Preheat oven to 375°F. Line an 8 x 8-inch baking dish with non-stick foil or with foil sprayed with non-stick cooking spray; set aside.
In a small bowl, whisk together 1 cup flour, 1/8 teaspoon salt, 1/8 teaspoon baking soda, and 1/2 teaspoon baking powder; set aside.
Separate the egg. Place the egg white in a clean, dry bowl and set aside for the meringue; keep the egg yolk for the base.
In a larger bowl, using a hand mixer, beat 1/2 cup butter (room temperature) with 1/4 cup granulated sugar and 1/4 cup brown sugar until very light and fluffy.
Add the egg yolk, 1 1/2 teaspoons water, and 1 1/2 teaspoons vanilla to the butter mixture; mix until combined. Stir in the flour mixture until just combined.
Press the dough evenly into the prepared baking dish. Sprinkle 1 cup semisweet chocolate chips evenly over the dough.
With the reserved egg white, beat until stiff peaks form. Gradually beat in 1/2 cup brown sugar, continuing to beat until the meringue is glossy and holds stiff peaks.
Spread the meringue evenly over the chocolate chips, sealing to the edges of the pan.
Bake for 25 minutes, or until the meringue is golden on top.
Remove from oven and allow to cool completely in the pan. Once cooled, cut into bars and serve.