Home / Going-concern warnings / Neuraxis, INC
Filed 2026-05-12 路 Form 10-Q 路 Accession 0001493152-26-022384 micro
Price before filing: $8.15 (2026-05-11 close, split/dividend-adjusted)
Market cap at flag: $90.5M (2026-05-12) 路 Latest: $93.3M (2026-10-16)
| Window | NRXS | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -15.5% | -0.2% | -15.3% | 2026-06-11 |
| 90 days | -15.7% | +4.8% | -20.5% | 2026-08-10 |
| 180 days | pending | pending | until 2026-11-08 |
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: 4 insiders bought $415K (5 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 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 |
| 2026-04-01 | 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 |
| 2026-05-12: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-02-11 to 2026-06-11. 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 $5,747,550 as of March 31, 2026, 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-Q (period 2026-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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