2024 Q2 Form 10-K Financial Statement

#000121390024034111 Filed on April 18, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $26.29K $26.29K
YoY Change -98.99% -99.75%
Cost Of Revenue $6.552K $0.00
YoY Change -99.6% -100.0%
Gross Profit -$6.552K $26.29K $26.29K
YoY Change -103.36% -87.56% -98.24%
Gross Profit Margin 100.0% 100.0%
Selling, General & Admin $1.336M $5.402M $5.402M
YoY Change -18.85% 119.45% -24.84%
% of Gross Profit 20545.99% 20544.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.240K $7.320K $30.33K
YoY Change -4.74% -13.98% -24.09%
% of Gross Profit 27.84% 115.37%
Operating Expenses $1.336M $5.428M $5.428M
YoY Change -19.23% 119.76% -32.81%
Operating Profit -$1.343M -$5.402M -$5.402M
YoY Change -7.97% 139.16% -17.94%
Interest Expense $6.576M $8.539M $806.2K
YoY Change 1229.06% -66.98% -14.97%
% of Operating Profit
Other Income/Expense, Net $6.606M -$50.00K $8.707M
YoY Change -206.12% -114.17% -306.92%
Pretax Income $5.263M $3.306M -$2.441M
YoY Change -168.49% -85.69% -207.74%
Income Tax
% Of Pretax Income
Net Earnings $3.607M -$11.63M -$11.63M
YoY Change -146.94% -150.32% 7.74%
Net Earnings / Revenue -44221.3% -44217.95%
Basic Earnings Per Share $0.00 -$0.01
Diluted Earnings Per Share $0.00 $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 1.518B shares 1.399B shares 1.286B shares
Diluted Shares Outstanding 1.559B shares 1.286B shares

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $69.07K $150.8K $150.8K
YoY Change -95.08% -77.26% -77.26%
Cash & Equivalents $32.90K $488.8K
Short-Term Investments $36.17K $36.17K $36.17K
Other Short-Term Assets $1.972M $2.339M $2.339M
YoY Change -67.13% 58.08% 214.44%
Inventory
Prepaid Expenses $11.05K
Receivables $1.510M
Other Receivables
Total Short-Term Assets $2.041M $2.490M $2.490M
YoY Change -48.3% -53.6% -53.6%
LONG-TERM ASSETS
Property, Plant & Equipment $132.2K $146.7K $146.7K
YoY Change -18.19% -17.13% -17.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.200K $3.200K $3.200K
YoY Change 33.33% 33.33% 33.33%
Other Assets $451.0K $499.0K $499.0K
YoY Change -20.82% -37.63% -37.63%
Total Long-Term Assets $590.9K $653.4K $653.4K
YoY Change -19.94% -33.59% -33.59%
TOTAL ASSETS
Total Short-Term Assets $2.041M $2.490M $2.490M
Total Long-Term Assets $590.9K $653.4K $653.4K
Total Assets $2.632M $3.143M $3.143M
YoY Change -43.84% -50.5% -50.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $818.1K $647.5K $647.5K
YoY Change -63.85% -82.89% -82.89%
Accrued Expenses $1.867M $1.775M $1.775M
YoY Change -4.68% 8.61% 8.61%
Deferred Revenue
YoY Change
Short-Term Debt $145.9K $177.9K $177.9K
YoY Change -61.62% -1.43% -1.43%
Long-Term Debt Due $597.9K $2.473M $2.473M
YoY Change -96.1% 3.67% 3.67%
Total Short-Term Liabilities $44.29M $34.74M $34.32M
YoY Change 55.55% 77.15% 79.76%
LONG-TERM LIABILITIES
Long-Term Debt $2.020M $144.8K $144.8K
YoY Change 844.82% -92.34% -92.34%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.020M $144.8K $144.8K
YoY Change 844.82% -92.34% -92.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $44.29M $34.74M $34.32M
Total Long-Term Liabilities $2.020M $144.8K $144.8K
Total Liabilities $46.31M $34.88M $32.23M
YoY Change 61.43% 62.26% 53.59%
SHAREHOLDERS EQUITY
Retained Earnings -$131.2M -$119.2M
YoY Change 10.35% 9.41%
Common Stock $161.3K $82.09M
YoY Change -99.81% -0.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$40.69M -$29.08M -$29.08M
YoY Change
Total Liabilities & Shareholders Equity $2.632M $3.143M $3.143M
YoY Change -43.84% -50.5% -50.5%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $3.607M -$11.63M -$11.63M
YoY Change -146.94% -150.32% 7.74%
Depreciation, Depletion And Amortization $7.240K $7.320K $30.33K
YoY Change -4.74% -13.98% -24.09%
Cash From Operating Activities -$1.409M -$1.096M -$5.514M
YoY Change 9.78% -7.9% 18.61%
INVESTING ACTIVITIES
Capital Expenditures $4.500K $4.500K $18.00K
YoY Change 0.0% 0.0% -16.82%
Acquisitions
YoY Change
Other Investing Activities -$505.0K -$735.2K -$3.729M
YoY Change -33.78% -35.35% 227.89%
Cash From Investing Activities -$509.5K -$739.7K -$3.747M
YoY Change -33.58% -35.21% 223.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.494M 1.172M $8.395M
YoY Change -40.91% -38.68% 30.04%
NET CHANGE
Cash From Operating Activities -1.409M -1.096M -$5.514M
Cash From Investing Activities -509.5K -739.7K -$3.747M
Cash From Financing Activities 1.494M 1.172M $8.395M
Net Change In Cash -424.6K -664.4K -$866.0K
YoY Change -188.94% 57.65% -233.56%
FREE CASH FLOW
Cash From Operating Activities -$1.409M -$1.096M -$5.514M
Capital Expenditures $4.500K $4.500K $18.00K
Free Cash Flow -$1.413M -$1.101M -$5.532M
YoY Change 9.75% -7.87% 18.45%

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CommonStockIssuedThroughARegAToInvestorsForCash
141373 usd
CY2023 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
167365 usd
CY2023 ocln Stock Issued During Period Value Issued Fair Valuefor Services
StockIssuedDuringPeriodValueIssuedFairValueforServices
782605 usd
CY2023 ocln Common Stock Issued For Conversion Of Series O Preferred Stock
CommonStockIssuedForConversionOfSeriesOPreferredStock
40000 usd
CY2023 ocln Common Stock Issued For Conversion Of Series Q Preferred Stock
CommonStockIssuedForConversionOfSeriesQPreferredStock
195000 usd
CY2023 ocln Common Stock Issued For Conversion Of Series R Preferred Stock
CommonStockIssuedForConversionOfSeriesRPreferredStock
1120000 usd
CY2023 ocln Common Stock Issued For Conversion Of Series S Preferred Stock
CommonStockIssuedForConversionOfSeriesSPreferredStock
50000 usd
CY2023 ocln Common Stock Issued For Conversion Of Series U Preferred Stock
CommonStockIssuedForConversionOfSeriesUPreferredStock
115000 usd
CY2023 ocln Common Stock Issued For Conversion Of Series W Preferred Stock
CommonStockIssuedForConversionOfSeriesWPreferredStock
33000 usd
CY2023 ocln Common Stock Issued For Conversion Of Series Y Preferred Stock
CommonStockIssuedForConversionOfSeriesYPreferredStock
1901500 usd
CY2023 ocln Common Stock Issued For Conversion Of Series Z Preferred Stock
CommonStockIssuedForConversionOfSeriesZPreferredStock
250000 usd
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-120540 usd
CY2023 ocln Redemption Of Common Stock For Note Purchase Agreement
RedemptionOfCommonStockForNotePurchaseAgreement
-7499390 usd
CY2023 ocln Issuance Of Common Stock To Investors After Merger
IssuanceOfCommonStockToInvestorsAfterMerger
576618 usd
CY2023 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
60000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
325000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-11625783 usd
CY2023Q4 ocln Stockholders Equity Including Portions Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionsAttributableToNoncontrollingInterest
-39263958 usd
CY2023 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
3305693 usd
CY2022 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-10466395 usd
CY2023 ocln Net Loss Related To Assets Heldforsale
NetLossRelatedToAssetsHeldforsale
14931476 usd
CY2022 ocln Net Loss Related To Assets Heldforsale
NetLossRelatedToAssetsHeldforsale
324326 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30333 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
39959 usd
CY2023 ocln Payments Of Preferred Stock Dividends
PaymentsOfPreferredStockDividends
-782605 usd
CY2022 ocln Payments Of Preferred Stock Dividends
PaymentsOfPreferredStockDividends
-1433828 usd
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-1836145 usd
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
3052775 usd
CY2023 ocln Share Issued
ShareIssued
-120540 usd
CY2023 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
576618 usd
CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
59900 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3743 usd
CY2023 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
9842 usd
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-186993 usd
CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
114000 usd
CY2023 ocln Impairment Of Receivable From Spac
ImpairmentOfReceivableFromSPAC
4029985 usd
CY2022 ocln Impairment Of Receivable From Spac
ImpairmentOfReceivableFromSPAC
737267 usd
CY2023 ocln Conversion And Settlement Value Added To Note Purchase Agreements
ConversionAndSettlementValueAddedToNotePurchaseAgreements
-609199 usd
CY2022 ocln Gain Loss On Conversion Of Preferred Stock
GainLossOnConversionOfPreferredStock
-434380 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
218064 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
50000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-969619 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
328156 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-1024389 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
1100559 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2850 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-25000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
11889 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1784052 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2350309 usd
CY2023 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
1320131 usd
CY2022 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
215744 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
413909 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-954488 usd
CY2023 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-2000 usd
CY2022 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
15600 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5513658 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4648365 usd
CY2022 ocln Payments To Acquire Class B Common Shares In Spac
PaymentsToAcquireClassBCommonSharesInSPAC
400000 usd
CY2023 ocln Purchase Of Spac Notes Payable
PurchaseOfSPACNotesPayable
-4029985 usd
CY2022 ocln Purchase Of Spac Notes Payable
PurchaseOfSPACNotesPayable
-737267 usd
CY2023 us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
301000 usd
CY2023 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
18000 usd
CY2022 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
21637 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3746985 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1158904 usd
CY2022 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
7985 usd
CY2023 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2573 usd
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
345875 usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
167067 usd
CY2023 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
90000 usd
CY2023 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-39205 usd
CY2023 ocln Equity Financing Purchase Agreement
EquityFinancingPurchaseAgreement
141373 usd
CY2023 ocln Payments On Cumulative Preferred Stock Dividends
PaymentsOnCumulativePreferredStockDividends
-107806 usd
CY2022 ocln Payments On Cumulative Preferred Stock Dividends
PaymentsOnCumulativePreferredStockDividends
-58870 usd
CY2023 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
6923000 usd
CY2022 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
1347500 usd
CY2023 ocln Redemption Of Shares For Secured Promissory Notes
RedemptionOfSharesForSecuredPromissoryNotes
-60000 usd
CY2023 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
325000 usd
CY2023 ocln Net Proceeds For Issuance Of Preferred Stock For Cash Liability Classification
NetProceedsForIssuanceOfPreferredStockForCashLiabilityClassification
610450 usd
CY2022 ocln Net Proceeds For Issuance Of Preferred Stock For Cash Liability Classification
NetProceedsForIssuanceOfPreferredStockForCashLiabilityClassification
5057277 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8394659 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6455662 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-865984 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
648393 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1354814 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
706421 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
488830 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1354814 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
951531 usd
CY2023 ocln Common Stock Issued At Fair Value For Conversion Of Debt Plus Accrued Interest And Other Fees
CommonStockIssuedAtFairValueForConversionOfDebtPlusAccruedInterestAndOtherFees
167365 usd
CY2022 ocln Common Stock Issued At Fair Value For Conversion Of Debt Plus Accrued Interest And Other Fees
CommonStockIssuedAtFairValueForConversionOfDebtPlusAccruedInterestAndOtherFees
270546 usd
CY2023 ocln Issuance Of Warrants Deemed Dividends
IssuanceOfWarrantsDeemedDividends
87 usd
CY2022 ocln Issuance Of Warrants Deemed Dividends
IssuanceOfWarrantsDeemedDividends
126 usd
CY2023 ocln Preferred Stock Converted To Common Stock Equity
PreferredStockConvertedToCommonStockEquity
3704500 usd
CY2022 ocln Preferred Stock Converted To Common Stock Equity
PreferredStockConvertedToCommonStockEquity
4962347 usd
CY2023 ocln Exchange Of Series R Preferred Stock For Wodi Secured Convertible Notes
ExchangeOfSeriesRPreferredStockForWODISecuredConvertibleNotes
100000 usd
CY2023 ocln Exchange Of Series X Preferred Stock For Wodi Secured Convertible Notes
ExchangeOfSeriesXPreferredStockForWODISecuredConvertibleNotes
250000 usd
CY2022 ocln Exchange From Mezzanine To Liability
ExchangeFromMezzanineToLiability
520000 usd
CY2023 ocln Common Stock Issued As Settlement
CommonStockIssuedAsSettlement
30644 usd
CY2022 ocln Common Stock Issued As Settlement
CommonStockIssuedAsSettlement
17909 usd
CY2022 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
154 usd
CY2022Q4 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
1 pure
CY2022Q4 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
2443750 shares
CY2023Q1 us-gaap Deposit Liability Uninsured
DepositLiabilityUninsured
977500 usd
CY2023Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.1
CY2023Q4 ocln Equity Valuation Amount
EquityValuationAmount
72000000 usd
CY2023 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
26292 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="text-decoration:underline">Concentration Risk</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Cash includes amounts deposited in financial institutions in excess of insurable Federal Deposit Insurance Company (FDIC) limits. At times throughout the year, the Company may maintain cash balances in certain bank accounts in excess of FDIC limits. As of December 31, 2023, there was no cash balance in excess of the FDIC limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk in these accounts.</p>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="text-decoration:underline">Use of Estimates</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">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.</p>
CY2023 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
3305693 usd
CY2022 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-10466395 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1285642179 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
679049314 shares
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
379335 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
17315 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1509504 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2479123 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
0 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
25000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
201323 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
206285 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
607012 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
607012 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
460276 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
429943 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
146736 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
177069 usd
CY2023 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
26317 usd
CY2022 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
30398 usd
CY2021Q1 us-gaap Indefinite Lived International Slots And Routes
IndefiniteLivedInternationalSlotsAndRoutes
630000 usd
CY2021Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
580000 usd
CY2021Q1 us-gaap Land Available For Development
LandAvailableForDevelopment
50000 usd
CY2021Q1 ocln Real Property Share
RealPropertyShare
630 shares
CY2021Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
630000 usd
CY2021Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
116000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
114000 usd
CY2023Q2 us-gaap Deferred Gain On Sale Of Property
DeferredGainOnSaleOfProperty
400000 usd
CY2023Q2 ocln Initial Payment
InitialPayment
235000 usd
CY2023Q2 ocln Installments Charges
InstallmentsCharges
11000 usd
CY2023Q2 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
164935 usd
CY2023Q2 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
65493 usd
CY2023Q2 us-gaap Other Receivables
OtherReceivables
169572 usd
CY2023 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
70572 usd
CY2023Q4 us-gaap Other Receivables
OtherReceivables
99000 usd
CY2023Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
39367 usd
CY2022Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
29525 usd
CY2023Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
7742759 usd
CY2022Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
9578904 usd
CY2023Q4 us-gaap Derivative Instruments And Hedges Liabilities Noncurrent
DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent
7416706 usd
CY2023Q4 ocln Derivative Outstanding On Derivative
DerivativeOutstandingOnDerivative
326218 usd
CY2023Q4 us-gaap Capital Units Total Cost To Investors
CapitalUnitsTotalCostToInvestors
7742924 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
9578904 usd
CY2023 ocln Net Loss Gain On Conversion Of Debt And Change In Derivative Liability
NetLossGainOnConversionOfDebtAndChangeInDerivativeLiability
-1836145 usd
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
7742759 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="text-decoration:underline">Reclassification </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Certain amounts in the prior period financial statements have been reclassified to conform to the presentation used in the current financial statements for comparative purpose. There was no material effect on the Company’s previously issued financial statements.</p>
CY2017Q1 ocln Percentage Of Voting Shares
PercentageOfVotingShares
0.51 pure
CY2021Q4 us-gaap Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
0.0999 pure
CY2022Q1 us-gaap Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
0.0999 pure
CY2022Q2 ocln Designated Preferred Stock Issued
DesignatedPreferredStockIssued
100000000 shares
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023 us-gaap Other General Expense
OtherGeneralExpense
382793 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.37
CY2023 ocln Aggregate Expense
AggregateExpense
193825 usd
CY2023 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
141373 usd
CY2023 ocln Aggregate Share
AggregateShare
20492456 shares
CY2023 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
11584932 shares
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
120540 usd
CY2023 ocln Conversion Of Common Shares
ConversionOfCommonShares
764640346 shares
CY2023 ocln Conversion Of Preferred Shares
ConversionOfPreferredShares
3704500 usd
CY2023 us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
853916848 shares
CY2023Q4 ocln Redeemed Common Stock Value
RedeemedCommonStockValue
0.0064 usd
CY2023Q4 us-gaap Share Price
SharePrice
0.01
CY2022 ocln Prices Ranging Description
PricesRangingDescription
The Company issued 63,201,050 shares of common stock for services at fair value of $1,433,828, at share prices ranging from $0.0051 to $0.0135.
CY2022 ocln Conversion Of Common Shares
ConversionOfCommonShares
421892206 shares
CY2022 ocln Conversion Of Preferred Shares
ConversionOfPreferredShares
4962347 usd
CY2022Q2 ocln Proceeds From Sale Of Shares
ProceedsFromSaleOfShares
60000 usd
CY2023Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
2472944 usd
CY2023Q4 ocln Convertible Promissory Notes
ConvertiblePromissoryNotes
144747 usd
CY2023Q4 us-gaap Fair Value Option Aggregate Differences Loans And Long Term Receivables
FairValueOptionAggregateDifferencesLoansAndLongTermReceivables
683700 usd
CY2023Q4 us-gaap Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
1200000 usd
CY2023 ocln Percentage Of Issued And Outstanding
PercentageOfIssuedAndOutstanding
0.9083 pure
CY2023 ocln Board Of Directors Amendment Description
BoardOfDirectorsAmendmentDescription
May 12, 2016, and August 4, 2022, the Company entered into Restricted Stock Grant Agreements (“the RSGAs”) with its Chief Executive Officer, the Board, Employees and Consultants to create management incentives to improve the economic performance of the Company and to increase its value and stock price.
CY2023Q4 us-gaap Shortduration Insurance Contracts Liability For Unpaid Claims And Claim Adjustment Expense Aggregate Reconciling Items
ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndClaimAdjustmentExpenseAggregateReconcilingItems
120540 usd
CY2023Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
64802589 shares
CY2023Q4 ocln Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Warrants
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableWarrants
64802589 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
93344989
CY2022Q4 ocln Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Warrants
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableWarrants
93344989 shares
CY2023Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
0 usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
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