Related Party Transactions

6 Months Ended

Jun. 30, 2022

Related Party Transactions

Related Party Transactions

Note 7 - Related Party Transactions

In 2021, the Company entered into an agreement to fabricate and manufacture the AirSCWO systems with Merrell Bros. Holding Company. As part of the agreement, the Company appointed Terry Merrell to its board of directors. As of June 30, 2022, Merrell Bros. or their affiliates own stock in excess of 5% of the outstanding common stock.  As of June 30, 2022, the Company incurred $551,581 in related party expenses related to the manufacturing of the AirSCWO systems. As of June 30, 2022, there is an accrual of $25,000 in related party expenses related to the manufacturing of the AirSCWO systems.