Home / Going-concern warnings / NEXT-ChemX Corporation.
Filed 2025-04-30 路 Form 10-K 路 Accession 0001641172-25-007847 micro
Price before filing: $4.76 (2025-04-29 close, split/dividend-adjusted)
Market cap at flag: $136.2M (2025-04-30) 路 Latest: $285,468 (2026-10-12)
| Window | CHMX | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +6.5% | +6.3% | +0.2% | 2025-05-30 |
| 90 days | +14.5% | +14.9% | -0.4% | 2025-07-29 |
| 180 days | +13.4% | +24.3% | -10.9% | 2025-10-27 |
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: no open-market insider sales or purchases reported.
30 days after: none reported.
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-30 to 2025-05-30. 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.
"On December 31, 2024, the Company had a working capital deficit of $ 3,866,262 . As of December 31, 2023, the Company had an accumulated deficit of $ 6,512,110 and a working capital deficit of $ 3,792,098 Accordingly, there is substantial doubt about the Company's ability to continue as a going concern."
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 2024-12-31)
Why this score: also within 90 days: Late annual report (NT 10-K)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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