$OCLN

ORIGINCLEAR, INC.

CIK:0001419793|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Condensed Consolidated Statements of Operations (Unaudited)
Revenue	$ 2,002,880	$ 1,404,671
Cost of revenue	1,448,752	900,017
Gross (loss) profit	554,128	504,654
Operating expenses
Selling and marketing	406,862	323,533
General and administrative	648,630	1,112,072
Total Operating expenses	1,055,492	1,435,605
Loss from Operations	(501,364)	(930,951)
Other Income (Expense)
Gain (loss) on issuance of promissory notes	(349,407)	0
Gain (loss) on extinguishment of payables	79,548	249,334
Gain (loss) on exchange of stock	(320,000)	0
Unrealized (loss) gain - investment securities	0	(9,042)
Preferred stock incentive expense	0	(773,444)
Gain on common stock redemption	10,946	0
Change in derivate liability and debt conversions	(909,505)	1,371,191
Other income	456	190
Interest and dividend expense	(84,204)	(761,315)
TOTAL OTHER EXPENSE	(1,572,166)	76,914
Net (loss) income from continued operations	(2,073,530)	(854,037)
Net income (loss) from discontinued operations	0	87,003
Net loss	(2,073,530)	(767,034)
Less: Net income (loss) attributable to noncontrolling interest	211,910	(110,628)
Net income (loss) attributable to OCLN	$ (2,285,440)	$ (656,406)
Basic and diluted income (loss) per share	$ 0	$ 0
Bais and diluted income (loss) per share from discontinued operations	$ 0	$ 0
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING, BASIC AND DILUTED (in shares)	16,176,835,311	1,706,942,790

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Cash Flows from Operating Activities:
Net (loss) income from continued operations	$ (2,073,531)	$ (854,037)
Net income (loss) from discontinued operations	0	87,003
Adjustments to reconcile net income to net cash
Unrealized (gain) loss on derivative liabilities	909,505	(1,371,191)
Depreciation and amortization	4,758	30,835
Net unrealized loss on fair value of securities	0	9,042
Shares issued for services	22,000	117,612
Stock based compensation expense, related party	0	60,804
Stock-based compensation expense	0	773,444
Gain on write off of payable	0	(249,334)
Loss on extinguishment of debt (non-cash)	320,000	0
Changes in operating assets and liabilities:
Contracts receivable	3,138,230	1,832,431
Contract assets	89,883	393,634
Right-of-use assets	27,130	24,244
Change in discontinued operations	59,542	0
Prepaid expenses and other current assets	1,875	(8,809)
Security deposits	(97,870)	0
Accounts payable	117,619	649,133
Lease liability	(26,590)	(22,480)
Accrued expenses and other current liabilities	50,998	425,481
Contract liabilities	(1,031,057)	(820,888)
Net cash used in operating activities	1,512,492	(221,342)
Cash Flows from Investing Activities:
Purchases of property and equipment	0	(7,500)
Net cash used in investing activities	0	(7,500)
Cash Flows from Financing Activities:
Repayment of SBA loan	(717)	(688)
Repayment of Tony Lonstein loan	(36,937)	0
Repayments of loans from related parties	(26,893)	(63,564)
Dividends paid on preferred stock	(4,256)	107,608
Proceeds from convertible secured promissory notes	810,475	0
Proceeds from issuance of common stock (Reg A & D)	0	32,209
Proceeds from issuance of Series A preferred stock	0	1,475,957
Common interest issued for OriginSpark PPM	228,000	0
Proceeds from preferred stock (mezzanine equity)	0	25,000
Net cash provided by financing activities	969,672	1,576,522
Net change in Cash
Net increase (decrease) in cash and cash equivalents	2,482,164	1,347,680
Cash and cash equivalents, beginning of period	828,007	550,884
Cash and cash equivalents, end of period	3,310,171	1,898,564
Supplemental Disclosures of Cash Flow Information
Cash paid for interest and dividends	34,402	56,428
SUPPLEMENTAL DISCLOSURES OF NON CASH TRANSACTIONS
Issuance of Series O preferred stock dividends	206	84
Conversion of mezzanine preferred stock to common stock	$ 640,000	$ 0

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2026	Dec. 31, 2025
Current Assets:
Cash and cash equivalents	$ 3,310,171	$ 828,007
Contracts receivable , net	760,773	3,899,003
Investment in marketable securities, at fair value	660	660
Contract assets	325,765	415,648
Prepaid assets and other current assets	1,875	3,750
Assets of discontinued operations	30,596	29,998
Total Current Assets	4,429,840	5,177,066
Property and equipment, net	64,123	68,881
Other Assets
Security deposit	115,870	18,000
Investment in marketable securities, at fair value	3,200	3,200
Operating lease right of use asset (Note 4)	452,131	479,261
Total Other Assets	571,201	500,461
TOTAL ASSETS	5,065,164	5,746,408
Current Liabilities
Accounts payable	1,810,258	1,692,639
Accrued expenses	2,378,836	2,327,839
Cumulate dividends payable on preferred stock	903,022	907,278
Contract liabilities	3,901,517	4,932,574
Operating lease liabilities	117,782	22,543
Warranty reserve	50,000	50,000
Loans payable	559,053	596,708
Related party loan	85,228	112,120
Tax liability 83(b)	13,600	13,600
Derivative liabilities	13,037,500	12,127,995
Redeemable non-convertible preferred stock, 397.15 shares issued and outstanding across four series (Note 5)	397,150	397,150
Convertible secured promissory notes (Note 9)	810,475	0
Convertible promissory notes	1,864,520	597,944
Liabilities discontinued operations (Note 3)	495,048	434,908
TOTAL CURRENT LIABILITIES	26,423,989	24,213,298
Long-Term Liabilities
Convertible promissory notes, net of current	753,172	2,019,748
Operating lease liabilities, net of current	356,751	478,580
TOTAL LONG-TERM LIABILITIES	1,109,923	2,498,328
TOTAL LIABILITIES	27,533,912	26,711,626
Mezzanine Equity, preferred stock (note 5)	7,097,720	7,417,720
SHAREHOLDERS' DEFICIT
Preferred stock, $0.0001 par value, (Authorized: 500,500,000), Series C - 1,000 shares issued and outstanding, Series D- 31,500,000 shares issued and outstanding	3,150	3,150
Common stock, $0.0001 par value, (Authorized: 30,000,000,000) - shares issued and outstanding 16,226,290,399 and 15,623,448,908	1,622,630	1,562,346
Additional paid-in capital	124,786,719	123,957,003
Noncontrolling Interest	1,937,608	1,725,698
Stock Payable	80,063	80,063
Accumulated deficit	(157,996,638)	(155,711,198)
TOTAL SHAREHOLDERS' DEFICIT	(29,566,468)	(28,382,938)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	$ 5,065,164	$ 5,746,408