Revenue Performance - For the three months ended March 31, 2022, total revenue was $3,637,236, a decrease of 9% compared to $3,997,877 for the same period in 2021[51]. - Total consolidated revenue for the three months ended March 31, 2022, was $3,637,236, a decrease of $360,641 or 9% compared to $3,997,877 in 2021[121]. - The sales by product line indicated that diesel particulate filters accounted for 52% of total revenue, while liquid filters and systems contributed 16%[52]. Geographic Distribution - Revenue distribution by geographical region showed Europe at 73%, Asia at 22%, North America at 4%, and Australia at 1% for Q1 2022[51]. Financial Position - As of March 31, 2022, total consolidated assets were $40,431,224, a decrease from $45,054,692 as of December 31, 2021[111]. - The company held $1,899,255 in restricted cash as of March 31, 2022, down from $2,125,695 at the end of 2021[36]. - As of March 31, 2022, the company had cash of $11,227,061 and net working capital of $5,158,696, a decrease of $6,040,563 compared to December 31, 2021[131]. Loss and Expenses - As of March 31, 2022, the company recognized a net loss of $3,746,424 compared to a net loss of $2,459,429 for the same period in 2021[91]. - The net loss for the three months ended March 31, 2022, was $(3,746,424), an increase of $1,286,995 or 52.3% compared to $(2,459,429) in 2021[127]. - Total operating expenses for the three months ended March 31, 2022, were $3,579,202, an increase of $657,427 or 22.5% compared to $2,921,775 in 2021[123]. Research and Development - Research and development costs for the three-month period ended March 31, 2022, were $602,737, up 38% from $437,607 in the same period of 2021[59]. - Research and development expenses for the three months ended March 31, 2022, were $602,737, an increase of $165,130 or 38% compared to $437,607 in 2021[125]. Cash Flow - Cash used in operating activities for the three months ended March 31, 2022 was $(5,034,944), representing an increase of $3,731,054 compared to $(1,303,890) for the same period in 2021[138]. - Net cash used in investing activities was $(183,031) for the three months ended March 31, 2022, compared to $(414,875) for the same period in 2021, indicating an increase of $231,844[139]. - Cash used from financing activities was $(931,807) for the three months ended March 31, 2022, compared to $(101,192) for the same period in 2021, representing an increase of $830,615[140]. Liabilities and Debt - Operating lease liabilities totaled $6,744,609 as of March 31, 2022, down from $7,000,608 as of December 31, 2021, indicating a decrease of 3.7%[74]. - The company issued a $15.0 million principal amount senior convertible note, with a maturity date of October 1, 2023, and an interest rate of 5% per annum[76][78]. - The company recognized interest of $187,500 for the convertible note for the three months ended March 31, 2022, compared to $0 in 2021[81]. Inventory and Assets - Net inventory increased to $5,809,602 as of March 31, 2022, compared to $5,421,027 as of December 31, 2021, reflecting a rise of 7.2%[71]. - The allowance for doubtful accounts decreased from $409,076 at the end of 2021 to $312,677 by March 31, 2022, reflecting a reduction in bad debt expense[39]. - Contract assets increased to $2,437,924 as of March 31, 2022, from $1,906,510 as of December 31, 2021, representing a growth of 28%[58]. Operational Changes - In April 2022, the company re-aligned its corporate management structure, resulting in a reduction of headcount and labor costs by approximately 25%[112]. - The company is planning to establish a joint venture to supply and operate water treatment systems for oil and gas producers in the Middle East, holding 49% of the shares[82]. Warranty and Claims - The balance of warranty liabilities decreased from $962,313 as of December 31, 2021, to $942,349 as of March 31, 2022[88]. - The company settled a claim for DKK 400,000 ($59,700) related to a lawsuit with a former supplier during the period ending March 31, 2022[84].

Financial Performance - The company reported a net loss, raising substantial doubt about its ability to continue as a going concern[204]. - Total revenue for the year ended December 31, 2021, was $18,273,442, a decrease of 18.5% from $22,526,201 in 2020[222]. - Gross profit for 2021 was $1,576,146, down 26.6% from $2,146,682 in 2020[222]. - The net loss for 2021 was $11,126,960, compared to a net loss of $9,808,360 in 2020, representing a 13.4% increase in losses[224]. - Total comprehensive loss for 2021 was $13,056,289, compared to $6,687,871 in 2020, indicating a significant increase in overall losses[224]. - Cash used in operating activities for 2021 was $7,203,843, significantly higher than $2,598,865 used in 2020, indicating a deterioration in cash flow from operations[231]. - The company recorded a total consolidated loss of $11,126,960 in 2021, compared to a loss of $9,808,360 in 2020, reflecting an increase in losses[340]. Revenue Breakdown - North America contributed 17% of total sales in 2021, with revenue of $3,121,797, while Europe accounted for 58% with revenue of $10,493,574, down from $17,973,628 in 2020[265]. - Liquid filters and systems accounted for 39% of total sales in 2021, generating $7,196,465, down from $14,147,842 in 2020[265]. - Diesel particulate filters also represented 39% of total sales, with revenue increasing to $7,183,868 in 2021 from $5,131,891 in 2020[265]. - The Water segment generated revenues of $7,196,465 in 2021, down from $13,615,904 in 2020, representing a decline of 47.3%[338]. - The Ceramics segment saw an increase in revenues to $7,183,868 in 2021, up 27% from $5,663,830 in 2020[338]. - The Plastics segment reported revenues of $3,615,681 in 2021, an increase of 36.5% compared to $2,647,366 in 2020[338]. Assets and Liabilities - Total current assets increased to $28,066,781 as of December 31, 2021, compared to $25,654,926 in 2020, reflecting a growth of 9.3%[216]. - Total liabilities rose significantly to $32,279,832 in 2021, up from $17,391,822 in 2020, marking an increase of 85.5%[219]. - Total assets as of December 31, 2021, were $45,054,692, an increase from $42,210,137 in 2020[342]. - The company recorded operating lease liabilities totaling $7,000,608 as of December 31, 2021, with a weighted average remaining lease term of 8.9 years[293]. Cash Flow and Financing - Total cash provided by financing activities in 2021 was $13,902,999, compared to $7,216,902 in 2020, reflecting a 92.5% increase in financing inflows[231]. - Cash, cash equivalents, and restricted cash at the end of 2021 totaled $17,489,380, up from $13,264,449 at the end of 2020, marking a 31.5% increase[231]. - As of December 31, 2021, the company recorded $2,125,695 as restricted cash and $15,363,685 as unrestricted cash, totaling $17,489,380 in cash, cash equivalents, and restricted cash[284]. Research and Development - Research and development expenses increased to $1,862,653 in 2021, up 45.6% from $1,278,331 in 2020[222]. - Research and development costs increased to $1,862,653 in 2021 from $1,278,331 in 2020, reflecting a focus on new product development[272]. Customer Dependency and Risks - The company is dependent on a few major customers for a significant portion of its revenue, which poses risks to its financial condition[12]. - The anticipated impacts from the COVID-19 pandemic have affected the company's business operations, results, cash flows, and financial position[11]. - The company may face potential adverse effects from changes in China's political, social, regulatory, or economic environments[12]. - The company has faced challenges due to COVID-19, impacting its financial results and operational capacity, with ongoing cash flow concerns for the next 12 months[248]. Stock and Equity - Basic and diluted loss per share for 2021 was $(0.52), compared to $(0.46) in 2020[222]. - Total stockholders' equity decreased to $12,774,860 in 2021 from $24,818,315 in 2020, a decline of 48.6%[219]. - The company had 149,636 stock grants and 1,015,000 prefunded warrants outstanding as of December 31, 2021[319]. - The company has 100,000,000 authorized shares of common stock, with 21,285,706 shares issued and outstanding as of December 31, 2021[320]. Accounting and Compliance - The company adopted several accounting standards updates, including ASU 2020-03 and ASU 2019-12, with no material impact on consolidated financial statements expected[281][282]. - The company incurred significant estimates and assumptions in determining standard costing allocation and overhead allocations[210]. - The company evaluates goodwill annually for impairment, with the fair value determined using discounted cash flow and market approaches[264]. Future Plans and Developments - The company has plans for future operations and market trends, but these involve numerous risks and uncertainties[15]. - The company plans to establish a joint venture for water treatment systems in the Middle East, holding 49% of the shares[304]. - The company has received long-term contracts for government grants for the development of silicon carbide membranes, indicating ongoing market expansion efforts[269].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the nine month period ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to _______________________ Commission File Number: 001-36210 LiqTech International, Inc. (Exact name of registr ...

LiqTech International, Inc. (NASDAQ:LIQT) Q3 2021 Earnings Conference Call November 11, 2021 9:00 AM ET Company Participants Robert Blum - Lytham Partners Sune Mathiesen - CEO & Director Conference Call Participants Robert Brown - Lake Street Capital Markets Jeb Armstrong - Clear Harbor Asset Management Craig Rose - Axiom Operator Good morning, everyone, and welcome to the LiqTech International Reports Third Quarter Fiscal Year 2021 Financial Results Conference Call. [Operator Instructions]. Please also not ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.20549 FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) For the transition period from _______________________ to _______________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36210 For the six month period ended June 30, 2021 LiqTech International, Inc. (Exact name of registrant as sp ...

LiqTech International, Inc. (NASDAQ:LIQT) Q2 2021 Earnings Conference Call August 16, 2021 9:00 AM ET Company Participants Robert Blum - Investor Relations Sune Mathiesen - Chief Executive Officer Conference Call Participants Rob Brown - Lake Street Capital Markets Liam Burke - B. Riley FBR Roger Liddell - Clear Harbor Operator Good morning and welcome to the LiqTech International Second Quarter Fiscal Year 2021 Financial Results Conference Call. [Operator Instructions] Please note this event is being recor ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the three months period ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-36210 LiqTech International, Inc. (Exact name of registrant as specified in ...

LiqTech International, Inc. (NASDAQ:LIQT) Q1 2021 Earnings Conference Call May 12, 2021 9:00 AM ET Company Participants Robert Blum – Managing Partner-Lytham Partners Sune Mathiesen – Chief Executive Officer Conference Call Participants Eric Stine – Craig-Hallum Cameron Lochridge – Stephens Inc Rob Brown – Lake Street Capital Markets Liam Burke – B. Riley Jeb Armstrong – Clear Harbor Asset Management Rodney Hathaway – 1492 Capital Market Operator Good morning, and welcome to LiqTech International Reports Fi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36210 LiqTech International, Inc. (Exact name of registrant as specified in its charter) Nevada 20-1431677 (State or other jurisdiction of incorporation or organi ...

LiqTech International, Inc. (NASDAQ:LIQT) Q4 2020 Results Conference Call March 25, 2021 9:00 AM ET Company Participants Robert Blum - Managing Partner, Lytham Partners Sune Mathiesen - CEO Conference Call Participants Eric Stine - Craig-Hallum Rob Brown - Lake Street Capital Markets Cameron Lochridge - Stephens Incorporated Liam Burke - B. Riley Dennis LaValle - Lantern Operator Good day, and welcome to LiqTech International Reports its Fourth Quarter and Fiscal Year 2020 Financial Results. All participant ...