SCWO

One customer — 95% of receivables (March 31, 2026)

“At March 31, 2026, one customer comprised approximately 95% of our consolidated accounts receivable (which is also reflected in unearned revenue).”

One customer — 88% of revenue (the three months ended March 31, 2026)

“For the three months ended March 31, 2026, we generated approximately 88% of our total consolidated revenues from one customer.”

2 customers — 74% of receivables (December 31, 2025)

“At December 31, 2025, our consolidated accounts receivable comprised approximately 74% and 10% outstanding with two customers, respectively.”

2 customers — 69% of revenue (the three months ended March 31, 2025)

“For the three months ended March 31, 2025, we generated approximately 69% and 25% of our consolidated revenues with two customers, respectively.”

2 customers — 25% of revenue (the three months ended March 31, 2025)

“For the three months ended March 31, 2025, we generated approximately 69% and 25% of our consolidated revenues with two customers, respectively.”

2 customers — 10% of receivables (December 31, 2025)

“At December 31, 2025, our consolidated accounts receivable comprised approximately 74% and 10% outstanding with two customers, respectively.”