Wayne Tupuola: Yes. When you look at some of our product lines, they’re quite strategic and customized to fit our customers’ needs from the Class IV open beam system that is strategic and also helps them to transition from the open process of sandblasting, it could mimic that. But eventually, we want to transition the customers from the open beam system to the Class I enclosing, which is why we took the Titan FX large format design to market so that it can offer upbuild those safety features. Nonetheless, the platform open beam system does have its space in some environments, such as nuclear decommissioning of the nuclear facilities because it does require open beam systems to decontaminate some of the materials that they’re trying to clean out there.
But the major manufacturing processes involve the assembly, the calibration of the optics on the delivery systems, strategically replacing the optics and assemblies and also software implementation. We also have communications between hardware and software that needs to be dialed in as well. So — and a host of other processes that they’re kind of help bring the CleanTech product line to fruition.
Brian Siegel: Okay. Great. Jade, can you help explain again exactly what the nonrecurring items were in Q1 and Q2 related to the stock issuance? And explain why — what exactly happened there?
Jade Barnwell: Sure. So during IPO process, we provided stock awards to one of the external party, the marketing form. The name is TraDigital Marketing Group. We provided the stock awards to be exercised. So at the end of ’22, so December 31, we reevaluated them based on the market price. And then March 31, we did it again because it was not issued and actually, it was issued on April 17. So when we evaluated in March, the stock price was higher than what we had in — on December 31 as our accrued expense in balance sheet. And then — and we actually issued on April, the price went down, so we had to revaluate and that gave us gain of $700,000. Does that answer your question?
Brian Siegel: Yes, I think so. And then what I believe is the last question. What are sales looking like for third quarter? What should we be expecting the company to report when it does third quarter earnings?
Wayne Tupuola: Yes. We have a $4.7 million pipeline for the third quarter. But again, trying to last all those purchase orders off the desk of the procurement department becomes challenging because they’re prioritizing according to how they see global trends and economic conditions. So that’s the frustration right there, Brian, is we’re taking it all the way as far as we can as a company. But again, it’s stuck in the hands off of the decision-makers releasing the purchase orders, but we do have a positive feedback from our customers saying that there’s a possibility that these purchase orders will be released soon, procedures are being written and completed. Other departments within these organizations are starting to inquire about new systems. And all of these take time. So I think the third quarter looks bright for us. And hopefully, we’ll be able to surpass first and second quarter results.
Brian Siegel: Okay. And then one more question just came in. How many people have you added to the company so far this year?
Wayne Tupuola: We’ve added 21 employees. So last year, we had — we ended 2022 with 19 employees. So now we’ve added 21 and still looking to fill positions as well. It’s quite challenging for us at the executive out to find people that are strategic and understand how to move the company forward. So this becomes a challenge for us in finding the executives that can help us grow the company as well.
Brian Siegel: Okay. I think that’s it.
Wayne Tupuola: Okay. Thank you, Brian.
Operator: Okay. We’ve reached the end of our question-and-answer session, and this concludes today’s conference. Thank you for your participation. You may disconnect your lines at this time.
