GREENWAY TECHNOLOGIES, INC. & SUBSIDIARIES (GWTI) Form 10-Q — May 20, 2026
Greenway Technologies reported a net loss of $444,132 for the quarter ended March 31, 2026, with cash on hand dwindling to just $7,271 against total liabilities of $14.5 million. The company disclosed substantial doubt about its ability to continue as a going concern, citing an accumulated deficit of $41.7 million and an inability to generate sufficient revenues to meet obligations. The filing reveals critical governance and liquidity failures, including a material weakness in internal controls due to a lack of independent directors and a functioning audit committee.
Key figures
- Total Assets
- 51375
- Cash Position
- 7271
- Shares Outstanding
- 462361204
- Ga Expense
- 275866
- Rd Expense
- 19033
- Accumulated Deficit
- 41775038
- Working Capital Deficit
- 14468915
- Agreed Judgment Exposure
- 1250000
- Legal Settlement Liability
- 950000
- Notes Payable Related Parties
- 2805774
- Accrued Interest Related Parties
- 2799232
Price after filing
Close on the filing date to close N calendar days later (from $0.02). Historical, not a forecast.
AI analysis
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