Risk Factors Update Summary
- Revenue to date primarily from one AirSCWO unit, with $1,318,117 in related party expenses.
- Failure to deliver AirSCWO unit in Q2 2024 could adversely affect the company.
- Transition from Merrell Bros. to internal manufacturing could lead to operational efficiencies and cost savings.
- Reliance on single supplier for AirSCWO systems could delay production and harm business.
- Stock price ranged between $1.01 and $4.94 per share from 2022 to 2023.
- Principal stockholders, officers, and directors beneficially own approximately 56.43% of common stock.
- The company raised approximately $13.4 million in net proceeds from the sale of common stock in 2023.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=933972&owner=exclude
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