XML 23 R12.htm IDEA: XBRL DOCUMENT v3.25.2
NOTE 6 – INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
NOTE 6 – INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

 

Intangible assets at June 30, 2025 and December 31, 2024 consisted of the following:

 

2025            
  Useful life  Gross carrying amount  Accumulated amortization  Net carrying amount
New gas regulator intangible  Not yet in service  $99,592  $—     $99,592
Interconnection agreements  16 years   7,700,000   (601,564)   7,098,436
      $7,799,592  $(601,564)  $7,198,028

 

2024            
   Useful life  Gross carrying amount  Accumulated amortization  Net carrying amount
New gas regulator intangible  Not yet in service  $ 99,592  $—     $99,592
Interconnection agreements  16 years    7,700,000   (360,938)   7,339,062
      $ 7,799,592  $(360,938)  $7,438,654

 

Amortization expense for the six months ended June 30, 2025 and 2024 amounted to $240,626 and $0, respectively.

 

The following table outlines the estimated future amortization expense as of June 30, 2025:

 

 Years ending December 31

       
2025 (6 months remaining)   $240,624 
2026    481,250 
2027    481,250 
2028    481,250 
2029    481,250 
Thereafter    4,932,812 
    $7,098,436