General Enterprise Ventures, Inc. (GEVI) develops environmentally safe fire retardant products for wildfire defense and fire inhibition in the residential industry, operating mainly in 11 western US states.

# Company Summary: General Enterprise Ventures, Inc. (GEVI)

### Business Overview
- **Core Focus:**  
  - Environmentally sustainable flame retardant and flame suppression products for the **residential home industry** across the United States.
- **Technology & IP:**  
  - Holds 30 granted patents and 26 pending patents related to fire suppression, mapping, tracking of fire retardant dispersion, and fire inhibition chemistry.
  - Developed products include **CitroTech™** fire retardant, used in wildfire defense, and lumber treatment products to inhibit fire and mold.
  - Working on a coating to treat lumber during manufacturing.

### Products & Usage
- **Main Products:**  
  - **MFB31-CitroTech™:** Utilized in wildfire defense.
  - **MFB34-CitroTech™:** Used to treat lumber to inhibit fire and mold.
- **Product Application:**  
  - Homeowners and fire departments can spray wood framing proactively, sometimes remotely using installed systems, to prevent or slow wildfires.
  - Used around controlled burns and wildfire-prone zones to prevent expansion.

### Current Customer Base & Market
- **Customers:**  
  - Homeowners, developers, fire departments.
  - Operating in **11 western states**.
- **Customer Concentration:**  
  - Significant sales are concentrated with a few customers, with 63% of product sales coming from three main clients as per 2024 data.
- **Wildfire Insurance Market:**  
  - MFB installs **self-contained sprinkler systems** deploying CitroTech™ product.
  - Working with insurance companies to reduce wildfire risk for properties at the Wildland-Urban Interface zone (wildfire-prone areas).

### Revenue & Financials (2024)
- **Revenue:**  
  - Approx. **$808,372** for the year ending December 31, 2024.
  - Increased by 55% from $520,645 in 2023.
- **Income:**  
  - Net loss of **$6,881,722** in 2024, which improved compared to a net loss of $10,102,266 in 2023.
- **Expenses:**  
  - Operating expenses are high, with notable costs including professional fees (~$3.6 million in 2024), advertising (~$1 million), and management compensation (~$75,000).
- **Gross Profit:**  
  - Cost of revenue in 2024 was approximately $655,499, primarily due to inventory costs, freight, royalties, and rent.

### Company Operations & Development
- **Employees:**  
  - The company has **no direct employees**; relies on consultants, independent contractors, and legal/advisory services.
- **Market Position:**  
  - Recognized as the first and only EPA Safer Choice fire retardant, receiving UL GreenGuard Gold status.
  - Competing with larger entities like Perimeter Solutions, which have more resources and brand recognition.
- **Distribution:**  
  - Ships products from facilities in California; utilizes direct shipping and regional retailers.
- **Product Status:**  
  - All announced orders, including those for fire departments and retailers, have been shipped and delivered.

### Additional Details
- **Product Differentiation:**  
  - All-green, food-grade ingredients from renewable sources (corn, fruits), making it environmentally safe.
- **Regulatory & Certifications:**  
  - In the process of USDA approval, and has received EPA Safer Choice awards.
- **Intellectual Property & Innovation:**  
  - Continues to develop formulations and expand patent portfolio.
- **Market Forecast:**  
  - Global fire-retardant market is projected to reach $13.6 billion by 2034.

This summarizes the company's specific operations, products, market focus, customer base, revenue, and income.

General Enterprise Ventures, Inc. (GEVI) is focused on providing environmentally sustainable flame retardant solutions and wildfire prevention products through its subsidiary, Mighty Fire Breaker.

## General Enterprise Ventures, Inc. (GEVI) Overview

### Business Description
General Enterprise Ventures, Inc. (GEVI) is a company focused on providing environmentally sustainable flame retardant and flame suppression solutions for the residential home industry. The company operates primarily under its subsidiary, Mighty Fire Breaker (MFB), which holds a portfolio of innovative products designed to tackle wildfire prevention and mitigation.

### Key Products and Technologies
- **CitroTech MFB 31 Technology™**: An environmentally friendly fire retardant that converts flammable materials into non-combustible options, effectively preventing the spread of wildfires.
- **Patents**: MFB holds a total of **56 patents** related to fire suppression, retardant dispersion, and fire inhibition technology, with **30 patents granted** and **21 trademarks** registered.

### Certifications
- **EPA Safer Choice**: MFB's products are the only long-term fire retardants to receive this designation.
- **UL Green-Guard Gold**: Approval for low chemical emissions, suitable for indoor environments.
- In pursuit of **USDA approval** for broader application in government contracts.

### Market and Distribution
- The global fire-retardant market is projected to reach **$13.6 billion** by **2034**.
- MFB serves various sectors, including home, industrial, and commercial markets, directly selling to large users like fire departments and working with insurance companies.
- Products are shipped from their Californian facility and are available through **12 regional retailers**.

### Current Operations and Customer Base
- MFB is actively involved in installing proactive wildfire prevention systems and has secured contracts with significant customers, including the **San Diego Fire Department** and various international clients. 
- **Number of Customers**: While specific customer counts are not disclosed, the company's marketing scope suggests a diversified customer base spanning residential and commercial sectors.

### Financials
- **Employees**: The Company currently employs **8 full-time employees**, alongside various independent contractors and consultants.
- **Revenue and Income**: Specific figures regarding revenue and income have not been disclosed in the provided document.

### Corporate Structure
- The company is led by **Joshua Ralston**, who serves as the CEO, along with a board of directors including **John Costa** and **Jeffery Pomerantz**. Mr. Ralston controls significant voting power through his ownership of **10,000,000 shares** of Series A Preferred Stock.

### Legal Status
- Currently, there are no legal proceedings or claims against the company that are expected to have a material adverse effect on operations.

### Locations
- GEVI has its principal office in **Lima, Ohio**, under a lease of **$500 per month**.
- Additional leased commercial space for retail and warehousing operations is located in **Rohnert Park, California**, at a rate of **$5,200 per month**.

### Summary
General Enterprise Ventures, Inc. is a pioneering firm in the fire retardant space, focusing on environmentally friendly and sustainable solutions. With a growing number of patents, certifications, and a diverse operational structure, the company positions itself for growth in a burgeoning market while addressing urgent wildfire prevention needs.

General Enterprise Ventures, Inc.

10-K / March 31, 2025

10-K / July 30, 2024

10-K / March 31, 2025

Company Summary: General Enterprise Ventures, Inc. (GEVI)

Business Overview

Products & Usage

Current Customer Base & Market

Revenue & Financials (2024)

Company Operations & Development

Additional Details