5/5Next Bridge Hydrocarbons, Inc.: Going-concern doubt

Market data

n/a: no ticker symbol on the filing.

Verified excerpt

"As discussed in Note 2 to the consolidated financial statements, the company had an accumulated deficit, negative cash flows from operations, and a net working capital deficiency as of December 31, 2024, which raises substantial doubt about its ability to continue as a going concern."

Quoted from the filing. Source

What this means

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.

Going-concern opinion issued by: M&K CPAS, PLLC
Source: independent auditor report in Form 10-K (period 2024-12-31)

Why this score: in auditor's report; also within 90 days: Late quarterly report (NT 10-Q)