Tue, Apr 15, 4:40 PM (12 days ago)
**Clean Vision Corporation (CLNV) - Annual Report Summary** **Company Overview:** Clean Vision Corporation (CLNV) is a new entrant in the clean energy and waste-to-energy industries, focusing on clean technology and sustainability opportunities. The company aims to solve the plastic waste problem by recycling waste and converting it into saleable byproducts such as hydrogen and other clean-burning fuels using pyrolysis technology. **Financial Performance (2024):** - **Revenue:** $231,040, primarily from the sale of commodities (pyrolysis services and byproducts) in Morocco. - **Cost of Revenue:** $11,431. - **Gross Margin:** $219,609. - **Operating Expenses:** $7,528,627, including consulting, advertising, development, professional fees, payroll, and general administration. - **Net Loss:** $14,003,195. - **Cash Flow from Operating Activities:** -$4,867,764. - **Cash Flow from Investing Activities:** -$132,877. - **Cash Flow from Financing Activities:** $5,943,039. **Strategic Overview:** - **Technology:** Uses pyrolysis to convert plastic waste into clean fuels, hydrogen, and carbon char. - **Revenue Streams:** Service revenue, commodity sales, environmental credits, and equipment sales. - **Market Position:** Focuses on plastic waste-to-value projects in Morocco, India, West Virginia, Arizona, Massachusetts, Michigan, Puerto Rico, France, Turkey, and Sri Lanka. **Future Outlook:** - **Expansion Plans:** Plans to establish Plastic Conversion Network (PCN) facilities strategically located near feedstock sources. - **Environmental Credits:** Aims to aggregate and sell environmental credits to offset fossil fuel use. - **Market Opportunity:** Believes in significant growth in clean energy and sustainable products and services. **Risk Factors:** - **Competition:** High competition in the clean energy and waste-to-value industries. - **Feedstock Supply:** Potential competition for plastic resources. - **Regulatory Risks:** Subject to extensive federal and state laws and regulations. **Financial Condition:** - **Liquidity:** Funded operations through equity and debt securities; not profitable with limited revenue and an accumulated deficit of $48,835,095 as of December 31, 2024. - **Debt:** Significant convertible notes payable with high-interest rates and penalties. **Market Position Changes:** - **Stock Performance:** Quoted on the OTCQB Market under the symbol "CLNV" with a last reported sale price of $0.0181 per share as of December 31, 2024. - **Shareholders:** Approximately 171 stockholders of record as of December 31, 2024. **Legal Proceedings:** - **Tucker Litigation:** Ongoing dispute with Leonard Tucker, LLC, regarding the issuance of common stock. - **Trillium Litigation:** Lawsuit by Trillium Partners, L.P. alleging default on a convertible promissory note. **Management and Governance:** - **Executive Compensation:** Significant stock-based compensation and bonuses for key executives. - **Board Composition:** Includes experienced individuals in renewable energy, government policy, and public company management. **Conclusion:** Clean Vision Corporation is focusing on innovative solutions to plastic waste management through clean energy technologies. Despite financial challenges and legal disputes, the company aims to expand its operations and capitalize on the growing market for sustainable products and services.