Note 14 - Subsequent Events
|6 Months Ended|
Jun. 30, 2021
|Notes to Financial Statements|
|Subsequent Events [Text Block]||
14. Subsequent Events
The Company has evaluated subsequent events through the date which the condensed consolidated financial statements were available to be issued.
License and Equipment Supply Agreement
On July 1, 2021, the Company signed a Letter of Intent with ACME Metal Enterprise Co., Ltd. (ACME) to deploy and license AquaRefining equipment at its facility in Keelung, Taiwan. On July 28, 2021, the Company signed a definitive agreement with ACME to deploy and license AquaRefining equipment at its facility in Keelung, Taiwan.
Subsequent to quarter end, the Company and the insurance carriers agreed on a payment of an additional $5.25 million. This payment represents the final expected payment from insurance bringing the total collected from insurance to approximately $30.25 million.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef