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NOTE 6 – INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
NOTE 6 – INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

 

Intangible assets at September 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    (721,877)   6,978,123 
      $7,799,592   $(721,877)  $7,077,715 

 

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 nine months ended September 30, 2025 and 2024 amounted to $360,938 and $0, respectively.

 

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

           
2025 (3 months remaining)   $120,312 
2026    481,250 
2027    481,250 
2028    481,250 
2029    481,250 
Thereafter    4,932,811 
    $6,978,123