SCWO · 374Water Inc. · Executive Compensation
Substantial doubt about the company's ability to continue as a going concern.
“These conditions raise substantial doubt regarding our ability to continue as a going concern.”View the 10-Q filed Aug 14, 2026
One customer — 88% of revenue (the three months ended June 30, 2026)
“For the three and six months ended June 30, 2026, we generated approximately 88% of our total consolidated revenues from one customer and two customers, respectively.”
2 customers — 88% of revenue (the six months ended June 30, 2026)
“For the three and six months ended June 30, 2026, we generated approximately 88% of our total consolidated revenues from one customer and two customers, respectively.”
3 customers — 94% of revenue (the three months ended June 30, 2025)
“For the three and six months ended June 30, 2025, we generated approximately 94% and 78% of our consolidated revenues with three customers, respectively.”
3 customers — 78% of revenue (the six months ended June 30, 2025)
“For the three and six months ended June 30, 2025, we generated approximately 94% and 78% of our consolidated revenues with three customers, respectively.”
One customer — 100% of receivables (June 30, 2026)
“At June 30, 2026, one customer comprised approximately 82% and 100% of our consolidated accounts receivable and unbilled accounts receivable, respectively.”
One customer — 82% of receivables (June 30, 2026)
“At June 30, 2026, one customer comprised approximately 82% and 100% of our consolidated accounts receivable and unbilled accounts receivable, respectively.”
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 — 10% of receivables (December 31, 2025)
“At December 31, 2025, our consolidated accounts receivable comprised approximately 74% and 10% outstanding with two customers, respectively.”
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
| Executive | Role | Total |
|---|---|---|
| Stephen Jones | Interim Chief Executive Officer | $1,399,668 |
| Christian Gannon | Chief Executive Officer | $1,271,875 |
| Brad I. Meyers | Chief Operating Officer | $800,500 |
| Peter Mandel | General Counsel | $727,500 |
| Russell Kline | Chief Financial Officer | $708,000 |
| Executive | Role | Total |
|---|---|---|
| Christian Gannon | Chief Executive Officer | $7,508,321 |
| Christian M. Gannon | CEO | $7,508,321 |
| Peter Mandel | General Counsel | $993,414 |
| Brad I. Meyers | Chief Operating Officer | $847,035 |
| Russell Kline | Chief Financial Officer | — |
| Stephen Jones | Interim Chief Executive Officer | — |
| Executive | Role | Total |
|---|---|---|
| Brad I. Meyers | Chief Operating Officer | $284,497 |
| Jeffrey Quick | Former Interim Chief Executive Officer | $80,000 |
| Christian M. Gannon | CEO | — |
| Peter Mandel | General Counsel | — |
| Christian Gannon | Chief Executive Officer | — |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Adrienne Anderson | Interim Chief Financial Officer | Resigned | 2026-07-08 |
| Charles Weiser | Chief Financial Officer | Appointed | 2026-07-08 |
| Richard H. Davis | member of the Company’s Board of Directors | Appointed | 2026-04-15 |
| Russell Kline | Chief Financial Officer | Terminated | 2026-03-06 |
| Adrienne Anderson | principal accounting officer | Appointed | 2026-03-06 |
| Adrienne Anderson | Interim Chief Financial Officer | Appointed | 2026-03-06 |
| Stephen Jones | Interim President and Chief Executive Officer | Resigned | 2026-02-24 |
| Danny Bogar | President and Chief Executive Officer | Appointed | 2026-02-24 |
| Stephen McKnight | Board | Appointed | 2026-02-09 |
| James Vanderhider | member of the Board | Resigned | 2026-02-09 |
| Stephen J. Jones | member of the Board of Directors | Resigned | 2026-01-23 |
| Bradley Freels | the Board | Appointed | 2026-01-08 |
| Buddie Joe Penn | member of the Board of Directors | Resigned | 2026-01-08 |
| Charles Weiser | Board of Directors | Appointed | 2026-01-05 |
| Stephen J. Jones | Interim President and Chief Executive Officer | Appointed | 2025-10-14 |
| Peter Mandel | General Counsel | Resigned | 2025-10-14 |
| Christian Gannon | Director | Resigned | 2025-10-14 |
| Christian Gannon | President and Chief Executive Officer | Resigned | 2025-10-14 |
| James M. Vanderhider | director | Appointed | 2025-06-17 |
| Buddie Joe (BJ) Penn | director | Appointed | 2025-06-17 |
| Deanna Rene Estes | director | Appointed | 2025-06-17 |
| Stephen Jones | director | Appointed | 2025-06-17 |
| Marc Deshusses | director | Appointed | 2025-06-17 |
| Christian Gannon | director | Appointed | 2025-06-17 |
| Stephen Jones | Board of Directors | Appointed | 2025-04-17 |