OLOX
Olenox Industries Inc.
$5.11
-0.36 (-6.58%)
At close · Jul 15
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
$6.94M
Shares
1,302,635
Private capital raises reported to the SEC on Form D under Regulation D, showing the offering size, amount sold, minimum investment and number of investors. Public operating companies rarely raise capital this way, so this page is often empty.
| Filed | Type | Industry | Offering | Sold | Exemptions |
|---|---|---|---|---|---|
| 2024-05-16 | New | Other Real Estate | $4,000,000 | $4,000,000 | 06b |
| 2024-03-27 | New | Other Real Estate | $494,213 | $494,213 | 06b |
| 2024-01-22 | New | Other Real Estate | $1,300,000 | $650,000 | 06b |
| 2023-02-14 | New | Construction | $1,100,000 | $1,100,000 | 06b |
| 2021-11-03 | New | Construction | $11,547,812 | $11,547,812 | 06b |
Showing 1–5 of 5 filings