v3.26.1
SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENT REPORTING INFORMATION

A reconciliation of net loss for the reportable segments to the applicable line items within the accompanying consolidated statements of operations is as follows.

 

SCHEDULE OF SEGMENT REPORTING INFORMATION

   RPD   O&G   Renewables   Total 
   Three Months Ended
June 30, 2026		 
   RPD   O&G   Renewables   Total 
Revenue  $1,812,737   $143,031   $-   $1,955,768 
                     
Segment expense:                    
Cost of Engineering and process development services   1,259,074    -    -    1,259,074 
General and administrative   725,864    -    2,800,275    3,526,139 
Research and development costs   -    -    207,413    207,413 
Operating lease expense and severance tax   -    95,125    -    95,125 
Adjusted segment operating income (loss)   (172,201)    47,906    (3,007,688)   (3,131,983)
                     
Reconciliation of “Adjusted segment operating income (loss)” to “Loss before income taxes”                    
Depreciation, depletion and amortization   36,535    5,479    5,381    47,395 
Write off of application costs incurred on abandoned patent applications   -    -    190,367    190,367 
Changes in fair value of convertible note   104,397    -    -    104,397 
Interest expense   -    -    99,726    99,726 
Interest income   -    -    (69,307)   (69,307)
Foreign currency gain   -    -    4,851    4,851 
Loss before income taxes  $(313,133)  $42,427   $(3,238,706)  $(3,509,412)

 

   RPD   O&G   Renewables   Total 
   Six Months Ended
June 30, 2026		 
   RPD   O&G   Renewables   Total 
Revenue  $3,024,484   $275,996   $-   $3,300,480 
                     
Segment expense:                    
Engineering and Process development services   1,925,564    -    -    1,925,564 
General and administrative expenses   1,588,124    -    7,349,746    8,937,870 
Research and development costs   -    -    394,146    394,146 
Operating lease expense and severance tax   -    220,787    -    220,787 
Adjusted segment operating income (loss)   (489,204)   55,209    (7,743,892)   (8,177,887)
                     
Reconciliation of “Adjusted segment operating income (loss)” to “Loss before income taxes”                    
Depreciation, depletion and amortization   104,123    70,228    10,804    185,155 
Write off of application costs incurred on abandoned patent applications   -    -    474,294    474,294 
Changes in fair value of convertible note   104,397    -    -    104,397 
Interest expense   -    -    258,711    258,711 
Interest income   -    -    (136,871)   (136,871)
Foreign currency gain   -    -    4,369    4,369 
Loss before income taxes  $(697,724)  $(15,019)   $(8,355,199)  $(9,067,942)

 

 

   RPD   O&G   Renewables   Total 
   Three Months Ended
June 30, 2025		 
   RPD   O&G   Renewables   Total 
Revenue  $483,627   $-   $-   $483,627 
                     
Segment expense:                    
Engineering and Process development services   824,816    -    -    824,816 
General and administrative expenses   437,527    -    963,930    1,401,457 
Research and development costs   -    -    121,431    121,431 
Operating lease expense and severance tax   -    -    -    - 
Adjusted segment operating income (loss)   (778,716)   -    (1,085,360)   (1,864,077)
                     
Reconciliation of “Adjusted segment operating income (loss)” to “Loss before income taxes”                    
Depreciation, depletion and amortization   56,299    -    -    56,299 
Grant income   -    -    (46,604)   (46,604)
Change in far value of warrant liability   -    -    (51,418)   (51,418)
Interest expense   -    -    99,726    99,726 
Foreign currency gain   -    -    23,258    23,258 
Loss before income taxes  $(835,015)  $-   $(1,110,323)  $(1,945,338)

 

   RPD   O&G   Renewables   Total 
   Six Months Ended
June 30, 2025		 
   RPD   O&G   Renewables   Total 
Revenue  $483,627   $-   $-   $483,627 
                     
Segment expense:                    
Engineering and Process development services   824,816    -    -    824,816 
General and administrative expenses   437,527    -    1,962,769    2,400,296 
Research and development costs   -    -    724,406    724,406 
Operating lease expense and severance tax   -    -    -    - 
Adjusted segment operating income (loss)   (778,716)   -    (2,687,175)   (3,415,891)
                     
Reconciliation of “Adjusted segment operating income (loss)” to “Loss before income taxes”                    
Depreciation, depletion and amortization   56,299    -    -    56,299 
Grant income   -    -    (737,811)   (737,811)
Changes in fair value of warrant liability   -    -    (45,965)   (45,965)
Interest expense   -    -    198,356    198,356 
Foreign currency gain   -    -    16,809    16,809 
Loss before income taxes  $(835,015)  $-   $(2,118,564)  $(2,953,579)

 

Oil and gas revenues and expenses for the legacy HUSA business have been included in the accompanying unaudited condensed consolidated statements of operations from July 1, 2025. See Note 5 – Acquisition above.

 

RPD’s revenues and expenses have been included in the accompanying unaudited condensed consolidated statements of operations beginning April 16, 2025, the date on which RPD and the Company became entities under common control. See Note 4- Common Control Transactions.

 

 

         
   Six Months Ended
June 30,		 
   2026   2025 
Depreciation, depletion and amortization:          
RPD  $104,123   $56,299 
O&G   70,228    - 
Renewables   10,804    - 
Consolidated depreciation, depletion and amortization expense  $185,155   $56,299 

 

   June 30, 2026   December 31, 2025 
Assets:          
RPD  $4,291,313   $2,475,498 
O&G   673,288   $794,963 
Renewables   43,561,560    31,060,468 
Total assets of reportable segments  $48,526,161   $34,330,929