Thunder Power Holdings, Inc. (AIEV) Form 10-Q — May 22, 2026
Thunder Power Holdings reported a net loss of $493,651 for the three months ended March 31, 2026, with zero revenue generated from operations. The company holds only $8,666 in cash and has an accumulated deficit of approximately $39.5 million, leading management to disclose substantial doubt about its ability to continue as a going concern. The filing reveals a material weakness in internal controls due to a lack of sufficient financial reporting personnel with appropriate U.S. GAAP knowledge.
Key figures
- Revenue
- 0
- Total Assets
- 13154705
- Cash Position
- 8666
- Total Liabilities
- 8830822
- Shares Outstanding
- 50724664
- Shares issued
- 70724664
- Earnout shares escrow
- 20000000
- Underwriter fee payable
- 2921250
- Prepaid forward contract
- 13114964
- Related party liabilities
- 3879788
- Recent promissory notes may
- 125000
- Recent promissory notes april
- 47000
- Interest rate promissory notes
- 8%
- Recent share exchange shares issued
- 31872768
Price after filing
Close on the filing date to close N calendar days later (from $0.18). Historical, not a forecast.
AI analysis
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