Graphene & Solar Technologies Reports Increased Net Loss, Going Concern Doubt

Key Highlights

• Management expressed doubt about the company's ability to continue as a going concern.
• Net loss for the six months ended March 31, 2026, increased to $(1,745,327) from $(1,688,093) year-over-year.
• The company reported no revenue for both the current and prior six-month periods.
• Total liabilities rose to $5,025,353 as of March 31, 2026, from $4,869,739 at September 30, 2025.
• Stockholders' deficit worsened to $(4,680,421) from $(4,556,693) over the six-month period.
• Cash and cash equivalents increased to $108,942 from $57,365.
• Notes payable totaling $60,000 remained in default as of March 31, 2026.
• Cumulative net losses since inception reached $76,061,814 as of March 31, 2026.