2022 Q3 Form 10-Q Financial Statement

#000121390022048218 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $3.366M $3.168M $1.295M
YoY Change 200.36% 240.12% 25.0%
Cost Of Revenue $2.543M $2.482M $1.337M
YoY Change 221.75% 228.84% 72.99%
Gross Profit $823.2K $685.5K -$41.32K
YoY Change 149.18% 288.37% -115.68%
Gross Profit Margin 24.46% 21.64% -3.19%
Selling, General & Admin $1.797M $1.401M $1.468M
YoY Change 9.43% -33.09% -34.87%
% of Gross Profit 218.36% 204.45%
Research & Development $0.00
YoY Change
% of Gross Profit
Depreciation & Amortization $10.21K $10.51K $10.79K
YoY Change -6.33% -8.61% -12.7%
% of Gross Profit 1.24% 1.53%
Operating Expenses $1.808M $1.412M $1.478M
YoY Change 9.33% -32.96% -35.51%
Operating Profit -$984.5K -$726.5K -$1.520M
YoY Change -25.59% -62.35% -25.1%
Interest Expense $233.4K $232.2K $9.720M
YoY Change -98.8% -35.0% -298.35%
% of Operating Profit
Other Income/Expense, Net -$28.07M -$539.3K
YoY Change -1949247.85% -93.99%
Pretax Income -$29.05M -$1.266M $8.246M
YoY Change -257.92% -88.39% -216.42%
Income Tax
% Of Pretax Income
Net Earnings -$29.05M -$1.266M $8.246M
YoY Change -257.92% -88.39% -216.42%
Net Earnings / Revenue -863.09% -39.95% 636.54%
Basic Earnings Per Share -$0.04 $0.00
Diluted Earnings Per Share -$0.04 $0.00 $29.59K
COMMON SHARES
Basic Shares Outstanding 813.1M shares 573.1M shares
Diluted Shares Outstanding 775.6M shares 573.1M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $530.0K $702.5K $340.3K
YoY Change -1.61% 30.77% -16.91%
Cash & Equivalents $1.751M $1.701M $706.4K
Short-Term Investments $45.21K $67.81K $198.9K
Other Short-Term Assets $1.455M $1.104M $378.9K
YoY Change 2681.32% 11447.14% 539.44%
Inventory $18.42K $18.03K $2.850K
Prepaid Expenses $10.87K $11.62K $13.11K
Receivables $1.947M $1.389M $2.151M
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.228M $4.292M $3.451M
YoY Change 278.74% 260.95% 225.64%
LONG-TERM ASSETS
Property, Plant & Equipment $185.6K $192.1K $213.4K
YoY Change -17.21% -18.26% -17.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.000K $6.000K $17.60K
YoY Change -90.0% -87.6% 120.0%
Other Assets $514.0K $514.0K $514.0K
YoY Change 0.0% -18.41%
Total Long-Term Assets $708.1K $716.6K $749.5K
YoY Change -9.53% -21.93% 176.88%
TOTAL ASSETS
Total Short-Term Assets $5.228M $4.292M $3.451M
Total Long-Term Assets $708.1K $716.6K $749.5K
Total Assets $5.936M $5.008M $4.201M
YoY Change 174.44% 137.71% 215.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.923M $2.163M $1.452M
YoY Change 213.6% 107.64% 11.3%
Accrued Expenses $1.592M $1.566M $1.533M
YoY Change 4.39% 2.44% -0.61%
Deferred Revenue $1.887M
YoY Change
Short-Term Debt $180.7K $180.7K $230.7K
YoY Change -21.68% -78.54% -75.54%
Long-Term Debt Due $879.5K $881.7K $3.024M
YoY Change -70.77% -58.4% 145.39%
Total Short-Term Liabilities $43.09M $15.56M $16.28M
YoY Change 85.14% -63.51% -10.05%
LONG-TERM LIABILITIES
Long-Term Debt $2.048M $2.134M $62.28K
YoY Change 3128.99% 128.05% -96.7%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.048M $2.134M $62.28K
YoY Change 3128.99% 128.05% -96.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.09M $15.56M $16.28M
Total Long-Term Liabilities $2.048M $2.134M $62.28K
Total Liabilities $45.14M $17.70M $16.34M
YoY Change 93.42% -59.4% -18.23%
SHAREHOLDERS EQUITY
Retained Earnings -$132.1M -$103.0M -$98.18M
YoY Change
Common Stock $81.48M $78.05M $75.75M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$50.48M -$24.87M -$22.32M
YoY Change
Total Liabilities & Shareholders Equity $5.936M $5.008M $4.201M
YoY Change 174.44% 137.71% 215.72%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$29.05M -$1.266M $8.246M
YoY Change -257.92% -88.39% -216.42%
Depreciation, Depletion And Amortization $10.21K $10.51K $10.79K
YoY Change -6.33% -8.61% -12.7%
Cash From Operating Activities -$1.607M -$1.579M -$1.283M
YoY Change 46.04% 8.18% -4.21%
INVESTING ACTIVITIES
Capital Expenditures -$8.140K -$4.500K -$4.500K
YoY Change 80.89% 0.0% 0.22%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$8.140K -$4.500K -$4.500K
YoY Change 80.89% 0.0% 0.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.691M 1.430M 1.435M
YoY Change 50.26% -1.01% 43.22%
NET CHANGE
Cash From Operating Activities -1.607M -1.579M -1.283M
Cash From Investing Activities -8.140K -4.500K -4.500K
Cash From Financing Activities 1.691M 1.430M 1.435M
Net Change In Cash 75.16K -153.3K 147.6K
YoY Change 275.42% 692.86% -143.18%
FREE CASH FLOW
Cash From Operating Activities -$1.607M -$1.579M -$1.283M
Capital Expenditures -$8.140K -$4.500K -$4.500K
Free Cash Flow -$1.599M -$1.575M -$1.279M
YoY Change 45.9% 8.2% -4.22%

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CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.25
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.25
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
573084370 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
152856918 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
495173641 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122395397 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
573084370 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
152856918 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
495173641 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
122395397 shares
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-29645300 usd
ocln Stock Issuedduring Period Debt Conversion Converted Instrument Amount1
StockIssuedduringPeriodDebtConversionConvertedInstrumentAmount1
133705 usd
ocln Stock Issued During Period Value Issued Fair Valuefor Services
StockIssuedDuringPeriodValueIssuedFairValueforServices
1437369 usd
ocln Common Stock Issued For Conversion Of Series D1 Preferred Stock
CommonStockIssuedForConversionOfSeriesD1PreferredStock
5554 usd
ocln Common Stock Issued For Conversion Of Series J Preferred Stock
CommonStockIssuedForConversionOfSeriesJPreferredStock
47500 usd
ocln Common Stock Issued For Conversion Of Series L Preferred Stock
CommonStockIssuedForConversionOfSeriesLPreferredStock
472759 usd
ocln Common Stock Issued For Conversion Of Series O Preferred Stock
CommonStockIssuedForConversionOfSeriesOPreferredStock
1040000 usd
ocln Common Stock Issued For Conversion Of Series P Preferred Stock
CommonStockIssuedForConversionOfSeriesPPreferredStock
275250 usd
ocln Common Stock Issued For Conversion Of Series Q Preferred Stock
CommonStockIssuedForConversionOfSeriesQPreferredStock
210000 usd
ocln Common Stock Issued For Conversion Of Series R Preferred Stock
CommonStockIssuedForConversionOfSeriesRPreferredStock
879900 usd
ocln Common Stock Issued For Conversion Of Series E Preferred Stock
CommonStockIssuedForConversionOfSeriesEPreferredStock
85000 usd
ocln Loss On Conversion Of Preferred Stock
LossOnConversionOfPreferredStock
1119284 usd
us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
-500 usd
us-gaap Net Income Loss
NetIncomeLoss
-28761078 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-52700557 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-22321917 usd
ocln Stock Issuedduring Period Debt Conversion Converted Instrument Amount1
StockIssuedduringPeriodDebtConversionConvertedInstrumentAmount1
119634 usd
ocln Stock Issued During Period Value Issued Fair Valuefor Services
StockIssuedDuringPeriodValueIssuedFairValueforServices
522535 usd
ocln Common Stock Issued For Conversion Of Series J Preferred Stocks
CommonStockIssuedForConversionOfSeriesJPreferredStocks
5000 usd
ocln Common Stock Issued For Conversion Of Series L Preferred Stock
CommonStockIssuedForConversionOfSeriesLPreferredStock
134080 usd
ocln Common Stock Issued For Conversion Of Series R Preferred Stock
CommonStockIssuedForConversionOfSeriesRPreferredStock
398267 usd
ocln Common Stock Issued For Conversion Of Series T Preferred Stock
CommonStockIssuedForConversionOfSeriesTPreferredStock
344000 usd
ocln Common Stock Issued For Conversion Of Series U Preferred Stock
CommonStockIssuedForConversionOfSeriesUPreferredStock
431500 usd
ocln Common Stock Issued For Conversion Of Series W Preferred Stock
CommonStockIssuedForConversionOfSeriesWPreferredStock
45000 usd
ocln Common Stock Issued For Conversion Of Series Y Preferred Stock1
CommonStockIssuedForConversionOfSeriesYPreferredStock1
50000 usd
ocln Loss On Conversion Of Preferred Stock
LossOnConversionOfPreferredStock
245985 usd
us-gaap Net Income Loss
NetIncomeLoss
-4842023 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-24867939 usd
us-gaap Net Income Loss
NetIncomeLoss
-4842023 usd
us-gaap Net Income Loss
NetIncomeLoss
-28761078 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
21242 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23131 usd
ocln Payments Of Preferred Stock Dividends
PaymentsOfPreferredStockDividends
-522535 usd
ocln Payments Of Preferred Stock Dividends
PaymentsOfPreferredStockDividends
-1437369 usd
ocln Gain Loss On Net Change In Valuation Of Derivative Liabilities
GainLossOnNetChangeInValuationOfDerivativeLiabilities
-1568898 usd
ocln Gain Loss On Net Change In Valuation Of Derivative Liabilities
GainLossOnNetChangeInValuationOfDerivativeLiabilities
-23944836 usd
ocln Debt Discount Recognized As Interest Expense
DebtDiscountRecognizedAsInterestExpense
3743 usd
ocln Debt Discount Recognized As Interest Expense
DebtDiscountRecognizedAsInterestExpense
33406 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-142705 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
40400 usd
ocln Loss On Exchange Of Preferred Stock
LossOnExchangeOfPreferredStock
40000 usd
ocln Gain Loss On Conversion Of Preferred Stock
GainLossOnConversionOfPreferredStock
-245985 usd
ocln Gain Loss On Conversion Of Preferred Stock
GainLossOnConversionOfPreferredStock
-1119284 usd
us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
50000 usd
ocln Increase Decrease In Contract Receivable Net
IncreaseDecreaseInContractReceivableNet
-761676 usd
ocln Increase Decrease In Contract Receivable Net
IncreaseDecreaseInContractReceivableNet
-13880 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
724975 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
63500 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
15175 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2850 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1496 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-44769 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-1200 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
744372 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-258796 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
57824 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
48802 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-288949 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-39435 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1850644 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2459382 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
9000 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
9000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9000 usd
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
4544 usd
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
4544 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
53750 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
94883 usd
ocln Payments On Cumulative Preferred Stock Dividends
PaymentsOnCumulativePreferredStockDividends
-15135 usd
ocln Payments On Cumulative Preferred Stock Dividends
PaymentsOnCumulativePreferredStockDividends
-91800 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
-15228 usd
ocln Net Proceeds For Issuance Of Preferred Stock For Cash Liability Classification
NetProceedsForIssuanceOfPreferredStockForCashLiabilityClassification
2843700 usd
ocln Net Proceeds For Issuance Of Preferred Stock For Cash Liability Classification
NetProceedsForIssuanceOfPreferredStockForCashLiabilityClassification
2560175 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2854291 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2591070 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
994647 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
122688 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
706421 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
416121 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1701068 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
538809 usd
us-gaap Interest Paid Net
InterestPaidNet
828638 usd
us-gaap Interest Paid Net
InterestPaidNet
3741 usd
ocln Common Stock Issued At Fair Value For Conversion Of Debt Plus Accrued Interest And Other Fees
CommonStockIssuedAtFairValueForConversionOfDebtPlusAccruedInterestAndOtherFees
119634 usd
ocln Common Stock Issued At Fair Value For Conversion Of Debt Plus Accrued Interest And Other Fees
CommonStockIssuedAtFairValueForConversionOfDebtPlusAccruedInterestAndOtherFees
133705 usd
ocln Issuance Of Series T Preferred Shares In Exchange For Property
IssuanceOfSeriesTPreferredSharesInExchangeForProperty
630000 usd
ocln Issuance Of Series O Dividends
IssuanceOfSeriesODividends
72 usd
ocln Issuance Of Series O Dividends
IssuanceOfSeriesODividends
33 usd
ocln Preferred Stock Converted To Common Stock Mezzanine
PreferredStockConvertedToCommonStockMezzanine
1407842 usd
ocln Preferred Stock Converted To Common Stock Mezzanine
PreferredStockConvertedToCommonStockMezzanine
3010409 usd
ocln Basic Weighted Average Number Of Common Shares Outstanding Denominator
BasicWeightedAverageNumberOfCommonSharesOutstandingDenominator
495173641 shares
ocln Preferred Stock Converted To Common Stock Equity
PreferredStockConvertedToCommonStockEquity
5455 usd
ocln Exchange From Mezzanine To Liability
ExchangeFromMezzanineToLiability
495000 usd
ocln Exchange From Mezzanine To Liability
ExchangeFromMezzanineToLiability
2804167 usd
ocln Issuance Of Warrants Deemed Dividends
IssuanceOfWarrantsDeemedDividends
2037849 usd
ocln Derivative Discount Issued On Notes Payable
DerivativeDiscountIssuedOnNotesPayable
54652 usd
us-gaap Stock Issued1
StockIssued1
13128 usd
CY2022Q2 us-gaap Capital Units
CapitalUnits
1000000 usd
ocln Sale Revenue Net
SaleRevenueNet
4402072 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0in 0pt -0.5in; text-indent: 0.5in; text-align: justify"><span><span style="text-decoration:underline">Use of Estimates</span></span></p><p style="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0in; margin-bottom: 0pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0in; text-indent: 0.5in; text-align: justify"><span>The preparation of 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, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include estimates used to review the Company’s impairments and estimations of long-lived assets, revenue recognition on percentage of completion type contracts, allowances for uncollectible accounts, warranty reserves, inventory valuation, derivative liabilities and other conversion features, fair value investments, valuations of non-cash capital stock issuances and the valuation allowance on deferred tax assets. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable in the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.</span></p><p style="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0in; margin-bottom: 0pt; text-align: justify"> </p>
us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
-4842023 usd
us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
-30798927 usd
ocln Basic Weighted Average Number Of Common Shares Outstanding Denominator
BasicWeightedAverageNumberOfCommonSharesOutstandingDenominator
122395397 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
495173641 shares
CY2022Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
1389291 usd
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
2150967 usd
CY2022Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
11615 usd
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
13111 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
603373 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
603373 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
411224 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
389982 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
192149 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
213391 usd
us-gaap Depreciation
Depreciation
21242 usd
us-gaap Depreciation
Depreciation
23131 usd
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
18025 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
2850 usd
us-gaap Derivative Term Of Contract
DerivativeTermOfContract
P12M
CY2022Q2 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
67813 usd
CY2022Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
67813 usd
CY2022Q2 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
8095027 usd
CY2022Q2 us-gaap Servicing Liability
ServicingLiability
8095027 usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
6526129 usd
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
1568898 usd
CY2022Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
8095027 usd
ocln Fair Value Assumption Expected Dividend Rate
FairValueAssumptionExpectedDividendRate
0 pure
CY2022Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
13128 usd
CY2022Q2 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
432 shares
ocln Aggregate Of Shares
AggregateOfShares
432150 shares
ocln Sale Of Property Descriptions
SaleOfPropertyDescriptions
On September 13, 2021, the Company received an offer for the property for $464,000, which was $116,000 below the original independent appraisal of $580,000. Based on that indicator of impairment, during the year ended December 31, 2021, the Company adjusted the original value of the long term asset for sale from $630,000 to $514,000 on the balance sheet and recorded an impairment of $116,000 in the consolidated financial statements.
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
19944 shares
CY2021Q2 us-gaap Debt Instrument Convertible Threshold Trading Days
DebtInstrumentConvertibleThresholdTradingDays
5 pure
us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
0.25 usd
CY2022Q1 ocln Common Stock Shares Outstanding Percentage
CommonStockSharesOutstandingPercentage
0.0499 pure
ocln Common Stock Issued For Services Shares
CommonStockIssuedForServicesShares
24845550 shares
ocln Common Stock Issued For Services Fair Value
CommonStockIssuedForServicesFairValue
522535 usd
us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
1557.847 shares
ocln Interest Amount
InterestAmount
52555 usd
ocln Restricted Stock Grant Agreement Description
RestrictedStockGrantAgreementDescription
of up to 367,141,542 shares of the Company’s common stock to employees and consultants provided certain milestones are met in certain stages; a) If the Company’s consolidated gross revenue, calculated in accordance with generally accepted accounting principles, consistently applied, equals or exceeds $15,000,000 for the trailing twelve month period as reported in the Company’s quarterly or annual financial statements, the Company will issue up to an aggregate of 183,570,771 shares of its common stock; b) If the Company’s consolidated operating profit Operating Profit = Operating Revenue - Cost of Goods Sold - Operating Expenses - Depreciation & Amortization), calculated in accordance with generally accepted accounting principles, equals or exceeds $1,500,000 for the trailing twelve month period as reported as reported in the Company’s SEC reports, the Company will issue up to an aggregate of 183,570,771 shares of its common stock. The Company has not recognized any costs associated with the milestones, because achievement is not probable.
CY2019Q3 ocln Board Of Directors Amendment Description
BoardOfDirectorsAmendmentDescription
The Company then (i) calculates the value of the Company common stock traded in the year immediately prior to the vesting year, using daily adjusted close and volume, as quoted on the public securities trading market on which the Company’s common stock is then traded (ii) determines the cost basis of the shares, which shall be the closing price quoted on the public securities trading market, quoted on the first trading day of the vesting year which will be the grantee’s cost basis, and (iii) applies the 10% calculation and divides it into the number of qualifying alternate vestees, giving the gross number of shares available to each Grantee. For each alternate vestee for each year in which there occurs a vesting or a potential vesting, the Company (i) does a 90-day lookback from the first day of the latest vesting month, to limit cumulative vesting of shares for each alternate vestee for the 90-day period to 1% of total Company shares of common stock outstanding for the period, using the then current figure for shares outstanding at the time of the lookback; (ii) places the excess shares (the “Overlimit Shares”) in suspense for issuance in the next 90-day period so that in each future 90-day period they may be issued, and (iii) if on the 90-day lookback, cumulative issuances are less than 1% of shares outstanding, the Company will add the shares from previous 90-day lookback, if any. For the avoidance of doubt, the Company will not record any Overlimit Shares as vested until such as time as they have been finally issued.
ocln Number Of Purchase Of Warrants
NumberOfPurchaseOfWarrants
24457600 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
90667373 shares
CY2022Q2 ocln Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Warrants
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableWarrants
90667373 shares
CY2022Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
0 usd
CY2022Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
3012155 usd
CY2022Q2 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
878283 usd
CY2022Q2 ocln Convertible Promissory Notes
ConvertiblePromissoryNotes
2133872 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
878283 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2120100 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
13772 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3012155 usd
CY2022Q2 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
49734 usd
ocln Aggregate Amount
AggregateAmount
1200000 usd
us-gaap Short Term Debt Refinanced Amount
ShortTermDebtRefinancedAmount
1200000 usd
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2021-11-19
ocln Penalty Per Day
PenaltyPerDay
2000 usd
CY2022Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
8095027 usd
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
1103907 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
378932 usd
CY2022Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1597997 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1886946 usd
CY2021Q4 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
15988 usd
CY2021Q4 ocln Aggregate Principal Amount
AggregatePrincipalAmount
149867 usd
CY2021Q4 ocln Conversion Of Stock Share Converted
ConversionOfStockShareConverted
45208649 shares
CY2022Q1 us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
67813 usd
CY2022Q1 us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
131105 usd
CY2018Q2 ocln Description Of Fair Value Investment In Securities
DescriptionOfFairValueInvestmentInSecurities
the Company received 4,000 shares of Water Technologies International, Inc. (“WTII”) Series C convertible preferred stock for the use of OriginClear, Inc. technology associated with their proprietary electro water separation system. Each share of Series C convertible preferred stock is convertible into one thousand (1,000) shares of WTII common stock. The stock was valued at fair market value of $0.0075 for a price of $30,000 on the date of issuance. The Company analyzed the licensing agreement using ASU 606 to determine the timing of revenue recognition.
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
6000 usd
CY2022Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
25000 usd
CY2022Q2 us-gaap Loans Payable
LoansPayable
50000 usd
CY2022Q2 us-gaap Notes And Loans Payable
NotesAndLoansPayable
30646 usd
CY2020Q2 us-gaap Proceeds From Loans
ProceedsFromLoans
505000 usd
CY2020Q3 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
10000 usd
ocln Capital Lease Term
CapitalLeaseTerm
P60M
ocln Lease Payments
LeasePayments
757 usd
ocln Capital Lease Purchase Option Price
CapitalLeasePurchaseOptionPrice
1
ocln Capital Lease Current Balance
CapitalLeaseCurrentBalance
3441 usd
ocln Preferred Stock Fair Value
PreferredStockFairValue
630000 usd
us-gaap Impairment Charge On Reclassified Assets
ImpairmentChargeOnReclassifiedAssets
116000 usd
ocln Leaving Fair Value
LeavingFairValue
514000 usd
CY2022Q2 us-gaap Rental Properties
RentalProperties
7900 usd
CY2022Q2 ocln Warranty Reserve Current
WarrantyReserveCurrent
20000 usd
CY2019Q1 us-gaap Convertible Debt
ConvertibleDebt
570000 usd
CY2022Q3 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
45642386 shares
CY2022Q3 ocln Aggregate Shares
AggregateShares
3165009 shares
CY2022Q3 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
3028099 shares
CY2022Q2 ocln Preferred Stock Value5
PreferredStockValue5
usd
CY2022Q2 us-gaap Treasury Stock Value
TreasuryStockValue
usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
usd
CY2022Q2 ocln Gain On Write Off Of Accounts Payable
GainOnWriteOffOfAccountsPayable
usd
CY2022Q2 ocln Warrants Deemed Dividends
WarrantsDeemedDividends
usd
ocln Rounding
Rounding
usd
ocln Common Stock Issued For Dividends On Series O Preferred Stock
CommonStockIssuedForDividendsOnSeriesOPreferredStock
usd
ocln Issuance Of Series M Preferred Stock Through A Private Placement
IssuanceOfSeriesMPreferredStockThroughAPrivatePlacement
usd
ocln Issuance Of Series R Preferred Stock Through A Private Placement
IssuanceOfSeriesRPreferredStockThroughAPrivatePlacement
usd
ocln Issuance Of Series T Preferred Stock In Exchange For Property
IssuanceOfSeriesTPreferredStockInExchangeForProperty
usd
ocln Issuance Of Series U Preferred Stock In Exchange For Property
IssuanceOfSeriesUPreferredStockInExchangeForProperty
usd
ocln Exchange Of Series F Preferred Stock For Series Q Preferred Stock
ExchangeOfSeriesFPreferredStockForSeriesQPreferredStock
usd
ocln Exchange Of Series F Preferred Stock For Series Op
ExchangeOfSeriesFPreferredStockForSeriesOP
usd
ocln Exchange Of Series G Preferred Stock For Series S Preferred Stocks
ExchangeOfSeriesGPreferredStockForSeriesSPreferredStocks
usd
ocln Exchange Of Series I Preferred Stock For Series R Preferred Stocks
ExchangeOfSeriesIPreferredStockForSeriesRPreferredStocks
usd
ocln Exchange Of Series I Preferred Stock For Series W Preferred Stocks
ExchangeOfSeriesIPreferredStockForSeriesWPreferredStocks
usd
ocln Exchange Of Series K Preferred Stock For Series W Preferred Stocks
ExchangeOfSeriesKPreferredStockForSeriesWPreferredStocks
usd
ocln Exchange Of Series M Preferred Stock For Series R Preferred Stock
ExchangeOfSeriesMPreferredStockForSeriesRPreferredStock
usd
ocln Common Stock Issued For Dividends On Series O Preferred Stock
CommonStockIssuedForDividendsOnSeriesOPreferredStock
usd
ocln Common Stock Issued For Make Good Shares For Series R Preferred Stock
CommonStockIssuedForMakeGoodSharesForSeriesRPreferredStock
usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
usd
ocln Exchange Of Series G Preferred Stock For Series S Preferred Stock
ExchangeOfSeriesGPreferredStockForSeriesSPreferredStock
usd
ocln Exchange Of Series K Preferred Stock For Series W Preferred Stock1
ExchangeOfSeriesKPreferredStockForSeriesWPreferredStock1
usd
ocln Exchange Of Series V Preferred Stock For Series Y Preferred Stock1
ExchangeOfSeriesVPreferredStockForSeriesYPreferredStock1
usd
us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
ocln Issuance Of Series T Preferred Shares In Exchange For Property
IssuanceOfSeriesTPreferredSharesInExchangeForProperty
usd
ocln Issuance Of Warrants Deemed Dividends
IssuanceOfWarrantsDeemedDividends
usd
ocln Derivative Discount Issued On Notes Payable
DerivativeDiscountIssuedOnNotesPayable
usd
ocln Fair Value Of Derivative Liabilities Issued
FairValueOfDerivativeLiabilitiesIssued
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001419793

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