v3.26.1
Investment In Unconsolidated Entities (Tables)
6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Investment in Unconsolidated Entities

 

 

June 30, 2026

 

 

December 31, 2025

 

Phosagmex, S.A.P.I. de C.V.

 

$

(1,161,642

)

 

$

(984,113

)

CIC Limited

 

 

4,815,949

 

 

 

5,265,949

 

Ocean Minerals, LLC

 

 

4,037,030

 

 

 

4,536,912

 

Investment in unconsolidated entities

 

$

7,691,337

 

 

$

8,818,748

 

 

 

Schedule Of Financial Information

The following tables provide preliminary summarized financial information for OML, the Company’s equity method accounted investee, not adjusted for the percentage ownership of the Company, compiled from OML’s financial statements.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenue

 

$

298,917

 

 

$

32,151

 

 

$

504,696

 

 

$

405,849

 

General expenses

 

$

(3,599,860

)

 

$

(307,183

)

 

$

(4,696,207

)

 

$

(1,050,608

)

Payroll expenses

 

$

(730,894

)

 

$

(602,563

)

 

$

(1,330,919

)

 

$

(1,204,283

)

Net Loss

 

$

(4,036,445

)

 

$

(2,750,783

)

 

$

(8,561,413

)

 

$

(4,433,468

)

 

 

 

As of

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Total Assets

 

$

23,776,617

 

 

$

16,721,973

 

Total Liabilities

 

$

12,775,298

 

 

$

15,461,861