Less than six months of cash at the latest burn — the company must raise, cut, or both, soon.
Radar 60 (elevated attention) · dilution pressure high · listing risk low · governance risk low · runway 1.1 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 84 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 |
|---|---|---|---|
| Sep 16, 2026 | · 13D amendment | Schedule 13D/A filed 2026-09-16 filing | 24 |
| Sep 16, 2026 | · 13D amendment | Schedule 13D/A filed 2026-09-16 filing | 24 |
| Sep 16, 2026 | · Officer/director change | 8-K Item 5.02 filed 2026-09-16 (accepted 17:12 ET) filing | 23 |
| Sep 16, 2026 | · Form 4 burst | 7 Form 4 filings in 30 days filing | 15 |
| Aug 26, 2026 | · Officer/director change | 8-K Item 5.02 filed 2026-08-26 (accepted 15:10 ET) filing | 25 |
| Jun 30, 2026 | ▼ Runway < 6 months | ~1.1 months runway: liquidity $1,082,155 as of 2026-06-30, burn $11,637,765/yr (annualized 180-day YTD operating cash flow [companyfacts]) filing | 44 |
| Jun 30, 2026 | ▼ Share count +25% | Shares outstanding 4,187,505 (2026-05-12) -> 6,511,540 (2026-08-10), +55% filing | 36 |
| Jun 30, 2026 | ▼ Negative equity | Stockholders' equity $-8,888,760 as of 2026-06-30 filing | 31 |
| Jun 30, 2026 | ▼ Cash < current liabilities | Liquidity $1,082,155 vs current liabilities $6,150,584 filing | 22 |