Less than six months of cash at the latest burn — the company must raise, cut, or both, soon.
Radar 62 (elevated attention) · dilution pressure high · listing risk low · governance risk elevated · runway 0.0 mo · strongest signal: Offering (424B) (Jul 28, 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 685 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 | ▼ Going-concern language | “going concern periodic” language in 10-Q (10-Q) filed 2026-08-14 filing | 25 |
| Jul 29, 2026 | · Officer/director change | 8-K Item 5.02 filed 2026-07-29 (accepted 17:25 ET) filing | 25 |
| Jul 28, 2026 | ▼ Offering (424B) | 424B1 prospectus supplement 2026-07-28; 7 prior 424B filings in 12m filing | 48 |
| Jul 27, 2026 | ▼ Shelf effective | EFFECT notice 2026-07-27 filing | 21 |
| Jul 22, 2026 | · Officer/director change | 8-K Item 5.02 filed 2026-07-22 (accepted 07:00 ET) filing | 28 |
| Jul 17, 2026 | ▼ Shelf filed | S-1 filed 2026-07-17 filing | 32 |
| Sep 30, 2024 | ▼ Runway < 6 months | ~0.0 months runway: liquidity $11,810 as of 2024-09-30, burn $4,872,734/yr (annualized 180-day YTD operating cash flow [companyfacts]) filing | 38 |
| Sep 30, 2024 | ▼ Negative equity | Stockholders' equity $-6,125,609 as of 2026-06-30 filing | 31 |