SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2025

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 15 – SEGMENT INFORMATION 

In its operation of the business, management, including our chief operating decision maker, who is also our CEO, reviews certain financial information, including segmented internal profit and loss statements. All the revenue generating activity is undertaken and assets are held in eastern Kentucky, Indiana, and Limpopo, South Africa.

For all of the segments, the CODM uses segment operating income (loss) in the annual budgeting and forecasting process. The CODM considers profit measures when making decisions about allocating capital and personnel to the segments. The CODM also uses segment operating income to assess the performance for each segment by comparing the results and return on assets of each segment with one another.

As the Company’s business units continue to mature and commercialize, management evaluates its operating and reportable segments on a quarterly basis. During the third quarter of 2025, the Company realigned its internal reporting structure to better reflect how the CODM assesses performance and allocates resources. This resulted in a change in the Company’s reportable segments to provide greater transparency into its operations. The change has no impact on the consolidated financial statements, and prior period segment information has been recast to conform to the current period presentation.

During the periods presented, we reported our financial performance based on the following segments: Corporate, Royalty Management Corporation (RMC), RMC Environmental Services (RMCES) and Vault Holding Corporation (Vault).

Our reportable segments are described below.

Corporate - Includes metal recovery revenue and direct cost of sales related to the maintenance of mining operations in connection with the Share Exchange Agreement with Quest Energy. In addition, certain costs areincurred at a corporate level and allocated to our segments. These allocated costs generally include corporate overhead and administrative support costs incurred as a part of a corporate program. Each allocation ismeasured differently based on the specific facts and circumstances of the costs being allocated and is generally based on relative gross margin or relative headcount.

RMC – To invest or purchase assets that have near and medium-term income potential to provide RMC with accretive cash flow from which it can reinvest in new assets or expand cash flow from those existing assets.

RMCES – Environmental services business that supports residential, municipal, and commercial development.

Vault – Holds a contract to manage the electrical power account for a coal mining complex in Perry County, Kentucky. The Company plans to leverage this power infrastructure to support digital currency operations, including hosting or managing mining activities.

The accounting policies of our reportable segments are the same as those described in the “Summary of Significant Accounting Policies” for the Company.

Revenue and costs are generally directly attributed to our segments. However, due to the integrated structure of our business, certain revenue recognized and costs incurred by one segment may benefit other segments.

The tables below present information about reported segments for the three and nine months ending:

	Three Months Ended September 30, 2025
	Corporate - RMHC			Royalty Management Corporation - Investments			RMC Environmental Services		Vault Holding Corporation			Consolidated
Revenues	$	-		$	9,889		$	1,277,925	$	15,000		$	1,302,814
Gross Profit		-			9,889			121,247		15,000			146,136
Operating Income (Loss)	$	(125,017	)	$	(15,970	)	$	48,285	$	(5,668	)	$	(98,370	)

	Nine Months Ended September 30, 2025
	Corporate - RMHC			Royalty Management Corporation - Investments			RMC Environmental Services		Vault Holding Corporation			Consolidated
Revenues	$	-		$	29,668		$	3,478,551	$	45,000		$	3,553,219
Gross Profit		-			29,668			554,663		45,000			629,331
Operating Income (Loss)	$	(508,942	)	$	(87,712	)	$	357,266	$	(18,341	)	$	(257,729	)

	Three Months Ended September 30, 2024
	Corporate - RMHC			Royalty Management Corporation - Investments			RMC Environmental Services		Vault Holding Corporation			Consolidated
Revenues	$	-		$	11,123		$	119,510	$	15,000		$	145,633
Gross Profit		-			11,123			114,050		15,000			140,173
Operating Income (Loss)	$	(118,221	)	$	(94,585	)	$	49,067	$	(5,732	)	$	(169,471	)

	Nine Months Ended September 30, 2024
	Corporate - RMHC			Royalty Management Corporation - Investments			RMC Environmental Services		Vault Holding Corporation			Consolidated
Revenues	$	-		$	33,326		$	483,630	$	45,000		$	561,956
Gross Profit		-			33,326			462,098		45,000			540,424
Operating Income (Loss)	$	(428,754	)	$	(128,838	)	$	286,972	$	(19,952	)	$	(290,572	)

A reconciliation of total segment revenues to total consolidated revenues and of total segment gross margin and segment operating income (loss) to total consolidated income (loss), for the three and nine months ended September 30, 2025 and 2024, is as follows:

	For the Three Months Ended September 30, 2025
	Corporate - RMHC			Royalty Management  Corporation - Investments			RMC Environmental Services			Vault Holding Corporation			Consolidated
Environmental Services	$	-		$	-		$	1,277,925		$	-		$	1,277,925
Fee Income		-			2,389			-			-			2,389
Rental Income		-			7,500			-			15,000			22,500
Total Revenue	$	-		$	9,889		$	1,277,925		$	15,000		$	1,302,814
Cost of Revenue		-			-			(1,156,678	)		-			(1,156,678	)
Gross Profit		-			9,889			121,247			15,000			146,136
Intangibles Amortization Expense		-			(14,211	)		-			-			(14,211	)
Depreciation Expense		-			-			-			(396	)		(396	)
General and Administrative Expenses		(97,886	)		(11,648	)		(72,962	)		(18,022	)		(200,518	)
Professional fees		(27,131	)		-			-			(2,250	)		(29,381	)
Total Operating Expenses		(125,017	)		25,859			(72,962	)		(20,668	)		(244,506	)
Segment Net Income (Loss) from Operations	$	(125,017	)	$	(15,970	)	$	48,285		$	(5,668	)	$	(98,370	)
Reconciliation to Net Income (Loss):
Other Income (Expense)
Interest income		-			39,283			-			-			39,283
Income from Investment		-			4,603			-			-			4,603
Gain (Loss) on Warrant Fair Value Adjustment		(149,710	)		-			-			-			(149,710	)
Interest Expense		-			(4,901	)		-			-			(4,901	)
Total Other Income (Expense)		(149,710	)		38,985			-			-			(110,725	)
Net Income (Loss)	$	(274,727	)	$	23,015		$	48,285		$	(5,668	)	$	(209,095	)

	For the Nine Months Ended September 30, 2025
	Corporate - RMHC			Royalty Management Corporation - Investments			RMC Environmental Services			Vault Holding Corporation			Consolidated
Environmental Services	$	-		$	-		$	3,478,551		$	-		$	3,478,551
Fee Income		-			7,168			-			-			7,168
Rental Income		-			22,500			-			45,000			67,500
Total Revenue	$	-		$	29,668		$	3,478,551		$	45,000		$	3,553,219
Cost of Revenue		-			-			(2,923,888	)		-			(2,923,888	)
Gross Profit		-			29,668			554,663			45000			629,331
Intangibles Amortization Expense		-			(42,634	)		-			-			(42,634	)
Depreciation Expense		-			-			-			(1,189	)		(1,189	)
General and Administrative Expenses		(294,264	)		(74,746	)		(197,398	)		(49,746	)		(616,154	)
Professional fees		(214,678	)		-			-			(12,405	)		(227,083	)
Total Operating Expenses		(508,942	)		(117,380	)		(197,398	)		(63,340	)		(887,060	)
Segment Net Income (Loss) from Operations	$	(508,942	)	$	(87,712	)	$	357,265		$	(18,340	)	$	(257,729	)
Reconciliation to Net Income (Loss):
Other Income (Expense)
Interest income		-			116,499			-			-			116,499
Income from Investment		-			9,447			-			-			9,447
Gain (Loss) on Warrant Fair Value Adjustment		(166,520	)		-			-			-			(166,520	)
Interest Expense		-			(19,075	)		-						(19,075	)
Total Other Income (Expense)		(166,520	)		106,871			-			-			(59,649	)
Net Income (Loss)	$	(675,462	)	$	19,159		$	357,265		$	(18,340	)	$	(317,378	)

	For the Three Months Ended September 30, 2024
	Corporate - RMHC			Royalty Management Corporation - Investments			RMC Environmental Services			Vault Holding Corporation			Consolidated
Environmental Services	$	-			-			119,510			-		$	119,510
Fee Income		-			3,623			-			-			3,623
Rental Income		-			7,500			-			15,000			22,500
Total Revenue	$	-		$	11,123		$	119,510		$	15,000		$	145,633
Cost of Revenue		-			-			(5,460	)		-			(5,460	)
Gross Profit		-			11,123			114,050			15,000			140,173
Intangibles Amortization Expense		-			(14,211	)		-			-			(14,211	)
Depreciation Expense		-			-			-			(396	)		(396	)
General and Administrative Expenses		(72,985	)		(91,497	)		(63,783	)		(12,985	)		(241,250	)
Professional fees		(45,237	)		-			(1,200	)		(7,350	)		(53,787	)
Total Operating Expenses		(118,222	)		(105,708	)		(64,983	)		(20,731	)		(309,644	)
Segment Net Income (Loss) from Operations	$	(118,222	)	$	(94,585	)	$	49,067		$	(5,731	)	$	(169,471	)
Reconciliation to Net Income (Loss):
Other Income (Expense)
Interest income		-			39,090			-			-			39,090
Income from Investment		-			1,382			-			-			1,382
Gain (Loss) on Warrant Fair Value Adjustment		37,296			-			-			-			37,296
Interest Expense		-			(27,453	)		-			-			(27,453	)
Total Other Income (Expense)		37,296			13,019			-			-			50,315
Net Income (Loss)	$	(80,926	)	$	(81,566	)	$	49,067		$	(5,731	)	$	(119,156	)

	For the Nine Months Ended
	September 30, 2024
	Corporate - RMHC			Royalty Management Corporation - Investments			RMC Environmental Services			Vault Holding Corporation			Consolidated
Environmental Services	$	-		$	-			483,630			-			483,630
Fee Income		-			10,826			-			-			10,286
Rental Income		-			22,500			-			45,000			67,500
Total Revenue	$	-		$	33,326		$	483,630		$	45,000		$	561,956
Cost of Revenue		-			-			(21,532	)		-			(21,532	)
Gross Profit		-			33,326			462,098			45,000			540,424
Intangibles Amortization Expense		-			(42,634	)		-			-			(42,634	)
Depreciation Expense		-			-			-			(1,189	)		(1,189	)
General and Administrative Expenses		(218,763	)		(119,530	)		(173,926	)		(43,566	)		(555,785	)
Professional Fees		(209,991	)		-			(1,200	)		(20,197	)		(231,388	)
Total Operating Expenses		(428,754	)		(162,164	)		(175,126	)		(64,952	)		(830,996	)
Segment Net Income (Loss) from Operations	$	(428,754	)	$	(128,838	)	$	286,972		$	(19,952	)	$	(290,572	)
Reconciliation to Net Income (Loss):
Other Income (Expense)
Interest income		-			112,314			-			-			112,314
Income from Investment		-			4,074			-			-			4,074
Gain (Loss) on Warrant Fair Value Adjustment		219,464			-			-			-			219,464
Interest Expense		-			(128,440	)								(128,440	)
Total Other Income (Expense)		219,464			(12,052	)		-			-			207,412
Net Income (Loss)	$	(209,290	)	$	(140,890	)	$	286,972		$	(19,952	)	$	(83,160	)

Assets are not allocated to segments for internal reporting presentations. Total assets, by segment were as follows:

	September 30, 2025		December 31, 2024
Corporate - RMHC	$	22,473	$	316
Royalty Management Corporation - Investments		13,207,352		13,058,839
RMC Environmental Services		3,120,220		342,346
Vault Holding Corporation		1,667,548		1,639,163
Consolidated	$	18,017,593	$	15,040,664