v3.25.1
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
   December 31, 2024   December 31, 2023 
         
Equipment  $3,433,543   $13,835,929 
Land   1,008,897    1,563,797 
Buildings   -    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
   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