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

Taoping Inc. (TAOP)

CIK 1552670 · all EDGAR filings →

Overall dilution risk
MEDIUMworst of 4 computed sub-ratings (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
MEDIUM$1.4M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
registered capacity, not remaining: amounts already taken down are not subtracted yet
Overhead supply
LOWwarrants = 17% 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-39% 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
MEDIUM~10 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

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

2012-12-312025-12-31

Latest: 9.6M shares as of Dec 31, 2025 (20-F).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2025-12-31
HowThe newest cover-page count as filed. It is used as the current count only while it is no more than about 15 months older than the company’s newest periodic filing; the float checker applies a 200-day rule and sets it beside the balance-sheet count.
Open the source document →
Share count fell from 15.6M to 2.9M between Dec 31, 2022 and Dec 31, 2023, a pattern consistent with a reverse split (roughly 1-for-5); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

~10 months of cash left

burning $637,807.5 / quarter

Full breakdown: cash runway tool

Warrants

Warrants outstanding: 1.6M underlying shares, as reported May 31, 2015 (6-K).

Balance-sheet fair value of warrants: $18,040 as of Sep 30, 2020.

Rough fully diluted estimate: 11.1M = 9.6M O/S + 1.6M 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

The latest 10-Q/10-K instance document could not be checked just now, so nothing is shown rather than guessed. Try again shortly.

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 outstanding9.6MDec 31, 2025
+ Warrants (aggregate, as tagged) (if exercised)1.6MMay 31, 2015
Fully diluted estimate11.1M+16.5% 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

Registered offering capacity on live registrations: $1.4Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

F-3Jun 27, 2025$1.4M registeredfiling →

Last 12 months: 1 executed · 2 registered.

EXECUTEDJul 15, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EFFECTIVEJun 3, 2026SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDMay 22, 2026F-3/A registration — capacity to sell shares, not a sale yetF-3/A →
REGISTEREDDec 23, 2025F-3/A registration — capacity to sell shares, not a sale yetF-3/A →
REGISTEREDJun 27, 2025F-3 registration — capacity to sell shares, not a sale yetF-3 →
EXECUTEDJan 13, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EXECUTEDDec 31, 2024Prospectus supplement priced — shares or notes (large filers: often a bond deal)424B2 →
UPDATESep 5, 2024Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEMay 8, 2024Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEMay 8, 2024SEC declared a registration effective — selling can beginEFFECT →
UPDATESep 29, 2023Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATESep 26, 2023Prospectus update — often a resale registration, not necessarily new capital424B3 →

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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