The dilution already happened: share count is up 25%+ versus the prior period. Support side: Insider open-market buy — insiders or holders bought while this setup is live; see the timeline.
Radar 60 (elevated attention) · dilution pressure elevated · listing risk low · governance risk elevated · runway 6.3 mo · strongest signal: Share count +25% (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.
No note yet. Notes are written each morning for the top-ranked setups; Pro subscribers get them in full the same day.
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 |
|---|---|---|---|
| Jul 31, 2026 | ▼ Going-concern language | “going concern periodic” language in 10-Q (10-Q) filed 2026-07-31 filing | 33 |
| Jul 21, 2026 | · 13D amendment | Schedule 13D/A filed 2026-07-21 filing | 24 |
| Jul 21, 2026 | · 13D amendment | Schedule 13D/A filed 2026-07-21 filing | 24 |
| Jul 21, 2026 | · 13D amendment | Schedule 13D/A filed 2026-07-21 filing | 24 |
| Jul 20, 2026 | ▲ Insider open-market buy | 1 open-market buys by 1 insider(s) (~$3,479,013) in 30d: Heinrich Michael 4,608,[email protected] 2026-07-20 filing | 34 |
| Jul 20, 2026 | · Officer/director change | 8-K Item 5.02 filed 2026-07-20 (accepted 16:02 ET) filing | 22 |
| Jun 30, 2026 | ▼ Share count +25% | Shares outstanding 2,430,471 (2026-04-27) -> 17,489,828 (2026-07-27), +620% filing | 45 |
| Jun 30, 2026 | ▼ Runway 6–12 months | ~6.3 months runway: liquidity $2,640,000 as of 2026-06-30, burn $5,016,722/yr (annualized 180-day YTD operating cash flow [companyfacts]) filing | 27 |
| Jun 30, 2026 | ▼ Cash < current liabilities | Liquidity $2,640,000 vs current liabilities $11,107,000 filing | 21 |