20. DISAGGREGATED REVENUE

9 Months Ended

Sep. 30, 2025

Notes

20. DISAGGREGATED REVENUE

20.DISAGGREGATED REVENUE 

Revenue consisted of the following refined product types sold domestically in the Southwest USA region for the three and nine months ended September 30:

	Three Months		Three Months		Nine Months		Nine Months
	Ended		Ended		Ended		Ended
	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
Diesel	$328,729	$	1,992,239	$	3,911,820	$	7,311,109
Liquid Asphalt	757,664		1,360,534		4,880,933		5,533,302
VGO	197,671		1,233,791		3,128,448		4,708,459
Naphtha	38,822		260,231		235,035		1,600,825
Other	14,077		-		55,166		20,674
	$1,336,963	$	4,846,795	$	12,211,402	$	19,174,369

The Company refines crude oil to produce several key products, including Diesel, Liquid Asphalt, Vacuum Gas Oil (VGO), and Naphtha, each with distinct industrial applications. Diesel is used primarily in transportation and industrial sectors, while Liquid Asphalt is essential for road construction and roofing. VGO serves as an intermediate product for further refining, and Naphtha is used as a feedstock for gasoline production and petrochemicals.