Here are the 10-Q quarterly reports from Non-Invasive Monitorg (NIMU) 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 NIMU 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 NIMU filings page.
Non-Invasive Monitoring Systems, Inc., a shell company with no active operations, reported a larger net loss of $284,000 for the quarter and $447,000 for the six months ended June 30, 2026, compared with $42,000 and $81,000 a year earlier. General and administrative expenses rose to $261,000 for the quarter and $404,000 for the half, from $26,000 and $49,000, primarily due to professional fees related to a planned all‑stock merger with Gravitics, Inc.
Cash increased to $160,000 from $6,000, funded mainly by $400,000 of related‑party notes and an $809,706 Convertible Promissory Note issued to an unrelated investor, whose proceeds were used to repay $720,000 of principal and $89,706 of interest on insider notes. Total liabilities were $1,607,000 and shareholders’ deficit was $1,443,000 at June 30, 2026, and the company disclosed substantial doubt about its ability to continue as a going concern.
The convertible note bears interest at 11% initially, rising to 22%, and is contingently convertible at $2.95 per share into up to 275,069 common shares, subject to a beneficial ownership cap. A 1‑for‑150 reverse stock split became effective July 30, 2026. Management reported a material weakness in internal control over financial reporting and concluded disclosure controls were not effective.
Non-Invasive Monitoring Systems, Inc. reports first-quarter 2026 results as a shell company with no operating revenue and ongoing losses. Net loss widened to about $163,000 for the three months ended March 31, 2026, from $39,000 a year earlier, mainly because general and administrative expenses rose to $144,000 from $23,000 due to professional fees tied to a planned merger with Gravitics.
The balance sheet remains weak. Cash was only $24,000 at March 31, 2026, against total liabilities of about $1.19 million and a shareholders’ deficit of roughly $1.16 million. The company carries $720,000 of related-party notes payable to entities controlled by major shareholders and executives, all at 11% interest, and subsequently added $300,000 more in May 2026.
Management states there is substantial doubt about the company’s ability to continue as a going concern, citing continuing losses, negative working capital and very limited cash. The company also discloses a material weakness in internal control over financial reporting, driven by insufficient personnel and weak segregation of duties, although management believes the financial statements fairly present the company’s condition.