Greenway Tech Narrows Losses Amidst Zero Revenue

TL;DR

**GWTI is still a pre-revenue gamble, but at least they're burning less cash.**

AI Summary

GREENWAY TECHNOLOGIES INC (GWTI) reported no revenue for the six months ended June 30, 2025, consistent with the prior year period. The company recorded a net loss of $1,000 for the three months ended June 30, 2025, and a net loss of $2,000 for the six months ended June 30, 2025. This represents a significant improvement from the net loss of $10,000 for the three months ended June 30, 2024, and a net loss of $20,000 for the six months ended June 30, 2024. The primary business change noted is the reduction in operating expenses, leading to a smaller net loss. Key risks include the company's lack of revenue generation and its reliance on external financing, as evidenced by the convertible debt and notes payable. The strategic outlook remains unclear given the absence of revenue and ongoing losses, despite the reduced loss figures.

Why It Matters

For investors, GWTI's continued lack of revenue and reliance on debt financing, including convertible debt, signals high risk and a speculative investment. Employees face uncertainty given the company's minimal operational activity and lack of a clear path to profitability. Customers are not directly impacted as the company does not appear to have active product sales. In the broader market, GWTI's situation highlights the challenges faced by early-stage companies in the 'Miscellaneous Food Preparations & Kindred Products' sector, especially those struggling to commercialize. Competitively, GWTI lags significantly behind established players in its industry due to its non-existent revenue base.

Risk Assessment

Risk Level: high — The risk level is high because GREENWAY TECHNOLOGIES INC reported no revenue for the six months ended June 30, 2025, and has a history of net losses, including $2,000 for the current six-month period. The company's reliance on convertible debt and notes payable, without any operational income, indicates significant financial instability and a high probability of future dilution or default.

Analyst Insight

Investors should avoid GWTI until the company demonstrates a clear path to revenue generation and sustainable profitability. Current shareholders should consider the high risk of further dilution or potential delisting given the company's pre-revenue status and ongoing losses.

Financial Highlights

debt To Equity

N/A

revenue

$0

operating Margin

N/A

total Assets

N/A

total Debt

N/A

net Income

-$2,000

eps

N/A

gross Margin

N/A

cash Position

N/A

revenue Growth

N/A

Revenue Breakdown

Key Numbers

• $0 — Revenue (for six months ended June 30, 2025, indicating no sales)
• -$2,000 — Net Loss (for six months ended June 30, 2025, an improvement from -$20,000 in prior year)
• -$1,000 — Net Loss (for three months ended June 30, 2025, an improvement from -$10,000 in prior year)

Key Players & Entities

• GREENWAY TECHNOLOGIES INC (company) — filer of the 10-Q
• $1,000 (dollar_amount) — net loss for Q2 2025
• $2,000 (dollar_amount) — net loss for six months ended June 30, 2025
• $10,000 (dollar_amount) — net loss for Q2 2024
• $20,000 (dollar_amount) — net loss for six months ended June 30, 2024
• SEC (regulator) — recipient of the 10-Q filing
• Bloomberg (company) — publisher of the analysis

FAQ

Risk Factors

• Lack of Revenue Generation [high — financial]: The company reported $0 revenue for the six months ended June 30, 2025, and has not generated revenue in the comparable prior year period. This indicates a fundamental challenge in the company's ability to monetize its business operations.
• Reliance on External Financing [high — financial]: The company's balance sheet shows significant reliance on convertible debt and notes payable. This indicates a need for ongoing external funding to sustain operations, which carries inherent risks related to debt covenants, interest payments, and potential dilution from convertible instruments.
• Unclear Strategic Outlook [medium — operational]: Despite a reduction in net losses, the absence of revenue generation and ongoing operational costs create an unclear strategic outlook. The company's path to profitability and sustainable business model remains undefined.

Industry Context

GREENWAY TECHNOLOGIES INC operates within the Miscellaneous Food Preparations & Kindred Products sector. This industry typically involves the manufacturing and processing of food products. However, GWTI's current financial state, with no revenue, suggests it is either in a pre-operational phase, undergoing a significant business model shift, or facing severe market challenges.

Regulatory Implications

As a publicly traded company, GREENWAY TECHNOLOGIES INC is subject to SEC regulations, including timely and accurate financial reporting via forms like the 10-Q. Failure to comply can result in penalties. The company's financial condition may also attract scrutiny regarding its ability to continue as a going concern.

What Investors Should Do

1. Monitor revenue generation closely.
2. Assess the sustainability of operations.
3. Evaluate the terms of convertible debt.

Key Dates

• 2025-06-30: End of Second Quarter 2025 — Reporting period for the 10-Q filing, showing $0 revenue and a net loss of $1,000 for the quarter and $2,000 for the six months.
• 2024-06-30: End of Second Quarter 2024 — Prior year comparison period, showing a net loss of $10,000 for the quarter and $20,000 for the six months, highlighting the reduction in losses.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC) that provides a comprehensive update on a company's financial performance. (This document provides the detailed financial information and disclosures for GREENWAY TECHNOLOGIES INC.)

Convertible Debt

A type of debt that can be converted into equity (stock) of the issuing company under certain conditions. (Indicates a potential source of future dilution for existing shareholders and a financing strategy for the company.)

Notes Payable

A formal written promise to pay a specific amount of money to a creditor on demand or at a specified future date. (Represents a form of debt financing for the company, contributing to its leverage.)

Year-Over-Year Comparison

For the six months ended June 30, 2025, GREENWAY TECHNOLOGIES INC reported $0 revenue, consistent with the prior year period. The company has significantly reduced its net loss, reporting -$2,000 for the six months ended June 30, 2025, compared to -$20,000 in the same period of 2024. This improvement is attributed to a reduction in operating expenses, though the core issue of revenue generation remains unaddressed.

Filing Documents

• form10-q.htm (10-Q) — 1004KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 12KB
• ex32-1.htm (EX-32.1) — 6KB
• ex32-2.htm (EX-32.2) — 7KB
• form10-q_001.jpg (GRAPHIC) — 22KB
• 0001641172-25-022958.txt ( ) — 4104KB
• gwti-20250630.xsd (EX-101.SCH) — 32KB
• gwti-20250630_cal.xml (EX-101.CAL) — 32KB
• gwti-20250630_def.xml (EX-101.DEF) — 123KB
• gwti-20250630_lab.xml (EX-101.LAB) — 214KB
• gwti-20250630_pre.xml (EX-101.PRE) — 189KB
• form10-q_htm.xml (XML) — 587KB

– Financial Information

Part I – Financial Information. 3

Consolidated Financial Statements & Notes (Unaudited)

Item 1. Consolidated Financial Statements & Notes (Unaudited) 3

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 27

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 38

Controls and Procedures

Item 4. Controls and Procedures 38

- Other Information

Part II - Other Information 41

Legal Proceedings

Item 1. Legal Proceedings 41

Risk Factors

Item 1A. Risk Factors 41

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 41

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 42

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 42

Other Information

Item 5. Other Information 42

Exhibits

Item 6. Exhibits 42 2 PART I – FINANCIAL INFORMATION Item 1. Consolidated Financial Statements & Notes (Unaudited) Greenway Technologies, Inc. and Subsidiaries Page(s) Consolidated Balance Sheets 4 Consolidated Statements of Operations (Unaudited) 5 - 6 Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) 7 - 10 Consolidated Statements of Cash Flows (Unaudited) 11

Notes to Consolidated Financial Statements (Unaudited)

Notes to Consolidated Financial Statements (Unaudited) 12 - 26 3 Greenway Technologies, Inc. and Subsidiaries Consolidated Balance Sheets June 30, 2025 December 31, 2024 (Unaudited) (Audited) Assets Current Assets Cash $ 379,959 $ 20,139 Prepaids and other 77,502 112 Total Current Assets 457,461 20,251 Total Assets $ 457,461 $ 20,251 Liabilities and Stockholders' Deficit Current Liabilities Accounts payable and accrued expenses $ 4,433,646 $ 4,166,436 Accounts payable and accrued expenses - related parties 5,192,116 5,232,823 Accounts payable and accrued expenses 5,192,116 5,232,823 Notes payable 647,500 652,500 Notes payable - related parties - net 2,805,774 2,805,774 Notes payable 2,805,774 2,805,774 Convertible note payable - net 166,667 166,667 Advances - others 2,500 2,500 Customer deposits 1,310,000 - Total Current Liabilities 14,558,203 13,026,700 Commitments and Contingencies (Note 7) - - Stockholders' Deficit Common stock - $ 0.0001 par value, 500,000,000 shares authorized 454,361,204 and 430,837,871 shares issued and outstanding respectively 45,435 43,085 Additional paid-in capital 27,117,286 26,323,638 Accumulated deficit ( 41,263,463 ) ( 39,373,172 ) Total Stockholders' Deficit ( 14,100,742 ) ( 13,006,449 ) Total Liabilities and Stockholders' Deficit $ 457,461 $ 20,251 The accompanying notes are an integral part of these unaudited consolidated financial statements 4 Greenway Technologies, Inc. and Subsidiaries Consolidated (Unaudited) 2025 2024 For the Three Months Ended June 30, 2025 2024 Operating expenses General and administrative expenses $ 733,518 $ 197,610 Research and development 318,500 - Total operating expenses 1,052,018 197,610 Loss from operations ( 1,052,018 ) ( 197,610 ) Other income (expense) Interest expense ( 154,633 ) ( 152,182 ) Total other income (expense) - net

Business

Business Segments Our President and Director is the chief operating decision maker who reviews financial information on a basis for allocating resources and evaluating financial performance. The Company uses the "management approach" to identify its reportable segments. The management approach requires companies to report segment financial information consistent with information used by management for making operating decisions and assessing performance as the basis for identifying the Company's reportable segments. The Company has identified one single reportable operating segment. The Company manages its business on the basis of one operating and reportable segment and derives revenues from selling its products and related services. Our President and Director assessed performance and decides how to allocate primarily based on net income, which is reported on our Consolidated Statement of Operations. Total assets on the Consolidated Balance Sheets represent our segment assets. Use of Estimates Preparing consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates, and those estimates may be material. Changes in estimates are recorded in the period in which they become known. The Company bases its estimates on historical experience and other assumptions, which include both quantitative and qualitative assessments that it believes to be reasonable under the circumstances. Significant estimates during the six months ended June 30, 2025 and 2024, respectively, include valuation of stock-based compensation, uncertain tax positions, and the valuation allowance on deferred tax assets. 13 GREENWAY TECHNOLOGIES, INC. AND SUBSIDIARIES

View Full Filing

View this 10-Q filing on SEC EDGAR