3/5TransparentBusiness, Inc.: Going-concern doubt

Market data

n/a: no ticker symbol on the filing.

Verified excerpt

"The Company has incurred net losses of $ ( 4,179 ) thousand and $ ( 22,387 ) thousand and used cash in operating activities of $ ( 3,614 ) thousand and $ ( 6,194 ) thousand for the six months ended June 30, 2025 and 2024, respectively, and has an accumulated deficit of $ ( 170,422 ) thousand and $ ( 166,330 ) thousand as of June 30, 2025 and December 31, 2024, respectively, and expects to incur future additional..."

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 2025-06-30)

Why this score: quarterly (unaudited) disclosure