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SEGMENT REPORTING (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENT REPORTING INFORMATION

A reconciliation of net loss for the reportable segments to the applicable line items within the accompanying consolidated statements of operations is as follows.

 

SCHEDULE OF SEGMENT REPORTING INFORMATION

          
   Three Months Ended
March 31, 2026		 
   O&G   Renewables   Total 
Revenue  $132,965   $-   $132,965 
                
Segment expense:               
General and administrative expenses   -    4,582,553    4,582,553 
Research and development costs   -    208,787    208,787 
Operating lease expense and severance tax   125,662    -    125,662 
Adjusted segment operating income (loss)   7,303    (4,791,340)   (4,784,037)
                
Reconciliation of “Adjusted segment operating income (loss)” to “Loss before income taxes”               
Depreciation, depletion and amortization   64,749    5,453    70,202 
Write off of application costs incurred on abandoned patent applications   -    283,927    283,927 
Interest expense   -    158,985    158,985 
Interest income   -    (67,564)   (67,564)
Foreign currency gain   -    (483)   (483)
Loss before income taxes  $(57,446)  $(5,171,658)  $(5,229,104)

 

 

          
   Three Months Ended
March 31, 2025		 
   O&G   Renewables   Total 
Revenue  $    -   $-   $- 
Segment expense:               
General and administrative expenses   -    992,599    992,599 
Research and development costs   -    607,368    607,368 
Adjusted segment operating loss   -    (1,599,967)   (1,599,967)
                
Reconciliation of “Adjusted segment operating loss” to “Loss before income taxes”               
Depreciation and amortization   -    4,218    4,218 
Interest expense   -    98,630    98,630 
Grant income   -    (691,207)   (691,207)
Changes in fair value of warrant liability   -    5,453    5,453 
Foreign currency gain   -    (6,449)   (6,449)
Loss before income taxes  $-   $(1,010,612)  $(1,010,612)

 

Oil and gas revenues and expenses for the legacy HUSA business have been included in the statement of operations from July 1, 2025. See Note 4 – Acquisition above.

 

         
    Three Months Ended
March 31,		  
    2026     2025  
Depreciation, depletion and amortization:                
O&G   $ 64,749     $ -  
Renewables     5,453       4,218  
Consolidated depreciation, depletion and amortization expense   $ 70,202     $ 4,218  

 

       
   March 31, 2026   December 31, 2025 
Assets:          
O&G  $759,743   $794,963 
Renewables   44,865,783    31,060,466 
Total assets of reportable segments  $45,625,526   $31,855,429