NON-CONTROLLING INTERESTS

9 Months Ended

Sep. 30, 2025

Noncontrolling Interest [Abstract]

NON-CONTROLLING INTERESTS

11. NON-CONTROLLING INTERESTS

(a) ENP Investments is a limited liability corporation (“LLC”) that manufactures and distributes golf, turf and ornamental agriculture products in Mendota, Illinois. The Company owns a 65% interest in ENP Investments through its wholly-owned subsidiary NanoChem. An unrelated party (“NCI”) owns the remaining 35% interest in ENP Investments. ENP Mendota is a wholly owned subsidiary of ENP Investments. ENP Mendota is a LLC that leases warehouse space. For financial reporting purposes, the assets, liabilities and earnings of both of the LLC’s are consolidated into these condensed interim consolidated financial statements. The NCI’s ownership interest in ENP Investments is recorded in non-controlling interests in these condensed interim consolidated financial statements. The non-controlling interest represents NCI’s interest in the earnings and equity of ENP Investments. ENP Investments is allocated to the TPA segment. See Note 12.

ENP Investments makes cash distributions to its equity owners based on formulas defined within its Ownership Interest Purchase Agreement dated October 1, 2018. Distributions are defined in the Ownership Interest Purchase Agreement as cash on hand to the extent it exceeds current and anticipated long-term and short-term needs, including, without limitation, needs for operating expenses, debt service, acquisitions, reserves, and mandatory distributions, if any.

From the effective date of acquisition onward, the minimum distributions requirements under the Ownership Interest Purchase Agreement were satisfied. The total distribution from the effective date of acquisition onward was $4,350,314.

Balance, December 31, 2023	$	2,901,199
Distribution		(794,722	)
Non-controlling interest share of income		1,164,037
Balance, December 31, 2024		3,270,514
Distribution		(329,635	)
Non-controlling interest share of income		1,095,139
Balance, September 30, 2025	$	4,036,018

During the three months ended September 30, 2025, the Company had sales of $5,116,815 (2024 - $2,812,736) to the NCI and during the nine months ended September 30, 2025, the Company had sales of $7,041,541 (2024 - $5,238,881) to the NCI, of which $4,898,789 is included in Accounts Receivable as of September 30, 2025 (December 31, 2024 – $5,377,088).

b) 317 Mendota is a LLC that owns real estate that the Company occupies part of while renting out the excess. The Company owns a 80% interest in 317 Mendota and an unrelated party (“317 NCI”) owns the remaining 20% interest in 317 Mendota. For financial reporting purposes, the assets, liabilities and earnings of 317 Mendota are consolidated into these condensed interim financial statements and the 317 NCI’s ownership interest in 317 Mendota is recorded in non-controlling interests in these condensed interim consolidated financial statements. The non-controlling interest represents 317 NCI’s interest in the earnings and equity of 317 Mendota. 317 Mendota is allocated to the TPA segment as that is the intended use of the building. See Note 13.

Balance, December 31, 2023	$	164,517
Non-controlling interest share of income (loss)		(100,977	)
Balance, December 31, 2024		63,540
Non-controlling interest share of income (loss)		(75,078	)
Balance, September 30, 2025	$	(11,538	)