| NOTE 6 – INTANGIBLE ASSETS |
NOTE 6 – INTANGIBLE ASSETS
Intangible assets at June 30, 2026, and December
31, 2025, consisted of the following:
June 30, 2026
| NOTE 6 - INTANGIBLE ASSETS - Intangible Assets (Details) | |
Useful life | |
Gross carrying
amount | |
Accumulated
amortization | |
Net carrying
amount |
| New gas regulator intangible | |
Not yet in service | |
$ | 99,592 | | |
$ | — | | |
| 99,592 | |
| Interconnection agreements | |
16 years | |
| 7,700,000 | | |
| (1,082,813 | ) | |
| 6,617,187 | |
| | |
| |
$ | 7,799,592 | | |
$ | (1,082,813 | ) | |
$ | 6,716,779 | |
December 31, 2025
| | |
Useful life | |
Gross carrying amount | |
Accumulated amortization | |
Net carrying amount |
| New
gas regulator intangible | |
Not
yet in service | |
$ | 99,592 | | |
$ |
— | |
$ | 99,592 | |
| Interconnection
agreements | |
16
years | |
| 7,700,000 | | |
|
(842,188) | |
| 6,857,812 | |
| | |
| |
$ | 7,799,592 | | |
$ |
(842,188) | |
$ | 6,957,404 | |
The following table outlines the estimated
future amortization expense at June 30, 2026:
| |
|
|
|
|
|
| 2026 (6 months remaining) |
|
|
$ |
240,625 |
|
| 2027 |
|
|
|
481,250 |
|
| 2028 |
|
|
|
481,250 |
|
| 2029 |
|
|
|
481,250 |
|
| 2030 |
|
|
|
481,250 |
|
| Thereafter |
|
|
|
4,451,562 |
|
| |
|
|
$ |
6,617,187 |
|
During the three and six months ended June
30, 2026 and 2025, the Company recognized amortization expenses as following:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| | |
Three Months Ended | |
Six Months Ended |
| | |
June 30, | |
June 30, |
| | |
2026 | |
2025 | |
2026 | |
2025 |
| Amortization expenses | |
$ | 120,312 | | |
$ | 120,312 | | |
$ | 240,625 | | |
$ | 240,625 | |
|