v3.26.1
Noncontrolling Interest
3 Months Ended
Mar. 31, 2026
Noncontrolling Interest  
Noncontrolling Interest

6.

Noncontrolling Interest

 

WODI is a majority owned subsidiary of OriginClear, which holds approximately 53.43% of the voting equity as of March 31, 2026. The remaining 46.57% is held by unaffiliated third-party investors as noncontrolling interest in the condensed consolidated financial statements.

 

The condensed consolidated financial statements include the assets, liabilities, revenues, expenses, and cashflows of WODI, with elimination of intercompany transactions between OCLN and WODI. The equity section of the condensed consolidated balance sheet includes a component for noncontrolling interest, representing the minority shareholders’ proportionate share of WODI’s net assets.

 

The following table summarizes the changes in noncontrolling interest for the three months ended March 31, 2026:

 

 

 

As of

March 31,

 

Description

 

2026

 

Beginning noncontrolling interest

 

$1,725,698

 

Net income (loss) attributive to NCI

 

 

211,910

 

Ending noncontrolling interest

 

$1,937,608