HIGHworst of 2 computed sub-ratings (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
not every sub-rating was computable; treat as a floor
Offering ability
HIGH$1009M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
one or more live registrations had no structured fee data, so the true total is AT LEAST this
Overhead supply
NOT COMPUTEDno current share count to divide by
= warrant shares outstanding divided by current shares outstanding
not rated: the newest single-total cover-page count is as of 2025-04-14
Historical dilution
NOT COMPUTEDnewest single-total cover-page count is as of 2025-04-14
= share count now vs 3 years ago
not rated: the company has filed periodic reports since (newest: 10-Q filed 2026-08-19) with no single-total cover-page count in SEC's companyfacts, which omits counts filed per share class
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Newest single-total count on a cover page: 1.5M as of Apr 14, 2025 (10-K). Not used as today’s count, because the company has filed periodic reports since (newest: 10-Q filed 2026-08-19) with no single-total cover-page count in SEC's companyfacts, which omits counts filed per share class.⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2025-04-14
HowKept on the chart with its date. No estimate, rating or current-share figure on this page is built on it.
Share count fell from 415.7M to 1.4M between Apr 17, 2023 and May 19, 2023, a pattern consistent with a reverse split (roughly 1-for-300); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.
Cash runway
Going-concern warning
auditor flagged substantial doubt
The company itself flagged going-concern doubt in a filing.
Notes exactly as the company dimensioned them in its 10-Q filed Aug 19, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.
Registrations and offerings
Registered offering capacity on live registrations: $1008.8Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.