For the quarter ending 2025-09-30, NXL made $2,442,725 in revenue. -$2,277,772 in net income. Net profit margin of -93.25%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Provision for income taxes | - | 0 | - | 0 |
| Revenues, net (includes related party of 0 and 400 for the three months ended and 11,859 and 1,200 for the nine months ended, respectively) | 18,149 | 70,588 | 41,015 | 52,925 |
| Cost of revenues | 3,948 | 22,838 | 13,558 | 8,326 |
| Gross profit | 14,201 | 47,750 | 27,457 | 44,599 |
| Professional fees | 265,149 | 178,597 | 367,816 | 231,772.5 |
| Salaries and benefits | 448,084 | 370,401 | 335,358 | 449,217 |
| Selling, general and administrative | 1,420,079 | 893,836 | 929,220 | 742,721.5 |
| Research and development | 226,520 | 225,774 | 406,288 | 595,442 |
| Total operating expenses | 2,359,832 | 1,668,608 | 2,038,682 | 2,019,153 |
| Loss from operations | -2,345,631 | -1,620,858 | -2,011,225 | -1,974,554 |
| Gain on extinguishment of debt | - | - | - | 0 |
| Interest income, net | -2,288 | -4,690 | -1,103 | -1,063.5 |
| Gain on sale of short-term investments | 46,774 | 32,438 | 20,119 | 31,070.5 |
| Other income | 20,258 | 2,743 | 2,714 | 2,212.5 |
| Total other income, net | 69,320 | 39,871 | 23,936 | 34,346.5 |
| Loss before provision for income taxes | -2,276,311 | -1,580,987 | -1,987,289 | -1,903,008.25 |
| Loss before equity in net earnings of affiliate | -2,276,311 | -1,580,987 | -1,987,289 | -1,903,008.25 |
| Equity in net earnings (loss) of affiliate | 0 | 0 | -1,048 | 2,991.5 |
| Net loss | -2,276,311 | -1,580,987 | -1,988,337 | -1,937,216 |
| Unrealized gain (loss) from short-term investments | -1,461 | 513 | 830 | -14 |
| Comprehensive loss | -2,277,772 | -1,580,474 | -1,987,507 | -1,937,230 |
| Net loss per share attributable to common stockholders - basic | -0.13 | -0.1 | -0.15 | -0.215 |
| Net loss per share attributable to common stockholders - diluted | -0.13 | -0.1 | -0.15 | -0.215 |
| Weighted average shares outstanding - basic | 17,793,828 | 15,718,149 | 13,307,319 | -4,564,627.5 |
| Weighted average shares outstanding - diluted | 17,793,828 | 15,718,149 | 13,307,319 | -4,564,627.5 |
Nexalin Technology, Inc. (NXL)
Nexalin Technology, Inc. (NXL)