Nexalin Technology, Inc. Financial Summary

Complete Filing Data

Nexalin Technology, Inc. reported Stockholders Equity of $3.75 million for FY2025.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Nexalin Technology, Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021
Net Income *-$8.2M-$7.6M-$4.6M-$1.7M-$6.1M
Selling General And Administrative Expense$4.4M$4.2M$1.9M$1.5M$5.2M
Revenues$301.6K$168.7K$110.7K$1.3M$144.1K
Operating Income Loss-$8.4M-$7.8M-$5.7M-$1.8M-$6.0M
Operating Expenses$8.6M$7.9M$5.8M$2.8M$6.1M
Nonoperating Income Expense$169.7K$142.6K$1.0M$135.2K-$59.4K
Gross Profit$240.3K$132.1K$85.1K$958.1K$122.6K
Cost Of Revenue$61.4K$36.6K$25.7K$363.2K$21.4K
Revenues From Related Parties$49.7K$6.2K$3.6K$1.2M$26.1K
Comprehensive Income Net Of Tax-$8.2M-$7.6M-$4.7M-$1.7M-$6.1M
Other Comprehensive Income Loss Net Of Tax$919.00-$108.00-$36.7K$36.3K
Interest Expense-$8.2K-$3.2K$38.8K$59.4K$82.3K
Research And Development Expense$1.1M$1.2M$1.9M
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest-$8.2M-$7.6M-$4.6M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Net Income *-$2.3M-$1.6M-$2.0M-$2.4M-$1.3M-$1.0M-$2.3M-$822.4K-$748.4K-$135.4K-$439.5K-$393.2K-$1.8M-$2.1M-$1.6M
Selling General And Administrative Expense$1.4M$893.8K$929.2K$1.8M$598.8K$483.3K$1.9M$479.5K$345.0K$479.4K$386.0K$218.4K$1.6M
Revenues$18.1K$70.6K$41.0K$36.0K$26.8K$78.7K$24.1K$35.5K$30.6K$545.3K$414.3K$323.3K$56.0K
Operating Income Loss-$2.3M-$1.6M-$2.0M-$2.5M-$1.3M-$1.1M-$2.4M-$876.9K-$779.4K-$293.2K-$445.1K-$375.1K-$1.8M
Operating Expenses$2.4M$1.7M$2.0M$2.5M$1.3M$1.1M$2.4M$903.0K$802.9K$651.2K$736.4K$652.4K$1.8M
Nonoperating Income Expense$69.3K$39.9K$23.9K$60.1K$13.8K$26.8K$118.3K$54.4K$31.0K$157.8K-$17.3K-$18.1K-$4.3K
Gross Profit$14.2K$47.8K$27.5K$23.3K$19.6K$69.5K$20.1K$26.2K$23.5K$358.0K$291.3K$277.3K$46.7K
Cost Of Revenue$3.9K$22.8K$13.6K$12.7K$7.2K$9.2K$4.0K$9.4K$7.1K$187.3K$123.0K$46.0K$9.3K
Revenues From Related Parties$0.00$8.3K$3.6K$400.00$500.00$300.00$0.00$10.2K$0.00$520.0K$362.9K$300.5K
Comprehensive Income Net Of Tax-$2.3M-$1.6M-$2.0M-$2.4M-$1.3M-$1.0M-$2.3M-$830.4K-$707.3K-$135.4K-$462.4K-$393.2K
Other Comprehensive Income Loss Net Of Tax-$1.5K$513.00$830.00-$325.00$245.00$160.00-$32.3K-$8.0K$4.8K
Interest Expense-$2.3K-$4.7K-$1.1K-$1.0K-$66.00-$304.00$5.3K$5.5K$8.8K$10.5K$18.1K$27.2K
Research And Development Expense$226.5K$225.8K$406.3K$178.6K$169.4K$105.7K
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest-$2.3M-$1.6M-$2.0M-$2.4M-$1.3M-$1.0M

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Stockholders Equity$3.7M$3.7M$3.2M$5.5M-$1.7M-$1.6M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$654.8K$574.5K$580.2K$162.7K$661.8K$78.4K
Unrealized Gain Loss On Investments$919.00-$108.00-$36.7K$36.3K
Retained Earnings Accumulated Deficit-$92.9M-$84.6M-$77.0M-$72.4M-$70.7M
Liabilities Current$887.3K$546.7K$425.3K$1.9M$2.4M
Liabilities And Stockholders Equity$4.6M$4.2M$3.6M$7.4M$753.7K
Liabilities$887.3K$546.7K$425.3K$2.0M$2.4M
Inventory Net$131.5K$174.6K$156.4K$154.4K$31.4K
Gain Loss On Sale Of Investments$126.9K$130.1K$231.9K
Common Stock Value$19.2K$13.3K$7.4K$7.3K$4.9K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect$80.3K-$5.7K$417.5K-$499.0K$583.3K
Cash And Cash Equivalents At Carrying Value$654.8K$574.5K$580.2K$162.7K$661.8K
Assets Current$4.3M$4.0M$3.4M$7.4M$752.7K
Assets$4.6M$4.2M$3.6M$7.4M$753.7K
Accrued Liabilities Current$642.8K$390.7K$261.3K$539.8K$611.8K
Accounts Receivable Net Current$81.6K$13.0K$9.4K$4.9K$16.3K
Accounts Payable Current$244.6K$155.9K$159.5K$658.4K$843.8K
Prepaid Expense And Other Assets Current$363.0K$293.6K$315.7K$272.3K$43.2K
Short Term Investments$3.1M$2.9M$2.4M$6.8M
Accumulated Other Comprehensive Income Loss Net Of Tax$406.00-$513.00-$405.00$36.3K
Unrealized Gain On Shortterm Investments$919.00-$108.00-$36.7K$36.3K
Accounts Receivable Related Party$37.8K$3.0K$3.6K$0.00
Finite Lived Intangible Assets Net$336.0K$260.7K$105.5K
Equity In Net Earnings Of Affiliate$4.9K$0.00
Equity Method Investments$96.0K
Operating Lease Liability Current$4.5K$50.8K$40.8K
Accounts Payable Related Party$0.00$260.0K$399.3K
Operating Lease Right Of Use Asset$496.00$6.2K
Loss Before Equity In Net Earnings Of Affiliate-$7.6M-$4.6M
Property Plant And Equipment Net$503.00$1.0K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Stockholders Equity$4.8M$6.0M$2.3M$5.0M$1.4M$2.3M$3.2M$4.0M$4.7M$6.4M-$2.2M-$2.0M-$2.0M-$1.7M-$1.6M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$590.1K$431.3K$622.0K$81.4K$848.8K$546.3K$361.4K$231.7K$175.0K$7.9M$291.3K$458.6K$136.4K
Unrealized Gain Loss On Investments-$1.5K$513.00$830.00-$325.00$245.00$160.00-$32.3K-$8.0K$41.1K
Retained Earnings Accumulated Deficit-$90.5M-$88.2M-$86.6M-$81.8M-$79.4M-$78.1M-$76.3M-$74.0M-$73.1M-$71.7M
Liabilities Current$357.5K$600.6K$574.7K$299.4K$212.1K$507.2K$1.2M$1.2M$1.2M$2.0M
Liabilities And Stockholders Equity$5.1M$6.6M$2.9M$5.3M$1.6M$2.8M$4.4M$5.2M$5.9M$8.4M
Liabilities$357.5K$600.6K$574.7K$299.4K$212.1K$507.2K$1.2M$1.2M$1.2M$2.0M
Inventory Net$160.2K$173.0K$175.3K$158.4K$145.1K$153.7K$158.6K$160.0K$158.3K$152.1K
Gain Loss On Sale Of Investments$46.8K$32.4K$20.1K$56.3K$11.7K$24.9K$82.9K$58.9K$38.8K
Common Stock Value$18.2K$17.4K$13.3K$12.9K$7.6K$7.4K$7.4K$7.3K$7.3K$7.3K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect$47.5K-$34.0K$12.2K-$203.2K
Cash And Cash Equivalents At Carrying Value$590.1K$431.3K$622.0K$81.4K$848.8K$546.3K$361.4K$231.7K$175.0K$7.9M
Assets Current$4.8M$6.3M$2.6M$4.9M$1.2M$2.6M$4.3M$5.1M$5.9M$8.3M
Assets$5.1M$6.6M$2.9M$5.3M$1.6M$2.8M$4.4M$5.2M$5.9M$8.4M
Accrued Liabilities Current$290.0K$360.0K$393.3K$132.8K$125.0K$355.7K$606.9K$603.6K$597.7K$442.5K
Accounts Receivable Net Current$7.9K$59.8K$14.5K$15.2K$11.7K$3.7K$14.5K$14.3K$3.6K$10.4K
Accounts Payable Current$67.5K$240.6K$181.4K$166.5K$87.1K$151.5K$72.5K$48.5K$54.8K$788.3K
Prepaid Expense And Other Assets Current$296.6K$243.5K$379.8K$140.4K$176.5K$262.0K$153.0K$240.9K$241.3K
Short Term Investments$3.8M$5.4M$1.4M$4.5M$1.6M$3.6M$4.5M$5.3M
Accumulated Other Comprehensive Income Loss Net Of Tax-$631.00$830.00$317.00-$325.00-$245.00$800.00$33.1K$41.1K
Unrealized Gain On Shortterm Investments$830.00$160.00$41.1K
Accounts Receivable Related Party$0.00$0.00$3.4K$540.00$1.9K$100.00$10.2K$10.2K
Finite Lived Intangible Assets Net$308.6K$294.9K$279.5K$248.9K$226.1K$169.2K
Equity In Net Earnings Of Affiliate$0.00$0.00-$1.0K$159.00-$1.3K$5.8K
Equity Method Investments$0.00$864.00$100.7K$100.5K$101.8K
Operating Lease Liability Current$17.6K$30.5K$43.0K$49.6K
Accounts Payable Related Party$2.9K$7.8K$0.00$0.00$10.0K
Operating Lease Right Of Use Asset$2.0K$3.4K$4.8K$7.5K
Loss Before Equity In Net Earnings Of Affiliate-$2.3M-$1.6M-$2.0M-$2.4M-$1.3M-$1.0M
Property Plant And Equipment Net$100.00$234.00$368.00$636.00

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021
Stock Issued During Period Value Share Based Compensation$3.1M$3.6M$2.4M$270.7K$4.5M
Net Cash Provided By Used In Operating Activities-$5.0M-$3.9M-$3.8M-$2.2M-$1.1M
Increase Decrease In Inventories-$26.7K$18.2K$7.8K$142.9K$8.8K
Increase Decrease In Accounts Payable$88.6K-$3.6K-$238.8K-$46.1K$382.6K
Increase Decrease In Accrued Liabilities$252.0K$129.5K-$163.5K$99.1K$99.4K
Share Based Compensation$3.1M$3.6M$2.4M$270.7K$4.5M
Increase Decrease In Prepaid Expense$69.4K-$22.1K$43.4K$229.1K$34.0K
Increase Decrease In Accounts Receivable$33.7K$880.00-$253.00$9.7K
Increase Decrease In Operating Lease Liability-$4.5K-$50.8K-$46.0K-$37.0K
Net Cash Provided By Used In Financing Activities$5.2M$4.5M-$200.0K$8.5M$1.7M
Net Cash Provided By Used In Investing Activities-$132.0K-$577.5K$4.5M-$6.8M
Proceeds From Sale Of Short Term Investments$40.7M$33.2M$41.3M
Payments To Acquire Short Term Investments$40.8M$33.6M$36.6M$6.8M
Payments To Acquire Intangible Assets$59.9K$116.8K$99.0K
Proceeds From Issuance Of Common Stock$4.6M$4.5M$8.5M$1.4M
Increase Decrease In Accounts Receivable Related Parties$34.8K$3.7K$3.6K
Increase Decrease In Accounts Payable Related Party-$260.0K-$139.3K
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment$2.7K$2.2K$29.9K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Stock Issued During Period Value Share Based Compensation$1.1M$572.1K$636.8K$1.5M$308.3K$161.3K$1.6M$88.4K$184.3K$171.6K$97.5K$1.5M$1.6M$1.3M
Net Cash Provided By Used In Operating Activities-$1.4M-$763.3K-$1.3M-$203.3K
Increase Decrease In Inventories$675.00-$2.8K$3.9K$47.3K
Increase Decrease In Accounts Payable$25.4K-$8.0K-$353.6K$179.4K
Increase Decrease In Accrued Liabilities$2.6K$94.4K$57.8K-$26.7K
Share Based Compensation$636.8K$161.3K$97.5K
Increase Decrease In Prepaid Expense$86.2K-$53.7K-$31.0K$1.7K
Increase Decrease In Accounts Receivable$1.0K-$100.00-$1.3K$53.5K
Increase Decrease In Operating Lease Liability-$4.5K-$12.2K-$11.1K
Net Cash Provided By Used In Financing Activities-$200.0K$100.00
Net Cash Provided By Used In Investing Activities$1.5M$729.3K$1.5M
Proceeds From Sale Of Short Term Investments$6.5M$6.2M$11.6M
Payments To Acquire Short Term Investments$5.0M$5.4M$10.0M
Payments To Acquire Intangible Assets$20.5K$47.6K$50.2K
Proceeds From Issuance Of Common Stock$5.1K
Increase Decrease In Accounts Receivable Related Parties$396.00-$5.6K
Increase Decrease In Accounts Payable Related Party-$250.0K
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment$2.6K$2.4K$2.3K$30.3K

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021
Weighted Average Number Of Shares Outstanding Basic16.4M9.2M7.4M5.6M
Weighted Average Number Of Diluted Shares Outstanding16.4M9.2M7.4M5.6M
Earnings Per Share Diluted$-0.50$-0.83$-0.63$-0.30
Earnings Per Share Basic$-0.50$-0.83$-0.63$-0.30
Common Stock Shares Outstanding19.2M13.3M7.4M7.3M4.9M
Common Stock Shares Issued19.2M13.3M7.4M7.3M4.9M
Common Stock Shares Authorized100.0M100.0M100.0M100.0M100.0M
Common Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022
Weighted Average Number Of Shares Outstanding Basic17.8M15.7M13.3M10.8M7.5M7.4M7.4M7.3M7.3M5.2M4.9M
Weighted Average Number Of Diluted Shares Outstanding17.8M15.7M13.3M10.8M7.5M7.4M7.4M7.3M7.3M5.2M4.9M
Earnings Per Share Diluted$-0.13$-0.10$-0.15$-0.23$-0.17$-0.14$-0.31$-0.11$-0.10$-0.03$-0.09
Earnings Per Share Basic$-0.13$-0.10$-0.15$-0.23$-0.17$-0.14$-0.31$-0.11$-0.10$-0.03$-0.09
Common Stock Shares Outstanding18.2M17.4M13.3M12.9M7.6M7.4M7.4M7.3M7.3M7.3M
Common Stock Shares Issued18.2M17.4M13.3M12.9M7.6M7.4M7.4M7.3M7.3M7.3M
Common Stock Shares Authorized100.0M100.0M100.0M100.0M100.0M100.0M100.0M100.0M100.0M100.0M
Common Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021
Professional Fees$1.3M$966.8K$574.6K$605.3K$697.1K
Labor And Related Expense$1.9M$1.5M$1.4M$694.1K$228.7K
Other Income$34.6K$9.3K$239.5K$171.7K
Adjustment For Amortization$21.5K$15.1K$3.8K$0.00
Additional Paid In Capital$96.6M$88.3M$80.2M$77.8M$69.0M
Other Noncash Expense$496.00$5.7K$5.2K
Purchase Of Trademarks$36.9K$53.5K$10.3K
Depreciation$503.00$535.00$537.00
Stock Issued During Period Value New Issues$4.5M$8.5M$1.4M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Professional Fees$265.1K$178.6K$367.8K$262.3K$241.0K$227.8K$127.2K$120.1K$158.6K$7.6K$183.1K$295.5K$152.9K
Labor And Related Expense$448.1K$370.4K$335.4K$294.2K$307.5K$326.4K$363.3K$303.3K$299.3K$164.1K$167.3K$138.6K$67.7K
Other Income$20.3K$2.7K$2.7K$2.9K$2.0K$1.5K$40.7K$1.1K$1.1K$168.2K
Adjustment For Amortization$5.5K$5.1K$4.8K$4.2K$3.8K$2.7K$753.00$692.00$660.00$0.00$0.00
Additional Paid In Capital$95.2M$94.2M$88.9M$86.8M$80.7M$80.4M$79.5M$77.9M$77.8M$78.0M
Other Noncash Expense$496.00$1.4K$1.3K
Purchase Of Trademarks$3.0K$18.7K
Depreciation$134.00$134.00
Stock Issued During Period Value New Issues$8.5M$5.1K$67.8K$350.0K$253.7K

Most recent annual filing with the SEC: March 25, 2026

Data sourced from SEC EDGAR public filings as of August 6, 2026.