OLOX
Olenox Industries Inc.
$5.41
+0.11 (+2.08%)
At close · Jul 8
Going-concern doubt
— flagged Jun 30, 2026
Substantial doubt about the company's ability to continue as a going concern.
“Our independent registered public accounting firm has expressed substantial doubt about our ability to continue as a going concern. The report of our independent registered public accounting firm contains an explanatory paragraph stating that the accompanying consolidated financial statements have been prepared assuming we will continue as a going concern. At December 31, 2025 and 2024, we had cash and cash equivalents and a short-term investment, collectively, of $427,866 and $375,873, respectively. During the fiscal years ended December 31, 2025 and 2024, we reported a net loss of $18,820,190 and $16,979,682, respectively, and used $7,970,959 and $10,898,755 of cash for operations, respectively, and we expect to incur additional net losses in future periods. Our ability to continue as a going concern is dependent upon our ability to raise additional capital, and there can be no assurance that such capital will be available in sufficient amounts, on a timely basis, on acceptable terms, or at all. This raises substantial doubt about our ability to continue as a going concern within one year after the date hereof.”View the 10-K filed Jun 30, 2026
Market Cap
$7.05M
Shares
1,302,635
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
No Compensation Data
No Summary Compensation Table has been imported from this company's proxy statements yet.
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Erik Blum | President | Appointed | 2026-06-11 |