v3.26.1
Non-Controlling Interest
3 Months Ended
Mar. 31, 2026
Noncontrolling Interest [Abstract]  
Non-Controlling Interest Non-Controlling Interest
For entities that are consolidated, but not 100% owned, a portion of the net income or loss and corresponding equity is allocated to owners other than the Company. The aggregate of the net income or loss and corresponding equity that is not owned by the Company is included in non-controlling interests in the condensed consolidated financial statements.

Non-controlling interests are presented outside as a separate component of stockholders’ equity on the Company’s condensed consolidated balance sheets. The primary components of non-controlling interests are separately presented in the Company’s condensed consolidated statements of changes in stockholders’ equity to clearly distinguish the interest in the Company and other ownership interests in the consolidated entities. Net income or loss includes the net income or loss attributable to the holders of non-controlling interests on the Company’s condensed consolidated statements of operations. Net income or loss is allocated to non-controlling interests in proportion to their relative ownership interests.

As of March 31, 2026, Fermata Energy II LLC, Nuvve New Mexico LLC, AggergationV2G LLC, CamerEye LLC and Deep Impact are included as the non-controlling interest entities.

The following table summarizes non-controlling interests presented as a separate component of stockholders’ deficit on the Company’s condensed consolidated balance sheet at March 31, 2026:

March 31, 2026December 31, 2025
Beginning Balance$(755,246)(28,809)
Net loss attributable to non-controlling interests
$(432,936)(726,437)
Non-controlling interests$(1,188,182)$(755,246)

The following table summarizes non-controlling interests presented as a separate component of the Company’s condensed consolidated statements of operations as of March 31, 2026:

Three Months Ended March 31,
20262025
Net income (loss) attributable to non-controlling interests
$(432,936)$(5,598)