Disposition of Subsidiary	3 Months Ended
Mar. 31, 2024
Disposition Of Subsidiary
Disposition of Subsidiary	9. Disposition of Subsidiary On January 1, 2024, the Company entered into an agreement with Flagstaff International, LLC under which Flagstaff committed to invest $4,000,000 in Victory in exchange for Victory Preferred Stock and the transfer to Pro-Tech Holdings of all equity interests held by Victory in Pro-Tech Hardbanding Services, Inc. On January 1, 2024, Victory completed the sale of Pro-Tech to Flagstaff International, LLC, a Delaware limited liability company. As result of the sale, the Company recorded $328,794 as a loss on disposition of Pro-Tech.

Disposition of Subsidiary

3 Months Ended

Mar. 31, 2024

9. Disposition of Subsidiary

On January 1, 2024, the Company entered into an agreement with Flagstaff International, LLC under which Flagstaff committed to invest $4,000,000 in Victory in exchange for Victory Preferred Stock and the transfer to Pro-Tech Holdings of all equity interests held by Victory in Pro-Tech Hardbanding Services, Inc.

On January 1, 2024, Victory completed the sale of Pro-Tech to Flagstaff International, LLC, a Delaware limited liability company. As result of the sale, the Company recorded $328,794 as a loss on disposition of Pro-Tech.

VICTORY CLEAN ENERGY, INC. 10-Q