2024 Q1 Form 10-Q Financial Statement

#000121390024043834 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023 Q1
Revenue $6.573K $26.29K $2.006M
YoY Change -99.67% -98.99% 62.58%
Cost Of Revenue $0.00 $1.875M
YoY Change -100.0% 28.55%
Gross Profit $6.573K $26.29K $131.1K
YoY Change -94.99% -87.56% -158.32%
Gross Profit Margin 100.0% 100.0% 6.53%
Selling, General & Admin $1.420M $5.402M $1.903M
YoY Change -25.38% 119.45% 24.67%
% of Gross Profit 21602.62% 20545.99% 1451.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.264K $7.320K $7.829K
YoY Change -7.22% -13.98% -27.04%
% of Gross Profit 110.51% 27.84% 5.97%
Operating Expenses $1.427M $5.428M $1.911M
YoY Change -25.35% 119.76% 24.31%
Operating Profit -$1.420M -$5.402M -$1.780M
YoY Change -20.22% 139.16% 1.01%
Interest Expense $187.0K $8.539M $256.0K
YoY Change -26.96% -66.98% -115.25%
% of Operating Profit
Other Income/Expense, Net -$12.24M -$50.00K -$421.5K
YoY Change 2803.72% -114.17%
Pretax Income -$13.66M $3.306M -$2.201M
YoY Change 520.53% -85.69% -38.45%
Income Tax
% Of Pretax Income
Net Earnings -$15.90M -$11.63M -$2.201M
YoY Change 622.15% -150.32% -38.45%
Net Earnings / Revenue -241842.13% -44221.3% -109.71%
Basic Earnings Per Share -$0.01 $0.00
Diluted Earnings Per Share -$0.01 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 1.444B shares 1.399B shares 1.062B shares
Diluted Shares Outstanding 1.444B shares 1.062B shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $220.6K $150.8K $925.6K
YoY Change -76.16% -77.26% 4.22%
Cash & Equivalents $660.2K $488.8K $903.0K
Short-Term Investments $63.29K $36.17K $22.60K
Other Short-Term Assets $1.619M $2.339M $1.432M
YoY Change 13.09% 58.08% 33.36%
Inventory
Prepaid Expenses $11.94K $11.37K
Receivables $751.1K $1.510M $2.132M
Other Receivables $2.132M
Total Short-Term Assets $1.840M $2.490M $4.501M
YoY Change -59.12% -53.6% 18.88%
LONG-TERM ASSETS
Property, Plant & Equipment $139.5K $146.7K $169.2K
YoY Change -17.59% -17.13% -16.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.200K $3.200K $2.400K
YoY Change 33.33% 33.33% -72.73%
Other Assets $466.0K $499.0K $800.0K
YoY Change -41.75% -37.63% 55.64%
Total Long-Term Assets $613.1K $653.4K $976.1K
YoY Change -37.19% -33.59% 33.73%
TOTAL ASSETS
Total Short-Term Assets $1.840M $2.490M $4.501M
Total Long-Term Assets $613.1K $653.4K $976.1K
Total Assets $2.453M $3.143M $5.477M
YoY Change -55.21% -50.5% 21.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $659.1K $647.5K $2.858M
YoY Change -76.94% -82.89% 99.33%
Accrued Expenses $1.839M $1.775M $1.811M
YoY Change 1.54% 8.61% 18.27%
Deferred Revenue $916.9K
YoY Change
Short-Term Debt $177.2K $177.9K $379.8K
YoY Change -53.34% -1.43% 110.24%
Long-Term Debt Due $598.0K $2.473M $8.778M
YoY Change -93.19% 3.67% 448.02%
Total Short-Term Liabilities $47.68M $34.74M $21.57M
YoY Change 121.08% 77.15% 38.11%
LONG-TERM LIABILITIES
Long-Term Debt $2.020M $144.8K $883.8K
YoY Change 128.54% -92.34% -37.59%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.020M $144.8K $883.8K
YoY Change 128.54% -92.34% -37.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $47.68M $34.74M $21.57M
Total Long-Term Liabilities $2.020M $144.8K $883.8K
Total Liabilities $49.70M $34.88M $22.45M
YoY Change 121.37% 62.26% 31.82%
SHAREHOLDERS EQUITY
Retained Earnings -$134.9M -$119.2M -$111.2M
YoY Change 21.35% 9.41%
Common Stock $82.67M $82.09M $84.11M
YoY Change -1.71% -0.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$44.40M -$29.08M -$26.96M
YoY Change
Total Liabilities & Shareholders Equity $2.453M $3.143M $5.477M
YoY Change -55.21% -50.5% 21.28%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023 Q1
OPERATING ACTIVITIES
Net Income -$15.90M -$11.63M -$2.201M
YoY Change 622.15% -150.32% -38.45%
Depreciation, Depletion And Amortization $7.264K $7.320K $7.829K
YoY Change -7.22% -13.98% -27.04%
Cash From Operating Activities -$725.8K -$1.096M -$2.000M
YoY Change -63.7% -7.9% 636.3%
INVESTING ACTIVITIES
Capital Expenditures $4.500K $4.500K $4.500K
YoY Change 0.0% 0.0% -200.0%
Acquisitions
YoY Change
Other Investing Activities -$557.0K -$735.2K -$1.658M
YoY Change -66.4% -35.35%
Cash From Investing Activities -$561.5K -$739.7K -$1.662M
YoY Change -66.22% -35.21% 36842.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $130.6K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.459M 1.172M $3.210M
YoY Change -54.56% -38.68% 125.42%
NET CHANGE
Cash From Operating Activities -$725.8K -1.096M -$2.000M
Cash From Investing Activities -$561.5K -739.7K -$1.662M
Cash From Financing Activities $1.459M 1.172M $3.210M
Net Change In Cash $171.3K -664.4K -$451.8K
YoY Change -137.92% 57.65% -139.36%
FREE CASH FLOW
Cash From Operating Activities -$725.8K -$1.096M -$2.000M
Capital Expenditures $4.500K $4.500K $4.500K
Free Cash Flow -$730.3K -$1.101M -$2.004M
YoY Change -63.56% -7.87% 650.39%

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StockIssuedDuringPeriodValuePurchaseOfAssets
687678 usd
CY2024Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
169596 usd
CY2024Q1 ocln Common Stock Issued For Conversion Of Series Q Preferred Stock
CommonStockIssuedForConversionOfSeriesQPreferredStock
20000 usd
CY2024Q1 ocln Common Stock Issued For Conversion Of Series R Preferred Stock
CommonStockIssuedForConversionOfSeriesRPreferredStock
135000 usd
CY2024Q1 ocln Common Stock Issued For Conversion Of Series S Preferred Stock
CommonStockIssuedForConversionOfSeriesSPreferredStock
10000 usd
CY2024Q1 ocln Common Stock Issued For Conversion Of Series W Preferred Stock
CommonStockIssuedForConversionOfSeriesWPreferredStock
50001 usd
CY2024Q1 ocln Common Stock Issued For Conversion Of Series Y Preferred Stock
CommonStockIssuedForConversionOfSeriesYPreferredStock
240000 usd
CY2024Q1 ocln Stock Issued During Period Value Issued Fair Valuefor Services
StockIssuedDuringPeriodValueIssuedFairValueforServices
213081 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
426230 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-15896283 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-54584010 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-13659322 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
3697207 usd
CY2024Q1 ocln Net Loss Related To Assets Heldforsale
NetLossRelatedToAssetsHeldforsale
2236961 usd
CY2023Q1 ocln Net Loss Related To Assets Heldforsale
NetLossRelatedToAssetsHeldforsale
4188741 usd
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7264 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7829 usd
CY2024Q1 ocln Payments Of Preferred Stock Dividends
PaymentsOfPreferredStockDividends
-213081 usd
CY2023Q1 ocln Payments Of Preferred Stock Dividends
PaymentsOfPreferredStockDividends
-253210 usd
CY2024Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
12767194 usd
CY2023Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-3875377 usd
CY2023Q1 ocln Converted Value Of Secured Promissory Notes
ConvertedValueOfSecuredPromissoryNotes
2505339 usd
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
169596 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
92724 usd
CY2024Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
27125 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-4521 usd
CY2024Q1 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
590000 usd
CY2023Q1 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
1657920 usd
CY2024Q1 ocln Conversion And Settlement Value Added To Note Purchase Agreements
ConversionAndSettlementValueAddedToNotePurchaseAgreements
-692000 usd
CY2024Q1 us-gaap Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
687678 usd
CY2023Q1 us-gaap Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
1802443 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-758374 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-346797 usd
CY2024Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-101791 usd
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-47700 usd
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
11936 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-13628 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-341187 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-921795 usd
CY2024Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
487156 usd
CY2023Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
177439 usd
CY2024Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
451997 usd
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-15523 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-725756 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1906841 usd
CY2024Q1 ocln Purchase Of Spac Notes Payable
PurchaseOfSPACNotesPayable
-590000 usd
CY2023Q1 ocln Purchase Of Spac Notes Payable
PurchaseOfSPACNotesPayable
-1657920 usd
CY2024Q1 us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
33000 usd
CY2024Q1 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
4500 usd
CY2023Q1 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
4500 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-561500 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1662420 usd
CY2024Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
660 usd
CY2023Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
633 usd
CY2023Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
200000 usd
CY2024Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
89040 usd
CY2024Q1 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-110695 usd
CY2023Q1 ocln Equity Financing Purchase Agreement
EquityFinancingPurchaseAgreement
130584 usd
CY2024Q1 ocln Payments On Cumulative Preferred Stock Dividends
PaymentsOnCumulativePreferredStockDividends
-20261 usd
CY2023Q1 ocln Payments On Cumulative Preferred Stock Dividends
PaymentsOnCumulativePreferredStockDividends
-3210 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
960000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
2532000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
426230 usd
CY2024Q1 ocln Net Proceeds For Issuance Of Preferred Stock For Cash Liability Classification
NetProceedsForIssuanceOfPreferredStockForCashLiabilityClassification
252500 usd
CY2023Q1 ocln Net Proceeds For Issuance Of Preferred Stock For Cash Liability Classification
NetProceedsForIssuanceOfPreferredStockForCashLiabilityClassification
345000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1458596 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3210161 usd
CY2024Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
11936 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
171340 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-451824 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
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
660170 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
902990 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
255983 usd
CY2024Q1 ocln Issuance Of Warrants Deemed Dividends
IssuanceOfWarrantsDeemedDividends
17 usd
CY2023Q1 ocln Issuance Of Warrants Deemed Dividends
IssuanceOfWarrantsDeemedDividends
24 usd
CY2024Q1 ocln Preferred Stock Converted To Common Stock Equity
PreferredStockConvertedToCommonStockEquity
455000 usd
CY2023Q1 ocln Preferred Stock Converted To Common Stock Equity
PreferredStockConvertedToCommonStockEquity
875000 usd
CY2023Q1 ocln Exchange Of Series R Preferred Stock For Wodi Secured Convertible Notes
ExchangeOfSeriesRPreferredStockForWODISecuredConvertibleNotes
100000 usd
CY2023Q1 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
250000 usd
CY2024Q1 ocln Common Stock Issued As Settlement
CommonStockIssuedAsSettlement
1933 usd
CY2023Q1 ocln Common Stock Issued As Settlement
CommonStockIssuedAsSettlement
8584 usd
CY2024Q1 us-gaap Revenues
Revenues
6573 usd
CY2024Q1 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>
CY2024Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-13659322 usd
CY2023Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
3789931 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1443544402 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1062100064 shares
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
368917 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
379335 usd
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
751130 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1509504 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
0 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
607012 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
607012 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
467539 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
460277 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
139473 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
146735 usd
CY2022 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
6582 usd
CY2024Q1 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
6690 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
CY2021 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
CY2024Q1 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
103572 usd
CY2024Q1 us-gaap Other Receivables
OtherReceivables
66000 usd
CY2023Q1 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
8584 usd
CY2023Q1 ocln Conversion Of Common Shares
ConversionOfCommonShares
150448490 shares
CY2023Q1 ocln Conversion Of Preferred Shares
ConversionOfPreferredShares
875000 usd
CY2023Q1 us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
182145203 shares
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q1 us-gaap Payable Common Stock Redeemed
PayableCommonStockRedeemed
1802443 usd
CY2024Q1 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
66492 usd
CY2024Q1 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
20509953 usd
CY2024Q1 us-gaap Derivative Instruments And Hedges Liabilities Noncurrent
DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent
20052649 usd
CY2024Q1 ocln Derivative Outstanding On Derivative
DerivativeOutstandingOnDerivative
457304 usd
CY2024Q1 us-gaap Capital Units Total Cost To Investors
CapitalUnitsTotalCostToInvestors
20509953 usd
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
7742759 usd
CY2024Q1 ocln Net Loss Gain On Conversion Of Debt And Change In Derivative Liability
NetLossGainOnConversionOfDebtAndChangeInDerivativeLiability
12767194 usd
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
20509953 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2024Q1 ocln Percentage Of Issued And Outstanding
PercentageOfIssuedAndOutstanding
0.9083 pure
CY2024Q1 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
CY2024Q1 ocln Aggregate Share
AggregateShare
172730 shares
CY2024Q1 ocln Annualized Dividends
AnnualizedDividends
0.04 pure
CY2024Q1 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
135 shares
CY2021Q4 ocln Outstanding Common Stock Owning
OutstandingCommonStockOwning
0.0499 pure
CY2021Q4 us-gaap Common Stock Convertible Conversion Price Increase
CommonStockConvertibleConversionPriceIncrease
9.99
CY2023 ocln Conversion Of Stock Shares Converted
ConversionOfStockSharesConverted
25 shares
CY2024Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
687678 usd
CY2024Q1 ocln Prices Ranging Description
PricesRangingDescription
The Company issued 20,698,356 shares of common stock for services at fair value of $213,081, at share prices ranging from $0.0065 - $0.011.
CY2024Q1 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
20937829 shares
CY2024Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
169596 usd
CY2024Q1 ocln Conversion Of Common Shares
ConversionOfCommonShares
101048108 shares
CY2024Q1 ocln Conversion Of Preferred Shares
ConversionOfPreferredShares
455000 usd
CY2023Q1 us-gaap Shares Issued
SharesIssued
18645028 shares
CY2023Q1 ocln Equity Financing Purchase Agreement
EquityFinancingPurchaseAgreement
130584 usd
CY2023Q1 us-gaap Common Stock Convertible Conversion Price Decrease
CommonStockConvertibleConversionPriceDecrease
0.0064
CY2023Q1 us-gaap Common Stock Convertible Conversion Price Increase
CommonStockConvertibleConversionPriceIncrease
0.00816
CY2024Q1 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.
CY2024Q1 ocln Aggregate Share Issued
AggregateShareIssued
20937829 shares
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
169596 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
426230 usd
CY2024Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
66421089 shares
CY2024Q1 ocln Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Warrants
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableWarrants
66421089 shares
CY2024Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
2617692 usd
CY2024Q1 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
597945 usd
CY2024Q1 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
2019747 usd
CY2024Q1 us-gaap Fair Value Option Aggregate Differences Loans And Long Term Receivables
FairValueOptionAggregateDifferencesLoansAndLongTermReceivables
683700 usd
CY2024Q1 us-gaap Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
1200000 usd
CY2024Q1 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
20052649 usd
CY2024Q1 ocln Convertible Promissory Note
ConvertiblePromissoryNote
18381089 usd
CY2024Q1 ocln Revenue From Equipment Contracts
RevenueFromEquipmentContracts
363358 usd
CY2023Q1 ocln Revenue From Equipment Contracts
RevenueFromEquipmentContracts
926190 usd
CY2024Q1 ocln Component Sales
ComponentSales
206387 usd
CY2023Q1 ocln Component Sales
ComponentSales
198391 usd
CY2023Q1 ocln Waste Water Treatment Systems
WasteWaterTreatmentSystems
791075 usd
CY2024Q1 ocln Pump Stations
PumpStations
296360 usd
CY2023Q1 ocln Pump Stations
PumpStations
75615 usd
CY2024Q1 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
6573 usd
CY2023Q1 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
6573 usd
CY2024Q1 ocln Revenue From Internet Sales
RevenueFromInternetSales
70534 usd
CY2023Q1 ocln Revenue From Internet Sales
RevenueFromInternetSales
8550 usd
CY2024Q1 ocln Commission Training
CommissionTraining
225 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
943437 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2006394 usd
CY2024Q1 us-gaap Revenues
Revenues
6573 usd
CY2023Q1 us-gaap Revenues
Revenues
6573 usd
CY2024Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
936864 usd
CY2023Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
1999821 usd
CY2024Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
353311 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
445102 usd
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1798364 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1346366 usd
CY2018Q2 ocln Share Price Amount
SharePriceAmount
30000 usd
CY2024Q1 ocln Preferred Shares Fair Value
PreferredSharesFairValue
3200 usd
CY2024Q1 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
0 usd
CY2024Q1 us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
63292 usd
CY2024Q1 us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
27125 usd
CY2024Q1 us-gaap Additions To Other Assets Amount
AdditionsToOtherAssetsAmount
1749970 usd
CY2024Q1 us-gaap Lease Cost
LeaseCost
624810 usd
CY2024Q1 us-gaap Notes And Loans Payable
NotesAndLoansPayable
30646 usd
CY2023Q4 us-gaap Additions To Other Assets Amount
AdditionsToOtherAssetsAmount
149900 usd
CY2023Q4 us-gaap Lease Cost
LeaseCost
59900 usd
CY2023Q4 us-gaap Capital Units Net Amount
CapitalUnitsNetAmount
90000 usd
CY2024Q1 us-gaap Loans Payable
LoansPayable
0 usd
CY2024Q1 ocln Remaining Balance Amount
RemainingBalanceAmount
146557 usd
CY2022Q4 ocln Paid Total Amount
PaidTotalAmount
1137267 usd
CY2022Q4 ocln Membership Interest Amount
MembershipInterestAmount
400000 usd
CY2022Q4 us-gaap Compensating Balance Amount
CompensatingBalanceAmount
737267 usd
CY2022 us-gaap Increase Decrease In Notes Payable Related Parties Current
IncreaseDecreaseInNotesPayableRelatedPartiesCurrent
737267 usd
CY2022 us-gaap Debt Instrument Interest Rate Increase Decrease
DebtInstrumentInterestRateIncreaseDecrease
0.10 pure
CY2023Q1 us-gaap Deposits
Deposits
977500 usd
CY2023Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.1
CY2023Q2 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
10514410 shares
CY2023Q2 ocln Special Meeting Total Number Of Percentage
SpecialMeetingTotalNumberOfPercentage
0.8161 pure
CY2024Q1 ocln Sufficient Votes Percentage
SufficientVotesPercentage
0.65 pure
CY2023Q2 ocln Other Assets Exchange Shares
OtherAssetsExchangeShares
6000000 shares
CY2023Q4 ocln Total Shares
TotalShares
5687847 shares
CY2023Q4 ocln Issued And Outstanding Percentage
IssuedAndOutstandingPercentage
0.8459 pure
CY2023Q4 ocln Additional Term
AdditionalTerm
P1Y
CY2024Q1 ocln Aggregate Amounts Of Spac
AggregateAmountsOfSPAC
4619985 usd
CY2024Q1 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
4619985 usd
CY2024Q1 us-gaap Other Notes Payable
OtherNotesPayable
590000 usd
CY2024Q1 ocln Common Shares Purchase Cost
CommonSharesPurchaseCost
400000 usd
CY2024Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
50000 shares
CY2024Q1 us-gaap Restricted Investments Percent Of Net Assets
RestrictedInvestmentsPercentOfNetAssets
0.25 pure
CY2023Q3 ocln Issuance Of Shares
IssuanceOfShares
15550000 shares
CY2023 us-gaap Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
345875 usd
CY2023 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.2607 pure
CY2024Q1 us-gaap Principal Investment Gains Losses
PrincipalInvestmentGainsLosses
256107 usd
CY2024Q1 us-gaap Investment Sold Not Yet Purchased Balance Principal Amount
InvestmentSoldNotYetPurchasedBalancePrincipalAmount
89768 usd
CY2021Q1 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
630 shares
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
116000 usd
CY2022Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
400000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
114000 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 Remaining Initial Payment
RemainingInitialPayment
165000 usd
CY2023Q2 us-gaap Replacement Reserve Escrow
ReplacementReserveEscrow
11000 usd
CY2023Q2 us-gaap Proceeds From Commissions Received
ProceedsFromCommissionsReceived
164935 usd
CY2023Q2 us-gaap Payments For Fees
PaymentsForFees
65493 usd
CY2023Q2 us-gaap Accounts Receivable Purchase
AccountsReceivablePurchase
169572 usd
CY2024Q1 ocln Additional Payments Total
AdditionalPaymentsTotal
103572 usd
CY2024Q1 us-gaap Other Receivables
OtherReceivables
66000 usd
CY2024Q1 us-gaap Rental Properties
RentalProperties
8500 usd
CY2024Q1 ocln Warranty Reserve Current
WarrantyReserveCurrent
20000 usd
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
usd
CY2023Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
usd
CY2024Q1 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.00
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.00
CY2024Q1 ocln Earnings Per Share From Assets Heldforsale Fully Diluted
EarningsPerShareFromAssetsHeldforsaleFullyDiluted
0.00
CY2023Q1 ocln Earnings Per Share From Assets Heldforsale Fully Diluted
EarningsPerShareFromAssetsHeldforsaleFullyDiluted
0.00
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1062100064 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1443544402 shares
CY2023Q1 ocln Common Stock Issued For Conversion Series Q Preferred Stock Dividends
CommonStockIssuedForConversionSeriesQPreferredStockDividends
usd
CY2023Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
usd
CY2023Q1 ocln Issunace Of Series A Preferred Stock Granted To Series Y Investors
IssunaceOfSeriesAPreferredStockGrantedToSeriesYInvestors
usd
CY2023Q1 ocln Issuance Of Series Y Preferred Stock Through A Private Placement
IssuanceOfSeriesYPreferredStockThroughAPrivatePlacement
usd
CY2023Q1 ocln Exchange Of Series R Preferred Stock For Wodi Secured Convertible Note
ExchangeOfSeriesRPreferredStockForWODISecuredConvertibleNote
usd
CY2023Q1 ocln Exchange Of Series X Preferred Stock For Wodi Secured Convertible Note
ExchangeOfSeriesXPreferredStockForWODISecuredConvertibleNote
usd
CY2024Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
usd
CY2024Q1 ocln Common Stock Issued For Conversion Series Q Preferred Stock Dividends
CommonStockIssuedForConversionSeriesQPreferredStockDividends
usd
CY2024Q1 ocln Issuance Of Series Y Preferred Stock Through A Private Placement
IssuanceOfSeriesYPreferredStockThroughAPrivatePlacement
usd
CY2024Q1 ocln Exchange Of Series F Preferred Stock For Series Q Preferred Stock
ExchangeOfSeriesFPreferredStockForSeriesQPreferredStock
usd
CY2024Q1 ocln Exchange Of Series K Preferred Stock For Series W Preferred Stocks
ExchangeOfSeriesKPreferredStockForSeriesWPreferredStocks
usd
CY2024Q1 ocln Converted Value Of Secured Promissory Notes
ConvertedValueOfSecuredPromissoryNotes
usd
CY2023Q1 ocln Conversion And Settlement Value Added To Note Purchase Agreements
ConversionAndSettlementValueAddedToNotePurchaseAgreements
usd
CY2023Q1 us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
usd
CY2024Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
usd
CY2023Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
usd
CY2023Q1 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
usd
CY2023Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
usd
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2024Q1 ocln Exchange Of Series R Preferred Stock For Wodi Secured Convertible Notes
ExchangeOfSeriesRPreferredStockForWODISecuredConvertibleNotes
usd
CY2024Q1 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
usd
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1062100064 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1443544402 shares
CY2024Q1 dei Amendment Flag
AmendmentFlag
false
CY2024Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2024Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2024Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001419793

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