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Note 2 - Acquisition of Hexas Biomass Inc.
 3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Business Combination [Text Block]

NOTE 2                  ACQUISITION OF HEXAS BIOMASS INC.

 

On December 4, 2025, the Company's majority-owned subsidiary, Bioleum, and the Hexas shareholders entered into a Stock Purchase Agreement to acquire 100% of the issued and outstanding equity and voting shares of Hexas. For the three-months ended March 31, 2026, Hexas recognized no revenue and incurred a loss of $97,556.

 

The pro forma financial information below represents the combined results of operations. For the three-months ended March 31, 2025, as if the acquisition had occurred on January 1, 2025. The pro forma financial information is presented for informational purposes only and is neither indicative of the results of operations that would have occurred if the acquisition had taken place at the beginning of the period presented nor indicative of future operating results.

 

   

March 31, 2025

  

Revenue

   $ 785,815  

Net loss

   $ (9,324,108 )