Quarterly ResultMay 15, 2026, 04:13 PM
NewHydrogen Q1 Net Loss Widens to $823K; Going Concern Doubt
AI Summary
NewHydrogen, Inc. reported a widened net loss of $822,996 for the three months ended March 31, 2026, compared to a net loss of $476,094 in the prior year period. The company continues to operate without significant revenue and faces substantial doubt about its ability to continue as a going concern due to an accumulated deficit and working capital deficit. Cash decreased significantly, and research and development expenses increased substantially.
Key Highlights
- Net loss widened to $822,996 for Q1 2026, up from $476,094 in Q1 2025.
- Cash balance decreased to $714,341 as of March 31, 2026, from $1,436,928 at December 31, 2025.
- Accumulated deficit reached $181,612,486 as of March 31, 2026.
- Research and development expenses increased to $331,513 in Q1 2026 from $101,518 in Q1 2025.
- Net cash used in operating activities increased to $722,587 in Q1 2026 from $492,812 in Q1 2025.
- The company has 565,000,000 stock options and 228,958,334 warrants outstanding.
- Substantial doubt exists about the company's ability to continue as a going concern.
- No revenue was generated in Q1 2026 or Q1 2025.
Price Impact
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