NEXTNRG, INC. Segments Disclosure
Note 12 – Segment Reporting
The Company operates in two reportable segments: Energy Infrastructure and Mobile Fuel Delivery. The Company’s segments were determined based on the economic characteristics of its products and services, its internal organizational structure, the manner in which operations are managed and the criteria used by the Company’s CODM to evaluate performance, which include revenue, gross margin, and operating profit.
Mobile Fueling
The Company’s mobile fueling segment provides on-demand fuel delivery services through a growing fleet of fuel trucks operating across a national footprint. These operations serve commercial fleets and other customers, offering a more efficient, time-saving alternative to traditional fueling stations. The Company is integrating sustainable energy solutions into its fueling operations, with the goal of assisting customers in transitioning to electric vehicles and incorporating advanced technologies such as wireless EV charging to enhance service efficiency and support the adoption of clean energy.
Energy Infrastructure
The Company’s energy infrastructure segment focuses on the development, deployment, and operation of AI/ML-powered smart microgrids, solar energy systems, battery storage, and wireless EV charging solutions. These systems are designed to improve grid resiliency, optimize energy use, reduce costs, and increase access to reliable, sustainable power for commercial, industrial, municipal, and tribal customers. Revenue is generated primarily through power purchase agreements, leases, and technology licensing, with projects spanning utility-scale installations, community energy systems, and integration of distributed energy resources.
The following tables present certain financial information related to our reportable segments:
| As of December 31, 2025 | ||||||||||||
| Energy | Mobile Fuel | |||||||||||
| Infrastructure | Delivery | Total | ||||||||||
| Cash | $ | 52,973 | $ | 331,167 | $ | 384,140 | ||||||
| Accounts receivable – net | 2,039,214 | 2,039,214 | ||||||||||
| Inventory | 609,861 | 609,861 | ||||||||||
| Prepaids and other | 609 | 152,222 | 152,831 | |||||||||
| Property and equipment – net | 42,875 | 6,791,043 | 6,833,918 | |||||||||
| Operating lease - right-of-use asset | 608,170 | 608,170 | ||||||||||
| Operating lease - right-of-use asset - related party | 208,354 | 208,354 | ||||||||||
| Deposits | 226,865 | 226,865 | ||||||||||
| Total Assets | $ | 96,457 | $ | 10,966,896 | $ | 11,063,353 | ||||||
| As of December 31, 2024 | ||||||||||||
| Energy | Mobile Fuel | |||||||||||
| Infrastructure | Delivery | Total | ||||||||||
| Cash | 1,173,818 | 438,299 | 1,612,117 | |||||||||
| Accounts receivable - net | 1,614,664 | 1,614,664 | ||||||||||
| Inventory | 126,400 | 126,400 | ||||||||||
| Prepaids and other | 42,509 | 42,509 | ||||||||||
| Property and equipment - net | 63,833 | 7,475,674 | 7,539,507 | |||||||||
| Intangible assets - net | 5,053,332 | 5,053,332 | ||||||||||
| Deposit on future asset purchase | 2,035,283 | 2,035,283 | ||||||||||
| Project Deposit | 3,929,161 | 3,929,161 | ||||||||||
| Operating lease - right-of-use asset | 61,151 | 61,151 | ||||||||||
| Operating lease - right-of-use asset - related party | 314,957 | 314,957 | ||||||||||
| Deposits | 49,041 | 49,041 | ||||||||||
| Total Assets | 12,255,427 | 10,122,695 | 22,378,122 | |||||||||
| For the Year Ended December 31, 2025 | ||||||||||||
| Energy | Mobile Fuel | |||||||||||
| Infrastructure | Delivery | Total | ||||||||||
| Sales - net | 81,835,279 | 81,835,279 | ||||||||||
| Cost of sales | 74,928,249 | 74,928,249 | ||||||||||
| General and administrative expenses | 5,906,284 | 59,968,176 | 65,874,460 | |||||||||
| Depreciation and amortization | 541,246 | 2,148,047 | 2,689,293 | |||||||||
| Impairment loss | 8,535,825 | 8,535,825 | ||||||||||
| Total costs and expenses | 14,983,355 | 62,116,223 | 77,099,578 | |||||||||
| Interest income | 8 | 8 | ||||||||||
| Other income | 75,750 | 74,433 | 150,183 | |||||||||
| Gain (loss) on settlement of liabilities | (862,661 | ) | (862,661 | ) | ||||||||
| Interest expense (including amortization of debt discount) | (3,856,361 | ) | (13,414,618 | ) | (17,270,979 | ) | ||||||
| Total other income (expense) - net | (3,780,603 | ) | (14,202,846 | ) | (17,983,449 | ) | ||||||
| Net loss | (18,763,958 | ) | (69,412,039 | ) | (88,175,997 | ) | ||||||
| For the Year Ended December 31, 2024 | ||||||||||||
| Energy | Mobile Fuel | |||||||||||
| Infrastructure | Delivery | Total | ||||||||||
| Sales - net | 27,770,279 | 27,770,279 | ||||||||||
| Cost of sales | (25,983,342 | ) | (25,983,342 | ) | ||||||||
| General and administrative expenses | (3,965,118 | ) | (8,501,596 | ) | (12,466,714 | ) | ||||||
| Depreciation and amortization | (466,283 | ) | (1,079,523 | ) | (1,545,806 | ) | ||||||
| Total costs and expenses | (4,431,401 | ) | (35,564,461 | ) | (39,995,862 | ) | ||||||
| Interest income | 283,206 | 283,206 | ||||||||||
| Other income | 305,030 | 305,030 | ||||||||||
| Gain (loss) on settlement of liabilities | (907,500 | ) | (907,500 | ) | ||||||||
| Interest expense (including amortization of debt discount) | (9,367,915 | ) | (9,367,915 | ) | ||||||||
| Total other income (expense) - net | (9,687,192 | ) | (9,687,192 | ) | ||||||||
| Net loss | (14,118,593 | ) | (7,278,040 | ) | (21,396,633 | ) | ||||||
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.