Cuentas Inc.

CUEN: 10-Q · periodic report

Cuentas Inc. filed its 10-Q for the quarter ended June 30, 2026 with an explicit going-concern warning: the company reported just $1,000 in cash against a $4,299,000 working capital deficit and a $4,311,000 stockholders' deficit. Management said substantial doubt exists about its ability to continue and that it remains dependent on raising capital from financing transactions that have not yet been secured. Losses widened sharply year over year. The six-month net loss grew to $1,385,000 from $21,000 a year earlier, and Q2 swung to an $888,000 loss from $378,000 of net income, driven by operating expenses that rose to $803,000 from $320,000, including $657,000 of officer compensation. Dilution accelerated during the period: shares outstanding rose from 4,377,388 at year-end 2025 to 7,942,407 by June 30, 2026 (7,952,797 by August 4) after World Mobile Group converted a $260,000 note for roughly 18.5% of equity, Matthew Shulman converted a $100,000 note, and small private placements priced at $0.42 per unit. The company also repeatedly extended its public warrant expiration, now to September 30, 2026, with board discretion to reduce the exercise price. The interim CFO concluded disclosure controls and procedures are not effective, and the company accrued $300,000 for the long-running Secure IP Telecom litigation, where an adverse judgment is deemed reasonably possible and loss exposure is not fully estimable.

SEC 10-Q•1mo ago

CUEN: NT 10-Q · late filing

Cuentas Inc. (CUEN) filed a Form 12b-25 NT 10-Q on August 14, 2026, notifying the SEC that it could not file its quarterly report for the quarter ended June 30, 2026, on time. The company attributed the delay to a delay in obtaining and compiling information required for the Form 10-Q and said it will file the report no later than the fifth calendar day following the prescribed due date under Rule 12b-25. Cuentas checked 'no' on any anticipated significant change in results versus the prior-year quarter and affirmed all required periodic reports were filed over the preceding 12 months, though any late filing still warrants monitoring for accounting or internal-control issues.

SEC NT 10-Q•2mo ago

CUEN: 8-K · material agreement

Cuentas Inc. entered into an Amended and Restated Warrant Agency Agreement extending the expiration date of its outstanding publicly traded warrants from June 30, 2026, to September 30, 2026. The agreement also grants the Board of Directors the discretion to voluntarily reduce the exercise price and proportionally increase the number of shares purchasable to encourage warrant holders to exercise. The warrants, originally issued with an exercise price of $4.30 per share, saw their price increase to $55.90 following a 1-for-13 reverse stock split completed in March 2023. This significant adjustment suggests the warrants are currently underwater, prompting the company to extend the term and potentially reprice the instruments to facilitate capital raising for operations. The company recently restructured its business and entered into joint venture transactions with World Mobile, LLC and World Mobile Media Group, LLC as it seeks financing. Olde Monmouth Stock Transfer Co., Inc. continues to serve as the Warrant Agent for the amended agreement.

SEC 8-K•3mo ago

CUEN: 10-Q · periodic report

Cuentas Inc. reported a net loss of $497,000 for the quarter ended March 31, 2026, with cash reserves dwindling to just $72,000 against a working capital deficit of $3.48 million. The company explicitly stated that these conditions raise substantial doubt about its ability to continue as a going concern, noting that its ability to survive depends on raising additional capital that has not yet been secured. Management disclosed that disclosure controls and procedures are not effective, citing material weaknesses in internal control over financial reporting. This admission, combined with the severe liquidity crisis, signals significant governance and operational risks for investors. Despite the distress, the company raised $300,000 through a private placement of shares and warrants to P.W. Janssen and converted $360,000 in convertible notes into equity during the quarter. The company is also pursuing joint ventures with World Mobile Group and Tummo Road LLC to expand its MVNO and media operations, though these initiatives require further funding.

SEC 10-Q•4mo ago

Cuentas Announces Bitcoin Mobile with Up to 8% Back in Bitcoin and Sets May 5 Press Conference with World Mobile Group

globenewswire.com•5mo ago