XERIANT, INC. (XERI) Form 10-Q — May 15, 2026
Xeriant, Inc. reported a net income of $1.5 million for the nine months ended March 31, 2026, driven primarily by a $2.7 million non-cash gain on the extinguishment of debt following a settlement with creditor Auctus Fund LLC. This accounting gain masked an operating loss of $885,824 for the same period, highlighting that the company generated no revenue and continues to burn cash on operations. The filing includes a critical going-concern warning, stating that the company expects to exhaust its available cash of $24,560 in approximately two months.
Key figures
- Revenue
- 0
- Net Income
- 1509086
- Total Debt
- 1792815
- Cash Position
- 24560
- Shares Outstanding
- 914611480
- Net Loss Three Months
- 419393
- Settlement Liability
- 3500000
- Warrants Outstanding
- 170568828
- Working Capital Deficit
- 5804759
- Operating Loss Nine Months
- 885824
- Gain On Extinguishment Of Debt
- 2743546
Price after filing
Close on the filing date to close N calendar days later (from $0.03). Historical, not a forecast.
AI analysis
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