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Investment In Unconsolidated Entities (Tables)
 9 Months Ended
Sep. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Investment in Unconsolidated Entities

 

 

September 30, 2025

 

 

December 31, 2024

 

Phosagmex, S.A.P.I. de C.V.

 

$

(984,114

)

 

$

—

 

CIC Limited

 

 

5,265,949

 

 

 

5,003,449

 

Ocean Minerals, LLC

 

 

4,582,593

 

 

 

4,882,330

 

Investment in unconsolidated entities

 

$

8,864,428

 

 

$

9,885,779

 

 
Schedule Of Financial Information

The following tables provide summarized financial information for OML, without adjustment for the Company’s percentage ownership, compiled from OML’s financial statements.

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Revenue

 

$

424,838

 

 

$

802,591

 

 

$

830,687

 

 

$

4,982,246

 

General expenses

 

$

(457,911

)

 

$

(1,086,969

)

 

$

(1,508,519

)

 

$

(3,160,477

)

Payroll expenses

 

$

(554,721

)

 

$

(633,204

)

 

$

(1,759,004

)

 

$

(1,852,828

)

Net (Loss) Income

 

$

(718,764

)

 

$

(2,001,915

)

 

$

(5,152,232

)

 

$

(2,925,000

)

 

 

 

As of

 

 

 

September 30, 2025

 

 

December 31, 2024

 

Total Assets

 

$

37,911,776

 

 

$

37,328,006

 

Total Liabilities

 

$

17,612,962

 

 

$

11,329,642