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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue $ 4,957,489 $ 4,485,062 $ 9,575,030 $ 8,720,406
Cost of goods sold 4,472,911 3,767,851 8,965,396 7,732,093
Gross Profit 484,578 717,211 609,634 988,313
Operating Expenses:        
Selling expenses 812,568 855,122 1,530,584 1,372,701
General and administrative expenses 1,539,323 1,541,316 2,901,569 3,086,047
Research and development expenses 242,556 407,292 472,679 662,104
Total Operating Expenses 2,594,447 2,803,730 4,904,832 5,120,852
Loss from Operations (2,109,869) (2,086,519) (4,295,198) (4,132,539)
Other Income (Expense):        
Interest and other income 64,605 45,744 133,356 114,830
Interest expense (63,466) (29,290) (111,749) (101,009)
Amortization of debt discount (84,318) (150,591) (252,348) (296,631)
Gain (loss) on foreign currency transactions 34,060 84,462 69,576 339,998
Gain (loss) on disposal of property and equipment (2,158) 10,344 (63,464) (453,233)
Total Other Expense (51,277) (39,331) (224,629) (396,045)
Loss Before Income Taxes (2,161,146) (2,125,850) (4,519,827) (4,528,584)
Income tax benefit (360) (14,150) (699) (28,589)
Net Loss (2,160,786) (2,111,700) (4,519,128) (4,499,995)
Net Loss attributable to noncontrolling interest (8,901) 0 (15,851) 0
Net Loss attributable to LiqTech International, Inc. $ (2,151,885) $ (2,111,700) $ (4,503,277) $ (4,499,995)
Loss Per Common Share – Basic and Diluted (in dollars per share) $ (0.22) $ (0.36) $ (0.47) $ (0.77)
Weighted-Average Common Shares Outstanding – Basic and Diluted (in shares) 9,606,902 5,808,127 9,606,902 5,806,480