OriginClear, Inc. Auditor Raises 'Going Concern' Doubt

OriginClear, Inc. is a water technology company. The Company is engaged in designing, engineering, manufacturing and distribution of water treatment solutions for commercial, industrial, and municipal end markets. The Company conducts business, through its subsidiary, Water on Demand, Inc. (WODI). WODI is composed of three operating units, Modular Water Systems (MWS), Progressive Water Treatment (PWT), and Water on Demand (WOD). MWS houses a worldwide, exclusive master license to the intellectual property, consisting of five patents and related intellectual property, know-how and trade secrets (Early IP). PWT specializes in engineered water treatment solutions and custom treatment systems. WOD is an incubation of the Company which is focused on offering private businesses water self-sustainability as a service-the ability to pay for water treatment and purification services on a per-gallon basis. In addition, PWT rents equipment in contracts of varying duration.