OriginClear, Inc. Files Q2 2025 10-Q Report

TL;DR

OriginClear filed its Q2 2025 10-Q. Check financials.

AI Summary

OriginClear, Inc. filed its 10-Q for the quarterly period ended June 30, 2025. The company, incorporated in Nevada, operates in the Special Industry Machinery sector. Its principal executive offices are located in Clearwater, Florida. The filing was made on August 15, 2025.

Why It Matters

This 10-Q filing provides investors and stakeholders with the latest financial and operational details for OriginClear, Inc. during the second quarter of 2025.

Risk Assessment

Risk Level: medium — As a 10-Q filing, it contains detailed financial information that could reveal significant performance changes or risks for the company.

Key Players & Entities

• ORIGINCLEAR, INC. (company) — Registrant
• June 30, 2025 (date) — Quarterly period end date
• August 15, 2025 (date) — Filing date
• Nevada (location) — State of incorporation
• Clearwater, Florida (location) — Principal executive offices location
• 333-147980 (dollar_amount) — Commission file number

FAQ

Key Financial Figures

• $0.0001 — 4,088 shares of common stock, par value $0.0001 per share, issued and outstanding. TAB

Filing Documents

• ea0252525-10q_origin.htm (10-Q) — 951KB
• ea025252501ex31-1_origin.htm (EX-31.1) — 9KB
• ea025252501ex31-2_origin.htm (EX-31.2) — 9KB
• ea025252501ex32-1_origin.htm (EX-32.1) — 4KB
• ea025252501ex32-2_origin.htm (EX-32.2) — 4KB
• image_001.jpg (GRAPHIC) — 85KB
• 0001213900-25-077581.txt ( ) — 6708KB
• ocln-20250630.xsd (EX-101.SCH) — 64KB
• ocln-20250630_cal.xml (EX-101.CAL) — 60KB
• ocln-20250630_def.xml (EX-101.DEF) — 329KB
• ocln-20250630_lab.xml (EX-101.LAB) — 585KB
• ocln-20250630_pre.xml (EX-101.PRE) — 349KB
• ea0252525-10q_origin_htm.xml (XML) — 664KB

Financial Statements

Financial Statements. 1 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations. 20 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 23 Item 4.

Controls and Procedures

Controls and Procedures. 23 PART II 24 Item 1. Legal Proceedings. 24 Item 1A. Risk Factors. 24 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 24 Item 3. Defaults Upon Senior Securities. 24 Item 4. Mine Safety Disclosures. 24 Item 5. Other Information. 24 Item 6. Exhibits. 24

- FINANCIAL

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS ORIGINCLEAR, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets June 30, December 31, 2025 2024 (unaudited) ASSETS Current Assets: Cash and cash equivalents $ 1,202,999 $ 371,515 Contracts receivable, net 623,382 2,404,545 Investment in marketable securities, at fair value 18,083 31,646 Contract assets 175,339 1,071,664 Prepaid assets and other current assets 94,046 - Assets of discontinued operations 433,871 452,656 Total Current Assets $ 2,547,720 $ 4,332,027 Property and equipment, net 46,406 55,869 Other Assets Security deposit 19,051 19,051 Investment in marketable securities, at fair value 3,200 3,200 Operating lease right of use asset (Note 4) 531,232 580,393 Total Other Assets 553,483 602,644 TOTAL ASSETS $ 3,147,609 $ 4,990,539 LIABILITIES AND SHAREHOLDERS' DEFICIT Current Liabilities Accounts payable $ 1,710,027 $ 1,742,397 Accrued expenses 2,096,665 5,299,519 Cumulate dividends payable on preferred stock 736,054 589,768 Contract liabilities 2,623,439 3,468,227 Operating lease liabilities 104,457 96,113 Warranty reserve 50,000 50,000 Loans payable 148,616 150,000 Related party loan 105,275 238,046 Tax liability 83(b) 13,600 13,600 Derivative liabilities 10,899,605 14,651,326 Redeemable non- convertible preferred stock, 397.15 shares issued and outstanding across four series (Note 5) 397,150 397,150 Convertible secured promissory notes (Note 8) 2,032,500 21,363,639 Convertible promissory notes 597,944 597,944 Liabilities discontinued operations (Note 3) 485,474 1,111,805 TOTAL CURRENT LIABILTIES $ 22,000,806 $ 49,769,534 Long-Term Liabilities Convertible promissory notes, net of current 2,019,748 2,019,748 Operating lease liabilities, net of current 447,148 501,123 TOTAL LONG-TERM LIABILITIES 2,466,896 2,520,871 TOTAL LIABILITIES $ 24,467,702 $ 52,290,405 COMMITMENTS AND

Financial Statements

Financial Statements (unaudited) 1. Organization and Line of Business The accompanying unaudited condensed consolidated financial statements of OriginClear, Inc. ("OCLN" or the "Company") have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial reporting and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"), including Regulation S-X, Rule 10-01. These financial Company's audited consolidated financial statements and notes included in its Form 10-K for the year ended December 31, 2024. Subsidiaries The Company's primary operating subsidiary is Water On Demand, Inc. ("WODI"), formed on September 21, 2023, through the merger of Progressive Water Treatment, Inc. ("PWT") with a newly created majority-owned entity. PWT, acquired by OCLN in 2015, remains WODI's only active business unit. PWT engineers and manufactures custom water treatment solutions for commercial and industrial customers. The Modular Water Systems ("MWS") division, previously focused on pre-fabricated infrastructure for decentralized treatment, was fully deactivated during the second quarter of 2025. On May 8, 2025, WODI's Board approved the wind-down of MWS as part of a strategic shift away from direct equipment competition, with an expected disposal of all remaining MWS assets within 60 days (see Note 3). Water On Demand #1, Inc. ("WOD #1") is a Delaware statutory series entity managed by the Company. Capital raised under the Company's ongoing Series Y offering is aggregated in WOD #1 and advanced to WODI through intercompany transactions which are eliminated in consolidation. During the quarter ended June 30, 2025, the Company completed the formal dissolution of its inactive subsidiary OriginClear Technologies Ltd. ("OCHK"), a Hong Kong entity with no operatio

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View this 10-Q filing on SEC EDGAR