Our Accounts Receivable is pledged to Nations Interbanc, our line of credit.

Management considered the requirements of ASC 326 and evaluated the collectability of the related-party receivable as of December 31, 2025. While a significant portion of the receivable balance relates to VRG and other related-party amounts, management concluded that an allowance was not required based on the specific facts and circumstances existing at year-end.

The receivable primarily relates to project development activities associated with the VRG project. Management’s assessment considered the underlying economics of the project, contractual rights, expected sources of capital, project-level financing alternatives, potential strategic investors, anticipated future funding arrangements, and the overall recoverability of the amounts advanced. Based on these factors, management believes the receivable is recoverable and that an allowance for expected credit losses was not warranted as of December 31, 2025.

SCHEDULE OF LEASE RECEIVABLE ASSET