Dilution profile // every instrument, one screen, from SEC filings

SideChannel, Inc. (SDCH)

CIK 1022505 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGHS-1 on file 2021-04-30
= 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
LOWwarrants = 13% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
LOW-98% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
LOW~24.4 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)
the company itself flagged going-concern doubt

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

2020-12-232026-08-12

Latest: 4.6M shares as of Aug 12, 2026 (10-Q). Share count fell from 280.3M to 2.8M between Aug 12, 2014 and May 14, 2015, a pattern consistent with a reverse split (roughly 1-for-99); 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.

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Two Thousand Twenty Three Warrant Exchange335,000$9.36
Two Thousand Twenty One Placement Agent160,000$9.36
Two Thousand Eighteen Placement Agent106,000$52

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 12, 2026. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 601,000 underlying shares, as reported Jun 30, 2026 (10-Q).

Reported exercise price: $0.18 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $6.2M as of Jul 2, 2022.

Rough fully diluted estimate: 5.2M = 4.6M O/S + 601,000 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

No convertible-note facts tagged in the 10-Q filed Aug 12, 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.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding4.6MAug 12, 2026
+ Two Thousand Twenty Three Warrant Exchange (if exercised)335,000Jun 30, 2026
+ Two Thousand Twenty One Placement Agent (if exercised)160,000Jun 30, 2026
+ Two Thousand Eighteen Placement Agent (if exercised)106,000Jun 30, 2026
Fully diluted estimate5.2M+13.1% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Last 12 months: 0 executed · 0 registered.

EXECUTEDMay 9, 2023Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJul 6, 2022Unregistered share sale disclosed (8-K item 3.02)8-K
EFFECTIVEJan 7, 2022SEC declared a registration effective — selling can beginEFFECT
EXECUTEDOct 12, 2021Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJul 28, 2021Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATEMay 11, 2021Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEMay 7, 2021SEC declared a registration effective — selling can beginEFFECT
REGISTEREDApr 30, 2021S-1 registration — capacity to sell shares, not a sale yetS-1
EXECUTEDApr 21, 2021Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDApr 8, 2021Unregistered share sale disclosed (8-K item 3.02)8-K
EFFECTIVEFeb 25, 2019SEC declared a registration effective — selling can beginEFFECT
REGISTEREDFeb 21, 2019S-1/A registration — capacity to sell shares, not a sale yetS-1/A

Full history and shelf status: offering checker · S-3 shelf checker

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.

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