374Water Reports Fourth Quarter and Full Year 2024 Financial Results
374Water Inc (NASDAQ: SCWO) reported its Q4 and full year 2024 financial results, highlighting the progress of its AirSCWO waste destruction technology. The company generated revenue of $0.4 million in 2024, down from $0.7 million in 2023. Operating expenses increased 59% to $11.9 million, resulting in a net loss of $12.4 million compared to $8.1 million in 2023.
Key developments include the deployment of AirSCWO system at Orlando's Iron Bridge Water Reclamation Facility, with a second system scheduled for Orange County, CA in 2025. The company secured a contract from North Carolina to destroy AFFF containing PFAS, potentially expanding to 28,000 gallons. Cash position stood at $10.7 million as of December 31, 2024.
The company strengthened its leadership by appointing Russell Kline as CFO and Raj Melkote as CTO, while also completing a $12.2 million registered direct offering.
374Water Inc (NASDAQ: SCWO) ha riportato i risultati finanziari del quarto trimestre e dell'intero anno 2024, evidenziando i progressi della sua tecnologia di distruzione dei rifiuti AirSCWO. L'azienda ha generato un fatturato di 0,4 milioni di dollari nel 2024, in calo rispetto ai 0,7 milioni di dollari del 2023. Le spese operative sono aumentate del 59% raggiungendo 11,9 milioni di dollari, con una perdita netta di 12,4 milioni di dollari rispetto agli 8,1 milioni di dollari del 2023.
Sviluppi chiave includono il dispiegamento del sistema AirSCWO presso l'impianto di recupero delle acque Iron Bridge di Orlando, con un secondo sistema programmato per la contea di Orange, CA nel 2025. L'azienda ha ottenuto un contratto dalla Carolina del Nord per distruggere AFFF contenente PFAS, potenzialmente espandendosi fino a 28.000 galloni. La posizione di cassa si attestava a 10,7 milioni di dollari al 31 dicembre 2024.
L'azienda ha rafforzato la sua leadership nominando Russell Kline come CFO e Raj Melkote come CTO, completando anche un'offerta diretta registrata di 12,2 milioni di dollari.
374Water Inc (NASDAQ: SCWO) informó sus resultados financieros del cuarto trimestre y del año completo 2024, destacando el progreso de su tecnología de destrucción de residuos AirSCWO. La empresa generó ingresos de 0,4 millones de dólares en 2024, en comparación con 0,7 millones de dólares en 2023. Los gastos operativos aumentaron un 59% alcanzando 11,9 millones de dólares, resultando en una pérdida neta de 12,4 millones de dólares en comparación con 8,1 millones de dólares en 2023.
Los desarrollos clave incluyen el despliegue del sistema AirSCWO en la instalación de recuperación de agua Iron Bridge de Orlando, con un segundo sistema programado para el condado de Orange, CA en 2025. La empresa aseguró un contrato de Carolina del Norte para destruir AFFF que contiene PFAS, potencialmente expandiéndose a 28,000 galones. La posición de efectivo se situaba en 10,7 millones de dólares al 31 de diciembre de 2024.
La empresa fortaleció su liderazgo al nombrar a Russell Kline como CFO y a Raj Melkote como CTO, completando también una oferta directa registrada de 12,2 millones de dólares.
374Water Inc (NASDAQ: SCWO)는 2024년 4분기 및 전체 연도 재무 결과를 보고하며 AirSCWO 폐기물 파괴 기술의 발전을 강조했습니다. 이 회사는 2024년에 40만 달러의 수익을 올렸으며, 이는 2023년의 70만 달러에서 감소한 수치입니다. 운영 비용은 59% 증가하여 1190만 달러에 이르렀고, 이에 따라 2023년의 810만 달러와 비교해 1240만 달러의 순손실을 기록했습니다.
주요 개발 사항으로는 올랜도의 아이언 브리지 수자원 회수 시설에 AirSCWO 시스템을 배치한 것이 포함되며, 2025년에는 캘리포니아 오렌지 카운티에 두 번째 시스템이 예정되어 있습니다. 이 회사는 PFAS가 포함된 AFFF를 파괴하기 위해 노스캐롤라이나로부터 계약을 체결했으며, 이는 최대 28,000갤런으로 확대될 수 있습니다. 2024년 12월 31일 기준으로 현금 잔고는 1070만 달러였습니다.
회사는 러셀 클라인을 CFO로, 라즈 멜코트를 CTO로 임명하여 리더십을 강화했으며, 1220만 달러의 등록 직접 제공도 완료했습니다.
374Water Inc (NASDAQ: SCWO) a publié ses résultats financiers du quatrième trimestre et de l'année complète 2024, mettant en avant les progrès de sa technologie de destruction des déchets AirSCWO. L'entreprise a généré des revenus de 0,4 million de dollars en 2024, en baisse par rapport à 0,7 million de dollars en 2023. Les dépenses d'exploitation ont augmenté de 59% pour atteindre 11,9 millions de dollars, entraînant une perte nette de 12,4 millions de dollars contre 8,1 millions de dollars en 2023.
Les développements clés incluent le déploiement du système AirSCWO à l'installation de récupération des eaux Iron Bridge à Orlando, avec un deuxième système prévu pour le comté d'Orange, CA en 2025. L'entreprise a obtenu un contrat de Caroline du Nord pour détruire l'AFFF contenant des PFAS, avec une expansion potentielle à 28 000 gallons. La position de trésorerie s'élevait à 10,7 millions de dollars au 31 décembre 2024.
L'entreprise a renforcé son leadership en nommant Russell Kline au poste de CFO et Raj Melkote au poste de CTO, tout en complétant une offre directe enregistrée de 12,2 millions de dollars.
374Water Inc (NASDAQ: SCWO) berichtete über seine finanziellen Ergebnisse für das vierte Quartal und das gesamte Jahr 2024 und hob die Fortschritte seiner AirSCWO Abfallvernichtungstechnologie hervor. Das Unternehmen erzielte 2024 Einnahmen von 0,4 Millionen Dollar, ein Rückgang von 0,7 Millionen Dollar im Jahr 2023. Die Betriebskosten stiegen um 59% auf 11,9 Millionen Dollar, was zu einem Nettoverlust von 12,4 Millionen Dollar im Vergleich zu 8,1 Millionen Dollar im Jahr 2023 führte.
Wichtige Entwicklungen umfassen den Einsatz des AirSCWO-Systems in der Iron Bridge Wasseraufbereitungsanlage in Orlando, wobei ein zweites System für den Orange County, CA im Jahr 2025 geplant ist. Das Unternehmen sicherte sich einen Vertrag aus North Carolina zur Zerstörung von AFFF, das PFAS enthält, was möglicherweise auf 28.000 Gallonen ausgeweitet wird. Die Liquiditätsposition betrug zum 31. Dezember 2024 10,7 Millionen Dollar.
Das Unternehmen stärkte seine Führung, indem es Russell Kline zum CFO und Raj Melkote zum CTO ernannte und zudem eine registrierte Direktplatzierung in Höhe von 12,2 Millionen Dollar abschloss.
- Secured AFFF destruction contract from North Carolina with expansion potential
- Successfully raised $12.2 million through registered direct offering
- Demonstrated 99.99% waste destruction efficiency in trials
- Strengthened executive team with new CFO and CTO appointments
- Revenue declined 43% to $0.4M in 2024 from $0.7M in 2023
- Operating expenses increased 59% to $11.9M
- Net loss widened to $12.4M from $8.1M in previous year
- Working capital decreased to $11.5M from $13.5M year-over-year
Insights
374Water's financial results show concerning operational metrics with
The cash position shows minimal improvement at
While 374Water is advancing its waste destruction technology with demonstrations showing
374Water's AirSCWO technology is making substantial operational progress with meaningful commercial deployments that validate its market readiness. The system's demonstrated
The North Carolina AFFF contract is particularly significant as it addresses PFAS contamination - a pressing environmental challenge with substantial regulatory momentum. This contract positions 374Water in the high-value PFAS remediation market, with the initial 1,000-gallon project potentially expanding to 28,000 gallons. Additionally, the planned Department of Defense demonstration in Detroit signals potential federal market penetration, where PFAS contamination remains a multi-billion dollar liability.
The company's transition from demonstration to commercial operation is evident in their plans to launch Waste Destruction Services sites that will accept third-party waste streams, potentially creating recurring revenue channels. The manufacturing of additional AS units (both AS6 and AS1 models) indicates scaling capability. However, 374Water must demonstrate operational reliability and cost-effectiveness at commercial scale to convert their technical achievements into sustainable financial performance.
Second AirSCWO Deploying to Orange County, CA in 2025, Multiple Additional Deployments Scheduled throughout 2025 to Showcase AirSCWO
Successful Demonstrations in Collaboration with Municipal and Federal Government Agencies, Prime Contractors, and Industry
Awarded Aqueous Film-Forming Foam Waste Destruction Services Contract for the State of North Carolina
DURHAM, N.C., March 27, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) ("374Water") (the "Company"), a global leader in waste destruction technology for the municipal, federal, and industrial markets, today reported its financial and operational results for the fourth quarter and full year ended December 31, 2024.
“The fourth quarter of 2024 and early 2025 demonstrated ongoing progress in the development and commercial scale deployment of our proprietary AirSCWO (“AS”) system,” said Chris Gannon, President and CEO of 374Water. “With our AS system deployed to the City of Orlando’s Iron Bridge Water Reclamation Facility, we made significant progress ruggedizing and optimizing our AS system and completed numerous municipal, federal, and industrial waste destruction demonstrations on a wide variety of solid and liquid waste streams. We were recently awarded a contract by the State of North Carolina to destroy 1,000 gallons of aqueous film forming form (“AFFF”) containing per- and polyfluoroalkyl ("PFAS"), this contract could increase by up to 28,000 gallons in a subsequent phase. We also continued to strengthen our leadership team, with the addition of Russell Kline as Chief Financial Officer, and Raj Malkote, who will be joining as Chief Technology Officer. We are focused on executing our business strategy in 2025, including completing the manufacturing of additional AS units, deploying our AS to Orange County Sanitation, launching and beginning to accept 3rd-party waste streams at our initial Waste Destruction Services (“WDS”) site(s), converting our backlog and pipeline to revenue, continuing to improve our AS technology, and scaling our manufacturing capacity to meet client demand for our AS systems.
Recent Highlights
- Significant progress made in further ruggedizing and optimizing AirSCWO, pre-treatment, and post-treatment systems.
- Conducted numerous demonstrations on a wide variety of organic waste streams at commercial and lab bench scale with waste destruction results at or above
99.99% . - Appointed Russell Kline as Chief Financial Officer, bringing more than two decades of domestic and international strategic, financial, operational, and capital market experience from his time with large public and private companies.
- Appointed Raj Melkote as Chief Technology Officer, bringing more than 30 years of domestic and international engineering executive with an extensive track record in conceptualizing, developing, and commercializing innovative new industrial technology products across a wide range of industries.
- Closed a registered direct offering with gross proceeds of
$12.2 million . - Awarded AFFF Destruction Contract by the State of North Carolina.
Anticipated Upcoming Events
- Complete 90-day biosolids destruction demonstration at Orlando’s Iron Bridge Water Reclamation Facility.
- Complete manufacturing second AS6 system and deploy to Orange County Sanitation District in Fountain Valley, CA.
- Complete manufacturing of AS1 system for immediate deployment to municipal, federal, and industrial facility destruction demonstrations, beginning with deployment to City of St. Cloud, MN facility, as part of a Legislative-Citizen Commission on Minnesota Resources, for a wastewater sludge/biosolid destruction demonstration.
- Participate in a highly anticipated Department of Defense (“DoD”) project in Detroit Michigan aimed at identifying commercial-scale technology solutions to destroy PFAS contaminated wastes.
- Launch and begin accepting 3rd-party waste streams for our initial WDS site(s).
2024 Financial Summary
- For the year ended December 31, 2024, revenue totaled
$0.4 million compared to$0.7 million in the prior year. The company’s business has been focused on the development and commercialization of its supercritical water oxidation (SCWO) systems. Revenue generated was primarily attributable to manufacturing assembly services and from treatability study services during the years ended December 31, 2024, and 2023, respectively. - Total operating expenses increased
59% to$11.9 million for the year ended December 31, 2024, compared to$7.5 million for the year ended December 31, 2023. The increase was primarily due to an increase in professional fees of$1.7 million , an increase of$1.2 million in general and administrative expenses, an increase in compensation and related expenses of$0.8 million , and an increase in research and development expenses of$0.6 million .- The increase in our professional fees are primarily non-recurring expenses related to the settlement of a legal matter and the changes in our executive leadership and board of directors that have been previously disclosed.
- The increases in general and administrative expenses stem from our continued efforts to establish our executive team as well as the relocation of our manufacturing facility and continued commercialization and growth efforts.
- The increase in our research and development expenses is primarily due to an increase in engineering expenses and from continued efforts to commercialize our systems.
- Net loss for the year ended December 31, 2024, was
$12.4 million , as compared with$8.1 million in the prior year. - Cash and cash equivalents as of December 31, 2024, was
$10.7 million , as compared to$10.4 million as of December 31, 2023. As of December 31, 2024, working capital was$11.5 million , compared to$13.5 million as of December 31, 2023.
Fourth Quarter & Full Year 2024 Results Conference Call
374Water CEO Chris Gannon and CFO Russell Kline will host the conference call, followed by a question-and-answer period. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed following the call via the investor relations section of the Company’s website here.
To access the call, please use the following information:
| Date: | Thursday, March 27, 2025 |
| Time: | 4:30 p.m. Eastern time (1:30 p.m. Pacific time) |
| Dial-in: | 1-877-423-9813 |
| International Dial-in: | 1-201-689-8573 |
| Conference Code: | 13752175 |
| Webcast: | https://viavid.webcasts.com/starthere.jsp?ei=1711128&tp_key=c9013ba56e |
A telephone replay will be available approximately three hours after the call and will run through April 10, 2025, by dialing 1-844-512-2921 from the U.S., or 1-412-317-6671 from international locations, and entering replay pin number: 13752175. The replay can also be viewed through the webcast link above and the presentation utilized during the call will be available in the Company’s investor relations section here.
About 374Water
374Water Inc. (NASDAQ: SCWO) is a global industrial technology and services company providing innovative solutions addressing wastewater treatment and waste management issues within the municipal, federal and industrial markets. 374Water's AirSCWO technology is designed to efficiently destroy and mineralize a broad spectrum of organic non-hazardous and hazardous organic wastes producing safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy. 374Water's AirSCWO technology has the potential to assist its customers to meet discharge requirements, reduce or eliminate disposal costs, remove bottlenecks, and reduce litigation and other risks. 374Water continues to be a leader in innovative waste treatment solutions, dedicated to creating a greener future and eradicating harmful pollutants. Learn more by visiting www.374water.com and follow us on LinkedIn.
Cautionary Language on Forward-Looking Statements
Certain statements in this communication are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to future events or our future financial performance, including statements relating to our ability to execute on our strategic plan, our ability to process a range of waste and contaminants at scale, our progress toward commercialization, the timing to complete our demonstration in Orlando, the timing to manufacture and deploy AirSCWO systems, demand for our products, including capital sales, leases, and waste destruction services, whether we will receive additional AFFF to destroy from North Carolina, whether we will be successful in converting our pipeline to revenue, and whether we will be able to scale our business to meet demand, and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or our achievements or those of our industry to be materially different from those expressed or implied by any forward-looking statements. In some cases, forward-looking statements may be identified by the use of words like "may," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "believe," "estimate," "project," "consider," "predict," "potential," "feel," or other comparable terminology. The Company has based these forward-looking statements on its current expectations, assumptions, estimates, beliefs, and projections. While the Company believes these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control. These and other important factors, including those discussed under "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024, as well as the Company's subsequent filings with the SEC, may cause actual results, performance, or achievements to differ materially from those expressed or implied by these forward-looking statements. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Investor Relations and Media Contact
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
SCWO@mzgroup.us
www.mzgroup.us
| 374 Water Inc. and Subsidiaries | ||||||||
| Consolidated Balance Sheets | ||||||||
| As of December 31, 2024 and, 2023 | ||||||||
| December 31, 2024 | December 31, 2023 | |||||||
| Assets | ||||||||
| Current Assets: | ||||||||
| Cash and cash equivalents | $ | 10,651,644 | $ | 10,445,404 | ||||
| Accounts receivable, net of credit allowance | 269,733 | 64,792 | ||||||
| Other accounts receivable | 43,886 | 39,749 | ||||||
| Unbilled accounts receivable | 1,653,007 | 1,494,553 | ||||||
| Inventory, net | 1,701,474 | 2,276,677 | ||||||
| Contract assets | 136,651 | – | ||||||
| Prepaid expenses | 431,412 | 581,085 | ||||||
| Total Current Assets | 14,887,807 | 14,902,260 | ||||||
| Property and equipment, net | 2,567,571 | 230,971 | ||||||
| Intangible asset, net | 1,016,594 | 988,029 | ||||||
| Right-of-use asset, net | 691,014 | – | ||||||
| Other assets | 20,847 | – | ||||||
| Total Long-Term Assets | 4,296,026 | 1,219,000 | ||||||
| Total Assets | $ | 19,183,833 | $ | 16,121,260 | ||||
| Liabilities and Stockholders’ Equity | ||||||||
| Current Liabilities: | ||||||||
| Accounts payable and accrued expenses | $ | 906,394 | $ | 572,297 | ||||
| Accrued bonuses | 570,000 | – | ||||||
| Accrued contract loss provision | 1,000,000 | 500,000 | ||||||
| Accrued legal settlement | 335,000 | 135,000 | ||||||
| Unearned revenue | 197,683 | 130,000 | ||||||
| Operating lease liability | 101,320 | – | ||||||
| Other liabilities | 17,279 | 36,787 | ||||||
| Total Current Liabilities | 3,127,676 | 1,374,084 | ||||||
| Unearned revenue, less current portion | 30,000 | – | ||||||
| Operating lease liability, less current portion | 551,376 | – | ||||||
| Total Long-term Liabilities | 581,376 | – | ||||||
| Total Liabilities | 3,709,052 | 1,374,084 | ||||||
| Stockholders’ Equity | ||||||||
| Preferred Stock: 50,000,0000; 1,000,000 Designated as Convertible Series D preferred shares authorized; par value | – | – | ||||||
| Common stock: 200,000,000 common shares authorized, par value | 14,429 | 13,266 | ||||||
| Additional paid-in capital | 43,845,499 | 30,684,943 | ||||||
| Accumulated deficit | (28,387,618 | ) | (15,953,504 | ) | ||||
| Accumulated other income | 2,471 | 2,471 | ||||||
| Total Stockholders' Equity | 15,474,781 | 14,747,176 | ||||||
| Total Liabilities & Stockholders’ Equity | $ | 19,183,833 | $ | 16,121,260 | ||||
| 374 Water Inc. and Subsidiaries | ||||||||
| Consolidated Statements of Operations | ||||||||
| For the Years Ended December 31, 2024 and 2023 | ||||||||
| 2024 | 2023 | |||||||
| Revenues | $ | 445,445 | 743,952 | |||||
| Cost of revenues | (1,358,152 | ) | (1,852,208 | ) | ||||
| Gross Margin | (912,707 | ) | (1,108,256 | ) | ||||
| Operating Expenses | ||||||||
| Research and development | 2,143,471 | 1,496,129 | ||||||
| Compensation and related expenses | 3,685,007 | 2,854,494 | ||||||
| Professional fees | 2,231,005 | 508,795 | ||||||
| General and administrative | 3,831,068 | 2,675,202 | ||||||
| Total Operating Expenses | 11,890,551 | 7,534,620 | ||||||
| Loss from Operations | (12,803,258 | ) | (8,642,876 | ) | ||||
| Other Income | ||||||||
| Interest income | 281,117 | 446,669 | ||||||
| Other income | 88,027 | 92,685 | ||||||
| Total Other Income | 369,144 | 539,354 | ||||||
| Net Loss before Income Taxes | (12,434,114 | ) | (8,103,522 | ) | ||||
| Provision for Income Taxes | – | – | ||||||
| Net Loss before Income Taxes | $ | (12,434,114 | ) | $ | (8,103,522 | ) | ||
| Other comprehensive loss | ||||||||
| Foreign currency translation | – | 2,799 | ||||||
| Total other comprehensive loss | – | 2,799 | ||||||
| Total comprehensive loss | $ | (12,434,114 | ) | $ | (8,100,723 | ) | ||
| Net Loss per Share – Basic and Diluted | $ | (0.09 | ) | $ | (0.06 | ) | ||
| Weighted Average Common Shares Outstanding – Basic and Diluted | 134,491,348 | 130,367,662 | ||||||
| 374 Water Inc. and Subsidiaries | ||||||||
| Consolidated Statements of Cash Flows | ||||||||
| For the Years Ended December 31, 2024 and 2023 | ||||||||
| 2024 | 2023 | |||||||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||
| Net loss | $ | (12,434,114 | ) | $ | (8,103,522 | ) | ||
| Adjustments to reconcile net loss to net cash used in operating activities | ||||||||
| Depreciation and amortization | 226,039 | 85,816 | ||||||
| Non-cash lease expense | 35,450 | – | ||||||
| Issuance of common stock for services | 383,879 | 71,200 | ||||||
| Stock-based compensation | 1,215,624 | 925,181 | ||||||
| Gain on legal settlement | (22,303 | ) | – | |||||
| Inventory reserve | 50,000 | – | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | (204,941 | ) | (64,792 | ) | ||||
| Other accounts receivable | (4,137 | ) | (39,749 | ) | ||||
| Unbilled accounts receivable | (158,454 | ) | (576,389 | ) | ||||
| Inventory | (1,294,081 | ) | (615,967 | ) | ||||
| Contract assets | (136,651 | ) | – | |||||
| Prepaid expenses | 149,673 | (427,630 | ) | |||||
| Other assets | (20,847 | ) | – | |||||
| Accounts payable and accrued expenses | 215,721 | (877,285 | ) | |||||
| Accrued bonuses | 570,000 | – | ||||||
| Accrued contract loss provision | 500,000 | 500,000 | ||||||
| Accrued legal settlement | 335,000 | 135,000 | ||||||
| Unearned revenue | 97,683 | (70,109 | ) | |||||
| Other liabilities | (19,508 | ) | 23,259 | |||||
| Operating lease liability | (73,768 | ) | – | |||||
| Net cash used in operating activities | (10,589,735 | ) | (9,034,987 | ) | ||||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
| Purchases of property and equipment | (554,942 | ) | (105,990 | ) | ||||
| Increase in intangible assets | (98,602 | ) | (5,725 | ) | ||||
| Proceeds from the sale of investments | – | 1,963,432 | ||||||
| Net cash (used in) provided by investing activities | (653,544 | ) | 1,851,717 | |||||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
| Proceeds from the exercise of options and warrants | 60,000 | 137,500 | ||||||
| Net proceeds from the sale of common stock | 11,389,519 | 13,441,438 | ||||||
| Net cash provided by financing activities | 11,449,519 | 13,578,938 | ||||||
| Effect of exchange rates on cash | – | 2,799 | ||||||
| Net increase in cash | 206,240 | 6,398,467 | ||||||
| Cash and cash equivalents, beginning of year | 10,445,404 | 4,046,937 | ||||||
| Cash and cash equivalents, end of year | $ | 10,651,644 | $ | 10,445,404 | ||||
| Supplemental cash flow disclosures | ||||||||
| Cash paid for interest | $ | – | $ | – | ||||
| Cash paid for taxes | $ | – | $ | – | ||||
| Supplemental disclosure operating, investing and financing activities | ||||||||
| Amortization of unrealized loss into interest income as yield adjustment | $ | – | $ | 18,968 | ||||
| Cashless stock option exercises | $ | 100 | $ | – | ||||
| Equipment purchase in accounts payable | $ | 118,376 | $ | – | ||||
| Initial right-of-use asset and liability | $ | 726,464 | $ | – | ||||
| Reclassification of inventory to property and equipment | $ | 1,819,284 | $ | – | ||||
| Transfers of investments securities from AFS to HTM | $ | – | $ | 1,963,432 | ||||
FAQ
What were 374Water's (SCWO) revenue and losses for full year 2024?
What is the size of the AFFF destruction contract 374Water (SCWO) received from North Carolina?
How much cash does 374Water (SCWO) have as of December 31, 2024?
What are 374Water's (SCWO) major deployment plans for 2025?
