Clean Vision Corp Files 2023 10-K Amendment

TL;DR

Clean Vision Corp (CLNV) filed its amended 2023 10-K, check financials.

AI Summary

Clean Vision Corp filed an amendment to its 2023 10-K on August 19, 2024, reporting its financial results for the fiscal year ending December 31, 2023. The company, formerly known as Byzen Digital, Inc., is involved in industrial organic chemicals.

Why It Matters

This filing provides updated financial information for Clean Vision Corp for the fiscal year 2023, which is crucial for investors and stakeholders to assess the company's performance and financial health.

Risk Assessment

Risk Level: medium — The company has a history of name changes and operates in the industrial organic chemicals sector, which can involve regulatory and market risks.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period for the 10-K/A)
• 2024-08-19 — Filing Date (Date the amendment was filed)

Key Players & Entities

• Clean Vision Corp (company) — Filer of the 10-K/A
• 20231231 (date) — Fiscal year end
• 20240819 (date) — Filing date
• Byzen Digital, Inc. (company) — Former company name
• CHINA VITUP HEALTH CARE HOLDINGS, INC. (company) — Former company name

FAQ

Key Financial Figures

• $0.0395 — sed upon the closing price per share of $0.0395 on June 30, 2023. The number of share
• $528 billion — since 2015, growing 11% year-on-year to $528 billion in 2023. Additionally, in the Hydroge
• $136.3 billion — en generation market size was valued at $136.3 billion in 2021 and is expected to each $262 bi
• $262 billion — billion in 2021 and is expected to each $262 billion by 2031, growing at a CAGR of 6.8% from
• $2,000,000 — el Bates over Windstream's default on a $2,000,000 loan that Windstream had with GBC Inter
• $1,982,570 — pay the plaintiff the principal sum of $1,982,570.22, plus $842,536.13 ordinary interest
• $842,536.13 — he principal sum of $1,982,570.22, plus $842,536.13 ordinary interest accrued through May 3
• $1,735,299.76 — erest accrued through May 31, 2022, and $1,735,299.76 late interest accrued through May 31, 2
• $4.5 million — yment of $2,000,000, with the remaining $4.5 million due within ten (10) months of the Moroc
• $50,000,000 — n, Clean-Seas committed to invest up to $50,000,000 in Clean-Seas Morocco over a period of

Filing Documents

• clnv_10ka.htm (10-K/A) — 1456KB
• ex31_1.htm (EX-31.1) — 11KB
• ex31_2.htm (EX-31.2) — 11KB
• ex32.htm (EX-32) — 11KB
• clnv_1.jpg (GRAPHIC) — 11KB
• 0001903596-24-000526.txt ( ) — 6425KB
• clnv-20231231.xsd (EX-101.SCH) — 42KB
• clnv-20231231_cal.xml (EX-101.CAL) — 56KB
• clnv-20231231_def.xml (EX-101.DEF) — 125KB
• clnv-20231231_lab.xml (EX-101.LAB) — 283KB
• clnv-20231231_pre.xml (EX-101.PRE) — 241KB
• clnv_10ka_htm.xml (XML) — 1134KB

Risk Factors

Risk Factors 12 Item 1B. Unresolved Staff Comments 12 Item 1C. Cybersecurity 12 Item 2.

Properties

Properties 13 Item 3. Legal Proceedings 13 Item 4. Mine Safety Disclosures 13 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 14 Item 6. Selected Financial Data 14 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 14 Item 7A. Quantitative and Qualitative Disclosures About Market Risk 17 Item 8. Financial 17 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 18 Item 9A. Controls and Procedures 18 Item 9B. Other Information 19 PART III Item 10. Directors, Executive Officers and Corporate Governance 19 Item 11. Executive Compensation 23 Item 12. Security 25 Item 13. Certain Relationships, Related Transactions and Director Independence 26 Item 14. Principal Accounting Fees and Services 27 PART IV Item 15. Exhibits, Financial Statement Schedules 28 Exhibit Index Item 16 Form 10-K/A Summary 28

Signatures

Signatures 29 SPECIAL NOTE REGARDING

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K/A ("Annual Report") contains forward-looking statements within the meaning of the federal securities laws. All results and financial position, our business strategy and plans, potential growth or growth prospects, future research and development, sales and marketing and general and administrative expenses, and our objectives for future operations, are forward-looking statements. Words such as "believes," "may," "will," "estimates," "potential," "continues," "anticipates," "intends," "expects," "could," "would," "projects," "plans," "targets," and variations of such words and similar expressions are intended to identify forward-looking trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described in the "Risk Factors" in this Annual Report. Readers are urged to carefully review and consider the various disclosures made in this Annual Report and in other documents we file from time to time with the U.S. Securities and Exchange Commission (the "SEC") that disclose risks and uncertainties that may affect our business. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may

DESCRIPTION

ITEM 1. DESCRIPTION OF THE BUSINESS Company Overview and History Clean Vision Corporation ("Clean Vision," "we," "us," or the "Company") is a new entrant in the clean energy and waste-to-energy industries focused on clean technology and sustainability opportunities. Currently, we are focused on providing a solution to the plastic waste problem by recycling the waste and converting it into saleable byproducts, such as hydrogen and other clean-burning fuels. Using a technology known as pyrolysis, which heats the feedstock ( i.e. , plastic) at high temperatures in the absence of oxygen so that the material does not burn, we are able to turn the feedstock into (i) clean fuels, (ii) clean hydrogen and (iii) carbon black or char (char is created when plastic is used as feedstock). Our goal is to generate revenue from three sources: (i) Service revenue from the recycling services we provide . We plan to establish plastic feedstock agreements with a number of feedstock suppliers for the delivery of plastic to our facilities. Much of this plastic is currently a cost center for such feedstock suppliers, who pay "tipping fees" to landfills or incinerators. We will accept this plastic feedstock at reduced price or for no tipping fees. In some cases, feedstock suppliers will also share in revenue on products produced from their feedstock. This revenue will be realized and recognized upon receipt of feedstock at one of our facilities. (ii) Revenue generated from the sale of commodities . We will produce commodities including, but not limited to, pyrolysis oil, fuel oil, lubricants, synthetic gas, hydrogen, and carbon char. We are in negotiation with chemical and oil companies for purchasing, or off-taking, the fuels and oils we produce, and exploring applications for carbon char. This revenue will be recognized upon shipment of products from one of our facilities and in some cases off-takers may pre-pay for a contractual obligation to buy our commodities. (iii) Revenue

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View this 10-K/A filing on SEC EDGAR