$BCHT
Birchtech Corp.

2022 Q2 Form 10-Q Financial Statement

#000147793222003623 Filed on May 18, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q1
Revenue $5.129M $3.342M $3.027M
YoY Change 125.87% 10.41% 171.04%
Cost Of Revenue $3.363M $2.342M $1.491M
YoY Change 125.76% 57.11% 60.2%
Gross Profit $1.765M $999.6K $1.536M
YoY Change 126.09% -34.92% 725.09%
Gross Profit Margin 34.42% 29.91% 50.75%
Selling, General & Admin $1.460M $1.486M $1.453M
YoY Change 15.7% 2.27% 24.0%
% of Gross Profit 82.69% 148.68% 94.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.118K $8.744K $23.80K
YoY Change -89.71% -63.27% -79.64%
% of Gross Profit 0.12% 0.87% 1.55%
Operating Expenses $1.460M $1.486M $1.453M
YoY Change 15.7% 2.27% 24.0%
Operating Profit $305.7K -$486.6K $82.68K
YoY Change -163.57% -688.56% -108.39%
Interest Expense $503.9K $457.4K $487.5K
YoY Change -55.01% -6.17% -173.37%
% of Operating Profit 164.84% 589.59%
Other Income/Expense, Net -$158.5K -$149.0K -$121.1K
YoY Change 23.06% 23.06% -2.1%
Pretax Income -$356.7K -$1.148M -$414.7K
YoY Change -79.38% 176.87% -76.62%
Income Tax $0.00 $0.00 $3.240K
% Of Pretax Income
Net Earnings -$356.7K -$1.148M -$417.9K
YoY Change -79.38% 174.73% -76.44%
Net Earnings / Revenue -6.95% -34.36% -13.81%
Basic Earnings Per Share
Diluted Earnings Per Share -$3.991K -$12.86K -$5.198K
COMMON SHARES
Basic Shares Outstanding 89.12M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $508.6K $376.7K $1.982M
YoY Change -69.89% -81.0% 329.69%
Cash & Equivalents $508.6K $376.7K $1.982M
Short-Term Investments
Other Short-Term Assets $611.1K $269.2K $722.7K
YoY Change 25.3% -62.76% 83.99%
Inventory $847.7K $925.1K $452.4K
Prepaid Expenses
Receivables $2.963M $1.857M $847.8K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.930M $3.428M $4.005M
YoY Change 28.63% -14.41% 120.25%
LONG-TERM ASSETS
Property, Plant & Equipment $1.819M $1.821M $2.560M
YoY Change -1.3% -28.86% -15.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.18K $10.18K
YoY Change 0.0%
Total Long-Term Assets $4.029M $4.179M $4.827M
YoY Change -13.62% -13.42% -12.39%
TOTAL ASSETS
Total Short-Term Assets $4.930M $3.428M $4.005M
Total Long-Term Assets $4.029M $4.179M $4.827M
Total Assets $8.960M $7.607M $8.832M
YoY Change 5.43% -13.87% 20.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.859M $2.260M $2.015M
YoY Change 26.9% 12.18% 207.29%
Accrued Expenses $629.8K $768.9K $1.311M
YoY Change -45.64% -41.36% 45.11%
Deferred Revenue
YoY Change
Short-Term Debt $13.37M $12.63M $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $27.59K
YoY Change -100.0% -100.0% -87.85%
Total Short-Term Liabilities $17.03M $15.83M $3.521M
YoY Change 370.81% 349.51% 80.25%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $13.22M
YoY Change -100.0% -100.0% 4.38%
Other Long-Term Liabilities $3.177M $3.030M $2.716M
YoY Change 15.66% 11.56% -13.92%
Total Long-Term Liabilities $3.177M $3.030M $15.94M
YoY Change -77.61% -80.99% 0.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.03M $15.83M $3.521M
Total Long-Term Liabilities $3.177M $3.030M $15.94M
Total Liabilities $20.21M $18.86M $19.46M
YoY Change 13.49% -3.1% 9.47%
SHAREHOLDERS EQUITY
Retained Earnings -$68.62M -$68.27M
YoY Change 4.56%
Common Stock $89.87K $89.12K
YoY Change 0.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$11.25M -$11.25M -$10.63M
YoY Change
Total Liabilities & Shareholders Equity $8.960M $7.607M $8.832M
YoY Change 5.43% -13.87% 20.52%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$356.7K -$1.148M -$417.9K
YoY Change -79.38% 174.73% -76.44%
Depreciation, Depletion And Amortization $2.118K $8.744K $23.80K
YoY Change -89.71% -63.27% -79.64%
Cash From Operating Activities -$118.1K -$1.009M $888.2K
YoY Change -69.44% -213.59% -173.36%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 250.0K -$2.677K $502.9K
YoY Change 166.98% -100.53% 191.11%
NET CHANGE
Cash From Operating Activities -118.1K -$1.009M $888.2K
Cash From Investing Activities
Cash From Financing Activities 250.0K -$2.677K $502.9K
Net Change In Cash 131.9K -$1.012M $1.391M
YoY Change -145.05% -172.72% -234.02%
FREE CASH FLOW
Cash From Operating Activities -$118.1K -$1.009M $888.2K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q4 meec Accounts Payable And Accrued Expenses Related Party
AccountsPayableAndAccruedExpensesRelatedParty
206554 USD
CY2022Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
89121132 shares
CY2022Q1 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
271686 USD
CY2022Q1 us-gaap Liabilities Current
LiabilitiesCurrent
15826703 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
43936 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
54551 USD
CY2022Q1 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
498355 USD
CY2021Q1 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
675620 USD
CY2022Q1 us-gaap Liabilities
Liabilities
18856343 USD
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2022Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
89115951 shares
CY2022Q1 us-gaap Common Stock Value
CommonStockValue
89121 USD
CY2022Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
56926938 USD
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-68265094 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-11249035 USD
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7607308 USD
CY2022Q1 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
148961 USD
CY2021Q1 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
121054 USD
CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-299300 USD
CY2022Q1 us-gaap Costs And Expenses
CostsAndExpenses
4475524 USD
CY2021Q1 us-gaap Costs And Expenses
CostsAndExpenses
3441332 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-414694 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-1148181 USD
CY2022Q1 meec Net Loss Per Common Share Basic And Diluted
NetLossPerCommonShareBasicAndDiluted
-0.01
CY2021Q1 meec Net Loss Per Common Share Basic And Diluted
NetLossPerCommonShareBasicAndDiluted
-0.01
CY2022Q1 meec Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
89119269 shares
CY2021Q1 meec Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
80409603 shares
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-10239476 USD
CY2022Q1 meec Share Based Compensation Expense
ShareBasedCompensationExpense
138622 USD
CY2022Q1 meec Stock Issued For Exercise Of Options Amount
StockIssuedForExerciseOfOptionsAmount
0 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-1148181 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-11249035 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-13203532 USD
CY2021Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
247200 USD
CY2021Q1 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
1850000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
246808 USD
CY2021Q1 meec Stock Issued For Cashless Exercise Of Warrants Amount
StockIssuedForCashlessExerciseOfWarrantsAmount
0 USD
CY2021Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
644250 USD
CY2021Q1 meec Share Based Compensation Expense
ShareBasedCompensationExpense
5878 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-417934 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-10627330 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-1148181 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-417934 USD
CY2022Q1 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
43125 USD
CY2021Q1 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
26032 USD
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
138622 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
5878 USD
CY2022Q1 us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
0 USD
CY2021Q1 us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
299300 USD
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-283 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2937 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-46458 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
440468 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-105215 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-100084 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1008935 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
888197 USD
CY2022Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2021Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
34661 USD
CY2022Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
-2677 USD
CY2021Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
-8584 USD
CY2022Q1 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 USD
CY2021Q1 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
246808 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
0 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
299380 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2677 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
502943 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1011612 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1391140 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1388307 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
591019 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
376695 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1982159 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
41082 USD
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
14242 USD
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
3240 USD
CY2022Q1 meec Stock Issued For Conversion Of Convertible Notes
StockIssuedForConversionOfConvertibleNotes
0 USD
CY2021Q1 meec Stock Issued For Conversion Of Convertible Notes
StockIssuedForConversionOfConvertibleNotes
1850000 USD
CY2022Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
0 USD
CY2021Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
644250 USD
CY2022Q1 meec Stock Issued For Interest Payable
StockIssuedForInterestPayable
0 USD
CY2021Q1 meec Stock Issued For Interest Payable
StockIssuedForInterestPayable
247200 USD
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Financial instruments that subject the Company to credit risk consist of cash and equivalents on deposit with financial institutions and accounts receivable. The Company’s cash as of March 31, 2022 and December 31, 2021 is maintained at high-quality financial institutions and has not incurred any losses to date. </p>
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, valuation of equity issuances and disclosures of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. The Company uses estimates in accounting for, among other items, profit share liability, revenue recognition, allowance for doubtful accounts, stock-based compensation, income tax provisions, excess and obsolete inventory reserve and impairment of intellectual property. Actual results could differ from those estimates.</p>
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
22443576 shares
CY2022Q1 us-gaap Quarterly Financial Information Income Taxes Significant Variation Description
QuarterlyFinancialInformationIncomeTaxesSignificantVariationDescription
Corporate taxpayers may carryback net operating losses (“NOLs”) originating between 2018 and 2020 for up to five years, which was not previously allowed under the 2017 Tax Act. The CARES Act also eliminates the 80% of taxable income limitations by allowing corporate entities to fully utilize NOL carryforwards to offset taxable income in 2018, 2019 or 2020. Taxpayers may generally deduct interest up to the sum of 50% of adjusted taxable income plus business interest income (30% limit under the 2017 Tax Act) for 2019 and 2020
CY2022Q1 meec Description Of Taxable Income
DescriptionOfTaxableIncome
deduction limit to 25% of taxable income and makes qualified improvement property generally eligible for 15-year cost-recovery and 100% bonus depreciation
CY2022Q1 meec Customer And Supplier Concentrationpolicytextblock
CustomerAndSupplierConcentrationpolicytextblock
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">For each of the three months ended March 31, 2022 and 2021, 100% of the Company’s revenue related to seventeen and fourteen customers, respectively. At March 31, 2022 and December 31, 2021, 100% of the Company’s accounts receivable related to fifteen and ten customers, respectively. </p><p style="font-size:10pt;font-family:times new roman;margin:0px">For each of the three months ended March 31, 2022 and 2021, 65% and 93% of the Company’s purchases related to two suppliers, respectively. At March 31, 2022 and December 31, 2021, 57% and 68% of the Company’s accounts payable and accrued expenses related to two vendors. The Company believes there are numerous other suppliers that could be substituted should the supplier become unavailable or non-competitive. </p>
CY2022Q1 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2022-08-25
CY2022Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
4440000 USD
CY2022Q1 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
439034 USD
CY2021Q4 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
637084 USD
CY2022Q1 us-gaap Other Inventory
OtherInventory
67789 USD
CY2021Q4 us-gaap Other Inventory
OtherInventory
86118 USD
CY2022Q1 us-gaap Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
418243 USD
CY2021Q4 us-gaap Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
352199 USD
CY2022Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
925066 USD
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1075401 USD
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2831304 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2831304 USD
CY2022Q1 meec Less Accumulated Depreciation
LessAccumulatedDepreciation
-2818211 USD
CY2021Q4 meec Less Accumulated Depreciation
LessAccumulatedDepreciation
-2809467 USD
CY2022Q1 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
1807707 USD
CY2021Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
1807707 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1820800 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1829544 USD
CY2022Q1 meec Straightline Method Description
StraightlineMethodDescription
The Company uses the straight-line method of depreciation over estimated useful lives of 2 to 5 years
CY2022Q1 us-gaap Depreciation
Depreciation
8744 USD
CY2021Q1 us-gaap Depreciation
Depreciation
23804 USD
CY2022Q1 meec Licenses And Patents
LicensesAndPatents
3068995 USD
CY2021Q4 meec Licenses And Patents
LicensesAndPatents
3068995 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-1005948 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-954798 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2063047 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2114197 USD
CY2022Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
51150 USD
CY2021Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
51150 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
204600 USD
CY2021Q2 meec Issuance Of Stock For Conversion Of Convertible Notes Shares
IssuanceOfStockForConversionOfConvertibleNotesShares
60000 shares
CY2021Q2 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
30000 USD
CY2021 us-gaap Interest Expense
InterestExpense
41319 USD
CY2020 us-gaap Interest Expense
InterestExpense
41432 USD
CY2022Q1 meec Schedule Of Unsecured Notes Payable
ScheduleOfUnsecuredNotesPayable
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>March 31,</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2022</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2021</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Unsecured note payable</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">13,154,931</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">13,154,931</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Less discounts and debt issuance costs</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(796,204 </td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(1,283,677 </td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Total unsecured note payable</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">12,358,727</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">11,871,254</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Less current portion</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(12,358,727 </td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(11,871,254 </td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Unsecured note payable, net of current portion</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2022Q1 us-gaap Interest Expense
InterestExpense
457401 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
487472 USD
CY2022Q1 meec Unamortized Balance Of Discount
UnamortizedBalanceOfDiscount
747067 USD
CY2022Q1 us-gaap Debt Issuance Costs Line Of Credit Arrangements Gross
DebtIssuanceCostsLineOfCreditArrangementsGross
49117 USD
CY2022Q1 meec Profit Share Beginning Balance
ProfitShareBeginningBalance
2836743 USD
CY2022Q1 meec Addition
Addition
0 USD
CY2022Q1 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
148961 USD
CY2022Q1 meec Profit Share Ending Balance
ProfitShareEndingBalance
2985704 USD
CY2021Q1 meec Profit Share Beginning Balance
ProfitShareBeginningBalance
2305308 USD
CY2021Q1 meec Addition
Addition
0 USD
CY2021Q1 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
121054 USD
CY2021Q1 meec Profit Share Ending Balance
ProfitShareEndingBalance
2426362 USD
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
12000000.0 USD
CY2021Q4 meec Notes Receivable From Related Party
NotesReceivableFromRelatedParty
70500 USD
CY2021Q4 meec Investments In Related Party
InvestmentsInRelatedParty
25000 USD
CY2022Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
252842 USD
CY2022Q1 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Two
OperatingLeasesFutureMinimumPaymentsDueInRollingYearTwo
45000 USD
CY2022Q1 us-gaap Operating Leases Future Minimum Payments Due In Four And Five Years
OperatingLeasesFutureMinimumPaymentsDueInFourAndFiveYears
297842 USD
CY2022Q1 meec Less Discount
LessDiscount
-8299 USD
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
289543 USD
CY2022Q1 meec Less Current Portion
LessCurrentPortion
-245607 USD
CY2022Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
43936 USD
CY2022Q1 meec Weighted Average Remaining Lease Term
WeightedAverageRemainingLeaseTerm
P0Y9M
CY2022Q1 meec Weighted Average Discount Rate
WeightedAverageDiscountRate
0.050 pure
CY2022Q1 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
56890 USD
CY2022Q1 meec Right Of Use Asset Amortization
RightOfUseAssetAmortization
104697 USD
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
106410 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
99567 USD
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 USD
CY2021Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1770 USD
CY2022Q1 us-gaap Lease Cost
LeaseCost
106410 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
101337 USD
CY2022Q1 us-gaap Dividends Sharebased Compensation Stock
DividendsSharebasedCompensationStock
181747 USD
CY2021Q1 us-gaap Dividends Sharebased Compensation Stock
DividendsSharebasedCompensationStock
31910 USD
CY2021 us-gaap Labor And Related Expense
LaborAndRelatedExpense
615000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
18318326 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.53
CY2022Q1 meec Weighted Average Remaining Contractual Life Years Beginning Balance
WeightedAverageRemainingContractualLifeYearsBeginningBalance
P2Y10M20D
CY2022Q1 meec Aggregate Intrinsic Value Beginning Balance
AggregateIntrinsicValueBeginningBalance
2961965 USD
CY2022Q1 meec Number Of Shares Expirations
NumberOfSharesExpirations
-150000 shares
CY2022Q1 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
1.15
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
9750 shares
CY2022Q1 meec Weighted Average Exercise Price Exercises
WeightedAverageExercisePriceExercises
0.25
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
18158576 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.53
CY2022Q1 meec Weighted Average Remaining Contractual Life Years Ending Balance
WeightedAverageRemainingContractualLifeYearsEndingBalance
P2Y10M9D
CY2022Q1 meec Aggregate Intrinsic Value Ending
AggregateIntrinsicValueEnding
1474732 USD
CY2022Q1 meec Stock Issued During Period Shares Stock Options Exercisable
StockIssuedDuringPeriodSharesStockOptionsExercisable
18158576 shares
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.53
CY2022Q1 meec Options Exercisable Ending Balance
OptionsExercisableEndingBalance
P2Y10M9D
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1474732 USD
CY2021Q1 meec Warrants Purchase Upon Common Stock Shares
WarrantsPurchaseUponCommonStockShares
705166 shares
CY2021Q1 meec Warrants Issued Upon Cashless Exercise Of Warrants
WarrantsIssuedUponCashlessExerciseOfWarrants
705166 shares
CY2021Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.35
CY2021Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
246808 USD
CY2021Q1 meec Warrants Issued Upon Cashless Exercise Of Warrants
WarrantsIssuedUponCashlessExerciseOfWarrants
97675 shares
CY2021Q1 meec Warrants Purchase Upon Common Stock Shares
WarrantsPurchaseUponCommonStockShares
150000 shares
CY2021Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.45
CY2021Q1 meec Warrants Market Value
WarrantsMarketValue
1.29
CY2021Q1 meec Warrants Issued Upon Cashless Exercise Of Warrants
WarrantsIssuedUponCashlessExerciseOfWarrants
97015 shares
CY2021Q1 meec Warrants Purchase Upon Common Stock Shares
WarrantsPurchaseUponCommonStockShares
175000 shares
CY2021Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.70
CY2022Q1 meec Summary Of Common Stock Warrants Outstanding
SummaryOfCommonStockWarrantsOutstanding
<table cellpadding="0" style="border-spacing:0;font-size:10pt;width:100%"><tbody><tr style="height:15px"><td colspan="15" style="BORDER-BOTTOM: 1px solid;vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Outstanding and Exercisable</strong></p></td></tr><tr style="height:15px"><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Exercise Price</strong></p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Number Outstanding</strong></p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Weighted Average </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Remaining </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Contractual </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Life (years)</strong></p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Weighted Average </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Exercise Price</strong></p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"><p style="font-size:10pt;font-family:times new roman;margin:0px">$</p></td><td style="BORDER-BOTTOM: 1px solid;width:23%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">0.70</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:22%;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">4,285,000</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:22%;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">2.23</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"><p style="font-size:10pt;font-family:times new roman;margin:0px">$</p></td><td style="BORDER-BOTTOM: 1px solid;width:22%;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">0.70</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"><p style="font-size:10pt;font-family:times new roman;margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">0.70</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">4,285,000</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">2.23</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"><p style="font-size:10pt;font-family:times new roman;margin:0px">$</p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">0.70</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>

Files In Submission

Name View Source Status
0001477932-22-003623-index-headers.html Edgar Link pending
0001477932-22-003623-index.html Edgar Link pending
0001477932-22-003623.txt Edgar Link pending
0001477932-22-003623-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
meec-20220331.xsd Edgar Link pending
meec-20220331_cal.xml Edgar Link unprocessable
meec-20220331_def.xml Edgar Link unprocessable
meec-20220331_lab.xml Edgar Link unprocessable
meec-20220331_pre.xml Edgar Link unprocessable
meec_10q.htm Edgar Link pending
meec_10q_htm.xml Edgar Link completed
meec_ex311.htm Edgar Link pending
meec_ex312.htm Edgar Link pending
meec_ex321.htm Edgar Link pending
meec_ex322.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending