| Balance Sheets | 2025-06-30 | |||
|---|---|---|---|---|
| Assets of discontinued operations | 433,871 | |||
| Prepaid assets and other current assets | 94,046 | |||
| Investment in marketable securities, at fair value | 18,083 | |||
| Contracts receivable, net | 623,382 | |||
| Contract assets | 175,339 | |||
| Cash and cash equivalents | 1,202,999 | |||
| Total current assets | 2,547,720 | |||
| Operating lease right of use asset (note 4) | 531,232 | |||
| Investment in marketable securities, at fair value | 3,200 | |||
| Security deposit | 19,051 | |||
| Total other assets | 553,483 | |||
| Property and equipment, net | 46,406 | |||
| Total assets | 3,147,609 | |||
| Liabilities discontinued operations (note 3) | 485,474 | |||
| Tax liability 83 | 13,600 | |||
| Convertible secured promissory notes (note 8) | 2,032,500 | |||
| Redeemable non- convertible preferred stock, 397.15 shares issued and outstanding across four series (note 5)-Nonredeemable Convertible Preferred Stock | 397,150 | |||
| Related party loan-Related Party | 105,275 | |||
| Operating lease liabilities | 104,457 | |||
| Loans payable | 148,616 | |||
| Warranty reserve | 50,000 | |||
| Cumulate dividends payable on preferred stock | 736,054 | |||
| Derivative liabilities | 10,899,605 | |||
| Convertible promissory notes | 597,944 | |||
| Contract liabilities | 2,623,439 | |||
| Accrued expenses | 2,096,665 | |||
| Accounts payable | 1,710,027 | |||
| Total current liabilties | 22,000,806 | |||
| Operating lease liabilities, net of current | 447,148 | |||
| Convertible promissory notes, net of current | 2,019,748 | |||
| Total long-term liabilities | 2,466,896 | |||
| Total liabilities | 24,467,702 | |||
| Accumulated deficit | -155,619,585 | |||
| 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 | 3,150 | |||
| Noncontrolling interest | 6,908,138 | |||
| Common stock, 0.0001 par value, (authorized 16,000,000,000) - shares issued and outstanding 15,619,289,995 and 1,672,117,519 | 1,561,930 | |||
| Additional paid in capital | 118,343,552 | |||
| Accumulated other comprehensive loss | 0 | |||
| Total shareholders deficit | -28,802,815 | |||
| Mezzanine equity, preferred stock (note 5) | 7,482,722 | |||
| Total liabilities and shareholders deficit | 3,147,609 | |||
ORIGINCLEAR, INC. (OCLN)
ORIGINCLEAR, INC. (OCLN)