CleanCore Solutions Files 2024 Annual Report

TL;DR

CleanCore Solutions filed its 2024 10-K. All good.

AI Summary

CleanCore Solutions, Inc. filed its annual report (10-K) for the fiscal year ended June 30, 2024. The company, incorporated in Nevada and headquartered in Omaha, NE, operates in the specialty cleaning, polishing, and sanitation preparations industry. The filing details its business operations, financial condition, and risk factors.

Why It Matters

This 10-K filing provides investors and the public with a comprehensive overview of CleanCore Solutions' financial performance and strategic direction for the past fiscal year.

Risk Assessment

Risk Level: medium — The filing is a standard annual report, but the specific risks and financial details within the full document would determine the actual risk level.

Key Numbers

• 001-42033 — SEC File Number (Identifies the company's filings with the SEC.)
• 0630 — Fiscal Year End (Indicates the end of the reporting period for financial statements.)

Key Players & Entities

• CleanCore Solutions, Inc. (company) — Registrant
• June 30, 2024 (date) — Fiscal year end
• 20240920 (date) — Filing date
• Omaha, NE (location) — Principal executive offices
• Nevada (location) — State of incorporation

FAQ

Key Financial Figures

• $0.0001 — stered Class B Common Stock, par value $0.0001 per share ZONE NYSE American LLC Secu
• $5,000,000 — od Safety for a total purchase price of $5,000,000, consisting of $2,000,000 in cash and t
• $2,000,000 — hase price of $5,000,000, consisting of $2,000,000 in cash and the issuance of a promissor
• $3,000,000 — missory note in the principal amount of $3,000,000. The predecessor of CleanCore LLC was
• $92.69 billion — ce cleaning market is expected to reach $92.69 billion by 2027, rising at a 7.80% CAGR during
• $33.8 billion — hold cleaners market size was valued at $33.8 billion in 2021 and is expected to expand at a
• $9.12 billion — ing equipment market amassed revenue of $9.12 billion in 2021, and is expected to hit $14.14
• $14.14 billion — billion in 2021, and is expected to hit $14.14 billion by 2031, registering a CAGR of 4.3% fro
• $27.83 billion — products market is expected to grow to $27.83 billion at a CAGR of 6.50% from 2017 to 2024.

Filing Documents

• ea0214567-10k_cleancore.htm (10-K) — 1482KB
• ea021456701ex4-1_cleancore.htm (EX-4.1) — 26KB
• ea021456701ex10-1_cleancore.htm (EX-10.1) — 303KB
• ea021456701ex10-2_cleancore.htm (EX-10.2) — 73KB
• ea021456701ex10-15_cleancore.htm (EX-10.15) — 91KB
• ea021456701ex10-20_cleancore.htm (EX-10.20) — 35KB
• ea021456701ex14-1_cleancore.htm (EX-14.1) — 26KB
• ea021456701ex19-1_cleancore.htm (EX-19.1) — 81KB
• ea021456701ex31-1_cleancore.htm (EX-31.1) — 15KB
• ea021456701ex31-2_cleancore.htm (EX-31.2) — 14KB
• ea021456701ex32-1_cleancore.htm (EX-32.1) — 7KB
• ea021456701ex32-2_cleancore.htm (EX-32.2) — 7KB
• ea021456701ex97-1_cleancore.htm (EX-97.1) — 27KB
• image_001.jpg (GRAPHIC) — 93KB
• image_002.jpg (GRAPHIC) — 94KB
• image_003.jpg (GRAPHIC) — 2KB
• image_004.jpg (GRAPHIC) — 3KB
• ex10-2_001.jpg (GRAPHIC) — 5KB
• 0001213900-24-080420.txt ( ) — 8550KB
• zone-20240630.xsd (EX-101.SCH) — 66KB
• zone-20240630_cal.xml (EX-101.CAL) — 62KB
• zone-20240630_def.xml (EX-101.DEF) — 327KB
• zone-20240630_lab.xml (EX-101.LAB) — 599KB
• zone-20240630_pre.xml (EX-101.PRE) — 343KB
• ea0214567-10k_cleancore_htm.xml (XML) — 680KB

Business

Business 1 Item 1A. Risk Factors. 8 Item 1B. Unresolved Staff Comments. 24 Item 1C. Cybersecurity. 24 Item 2. Properties. 25 Item 3. Legal Proceedings. 25 Item 4. Mine Safety Disclosures. 25 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. 26 Item 6. [Reserved] 26 Item 7.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations. 26 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 33 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data. 33 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. 33 Item 9A.

Controls and Procedures

Controls and Procedures. 33 Item 9B. Other Information. 34 Item 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections. 34 PART III Item 10. Directors, Executive Officers and Corporate Governance. 35 Item 11.

Executive Compensation

Executive Compensation. 39 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. 44 Item 13. Certain Relationships and Related Transactions, and Director Independence. 46 Item 14. Principal Accounting Fees and Services. 46 PART IV Item 15. Exhibit and Financial Statement Schedules. 47 Item 16. Form 10-K Summary. 49 i INTRODUCTORY NOTES Use of Terms Except as otherwise indicated by the context and for the purposes of this report only, references in this report to "we," "us," "our" and "our company" refer to CleanCore Solutions, Inc., a Nevada corporation; provided that all discussions in this report regarding our business and operations prior to the acquisition described under Item 1 " Business — Our Corporate History and Structure " below refer to the business and operations of our predecessor companies described below. Special Note Regarding Forward-Looking Statements This report contains forward-looking statements that are based on our management's beliefs and assumptions and on information currently available to us. All statements other than statements of historical facts are forward-looking statements. These statements relate to future events or to our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements include, but are not limited to, statements about: our goals and strategies; our future business development, financial condition and results of operations; expected changes in our revenue, costs or expenditures; growth of and competition trends in our industry; our expectations regarding demand for, and market acceptance of, our products and services; our expectations regarding our relati

BUSINESS

ITEM 1. BUSINESS. Overview We specialize in the development and production of cleaning products that produce pure aqueous ozone for professional, industrial, or home use. We have a patented nanobubble technology using aqueous ozone that we believe is highly effective in cleaning, sanitizing, and deodorizing surfaces and high-touch areas. Our mission is to become a leader in creating safe, clean spaces that are free from any chemical residue or skin irritants. We are currently expanding our distributor network, improving our production processes, and proving the effectiveness of our products in restaurants, airports, and hotels. As noted by the U.S. Environmental Protection Agency, or the EPA ("Wastewater Technology Fact Sheet: Ozone Disinfection," September 1999), ozone has been used in water treatment facilities to remove pathogens from water for decades. However, ozone was not safe for traditional cleaning because the gas alone can be harmful when inhaled. In recent years, ozone has been found to become a powerful cleaning solution if infused into tap water, which then creates a solution called aqueous ozone. Once the ozone is added into the water, the resulting solution is safe to handle, yet continues to hold the effective cleaning and oxidizing components of ozone. Our product offerings utilize a patented technology that we believe produces an enhanced aqueous ozone solution that requires no additives, filters, or advanced chemicals. We believe that we are the only company that has an aqueous ozone solution that is produced in the form of nanobubbles. In a critical review from Environmental Science Nano ("Disinfection applications of ozone micro- and nanobubbles," November 2, 2021) authors Petroula Seridou and Nicolas Kalogerakis explain that since its discovery in the 1990's, nanobubbles have been used to remove pollutants in many industries, including biopharma and food processing. Nanobubbles are nanometer-sized (one billionth of a meter) gaseous c

View Full Filing

View this 10-K filing on SEC EDGAR