Less than six months of cash at the latest burn — the company must raise, cut, or both, soon.
Radar 58 (elevated attention) · dilution pressure elevated · listing risk low · governance risk low · runway 0.0 mo · strongest signal: Runway < 6 months (Jun 30, 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 14, 2026 | ▼ Going-concern language | “going concern periodic” language in 10-Q (10-Q) filed 2026-08-14 filing | 25 |
| Jul 23, 2026 | · Officer/director change | 8-K Item 5.02 filed 2026-07-23 (accepted 08:18 ET) filing | 23 |
| Jun 30, 2026 | ▼ Runway < 6 months | ~0.0 months runway: liquidity $0 as of 2026-06-30, burn $5,789,306/yr (annualized 180-day YTD operating cash flow [companyfacts]) filing | 51 |
| Jun 30, 2026 | ▼ Share count +25% | Shares outstanding 30,903,163 (2026-05-08) -> 53,633,248 (2026-08-03), +74% filing | 37 |
| Jun 30, 2026 | ▼ Near $5M MVLS floor | Public float $4,627,542 (as of 2025-06-30) vs $5M Nasdaq MVLS floor; needs price x shares confirmation filing | 27 |