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ACQUISITION | 3 Months Ended
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Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
ACQUISITION | NOTE 4 – ACQUISITION On July 1, 2025, as contemplated by the Share Exchange Agreement, the Company acquired all of the outstanding units of AGIG LLC from the AGIG Unitholders in exchange for issuing to the AGIG Unitholders an aggregate of 31,778,032 shares of Common Stock, which was equal to 94% of the sum of (a) the aggregate issued and outstanding Common Stock at the time of the closing, plus (b) all Common Stock approved for issuance by the Company under a future equity incentive plan at the time of the closing. Total consideration transferred was $21.7 million. The Share Exchange was accounted for as a reverse acquisition in accordance with GAAP within ASC Topic 805, Business Combinations (“ASC 805”), whereby AGIG LLC, the legal acquiree, is considered the accounting acquirer and the Company, the legal acquirer, is treated as the acquired company for financial reporting purposes. AGIG LLC was considered the accounting acquirer as its controlling shareholder, Abundia Financial, will hold approximately 84.9% of the issued and outstanding common stock and was deemed a controlling shareholder of the Company following the Share Exchange. We recorded the assets acquired and liabilities assumed at their respective fair values as of the closing date of the Share Exchange. The preliminary purchase price allocations were comprised of the components presented below, which represent the preliminary determination of the fair value of the assets acquired and liabilities assumed, with the excess of the purchase price over the fair value of net identifiable assets acquired recorded to goodwill. The final determination of the fair value of certain assets and liabilities and the allocation of goodwill to reporting units will be completed within the measurement period in accordance with FASB ASC Topic 805. The preliminary purchase price allocation is as follows: SCHEDULE OF ACQUISITION
Fair value of net assets acquired |  |  |  |
Fair value of net assets acquired |  |  |  |
Cash and cash equivalents |  | $ | 6,951,006 |
Accounts receivable |  |  | 32,906 |
Prepaid expenses - others |  |  | 483,810 |
Oil and gas properties, full cost method |  |  | 1,362,248 |
Refundable acquisition deposit |  |  | 160,000 |
Other assets |  |  | 3,167 |
Goodwill |  |  | 12,986,150 |
Total Assets Acquired |  |  | 21,979,287 |
Accounts payable and accrued liabilities |  |  | (193,266 | )
Other payables |  |  | (19,581 | )
Asset retirement obligation |  |  | (32,248 | )
Total Liabilities Assumed |  |  | (245,095 | )
Total Purchase Price |  | $ | 21,734,192 |
Goodwill resulting from the Share Exchange reflects the benefits expected to be gained from the Company’s public company status and governance infrastructure which will enable the Company to gain access to public sources of capital that can then be used in the deployment and development of their suite of technologies that will assist in the evolution of fuel, chemical and waste markets, providing commercial alternatives and sustainable products. The goodwill arising on the Share Exchange is not deductible for tax purposes. The Company incurred $13,081,201 of acquisition-related expenses related to the transaction during the year ended December 31, 2025, $12,390,253 of this was a success fee paid by the controlling shareholder on behalf of the Company, the remaining $690,948 of acquisition-related expenses are included in general and administrative expenses. No further acquisition-related expenses were incurred during the three months ended March 31, 2026. The operating results of the Company’s legacy business were included in the consolidated results of operations from the date of the Share Exchange. The consolidated financial statements for the year ended December 31, 2025 include revenues and net loss of $410,632 and $20,152,734, respectively, for the period from the closing date of the Share Exchange through December 31, 2025. The following unaudited pro forma financial information presents the combined results of operations for the Company and AGIG for the three months ended March 31, 2025 The unaudited condensed consolidated pro forma results of operations are as follows: SCHEDULE OF PRO FORMA FINANCIAL INFORMATION
|  | 2025 |
|  | Three Months Ended March 31, 2025 |
Revenue |  | $ | 102,345 |
Net loss |  | $ | (19,783,723 | )
The unaudited pro forma combined financial information presented above has been prepared from historical financial statements that have been adjusted to give effect to the transaction as though it had occurred on January 1, 2025, and includes adjustments for acquisition and other transaction costs. The unaudited pro forma financial information is not intended to reflect the actual results of operations that would have occurred if the transaction had occurred on January 1, 2025, nor is it indicative of future operating results.

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- Definition The entire disclosure for asset acquisition. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Section 15 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480123/805-50-15-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/805-50/tableOfContent + Details
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- References No definition available. + Details
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