CLCS · Cell Source, Inc.
Substantial doubt about the company's ability to continue as a going concern.
“During the three months ended March 31, 2025, we did not generate any revenues, incurred a net loss of approximately $1,482,000 and used cash in operations of approximately $600,000. As of March 31, 2025, we had a working capital deficiency of approximately $20,136,000 and an accumulated deficit of approximately $47,662,000. As of March 31, 2025 and through the date of this filing, notes payable with principal amounts totaling approximately $6,328,000 and $11,116,000, respectively, were past due. We will continue to incur net operating losses to fund operations. These conditions raise substantial doubt about our ability to continue as a going concern for at least one year from the date these financial statements are issued.”View the 10-Q filed May 14, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2021-08-09 | Soave Darlene |
Director, 10% Owner |
Other↑
Filing footnotes — Warrant (Option to buy) (Direct)
Issued in connection with funding of convertible note. |
Warrant (Option to buy)
|
800,000 |
| 2021-06-30 | Brown Dennis M |
Director |
Other↑
Filing footnotes — Common Stock (Direct)
Issued as payment-in-kind dividend on Series A Convertible Preferred Stock. |
Common Stock
|
2,976 |
| 2021-06-30 | ZOLTY DAVID |
Director |
Other↑
Filing footnotes — Common Stock (Indirect)
Issued as payment-in-kind dividend on Series A Convertible Preferred Stock. Owned by a company wholly owned by the reporting person. |
Common Stock
(I)
|
4,860 |
| 2021-06-30 | FRIEDMAN BENZION ABRAHAM |
Director, 10% Owner |
Other↑
Filing footnotes — Common Stock (Indirect)
Issued as payment-in-kind dividend on Series A Convertible Preferred Stock. Owned by a company wholly owned by the wife of the reporting person. |
Common Stock
(I)
|
19,440 |
| 2021-06-30 | Soave Darlene |
Director, 10% Owner |
Other↑
Filing footnotes — Common Stock (Direct)
Issued as payment-in-kind dividend on Series A Convertible Preferred Stock. |
Common Stock
|
59,507 |
| 2021-03-08 | SHIMRAT ITAMAR |
Director, President, Treasurer and CFO |
Award↑
|
Director Stock Option (Right to Buy)
|
600,000 |
| 2021-03-08 | SHIMRAT ITAMAR |
Director, President, Treasurer and CFO |
Award↑
|
Employee Stock Option (Right to Buy)
|
750,000 |
| 2020-12-29 | Brown Dennis M |
Director |
Other↑
Filing footnotes — Common Stock (Direct)
Issued as payment-in-kind dividend on Series A Convertible Preferred Stock. |
Common Stock
|
3,025 |
| 2020-12-29 | ZOLTY DAVID |
Director |
Other↑
Filing footnotes — Common Stock (Indirect)
Issued as payment-in-kind dividend on Series A Convertible Preferred Stock. Owned by a company wholly owned by the reporting person. |
Common Stock
(I)
|
4,941 |
| 2020-12-29 | FRIEDMAN BENZION ABRAHAM |
Director, 10% Owner |
Other↑
Filing footnotes — Common Stock (Indirect)
Issued as payment-in-kind dividend on Series A Convertible Preferred Stock. Owned by a company wholly owned by the wife of the reporting person. |
Common Stock
(I)
|
19,672 |
| 2020-08-20 | ZOLTY DAVID |
Director |
Other↓
|
Director Stock Option (Right to Buy)
|
300,000 |
| 2020-08-20 | ZOLTY DAVID |
Director |
Award↑
Filing footnotes — Director Stock Option (Right to Buy) (Indirect)
Owned by a company wholly owned by the reporting person. |
Director Stock Option (Right to Buy)
(I)
|
300,000 |
| 2020-08-20 | FRIEDMAN BENZION ABRAHAM |
Director, 10% Owner |
Other↓
|
Director Stock Option (Right to Buy)
|
300,000 |
| 2020-08-20 | FRIEDMAN BENZION ABRAHAM |
Director, 10% Owner |
Award↑
Filing footnotes — Director Stock Option (Right to Buy) (Indirect)
Owned by a company wholly owned by the wife of the reporting person. |
Director Stock Option (Right to Buy)
(I)
|
300,000 |
| 2020-08-19 | FRIEDMAN BENZION ABRAHAM |
Director, 10% Owner |
Award↑
|
Director Stock Option (Right to Buy)
|
300,000 |
| 2020-08-19 | Brown Dennis M |
Director |
Award↑
|
Director Stock Option (Right to Buy)
|
450,000 |
| 2020-08-19 | ZOLTY DAVID |
Director |
Award↑
|
Director Stock Option (Right to Buy)
|
300,000 |
| 2020-06-30 | FRIEDMAN BENZION ABRAHAM |
Director, 10% Owner |
Other↑
Filing footnotes — Common Stock (Indirect)
Issued as payment-in-kind dividend on Series A Convertible Preferred Stock. Owned by a company wholly owned by the wife of the reporting person. |
Common Stock
(I)
|
19,547 |
| 2020-06-30 | ZOLTY DAVID |
Director |
Other↑
Filing footnotes — Common Stock (Indirect)
Issued as payment-in-kind dividend on Series A Convertible Preferred Stock. Owned by a company wholly owned by the reporting person. |
Common Stock
(I)
|
4,887 |
| 2020-06-30 | Brown Dennis M |
Director |
Other↑
Filing footnotes — Common Stock (Direct)
Issued as payment-in-kind dividend on Series A Convertible Preferred Stock. |
Common Stock
|
2,992 |