0001757840 2026-01-01 2026-06-30 0001757840 2026-06-30 0001757840 2025-12-31 0001757840 2025-01-01 2025-06-30 0001757840 us-gaap:CommonStockMember 2025-12-31 0001757840 us-gaap:AdditionalPaidInCapitalMember 2025-12-31 0001757840 us-gaap:RetainedEarningsMember 2025-12-31 0001757840 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-12-31 0001757840 us-gaap:CommonStockMember 2024-12-31 0001757840 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001757840 us-gaap:RetainedEarningsMember 2024-12-31 0001757840 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0001757840 2024-12-31 0001757840 us-gaap:CommonStockMember 2026-01-01 2026-06-30 0001757840 us-gaap:AdditionalPaidInCapitalMember 2026-01-01 2026-06-30 0001757840 us-gaap:RetainedEarningsMember 2026-01-01 2026-06-30 0001757840 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2026-01-01 2026-06-30 0001757840 us-gaap:CommonStockMember 2025-01-01 2025-06-30 0001757840 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-06-30 0001757840 us-gaap:RetainedEarningsMember 2025-01-01 2025-06-30 0001757840 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-06-30 0001757840 us-gaap:CommonStockMember 2026-06-30 0001757840 us-gaap:AdditionalPaidInCapitalMember 2026-06-30 0001757840 us-gaap:RetainedEarningsMember 2026-06-30 0001757840 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2026-06-30 0001757840 us-gaap:CommonStockMember 2025-06-30 0001757840 us-gaap:AdditionalPaidInCapitalMember 2025-06-30 0001757840 us-gaap:RetainedEarningsMember 2025-06-30 0001757840 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-06-30 0001757840 2025-06-30 0001757840 2024-06-30 0001757840 us-gaap:SubsequentEventMember 2026-08-01 2026-08-31 0001757840 us-gaap:WarrantMember 2026-01-01 2026-06-30 0001757840 us-gaap:WarrantMember 2025-01-01 2025-06-30 0001757840 us-gaap:EmployeeStockOptionMember 2026-01-01 2026-06-30 0001757840 us-gaap:EmployeeStockOptionMember 2025-01-01 2025-06-30 0001757840 2024-03-22 2024-03-22 0001757840 INDO:ATMAgreementMember 2024-12-18 0001757840 INDO:ATMAgreementMember 2025-06-17 0001757840 INDO:ATMAgreementMember 2026-02-05 0001757840 INDO:ATMAgreementMember 2026-04-27 0001757840 INDO:ATMAgreementMember 2026-06-30 0001757840 INDO:ATMAgreementMember 2024-03-31 0001757840 us-gaap:SubsequentEventMember 2026-09-22 0001757840 INDO:SecuritiesPurchaseAgreementMember INDO:FirstTrancheMember 2022-01-20 2022-01-21 0001757840 us-gaap:PrivatePlacementMember INDO:SecuritiesPurchaseAgreementMember INDO:FirstTrancheMember INDO:L1CapitalGlobalOpportunitiesMasterFundLtdMember 2022-01-20 2022-01-21 0001757840 INDO:SecuritiesPurchaseAgreementMember INDO:L1CapitalGlobalOpportunitiesMasterFundLtdMember 2022-01-21 0001757840 INDO:SecuritiesPurchaseAgreementMember INDO:FirstTrancheMember INDO:L1CapitalGlobalOpportunitiesMasterFundLtdMember 2022-01-21 0001757840 INDO:SecuritiesPurchaseAgreementMember INDO:SecondTrancheMember INDO:L1CapitalGlobalOpportunitiesMasterFundLtdMember 2022-01-21 0001757840 INDO:SecuritiesPurchaseAgreementMember INDO:L1CapitalGlobalOpportunitiesMasterFundLtdMember 2022-01-20 2022-01-21 0001757840 srt:MinimumMember INDO:SecuritiesPurchaseAgreementMember INDO:SecondTrancheMember INDO:L1CapitalGlobalOpportunitiesMasterFundLtdMember 2022-03-04 0001757840 srt:MaximumMember INDO:SecuritiesPurchaseAgreementMember INDO:SecondTrancheMember INDO:L1CapitalGlobalOpportunitiesMasterFundLtdMember 2022-03-04 0001757840 INDO:SecuritiesPurchaseAgreementMember INDO:SecondTrancheMember INDO:L1CapitalGlobalOpportunitiesMasterFundLtdMember 2022-03-04 0001757840 INDO:SecuritiesPurchaseAgreementMember 2025-12-31 0001757840 INDO:InitialWarrantMember us-gaap:WarrantMember 2022-01-24 0001757840 INDO:SecondWarrantMember us-gaap:WarrantMember 2022-05-23 0001757840 INDO:InitialWarrantMember INDO:L1CapitalGlobalOpportunitiesMasterFundLtdMember 2022-01-01 2022-12-31 0001757840 INDO:SecuritiesPurchaseAgreementMember 2022-12-31 0001757840 2022-01-01 2022-12-31 0001757840 INDO:InitialWarrantMember INDO:L1CapitalGlobalOpportunitiesMasterFundLtdMember 2026-01-01 2026-06-30 0001757840 2022-01-24 0001757840 2022-05-23 0001757840 2022-12-31 0001757840 2023-12-31 0001757840 us-gaap:MeasurementInputExpectedTermMember 2022-01-24 0001757840 us-gaap:MeasurementInputExpectedTermMember 2022-05-23 0001757840 INDO:InitialWarrantMember us-gaap:MeasurementInputExpectedTermMember 2022-12-31 0001757840 INDO:SecondWarrentMember us-gaap:MeasurementInputExpectedTermMember 2022-12-31 0001757840 INDO:InitialWarrantMember us-gaap:MeasurementInputExpectedTermMember 2023-12-31 0001757840 INDO:SecondWarrentMember us-gaap:MeasurementInputExpectedTermMember 2023-12-31 0001757840 INDO:InitialWarrantMember us-gaap:MeasurementInputExpectedTermMember 2024-12-31 0001757840 INDO:SecondWarrentMember us-gaap:MeasurementInputExpectedTermMember 2024-12-31 0001757840 INDO:InitialWarrantMember us-gaap:MeasurementInputExpectedTermMember 2025-12-31 0001757840 INDO:SecondWarrentMember us-gaap:MeasurementInputExpectedTermMember 2025-12-31 0001757840 INDO:InitialWarrantMember us-gaap:MeasurementInputExpectedTermMember 2026-06-30 0001757840 INDO:SecondWarrentMember us-gaap:MeasurementInputExpectedTermMember 2026-06-30 0001757840 us-gaap:MeasurementInputPriceVolatilityMember 2022-01-24 0001757840 us-gaap:MeasurementInputPriceVolatilityMember 2022-05-23 0001757840 us-gaap:MeasurementInputPriceVolatilityMember 2022-12-31 0001757840 us-gaap:MeasurementInputPriceVolatilityMember 2023-12-31 0001757840 INDO:InitialWarrantMember us-gaap:MeasurementInputPriceVolatilityMember 2024-12-31 0001757840 INDO:SecondWarrentMember us-gaap:MeasurementInputPriceVolatilityMember 2024-12-31 0001757840 INDO:InitialWarrantMember us-gaap:MeasurementInputPriceVolatilityMember 2025-12-31 0001757840 INDO:SecondWarrentMember us-gaap:MeasurementInputPriceVolatilityMember 2025-12-31 0001757840 INDO:InitialWarrantMember us-gaap:MeasurementInputPriceVolatilityMember 2026-06-30 0001757840 INDO:SecondWarrentMember us-gaap:MeasurementInputPriceVolatilityMember 2026-06-30 0001757840 us-gaap:MeasurementInputRiskFreeInterestRateMember 2022-01-24 0001757840 us-gaap:MeasurementInputRiskFreeInterestRateMember 2022-05-23 0001757840 us-gaap:MeasurementInputRiskFreeInterestRateMember 2022-12-31 0001757840 us-gaap:MeasurementInputRiskFreeInterestRateMember 2023-12-31 0001757840 us-gaap:MeasurementInputRiskFreeInterestRateMember 2024-12-31 0001757840 us-gaap:MeasurementInputRiskFreeInterestRateMember 2025-12-31 0001757840 INDO:InitialWarrantMember us-gaap:MeasurementInputRiskFreeInterestRateMember 2026-06-30 0001757840 INDO:SecondWarrantMember us-gaap:MeasurementInputRiskFreeInterestRateMember 2026-06-30 0001757840 us-gaap:MeasurementInputExpectedDividendRateMember 2022-01-24 0001757840 us-gaap:MeasurementInputExpectedDividendRateMember 2022-05-23 0001757840 us-gaap:MeasurementInputExpectedDividendRateMember 2022-12-31 0001757840 us-gaap:MeasurementInputExpectedDividendRateMember 2023-12-31 0001757840 us-gaap:MeasurementInputExpectedDividendRateMember 2024-12-31 0001757840 us-gaap:MeasurementInputExpectedDividendRateMember 2025-12-31 0001757840 us-gaap:MeasurementInputExpectedDividendRateMember 2026-06-30 0001757840 us-gaap:WarrantMember 2021-12-31 0001757840 us-gaap:WarrantMember 2022-06-15 2022-06-16 0001757840 us-gaap:WarrantMember 2022-08-18 2022-08-18 0001757840 us-gaap:WarrantMember 2022-08-28 2022-08-29 0001757840 us-gaap:WarrantMember 2022-01-01 2022-12-31 0001757840 us-gaap:WarrantMember 2022-12-31 0001757840 us-gaap:WarrantMember 2023-01-01 2023-12-31 0001757840 us-gaap:WarrantMember 2023-12-31 0001757840 us-gaap:WarrantMember 2024-01-01 2024-12-31 0001757840 us-gaap:WarrantMember 2024-12-31 0001757840 us-gaap:WarrantMember 2025-01-01 2025-12-31 0001757840 us-gaap:WarrantMember 2025-12-31 0001757840 us-gaap:WarrantMember 2026-01-01 2026-06-30 0001757840 us-gaap:WarrantMember 2026-06-30 0001757840 2022-06-16 2022-06-16 0001757840 2022-08-18 2022-08-18 0001757840 2022-08-29 2022-08-29 0001757840 INDO:FrankIngriselliMember INDO:EmploymentAgreementMember 2026-07-01 2026-07-01 0001757840 INDO:FrankIngriselliMember 2025-12-29 0001757840 INDO:MadericHoldingLimitedMember 2026-01-01 2026-06-30 0001757840 INDO:MadericHoldingLimitedMember 2025-01-01 2025-12-31 0001757840 INDO:HFOInvestmentGroupLtdMember 2026-01-01 2026-06-30 0001757840 INDO:HFOInvestmentGroupLtdMember 2025-01-01 2025-12-31 0001757840 INDO:DrWirawanJusufMember 2026-01-01 2026-06-30 0001757840 INDO:DrWirawanJusufMember 2025-01-01 2025-12-31 0001757840 INDO:FrankCIngriselliMember 2026-01-01 2026-06-30 0001757840 INDO:FrankCIngriselliMember 2025-01-01 2025-12-31 0001757840 INDO:ChiaHsinCharlieWuMember 2026-01-01 2026-06-30 0001757840 INDO:ChiaHsinCharlieWuMember 2025-01-01 2025-12-31 0001757840 INDO:MirzaFSaidMember 2026-01-01 2026-06-30 0001757840 INDO:MirzaFSaidMember 2025-01-01 2025-12-31 0001757840 INDO:JamesJHuangMember 2026-01-01 2026-06-30 0001757840 INDO:JamesJHuangMember 2025-01-01 2025-12-31 0001757840 INDO:GrogoryLOverholtzerMember 2026-01-01 2026-06-30 0001757840 INDO:GrogoryLOverholtzerMember 2025-01-01 2025-12-31 0001757840 INDO:CHIUCHENCHIAMember 2026-01-01 2026-06-30 0001757840 INDO:CHIUCHENCHIAMember 2025-01-01 2025-12-31 0001757840 INDO:CHIUCHENTAMember 2026-01-01 2026-06-30 0001757840 INDO:CHIUCHENTAMember 2025-01-01 2025-12-31 0001757840 INDO:PTWiranusaKaranaMardikaMember 2026-01-01 2026-06-30 0001757840 INDO:PTWiranusaKaranaMardikaMember 2025-01-01 2025-12-31 0001757840 INDO:PTWiranusaKaranaMardikaMember 2025-01-01 2025-06-30 0001757840 INDO:PTWiranusaKaranaMardikaMember 2026-06-30 0001757840 INDO:PTWiranusaKaranaMardikaMember 2025-12-31 0001757840 INDO:DrWirawanJusufMember 2023-01-01 0001757840 INDO:GiesmartPlazaZoneTwoMember 2025-06-30 0001757840 INDO:GiesmartPlazaZoneOneThreeAndFourMember 2025-06-30 0001757840 INDO:GiesmartPlazaZoneTwoMember 2026-06-30 0001757840 INDO:GiesmartPlazaZoneOneThreeAndFourMember 2026-06-30 0001757840 INDO:CitarumBlockPSCMember INDO:GeologicalAndGeophysicalGandGStudiesMember 2026-06-30 0001757840 INDO:CitarumBlockPSCMember INDO:TwoDSeismicMember 2026-06-30 0001757840 INDO:CitarumBlockPSCMember INDO:ThreeDSeismicMember 2026-06-30 0001757840 INDO:CitarumBlockPSCMember INDO:DrillingMember 2026-06-30 0001757840 INDO:CitarumBlockPSCMember 2026-06-30 0001757840 INDO:KruhBlockKSOMember INDO:LeaseCommitmentsMember 2026-06-30 0001757840 INDO:KruhBlockKSOMember INDO:ProductionFacilityMember 2026-06-30 0001757840 INDO:KruhBlockKSOMember INDO:GAndGStudiesMember 2026-06-30 0001757840 INDO:KruhBlockKSOMember INDO:TwoDSeismicMember 2026-06-30 0001757840 INDO:KruhBlockKSOMember INDO:ThreeDSeismicMember 2026-06-30 0001757840 INDO:KruhBlockKSOMember INDO:DrillingMember 2026-06-30 0001757840 INDO:KruhBlockKSOMember INDO:WorkoverMember 2026-06-30 0001757840 INDO:KruhBlockKSOMember INDO:CertificationMember 2026-06-30 0001757840 INDO:KruhBlockKSOMember INDO:AbandonmentAndSiteRestorationMember 2026-06-30 0001757840 INDO:KruhBlockKSOMember 2026-06-30 0001757840 INDO:SegmentReportingMember 2026-01-01 2026-06-30 0001757840 INDO:SegmentReportingMember 2025-01-01 2025-06-30 0001757840 2026-07-25 iso4217:USD shares iso4217:USD shares pure utr:D utr:acre utr:sqft INDO:Segment 6-K Indonesia Energy Corporation Limited false --12-31 2026-06-30 0001757840

5569600

5459309

988641

343041

1515662

1693897

8073903

7496247

1920000

39570

42363

8668601

9035337

1224667

509203

833985

810395

839191

1435700

1363586

14608136

15259129

22682039

22755376

584395

596218

1335 1383

397963

554905

162922

228624

145383

60986

36338

18248

141386

1469722

1460364

686435

724572

363932

111240

279080

290283

268908

1087958

1636492

2557680

3096856

0.00266667

3750000

0.00266667

37500000

15386840

14987474

41031

39966

72884888

70538866

-52909664

-51026783

108104

106471

20124359

19658520

22682039

22755376

1779453

1069505

1302454

1394411

421414

335348

1742249

1761060

3466117

3490819

-1686664

-2421314

-222546

32874

203906 509283

-229798

132463

14941

6234

-196217

-403460

-1882881

-2824774

-1882881

-2824774

-1882881

-2824774

1633

2357

-1881248

-2822417

-0.12

-0.19

15107123

14987474

39966

70538866

-51026783

106471

19658520

-1882881

1633

-1881248

94800

399366

1065

2251222

2252287

15386840

41031

72884888

-52909664

108104

20124359

13600519

36267

63978379

-45926978

103205

18190873

-2824774

2357

-2822417

1386955

3699

6560487

6564186

14987474

39966

70538866

-48751752

105562

21932642

-2090111

-2512393

-51885

-52373

2252287

6564186

110291

3999420

7379309

6493996

7489600

10493416

205678

5569600

5459309

1920000

7489600

7379309

NOTE 1 – ORGANIZATION AND PRINCIPAL ACTIVITIES Indonesia Energy Corporation Limited (the “Company,” “IEC,” “we,” “us,” our” and similar terminology), through its subsidiaries in Hong Kong and Indonesia, is an oil and gas exploration and production company focused on the Indonesian market. The Company currently holds two oil and gas assets through its subsidiaries in Indonesia: one producing block (the “Kruh Block”) and one exploration block (the “Citarum Block”). The Company also identified a potential third exploration block known as the “Rangkas Area.” In January 2024, new 3D seismic exploratory operations at the Company’s 63,778 acre Kruh Block commenced, which was completed in June 2024. Interpretation and reservoir study based on the 3D seismic data continued until September 2025. Importantly, the Company anticipates that the results of this seismic work will support the commencement of its continuing drilling program, which includes two back-to-back wells for which field operations are already underway. The first well, K-29, was spudded on July 25, 2026, and drilling operations commenced on the same date. The well reached a total measured depth of approximately 3,378 feet, and drilling operations were completed in August 2026. The actual production operations at K-29 are expected to commence in late September 2026. Following the completion of the K-29 well, the Company plans to commence drilling activities at the WK-5 as part of the drilling program. The second well, WK-5, is expected to be completed by the end of 2026. The Company also plans to conduct a continuous drilling program from 2027 through 2030 in the Kruh, West Kruh and North Kruh fields over the next four years to maximize production, during which it expects to drill 16 new wells, subject to the availability of capital and other financing, regulatory approvals and permits, the availability of drilling equipment and services, market conditions, and other factors beyond the Company’s control. The timing and number of wells ultimately drilled may differ materially from the Company’s current plans.

63778

3378

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation and consolidation The unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial statements. Accordingly, they may not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The interim financial information should be read in conjunction with the consolidated financial statements and footnotes in the Company’s financial statements for the fiscal year ended December 31, 2025 included in the Company’s Form 20-F filed with the SEC on April 29, 2026 (“2025 Annual Report”). There have been no changes to the Company’s significant accounting policies as disclosed in Note 2 to the consolidated financial statements included in the Company’s 2025 Annual Report. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair presentation of the Company’s condensed consolidated balance sheet as of June 30, 2026, condensed consolidated statements of operations, changes in equity and cash flows for the six months ended June 30, 2026 and 2025, as applicable, have been made. Operating results for the six months ended June 30, 2026 are not necessarily indicative of the operating results that may be expected for the fiscal year ending December 31, 2026 or any future periods. The unaudited condensed consolidated financial statements include the financial statements of the Company and all its majority-owned subsidiaries from the dates they were acquired or incorporated. All intercompany balances and transactions have been eliminated in consolidation. Recently accounting pronouncement adopted In December 2023, the FASB issued Accounting Standards Update (ASU) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which enhances the transparency and decision usefulness of income tax disclosures. The amendments address more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The ASU also includes certain other amendments to improve the effectiveness of income tax disclosures. The amendments in this ASU are effective for public business entities for annual periods beginning after December 15, 2024 on a prospective basis. Early adoption is permitted. The Company has adopted this ASU for the annual reporting period of the fiscal year beginning January 1, 2025, and the adoption was applied on a prospective basis, which did not have a material impact on the condensed consolidated financial statements. In July 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. The amendments provide a practical expedient and, if applicable, an accounting policy election to simplify the measurement of credit losses for certain receivables and contract assets. The amendments are effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. The Company has adopted this ASU and elected the practical expedient for the annual reporting period of the fiscal year beginning January 1, 2026, and the adoption was applied on a prospective basis. The adoption did not have a material impact on the Company’s condensed consolidated financial statements. Recently issued accounting standards which have not yet been adopted In November 2024, the FASB issued ASU 2024-03, “Disaggregation of Income Statement Expenses”, which requires companies to provide new financial statement disclosures disaggregating prescribed expense categories within relevant income statement expense captions. This amendment is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, on a prospective basis and early adoption and retrospective application is permitted. The Company is currently assessing the impact of adopting this standard on the consolidated financial statements. In January 2025, the FASB issued ASU 2025-01, “Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures.” The amendment in ASU 2025-01 amends the effective date of ASC 2024-03 to clarify that all public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of this amendment and does not expect that the adoption of this guidance will have a material impact on its financial position, results of operations and cash flows. In December 2025, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2025-11, Interim Reporting (Topic 270): Improvements to Interim Disclosure Requirements. The standard clarifies disclosure requirements for interim financial statements and is effective for interim periods within annual periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of this guidance on its condensed consolidated financial statements. In December 2025, the FASB issued ASU 2025-12, Codification Improvements (“ASU 2025-12”). ASU 2025-12 addresses suggestions received from stakeholders regarding the Accounting Standards Codification and makes other incremental improvements to U.S. GAAP. The update represents changes to the Codification that clarify, correct errors in or make other improvements to a variety of topics that are intended to make it easier to understand and apply. ASU 2025-12 is effective for fiscal years beginning after December 15, 2026 and interim periods within those fiscal years. Entities are required to apply the amendments to ASC 260 retrospectively. All other amendments may be applied prospectively or retrospectively. Early adoption is permitted. The Company is currently evaluating the impact of adopting ASU 2025-12. Other accounting pronouncements that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company’s condensed consolidated financial statements upon adoption. Warrant Liabilities The Company accounts for the warrants issued in connection with its January 2022 convertible note financing (see Note 6) in accordance with the guidance contained in Accounting Standards Codification (“ASC”) 815-40 Derivatives and Hedging - Contracts in Entity’s Own Equity (“ASC 815”) under which the warrants do not meet the criteria for equity treatment and must be recorded as liabilities. Accordingly, the Company classifies such warrants as liabilities at their fair value and adjusts the warrants to fair value at each reporting period. This liability is subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the condensed consolidated statements of operations. Such warrants are valued using the Black-Scholes option-pricing model as no observable traded price was available for such warrants. See Note 6 for further information. Fair Value of Financial Instruments The Company records certain of its financial assets and liabilities at fair value on a recurring basis. Fair value is considered to be the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. The established fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels of inputs may be used to measure fair value include: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">Level 1</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif">Level 2 </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif">Level 3</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.</td></tr> </table> The carrying values of the Company’s financial instruments, including cash and cash equivalents, restricted cash, accounts receivable, other current assets, accounts payables, other current liabilities, accrued expenses and tax payables, approximate their fair values due to the short-term nature of these instruments. Net Loss per Ordinary Share Basic net loss per share is determined by dividing net loss by the weighted average number of the Company’s ordinary shares, par value $0.00266667 per share (the “Ordinary Shares”), outstanding during the period, without consideration of potentially dilutive securities, except for those Ordinary Shares that are issuable for little or no cash consideration. Diluted net loss per share is determined by dividing net loss by diluted weighted average Ordinary Shares outstanding. Diluted weighted average shares reflect the dilutive effect, if any, of potentially dilutive Ordinary Shares, such as stock options and warrants calculated using the “treasury stock” and/or “if converted” methods, as applicable. In periods with reported net operating losses, all potential dilutive securities are generally deemed anti-dilutive such that basic net loss per share and diluted net loss per share are equal. <p id="xdx_890_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_zeq2M3580nB6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">For six months ended June 30, 2026 and 2025, the following potentially dilutive securities were excluded from the computation of diluted earnings per share because their effects would be anti-dilutive: SCHEDULE OF ANTI DILUTIVE EARNING PER SHARE <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49F_20260101__20260630_ziqD1hilaNob" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_499_20250101__20250630_zHS5rR3Up0Cc" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_407_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zn9wFoLJBM2k" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Warrants issued to L1 Capital (Note 6)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">442,240</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">442,240</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--EmployeeStockOptionMember_zvdN5rbBbSf5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Share options granted to the executive management</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">440,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_zJL7oVvQSAi1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">882,240</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">442,240</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

Basis of presentation and consolidation The unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial statements. Accordingly, they may not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The interim financial information should be read in conjunction with the consolidated financial statements and footnotes in the Company’s financial statements for the fiscal year ended December 31, 2025 included in the Company’s Form 20-F filed with the SEC on April 29, 2026 (“2025 Annual Report”). There have been no changes to the Company’s significant accounting policies as disclosed in Note 2 to the consolidated financial statements included in the Company’s 2025 Annual Report. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair presentation of the Company’s condensed consolidated balance sheet as of June 30, 2026, condensed consolidated statements of operations, changes in equity and cash flows for the six months ended June 30, 2026 and 2025, as applicable, have been made. Operating results for the six months ended June 30, 2026 are not necessarily indicative of the operating results that may be expected for the fiscal year ending December 31, 2026 or any future periods. The unaudited condensed consolidated financial statements include the financial statements of the Company and all its majority-owned subsidiaries from the dates they were acquired or incorporated. All intercompany balances and transactions have been eliminated in consolidation.

Recently accounting pronouncement adopted In December 2023, the FASB issued Accounting Standards Update (ASU) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which enhances the transparency and decision usefulness of income tax disclosures. The amendments address more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The ASU also includes certain other amendments to improve the effectiveness of income tax disclosures. The amendments in this ASU are effective for public business entities for annual periods beginning after December 15, 2024 on a prospective basis. Early adoption is permitted. The Company has adopted this ASU for the annual reporting period of the fiscal year beginning January 1, 2025, and the adoption was applied on a prospective basis, which did not have a material impact on the condensed consolidated financial statements. In July 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. The amendments provide a practical expedient and, if applicable, an accounting policy election to simplify the measurement of credit losses for certain receivables and contract assets. The amendments are effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. The Company has adopted this ASU and elected the practical expedient for the annual reporting period of the fiscal year beginning January 1, 2026, and the adoption was applied on a prospective basis. The adoption did not have a material impact on the Company’s condensed consolidated financial statements.

Recently issued accounting standards which have not yet been adopted In November 2024, the FASB issued ASU 2024-03, “Disaggregation of Income Statement Expenses”, which requires companies to provide new financial statement disclosures disaggregating prescribed expense categories within relevant income statement expense captions. This amendment is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, on a prospective basis and early adoption and retrospective application is permitted. The Company is currently assessing the impact of adopting this standard on the consolidated financial statements. In January 2025, the FASB issued ASU 2025-01, “Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures.” The amendment in ASU 2025-01 amends the effective date of ASC 2024-03 to clarify that all public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of this amendment and does not expect that the adoption of this guidance will have a material impact on its financial position, results of operations and cash flows. In December 2025, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2025-11, Interim Reporting (Topic 270): Improvements to Interim Disclosure Requirements. The standard clarifies disclosure requirements for interim financial statements and is effective for interim periods within annual periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of this guidance on its condensed consolidated financial statements. In December 2025, the FASB issued ASU 2025-12, Codification Improvements (“ASU 2025-12”). ASU 2025-12 addresses suggestions received from stakeholders regarding the Accounting Standards Codification and makes other incremental improvements to U.S. GAAP. The update represents changes to the Codification that clarify, correct errors in or make other improvements to a variety of topics that are intended to make it easier to understand and apply. ASU 2025-12 is effective for fiscal years beginning after December 15, 2026 and interim periods within those fiscal years. Entities are required to apply the amendments to ASC 260 retrospectively. All other amendments may be applied prospectively or retrospectively. Early adoption is permitted. The Company is currently evaluating the impact of adopting ASU 2025-12. Other accounting pronouncements that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company’s condensed consolidated financial statements upon adoption. Warrant Liabilities The Company accounts for the warrants issued in connection with its January 2022 convertible note financing (see Note 6) in accordance with the guidance contained in Accounting Standards Codification (“ASC”) 815-40 Derivatives and Hedging - Contracts in Entity’s Own Equity (“ASC 815”) under which the warrants do not meet the criteria for equity treatment and must be recorded as liabilities. Accordingly, the Company classifies such warrants as liabilities at their fair value and adjusts the warrants to fair value at each reporting period. This liability is subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the condensed consolidated statements of operations. Such warrants are valued using the Black-Scholes option-pricing model as no observable traded price was available for such warrants. See Note 6 for further information.

Fair Value of Financial Instruments The Company records certain of its financial assets and liabilities at fair value on a recurring basis. Fair value is considered to be the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. The established fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels of inputs may be used to measure fair value include: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">Level 1</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif">Level 2 </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif">Level 3</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.</td></tr> </table> The carrying values of the Company’s financial instruments, including cash and cash equivalents, restricted cash, accounts receivable, other current assets, accounts payables, other current liabilities, accrued expenses and tax payables, approximate their fair values due to the short-term nature of these instruments.

Net Loss per Ordinary Share Basic net loss per share is determined by dividing net loss by the weighted average number of the Company’s ordinary shares, par value $0.00266667 per share (the “Ordinary Shares”), outstanding during the period, without consideration of potentially dilutive securities, except for those Ordinary Shares that are issuable for little or no cash consideration. Diluted net loss per share is determined by dividing net loss by diluted weighted average Ordinary Shares outstanding. Diluted weighted average shares reflect the dilutive effect, if any, of potentially dilutive Ordinary Shares, such as stock options and warrants calculated using the “treasury stock” and/or “if converted” methods, as applicable. In periods with reported net operating losses, all potential dilutive securities are generally deemed anti-dilutive such that basic net loss per share and diluted net loss per share are equal. <p id="xdx_890_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_zeq2M3580nB6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">For six months ended June 30, 2026 and 2025, the following potentially dilutive securities were excluded from the computation of diluted earnings per share because their effects would be anti-dilutive: SCHEDULE OF ANTI DILUTIVE EARNING PER SHARE <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49F_20260101__20260630_ziqD1hilaNob" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_499_20250101__20250630_zHS5rR3Up0Cc" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_407_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zn9wFoLJBM2k" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Warrants issued to L1 Capital (Note 6)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">442,240</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">442,240</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--EmployeeStockOptionMember_zvdN5rbBbSf5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Share options granted to the executive management</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">440,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_zJL7oVvQSAi1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">882,240</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">442,240</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

0.00266667

<p id="xdx_890_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_zeq2M3580nB6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">For six months ended June 30, 2026 and 2025, the following potentially dilutive securities were excluded from the computation of diluted earnings per share because their effects would be anti-dilutive: SCHEDULE OF ANTI DILUTIVE EARNING PER SHARE <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49F_20260101__20260630_ziqD1hilaNob" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_499_20250101__20250630_zHS5rR3Up0Cc" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_407_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zn9wFoLJBM2k" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Warrants issued to L1 Capital (Note 6)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">442,240</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">442,240</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--EmployeeStockOptionMember_zvdN5rbBbSf5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Share options granted to the executive management</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">440,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_zJL7oVvQSAi1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">882,240</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">442,240</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

442240

440000

882240

442240

NOTE 3 – GOING CONCERN The Company’s unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and liquidation of liabilities during the normal course of operations. As reflected in the Company’s unaudited condensed consolidated financial statements, the Company has incurred a net loss of $1,882,881 for the six months ended June 30, 2026. During the six months ended June 30, 2026, the Company had a negative cash flow from operating activities of $2,090,111. As of June 30, 2026, the Company had accumulated deficit of $52,909,664. While the Company had a cash and working capital balance of $5,569,600 and $6,604,181, respectively, as of June 30, 2026, it may not be sufficient to fund its planned operations and contractual obligations for the next twelve months from the date of issuance of these unaudited condensed consolidated financial statements. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The Company has financed the operations primarily through cash flow and proceeds from equity instrument financing (including the at-the-market offering, or ATM), where necessary. Since March 2024, the Company has progressively registered and amended its securities offerings to facilitate capital raising through its At-the-Market Agreement, dated July 22, 2022, as amended on March 22, 2024 (“ATM Agreement”): <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">On March 22, 2024, the Company filed a new shelf registration statement on Form F-3 (the “New F-3 Registration Statement”, File No. 333-278175), which was declared effective on May 31, 2024. This covered a $9,600,000 base prospectus for various securities and a prospectus supplement for the sale of up to $4,267,622 of Ordinary Shares under the ATM Agreement.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Company has subsequently filed four supplements to increase its ATM offering limits on December 18, 2024, June 17, 2025, February 5, 2026 and April 27, 2026, respectively, in which the Company registered additional $3,850,000, $3,200,000, $7,900,000 and $14,100,000, respectively, worth of Ordinary Shares.</td></tr> </table> For the six months ended June 30, 2026, the Company has received aggregate gross proceeds of approximately $2.3 million from sales of its securities pursuant to the ATM offering, and approximately $14.1 million of securities remain available for sale under the ATM offering, subject to the terms and conditions of the ATM Agreement and the availability of an effective registration statement. As of September 22, 2026, the Company had approximately $4.80 million of cash, which is placed with financial institutions and is unrestricted as to withdrawal or use. The Company intends to mitigate the conditions of substantial doubt and meet the cash requirements for the next 12 months from the issuance date of the Company’s unaudited condensed consolidated financial statements by implementing management’s plan, including a combination of improving operational efficiency, cost reductions and debt and equity financing. The Company expects to collect the receivables timely and arrange payment schedule in accordance with the Company’s cash management plan. If the Company fails to achieve these goals, the Company will likely need additional financing to execute its business plan. If additional financing is required, the Company may seek to raise capital through its ATM program. However, the Company may not be able to obtain the necessary additional capital on a timely basis, on acceptable terms, or at all, as we may elect not to utilize the ATM facility due to unfavorable market prices or find that such funds are otherwise unavailable when needed. In the event that financing sources are not available from any source, or that the Company is unsuccessful in increasing its gross profit margin and reducing operating losses, the Company may be unable to implement its current plans for expansion, repay debt obligations or respond to competitive pressures, any of which would have a material adverse effect on the Company’s business, prospects, financial condition and results of operations. The Company has prepared its unaudited condensed consolidated financial statements on a going concern basis. However, there can be no assurance that the measures above can be achieved as planned. Based on management’s evaluation of the conditions existing as of June 30, 2026, together with the financing through ATM program, management has concluded that the Company does not have sufficient liquidity for at least one year from the date of the unaudited condensed consolidated statements to be issued. Therefore, the Company determined that the substantial doubt about the Company’s ability to continue as a going concern has not been alleviated. The unaudited condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. If the Company is unable to continue as a going concern, it may have to liquidate or otherwise dispose of its assets, and the amounts realized upon such liquidation or disposition may be less than the carrying amounts of such assets reflected in the unaudited condensed consolidated financial statements.

-1882881

-2090111

-52909664

5569600

6604181

9600000

4267622

3850000

3200000

7900000

14100000

2300000

14100000

4800000

NOTE 4 – PREPAYMENT AND OTHER ASSETS SCHEDULE OF OTHER ASSETS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_499_20260630_zHZNFzFqtBt9" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49F_20251231_zidLCBkkSB4b" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Audited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40A_ecustom--VatReceivableCurrent_iI_maOACzsUa_maPEAOAzuj7_zyshAUz0q1T" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">VAT receivable – current</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">334,608</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--OtherReceivables_iI_pp0p0_maOACzsUa_maPEAOAzuj7_zg7JDr9yJMM8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other receivables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">295,648</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">227,519</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--OtherReceivablesFromWellEquipmentCurrent_iI_pp0p0_maOACzsUa_maPEAOAzuj7_z6vOexxGlPMe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other receivables from well equipment - current</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">609,604</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">609,604</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OtherInventoriesSpareParts_iI_pp0p0_maOACzsUa_maPEAOAzuj7_zYtkQUSsnmel" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Consumables and spare parts</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,035,542</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,083,387</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--PrepaidExpenseCurrentAndNoncurrent_iI_pp0p0_maOACzsUa_maPEAOAzuj7_zBZXklJI3l3e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Prepaid expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">184,472</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">70,798</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--PrepaidExpenseAndOtherAssetsCurrentGross_iTI_pp0p0_mtPEAOAzuj7_maOACzYKd_z65gmtt1NIih" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total prepayment and other current assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,125,266</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,325,916</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_iNI_pp0p0_di_msOACzYKd_zQCkdY6AmmAg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Less: Allowance on other receivables</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(609,604</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(632,019</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--OtherAssetsCurrent_iTI_pp0p0_mtOACzYKd_zU3GoEzELPh4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Prepayment and other current assets, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,515,662</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,693,897</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--VatReceivableNoncurrent_iI_maOANGzmqr_maCWCANzt0i_zjhTtzwzWvG4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">VAT receivable – non-current</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,835,177</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,534,521</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--DepositAndOthers_iI_pp0p0_maOANGzmqr_maCWCANzt0i_zHfeattp9Gre" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deposit and others</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">134,712</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">136,933</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--DurableSpareParts_iI_pp0p0_maOANGzmqr_maCWCANzt0i_z4t7YVEcsvJ4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Durable spare parts</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--OtherAssetsNoncurrentGross_iTI_pp0p0_mtCWCANzt0i_maOANzXyX_zH7pU9UjfFQj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total other assets – non - current</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,969,889</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,671,454</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--AllowanceForDoubtfulAccountsReceivableNoncurrent_iNI_pp0p0_di_msOANzXyX_zflLRF6ih3E4" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Less: allowance on other receivables</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(534,189</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(307,868</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--OtherAssetsNoncurrent_iTI_pp0p0_mtOANzXyX_zep0zF81ZFKh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Other non-current assets, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,435,700</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,363,586</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> For the year ended December 31, 2023, the Company sold certain rig equipment to a third party, PT Andam Resorsis Nusantara. For the year ended December 31, 2024, the Company recorded $99,604 allowance for the doubtful account related to the uncollected amounts for the equipment sale. The receivables on the rig equipment were supposed to be received in 2025, however, in fiscal year 2025, none of the receivables have been collected. Considering the high potential of default, the Company decided to take full allowance of $609,604 to the rig equipment in fiscal year 2025. The Value-Added Tax (“VAT”) receivable is the qualified input VAT paid by the Company to Pertamina. Entities that are VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities. As the Company’s sales are not subject to any VAT output, the Company will bill Pertamina for reimbursement per tax reimbursement filing. The Company started to record the VAT receivable since 2022 and started to collect the VAT receivable in 2024. In 2025 and 2026, the Company didn’t collect any VAT receivable from Pertamina. As no collections have been received from Pertamina and the timing of collection cannot be reliably estimated, the remaining balance of the VAT receivable has been classified as a non-current asset, with an allowance recorded against the outstanding balance. The Company applied allowance for VAT receivable to $534,189 for non-current VAT receivable as of June 30, 2026. After evaluating above facts, $1,835,177 VAT receivable was classified as non-current assets.

SCHEDULE OF OTHER ASSETS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_499_20260630_zHZNFzFqtBt9" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49F_20251231_zidLCBkkSB4b" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Audited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40A_ecustom--VatReceivableCurrent_iI_maOACzsUa_maPEAOAzuj7_zyshAUz0q1T" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">VAT receivable – current</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">334,608</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--OtherReceivables_iI_pp0p0_maOACzsUa_maPEAOAzuj7_zg7JDr9yJMM8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other receivables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">295,648</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">227,519</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--OtherReceivablesFromWellEquipmentCurrent_iI_pp0p0_maOACzsUa_maPEAOAzuj7_z6vOexxGlPMe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other receivables from well equipment - current</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">609,604</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">609,604</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OtherInventoriesSpareParts_iI_pp0p0_maOACzsUa_maPEAOAzuj7_zYtkQUSsnmel" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Consumables and spare parts</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,035,542</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,083,387</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--PrepaidExpenseCurrentAndNoncurrent_iI_pp0p0_maOACzsUa_maPEAOAzuj7_zBZXklJI3l3e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Prepaid expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">184,472</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">70,798</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--PrepaidExpenseAndOtherAssetsCurrentGross_iTI_pp0p0_mtPEAOAzuj7_maOACzYKd_z65gmtt1NIih" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total prepayment and other current assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,125,266</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,325,916</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_iNI_pp0p0_di_msOACzYKd_zQCkdY6AmmAg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Less: Allowance on other receivables</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(609,604</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(632,019</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--OtherAssetsCurrent_iTI_pp0p0_mtOACzYKd_zU3GoEzELPh4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Prepayment and other current assets, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,515,662</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,693,897</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--VatReceivableNoncurrent_iI_maOANGzmqr_maCWCANzt0i_zjhTtzwzWvG4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">VAT receivable – non-current</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,835,177</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,534,521</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--DepositAndOthers_iI_pp0p0_maOANGzmqr_maCWCANzt0i_zHfeattp9Gre" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deposit and others</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">134,712</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">136,933</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--DurableSpareParts_iI_pp0p0_maOANGzmqr_maCWCANzt0i_z4t7YVEcsvJ4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Durable spare parts</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--OtherAssetsNoncurrentGross_iTI_pp0p0_mtCWCANzt0i_maOANzXyX_zH7pU9UjfFQj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total other assets – non - current</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,969,889</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,671,454</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--AllowanceForDoubtfulAccountsReceivableNoncurrent_iNI_pp0p0_di_msOANzXyX_zflLRF6ih3E4" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Less: allowance on other receivables</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(534,189</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(307,868</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--OtherAssetsNoncurrent_iTI_pp0p0_mtOANzXyX_zep0zF81ZFKh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Other non-current assets, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,435,700</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,363,586</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

334608

295648

227519

609604 609604

1035542

1083387

184472

70798

2125266 2325916

609604

632019

1515662

1693897

1835177 1534521 134712 136933 1969889 1671454

534189

307868

1435700

1363586

99604

609604 534189 1835177

NOTE 5 – OIL AND GAS PROPERTY, NET The following tables summarize the Company’s oil and gas activities by classification. SCHEDULE OF OIL AND GAS ACTIVITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20260630_zhkz6UNaZCPb" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20251231_z1IoXfcsFpf8" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Audited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_402_eus-gaap--OilAndGasPropertyFullCostMethodGross_iI_pp0p0_maOAGPSzQ16_zOTdnNHFRw4a" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Oil and gas property - subject to amortization</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">32,081,386</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">32,029,501</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--AccumulatedDepletion_iNI_di_msOAGPSzQ16_zFg1s9dmJgb1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accumulated depletion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(11,553,602</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(11,134,981</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--OilAndGasPropertySuccessfulEffortMethodAccumulatedImpairment_iNI_pp0p0_di_msOAGPSzQ16_zYLu5O41Sca7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Accumulated impairment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(11,859,183</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(11,859,183</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40B_eus-gaap--OilAndGasPropertySuccessfulEffortMethodNet_iTI_pp0p0_mtOAGPSzQ16_zgKCLobrg6sl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Oil and gas property - subject to amortization, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">8,668,601</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">9,035,337</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--OilAndGasPropertyNotSubjectToAmortization_iI_pp0p0_maCCOAGzdHm_z7Ya6COg1oL6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Oil and gas property - not subject to amortization</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,224,667</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,224,667</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--AccumulatedImpairment_iNI_pp0p0_di_msCCOAGzdHm_zvkXWKB6e6S6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Accumulated impairment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_ecustom--OilAndGasPropertyNotSubjectToAmortizationNet_iTI_pp0p0_mtCCOAGzdHm_z8hq8MI1PgHf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Oil and gas property - not subject to amortization</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,224,667</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,224,667</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> The following shows the movement of the oil and gas property - subject to amortization balance. SCHEDULE OF MOVEMENT OF THE OIL AND GAS PROPERTY <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Oil & Gas Property – Kruh</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 82%; text-align: left">December 31, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--OilAndGasPropertySuccessfulEffortMethodNet_iS_c20260101__20260630_zRHMObKK2ax2" style="width: 14%; text-align: right" title="Beginning Balance">9,035,337</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Additional capitalization</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--AdditionalCapitalizationForOilAndGasProperties_c20260101__20260630_zGfbiZh0Avrc" style="text-align: right" title="Additional capitalization">51,885</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Depletion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--DepletionOfOilAndGasProperties_iN_di_c20260101__20260630_z7hCeLAsUnX2" style="border-bottom: Black 1pt solid; text-align: right" title="Depletion">(418,621</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">June 30, 2026 (Unaudited)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_987_eus-gaap--OilAndGasPropertySuccessfulEffortMethodNet_iE_c20260101__20260630_zkREYJrOCS4i" style="border-bottom: Black 1pt solid; text-align: right" title="Ending Balance">8,668,601</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> For the six months ended June 30, 2026, the Company incurred aggregated development costs, which were capitalized in the amount of $51,885, mainly for development administration costs and for the purpose of geological and geophysical studies and seismic studies. The asset retirement obligation (ARO) decreased from $724,572 as of December 31, 2025 to $686,435 as of June 30, 2026, reflecting a payment of $38,137 made during the period in respect of abandonment and site restoration (ASR) costs. The following shows the movement of ARO: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Asset retirement obligation</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; text-align: left">December 31, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">724,572</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Payment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(38,137</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">June 30, 2026 (Unaudited)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">686,435</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> Depletion recorded for production on properties subject to amortization for the six months ended June 30, 2026 and 2025, were $418,621 and $315,657 respectively. Furthermore, for the six months ended June 30, 2026 and 2025, the Company did not record any impairment of its oil and gas property subject to amortization based on the results of the ceiling tests performed, which indicated that the present value of estimated future net revenues generated by the oil and gas property exceeded the carrying balances. There was no impairment recorded for oil and gas property not subject to amortization.

The following tables summarize the Company’s oil and gas activities by classification. SCHEDULE OF OIL AND GAS ACTIVITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20260630_zhkz6UNaZCPb" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20251231_z1IoXfcsFpf8" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Audited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_402_eus-gaap--OilAndGasPropertyFullCostMethodGross_iI_pp0p0_maOAGPSzQ16_zOTdnNHFRw4a" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Oil and gas property - subject to amortization</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">32,081,386</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">32,029,501</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--AccumulatedDepletion_iNI_di_msOAGPSzQ16_zFg1s9dmJgb1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accumulated depletion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(11,553,602</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(11,134,981</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--OilAndGasPropertySuccessfulEffortMethodAccumulatedImpairment_iNI_pp0p0_di_msOAGPSzQ16_zYLu5O41Sca7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Accumulated impairment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(11,859,183</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(11,859,183</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40B_eus-gaap--OilAndGasPropertySuccessfulEffortMethodNet_iTI_pp0p0_mtOAGPSzQ16_zgKCLobrg6sl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Oil and gas property - subject to amortization, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">8,668,601</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">9,035,337</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--OilAndGasPropertyNotSubjectToAmortization_iI_pp0p0_maCCOAGzdHm_z7Ya6COg1oL6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Oil and gas property - not subject to amortization</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,224,667</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,224,667</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--AccumulatedImpairment_iNI_pp0p0_di_msCCOAGzdHm_zvkXWKB6e6S6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Accumulated impairment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_ecustom--OilAndGasPropertyNotSubjectToAmortizationNet_iTI_pp0p0_mtCCOAGzdHm_z8hq8MI1PgHf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Oil and gas property - not subject to amortization</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,224,667</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,224,667</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

32081386

32029501

11553602 11134981

11859183

8668601

9035337

1224667 1224667 1224667 1224667 The following shows the movement of the oil and gas property - subject to amortization balance. SCHEDULE OF MOVEMENT OF THE OIL AND GAS PROPERTY <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Oil & Gas Property – Kruh</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 82%; text-align: left">December 31, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--OilAndGasPropertySuccessfulEffortMethodNet_iS_c20260101__20260630_zRHMObKK2ax2" style="width: 14%; text-align: right" title="Beginning Balance">9,035,337</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Additional capitalization</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--AdditionalCapitalizationForOilAndGasProperties_c20260101__20260630_zGfbiZh0Avrc" style="text-align: right" title="Additional capitalization">51,885</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Depletion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--DepletionOfOilAndGasProperties_iN_di_c20260101__20260630_z7hCeLAsUnX2" style="border-bottom: Black 1pt solid; text-align: right" title="Depletion">(418,621</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">June 30, 2026 (Unaudited)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_987_eus-gaap--OilAndGasPropertySuccessfulEffortMethodNet_iE_c20260101__20260630_zkREYJrOCS4i" style="border-bottom: Black 1pt solid; text-align: right" title="Ending Balance">8,668,601</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

9035337

51885

418621

8668601

51885

418621

315657

NOTE 6 – FINANCIAL LIABILITY SCHEDULE OF FINANCIAL LIABILITY <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20260630_zEq4ZAi0Mjkk" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20251231_ziGlbsw3sY76" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Audited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--WarrantLiabilityNet_iI_z1IfAe0oW1V1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Warrant liabilities, net of debt issuance costs</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">141,386</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">363,932</td><td style="width: 1%; text-align: left"> </td></tr> </table> On January 21, 2022 (the “Initial Closing Date”), the Company closed an initial $<span id="xdx_905_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_c20220120__20220121__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__us-gaap--VestingAxis__custom--FirstTrancheMember_zb8T85UKhwW3" title="Proceeds from IPO">5,000,000 tranche (the “First Tranche”) of a total then anticipated $<span id="xdx_900_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20220120__20220121__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember__us-gaap--VestingAxis__custom--FirstTrancheMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_z9CdYi5JN9Gg" title="Proceeds from private placement">7,000,000 private placement with L1 Capital Global Opportunities Master Fund (“L1 Capital”) pursuant to the terms of a Securities Purchase Agreement, dated January 21, 2022, between the Company and L1 Capital (the “Purchase Agreement”). In connection with the closing of the First Tranche, the Company issued to the L1 Capital (i) a <span id="xdx_909_eus-gaap--DebtInstrumentInterestRateEffectivePercentage_iI_pid_dp_uPure_c20220121__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember_zxdQBV9OSJt6" title="Original issuance discount rate">6% Original Issuance Discount Senior Convertible Note in a principal amount of up to $<span id="xdx_901_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pp2d_c20220120__20220121__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember__us-gaap--VestingAxis__custom--FirstTrancheMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zuh1LFgpJgVg" title="Proceeds from private placement">7,000,000 (the “Note”) and (ii) a five-year Ordinary Share Purchase Warrant (the “Initial Warrant”) to purchase up to <span id="xdx_90A_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20220121__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember__us-gaap--VestingAxis__custom--FirstTrancheMember_zkSgakxIsEd3" title="Purchase of warrants, shares">383,620 Ordinary Shares at an exercise price of $<span id="xdx_903_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20220121__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember__us-gaap--VestingAxis__custom--FirstTrancheMember_z49GuKBkrW71" title="Warrant exercise price">6.00 per share, subject to adjustment. As of the date of the original Purchase Agreement, a second tranche (the “Second Tranche”) of funding under the Note in the amount of $<span id="xdx_905_eus-gaap--DebtInstrumentFaceAmount_iI_c20220121__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember__us-gaap--VestingAxis__custom--SecondTrancheMember_zei3INcDHS5i" title="Debt instrument face amount">2,000,000 (the “Second Tranche Amount”) was contemplated. The Note was subject to a deduction of a <span id="xdx_903_eus-gaap--DebtInstrumentInterestRateEffectivePercentage_iI_pid_dp_uPure_c20220121__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember__us-gaap--VestingAxis__custom--FirstTrancheMember_zGIQUDitBkcj" title="Original issuance discount rate">6.0% original issuance discount. Except as upon an Event of Default (as defined in the Note), the Note did not bear interest. Beginning 120 days after the Initial Closing Date, the Company was required to commence monthly installment payments of the Note through maturity (or 14 payments) (“Monthly Payments”), which Monthly Payments could be made, at the Company’s election, in cash or Ordinary Shares (or a combination of cash and Ordinary Shares), with such Ordinary Shares being issued at a valuation equal to the lesser of: (i) $<span id="xdx_905_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20220121__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember__us-gaap--VestingAxis__custom--FirstTrancheMember_zvp7UOUsVMI6" title="Warrant exercise price">6.00 per share or (ii) <span id="xdx_901_ecustom--AverageLowestClosingPricesPercentage_iI_pid_dp_c20220121__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember__us-gaap--VestingAxis__custom--SecondTrancheMember_zG0n4qHKAwIc" title="Average lowest closing prices percentage">90% of the average of the two lowest closing bid prices of the Ordinary Shares for the ten (<span id="xdx_906_eus-gaap--DebtInstrumentConvertibleThresholdConsecutiveTradingDays1_uDays_c20220120__20220121__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember_zGHHHXw10U0i" title="Consecutive trading days">10) consecutive trading days ending on the trading day immediately prior to the payment date, with a floor price of $<span id="xdx_904_eus-gaap--DebtInstrumentConvertibleStockPriceTrigger_pid_c20220120__20220121__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember_zfzYdekIrix8" title="Floor price">1.20 per share. In addition, at any time following the date of effectiveness of a Registration Statement covering the applicable Ordinary Shares underlying the Note (such Registration Statement was declared effective on June 1, 2022), the Note is convertible (in whole or in part), at the option of L1 Capital, into such number of fully paid and non-assessable Ordinary Shares determined by dividing (x) that portion of the outstanding principal amount of the Note that L1 Capital elects to convert by (y) $<span id="xdx_906_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20220121__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember__us-gaap--VestingAxis__custom--FirstTrancheMember_zjRLLgodbNAc" title="Warrant exercise price">6.00 per share, which price was subject to adjustment as provided in the Note. Upon the occurrence of any Event of Default that has not been remedied, the Company would be obligated to pay to L1 Capital an amount equal to one hundred twenty percent (<span id="xdx_902_ecustom--PercentageOfPrincipalAmountObligatedToPay_iI_pid_dp_c20220121__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember__us-gaap--VestingAxis__custom--SecondTrancheMember_zM2xc3FE4smc" title="Percentage of principal amount obligated to pay">120%) of the outstanding principal amount of the Amended Note on the date on which the first Event of Default has occurred. On March 4, 2022, the Company and L1 Capital entered into a First Amendment to the Purchase Agreement and an Amended and Restated Senior Convertible Promissory Note (the “Amended Note”) pursuant to which, among other items, Second Tranche Amount was increased from $<span id="xdx_90A_eus-gaap--DebtInstrumentFaceAmount_iI_c20220304__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember__us-gaap--VestingAxis__custom--SecondTrancheMember__srt--RangeAxis__srt--MinimumMember_z7H6JLaSETK4" title="Debt instrument face amount">2,000,000 to $<span id="xdx_902_eus-gaap--DebtInstrumentFaceAmount_iI_c20220304__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember__us-gaap--VestingAxis__custom--SecondTrancheMember__srt--RangeAxis__srt--MaximumMember_z3bvQy83X3Dl" title="Debt instrument face amount">5,000,000. Upon the funding of the Second Tranche Amount, L1 Capital was entitled to receive an additional five-year Ordinary Share Purchase Warrant (the “Second Warrant”) to purchase up to <span id="xdx_905_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20220304__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember__us-gaap--VestingAxis__custom--SecondTrancheMember_zkjwXnItEdgf" title="Purchase of warrants, shares">383,620 Ordinary Shares at $<span id="xdx_90E_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20220304__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember__us-gaap--VestingAxis__custom--SecondTrancheMember_zhK7m0AvUpgd" title="Warrant exercise price">6.00 per share (subject to adjustment). On May 16, 2022, the Company and L1 Capital entered into a Second Amended and Restated Senior Convertible Promissory Note which amends and restates the Amended Note in its entirety (the “Second Amended Note” and collectively with the Note and the Amended Note, the “Notes”). Among other matters, the Second Amended Note provided for an accelerated funding of the Second Tranche Amount, which was funded to the Company on May 23, 2022, at which time the Second Warrant was issued to L1 Capital. Accounting for warrants The Warrants were issued in conjunction with the convertible note by a separate contract, and legally detachable and separately transferrable. The Warrants were exercisable via “cashless” exercise if there is not an effective registration statement covering resale of the Ordinary Shares under the Warrants. The exercise price per Ordinary Share under the Warrants was $<span id="xdx_90B_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20251231__us-gaap--TypeOfArrangementAxis__custom--SecuritiesPurchaseAgreementMember_zZIhSNQyf9ah" title="Warrant exercise price">6.00 and subject to certain adjustments which do not meet the criteria for equity treatment in accordance with the guidance contained in ASC 815-40-15-7E. Accordingly at initial recognition, the Company classifies such warrants as liabilities at their fair value. This warrant liability is subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the consolidated statements of operations. The Company recognized $<span id="xdx_90E_ecustom--WarrantLiabilityNet_iI_c20220124__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_ziqU9YsYMUw9" title="Warrant liability">915,644 for warrant liabilities upon issuance of the Initial Warrant on January 24, 2022. The Company recognized $<span id="xdx_90F_ecustom--WarrantLiabilityNet_iI_c20220523__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrantMember__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z3Cf7UzIQCn8" title="Warrant liability">4,833,325 for warrant liabilities upon issuance of the Second Warrant on May 23, 2022. The Company utilizes the Black-Scholes option-pricing model to estimate the fair value of the Warrants at each reporting period since the Warrants are not actively traded. The estimated fair value of the Warrant liabilities is determined using Level 3 inputs in accordance with ASC 820, “Fair Value Measurement”. Inherent in the Black-Scholes model are assumptions related to expected stock-price volatility, expected life, risk-free interest rate and dividend yield. The Company estimates the volatility of its Ordinary Shares based on historical volatility of its own stock price during the period that matches the expected remaining life of the Warrants. The risk-free interest rate is based on the U.S. Treasury zero-coupon yield curve on the grant date for a maturity similar to the expected remaining life of the Warrants. The expected life of the Warrants is assumed to be equivalent to their remaining contractual term. The dividend rate is based on the historical rate, which the Company anticipates remaining at zero. <p id="xdx_89C_eus-gaap--FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_zXZYVILgvVbk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The following reflects the inputs and assumptions used: SCHEDULE OF WARRANTS VALUATION ASSUMPTIONS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20220124_zSOvhpdSm3e3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">January 24, 2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20220523_zklyuyJWtfsh" style="border-bottom: Black 1pt solid; text-align: center">May 23, 2022</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20221231_zK6SfD2Hiwja" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20231231_z28DsQ0v2Ej7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20241231_zvMkgf4Izh8f" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20251231_ze7iGEy03VN6" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20260630_zdZB3qL4aUxk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_402_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_zPmksgqQQf1d" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 37%; text-align: justify">Exercise price</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">6.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">6.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">6.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">6.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">6.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">6.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">6.00</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--SharePrice_iI_zPFusPvGoKO8" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Share price</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">3.64</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">14.94</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">4.66</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2.71</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2.78</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2.93</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2.74</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected term from grant date (in years)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20220124__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zXeI6vJDslQ9" title="Expected term from grant date (in years)">5.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90C_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20220523__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zAZhUQclLrW9" title="Expected term from grant date (in years)">5.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20221231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_zffwl4skyco9" title="Expected term from grant date (in years)">4.10 for Initial Warrant and <span id="xdx_909_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20221231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrentMember_zdEgtRxb1nX1" title="Expected term from grant date (in years)">4.50 for Second Warrant</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20231231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_zNfYlhqVAbRc" title="Expected term from grant date (in years)">3.10 for Initial Warrant and <span id="xdx_90E_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20231231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrentMember_zVoVyvQi67J8" title="Expected term from grant date (in years)">3.40 for Second Warrant</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20241231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_zNhIombXl1z8" title="Expected term from grant date (in years)">2.09 for Initial Warrant and <span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20241231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrentMember_zgWwvyICCYEl" title="Expected term from grant date (in years)">2.44 for Second Warrant</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20251231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_z0UXDfx9TDaj" title="Expected term from grant date (in years)">1.08 for Initial Warrant and <span id="xdx_90D_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20251231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrentMember_zMEPoCEJCOtb" title="Expected term from grant date (in years)">1.41 for Second Warrant</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20260630__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_z1Or9lD05q35" title="Expected term from grant date (in years)">0.58 for Initial Warrant and <span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20260630__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrentMember_ziGl74Bqqt35" title="Expected term from grant date (in years)">0.91 for Second Warrant </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Expected volatility</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20220124__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_zmberdZXS9i6" title="Expected volatility">96.32</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20220523__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_zjPnjmjTJ4Q7" title="Expected volatility">95.90</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20221231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_z8XGRRzdmVpe" title="Expected volatility">96.03</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20231231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_z2Un6VC6Vdy4" title="Expected volatility">82.40</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20241231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_zmOqm0PBmtui" title="Expected volatility">107.66% for the Initial Warrant and <span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20241231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrentMember_zRM2qwv4doji" title="Expected volatility">111.22% for the Second Warrant</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20251231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_zWT1gYYhFtqe" title="Expected volatility">86.29% for the Initial Warrant and <span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20251231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrentMember_zeQKRB1pJXla" title="Expected volatility">106.15% for the Second Warrant</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20260630__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_zQ1xtfWsGUbf" title="Expected volatility">106.83% for the Initial Warrant and <span id="xdx_90C_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20260630__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrentMember_zcaNXkVBfBX" title="Expected volatility">88.16% for the Second Warrant </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Risk-free interest rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20220124__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zXj1Q4g2XASk" title="Risk-free interest rate">1.53</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20220523__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zGB3xajCSBw2" title="Risk-free interest rate">2.88</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20221231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zhJ0XOzK2FZ3" title="Risk-free interest rate">3.99</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20231231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zOtR9zxAxIDl" title="Risk-free interest rate">4.01</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20241231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zL6ynXbjyhhi" title="Risk-free interest rate">4.25</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20251231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_z4vHXpUcYhFe" title="Risk-free interest rate">3.48</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20260630__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_zOMcs8wHLu98">4.01% for the Initial Warrant and <span id="xdx_907_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20260630__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrantMember_z8n7cktfvKwb">3.98% for the Second Warrant </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_uPure_hus-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zx5hdVQHRPG5" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Dividend yield (per share)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_uPure_hus-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zxRjMxLIDGkb" style="display: none; vertical-align: bottom; background-color: White"> <td style="text-align: justify">Warrant valuation Assumptions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">- </td><td style="text-align: left"> </td></tr> </table> During the year ended December 31, 2022, L1 Capital exercised the Initial Warrant for <span id="xdx_902_ecustom--StockIssuedDuringPeriodSharesWarrantExercised_c20220101__20221231__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember_zmahOtaq1flb" title="Warrant exercised">325,000 at $6.00 per share with the Company receiving $1,950,000 proceeds from exercise of these warrants. During six months ended June 30, 2026, <span id="xdx_90C_ecustom--StockIssuedDuringPeriodSharesWarrantExercised_do_c20260101__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember__dei--LegalEntityAxis__custom--L1CapitalGlobalOpportunitiesMasterFundLtdMember_zN7C1g0tCPZi">no warrants were exercised. As of June 30, 2026 and December 31, 2025, there remainn warrants to purchase 442,240 shares issued and outstanding. The movement of warrant liabilities is summarized as follows: SCHEDULE OF WARRANT LIABILITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_4BF_us-gaap--StatementEquityComponentsAxis_us-gaap--WarrantMember_z6Tan5nJM7El" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_434_c20220101__20221231_eus-gaap--WarrantsAndRightsOutstanding_iS_zcIPf2NpfULf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance as of January 1, 2022</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_437_c20220124__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_ecustom--WarrantLiabilityNet_iI_zOPgWYxmoNsi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; width: 80%">Issuance of Initial Warrant as of January 24, 2022</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">915,644</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_439_c20220523__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrantMember_ecustom--WarrantLiabilityNet_iI_zE2CwktOBqfh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Issuance of Second Warrant as of May 23, 2022</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,833,325</td><td style="text-align: left"> </td></tr> <tr id="xdx_438_c20220523__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrantMember_ecustom--WarrantLiabilityNet_iI_zCx7jZY23l4b" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Issuance of Warrant</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,833,325</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43C_c20220615__20220616_ecustom--StockIssuedDuringPeriodValueWarrantExercised_z8mYFMHN3VR2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIE9GIFdBUlJBTlQgTElBQklMSVRJRVMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_ecustom--StockIssuedDuringPeriodSharesWarrantExercised_c20220616__20220616_z9Jrn54rRLLd" title="Warrant exercised, shares">50,000 warrant shares exercised on June 16, 2022</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(119,343</td><td style="text-align: left">)</td></tr> <tr id="xdx_439_c20220818__20220818_ecustom--StockIssuedDuringPeriodValueWarrantExercised_zriYLR1d3q1l" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIE9GIFdBUlJBTlQgTElBQklMSVRJRVMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90F_ecustom--StockIssuedDuringPeriodSharesWarrantExercised_c20220818__20220818_z9GMY2MxsQf" title="Warrant exercised, shares">185,000 warrant shares exercised on August 18, 2022</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(915,799</td><td style="text-align: left">)</td></tr> <tr id="xdx_43B_c20220828__20220829_ecustom--StockIssuedDuringPeriodValueWarrantExercised_zMlS3IxCHXJj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIE9GIFdBUlJBTlQgTElBQklMSVRJRVMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90A_ecustom--StockIssuedDuringPeriodSharesWarrantExercised_c20220829__20220829_zLdi7fKrpt0d" title="Warrant exercised, shares">90,000 warrant shares exercised on August 29, 2022</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(445,524</td><td style="text-align: left">)</td></tr> <tr id="xdx_431_c20220828__20220829_ecustom--StockIssuedDuringPeriodValueWarrantExercised_zUpw98zinv23" style="display: none; vertical-align: bottom; background-color: White"> <td style="text-align: left">Warrant shares exercised</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(445,524</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_437_c20220101__20221231_ecustom--IncreaseDecreaseInwarrantLiability_zE2y9tZEOWxh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Change in fair value of warrant liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,878,660</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_438_c20230101__20231231_eus-gaap--WarrantsAndRightsOutstanding_iS_zegeFbRTJVzb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Balance as of December 31, 2022</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,389,643</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_43C_c20230101__20231231_ecustom--IncreaseDecreaseInwarrantLiability_z7q3xE43jbRj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Change in fair value of warrant liabilities for the year</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(907,424</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_430_c20240101__20241231_eus-gaap--WarrantsAndRightsOutstanding_iS_zeAJuRk5zf4g" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Balance as of December 31, 2023</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">482,219</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_439_c20240101__20241231_ecustom--IncreaseDecreaseInwarrantLiability_zraRC3E3UDO5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Change in fair value of warrant liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">96,709</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_434_c20250101__20251231_eus-gaap--WarrantsAndRightsOutstanding_iS_zsNOIpwrttb8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Balance as of December 31, 2024</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">578,928</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_43F_c20250101__20251231_ecustom--IncreaseDecreaseInwarrantLiability_zOCXLatOMq74" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Change in fair value of warrant liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(214,996</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_432_c20260101__20260630_eus-gaap--WarrantsAndRightsOutstanding_iS_zb0HUN54hn42" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Balance as of December 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">363,932</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_43C_c20260101__20260630_eus-gaap--WarrantsAndRightsOutstanding_iS_ztW4YH8fPoll" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Warrant liabilities, beginning balance</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">363,932</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_43A_c20260101__20260630_ecustom--IncreaseDecreaseInwarrantLiability_zN9KXjb2eAn6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Change in fair value of warrant liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(222,546</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_436_c20260101__20260630_eus-gaap--WarrantsAndRightsOutstanding_iE_z2EES36Fkwzh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Balance as of June 30, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">141,386</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_43D_c20260101__20260630_eus-gaap--WarrantsAndRightsOutstanding_iE_zcq16YvFNng6" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Warrant liabilities, ending balance</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">141,386</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

SCHEDULE OF FINANCIAL LIABILITY <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20260630_zEq4ZAi0Mjkk" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20251231_ziGlbsw3sY76" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Audited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--WarrantLiabilityNet_iI_z1IfAe0oW1V1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Warrant liabilities, net of debt issuance costs</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">141,386</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">363,932</td><td style="width: 1%; text-align: left"> </td></tr> </table> 141386 363932

5000000

7000000

0.06

7000000

383620

6.00

2000000

0.060

6.00

0.90

1.20

6.00

1.20

2000000

5000000

383620

6.00

915644 4833325

<p id="xdx_89C_eus-gaap--FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_zXZYVILgvVbk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The following reflects the inputs and assumptions used: SCHEDULE OF WARRANTS VALUATION ASSUMPTIONS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20220124_zSOvhpdSm3e3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">January 24, 2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20220523_zklyuyJWtfsh" style="border-bottom: Black 1pt solid; text-align: center">May 23, 2022</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20221231_zK6SfD2Hiwja" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20231231_z28DsQ0v2Ej7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20241231_zvMkgf4Izh8f" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31, 2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20251231_ze7iGEy03VN6" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20260630_zdZB3qL4aUxk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_402_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_zPmksgqQQf1d" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 37%; text-align: justify">Exercise price</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">6.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">6.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">6.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">6.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">6.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">6.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">6.00</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--SharePrice_iI_zPFusPvGoKO8" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Share price</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">3.64</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">14.94</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">4.66</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2.71</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2.78</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2.93</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2.74</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Expected term from grant date (in years)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20220124__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zXeI6vJDslQ9" title="Expected term from grant date (in years)">5.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90C_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20220523__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_zAZhUQclLrW9" title="Expected term from grant date (in years)">5.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20221231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_zffwl4skyco9" title="Expected term from grant date (in years)">4.10 for Initial Warrant and <span id="xdx_909_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20221231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrentMember_zdEgtRxb1nX1" title="Expected term from grant date (in years)">4.50 for Second Warrant</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20231231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_zNfYlhqVAbRc" title="Expected term from grant date (in years)">3.10 for Initial Warrant and <span id="xdx_90E_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20231231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrentMember_zVoVyvQi67J8" title="Expected term from grant date (in years)">3.40 for Second Warrant</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20241231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_zNhIombXl1z8" title="Expected term from grant date (in years)">2.09 for Initial Warrant and <span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20241231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrentMember_zgWwvyICCYEl" title="Expected term from grant date (in years)">2.44 for Second Warrant</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20251231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_z0UXDfx9TDaj" title="Expected term from grant date (in years)">1.08 for Initial Warrant and <span id="xdx_90D_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20251231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrentMember_zMEPoCEJCOtb" title="Expected term from grant date (in years)">1.41 for Second Warrant</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20260630__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_z1Or9lD05q35" title="Expected term from grant date (in years)">0.58 for Initial Warrant and <span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20260630__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrentMember_ziGl74Bqqt35" title="Expected term from grant date (in years)">0.91 for Second Warrant </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Expected volatility</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20220124__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_zmberdZXS9i6" title="Expected volatility">96.32</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20220523__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_zjPnjmjTJ4Q7" title="Expected volatility">95.90</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20221231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_z8XGRRzdmVpe" title="Expected volatility">96.03</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20231231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_z2Un6VC6Vdy4" title="Expected volatility">82.40</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20241231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_zmOqm0PBmtui" title="Expected volatility">107.66% for the Initial Warrant and <span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20241231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrentMember_zRM2qwv4doji" title="Expected volatility">111.22% for the Second Warrant</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20251231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_zWT1gYYhFtqe" title="Expected volatility">86.29% for the Initial Warrant and <span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20251231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrentMember_zeQKRB1pJXla" title="Expected volatility">106.15% for the Second Warrant</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20260630__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_zQ1xtfWsGUbf" title="Expected volatility">106.83% for the Initial Warrant and <span id="xdx_90C_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20260630__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrentMember_zcaNXkVBfBX" title="Expected volatility">88.16% for the Second Warrant </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Risk-free interest rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20220124__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zXj1Q4g2XASk" title="Risk-free interest rate">1.53</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20220523__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zGB3xajCSBw2" title="Risk-free interest rate">2.88</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20221231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zhJ0XOzK2FZ3" title="Risk-free interest rate">3.99</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20231231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zOtR9zxAxIDl" title="Risk-free interest rate">4.01</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20241231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_zL6ynXbjyhhi" title="Risk-free interest rate">4.25</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20251231__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_z4vHXpUcYhFe" title="Risk-free interest rate">3.48</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20260630__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_zOMcs8wHLu98">4.01% for the Initial Warrant and <span id="xdx_907_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pid_uPure_c20260630__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrantMember_z8n7cktfvKwb">3.98% for the Second Warrant </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_uPure_hus-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zx5hdVQHRPG5" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Dividend yield (per share)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_uPure_hus-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedDividendRateMember_zxRjMxLIDGkb" style="display: none; vertical-align: bottom; background-color: White"> <td style="text-align: justify">Warrant valuation Assumptions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">- </td><td style="text-align: left"> </td></tr> </table>

6.00

3.64

14.94

4.66

2.71

2.78

2.93

2.74

P5Y

P4Y1M6D

P4Y6M

P3Y1M6D

P3Y4M24D

P2Y1M2D

P2Y5M8D

P1Y29D

P1Y4M28D

P0Y6M29D

P0Y10M28D

96.32

95.90

96.03

82.40

107.66

111.22

86.29

106.15

106.83

88.16

1.53

2.88

3.99

4.01

4.25

3.48

4.01

3.98

325000

6.00

1950000

442240

The movement of warrant liabilities is summarized as follows: SCHEDULE OF WARRANT LIABILITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_4BF_us-gaap--StatementEquityComponentsAxis_us-gaap--WarrantMember_z6Tan5nJM7El" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_434_c20220101__20221231_eus-gaap--WarrantsAndRightsOutstanding_iS_zcIPf2NpfULf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance as of January 1, 2022</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_437_c20220124__us-gaap--ClassOfWarrantOrRightAxis__custom--InitialWarrantMember_ecustom--WarrantLiabilityNet_iI_zOPgWYxmoNsi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; width: 80%">Issuance of Initial Warrant as of January 24, 2022</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">915,644</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_439_c20220523__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrantMember_ecustom--WarrantLiabilityNet_iI_zE2CwktOBqfh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Issuance of Second Warrant as of May 23, 2022</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,833,325</td><td style="text-align: left"> </td></tr> <tr id="xdx_438_c20220523__us-gaap--ClassOfWarrantOrRightAxis__custom--SecondWarrantMember_ecustom--WarrantLiabilityNet_iI_zCx7jZY23l4b" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Issuance of Warrant</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,833,325</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43C_c20220615__20220616_ecustom--StockIssuedDuringPeriodValueWarrantExercised_z8mYFMHN3VR2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIE9GIFdBUlJBTlQgTElBQklMSVRJRVMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_908_ecustom--StockIssuedDuringPeriodSharesWarrantExercised_c20220616__20220616_z9Jrn54rRLLd" title="Warrant exercised, shares">50,000 warrant shares exercised on June 16, 2022</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(119,343</td><td style="text-align: left">)</td></tr> <tr id="xdx_439_c20220818__20220818_ecustom--StockIssuedDuringPeriodValueWarrantExercised_zriYLR1d3q1l" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIE9GIFdBUlJBTlQgTElBQklMSVRJRVMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90F_ecustom--StockIssuedDuringPeriodSharesWarrantExercised_c20220818__20220818_z9GMY2MxsQf" title="Warrant exercised, shares">185,000 warrant shares exercised on August 18, 2022</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(915,799</td><td style="text-align: left">)</td></tr> <tr id="xdx_43B_c20220828__20220829_ecustom--StockIssuedDuringPeriodValueWarrantExercised_zMlS3IxCHXJj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNDSEVEVUxFIE9GIFdBUlJBTlQgTElBQklMSVRJRVMgKERldGFpbHMpIChQYXJlbnRoZXRpY2FsKQA_" id="xdx_90A_ecustom--StockIssuedDuringPeriodSharesWarrantExercised_c20220829__20220829_zLdi7fKrpt0d" title="Warrant exercised, shares">90,000 warrant shares exercised on August 29, 2022</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(445,524</td><td style="text-align: left">)</td></tr> <tr id="xdx_431_c20220828__20220829_ecustom--StockIssuedDuringPeriodValueWarrantExercised_zUpw98zinv23" style="display: none; vertical-align: bottom; background-color: White"> <td style="text-align: left">Warrant shares exercised</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(445,524</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_437_c20220101__20221231_ecustom--IncreaseDecreaseInwarrantLiability_zE2y9tZEOWxh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Change in fair value of warrant liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,878,660</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_438_c20230101__20231231_eus-gaap--WarrantsAndRightsOutstanding_iS_zegeFbRTJVzb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Balance as of December 31, 2022</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">1,389,643</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_43C_c20230101__20231231_ecustom--IncreaseDecreaseInwarrantLiability_z7q3xE43jbRj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Change in fair value of warrant liabilities for the year</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(907,424</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_430_c20240101__20241231_eus-gaap--WarrantsAndRightsOutstanding_iS_zeAJuRk5zf4g" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Balance as of December 31, 2023</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">482,219</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_439_c20240101__20241231_ecustom--IncreaseDecreaseInwarrantLiability_zraRC3E3UDO5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Change in fair value of warrant liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">96,709</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_434_c20250101__20251231_eus-gaap--WarrantsAndRightsOutstanding_iS_zsNOIpwrttb8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Balance as of December 31, 2024</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">578,928</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_43F_c20250101__20251231_ecustom--IncreaseDecreaseInwarrantLiability_zOCXLatOMq74" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Change in fair value of warrant liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(214,996</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_432_c20260101__20260630_eus-gaap--WarrantsAndRightsOutstanding_iS_zb0HUN54hn42" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Balance as of December 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">363,932</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_43C_c20260101__20260630_eus-gaap--WarrantsAndRightsOutstanding_iS_ztW4YH8fPoll" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Warrant liabilities, beginning balance</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">363,932</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_43A_c20260101__20260630_ecustom--IncreaseDecreaseInwarrantLiability_zN9KXjb2eAn6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Change in fair value of warrant liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(222,546</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_436_c20260101__20260630_eus-gaap--WarrantsAndRightsOutstanding_iE_z2EES36Fkwzh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Balance as of June 30, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">141,386</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_43D_c20260101__20260630_eus-gaap--WarrantsAndRightsOutstanding_iE_zcq16YvFNng6" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Warrant liabilities, ending balance</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">141,386</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

915644 4833325 4833325 50000 -119343 185000 -915799 90000 -445524 -445524 -2878660

1389643

-907424

482219

96709

578928

-214996

363932

-222546

141386

NOTE 7 – OPERATING LEASES The Company accounts for leases in accordance with ASC Topic 842, Leases (“ASC 842”). All contracts are evaluated to determine whether or not they represent a lease. A lease conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Company has operating leases primarily consisting of facilities with remaining lease terms of one year to three years. The lease term represents the period up to the early termination date unless it is reasonably certain that the Company will not exercise the early termination option. Leases are classified as finance or operating in accordance with the guidance in ASC 842. The Company did not hold any finance leases as of June 30, 2026 and December 31, 2025. The Company also has certain short-term leases related to equipment and tools. A short-term lease is a lease with a term of 12 months or less and does not include the option to purchase the underlying asset that the Company would expect to exercise. The Company has elected to adopt the short-term lease exemption in ASC 842 and as such has not recognized a “right of use” asset or lease liability for these short-term leases. The Company’s lease agreements do not specify an implicit borrowing rate, and generally, the lease discounted rate is set at a collateralized basis for a similar term of incremental borrowing rate as the underlying lease. However, as of June 30, 2026, the Company has not obtained borrowings from financial institutions for a number of years, making the use of a standalone incremental borrowing rate inappropriate to the new lease agreement. Consequently, the Company uses 3-year Indonesia Government Bond Yield as the applicable lease discount rate of new lease agreements since 2025. The weighted average discount rate is 6.82% for the six months ended June 30, 2026. The components of lease expense were as follows for each of the periods presented: SCHEDULE OF LEASE EXPENSES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20260101__20260630_z7bXo4ltU8Dd" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20250101__20250630_zBIq2JlgAKGf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40F_eus-gaap--OperatingLeaseCost_maLCzVCH_zUjKybhW5LZ1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Operating lease expense</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">324,782</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">327,346</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--ShortTermLeaseCost_maLCzVCH_zfEh4yJyICnb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Short-term lease expense</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">18,306</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">20,791</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--LeaseCost_iT_mtLCzVCH_zkLsSJVkfUfe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Total operating lease costs</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">343,088</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">348,137</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other information</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--OperatingLeasePayments_zI8SWS0jsFj7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Operating cash flows used in operating leases</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">324,782</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">169,937</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Weighted average remaining lease term (in years)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20260630_zTpKMonuPKW1" style="text-align: right">1.20</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20250630_zYQ1OVrYYv2h" style="text-align: right">1.52</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 10pt">Weighted average discount rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20260630_zFiHngyaC4m" style="text-align: right">6.82</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20250630_zXP37xzoAIh5" style="text-align: right">10</td><td style="text-align: left">%</td></tr> </table> Future lease payments included in the measurement of operating lease liabilities as of June 30, 2026 were as follows: SCHEDULE OF OPERATING FUTURE LEASE PAYMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20260630_znKAzLVcSYj9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_408_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_iI_maLOLLPzGXu_z001aKVOCFMh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; width: 80%">The remainder of 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">243,338</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_maLOLLPzGXu_zOLdxUtfmJD2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">2027</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">288,180</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_mtLOLLPzGXu_z34HoKfyzye4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">531,518</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_di_znQ0AAMhTIga" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less: discount on operating lease liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(22,315</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_403_eus-gaap--OperatingLeaseLiability_iI_zWrXWwt3lKz9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Present value of operating lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">509,203</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OperatingLeaseLiabilityCurrent_iNI_di_zm6ZmBB5nufk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less: Current portion of operating lease liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(397,963</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_z6ixJtSG0Tcd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Non-current portion of operating lease liabilities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">111,240</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

Consequently, the Company uses 3-year Indonesia Government Bond Yield as the applicable lease discount rate of new lease agreements since 2025.

0.0682

SCHEDULE OF LEASE EXPENSES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20260101__20260630_z7bXo4ltU8Dd" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20250101__20250630_zBIq2JlgAKGf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40F_eus-gaap--OperatingLeaseCost_maLCzVCH_zUjKybhW5LZ1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Operating lease expense</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">324,782</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">327,346</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--ShortTermLeaseCost_maLCzVCH_zfEh4yJyICnb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Short-term lease expense</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">18,306</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">20,791</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--LeaseCost_iT_mtLCzVCH_zkLsSJVkfUfe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Total operating lease costs</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">343,088</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">348,137</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other information</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--OperatingLeasePayments_zI8SWS0jsFj7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Operating cash flows used in operating leases</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">324,782</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">169,937</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Weighted average remaining lease term (in years)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20260630_zTpKMonuPKW1" style="text-align: right">1.20</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20250630_zYQ1OVrYYv2h" style="text-align: right">1.52</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 10pt">Weighted average discount rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20260630_zFiHngyaC4m" style="text-align: right">6.82</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20250630_zXP37xzoAIh5" style="text-align: right">10</td><td style="text-align: left">%</td></tr> </table>

324782

327346

18306

20791

343088

348137

324782

169937

P1Y2M12D

P1Y6M7D

0.0682

0.10

Future lease payments included in the measurement of operating lease liabilities as of June 30, 2026 were as follows: SCHEDULE OF OPERATING FUTURE LEASE PAYMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20260630_znKAzLVcSYj9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_408_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_iI_maLOLLPzGXu_z001aKVOCFMh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; width: 80%">The remainder of 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">243,338</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_maLOLLPzGXu_zOLdxUtfmJD2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">2027</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">288,180</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_mtLOLLPzGXu_z34HoKfyzye4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">531,518</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_di_znQ0AAMhTIga" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less: discount on operating lease liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(22,315</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_403_eus-gaap--OperatingLeaseLiability_iI_zWrXWwt3lKz9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Present value of operating lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">509,203</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OperatingLeaseLiabilityCurrent_iNI_di_zm6ZmBB5nufk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less: Current portion of operating lease liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(397,963</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_z6ixJtSG0Tcd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Non-current portion of operating lease liabilities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">111,240</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

243338

288180

531518

22315

509203

397963

111240

NOTE 8 – TAXES The current and deferred components of the income tax provision are substantially attributable to the Company’s subsidiaries in Indonesia. Due to the unrecovered expenditure on the Company’s Kruh Block operations, there was no provision for income taxes for the six months ended June 30, 2026 and 2025, respectively. The effective tax rate is based on expected income and statutory tax rates. For interim financial reporting, the Company estimates the annual tax rate based on projected taxable income for the full year and records an interim income tax provision in accordance with guidance on accounting for income taxes in an interim period. As the year progresses, the Company refines the estimates of the year’s taxable income as new information becomes available. The Company’s effective tax rates for the six months ended June 30, 2026 and 2025 were 0% and 0%, respectively. The Company did not incur any interest and penalties related to potential underpaid income tax expenses.

NOTE 9 – EQUITY As of June 30, 2026 and December 31, 2025, there were 15,386,840 and 14,987,474 Ordinary Shares issued and outstanding. The change in outstanding Ordinary Shares was due to the issuance of Ordinary Shares under the ATM offering. For the six months ended June 30, 2026, there were 399,366 Ordinary Shares sold and issued through the ATM offering, and the Company received net proceeds of approximately $2.25 million.

15386840

14987474

399366

2250000

NOTE 10 – SHARE BASED COMPENSATION EXPENSES On December 29, 2025, pursuant to the fourth amendment to the employment agreement of the Company’s President, Frank Ingriselli, the Company granted Mr. Ingriselli <span id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_c20260701__20260701__us-gaap--TypeOfArrangementAxis__custom--EmploymentAgreementMember__srt--TitleOfIndividualAxis__custom--FrankIngriselliMember_zfqfYUozmLL5" title="Ordinary shares vesting granted">30,000 Ordinary Shares which vested on July 1, 2026. Such Ordinary Shares were valued at $3.16 per share which is based on the closing price of the shares traded on NYSE American Exchange on December 29, 2025. The Company recorded $94,800 share based compensation expenses as of June 30, 2026.

30000

3.16

94800

NOTE 11 – RELATED PARTY TRANSACTIONS The following is a list of the major related parties and the relationship with the Company as of June 30, 2026 and 2025: SCHEDULE OF MAJOR RELATED PARTIES AND RELATIONSHIP <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 30%; font-weight: bold; text-align: left">Name of the related parties</td><td style="text-align: left; width: 2%; font-weight: bold; padding-bottom: 1pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 68%; font-weight: bold; text-align: left">Relation with the Company</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Maderic Holding Limited</td><td> </td> <td style="text-align: left"><span id="xdx_908_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MadericHoldingLimitedMember_zVQp8VVmBolc" title="Relationship with the Company"><span id="xdx_90E_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MadericHoldingLimitedMember_zAWKSFSgN3v5" title="Relationship with the Company">Majority Shareholder of IEC</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">HFO Investment Group Ltd</td><td> </td> <td><span id="xdx_900_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HFOInvestmentGroupLtdMember_zZmJ09edtnN9" title="Relationship with the Company"><span id="xdx_904_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HFOInvestmentGroupLtdMember_zU5GCciNZIx8" title="Relationship with the Company">Shareholder of IEC</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Dr. Wirawan Jusuf</td><td> </td> <td style="text-align: left"><span id="xdx_902_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--DrWirawanJusufMember_zKKZoIZvsCH7" title="Relationship with the Company"><span id="xdx_90C_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--DrWirawanJusufMember_zj4MCCCSVlki" title="Relationship with the Company">Director, Chairman of the Board and Chief Executive Officer</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Frank C. Ingriselli</td><td> </td> <td><span id="xdx_903_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--FrankCIngriselliMember_zfLJqgSGxCs1" title="Relationship with the Company"><span id="xdx_900_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--FrankCIngriselliMember_zoBi0r1THif4" title="Relationship with the Company">President</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Chia Hsin “Charlie” Wu</td><td> </td> <td style="text-align: left"><span id="xdx_903_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ChiaHsinCharlieWuMember_zcsPAGW8hj65" title="Relationship with the Company"><span id="xdx_90C_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ChiaHsinCharlieWuMember_ztMQU5bXoyu6" title="Relationship with the Company">Chief Technology Officer</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Mirza F. Said</td><td> </td> <td style="text-align: left"><span id="xdx_90F_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MirzaFSaidMember_zhltwja4XFuk" title="Relationship with the Company"><span id="xdx_903_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MirzaFSaidMember_zdmLNkIvQOra" title="Relationship with the Company">Chief Operating Officer and Director</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">James J. Huang</td><td> </td> <td style="text-align: left"><span id="xdx_90F_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JamesJHuangMember_zncWpCfj5A4f" title="Relationship with the Company"><span id="xdx_909_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JamesJHuangMember_zG6E4fDoP0vf" title="Relationship with the Company">Chief Investment Officer and Director</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Gregory L. Overholtzer</td><td> </td> <td style="text-align: left"><span id="xdx_909_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--GrogoryLOverholtzerMember_zj6FR31QHy0d" title="Relationship with the Company"><span id="xdx_90B_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--GrogoryLOverholtzerMember_zSPYfnbqwcza" title="Relationship with the Company">Chief Financial Officer</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Chiu Chen-Chia</td><td> </td> <td><span id="xdx_90F_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CHIUCHENCHIAMember_zILMxUyQMUC1" title="Relationship with the Company"><span id="xdx_905_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CHIUCHENCHIAMember_zsEadLQNid9d" title="Relationship with the Company">Shareholder of IEC</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Chiu Chen-Ta</td><td> </td> <td><span id="xdx_909_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CHIUCHENTAMember_zazN2ZyYsVc" title="Relationship with the Company"><span id="xdx_90F_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CHIUCHENTAMember_z0XGGN1q35Tc" title="Relationship with the Company">Shareholder of IEC</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">PT. Wiranusa Karana Mardika</td><td> </td> <td style="text-align: left"><span id="xdx_906_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--PTWiranusaKaranaMardikaMember_zC6JCsMHaGO6" title="Relationship with the Company"><span id="xdx_90D_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--PTWiranusaKaranaMardikaMember_zr5UVSZQLev6" title="Relationship with the Company">An Entity Controlled by Dr. Wirawan Jusuf</td></tr> </table> The Company’s related party, PT. Wirannusa Karana Mardika (PT WKM) provides office space for Kerja Sama Operasi/Joint Operation with Pertamina (KSO), PT Cogen Nusantara Energi (CNE), PT Harvel Nusantara Energi (HNE) and PT Hutama Wiranusa Energi (HWE). KSO related expenses are recorded under lease operating expense and rental related to other related parties are recorded under general and administrative expenses. The related party rental expenses for the six months ended June 30, 2026 and 2025 were as follows: SCHEDULE OF RELATED PARTY RENTAL EXPENSE <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_498_20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--PTWiranusaKaranaMardikaMember_zXFy8PAjpevj" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49C_20250101__20250630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--PTWiranusaKaranaMardikaMember_z6mSdHQh5uR5" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40D_eus-gaap--GeneralAndAdministrativeExpense_maRPREziS6_zvrPEnKhgO9e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">General and administrative expense</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">37,766</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">43,853</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--OperatingLeaseExpense_maRPREziS6_ztNPBnhZ1Dik" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Leasing operating expense</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">34,885</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">34,687</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--RelatedPartyRentalExpense_iT_mtRPREziS6_ze2PhqfyMbH9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">72,651</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">78,540</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> As of June 30, 2026 and December 31, 2025, the amount due to related parties of the Company was listed as below: SCHEDULE OF AMOUNT DUE TO RELATED PARTIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Amount due to related parties</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Audited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left; padding-bottom: 1pt">PT. Wiranusa Karana Mardika</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_98B_ecustom--AmountDueToRelatedParty_iI_c20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--PTWiranusaKaranaMardikaMember_z4Ma6jp0yX8g" style="border-bottom: Black 1pt solid; width: 16%; text-align: right" title="Amount due to related party">1,335</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_988_ecustom--AmountDueToRelatedParty_iI_c20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--PTWiranusaKaranaMardikaMember_zK70cb6T16he" style="border-bottom: Black 1pt solid; width: 16%; text-align: right" title="Amount due to related party">1,383</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_982_ecustom--AmountDueToRelatedParty_iI_c20260630_zHfc4OyWrBkk" style="border-bottom: Black 2.5pt double; text-align: right" title="Amount due to related party">1,335</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_ecustom--AmountDueToRelatedParty_iI_c20251231_zoXIsaWxjHk6" style="border-bottom: Black 2.5pt double; text-align: right" title="Amount due to related party">1,383</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Since January 1, 2023, the Company leased Giesmart Plaza Zone 2 and Zone 1, 3&4 for KSO and combined office space for CNE, HNE and HWE, respectively, from PT WKM. PT WKM is owned by the Company’s CEO, Dr. Wirawan Jusuf, who holds <span id="xdx_90E_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20230101__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--DrWirawanJusufMember_zeIHciGG9hF4" title="Ownership percentage">50% of the ownership. The lease term for Giesmart Plaza Zone 2 was from January 1, 2023 to March 31, 2024, which was extended to March 31, 2025, and further extended to March 31, 2026. The lease agreement of Giesmart Plaza Zone extended again in 2026 to April 1, 2027. The lease term for Giesmart Zone 1, 3&4 was from January 1, 2023 to September 30, 2024, which was extended to September 30, 2027. During the six months ended June 30, 2025, the Company incurred rent expense of $<span id="xdx_90F_eus-gaap--OtherAccruedLiabilitiesCurrentAndNoncurrent_iI_c20250630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--GiesmartPlazaZoneTwoMember_zpF4nn2wnAmf" title="Incurred rent expense">34,687 for Giesmart Plaza Zone 2, and $<span id="xdx_907_eus-gaap--OtherAccruedLiabilitiesCurrentAndNoncurrent_iI_c20250630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--GiesmartPlazaZoneOneThreeAndFourMember_zDt71x0WKy18" title="Incurred rent expense">43,853 for Zone 1, 3&4. For the six months ended June 30, 2026, the Company incurred rent expense of $<span id="xdx_906_eus-gaap--OtherAccruedLiabilitiesCurrentAndNoncurrent_iI_c20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--GiesmartPlazaZoneTwoMember_zw4nb4EYWvBh" title="Incurred rent expense">34,885 for Giesmart Plaza Zone 2, and $<span id="xdx_904_eus-gaap--OtherAccruedLiabilitiesCurrentAndNoncurrent_iI_c20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--GiesmartPlazaZoneOneThreeAndFourMember_zAe9msKN2i3b" title="Incurred rent expense">37,766 for Zone 1, 3&4.

The following is a list of the major related parties and the relationship with the Company as of June 30, 2026 and 2025: SCHEDULE OF MAJOR RELATED PARTIES AND RELATIONSHIP <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 30%; font-weight: bold; text-align: left">Name of the related parties</td><td style="text-align: left; width: 2%; font-weight: bold; padding-bottom: 1pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 68%; font-weight: bold; text-align: left">Relation with the Company</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Maderic Holding Limited</td><td> </td> <td style="text-align: left"><span id="xdx_908_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MadericHoldingLimitedMember_zVQp8VVmBolc" title="Relationship with the Company"><span id="xdx_90E_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MadericHoldingLimitedMember_zAWKSFSgN3v5" title="Relationship with the Company">Majority Shareholder of IEC</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">HFO Investment Group Ltd</td><td> </td> <td><span id="xdx_900_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HFOInvestmentGroupLtdMember_zZmJ09edtnN9" title="Relationship with the Company"><span id="xdx_904_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HFOInvestmentGroupLtdMember_zU5GCciNZIx8" title="Relationship with the Company">Shareholder of IEC</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Dr. Wirawan Jusuf</td><td> </td> <td style="text-align: left"><span id="xdx_902_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--DrWirawanJusufMember_zKKZoIZvsCH7" title="Relationship with the Company"><span id="xdx_90C_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--DrWirawanJusufMember_zj4MCCCSVlki" title="Relationship with the Company">Director, Chairman of the Board and Chief Executive Officer</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Frank C. Ingriselli</td><td> </td> <td><span id="xdx_903_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--FrankCIngriselliMember_zfLJqgSGxCs1" title="Relationship with the Company"><span id="xdx_900_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--FrankCIngriselliMember_zoBi0r1THif4" title="Relationship with the Company">President</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Chia Hsin “Charlie” Wu</td><td> </td> <td style="text-align: left"><span id="xdx_903_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ChiaHsinCharlieWuMember_zcsPAGW8hj65" title="Relationship with the Company"><span id="xdx_90C_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ChiaHsinCharlieWuMember_ztMQU5bXoyu6" title="Relationship with the Company">Chief Technology Officer</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Mirza F. Said</td><td> </td> <td style="text-align: left"><span id="xdx_90F_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MirzaFSaidMember_zhltwja4XFuk" title="Relationship with the Company"><span id="xdx_903_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MirzaFSaidMember_zdmLNkIvQOra" title="Relationship with the Company">Chief Operating Officer and Director</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">James J. Huang</td><td> </td> <td style="text-align: left"><span id="xdx_90F_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JamesJHuangMember_zncWpCfj5A4f" title="Relationship with the Company"><span id="xdx_909_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JamesJHuangMember_zG6E4fDoP0vf" title="Relationship with the Company">Chief Investment Officer and Director</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Gregory L. Overholtzer</td><td> </td> <td style="text-align: left"><span id="xdx_909_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--GrogoryLOverholtzerMember_zj6FR31QHy0d" title="Relationship with the Company"><span id="xdx_90B_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--GrogoryLOverholtzerMember_zSPYfnbqwcza" title="Relationship with the Company">Chief Financial Officer</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Chiu Chen-Chia</td><td> </td> <td><span id="xdx_90F_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CHIUCHENCHIAMember_zILMxUyQMUC1" title="Relationship with the Company"><span id="xdx_905_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CHIUCHENCHIAMember_zsEadLQNid9d" title="Relationship with the Company">Shareholder of IEC</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Chiu Chen-Ta</td><td> </td> <td><span id="xdx_909_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CHIUCHENTAMember_zazN2ZyYsVc" title="Relationship with the Company"><span id="xdx_90F_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CHIUCHENTAMember_z0XGGN1q35Tc" title="Relationship with the Company">Shareholder of IEC</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">PT. Wiranusa Karana Mardika</td><td> </td> <td style="text-align: left"><span id="xdx_906_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--PTWiranusaKaranaMardikaMember_zC6JCsMHaGO6" title="Relationship with the Company"><span id="xdx_90D_eus-gaap--NatureOfCommonOwnershipOrManagementControlRelationships_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--PTWiranusaKaranaMardikaMember_zr5UVSZQLev6" title="Relationship with the Company">An Entity Controlled by Dr. Wirawan Jusuf</td></tr> </table>

Majority Shareholder of IEC

Shareholder of IEC

Director, Chairman of the Board and Chief Executive Officer

President

Chief Technology Officer

Chief Operating Officer and Director

Chief Investment Officer and Director

Chief Financial Officer

Shareholder of IEC

An Entity Controlled by Dr. Wirawan Jusuf

SCHEDULE OF RELATED PARTY RENTAL EXPENSE <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_498_20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--PTWiranusaKaranaMardikaMember_zXFy8PAjpevj" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49C_20250101__20250630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--PTWiranusaKaranaMardikaMember_z6mSdHQh5uR5" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40D_eus-gaap--GeneralAndAdministrativeExpense_maRPREziS6_zvrPEnKhgO9e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">General and administrative expense</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">37,766</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">43,853</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--OperatingLeaseExpense_maRPREziS6_ztNPBnhZ1Dik" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Leasing operating expense</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">34,885</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">34,687</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--RelatedPartyRentalExpense_iT_mtRPREziS6_ze2PhqfyMbH9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">72,651</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">78,540</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

37766

43853

34885

34687

72651 78540

As of June 30, 2026 and December 31, 2025, the amount due to related parties of the Company was listed as below: SCHEDULE OF AMOUNT DUE TO RELATED PARTIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Amount due to related parties</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Audited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left; padding-bottom: 1pt">PT. Wiranusa Karana Mardika</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_98B_ecustom--AmountDueToRelatedParty_iI_c20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--PTWiranusaKaranaMardikaMember_z4Ma6jp0yX8g" style="border-bottom: Black 1pt solid; width: 16%; text-align: right" title="Amount due to related party">1,335</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_988_ecustom--AmountDueToRelatedParty_iI_c20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--PTWiranusaKaranaMardikaMember_zK70cb6T16he" style="border-bottom: Black 1pt solid; width: 16%; text-align: right" title="Amount due to related party">1,383</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_982_ecustom--AmountDueToRelatedParty_iI_c20260630_zHfc4OyWrBkk" style="border-bottom: Black 2.5pt double; text-align: right" title="Amount due to related party">1,335</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_ecustom--AmountDueToRelatedParty_iI_c20251231_zoXIsaWxjHk6" style="border-bottom: Black 2.5pt double; text-align: right" title="Amount due to related party">1,383</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

1335 1383 1335 1383

0.50

34687

43853

34885

37766

NOTE 12 – COMMITMENTS AND CONTINGENCIES Litigation From time to time, the Company may be subject to routine litigation, claims, or disputes in the ordinary course of business. Litigation or any other legal or administrative proceeding, regardless of the outcome, is likely to result in substantial cost and diversion of our resources, including our management’s time and attention. The Company defends itself vigorously in all such matters. In the opinion of management, no pending or known threatened claims, actions or proceedings against the Company are expected to have a material adverse effect on its financial position, results of operations or cash flows. However, the Company cannot predict with certainty the outcome or effect of any such litigation or investigatory matters or any other pending litigation or claims. There can be no assurance as to the ultimate outcome of any such lawsuits and investigations. The Company had no significant pending litigation as of June 30, 2026 and December 31, 2025. Commitments As a requirement to acquire and maintain the operatorship of oil and gas blocks in Indonesia, the Company follows a work program and budget that includes firm capital commitments. Currently, Kruh Block is operated under a KSO until May 2030, which was extended to September, 2035 in August 2023. The Company has material commitments related to its development and exploration activities in the Kruh Block and material commitments in regard to the exploration activity in the Citarum Block under a Production Sharing Contract with the Indonesian Special Task Force for Upstream Oil and Gas Business Activities (known as SKK Migas) (the “PSC”). The following table summarizes future commitments amounts on an undiscounted basis as of June 30, 2026 for all the planned expenditures to be carried out in Kruh Block and Citarum Block (this table takes into account the Company’s updated drilling plans for Kruh Block): SUMMARY OF FUTURE COMMITMENTS AMOUNTS ON AN UNDISCOUNTED FOR ALL THE PLANNED EXPENDITURES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Future commitments (Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-style: italic; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-style: italic; text-align: center">Nature of commitments</td><td style="padding-bottom: 1pt; font-style: italic"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Remainder of 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2027</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2028 and beyond</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Citarum Block PSC</td><td> </td> <td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 37%; text-align: left">Geological and geophysical (G&G) studies</td><td style="width: 2%"> </td> <td style="width: 12%; text-align: center">(a) </td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--GeologicalAndGeophysicalGandGStudiesMember_fKGEp_zgCNaPGdb1cg" style="width: 12%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--GeologicalAndGeophysicalGandGStudiesMember_fKGEp_z7dn1ZQaKcAk" style="width: 12%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--GeologicalAndGeophysicalGandGStudiesMember_fKGEp_zH6Lym88eQxb" style="width: 12%; text-align: right">950,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 10pt">2D seismic</td><td> </td> <td style="text-align: center">(a) </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--TwoDSeismicMember_fKGEp_zCNSnLaGs5G8" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--TwoDSeismicMember_fKGEp_zH8vIGUnxssb" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--TwoDSeismicMember_fKGEp_zcvfx3ZJg0A2" style="text-align: right">6,050,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">3D seismic</td><td> </td> <td style="text-align: center">(a) </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--ThreeDSeismicMember_fKGEp_zKc1fTRgCOm9" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--ThreeDSeismicMember_fKGEp_zJ0iPHKHAIu6" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--ThreeDSeismicMember_fKGEp_z6DBEQxq11l2" style="text-align: right">2,100,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 10pt; padding-bottom: 1pt">Drilling</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: center">(b)(c)</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--DrillingMember_fKGIpKGMp_zBLaAcr3rrK7" style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--DrillingMember_fKGIpKGMp_zG2x1o7na6sj" style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--DrillingMember_fKGIpKGMp_zcDvPnFUqhD2" style="border-bottom: Black 1pt solid; text-align: right">30,000,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Total commitments - Citarum PSC</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: center"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98B_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember_zVJfl2q9rQR2" style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_989_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember_zKNfRMoGnXZk" style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98B_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember_z9UmfheAMyM2" style="border-bottom: Black 1pt solid; text-align: right">39,100,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Kruh Block KSO</td><td> </td> <td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Operating commitments</td><td> </td> <td style="text-align: center">(d) </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_988_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--LeaseCommitmentsMember_fKGQp_z4lKjZnglXQ9" style="text-align: right">1,429,905</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--LeaseCommitmentsMember_fKGQp_znDkcw2TKml9" style="text-align: right">3,763,035</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98D_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--LeaseCommitmentsMember_fKGQp_zapttxTQ9wU1" style="text-align: right">81,423,545</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Production facility</td><td> </td> <td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--ProductionFacilityMember_zquLCfP9TJa1" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--ProductionFacilityMember_zNMOjVkG27xj" style="text-align: right">700,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--ProductionFacilityMember_zjfubOIosoBl" style="text-align: right">300,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">G&G studies</td><td> </td> <td style="text-align: center">(a) </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--GAndGStudiesMember_fKGEp_zWhakC61ies5" style="text-align: right">100,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--GAndGStudiesMember_fKGEp_zFZocDwNnPf3" style="text-align: right">50,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--GAndGStudiesMember_fKGEp_ze2Ry5F8iBgc" style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 10pt">2D seismic</td><td> </td> <td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--TwoDSeismicMember_zFlxpGuz7i7l" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--TwoDSeismicMember_zPcO9oRJgVRj" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--TwoDSeismicMember_zCdvFMN9aCD6" style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">3D seismic</td><td> </td> <td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--ThreeDSeismicMember_zVsVEFsCa7s" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--ThreeDSeismicMember_zOD23s2A1XTh" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--ThreeDSeismicMember_zRJkiblR6pue" style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 10pt">Drilling</td><td> </td> <td style="text-align: center">(a) </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--DrillingMember_fKGEp_zsTOJzc3fzUf" style="text-align: right">5,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--DrillingMember_fKGEp_zQRNL2C6UbQ3" style="text-align: right">2,600,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--DrillingMember_fKGEp_zS2NnRn2L4p9" style="text-align: right">33,400,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">Workover</td><td> </td> <td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--WorkoverMember_zwY2IZqnegWi" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--WorkoverMember_zMVypbjGsjMk" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--WorkoverMember_zMGydoAIxGAc" style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 10pt">Certification</td><td> </td> <td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--CertificationMember_zi5BKYQ67IEa" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--CertificationMember_zvc1jbjarHSh" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--CertificationMember_zA5aKlRHTIJb" style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Abandonment and Site Restoration</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: center">(c) </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--AbandonmentAndSiteRestorationMember_fKGMp_z8C665yNdjKc" style="border-bottom: Black 1pt solid; text-align: right">38,136</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--AbandonmentAndSiteRestorationMember_fKGMp_zMJ5vPtCfH1c" style="border-bottom: Black 1pt solid; text-align: right">76,272</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--AbandonmentAndSiteRestorationMember_fKGMp_z8uGtIqemLzc" style="border-bottom: Black 1pt solid; text-align: right">610,179</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Total commitments - Kruh KSO</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: center"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_988_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember_z233XmbIRu0b" style="border-bottom: Black 1pt solid; text-align: right">6,568,041</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_984_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember_zE9z9NuXiB6h" style="border-bottom: Black 1pt solid; text-align: right">7,189,307</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_988_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember_zvHhkARcbsXk" style="border-bottom: Black 1pt solid; text-align: right">115,733,724</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total Commitments</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: center"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630_zlf0uzbAXHo6" style="border-bottom: Black 2.5pt double; text-align: right" title="Future commitments, Remaining of 2026">6,568,041</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630_z0KZHjebnzxk" style="border-bottom: Black 2.5pt double; text-align: right" title="Future commitments, 2027">7,189,307</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630_z96K5BH9Sfci" style="border-bottom: Black 2.5pt double; text-align: right" title="Future commitments, 2028 and beyond">154,833,724</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Nature of commitments: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify">(a)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Both firm commitments and a 5-year work program according to the Company’s economic model are included in the estimate. Firm capital commitments represent legally binding obligations with respect to the KSO for Kruh Block or the PSC for Citarum Block in which the contract specifies the minimum exploration or development work to be performed by us within the first three years of the contract. In certain cases where we execute contracts requiring commitments to a work scope, those commitments have been included to the extent that the amounts and timing of payments can be reliably estimated.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(b)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Includes one exploration and two delineation wells.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(c)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Abandonment and site restoration are primarily upstream asset removal costs at the drilling completion of a field life related to or associated with site clearance, site restoration, and site remediation, based on Indonesian government rules.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(d)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Operating commitments are primarily production operation costs related to or associated to the maintenance well work scheduled to be performed on the oil wells with respect to the Kruh Block KSO.</td></tr> </table>

SUMMARY OF FUTURE COMMITMENTS AMOUNTS ON AN UNDISCOUNTED FOR ALL THE PLANNED EXPENDITURES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Future commitments (Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-style: italic; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-style: italic; text-align: center">Nature of commitments</td><td style="padding-bottom: 1pt; font-style: italic"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Remainder of 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2027</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2028 and beyond</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Citarum Block PSC</td><td> </td> <td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 37%; text-align: left">Geological and geophysical (G&G) studies</td><td style="width: 2%"> </td> <td style="width: 12%; text-align: center">(a) </td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--GeologicalAndGeophysicalGandGStudiesMember_fKGEp_zgCNaPGdb1cg" style="width: 12%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--GeologicalAndGeophysicalGandGStudiesMember_fKGEp_z7dn1ZQaKcAk" style="width: 12%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--GeologicalAndGeophysicalGandGStudiesMember_fKGEp_zH6Lym88eQxb" style="width: 12%; text-align: right">950,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 10pt">2D seismic</td><td> </td> <td style="text-align: center">(a) </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--TwoDSeismicMember_fKGEp_zCNSnLaGs5G8" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--TwoDSeismicMember_fKGEp_zH8vIGUnxssb" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--TwoDSeismicMember_fKGEp_zcvfx3ZJg0A2" style="text-align: right">6,050,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">3D seismic</td><td> </td> <td style="text-align: center">(a) </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--ThreeDSeismicMember_fKGEp_zKc1fTRgCOm9" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--ThreeDSeismicMember_fKGEp_zJ0iPHKHAIu6" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--ThreeDSeismicMember_fKGEp_z6DBEQxq11l2" style="text-align: right">2,100,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 10pt; padding-bottom: 1pt">Drilling</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: center">(b)(c)</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--DrillingMember_fKGIpKGMp_zBLaAcr3rrK7" style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--DrillingMember_fKGIpKGMp_zG2x1o7na6sj" style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--DrillingMember_fKGIpKGMp_zcDvPnFUqhD2" style="border-bottom: Black 1pt solid; text-align: right">30,000,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Total commitments - Citarum PSC</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: center"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98B_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember_zVJfl2q9rQR2" style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_989_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember_zKNfRMoGnXZk" style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98B_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--CitarumBlockPSCMember_z9UmfheAMyM2" style="border-bottom: Black 1pt solid; text-align: right">39,100,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Kruh Block KSO</td><td> </td> <td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Operating commitments</td><td> </td> <td style="text-align: center">(d) </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_988_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--LeaseCommitmentsMember_fKGQp_z4lKjZnglXQ9" style="text-align: right">1,429,905</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--LeaseCommitmentsMember_fKGQp_znDkcw2TKml9" style="text-align: right">3,763,035</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98D_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--LeaseCommitmentsMember_fKGQp_zapttxTQ9wU1" style="text-align: right">81,423,545</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Production facility</td><td> </td> <td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--ProductionFacilityMember_zquLCfP9TJa1" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--ProductionFacilityMember_zNMOjVkG27xj" style="text-align: right">700,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--ProductionFacilityMember_zjfubOIosoBl" style="text-align: right">300,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">G&G studies</td><td> </td> <td style="text-align: center">(a) </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--GAndGStudiesMember_fKGEp_zWhakC61ies5" style="text-align: right">100,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--GAndGStudiesMember_fKGEp_zFZocDwNnPf3" style="text-align: right">50,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--GAndGStudiesMember_fKGEp_ze2Ry5F8iBgc" style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 10pt">2D seismic</td><td> </td> <td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--TwoDSeismicMember_zFlxpGuz7i7l" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--TwoDSeismicMember_zPcO9oRJgVRj" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--TwoDSeismicMember_zCdvFMN9aCD6" style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">3D seismic</td><td> </td> <td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--ThreeDSeismicMember_zVsVEFsCa7s" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--ThreeDSeismicMember_zOD23s2A1XTh" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--ThreeDSeismicMember_zRJkiblR6pue" style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 10pt">Drilling</td><td> </td> <td style="text-align: center">(a) </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--DrillingMember_fKGEp_zsTOJzc3fzUf" style="text-align: right">5,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--DrillingMember_fKGEp_zQRNL2C6UbQ3" style="text-align: right">2,600,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--DrillingMember_fKGEp_zS2NnRn2L4p9" style="text-align: right">33,400,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt">Workover</td><td> </td> <td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--WorkoverMember_zwY2IZqnegWi" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--WorkoverMember_zMVypbjGsjMk" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--WorkoverMember_zMGydoAIxGAc" style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 10pt">Certification</td><td> </td> <td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--CertificationMember_zi5BKYQ67IEa" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--CertificationMember_zvc1jbjarHSh" style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--CertificationMember_zA5aKlRHTIJb" style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Abandonment and Site Restoration</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: center">(c) </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--AbandonmentAndSiteRestorationMember_fKGMp_z8C665yNdjKc" style="border-bottom: Black 1pt solid; text-align: right">38,136</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--AbandonmentAndSiteRestorationMember_fKGMp_zMJ5vPtCfH1c" style="border-bottom: Black 1pt solid; text-align: right">76,272</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember__us-gaap--CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationByPropertyOrProjectAxis__custom--AbandonmentAndSiteRestorationMember_fKGMp_z8uGtIqemLzc" style="border-bottom: Black 1pt solid; text-align: right">610,179</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Total commitments - Kruh KSO</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: center"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_988_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember_z233XmbIRu0b" style="border-bottom: Black 1pt solid; text-align: right">6,568,041</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_984_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember_zE9z9NuXiB6h" style="border-bottom: Black 1pt solid; text-align: right">7,189,307</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_988_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630__srt--ConsolidatedEntitiesAxis__custom--KruhBlockKSOMember_zvHhkARcbsXk" style="border-bottom: Black 1pt solid; text-align: right">115,733,724</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total Commitments</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: center"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear_iI_pp0p0_c20260630_zlf0uzbAXHo6" style="border-bottom: Black 2.5pt double; text-align: right" title="Future commitments, Remaining of 2026">6,568,041</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--OtherCommitmentDueInNextTwelveMonths_iI_pp0p0_c20260630_z0KZHjebnzxk" style="border-bottom: Black 2.5pt double; text-align: right" title="Future commitments, 2027">7,189,307</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_ecustom--OtherCommitmentDueInSecondYearAndThereAfter_iI_pp0p0_c20260630_z96K5BH9Sfci" style="border-bottom: Black 2.5pt double; text-align: right" title="Future commitments, 2028 and beyond">154,833,724</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Nature of commitments: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify">(a)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Both firm commitments and a 5-year work program according to the Company’s economic model are included in the estimate. Firm capital commitments represent legally binding obligations with respect to the KSO for Kruh Block or the PSC for Citarum Block in which the contract specifies the minimum exploration or development work to be performed by us within the first three years of the contract. In certain cases where we execute contracts requiring commitments to a work scope, those commitments have been included to the extent that the amounts and timing of payments can be reliably estimated.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(b)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Includes one exploration and two delineation wells.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(c)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Abandonment and site restoration are primarily upstream asset removal costs at the drilling completion of a field life related to or associated with site clearance, site restoration, and site remediation, based on Indonesian government rules.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(d)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Operating commitments are primarily production operation costs related to or associated to the maintenance well work scheduled to be performed on the oil wells with respect to the Kruh Block KSO.</td></tr> </table> 950000 6050000 2100000 30000000 39100000

1429905

3763035

81423545

700000

300000

100000

50000

5000000

2600000

33400000

38136

76272

610179

6568041

7189307

115733724

6568041

7189307

154833724

NOTE 13 – SEGMENT REPORTING The Company uses the “management approach” in determining reportable segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker (CODM) for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. The Company’s CODM has been identified as the chief executive officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company. The Company manages its business as a 1single operating segment engaged in upstream oil and gas industry in Indonesia. Substantially all of its revenues are derived in Indonesia. All long-lived assets are located in Indonesia. Therefore, no geographical segments are presented. The Company has provided this segment information for all comparable prior periods. Segment information is summarized as follows: SCHEDULE OF SEGMENT INFORMATION <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20260101__20260630__us-gaap--StatementBusinessSegmentsAxis__custom--SegmentReportingMember_zDBt5XD4Uoj4" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20250101__20250630__us-gaap--StatementBusinessSegmentsAxis__custom--SegmentReportingMember_zOhU7wYCTu94" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40F_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_zLc80NuXDa2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Oil and gas revenues</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">1,779,453</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">1,069,505</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--OperatingLeaseExpense_iN_di_zxGrZleVyRai" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Lease operating expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,302,454</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,394,411</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--DepreciationDepletionAndAmortization_iN_di_zbP32MQ6oORe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Depletion, depreciation, and amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(421,414</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(335,348</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--GeneralAndAdministrativeExpense_iN_di_zVmP1fXOBobd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">General and administrative expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,742,249</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,761,060</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--OtherNonoperatingIncomeExpense_zWTJGGMeQHQl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total other expense, net</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(196,217</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(403,460</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_zUhgDFuEnLgc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Result of oil and gas producing operations before income taxes</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(1,882,881</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(2,824,774</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--ProfitLoss_maNILzbKA_zlIFNlsERC5c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Segment net loss</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">(1,882,881</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">(2,824,774</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Reconciliation of profit or loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--IncomeTaxExpenseBenefit_msNILzbKA_zsHb5MSzrEQ6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Adjustment and reconciling items</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--NetIncomeLoss_iT_mtNILzbKA_z4W6bkzEExCd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Consolidated net loss</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,882,881</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(2,824,774</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>

The Company has provided this segment information for all comparable prior periods. Segment information is summarized as follows: SCHEDULE OF SEGMENT INFORMATION <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20260101__20260630__us-gaap--StatementBusinessSegmentsAxis__custom--SegmentReportingMember_zDBt5XD4Uoj4" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20250101__20250630__us-gaap--StatementBusinessSegmentsAxis__custom--SegmentReportingMember_zOhU7wYCTu94" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40F_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_zLc80NuXDa2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Oil and gas revenues</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">1,779,453</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">1,069,505</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--OperatingLeaseExpense_iN_di_zxGrZleVyRai" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Lease operating expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,302,454</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,394,411</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--DepreciationDepletionAndAmortization_iN_di_zbP32MQ6oORe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Depletion, depreciation, and amortization</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(421,414</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(335,348</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--GeneralAndAdministrativeExpense_iN_di_zVmP1fXOBobd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">General and administrative expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,742,249</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,761,060</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--OtherNonoperatingIncomeExpense_zWTJGGMeQHQl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total other expense, net</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(196,217</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(403,460</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_zUhgDFuEnLgc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Result of oil and gas producing operations before income taxes</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(1,882,881</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(2,824,774</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--ProfitLoss_maNILzbKA_zlIFNlsERC5c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Segment net loss</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">(1,882,881</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">(2,824,774</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Reconciliation of profit or loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--IncomeTaxExpenseBenefit_msNILzbKA_zsHb5MSzrEQ6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Adjustment and reconciling items</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--NetIncomeLoss_iT_mtNILzbKA_z4W6bkzEExCd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Consolidated net loss</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,882,881</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(2,824,774</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>

1779453

1069505

1302454

1394411

421414

335348

1742249

1761060

-196217

-403460

-1882881

-2824774

-1882881

-2824774

-1882881

-2824774

NOTE 14 – SUBSEQUENT EVENTS The Company evaluated all events up to the date of the issuance of the report and determined that below events that would have required adjustment or disclosure in the unaudited condensed consolidated financial statements. On July 1, 2026, the 30,000 Ordinary Shares granted to the Company's President on December 29, 2025 vested. On July 25, 2026, the Company spudded the K-29 well at the Kruh Block. The well reached a total measured depth of approximately 3,378 feet, and drilling operations were completed in August 2026. The Company has discovered good quality oil during testing operations

3378

Both firm commitments and a 5-year work program according to the Company’s economic model are included in the estimate. Firm capital commitments represent legally binding obligations with respect to the KSO for Kruh Block or the PSC for Citarum Block in which the contract specifies the minimum exploration or development work to be performed by us within the first three years of the contract. In certain cases where we execute contracts requiring commitments to a work scope, those commitments have been included to the extent that the amounts and timing of payments can be reliably estimated. Includes one exploration and two delineation wells. Abandonment and site restoration are primarily upstream asset removal costs at the drilling completion of a field life related to or associated with site clearance, site restoration, and site remediation, based on Indonesian government rules. Operating commitments are primarily production operation costs related to or associated to the maintenance well work scheduled to be performed on the oil wells with respect to the Kruh Block KSO.