Accounting policies (Tables)

3 Months Ended

Mar. 31, 2025

Accounting policies

Schedule of Disaggregation of revenue

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

	Three Months Ended March 31,
	2025		2024
Retail revenue	$	9,411,342	$	8,624,938
Bulk revenue		8,411,716		8,342,094
Services revenue		10,078,268		17,417,611
Manufacturing revenue		5,814,059		5,304,747
Total revenue	$	33,715,385	$	39,689,390

Services revenue consists of the following:

	Three Months Ended March 31,
	2025		2024
Construction revenue	$	2,218,230	$	9,203,662
Operations and maintenance revenue		7,725,298		7,099,354
Design and consulting revenue		134,740		1,114,595
Total services revenue	$	10,078,268	$	17,417,611

Summary of revenue recognized and amounts billed on contracts in progress

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

	March 31,		December 31,
	2025		2024
Revenue recognized to date on contracts in progress	$	111,400,995	$	114,590,991
Amounts billed to date on contracts in progress		(117,315,578)		(121,833,354)
Retainage		3,030,454		2,585,952
Net contract asset /(liability)	$	(2,884,129)	$	(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:

	March 31,		December 31,
	2025		2024
Contract assets	$	9,517,668	$	4,470,243
Contract liabilities		(12,401,797)		(9,126,654)
Net contract asset /(liability)	$	(2,884,129)	$	(4,656,411)