Less than six months of cash at the latest burn — the company must raise, cut, or both, soon.
Radar 61 (elevated attention) · dilution pressure elevated · listing risk low · governance risk elevated · runway 4.0 mo · strongest signal: Departure cluster (Aug 7, 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 77 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 7, 2026 | ▼ Departure cluster | 3 Item 5.02 8-Ks in 90 days (latest 2026-08-07) filing | 60 |
| Aug 7, 2026 | · Officer/director change | 8-K Item 5.02 filed 2026-08-07 (accepted 16:05 ET) filing | 24 |
| May 31, 2026 | ▼ Runway < 6 months | ~4.0 months runway: liquidity $609,000 as of 2026-05-31, burn $1,810,000/yr (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts]) filing | 36 |
| May 31, 2026 | ▼ Near $5M MVLS floor | Public float $6,625,531 (as of 2025-08-29) vs $5M Nasdaq MVLS floor; needs price x shares confirmation filing | 24 |
| May 31, 2026 | ▼ Cash < current liabilities | Liquidity $609,000 vs current liabilities $6,684,000 filing | 21 |