Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash and cash equivalents	$ 1,898,564	$ 550,884
Contracts receivable, net	670,986	2,503,416
Fair value investment in securities	22,604	31,646
Contract assets	852,446	1,246,080
Prepaid expenses	8,809
TOTAL CURRENT ASSETS	3,453,409	4,332,026
Net property and equipment	49,278	55,869
NET PROPERTY AND EQUIPMENT	49,278	55,869
OTHER ASSETS
Security Deposit	19,051	19,051
Fair value investment-securities	3,200	3,200
ROU asset, net	556,149	580,393
TOTAL OTHER ASSETS	578,400	602,644
TOTAL ASSETS	4,081,087	4,990,539
CURRENT LIABILITIES:
Accounts payable and other payable	1,359,656	2,008,791
Accrued expenses	6,467,699	5,501,360
Cumulative preferred stock dividends payable	697,377	589,768
Contract liabilities	3,290,909	4,111,797
Lease liability	100,223	96,113
Warranty reserve	50,000	50,000
Loans payable, current	149,312	150,000
Related party loan	174,481	238,046
Tax liability 83(b)	13,600	13,600
Derivative liabilities	13,280,135	14,651,326
Convertible secured promissory notes	21,363,639	21,363,639
Convertible promissory notes, net of discount of $0 and $0, respectively	597,944	597,944
TOTAL CURRENT LIABILITIES	47,942,125	49,769,534
Long Term Liabilities
Convertible promissory notes, net of discount of $0 and $0, respectively	2,019,748	2,019,748
Lease liability, non current	474,533	501,123
TOTAL LONG TERM LIABILITIES	2,494,281	2,520,871
TOTAL LIABILITIES	50,436,406	52,290,405
COMMITMENTS AND CONTINGENCIES
Convertible preferred stock, Total	7,582,722	7,557,722
SHAREHOLDERS’ DEFICIT
Preferred stock, $0.0001 par value, 600,000,000 shares authorized 1,000 and 1,000 shares of Series C issued and outstanding, respectively 31,500,000 and 31,500,000 shares of Series D-1 issued and outstanding, respectively	3,150	3,150
Common stock, $0.0001 par value, 16,000,000,000 and 16,000,000,000 shares authorized 1,748,196,540 and 1,672,117,519 equity shares issued and outstanding, respectively	174,820	167,213
Additional paid in capital	87,078,173	85,399,199
Noncontrolling interest	(3,143,872)	(3,033,244)
Accumulated other comprehensive loss	(132)	(132)
Accumulated deficit	(138,050,180)	(137,393,774)
TOTAL SHAREHOLDERS’ DEFICIT	(53,938,041)	(54,857,588)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT	4,081,087	4,990,539
Series F Preferred Stock
CURRENT LIABILITIES:
Series Preferred Stock	50,000	50,000
Series G Preferred Stock
CURRENT LIABILITIES:
Series Preferred Stock	25,000	25,000
Series I Preferred Stock
CURRENT LIABILITIES:
Series Preferred Stock	25,000	25,000
Series K Preferred Stock
CURRENT LIABILITIES:
Series Preferred Stock	297,150	297,150
Series J Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock, Total	210,000	210,000
Series L Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock, Total	320,495	320,495
Series M Preferred Stock
Long Term Liabilities
Convertible preferred stock, Total	1,007,500	1,007,500
Series O Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock, Total	185,000	185,000
Series P Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock, Total	30,000	30,000
Series Q Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock, Total	410,000	410,000
Series R Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock, Total	1,473,000	1,473,000
Series S Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock, Total	110,000	110,000
Series U Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock, Total	270,000	270,000
Series W 12% Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock, Total	696,500	696,500
Series Y Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock, Total	$ 2,870,227	$ 2,845,227

ORIGINCLEAR, INC. 10-Q