Accounting policies (Tables)

6 Months Ended

Jun. 30, 2025

Accounting policies

Schedule of Disaggregation of revenue

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Retail revenue	$	8,638,026	$	8,181,884	$	18,049,368	$	16,806,822
Bulk revenue		8,274,816		8,447,958		16,686,532		16,790,052
Services revenue		11,448,202		11,922,469		21,526,470		29,340,080
Manufacturing revenue		5,230,035		3,926,847		11,044,094		9,231,594
Total revenue	$	33,591,079	$	32,479,158	$	67,306,464	$	72,168,548

Services revenue consists of the following:

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Construction revenue	$	2,825,935	$	4,004,072	$	5,044,167	$	13,381,536
Operations and maintenance revenue		8,255,408		7,068,922		15,980,704		14,168,275
Design and consulting revenue		366,859		849,475		501,599		1,790,269
Total services revenue	$	11,448,202	$	11,922,469	$	21,526,470	$	29,340,080

Summary of revenue recognized and amounts billed on contracts in progress

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

	June 30,		December 31,
	2025		2024
Revenue recognized to date on contracts in progress	$	112,905,596	$	114,590,991
Amounts billed to date on contracts in progress		(122,213,705)		(121,833,354)
Retainage		2,168,473		2,585,952
Net contract liability	$	(7,139,636)	$	(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:

	June 30,		December 31,
	2025		2024
Contract assets	$	5,759,030	$	4,470,243
Contract liabilities		(12,898,666)		(9,126,654)
Net contract liability	$	(7,139,636)	$	(4,656,411)