First time the auditor-facing going-concern language appears: the company itself doubts it can fund 12 months.
Radar 63 (elevated attention) · dilution pressure elevated · listing risk low · governance risk elevated · runway 5.5 mo · strongest signal: New going-concern flag (Aug 14, 2026)
Direction is stated for existing shareholders (▼ more shares / survival or listing risk; ▲ insiders or holders buying). It is a characterization of the filings, not a forecast or a recommendation.
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Runway = liquidity ÷ monthly operating burn at the latest reported period · balance sheet 47 days old. A financing after the balance-sheet date is the main reason a figure can be stale — check the timeline below for offerings since then.
Last 30 days of filing signals plus current balance-sheet flags, newest first. ▼ pressure · ▲ support · hover a score for its components; every row links to the filing.
| Date | Signal | Evidence | Score |
|---|---|---|---|
| Aug 14, 2026 | ▼ New going-concern flag | “going concern periodic” language in 10-Q (10-Q) filed 2026-08-14 filing | 68 |
| Jun 30, 2026 | ▼ Runway < 6 months | ~5.5 months runway: liquidity $6,529,000 (cash $2,697,000 + investments $3,832,000) as of 2026-06-30, burn $14,293,806/yr (annualized 180-day YTD operating cash flow [companyfacts]) filing | 37 |
| Jun 30, 2026 | ▼ Negative equity | Stockholders' equity $-35,566,000 as of 2026-06-30 filing | 31 |
| Jun 30, 2026 | ▼ Cash < current liabilities | Liquidity $6,529,000 vs current liabilities $14,193,000 filing | 21 |