NXGLW · Nexgel, Inc. · Debt
Substantial doubt about the company's ability to continue as a going concern.
“As of June 30, 2026, the Company had an unrestricted cash balance of $0.5 million. For the six months ended June 30, 2026, the Company incurred a net loss of $4.5 million and had a net usage of cash in operating activities of $2,701 thousand. These conditions raise substantial doubt about the Company's ability to continue as a going concern.”View the 10-Q filed Aug 17, 2026
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Current portion of notes payable | 2026-06-30 | USD 102,000 | 10-Q filed 2026-08-17 |
| Finance lease liabilities | 2026-06-30 | USD 275,000 | 10-Q filed 2026-08-17 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
| Noncurrent convertible debt | 2026-06-30 | USD 3,054,000 | 10-Q filed 2026-08-17 |
| Noncurrent notes payable | 2026-06-30 | USD 437,000 | 10-Q filed 2026-08-17 |
| Operating lease liabilities | 2026-06-30 | USD 3,594,000 | 10-Q filed 2026-08-17 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.