XML 33 R17.htm IDEA: XBRL DOCUMENT v3.25.2
Note 10 - BioLargo Energy Technologies, Inc.
6 Months Ended
Jun. 30, 2025
BioLargo Energy Technologies, Inc (BETI) [Member]  
Notes to Financial Statements  
Noncontrolling Interest Disclosure [Text Block]

Note 10. BioLargo Energy Technologies, Inc.

 

BioLargo Energy Technologies, Inc. (“BETI”) was formed for the purpose of commercializing a proprietary liquid sodium battery technology. BioLargo purchased 9,000,000 shares of its common stock upon its formation and was initially its sole stockholder.

 

No shares of common stock of BETI were sold during the six months ended June 30, 2025. During the three months ended  March 31, 2024, BETI sold 20,000 shares of its common stock at $2.50 per share to one accredited investor and received $50,000 in gross proceeds.  The investor entered into an agreement with BioLargo whereby the investor  may exchange some or all of its shares of BETI common stock into shares of BioLargo common stock, at a price equal to a 20% discount of the volume weighted average price over the 20 trading days prior to the election to exchange. Elections must be made prior to December 31, 2025.  

 

As of June 30, 2025, BETI had 9,487,000 issued and outstanding shares, of which BioLargo holds 9,070,000.