The company says its prior financial statements should not be relied on; a restatement follows.
Radar 67 (elevated attention) · dilution pressure elevated · listing risk elevated · governance risk high · runway 6.9 mo · strongest signal: Restatement (non-reliance) (Aug 13, 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 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 13, 2026 | ▼ Restatement (non-reliance) | 8-K Item 4.02 filed 2026-08-13 (accepted 07:00 ET) filing | 69 |
| Aug 13, 2026 | ▼ Restatement (non-reliance) | “nonreliance” language in 8-K (8-K) filed 2026-08-13 filing | 38 |
| Aug 13, 2026 | ▼ Going-concern language | “going concern periodic” language in 10-Q (10-Q) filed 2026-08-13 filing | 21 |
| Aug 13, 2026 | ▼ Going-concern language | “going concern periodic” language in 10-Q/A (10-Q/A) filed 2026-08-13 filing | 21 |
| Aug 7, 2026 | ▼ Reverse split | “reverse split” language in PRE 14A (PRE 14A) filed 2026-08-07 filing | 27 |
| Jun 30, 2026 | ▼ Negative equity | Stockholders' equity $-1,501,000 as of 2026-06-30 filing | 31 |
| Jun 30, 2026 | ▼ Runway 6–12 months | ~6.9 months runway: liquidity $24,192,000 as of 2026-06-30, burn $42,157,500/yr (annualized 180-day YTD operating cash flow [companyfacts]) filing | 26 |
| Jun 30, 2026 | ▼ Near $5M MVLS floor | Public float $6,700,000 (as of 2025-06-30) vs $5M Nasdaq MVLS floor; needs price x shares confirmation filing | 24 |