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Nexalin Technology, Inc. (NXL)

Nexalin Technology, Inc. (NXL)

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Balance Sheets Overview

Current Ratio
125.41%
Quick Ratio
109.69%
Cash Ratio
67.69%
Debt to Asset Ratio
49.42%
Unit: Dollar
Assets Breakdown
    • Intangible assets, net
    • Cash and cash equivalents
    • Inventory
    • Others
Liabilities Breakdown
    • Additional paid in capital
    • Accumulated deficit
    • Accrued expenses
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Cash and cash equivalents
1,004,958
1,207,895
654,783
590,075
Short-term investments
-
1,500,590
3,068,429
3,762,602
Accounts receivable, including related party receivables of 7,974 and 37,812, respectively
52,930
43,004
81,571
7,925
Inventory
233,462
179,489
131,473
160,225
Prepaid expenses and other current assets
570,756
359,176
363,014
296,551
Total current assets
1,862,106
3,290,154
4,299,270
4,817,378
Equipment, net of accumulated depreciation of 6,790 and 0, respectively
-
45,169
-
-
Intangible assets, net
-
359,310
336,049
308,562
Equipment, net of accumulated depreciation of 9,527 and 2,683, respectively
42,432
-
-
-
Other assets
-
-
-
0
Intangible assets, net
1,099,641
-
-
-
Total assets
3,004,179
3,694,633
4,635,319
5,125,940
Accounts payable
239,448
168,099
244,579
67,493
Accrued expenses
858,504
640,265
642,754
290,031
Deferred share obligation (note 4)
386,804
-
-
-
Total current liabilities
1,484,756
808,364
887,333
357,524
Total liabilities
1,484,756
808,364
887,333
357,524
Common stock, 0.001 par value 100,000,000 shares authorized 22,003,706 and 19,186,346 shares issued and outstanding at june30, 2026 and december31, 2025, respectively
22,003
20,581
19,186
18,190
Accumulated other comprehensive income
-
494
406
-631
Additional paid in capital
98,700,839
97,829,443
96,595,806
95,241,723
Accumulated deficit
-97,203,419
-94,964,249
-92,867,412
-90,490,866
Total stockholders equity
1,519,423
2,886,269
3,747,986
4,768,416
Total liabilities and stockholders equity
3,004,179
3,694,633
4,635,319
5,125,940
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Cash and cashequivalents$1,004,958 (133.00%↑ Y/Y)Prepaid expenses andother current assets$570,756 (134.39%↑ Y/Y)Inventory$233,462 (34.97%↑ Y/Y)Accounts receivable,including related party...$52,930 (-11.55%↓ Y/Y)Total current assets$1,862,106 (-70.30%↓ Y/Y)Intangible assets, net$1,099,641 (272.92%↑ Y/Y)Equipment, net ofaccumulated depreciation of...$42,432 Total assets$3,004,179 (-54.23%↓ Y/Y)Total liabilities andstockholders equity$3,004,179 (-54.23%↓ Y/Y)Total stockholdersequity$1,519,423 (-74.52%↓ Y/Y)Total liabilities$1,484,756 (147.22%↑ Y/Y)Accumulated deficit-$97,203,419 (-10.19%↓ Y/Y)Additional paid in capital$98,700,839 (4.82%↑ Y/Y)Total currentliabilities$1,484,756 (147.22%↑ Y/Y)Common stock, 0.001 parvalue 100,000,000...$22,003 (26.32%↑ Y/Y)Accrued expenses$858,504 (138.47%↑ Y/Y)Deferred shareobligation (note 4)$386,804 Accounts payable$239,448 (-0.47%↓ Y/Y)