Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Solutions
• Waste Management
• Renewable Energy

Environmental Achievements

• Sale of three CoronaLux™ units in 2017 generating $600,000 in revenue.
• Increased media replacement sales and long-term contract revenues in the environmental solutions segment.

Social Achievements

• Emphasis on comprehensive training programs for employees, including ongoing mandatory refresher programs and safety bonus programs.
• Efforts to ensure employee health and safety formally recognized by customers and the Colorado Department of Labor and Employment.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Recurring losses and accumulated deficit of approximately $21.5 million as of December 31, 2017.
• Negative working capital of approximately $5.2 million at December 31, 2017.
• Loss of a significant customer resulting in approximately $2.5 million in lost revenue in 2016.
• Outstanding balance due to the IRS for past due payroll taxes of $997,700 as of December 31, 2017.
• Impairment of Paragon CoronaLux™ waste destruction units.

Mitigation Strategies

• Focus on developing organic growth in operating companies and improving gross and net margins through pricing, cost management, and overhead reductions.
• Increased business development efforts to address opportunities in expanding domestic markets due to emission control regulations and demand for energy conservation and renewable energies.
• Evaluation of various forms of financing.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• CoronaLux™ waste destruction units
• Biogas conditioning solutions for renewable natural gas production
• Odor control systems
• Natural gas vapor capture systems

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental compliance
• Renewable energy
• Waste minimization/management

Environmental Achievements

• Reduced product costs by 22% due to increased recurring product sales and commencement of PelleChar activity.

Social Achievements

• Employee safety programs formally recognized by customers and the Colorado Department of Labor and Employment.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Recurring losses and accumulated deficit of approximately $27 million as of December 31, 2019.
• Negative working capital of approximately $7 million as of December 31, 2019.
• Significant customer concentration, with two customers accounting for over 23% of total revenue in 2019.
• Material weaknesses in internal control over financial reporting.
• Substantial indebtedness.

Mitigation Strategies

• Focusing on developing organic growth, diversifying customer base, improving margins through pricing and cost management, discontinuing low-margin business lines.
• Increasing business development efforts to address opportunities in expanding domestic markets.
• Evaluating various forms of financing.
• Working to remediate material weaknesses in internal control over financial reporting.
• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• CoronaLux™ waste destruction units
• Biogas conditioning solutions
• Odor control systems
• Natural gas vapor capture systems
• Chemical absorbents
• Biochar Now pellets

Awards & Recognition

• Not disclosed

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Recurring losses and accumulated deficit of approximately $29.4 million as of December 31, 2021.
• Working capital deficit of approximately $7.5 million as of December 31, 2021.
• Extensive governmental regulation.
• Significant customer concentration.
• Aggressive pricing by competitors.
• Adverse economic conditions affecting customers.
• Potential environmental liabilities.
• Material weaknesses in internal control over financial reporting.
• Operational and safety risks.

Mitigation Strategies

• Focusing on developing organic growth, diversifying customer base, improving margins through pricing and cost management.
• Licensing and selling CoronaLux™ waste destruction units.
• Increased business development efforts.
• Evaluating various forms of financing.
• Working to remediate material weaknesses in internal control.
• Maintaining adequate insurance coverages.
• Implementing new or improved technologies.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Pellechar10™ and Pellechar30™ organic fertilizer pellets

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Recurring losses and accumulated deficit of approximately $35.9 million as of September 30, 2024.
• Current liabilities exceeding current assets by approximately $13.1 million as of September 30, 2024.
• Dependence on generating additional revenue or obtaining adequate capital to fund operating losses until profitability.

Mitigation Strategies

• Focus on developing organic growth in operating companies and improving gross and net margins through increased attention to pricing, aggressive cost management, and overhead reductions.
• Increased business development efforts to address opportunities in expanding markets related to energy conservation and emission control regulations.
• Evaluation of various forms of financing.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Dry scrubber solutions (H2SPlus™, OdorFilter™)
• Biogas conditioning solutions for renewable natural gas (RNG)
• Patented waste destruction technology (CoronaLux™)
• Biochar production kilns and related equipment