Less than six months of cash at the latest burn — the company must raise, cut, or both, soon.
Radar 59 (elevated attention) · dilution pressure elevated · listing risk low · governance risk elevated · runway 1.7 mo · strongest signal: Late filing (NT) (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.
No note yet. Notes are written each morning for the top-ranked setups; Pro subscribers get them in full the same day.
Runway = liquidity ÷ monthly operating burn at the latest reported period · balance sheet 138 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 | ▼ Late filing (NT) | NT 10-Q filed 2026-08-14 filing | 49 |
| Jul 29, 2026 | ▼ Unregistered sale | 8-K Item 3.02 filed 2026-07-29 (accepted 17:18 ET) filing | 32 |
| Jul 17, 2026 | ▼ Offering (424B) | 424B3 prospectus supplement 2026-07-17; 15 prior 424B filings in 12m filing | 28 |
| Mar 31, 2026 | ▼ Runway < 6 months | ~1.7 months runway: liquidity $2,563,000 as of 2026-03-31, burn $18,183,453/yr (annualized 181-day YTD operating cash flow [companyfacts]) filing | 42 |
| Mar 31, 2026 | ▼ Cash < current liabilities | Liquidity $2,563,000 vs current liabilities $24,026,000 filing | 21 |