CURRENT ASSETS

6 Months Ended

Jun. 30, 2026

Current Assets

CURRENT ASSETS

NOTE 4. CURRENT ASSETS

Cash and Cash Equivalents

For purposes of the statements of cash flows, in accordance with ASC 230-10-20, the Company considers all highly liquid investments and short-term debt instruments with original maturities of three months or less to be cash equivalents. There were $150,012 and $426,585 in cash and cash equivalents as of June 30, 2026, and December 31, 2025, respectively.

	June 30, 2026		December 31, 2025
Cash and Cash Equivalents
Cash in hand		81,003		120,950
Cash at bank		69,009		305,635
Total	$	150,012	$	426,585

Accounts Receivables

Accounts receivable arises from our subsidiary Al Shola Gas consolidated as of June 30, 2026. The duration of such receivables extends from 30 days to beyond 90 days. Payments are received only when a project milestone is completed, and approvals are obtained, or after the goods or services are transferred and according to the payment terms with the customer. Provisions are created based on the estimated irrecoverable amounts determined by referring to past default experience.

Accounts Receivables Ageing Al Shola Gas	June 30, 2026		December 31, 2025
1-30 days		940,573		1,653,097
31-60 days		624,441		1,235,778
61-90 days		529,561		895,583
+90 days		3,240,920		1,522,913
Total		5,335,496		5,307,371

Other Current Assets

As of June 30, 2026, and December 31, 2025, the Company reported Other Current Assets of $493,525 and $493,525, respectively. The $493,525 balance represents an amount due from Ilustrato, a former majority shareholder and related party of the Company. Effective December 31, 2025, this balance was reclassified to Other Current Assets, as Ilustrato is no longer considered a related party of the Company.

Related Party Receivable

The Company’s majority-owned subsidiary, Al Shola Gas, has an affiliate, Al Shola Al Modea Safety and Security LLC (“Al Shola Safety”), an established fire safety company registered in the United Arab Emirates. While both entities operate independently, there is a limited overlap in their customer base. In certain instances, customers may remit payment for goods or services provided by both companies to only one of the entities. These transactions are recorded as related party transactions on the transaction date and are reconciled monthly between the respective related party accounts. As of June 30, 2026, the outstanding receivable from Al Shola Safety was $369,977.