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Government Assistance
9 Months Ended
Sep. 30, 2022
Government Assistance  
Government Assistance

Note 9 – Government Assistance

During 2022, the Company was awarded a research grant from the Department of Energy (“DOE”) for approximately $250 thousand with an estimated completion occurring in the first three months of 2023. The purpose of the grant is to produce a research paper for a flexible fuel ultra-low NOx process burner capable of burning 100% hydrogen fuel. The award allows the Company to request reimbursements for expenditures such as labor, material, and administrative costs. During the three and nine months ended September 30, 2022, the Company recognized $76 thousand in reimbursements from DOE.

Beginning in 2021, the Company received funds relating to the Oklahoma 21st Century Quality Jobs Act. The estimated duration of the program is up to 10 years and is designed to attract growth industries to Oklahoma. By reporting quarterly salary statistics and meeting agreed upon employment thresholds, the state remits benefit monies to the

Company. For the three and nine months ended September 30, 2022, the Company recognized $12 thousand and $24 thousand in government assistance. During the nine months ended September 30, 2021, the Company had no government assistance from this program.