22. SEGMENT REPORTING: Schedule of Segment Reporting Information, by Segment (Tables)

9 Months Ended

Sep. 30, 2025

Tables/Schedules

Schedule of Segment Reporting Information, by Segment

The following presents selected financial information with respect to our single reportable segment for the three and nine months ended September 30:

	Three	Three	Nine	Nine
	Months	Months	Months	Months
	Ended September 30,	Ended September 30,	Ended September 30,	Ended September 30,
	2025	2024	2025	2024
Net sales	$1,336,963	$4,846,795	$12,211,402	$19,174,369
Cost of goods sold	2,387,726	4,750,839	14,105,226	18,994,553
Gross margin	(1,050,763)	95,956	(1,893,824)	179,816
Operating expenses:
General and administrative	1,499,470	1,279,636	5,053,896	3,857,418
Depreciation and amortization	2,568	1,472	7,512	4,417
Total operating expenses	1,502,038	1,281,108	5,061,408	3,861,835
Loss from operations	(2,552,801)	(1,185,152)	(6,955,232)	(3,682,019)
Other income (expense):
Loss on issuance of private placement	-	(1,935,934)	-	(1,935,934)
Interest expense	(1,059,148)	(1,320,115)	(2,250,324)	(4,773,663)
Loss on extinguishment of debt	(19,568)	-	(76,228)	(108,887)
Gain on warrant valuation	20,060	-	120,686	-
Other income (expense)	(8,553)	(4,059)	(1,872)	1,085
Loss on disposal of assets	(170,674)	-	(170,058)	(25,075)
Other expense, net	(1,237,883)	(3,260,108)	(2,377,796)	(6,842,474)
Loss before provision for income taxes	(3,790,684)	(4,445,260)	(9,333,028)	(10,524,493)
Provision for income taxes	-	-	-	-
Net loss	(3,790,684)	(4,445,260)	(9,333,028)	(10,524,493)
Other comprehensive loss
Exchange loss on translation of foreign operations	964	-	(711)	(8,134)
Net loss and comprehensive loss	$(3,789,720)	$(4,445,260)	$(9,333,739)	$(10,532,627)
Loss per common share
Basic and diluted	$(0.17)	$(0.25)	$(0.44)	$(0.59)
Weighted average shares outstanding
Basic and diluted	22,949,421	17,819,356	21,274,059	17,819,356

The segmented assets as of September 30, 2025 are as follows:

	Foreland Refining	2020 Resource LLC	Total
Total Assets	$10,083,593	$10,768,310	$20,851,903

The segmented assets as of December 31, 2024 are as follows:

	Foreland Refining	2020 Resource LLC	Total
Total Assets	$15,065,555	$11,881,688	$26,947,243