Ann: EdenCrete - Continued Market Progress in Colorado, page-90

The current market price for industrial grade MWCNT is >$200Kg. EDE is selling none at that price, So we can assume the CNT manufacturing cost is very high. I wouldn't be surprised if Edencrete costs far more than $25/gallon to produce.

Does not the quarterly 4C show "cost of goods sold "

It is meaningless and is probably nothing more than the raw materials and energy used. They are not including wages, depreciation, maintenance, R&D or many other real costs.

The EDE process uses small batch reactors. It doesn't scale well.

EDE (aka Hythane Corporation) has been running at a loss for 40 years. Edencrete is making essentially zero sales apart from the endless small Georgia and Colorado government trials.

The entire business plan seems to consist of "EDE shows some benefits and lot's of bridges need to be repaired". No cost benefit analysis or Engineers Report has ever been produced to support the EDE claims