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Segment Reporting
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting

Note 9 – Segment Reporting

 

The Company operates as a single reportable segment, as the Chief Operating Decision Maker (“CODM”), The Chief Executive Officer (“CEO”), evaluates the business on a consolidated basis and does not receive discrete financial information for multiple Business units.

 

Measure of Segment Profit or Loss

 

The CODM assesses the Company’s financial performance based on operating loss, which aligns with the amount reported in the statements of comprehensive loss. The following table presents a reconciliation of segment operating loss to net loss for the three-months period ended March 31, 2026 and 2025:

 

   2026   2025 
Operating expenses          
General and administrative expenses  $275,866   $389,349 
Research and development   19,033    142,793 
           
Total operating expenses   294,899    532,142 
           
Loss from operations   (294,899)   (532,142)
           
Other expense          
Interest expense   (149,233)   (151,499)
           
Total other expense   (149,233)   (151,499)
           
Net Loss  $(444,132)  $(683,641)

 

Significant Segment Expenses

 

The Company considers the following as significant expenses in evaluating it segment performance:

 

General and administrative expenses: includes personnel costs, professional fees and other overhead expenses.

 

Research and development: includes payments made to UTA under Sponsored Research Agreements to perform research and development on the Company’s reformers and other aspects of the process to convert natural gas to high value fuels, chemicals and water and the purchase of a G-Reformer.

 

Interest expense: interest expense on notes payable issued over a period of many years to fund the Company’s operations.

 

Chief Operating Decision Maker (CODM)

 

The CODM of the Company is CEO, who is responsible for evaluating financial results and making resource allocation decisions.