For the year ending 2025-12-31.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Provision for income taxes | - | 0 | ||
| Revenues, net (includes related party of 49,671 and 6,180 for the year ended december31, 2025 and december31, 2024, respectively) | 301,647 | 168,721 | ||
| Cost of revenues | 61,373 | 36,593 | ||
| Gross profit | 240,274 | 132,128 | ||
| Professional fees | 1,270,109 | 966,815 | ||
| Salaries and benefits | 1,879,283 | 1,500,089 | ||
| Selling, general and administrative | 4,398,241 | 4,228,986 | ||
| Research and development | 1,083,522 | 1,190,884 | ||
| Total operating expenses | 8,631,155 | 7,886,774 | ||
| Loss from operations | -8,390,881 | -7,754,646 | ||
| Gain on extinguishment of debt | - | 0 | ||
| Interest income, net | -8,240 | -3,193 | ||
| Gain on sale of short-term investments | 126,940 | 130,110 | ||
| Other income | 34,568 | 9,310 | ||
| Total other income, net | 169,748 | 142,613 | ||
| Loss before provision for income taxes | -8,221,133 | -7,612,033 | ||
| Loss before equity in net earnings of affiliate | - | -7,612,033 | ||
| Loss before net (loss)/earnings of affiliate | -8,221,133 | - | ||
| Equity in net earnings of affiliate | - | 4,851 | ||
| Net (loss)/earnings of affiliate | -1,048 | - | ||
| Net loss | -8,222,181 | -7,607,182 | ||
| Unrealized gain (loss) from short-term investments | 919 | -108 | ||
| Comprehensive loss | -8,221,262 | -7,607,290 | ||
| Basic EPS | -0.5 | -0.83 | ||
| Diluted EPS | -0.5 | -0.83 | ||
| Basic Average Shares | 16,392,465 | 9,215,772 | ||
| Diluted Average Shares | 16,392,465 | 9,215,772 | ||
Nexalin Technology, Inc. (NXL)
Nexalin Technology, Inc. (NXL)