BUSINESS OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
| Accounting Policies [Abstract] |
|
| SCHEDULE OF REVENUE EARNED OVERTIME COMPARED TO A POINT IN TIME |
Revenue
earned over time compared to a point in time is as follows for the years ended December 31, 2024 and 2023.
SCHEDULE
OF REVENUE EARNED OVERTIME COMPARED TO A POINT IN TIME
| | |
Year
ended December 31, 2024 | | |
Year
ended December 31, 2023 | |
| | |
| | |
| |
| Earned over time | |
$ | 2,059,401 | | |
$ | 2,824,387 | |
| Point in time | |
| 6,951,680 | | |
| 16,521,919 | |
| Total revenue | |
$ | 9,011,081 | | |
$ | 19,346,306 | |
|
| SCHEDULE OF CONTRACT ASSETS |
Details
of contract assets arising from reclamation contracts in process as of December 31, 2024 and 2023 are as follows:
SCHEDULE
OF CONTRACT ASSETS
December
31, 2024
| | |
| | |
| Costs incurred on contracts in
progress | |
$ | 1,513,306 | |
| Estimated earnings | |
| 1,168 | |
| Revenue earned on contracts in progress | |
| 1,514,474 | |
| Less:
Billings to date | |
| (1,360,120 | ) |
| Total contract assets | |
$ | 154,354 | |
December
31, 2023
| | |
| | |
| Costs incurred on contracts in
progress | |
$ | 425,634 | |
| Estimated earnings | |
| 340,528 | |
| Revenue earned on contracts in progress | |
| 766,162 | |
| Less:
Billings to date | |
| (518,852 | ) |
| Total contract assets | |
$ | 247,310 | |
|
| SCHEDULE OF PROPERTY AND EQUIPMENT |
SCHEDULE
OF PROPERTY AND EQUIPMENT
| | |
December
31, 2024 | | |
December
31, 2023 | |
| | |
| | |
| |
| Equipment | |
$ | 3,433,543 | | |
$ | 13,835,929 | |
| Land | |
| 1,008,897 | | |
| 1,563,797 | |
| Buildings | |
| - | | |
| 199,500 | |
| Property and equipment, gross | |
| - | | |
| 199,500 | |
| Accumulated depreciation | |
| (2,542,771 | ) | |
| (2,297,324 | ) |
| Net book value | |
| 1,899,669 | | |
| 13,301,902 | |
| Depreciation expense | |
$ | 1,868,997 | | |
$ | 1,781,573 | |
|
| SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE |
SCHEDULE
OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE
| | |
December
31, 2024 | | |
December
31, 2023 | |
| Options | |
| 11,594,210 | | |
| 11,392,544 | |
| Warrants | |
| 3,166,667 | | |
| 3,313,335 | |
| Total | |
| 14,760,877 | | |
| 14,705,879 | |
| Anti-dilutive loss per share | |
| 14,760,877 | | |
| 14,705,879 | |
|