American Fusion Q2 Net Loss $1.28M; Merger Completed
American Fusion, Inc. completed a reverse merger with Kepler Fusion Technologies Inc. on February 27, 2026, and subsequently reported its Q2 2026 financial results. The company generated $58,000 in revenue but incurred a net loss of $1.28 million for the quarter. The filing highlights a going concern risk due to an accumulated deficit of $10.9 million and recurring losses. Significant corporate actions included a redomestication, name change, and the cancellation of 1.68 billion common shares.
Key Highlights
- Completed reverse merger with Kepler Fusion Technologies Inc. on February 27, 2026.
- Reported Q2 2026 revenue of $58,000, up from $0 in Q2 2025.
- Incurred a Q2 2026 net loss of $1.28 million, compared to $55,319 in Q2 2025.
- Accumulated deficit reached $10.9 million as of June 30, 2026, raising going concern doubts.
- Cash and cash equivalents increased to $79,341 from $2,525 at year-end 2025.
- Issued $943,000 in prepaid warrants and $225,000 from security purchase agreements.
- Cancelled 1.68 billion common shares via default judgment; authorized common stock reduced.
- Capitalized $48,472 in intangible assets, including patent filing and website development costs.
Price Impact
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