Less than six months of cash at the latest burn — the company must raise, cut, or both, soon.
Radar 68 (elevated attention) · dilution pressure high · listing risk low · governance risk high · runway 0.8 mo · strongest signal: Departure cluster (Aug 11, 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 13, 2026 | ▼ Going-concern language | “going concern periodic” language in 10-Q (10-Q) filed 2026-08-13 filing | 33 |
| Aug 11, 2026 | ▼ Departure cluster | 4 Item 5.02 8-Ks in 90 days (latest 2026-08-11) filing | 64 |
| Aug 11, 2026 | · Officer/director change | 8-K Item 5.02 filed 2026-08-11 (accepted 08:00 ET) filing | 22 |
| Aug 5, 2026 | ▼ Going concern in 8-K | “going concern 8k” language in 8-K (EX-99.1) filed 2026-08-05 filing | 31 |
| Jul 24, 2026 | · Officer/director change | 8-K Item 5.02 filed 2026-07-24 (accepted 16:05 ET) filing | 24 |
| Jun 30, 2026 | ▼ Runway < 6 months | ~0.8 months runway: liquidity $569,066 (cash $540,264 + investments $28,802) as of 2026-06-30, burn $8,116,489/yr (annualized 180-day YTD operating cash flow [companyfacts]) filing | 49 |
| Jun 30, 2026 | ▼ Share count +25% | Shares outstanding 10,579,727 (2026-05-13) -> 14,049,388 (2026-08-12), +33% filing | 34 |
| Jun 30, 2026 | ▼ Negative equity | Stockholders' equity $-8,240,860 as of 2026-06-30 filing | 31 |
| Jun 30, 2026 | ▼ Cash < current liabilities | Liquidity $569,066 vs current liabilities $14,930,120 filing | 21 |