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Property and Equipment | 3 Months Ended
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Mar. 31, 2023
Property, Plant and Equipment [Abstract] |
Property and Equipment | Note 7. Property and Equipment The following table sets forth the components of the Company’s property and equipment at March 31, 2023 and December 31, 2022:
Schedule of property and equipment, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | March 31, 2023 |  |  | December 31, 2022 |
|  | Gross Carrying Amount |  |  | Accumulated Depreciation |  |  | Net Book Value |  |  | Gross Carrying Amount |  |  | Accumulated Depreciation |  |  | Net Book Value |
Office furniture |  | $ | 14,998 |  |  | $ | 6,390 |  |  | $ | 8,608 |  |  | $ | 14,998 |  |  | $ | 5,912 |  |  | $ | 9,086 |
Vehicles |  |  | 36,432 |  |  |  | 27,931 |  |  |  | 8,501 |  |  |  | 36,432 |  |  |  | 26,110 |  |  |  | 10,322 |
Equipment |  |  | 942,880 |  |  |  | 330,706 |  |  |  | 612,174 |  |  |  | 942,880 |  |  |  | 295,855 |  |  |  | 647,025 |
Property |  |  | 17,000 |  |  |  | - |  |  |  | 17,000 |  |  |  | 17,000 |  |  |  | - |  |  |  | 17,000 |
Finance lease- Right of use assets |  |  | 3,579,544 |  |  |  | 611,192 |  |  |  | 2,968,352 |  |  |  | 3,579,544 |  |  |  | 349,253 |  |  |  | 3,230,291 |
Construction in process: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wash Plant Facilities |  |  | 1,087,376 |  |  |  | - |  |  |  | 1,087,376 |  |  |  | 199,800 |  |  |  | - |  |  |  | 199,800 |
Cavitation device |  |  | 44,603 |  |  |  | - |  |  |  | 44,603 |  |  |  | 44,603 |  |  |  | - |  |  |  | 44,603 |
Remediation Processing Unit 1 |  |  | 4,438,006 |  |  |  | - |  |  |  | 4,438,006 |  |  |  | 4,396,753 |  |  |  | - |  |  |  | 4,396,753 |
Remediation Processing Unit 2 |  |  | 6,591,144 |  |  |  | - |  |  |  | 6,591,144 |  |  |  | 6,285,547 |  |  |  | - |  |  |  | 6,285,547 |
Remediation Processing Unit System A |  |  | 4,019,475 |  |  |  | - |  |  |  | 4,019,475 |  |  |  | 3,893,051 |  |  |  | - |  |  |  | 3,893,051 |
Remediation Processing Unit System B |  |  | 4,012,997 |  |  |  | - |  |  |  | 4,012,997 |  |  |  | 3,845,398 |  |  |  | - |  |  |  | 3,845,398 |
Total fixed assets |  | $ | 24,784,455 |  |  | $ | 976,219 |  |  | $ | 23,808,236 |  |  | $ | 23,256,006 |  |  | $ | 677,130 |  |  | $ | 22,578,876 |
For the three months ended March 31, 2023 and 2022 depreciation expense was $37,151 and $2,890. For the three months ended March 31, 2023 and 2022 capitalized interest to equipment from debt financing was $237,978 and $488,014. Equipment that is currently being manufactured is considered construction in process and is not depreciated until the equipment is placed into service. Equipment that is temporarily not in service is not depreciated until placed into service. The operations surrounding our precious metals extraction services were temporarily suspended until recently, although due to these suspended activities and a shift in 2022 of the Company’s focus to the oil and gas industry, we have realized an impairment loss of $6,269,998 surrounding the extraction machinery for the year ended December 31, 2022. As of December 31, 2022 we continued to pursue a test facility or third party reactor for our nano catalyst technology that facilitates chemical manufacturing, with a focus on the production of ammonia, which includes our bioreactor equipment. The Company received recent quotes for testing or building our own test facilities with new partners for this venture. After taking into consideration this new information, we noted that the newly requested capital expenditure to test and scale the business triggered an impairment loss of assets related to our ammonia synthesis assets, including our bioreactors. The impairment loss related to our bioreactors was $1,440,000 for the year ended December 31, 2022. There was no impairment loss during the three months ended March 31, 2023

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