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Government Assistance
6 Months Ended
Jun. 30, 2024
Government Assistance  
Government Assistance

Note 10 – Government Assistance

During 2022, the Company was awarded a research grant from the Department of Energy (“DOE”) for approximately $250 thousand with the completion of such grant occurring in March 2023. The purpose of the grant was to produce a research paper for a flexible fuel ultra-low NOx process burner capable of burning 100% hydrogen fuel. During 2023, the Company was awarded a Phase 2 grant from the DOE to continue developing this ultra-low NOx hydrogen burner. The Phase 2 grant amount totaled approximately $1.6 million over a two-year period. These awards allow the Company to request reimbursements for expenditures such as labor, material, and administrative costs. During the three and six months ended June 30, 2024, the Company recognized $168 thousand and $216 thousand in reimbursements from the DOE, respectively. During the three and six months ended June 30, 2023, the Company recognized zero and $69 thousand in reimbursements from the DOE, respectively.

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. During three and six months ended June 30, 2024, the Company recognized $16 thousand and $47 thousand in government assistance from this program, respectively. During three and six months ended June 30, 2023, the Company recognized $14 thousand and $38 thousand in government assistance from this program, respectively.