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
HIGHS-3 on file 2025-05-09
= is there a registration (S-1/S-3 family) on file without a later withdrawal
no structured fee data on the live registrations, so this is a yes/no, not a size
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 2020-11-13
Historical dilution
NOT COMPUTEDnewest single-total cover-page count is as of 2020-11-13
= share count now vs 3 years ago
not rated: the company has filed periodic reports since (newest: 10-Q filed 2026-08-11) 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: 2.2M as of Nov 13, 2020 (10-Q). Not used as today’s count, because the company has filed periodic reports since (newest: 10-Q filed 2026-08-11) 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 of2020-11-13
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 22.2M to 2.2M between Nov 8, 2019 and Jun 26, 2020, a pattern consistent with a reverse split (roughly 1-for-10); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.
Balance-sheet fair value of warrants: $6.1M as of Dec 31, 2023.
Convertible notes
No convertible-note facts tagged in the 10-Q filed Aug 11, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.
Registrations and offerings
S-3May 9, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-3Aug 30, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
Last 12 months: 0 executed · 0 registered.
EXECUTEDAug 28, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →
EFFECTIVEMay 16, 2025SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDMay 9, 2025S-3 registration — capacity to sell shares, not a sale yetS-3 →
EXECUTEDDec 19, 2024Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDNov 26, 2024Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EXECUTEDNov 26, 2024Unregistered share sale disclosed (8-K item 3.02)8-K →
EFFECTIVESep 10, 2024SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDAug 30, 2024S-3 registration — capacity to sell shares, not a sale yetS-3 →
EXECUTEDDec 11, 2023Unregistered share sale disclosed (8-K item 3.02)8-K →
UPDATENov 14, 2023Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVENov 13, 2023SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDNov 9, 2023S-3/A registration — capacity to sell shares, not a sale yetS-3/A →
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.