Home / Going-concern warnings / Ainos, Inc.
Filed 2025-08-13 路 Form 10-Q 路 Accession 0001493152-25-011908 nano
Price before filing: $3.25 (2025-08-12 close, split/dividend-adjusted)
Market cap at flag: $20.3M (2025-08-13) 路 Latest: $6.8M (2026-10-16)
| Window | AIMD | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +9.5% | +2.3% | +7.2% | 2025-09-12 |
| 90 days | -4.0% | +6.6% | -10.6% | 2025-11-11 |
| 180 days | -42.2% | +8.6% | -50.7% | 2026-02-09 |
| 1 year | -55.7% | +22.4% | -78.1% | 2026-08-13 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 3 insiders sold $149K (11 sales, 1 without a usable price); 1 insider bought 29,476 shares (1 purchase)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-06-18 | TSAI CHUN-JUNG Director | Sale | 5,000 | $0.52 | $3K | no | Form 4 |
| 2025-06-19 | TSAI CHUN-JUNG Director | Sale | 10,903 | $0.55 | $6K | no | Form 4 |
| 2025-06-23 | ASE Test, Inc. 10% owner | Purchase | 29,476 | n/a | n/a | no | Form 4 |
| 2025-06-23 | TSAI CHUN-JUNG Director | Sale | 10,000 | $0.50 | $5K | no | Form 4 |
| 2025-06-23 | Taiwan Carbon Nano Technology Corp 10% owner | Sale | 29,476 | n/a | n/a | no | Form 4 |
| 2025-06-25 | TSAI CHUN-JUNG Director | Sale | 7,000 | $0.50 | $4K | no | Form 4 |
| 2025-06-25 | lee ting-chuan Director | Sale | 2,894 | $0.51 | $1K | no | Form 4 |
| 2025-06-27 | TSAI CHUN-JUNG Director | Sale | 10,000 | $0.50 | $5K | no | Form 4 |
| 2025-07-17 | Taiwan Carbon Nano Technology Corp 10% owner | Sale | 7,001 | $2.80 | $20K | no | Form 4 |
| 2025-07-18 | Taiwan Carbon Nano Technology Corp 10% owner | Sale | 7,000 | $2.81 | $20K | no | Form 4 |
| 2025-08-05 | Taiwan Carbon Nano Technology Corp 10% owner | Sale | 11,191 | $2.44 | $27K | no | Form 4 |
| 2025-08-06 | Taiwan Carbon Nano Technology Corp 10% owner | Sale | 20,000 | $2.95 | $59K | no | Form 4 |
| 2025-08-13: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-15 to 2025-09-12. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Accordingly, substantial doubt exists about the Company's ability to continue as a going concern for at least one year from the issuance of these financial statements."
Quoted from the filing. Source
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.
Source: management disclosure in Form 10-Q (period 2025-06-30)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Auditor change
Read the original filing on SEC.gov →
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