LiqTech International Inc 2026年季度报告

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes☐No☒ As ofMay 12, 2026, there were9,947,841shares of Common Stock, $0.001 par value per share, outstanding. TABLE OF CONTENTS PagePART I. FINANCIAL INFORMATION5Item 1. Financial Statements5Condensed Consolidated Balance Sheets as of March 31, 2026(unaudited) and December 31, 20255Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2026and March 31, 2025(unaudited)7Condensed Consolidated Statements of Comprehensive Loss for the Three Months Ended March 31, 2026 and March 31,2025 (unaudited)8Condensed Consolidated Statements of Stockholders’Equity for the Three Months ended March 31, 2026and March 31,2025 (unaudited)9Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and March 31,2025(unaudited)11Notes to Condensed Consolidated Financial Statements (unaudited)13Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations23Item 3. Quantitative and Qualitative Disclosures About Market Risk27Item 4. Controls and Procedures28PART II. OTHER INFORMATION29Item 1. Legal Proceedings29Item 1A. Risk Factors29Item 2. Unregistered Sales of Equity Securities and Use of Proceeds29Item 3. Defaults Upon Senior Securities29Item 4. Mine Safety Disclosures29Item 5. Other Information29Item 6. Exhibits30SIGNATURES32 FORWARD-LOOKING STATEMENTS Certain statements made in this Quarterly Report on Form 10-Q are “forward-looking statements” regarding the plans andobjectives of management for future operations and market trends and expectations. Such statements involve known and unknownrisks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties.Our plans and objectives are based, in part, on assumptions involving the continued expansion of our business. Assumptionsrelating to the foregoing involve judgments with respect to, among other things, future political, legislative, economic, competitiveand market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many ofwhich are beyond our control.This is especially underlined by the potential impacts from the prevailing macro-economicuncertainty on the Company, including the related effects to our business operations, results of operations, cash flows, and financial Forward-looking statements include, but are not limited to, statements concerning: ●Our expectations regarding our liquidity, cash flows and uses of cash and ability to continue as a going concern; ● The potential adverse effects on our operations and financial performance from armed conflicts or geopolitical tensions; ● The potential adverse impact of global trade restrictions, tariffs and geopolitical tensions on our business and supply chain; ● Thepotentialnegativeimpactofprolongedenergymarketvolatilityandsupplydisruptionsonourbusiness; ● Thepotentialadverseimpactofhealthcrises,pandemics,andpublichealthemergenciesonourbusiness,financialcondition,andoperations; ● Our dependence on a few major customers and the ability to maintain future relationships with one or more of these majorcustomers; ● Our ability to operate with financial stability and secure access to external financing and adequate liquidity; ● Our ability to secure and source supplies of raw materials and key components in due time and at competitive prices; ● Our ability to achieve revenue growth and penetrate new markets; ● Ourdependenceontheexpertiseandexperienceofourmanagementteamandtheretentionofkeyemployees; ● Our reliance and access to qualified personnel to expand our business; ● Our ability to adapt to potentially adverse changes in legislative, regulatory a