BESS 最新10-Q变化

相对上期新增的文字 · 来源:10-Q · 2026-08-14

• Three Months ended June 30, 2026 Three Months ended June 30, 2025 $ Change % Change

• The Company has generated $7.9 million in revenues with $4.8 million in gross profit from its primary business for the three months ended June 30, 2026, as compared to no revenues for the three months ended June 30, 2025. The revenues are primarily related to development fees for BESS projects. Appr…

• General and administrative expenses have increased significantly, $2.4 million ($0.9 million non-cash) for the three months ended June 30, 2026, compared to the three months ended June 30, 2025. The primary increase was a non-cash expense of approximately $0.9 million of non-cash stock compensation.…

• Comparison of the six month period ended June 30, 2026, with the six month period ended June 30, 2025

• The following table summarizes our results of operations for the periods presented:

相对上期删除的文字 · 来源:10-Q · 2026-05-15

• The Company has generated no revenues from its primary business for the three months ended March 31, 2026, and March 31, 2025.

• General and administrative expenses have increased significantly for the three months ended March 31, 2026, compared to the three months ended March 31, 2025. The primary increase was approximately $2,251,000 of non-cash stock compensation, $193,000 Delaware franchise tax and $155,000 legal fees.

• As of March 31, 2026, and December 31, 2025, we had total current liabilities of $5.2 million and $7.8 million, respectively, and current assets of $11.4 million and $3.3 million, respectively, to meet our current obligations. As of March 31, 2026, we had working capital of $6.3 million as compared …

• For the three months ended March 31, 2026, cash used in operations was approximately $2.9 million, primarily driven by net loss of approximately $3.8 million and decreases in accounts payable and related-party accounts payable of approximately $1.7 million, partially offset by noncash stock-based co…

• For the three months ended March 31, 2026, cash provided by financing activities was approximately $11.4 million, including approximately $12.3 million of net cash proceeds from the February 2026 offering after cash financing costs, offset by repayment of approximately $0.8 million of related-party …

相对上期新增的文字 · 来源:10-Q · 2026-08-14

• Management’s Report on Internal Control over Financial Reporting

• Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in the Securities Exchange Act of 1934 Rule 13a-15(f). Our management conducted an evaluation of the effectiveness of our internal control over financial reporti…

• As of June 30, 2026, management assessed the effectiveness of our internal control over financial reporting based on the criteria for effective internal control over financial reporting established in Internal Control-Integrated Framework of 2013 issued by the Committee of Sponsoring Organizations o…

• We are working to remediate the deficiencies and material weaknesses. Our remediation efforts are ongoing, and we will continue our initiatives to implement and document policies, procedures, and internal controls. Executive management, in consultation with and at the direction of our Audit Committe…

• Although we plan to complete this remediation process as quickly as possible, we are unable, at this time to estimate how long it will take; and our efforts may not be successful in remediating the deficiencies or material weaknesses.

相对上期删除的文字 · 来源:10-Q · 2026-05-15

• Based on his evaluation, the Co-CEO/CFO concluded that our disclosure controls and procedures were not effective as of March 31, 2026, because of the material weaknesses in our internal control over financial reporting described below.

• A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of annual or interim financial statements will not be prevented or detected on a timely basis.

• In connection with our audit of the financial statements for the year ended December 31, 2025 and management’s evaluation as of March 31, 2026, we identified material weaknesses in the design and operating effectiveness of our internal control over financial reporting related to the fact that we did…

• These material weaknesses contributed to the following additional material weakness: we did not design and maintain effective (i) general controls over information systems that support the financial reporting process, (ii) controls over the completeness and accuracy of information used in the operat…

• There were no adjustments that resulted from the above material weaknesses. However, these material weaknesses could result in a misstatement of substantially all of our accounts or disclosures that would result in a material misstatement of our annual or interim financial statements that would not …