Home / Going-concern warnings / Neuraxis, INC
Filed 2026-03-19 路 Form 10-K 路 Accession 0001493152-26-011505 micro
Price before filing: $6.99 (2026-03-18 close, split/dividend-adjusted)
Market cap at flag: $78.4M (2026-03-19) 路 Latest: $93.3M (2026-10-16)
| Window | NRXS | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +0.1% | +7.4% | -7.3% | 2026-04-20 |
| 90 days | -4.0% | +12.3% | -16.3% | 2026-06-17 |
| 180 days | -18.5% | +15.1% | -33.6% | 2026-09-15 |
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: 2 insiders bought $1.4M (3 purchases)
30 days after: 3 insiders bought $32K (3 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-12-23 | Aharon Gil Director | Purchase | 286,138 | $3.52 | $1.0M | no | Form 4 |
| 2026-02-11 | Hannasch Brian 10% owner | Purchase | 40,000 | $4.65 | $186K | no | Form 4 |
| 2026-02-12 | Hannasch Brian 10% owner | Purchase | 40,000 | $4.92 | $197K | no | Form 4 |
| 2026-03-19: red flag filed | |||||||
| 2026-04-01 | Carrico Brian Allen Chief Executive Officer, Director | Purchase | 8,060 | $1.96 | $16K | no | Form 4 |
| 2026-04-01 | Carrico Thomas Joeseph CRO, CCO, CPO | Purchase | 667 | $1.96 | $1K | no | Form 4 |
| 2026-04-01 | Henrichs Timothy Robert Chief Financial Officer | Purchase | 7,593 | $1.96 | $15K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-19 to 2026-04-18. 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.
"Although we had stockholders' equity of $3,399,372, our auditors have expressed substantial doubt about our ability to continue as a going concern in their audit opinion."
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-K (period 2025-12-31)
Read the original filing on SEC.gov →
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