| SCHEDULE OF SEGMENT REPORTING BY SEGMENT |
As
of December 31, 2025 and December 31, 2024, the detailed income statements of each of our divisions are presented below:
SCHEDULE
OF SEGMENT REPORTING BY SEGMENT
Year
Ended December
31, 2025
Operating
Segment
| |
Bromine* | | |
Crude Salt* | | |
Chemical Products | | |
Natural
Gas | | |
Segment Total | | |
Corporate | | |
Total | |
Net revenue
(external customers) | |
$ | 23,000,303 | | |
$ | 2,418,032 | | |
$ | — | | |
$ | — | | |
$ | 25,418,335 | | |
$ | — | | |
$ | 25,418,335 | |
Net revenue
(intersegment) | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | |
Loss from operations before
income tax
expense | |
| (4,658,726 | ) | |
| (908,680 | ) | |
| (1,393,175 | ) | |
| (157,913 | ) | |
| (7,118,494 | ) | |
| (1,450,130 | ) | |
| (8,568,624 | ) |
| Income tax (expense) benefit | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | |
Loss from operations after
income tax (expense)
benefit | |
| (4,658,726 | ) | |
| (908,680 | ) | |
| (1,393,175 | ) | |
| (157,913 | ) | |
| (7,118,494 | ) | |
| (1,450,130 | ) | |
| (8,568,624 | ) |
| Total assets | |
| 83,080,154 | | |
| 50,107,530 | | |
| — | | |
| 543,530 | | |
| 133,731,214 | | |
| 596 | | |
| 133,731,810 | |
Depreciation and
amortization | |
| 13,146,992 | | |
| 2,710,846 | | |
| 275,517 | | |
| 128,263 | | |
| 16,261,618 | | |
| — | | |
| 16,261,618 | |
| Capital expenditures | |
| 214,761 | | |
| 9,129,878 | | |
| — | | |
| — | | |
| 9,344,639 | | |
| — | | |
| 9,344,639 | |
Year
Ended December
31, 2024 | |
Bromine* | | |
Crude Salt* | | |
Chemical Products | | |
Natural Gas | | |
Segment Total | | |
Corporate | | |
Total | |
Net revenue
(external customers) | |
$ | 5,549,815 | | |
$ | 2,049,988 | | |
$ | — | | |
$ | 61,207 | | |
$ | 7,661,010 | | |
$ | — | | |
$ | 7,661,010 | |
Net revenue
(intersegment) | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | |
Loss from operations before
income tax
expense | |
| (17,455,130 | ) | |
| (668,110 | ) | |
| (3,185,472 | ) | |
| (195,364 | ) | |
| (21,504,076 | ) | |
| (744,493 | ) | |
| (22,248,569 | ) |
| Income tax (expense) benefit | |
| (1,632,978 | ) | |
| (15,204 | ) | |
| — | | |
| — | | |
| (1,648,182 | ) | |
| — | | |
| (1,648,182 | ) |
Loss from operations after
income tax (expense)
benefit | |
| (19,088,108 | ) | |
| (683,314 | ) | |
| (3,185,472 | ) | |
| (195,364 | ) | |
| (23,152,258 | ) | |
| (744,493 | ) | |
| (23,896,751 | ) |
| Total assets | |
| 72,922,299 | | |
| 45,581,718 | | |
| 45,864,635 | | |
| 1,698,575 | | |
| 166,067,227 | | |
| 1,755,061 | | |
| 167,822,288 | |
Depreciation and
amortization | |
| 16,798,768 | | |
| 1,659,865 | | |
| 272,716 | | |
| 134,080 | | |
| 18,865,429 | | |
| — | | |
| 18,865,429 | |
| Capital expenditures | |
| 28,923,642 | | |
| 31,602,571 | | |
| — | | |
| — | | |
| 60,526,213 | | |
| — | | |
| 60,526,213 | |
| * | | Certain common
production overheads, operating and administrative expenses and asset items (mainly cash and certain office equipment) of bromine and
crude salt segments in SCHC were split by reference to the average selling price and production volume of the respective segment. |
|
| SCHEDULE OF SEGMENT COST |
SCHEDULE
OF SEGMENT COST
| Reconciliations | |
2025 | | |
2024
(Restated) | |
| | |
Years
Ended December 31, | |
| Reconciliations | |
2025 | | |
2024
(Restated) | |
| Total segment operating loss | |
$ | (7,118,494 | ) | |
$ | (21,504,076 | ) |
| Corporate costs | |
| (1,450,130 | ) | |
| (744,493 | ) |
| Unrealized gain (loss)
on translation of intercompany balance | |
| — | | |
| — | |
| Loss from operations | |
| (8,568,624 | ) | |
| (22,248,569 | ) |
| Interest income, net of expense | |
| 54,761 | | |
| (62,113 | ) |
| Other expense, net | |
| (4,003,497 | ) | |
| — | |
| Gain on disposal of subsidiary | |
| 674,776 | | |
| — | |
| Loss on disposal of long-lived assets | |
| (2,008,853 | ) | |
| (29,169,008 | ) |
| Impairment of long-lived
assets | |
| (30,068,794 | ) | |
| (6,772,500 | ) |
|