Quarterly ResultJul 9, 2026, 01:16 PM
IIOT-OXYS Q1 Net Loss Widens to $(393,673); Going Concern Warning
AI Summary
IIOT-OXYS, Inc. reported a significant increase in net loss attributable to common stockholders to $(393,673) for the first quarter of 2026, up from $(180,313) in the prior year. The company continues to report no revenues and faces substantial doubt about its ability to continue as a going concern, highlighted by a working capital deficit of $2,653,885 and an accumulated deficit of $13,043,185. Cash and total assets saw a sharp decline, while total liabilities and stockholders' deficit worsened during the quarter.
Key Highlights
- Net loss attributable to common stockholders increased to $(393,673) for Q1 2026 from $(180,313) for Q1 2025.
- Cash and cash equivalents decreased to $6,838 as of March 31, 2026, from $26,342 at December 31, 2025.
- Total assets were $6,838 as of March 31, 2026, down from $26,342 at December 31, 2025.
- Total liabilities increased to $2,661,723 as of March 31, 2026, from $2,336,374 at December 31, 2025.
- Total stockholders' deficit worsened to $(3,726,485) as of March 31, 2026, from $(3,330,032) at December 31, 2025.
- The company reported no revenues for both Q1 2026 and Q1 2025.
- Cash used in operating activities was $(59,624) for Q1 2026, compared to $(56,532) for Q1 2025.
- A going concern warning was issued due to continuing operating losses, working capital deficit, and accumulated deficit.
Price Impact
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