Reporting Segments

6 Months Ended

Jun. 30, 2025

15.

Reporting Segments

The Company reports financial results by operating segment under ASU 2023-07, “Segment Reporting (Topic 280); improvements to Reportable Segment Disclosures which enhances the existing guidance in ASC 280. The Chief Executive Officer serves as the Chief Operating Decision Maker (CODM) and evaluates segment performance based on revenue, gross profit, and operating income and allocates resources accordingly.

As of June 30, the Company had two reportable segments. PWT and MWS. PWT is a legacy Texas based engineering and fabrication company focused on commercial and industrial water treatment solutions. MWS is reported as discontinued operations. (see Note 3).

In addition to these reportable segments, two corporate categories are maintained for financial reporting. WODI Corporate, encompassing Water on Demand, Inc.’s parent-level functions such as subsidiary oversight, strategic planning, and capital formation; and OCLN Corporate, which comprises OriginClear, Inc.’s public compliance, investor relations and administrative support. Segment disclosures allocate revenues, expenses and assets in line with operational responsibility and financial control.

Reportable Segments:	PWT			WODI Corporate			OCLN Corporate			Total
For the three months ended June 30, 2025
Revenue	$	941,800		$	-		$	-		$	941,800
Gross losst		(657,714	)		-			(288	)		(658,002	)
General and administrative expenses		13,532			284,650			429,820			728,002
Operating (loss) income		(682,943	)		1,064,886			(2,095,985	)		(1,714,042	)
Segment assets		2,476,297			165,660			71,783			2,713,739
Gross profit as a % of revenue		-69.84	%		-			-			-69.87	%

For the three months ended June 30, 2024
Revenue	$	1,050,541		$	-		$			$	1,050,541
Gross profit (loss)		642,421			-			-			642,421
General and administrative expenses		113,447			109,444			1,325,404			1,548,295
Operating income (loss)		528,974			(109,444	)		(1,325,404	)		(905,874	)
Segment assets		1,568,957			449,242			251,012			2,269,212
Gross profit as a % of revenue		61.15	%		-			-			61.155	%

For the six months ended June 30, 2025
Revenue	$	2,346,471		$	-		$	-		$	2,346,471
Gross profit		(152,772	)		-			(576	)		(153,348	)
General and administrative expenses		298,688			579,070			974,433			1,852,191
Operating income (loss)		(473,925	)		(1,048,713	)		(1,134,472	)		(2,657,110	)
Segment assets		2,476,297			165,660			71,783			2,713,739
Gross profit as a % of revenue		-6.51	%		-			-			-6.54	%

For the six months ended June 30, 2024
Revenue	$	1,987,225		$	-		$	6,573		$	1,993,978
Gross profit (loss)		529,918			-			-			529,918
General and administrative expenses		315,877			109,444			2,927,728			3,353,049
Operating income ( loss)		214,041			(109,444	)		(2,927,728	)		(2,823,131	)
Segment assets		1,568,957			449,242			251,012			2,269,212
Gross profit as a % of revenue		26.7	%		-			00.1	%		26.6	%

Total segment assets of continuing operations 2,713,739 does not include assets of discontinued operations of $433,871.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

ORIGINCLEAR, INC. 10-Q