Form 10-Q - Quarterly report [Sections 13 or 15(d)]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDED: September 30, 2024

☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission File Number: 333-147980

ORIGINCLEAR, INC.

(Exact name of registrant as specified in its charter)

Nevada		26-0287664
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

13575 58th Street North

Suite 200

Clearwater, FL 33760

(Address of principal executive offices, Zip Code)

(727) 440-4603

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Ticker symbol(s)		Name of each exchange on which registered
N/A		N/A		N/A

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of November 13, 2024, there were 1,634,014,574 shares of common stock, par value $0.0001 per share, issued and outstanding.

TABLE OF CONTENTS

		Page
PART I		1

Item 1.	Financial Statements.	1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	30
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	41
Item 4.	Controls and Procedures.	41

PART II		42

Item 1.	Legal Proceedings.	42
Item 1A.	Risk Factors.	42
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	42
Item 3.	Defaults Upon Senior Securities.	42
Item 4.	Mine Safety Disclosures.	42
Item 5.	Other Information.	42
Item 6.	Exhibits.	42

SIGNATURES		43

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

ORIGINCLEAR, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets

	September 30,			December 31,
	2024			2023
	(Unaudited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	44,182		$	114,640
Current assets held-for-sale		2,710,573			2,338,798
Fair value investment in securities		31,646			36,166
Prepaid expenses		10,159			-
TOTAL CURRENT ASSETS		2,796,560			2,489,604

Net property and equipment		123,792			143,366
Net property and equipment held-for-sale		1,324			3,370
NET PROPERTY AND EQUIPMENT		125,116			146,736
OTHER ASSETS
Receivable on sale of asset		-			99,000
Non-current assets held for sale		419,051			400,000
Fair value investment-securities		3,200			3,200
Trademark		4,467			4,467
TOTAL OTHER ASSETS		426,718			506,667

TOTAL ASSETS	$	3,348,394		$	3,143,007
LIABILITIES AND SHAREHOLDERS’ DEFICIT
CURRENT LIABILITIES:
Accounts payable and other payable	$	505,924		$	647,483
Accrued expenses		2,154,862			1,774,513
Cumulative preferred stock dividends payable		606,848			523,403
Customer deposit		2,950			2,950
Secured loans payable		-			30,646
Loans payable, current		145,216			147,217
Related party loan		298,000
Derivative liabilities		13,579,875			7,742,759
Series F 8% Preferred Stock, 50 and 60 shares issued and outstanding, respectively		50,000			60,000
Series G 8% Preferred Stock, 25 and 25 shares issued and outstanding, respectively		25,000			25,000
Series I 8% Preferred Stock, 25 and 25 shares issued and outstanding, respectively		25,000			25,000
Series K 8% Preferred Stock, 297.15 and 407.15 shares issued and outstanding, respectively, respectively		297,150			307,150
Convertible promissory notes, net of discount of $0 and $0, respectively		597,944			2,472,944
Current liabilities held-for-sale		28,511,591			20,980,431
TOTAL CURRENT LIABILTIES		46,800,360			34,739,496
Long Term Liabilities
Convertible promissory notes, net of discount of $0 and $0, respectively		2,019,747			144,747
Non-current liabilities held-for-sale		480,038			-
TOTAL LONG TERM LIABILITIES		2,499,785			144,747
TOTAL LIABILITIES		49,300,145			34,884,243
COMMITMENTS AND CONTINGENCIES (Note 13)
Series J Convertible Preferred Stock, 210 and 210 shares issued and outstanding, respectively		210,000			210,000
Series L Convertible Preferred Stock, 320,495 and 320,495 shares issued and outstanding, respectively		320,495			320,495
Series M Preferred Stock, 40,300 and 40,300 shares issued and outstanding, respectively		1,007,500			1,007,500
Series O 8% Convertible Preferred Stock, 185 and 190 shares issued and outstanding, respectively		185,000			190,000
Series P Convertible Preferred Stock, 30 and 30 shares issued and outstanding		30,000			30,000
Series Q 12% Convertible Preferred Stock, 410 and 420 shares issued and outstanding, respectively		410,000			420,000
Series R 12% Convertible Preferred Stock, 1,473 and 1,608 shares issued and outstanding, respectively		1,473,000			1,608,000
Series S 12% Convertible Preferred Stock, 110 and 120 shares issued and outstanding, respectively,		110,000			120,000
Series U Convertible Preferred Stock, 270 and 270 shares issued and outstanding, respectively		270,000			270,000
Series W 12% Convertible Preferred Stock, 696.50 and 886.5 shares issued and outstanding, respectively		696,500			886,500
Series Y Convertible Preferred Stock, 28.8 and 24.6 shares issued and outstanding, respectively		2,908,327			2,460,227
		7,620,822			7,522,722
SHAREHOLDERS’ DEFICIT
Preferred stock, $0.0001 par value, 600,000,000 shares authorized 31,500,000 and 31,5000,000 shares of Series D-1 issued and outstanding, respectively		3,150			3,150
Common stock, $0.0001 par value, 19,000,000,000 and 16,000,000,0000 shares authorized 1,609,888,305 and 1,399,782,046 equity shares issued and outstanding, respectively		160,990			139,978
Subscription payable for purchase of equipment		100,000			100,000
Additional paid in capital - Common stock		82,683,056			81,949,274
Noncontrolling interest		(2,776,963	)		(2,239,493	)
Accumulated other comprehensive loss		(132	)		(132	)
Accumulated deficit		(133,742,674	)		(119,216,735	)
TOTAL SHAREHOLDERS’ DEFICIT		(53,572,573	)		(39,263,958	)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT	$	3,348,394		$	3,143,007

See accompanying Notes to Consolidated Financial Statements.

ORIGINCLEAR, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Operations
(Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Revenue	$	-		$	6,573		$	6,573		$	19,719
Cost of goods sold		6,439			6,582			19,573			19,735
Gross (loss) profit		(6,439	)		(9	)		(13,000	)		(16	)

Operating expenses
Selling and marketing expenses		731,792			470,231			1,864,350			1,872,486
General and administrative expenses		530,651			477,619			2,154,524			2,263,216
Total Operating expenses		1,262,443			947,850			4,018,874			4,135,702

Loss from Operations		(1,268,882	)		(947,859	)		(4,031,874	)		(4,135,718	)
OTHER INCOME (EXPENSE)
Other income (expense)		(24,834	)		25,844			(24,834	)		(2,428	)
Impairment of receivable from SPAC		-			-			-			(50,000	)
Gain on write off of loans payable		-			545,507			30,646			545,507
Unrealized loss on investment securities		(4,521	)		8,242			(4,521	)		3,721
(Loss) gain on conversion of stock		443,880			1,684,645			1,699,058			7,088,473
Gain (loss) on net change in derivative liability and conversion of debt		756,395			(1,259,749	)		(5,837,116	)		1,566,130
Interest and dividend expense		(78,548	)		(183,342	)		(431,113	)		(645,887	)
TOTAL OTHER INCOME (EXPENSE)		1,092,372			821,147			(4,567,880	)		8,505,516

Net income (loss) from continued operations		(176,511	)		(126,714	)		(8,599,754	)		4,369,798
Net loss from assets held-for-sale		(2,597,966	)		(3,176,235	)		(6,463,652	)		(12,447,783	)
Net income (loss)	$	(2,774,476	)	$	(3,302,949	)	$	(15,063,406	)	$	(8,077,985	)
Basic and fully diluted earnings (loss) per share from continuing operations	$	(0.00	)	$	(0.00	)	$	(0.01	)	$	0.00	)
Basic and fully diluted (loss) earnings per share from assets held-for-sale	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.01	)
BASIC AND DILUTED	$	(0.00	)	$	(0.00	)	$	(0.01	)	$	(0.01	)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING,		1,595,330,041			1,301,350,186			1,532,793,354			1,262,285,766
BASIC AND DILUTED

See accompanying Notes to Consolidated Financial Statements.

ORIGINCLEAR, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Shareholders’ Deficit
(Unaudited)

	NINE MONTHS ENDED SEPTEMBER 30, 2023
	Preferred stock						Mezzanine			Common Stock						Additional Paid-in-			Subscription		Other Comprehensive			Noncontrolling		Accumulated
	Shares			Amount			Equity			Shares			Amount			Capital			Payable		Loss			Interest		Deficit			Total
Balance at December 31, 2022		32,502,475			3,150		$	10,866,772			1,013,369,185			101,337			82,745,503			100,000		(132	)		-		(108,966,645	)		(26,016,787	)
Common stock issued for cash per equity financing agreement		-			-			-			20,492,456			2,050			139,323			-		-			-		-			141,373
Common stock issued upon conversion of convertible promissory note		-			-			-			55,788,402			5,579			161,786			-		-			-		-			167,365
Common stock issued at fair value for services		-			-			-			62,872,237			6,287			597,291			-		-			-		-			603,578
Common stock issued for conversion of Series O Preferred stock		-			-			(40,000	)		7,722,008			772			39,228			-		-			-		-			40,000
Common stock issued for conversion of Series Q Preferred stock		-			-			(195,000	)		50,340,392			5,034			189,966			-		-			-		-			195,000
Common stock issued for conversion of Series R Preferred stock		-			-			(920,000	)		199,249,857			19,925			900,075			-		-			-		-			920,000
Common stock issued for conversion of Series S Preferred stock		-			-			(50,000	)		8,864,250			886			49,114			-		-			-		-			50,000
Common stock issued for conversion of Series U Preferred stock		-			-			(115,000	)		19,051,616			1,905			113,095			-		-			-		-			115,000
Common stock issued for conversion of Series W Preferred stock		-			-			(8,000	)		2,318,842			232			7,768			-		-			-		-			8,000
Common stock issued for conversion of Series Y Preferred stock		-			-			(1,810,000	)		331,921,683			33,192			1,776,808			-		-			-		-			1,810,000
Common stock issued for conversion of Series Z Preferred stock		-			-			(250,000	)		61,728,395			6,173			243,827			-		-			-		-			250,000
Common stock issued for Series O Preferred stock dividends		-			-			-			677,526			68			(68	)		-		-			-		-			-
Common stock issued for conversion settlement agreements		-			-			-			269,393,920			26,940			(26,940	)		-		-			-		-			-
Common stock issued for alternate vesting		-			-			-			11,584,932			1,158			119,382			-		-			-		-			120,540
Common stock issued through a Reg A to investors for cash		-			-			-			12,000			1			59,999			-		-			-		-			60,000
Issuance of Series A and B Preferred stock granted to Series Y investors at fair value		545,191			54			-			-			-			576,563			-		-			-		-			576,617
Cancellation of RegA common and Series A and B Preferred shares		(1,546,666	)		(54	)		-			(12,000	)		-			(113	)		-		-			-		-			(167	)
Exchange of Series K Preferred Stock for Series W Preferred stock		-			-			100,000			-			-			-			-		-			-		-			-
Issuance of Series Y Preferred stock through a private placement		-			-			526,300			-			-			-			-		-			-		-			-
Exchange of Series R Preferred Stock for WODI secured convertible note		-			-			(100,000	)		-			-			-			-		-			-		-			-
Exchange of Series X Preferred Stock for WODI secured convertible note		-			-			(250,000	)		-			-			-			-		-			-		-			-
Return of investment for Series Y Preferred stock		-			-			(10,000	)		-			(1	)		1			-		-			-		-			-
Redemption of common stock for note purchase agreements		-			-			-			(810,707,922	)		(81,070	)		(7,007,403	)		-		-			-		-			(7,088,473	)
Issuance of 1000:1 split of common stock through a merger with subsidiary		-			-			-			10,000,000			1,000			(1,000	)		-		-			-		-			-
Issuance of common stock to investors after merger		-			-			-			3,399,217			340			(340	)		-		-			-		-			-
Net Loss		-			-			-			-			-			-			-		-					(8,077,985	)		(8,077,985	)
Balance at September 30, 2023 (unaudited)		31,501,000		$	3,150		$	7,745,072			1,318,066,996		$	131,808		$	80,683,865		$	100,000	$	(132	)	$	-	$	(117,044,630	)	$	(36,125,939	)

See accompanying Notes to Consolidated Financial Statements.

ORIGINCLEAR, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Shareholders’ Deficit
(Unaudited)

	NINE MONTHS ENDED SEPTEMBER 30, 2024
	Preferred stock				Mezzanine			Common stock						Additional Paid-in			Subscription		Other Comprehensive			Noncontrolling			Accumulated
	Shares		Amount		Equity			Shares			Amount			Capital			Payable		loss			Interest			Deficit			Total
Balance at December 31, 2023		31,501,000		3,150	$	7,522,722			1,399,782,046			139,978			81,949,274			100,000		(132	)		(2,239,493	)		(119,216,735	)		(39,263,958	)
Rounding		-		-		-			-			-			1			-		-			(1	)		2			-2
Shares redeemed/cancelled for Note Purchase Agreement		-		-		-			(197,113,414	)		(19,711	)		(1,654,517	)		-		-			-			-			(1,674,228	)
Common stock issued for alternative vesting		-		-		-			20,937,829			2,094			167,503			-		-			-			-			169,597
Common stock issued for conversion settlement		-		-		-			122,213,744			12,221			(12,221	)		-		-			-			-			-
Common stock issued for conversion of Series O Preferred stock		-		-		(5,000	)		965,252			97			4,903			-		-			-			-			5,000
Common stock issued for conversion of Series Q Preferred stock		-		-		(20,000	)		4,576,458			458			19,542			-		-			-			-			20,000
Common stock issued for conversion of Series R Preferred stock		-		-		(135,000	)		30,496,772			3,050			131,950			-		-			-			-			135,000
Common stock issued for conversion of Series S Preferred stock		-		-		(10,000	)		2,272,728			227			9,773			-		-			-			-			10,000
Common stock issued for converison of Series W Preferred stock		-		-		(200,000	)		41,715,134			4,172			195,828			-		-			-			-			200,000
Common stock issued for conversion of Series Y Preferred stock		-		-		(547,000	)		108,049,219			10,805			536,195			-		-			-			-			547,000
Common stock issued at fair value for services		-		-		-			70,218,771			7,022			585,397			-		-			-			-			592,419
Common stock issued for Series O Preferred stockdividends		-		-		-			693,766			69			(69	)		-		-			-			-			-
Common stock issued through a Reg A to investors for cash		-		-		-			5,080,000			508			48,267			-		-			-			-			48,775
Issuances of Series Y Preferred stock through private placement		-		-		995,100			-			-			-			-		-			-			-			-
Exchange of Series F Preferred stock for Series Q preferred stock		-		-		10,000			-			-			-			-		-			-			-			-
Exchange of Series K Preferred Stock for Series W Preferred stock		-		-		10,000			-			-			-			-		-			-			-			-
Issuance of warrants		-		-		-			-			-			701,230			-		-			-			-			701,230
Net Loss		-		-		-			-			-			-			-		-			(537,469	)		(14,525,937	)		(15,063,406	)
Balance at September 30, 2024 (unaudited)		31,501,000	$	3,150	$	7,620,822			1,609,888,305		$	160,990		$	82,683,056		$	100,000	$	(132	)	$	(2,776,963	)	$	(133,742,674	)	$	(53,572,573	)

See accompanying Notes to Consolidated Financial Statements.

ORIGINCLEAR, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
(unaudited)

	Nine Months Ended September 30,
	2024			2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss from continuing operations	$	(8,599,754	)	$	4,369,798
Net loss from assets held-for sale		(6,463,652	)		(12,447,783	)
Adjustment to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		21,619			23,011
Common and preferred stock issued for services		592,419			603,578
Loss (gain) on net change in valuation of derivative liability		5,837,116			1,238,686
Stock based compensation expense		169,597			696,960
Debt discount recognized as interest expense		149,822			-
Net unrealized loss on fair value of securities		4,521			3,721
Impairment of receivable from SPAC		1,580,508			3,260,985
Conversion and settlement value loss on WODI		1,679,349			7,728,089
Gain on redemption of common stock		(1,674,228	)		(7,088,473	)
Gain on write off of payable		(30,646	)		(218,064	)
Change in Assets (Increase) Decrease in:
Contracts receivable		497,795			1,000,618
Contract asset		(375,092	)		571,164
Right of use asset		(32,531	)
Prepaid expenses and other assets		(82,247	)		14,825
Other assets		(19,051	)		-
Change in Liabilities Increase (Decrease) in:
Accounts payable		472,001			(2,169,342	)
Accrued expenses		2,125,350			792,264
Contract liabilities		1,002,092			338,637
Tax liability 83(b)		-			(2,000	)
Trust escrow		-			-
Net cash used in operating activities		(3,145,012	)		(1,283,296	)

CASH FLOWS USED IN INVESTING ACTIVITIES:
Purchase of SPAC notes payable		(1,580,508	)		(3,260,985	)
Payments received on long term asset		99,000			268,000
Purchase of fixed assets		(13,500	)		(13,500	)
Net cash used in investing activities		(1,495,008	)		(3,006,485	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on loan payable, SBA		(2,001	)		(1,919	)
Proceeds from line of credit		-			139,879
Payments on line of credit		(151,516	)		-
Proceeds from loans, merchant cash advance		224,570			-
Payments on loans, merchant cash advance		(444,585	)		-
Proceeds from loans, related party		298,000			-
Equity financing through the purchase of common shares		-			141,373
Net payments on cumulative preferred stock dividends		83,445			20,859
Proceeds from convertible secured promissory notes		2,642,701			6,346,500
Common stock issued for RegA cash		48,775			60,000
Proceeds from issuance of warrants		701,230			-
Net proceeds for issuance of preferred stock for cash - mezzanine classification		995,100			516,300
Net cash provided by financing activities		4,395,719			7,222,992

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS		(244,301	)		2,933,211
CASH AND CASH EQUIVALENTS BEGINNING OF PERIOD		488,830			1,354,814
CASH AND CASH EQUIVALAENTS END OF PERIOD	$	244,529		$	4,288,025

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest and dividends paid	$	40,447		$	674,376
Taxes paid	$	-		$	-

SUPPLEMENTAL DISCLOSURES OF NON CASH TRANSACTIONS
Common stock issued at fair value for conversion of debt, plus accrued interest, and other fees	$	-		$	167,365
Issuance of Series O dividends	$	69		$	68
Preferred stock converted to common stock - mezzanine	$	917,000		$	3,388,000
Exchange of Series R Preferred Stock for WODI secured convertible note	$	-		$	100,000
Exchange from liability to mezzanine	$	20,000		$	-
Common stock issued as settlement	$	12,221		$	26,940
Exchange of Series X Preferred Stock for WODI secured convertible note	$	-		$	250,000
Adoption of ASC 842	$	627,074		$	-

See accompanying Notes to Consolidated Financial Statements.

ORIGINCLEAR, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements

(unaudited)

Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies

Company Overview

OriginClear, Inc (the “Company”) was founded in 2007 as OriginOil® and rebranded in 2015 to focus on the industrial water sector. The Company operates as the Clean Water Innovation Hub™, leveraging retail investor development capabilities to bring potentially disruptive water technology companies to market. Its main subsidiary, Water on Demand, Inc. (“WODI”), operates three operating divisions:

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Progressive Water Treatment (“PWT”), specializes in engineered water treatment solutions and custom treatment systems, contributing significantly to the Company’s revenue.

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Modular Water Systems (“MWS”), which holds a worldwide, exclusive master license to the intellectual property of Daniel M. Early P.E. This includes five patents and related intellectual property, know-how, and trade secrets (“Early IP”).

	●	Water on Demand (“WOD”), which offers private businesses a model to pay for water treatment services on a per-gallon basis through Design-Build-Own-Operate (“DBOO”) contracts.

In 2023, the Company combined these divisions under WODI, and on October 24, 2023, announced a planned merger with Fortune Rise Acquisition Corp. (“FRLA”).

Basis of presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for the interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”), specifically Rule 10-01 of Regulation S-X. These financial statements included all normal recurring adjustments necessary to present fairly the Company’s consolidated financial position, results of operations, and cash flows for the periods presented.

These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for the full fiscal year.

All intercompany balances and transactions have been eliminated in consolidation.

Going concern

These consolidated financial statements have been prepared on a going concern basis, which assumes the Company will continue to operate and meet its obligations in the ordinary course of business. However, recurring losses from operations and an accumulated deficit raise substantial doubt about the Company to continue as a going concern. Our auditors expressed similar concern in their report for the year ended December 31, 2023.

During the nine months ended September 30, 2024, the Company raised funds through convertible notes and preferred stock sales. Management believes these funds, along with anticipated revenue and further financing, will allow the Company to meet its obligations.

Management plans to alleviate the going concern by pursuing additional financing through debt or equity. However, there is no assurance that such financing will be available on acceptable terms, and any such financing could result in restrictions or operations or dilution to existing shareholders.

Principles of consolidation

The consolidated financial statements include OriginClear, Inc. and its subsidiaries: WODI, Water On Demand #1, Inc., and OriginClear Technologies, Ltd. All material intercompany transactions are eliminated.

Use of estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses during the reporting period, as well as the disclosure of contingent assets and liabilities. Significant estimates include those related to impairments of long-lived assets, revenue recognition, valuation of inventories, the fair value of derivative liabilities, stock-based compensation, and deferred tax assets. Actual results may differ from these estimates, and any revisions to estimates are recognized in the period the estimate is revised.

Revenue recognition

The company recognizes revenue in accordance with ASC 606, “Revenue from Contract with Customers,” when control of the promised goods or services is transferred to the customer. Revenue from equipment contracts is recognized over time, as performance obligations are satisfied based on the cost-to-cost method. The transaction price is determined at contact inception and adjusted for any variable consideration that is constrained to avoid significant revenue reversals.

Net Loss per share

Basic loss per share is calculated by dividing net income (loss) attributable to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted loss per share includes the effect of potentially dilutive securities, such as warrants and convertible securities, only when they are dilutive. For the periods presented, all potential shares were excluded from diluted loss per share calculations because they were anti-dilutive due to net losses.

The Company excludes issuable shares from warrants, convertible notes, and preferred stock, if their impact on the loss per share is anti-dilutive and includes the issuable shares if their impact is dilutive.

	For the Nine Months Ended
	September 30,
	2024			2023
Income (loss) to common shareholders (Numerator)- continuing operations	$	(8,599,754	)	$	4,369,798	)
Loss to common shareholders (Numerator) - related to assets held-for-sale		(6,463,652	)		(12,447,783	)
Basic and diluted weighted average number of common shares outstanding (Denominator)		1,532,793,354			1,262,285,766

The Company excludes issuable shares from warrants, convertible notes and preferred stock, if their impact on the loss per share is anti-dilutive and includes the issuable shares if their impact is dilutive.

Cash and cash equivalents

The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.

Contract receivables

Contract receivables are recorded based on progress billings, representing amounts billed to customers under contractual arrangements for goods and services provided The Company assesses contract receivables for collectability and establishes an allowance for doubtful accounts to reflect amounts estimated to be uncollectible.

The allowance for doubtful accounts is based on a periodic review of aged receivables and the creditworthiness of each customer. Factors considered include historical collection experience, customer credit risk, and current economic conditions. Adjustments to the allowance are made based on management’s assessment of collection efforts and the likelihood of recovery.

As of September 30, 2024, and December 31, 2023, the allowance for doubtful accounts was $355,453 and $379,335, respectively. The net contract receivable balance, after deducting the allowance for doubtful accounts, was $1,011,709 and $1,509,504, respectively.

Indefinite lived intangibles and goodwill assets

The Company accounts for business combinations using the acquisition method in accordance with ASC 805, “Business Combinations.” The purchase price is allocated to identifiable tangible and intangible assets acquired, and liabilities assumed, based on their estimated fair values at the acquisition date. Any excess of the purchase price over the fair value of the acquired net assets is recorded as goodwill. The purchase price allocation may be adjusted within one year as new information becomes available.

Goodwill and indefinite lived intangibles assets are tested for impairment annually in the fourth quarter, or more frequently if events indicate potential impairment, in accordance with ASC 350, “Intangibles – Goodwill and Other.” The impairment test involves a qualitative or quantitative assessment to determine if the carrying amount exceeds the asset’s fair value.

As of September 30, 2024, and 2023, the Company determined that no impairment existed.

Prepaid expenses

Prepaid expenses represent payments made by the Company in advance for goods or services that provide future economic benefits. These amounts are recorded as assets upon payment and subsequently expensed over the periods in which the related benefits are realized, in accordance with the matching principle.

As of September 30, 2024, and December 31, 2023, the prepaid expenses balance was $82,247 and $0, respectively.

Property and equipment

Property and equipment are recorded at cost. Upon disposal, the asset’s cost and accumulated depreciation are removed from the accounts, and any resulting gain or loss is recognized in the income statement. Maintenance and repairs costs are expensed as incurred, while expenditures that significantly improve or extend the useful life of the assets are capitalized.

Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, as follows:

Estimated Life
Machinery and equipment		5-10 years
Furniture, fixtures and computer equipment		3-7 years
Computer software		3 years
Vehicles		3-6 years
Leasehold improvements		2-5 years or lease term

	September 30,			December 31,
	2024			2023
Machinery and equipment	$	383,571		$	383,569
Computer equipment and software		66,491			66,493
Vehicles		64,276			64,276
Demo Units		36,139			36,139
Furniture and fixtures		29,809			29,810
Leasehold improvements		26,725			26,725
Gross property and equipment		607,011			607,012
Less accumulated depreciation		(481,895	)		(460,276	)
Net property and equipment	$	125,116		$	146,736

The Company reviews long-lived assets for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable. If indicators are present, the carry value is compared to fair value, and any excess is recognized as an impairment charge in accordance with ASC 360, “Property, Plant, and Equipment.”

Depreciation expenses for the nine months ended September 30, 2024, and 2023, were $21,619 and $23,011, respectively.

Leases

The Company accounts for leases in accordance with ASC 842, “Leases”. At lease inception, the Company determines whether an arrangement contains a lease. Operating leases are recorded as Right-Of-Use (“ROU”) assets, current lease liabilities, and non-current lease liabilities on the consolidated balance sheets.

ROU assets represent the Company’s right to use an asset for the lease term, while lease liabilities represent the obligations to make lease payments. These assets and liabilities are recognized at the lease commencement date, measured by the present value of the lease payments. As the implicit rate is not readily determinable, the Company uses the incremental borrowing rate.

Lease expense is recognized on a straight-line basis over the lease term. Short-term leases (12 months or less) do not result in recognition of ROU asset or lease liability recognition, provided no purchase option is reasonably certain to be exercised.

Certain lease agreements include variable lease payments, such as those adjusted for inflation or usage, which are recognized in the period in which the triggering event occurs and are not included in the initial lease liability measurement.

Further details regarding the Company’s leases, including future lease payments, and lease liabilities, are provided in Footnote 4 - Leases.

Long term asset held for sale

The Company recognized the sale of real property in Buenos Aires, Argentina, which was transferred to the Company in 2021 in exchange for Series T Preferred Stock issued under a Securities Purchase Agreement (“SPA”). For further details on the transaction, including the initial recognition, impairments, and final sales terms, refer to Footnote 12- Assets Held for Sale – Continuing Operations.

As of September 30, 2024, the outstanding receivable balance related to the sale was $0.

Stock-Based Compensation

The Company accounts for stock-based compensation in accordance with ASC 718, “Compensation – Stock Compensation.” Stock options and warrants issued to employees and non-employees for services and financing costs are measured at fair value.

For employees, the fair value is determined at the grant date and recognized as expense over the vesting period, typically using the Black-Scholes model.

For non-employees, the fair value is measured at the earlier of (a) the performance commitment date or (b) when the performance is complete. Compensation is recognized over the vesting period, or immediately if there are no future performance obligations.

Derivatives

The Company evaluates all financial instruments to determine if they qualify as derivatives or contain embedded derivative features. Derivatives are initially recorded at fair value and are revalued at each reporting date, with changes in fair value recognized in the consolidated statements of operations.

For stock-based derivatives, the Company uses a Binomial lattice option pricing model to value the instruments at inception and on subsequent valuation dates.

The classification of derivatives as liabilities or equity is reassessed at each reporting period. Derivative liabilities are classified as current or non-current based on the likelihood of net-cash settlement within 12 months of the balance sheet date.

Fair value of financial instruments

The Company measures certain financial instruments at fair value in accordance with ASC 820, which provides a framework for measuring fair value. Fair value represents the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date.

ASC 820 outlines a three-tier fair value hierarchy that prioritizes the inputs used in valuations:

	●	Level 1: Observable inputs such as quoted prices in active markets for identical assets or liabilities.

	●	Level 2: Inputs other than quoted prices, including observable market data for similar assets or liabilities in active or inactive markets.

	●	Level 3: Unobservable inputs requiring the use of significant assumptions or models.

As of September 30, 2024, the Company’s financial assets and liabilities measured at fair value on a recurring basis are classified within the fair value hierarchy as follows:

		Total				(Level 1)				(Level 2)				(Level 3)
Investment at fair value-securities, September 30, 2024		$	34,846			$	34,846			$	-			$	-

	Total		(Level 1)		(Level 2)		(Level 3)
Convertible notes liability	$	13,345,084	$	-	$	-	$	13,345,084
Warrants liability		234,791		-		-		234,791
Total derivative liability, September 30, 2024		13,579,875		-		-		13,579,875

The following is a reconciliation of Level 3 derivative liabilities for the period ending September 30,2024:

Balance as of January 1, 2024	$	7,742,759
Net loss on conversion of debt and change in derivative liabilities		5,837,116
Balance as of September 30, 2024	$	13,579,875

The Company utilizes a Binomial lattice option pricing model to value derivative liabilities. Significant assumptions used in the calculation for the period ending September 30, 2024, valuation include, but are not limited to:

		September 30, 2024
Risk free interest rate		4.1% -5.0%
Stock volatility factor		101.9% - 218.8%
Weighted average expected option life (in years)		0.50 - 4.50
Expected dividend yield		None

Segment Reporting

The Company operates in a single reporting segment, as its organizational structure and management approach evaluate the business as a unified operation. This single-segment manger reflects the manner in which the Company’s Chief Operating Decision Maker assesses performance and allocates resources.

Marketable Securities

The Company adopted ASU 2016-01, “Financial Instruments – Recognition and Measurement of Financial Assets and Financial Liabilities.” This standard requires investments, except those under the equity method or resulting in consolidation of the investee, to be measured at fair value, with changes in fair value recognized in net income. It also mandates the use of the exit price notion for fair value measurement and requires separate presentation of the financial assets and liabilities by measurement category and form.

The Company evaluated the impact of this standard and determined it had a significant effect on the condensed consolidated financial statements. The Company accounts for its investment in Water Technologies International, Inc. as available-for-sale securities, with unrealized gains recognized in net income.

Licensing agreement

The Company evaluated its licensing agreement under ASU 606 to determine the timing of revenue recognition. The licensing of intellectual property (“IP”) is distinct from the non-license goods or services, with significant standalone functionality that provides value to the customer. Since this functionality is delivered immediately, and does not change during the license period, revenue is generally recognized upon delivery of the license.

Reclassification

Certain amounts from prior period financial statements have been reclassified to align with the presentation used in the current condensed consolidated financial statements for comparative purposes. These reclassifications had no material effect on the Company’s previously issued financial statements.

Work-in-process

The Company records accumulated costs for work-in-process as an asset for projects expected to be delivered to customers. These costs include materials and labor related to the construction of equipment to be sold.

Recently issued accounting pronouncements

Management has reviewed recently issued, but not yet effective, accounting standards and does not expect them to have a material impact on the accompanying condensed financial statements if adopted.

WODI Assets and Liabilities Held-for-Sale, Discontinuing Operations

On September 21, 2023, WODI entered into a merger agreement with PWT, to enhance enterprise value in anticipation of a potential merger with FRLA. As part of the merger, PWT rebranded to Water on Demand and entered discussions with FRLA to acquire all outstanding securities of the combined WODI/PWT entity, subject to certain financial and business conditions. The preliminary LOI is non-binding and provides a framework for good faith negotiations.

On October 24, 2023, WODI and FRLA executed a definitive Business Combination Agreement (the “BCA”), estimated a proforma equity valuation of approximately $72 million for the merged entity, assuming no additional redemptions of FRLA public shares. Subsequently, on October 25, 2023, at a Special Meeting, FRLA shareholders approved a twelve-month extension option, extending the deadline to consummate its initial business combination to November 5, 2024, subject to certain conditions.

On February 14, 2024, the Company and FRLA filed a registration statement on Form S-4 with the SEC, which includes a preliminary proxy statement and prospectus for the proposed business combination with WODI.

Classification ad Held-For-Sale and Discontinued Operations

In accordance with ASC 205-20, the assets, liabilities, and operating results of WODI, including those associated with the lease of Sherman, Texas facility (See Footnote 3 – Leases for lease specifics) are classified as held-for-sale and discontinued operations as of September 30, 2024. This classification reflects a strategic shift expected to significantly impact the Company’s financial results The classification meets all held-for-sale criteria under ASC 205-20, as follows:

●

Management has committed to a plan to sell the entity.

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The entity is available for immediate sale in its current condition

●

An active program to locate a buyer and finalize the sale is underway.

●

The sale is probable, withing one year.

●

The entity is marked for sale at a reasonable price relative to fair value.

Financial Statement Impact and Comparability Adjustments

As a result of the held-for-sale classification, WODI’s assets, liabilities, and operating results have been reclassified as held-for-sale and discontinued operations on the balance sheet and income statement as of September 30, 2024. The prior period condensed consolidated financial statements as of December 31, 2023, have been restated for comparability. Net losses for held-for-sale operations are presented as a sperate line item in both the current and prior periods to facilitate comparability.

As the proposed business combination meets all these criteria, WODI’s assets, liabilities, and operating results have been reclassified as held-for-sale as of September 30, 2024. The prior period condensed consolidated financial statements, ending December 31, 2023, have been adjusted for comparability.

Assets and Liabilities Held-for-Sale

Major categories of assets and liabilities included in the held-for-sale classification are separately presented on the balance sheet. These include, but are not limited to, assets related to contract receivables and right of use assets and corresponding liabilities as of September 30, 2024.

	September 30,		December 31,
	2024		2023
CURRENT ASSETS
Cash	$	200,347	$	374,192
Contracts receivable, net allowance of $355,453 and $379,335, respectively (Note 2)		1,011,709		1,509,504
Contract assets (Note 7)		830,194		455,102
Right-of-use asset, net		596,235		-
Prepaid expenses		72,088		-
Other receivable		-		-
Total Current Assets Held-For-Sale		2,710,573		2,338,798
NET PROPERTY AND EQUIPMENT HELD-FOR-SALE		1,324		3,370
NON-CURRENT ASSETS HELD-FOR SALE
SPAC Class B common shares purchase cost (Note 10)		400,000		400,000
Security deposit		19,051		-
Total Non-Current Liabilities Held-For-Sale		419,051		400,000
CURRENT LIABILITIES HELD-FOR-SALE
Accounts payable and other payable	$	1,948,771	$	1,335,211
Accrued expenses		2,826,113		1,103,159
Customer deposit		143,503		143,503
Secured loans payable		-		110,695
Lease liabilities, current		146,315		-
Contract liabilities (Note 7)		2,348,458		1,346,366
Warranty reserve		20,000		20,000
Tax Liability				13,600
Line of credit (Note 11)		27,292		178,808
Convertible secured promissory notes (Note 6)		21,051,139		16,729,089
Total Current Liabilities Held-For-Sale	$	28,511,591	$	20,980,431
NONCURRENT LIABILITIES HELD-FOR-SALE
Lease liabilities, non current		480,038		-
Total Non-Current Liabilities Held-For-Sale	$	480,038	$	-

Net loss from Assets Held-for-Sale

The operating results and net loss from assets held-for-sale are reported in a separate line on the income statement. The presentation isolates the impact of the discontinued operations on overall financial performance for both the current and prior period comparatives.

	Three Months Ended September 30						Nine Months Ended September 30
	2024			2023			2024			2023
Revenue	$	868,123		$	1,357,267		$	3,472,319		$	5,181,199
Cost of goods sold		909,504			1,136,539			3,241,850			4,649,625
Gross Profit		(41,381	)		220,728			230,469			531,574
Operating Expenses
Selling and marketing expenses		173,068			335			267,739			43,322
General and administrative expenses		987,002			306,064			1,565,786			866,314
Total Operating Expenses		1,160,070			306,399			1,833,525			909,636
Loss from Operations		(1,201,451	)		(85,671	)		(1,603,056	)		(378,062	)
OTHER INCOME (EXPENSE)
Other income		40,828			569			41,974			127,448
Impairment of receivable from SPAC		(452,508	)		(610,000	)		(1,580,508	)		(3,210,985	)
Conversion and settlement value added to note purchase agreements (see Note 6)		(382,349	)		(420,765	)		(1,679,349	)		(7,728,089	)
Preferred stock compensation expense		-			(1,690,500	)		-			(576,618	)
Interest expense		(602,486	)		(369,868	)		(1,642,713	)		(681,477	)
TOTAL OTHER (EXPENSE) INCOME		(1,396,515	)		(3,090,564	)		(4,860,596	)		(12,069,721	)
NET LOSS FROM ASSETS-HELD-FOR-SALE	$	(2,597,966	)	$	(3,176,235	)	$	(6,463,652	)	$	(12,447,783	)

Leases

The Company leases production facilities under a non-cancelable operating lease agreement. The facility located at 5225 W Houston Sherman, Texas commenced on July 1, 2024, and is classified as an operating lease, in accordance with ASC 842, Leases. The lease has a term of 61 months, with the Company responsible for property taxes, insurance, and maintenance costs under a Tripe Net (NNN) arrangement.

As noted in Footnote 2, WODI Assets and Liabilities Held-for-Sale, this lease is included in the held-for-sale classification due to the Company’s strategic business combination plans. The lease details below remain relevant for the current period per ASC 205-20, until the completion of the sale.

Right-of-Use (ROU) Asset and Lease Liability

At lease commencement, the Company recorded a Right-of-Use (ROU) asset and corresponding lease liability, both measured at the present value of lease payments over the lease term, discounted using an incremental borrowing rate of 11.84%. The ROU asset is amortized on a straight-line basis over the lease term, while the lease liability is reduced based on the effective interest method. Each monthly payment is allocated between interest expense and principal reduction.

Lease balances as of September 30, 2024

The components of lease-related assets and liabilities as of September 30, 2024, included within the held for sale classification are as follows:

Description	Amount
Right of Use Asset, net	$	596,235
Lease Liability - current portion		146,315
Lease liability - non-current portion		466,438
Total lease liability	$	612,753

Lease Expense

For the quarter ended September 30, 2024, the Company recognized the following lease-related expenses in COGS, as the facility is directly related to production:

●

Amortization of ROU Asset $30,840

●

Interest expense $12,304 (related to the lease liability)

Future Minimum Lease Payments

Future minimum lease payments as of September 30, 2024, are presented as part of held-for-sale assets, are as follows:

Period	Amount
Remainder of 2024	$	39,936
Year 1		161,791
Year 2		166,602
Year 3		171,465
Year 4		176,667
Year 5 and thereafter		104,867
Total Lease Payments	$	821,328
Less: Present Value Discount		(208,575	)
Total Lease Liability	$	612,753

Other Lease Disclosures

The Company has no significant options to extend or terminate the lease beyond its contractual terms. The lease agreement does not include any purchase options, nor are there any residual value guarantees associated with the lease.

Capital Stock

OriginClear, Inc. Preferred Stock

Series C Preferred Stock

On March 14, 2017, the Board of Directors authorized the issuance of 1,000 shares of Series C preferred stock, par value $0.0001 per share, to T. Riggs Eckelberry in exchange for continued employment. These shares carry no dividend rights, no liquidation preference, and are not convertible. The holder is entitled to 51% of the voting power. The purchase price was $0.0001 per share, for a total of $0.10 for 1,000 shares. As of September 30, 2024, 1,000 shares of Series C preferred stock were issued and outstanding.

Series D-1 Preferred Stock

On April 13, 2018, 50,000,000 shares were designated as Series D-1 preferred stock. These shares carry no dividend rights or liquidation preference and are convertible into 0.0005 shares of common stock, subject to a 4.99% beneficial ownership cap, which may be increased to 9.99% with 61 days’ notice. Issued at no consideration per share, Series D-1 has a total value of $0. As of September 30, 2024, 31,500,000 shares of Series D-1 preferred stock were issued and outstanding.

Series F

On August 14, 2018, 6,000 shares were designated as Series F preferred stock, with a liquidation preference of $1,000 per share plus accrued but unpaid dividends. Series F shares are non-convertible and entitle the holder to quarterly dividends at an 8% annual rate. Redemption was required by September 1, 2020, but the Company failed to redeem. During the nine months ended September 30, 2024, 10 shares of Series F were exchanged for 10 shares of Series Q preferred stock with no gain or loss was recognized. As of September 30, 2024, 50 shares remained outstanding, and the Company was in default for an aggregate redemption obligation of $50,000.

Series G

On January 16, 2019, 6,000 shares were designated as Series G preferred stock, with a stated value of $1,000 per share. Holders are entitled to cumulative dividends at an 8% annual rate, payable quarterly. Redemption was required by April 30, 2021, but the Company failed to redeem. As of September 30, 2024, 25 shares of Series G preferred stock remained outstanding, with a redemption obligation of $25,000.

Series I

On April 3, 2019, 4,000 shares were designated as Series I preferred stock, with a stated value of $1,000 per share. Series I holders are entitled to cumulative dividends at an annual rate of 8%, payable quarterly. The Series I shares are not convertible and are not entitled to voting rights. Redemption was required between May 2, 2021, and June 10, 2021, but the Company failed to redeem. As of September 30, 2024, 25 shares of Series I preferred stock were outstanding, with a redemption obligation of $25,000, and the Company remains in default.

Series J

On April 3, 2019, 100,000 shares were designated as Series J preferred stock, with a stated value of $1,000 per share. Holders of Series J preferred stock are entitled to dividends on an as-converted basis with the Company’s common stock. The Series J preferred stock is convertible into shares of common stock on the terms outlined in the Series J Certificate of Designation (“COD”). As of September 30, 2024, 210 shares of Series J preferred stock were issued and outstanding.

Series K

On June 3, 2019, 4,000 shares were designated as Series K preferred stock, with a stated value of $1,000 per share. Holders are entitled to cumulative dividends at an 8% annual rate, payable quarterly. These shares are not entitled to voting rights or convertible. The company was required to redeem the shares between August 5, 2021, and April 24, 2022, but failed to redeem. dividends. As of September 30, 2024, 297.15 shares of Series K preferred stock was issued and outstanding, with a redemption obligation of $297,150.

Series L

On June 3, 2019, 100,000 shares were designated as Series L preferred stock with a stated value of $1,000 per share. Holders are entitled to dividends on an as-converted basis with the Company’s common stock. The Series L preferred stock is convertible into common stock. As of September 30, 2024, 320.5 shares of Series L preferred stock were issued and outstanding.

Series M

On July 1, 2020, 800,000 shares were designated as Series M preferred stock, with a stated value of $25 per share. Holders are entitled to monthly dividends at 10% annual rate, with a liquidation preference equal to $25 per share plus unpaid dividends. These shares are not convertible or entitled to voting rights, except as required by law. The Company may redeem Series M shares at a price of $37.50 per share plus unpaid dividends. As of September 30, 2024, there were 40,300 shares of Series M preferred stock issued and outstanding.

Series O

On April 27, 2020, 2,000 shares were designated as Series O preferred stock, with a stated value of $1,000 per share. Holders are entitled to cumulative dividends at an annual rate of 8% in cash and 4% in shares of common stock, payable quarterly. The Series O preferred stock has a liquidation preference equal to the stated value plus any accrued but unpaid dividends, in preference to the common stock. The Series O preferred stock has no preemptive or subscription rights, and there is no sinking fund provision applicable. These shares do not have voting rights except as required by law. Each Series O is convertible into common stock at a rate of 200% of the stated value divided by the conversion price, subject to a 4.99% beneficial ownership cap, which may be increased up to 9.99% upon 61 days’ notice. The conversion price is based on the average closing sale price of the common stock for the five trading days prior to the conversion date. The Company has the right to redeem the Series O preferred stock at any time at a redemption price equal to the stated value plus any accrued but unpaid dividends. The cumulative dividends are recorded as interest expense.

During the nine months ended September 30, 2024, the Company issued 693,766 shares of common stock in prorated 4% annualized dividends, recorded as interest expense. The shares were issued within the terms of the agreement, and no gain or loss was recognized. During the nine months ended September 30, 2024, the Company issued 965,252 shares of common stock upon conversion of 5 shares of Series O preferred stock. There was no gain or loss recognized. As of September 30, 2024, there were 185 shares of Series O preferred stock issued and outstanding.

Series P

On April 27, 2020, 500 shares were designated as Series P preferred stock, with a stated value of $1,000 per share. Holders of Series P preferred shares are entitled to receive dividends on an as-converted basis with the Company’s common stock. The Series P preferred stock is convertible into common stock pursuant to the terms outlined in the Series P COD, including certain make-good shares for certain prior investors. Conversion is subject to a 4.99% beneficial ownership which may be increased to 9.99% upon 61 days’ notice.

The Series P preferred stock entitles holders to payment on an as-converted and pari-passu basis with common stock upon liquidation. The Series P preferred stock has no preemptive or subscription rights, and there is no sinking fund or redemption provisions. These shares vote on as-converted basis with the common stock, subject to the beneficial ownership limitation. As of September 30, 2024, 30 shares of Series P preferred stock issued and outstanding.

Series Q

On August 21, 2020, 2,000 shares were designated as Series Q preferred Stock, with a stated value of $1,000 per share. Holders are entitled to receive cumulative dividends at an annual rate of 12% in cash, payable quarterly. The Series Q preferred stock has a liquidation preference equal to the stated value plus any accrued but unpaid dividends, in preference to common stock. These shares have no preemptive or subscription rights, and there is no sinking fund provision. The Series Q preferred stock does not have voting rights except as required by law. Each Series Q share is convertible into common stock at a rate of 200% of the stated value by divided by the conversion price, subject to a 4.99% beneficial ownership cap, which may be increased up to 9.99% upon 61 days’ notice. The conversion price is based on the average closing sale price of the common stock for the five trading days prior to the conversion date. The Company may redeem the Series Q shares at any time at a redemption price equal to the stated value plus accrued but unpaid dividends. The cumulative dividends are recorded as interest expense.

During the nine months ended September 30, 2024, the Company issued 4,576,458 shares of common stock upon conversion of 20 shares of Series Q preferred stock. No gain or loss was recognized. As of September 30, 2024, there were 410 shares of Series Q preferred stock issued and outstanding.

Series R

On November 16, 2020, 5,000 shares were designated as Series R preferred stock, with a stated value of $1,000 per share. Holders are entitled to cumulative dividends at an annual rate of 10% in cash, payable quarterly. The Series R preferred stock has no voting rights except as required by law. Each share of Series R is convertible into common stock at a rate of 200% of the stated value divided by the conversion price, with certain prior investors entitled to make-good shares. The conversion is subject to a 4.99% beneficial ownership cap, which may be increased up to 9.99% upon 61 days’ notice. The conversion price is based on the average closing sale price of the common stock for the five trading days prior to the conversion date. The Company may redeem the Series R shares at any time at a redemption price equal to the stated value plus any accrued but unpaid cash dividends, or, if paid in common stock, the number of shares determined by dividing the stated value by the conversion price.

During the nine months ended September 30, 2024, the Company issued 30,496,772 shares of common stock upon conversion of 135 shares of Series R preferred stock. No gain or loss was recognized. As of September 30, 2024, 1,473 shares of Series R preferred stock issued and outstanding.

Series S

On February 5, 2021, 430 shares were designated as Series S preferred stock, with a stated value of $1,000 per share. Holders are entitled to cumulative dividends at an annual rate of 12% in cash, payable quarterly. The Series S preferred stock has no voting rights except as required by law. Each share of Series S is convertible into common stock at a rate of 200% of the stated value divided by the conversion price, subject to a 4.99% beneficial ownership cap, which may be increased up to 9.99% upon 61 days’ notice. The conversion price is based on the average closing sale price of the common stock for the five trading days prior to the conversion date. The Company has the right to redeem the Series S at any time a redemption price equal to the stated value plus any accrued but unpaid dividends.

During the nine months ended September 30, 2024, the Company issued 2,272,728 shares of common stock upon conversion of 10 shares of Series S preferred stock. No gain or loss was recognized. As of September 30, 2024, 110 shares of Series S preferred stock were issued and outstanding.

Series U

On May 26, 2021, 5,000 shares were designated as Series U preferred stock, with a stated value of $1,000 per share. Holders are not entitled to any dividends and have no voting rights except as required by law. Each share of Series U is convertible into common stock at a rate of 150% of the stated value divided by the conversion price. Certain prior investors are also entitled to certain make-good shares, subject to a 4.99% beneficial ownership cap, which may be increased up to 9.99% upon 61 days’ notice. The conversion price is equal to the lesser of $0.20 or the average closing sale price of the common stock for the five trading days prior to the conversion date. The Company has the right to redeem the Series U at any time at a redemption price equal to the stated value in cash or shares of common stock, determined by dividing 200% of the stated value by the conversion price, and adding any applicable make-good shares.

As of September 30, 2024, there were 270 shares of Series U preferred stock issued and outstanding, along with 596,500 warrants with a fair value of $0 (with exercise price of $1). These warrants associated with Series U were valued using the Black Scholes model (See Note 5).

Series W

On April 28, 2021, 3,390 shares were designated as Series W preferred stock, with a stated value of $1,000 per share. Holders are entitled to cumulative dividends in cash at an annual rate of 12%, payable quarterly. The Series W holders have no voting rights except as required by law. Each Series W share is convertible into common stock at a rate of 200% of the stated value divided by the conversion price, subject to a 4.99% beneficial ownership cap. The conversion price is equal to the average closing sale price of the common stock for the five trading days prior to the conversion date. The Company has the right to redeem the Series W at any time at a redemption price equal to the stated value plus any accrued but unpaid dividends.

During the nine months ended September 30, 2024, the Company issued 41,715,134 shares of common stock upon conversion of 200 shares of Series W preferred stock. No gain or loss was recognized. As of September 30, 2024, 696.5 shares of Series W preferred stock were issued and outstanding.

Series Y

On December 6, 2021, 3,000 shares were designated as Series Y preferred stock, with an original issue price of $100,000 per share. Holders are entitled to receive, on a pro rata and pari passu basis, annual distribution of up to 25% of the annual net profits of newly established, wholly owned WOD subsidiaries, designated by each holder, paid within 3 months of subsidiary’s accounting year-end. Series Y holders are not entitled to voting rights except as required by law. Each Series Y share is convertible into common stock, subject to a 4.99% beneficial ownership cap, which may be increased up to 9.99% upon 61 days’ notice. The Company may redeem the Series Y preferred stock at any time at a redemption price equal to the original issue price plus any accrued but unpaid distributions of 25% of the subsidiary’s annual net profits.

During the nine months ended September 30, 2024, the Company received funding of $995,100 through the sale of Series Y preferred stock and issued 108,049,219 shares of common stock upon the conversion of 5.47 shares of Series Y preferred stock. No gain or loss was recognized. Additionally, Series Y holders received shares of Series A preferred stock in Water on Demand, Inc. or warrants to purchase common shares in WODI.

The Company also issued 7,760,800 warrants to Series Y investors, with an exercise price of $0.001 per share and a three-year term, in exchange for 4,701,230 in proceeds.

As of September 30, 2024, there were 28.83 shares of Series Y preferred stock issued and outstanding, along with 62,534,616 warrants valued at $173,618, with exercise prices between $0.13 and $0.25. The warrants were valued using the Black Scholes model (See Note 5, Restricted Stock Grants and Warrants).

Series Z

On February 11, 2022, 25 shares were designated as Series Z preferred stock, with an original issue price of $10,000 per share. Holders were not entitled to dividends or voting rights. Each share of Series Z was convertible into common stock, subject to a 4.99% beneficial ownership cap, which may be increased up to 9.99% upon 61 days’ notice. On February 18, 2022, the Company issued 25 shares of Series Z preferred stock along with 2,500,000 warrants, exercisable at $0.10 per share. All 25 shares of Series Z were converted to common stock during the year ended December 31, 2023. As of September 30, 2024, 2,500,000 warrants remained outstanding with a fair value of $4,441, valued using the Black Scholes model (See Note 5).

As of September 30, 2024, the Company accrued dividends in the amount of $606,849 for all series of preferred stock.

During the nine months ended September 30, 2024, the Company redeemed 197,113,414 shares of common stock at a price of $0.01 per share and recognized a gain of $1,636,728 in the condensed consolidated statements of operations relating to settlement and conversion agreements with certain WODI convertible secured promissory note holders.

The Series J, Series L, Series M, Series O, Series P, Series Q, Series R, Series S, Series U, Series W, Series Y, and Series Z preferred stock are accounted for outside of permanent equity due to the terms of conversion at a market component or stated value of the preferred stock.

WODI Preferred Stock

On April 22, 2022, WODI authorized 50,000,000 shares of preferred stock, with a par value of $0.0001per share. As a result of WODI’s merger with PWT on September 21, 2023 (See Note 10), all previously issued series of WODI preferred stock were fully converted into WODI common stock. As of December 31, 2023, and September 30, 2024, there were no shares of WODI preferred stock issued and outstanding.

OriginClear, Inc. Common Stock

Nine Months Ended September 30, 2024

The Company issued 70,218,771 shares of common stock for services rendered, with a fair value of $592,419, at share prices ranging from $0.0063 - $0.012 per share.

The Company issued 693,766 shares of common stock in payment of Series O preferred stock dividends.

The Company issued 122,213,744 shares of common stock for the settlement of conversion agreements, with a fair value of $12,221.

The Company issued 20,937,829 shares of common stock for alternate vesting, with a fair value of $169,597.

The Company issued 188,075,563 shares of common stock upon conversion of $917,000 of preferred stock.

The Company redeemed 197,113,414 shares of common stock at a market price of $0.01 per share, recognizing a gain of $1,674,228.

The Company also issued 5,080,000 shares of common stock through Regulation A to investors for cash proceeds totaling $48,775.

Nine Months Ended September 30, 2023

The Company issued 20,492,456 shares of common stock through an equity financing agreement, for $141,373 based upon conversion prices ranging from $0.0064 to $0.00816 per share.

The Company issued 55,788,402 shares of common stock upon conversion of a convertible promissory note, consisting of principal of $91,000, plus accrued interest of $76,365, for a total aggregate of $167,365, based upon a conversion price of $0.0085. No gain or loss was recognized.

The Company issued 62,872,237 shares of common stock for services rendered, with a fair value of $603,578, at share prices ranging from $0.0051 to $0.0135 per share.

The Company issued 677,526 shares of common stock for Series O preferred stock dividends payable.

The Company issued 11,584,932 shares of common stock for alternate vesting, with a fair value of $120,540.

The Company issued 269,393,920 shares of common stock for settlement of conversion agreements, with a fair value of $26,940.

The Company issued 681,197,043 shares of common stock upon conversion of $3,388,000 of preferred stock. No gain or loss was recognized.

The Company redeemed 810,707,9925 shares of common stock at a market price of $0.01 per share, amounting to $7,088,473.

WODI Common Stock

As of September 30, 2024, WODI had 13,399,217 shares of issued and outstanding common stock, with 12,171,067 (90.83%) owned by OriginClear Inc., and a minority, non-controlling interest of 9.17% owned by a number of unaffiliated investors. The following table outlines WODI’s ownership percentage as of September 30, 2024:

WODI common stock holders	Ownership %
OriginClear, Inc.		90.83	%
Prior Reg A Holders		0.19	%
Prior Series A Holders		3.87	%
Prior Series B Holders		5.11	%
Total		100	%

Restricted Stock Grants and Warrants

Restricted Stock Grants to CEO, the Board, Employees and Consultants

Between May 12, 2016, and August 4, 2022, the Company entered into Restricted Stock Grant Agreements (“RSGAs”) with its CEO, Board members, employees, and consultants as part of its performance incentive program. These shares are performance-based and are issued upon achieving the following milestones:

●

Consolidated gross revenue of $15 million or more over the trailing 12 months, and

●

Consolidated operating profit of $1.5 million or more during the same period.

The Company has not recognized any costs associated with these milestones, as achieving them is currently considered not probable.

On August 14, 2019, the Board approved an alternative vesting schedule, amended on January 26, 2022. This schedule adjusts the number of vested shares to maintain the original fair market value if the stock price on the vesting date is lower than on the RSGA’s effective date. Once performance milestone are met, vesting reverts to the original terms.

During the nine months ended September 30, 2024, the Company issued 20,937,829 shares under the alternative vesting schedule, recognizing $169,597 in stock-based compensation.

Warrants

During the nine months ended September 30,2024, the Company issued a total of 2,084,299 warrants with an exercise price of $1.00 per share and a three-year term, in exchange for $701,230 in proceeds. This includes 1,427,049 warrants issued for proceeds of $426,230 during the six months ended June 30, 2024, as well as an additional 652,250 issued during the third quarter for proceeds of $275,000. Additionally, during the nine months ended September 30, 2024, the Company issued 4,877,500 warrants in connection with its Regulation A offering, with an exercise price of $0.01 per share and one-year term, for total proceeds of $48,775.

As of September 30,2024, the derivative liability for warrants was $234,791, with no intrinsic value.

A summary of the Company’s warrant activity and related information for the nine months ended September 30, 2024, is as follows:

				Weighted
				average
	Number of			exercise
	Warrants			price
Outstanding - beginning of period		64,401,089		$	0.1383
Granted		12,638,300		$	0.0806
Exercised		-		$	-
Expired		(963,500	)	$	1.0000
Outstanding - end of period		76,075,889		$	0.1178

At September 30, 2024, the weighted average remaining contractual life of warrants outstanding:

						Weighted
						Average
						Remaining
Exercisable		Warrants		Warrants		Contractual
Prices		Outstanding		Exercisable		Life (years)
$	0.0200		600,000		600,000		1.92
$	0.0275		8,727,273		8,727,273		6.66
$	0.1000		2,500,000		2,500,000		2.39
$	0.1250		55,014,616		55,014,616		3.06
$	0.2500		3,760,000		3,760,000		2.22
$	1.0000		596,500		596,500		0.10
$	0.0100		4,877,500		4,877,500		0.06
			76,075,889		76,075,889

Convertible Promissory Notes

OriginClear, Inc.

As of September 30, 2024, the outstanding convertible promissory notes are as follows:

Convertible promissory notes	$	2,617,691
Less current portion		597,944
Total long-term liabilities	$	2,019,747

Maturities of long-term debt for the next five years are as follows:

Period ending September 30,	Amount
2024 (remaining 3 months)	-
2025		82,472
2026		1,875,000
2027		-
2028		62,275
	$	2,019,747

2014-2015 Notes

Issued between November 2014 through April 2015, these unsecured convertible promissory notes (“2014-2015 Notes”) were extended to mature between November 2023 and April 2026. The notes bear interest at 10% per year and may be converted into common stock at the lesser of $4,200 to $9,800, or 50% of the lowest trade price following issuance. The conversion feature is accounted for as a derivative due to the variable reset terms. As of September 30, 2024, the outstanding balance is $683,700, classified as long term.

OID Notes

As of September 30, 2024, unsecured original issue discount (“OID”) notes had a remaining balance of $184,124, with accrued interest of $13,334. These notes matured on June 30, 2023, and were extended to June 30, 2028. They are convertible into shares of the Company’s common stock at the lesser of $5,600 per share or 50% of the lowest trade price recorded since issuance. The conversion feature is considered a derivative due to reset provisions. As of September 30, 2024, the remaining balance was $62,275, classified as long- term.

2015 Notes

The Company issued unsecured convertible promissory notes (“2015 Notes”) on various dates, with the last issued in August 2015. The maturity dates were extended to February 2026 through August 2026, with an interest rate of 10% per year. These notes are convertible into common stock at prices ranging from the lesser of $1,400 to $5,600 or 50% of the lowest trade price following issuance. The conversion feature is considered a derivative due to reset provisions. As of September 30, 2024, the remaining balance of $1,200,000, classified as long-term.

Dec 2015 Note

The Company issued a convertible note (“Dec 2015 Note”) in exchange for accounts payable totaling $432,048, convertible into common stock after December 31, 2015. Initially accounted for under ASC 470 with a beneficial conversion feature, it was later reclassified under ASC 815 as a derivative due to reset provisions. The Dec 2015 Note carries no stated interest and has a conversion price of 75% of the average of the three lowest trading prices over the prior 25 trading days. As of September 30, 2024, the remaining balance was $167,048, classified as short-term.

Sep 2016 Note

The Company issued a convertible note (the “Sep 2016 Note”) in exchange for accounts payable of $430,896, convertible into common stock after September 15, 2016. Initially accounted for under ASC 470 with a beneficial conversion feature, it was later reclassified under ASC 815 as a derivative due to reset provisions. The Sep 2016 carries no stated interest and has a conversion price shall be equal to 75% of the average of the three lowest trading prices over the prior 25 trading days. As of September 30, 2024, the remaining balance was $430,896, classified as short-term.

Nov 2020 Note

On November 19, 2020, the Company issued an unsecured convertible promissory note (“Nov 2020 Note”) for $50,000, with original maturity date of November 19, 2021, later extended by sixty months. The note bears interest at 10% per year and may be converted into common stock at the lesser of $0.05 per share, 50% of the lowest trade after issuance, or the lowest effective price granted. A penalty of $2,000 per day applies for share delivery delays beyond the third business day. The conversion feature is classified as a derivative. As of September 30, 2024, the remaining balance was $13,773, classified as long-term.

Jan 2021 Note

On January 25, 2021, the Company issued an unsecured convertible promissory note (“Jan 2021 Note”) for $60,000, with an original maturity date of January 25, 2022, later extended by sixty months. The note bears interest at 10% per year and can be converted into common stock at the lower of $0.05 per share, 50% of the lowest trade price after issuance, or the lowest effective price granted. A penalty of $2,000 per day applies for share delivery delays beyond the third business day. The conversion feature is classified as a derivative. As of September 30, 2024, the balance was $60,000, classified as long-term.

Evaluation of Convertible Promissory Notes

The Company assessed its convertible promissory notes under ASC Topic 815, Derivatives and Hedging, and concluded that the conversion features did not qualify for exemption as conventional convertible instruments due to variable conversion rates. Without a limit on the number of shares issuable, the notes did not meet the criteria for equity classification. Under paragraph 815-15-25-4, the Company elected to measure the notes at fair value, recognizing both the host contract and the embedded derivative as a combined instrument. Changes in fair value are recognized in earnings. The Company recorded a derivative liability representing imputed interest on the embedded derivatives, which is adjusted periodically based on stock price fluctuations.

Derivative Liability

As of September 30, 2024, the derivative liability related to the convertible promissory notes was $13,345,084, as recorded in the financial statements.

WODI

During the nine months ended September 30, 2024, WODI raised $2,642,701 through the issuance of convertible secured promissory notes, bearing interest at a rate of 10% interest per annum. As part of settlement, conversion, and redemption agreements with WODI shareholders, 197,113,414 shares of the Company’s common stock were redeemed. The fair value of the redeemed shares was added to the shareholders’ investments to purchase WODI convertible secured promissory notes. A loss of $1,636,728 related to these redemptions was recognized in the condensed consolidated statements of operations. As of September 30, 2024, WODI had $21,051,139 in outstanding convertible securities promissory notes.

Revenue from Contracts with Customers

Equipment Contracts

Revenue from equipment contracts is recognized over time as performance obligations are satisfied, in accordance with ASC 606, Revenue from Contracts with Customers. Under ASC 606, revenue and profit are recognized as t control of goods and services transfer to the customer. Un-allocable indirect costs and corporate general and administrative costs are charged as incurred, and any foreseeable losses are recognized when determined.

The following table presents the Company’s disaggregated revenue by source:

	Nine Months Ended
	September 30,
	2024		2023
Equipment Contracts	$	1,464,436	$	2,174,949
Component Sales		1,056,956		901,932
Pump Stations		693,470		364,945
Waste Water Treatment Systems		154,262		1,660,625
Services Sales		95,695		36,095
Commission & Training		7,500		3,263
Rental Income		6,573		19,719
Internet Sales		-		39,390
	$	3,478,892	$	5,200,918

Revenue from continuing operations was $6,573 and $19,179 for the nine months ended September 30, 2024, and 2023, respectively. Revenue from discontinued operations was $3,427,319 and $5,181,199 for the nine months ended September 30, 2024, and 2023, respectively.

Revenue recognition for components and service sales remains materially consistent with prior periods.

Contract assets represent revenue recognized in excess of amounts billed, while contract liabilities represent billings in excess of recognized revenue. Both are classified as current on the balance sheet, as they are expected to be settled in the normal course of contract completion.

As of September 30, 2024, the contract asset was $830,194 and the contract liability was $2,348,458. As of December 31, 2023, the contract asset was $445,102, and the contract liability was $1,346,366.

Financial Assets

Fair value investment in Securities

On May 15, 2018, the Company received 4,000 shares of WTII Series C convertible preferred stock in exchange for the use of OriginClear, Inc.’s proprietary electro water separation technology. Each Series C share is convertible into 1,000 shares of WTII common stock. The stock was valued at $0.0075 per share, totaling $30,000 on the issuance date. The Company evaluated the licensing agreement under ASU 606 and determined that the IP licensing was distinct and has standalone functionality. Since the functionality was delivered immediately, the full revenue was recognized by June 30, 2018. As of September 30, 2024, the fair value of the preferred shares was $3,200, with no loss in fair value.

On November 12, 2021, the Company converted the preferred stock into 45,208,649 shares of WTII common stock. As of September 30, 2024, the fair value of this investment was $31,646.

Loans Payable

Secured Loans Payable

In 2018, the Company entered into short-term secured loans totaling $1,749,970, including $624,810 in finance costs. These loans matured between October 2018 and February 2019, with finance costs fully amortized by December 31, 2020. As of September 30,2024, the outstanding balance of these loans was $0.

On December 6, 2023, the Company obtained an additional short-term secured loan of $149,900, which included $59,900 in finance costs expensed upon loan initiation, leaving a net received amount of $90,000. This loan was fully repaid by September 30, 2024, with a balance of $0.

Settlement of Liability with C6 Capital LLC

On March 12, 2021, the Company, through its subsidiary PWT, settled a dispute with C6 Capital LLC. As part of the settlement, C6 Capital vacated its judgement, released all encumbrances fully discharging the Company from further obligations. A gain of $30,646 was recognized for the nine months ended September 30, 2024, reflecting the liability write-off in the consolidated statement of cash flows under “Gain on the extinguishment of debt”.

Small Business Administration Loan

The Company received an Economic Injury Disaster Loan (“EIDL”) of $150,000 on June 12, 2020. As of September 30, 2024, the remaining balance was $145,216.

Receivables Financing Agreement

On May 13, 2024, the Company entered into a Future Receivables Agreement with Lee Advance LLC, receiving $150,000 in exchange for selling 11% of future receivables until $225,000 is repaid. An origination fee of $15,000 was charged, and repayments are made weekly. As of September 30, 2024, the balance was $0. The arrangement included an additional $75,000 recognized as debt discount, which, together with the origination fee, was amortized as interest expense of $90,000. This amortization is reflected in the consolidated statement of cash flows under Debt discount recognized as interest expense.

Related Party Loans Payable

As of September 30,2024, the Company issued two-promissory notes to its Chief Executive Officer, reviewed and approved by the Board under the Company’s Related Party Transaction Policy for general corporate purposes.

The first note, issued on September 24, 2024, has a principal amount of $98,000 and accrues interest at an annual rate of 10%. Monthly payments of $9,212 began on October 24, 2024. The full principal and any unpaid interest are due on the earlier of March 24, 2025, or upon certain events of default.

The second note, issued on September 2, 2024, is for a principal amount of $208,000, including a $200,000 cash advance and an $8,000 loan fee. This note also carries an interest rate of 10% per annum, with monthly payments of $13,877 commencing on October 4, 2024. The total principal and accrued interest are due on March 2, 2025, or earlier if specific default conditions occur. This note is subordinated to other Company’s indebtedness.

For further information regarding these related party transactions, see Footnote 14 – Related Party.

10.

WODI

WODI was incorporated in Nevada on April 22, 2022. Supported by its parent company, WODI is developing an outsourced water treatment business called WOD, which offers private businesses the ability to pay for water treatment services on a per-gallon basis (“DBOO:). WODI intends to work with regional water service companies to build and operate the water treatment systems it finances.

On November 16, 2022, WODI filed a Form 1-A Offering Circular for a Regulation A offering (the “WODI Reg A Offering”) with the SEC. The minimum investment was $1,000 per investor. As of June 2023, the offering was suspended after selling 12,000 shares for total proceeds of $60,000.

Acquisition of Fortune Rise Sponsor LLC

On December 22, 2022, WODI acquired 100% of the membership interests in Fortune Rise Sponsor LLC (the “Sponsor”), which owned 2,343,750 Class shares of FRLA. WODI paid $400,000 for the Sponsor’s membership interest and an additional $737,267 for a previous extension payment made by the Sponsor for FLRLA. The $737,267 was recorded as notes payable to related parties on the SPAC’s consolidated balance sheet.

Business Combination with FRLA

On January 5, 2023, WODI and FRLA signed a non-binding LOI for a potential business combination. The LOI allowed for the negotiation of a definitive agreement, which would result in a merger between WODI and FRLA. WODI funding two extensions of FRLA’s deadline to complete its business combination; the second extension, requiring a $977,500 payment, extended the deadline to May 5, 2023. At a special meeting on April 10, 2023, FRLA shareholders approved a final six-month extension, extending the deadline to November 5, 2023. y 5, 2023 and a final extension for an additional six months from May 5, 2023, to November 5, 2023.

On April 14, 2023, FRLA and WODI entered into a definitive Business Combination Agreement to acquire the newly combined WODI/PWT entity.

Asset Purchase Agreement

On April 14, 2023, WODI entered into an Asset Purchase Agreement with the Company to acquire all assets related to MWS business. The acquired assets include licenses, technology, intellectual property, contracts, business models, patents and other assets, in exchange for 6,000,000 shares of WODI common stock. The assets also included MWS accounts receivable and accounts payable as of April 14, 2023. The acquisition included the assignment of the Company’s global master license to the patents of inventor Daniel M. Early, P.E., head of MWS, along with the right to file patents for inventions created since 2018. As of the Effective Date of the agreement, all MWS-related transactions, including revenue, accounts payable and accounts receivable, were transferred from the Company’s PWT subsidiary over to the Company’s WODI subsidiary.

Merger with PWT

On September 21, 2023, WODI merged with its subsidiary PWT. As part of this merger, all WODI common and preferred stock were exchanged for PWT shares. After the merger, OCLN, WODI’s parent company, received 2,171,068 shares of PWT common stock.

Promissory Notes

From December 22, 2022, through September 30, 2024, WODI and the Company made payments of $5,504,493 on behalf of FRLA to cover operating expenses and extension payments. These payments were documented as non-interest bearing unsecured promissory notes. The SPAC notes are due upon either the completion of the business combination or the SPAC’s liquidation. As of September 30, 2024, WODI had recognized $1,580,508 of these notes as impaired and recorded them as an expense due to the potential inability of the SPAC to repay.

Recording of membership interest

As of September 30, 2024, WODI recorded the purchase of Class B Founder Shares at lower of cost or market value, of $400,000 on the condensed consolidated balance sheet as other asset held-for-sale.

Impairment analysis for Class B Common Founder Shares

The Company engaged an independent valuation firm to assess the fair value of the FRLA Sponsor Shares as of as of December 31, 2023. The valuation firm undertook the following procedures:

●

Analyzed the Company’s S-4 filing, business combination agreement, and other relevant documents.

	●	Developed a Monte Carlo Model simulation model with 50,000 iterations to evaluate potential outcomes, including stock price movements, business combination timing, and lapse of the transfer restrictions.

	●	Developed the discounted cash flow model based on the sale of securities at the time the restrictions expire.

	●	Applied probability-weighted the cash flows, discounting for lack of marketability.

●

Valued the FRLA Sponsor Founder Shares as of the date of valuation.

Based on the analysis, the independent firm concluded that there was no impairment in the value of the FRLA Sponsor Founder Shares.

Restricted Stock Grants

Between August 12, 2022, and August 3, 2023, WODI entered into RSGAs with its Board members, employees, and consultants, providing for the issuance of up to 15,550,000 shares of WODI common based on milestone achievements. The shares vest upon WODI’s uplisting to a national exchange, with 25% vesting upon uplisting and the remaining shares vesting incrementally over time. On September 21, 2023, as part of the WODI-PWT merger, the shares under the WODI RSGA’s were converted into 3,069,100 total issuable shares. As of September 30, 2024, 2,581,344 shares remain eligible for vesting, but no costs were recognized as milestones were not achieved.

11.

Line of Credit

During the year ended December 31, 2023, the Company secured 12-month credit lines of $345,875, with an interest rate of 26.07%. As of September 30, 2024, the Company repaid $320,104, leaving a remaining principal balance of $27,292.

12.

Assets Held for Sale – Continuing Operations

On March 1, 2021, the Company issued 630 shares of Series T preferred stock to a Purchaser under the terms of a SPA. In exchange for the Series T preferred stock and two-year cashless warrants to acquire 25,200,000 shares of common stock at $0.05 per share, the Purchaser transferred real property located in Buenos Aires, Argentina, valued at $630,000 based on an independent appraisal that time. The real property was recorded at $630,000.

In 2022, after evaluating market offers, the Company accepted an offer of $400,000, which was $114,000 below the adjusted value. The Company further reduced the value of the assets held for sale to $400,000, recording an additional impairment of $114,000. All Series T preferred stock was converted, and the associated warrants expired by December 31, 2022.

In January 2023, the Company finalized the sale of the property for $400,000, with an initial payment of $235,000 and the remaining $165,000 payable in fifteen monthly installments of $11,000. The initial payment, after taxes and fees, resulted in net proceeds of $164,935. As of September 30, 2024, the remaining balance was $0.

13.

Commitments and Contingencies

Facility Rental

The Company’s subsidiary, PWT, leases a 21,300 square foot facility at 5225 W Houston, Sherman, TX 75092. As of September 30, 2024, the monthly rent is $13,313.

Warranty Reserve

PWT provides a warranty on its projects, generally covering defects in materials and workmanship for one year from the project’s completion date. Certain components of construction may have warranties extending beyond one year. The Company maintains insurance policies deemed sufficient by management to cover potential warranty claims. A warranty reserve of $20,000 has been established for the nine months ending September 30, 2024 and the year ending December 31, 2023, based on historical data and management’s assessment.

Litigation

There are no material updates to the litigation matters with Process Solutions, Inc. as previously disclosed in the Form 10-K filed on April 18, 2024.

14.

Related Party

As of September 30, 2024, the Company issued two promissory notes to its Chief Executive Officer, T. Riggs Eckleberry:

Promissory Note for $98,000

On September 24, 2024, the Company issued a promissory note to Mr. Eckleberry with a principal amount of $98,000. The note accrues interest at a rate of 10% per annum, with monthly payments of $9,214 commencing on October 24, 2024. The principal, along with any unpaid interest is due upon the earlier of March 24, 2025, or upon occurrence of certain events of default.

Promissory Note for $208,000

On September 2, 2024, the Company issued an unsecured promissory note to Mr. Eckelberry for a principal amount of $208,000, which includes a $200,000 cash advance and an $8,000 loan fee. The note accrues interest at 10% per annum, with monthly payments of $13,877 starting on October 4, 2024. The entire principal and accrued interest are due upon the earlier of March 2, 2025 (six months from the issuance) or upon the occurrence of certain events of default. The note is subordinate to other Company indebtedness.

Both promissory notes were reviewed and approved by the Company’s Board of Directors in accordance with the Company’s Related Party Transaction Policy. The proceeds from the notes will be used for general corporate purposes.

Takeoff Services Inc

On September 9^th, 2024, CEO T. Riggs Eckelberry, EVP Kenneth A. Berenger and VP Marking AJ Fikejs became partners in a separate company called Takeoff Services Inc. (TSI). The purpose of TSI is to assist early-stage companies in their funding. This is not a function of the Company and there is no transfer of assets intended. TSI and the Company are currently negotiating a collaboration under a non-binding MOU pursuant to which OCLN can select TSI client companies for incubation and acceleration, reinforcing its historical role. Additional benefits are expected to accrue to the Company, such as reduction in rents as the Pittsburg facility where funding activities take place and continuously improving market experience and leads for its own funding, all resulting from TSI’s work with other client companies.

Shares issued for Alternative Vesting

During the nine months ended September 30, 2024, the Company issued 20,937,829 shares of common stock under alternative vesting arrangements to related parties, including employees and directors These shares were issued in recognition of milestone achievements as determined by the Board of Directors.

15.

Subsequent Events

Management has evaluated subsequent events in accordance with ASC Topic 855 and has identified the following subsequent events:

On October 4, 2024, 1 share of Series Y preferred stock was converted into 20,833,334 common shares at $0.0072 per share. On October 2 and October 31, 2024, OCLN issued 1,362,935 common shares for consulting and advisory services. On October 14, 2024 and November 6, 2024 a total of 1,930,000 common shares of OCLN stock were issued to investors of OriginClear’s regulation A offering at $0.01 per share.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This Quarterly Report on Form 10-Q contains forward-looking statements that are subject to a number of risks and uncertainties, many of which are beyond our control, which may include statements about our:

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business strategy;

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financial strategy;

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intellectual property;

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production;

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future operating results; and

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plans, objectives, expectations, and intentions contained in this report that are not historical.

All statements, other than statements of historical fact included in this report, regarding our strategy, intellectual property, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this report, the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. All forward-looking statements speak only as of the date of this report. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements we make in this report are reasonable, we can give no assurance that these plans, intentions or expectations will be achieved. These statements may be found under “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” as well as in this report generally. Actual events or results may differ materially from those discussed in forward-looking statements as a result of various factors. In light of these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this filing will in fact occur.

Organizational History

OriginClear was founded in 2007 under the name OriginOil® and began trading on the OTC markets in 2008. In 2015, the company rebranded as OriginClear® to reflect its evolving mission of developing breakthrough businesses in the industrial water sector. Today, OriginClear operates as the Clean Water Innovation Hub™ (“CWIB”), leveraging its expertise in retail investor development to bring potentially disruptive water technologies s to market. Currently, OriginClear is focused on advancing the success of its subsidiary, Water On Demand, Inc. (WODI).

In 2023, OriginClear consolidated three of its operating units into the WODI subsidiary in anticipation of a merger with Fortune Rise Acquisition Corp (“FRLA”) a Special Purpose Acquisition Company. The definitive merger agreement between WODI and FRLA was announced on October 24, 2023: https://www.originclear.com/company-news/originclears-water-on-demand-and-fortune-rise-acquisition-corporation-announce-business-combination-to-create-nasdaq-listed-company.

WODI comprises three distinct operating units, Modular Water Systems (“MWS”), Progressive Water Treatment (“PWT”), and Water on Demand (“WOD”), the last being a development-stage business.

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PWT: This unit generates the largest portion of the Company’s revenue by providing engineered water treatment solutions and custom treatment systems.

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MWS: Water On Demand Inc. holds an exclusive master license to the intellectual property (IP) of Daniel M. Early, which includes five patents and related intellectual property, know-how and trade secrets (“Early IP”). In April 2023, an independent valuation of the Early IP estimated its nominal value between $26.6 million and $53.2 million. MWS’s product offerings are uniquely differentiated by this IP, further enhanced by additional proprietary knowledge. .

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WOD: This unit in development aims to offer private businesses water self-sustainability as a service – allowing them to pay for water treatment and purification services on a per-gallon basis – a model commonly known as Design-Build-Own-Operate (“DBOO”). The Company is currently in active negotiations with two potential showcase sites for a DBOO installation.

Water Businesses

As the Clean Water Innovation Hub™ (“CWIB”), the Company is focused on developing and incubating businesses that create valuable properties within the water industry and beyond. The mission of CWIB is to drive innovation through an incubation process that results in a launch of impactful spinoffs, contributing to the global water industry.

Currently, OriginClear’s mission as CWIB is to:

Support the Post-Merger Rollout of the WODI: OriginClear will assist in the transition of WODI post-merger, including a proposed management services contract with WODI. This contract is intended to be phased out over time as WODI establishes its own internal team and capabilities.

Facilitate WODI’s Acquisition Strategy: OriginClear is actively supporting WODI in executing its planned aggressive acquisitions plan, both before and after the SPAC merger (noting that there is no assurance of success for either the merger or planned acquisitions);

Initiate Non-Binding Acquisition Agreements: OriginClear is working to secure non-binding agreements for WODI or the post-merger entity to acquire related businesses, contingent upon the outcome of the Business Combination Agreement (“BCA”) process.

Accelerate New Business Ventures: For its own account, OriginClear aims to accelerate the creation of new businesses, as it did with MWS in 2018 and with WOD in 2021, or through strategic acquisitions, as it did with PWT in 2015. In this new phase, the Company may also explore projects outside the water industry.

On April 2, 2024, OCLN announced a strategic partnership with entrepreneur Kevin Harrington, a co-founding board member of the Entrepreneur’s Organization, to elevate global awareness of OriginClear’s Regulation A crowdfunding campaign, which is currently in registration. www.originclear.com/company-news/its-official-investors-can-now-join-kevin-harrington-the-original-shark-on-shark-tank-to-champion-water-innovation/ www.sec.gov/Archives/edgar/data/1419793/000109690624001442/ocln_1aa.htm Kevin Harrington, through Kevin Harrington Enterprises, is compensated with fees and options to purchase stock in OriginClear, Inc. and Water On Demand, Inc.

Water On Demand

The Company is developing an outsourced water treatment business called Water On Demand (“WOD”), which is operated through its subsidiary, Water on Demand, Inc. (“WODI”). The WOD model aims to provide private businesses with water self-sustainability as a service, allowing them to pay for water treatment and purification services on a per-gallon basis. A percentage of net profits from this service is planned to be distributed to investors and stakeholders. This model, commonly referred to as Design-Build-Own-Operate or “DBOO”, is currently under evaluation through pilot opportunities. These pilots will explore outsourced water treatment as a managed service, offering an alternative to significant up-front capital investment for in-house wastewater treatment. Recently, the Company announced agreements with Enviromaintenance, a water services company, and Klir, a utility network software provider, to develop a WOD commercial pilot in the Mobile Home Park (MHP) sector.

WODI intends to delegate the servicing and maintaining of the units it builds, to established service organizations under long-term contracts. On April 6, 2022, WODI reached an agreement in principle with its first intended contractor, Envirogen Technologies (www.envirogen.com), a 30-year international provider of environmental technology and process solutions (www.originclear.com/company-news/originclear-and-envirogen-to-partner-on-water-on-demand). A second partnership was initiated with service provider, Enviromaintenance (see below). While future resources for maintaining and servicing these systems may come from acquisitions, no such acquisitions are actively being planned at this time.

WODI believes the delegation of service and maintenance to long-term partners strategy could enable rapid scaling of the WOD program, while also creating a significant barrier to entry for potential competitors. WODI may also license its designs to local water equipment companies, reserving for itself what it believes is the highly-scalable (and profitable) fintech role. The Company is currently in active negotiations with two potential showcase sites for a DBOO installation.

At the time of this filing, the WOD division of WODI has no dedicated staff or independent resources. WODI’s other divisions, PWT and MWS, employ a total of 32 people. The Board of Directors of OriginClear serves as the Board for WODI, with OriginClear’s CEO and CFO also serving in those roles for WODI. Under a planned management services arrangement, OCLN plans to provide WODI with staffing and administrative resources, in exchange for funding related to WODI’s prospective merger with FRLA and certain special distributions.

On February 15, 2024, the Company and Fortune Rise Acquisition Corporation (Nasdaq: FRLA), a Special Purpose Acquisition Company (SPAC), announced the filing of a registration statement on Form S-4 with the SEC which includes a preliminary proxy statement and prospectus in connection with the proposed business combination with OCLN subsidiary Water On Demand (WODI), an investor-funded service offering decentralized water management solutions and technologies to businesses and communities, potentially without the burden of upfront capital expenditures. WODI is a subsidiary of OriginClear, Inc. (OTC Other: OCLN). https://www.originclear.com/company-news/originclears-water-on-demand-and-fortune-rise-acquisition-corporation-seek-to-combine-under-form-s-4-registration-statement.

On March 26, 2024, the Company announced the signing of a Memorandum of Understanding (MOU) between MWS and Enviromaintenance of Georgetown, TX, to collaborate on the planned Water On Demand pilot program focusing on MHP in the Greater Central Texas Region. https://www.originclear.com/company-news/originclears-modular-water-systems-and-enviromaintenance-partner-for-water-on-demand-pilot-program

On April 9, 2024, the Company announced the selection of Klir, Inc. (www.klir.com) to support its planned Water On Demand pilot program, also focusing on MHP in the Greater Central Texas Region. https://www.originclear.com/company-news/modular-water-systems-and-klir-partner-for-water-on-demand-pilot-program.

Progressive Water Treatment Inc.

PWT is a Dallas-area based company specializing in the design, construction and service of a wide range of industrial water treatment applications. PWT aims to provide a comprehensive, end-to-end solution to meet growing corporate demand for outsourced water treatment services. Recently, PWT moved from its McKinney, TX headquarters to a new headquarters located at 5225 W Houston St, Sherman TX 75092. A grand opening was held on Tuesday, October 8, as announced here: https://www.originclear.com/company-news/progressive-water-treatment-inc-announces-the-grand-opening-of-its-new-and-expanded-headquarters-in-sherman-texas/.

PWT designs and manufactures a complete line of water treatment systems for municipal, industrial and pure water applications. What sets PWT apart is its ability to thoroughly understand each customer’s unique needs and then design and deliver a turnkey water treatment system that integrates multiple technologies, resulting in a complete and tailored solution.

PWT utilizes a diverse array of technologies in its turnkey systems, including chemical injection, media filtrations, membrane technology, ion exchange and SCADA (supervisory control and data acquisition) systems. In addition to system design and construction, PWT offers a broad range of services, including maintenance contracts, retrofits, and replacement assistance. PWT rents equipment under contracts of varying duration.

PWT primarily serves customers in the United States and Canada, but its reach extends globally with projects ranging from Siberia to Argentina to the Middle East.

Modular Water Systems

MWS offers a distinctive line of prefabricated water transport and treatment systems. The division is led by Daniel “Dan” Early, a Professional Engineer (“Early”). On June 25, 2018, Early granted the Company a worldwide, exclusive, non-transferable license to the technology and knowhow behind MWS (See “Intellectual Property”). A consulting agreement between the Company and Early also provided for assignment of inventions from that date. A ten-year renewal on May 20, 2020 expanded the right to include sublicensing rights and the ability to create manufacturing joint ventures. On 9 June 2023, Early signed a new, ten-year license agreement with WODI which assigned these rights to WODI and updated Early’s terms of compensation.

MWS, with PWT and other companies as fabricators and assemblers, designs, manufactures, and delivers prefabricated water transport systems, including pump and lift stations under the EveraMOD™ brand, as well as wastewater treatment plant (“WWTP”) products under the EveraSKID™ and EveraTREAT™ brands. These systems serve customers and end-users who need to treat their own wastewater, such as schools, small communities, institutional facilities, real estate developments, factories, and industrial parks.

On August 12, 2022, the Company announced the inaugural delivery and installation of its pre-engineered EveraBOX™ , which implements a low-risk Liquid Ammonium Sulfate (LAS) disinfectant system for Pennsylvania’s Beaver Falls Municipal Water Authority (BFMA). As with other MWS products, EveraBOX is manufactured using cost-effective, durable materials such as High-Density Polyethylene (HDPE) or Polypropylene (PP) materials, also known as Structural Reinforced Thermoplastic Pipe (SRTP). These materials have shown resilience against supply chain challenges affecting metal and fiberglass construction.

On January 10, 2024, OCLN Plastic Welding and Fabrication, Ltd. (PWF) of Buda, Texas, jointly announced a MOU for a strategic partnership between OriginClear’s subsidiary, WODI, and PWF. https://www.originclear.com/company-news/originclears-water-on-demand-in-strategic-partnership-with-the-intent-to-acquire-manufacturer-for-its-proprietary-modular-products.

PWF is already a key fabricator of highly durable, patent-based enclosures for MWS, the technology division of WODI that designs and develops scalable systems for self-contained water treatment and transportation. This MOU strengthens the strategic relationship, enabling MWS to build its complete water systems on-site where the enclosures are manufactured, ensuring maximum efficiency and speed.

Additionally, the parties signed a Letter of Intent (LOI) outlining a framework to negotiate a definitive agreement for WODI to acquire PWF. If completed, this acquisition would establish the first in-house manufacturing facility for WODI’s MWS division, with the expectation that it be accretive. However, the parties caution that negotiations are in an early stage and may not succeed.

On March 26, 2024, OCLN announced the signing of a MOU between MWS and Enviromaintenance of Georgetown, TX, to collaborate on the sales of standardized systems in the Greater Central Texas Region, from Waco to San Antonio. Enviromaintenance (www.enviromaintenance.com) is a leading provider of large community scale-on-site wastewater treatment and disposal systems, with a significant market presence in the MHP industry in the greater Austin area. The company plans to recommend MWS’s fully integrated, modular wastewater treatment systems to MHPs and other commercial water users, offering owners an affordable, reliable and efficient way to treat their wastewater. https://www.originclear.com/company-news/originclears-modular-water-systems-and-enviromaintenance-partner-for-water-on-demand-pilot-program.

On October 15, 2024, the Company announced that MWS delivered its highly durable EveraMOD™ pump station package to a large-scale wastewater upgrade project in Big Beaver Borough, Pennsylvania. https://www.originclear.com/company-news/revolutionary-pump-station-solution-solves-long-term-wastewater-infrastructure-challenge/

Patents and Intellectual Property

On June 25, 2018, Dan Early granted the Company a worldwide, exclusive, non-transferable license to intellectual property, which includes five issued U.S. patents, as well as design software, CAD files, marketing materials, and design and specification documents (collectively referred to as “Early IP”).

On May 20, 2020, the license was renewed for an additional ten years, with the possibility of three-year extensions. The renewal also granted the Company the rights to sublicense the Early IP, and, with approval, to establish ISO-compliant manufacturing joint ventures.

As part of the sale of MWS assets to WODI on April 14, 2023, the license to the Early IP was included. On 9 June 2023, Early signed a new, ten-year license agreement with WODI which assigned these rights to WODI and updated Early’s terms of compensation.

The Early IP consists of combined protection on the materials and configurations of complete packaged water treatment systems, built into containers. The patents consist of the following:

#	Description	Patent No.	Date Patent Issued	Expiration Date
1	Wastewater System & Method	US 8,372,274 B2 Applications: WIPO, Mexico	02/12/13	07/16/31
2	Steel Reinforced HDPE Rainwater Harvesting	US 8,561,633 B2	10/22/13	05/16/32
3	Wastewater Treatment System CIP	US 8,871,089 B2	10/28/14	05/07/32
4	Scum Removal System for Liquids	US 9,205,353 B2	12/08/15	02/19/34
5	Portable, Steel Reinforced HDPE Pump Station CIP	US 9,217,244 B2	12/22/15	10/20/31

On May 10, 2021, OCLN announced the filing of a patent application titled “System And Method For Water Treatment Incentive”, which utilizes blockchain technology and non-fungible tokens (NFT) to streamline the distribution of payments for outsourced water treatment and purification services, billed on a pay-per-gallon basis ahead of inflation.

As demand grows for localized, point-of-use or point-of-discharge water treatment solutions, the MWS licensed IP family has become the foundation for a portable, integrated, transportable, plug-and-play system. Unlike other packaged solutions, these systems can be manufactured in series, having a longer lifespan and are more environmentally friendly.

The common feature of this IP family is the use of Structural Reinforced ThermoPlastic, for the containers, that offers several advantages:

	●	Durability: An estimated life cycle of 75 to 100-year life years, compared to a few decades for metal and r 40 to 50 years for concrete.

	●	Ease of Manufacture: The manufacturing process for these vessels can be automated.

	●	Reliability: The materials are recyclable and can be made out of biomaterials.

Patent No. 8,372,274 specifically relates to the use of vessels or containers made from this material, combined with a configuration of functional modules or processes for general water treatment.

Although Patent Nos. 8,561,633 and 8,871,089 have expired, the Company believes they may be reinstated. Patent No. 8,561,633 is a stormwater filtration patent not directly related to the MWS business model, while Patent No. 8,871,089 is a Continuation-in-Part (CIP) of the original Patent No. 8,372,274. The original patent, along with Patent No. 9,217,244, forms the basis of the current MWS business, so the status of the CIP is not considered material.

Subsequent patents, which build upon the original claims, focus on more targeted applications. These patents describe specific combinations of modules engineered within the vessel to address specific water treatment challenges.

With the spinoff of WODI and its operating divisions, the Company no longer holds patents directly but retains access to the licensed patents through WODI. The licensed intellectual property includes five issued US patents, and design software, CAD files, marketing materials, and design and specification documents. In addition, a consulting agreement with Early provides for assignment of inventions made since 2018.

On May 10, 2021, the Company announced the filing of the “System And Method For Water Treatment Incentive” patent application, which uses blockchain technology and non-fungible tokens (NFT) to facilitate the distribution of payments for outsourced water treatment and purification services billed on a pay-per-gallon basis ahead of inflation. The application is currently provisional.

The ORIGINCLEAR trademark application was registered as U.S. Trademark Registration 7,296,730, issued on February 6, 2024. Additionally, the ORIGINCLEAR logo trademark application was registered as U.S. Trademark Registration 7,296,731, issued on February 6, 2024.

Other trademarks in process of registration include:

OriginClear Inc. filings

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$H20

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WATERPRNEUR

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CLEARAQUA

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THE WATER COIN FOR THE WORLD

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WATER – THE BLUE GOLD

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THE CLEAN WATER INNOVATION HUB

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ARMY OF US

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WATER ON THE ROCKS

Water on Demand Inc. filings

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WATER LIKE AN OIL WELL

The Company relies on, and expects to continue relying on, a combination of confidentiality agreements with employees, consultants, and third parties, as well as trademark, copyright, patent, trade secret, and domain name protection laws, to protect its proprietary rights.

New Role of the Company

In its role as the CWIB, the Company aims to create, incubate, and accelerate businesses in the water industry, and potentially expand into other sectors.

Following the successful spinoff of its three major properties into a company that achieved a $32 million valuation in the BCA on October 24, 2023, the Company now intends to replicate similar successes with other ventures. In these new ventures, the Company may take an equity position, in addition to charging management fees.

The Company’s primary strength lies in its ability to help capitalize these businesses through retail corporate development activities, guide them to achieve commercial proof of concept and scalability, and to assist with mergers and acquisitions.

However, the Company cautions that identifying suitable candidates for this new role may be challenging. Even if such candidates are identified, there is no guarantee they will become partners or achieve commercial success. For the foreseeable future, The Company remains focused on financing, developing, and supporting of its subsidiary, WODI.

Critical Accounting Policies

The Securities and Exchange Commission (“SEC”) defines “critical accounting policies” as those that require application of management’s most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain and may change in subsequent periods. Not all of the accounting policies require management to make difficult, subjective or complex judgments or estimates. However, the following policies could be deemed to be critical within the SEC definition.

Revenue Recognition

We recognize revenue when services are performed, and at the time of shipment of products, provided that evidence of an arrangement exists, title and risk of loss have passed to the customer, fees are fixed or determinable, and collection of the related receivable is reasonably assured.

Revenues and related costs on construction contracts are recognized as the performance obligations for work are satisfied over time in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers. Under ASC 606, revenue and associated profit will be recognized as the customer obtains control of the goods and services promised in the contract (i.e., performance obligations). All un-allocable indirect costs and corporate general and administrative costs are charged to the periods as incurred. However, in the event a loss on a contract is foreseen, the Company will recognize the loss as it is determined. Revisions in cost and profit estimates during the course of the contract are reflected in the accounting period in which the facts for the revisions become known. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Changes in job performance, job conditions, and estimated profitability, including those arising from contract penalty provisions, and final contract settlements, may result in revisions to costs and income, which are recognized in the period the revisions are determined.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include estimates used to review the Company’s goodwill, impairments and estimations of long-lived assets, revenue recognition on percentage of completion type contracts, allowances for uncollectible accounts, inventory valuation, valuations of non-cash capital stock issuances and the valuation allowance on deferred tax assets. The Company bases its estimates on historical experience and on various other assumptions that the Company believes to be reasonable in the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

Fair Value of Financial Instruments

Fair value of financial instruments requires disclosure of the fair value information, whether or not recognized in the balance sheet, where it is practicable to estimate that value. As of December 31, 2023, the amounts reported for cash, prepaid expenses, accounts payable and accrued expenses approximate the fair value because of their short maturities.

Results of Operations for the three months ended September 30, 2024 compared to the three months ended September 30, 2023.

Revenue and Cost of Sales

Revenue for the three months ended September 30, 2024, and 2023 was $0 and $6,573, respectively. Cost of sales for the three months ended September 30, 2024, and 2023, was $6,439 and $6,582, respectively, resulting in a gross loss of $(6,439) in 2024 compared to $(9) in 2023.

Selling and Marketing Expenses

For the three months ended September 30, 2024, we incurred selling and marketing expenses of $731,792, compared to $470,231 for the three months ended September 30, 2023. The increase of $261,561 in selling and marketing expenses was primarily due to a expanded marketing activities during 2024.

General and Administrative Expenses

For the three months ended September 30, 2024, we incurred general and administrative expenses of $530,651 compared to $477,619 for the three months ended September 30, 2023. The increase of $53,032 was mainly driven by higher costs associated with outside services.

Other Income and (Expenses)

Other income and (expenses) was $1,092,372 for the three months ended September 30, 2024, compared to $(821,147) for the same period in 2023, representing an improvement of $1,913,519. This increase was primarily driven by a gain of $756,395 from changes in fair value of derivative liabilities and the conversion of debt, along with a $443,880 gain on stock conversion, offset by a minor unrealized loss on investment securities of $4,521.

Net Income/(Loss)

Our net income (loss) improved by $528,473 to $(2,774,476) for the three months ended September 30, 2024, compared to net loss of $(3,302,949) for the three months ended September 30, 2023. This improvement in net income is primarily attributable to gains in other income, including a $756,395 gain from the net change in the fair value of derivative liabilities and conversion of debt, and a $443,880 gain on stock conversion.

The estimates for the fair value of derivative instruments are based on multiple inputs, including the market price of our stock, interest rates, stock price volatility, variable conversion prices defined in the respective agreements, and the probabilities of certain outcomes based on managements’ estimates. These inputs are subject to significant changes from period to period, therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.

Results of Operations for the nine months ended September 30, 2024 compared to the nine months ended September 30, 2023.

Revenue and Cost of Sales

For the nine months ended September 30, 2024, we generated revenue of $6,573 compared to $19,719 for same period in 2023. The cost of sales for the nine months ended September 30, 2024, was $19,573 compared to $19,735 for the nine months ended September 30, 2023.

Our gross loss was $13,000 and $16 for the nine months ended September 30, 2024, and 2023, respectively.

Selling and Marketing Expenses

For the nine months ended September 30, 2023, we incurred selling and marketing expenses of $1,864,350, compared to $1,872,486 for the same period in 2023. The $8,136 decrease in selling and marketing expenses was primarily due to a decrease in marketing expenses.

General and Administrative Expenses

General and administrative expenses were $2,154,524 for the nine months ended September 30, 2024, compared to $2,263,216 for the same period in 2023. The decrease of $108,692 in general and administrative expenses was primarily due to professional and legal fees including non-cash, shares for services expense and outside services.

Other Income and (Expenses)

Other income and (expenses) increased by $13,073,396 resulting in a total of ($4,567,880) for the nine months ended September 30, 2024, compared to $8,505,516 for the same period in 2023. The increase was primarily due to a $7,403,246 decline in the net change of derivative liability and conversion of debt. Additionally, there was a decrease of $5,389,415 in gains on conversion of stock. These were partially offset by a $30,646 gain on the write-off of loans payable.

Net Income/(Loss)

Our net loss increased by $6,985,421 for the nine months ended September 30, 2024, compared to net loss of $(8,077,985) for the same period in 2023. The change in net loss was primarily due to a decrease in the gain on the net change in derivative liability and conversion of debt, which increased by $7,403,246. Additionally, there was a decrease in interest and dividend expense by $214,744, along with a gain on the write-off of loans payable $30,646 and a gain of $1,699,058 from the conversion of stock, both of which positively impacted other income (expense) for the nine months ended September 30, 2024.

 These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price, volatility, variable conversion prices based on market prices defined in the respective agreements and probabilities of certain outcomes based on managements’ estimates. These inputs are subject to significant changes from period to period, therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.

Liquidity and Capital Resources

Liquidity is the ability of a company to generate funds to support its current and future operations, satisfy its obligations, and otherwise operate on an ongoing basis. Significant factors in the management of liquidity are funds generated by operations, levels of accounts receivable and accounts payable and capital expenditure.

The condensed consolidated financial statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and liabilities and commitments in the normal course of business. The accompanying condensed consolidated financial statements do not reflect any adjustments that might result if the Company is unable to continue as a going concern. The Company has not generated significant revenue, and has negative cash flows from operations, which raises substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern and appropriateness of using the going concern basis is dependent upon, among other things, raising additional capital and increasing sales. We obtained funds from investors during the nine months ending September 30, 2024. No assurance can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, it may contain restrictions on our operations, in the case of debt financing, or cause substantial dilution for our stockholders, in the case of equity financing.

In connection with our prior sale of Series M Preferred Stock conducted under Regulation A under the Securities Act, we may be subject to claims for rescission. If this occurs, it may have a negative effect on our liquidity.

As of September 30, 2024, and December 31, 2023, we had cash and cash equivalents of $44,182 and $114,640, respectively. The working capital deficit was $44,003,800 on September 30, 2024, compared to $32,249,892 on December 31, 2023. The increase in the working capital deficit was due primarily to an increase in non-cash derivative liabilities, current liabilities held-for-sale, and accrued expenses, partially offset with a decrease in convertible promissory notes.

During the period ended September 30, 2024, we raised an aggregate of $995,100 from the sale of preferred stock in private placements and $2,642,701 from WODI convertible secured promissory notes and warrants. Our ability to continue as a going concern is dependent upon raising capital from financing transactions and future revenue.

Net cash used in operating activities was $(3,145,012) for the nine months ended September 30, 2024, compared to $(1,283,296) for the prior period ended September 30, 2023. The increase in net cash used in operating activities was primarily driven by a significant gain on the net change in valuation of derivative liabilities amounting to $5,837,116 in 2024 compared to $1,238,686 in 2023, contributing to reduced cash outflow. Additionally, the impairment of receivable from SPAC decreased to $1,580,508 in 2024 from $3,260,985 in 2023.

Net cash flows used in investing activities was $(1,495,008) for the nine months ended September 30, 2024, compared to $(3,006,485) for the same period in 2023. The decrease in cash used in investing activities was primarily due to a reduction in the purchase of SPAC notes payable, which decreased to $1,580,508 in 2024 from $3,260,985 in 2023. Additionally, there were payments received in long-term assets amounting to $99,000 in 2024 compared to $268,000 in 2023.

Net cash flows provided by financing activities was $4,395,719 for the nine months ended September 30, 2024, as compared to $7,222,992 for same period in 2023. The decrease in cash provided by financing activities was due to a reduction in proceeds from convertible secured promissory notes, which decreased to $2,642,701 in 2024 from $6,346,500 in 2023. Additionally, there was an increase in payments on the line of credit and loans, along with payments on cumulative preferred stock dividends and distributions.

Proceeds from the issues of warrants in 2024 amounted to $701,230, which were not present in 2023. Net proceeds from the issuance of preferred stock for cash increased to $995,100 in 2024 from $516,300 in 2023. To date, we have principally financed our operations through the sale of our common and preferred stock and the issuance of debt.

We do not have any material commitments for capital expenditures during the next twelve months. While the proceeds from the issuance of securities, combined with revenue from operations, are currently sufficient to fund our operating expenses in the near term, we anticipate the need to raise additional funds to sustain and expand our operations in the future. Therefore, our ability to continue operations is contingent upon securing additional financing, which may not be available on acceptable terms, or at all.

Potential financing transactions may include the issuance of equity or debt securities, obtaining credit facilities, or other financing mechanisms. It’s important to note that if we do issue additional equity or debt securities, our stockholders may experience additional dilution or the new equity securities may have rights, preferences or privileges senior to those of existing holders of our common stock.

The inability to secure additional capital could significantly limit our ability to grow and might reduce our capacity to continue business operations. In the event we are unable to obtain necessary financing, we may be forced to curtail our marketing and development plans and possibly cease our operations.

We have estimated our current average burn and believe that we have assets to ensure that we can function without liquidation for a limited time, due to our cash on hand, growing revenue, and our ability to raise money from our investor base. Based on the aforesaid, we believe we have the ability to continue our operations for the immediate future and will be able to realize assets and discharge liabilities in the normal course of operations. However, there cannot be any assurance that any of the aforementioned assumptions will come to fruition and as such we may only be able to function for a short time.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that are reasonably likely to have a current or future effect on our financial condition, revenues, and results of operations, liquidity or capital expenditures.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this item.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

We carried out an evaluation, under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, of the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)). Based upon that evaluation, our principal executive officer and principal financial officer concluded that, as of the end of the period covered in this report, our disclosure controls and procedures were effective to ensure that information required to be disclosed in reports filed under the Exchange Act, is recorded, processed, summarized and reported within the required time periods specified in the SEC’s rules and forms and is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting

There were no changes in the Company’s internal control over financial reporting (as defined in Rule 13a-15f of the Exchange Act) that occurred during the fiscal quarter ended September 30, 2024 that has materially affected, or are reasonably likely to materially affect, the our internal control over financial reporting.

Limitations on Internal Controls

In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints, and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs.

PART II

Item 1. Legal Proceedings.

There are no material updates to the litigation matters with Process Solutions, Inc. as previously disclosed in the Form 10-K filed on April 18, 2024.

Item 1A. Risk Factors.

Not required for a smaller reporting company.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item 3. Defaults Upon Senior Securities.

As of the date of the filing of this report, the Company has 50 shares of Series F preferred stock outstanding which the Company failed to redeem on September 1, 2020, for an aggregate redemption price (equal to the stated value) of $50,000.

As of the date of the filing of this report, the Company has 25 shares of Series G preferred stock outstanding which the Company was required to, and failed to redeem on April 30, 2021, for an aggregate redemption price (equal to the stated value) of $25,000.

As of the date of the filing of this report, the Company has 25 shares of Series I preferred stock outstanding which the Company was required to, and failed to redeem between May 2, 2021 and June 10, 2021, for an aggregate redemption price (equal to the stated value) of $25,000.

As of the date of the filing of this report, the Company has 297 shares of Series K preferred stock outstanding which the Company was required to, and failed to redeem between August 5, 2021 and March 26, 2022, for an aggregate redemption price (equal to the stated value) of $297,150.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information.

None.

Item 6. Exhibits.

Exhibit Number		Description of Exhibit
31.1		Certification by Chief Executive Officer, required by Rule 13a-14(a) or Rule 15d-14(a) of the Exchange Act.*
31.2		Certification by Chief Financial Officer, required by Rule 13a-14(a) or Rule 15d-14(a) of the Exchange Act.*
32.1		Certification of Chief Executive Officer pursuant to 18 U.S.C. §1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
32.2		Certification of Chief Financial Officer pursuant to 18 U.S.C. §1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
101.INS		Inline XBRL Instance Document.*
101.SCH		Inline XBRL Taxonomy Extension Schema.*
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase.*
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase.*
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase.*
101.PRE		Inline XBRL Extension Presentation Linkbase.*
104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).*

Filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

November 19, 2024	ORIGINCLEAR, INC.

	/s/ T. Riggs Eckelberry
	T. Riggs Eckelberry
	Chief Executive Officer
	(Principal Executive Officer) and

	/s/ Prasad Tare
	Prasad Tare
	Chief Financial Officer
	(Principal Financial and Accounting Officer)

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Exhibit 31.1

CERTIFICATION

I, T. Riggs Eckelberry, certify that:

1. I have reviewed this quarterly report on Form 10-Q of OriginClear, Inc., for the quarter ended September 30, 2024;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant is made known to us by others, particularly during the period in which this report is being prepared;

(b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

(a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

November 19, 2024	/s/ T. Riggs Eckelberry
	T. Riggs Eckelberry
	Chief Executive Officer (Principal Executive Officer)

Exhibit 31.2

CERTIFICATION

I, Prasad Tare, certify that:

1. I have reviewed this quarterly report on Form 10-Q of OriginClear, Inc., for the quarter ended September 30, 2024;

(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

November 19, 2024	/s/ Prasad Tare
	Prasad Tare
	Chief Financial Officer (Principal Financial Officer)

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of OriginClear, Inc. (the “Company”) on Form 10-Q for the quarter ended September 30, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, T. Riggs Eckelberry, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities and Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

November 19, 2024	By:	/s/ T. Riggs Eckelberry
		T. Riggs Eckelberry
		Chief Executive Officer (Principal Executive Officer)

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of OriginClear, Inc. (the “Company”) on Form 10-Q for the quarter ended September 30, 2024, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), Prasad Tare, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities and Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

November 19, 2024	By:	/s/ Prasad Tare
		Prasad Tare
		Chief Financial Officer (Principal Financial Officer)

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2024	Nov. 13, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Information [Line Items]
Entity Registrant Name	ORIGINCLEAR, INC.
Entity Central Index Key	0001419793
Entity File Number	333-147980
Entity Tax Identification Number	26-0287664
Entity Incorporation, State or Country Code	NV
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	13575 58th Street North
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Clearwater
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33760
Entity Phone Fax Numbers [Line Items]
City Area Code	(727)
Local Phone Number	440-4603
Entity Listings [Line Items]
Title of 12(b) Security	N/A
No Trading Symbol Flag	true
Entity Common Stock, Shares Outstanding		1,634,014,574

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 44,182	$ 114,640
Current assets held-for-sale	2,710,573	2,338,798
Fair value investment in securities	31,646	36,166
Prepaid expenses	10,159
TOTAL CURRENT ASSETS	2,796,560	2,489,604
Net property and equipment	123,792	143,366
Net property and equipment held-for-sale	1,324	3,370
NET PROPERTY AND EQUIPMENT	125,116	146,736
OTHER ASSETS
Receivable on sale of asset		99,000
Non-current assets held for sale	419,051	400,000
Fair value investment-securities	3,200	3,200
Trademark	4,467	4,467
TOTAL OTHER ASSETS	426,718	506,667
TOTAL ASSETS	3,348,394	3,143,007
CURRENT LIABILITIES:
Accounts payable and other payable	505,924	647,483
Accrued expenses	2,154,862	1,774,513
Cumulative preferred stock dividends payable	606,848	523,403
Customer deposit	2,950	2,950
Secured loans payable		30,646
Loans payable, current	145,216	147,217
Related party loan	298,000
Derivative liabilities	13,579,875	7,742,759
Convertible promissory notes, net of discount of $0 and $0, respectively	597,944	2,472,944
Current liabilities held-for-sale	28,511,591	20,980,431
TOTAL CURRENT LIABILTIES	46,800,360	34,739,496
Long Term Liabilities
Convertible promissory notes, net of discount of $0 and $0, respectively	2,019,747	144,747
Non-current liabilities held-for-sale	480,038
TOTAL LONG TERM LIABILITIES	2,499,785	144,747
TOTAL LIABILITIES	49,300,145	34,884,243
COMMITMENTS AND CONTINGENCIES (Note 13)
Convertible preferred stock	7,620,822	7,522,722
SHAREHOLDERS’ DEFICIT
Preferred stock, $0.0001 par value, 600,000,000 shares authorized 31,500,000 and 31,5000,000 shares of Series D-1 issued and outstanding, respectively	3,150	3,150
Common stock, $0.0001 par value, 19,000,000,000 and 16,000,000,0000 shares authorized 1,609,888,305 and 1,399,782,046 equity shares issued and outstanding, respectively	160,990	139,978
Subscription payable for purchase of equipment	100,000	100,000
Additional paid in capital - Common stock	82,683,056	81,949,274
Noncontrolling interest	(2,776,963)	(2,239,493)
Accumulated other comprehensive loss	(132)	(132)
Accumulated deficit	(133,742,674)	(119,216,735)
TOTAL SHAREHOLDERS’ DEFICIT	(53,572,573)	(39,263,958)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT	3,348,394	3,143,007
Series F Preferred Stock
CURRENT LIABILITIES:
Series Preferred Stock	50,000	60,000
Series G Preferred Stock
CURRENT LIABILITIES:
Series Preferred Stock	25,000	25,000
Series I 8% Preferred Stock
CURRENT LIABILITIES:
Series Preferred Stock	25,000	25,000
Series K 8% Preferred Stock
CURRENT LIABILITIES:
Series Preferred Stock	297,150	307,150
Series J Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock	210,000	210,000
Series L Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock	320,495	320,495
Series M Preferred Stock
Long Term Liabilities
Convertible preferred stock	1,007,500	1,007,500
Series O 8% Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock	185,000	190,000
Series P Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock	30,000	30,000
Series Q 12% Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock	410,000	420,000
Series R 12% Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock	1,473,000	1,608,000
Series S 12% Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock	110,000	120,000
Series U Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock	270,000	270,000
Series W 12% Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock	696,500	886,500
Series Y Convertible Preferred Stock
Long Term Liabilities
Convertible preferred stock	$ 2,908,327	$ 2,460,227

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Preferred stock, shares authorized	600,000,000	600,000,000
Preferred stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	190,000,000,000	160,000,000,000
Common stock, shares issued	1,609,888,305	1,399,782,046
Common stock, shares outstanding	1,609,888,305	1,399,782,046
Series F Preferred Stock
Preferred stock, shares issued	50	60
Preferred stock, shares outstanding	50	60
Series G Preferred Stock
Preferred stock, shares issued	25	25
Preferred stock, shares outstanding	25	25
Series I 8% Preferred Stock
Preferred stock, shares issued	25	25
Preferred stock, shares outstanding	25	25
Series K 8% Preferred Stock
Preferred stock, shares issued	297.15	407.15
Preferred stock, shares outstanding	297.15	407.15
Series J Convertible Preferred Stock
Convertible preferred stock, shares issued	210	210
Convertible preferred stock, shares outstanding	210	210
Series L Convertible Preferred Stock
Convertible preferred stock, shares issued	320,495	320,495
Convertible preferred stock, shares outstanding	320,495	320,495
Series M Preferred Stock
Convertible preferred stock, shares issued	40,300	40,300
Convertible preferred stock, shares outstanding	40,300	40,300
Series O 8% Convertible Preferred Stock
Convertible preferred stock, shares issued	185	190
Convertible preferred stock, shares outstanding	185	190
Series P Convertible Preferred Stock
Convertible preferred stock, shares issued	30	30
Convertible preferred stock, shares outstanding	30	30
Series Q 12% Convertible Preferred Stock
Convertible preferred stock, shares issued	410	420
Convertible preferred stock, shares outstanding	410	420
Series R 12% Convertible Preferred Stock
Convertible preferred stock, shares issued	1,473	1,608
Convertible preferred stock, shares outstanding	1,473	1,608
Series S 12% Convertible Preferred Stock
Convertible preferred stock, shares issued	110	120
Convertible preferred stock, shares outstanding	110	120
Series U Convertible Preferred Stock
Convertible preferred stock, shares issued	270	270
Convertible preferred stock, shares outstanding	270	270
Series W 12% Convertible Preferred Stock
Convertible preferred stock, shares issued	696.5	886.5
Convertible preferred stock, shares outstanding	696.5	886.5
Series Y Convertible Preferred Stock
Convertible preferred stock, shares issued	25.9	24.6
Convertible preferred stock, shares outstanding	25.9	24.6
Series D Preferred Stock
Preferred stock, shares issued	31,500,000	315,000,000
Preferred stock, shares outstanding	31,500,000	315,000,000
Current Liabilities
Convertible promissory notes, net of discount (in Dollars per share)	$ 0	$ 0
Long Term Liabilities
Convertible promissory notes, net of discount (in Dollars per share)	$ 0	$ 0

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenue		$ 6,573	$ 6,573	$ 19,719
Cost of goods sold	6,439	6,582	19,573	19,735
Gross (loss) profit	(6,439)	(9)	(13,000)	(16)
Operating expenses
Selling and marketing expenses	731,792	470,231	1,864,350	1,872,486
General and administrative expenses	530,651	477,619	2,154,524	2,263,216
Total Operating expenses	1,262,443	947,850	4,018,874	4,135,702
Loss from Operations	(1,268,882)	(947,859)	(4,031,874)	(4,135,718)
OTHER INCOME (EXPENSE)
Other income (expense)	(24,834)	25,844	(24,834)	(2,428)
Impairment of receivable from SPAC				(50,000)
Gain on write off of loans payable		545,507	30,646	545,507
Unrealized loss on investment securities	(4,521)	8,242	(4,521)	3,721
(Loss) gain on conversion of stock	443,880	1,684,645	1,699,058	7,088,473
Gain (loss) on net change in derivative liability and conversion of debt	756,395	(1,259,749)	(5,837,116)	1,566,130
Interest and dividend expense	(78,548)	(183,342)	(431,113)	(645,887)
TOTAL OTHER INCOME (EXPENSE)	1,092,372	821,147	(4,567,880)	8,505,516
Net income (loss) from continued operations	(176,511)	(126,714)	(8,599,754)	4,369,798
Net loss from assets held-for-sale	(2,597,966)	(3,176,235)	(6,463,652)	(12,447,783)
Net income (loss)	$ (2,774,476)	$ (3,302,949)	$ (15,063,406)	$ (8,077,985)
Basic earnings (loss) per share from continuing operations (in Dollars per share)	$ 0	$ 0	$ (0.01)	$ 0
Diluted earnings (loss) per share from continuing operations (in Dollars per share)	0	0	(0.01)	0
Basic (loss) earnings per share from assets held-for-sale (in Dollars per share)	0	0	0	(0.01)
Diluted (loss) earnings per share from assets held-for-sale (in Dollars per share)	0	0	0	(0.01)
BASIC (in Dollars per share)	0	0	(0.01)	(0.01)
DILUTED (in Dollars per share)	$ 0	$ 0	$ (0.01)	$ (0.01)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING, BASIC (in Shares)	1,595,330,041	1,301,350,186	1,532,793,354	1,262,285,766
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING, DILUTED (in Shares)	1,595,330,041	1,301,350,186	1,532,793,354	1,262,285,766

Condensed Consolidated Statements of Shareholders’ Deficit (Unaudited) - USD ($)	Preferred stock	Mezzanine Equity Series O Preferred stock	Mezzanine Equity Series Q Preferred stock	Mezzanine Equity Series R Preferred stock	Mezzanine Equity Series S Preferred stock	Mezzanine Equity Series U Preferred stock	Mezzanine Equity Series W Preferred stock	Mezzanine Equity Series Y Preferred stock	Mezzanine Equity Series Z Preferred stock	Mezzanine Equity	Common Stock Series O Preferred stock	Common Stock Series Q Preferred stock	Common Stock Series R Preferred stock	Common Stock Series S Preferred stock	Common Stock Series U Preferred stock	Common Stock Series W Preferred stock	Common Stock Series Y Preferred stock	Common Stock Series Z Preferred stock	Common Stock	Additional Paid-in-Capital Series O Preferred stock	Additional Paid-in-Capital Series Q Preferred stock	Additional Paid-in-Capital Series R Preferred stock	Additional Paid-in-Capital Series S Preferred stock	Additional Paid-in-Capital Series U Preferred stock	Additional Paid-in-Capital Series W Preferred stock	Additional Paid-in-Capital Series Y Preferred stock	Additional Paid-in-Capital Series Z Preferred stock	Additional Paid-in-Capital	Subscription Payable	Other Comprehensive Loss	Accumulated Deficit	Noncontrolling Interest	Series O Preferred stock	Series Q Preferred stock	Series R Preferred stock	Series S Preferred stock	Series U Preferred stock	Series W Preferred stock	Series Y Preferred stock	Series Z Preferred stock	Total
Balance at Dec. 31, 2022	$ 3,150									$ 10,866,772									$ 101,337									$ 82,745,503	$ 100,000	$ (132)	$ (108,966,645)										$ (26,016,787)
Balance (in Shares) at Dec. 31, 2022	32,502,475																		1,013,369,185
Common stock issued for cash per equity financing agreement																			$ 2,050									139,323													141,373
Common stock issued for cash per equity financing agreement (in Shares)																			20,492,456														677,526
Common stock issued for conversion of Series		$ (40,000)	$ (195,000)	$ (920,000)	$ (50,000)	$ (115,000)	$ (8,000)	$ (1,810,000)	$ (250,000)		$ 772	$ 5,034	$ 19,925	$ 886	$ 1,905	$ 232	$ 33,192	$ 6,173	$ 5,579	$ 39,228	$ 189,966	$ 900,075	$ 49,114	$ 113,095	$ 7,768	$ 1,776,808	$ 243,827	161,786					$ 40,000	$ 195,000	$ 920,000	$ 50,000	$ 115,000	$ 8,000	$ 1,810,000	$ 250,000	$ 167,365
Common stock issued for conversion of Series (in Shares)											7,722,008	50,340,392	199,249,857	8,864,250	19,051,616	2,318,842	331,921,683	61,728,395	55,788,402																						681,197,043
Common stock issued at fair value for services																			$ 6,287									597,291													$ 603,578
Common stock issued at fair value for services (in Shares)																			62,872,237																						62,872,237
Common stock issued for Series O Preferred stock dividends																			$ 68									(68)
Common stock issued for Series O Preferred stock dividends (in Shares)																			677,526
Common stock issued for conversion settlement																			$ 26,940									(26,940)
Common stock issued for conversion settlement (in Shares)																			269,393,920
Common stock issued for alternative vesting																			$ 1,158									119,382													$ 120,540
Common stock issued for alternative vesting (in Shares)																			11,584,932
Common stock issued through a Reg A to investors for cash																			$ 1									59,999													60,000
Common stock issued through a Reg A to investors for cash (in Shares)																			12,000
Issuance of Series A and B Preferred stock granted to Series Y investors at fair value	$ 54																											576,563													576,617
Issuance of Series A and B Preferred stock granted to Series Y investors at fair value (in Shares)	545,191
Cancellation of RegA common and Series A and B Preferred shares	$ (54)																											(113)													(167)
Cancellation of RegA common and Series A and B Preferred shares (in Shares)	(1,546,666)																		(12,000)
Exchange of Series K Preferred Stock for Series W Preferred stock										100,000
Issuances of Series Y Preferred stock through private placement										526,300
Exchange of Series R Preferred Stock for WODI secured convertible note										(100,000)
Exchange of Series X Preferred Stock for WODI secured convertible note										(250,000)
Return of investment for Series Y Preferred stock										(10,000)									$ (1)									1
Shares redeemed/cancelled for Note Purchase Agreement																			$ (81,070)									(7,007,403)													(7,088,473)
Shares redeemed/cancelled for Note Purchase Agreement (in Shares)																			(810,707,922)
Issuance of 1000:1 split of common stock through a merger with subsidiary																			$ 1,000									(1,000)
Issuance of 1000:1 split of common stock through a merger with subsidiary (in Shares)																			10,000,000
Issuance of common stock to investors after merger																			$ 340									(340)
Issuance of common stock to investors after merger (in Shares)																			3,399,217
Net Loss																															(8,077,985)										(8,077,985)
Balance at Sep. 30, 2023	$ 3,150									7,745,072									$ 131,808									80,683,865	100,000	(132)	(117,044,630)										(36,125,939)
Balance (in Shares) at Sep. 30, 2023	31,501,000																		1,318,066,996
Balance at Dec. 31, 2023	$ 3,150									7,522,722									$ 139,978									81,949,274	100,000	(132)	(119,216,735)	$ (2,239,493)									(39,263,958)
Balance (in Shares) at Dec. 31, 2023	31,501,000																		1,399,782,046
Common stock issued for cash per equity financing agreement (in Shares)																			20,937,829														693,766
Common stock issued for conversion of Series		$ (5,000)	$ (20,000)	$ (135,000)	$ (10,000)		$ (200,000)	$ (547,000)			$ 97	$ 458	$ 3,050	$ 227		$ 4,172	$ 10,805			$ 4,903	$ 19,542	$ 131,950	$ 9,773		$ 195,828	536,195							$ 5,000	$ 20,000	$ 135,000	$ 10,000		$ 200,000	547,000
Common stock issued for conversion of Series (in Shares)											965,252	4,576,458	30,496,772	2,272,728		41,715,134	108,049,219
Common stock issued at fair value for services																	$ 7,022									$ 585,397													$ 592,419
Common stock issued at fair value for services (in Shares)																	70,218,771
Common stock issued for Series O Preferred stock dividends																			$ 69									(69)
Common stock issued for Series O Preferred stock dividends (in Shares)																			693,766
Common stock issued for conversion settlement																			$ 12,221									(12,221)
Common stock issued for conversion settlement (in Shares)																			122,213,744
Common stock issued for alternative vesting																			$ 2,094									167,503													169,597
Common stock issued for alternative vesting (in Shares)																			20,937,829
Common stock issued through a Reg A to investors for cash																			$ 508									48,267													48,775
Common stock issued through a Reg A to investors for cash (in Shares)																			5,080,000
Exchange of Series K Preferred Stock for Series W Preferred stock										10,000
Issuance of warrants																												701,230													701,230
Issuances of Series Y Preferred stock through private placement										995,100
Exchange of Series F Preferred stock for Series Q preferred stock										10,000
Rounding																												1			2	(1)									(2)
Shares redeemed/cancelled for Note Purchase Agreement																			$ (19,711)									(1,654,517)													(1,674,228)
Shares redeemed/cancelled for Note Purchase Agreement (in Shares)																			(197,113,414)
Net Loss																															(14,525,937)	(537,469)									(15,063,406)
Balance at Sep. 30, 2024	$ 3,150									$ 7,620,822									$ 160,990									$ 82,683,056	$ 100,000	$ (132)	$ (133,742,674)	$ (2,776,963)									$ (53,572,573)
Balance (in Shares) at Sep. 30, 2024	31,501,000																		1,609,888,305

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss from continuing operations	$ (8,599,754)	$ 4,369,798
Net loss from assets held-for sale	(6,463,652)	(12,447,783)
Adjustment to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	21,619	23,011
Common and preferred stock issued for services	592,419	603,578
Loss (gain) on net change in valuation of derivative liability	5,837,116	1,238,686
Stock based compensation expense	169,597	696,960
Debt discount recognized as interest expense	149,822
Net unrealized loss on fair value of securities	4,521	3,721
Impairment of receivable from SPAC	1,580,508	3,260,985
Conversion and settlement value loss on WODI	1,679,349	7,728,089
Gain on redemption of common stock	(1,674,228)	(7,088,473)
Gain on write off of payable	(30,646)	(218,064)
Change in Assets (Increase) Decrease in:
Contracts receivable	497,795	1,000,618
Contract asset	(375,092)	571,164
Right of use asset	(32,531)
Prepaid expenses and other assets	(82,247)	14,825
Other assets	(19,051)
Change in Liabilities Increase (Decrease) in:
Accounts payable	472,001	(2,169,342)
Accrued expenses	2,125,350	792,264
Contract liabilities	1,002,092	338,637
Tax liability 83(b)		(2,000)
Trust escrow
Net cash used in operating activities	(3,145,012)	(1,283,296)
CASH FLOWS USED IN INVESTING ACTIVITIES:
Purchase of SPAC notes payable	(1,580,508)	(3,260,985)
Payments received on long term asset	99,000	268,000
Purchase of fixed assets	(13,500)	(13,500)
Net cash used in investing activities	(1,495,008)	(3,006,485)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on loan payable, SBA	(2,001)	(1,919)
Proceeds from line of credit		139,879
Payments on line of credit	(151,516)
Proceeds from loans, merchant cash advance	224,570
Payments on loans, merchant cash advance	(444,585)
Proceeds from loans, related party	298,000
Equity financing through the purchase of common shares		141,373
Net payments on cumulative preferred stock dividends	83,445	20,859
Proceeds from convertible secured promissory notes	2,642,701	6,346,500
Common stock issued for RegA cash	48,775	60,000
Proceeds from issuance of warrants	701,230
Net proceeds for issuance of preferred stock for cash - mezzanine classification	995,100	516,300
Net cash provided by financing activities	4,395,719	7,222,992
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(244,301)	2,933,211
CASH AND CASH EQUIVALENTS BEGINNING OF PERIOD	488,830	1,354,814
CASH AND CASH EQUIVALAENTS END OF PERIOD	244,529	4,288,025
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest and dividends paid	40,447	674,376
Taxes paid
SUPPLEMENTAL DISCLOSURES OF NON CASH TRANSACTIONS
Common stock issued at fair value for conversion of debt, plus accrued interest, and other fees		167,365
Issuance of Series O dividends	69	68
Preferred stock converted to common stock - mezzanine	917,000	3,388,000
Exchange of Series R Preferred Stock for WODI secured convertible note		100,000
Exchange from liability to mezzanine	20,000
Common stock issued as settlement	12,221	26,940
Exchange of Series X Preferred Stock for WODI secured convertible note		250,000
Adoption of ASC 842	$ 627,074

Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2024

Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies [Abstract]

Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies

Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies

Company Overview

●

Progressive Water Treatment (“PWT”), specializes in engineered water treatment solutions and custom treatment systems, contributing significantly to the Company’s revenue.

●

	●	Water on Demand (“WOD”), which offers private businesses a model to pay for water treatment services on a per-gallon basis through Design-Build-Own-Operate (“DBOO”) contracts.

In 2023, the Company combined these divisions under WODI, and on October 24, 2023, announced a planned merger with Fortune Rise Acquisition Corp. (“FRLA”).

Basis of presentation

All intercompany balances and transactions have been eliminated in consolidation.

Going concern

Principles of consolidation

Use of estimates

Revenue recognition

Net Loss per share

	For the Nine Months Ended
	September 30,
	2024			2023
Income (loss) to common shareholders (Numerator)- continuing operations	$	(8,599,754	)	$	4,369,798	)
Loss to common shareholders (Numerator) - related to assets held-for-sale		(6,463,652	)		(12,447,783	)
Basic and diluted weighted average number of common shares outstanding (Denominator)		1,532,793,354			1,262,285,766

Cash and cash equivalents

The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.

Contract receivables

Indefinite lived intangibles and goodwill assets

As of September 30, 2024, and 2023, the Company determined that no impairment existed.

Prepaid expenses

As of September 30, 2024, and December 31, 2023, the prepaid expenses balance was $82,247 and $0, respectively.

Property and equipment

Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, as follows:

Estimated Life
Machinery and equipment		5-10 years
Furniture, fixtures and computer equipment		3-7 years
Computer software		3 years
Vehicles		3-6 years
Leasehold improvements		2-5 years or lease term

	September 30,			December 31,
	2024			2023
Machinery and equipment	$	383,571		$	383,569
Computer equipment and software		66,491			66,493
Vehicles		64,276			64,276
Demo Units		36,139			36,139
Furniture and fixtures		29,809			29,810
Leasehold improvements		26,725			26,725
Gross property and equipment		607,011			607,012
Less accumulated depreciation		(481,895	)		(460,276	)
Net property and equipment	$	125,116		$	146,736

Depreciation expenses for the nine months ended September 30, 2024, and 2023, were $21,619 and $23,011, respectively.

Leases

Further details regarding the Company’s leases, including future lease payments, and lease liabilities, are provided in Footnote 4 - Leases.

Long term asset held for sale

As of September 30, 2024, the outstanding receivable balance related to the sale was $0.

Stock-Based Compensation

For employees, the fair value is determined at the grant date and recognized as expense over the vesting period, typically using the Black-Scholes model.

Derivatives

For stock-based derivatives, the Company uses a Binomial lattice option pricing model to value the instruments at inception and on subsequent valuation dates.

Fair value of financial instruments

ASC 820 outlines a three-tier fair value hierarchy that prioritizes the inputs used in valuations:

	●	Level 1: Observable inputs such as quoted prices in active markets for identical assets or liabilities.

	●	Level 2: Inputs other than quoted prices, including observable market data for similar assets or liabilities in active or inactive markets.

	●	Level 3: Unobservable inputs requiring the use of significant assumptions or models.

As of September 30, 2024, the Company’s financial assets and liabilities measured at fair value on a recurring basis are classified within the fair value hierarchy as follows:

		Total				(Level 1)				(Level 2)				(Level 3)
Investment at fair value-securities, September 30, 2024		$	34,846			$	34,846			$	-			$	-

	Total		(Level 1)		(Level 2)		(Level 3)
Convertible notes liability	$	13,345,084	$	-	$	-	$	13,345,084
Warrants liability		234,791		-		-		234,791
Total derivative liability, September 30, 2024		13,579,875		-		-		13,579,875

The following is a reconciliation of Level 3 derivative liabilities for the period ending September 30,2024:

Balance as of January 1, 2024	$	7,742,759
Net loss on conversion of debt and change in derivative liabilities		5,837,116
Balance as of September 30, 2024	$	13,579,875

		September 30, 2024
Risk free interest rate		4.1% -5.0%
Stock volatility factor		101.9% - 218.8%
Weighted average expected option life (in years)		0.50 - 4.50
Expected dividend yield		None

Segment Reporting

Marketable Securities

Licensing agreement

Reclassification

Work-in-process

Recently issued accounting pronouncements

Management has reviewed recently issued, but not yet effective, accounting standards and does not expect them to have a material impact on the accompanying condensed financial statements if adopted.

WODI Assets and Liabilities Held-for-Sale, Discontinuing Operations

9 Months Ended

Sep. 30, 2024

WODI Assets and Liabilities Held-for-Sale, Discontinuing Operations [Abstract]

WODI Assets and Liabilities Held-for-Sale, Discontinuing Operations

WODI Assets and Liabilities Held-for-Sale, Discontinuing Operations

Classification ad Held-For-Sale and Discontinued Operations

●

Management has committed to a plan to sell the entity.

●

The entity is available for immediate sale in its current condition

●

An active program to locate a buyer and finalize the sale is underway.

●

The sale is probable, withing one year.

●

The entity is marked for sale at a reasonable price relative to fair value.

Financial Statement Impact and Comparability Adjustments

Assets and Liabilities Held-for-Sale

	September 30,		December 31,
	2024		2023
CURRENT ASSETS
Cash	$	200,347	$	374,192
Contracts receivable, net allowance of $355,453 and $379,335, respectively (Note 2)		1,011,709		1,509,504
Contract assets (Note 7)		830,194		455,102
Right-of-use asset, net		596,235		-
Prepaid expenses		72,088		-
Other receivable		-		-
Total Current Assets Held-For-Sale		2,710,573		2,338,798
NET PROPERTY AND EQUIPMENT HELD-FOR-SALE		1,324		3,370
NON-CURRENT ASSETS HELD-FOR SALE
SPAC Class B common shares purchase cost (Note 10)		400,000		400,000
Security deposit		19,051		-
Total Non-Current Liabilities Held-For-Sale		419,051		400,000
CURRENT LIABILITIES HELD-FOR-SALE
Accounts payable and other payable	$	1,948,771	$	1,335,211
Accrued expenses		2,826,113		1,103,159
Customer deposit		143,503		143,503
Secured loans payable		-		110,695
Lease liabilities, current		146,315		-
Contract liabilities (Note 7)		2,348,458		1,346,366
Warranty reserve		20,000		20,000
Tax Liability				13,600
Line of credit (Note 11)		27,292		178,808
Convertible secured promissory notes (Note 6)		21,051,139		16,729,089
Total Current Liabilities Held-For-Sale	$	28,511,591	$	20,980,431
NONCURRENT LIABILITIES HELD-FOR-SALE
Lease liabilities, non current		480,038		-
Total Non-Current Liabilities Held-For-Sale	$	480,038	$	-

Net loss from Assets Held-for-Sale

	Three Months Ended September 30						Nine Months Ended September 30
	2024			2023			2024			2023
Revenue	$	868,123		$	1,357,267		$	3,472,319		$	5,181,199
Cost of goods sold		909,504			1,136,539			3,241,850			4,649,625
Gross Profit		(41,381	)		220,728			230,469			531,574
Operating Expenses
Selling and marketing expenses		173,068			335			267,739			43,322
General and administrative expenses		987,002			306,064			1,565,786			866,314
Total Operating Expenses		1,160,070			306,399			1,833,525			909,636
Loss from Operations		(1,201,451	)		(85,671	)		(1,603,056	)		(378,062	)
OTHER INCOME (EXPENSE)
Other income		40,828			569			41,974			127,448
Impairment of receivable from SPAC		(452,508	)		(610,000	)		(1,580,508	)		(3,210,985	)
Conversion and settlement value added to note purchase agreements (see Note 6)		(382,349	)		(420,765	)		(1,679,349	)		(7,728,089	)
Preferred stock compensation expense		-			(1,690,500	)		-			(576,618	)
Interest expense		(602,486	)		(369,868	)		(1,642,713	)		(681,477	)
TOTAL OTHER (EXPENSE) INCOME		(1,396,515	)		(3,090,564	)		(4,860,596	)		(12,069,721	)
NET LOSS FROM ASSETS-HELD-FOR-SALE	$	(2,597,966	)	$	(3,176,235	)	$	(6,463,652	)	$	(12,447,783	)

Leases

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Leases

Leases

Right-of-Use (ROU) Asset and Lease Liability

Lease balances as of September 30, 2024

The components of lease-related assets and liabilities as of September 30, 2024, included within the held for sale classification are as follows:

Description	Amount
Right of Use Asset, net	$	596,235
Lease Liability - current portion		146,315
Lease liability - non-current portion		466,438
Total lease liability	$	612,753

Lease Expense

For the quarter ended September 30, 2024, the Company recognized the following lease-related expenses in COGS, as the facility is directly related to production:

●

Amortization of ROU Asset $30,840

●

Interest expense $12,304 (related to the lease liability)

Future Minimum Lease Payments

Future minimum lease payments as of September 30, 2024, are presented as part of held-for-sale assets, are as follows:

Period	Amount
Remainder of 2024	$	39,936
Year 1		161,791
Year 2		166,602
Year 3		171,465
Year 4		176,667
Year 5 and thereafter		104,867
Total Lease Payments	$	821,328
Less: Present Value Discount		(208,575	)
Total Lease Liability	$	612,753

Other Lease Disclosures

Capital Stock

9 Months Ended

Sep. 30, 2024

Capital Stock [Abstract]

Capital Stock

Capital Stock

OriginClear, Inc. Preferred Stock

Series C Preferred Stock

Series D-1 Preferred Stock

Series F

Series G

Series I

Series J

Series K

Series L

Series M

Series O

Series P

Series Q

Series R

Series S

Series U

Series W

Series Y

The Company also issued 7,760,800 warrants to Series Y investors, with an exercise price of $0.001 per share and a three-year term, in exchange for 4,701,230 in proceeds.

Series Z

As of September 30, 2024, the Company accrued dividends in the amount of $606,849 for all series of preferred stock.

WODI Preferred Stock

OriginClear, Inc. Common Stock

Nine Months Ended September 30, 2024

The Company issued 70,218,771 shares of common stock for services rendered, with a fair value of $592,419, at share prices ranging from $0.0063 - $0.012 per share.

The Company issued 693,766 shares of common stock in payment of Series O preferred stock dividends.

The Company issued 122,213,744 shares of common stock for the settlement of conversion agreements, with a fair value of $12,221.

The Company issued 20,937,829 shares of common stock for alternate vesting, with a fair value of $169,597.

The Company issued 188,075,563 shares of common stock upon conversion of $917,000 of preferred stock.

The Company redeemed 197,113,414 shares of common stock at a market price of $0.01 per share, recognizing a gain of $1,674,228.

The Company also issued 5,080,000 shares of common stock through Regulation A to investors for cash proceeds totaling $48,775.

Nine Months Ended September 30, 2023

The Company issued 20,492,456 shares of common stock through an equity financing agreement, for $141,373 based upon conversion prices ranging from $0.0064 to $0.00816 per share.

The Company issued 62,872,237 shares of common stock for services rendered, with a fair value of $603,578, at share prices ranging from $0.0051 to $0.0135 per share.

The Company issued 677,526 shares of common stock for Series O preferred stock dividends payable.

The Company issued 11,584,932 shares of common stock for alternate vesting, with a fair value of $120,540.

The Company issued 269,393,920 shares of common stock for settlement of conversion agreements, with a fair value of $26,940.

The Company issued 681,197,043 shares of common stock upon conversion of $3,388,000 of preferred stock. No gain or loss was recognized.

The Company redeemed 810,707,9925 shares of common stock at a market price of $0.01 per share, amounting to $7,088,473.

WODI Common Stock

WODI common stock holders	Ownership %
OriginClear, Inc.		90.83	%
Prior Reg A Holders		0.19	%
Prior Series A Holders		3.87	%
Prior Series B Holders		5.11	%
Total		100	%

Restricted Stock Grants and Warrants

9 Months Ended

Sep. 30, 2024

Restricted Stock Grants and Warrants [Abstract]

Restricted Stock Grants and Warrants

Restricted Stock Grants and Warrants

Restricted Stock Grants to CEO, the Board, Employees and Consultants

●

Consolidated gross revenue of $15 million or more over the trailing 12 months, and

●

Consolidated operating profit of $1.5 million or more during the same period.

The Company has not recognized any costs associated with these milestones, as achieving them is currently considered not probable.

During the nine months ended September 30, 2024, the Company issued 20,937,829 shares under the alternative vesting schedule, recognizing $169,597 in stock-based compensation.

Warrants

As of September 30,2024, the derivative liability for warrants was $234,791, with no intrinsic value.

A summary of the Company’s warrant activity and related information for the nine months ended September 30, 2024, is as follows:

				Weighted
				average
	Number of			exercise
	Warrants			price
Outstanding - beginning of period		64,401,089		$	0.1383
Granted		12,638,300		$	0.0806
Exercised		-		$	-
Expired		(963,500	)	$	1.0000
Outstanding - end of period		76,075,889		$	0.1178

At September 30, 2024, the weighted average remaining contractual life of warrants outstanding:

						Weighted
						Average
						Remaining
Exercisable		Warrants		Warrants		Contractual
Prices		Outstanding		Exercisable		Life (years)
$	0.0200		600,000		600,000		1.92
$	0.0275		8,727,273		8,727,273		6.66
$	0.1000		2,500,000		2,500,000		2.39
$	0.1250		55,014,616		55,014,616		3.06
$	0.2500		3,760,000		3,760,000		2.22
$	1.0000		596,500		596,500		0.10
$	0.0100		4,877,500		4,877,500		0.06
			76,075,889		76,075,889

Convertible Promissory Notes

9 Months Ended

Sep. 30, 2024

Convertible Promissory Notes [Abstract]

Convertible Promissory Notes

Convertible Promissory Notes

OriginClear, Inc.

As of September 30, 2024, the outstanding convertible promissory notes are as follows:

Convertible promissory notes	$	2,617,691
Less current portion		597,944
Total long-term liabilities	$	2,019,747

Maturities of long-term debt for the next five years are as follows:

Period ending September 30,	Amount
2024 (remaining 3 months)	-
2025		82,472
2026		1,875,000
2027		-
2028		62,275
	$	2,019,747

2014-2015 Notes

OID Notes

2015 Notes

Dec 2015 Note

Sep 2016 Note

Nov 2020 Note

Jan 2021 Note

Evaluation of Convertible Promissory Notes

Derivative Liability

As of September 30, 2024, the derivative liability related to the convertible promissory notes was $13,345,084, as recorded in the financial statements.

WODI

Revenue from Contracts with Customers

9 Months Ended

Sep. 30, 2024

Revenue from Contracts with Customers [Abstract]

Revenue from Contracts with Customers

Revenue from Contracts with Customers

Equipment Contracts

The following table presents the Company’s disaggregated revenue by source:

	Nine Months Ended
	September 30,
	2024		2023
Equipment Contracts	$	1,464,436	$	2,174,949
Component Sales		1,056,956		901,932
Pump Stations		693,470		364,945
Waste Water Treatment Systems		154,262		1,660,625
Services Sales		95,695		36,095
Commission & Training		7,500		3,263
Rental Income		6,573		19,719
Internet Sales		-		39,390
	$	3,478,892	$	5,200,918

Revenue recognition for components and service sales remains materially consistent with prior periods.

Financial Assets

9 Months Ended

Sep. 30, 2024

Financial Assets [Abstract]

Financial Assets

Financial Assets

Fair value investment in Securities

On November 12, 2021, the Company converted the preferred stock into 45,208,649 shares of WTII common stock. As of September 30, 2024, the fair value of this investment was $31,646.

Loans Payable

9 Months Ended

Sep. 30, 2024

Loans Payable [Abstract]

Loans Payable

Loans Payable

Secured Loans Payable

Settlement of Liability with C6 Capital LLC

Small Business Administration Loan

The Company received an Economic Injury Disaster Loan (“EIDL”) of $150,000 on June 12, 2020. As of September 30, 2024, the remaining balance was $145,216.

Receivables Financing Agreement

Related Party Loans Payable

For further information regarding these related party transactions, see Footnote 14 – Related Party.

WODI

9 Months Ended

Sep. 30, 2024

Water on demand inc. [Abstract]

WODI

10.

WODI

Acquisition of Fortune Rise Sponsor LLC

Business Combination with FRLA

On April 14, 2023, FRLA and WODI entered into a definitive Business Combination Agreement to acquire the newly combined WODI/PWT entity.

Asset Purchase Agreement

Merger with PWT

Promissory Notes

Recording of membership interest

As of September 30, 2024, WODI recorded the purchase of Class B Founder Shares at lower of cost or market value, of $400,000 on the condensed consolidated balance sheet as other asset held-for-sale.

Impairment analysis for Class B Common Founder Shares

The Company engaged an independent valuation firm to assess the fair value of the FRLA Sponsor Shares as of as of December 31, 2023. The valuation firm undertook the following procedures:

●

Analyzed the Company’s S-4 filing, business combination agreement, and other relevant documents.

	●	Developed a Monte Carlo Model simulation model with 50,000 iterations to evaluate potential outcomes, including stock price movements, business combination timing, and lapse of the transfer restrictions.

	●	Developed the discounted cash flow model based on the sale of securities at the time the restrictions expire.

	●	Applied probability-weighted the cash flows, discounting for lack of marketability.

●

Valued the FRLA Sponsor Founder Shares as of the date of valuation.

Based on the analysis, the independent firm concluded that there was no impairment in the value of the FRLA Sponsor Founder Shares.

Restricted Stock Grants

Line of Credit

9 Months Ended

Sep. 30, 2024

Line of Credit [Abstract]

Line of Credit

11.

Line of Credit

Assets Held for Sale – Continuing Operations

9 Months Ended

Sep. 30, 2024

Assets Held for Sale – Continuing Operations [Abstract]

Assets Held for Sale – Continuing Operations

12.

Assets Held for Sale – Continuing Operations

Commitments and Contingencies

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies [Abstract]

Commitments and Contingencies

13.

Commitments and Contingencies

Facility Rental

The Company’s subsidiary, PWT, leases a 21,300 square foot facility at 5225 W Houston, Sherman, TX 75092. As of September 30, 2024, the monthly rent is $13,313.

Warranty Reserve

Litigation

There are no material updates to the litigation matters with Process Solutions, Inc. as previously disclosed in the Form 10-K filed on April 18, 2024.

Related Party

9 Months Ended

Sep. 30, 2024

Related Party [Abstract]

Related Party

14.

Related Party

As of September 30, 2024, the Company issued two promissory notes to its Chief Executive Officer, T. Riggs Eckleberry:

Promissory Note for $98,000

Promissory Note for $208,000

Takeoff Services Inc

Shares issued for Alternative Vesting

Subsequent Events

9 Months Ended

Sep. 30, 2024

Subsequent Events [Abstract]

Subsequent Events

15.

Subsequent Events

Management has evaluated subsequent events in accordance with ASC Topic 855 and has identified the following subsequent events:

Pay vs Performance Disclosure - USD ($)	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($)	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (2,774,476)	$ (3,302,949)	$ (15,063,406)	$ (8,077,985)

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accounting Policies, by Policy (Policies)

9 Months Ended

Sep. 30, 2024

Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies [Abstract]

Basis of presentation

Basis of presentation

All intercompany balances and transactions have been eliminated in consolidation.

Going concern

Going concern

Principles of Consolidation

Principles of consolidation

Use of estimates

Use of estimates

Revenue recognition

Revenue recognition

Net Loss per share

Net Loss per share

	For the Nine Months Ended
	September 30,
	2024			2023
Income (loss) to common shareholders (Numerator)- continuing operations	$	(8,599,754	)	$	4,369,798	)
Loss to common shareholders (Numerator) - related to assets held-for-sale		(6,463,652	)		(12,447,783	)
Basic and diluted weighted average number of common shares outstanding (Denominator)		1,532,793,354			1,262,285,766

Cash and cash equivalents

Cash and cash equivalents

The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.

Contract receivables

Contract receivables

Indefinite lived intangibles and goodwill assets

Indefinite lived intangibles and goodwill assets

As of September 30, 2024, and 2023, the Company determined that no impairment existed.

Prepaid expenses

Prepaid expenses

As of September 30, 2024, and December 31, 2023, the prepaid expenses balance was $82,247 and $0, respectively.

Property and equipment

Property and equipment

Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, as follows:

Estimated Life
Machinery and equipment		5-10 years
Furniture, fixtures and computer equipment		3-7 years
Computer software		3 years
Vehicles		3-6 years
Leasehold improvements		2-5 years or lease term

	September 30,			December 31,
	2024			2023
Machinery and equipment	$	383,571		$	383,569
Computer equipment and software		66,491			66,493
Vehicles		64,276			64,276
Demo Units		36,139			36,139
Furniture and fixtures		29,809			29,810
Leasehold improvements		26,725			26,725
Gross property and equipment		607,011			607,012
Less accumulated depreciation		(481,895	)		(460,276	)
Net property and equipment	$	125,116		$	146,736

Depreciation expenses for the nine months ended September 30, 2024, and 2023, were $21,619 and $23,011, respectively.

Leases

Leases

Further details regarding the Company’s leases, including future lease payments, and lease liabilities, are provided in Footnote 4 - Leases.

Long term asset held for sale

Long term asset held for sale

As of September 30, 2024, the outstanding receivable balance related to the sale was $0.

Stock-Based Compensation

Stock-Based Compensation

For employees, the fair value is determined at the grant date and recognized as expense over the vesting period, typically using the Black-Scholes model.

Derivatives

Derivatives

For stock-based derivatives, the Company uses a Binomial lattice option pricing model to value the instruments at inception and on subsequent valuation dates.

Fair value of financial instruments

Fair value of financial instruments

ASC 820 outlines a three-tier fair value hierarchy that prioritizes the inputs used in valuations:

	●	Level 1: Observable inputs such as quoted prices in active markets for identical assets or liabilities.

	●	Level 2: Inputs other than quoted prices, including observable market data for similar assets or liabilities in active or inactive markets.

	●	Level 3: Unobservable inputs requiring the use of significant assumptions or models.

As of September 30, 2024, the Company’s financial assets and liabilities measured at fair value on a recurring basis are classified within the fair value hierarchy as follows:

		Total				(Level 1)				(Level 2)				(Level 3)
Investment at fair value-securities, September 30, 2024		$	34,846			$	34,846			$	-			$	-

	Total		(Level 1)		(Level 2)		(Level 3)
Convertible notes liability	$	13,345,084	$	-	$	-	$	13,345,084
Warrants liability		234,791		-		-		234,791
Total derivative liability, September 30, 2024		13,579,875		-		-		13,579,875

The following is a reconciliation of Level 3 derivative liabilities for the period ending September 30,2024:

Balance as of January 1, 2024	$	7,742,759
Net loss on conversion of debt and change in derivative liabilities		5,837,116
Balance as of September 30, 2024	$	13,579,875

		September 30, 2024
Risk free interest rate		4.1% -5.0%
Stock volatility factor		101.9% - 218.8%
Weighted average expected option life (in years)		0.50 - 4.50
Expected dividend yield		None

Segment Reporting

Segment Reporting

Marketable Securities

Marketable Securities

Licensing agreement

Licensing agreement

Reclassification

Reclassification

Work-in-process

Work-in-process

Recently issued accounting pronouncements

Recently issued accounting pronouncements

Management has reviewed recently issued, but not yet effective, accounting standards and does not expect them to have a material impact on the accompanying condensed financial statements if adopted.

Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2024

Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies [Abstract]

Schedule of Issuable Shares from Warrants, Convertible Notes, and Preferred Stock if their Impact on the Loss Per Share is Anti-Dilutive

	For the Nine Months Ended
	September 30,
	2024			2023
Income (loss) to common shareholders (Numerator)- continuing operations	$	(8,599,754	)	$	4,369,798	)
Loss to common shareholders (Numerator) - related to assets held-for-sale		(6,463,652	)		(12,447,783	)
Basic and diluted weighted average number of common shares outstanding (Denominator)		1,532,793,354			1,262,285,766

Schedule of Estimated Useful Lives of the Assets

Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, as follows:

Estimated Life
Machinery and equipment		5-10 years
Furniture, fixtures and computer equipment		3-7 years
Computer software		3 years
Vehicles		3-6 years
Leasehold improvements		2-5 years or lease term

Schedule of Property Plant and Equipment

	September 30,			December 31,
	2024			2023
Machinery and equipment	$	383,571		$	383,569
Computer equipment and software		66,491			66,493
Vehicles		64,276			64,276
Demo Units		36,139			36,139
Furniture and fixtures		29,809			29,810
Leasehold improvements		26,725			26,725
Gross property and equipment		607,011			607,012
Less accumulated depreciation		(481,895	)		(460,276	)
Net property and equipment	$	125,116		$	146,736

Schedule of Financial Assets Measured and Recorded at Fair Value on a Recurring Basis

As of September 30, 2024, the Company’s financial assets and liabilities measured at fair value on a recurring basis are classified within the fair value hierarchy as follows:

		Total				(Level 1)				(Level 2)				(Level 3)
Investment at fair value-securities, September 30, 2024		$	34,846			$	34,846			$	-			$	-

	Total		(Level 1)		(Level 2)		(Level 3)
Convertible notes liability	$	13,345,084	$	-	$	-	$	13,345,084
Warrants liability		234,791		-		-		234,791
Total derivative liability, September 30, 2024		13,579,875		-		-		13,579,875

Schedule of Reconciliation of Level 3 Derivative Liabilities

The following is a reconciliation of Level 3 derivative liabilities for the period ending September 30,2024:

Balance as of January 1, 2024	$	7,742,759
Net loss on conversion of debt and change in derivative liabilities		5,837,116
Balance as of September 30, 2024	$	13,579,875

Schedule of Derivative Liability

		September 30, 2024
Risk free interest rate		4.1% -5.0%
Stock volatility factor		101.9% - 218.8%
Weighted average expected option life (in years)		0.50 - 4.50
Expected dividend yield		None

WODI Assets and Liabilities Held-for-Sale, Discontinuing Operations (Tables)

9 Months Ended

Sep. 30, 2024

WODI Assets and Liabilities Held-for-Sale, Discontinuing Operations [Abstract]

Schedule of Assets and Liabilities Held-For-Sale

These include, but are not limited to, assets related to contract receivables and right of use assets and corresponding liabilities as of September 30, 2024.

	September 30,		December 31,
	2024		2023
CURRENT ASSETS
Cash	$	200,347	$	374,192
Contracts receivable, net allowance of $355,453 and $379,335, respectively (Note 2)		1,011,709		1,509,504
Contract assets (Note 7)		830,194		455,102
Right-of-use asset, net		596,235		-
Prepaid expenses		72,088		-
Other receivable		-		-
Total Current Assets Held-For-Sale		2,710,573		2,338,798
NET PROPERTY AND EQUIPMENT HELD-FOR-SALE		1,324		3,370
NON-CURRENT ASSETS HELD-FOR SALE
SPAC Class B common shares purchase cost (Note 10)		400,000		400,000
Security deposit		19,051		-
Total Non-Current Liabilities Held-For-Sale		419,051		400,000
CURRENT LIABILITIES HELD-FOR-SALE
Accounts payable and other payable	$	1,948,771	$	1,335,211
Accrued expenses		2,826,113		1,103,159
Customer deposit		143,503		143,503
Secured loans payable		-		110,695
Lease liabilities, current		146,315		-
Contract liabilities (Note 7)		2,348,458		1,346,366
Warranty reserve		20,000		20,000
Tax Liability				13,600
Line of credit (Note 11)		27,292		178,808
Convertible secured promissory notes (Note 6)		21,051,139		16,729,089
Total Current Liabilities Held-For-Sale	$	28,511,591	$	20,980,431
NONCURRENT LIABILITIES HELD-FOR-SALE
Lease liabilities, non current		480,038		-
Total Non-Current Liabilities Held-For-Sale	$	480,038	$	-

	Three Months Ended September 30						Nine Months Ended September 30
	2024			2023			2024			2023
Revenue	$	868,123		$	1,357,267		$	3,472,319		$	5,181,199
Cost of goods sold		909,504			1,136,539			3,241,850			4,649,625
Gross Profit		(41,381	)		220,728			230,469			531,574
Operating Expenses
Selling and marketing expenses		173,068			335			267,739			43,322
General and administrative expenses		987,002			306,064			1,565,786			866,314
Total Operating Expenses		1,160,070			306,399			1,833,525			909,636
Loss from Operations		(1,201,451	)		(85,671	)		(1,603,056	)		(378,062	)
OTHER INCOME (EXPENSE)
Other income		40,828			569			41,974			127,448
Impairment of receivable from SPAC		(452,508	)		(610,000	)		(1,580,508	)		(3,210,985	)
Conversion and settlement value added to note purchase agreements (see Note 6)		(382,349	)		(420,765	)		(1,679,349	)		(7,728,089	)
Preferred stock compensation expense		-			(1,690,500	)		-			(576,618	)
Interest expense		(602,486	)		(369,868	)		(1,642,713	)		(681,477	)
TOTAL OTHER (EXPENSE) INCOME		(1,396,515	)		(3,090,564	)		(4,860,596	)		(12,069,721	)
NET LOSS FROM ASSETS-HELD-FOR-SALE	$	(2,597,966	)	$	(3,176,235	)	$	(6,463,652	)	$	(12,447,783	)

Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Schedule of Lease-Related Assets and Liabilities

The components of lease-related assets and liabilities as of September 30, 2024, included within the held for sale classification are as follows:

Description	Amount
Right of Use Asset, net	$	596,235
Lease Liability - current portion		146,315
Lease liability - non-current portion		466,438
Total lease liability	$	612,753

Schedule of Lease-Related Expenses

Future minimum lease payments as of September 30, 2024, are presented as part of held-for-sale assets, are as follows:

Period	Amount
Remainder of 2024	$	39,936
Year 1		161,791
Year 2		166,602
Year 3		171,465
Year 4		176,667
Year 5 and thereafter		104,867
Total Lease Payments	$	821,328
Less: Present Value Discount		(208,575	)
Total Lease Liability	$	612,753

Capital Stock (Tables)

9 Months Ended

Sep. 30, 2024

Capital Stock [Abstract]

Schedule of Non-controlling Interest

The following table outlines WODI’s ownership percentage as of September 30, 2024:

WODI common stock holders	Ownership %
OriginClear, Inc.		90.83	%
Prior Reg A Holders		0.19	%
Prior Series A Holders		3.87	%
Prior Series B Holders		5.11	%
Total		100	%

Restricted Stock Grants and Warrants (Tables)

9 Months Ended

Sep. 30, 2024

Restricted Stock Grants and Warrants [Abstract]

Schedule of Warrant Activity

A summary of the Company’s warrant activity and related information for the nine months ended September 30, 2024, is as follows:

				Weighted
				average
	Number of			exercise
	Warrants			price
Outstanding - beginning of period		64,401,089		$	0.1383
Granted		12,638,300		$	0.0806
Exercised		-		$	-
Expired		(963,500	)	$	1.0000
Outstanding - end of period		76,075,889		$	0.1178

Schedule of Weighted Average Remaining Contractual Life of Warrants Outstanding

At September 30, 2024, the weighted average remaining contractual life of warrants outstanding:

						Weighted
						Average
						Remaining
Exercisable		Warrants		Warrants		Contractual
Prices		Outstanding		Exercisable		Life (years)
$	0.0200		600,000		600,000		1.92
$	0.0275		8,727,273		8,727,273		6.66
$	0.1000		2,500,000		2,500,000		2.39
$	0.1250		55,014,616		55,014,616		3.06
$	0.2500		3,760,000		3,760,000		2.22
$	1.0000		596,500		596,500		0.10
$	0.0100		4,877,500		4,877,500		0.06
			76,075,889		76,075,889

Convertible Promissory Notes (Tables)

9 Months Ended

Sep. 30, 2024

Convertible Promissory Notes [Abstract]

Schedule of Outstanding Convertible Promissory Notes

As of September 30, 2024, the outstanding convertible promissory notes are as follows:

Convertible promissory notes	$	2,617,691
Less current portion		597,944
Total long-term liabilities	$	2,019,747

Schedule of Maturities of Long-Term Debt

Maturities of long-term debt for the next five years are as follows:

Period ending September 30,	Amount
2024 (remaining 3 months)	-
2025		82,472
2026		1,875,000
2027		-
2028		62,275
	$	2,019,747

Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contracts with Customers [Abstract]

Schedule of Good or Service from Contracts with Customers

The following table presents the Company’s disaggregated revenue by source:

	Nine Months Ended
	September 30,
	2024		2023
Equipment Contracts	$	1,464,436	$	2,174,949
Component Sales		1,056,956		901,932
Pump Stations		693,470		364,945
Waste Water Treatment Systems		154,262		1,660,625
Services Sales		95,695		36,095
Commission & Training		7,500		3,263
Rental Income		6,573		19,719
Internet Sales		-		39,390
	$	3,478,892	$	5,200,918

Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	May 13, 2024	Dec. 31, 2023
Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies [Line Items]
Allowance for doubtful accounts	$ 355,453			$ 379,335
Prepaid expenses	82,247			0
Depreciation expense	21,619	$ 23,011
Receivables	0		$ 225,000
Customer [Member]
Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies [Line Items]
Allowance for doubtful accounts	$ 1,011,709			$ 1,509,504

Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies (Details) - Schedule of Issuable Shares from Warrants, Convertible Notes, and Preferred Stock if their Impact on the Loss Per Share is Anti-Dilutive - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Schedule of Issuable Shares from Warrants, Convertible Notes, and Preferred Stock if their Impact on the Loss Per Share is Anti-Dilutive [Abstract]
Income (loss) to common shareholders (Numerator)- continuing operations			$ (8,599,754)	$ 4,369,798
Loss to common shareholders (Numerator) - related to assets held-for-sale			$ (6,463,652)	$ (12,447,783)
Basic weighted average number of common shares outstanding (Denominator) (in Shares)	1,595,330,041	1,301,350,186	1,532,793,354	1,262,285,766
Diluted weighted average number of common shares outstanding (Denominator) (in Shares)	1,595,330,041	1,301,350,186	1,532,793,354	1,262,285,766

Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives of the Assets	Sep. 30, 2024
Computer software [Member]
Schedule of Furniture and Equipment Estimated Useful Lives [Line Items]
Estimated Life	3 years
Minimum [Member] \| Machinery and equipment [Member]
Schedule of Furniture and Equipment Estimated Useful Lives [Line Items]
Estimated Life	5 years
Minimum [Member] \| Furniture, fixtures and computer equipment [Member]
Schedule of Furniture and Equipment Estimated Useful Lives [Line Items]
Estimated Life	3 years
Minimum [Member] \| Vehicles [Member]
Schedule of Furniture and Equipment Estimated Useful Lives [Line Items]
Estimated Life	3 years
Minimum [Member] \| Leasehold improvements [Member]
Schedule of Furniture and Equipment Estimated Useful Lives [Line Items]
Estimated Life	2 years
Maximum [Member] \| Machinery and equipment [Member]
Schedule of Furniture and Equipment Estimated Useful Lives [Line Items]
Estimated Life	10 years
Maximum [Member] \| Furniture, fixtures and computer equipment [Member]
Schedule of Furniture and Equipment Estimated Useful Lives [Line Items]
Estimated Life	7 years
Maximum [Member] \| Vehicles [Member]
Schedule of Furniture and Equipment Estimated Useful Lives [Line Items]
Estimated Life	6 years
Maximum [Member] \| Leasehold improvements [Member]
Schedule of Furniture and Equipment Estimated Useful Lives [Line Items]
Estimated Life	5 years

Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies (Details) - Schedule of Property Plant and Equipment - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Schedule of Property Plant and Equipment [Line Items]
Gross property and equipment	$ 607,011	$ 607,012
Less accumulated depreciation	(481,895)	(460,276)
Net property and equipment	125,116	146,736
Machinery and equipment [Member]
Schedule of Property Plant and Equipment [Line Items]
Gross property and equipment	383,571	383,569
Computer equipment and software [Member]
Schedule of Property Plant and Equipment [Line Items]
Gross property and equipment	66,491	66,493
Vehicles [Member]
Schedule of Property Plant and Equipment [Line Items]
Gross property and equipment	64,276	64,276
Demo Units [Member]
Schedule of Property Plant and Equipment [Line Items]
Gross property and equipment	36,139	36,139
Furniture and fixtures [Member]
Schedule of Property Plant and Equipment [Line Items]
Gross property and equipment	29,809	29,810
Leasehold improvements [Member]
Schedule of Property Plant and Equipment [Line Items]
Gross property and equipment	$ 26,725	$ 26,725

Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies (Details) - Schedule of Financial Assets Measured and Recorded at Fair Value on a Recurring Basis - Fair Value, Recurring [Member]	Sep. 30, 2024 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value-securities, September 30, 2024	$ 34,846
Convertible notes liability	13,345,084
Warrants liability	234,791
Total derivative liability, September 30, 2024	13,579,875
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value-securities, September 30, 2024	34,846
Convertible notes liability
Warrants liability
Total derivative liability, September 30, 2024
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value-securities, September 30, 2024
Convertible notes liability
Warrants liability
Total derivative liability, September 30, 2024
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment at fair value-securities, September 30, 2024
Convertible notes liability	13,345,084
Warrants liability	234,791
Total derivative liability, September 30, 2024	$ 13,579,875

Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies (Details) - Schedule of Reconciliation of Level 3 Derivative Liabilities	9 Months Ended
	Sep. 30, 2024 USD ($)
Schedule of Reconciliation of the Derivative Liability for Which Level 3 inputs [Abstract]
Balance as of January 1, 2024	$ 7,742,759
Net loss on conversion of debt and change in derivative liabilities	5,837,116
Balance as of September 30, 2024	$ 13,579,875

Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies (Details) - Schedule of Derivative Liability	Sep. 30, 2024
Risk free interest rate [Member] \| Minimum [Member]
Schedule of Fair Market Value of the Derivative Liability [Line Items]
Reconciliation of derivative liability	4.1
Risk free interest rate [Member] \| Maximum [Member]
Schedule of Fair Market Value of the Derivative Liability [Line Items]
Reconciliation of derivative liability	5
Stock volatility factor [Member] \| Minimum [Member]
Schedule of Fair Market Value of the Derivative Liability [Line Items]
Reconciliation of derivative liability	101.9
Stock volatility factor [Member] \| Maximum [Member]
Schedule of Fair Market Value of the Derivative Liability [Line Items]
Reconciliation of derivative liability	218.8
Weighted average expected option life (in years) [Member] \| Minimum [Member]
Schedule of Fair Market Value of the Derivative Liability [Line Items]
Reconciliation of derivative liability	0.5
Weighted average expected option life (in years) [Member] \| Maximum [Member]
Schedule of Fair Market Value of the Derivative Liability [Line Items]
Reconciliation of derivative liability	4.5
Expected dividend yield [Member]
Schedule of Fair Market Value of the Derivative Liability [Line Items]
Reconciliation of derivative liability	0

WODI Assets and Liabilities Held-for-Sale, Discontinuing Operations (Details) $ in Millions	Oct. 24, 2023 USD ($)
Water on Demand, Inc [Member]
Wodi Assets and Liabilities Held-for-Sale – Discontinuing Operations [Line Items]
Equity valuation	$ 72

WODI Assets and Liabilities Held-for-Sale, Discontinuing Operations (Details) - Schedule of Assets and Liabilities Held-For-Sale - Assets and Liabilities Held-For-Sale [Member] - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
CURRENT ASSETS
Cash	$ 200,347		$ 200,347		$ 374,192
Contracts receivable, net allowance of $355,453 and $379,335, respectively (Note 2)	1,011,709		1,011,709		1,509,504
Contract assets (Note 7)	830,194		830,194		455,102
Right-of-use asset, net	596,235		596,235
Prepaid expenses	72,088		72,088
Other receivable
Total Current Assets Held-For-Sale	2,710,573		2,710,573		2,338,798
NET PROPERTY AND EQUIPMENT HELD-FOR-SALE	1,324		1,324		3,370
NON-CURRENT ASSETS HELD-FOR SALE
SPAC Class B common shares purchase cost (Note 10)	400,000		400,000		400,000
Security deposit	19,051		19,051
Total Non-Current Liabilities Held-For-Sale	419,051		419,051		400,000
CURRENT LIABILITIES HELD-FOR-SALE
Accounts payable and other payable	1,948,771		1,948,771		1,335,211
Accrued expenses	2,826,113		2,826,113		1,103,159
Customer deposit	143,503		143,503		143,503
Secured loans payable					110,695
Lease liabilities, current	146,315		146,315
Contract liabilities (Note 7)	2,348,458		2,348,458		1,346,366
Warranty reserve	20,000		20,000		20,000
Tax Liability					13,600
Line of credit (Note 11)	27,292		27,292		178,808
Convertible secured promissory notes (Note 6)	21,051,139		21,051,139		16,729,089
Total Current Liabilities Held-For-Sale	28,511,591		28,511,591		20,980,431
NONCURRENT LIABILITIES HELD-FOR-SALE
Lease liabilities, non current	480,038		480,038
Total Non-Current Liabilities Held-For-Sale	480,038		480,038
Revenue	868,123	$ 1,357,267	3,472,319	$ 5,181,199
Cost of goods sold	909,504	1,136,539	3,241,850	4,649,625
Gross Profit	(41,381)	220,728	230,469	531,574
Selling and marketing expenses	173,068	335	267,739	43,322
General and administrative expenses	987,002	306,064	1,565,786	866,314
Total Operating Expenses	1,160,070	306,399	1,833,525	909,636
Loss from Operations	(1,201,451)	(85,671)	(1,603,056)	(378,062)
OTHER INCOME (EXPENSE)
Other income	40,828	569	41,974	127,448
Impairment of receivable from SPAC	(452,508)	(610,000)	(1,580,508)	(3,210,985)
Conversion and settlement value added to note purchase agreements (see Note 6)	(382,349)	(420,765)	(1,679,349)	(7,728,089)
Preferred stock compensation expense		(1,690,500)		(576,618)
Interest expense	(602,486)	(369,868)	(1,642,713)	(681,477)
TOTAL OTHER (EXPENSE) INCOME	(1,396,515)	(3,090,564)	(4,860,596)	(12,069,721)
NET LOSS FROM ASSETS-HELD-FOR-SALE	$ (2,597,966)	$ (3,176,235)	$ (6,463,652)	$ (12,447,783)

WODI Assets and Liabilities Held-for-Sale, Discontinuing Operations (Details) - Schedule of Assets and Liabilities Held-For-Sale (Parentheticals) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Assets and Liabilities Held-For-Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Contracts receivable, net allowance	$ 355,453	$ 379,335

Leases (Details)	9 Months Ended
Leases (Details)	Sep. 30, 2024 USD ($)
Leases [Abstract]
Lease term	61 months
Incremental borrowing rate	11.84%
Amortization of ROU asset	$ 30,840
Interest expense	$ 12,304

Leases (Details) - Schedule of Lease-Related Assets and Liabilities	Sep. 30, 2024 USD ($)
Schedule of Lease-Related Assets and Liabilities [Abstract]
Right of Use Asset, net	$ 596,235
Lease Liability - current portion	146,315
Lease liability - non-current portion	466,438
Total lease liability	$ 612,753

Leases (Details) - Schedule of Lease-Related Expenses	Sep. 30, 2024 USD ($)
Schedule of Lease-Related Expenses [Abstract]
Remainder of 2024	$ 39,936
Year 1	161,791
Year 2	166,602
Year 3	171,465
Year 4	176,667
Year 5 and thereafter	104,867
Total Lease Payments	821,328
Less: Present Value Discount	(208,575)
Total Lease Liability	$ 612,753

Capital Stock (Details) - Part-1 - USD ($)					9 Months Ended
Capital Stock (Details) - Part-1 - USD ($)	Aug. 21, 2020	Apr. 27, 2020	Aug. 14, 2018	Mar. 14, 2017	Sep. 30, 2024	Dec. 31, 2023	Dec. 06, 2021	Apr. 13, 2018
Capital Stock [Line Items]
Preferred stock, share authorized					600,000,000	600,000,000		50,000,000
Preferred stock per share (in Dollars per share)					$ 0.0001	$ 0.0001
Preferred stock voting, percentage				51.00%
Aggregate preferred stock, share issued (in Dollars per share)								$ 0.0005
Percentage of common stock outstanding		9.99%					9.99%	9.99%
Preferred stock liquidation per share (in Dollars per share)			$ 1,000
Dividend rate, percentage		4.00%	8.00%		8.00%
Series C Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock per share (in Dollars per share)				$ 0.0001
Purchase price of the series C preferred stock (in Dollars per share)				$ 0.1
Total share purchase (in Dollars)				$ 1,000
Preferred stock, shares issued					1,000
Preferred stock, shares outstanding					1,000
Series C Preferred Stock [Member] \| Director [Member]
Capital Stock [Line Items]
Preferred stock, share authorized				1,000
Preferred stock per share (in Dollars per share)				$ 0.0001
Series D Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, shares issued					31,500,000	315,000,000
Preferred stock, shares outstanding					31,500,000	315,000,000
Percentage of common stock outstanding								4.99%
Preferred stock total value (in Dollars)								$ 0
Series F Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, share authorized			6,000
Preferred stock, shares issued					50	60
Preferred stock, shares outstanding					50	60
Conversion of Stock, Shares Issued					10
Redemption obligation (in Dollars)					$ 50,000
Series Q Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, share authorized	2,000
Preferred stock per share (in Dollars per share)	$ 1,000
Preferred stock, shares issued					410
Preferred stock, shares outstanding					410
Dividend rate, percentage	12.00%
Conversion of Stock, Shares Issued					20
Number of shares					10

Capital Stock (Details) - Part-2 - USD ($)	Apr. 03, 2019	Jan. 16, 2019	Sep. 30, 2024	Dec. 31, 2023
Series G Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, share authorized		6,000
Liquidation preference value (in Dollars)		$ 1,000
Dividend rate, percentage		8.00%
Preferred stock, shares outstanding			25	25
Redemption obligation (in Dollars)			$ 25,000
Series I Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, share authorized	4,000
Liquidation preference value (in Dollars)	$ 1,000
Dividend rate, percentage	8.00%
Preferred stock, shares outstanding	25
Redemption obligation (in Dollars)			$ 25,000

Capital Stock (Details) - Part-3 - USD ($)					9 Months Ended
Capital Stock (Details) - Part-3 - USD ($)	May 26, 2021	Jul. 01, 2020	Apr. 27, 2020	Aug. 14, 2018	Sep. 30, 2024	Dec. 31, 2023	Dec. 06, 2021	Jun. 03, 2019	Apr. 03, 2019	Apr. 13, 2018
Capital Stock [Line Items]
Preferred stock, share authorized					600,000,000	600,000,000				50,000,000
Preferred stock per share (in Dollars per share)					$ 0.0001	$ 0.0001
Dividend rate, percentage			4.00%	8.00%	8.00%
Liquidation preference value (in Dollars)		$ 25
Percentage of common stock outstanding			9.99%				9.99%			9.99%
Aggregate of shares					1,609,888,305	1,399,782,046
Series J Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, share authorized									100,000
Preferred stock per share (in Dollars per share)									$ 1,000
Preferred stock, shares issued					210
Preferred stock, shares outstanding					210
Series K Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, share authorized								4,000
Preferred stock per share (in Dollars per share)								$ 1,000
Preferred stock, shares issued					297.15
Preferred stock, shares outstanding					297.15
Redemption obligation (in Dollars)					$ 297,150
Series L Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, share authorized								100,000
Preferred stock per share (in Dollars per share)								$ 1,000
Preferred stock, shares issued					320.5
Preferred stock, shares outstanding					320.5
Series M Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, share authorized		800,000
Preferred stock, shares issued					40,300
Preferred stock, shares outstanding					40,300
Dividend rate, percentage		10.00%
Liquidation preference value (in Dollars)		$ 25
Redemption price, per share (in Dollars per share)		$ 37.5
Series O Preferred Stocks [Member]
Capital Stock [Line Items]
Preferred stock, share authorized			2,000
Preferred stock per share (in Dollars per share)			$ 1,000
Preferred stock, shares issued					185
Preferred stock, shares outstanding					185
Dividend rate, percentage	200.00%		8.00%		4.00%
Percentage of dividing conversion price			200.00%
Percentage of common stock outstanding			4.99%
Aggregate of shares					693,766
Aggregate preferred stock, share issued					965,252
Conversion shares					5
Series P Preferred Stocks [Member]
Capital Stock [Line Items]
Preferred stock, share authorized			500
Preferred stock per share (in Dollars per share)			$ 1,000
Preferred stock, shares outstanding					30
Percentage of dividing conversion into common stock			4.99%
Increased common stock percentage			9.99%

Capital Stock (Details) - Part-4 - $ / shares				9 Months Ended
Capital Stock (Details) - Part-4 - $ / shares	Feb. 05, 2021	Nov. 16, 2020	Aug. 21, 2020	Sep. 30, 2024	Apr. 27, 2020
Series Q Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, share authorized			2,000
Preferred stock per share (in Dollars per share)			$ 1,000
Dividend rate, percentage			12.00%
Percentage of dividing conversion into common stock			200.00%
Aggregate preferred stock, share issued				4,576,458
Conversion of Stock, Shares Issued				20
Preferred stock, shares outstanding				410
Preferred stock, shares issued				410
Series R Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, share authorized		5,000
Preferred stock per share (in Dollars per share)		$ 1,000
Dividend rate, percentage		10.00%
Percentage of dividing conversion into common stock		200.00%
Percentage of common stock outstanding		4.99%
Trading days	5 days
Aggregate preferred stock, share issued				135
Preferred stock, shares outstanding				1,473
Preferred stock, shares issued				1,473
Common stock outstanding increased percentage		9.99%
Aggregate shares of common stock				30,496,772
Series P Preferred Stocks Member
Capital Stock [Line Items]
Preferred stock, share authorized					500
Preferred stock per share (in Dollars per share)					$ 1,000
Percentage of dividing conversion into common stock					4.99%
Preferred stock, shares outstanding				30
Series S Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, share authorized	430
Preferred stock per share (in Dollars per share)	$ 1,000
Dividend rate, percentage	12.00%
Percentage of common stock outstanding	9.99%
Trading days	5 days
Aggregate preferred stock, share issued				10
Conversion of Stock, Shares Issued				2,272,728
Preferred stock, shares outstanding				110
Preferred stock, shares issued				110
Minimum [Member] \| Series Q Preferred Stock [Member]
Capital Stock [Line Items]
Percentage of common stock outstanding			4.99%
Minimum [Member] \| Series S Preferred Stock [Member]
Capital Stock [Line Items]
Percentage of common stock outstanding	4.99%
Maximum [Member] \| Series Q Preferred Stock [Member]
Capital Stock [Line Items]
Percentage of common stock outstanding			9.99%

Capital Stock (Details) - Part-5 - USD ($)											9 Months Ended		12 Months Ended
Capital Stock (Details) - Part-5 - USD ($)	Sep. 21, 2023	Aug. 03, 2023	Jun. 30, 2023	Aug. 12, 2022	Feb. 11, 2022	May 26, 2021	Apr. 28, 2021	Feb. 05, 2021	Apr. 27, 2020	Aug. 14, 2018	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Jun. 30, 2024	Apr. 22, 2022	Feb. 18, 2022	Dec. 06, 2021	Nov. 19, 2020	Apr. 13, 2018
Capital Stock [Line Items]
Preferred stock, share authorized											600,000,000		600,000,000						50,000,000
Preferred stock per share (in Dollars per share)											$ 0.0001		$ 0.0001
Dividend rate, percentage									4.00%	8.00%	8.00%
Percentage of common stock outstanding									9.99%								9.99%		9.99%
Conversion price decrease (in Dollars per share)												$ 0.0064
Warrants outstanding											652,250
Exercise prices per share (in Dollars per share)											$ 0.001
Issuance of shares (in Dollars)			$ 60,000
Warrant exchange proceeds											701,230
Aggregate stock redeemed												810,707
Shares of common stock												62,872,237
Fair value conversion agreements (in Dollars)											$ 12,221	$ 603,578
Issuance of common stock		15,550,000	12,000	15,550,000
Vesting fair value (in Dollars)											$ 169,597
Conversion of shares												681,197,043
Conversion value issued (in Dollars)												$ 167,365
Market price of per share (in Dollars per share)											$ 0.0001	$ 0.01	$ 0.0001
Aggregate of shares											1,609,888,305		1,399,782,046
Common stock cash proceeds (in Dollars)											$ 160,990		$ 139,978
Conversion prices (in Dollars per share)												$ 0.00816
Total aggregate amount (in Dollars)																		$ 50,000
Shares issued for altertive vesting (in Dollars)												$ 120,540
Common stock issued as settlement (in Dollars)											12,221	26,940
Recognized gain on common stock (in Dollars)											$ 7,088,473	9,925
Common stock outstanding											1,609,888,305		1,399,782,046
Convertible Promissory Notes [Member]
Capital Stock [Line Items]
Principal amount (in Dollars)												91,000
Accrued interest (in Dollars)												$ 76,365
Water On Demand, Inc. (‘WODI’) Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, share authorized															50,000,000
Preferred stock per share (in Dollars per share)															$ 0.0001
WODI [Member]
Capital Stock [Line Items]
Company owns share outstanding, percentage											90.83%
Non-controlling interest											9.17%
Warrant [Member]
Capital Stock [Line Items]
Warrants outstanding											2,084,299			1,427,049
Exercise prices per share (in Dollars per share)											$ 1
Minimum [Member]
Capital Stock [Line Items]
Preferred stock per value (in Dollars per share)											0.0063	$ 0.0135
Maximum [Member]
Capital Stock [Line Items]
Preferred stock per value (in Dollars per share)											$ 0.012	$ 0.0051
Common Stock [Member]
Capital Stock [Line Items]
Aggregate stock redeemed											197,113,414
Recognized gain on common stock (in Dollars)											$ 1,674,228
Shares of common stock												62,872,237
Issuance of common stock											20,937,829	20,492,456
Conversion of shares												55,788,402
Conversion value issued (in Dollars)												$ 5,579
Market price of per share (in Dollars per share)											$ 0.01
Conversion Agreement [Member]
Capital Stock [Line Items]
Issuance of common stock											122,213,744
WODI [Member]
Capital Stock [Line Items]
Issuance of common stock											2,581,344
Conversion of shares	3,069,100
Financing Agreement [Member]
Capital Stock [Line Items]
Fair value conversion agreements (in Dollars)											$ 592,419
Financing Agreement [Member] \| Common Stock [Member]
Capital Stock [Line Items]
Shares of common stock											70,218,771
Convertible Notes Payable [Member]
Capital Stock [Line Items]
Issuance of common stock												55,788,402
Total aggregate proceeds (in Dollars)												$ 141,373
Total aggregate amount (in Dollars)												$ 167,365
Stock price per share (in Dollars per share)												$ 0.0085
Convertible Notes Payable [Member] \| Common Stock [Member]
Capital Stock [Line Items]
Issuance of common stock												20,492,456
Conversion Agreement [Member]
Capital Stock [Line Items]
Common stock issued as settlement (in Dollars)												$ 26,940
Conversion Agreement [Member] \| Common Stock [Member]
Capital Stock [Line Items]
Common stock for alternate vesting												11,584,932
Series S Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, share authorized								430
Preferred stock per share (in Dollars per share)								$ 1,000
Dividend rate, percentage								12.00%
Convertible common stock percentage								200.00%
Percentage of common stock outstanding								9.99%
Conversion of Stock, Shares Issued											2,272,728
Aggregate preferred stock, share issued											10
Preferred stock, shares issued											110
Preferred stock, shares outstanding											110
Conversion value issued (in Dollars)											$ 10,000	$ 50,000
Series S Preferred Stock [Member] \| Minimum [Member]
Capital Stock [Line Items]
Percentage of common stock outstanding								4.99%
Series S Preferred Stock [Member] \| Common Stock [Member]
Capital Stock [Line Items]
Conversion of shares											2,272,728	8,864,250
Conversion value issued (in Dollars)											$ 227	$ 886
Series U Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, share authorized						5,000
Preferred stock per share (in Dollars per share)						$ 1,000
Convertible common stock percentage						150.00%
Preferred stock, shares issued											270
Preferred stock, shares outstanding											270
Conversion price decrease (in Dollars per share)						$ 0.2
Warrants outstanding											596,500
Fair value of warrants (in Dollars)											$ 0
Exercise prices per share (in Dollars per share)											$ 1
Conversion value issued (in Dollars)												$ 115,000
Series U Preferred Stock [Member] \| Minimum [Member]
Capital Stock [Line Items]
Percentage of common stock outstanding						4.99%
Series U Preferred Stock [Member] \| Maximum [Member]
Capital Stock [Line Items]
Percentage of common stock outstanding						9.99%
Series U Preferred Stock [Member] \| Common Stock [Member]
Capital Stock [Line Items]
Conversion of shares												19,051,616
Conversion value issued (in Dollars)												$ 1,905
Series O Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, share authorized									2,000
Preferred stock per share (in Dollars per share)									$ 1,000
Dividend rate, percentage						200.00%			8.00%		4.00%
Percentage of common stock outstanding									4.99%
Aggregate preferred stock, share issued											965,252
Preferred stock, shares issued											185
Preferred stock, shares outstanding											185
Issuance of common stock											693,766	677,526
Conversion value issued (in Dollars)											$ 5,000	$ 40,000
Aggregate of shares											693,766
Series O Preferred Stock [Member] \| Common Stock [Member]
Capital Stock [Line Items]
Conversion of shares											965,252	7,722,008
Conversion value issued (in Dollars)											$ 97	$ 772
Series W Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, share authorized							3,390
Preferred stock per share (in Dollars per share)							$ 1,000
Dividend rate, percentage							12.00%
Convertible common stock percentage							200.00%
Conversion of Stock, Shares Issued											41,715,134
Aggregate preferred stock, share issued											200
Preferred stock, shares issued											696.5
Preferred stock, shares outstanding											696.5
Percentage of common stock outstanding							4.99%
Conversion value issued (in Dollars)											$ 200,000	$ 8,000
Series W Preferred Stock [Member] \| Common Stock [Member]
Capital Stock [Line Items]
Conversion of shares											41,715,134	2,318,842
Conversion value issued (in Dollars)											$ 4,172	$ 232
Series Y Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, share authorized																	3,000
Preferred stock per share (in Dollars per share)																	$ 100,000
Percentage of common stock outstanding																	4.99%
Conversion of Stock, Shares Issued											108,049,219
Aggregate preferred stock, share issued											5.47
Preferred stock, shares issued											28.83
Preferred stock, shares outstanding											28.83
Fair value of warrants (in Dollars)											$ 173,618
Subsidiary’s annual net profits percentage											25.00%						25.00%
Issuance of shares (in Dollars)											$ 995,100
Warrants issued											62,534,616
Conversion value issued (in Dollars)											$ 547,000	$ 1,810,000
Series Y Preferred Stock [Member] \| Minimum [Member]
Capital Stock [Line Items]
Exercise prices per share (in Dollars per share)											$ 0.13
Series Y Preferred Stock [Member] \| Maximum [Member]
Capital Stock [Line Items]
Exercise prices per share (in Dollars per share)											$ 0.25
Series Y Preferred Stock [Member] \| Common Stock [Member]
Capital Stock [Line Items]
Shares of common stock											70,218,771
Conversion of shares											108,049,219	331,921,683
Conversion value issued (in Dollars)											$ 10,805	$ 33,192
Series Y investors [Member] \| Warrant [Member]
Capital Stock [Line Items]
Warrants outstanding											7,760,800
Series Z Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, share authorized					25
Preferred stock per share (in Dollars per share)					$ 10,000											$ 0.1
Percentage of common stock outstanding					4.99%
Conversion of Stock, Shares Issued													25
Preferred stock, shares issued																25
Warrants outstanding											2,500,000
Fair value of warrants (in Dollars)											$ 4,441
Warrants issued																2,500,000
Increased common stock percentage					9.99%
Amount of accrued dividends (in Dollars)											606,849
Recognized gain on common stock (in Dollars)											$ 1,636,728
Conversion value issued (in Dollars)												$ 250,000
Series Z Preferred Stock [Member] \| Common Stock [Member]
Capital Stock [Line Items]
Conversion of shares												61,728,395
Conversion value issued (in Dollars)												$ 6,173
Series Z Preferred Stock [Member] \| WODI [Member]
Capital Stock [Line Items]
Aggregate stock redeemed											197,113,414
Preferred stock per value (in Dollars per share)											$ 0.01
Series B Preferred Stock [Member] \| OriginClear, Inc Preferred Stock [Member]
Capital Stock [Line Items]
Preferred stock, shares issued											0		0
Preferred stock, shares outstanding											0		0
Conversion Preferred Stock [Member]
Capital Stock [Line Items]
Conversion of shares											188,075,563
Conversion value issued (in Dollars)											$ 917,000	$ 3,388,000
Common Stock [Member]
Capital Stock [Line Items]
Aggregate of shares											5,080,000
Common Stock [Member] \| Conversion Agreement [Member]
Capital Stock [Line Items]
Issuance of common stock												269,393,920
Regulation A Investors [Member]
Capital Stock [Line Items]
Common stock cash proceeds (in Dollars)											$ 48,775
WODI Common Stock [Member]
Capital Stock [Line Items]
Aggregate of shares											13,399,217
Common stock outstanding											12,171,067

Capital Stock (Details) - Schedule of Non-controlling Interest	Sep. 30, 2024
OriginClear, Inc. [Member]
Schedule of Non-controlling Interest [Line Items]
Total ownership percentage	90.83%
Prior Reg A Holders [Member]
Schedule of Non-controlling Interest [Line Items]
Total ownership percentage	0.19%
Prior Series A Holders [Member]
Schedule of Non-controlling Interest [Line Items]
Total ownership percentage	3.87%
Prior Series B Holders [Member]
Schedule of Non-controlling Interest [Line Items]
Total ownership percentage	5.11%
WODI common stock holders [Member]
Schedule of Non-controlling Interest [Line Items]
Total ownership percentage	100.00%

Restricted Stock Grants and Warrants (Details) - USD ($)	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Mar. 01, 2021
Options and Warrants [Line Items]
Gross revenue		$ 6,573		$ 6,573	$ 19,719
Operating Income (Loss)	$ (1,268,882)	$ (947,859)		$ (4,031,874)	(4,135,718)
Aggregate shares issued (in Shares)				20,937,829
Stock-based compensation				$ 169,597
Issued warrants for proceeds (in Shares)	652,250			652,250
Exercise price (in Dollars per share)	$ 0.001			$ 0.001
Warrant term							2 years
Proceeds of warrants			$ 426,230	$ 701,230
Derivative liability	$ 13,579,875			13,579,875		$ 7,742,759
Restricted Stock Grant Agreements [Member]
Options and Warrants [Line Items]
Gross revenue				$ 15,000,000
Trailing period				12 months
Operating Income (Loss)				$ 1,500,000
Warrant [Member]
Options and Warrants [Line Items]
Issued warrants for proceeds (in Shares)	2,084,299		1,427,049	2,084,299
Exercise price (in Dollars per share)	$ 1			$ 1
Warrant term	3 years			3 years
Proceeds of warrants				$ 275,000
Derivative liability	$ 234,791			$ 234,791
WODI Reg A Offering [Member]
Options and Warrants [Line Items]
Issued warrants for proceeds (in Shares)	4,877,500			4,877,500
Exercise price (in Dollars per share)	$ 0.01			$ 0.01
Proceeds of warrants				$ 48,775

Restricted Stock Grants and Warrants (Details) - Schedule of Warrant Activity	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Schedule of Warrant Activity [Line Items]
Number of Warrants, Outstanding - beginning of period \| shares	64,401,089
Weighted average exercise price, Outstanding - beginning of period \| $ / shares	$ 0.1383
Number of Warrants, Granted \| shares	12,638,300
Weighted average exercise price, Granted \| $ / shares	$ 0.0806
Number of Warrants, Exercised \| shares
Weighted average exercise price, Exercised \| $ / shares
Number of Warrants, Expired \| shares	(963,500)
Weighted average exercise price, Expired \| $ / shares	$ 1
Number of Warrants, Outstanding - end of period \| shares	76,075,889
Weighted average exercise price, Outstanding - end of period \| $ / shares	$ 0.1178

Restricted Stock Grants and Warrants (Details) - Schedule of Weighted Average Remaining Contractual Life of Warrants Outstanding	9 Months Ended
	Sep. 30, 2024 shares
Class of Warrant or Right [Line Items]
Warrants Outstanding	76,075,889
Warrants Exercisable	76,075,889
0.0200 [Member]
Class of Warrant or Right [Line Items]
Warrants Outstanding	600,000
Warrants Exercisable	600,000
Weighted Average Remaining Contractual Life (years)	1 year 11 months 1 day
0.0275 [Member]
Class of Warrant or Right [Line Items]
Warrants Outstanding	8,727,273
Warrants Exercisable	8,727,273
Weighted Average Remaining Contractual Life (years)	6 years 7 months 28 days
0.1000 [Member]
Class of Warrant or Right [Line Items]
Warrants Outstanding	2,500,000
Warrants Exercisable	2,500,000
Weighted Average Remaining Contractual Life (years)	2 years 4 months 20 days
0.1250 [Member]
Class of Warrant or Right [Line Items]
Warrants Outstanding	55,014,616
Warrants Exercisable	55,014,616
Weighted Average Remaining Contractual Life (years)	3 years 21 days
0.2500 [Member]
Class of Warrant or Right [Line Items]
Warrants Outstanding	3,760,000
Warrants Exercisable	3,760,000
Weighted Average Remaining Contractual Life (years)	2 years 2 months 19 days
1.0000 [Member]
Class of Warrant or Right [Line Items]
Warrants Outstanding	596,500
Warrants Exercisable	596,500
Weighted Average Remaining Contractual Life (years)	1 month 6 days
0.0100 [Member]
Class of Warrant or Right [Line Items]
Warrants Outstanding	4,877,500
Warrants Exercisable	4,877,500
Weighted Average Remaining Contractual Life (years)	21 days

Convertible Promissory Notes (Details) - USD ($)			9 Months Ended
Convertible Promissory Notes (Details) - USD ($)	Jan. 25, 2021	Nov. 19, 2020	Sep. 30, 2024	Sep. 30, 2023
Convertible Promissory Notes [Line Items]
Trade price percentage	50.00%
Aggregate remaining balance			$ 2,019,747
Conversion price per share (in Dollars per share)				$ 0.0064
Convertible debt		$ 50,000
Conversion price per share (in Dollars per share)				$ 0.00816
Penalty per day	$ 2,000	$ 2,000
Convertible secured promissory notes			$ 13,345,084
2014-2015 Notes [Member]
Convertible Promissory Notes [Line Items]
Trade price percentage			50.00%
Interest rate			10.00%
OID Notes [Member]
Convertible Promissory Notes [Line Items]
Trade price percentage		50.00%
Aggregate remaining amount			$ 184,124
Accrued interest			$ 13,334
Maturity date			Jun. 30, 2023
Conversion price		$ 10
Conversion price per share (in Dollars per share)		$ 0.05
Aggregate of shares			$ 197,113,414
Nov 2020 Note [Member]
Convertible Promissory Notes [Line Items]
Trade price percentage			50.00%
Conversion price per share (in Dollars per share)			$ 5,600
Interest rate	10.00%
2015 Notes [Member]
Convertible Promissory Notes [Line Items]
Trade price percentage			50.00%
Sep 2016 Note [Member]
Convertible Promissory Notes [Line Items]
Accounts payable			$ 430,896
Convertible Secured Promissory Notes [Member]
Convertible Promissory Notes [Line Items]
Maturity date	Jan. 25, 2022	Nov. 19, 2021
Convertible secured promissory notes			$ 2,642,701
Jan 2021 Note [Member]
Convertible Promissory Notes [Line Items]
Interest rate			10.00%
Unsecured Convertible Promissory Notes [Member] \| 2014-2015 Notes [Member]
Convertible Promissory Notes [Line Items]
Aggregate remaining balance			$ 683,700
Unsecured Convertible Promissory Notes [Member] \| OID Notes [Member]
Convertible Promissory Notes [Line Items]
Aggregate remaining balance			62,275
Unsecured Convertible Promissory Notes [Member] \| Nov 2020 Note [Member]
Convertible Promissory Notes [Line Items]
Aggregate remaining balance			13,773
Unsecured Convertible Promissory Notes [Member] \| 2015 Notes [Member]
Convertible Promissory Notes [Line Items]
Aggregate remaining balance			1,200,000
Unsecured Convertible Promissory Notes [Member] \| Jan 2021 Note [Member]
Convertible Promissory Notes [Line Items]
Aggregate remaining balance			60,000
Dec 2015 Note [Member]
Convertible Promissory Notes [Line Items]
Accounts payable			432,048
Minimum [Member] \| 2014-2015 Notes [Member]
Convertible Promissory Notes [Line Items]
Conversion prices			4,200
Minimum [Member] \| 2015 Notes [Member]
Convertible Promissory Notes [Line Items]
Conversion prices			1,400
Maximum [Member] \| 2014-2015 Notes [Member]
Convertible Promissory Notes [Line Items]
Conversion prices			9,800
Maximum [Member] \| 2015 Notes [Member]
Convertible Promissory Notes [Line Items]
Conversion prices			5,600
WODI [Member]
Convertible Promissory Notes [Line Items]
Convertible secured promissory notes			$ 21,051,139
Convertible Notes Payable [Member] \| Nov 2020 Note [Member]
Convertible Promissory Notes [Line Items]
Convertible debt	$ 60,000
Convertible Notes Payable [Member] \| Dec 2015 Note [Member]
Convertible Promissory Notes [Line Items]
Percentage of average of lowest sale prices			75.00%
Convertible Notes Payable [Member] \| Sep 2016 Note [Member]
Convertible Promissory Notes [Line Items]
Percentage of average of lowest sale prices			75.00%
Convertible Notes Payable [Member] \| Jan 2021 Note [Member]
Convertible Promissory Notes [Line Items]
Convertible debt			$ 815
Convertible Notes Payable [Member]
Convertible Promissory Notes [Line Items]
Convertible debt				$ 167,365
Convertible Notes Payable [Member] \| Dec 2015 Note [Member]
Convertible Promissory Notes [Line Items]
Remaining balance			167,048
Convertible Notes Payable [Member] \| Sep 2016 Note [Member]
Convertible Promissory Notes [Line Items]
Remaining balance			430,896
Common Stock [Member]
Convertible Promissory Notes [Line Items]
Aggregate amount			$ 1,636,728

Convertible Promissory Notes (Details) - Schedule of Outstanding Convertible Promissory Notes - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Schedule of Outstanding Convertible Promissory Notes [Abstract]
Convertible promissory notes	$ 2,617,691
Less current portion	597,944	$ 2,472,944
Total long-term liabilities	$ 2,019,747

Convertible Promissory Notes (Details) - Schedule of Maturities of Long-Term Debt	Sep. 30, 2024 USD ($)
Schedule of Maturities of Long-Term Debt [Abstract]
2024 (remaining 3 months)
2025	82,472
2026	1,875,000
2027
2028	62,275
Total	$ 2,019,747

Revenue from Contracts with Customers (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Revenue from Contracts with Customers [Line Items]
Contract asset	$ 830,194	$ 445,102
Contract liability	2,348,458	$ 1,346,366
Continuing Operations [Member]
Revenue from Contracts with Customers [Line Items]
Revenue from continuing operations	6,573		$ 19,179
Discontinued Operations [Member]
Revenue from Contracts with Customers [Line Items]
Revenue from continuing operations	$ 3,427,319		$ 5,181,199

Revenue from Contracts with Customers (Details) - Schedule of Good or Service from Contracts with Customers - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Schedule of Good or Service from Contracts with Customers [Line Items]
Revenue	$ 3,478,892	$ 5,200,918
Equipment Contracts [Member]
Schedule of Good or Service from Contracts with Customers [Line Items]
Revenue	1,464,436	2,174,949
Component Sales [Member]
Schedule of Good or Service from Contracts with Customers [Line Items]
Revenue	1,056,956	901,932
Pump Stations [Member]
Schedule of Good or Service from Contracts with Customers [Line Items]
Revenue	693,470	364,945
Waste Water Treatment Systems [Member]
Schedule of Good or Service from Contracts with Customers [Line Items]
Revenue	154,262	1,660,625
Services Sales [Member]
Schedule of Good or Service from Contracts with Customers [Line Items]
Revenue	95,695	36,095
Commission & Training [Member]
Schedule of Good or Service from Contracts with Customers [Line Items]
Revenue	7,500	3,263
Rental Income [Member]
Schedule of Good or Service from Contracts with Customers [Line Items]
Revenue	6,573	19,719
Internet Sales [Member]
Schedule of Good or Service from Contracts with Customers [Line Items]
Revenue		$ 39,390

Financial Assets (Details) - USD ($)			9 Months Ended
Financial Assets (Details) - USD ($)	Nov. 12, 2021	May 15, 2018	Sep. 30, 2024	Sep. 30, 2023
Financial Assets [Line Items]
Preferred shares fair value			$ 3,200
Aggregate share issued				62,872,237
Investment in securities in fair value amount			$ 31,646
OriginClear, Inc. technology [Member]
Financial Assets [Line Items]
Fair value market price per share		$ 0.0075
Series C Convertible Preferred Stock [Member]
Financial Assets [Line Items]
Stock issued		$ 30,000
Series C Convertible Preferred Stock [Member] \| OriginClear, Inc. technology [Member]
Financial Assets [Line Items]
Shares received		4,000
WTII common stock [Member]
Financial Assets [Line Items]
Aggregate share issued	45,208,649
WTII common stock [Member] \| Series C Convertible Preferred Stock [Member]
Financial Assets [Line Items]
Shares received		1,000

Loans Payable (Details) - USD ($)			9 Months Ended
Loans Payable (Details) - USD ($)	May 13, 2024	Jun. 12, 2020	Sep. 30, 2024	Sep. 30, 2023	Dec. 06, 2023
Loans Payable [Line Items]
Assets amount			$ 1,749,970
Finance cost			624,810
Net balance			0
Loan			0
Gain on write-off payable			30,646	$ 218,064
Grant loan amount	$ 150,000
Percentage of future receivables	11.00%
Receivables amount	$ 225,000		0
Origination fee	$ 15,000
Outstanding balance			0
Amortized as interest expense			149,822
Economic Injury Disaster Loan [Member]
Loans Payable [Line Items]
Grant loan amount		$ 150,000
Remaining balance			$ 145,216
Second Note Promissory [Member]
Loans Payable [Line Items]
Issued date			Sep. 02, 2024
Principal amount			$ 208,000
Annual interest rate			10.00%
Monthly payments			$ 13,877
Payments commencing date			Oct. 04, 2024
Due date			Mar. 02, 2025
Cash advance			$ 200,000
Loan fee			8,000
Secured Debt [Member]
Loans Payable [Line Items]
Assets amount					$ 149,900
Finance cost					59,900
Net amount					$ 90,000
Future Receivables Agreement [Member]
Loans Payable [Line Items]
Recognized as debt discount			75,000
Amortized as interest expense			$ 90,000
Loans Payable [Member] \| First Note Promissory [Member]
Loans Payable [Line Items]
Issued date			Sep. 24, 2024
Principal amount			$ 98,000
Annual interest rate			10.00%
Monthly payments			$ 9,212
Payments commencing date			Oct. 24, 2024
Due date			Mar. 24, 2025

WODI (Details) - USD ($)						9 Months Ended		12 Months Ended
WODI (Details) - USD ($)	Sep. 21, 2023	Aug. 03, 2023	Jun. 30, 2023	Dec. 22, 2022	Aug. 12, 2022	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2021	Apr. 14, 2023	Jan. 05, 2023	Nov. 16, 2022
Water on Demand Inc. (‘WODI’) [Line Items]
Investments amount											$ 1,000
Issuance of stock (in Shares)		15,550,000	12,000		15,550,000
Total proceeds			$ 60,000
Total purchase of membership interest						$ 169,597	$ 120,540
Note payable to related party				$ 737,267
Other assets exchange shares (in Shares)									6,000,000
Aggregate note payable						$ 2,001	$ 1,919
Aggregate impaired expenses								$ 114,000
Converted shares (in Shares)							681,197,043
Series of Individually Immaterial Business Acquisitions [Member]
Water on Demand Inc. (‘WODI’) [Line Items]
Busines combination stock price (in Dollars per share)						$ 50,000
Related Party [Member]
Water on Demand Inc. (‘WODI’) [Line Items]
Issuance of stock (in Shares)						20,937,829
Note payable to related party				$ 737,267
Sponsor [Member]
Water on Demand Inc. (‘WODI’) [Line Items]
Membership interest, percentage				100.00%
Sale of stock shares (in Shares)				2,343,750
Fortune Rise Sponsor, LLC [Member]
Water on Demand Inc. (‘WODI’) [Line Items]
Total purchase of membership interest				$ 400,000
WODI [Member]
Water on Demand Inc. (‘WODI’) [Line Items]
Issuance of stock (in Shares)						2,581,344
Deposit amount										$ 977,500
Aggregate sale of stock issued (in Shares)	2,171,068
Aggregate note payable				$ 5,504,493
Aggregate impaired expenses						$ 1,580,508
Restricted shares percentage						25.00%
Converted shares (in Shares)	3,069,100
Class B Founder Shares [Member]
Water on Demand Inc. (‘WODI’) [Line Items]
Other asset held-for-sale						$ 400,000

Line of Credit (Details) - USD ($)	9 Months Ended	12 Months Ended
Line of Credit (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Line of Credit [Line Items]
Aggregate amount		$ 345,875
Interest rate, percentage		26.07%
Paid principal	$ 320,104
Leaving a principal balance	$ 27,292

Assets Held for Sale – Continuing Operations (Details) - USD ($)			9 Months Ended	12 Months Ended
	Jan. 31, 2023	Mar. 01, 2021	Sep. 30, 2024	Dec. 31, 2022	Dec. 31, 2021	May 13, 2024
Assets Held for Sale – Continuing Operations [Line Items]
Warrants term		2 years
Warrants acquire (in Shares)		25,200,000
Price per share (in Dollars per share)		$ 0.05
Offer price				$ 400,000
Property plant and equipment				$ 114,000
Assets held for sale					$ 400,000
Payable remaining amount					$ 114,000
Sale of property	$ 400,000
Initial payment	235,000
Payable remaining amount	165,000
Monthly installments	$ 11,000
Payment received			$ 164,935
Receivable amount			$ 0			$ 225,000
Series T Preferred Stock [Member]
Assets Held for Sale – Continuing Operations [Line Items]
Number of share issued (in Shares)		630,000
Series T Preferred Stock [Member] \| Special Purpose Agreement [Member]
Assets Held for Sale – Continuing Operations [Line Items]
Number of share issued (in Shares)		630
Series T Preferred Stock [Member] \| Buenos Aires [Member]
Assets Held for Sale – Continuing Operations [Line Items]
Aggregate value		$ 630,000

Commitments and Contingencies (Details)	Sep. 30, 2024 USD ($) ft²
Commitments and Contingencies [Line Items]
Area of land (in Square Feet) \| ft²	21,300
Monthly rent	$ 13,313
Warrant reserve	$ 20,000

Related Party (Details) - USD ($)				1 Months Ended	9 Months Ended
Related Party (Details) - USD ($)	Aug. 03, 2023	Jun. 30, 2023	Aug. 12, 2022	Sep. 24, 2024	Sep. 30, 2024	Sep. 30, 2023
Related Party [Line Items]
Related party loan					$ 298,000
Issued common stock (in Shares)	15,550,000	12,000	15,550,000
Related Party [Member]
Related Party [Line Items]
Issued common stock (in Shares)					20,937,829
Promissory Note [Member]
Related Party [Line Items]
Issued date				Sep. 24, 2024
Principal amount				$ 98,000
Annual interest rate				10.00%
Monthly payments				$ 9,214
Payments commencing date				Oct. 24, 2024
Due date				Mar. 24, 2025
Promissory Note [Member] \| Related Party [Member]
Related Party [Line Items]
Related party loan					$ 98,000
Unsecured Promissory Note [Member]
Related Party [Line Items]
Issued date				Sep. 02, 2024
Principal amount				$ 208,000
Annual interest rate				10.00%
Monthly payments				$ 13,877
Payments commencing date				Oct. 04, 2024
Due date				Mar. 02, 2025
Proceeds from Unsecured Notes Payable				$ 200,000
Debt Instrument, Fee Amount				$ 8,000
Unsecured Promissory Note [Member] \| Related Party [Member]
Related Party [Line Items]
Related party loan					$ 208,000

Subsequent Events (Details) - Subsequent Event [Member] - $ / shares	Oct. 04, 2024	Nov. 06, 2024	Oct. 31, 2024	Oct. 14, 2024	Oct. 02, 2024
Subsequent Events [Line Items]
Converted common shares	20,833,334
Per share (in Dollars per share)	$ 0.0072	$ 0.01
Common shares			1,362,935	1,930,000	1,362,935
Series Y Preferred Stock [Member]
Subsequent Events [Line Items]
Share issued	1

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