2023 Q4 Form 10-Q Financial Statement
#000147793223008706 Filed on November 20, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
Revenue | $4.069M | $6.747M | $7.486M |
YoY Change | -28.16% | -9.87% | 49.13% |
Cost Of Revenue | $3.054M | $4.472M | $5.105M |
YoY Change | -19.38% | -12.4% | 57.53% |
Gross Profit | $1.015M | $2.275M | $2.381M |
YoY Change | -45.9% | -4.44% | 33.83% |
Gross Profit Margin | 24.94% | 33.72% | 31.81% |
Selling, General & Admin | $8.047M | $2.459M | $1.325M |
YoY Change | 339.3% | 85.54% | -1.13% |
% of Gross Profit | 793.16% | 108.08% | 55.67% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $58.46K | $10.37K | $51.49K |
YoY Change | 13.23% | -79.86% | 313.74% |
% of Gross Profit | 5.76% | 0.46% | 2.16% |
Operating Expenses | $8.047M | $2.459M | $1.325M |
YoY Change | 339.3% | 85.54% | -1.13% |
Operating Profit | -$7.032M | -$183.8K | $1.056M |
YoY Change | -16248.04% | -117.41% | 140.67% |
Interest Expense | -$343.2K | $344.2K | $317.5K |
YoY Change | -0.87% | 8.4% | 3008.27% |
% of Operating Profit | 30.08% | ||
Other Income/Expense, Net | -$10.60M | -$300.0K | -$168.7K |
YoY Change | 3156.77% | 77.79% | 23.05% |
Pretax Income | $9.416M | -$827.5K | $569.4K |
YoY Change | -1599.37% | -245.33% | -377.62% |
Income Tax | $473.2K | $0.00 | $0.00 |
% Of Pretax Income | 5.03% | 0.0% | |
Net Earnings | $8.943M | -$827.5K | $569.4K |
YoY Change | -1484.34% | -245.33% | -375.53% |
Net Earnings / Revenue | 219.8% | -12.26% | 7.61% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $0.08 | -$0.01 | $6.088K |
COMMON SHARES | |||
Basic Shares Outstanding | 94.32M shares | 94.29M shares | 89.87M shares |
Diluted Shares Outstanding | 94.28M shares | 93.53M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $20.94M | $2.500M | $1.257M |
YoY Change | 1292.06% | 98.86% | 45.17% |
Cash & Equivalents | $20.94M | $2.497M | $1.257M |
Short-Term Investments | |||
Other Short-Term Assets | $183.6K | $230.0K | $562.8K |
YoY Change | -31.33% | -59.13% | 70.82% |
Inventory | $795.2K | $801.6K | $959.6K |
Prepaid Expenses | |||
Receivables | $2.233M | $2.549M | $3.298M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $24.15M | $6.074M | $6.078M |
YoY Change | 335.92% | -0.06% | 22.25% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.596M | $1.820M | $1.829M |
YoY Change | -12.72% | -0.5% | -0.06% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $5.180K | $10.00K | $10.18K |
YoY Change | -49.12% | -1.77% | 0.0% |
Total Long-Term Assets | $3.316M | $3.607M | $3.909M |
YoY Change | -12.74% | -7.71% | -13.13% |
TOTAL ASSETS | |||
Total Short-Term Assets | $24.15M | $6.074M | $6.078M |
Total Long-Term Assets | $3.316M | $3.607M | $3.909M |
Total Assets | $27.47M | $9.682M | $9.987M |
YoY Change | 194.08% | -3.05% | 5.45% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.558M | $4.200M | $3.086M |
YoY Change | -47.11% | 36.09% | 3.71% |
Accrued Expenses | $20.09K | $40.00K | $365.8K |
YoY Change | -81.86% | -89.07% | -66.18% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $250.0K |
YoY Change | -100.0% | -97.85% | |
Long-Term Debt Due | $0.00 | ||
YoY Change | -100.0% | ||
Total Short-Term Liabilities | $2.183M | $4.404M | $3.891M |
YoY Change | -32.29% | 13.16% | -75.55% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $11.22M | $10.88M | $12.94M |
YoY Change | 13.52% | -15.91% | 4967.5% |
Other Long-Term Liabilities | $14.85M | $4.250M | $3.346M |
YoY Change | 306.84% | 27.01% | 19.34% |
Total Long-Term Liabilities | $26.07M | $15.13M | $16.28M |
YoY Change | 92.63% | -7.09% | 432.32% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.183M | $4.404M | $3.891M |
Total Long-Term Liabilities | $26.07M | $15.13M | $16.28M |
Total Liabilities | $28.25M | $19.54M | $20.18M |
YoY Change | 68.59% | -3.16% | 6.33% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$62.79M | -$71.74M | -$68.05M |
YoY Change | -8.59% | 5.41% | 3.36% |
Common Stock | $94.36K | $94.30K | $89.87K |
YoY Change | 1.37% | 4.93% | 0.68% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$782.9K | -$9.856M | -$10.19M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $27.47M | $9.682M | $9.987M |
YoY Change | 194.08% | -3.05% | 5.45% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $8.943M | -$827.5K | $569.4K |
YoY Change | -1484.34% | -245.33% | -375.53% |
Depreciation, Depletion And Amortization | $58.46K | $10.37K | $51.49K |
YoY Change | 13.23% | -79.86% | 313.74% |
Cash From Operating Activities | $18.44M | $560.0K | $759.3K |
YoY Change | 4101.95% | -26.24% | -193.99% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | -$10.73K |
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | -$10.73K |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -500.0 | 0.000 | 0.000 |
YoY Change | -99.74% | -100.0% | |
NET CHANGE | |||
Cash From Operating Activities | 18.44M | 560.0K | 759.3K |
Cash From Investing Activities | 0.000 | 0.000 | -10.73K |
Cash From Financing Activities | -500.0 | 0.000 | 0.000 |
Net Change In Cash | 18.44M | 560.0K | 748.5K |
YoY Change | 7361.06% | -25.19% | -190.91% |
FREE CASH FLOW | |||
Cash From Operating Activities | $18.44M | $560.0K | $759.3K |
Capital Expenditures | $0.00 | $0.00 | -$10.73K |
Free Cash Flow | $18.44M | $560.0K | $770.0K |
YoY Change | 4101.95% | -27.27% |
Facts In Submission
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us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
89456920 | shares | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-7416859 | usd |
CY2023Q1 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
30029 | usd |
CY2023Q1 | meec |
Stock Issued For Cash Exercise Of Options Amount
StockIssuedForCashExerciseOfOptionsAmount
|
209500 | usd |
CY2023Q1 | meec |
Stock Issued For Cashless Exercise Of Stock Options Value
StockIssuedForCashlessExerciseOfStockOptionsValue
|
0 | usd |
CY2023Q1 | meec |
Issuance Of Stock For Compensation Amount
IssuanceOfStockForCompensationAmount
|
120000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1446984 | usd |
CY2023Q2 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
16260 | usd |
CY2023Q2 | meec |
Stock Issued For Cashless Exercise Of Stock Options Value
StockIssuedForCashlessExerciseOfStockOptionsValue
|
0 | usd |
CY2023Q2 | meec |
Issuance Of Stock For Compensation Amount
IssuanceOfStockForCompensationAmount
|
121334 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-764470 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-9131190 | usd |
CY2023Q3 | meec |
Payments Of Stock Issuance Cost
PaymentsOfStockIssuanceCost
|
-20201 | usd |
CY2023Q3 | meec |
Stock Issued For Cashless Exercise Of Stock Options Value
StockIssuedForCashlessExerciseOfStockOptionsValue
|
0 | usd |
CY2023Q3 | meec |
Issuance Of Stock For Compensation Amount
IssuanceOfStockForCompensationAmount
|
122666 | usd |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
209500 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
209500 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
247323 | usd | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-827502 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-9856227 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-10239476 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
138622 | usd |
CY2022Q1 | meec |
Stock Issued For Cashless Exercise Of Stock Options Value
StockIssuedForCashlessExerciseOfStockOptionsValue
|
0 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1148181 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-11249035 | usd |
CY2022Q2 | meec |
Stock Issued For Consulting Services Amount
StockIssuedForConsultingServicesAmount
|
160000 | usd |
CY2022Q2 | meec |
Issuance Of Stock For Compensation Amount
IssuanceOfStockForCompensationAmount
|
55000 | usd |
CY2022Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
143745 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-356667 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-11246957 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
488274 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
3038956 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
935469 | usd | |
meec |
Stock Based Compensation Amortization Of Prepaid Services
StockBasedCompensationAmortizationOfPrepaidServices
|
-364001 | usd | |
meec |
Stock Based Compensation Amortization Of Prepaid Services
StockBasedCompensationAmortizationOfPrepaidServices
|
-196042 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
26088 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
337367 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
999382 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
1204488 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
0 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
79188 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
30423 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
281521 | usd | |
meec |
Amortization Of Patents
AmortizationOfPatents
|
153450 | usd | |
meec |
Amortization Of Patents
AmortizationOfPatents
|
153450 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
11454 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
11204 | usd | |
meec |
Gain Loss On Change In Fair Value Of Profit Share
GainLossOnChangeInFairValueOfProfitShare
|
613445 | usd | |
meec |
Gain Loss On Change In Fair Value Of Profit Share
GainLossOnChangeInFairValueOfProfitShare
|
476153 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-228585 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2283396 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-189529 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-115813 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
|
0 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
|
22500 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-40983 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
286838 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1254769 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
818385 | usd | |
us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
-54634 | usd | |
us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
-275089 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-32375 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-283074 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
786144 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-367755 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2741 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
10727 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2741 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-10727 | usd | |
meec |
Payments Of Equipment Notes Payable
PaymentsOfEquipmentNotesPayable
|
0 | usd | |
meec |
Payments Of Equipment Notes Payable
PaymentsOfEquipmentNotesPayable
|
2677 | usd | |
us-gaap |
Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
|
0 | usd | |
us-gaap |
Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
|
250000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
992903 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-131159 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1504225 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1388307 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2497128 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1257148 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
13608 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
13213 | usd | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
0 | usd | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
160000 | usd | |
meec |
Organization Description
OrganizationDescription
|
Midwest Energy Emissions Corp. and owns 85% of ME2C Acquisition Corp. A decision was made in January 2023 to liquidate these entities. As such, as of December 31, 2022, the Company wrote off the assets for these entities and recorded a $95,500 loss | ||
CY2023Q3 | us-gaap |
Cash
Cash
|
2500000 | usd |
meec |
Cash Provided By Operating Activities
CashProvidedByOperatingActivities
|
800000 | usd | |
CY2023Q3 | meec |
Working Capital
WorkingCapital
|
1700000 | usd |
CY2023Q3 | meec |
Accumulated Deficit
AccumulatedDeficit
|
71700000 | usd |
CY2023Q3 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
10900000 | usd |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
6747256 | usd |
CY2022Q3 | us-gaap |
Revenues
Revenues
|
7485972 | usd |
us-gaap |
Revenues
Revenues
|
13871725 | usd | |
us-gaap |
Revenues
Revenues
|
15956439 | usd | |
CY2023Q3 | us-gaap |
Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
|
0 | usd |
CY2023Q3 | meec |
Market Price Of Per Share
MarketPriceOfPerShare
|
0.24 | |
CY2022Q3 | meec |
Dilutive Stock Optionsshares
DilutiveStockOptionsshares
|
3659814 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
19841722 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
23393576 | shares | |
meec |
Schedule Of Weighted Average Common Stock Sharestabletextblock
ScheduleOfWeightedAverageCommonStockSharestabletextblock
|
<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="vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Three </strong><strong>Months </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Ended </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>September 30,</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;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></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="ffcell" colspan="2"><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></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;">Weighted average common stock outstanding</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:10%;vertical-align:bottom;text-align:right;">89,871,132</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 style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Dilutive stock options (exercise price less than market price) at September 30, 2022</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;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;vertical-align:bottom;text-align:right;">3,659,814</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;">Total dilutive common stock equivalents outstanding</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">93,530,946</td><td style="PADDING-BOTTOM: 3px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table> | ||
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
89871132 | shares |
CY2022Q3 | meec |
Dilutive Stock Optionsshares
DilutiveStockOptionsshares
|
3659814 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
93530946 | shares |
CY2023Q3 | us-gaap |
Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
|
416868 | usd |
CY2022Q4 | us-gaap |
Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
|
606056 | usd |
CY2023Q3 | us-gaap |
Other Inventory
OtherInventory
|
17912 | usd |
CY2022Q4 | us-gaap |
Other Inventory
OtherInventory
|
90374 | usd |
CY2023Q3 | us-gaap |
Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
|
366822 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
|
294701 | usd |
CY2023Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
801602 | usd |
CY2022Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
991131 | usd |
CY2023Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2046676 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1960537 | usd |
CY2023Q3 | meec |
Less Accumulated Depreciation
LessAccumulatedDepreciation
|
-2034504 | usd |
CY2022Q4 | meec |
Less Accumulated Depreciation
LessAccumulatedDepreciation
|
-1939652 | usd |
CY2023Q3 | us-gaap |
Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
|
1807707 | usd |
CY2022Q4 | us-gaap |
Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
|
1807707 | usd |
CY2023Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1819879 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1828592 | usd |
meec |
Straightline Method Description
StraightlineMethodDescription
|
The Company uses the straight-line method of depreciation over estimated useful lives of 2 to 5 years | ||
CY2023Q3 | us-gaap |
Depreciation
Depreciation
|
10369 | usd |
CY2022Q3 | us-gaap |
Depreciation
Depreciation
|
342 | usd |
us-gaap |
Depreciation
Depreciation
|
11454 | usd | |
us-gaap |
Depreciation
Depreciation
|
11204 | usd | |
CY2023Q3 | meec |
Licenses And Patents
LicensesAndPatents
|
3068995 | usd |
CY2022Q4 | meec |
Licenses And Patents
LicensesAndPatents
|
3068995 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-1312848 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-1159398 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1756147 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1909597 | usd |
CY2023Q3 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
51150 | usd |
CY2022Q3 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
51150 | usd |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
153450 | usd | |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
153450 | usd | |
CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
|
204600 | usd |
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
4500000 | usd | |
CY2023Q3 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
331872 | usd |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
984795 | usd | |
CY2023Q3 | us-gaap |
Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
|
2507080 | usd |
meec |
Fair Value Of Sharing Profit
FairValueOfSharingProfit
|
1954383 | usd | |
meec |
Profit Share Beginning Balance
ProfitShareBeginningBalance
|
3638260 | usd | |
meec |
Addition
Addition
|
0 | usd | |
us-gaap |
Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
|
613445 | usd | |
meec |
Profit Share Ending Balance
ProfitShareEndingBalance
|
4251705 | usd | |
meec |
Profit Share Beginning Balance
ProfitShareBeginningBalance
|
2836743 | usd | |
meec |
Addition
Addition
|
0 | usd | |
us-gaap |
Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
|
476153 | usd | |
meec |
Profit Share Ending Balance
ProfitShareEndingBalance
|
3312896 | usd | |
CY2023Q1 | meec |
License And Supply Agreement Description
LicenseAndSupplyAgreementDescription
|
the Company shall pay Dakin a license fee of $12,500 per month for a three-year period commencing as of the effective date and pay Dakin a royalty on all sales in the United States of the products comprising the Dakin IP made by the Company | |
CY2023Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
21140 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
51563 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
22176 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
43262 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
0 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
11289 | usd |
CY2023Q3 | meec |
Lease Obligations Repayments Of Principal Payments Current
LeaseObligationsRepaymentsOfPrincipalPaymentsCurrent
|
11250 | usd |
CY2023Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
|
11250 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
22500 | usd |
CY2023Q3 | meec |
Less Discount
LessDiscount
|
-324 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
22176 | usd |
CY2023Q3 | meec |
Less Current Portion
LessCurrentPortion
|
-22176 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
0 | usd |
us-gaap |
Unrecorded Unconditional Purchase Obligation Term
UnrecordedUnconditionalPurchaseObligationTerm
|
P0Y6M | ||
CY2023Q3 | meec |
Weighted Average Discount Rate
WeightedAverageDiscountRate
|
0.050 | pure |
us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
33750 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
30423 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
32678 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
283074 | usd | |
CY2023Q3 | meec |
Stock Based Compensation Expense
StockBasedCompensationExpense
|
102465 | usd |
CY2022Q3 | meec |
Stock Based Compensation Expense
StockBasedCompensationExpense
|
83126 | usd |
meec |
Stock Based Compensation Expense
StockBasedCompensationExpense
|
390089 | usd | |
meec |
Stock Based Compensation Expense
StockBasedCompensationExpense
|
533409 | usd | |
CY2022Q2 | meec |
Exercisable Per Share
ExercisablePerShare
|
0.21 | |
CY2022Q2 | meec |
Option Value
OptionValue
|
143745 | usd |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P2Y6M | ||
meec |
Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Volatility Rate Percent
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedVolatilityRatePercent
|
0.9683 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Discount For Postvesting Restrictions
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions
|
0.0262 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Payments
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPayments
|
0 | usd | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
18876912 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.50 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P2Y3M21D | ||
meec |
Aggregate Intrinsic Value Beginning Balance
AggregateIntrinsicValueBeginningBalance
|
246666 | usd | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
500000 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
|
0.40 | ||
meec |
Number Of Shares Expirations
NumberOfSharesExpirations
|
-563745 | shares | |
us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
0.33 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
1621445 | shares | |
meec |
Weighted Average Exercise Price Exercises
WeightedAverageExercisePriceExercises
|
0.25 | ||
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
17191722 | shares |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.53 | |
meec |
Weighted Average Remaining Contractual Life Years Ending Balance
WeightedAverageRemainingContractualLifeYearsEndingBalance
|
P1Y8M15D | ||
meec |
Aggregate Intrinsic Value Ending
AggregateIntrinsicValueEnding
|
1067214 | usd | |
meec |
Stock Issued During Period Shares Stock Options Exercisable
StockIssuedDuringPeriodSharesStockOptionsExercisable
|
17129222 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.53 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P1Y8M15D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
1067214 | usd | |
CY2023Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
0.39 | |
meec |
Stock Issued During Period Shares Stock Options Exercised For Cash
StockIssuedDuringPeriodSharesStockOptionsExercisedForCash
|
850000 | shares | |
meec |
Stock Issued During Period Shares Stock Options Exercised For Cashless
StockIssuedDuringPeriodSharesStockOptionsExercisedForCashless
|
771445 | shares |