Home / Going-concern warnings / Kinetic Seas Inc.
Filed 2025-04-24 路 Form 10-K 路 Accession 0001683168-25-002782 nano
Price before filing: $0.44 (2025-04-23 close, split/dividend-adjusted)
Market cap at flag: $20.3M (2025-04-24) 路 Latest: $2.0M (2026-10-16)
| Window | KSEZ | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -20.5% | +10.4% | -30.9% | 2025-05-27 |
| 90 days | -63.6% | +18.8% | -82.4% | 2025-07-23 |
| 180 days | -86.8% | +26.1% | -112.9% | 2025-10-21 |
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.
"The Company has suffered recurring losses from operations and has a net capital deficiency for the period ended December 31, 2024 that raise substantial doubt about its 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.
Going-concern opinion issued by: Bush & Associates CPA LLC
Source: independent auditor report in Form 10-K (period 2024-12-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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