4/5Fyntechnical Innovations Inc (FYNN): Going-concern doubt

Market data

n/a: no price data available for FYNN.

Verified excerpt

"The following is a summary of the convertible notes: March 31, 2025 December 31, 2024 Total convertible notes, principal outstanding $ 2,761,447 $ 688,892 Less: unamortized debt discount (1,671,085 ) (5,333 ) Convertible notes - net of debt discount $ 1,090,362 $ 683,559 Off-Balance Sheet Arrangements As of March 31, 2025, the Company had no off-balance sheet arrangements. 21 Table of Contents Going Concern Our..."

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.

Source: management disclosure in Form 10-Q (period 2025-03-31)

Why this score: quarterly (unaudited) disclosure; also within 90 days: Late quarterly report (NT 10-Q)