Deep Green Waste & Recycling is a small environmental services company that operates almost entirely through its subsidiary Lyell Environmental Services, which provides asbestos removal, mold remediation, lead abatement, and radon mitigation services to commercial and institutional customers in Tennessee and the surrounding region. Lyell performs project-based remediation work, selling directly to commercial and institutional property owners and managers. Revenue is project-driven and lumpy — the size and timing of individual contracts heavily determines annual results. Cost of revenues consists primarily of subcontractor and direct labor costs. Deep Green also describes itself as a vehicle for acquiring waste and recycling companies, though no material acquisitions beyond Lyell have been completed. Customer concentration is high: in FY24, two customers accounted for 18% and 64% of revenues, respectively. Deep Green's financial position is precarious — the company carries an accumulated deficit of ~$14M, a stockholders' deficit of ~$4M, and held only $73K in cash at year-end 2024 against ~$4.8M in current liabilities. The balance sheet also includes ~$2.9M in legacy accounts payable from a prior waste recycling business that ceased operations in 2018. The auditors have issued a going concern opinion, and management estimates needing to raise ~$500K over the next twelve months, likely through equity or convertible debt issuances.