2024 Q1 Form 10-K Financial Statement

#000165495424003957 Filed on March 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $315.3K $744.0K $744.0K
YoY Change -60.66% -5.71% -75.33%
Cost Of Revenue $617.3K $1.852M $1.852M
YoY Change -14.28% 158.64% -30.86%
Gross Profit -$302.0K -$1.108M -$1.108M
YoY Change -471.43% -1620.25% -429.35%
Gross Profit Margin -95.79% -148.97% -148.97%
Selling, General & Admin $1.364M $6.038M $6.038M
YoY Change -2.85% 319.18% 51.75%
% of Gross Profit
Research & Development $535.1K $1.496M $1.496M
YoY Change 50.36% 286.7% 34.36%
% of Gross Profit
Depreciation & Amortization $7.632K $25.82K $85.82K
YoY Change -19.87% 47.37% 3407.15%
% of Gross Profit
Operating Expenses $1.899M $7.535M $7.535M
YoY Change 7.91% 312.3% 47.95%
Operating Profit -$2.201M -$8.643M -$8.643M
YoY Change 31.13% 392.6% 81.72%
Interest Expense $104.6K $446.7K $446.7K
YoY Change 176.33% 582.46% 565.98%
% of Operating Profit
Other Income/Expense, Net $176.7K $92.69K $92.69K
YoY Change 362.17% -10285.71% 40.09%
Pretax Income -$2.024M -$8.104M -$8.104M
YoY Change 23.42% 379.5% 72.78%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.024M -$8.104M -$8.104M
YoY Change 23.42% 379.5% 72.78%
Net Earnings / Revenue -642.12% -1089.26% -1089.26%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.02 -$0.06 -$0.06
COMMON SHARES
Basic Shares Outstanding 132.7M shares 132.7M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.936M $10.45M $10.45M
YoY Change -28.59% 74.34% 74.34%
Cash & Equivalents $7.936M $10.45M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $921.4K $581.1K $581.1K
YoY Change 607.82% 278.66% 278.66%
Inventory $2.602M $2.277M $2.277M
Prepaid Expenses $921.4K $581.1K
Receivables $84.32K $1.559M $1.559M
Other Receivables $34.16K $39.74K $39.74K
Total Short-Term Assets $13.35M $14.90M $14.90M
YoY Change -11.24% 70.82% 70.82%
LONG-TERM ASSETS
Property, Plant & Equipment $223.3K $231.0K $231.0K
YoY Change 58.56% 61.43% 61.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.195M $1.219M $1.219M
YoY Change 1.56% 2.17% 2.17%
TOTAL ASSETS
Total Short-Term Assets $13.35M $14.90M $14.90M
Total Long-Term Assets $1.195M $1.219M $1.219M
Total Assets $14.54M $16.12M $16.12M
YoY Change -10.31% 62.56% 62.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $755.7K $572.3K $572.3K
YoY Change -12.94% -60.52% -60.52%
Accrued Expenses $735.0K $635.0K $635.0K
YoY Change
Deferred Revenue $132.8K $130.0K
YoY Change -35.27% -35.04%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.634M $1.374M $1.374M
YoY Change 52.26% -17.38% -17.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.634M $1.374M $1.374M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.634M $1.374M $1.374M
YoY Change 52.26% -17.38% -17.38%
SHAREHOLDERS EQUITY
Retained Earnings -$17.98M -$15.95M
YoY Change 89.43% 103.23%
Common Stock $13.27K $13.27K
YoY Change 2.97% 4.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.91M $14.75M $14.75M
YoY Change
Total Liabilities & Shareholders Equity $14.54M $16.12M $16.12M
YoY Change -10.31% 62.56% 62.56%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$2.024M -$8.104M -$8.104M
YoY Change 23.42% 379.5% 72.78%
Depreciation, Depletion And Amortization $7.632K $25.82K $85.82K
YoY Change -19.87% 47.37% 3407.15%
Cash From Operating Activities -$2.509M -$2.335M -$9.035M
YoY Change -21.07% -0.67% 82.56%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $51.72K $111.7K
YoY Change -100.0% -28.02% -22.72%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.963M $1.963M
YoY Change -51.36% -200.0%
Cash From Investing Activities -$590.00 $1.912M $1.852M
YoY Change -94.1% -51.78% -185.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $13.58M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $0.00 -1.931M 13.58M
YoY Change -100.0% -7808.82% 54109.51%
NET CHANGE
Cash From Operating Activities -$2.509M -2.335M -9.035M
Cash From Investing Activities -$590.00 1.912M 1.852M
Cash From Financing Activities $0.00 -1.931M 13.58M
Net Change In Cash -$2.509M -2.354M 6.396M
YoY Change -149.14% -243.65% -190.28%
FREE CASH FLOW
Cash From Operating Activities -$2.509M -$2.335M -$9.035M
Capital Expenditures $0.00 $51.72K $111.7K
Free Cash Flow -$2.509M -$2.387M -$9.147M
YoY Change -21.25% -1.48% 79.57%

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AmortizationOfAfsInvestmentSecuritiesUnrealizedLossInAociIntoInterestIncomeAsYieldAdjustment
0 usd
CY2023Q4 us-gaap Cash
Cash
10445404 usd
CY2022Q4 us-gaap Cash
Cash
4046937 usd
CY2023Q4 scwo Available For Sale Securities From Investment
AvailableForSaleSecuritiesFromInvestment
1963432 usd
CY2023 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
18968 usd
CY2022Q4 scwo Investments Adjusted Cost
InvestmentsAdjustedCost
6010369 usd
CY2022Q4 scwo Unrealized Losses
UnrealizedLosses
18968 usd
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
5991401 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4046937 usd
CY2022Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
1944464 usd
CY2022Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
0 usd
CY2023 us-gaap Reclassifications
Reclassifications
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Certain reclassifications of prior year amounts including the effect of exchange rates on cash of $328 on the consolidated statements of cash flows have been made to conform to the 2023 presentation.  These reclassifications had no effect on net loss or loss per share as previously reported.</p>
CY2023 scwo Effect Of Exchange Rate On Cash From Reclassification
EffectOfExchangeRateOnCashFromReclassification
328 usd
CY2023 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
2909 usd
CY2022 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
0 usd
CY2023 scwo Accounts And Receivable Allowance For Credit Loss
AccountsAndReceivableAllowanceForCreditLoss
0 usd
CY2022 scwo Accounts And Receivable Allowance For Credit Loss
AccountsAndReceivableAllowanceForCreditLoss
0 usd
CY2023 scwo Accounts Receivable Allowance For Credit Losses Current Period Provision
AccountsReceivableAllowanceForCreditLossesCurrentPeriodProvision
2909 usd
CY2022 scwo Accounts Receivable Allowance For Credit Losses Current Period Provision
AccountsReceivableAllowanceForCreditLossesCurrentPeriodProvision
0 usd
CY2023 us-gaap Proceeds Accounts Receivable Previously Written Off Recovery
ProceedsAccountsReceivablePreviouslyWrittenOffRecovery
0 usd
CY2022 us-gaap Proceeds Accounts Receivable Previously Written Off Recovery
ProceedsAccountsReceivablePreviouslyWrittenOffRecovery
0 usd
CY2023 scwo Recovery From Accounts Receivable
RecoveryFromAccountsReceivable
0 usd
CY2022 scwo Recovery From Accounts Receivable
RecoveryFromAccountsReceivable
0 usd
CY2023 scwo Accounts And Financing Receivables Allowance For Credit Loss
AccountsAndFinancingReceivablesAllowanceForCreditLoss
2909 usd
CY2022 scwo Accounts And Financing Receivables Allowance For Credit Loss
AccountsAndFinancingReceivablesAllowanceForCreditLoss
0 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
251747 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
145756 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
20776 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2677 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
230971 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
143079 usd
CY2023 us-gaap Depreciation
Depreciation
18098 usd
CY2021 us-gaap Depreciation
Depreciation
2447 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Financial instruments that potentially subject the Company to credit risk consist of cash and cash equivalents, and marketable securities. Deposits with financial institutions are insured, up to certain limits, by the Federal Deposit Insurance Corporation (“FDIC”). The Company’s cash deposits often exceed the FDIC insurance limit; however, all deposits are maintained with high credit quality institutions and the Company has not experienced any losses in such accounts. The financial condition of financial institutions is periodically reassessed, and the Company believes the risk of any loss is minimal. The Company believes the risk of any loss on cash due to credit risk is minimal. Furthermore, we perform ongoing credit evaluations of our customers and generally do not require collateral.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Significant customers and suppliers are those that account for greater than 10% of the Company’s revenues, purchases, accounts receivables, and accounts payables. One customer made up approximately 88% and 98% of revenue for the year ended December 31, 2023 and 2022, respectively. As of December 31, 2023, one customer accounted for 51% of our outstanding accounts receivable. As of December 31, 2022, we did not have any accounts receivable outstanding. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">As of December 31, 2023 and 2022, our unbilled receivables of $1,485,803 and $918,164, respectively, were due from one customer and the same customer that comprises the majority of our revenue. The loss of this significant customer could adversely affect the results of our operations. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In 2023 and 2022, the Company purchased a substantial portion of manufacturing services from one third party vendor, Merrell Bros. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Refer to Note 9 for a license agreement we have with Duke University for the SCWO technology used in our systems. </p>
CY2023 scwo Recent Accounting Pronouncements Not Yet Adoptedpolicypolicytextblock
RecentAccountingPronouncementsNotYetAdoptedpolicypolicytextblock
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In December 2023 FASB issued Accounting Standards Update (ASU) 2023-09, <em>Income Taxes (Topic 740): Improvements to Income Tax Disclosures </em>(ASU 2023-09). The ASU focuses on income tax disclosures around effective tax rates and cash income taxes paid. ASU 2023-09 requires public business entities to disclose, on an annual basis, a rate reconciliation presented in both dollars and percentages. The guidance requires the rate reconciliation to include specific categories and provides further guidance on disaggregation of those categories based on a quantitative threshold equal to 5% or more of the amount determined by multiplying pretax income (loss) from continuing operations by the applicable statutory rate. For entities reconciling to the US statutory rate of 21%, this would generally require disclosing any reconciling items that impact the rate by 1.05% or more. ASU 2023-09 is effective for public business entities for annual periods beginning after Dec. 15, 2024 (generally, calendar year 2025) and effective for all other business entities one year later. Entities should adopt this guidance on a prospective basis, though retrospective application is permitted. The adoption of ASU 2023-09 is expected to have a financial statement disclosure impact only and is not expected to have a material impact on the Company’s financial statements. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In November 2023 the FASB issued ASU 2023-07, <em>Segment Reporting – Improvements to Reportable Segment Disclosures.  </em>The ASU will now require public entities to disclose its significant segment expenses categories and amounts for each reportable segment. Under the ASU, a significant segment expense is an expense that is:</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td style="width:4%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:4%;vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px"><span style="font-family:symbol">·</span></p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">significant to the segment,</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="font-family:symbol">·</span></p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">regularly provided to or easily computed from information regularly provided to the chief operating decision maker (CODM), and</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="font-family:symbol">·</span></p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">included in the reported measure of segment profit or loss.</p></td></tr></tbody></table><p style="font-size:10pt;font-family:times new roman;margin:0px">  </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The ASU is effective for public entities for fiscal years beginning after December 15, 2023 and interim periods in fiscal years beginning after December 15, 2024 (calendar year public entity will adopt the ASU in its 2024 Form 10 K). The ASU should be adopted retrospectively unless it’s impracticable to do so. Early adoption of the ASU is permitted, including in an interim period. The adoption of ASU 2023-07 is expected to have a financial statement disclosure impact only and is not expected to have a material impact on the Company’s financial statements. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company considers the applicability and impact of all recently issued accounting pronouncements.  Recent accounting pronouncements not specifically identified in our disclosures are either not applicable to the Company or are not expected to have a material effect on our financial condition or results of operations.</p>
CY2023Q4 us-gaap Capital
Capital
13528176 usd
CY2022Q4 us-gaap Capital
Capital
7060511 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-15953504 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-7849982 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-8103522 usd
CY2023 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
9034987 usd
CY2023 scwo Revenues From Sales
RevenuesFromSales
655818 usd
CY2023 scwo Revenues From Sale Of Treatability Services
RevenuesFromSaleOfTreatabilityServices
88134 usd
CY2022 scwo Revenues From Sales
RevenuesFromSales
2952020 usd
CY2022 scwo Revenues From Sale Of Treatability Services
RevenuesFromSaleOfTreatabilityServices
63501 usd
CY2023 scwo Accrued Contract Loss Provision And Onerous Contractspolicytextblock
AccruedContractLossProvisionAndOnerousContractspolicytextblock
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Onerous contracts are those where the costs to fulfill a contract exceed the consideration expected to be received under the contract. The revenue standard does not provide guidance on the accounting for onerous contracts or onerous performance obligations. US GAAP contains other applicable guidance on the accounting for onerous contracts, and those requirements should be used to identify and measure onerous contracts. </p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Our equipment manufacturing contract is a fixed price contract. Due to the nature of the contract, including customer specific equipment design, we applied ASC 605-35, <em>Revenue Recognition—Provision for Losses on Construction-Type and Production-Type Contract (ASC 605-35). </em>ASC 605-35 requires the recognition of a liability for anticipated losses on contracts prior to those losses being incurred when a loss is probable and can be estimated. </p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">As of December 31, 2023, we evaluated the total costs incurred on this contract to date and the estimated costs we anticipate incurring to complete the contract.  Based on this analysis, we accrued a contract loss provision of $500,000 which has been presented on the accompanying consolidated balance sheets and is recorded within cost of revenues on the accompanying consolidated statements of operations.</p>
CY2023 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
500000 usd
CY2023 scwo Share Based Description
ShareBasedDescription
cumulative adjustment of approximately $55,000 in the quarter ended December 31, 2023 to reduce our forfeiture rate estimate to approximately 5% of the total stock-based compensation recognized during the year
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
457393 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
755218 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1819284 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
905492 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
2276677 usd
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1496129 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1113500 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; 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 reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates in the accompanying financial statements include the fair value of equity-based compensation, revenue recognition and accrued loss provisions on onerous contracts, fair value of intangible assets, useful lives of long-lived assets, and valuation allowance against deferred tax assets.</p>
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-4689967 usd
CY2022 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
4948668 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1374084 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1663219 usd
CY2023Q4 us-gaap Liabilities
Liabilities
1374084 usd
CY2022Q4 us-gaap Liabilities
Liabilities
1663219 usd
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
132667107 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
126702545 shares
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
13266 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
12669 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
30684943 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
16110221 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-15953504 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
2471 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-19296 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
14747176 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
8253612 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
16121260 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9916831 usd
CY2023 us-gaap Revenues
Revenues
743952 usd
CY2022 us-gaap Revenues
Revenues
3015521 usd
CY2023 us-gaap Cost Of Revenue
CostOfRevenue
1852208 usd
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
2679020 usd
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1496129 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1113500 usd
CY2023 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2854494 usd
CY2022 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1644861 usd
CY2023 us-gaap Professional Fees
ProfessionalFees
508795 usd
CY2022 us-gaap Professional Fees
ProfessionalFees
768548 usd
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2675202 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1565723 usd
CY2023 us-gaap Operating Expenses
OperatingExpenses
7534620 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
5092632 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
-8642876 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-4756131 usd
CY2023 us-gaap Interest Income Operating
InterestIncomeOperating
446669 usd
CY2022 us-gaap Interest Income Operating
InterestIncomeOperating
67067 usd
CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
92685 usd
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-903 usd
CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
539354 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
66164 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2023 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
0 usd
CY2022 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
-18968 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
1660710 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1050022 usd
CY2023 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
5725 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
67718 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
988029 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1062856 usd
CY2022 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
52292 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
65126 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1050022 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
67718 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
65126 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
67933 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
67933 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
67933 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
67933 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
67933 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
648364 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
988029 usd
CY2023 us-gaap Revenues
Revenues
743952 usd
CY2023 scwo Premiums Revenue Percentage
PremiumsRevenuePercentage
1 pure
CY2022 us-gaap Revenues
Revenues
3015521 usd
CY2022 scwo Premiums Revenue Percentage
PremiumsRevenuePercentage
1 pure
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
200109 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
0 usd
CY2023 scwo Billings Deferred Unearned Revenue
BillingsDeferredUnearnedRevenue
58000 usd
CY2022 scwo Billings Deferred Unearned Revenue
BillingsDeferredUnearnedRevenue
1467189 usd
CY2023 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
128109 usd
CY2022 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
1267080 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
130000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
200109 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
918164 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
0 usd
CY2023 scwo Services Performed But Unbilled
ServicesPerformedButUnbilled
1061612 usd
CY2022 scwo Services Performed But Unbilled
ServicesPerformedButUnbilled
918164 usd
CY2023 scwo Services Billed
ServicesBilled
-485223 usd
CY2022 scwo Services Billed
ServicesBilled
0 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
1494553 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
918164 usd
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
132667107 shares
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
925181 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
610741 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
1912257 usd
CY2023 scwo Unrecognized Compensation Vesting Period
UnrecognizedCompensationVestingPeriod
three years
CY2022 scwo Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Warrants Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWarrantsExercised
15000 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
2.50
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
37500 usd
CY2022 scwo Issuance Of Common Stock
IssuanceOfCommonStock
15000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2023Q4 us-gaap Share Price
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1.42
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0001654954-24-003957-index-headers.html Edgar Link pending
0001654954-24-003957-index.html Edgar Link pending
0001654954-24-003957.txt Edgar Link pending
0001654954-24-003957-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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R9.htm Edgar Link pending
report.css Edgar Link pending
scwo-20231231.xsd Edgar Link pending
scwo-20231231_def.xml Edgar Link unprocessable
scwo-20231231_lab.xml Edgar Link unprocessable
scwo-20231231_pre.xml Edgar Link unprocessable
scwo_10k.htm Edgar Link pending
scwo_ex1013.htm Edgar Link pending
scwo_ex211.htm Edgar Link pending
scwo_ex231.htm Edgar Link pending
scwo_ex311.htm Edgar Link pending
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scwo_ex321.htm Edgar Link pending
scwo_ex322.htm Edgar Link pending
scwo_ex97.htm Edgar Link pending
Show.js Edgar Link pending
scwo_10k_htm.xml Edgar Link completed
scwo-20231231_cal.xml Edgar Link unprocessable