SEGMENT REPORTING

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 16 – SEGMENT REPORTING

Operating segments are components of an enterprise about which separate financial information is available and is evaluated regularly by management, namely the Chief Operating Decision Maker (“CODM”) of an organization, in order to determine operating and resource allocation decisions. By this definition, the Company has identified its COO as the CODM. The Company operates and reports in two segments: Trucking and Digester.

Trucking Segment: The Trucking Segment generates service revenues and incurs expenses by transporting environmental and other waste for customers.

Digester Segment: The Digester Segment primarily generates revenues and incurs expenses through the production and sale of ‘digester’ equipment to customers. The segment also generates revenue through related services such as digester maintenance and software services.

The Company believes that this structure reflects its current operational and financial management, and that it provides the best structure for the Company to focus on growth opportunities while maintaining financial discipline. The factors used to identify the Trucking and Digester operating segments were the difference in revenue streams and customer base for each segment, the reporting structure for operational and performance information within the Company, and management’s decision to organize the Company around the different revenue generating activities of the segments. Total revenues for each reportable segment is as follows:

	Three Months Ended		Three Months Ended
	March 31,		March 31,
	2024		2023
	$		$
Trucking		1,187,582		1,080,327
Digester		568,168		-
Corporate / Other		-		-
Total Company	$	1,755,750	$	1,080,327

Gross profit (loss) for each reportable segment was as follows:

	Three Months Ended			Three Months Ended
	March 31,			March 31,
	2024			2023
	$			$
Trucking		(278,887	)		(80,785	)
Digester		411,481			-
Corporate / Other		-			-
Total Company	$	132,594		$	(80,785	)

Net income (loss) before provision for income taxes for each reportable segment was as follows:

	Three Months Ended			Three Months Ended
	March 31,			March 31,
	2024			2023
	$			$
Trucking		(1,074,722	)		(682,297	)
Digester		69,068			-
Corporate / Other		(1,253,290	)		-
Total Company	$	(2,258,944	)	$	(682,297	)

Total assets, capital expenditures, and depreciation and amortization expense for each reportable segment was as follows:

	Assets				Capital expenditures				Depreciation and amortization (1)
	March 31,		December 31,		For the three months ended March 31,				For the three months ended March 31,
	2024		2023		2024		2023		2024		2023
Trucking	$	8,911,424	$	8,804,653	$	734,923	$	50,050	$	129,264	$	119,826
Digester		13,114,803		13,122,976		-		-		175,678		-
Corporate / Other		881,567		247,845		-		-		-		-
Total Company		22,907,794		22,175,474		734,923		50,050		304,942		119,826

(1) Depreciation and amortization expense of $112,076 and $113,407 for the three months ended March 31, 2024 and 2023, respectively is classified as cost of services on the consolidated income statement and included in the Trucking Segment depreciation and amortization because it is information reviewed by the CODM