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Investment In Unconsolidated Entities (Tables)
 3 Months Ended
Mar. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Investment in Unconsolidated Entities

 

 

March 31, 2025

 

 

December 31, 2024

 

CIC Limited

 

$

5,115,949

 

 

$

5,003,449

 

Ocean Minerals, LLC

 

 

4,835,966

 

 

 

4,882,330

 

Chatham Rock Phosphate, Limited

 

 

—

 

 

 

—

 

Neptune Minerals, Inc.

 

 

—

 

 

 

—

 

Investment in unconsolidated entities

 

$

9,951,915

 

 

$

9,885,779

 
Schedule Of Financial Information

The following tables provide summarized financial information for OML, the Company’s equity method accounted investee, not adjusted for the percentage ownership of the Company, compiled from OML’s financial statements, reported on a three-month lag period with an estimate of the most recent quarter results.

 

 

 

Three Months Ended

 

 

 

March 31, 2025

 

 

March 31, 2024

 

Revenue

 

$

373,698

 

 

$

46,838

 

General expenses

 

$

(743,425

)

 

$

(581,098

)

Payroll expenses

 

$

(601,720

)

 

$

(613,947

)

Net Loss

 

$

(1,682,685

)

 

$

(1,808,198

)

 

 

 

As of

 

 

 

March 31, 2025

 

 

December 31, 2024

 

Total Assets

 

$

36,919,969

 

 

$

37,328,006

 

Total Liabilities

 

$

14,952,415

 

 

$

11,329,642