INVESTMENTS

3 Months Ended

Mar. 31, 2026

Equity Method Investments and Joint Ventures [Abstract]

INVESTMENTS

7. INVESTMENTS

The Company’s investments at March 31, 2026 and December 31, 2025 consisted of the following:

	March 31, 2026		December 31, 2025
Investments, at cost:
Trio Opportunity Corp., 47,000 non-voting Class B shares	$	470,000	$	470,000
Investment, equity method:
Florida-based LLC		1,530,236		1,584,324
Total	$	2,000,236	$	2,054,324

In January 2019, the Company invested in a Florida based LLC that is engaged in international sales of fertilizer additives. According to the operating agreement, the Company had a 50% interest in the profit and loss of the Florida based LLC but did not have control. In August 2024, the Company sold a 30.1% interest in the Florida based LLC to a third party for consideration of $2,000,000. In addition, the Company entered into a subsequent agreement for the sale of its remaining 19.9% interest over the next five years for an additional $4,000,000. Starting in 2025, the Company will sell a further 3.98% per year upon receipt of that year’s $800,000 payment. In December 2025, the purchaser advised that there would be a delay in funding the 2025 tranche and that they would pay the $100,000 penalty in January 2026. This payment was made by the Florida based LLC, and not the third party, and was applied to the outstanding Accounts Receivable due from the Florida based LLC. At March 31, 2026, the Company continues to account for this investment using the equity investment as it exercises significant influence.

A summary of the activity associated with the Company’s investment in the Florida based LLC during the three months ended March 31, 2026 and the year ended December 31, 2025 is follows:

Balance, December 31, 2024 – 19.9% interest	$	1,454,381
Company’s proportionate share of earnings		129,943
Balance, December 31, 2025 – 19.9% interest	$	1,584,324
Company’s proportionate share of loss		(54,088	)
Balance, March 31, 2026 – 19.9% interest	$	1,530,236

Summarized profit and loss information related to the Florida based LLC is as follows:

	Three months ended March 31, 2026			Three months ended March 31, 2025
Net sales	$	1,620,695		$	3,443,030
Gross profit	$	323,949		$	1,094,892
Net income (loss)	$	(271,797	)	$	321,229

During the three months ended March 31, 2026, the Company had sales of $498,418 (2025 - $1,856,395) to the Florida based LLC. At March 31, 2026, the Florida based LLC had a balance of $592,188 included within Accounts Receivable (December 31, 2025 - $980,638).