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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue $ 3,807,274 $ 2,478,221 $ 13,382,304 $ 11,198,627
Cost of goods sold 3,059,396 2,687,754 12,024,792 10,419,847
Gross Profit (Loss) 747,878 (209,533) 1,357,512 778,780
Operating Expenses:        
Selling expenses 541,259 610,713 2,071,843 1,983,414
General and administrative expenses 1,270,195 1,491,366 4,171,764 4,577,413
Research and development expenses 269,426 278,361 742,105 940,465
Total Operating Expenses 2,080,880 2,380,440 6,985,712 7,501,292
Loss from Operations (1,333,002) (2,589,973) (5,628,200) (6,722,512)
Other Income (Expense):        
Interest and other income 64,354 24,079 197,710 138,909
Interest expense (63,391) (34,523) (175,140) (135,532)
Amortization of debt discount (86,614) (156,988) (338,962) (453,619)
Gain (loss) on foreign currency transactions (39,932) (89,086) 29,644 250,912
Gain (loss) on disposal of property and equipment (1,552) (4,096) (65,016) (457,329)
Total Other Expense (127,135) (260,614) (351,764) (656,659)
Loss Before Income Taxes (1,460,137) (2,850,587) (5,979,964) (7,379,171)
Income tax benefit (375) (10,061) (1,074) (38,650)
Net Loss (1,459,762) (2,840,526) (5,978,890) (7,340,521)
Net Loss attributable to noncontrolling interest (27,849) 0 (43,700) 0
Net Loss attributable to LiqTech International, Inc. $ (1,431,913) $ (2,840,526) $ (5,935,190) $ (7,340,521)
Loss Per Common Share – Basic and Diluted (in dollars per share) $ (0.15) $ (0.49) $ (0.62) $ (1.26)
Weighted-Average Common Shares Outstanding – Basic and Diluted (in shares) 9,616,591 5,820,225 9,610,167 5,811,051