Every 10-Q that KINETIC SEAS INC (KSEZ) has filed with the SEC in the last 24 months is listed below, 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 KSEZ 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 KSEZ filings page.
Kinetic Seas Inc. (KSEZ) reported a sharp ramp-up in activity for the six months ended June 30, 2026, driven by its AI software and Sagtec partnership. Total revenue was $1,065,395, up from $67,871 a year earlier, including $1,039,500 of product sales recognized from Sagtec-related deferred revenue. Gross profit was $1,065,395 versus a gross loss in 2025.
Operating expenses fell to $605,579 from $1,169,397, mainly from lower professional fees and payroll, producing income from operations of $459,816 versus a prior loss of $1,171,665. However, a $1,602,602 non-cash loss on debt extinguishment related to transferring Sagtec shares to settle debt and interest expense led to a net loss of $1,023,481, slightly better than the $1,242,668 loss in 2025. The balance sheet remains strained: cash was $0, working capital deficit about $2.18 million, stockholders’ deficit $1.25 million, and notes payable principal $539,846. Management discloses substantial doubt about the company’s ability to continue as a going concern and plans to rely on additional equity and debt financing. Post-period, Kinetic Seas fully repaid its Eagle note and entered a new $210,000 6% convertible note with CFI and expanded its Sagtec/MaluDb commercialization via the Skilliks.AI platform.
Kinetic Seas Incorporated reported a larger quarterly loss while ramping its AI consulting business. For the three months ended March 31, 2026, revenue rose to $545,645, mainly from recognizing $519,750 of previously deferred product revenue and $25,895 of consulting revenue.
The company posted a net loss of $1,375,608, or $0.03 per share, driven by a non-cash $1,602,602 loss on debt extinguishment, higher operating expenses of $363,246, and interest expense. Investment income of $98,296 partly offset these items.
Cash increased to $205,667, but operating activities used $254,064 of cash, and notes payable totaled $602,564 as of March 31, 2026. Common shares outstanding grew to 57,145,926 due to debt conversions, financing fees, and share-based compensation. Management states current operations do not generate enough cash to fund the next 12 months and that additional financing will be required.
Kinetic Seas Incorporated reported modest consulting revenue growth but remains in a fragile financial position for the quarter ended September 30, 2025. Consulting revenue rose to $91,537 for the quarter (from $64,966 a year earlier) and $159,408 for the nine months (from $137,291), while the quarterly net loss narrowed to $206,111 from $1,053,518. Operating expenses fell sharply year over year, reflecting lower start-up and professional costs. However, the company ended the period with no cash, total assets of $149,932, a stockholders’ deficit of $852,610, and short-term notes and related-party debt carrying interest rates up to 36%. Management discloses a going concern uncertainty, citing a working capital deficit of about $928,153, continued operating losses, and dependence on external financing, including dilutive equity issuances and high-cost borrowings.