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Related Party Transactions
 3 Months Ended
Mar. 31, 2023
Related Party Transactions  
Related Party Transactions

Note 8 - Related Party Transactions

 

In 2021, the Company entered into an agreement to fabricate and manufacture the AirSCWO systems with Merrell Bros. Holding Company. As part of the agreement, the Company appointed Terry Merrell to its board of directors. As of March 31, 2023, Merrell Bros. or their affiliates own stock in excess of 5% of the outstanding common stock.  As of March 31, 2023, the Company incurred $535,201 in related party expenses, of which $514,399 was related to the manufacturing of the AirSCWO systems. As of March 31, 2023, there is an accrual of $446,081 in related party expenses, of which $432,582 related to the manufacturing of the AirSCWO systems.