Every 10-Q that NEXSCIENT INC (NXNT) 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 NXNT 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 NXNT filings page.
Nexscient, Inc. reported its first revenue-generating quarter following the April 1, 2026 acquisition of TaskAlpha/Flipside AI. For the three and six months ended June 30, 2026, revenue was $1,110,112, all from Flipside AI’s AI data-engineering services, with four customers providing 76.2% of revenue.
Gross profit was $437,213 (about 39% margin). Operating expenses were $817,287, including a $135,000 software impairment and $81,500 of acquisition-related broker costs. Net loss was $430,456 for the quarter and $557,687 year-to-date. On a pro forma basis, six‑month 2026 revenue would have been $1,795,498 versus $1,160,617 in 2025.
At June 30, 2026, Nexscient held $489,216 of cash, total assets of $4,680,235 (including $2,583,253 of goodwill), and total debt of about $1.73 million. Current liabilities of $1,775,262 exceeded current assets, creating a working-capital deficit and refinancing pressure on short-term Philippine borrowings and a $200,000 Arcadia loan. Management disclosed that substantial doubt about the company’s ability to continue as a going concern has not been alleviated.
The quarter also brought 12.9 million new shares issued (cash raises, acquisition, services and wage settlement), bringing shares outstanding to 34,564,312. Management identified material weaknesses in internal control over financial reporting, driven by limited staffing, lack of formal policies, and complexities from integrating the new international operations.
Nexscient, Inc. reported no revenue for the three and nine months ended March 31, 2026 and remains in development. The company posted a net loss of $127,231 for the quarter and $443,699 for the nine-month period, with operating expenses driven mainly by general and administrative costs.
As of March 31, 2026, Nexscient had $754,990 in cash and $975,739 in total assets, but an accumulated deficit of $2,004,761. Management discloses substantial doubt about the company’s ability to continue as a going concern, estimating its reduced cash burn at about $27,500 per month and current resources as sufficient for a maximum of six months.
To support operations and growth, the company has $530,000 of 9% convertible debentures outstanding and raised equity through private placements, including $750,000 for 3,000,000 shares in the third quarter and a new offering at $0.25 per share that had attracted $475,000 by May 15, 2026. After quarter end, Nexscient completed the acquisition of Flipside AI for $600,000 in cash, a $450,000 seller note convertible at $0.75 per share, and 6,846,000 restricted shares, and appointed a Chief Technology Officer tied to Flipside.
Nexscient, Inc. filed its quarterly report for the period ended December 31, 2025, showing it remains pre-revenue and focused on developing its AI-enabled enterprise solutions platform. The company recorded a net loss of $149,487 for the quarter and $316,468 for the six months, similar to the prior year as operating expenses stayed around $0.3 million. At December 31, 2025, Nexscient held only $28,459 in cash, total assets of $287,515, total liabilities of $783,613, and a stockholders’ deficit of $496,098, and management states there is substantial doubt about its ability to continue as a going concern.
The company has $530,000 of 9% convertible debentures outstanding, potentially convertible into up to 1,060,000 shares, and recently raised $10,000 through an equity issuance plus $50,000 via new debentures. As a key strategic step after quarter-end, Nexscient signed a stock purchase agreement to acquire Crestview BPO Pte. Ltd. (and Flipside Digital Content Company, Inc.) for an aggregate purchase price of $6,184,500, payable in cash, a seller convertible note, and 6,846,000 restricted shares, subject to customary closing conditions. Management also reports material weaknesses in internal control over financial reporting and concludes its disclosure controls and procedures are not effective.
Nexscient, Inc. (NXNT) filed its quarterly report for the three months ended September 30, 2025. The company reported no revenue and a net loss of $166,981. Cash was $58,953 at quarter end, against total liabilities of $667,048 and a stockholders’ deficit of $431,611. Operating expenses rose to $154,934, driven by higher general and administrative costs, partly offset by lower research and development. Convertible debentures outstanding totaled $530,000, with a 9% rate and a floor conversion price of $0.50 per share.
The company disclosed substantial doubt about its ability to continue as a going concern and cited an estimated cash burn of about $22,500 per month. Management concluded disclosure controls and internal control over financial reporting were not effective due to material weaknesses. Subsequent to quarter end, the CFO resigned and the CEO assumed interim CFO duties, and Nexscient entered a 12‑month strategic alliance with Tekcapital, issuing 300,000 restricted shares as consideration. Common shares outstanding were 21,323,312 as of September 30, 2025, and 21,623,312 as of November 12, 2025.