Liquidity Capital Resources and Going Concern	3 Months Ended
Mar. 31, 2024
Liquidity Capital Resources and Going Concern
Liquidity, Capital Resources and Going Concern	Note 3 – Liquidity, Capital Resources and Going Concern As of March 31, 2024, the Company had working capital of $11,715,381 and an accumulated deficit of $17,977,969. For the three months ended March 31, 2024, the Company incurred a net loss of $2,024,465 and used $2,508,653 of net cash in operations for the period. These conditions raise substantial doubt regarding our ability to continue as a going concern. Since inception, we have financed our operations principally through the sale of debt and equity securities and operating cash flows. We have an at-the-market (ATM) equity offering under which we may issue up to $100 million of common stock, which is not currently active. However, we are in the process of activating the ATM. During the year end December 31, 2023, we raised approximately $13.4 million of net proceeds through this ATM. While no assurance can be provided, management believes that these actions provide the opportunity for the Company to continue as a going concern and to grow its business and achieve profitability with access to additional capital funding. Ultimately, the success of the Company as a going concern is dependent upon the ability of the Company to continue executing its plan and obtaining capital that will enable the Company to complete its in-process AirSCWO units and begin manufacturing further units. If the Company is unable to obtain additional financing in sufficient amounts or under acceptable terms, the Company's operating results could be adversely affected. These consolidated financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Based upon the Company’s current business plan, we believe that our current cash balance and access to liquidity are sufficient for the Company to meet its financial obligations as they become due for at least the next 12 months from the date of the report.

Liquidity Capital Resources and Going Concern

3 Months Ended

Mar. 31, 2024

Liquidity Capital Resources and Going Concern

Liquidity, Capital Resources and Going Concern

Note 3 – Liquidity, Capital Resources and Going Concern

As of March 31, 2024, the Company had working capital of $11,715,381 and an accumulated deficit of $17,977,969. For the three months ended March 31, 2024, the Company incurred a net loss of $2,024,465 and used $2,508,653 of net cash in operations for the period. These conditions raise substantial doubt regarding our ability to continue as a going concern.

Since inception, we have financed our operations principally through the sale of debt and equity securities and operating cash flows. We have an at-the-market (ATM) equity offering under which we may issue up to $100 million of common stock, which is not currently active. However, we are in the process of activating the ATM. During the year end December 31, 2023, we raised approximately $13.4 million of net proceeds through this ATM.

While no assurance can be provided, management believes that these actions provide the opportunity for the Company to continue as a going concern and to grow its business and achieve profitability with access to additional capital funding. Ultimately, the success of the Company as a going concern is dependent upon the ability of the Company to continue executing its plan and obtaining capital that will enable the Company to complete its in-process AirSCWO units and begin manufacturing further units. If the Company is unable to obtain additional financing in sufficient amounts or under acceptable terms, the Company's operating results could be adversely affected.

These consolidated financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Based upon the Company’s current business plan, we believe that our current cash balance and access to liquidity are sufficient for the Company to meet its financial obligations as they become due for at least the next 12 months from the date of the report.