ABUNDIA GLOBAL IMPACT GROUP, INC. Segments Disclosure

NOTE 5 – SEGMENT REPORTING

 

Upon completion of the Share Exchange, the Company re-evaluated its reporting segments. The Company’s determination of reporting segments was made on the basis of its operations, products, and the economic characteristics of each of its operating segments and corresponds to the manner in which its Chief Operating Decision Maker (“CODM”) reviews and evaluates performance to make decisions about resources to be allocated to the segment. As a result, the Company’s segment structure has been reassessed and now reflects the Company’s legacy O&G operations as well as its newly added emerging renewables initiatives (“Renewables”).

 

The O&G segment generates revenue from oil and gas operations whereas Renewables is in the pre-revenue stage, primarily incurring research and development and start-up costs associated with its development of scalable technologies for converting plastic and biomass waste into renewable fuels and chemicals. The CODM is a committee including the Company’s Chief Executive Officer, Chief Operating Officer, and Chief Financial Officer.

 

The Company measures and evaluates its reportable segments based on their respective adjusted net income (loss), general and administrative expenses, research and development costs, and professional fees. The Company excludes certain corporate-related expenses and certain transactions or adjustments that the CODM considers to be non-operational, such as changes in fair value of warrant liabilities, restructuring charges, interest expense and income and amounts related to depreciation, depletion and amortization expense. Although these amounts are excluded, they are included in reported Loss before income taxes within the accompanying audited consolidated statements of operations and are included in the reconciliation below. The CODM uses segment adjusted net loss in the budget and forecasting process and to monitor budgets versus actual results, which are used in assessing the performance of the reportable segments and to allocate resources across the reportable segments. The balance sheet is presented on a consolidated basis, as the CODM does not use segment specific asset or liability information, including fixed assets, to assess performance. As a result, segment asset and liability details are disclosed at the aggregate level.

 

 

A reconciliation of net loss for the reportable segments to the applicable line items within the accompanying consolidated statements of operations is as follows.

 

SCHEDULE OF SEGMENT REPORTING INFORMATION

		Year Ended December 31, 2025
		O&G				Renewables				Total
Revenue		$	410,632			$	-			$	410,632
Segment expense:
General and administrative expenses			-				10,584,333				10,584,333
Research and development costs			-				752,287				752,287
Operating lease expense and severance tax			221,053				-				221,053
Adjusted segment operating income (loss)			189,579				(11,336,620	)			(11,147,041	)
Reconciliation of “Adjusted segment operating income (loss)” to “Loss before income taxes”
Depreciation, depletion and amortization			192,311				16,754				209,065
Success fee paid on Share Exchange by controlling shareholder			-				12,390,253				12,390,253
Shares issued as commitment fee for equity line of credit			-				3,342,000				3,342,000
Impairment of technology licenses			-				1,115,000				1,115,000
Impairment of oil and gas assets			431,900				-				431,900
Write off of application costs on abandoned patent applications			-				112,128				112,128
Interest expense			-				625,599				625,599
Loss on debt extinguishment			-				880,379				880,379
Interest income			-				(25,370	)			(25,370	)
Grant income			-				(737,811	)			(737,811	)
Change in fair value of warranty liability			-				(45,965	)			(45,965	)
Foreign currency loss			-				16,716				16,716
Loss before income taxes		$	(434,632	)		$	(29,026,303	)		$	(29,460,935	)

 

		O&G				Renewables				Total
		Year Ended December 31, 2024
		O&G				Renewables				Total
Revenue		$	-			$	-			$	-
Segment expense:
General and administrative expenses			-				2,440,150				2,440,150
Research and development costs			-				1,651,170				1,651,170
Adjusted segment operating loss			-				4,091,320				4,091,320
Reconciliation of “Adjusted segment operating loss” to “Loss before income taxes”
Depreciation and amortization			-				15,507				15,507
Provision for loss on convertible note receivable			-				2,942,029				2,942,029
Impairment of technology license			-				1,000,000				1,000,000
Interest expense			-				401,096				401,096
Interest income			-				(242,459	)			(242,459	)
Grant income			-				(2,545,783	)			(2,545,783	)
Changes in fair value of warrant liability			-				(2,084,150	)			(2,084,150	)
Foreign currency loss			-				44,388				44,388
Loss before income taxes		$	-			$	(3,621,948	)		$	(3,621,948	)

 

 

		2025				2024
		Year Ended December 31,
		2025				2024
Depreciation, depletion and amortization:
O&G		$	192,311			$	-
Renewables			16,754				15,507
Consolidated depreciation, depletion and amortization expense		$	209,065			$	15,507

 

		2025				2024
		As of December 31,
		2025				2024
Assets:
O&G		$	794,963			$	-
Renewables			31,060,466				4,114,688
Total assets of reportable segments		$	31,855,429			$	4,114,688