v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Information [Abstract]  
Segment Information

Note 11 — Segment Information

 

ASC Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance.

 

The Company operates and manages the business as one reportable and operating segment, which is the business of developing, manufacturing and commercializing AEI technology. The Company’s Chief Executive Officer has been identified as the chief operating decision maker (“CODM”), who reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one operating segment.

 

When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics, which include the following:

 

    For the three months ended
June 30,		     For the six months ended
June 30,		  
    2026     2025     2026     2025  
Other revenue   $ -     $ -     $ 10,500     $ -  
Field operations costs     104,545       -       197,423       -  
General and administrative and state tax expenses    

1,469,239

       1,069,799      

3,000,476

       2,412,281  
Research and development expenses     31,873       -       72,632       -  
Other significant non-cash items:                                
Stock based compensation expense     1,437,656       -       1,695,799       -  
Depreciation expense     10,351       -       20,702       -  
Amortization expense     2,919       2,919       5,838       5,838  
Loss from operations     (3,056,583 )     (1,072,718 )     (4,982,370 )     (2,418,119 )
Total other income (expenses)     (190,074 )     119,947       (124,515 )     (17,096 )
Net loss   $ (3,246,657 )   $ (952,771 )   $ (5,106,885 )   $ (2,435,215 )

 

    June 30,
2026		     December 31,
2025		  
Cash   $ 32,608     $ 213,688  
Accounts payable and accrued expenses   $ 2,203,218     $ 1,562,630  

 

As the Company has not earned any revenue for its main core of services, the key measures of segment profit or loss reviewed by the Company’s CODM are field operations costs, general and administrative expenses, research and development expenses to monitor, manage and forecast cash to ensure enough capital is available for working capital needs. The CODM also reviews general and administrative costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget.