Aug. 15 at 10:38 AM
$AIM From the last 10-Q:
"The Company’s net loss for the quarter ended June 30, 2026 was
$3.8 million compared with a net loss of
$2.8 million for the quarter ended June 30, 2025, an increase of
$1.0 million. The increase in net loss was primarily attributable to offering related costs incurred in connection with multiple equity transactions completed during the quarter, including placement agent fees, legal fees, accounting fees, and other direct transaction costs, as discussed below.
Total costs and expenses increased to
$3.5 million for the quarter ended June 30, 2026, compared with
$2.7 million for the quarter ended June 30, 2025, an increase of approximately 32.5%."
The did a lot of dilution to raise capital to meet listing standards this year. But, if their losses and cash burn persist, it will not be long before they have to do more dilution. And, if the share price nears 0.10, they will do the reverse-split that was approved in the recent vote.
