The company can sell stock into the market any day at prevailing prices — steady supply.
Radar 67 (elevated attention) · dilution pressure high · listing risk elevated · governance risk elevated · runway 0.5 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.
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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 | 50 |
| Aug 11, 2026 | ▼ Unregistered sale | 8-K Item 3.02 filed 2026-08-11 (accepted 16:50 ET) filing | 32 |
| Aug 11, 2026 | ▼ Reverse split | “reverse split” language in 8-K (EX-10.1) filed 2026-08-11 filing | 32 |
| Aug 11, 2026 | ▼ Reverse split | “reverse split” language in DEF 14A (DEF 14A) filed 2026-08-11 filing | 27 |
| Jul 28, 2026 | ▼ Unregistered sale | 8-K Item 3.02 filed 2026-07-28 (accepted 09:15 ET) filing | 32 |
| Jul 27, 2026 | ▼ Offering (424B) | 424B5 prospectus supplement 2026-07-27; 3 prior 424B filings in 12m filing | 46 |
| Jul 27, 2026 | ▼ ATM program | “atm” language in 424B5 (424B5) filed 2026-07-27 filing | 38 |
| Jul 17, 2026 | ▼ Reverse split | “reverse split” language in PRE 14A (PRE 14A) filed 2026-07-17 filing | 27 |
| Mar 31, 2026 | ▼ Runway < 6 months | ~0.5 months runway: liquidity $1,168,000 as of 2026-03-31, burn $26,390,000/yr (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts]) filing | 44 |
| Mar 31, 2026 | ▼ Negative equity | Stockholders' equity $-881,000 as of 2026-03-31 filing | 31 |
| Mar 31, 2026 | ▼ Cash < current liabilities | Liquidity $1,168,000 vs current liabilities $2,447,000 filing | 21 |