KiNRG Narrows Losses, Boosts Cash Amidst Zero Revenue

Kinrg, Inc. 10-Q Filing Summary
FieldDetail
CompanyKinrg, Inc.
Form Type10-Q
Filed DateDec 2, 2025
Risk Levelhigh
Pages16
Reading Time19 min
Key Dollar Amounts$0, $0.0001
Sentimentbearish

Sentiment: bearish

Topics: Green Energy, No Revenue, Net Loss, Equity Financing, High Risk, Accumulated Deficit, Dilution

TL;DR

**KiNRG is burning cash and issuing stock to stay afloat with no revenue, making it a highly speculative bet on unproven green energy tech.**

AI Summary

KiNRG, Inc., a green energy company, reported a consolidated net loss of $335,425 for the three months ended September 30, 2025, a decrease from a net loss of $373,350 for the same period in 2024. For the nine months ended September 30, 2025, the consolidated net loss was $808,678, an improvement from $1,028,109 in 2024. The company generated no revenue during these periods. Selling, general, and administrative expenses decreased to $788,350 for the nine months ended September 30, 2025, from $935,575 in the prior year. Cash significantly increased to $560,812 as of September 30, 2025, from $23,099 at December 31, 2024, primarily due to $900,000 in financing activities, including $750,000 from common stock sales and $150,000 from warrant exercises. Total current liabilities decreased from $1,098,945 at December 31, 2024, to $799,807 at September 30, 2025, largely due to the sale of Arizona Green Power (AGP) and conversion of related party loans. The company continues to operate at a net loss and has an accumulated deficit of $27,121,378 as of September 30, 2025.

Why It Matters

KiNRG's continued lack of revenue and reliance on equity financing for operations signals high risk for investors, despite a reduction in net losses. The significant increase in cash from $23,099 to $560,812 is a positive for liquidity, but it's entirely from stock sales and warrant exercises, not business operations. For employees and customers, the company's long-term viability remains questionable without a clear path to revenue generation from its 'green energy' and 'HydroThermal Reactors' initiatives. In the competitive green energy market, KiNRG's zero revenue stands in stark contrast to established players, making its strategic outlook highly speculative.

Risk Assessment

Risk Level: high — KiNRG reported zero revenue for both the three and nine months ended September 30, 2025, and 2024, indicating no operational income. The company's accumulated deficit reached $27,121,378 as of September 30, 2025, and it relies heavily on financing activities, raising $900,000 from common stock sales and warrant exercises in the nine months ended September 30, 2025, to fund operations.

Analyst Insight

Investors should exercise extreme caution and avoid KiNRG given its zero revenue, significant accumulated deficit, and reliance on dilutive financing. Monitor for any concrete signs of revenue generation or successful commercialization of its HydroThermal Reactor technology before considering any investment.

Financial Highlights

debt To Equity
N/A
revenue
$0
operating Margin
N/A
total Assets
$573,829
total Debt
$799,807
net Income
$(808,678)
eps
$(0.015)
gross Margin
N/A
cash Position
$560,812
revenue Growth
N/A

Revenue Breakdown

SegmentRevenueGrowth
Total$0N/A

Key Numbers

  • $0 — Revenue (No revenue generated for the three and nine months ended September 30, 2025 and 2024.)
  • $(808,678) — Consolidated Net Loss (Net loss for the nine months ended September 30, 2025, an improvement from $(1,028,109) in 2024.)
  • $560,812 — Cash (Increased from $23,099 at December 31, 2024, primarily due to financing activities.)
  • $900,000 — Cash from Financing Activities (Generated from common stock sales and warrant exercises for the nine months ended September 30, 2025.)
  • $(225,978) — Total Stockholders' Deficit (Improved from $(1,051,286) at December 31, 2024, but still negative.)
  • 55,675,743 — Common Shares Outstanding (Increased from 51,538,193 at December 31, 2024, indicating dilution.)
  • $799,807 — Total Current Liabilities (Decreased from $1,098,945 at December 31, 2024.)
  • $(0.015) — Net Loss Per Share (For the nine months ended September 30, 2025, an improvement from $(0.019) in 2024.)
  • $27,121,378 — Accumulated Deficit (As of September 30, 2025, indicating significant historical losses.)
  • $788,350 — Selling, General, and Administrative Expenses (For the nine months ended September 30, 2025, a decrease from $935,575 in 2024.)

Key Players & Entities

  • KiNRG, Inc. (company) — Registrant
  • Arizona Green Power (company) — Discontinued entity sold in Q1 2025
  • $335,425 (dollar_amount) — Consolidated net loss for three months ended September 30, 2025
  • $373,350 (dollar_amount) — Consolidated net loss for three months ended September 30, 2024
  • $808,678 (dollar_amount) — Consolidated net loss for nine months ended September 30, 2025
  • $1,028,109 (dollar_amount) — Consolidated net loss for nine months ended September 30, 2024
  • $560,812 (dollar_amount) — Cash at September 30, 2025
  • $23,099 (dollar_amount) — Cash at December 31, 2024
  • $900,000 (dollar_amount) — Net cash provided by financing activities for nine months ended September 30, 2025
  • $27,121,378 (dollar_amount) — Accumulated deficit at September 30, 2025

FAQ

What is KiNRG's current revenue generation status?

KiNRG, Inc. reported no revenue for the three months ended September 30, 2025, and 2024, and also no revenue for the nine months ended September 30, 2025, and 2024, indicating a complete lack of operational income.

How has KiNRG's net loss changed year-over-year?

For the three months ended September 30, 2025, KiNRG's consolidated net loss was $335,425, an improvement from a net loss of $373,350 in the same period of 2024. For the nine months ended September 30, 2025, the consolidated net loss was $808,678, an improvement from $1,028,109 in 2024.

What is KiNRG's cash position and how did it change?

KiNRG's cash balance significantly increased to $560,812 as of September 30, 2025, from $23,099 at December 31, 2024. This increase was primarily driven by $900,000 in net cash provided by financing activities during the nine months ended September 30, 2025.

What are the primary sources of funding for KiNRG's operations?

KiNRG's operations are primarily funded through financing activities, specifically the sale of common stock, which generated $750,000, and proceeds from the exercise of warrants, which generated $150,000, for the nine months ended September 30, 2025.

What is KiNRG's accumulated deficit?

As of September 30, 2025, KiNRG's accumulated deficit was $27,121,378, reflecting significant historical losses since its inception.

Has KiNRG experienced any significant business changes?

Yes, KiNRG completed the sale of its discontinued entity, Arizona Green Power (AGP), in the first quarter of 2025. This transaction resulted in a non-cash adjustment of $351,402 related to the sale of AGP to a related party.

What is the risk associated with investing in KiNRG?

Investing in KiNRG carries a high risk due to its complete lack of revenue, substantial accumulated deficit of over $27 million, and ongoing reliance on dilutive equity financing to sustain operations. The company's business model is still in the development phase with no commercialized products generating income.

How many common shares of KiNRG are outstanding?

As of December 1, 2025, there were 55,675,743 shares of KiNRG's common stock, par value $0.0001, issued and outstanding. This represents an increase from 51,538,193 shares outstanding at December 31, 2024.

What is KiNRG's core business objective?

KiNRG's core objective is to become a leading provider of clean, efficient green energy and green hydrogen, developing and constructing HydroThermal Reactors that use non-toxic natural elements to generate electricity economically. The company also aims to establish partnerships globally and develop modular reactors for applications like AI data centers.

What was the change in KiNRG's selling, general, and administrative expenses?

KiNRG's selling, general, and administrative expenses decreased to $788,350 for the nine months ended September 30, 2025, from $935,575 for the same period in 2024, representing a reduction of $147,225.

Risk Factors

  • Continued Net Losses and Accumulated Deficit [high — financial]: KiNRG, Inc. has consistently operated at a net loss, reporting a consolidated net loss of $335,425 for the three months ended September 30, 2025, and $808,678 for the nine months ended September 30, 2025. The company has an accumulated deficit of $27,121,378 as of September 30, 2025, indicating significant historical unprofitability.
  • Dependence on Financing Activities for Cash [high — financial]: The company's cash position increased significantly to $560,812 as of September 30, 2025, primarily due to $900,000 in financing activities, including $750,000 from common stock sales and $150,000 from warrant exercises. This reliance on external financing highlights a lack of operational cash generation.
  • Negative Stockholders' Deficit [medium — financial]: As of September 30, 2025, the company has a total stockholders' deficit of $(225,978), which, while improved from $(1,051,286) at December 31, 2024, remains negative. This indicates that liabilities exceed assets.
  • Lack of Revenue Generation [high — operational]: KiNRG, Inc. reported no revenue for the three and nine months ended September 30, 2025, and 2024. This complete absence of revenue raises serious concerns about the company's business model and its ability to generate income from its green energy initiatives.
  • Dilution from Common Stock Issuance [medium — financial]: The number of common shares outstanding increased from 51,538,193 at December 31, 2024, to 55,675,743 at September 30, 2025. This increase, driven by financing activities, suggests potential dilution for existing shareholders.
  • Sale of Discontinued Operations [low — operational]: The company completed the sale of Arizona Green Power (AGP) in the first quarter of 2025, which contributed to a decrease in current liabilities. While this resolved a component of the business, it also signifies a divestiture of a prior operational segment.

Industry Context

KiNRG operates in the green energy sector, focusing on green hydrogen and innovative electrical power generation technologies. The industry is characterized by increasing global demand for sustainable energy solutions and significant investment in renewable technologies. However, it is also a highly competitive and capital-intensive field, with established players and emerging companies vying for market share and technological advancements.

Regulatory Implications

As a green energy company, KiNRG may be subject to various environmental regulations and government incentives related to renewable energy production. Changes in these regulations or the availability of subsidies could significantly impact the company's financial performance and operational viability. Compliance with evolving environmental standards is crucial for long-term sustainability.

What Investors Should Do

  1. Monitor revenue generation closely.
  2. Assess the sustainability of cash flow.
  3. Evaluate the impact of share dilution.
  4. Scrutinize SG&A expense reduction.

Key Dates

  • 2025-09-30: Quarterly Report Filing (10-Q) — Provides updated financial performance and condition for the period ending September 30, 2025, including net loss, cash position, and liabilities.
  • 2025-01-01: Sale of Arizona Green Power (AGP) — This sale contributed to a reduction in current liabilities and marked the discontinuation of a business segment.
  • 2024-12-31: Previous Fiscal Year End — Provides a baseline for comparison of current period financial metrics, such as cash, liabilities, and accumulated deficit.

Glossary

Accumulated deficit
The cumulative net losses of a company since its inception, minus any net gains. It represents a negative retained earnings balance. (Indicates the company's historical unprofitability, with KiNRG having a significant accumulated deficit of $27,121,378 as of September 30, 2025.)
Stockholders' deficit
The amount by which a company's liabilities exceed its assets, resulting in a negative equity position for shareholders. (KiNRG has a total stockholders' deficit of $(225,978) as of September 30, 2025, showing that its liabilities are greater than its assets.)
Discontinued operations
A component of a business that has been sold, abandoned, or is classified as held for sale, and whose operations and cash flows can be clearly distinguished from the rest of the company. (KiNRG reported the sale of its Arizona Green Power (AGP) segment as discontinued operations, which impacted its balance sheet and income statement.)
Warrant exercises
The act of a holder of a stock warrant using their right to purchase a company's stock at a specified price, which provides the company with capital. (Warrant exercises contributed $150,000 to KiNRG's financing activities, bolstering its cash position.)
Common stock to be issued
Represents shares of common stock that have been committed to be issued but have not yet been formally delivered to the recipient. (The balance for common stock to be issued decreased from 2,657,550 shares at December 31, 2024, to 0 at September 30, 2025, reflecting the completion of prior commitments.)

Year-Over-Year Comparison

Compared to the prior year, KiNRG, Inc. has shown an improvement in its net loss for both the three-month period (from $(339,424) to $(335,425)) and the nine-month period (from $(1,028,109) to $(808,678)). Selling, General, and Administrative expenses also decreased from $935,575 to $788,350 for the nine-month period. A significant positive development is the substantial increase in cash from $23,099 to $560,812, primarily driven by financing activities. However, the company continues to generate no revenue, and its total liabilities have decreased from $1,098,945 to $799,807, partly due to the sale of discontinued operations.

Filing Stats: 4,868 words · 19 min read · ~16 pages · Grade level 19.2 · Accepted 2025-12-01 18:10:01

Key Financial Figures

  • $0 — f the Company's common stock, par value $0.0001, issued and outstanding. TABLE O
  • $0.0001 — . The Company's common stock, par value $0.0001 per share, is referred to as "common st

Filing Documents

Financial Information

Part I. Financial Information 1 Item 1.

Financial Statements

Financial Statements 1 Condensed Consolidated Balance Sheets as of September 30, 2025 (unaudited) and December 31, 2024 1 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2025 and 2024 (unaudited) 2 Condensed Consolidated Statements of Stockholders' Equity for the Three and Nine Months Ended September 30, 2025 and 2024 (unaudited) 3 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2025 and 2024 (unaudited) 4 Unaudited Notes to Condensed Consolidated Financial Statements 5 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 26 Item 4.

Controls and Procedures

Controls and Procedures 26

Other Information

Part II. Other Information 27 Item 1

Legal Proceedings

Legal Proceedings 27 Item 1A

Risk Factors

Risk Factors 27 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 27 Item 3 Defaults Upon Senior Securities 28 Item 4 Mine Safety Disclosures 28 Item 5 Other Information 28 Item 6 Exhibits 29

Signatures

Signatures 30 i In this Quarterly Report on Form 10-Q (this " Quarterly Report "), all references to "KiNRG," "we," "us," "our" or the "Company" or similar terms mean KiNRG, Inc., and its directly and indirectly owned subsidiaries on a consolidated basis. The Company's common stock, par value $0.0001 per share, is referred to as "common stock."

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. KiNRG, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) September 30, December 31, 2025 2024 (unaudited) ASSETS Current assets: Cash $ 560,812 $ 23,099 Prepaid expenses 12,126 12,126 Current assets - discontinued operations - 3,909 Total current assets 572,938 39,134 Right of use asset, operating lease 891 8,525 Total assets $ 573,829 $ 47,659 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable 21,563 18,780 Accrued liabilities - related parties 25,000 100,000 Accrued payroll 533,959 476,981 Accrued interest 130,883 121,883 Lease liabilities - operating lease 891 8,525 Loans payable - related party - 250,000 Notes payable 80,000 80,000 Other liabilities 7,511 11,511 Current liabilities - discontinued operations - 31,265 Total current liabilities 799,807 1,098,945 Total liabilities 799,807 1,098,945 Commitments and Contingencies - - Stockholders' equity (deficit) Preferred stock, par value $ 0.0001 per share; 10,000,000 shares authorized, 5,424,700 shares undesignated - - Series A Convertible Preferred stock, par value $ 0.0001 per share, 500,000 shares designated, 0 shares issued and outstanding at September 30, 2025 and December 31, 2024 - - Series AA Convertible Preferred stock, par value $ 0.0001 per share, 3,000,000 shares designated, 0 shares issued and outstanding at September 30, 2025 and December 31, 2024 - - Series AAA Convertible Preferred stock, $ 0.0001 per share, 70,000 shares designated, 0 shares issued and outstanding at September 30, 2025 and December 31, 2024 - - Series AAAA Convertible Preferred stock, $ 0.0001 per share, 1,005,300 shares designated, 0 shares issued and outstanding at September 30, 2025 and December 31, 2024 - - Common stock, par value $ 0.0001 , 250,000,000 shares authorized, 55,675,743 and 51,538,193 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 5,567 5,154

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS September 30, 2025 and 2024 Unaudited NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of Business KiNRG is a green energy company. Our core objective and focus is to become a leading provider of clean efficient green energy and green hydrogen to the world communities at a reasonable coast without the destructive residual of fossil fuel, while continuing to generate innovative technological solutions for today and tomorrow's electrical power needs. We have assembled a team of experienced business professionals, engineering and scientific consultants with the proven ability to bring the idea to market. We have filed and been issued patents that we believe will further enhance this potentially revolutionary technology. We have designed, engineered, developed and preparing to construct both large and smaller HydroThermal Reactors that use benevolent, non-toxic natural elements to generate electricity economically by integrating and synthesizing numerous proven as well as emerging technologies. In addition to constructing large and smaller HydroThermal Reactors in the United States and abroad, the Company intends to establish partnerships at home and abroad to propagate these systems and meet increasing global demand for electricity. The Company is developing a smaller "modular" reactor to support AI data centers and other applications where a constant 24/7/365 base load is required. Basis of Presentation The accompanying unaudited consolidated financial statements present on a consolidated basis the accounts of the Company and subsidiaries. The Company presents noncontrolling interest within the equity section of its consolidated balance sheets and the amount of unaudited consolidated net income (loss) that is attributable to the Company and to the noncontrolling interest in its unaudited consolidated statement of operations. All significant intercompany accounts and transactions have been eliminated

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