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Greenway Technologies (GWTI) 10-Q Filings

GWTI OTC

Here are the 10-Q quarterly reports from Greenway Technologies Inc (GWTI) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow GWTI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GWTI filings page.

Rhea-AI Summary

Greenway Technologies, Inc. (GWTI) reported a net loss of $826,412 for the three months ended June 30, 2026, compared with $1,206,651 a year earlier. For the six months, net loss was $1,270,544 versus $1,890,292, a reported 32.79% decrease. The company had no revenue in either the three- or six-month periods. Six-month research and development expense was $132,735, compared with $461,293 in 2025; management said cash flow was insufficient to support the same level of research and development as in the prior-year period.

At June 30, 2026, cash was $461, total assets were $3,400 and current liabilities were $15,230,887. The company reported a $15,227,487 working-capital deficit and said recurring losses and insufficient cash flows create substantial doubt about its ability to continue as a going concern during the twelve months after the financial statements are issued. Management said it may seek debt or equity financing, but the terms are uncertain. Greenway also said it does not expect sufficient revenue or positive cash flows from operations to meet its current obligations.

Rhea-AI Summary

Greenway Technologies, Inc. reported another loss-making quarter and remains in severe financial distress. For the three months ended March 31, 2026, the company generated no revenue and posted a net loss of $444,132, an improvement from a $683,641 loss a year earlier mainly due to lower general and administrative and research and development spending. Cash was only $7,271 with total assets of $51,375, while current liabilities reached $14,520,290, leaving a stockholders’ deficit of $14,468,915 and an accumulated deficit of $41,775,038. Management and the auditors state there is substantial doubt about the company’s ability to continue as a going concern. Most debt, including $647,500 of third-party notes and $2,805,774 of related-party notes, is in default, and a $950,000 legal settlement liability plus a potential $1,250,000 agreed judgment weigh on the balance sheet. Operations are funded primarily through small equity sales, including 6,000,000 new shares issued in the quarter for $60,000, adding to significant dilution risk for existing shareholders.

Rhea-AI Summary

Greenway Technologies, Inc. (GWTI) filed its Q3 2025 report, showing continuing development-stage operations with no revenue and higher expenses. The company reported a net loss of $1,510,865 for the quarter and $3,401,157 for the nine months ended September 30, 2025, driven by increased general and administrative and research and development spending.

Liquidity remains constrained: cash was $36,632, total assets $105,485, current liabilities $15,717,091, and stockholders’ deficit $(15,611,606), raising substantial doubt about continuing as a going concern. The company recorded $1,710,000 in customer deposits and raised cash via equity sales, with $691,000 provided by financing activities year-to-date. As of November 13, 2025, common shares outstanding were 456,361,204.

Several notes remain in default, including $647,500 of notes payable and a $166,667 convertible note (convertible at $0.08). A legal dispute with former affiliates was settled on October 30, 2025, requiring issuance of 2,000,000 restricted shares and payments of $50,000 and $900,000 over time; the company estimates the settlement’s net financial impact at approximately $649,636 positive.