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22. SEGMENT REPORTING: Schedule of Segment Reporting Information, by Segment (Tables) | 9 Months Ended
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Sep. 30, 2025
Tables/Schedules |
Schedule of Segment Reporting Information, by Segment | The following presents selected financial information with respect to our single reportable segment for the three and nine months ended September 30:
|  | Three |  | Three |  | Nine |  | Nine
|  | Months |  | Months |  | Months |  | Months
|  | Ended September 30, |  | Ended September 30, |  | Ended September 30, |  | Ended September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Net sales |  | `$``1,336,963` |  | `$``4,846,795` |  | `$``12,211,402` |  | `$``19,174,369`
Cost of goods sold |  | `2,387,726` |  | `4,750,839` |  | `14,105,226` |  | `18,994,553`
Gross margin |  | `(1,050,763)` |  | `95,956` |  | `(1,893,824)` |  | `179,816`
Operating expenses: |  |  |  |  |  |  |  |
General and administrative |  | `1,499,470` |  | `1,279,636` |  | `5,053,896` |  | `3,857,418`
Depreciation and amortization |  | `2,568` |  | `1,472` |  | `7,512` |  | `4,417`
Total operating expenses |  | `1,502,038` |  | `1,281,108` |  | `5,061,408` |  | `3,861,835`
Loss from operations |  | `(2,552,801)` |  | `(1,185,152)` |  | `(6,955,232)` |  | `(3,682,019)`
Other income (expense): |  |  |  |  |  |  |  |
Loss on issuance of private placement |  | `-` |  | `(1,935,934)` |  | `-` |  | `(1,935,934)`
Interest expense |  | `(1,059,148)` |  | `(1,320,115)` |  | `(2,250,324)` |  | `(4,773,663)`
Loss on extinguishment of debt |  | `(19,568)` |  | `-` |  | `(76,228)` |  | `(108,887)`
Gain on warrant valuation |  | `20,060` |  | `-` |  | `120,686` |  | `-`
Other income (expense) |  | `(8,553)` |  | `(4,059)` |  | `(1,872)` |  | `1,085`
Loss on disposal of assets |  | `(170,674)` |  | `-` |  | `(170,058)` |  | `(25,075)`
Other expense, net |  | `(1,237,883)` |  | `(3,260,108)` |  | `(2,377,796)` |  | `(6,842,474)`
Loss before provision for income taxes |  | `(3,790,684)` |  | `(4,445,260)` |  | `(9,333,028)` |  | `(10,524,493)`
Provision for income taxes |  | `-` |  | `-` |  | `-` |  | `-`
Net loss |  | `(3,790,684)` |  | `(4,445,260)` |  | `(9,333,028)` |  | `(10,524,493)`
Other comprehensive loss |  |  |  |  |  |  |  |
Exchange loss on translation of foreign operations |  | `964` |  | `-` |  | `(711)` |  | `(8,134)`
Net loss and comprehensive loss |  | `$``(3,789,720)` |  | `$``(4,445,260)` |  | `$``(9,333,739)` |  | `$``(10,532,627)`
Loss per common share |  |  |  |  |  |  |  |
Basic and diluted |  | `$``(0.17)` |  | `$``(0.25)` |  | `$``(0.44)` |  | `$``(0.59)`
Weighted average shares outstanding |  |  |  |  |  |  |  |
Basic and diluted |  | `22,949,421` |  | `17,819,356` |  | `21,274,059` |  | `17,819,356`
The segmented assets as of September 30, 2025 are as follows:
| Foreland Refining | 2020 Resource LLC | Total
Total Assets | `$``10,083,593` | `$``10,768,310` | `$``20,851,903`
The segmented assets as of December 31, 2024 are as follows:
| Foreland Refining | 2020 Resource LLC | Total
Total Assets | `$``15,065,555` | `$``11,881,688` | `$``26,947,243`

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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