374Water Inc.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 28, 2025
SCWO$2.32-2.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONSOLIDATED BALANCE SHEETS
As of December 31, 2024 and, 2023
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $10,651,644 | $10,445,404 |
| Accounts receivable, net of credit allowance | 269,733 | 64,792 |
| Other accounts receivable | 43,886 | 39,749 |
| Unbilled accounts receivable | 1,653,007 | 1,494,553 |
| Inventory, net | 1,701,474 | 2,276,677 |
| Contract assets | 136,651 | - |
| Prepaid expenses | 431,412 | 581,085 |
| Total Current Assets | 14,887,807 | 14,902,260 |
| Property and equipment, net | 2,567,571 | 230,971 |
| Intangible asset, net | 1,016,594 | 988,029 |
| Right-of-use asset, net | 691,014 | - |
| Other assets | 20,847 | - |
| Total Long-Term Assets | 4,296,026 | 1,219,000 |
| Total Assets | $19,183,833 | $16,121,260 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities: | ||
| Accounts payable and accrued expenses | $906,394 | $572,297 |
| Accrued bonuses | 570,000 | - |
| Accrued contract loss provision | 1,000,000 | 500,000 |
| Accrued legal settlement | 335,000 | 135,000 |
| Unearned revenue | 197,683 | 130,000 |
| Operating lease liability | 101,320 | - |
| Other liabilities | 17,279 | 36,787 |
| Total Current Liabilities | 3,127,676 | 1,374,084 |
| Unearned revenue, less current portion | 30,000 | - |
| Operating lease liability, less current portion | 551,376 | - |
| Total Long-term Liabilities | 581,376 | - |
| Total Liabilities | 3,709,052 | 1,374,084 |
| Stockholders’ Equity | ||
| Preferred Stock: 50,000,0000; 1,000,000 Designated as Convertible Series D preferred shares authorized; par value $0.0001 per share, nil issued and outstanding at December 31, 2024 and 2023, respectively. | - | - |
| Common stock: 200,000,000 common shares authorized, par value $0.0001 per share, 144,301,977 and 132,667,107 shares outstanding at December 31, 2024 and 2023, respectively. | 14,429 | 13,266 |
| Additional paid-in capital | 43,845,499 | 30,684,943 |
| Accumulated deficit | (28,387,618) | (15,953,504) |
| Accumulated other income | 2,471 | 2,471 |
| Total Stockholders' Equity | 15,474,781 | 14,747,176 |
| Total Liabilities & Stockholders’ Equity | $19,183,833 | $16,121,260 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.