Less than six months of cash at the latest burn — the company must raise, cut, or both, soon.
Radar 65 (elevated attention) · dilution pressure high · listing risk low · governance risk elevated · runway 1.4 mo · strongest signal: Default / acceleration (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 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 11, 2026 | ▼ Default / acceleration | 8-K Item 2.04 filed 2026-08-11 (accepted 16:36 ET) filing | 66 |
| Mar 31, 2026 | ▼ Runway < 6 months | ~1.4 months runway: liquidity $292,115 as of 2026-03-31, burn $2,585,022/yr (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts]) filing | 42 |
| Mar 31, 2026 | ▼ Share count +25% | Shares outstanding 11,303,853 (2026-03-27) -> 14,899,883 (2026-05-11), +32% filing | 34 |
| Mar 31, 2026 | ▼ Negative equity | Stockholders' equity $-25,405,250 as of 2026-03-31 filing | 31 |
| Mar 31, 2026 | ▼ Cash < current liabilities | Liquidity $292,115 vs current liabilities $6,848,786 filing | 21 |