Less than six months of cash at the latest burn — the company must raise, cut, or both, soon.
Radar 57 (elevated attention) · dilution pressure elevated · listing risk low · governance risk elevated · runway 4.3 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 | 47 |
| Mar 31, 2026 | ▼ Runway < 6 months | ~4.3 months runway: liquidity $2,013,817 as of 2026-03-31, burn $5,587,517/yr (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts]) filing | 36 |
| Mar 31, 2026 | ▼ Negative equity | Stockholders' equity $-8,176,387 as of 2026-03-31 filing | 31 |
| Mar 31, 2026 | ▼ Near $5M MVLS floor | Public float $6,400,000 (as of 2025-06-30) vs $5M Nasdaq MVLS floor; needs price x shares confirmation filing | 24 |
| Mar 31, 2026 | ▼ Cash < current liabilities | Liquidity $2,013,817 vs current liabilities $18,309,463 filing | 21 |