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.
Greenway Technologies (GWTI) entered a mediated settlement agreement on October 30, 2025. The Company agreed to issue 2,000,000 shares of common stock to the plaintiff, pay $50,000 in cash within four months, and pay an additional $900,000 in 12 equal monthly installments beginning August 1, 2026. Up to three installments may be paid in shares based on the average of the bid and ask prices on the OTCQB Venture Market on the payment date.
As security, the parties agreed to an agreed judgment of $1,250,000, with $656,250 bearing 18% interest and $593,750 bearing 7.5% interest. The Company believes the net financial impact of the settlement is approximately a positive $649,636. A prior summary judgment of $335,234 plus prejudgment interest at 18% per year from January 1, 2025 has been withdrawn. On October 31, 2025, the Company issued the 2,000,000 settlement shares without registration in reliance on Section 4(a)(2).