
$ |
6,584,033 |
|
|
$ |
5,997,566 |
|
|
$ |
- |
|
|
$ |
5,997,566 |
|
| Remediation Processing Unit System A |
|
|
2,892,343 |
|
|
|
- |
|
|
|
2,892,343 |
|
|
|
2,892,343 |
|
|
|
- |
|
|
|
2,892,343 |
|
| Remediation Processing Unit System B |
|
|
2,892,343 |
|
|
|
- |
|
|
|
2,892,343 |
|
|
|
2,892,343 |
|
|
|
- |
|
|
|
2,892,343 |
|
| WCCC Tank Expansion |
|
|
1,627,385 |
|
|
|
- |
|
|
|
1,627,385 |
|
|
|
1,390,488 |
|
|
|
- |
|
|
|
1,390,488 |
|
| Total fixed assets |
|
$ |
66,072,632 |
|
|
$ |
(7,775,432 |
) |
|
$ |
58,297,200 |
|
|
$ |
108,698,659 |
|
|
$ |
(8,659,288 |
) |
|
$ |
100,039,371 |
|
|