INCOME AND OTHER TAXES (Tables)

12 Months Ended

Dec. 31, 2025

INCOME AND OTHER TAXES

Schedule of components of loss before income taxes

	Years ended December 31,
	2025		2024
Domestic	$	(1,091,499)	$	(1,009,939)
Foreign		(3,248,027)		(720,465)
Loss before income taxes	$	(4,339,526)	$	(1,730,404)

Schedule of income tax reconciliation

	Year ended December 31, 2025
	$		%
U.S. federal statutory tax benefit	$	(911,000)	21.0	%
State tax effects
State income tax, net of federal benefit (1)		(46,000)	1.1	%
Montana worldwide election and apportionment		(99,000)	2.3	%
Foreign tax effects
Mexico
Impact of change in foreign exchange rate		(370,000)	8.5	%
Foreign tax rate difference		(255,000)	5.9	%
Inflation indexation of net operating loss carryforwards		(150,000)	3.5	%
Expiration of net operating loss carryforwards		761,000	(17.5)	%
Adjustment for prior year tax estimate		(76,000)	1.8	%
Release of valuation allowance due to net operating loss expiration		(761,000)	17.5	%
Change in valuation allowance		1,491,000	(34.4)	%
Other		(46,000)	1.1	%
Canada
Change in valuation allowance		110,000	(2.6)	%
Other		(23,000)	0.5	%
Change in valuation allowance		623,000	(14.4)	%
Nontaxable or nondeductible items
Share-based compensation		188,000	(4.4)	%
Excess tax benefits from stock-based compensation		(674,000)	15.6	%
Other adjustments
Adjustment for prior year tax estimate		230,000	(5.3)	%
Other		8,000	(0.2)	%
Total income tax expense	$	—	—	%

⁽¹⁾ State taxes in Montana made up the majority (greater than 50 percent) of the tax effect in this category.

	Year ended
	December 31,
	2024
U.S. federal statutory tax provision (benefit)	$	(363,000)
State income tax provision (benefit) net		(30,000)
Foreign taxes		(63,000)
VAT refund reserve and other non-deductible items		257,000
Adjustment for prior year tax estimate to actual-domestic		155,000
Adjustment for prior year tax estimate to actual-foreign		63,000
Share-based compensation		21,000
Impact on change in foreign exchange rate		532,000
Change in valuation allowance - Domestic		57,000
Change in valuation allowance - Foreign		(629,000)
Total income tax expense	$	—

Schedule of net deferred tax assets and liabilities

	As of December 31,
	2025		2024
Deferred tax asset:
Domestic net operating loss carry forward	$	1,303,000	$	692,000
Foreign net operating loss carry forward		2,945,000		2,255,000
Share-based compensation		1,045,000		67,000
Other		224,000		93,000
		5,517,000		3,107,000
Valuation allowance (domestic)		(908,000)		(285,000)
Valuation allowance (foreign)		(2,945,000)		(2,255,000)
Total deferred tax asset		1,664,000		567,000
Deferred tax liability:
Property, plant, and equipment		(882,000)		(567,000)
Investment in equity securities		(782,000)		—
Total deferred tax liability		(1,664,000)		(567,000)
Net deferred tax asset after valuation allowance	$	—	$	—

Schedule of changes in the valuation allowance

	Year ended
	December 31,
	2025
Balance at beginning of period	$	2,255,000
Change in valuation allowance - Mexico		1,491,000
Change in valuation allowance - Canada		110,000
Release of valuation allowance due to NOL expiration		(761,000)
Inflation indexation of net operating loss carryforwards		(150,000)
Balance at end of period	$	2,945,000