SolarWindow Technologies Files Q1 2025 10-Q

TL;DR

SolarWindow (WNDW) filed its Q1 2025 10-Q. Financials are in.

AI Summary

SolarWindow Technologies, Inc. filed its quarterly report for the period ending November 30, 2024. The company, formerly known as New Energy Technologies, Inc., is based in Scottsdale, AZ. This filing covers the first quarter of their fiscal year, which ends on August 31st.

Why It Matters

This 10-Q filing provides investors with an update on SolarWindow Technologies' financial performance and operational status for the first quarter of fiscal year 2025.

Risk Assessment

Risk Level: medium — As a technology company in a developing sector, SolarWindow Technologies faces inherent risks related to market adoption, competition, and technological advancements.

Key Numbers

• 2024-11-30 — Reporting Period End Date (This is the end date for the financial information presented in the 10-Q.)
• 2025-01-14 — Filing Date (Indicates when the company submitted its quarterly report to the SEC.)
• 0831 — Fiscal Year End (Defines the end of the company's annual accounting period.)

Key Players & Entities

• SolarWindow Technologies, Inc. (company) — Filer of the 10-Q report.
• New Energy Technologies, Inc. (company) — Former name of SolarWindow Technologies, Inc.
• 2024-11-30 (date) — End of the reporting period for the 10-Q.
• 2025-01-14 (date) — Date the 10-Q was filed.
• Scottsdale, AZ (location) — Business address of SolarWindow Technologies, Inc.

FAQ

Key Financial Figures

• $0 — 8,399 shares of common stock, par value $0.001, were outstanding on January 13, 20
• $200,000 — nded November 30, 2024 and 2023, $0 and $200,000 of time were redeemed, respectively. Du
• $65,534 — 30, 2024 and 2023, the Company received $65,534 and $5,915, respectively, of earned int
• $5,915 — 2023, the Company received $65,534 and $5,915, respectively, of earned interest on it
• $2,500,000 — e deposits, which consist of a 12-month $2,500,000 fixed-term deposit earning interest of
• $500,000 — arning interest of 5.2%, and a 12-month $500,000 fixed-term deposit earning interest of
• $38,020 — ome related to short-term investment of $38,020 and $67,957, respectively. 6 Prepai
• $67,957 — to short-term investment of $38,020 and $67,957, respectively. 6 Prepaid Expenses a
• $750 — unsel on an hourly basis at the rate of $750 per hour. Fees for legal services and e

Filing Documents

• f10q_011425.htm (10-Q) — 454KB
• exh_311.htm (EX-31.1) — 9KB
• exh_312.htm (EX-31.2) — 9KB
• exh_321.htm (EX-32.1) — 5KB
• 0001171843-25-000250.txt ( ) — 3029KB
• wndw-20241130.xsd (EX-101.SCH) — 27KB
• wndw-20241130_cal.xml (EX-101.CAL) — 39KB
• wndw-20241130_def.xml (EX-101.DEF) — 70KB
• wndw-20241130_lab.xml (EX-101.LAB) — 198KB
• wndw-20241130_pre.xml (EX-101.PRE) — 160KB
• f10q_011425_htm.xml (XML) — 424KB

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION

Consolidated Financial Statements

Item 1. Consolidated Financial Statements Consolidated Balance Sheets 1 Consolidated Statements of Operations and Comprehensive Loss 2 Consolidated Statements of Stockholders' Equity 3 Consolidated Statements of Cash Flows 4

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 5

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 12

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 17

Controls and Procedures

Item 4. Controls and Procedures 17

OTHER INFORMATION

PART II OTHER INFORMATION

Risk Factors

Item 1A. Risk Factors 17

Exhibits

Item 6. Exhibits 18

Signatures

Signatures 19 Certifications

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

Consolidated Financial Statements

Item 1. Consolidated Financial Statements SOLARWINDOW TECHNOLOGIES, INC. CONSOLIDATED BALANCE SHEETS November 30, August 31, 2024 2024 ASSETS (Unaudited) Current assets Cash and cash equivalents $ 721,879 $ 1,249,446 Short-term investments 3,000,000 3,000,000 Deferred research and development costs 42,141 45,706 Prepaid expenses and other current assets 755,571 681,529 Current assets of discontinued operations 12,899 13,489 Total current assets 4,532,490 4,990,170 Property and Equipment, net 11,813 13,458 Total assets $ 4,544,303 $ 5,003,628 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable and accrued expenses $ 95,196 $ 85,922 Related party payables 158,745 113,120 Current liabilities of discontinued operations 106,445 122,470 Total current liabilities 360,386 321,512 Total liabilities 360,386 321,512 Commitments and contingencies Stockholders' equity Preferred stock: $ 0.10 par value; 1,000,000 shares authorized, no shares issued and outstanding - - Common stock: $ 0.001 par value; 300,000,000 shares authorized, 53,198,399 shares issued and outstanding at November 30, 2024 and August 31, 2024 53,198 53,198 Additional paid-in capital 83,590,467 83,538,904 Accumulated other comprehensive loss ( 74,401 ) ( 76,702 ) Accumulated deficit ( 79,385,347 ) ( 78,833,284 ) Total stockholders' equity 4,183,917 4,682,116 Total liabilities and stockholders' equity $ 4,544,303 $ 5,003,628 (The accompanying notes are an integral part of these consolidated financial statements) 1 SOLARWINDOW TECHNOLOGIES, INC. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) For the Three Months Ended November 30, 2024 2023 Revenue $ - $ - Operating expenses: Selling, general and administrative 457,952 451,501 Research and development 137,179 116,696 Total operating expenses 595,131 568,197 Loss from operations ( 59

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) NOTE 1 – Organization Organization SolarWindow Technologies, Inc. was incorporated in the State of Nevada on May 5, 1998 (" SWT " and together with its controlled subsidiary companies, SolarWindow Asia (USA) Corp., and SolarWindow Asia Co. Ltd, collectively, the " Company "). SolarWindow technology harvests light energy from the sun and from artificial light sources using a transparent and ultra-lightweight coating of organic photovoltaic (" OPV ") solar cells applied to glass and plastics, thereby generating electricity. The Company's ticker symbol is WNDW. On August 24, 2020, SolarWindow Technologies, Inc. formed wholly owned SolarWindow Asia (USA) Corp., a Nevada Corporation, as the holding company for SolarWindow Asia Co. Ltd., (the " Korean Subsidiary ") a company formed in the Republic of Korea for the purpose of expansion into the Asian markets. On January 13, 2023, the Board formally elected to dissolve the Korean Subsidiary. SWT has retained a local accountant and legal counsel in South Korea to assist in the dissolution of the Korean Subsidiary. Liquidity The Company has not generated any revenue since inception and has sustained recurring losses and negative cash flows from operations since inception. We expect to incur losses as we continue to develop and further refine and promote our technologies and potential product applications. As of November 30, 2024, the Company had $ 3,721,879 of cash, cash equivalents and short-term investments, and working capital of $ 4,172,104 . The Company believes that it currently has sufficient cash to meet its funding requirements over the next twelve months following the issuance of this Quarterly Report on Form 10-Q. However, the Company has experienced and continues to experience negative cash flows from operations, as well as an ongoing requirement for additional capital investment. The Company expects that it may need to raise additional capital to co

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View this 10-Q filing on SEC EDGAR