XML 51 R39.htm IDEA: XBRL DOCUMENT v3.25.3
Loans and Notes Payable (Details 1) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Total Notes Payable- related parties $ 14,621,610 $ 21,810,164
Loans and notes payable, current- related parties 9,088,504 21,810,164
Loans and notes payable, long term- related parties 5,533,106
Jorgan Development LLC [Member]    
Debt Instrument [Line Items]    
Total Notes Payable- related parties 3,469,246 18,109,503
Ballengee Holdings, LLC [Member]    
Debt Instrument [Line Items]    
Total Notes Payable- related parties 2,354,303 1,391,650
James Ballengee [Member]    
Debt Instrument [Line Items]    
Total Notes Payable- related parties 500,000  
Tyler Nelson [Member]    
Debt Instrument [Line Items]    
Total Notes Payable- related parties 742,868 1,020,872
Meridian Equipment Leasing, LLC [Member]    
Debt Instrument [Line Items]    
Total Notes Payable- related parties [1] 2,246,516
Meridian Equipment Leasing, LLC 1 [Member]    
Debt Instrument [Line Items]    
Total Notes Payable- related parties [1] 4,832,325  
Triple T Trading Company LLC [Member]    
Debt Instrument [Line Items]    
Total Notes Payable- related parties 476,352 404,121
Waskom, LLC [Member]    
Debt Instrument [Line Items]    
Total Notes Payable- related parties [2] $ 884,018
[1] In connection with the divestiture, the Company became directly obligated for a related-party note payable totaling $5,040,545 that had previously been recorded at the subsidiary level. The liability was transferred to the Company and remains outstanding as a related-party obligation and is included within notes payable as of September 30, 2025. In addition, the Company assumed $2,302,696 of related-party debt owed to Meridian Equipment Leasing, LLC in connection with the Company’s purchase of assets from Meridian following the divestiture. All three notes mature in August of 2028 and have a twelve percent interest rate.
[2] As part of the divestiture of Meridian Equipment Leasing, LLC and Equipment Transport, LLC completed on July 30, 2025, the Company derecognized approximately $16,314,410 of third party note payables to Pilot OFS Holdings LLC and $8,938,836 to Business First Bank, and $1,079,287 of related party note payable to Waskom LLC.