6. PROPERTY, PLANT, AND EQUIPMENT

9 Months Ended

Sep. 30, 2025

Notes

6. PROPERTY, PLANT, AND EQUIPMENT

6.PROPERTY, PLANT, AND EQUIPMENT 

Property, plant, and equipment is comprised of the following:

		September 30,		December 31,
		2025		2024
Buildings	$	1,575,000	$	1,575,000
Machinery and equipment		6,124,970		6,090,886
Office furniture and equipment		34,401		9,873
		7,734,371		7,675,759
Less: Accumulated depreciation and amortization		(2,369,455)		(1,515,441)
	$	5,364,916	$	6,160,318

Eagle Springs Refinery consists of tanks, buildings, refining processing equipment, shop, lab and equipment. For Eagle Springs Refinery, each class of property, plant and equipment is estimated to have a useful life of 5 years and are being amortized over a straight-line basis.

Depreciation and amortization expense totaled $316,530 and $250,153 for the three months ended September 30, 2025 and 2024, and $873,984 and $589,267 for the nine months ended September 30, 2025 and 2024, respectively.