Summary of Waste Energy Corp.

Business Overview

• Type: Early-stage waste-to-energy (WTE) company.
• Focus: Developing and implementing technologies to divert plastic and tire waste from landfills and convert them into usable energy sources.
• Core Technology: Specialized thermal conversion process (pyrolysis) operating in an oxygen-free environment to decompose waste at high temperatures without combustion.
• Primary Products:
  • Synthetic Diesel Fuel: Used in industrial and commercial applications.
  • Carbon Black: Used in tire manufacturing, coatings, and industrial applications.
  • Synthetic Gas (Syngas): Powers the company's systems and reduces reliance on external energy sources.
• Additional Revenue Opportunities:
  • Monetizing environmental credits such as carbon and plastic credits.
  • Licensing AI-based emissions monitoring technology to enhance emissions transparency and automate carbon credit creation.
  • Offering consulting services for waste management companies, landfill operators, and industry participants to optimize waste-to-energy processes.
  • Potential sales of proprietary equipment and licensing of intellectual property, including emerging AI emissions monitoring and credit creation technology.

Company Operations

• Current Status:
  • In early development phase.
  • Preparing to launch a pilot project processing up to 30 tons of waste per day.
  • Exploring additional feedstock opportunities, expanding processing capacity, and forming new industry partnerships.
• Business Strategy:
  • Focus on scaling operations domestically and internationally after pilot success.
  • Securing offtake agreements with fuel distributors and industrial buyers for product sales.
  • Developing a patent-pending AI technology for emissions and carbon credit management.

Customer and Market Details

• Number of Customers:
  • Discontinued operations in digital assets, movies, and NFTs; no current customers related to waste-to-energy.
  • As of 2024, no ongoing revenue streams.
  • In 2023, two customers accounted for over 10% of revenue:
    • $330,000 from consulting services.
    • $80,000 from movie distribution.
• Employees:
  • As of April 21, 2025, the company has two key executives:
    • Scott Gallagher (President)
    • Braden Glasbergen (Chief Financial Officer, Secretary, Treasurer)
  • No other employees; management handles all responsibilities; uses consultants as needed.
• Revenue & Income:
  • 2024:
    • No revenue generated from continued operations.
    • Operating expenses of approximately $1.19 million.
    • Net loss from operations: $1,194,310.
    • Total net loss attributable to Waste Energy: $2,880,147.
  • 2023:
    • No revenue from continued operations.
    • Operating expenses of approximately $2.36 million.
    • Net loss from operations: $2,361,048.
    • Total net loss attributable to Waste Energy: $5,650,103.
• Financial Position (as of December 31, 2024):
  • Total assets: $35,682.
  • Current assets mainly cash ($682) and accounts receivable ($35,000).
  • Total liabilities: $3,206,371, including notes payable, convertible notes, derivatives, and payables.
  • Shareholders’ equity (deficit): - $3,170,689.
• Market Listing:
  • Listed on OTCQB under symbol "WAST".
  • As of May 9, 2025, 138,036,826 shares of common stock issued and outstanding.
  • Market value of non-affiliate held shares: approximately $1.89 million.

Notable Strategic & Financial Details

• Focus shifted in 2024 from previous blockchain, media, and digital assets businesses to waste-to-energy.
• No ongoing revenue streams from waste energy as of the fiscal year 2024.
• Significant operating losses, with an accumulated deficit over $49.95 million.
• Cash balances are minimal, reflecting early-stage development.
• The company expects to need approximately $900,000 in the next year to fund operations, likely from equity or debt financing.

Summary

Waste Energy Corp. is an early-stage company primarily focusing on converting plastic and tire waste into energy products via thermal pyrolysis technology. It aims to generate revenue from product sales, environmental credits, licensing, and consulting. As of 2024, it has not yet commenced commercial operations or generated revenue, and it operates with a small management team. The company faces significant financial and operational challenges, including ongoing losses and a very low cash position, but it plans to expand its waste processing pilot and scale commercially.