Here are the 10-Q quarterly reports from Global Gas Corporation A (HGAS) 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 HGAS 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 HGAS filings page.
Global Gas Corporation (HGAS) is an early-stage hydrogen and carbon recovery project developer with minimal operations and no revenue for the three and six months ended June 30, 2026, compared with $33,012 of revenue in the prior-year six-month period. The company reported a net loss of $49,681 for Q2 and $67,957 for the first half of 2026, versus net income of $167,868 and $139,326 a year earlier, when results were boosted by a one-time $202,173 Delaware franchise tax refund and a gain on warrant revaluation.
Total assets were only $16,064 at June 30, 2026, including cash of $939. Current liabilities of $339,921 produced a working capital deficit of $323,857, and accumulated deficit rose to $490,429. Related-party convertible promissory notes totaled $295,441, bear 5% PIK interest, and are convertible at $0.15 per share. Derivative warrant liabilities increased to $40,430, creating additional non-cash expense.
Operating general and administrative expenses declined sharply to $37,280 for the first half of 2026 from $97,931 a year earlier, but cash used in operations still reached $69,411, partially funded by $21,637 of advances from a related party. Management states that the very limited cash, working capital deficit, and need for external financing raise substantial doubt about the company’s ability to continue as a going concern over the next twelve months.
Global Gas Corporation reported a small, early-stage Q1 with no revenue and a net loss of $18,276. Cash fell sharply to $5,472 as of March 31, 2026, against a working capital deficit of $299,776 and an accumulated deficit of $440,748.
Management states that these conditions raise substantial doubt about the company’s ability to continue as a going concern. Global Gas remains pre‑revenue, is building a project pipeline in hydrogen and carbon recovery, and its shares now trade on the OTCQB after a 2024 Nasdaq delisting.