Less than six months of cash at the latest burn — the company must raise, cut, or both, soon.
Radar 56 (elevated attention) · dilution pressure high · listing risk low · governance risk low · runway 3.2 mo · strongest signal: Runway < 6 months (Jun 30, 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 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 12, 2026 | ▼ Going-concern language | “going concern periodic” language in 10-Q (10-Q) filed 2026-08-12 filing | 25 |
| Jun 30, 2026 | ▼ Runway < 6 months | ~3.2 months runway: liquidity $3,431,000 as of 2026-06-30, burn $12,843,944/yr (annualized 180-day YTD operating cash flow [companyfacts]) filing | 43 |
| Jun 30, 2026 | ▼ Share count +25% | Shares outstanding 26,307,211 (2026-05-11) -> 49,882,790 (2026-08-06), +90% filing | 38 |
| Jun 30, 2026 | ▼ Negative equity | Stockholders' equity $-15,361,000 as of 2026-06-30 filing | 31 |
| Jun 30, 2026 | ▼ Cash < current liabilities | Liquidity $3,431,000 vs current liabilities $7,342,000 filing | 21 |