Commitments and Contingencies

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies [Abstract]

Commitments and Contingencies

13. Commitments and Contingencies

Facility Rental

The Company’s subsidiary, PWT, leases a 21,300 square foot facility at 5225 W Houston, Sherman, TX 75092. As of September 30, 2024, the monthly rent is $13,313.

Warranty Reserve

PWT provides a warranty on its projects, generally covering defects in materials and workmanship for one year from the project’s completion date. Certain components of construction may have warranties extending beyond one year. The Company maintains insurance policies deemed sufficient by management to cover potential warranty claims. A warranty reserve of $20,000 has been established for the nine months ending September 30, 2024 and the year ending December 31, 2023, based on historical data and management’s assessment.

Litigation

There are no material updates to the litigation matters with Process Solutions, Inc. as previously disclosed in the Form 10-K filed on April 18, 2024.