Quarterly ResultMay 11, 2026, 04:27 PM
IIOT-OXYS Reports $1.44M Net Loss, Zero Revenue in 2025; Control Shifts to GHS
AI Summary
IIOT-OXYS, Inc. reported a net loss attributable to common stockholders of $1,441,260 for the year ended December 31, 2025, compared to a net loss of $764,655 in 2024, with zero revenue in 2025. The company, an early-stage technology startup in Edge Computing for Industrial IoT, is facing significant challenges in raising capital and is considering merger or acquisition options. Control of the company transferred to GHS, its lead investor, on November 5, 2025, leading to changes in the board of directors. Additionally, all equity compensation plans were terminated effective December 31, 2025.
Key Highlights
- Net loss attributable to common stockholders was $1,441,260 for 2025, up from $764,655 in 2024.
- Reported $0 revenue for the year ended December 31, 2025, down from $2,500 in 2024.
- Operating expenses increased to $532,791 in 2025 from $428,274 in 2024.
- Control of the Company transferred to GHS, the lead investor, on November 5, 2025.
- All three equity compensation plans (2017, 2019, 2022) were terminated effective December 31, 2025.
- Cash and cash equivalents stood at $26,342 as of December 31, 2025.
- Net cash used in operating activities was $195,051 for the year ended December 31, 2025.
- Management is considering merger or acquisition options due to difficulties in raising funds.