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Intangible Assets | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2026 | Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |  |
Intangible Assets | Note 8. Intangible Assets Intangible assets consisted of the following:
Schedule of intangible assets |  |  |  |  |  |  |  |
|  | March 31, 2026 |  |  | December 31, 2025 |
Intangible assets, gross |  | $ | 16,498,587 |  |  | $ | 16,498,587 |
Accumulated amortization |  |  | (9,182,297 | ) |  |  | (8,975,815 | )
Intangible assets, net |  | $ | 7,316,290 |  |  | $ | 7,522,772 |
Customer relationship intangible assets consisted of the following:
Customer relationships, gross |  | $ | 48,093,160 |  |  | $ | 48,093,160 |
Accumulated amortization |  |  | (11,097,708 | ) |  |  | (9,909,103 | )
Customer relationships, net |  | $ | 36,995,452 |  |  | $ | 38,184,057 |
Amortization expense was approximately $1,395,088 and $2,303,957 for the three months ended March 31, 2026 and 2025, respectively. The Company evaluates long-lived assets and intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. No impairment charges related to intangible assets were recorded during the three months ended March 31, 2026. Goodwill was fully impaired during the year ended December 31, 2025. Accordingly, the Company had no goodwill recorded as of March 31, 2026 or December 31, 2025. | Note 8. Intangible Assets and Goodwill The following table sets forth the components of the Company’s intangible assets at December 31, 2025 and 2024:
Schedule of intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2025 |  |  | December 31, 2024 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |
Extraction Technology Patents |  |  | 16,385,157 |  |  |  | (8,943,565 | ) |  |  | 7,441,592 |  |  |  | 16,385,157 |  |  |  | (8,124,307 | ) |  |  | 8,260,850 |
Extraction Technology Patents |  |  | 113,430 |  |  |  | (32,250 | ) |  |  | 81,180 |  |  |  | 113,430 |  |  |  | (25,577 | ) |  |  | 87,853 |
Total Intangible Assets |  | $ | 16,498,587 |  |  | $ | (8,975,815 | ) |  | $ | 7,522,772 |  |  | $ | 16,498,587 |  |  | $ | (8,149,884 | ) |  | $ | 8,348,703 |
The following table sets forth the components of the Company’s customer relationships at December 31, 2025 and 2024:
Schedule of customer relationships |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2025 |  |  | December 31, 2024 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |
Oil Storage Agreement |  | $ | 7,387,054 |  |  | $ | (2,680,259 | ) |  | $ | 4,706,795 |  |  | $ | 7,387,054 |  |  | $ | (1,895,793 | ) |  | $ | 5,491,261 |
Crude Petroleum Supply Agreement |  |  | 9,401,706 |  |  |  | (3,411,234 | ) |  |  | 5,990,472 |  |  |  | 9,401,706 |  |  |  | (2,412,823 | ) |  |  | 6,988,883 |
Customer Relationships |  |  | 31,304,400 |  |  |  | (3,817,610 | ) |  |  | 27,486,790 |  |  |  | 31,304,400 |  |  |  | (763,522 | ) |  |  | 30,540,878 |
Total Customer Relationships |  | $ | 48,093,160 |  |  | $ | (9,909,103 | ) |  | $ | 38,184,057 |  |  | $ | 48,093,160 |  |  | $ | (5,072,138 | ) |  | $ | 43,021,022 |
Amortization expense was $5,662,895 and $2,438,382 for the years ended December 31, 2025 and 2024 respectively. The table that follows summarizes estimated amortization expense for the Company’s current intangible assets:
Schedule of summarizes estimated amortization expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Estimated |
Intangible Assets |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | 2029 |  |  | 2030 |
Amortization Expense |  | $ | 5,580,353 |  |  | $ | 5,580,353 |  |  | $ | 5,580,353 |  |  | $ | 5,580,353 |  |  | $ | 5,580,353 |
For the year ended December 31, 2024, the Company recorded an impairment loss of $8,632,773 related primarily to its Kuwait RPC assets and associated intangible assets, including $7,047,179 related to RPC assets and $1,530,496 related to an exclusive license agreement for nanosponge technology. No impairment of long-lived assets was recorded during the year ended December 31, 2025. No goodwill impairment was recorded during the years ended December 31, 2024. During the year ended December 31, 2025, the Company reduced goodwill by $28,316,081 in connection with the divestiture of certain business units. Additional information regarding the divestiture activities is included in Note 4 - Business Combination and Divestiture of Wholly Owned Subsidiaries. In addition, the Company determined that the remaining goodwill was impaired and recorded an impairment charge of $40,569,772, resulting in a full impairment of goodwill as of December 31, 2025. As of December 31, 2025 and 2024, the changes in the carrying amount of goodwill are as follows:
Schedule of goodwill |  |  |  |
|  | Goodwill |
January 1, 2024 |  | $ | 14,984,768 |
Business combination |  |  | 53,901,085 |
December 31, 2024 |  | $ | 68,885,853 |
Divestiture of wholly owned subsidiaries |  |  | (28,316,081 | )
Impairment |  |  | (40,569,772 | )
Balance at December 31, 2025 |  | $ | - |
See Note 4 - Business Combination and Divestiture of Wholly Owned Subsidiaries for additional information.

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