Accounting policies (Tables)

9 Months Ended

Sep. 30, 2025

Accounting policies

Schedule of Disaggregation of revenue

The following table presents the Company’s revenue disaggregated by revenue source.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Retail revenue	$	7,770,344	$	7,585,992	$	25,819,712	$	24,392,814
Bulk revenue		8,394,614		8,767,168		25,081,146		25,557,220
Services revenue		14,289,315		12,677,837		35,815,785		42,017,917
Manufacturing revenue		4,664,433		4,359,560		15,708,527		13,591,154
Total revenue	$	35,118,706	$	33,390,557	$	102,425,170	$	105,559,105

Services revenue consists of the following:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Construction revenue	$	6,360,333	$	4,251,237	$	11,404,500	$	17,632,772
Operations and maintenance revenue		7,715,000		7,492,121		23,695,704		21,660,396
Design and consulting revenue		213,982		934,479		715,581		2,724,749
Total services revenue	$	14,289,315	$	12,677,837	$	35,815,785	$	42,017,917

Summary of revenue recognized and amounts billed on contracts in progress

Revenue recognized and amounts billed on contracts in progress are summarized as follows:

	September 30,		December 31,
	2025		2024
Revenue recognized to date on contracts in progress	$	123,685,220	$	114,590,991
Amounts billed to date on contracts in progress		(131,049,672)		(121,833,354)
Retainage		2,414,307		2,585,952
Net contract liability	$	(4,950,145)	$	(4,656,411)

Summary of net balances of billings reflected in the accompanying consolidated balance sheet

The above net balances are reflected in the accompanying condensed consolidated balance sheets as follows:

	September 30,		December 31,
	2025		2024
Contract assets	$	6,731,861	$	4,470,243
Contract liabilities		(11,682,006)		(9,126,654)
Net contract liability	$	(4,950,145)	$	(4,656,411)