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Customer Relationships, Net and Goodwill (Tables)
 12 Months Ended
Dec. 31, 2024
Customer Relationships Net And Goodwill  
Schedule of customer relationships
                                               
    December 31, 2024     December 31, 2023  
    Gross
Carrying
Amount		     Accumulated
Amortization		     Net Book
Value		     Gross
Carrying
Amount		     Accumulated
Amortization		     Net Book
Value		  
Oil Storage Agreement   $ 7,387,054     $ (1,895,793 )   $ 5,491,261     $ 7,387,054     $ (1,111,327 )   $ 6,275,727  
Crude Petroleum Supply Agreement     9,401,706       (2,412,823 )     6,988,883       9,401,706       (1,414,412 )     7,987,294  
Customer relationships     31,304,400       (763,522 )     30,540,878       -       -       -  
Total customer relationships   $ 48,093,160     $ (5,072,138 )   $ 43,021,022     $ 16,788,760     $ (2,525,739 )   $ 14,263,021  
Schedule of goodwill
       
    Goodwill  
January 1, 2023   $ 12,678,108  
Business combination(1)     2,306,660  
December 31, 2023   $ 14,984,768  
Business combination(2)     53,901,085  
December 31, 2024   $ 68,885,853  

 

 
(1) The measurement of assets acquired and liabilities assumed in the business combination is based on preliminary estimates made by management and subject to adjustment within twelve months. Management hired a valuation expert who performed a valuation study to calculate the fair value of the acquired assets, assumed liabilities and goodwill within twelve months. Based on the valuation study, we increased the fair value of goodwill and decreased the value of the acquired contracts by $2.3 million in 2024.
(2) See Note 4 for a description of the goodwill associated with the business combination that closed on October 1, 2024.