Here are the 10-Q quarterly reports from New Era Energy & Digital, Inc. Warrants (NUAIW) 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 NUAIW 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 NUAIW filings page.
New Era Energy & Digital, Inc. reported very small commodity revenues alongside a much larger cost base as it pivots from legacy natural gas into AI-focused data center infrastructure. For the six months ended June 30, 2026, revenue was $551,084 while the net loss widened to $31.3 million, driven largely by $25.3 million of general and administrative expenses, including significant stock-based compensation.
Total assets rose sharply to $174.7 million, including about $80.4 million of land tied mainly to its 493‑acre TCDC data center campus. Cash and cash equivalents increased to $69.8 million, with total cash, equivalents and restricted cash of $84.8 million, supported by a $112.5 million underwritten equity offering, $26.2 million of warrant exercises, and a $20.0 million draw on a Macquarie term loan facility of up to $290.0 million.
Management now reports a working capital surplus of $82.9 million and concludes that prior substantial doubt about going concern has been alleviated. The quarter also included a $70 million TCDC asset acquisition, a $1.0 million environmental settlement accrual, a shareholder class action disclosure, and a restatement of prior Q1 2026 results related to performance stock unit accounting and fee classification.
New Era Energy & Digital, Inc. filed an amended quarterly report to restate its unaudited results for the three months ended March 31, 2026 due to errors in stock-based compensation and transaction cost accounting. Grant-date fair value for performance stock units was revised to $57.3 million, increasing Q1 2026 stock-based compensation to $5.2 million and contributing to a restated net loss of $10.8 million, or $(0.19) per share.
Reclassifying $1.63 million of legal and accounting fees from expense to capitalized or deferred costs increased total assets by $1.33 million and stockholders’ equity by $1.45 million. Despite this, the company reported a $57.2 million working capital deficit and disclosed that its liquidity position raises substantial doubt about its ability to continue as a going concern.
Management and the audit committee concluded the original Q1 2026 financial statements should no longer be relied upon and identified material weaknesses in internal control over financial reporting related to share-based payment valuation and expense attribution, and to the review and classification of professional and transaction costs.