Less than six months of cash at the latest burn — the company must raise, cut, or both, soon.
Radar 67 (elevated attention) · dilution pressure high · listing risk low · governance risk high · runway 0.1 mo · strongest signal: Departure cluster (Aug 10, 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 | ▼ Offering (424B) | 424B3 prospectus supplement 2026-08-14; 3 prior 424B filings in 12m filing | 27 |
| Aug 13, 2026 | · Form 4 burst | 7 Form 4 filings in 30 days filing | 15 |
| Aug 12, 2026 | ▼ Going-concern language | “going concern periodic” language in 10-Q (10-Q) filed 2026-08-12 filing | 25 |
| Aug 10, 2026 | ▼ Departure cluster | 4 Item 5.02 8-Ks in 90 days (latest 2026-08-10) filing | 64 |
| Aug 10, 2026 | ▼ Offering (424B) | 424B3 prospectus supplement 2026-08-10; 2 prior 424B filings in 12m filing | 27 |
| Aug 10, 2026 | · Officer/director change | 8-K Item 5.02 filed 2026-08-10 (accepted 17:17 ET) filing | 22 |
| Mar 31, 2026 | ▼ Runway < 6 months | ~0.1 months runway: liquidity $54,692 as of 2026-03-31, burn $8,885,722/yr (annualized 180-day YTD operating cash flow [companyfacts]) filing | 45 |
| Mar 31, 2026 | ▼ Share count +25% | Shares outstanding 20,000,000 (2024-11-04) -> 71,498,842 (2026-08-10), +257% filing | 45 |
| Mar 31, 2026 | ▼ Cash < current liabilities | Liquidity $54,692 vs current liabilities $1,742,000 filing | 21 |