Overview
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- TickerOCLN on OTC2
- IndustrySpecial Industry Machinery, NEC2
- HeadquartersLos Angeles, United States2
- Incorporated inNV3
- Business address600 Cleveland St, Suite 307, Clearwater, Fl 337553
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation2
- LEI54930034ONG73GD2K7802
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O National Registered Agents, Inc. of NV, 89701 Carson City, United States2
- Registered withBusiness Center (Secretary of State), E0382762007-22
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PWT: This unit generates the largest portion of the Company’s revenue by providing engineered water treatment solutions and custom treatment systems.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Equipment Contracts brought in 87% of the revenue ORIGINCLEAR, INC. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Equipment Contracts | $3.1M | $5.9M |
| Pump Stations | $733.4K | |
| Services Sales | $99.2K | $137.8K |
| Component Sales | $1.3M | $125 |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue76¢$5.2M
- Other costs24¢$1.6M
Out of $6.8M in revenue.6 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $6.8M | $4.4M |
| Cost of revenue | $5.2M | $2.9M |
| Gross (loss) profit | $1.6M | $1.5M |
| Selling and marketing | $1.3M | $2.7M |
| General and administrative | $3.6M | $5.0M |
| Total Operating expenses | $4.9M | $7.7M |
| Loss from Operations | -$3.3M | -$6.2M |
| Gain (loss) on conversion of debt | -$8.3M | $118.5K |
| Gain (loss) on preferred stock conversion | -$75.0K | |
| Gain (loss) on issuance of promissory notes | -$873.1K | |
| Impairment of receivable - SPAC | -$2.4M | |
| Gain (loss) on extinguishment of payables | -$513.3K | $30.6K |
| Gain/Loss on exchange of stock | -$452.5K | |
| Unrealized (loss) gain - investment securities | -$31.0K | -$4.5K |
| Preferred stock incentive expense | -$861.1K | |
| Loss on share settlement | -$104.0K | |
| Debt conversion adjustment - note purchase agreements | -$1.9M | |
| Gain on common stock redemption | $1.0M | $1.9M |
| Loss on debt conversion | -$1.7M | |
| Change in derivate liability and debt conversions | $2.5M | -$6.9M |
| Interest and dividend expense | -$1.3M | -$2.7M |
| TOTAL OTHER EXPENSE | -$10.7M | -$11.8M |
| Net (loss) income from continued operations | -$14.0M | -$18.0M |
| Net income (loss) from discontinued operations | $463.5K | -$930.0K |
| Net (loss) | -$13.6M | -$19.0M |
| Less: Net income (loss) attributable to noncontrolling interest | $4.8M | -$793.8K |
| Net income (loss) attributable to OCLN | -$18.3M | -$18.2M |
| Basic income (loss) per share from continuing operations (in Dollars per share) | $0 | -$0 |
| Diluted income (loss) per share from continuing operations (in Dollars per share) | $0 | -$0 |
| Basic income (loss) per share from discontinued operations (in Dollars per share) | $0 | $0 |
| Diluted income (loss) per share from discontinued operations (in Dollars per share) | $0 | $0 |
| WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING, BASIC (in Shares) | 12.1B shares | 1.6B shares |
| WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING, DILUTED (in Shares) | 12.1B shares | 1.6B shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $828.0K | $371.5K | |
| Contracts receivable, net | $3.9M | $2.4M | |
| Investment in marketable securities, at fair value | $660 | $31.6K | |
| Contract assets | $415.6K | $1.1M | |
| Prepaid assets and other current assets | $3.8K | ||
| Assets of discontinued operations | $30.0K | $452.7K | |
| Total Current Assets | $5.2M | $4.3M | |
| Property and equipment, net | $68.9K | $55.9K | |
| Security deposit | $18.0K | $19.1K | |
| Investment in marketable securities, at fair value | $3.2K | $3.2K | |
| Operating lease right of use asset (Note 4) | $479.3K | $580.4K | |
| Total Other Assets | $500.5K | $602.6K | |
| TOTAL ASSETS | $5.7M | $5.0M | |
| Accounts payable | $1.7M | $1.7M | |
| Accrued expenses | $2.3M | $5.3M | |
| Cumulate dividends payable on preferred stock | $907.3K | $589.8K | |
| Contract liabilities | $4.9M | $3.5M | |
| Operating lease liabilities | $22.5K | $96.1K | |
| Warranty reserve | $50.0K | $50.0K | |
| Loans payable | $596.7K | $150.0K | |
| Tax liability 83(b) | $13.6K | $13.6K | |
| Derivative liabilities | $12.1M | $14.7M | |
| Convertible secured promissory notes (Note 8) | $21.4M | ||
| Convertible promissory notes | $597.9K | $597.9K | |
| Liabilities discontinued operations (Note 13) | $434.9K | $1.1M | |
| TOTAL CURRENT LIABILTIES | $24.2M | $49.8M | |
| Convertible promissory notes, net of current | $2.0M | $2.0M | |
| Operating lease liabilities, net of current | $478.6K | $501.1K | |
| TOTAL LONG-TERM LIABILITIES | $2.5M | $2.5M | |
| TOTAL LIABILITIES | $26.7M | $52.3M | |
| Mezzanine Equity, preferred stock (Note 5) | $7.4M | $7.6M | |
| Preferred stock, $0.0001 par value, (Authorized: 600,000,000), Series C - 1,000 shares issued and outstanding, Series D - 31,500,000 shares issued and outstanding | $3.1K | $3.1K | |
| Common stock, $0.0001 par value, (Authorized: 16,000,000,000) - shares issued and outstanding 15,623,448,908 and 1,672,117,519 | $1.6M | $167.2K | |
| Additional paid-in capital | $124.0M | $85.4M | |
| Noncontrolling interest | $1.7M | -$3.0M | |
| Stock Payable | $80.1K | ||
| Accumulated other comprehensive loss | -$132 | ||
| Accumulated deficit | -$155.7M | -$137.4M | |
| TOTAL SHAREHOLDERS DEFICIT | -$28.4M | -$54.9M | -$39.3M |
| TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT | $5.7M | $5.0M | |
| Preferred stock, shares par value (in Dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in Shares) | 600.0M shares | 600.0M shares | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 16.0B shares | 16.0B shares | |
| Common stock, shares issued (in Shares) | 15.6B shares | 1.7B shares | |
| Common stock, shares outstanding (in Shares) | 15.6B shares | 1.7B shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $828.0K | $371.5K | |
| Contracts receivable, net | $3.9M | $2.4M | |
| Investment in marketable securities, at fair value | $660 | $31.6K | |
| Contract assets | $415.6K | $1.1M | |
| Prepaid assets and other current assets | $3.8K | ||
| Assets of discontinued operations | $30.0K | $452.7K | |
| Total Current Assets | $5.2M | $4.3M | |
| Property and equipment, net | $68.9K | $55.9K | |
| Security deposit | $18.0K | $19.1K | |
| Investment in marketable securities, at fair value | $3.2K | $3.2K | |
| Operating lease right of use asset (Note 4) | $479.3K | $580.4K | |
| Total Other Assets | $500.5K | $602.6K | |
| TOTAL ASSETS | $5.7M | $5.0M | |
| Accounts payable | $1.7M | $1.7M | |
| Accrued expenses | $2.3M | $5.3M | |
| Cumulate dividends payable on preferred stock | $907.3K | $589.8K | |
| Contract liabilities | $4.9M | $3.5M | |
| Operating lease liabilities | $22.5K | $96.1K | |
| Warranty reserve | $50.0K | $50.0K | |
| Loans payable | $596.7K | $150.0K | |
| Tax liability 83(b) | $13.6K | $13.6K | |
| Derivative liabilities | $12.1M | $14.7M | |
| Convertible secured promissory notes (Note 8) | $21.4M | ||
| Convertible promissory notes | $597.9K | $597.9K | |
| Liabilities discontinued operations (Note 13) | $434.9K | $1.1M | |
| TOTAL CURRENT LIABILTIES | $24.2M | $49.8M | |
| Convertible promissory notes, net of current | $2.0M | $2.0M | |
| Operating lease liabilities, net of current | $478.6K | $501.1K | |
| TOTAL LONG-TERM LIABILITIES | $2.5M | $2.5M | |
| TOTAL LIABILITIES | $26.7M | $52.3M | |
| Mezzanine Equity, preferred stock (Note 5) | $7.4M | $7.6M | |
| Preferred stock, $0.0001 par value, (Authorized: 600,000,000), Series C - 1,000 shares issued and outstanding, Series D - 31,500,000 shares issued and outstanding | $3.1K | $3.1K | |
| Common stock, $0.0001 par value, (Authorized: 16,000,000,000) - shares issued and outstanding 15,623,448,908 and 1,672,117,519 | $1.6M | $167.2K | |
| Additional paid-in capital | $124.0M | $85.4M | |
| Noncontrolling interest | $1.7M | -$3.0M | |
| Stock Payable | $80.1K | ||
| Accumulated other comprehensive loss | -$132 | ||
| Accumulated deficit | -$155.7M | -$137.4M | |
| TOTAL SHAREHOLDERS DEFICIT | -$28.4M | -$54.9M | -$39.3M |
| TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT | $5.7M | $5.0M | |
| Preferred stock, shares par value (in Dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in Shares) | 600.0M shares | 600.0M shares | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 16.0B shares | 16.0B shares | |
| Common stock, shares issued (in Shares) | 15.6B shares | 1.7B shares | |
| Common stock, shares outstanding (in Shares) | 15.6B shares | 1.7B shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net (loss) income from continued operations | -$14.0M | -$18.0M |
| Net income (loss) from discontinued operations | $463.5K | -$930.0K |
| Unrealized (gain) loss on derivative liabilities | -$2.5M | $6.9M |
| Depreciation and amortization | $22.4K | $81.0K |
| Net unrealized loss on fair value of securities | $31.0K | $4.5K |
| Shares issued for alternate vesting | $80.1K | |
| Loss on subsidiary closure | $513.3K | |
| Shares issued for compensation | $68.4K | |
| Shares issued for services | $390.6K | $671.3K |
| Impairment of SPAC common stock | $400.0K | |
| Impairment of receivable from SPAC | $2.4M | |
| Stock based compensation expense, related party | $169.6K | |
| Loss on write off of investment | $25.0K | |
| Debt discount recognized as interest expense | $149.8K | |
| Conversion and settlement value loss on WODI | $1.9M | |
| Loss on sale of asset | $15.1K | |
| Loss on extinguishment of debt (non-cash) | $10.0M | |
| Loss from conversion of preferred stock | $75.0K | |
| Gain on redemption of common stock | -$1.9M | |
| Loss on share settlement | $104.0K | $1.3M |
| Loss on issuance of debt | $981.9K | |
| Impairment of asset | $4.5K | |
| Gain on settlement of equity instrument | -$225.0K | |
| Gain on extinguishment of liabilities | -$30.6K | |
| Contracts receivable | -$1.5M | -$993.9K |
| Contract assets | $656.0K | -$791.0K |
| Right-of-use assets | $101.1K | $46.7K |
| Change in discontinued operations | -$792.6K | |
| Prepaid expenses and other current assets | -$3.8K | |
| Customer deposit | -$146.5K | |
| Warranty reserve | $30.0K | |
| Security deposits | $1.1K | -$19.1K |
| Accounts payable | -$49.8K | $26.1K |
| Lease liability | -$96.1K | -$29.8K |
| Accrued expenses and other current liabilities | $647.1K | $2.3M |
| Contract liabilities | $1.5M | $2.8M |
| Net cash used in operating activities | -$3.6M | -$3.7M |
| Purchase of note receivable (SPAC investment) | -$2.4M | |
| Paid for investments | -$25.0K | |
| Proceeds from payments of long-term receivables | $99.0K | |
| Purchases of property and equipment | -$35.4K | -$13.5K |
| Net cash used in investing activities | -$35.4K | -$2.3M |
| Repayment of SBA loan | -$3.3K | -$2.7K |
| Payments on line of credit | -$178.8K | |
| Proceeds from merchant cash advances | $224.6K | |
| Payments on merchant cash advances | -$444.6K | |
| Proceeds from related party loans | $298.0K | |
| Repayments of loans from related parties | -$125.9K | -$60.0K |
| Dividends paid on preferred stock | $317.5K | $66.4K |
| Proceeds from convertible secured promissory notes | $450.0K | $2.8M |
| Proceeds from the issuance of common stock (Regulation A and D) | $1.6M | $1.3M |
| Proceeds from affiliate funding (OZ Fund) | $1.5M | |
| Proceeds from issuance of warrants | $801.2K | |
| Common interest issued for OriginSpark PPM | $175.0K | |
| Contributed Capital | $177.1K | |
| Proceeds from preferred stock (classified as mezzanine equity) | $25.0K | $1.1M |
| Net cash provided by financing activities | $4.1M | $5.9M |
| Net increase (decrease) in cash and cash equivalents | $456.5K | -$117.3K |
| Cash paid for interest and dividends | $57.4K | $40.4K |
| Issuance of Series O preferred stock dividends | $518 | $141 |
| Conversion of mezzanine classified as preferred stock to common stock | $140.0K | $1.1M |
| Conversion of WODI debt and accrued interest | $24.8M | |
| Reclassification from liability to mezzanine equity | $20.0K | |
| Redemption of common stock | $1.0M | |
| OCI derecognition | $132 | |
| Adoption of ASC 842 | $627.1K | |
| Cancellation of stock payable | $100.0K | |
| Conversion of WODI OZ debt and accrued interest | $3.7M |
No quarter-by-quarter statement was filed.
Corporate structure
ORIGINCLEAR, INC. sits at the top of its group. 6 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
- ORIGINCLEAR, INC. Los Angeles, California, United States
- Water On Demand #1, Inc. Subsidiary · Nevada, United States
- Water On Demand #2, Inc. (inactive) Subsidiary · Nevada, United States
- Water On Demand #3, Inc. (inactive) Subsidiary · Nevada, United States
- Water On Demand #4, Inc. (inactive) Subsidiary · Nevada, United States
- Water On Demand, Inc. Subsidiary · Texas, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC. Each entity in the chart links to its source.
What it owns
What ORIGINCLEAR, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $463.2K6 Dec 31, 2025 | $427.8K6 Dec 31, 2024 | +8.3% |
| Accumulated depreciation | $394.3K6 Dec 31, 2025 | $372.0K6 Dec 31, 2024 | +6.0% |
| Property and equipment, net | $68.9K6 Dec 31, 2025 | $55.9K6 Dec 31, 2024 | +23.3% |
| Operating-lease assets (leased space) | $479.3K6 Dec 31, 2025 | $580.4K6 Dec 31, 2024 | −17.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $828.0K6 Dec 31, 2025 | $371.5K6 Dec 31, 2024 | +122.9% |
| Equity securities at fair value | $6606 Dec 31, 2025 | $31.6K6 Dec 31, 2024 | −97.9% |
Properties, in its own words
Our principal corporate offices are located at 600 Cleveland Street Suite 307, Clearwater Fl 33755.
Our subsidiary, PWT, operates from a 21,300-square-foot facility at 5225 W. Houston Street, Sherman, TX 75092. This facility includes a manufacturing area for water treatment equipment and a warehouse to expand in-stock filtration and pump inventory.
The rest of Item 2
We believe these facilities are suitable and adequate for our current business requirements.
Item 2 of the 10-K filed Apr 13, 2026.5
Leadership
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Chief Financial OfficerPrasad Riggs Tare named Nov 15, 2021 to Dec 30, 202115
- Chief Executive Officer, Chairman of the Board of DirectorsTener Riggs Eckelberry named Nov 15, 2021 to Dec 30, 202115
- Chief Operating OfficerTom Riggs Marchesello named Nov 15, 2021 to Dec 30, 202115
- DirectorAnthony Riggs Fidaleo named Nov 15, 2021 to Dec 30, 202115
- DirectorByron Riggs Elton named Nov 15, 2021 to Dec 30, 202115
- DirectorJean-Louis Riggs Kindler named Nov 15, 2021 to Dec 30, 202115
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Water On Demand #1, Inc. Nevada4
- Water On Demand #2, Inc. (inactive) Nevada4
- Water On Demand #3, Inc. (inactive) Nevada4
- Water On Demand #4, Inc. (inactive) Nevada4
- Water On Demand, Inc. Texas4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- ORIGINOIL INCNov 28, 2007 to Apr 16, 20153
Timeline
- May 13, 20268-K Other events16
- Sep 3, 20258-K Executive or director change17
- Apr 8, 20258-K Unregistered sale of shares18
- Apr 4, 20248-K Unregistered sale of shares19
- Sep 28, 20238-K Entered a material agreement; Regulation FD disclosure20
- Jul 17, 20238-K Entered a material agreement21
- Jun 26, 20238-K Unregistered sale of shares22
- May 1, 20238-K Unregistered sale of shares; Bylaws or fiscal year changed23
- Mar 24, 20238-K Unregistered sale of shares24
- Feb 1, 20238-K Unregistered sale of shares25
- Jan 6, 20238-K Other events26
- Dec 29, 20228-K Entered a material agreement; Other events27
Calendar
When it reported results
- Nov 24, 2021Reported quarterly or annual results28
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
81 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 28 major events, 2 private raises, 32 other. The latest 20:
- Aug 13, 2026NT 10-Q ORIGINCLEAR FORM 12B-25 EDGAR
- May 29, 202610-Q EDGAR
- May 15, 2026NT 10-Q ORIGINCLEAR FORM 12B-25 EDGAR
- May 13, 20268-K ORIGINCLEAR, INC. - FORM 8-K SEC FILING EDGAR
- Apr 13, 202610-K ANNUAL REPORT EDGAR
- Apr 1, 2026NT 10-K NOTIFICATION OF LATE FILING EDGAR
- Nov 19, 202510-Q QUARTERLY REPORT EDGAR
- Nov 14, 2025NT 10-Q NOTIFICATION OF LATE FILING EDGAR
- Sep 3, 20258-K CURRENT REPORT EDGAR
- Aug 15, 202510-Q QUARTERLY REPORT EDGAR
- Aug 14, 2025NT 10-Q NOTIFICATION OF LATE FILING EDGAR
- May 19, 202510-Q QUARTERLY REPORT EDGAR
- May 15, 2025NT 10-Q NOTIFICATION OF LATE FILING EDGAR
- Apr 8, 20258-K CURRENT REPORT EDGAR
- Mar 31, 202510-K ANNUAL REPORT EDGAR
- Nov 19, 202410-Q QUARTERLY REPORT EDGAR
- Nov 14, 2024NT 10-Q NOTIFICATION OF LATE FILING EDGAR
- Nov 12, 2024144 EDGAR
- Aug 14, 202410-Q QUARTERLY REPORT EDGAR
- Aug 7, 2024144 EDGAR
The 81 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $620.0K
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2021 | $620.0K | $620.0K |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Compass Financial Management LLC | 825,890 | $413 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How ORIGINCLEAR, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARORIGINCLEAR, INC.1
- CIK0001419793
- Employer ID (EIN)26-02876645
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
- Incorporated inNevada5
- Fiscal year endsDecember 311
- Industry code (SIC)3559 Special Industry Machinery, NEC1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address600 Cleveland St, Suite 307, Clearwater, FL 337551
- Phone727-476-13301
- Shares outstanding16,226,290,399 as of May 26, 202613
- Public float$22.9M as of Jun 30, 20255
- AuditorM&K CPAS, PLLC, The Woodlands, TX PCAOB ID 2738; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceNov 28, 20071
- Filings428 in all: 8-K (215), 10-Q (55), NT 10-Q (28), D (24), 10-K (18), UPLOAD (15), NT 10-K (13), CORRESP (12)1
All 29 form types
1-A/A (5), S-1/A (5), 144 (4), 10-Q/A (3), 8-K/A (3), EFFECT (3), QUALIF (3), S-1 (3), 1-A (2), 1-A POS (2), 10-K/A (2), 253G2 (2), 424B3 (2), REGDEX (2), CT ORDER (1), DEL AM (1), RW (1), S-8 (1), S-8 POS (1), SB-2 (1), SB-2/A (1)
- Latest filingsAnnual report (10-K) Apr 13, 2026
Quarterly report (10-Q) May 29, 2026
Latest 8-K (8-K) May 13, 2026
Risk factors and legal proceedings
The risks ORIGINCLEAR, INC. names in Item 1A of its 10-K filed Apr 13, 2026: 29 risks under these headings, as written.5
- Risks Relating to Our Business
- We have not been profitable.
- We have a history of losses and can provide no assurance of our future operating results.
- We will need significant additional capital, which we may be unable to obtain.
- We have incurred substantial indebtedness.
- Our profitability is dependent upon the growth of our current operations and the start-up of new business entities.
- We will need to increase the size of our organization and may experience difficulties in managing growth.
- We may not successfully license our technology or commercialize our products, which could result in continued losses and may require us to curtail or cease operations.
- If a competitor were to achieve a business breakthrough, our operations and business could be adversely impacted.
- Our long-term success depends on developing a novel outsourcing model, and we face the risks inherent in a performance-based business model.
- We rely on strategic partners.
- A lack of government subsidies may hinder the usefulness of our technology.
The other 18 risks
- The industries in which we operate may endure deflationary cycles, affecting our ability to sell and license our systems.
- If we lose key employees and consultants or are unable to attract or retain qualified personnel, our business could suffer.
- Competition from other companies in our market may affect the market for our technology.
- Risks Related to Our Intellectual Property
- Failure to establish, maintain and enforce intellectual property rights may negatively impact on our financial condition, operations and business.
- Although we have filed various patent applications for some of our original technologies, some have been abandoned or transferred. In certain cases, we have opted to protect our intellectual property through a trade secrets policy.
- We may face claims that we are violating the intellectual property rights of others.
- Risks Related to Our Common Stock
- Our common stock may be diluted through the issuance of additional shares, convertible securities, warrants or options.
- Our chief executive officer holds the majority of the voting power of our shareholders.
- We have created various series of preferred stock and our articles of incorporation allow for our board to create additional new series of preferred stock without further approval by our stockholders, which could adversely affect the rights of the holders of our common stock.
- Our issuance of common stock upon conversion of preferred stock may dilute stockholder ownership.
- There is a limited public market for our common stock.
- The price of our common stock is volatile, which may lead to investment losses.
- Shares eligible for future sale may adversely affect the market.
- Our stock is subject to the penny stock rules, which may restrict resale and reduce liquidity.
- Financial Industry Regulatory Authority, Inc. (“FINRA”) sales practice requirements may limit a shareholder’s ability to buy and sell our common shares.
- If we fail to maintain effective internal controls over financial reporting, our stock price may be negatively impacted.
- We are required to comply with certain provisions of Section 404 of the Sarbanes-Oxley Act of 2002 and if we fail to comply in a timely manner, our business could be harmed, and our stock price could decline.
- We do not intend to pay dividends on our common stock.
Sources
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- 16SEC EDGAROther events
- 17SEC EDGARExecutive or director change
- 18SEC EDGARUnregistered sale of shares
- 19SEC EDGARUnregistered sale of shares
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- 21SEC EDGAREntered a material agreement
- 22SEC EDGARUnregistered sale of shares
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- 24SEC EDGARUnregistered sale of shares
- 25SEC EDGARUnregistered sale of shares
- 26SEC EDGAROther events
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