Greenway Technologies Reports $1.27 Million Net Loss for Six Months Ending June 30, 2026

Greenway Technologies, Inc. reported a net loss of $1.27 million for the six months ending June 30, 2026, a decrease of approximately 32.8% compared to a net loss of $1.89 million during the same period in 2025. The company did not generate any revenue in either period. Operating expenses for the first half of 2026 totaled $973,283, down from $1.58 million in the prior year, primarily due to significant reductions in general and administrative expenses and research and development costs. General and administrative expenses decreased by 25.1% to $840,548, while research and development expenses fell by 71.2% to $132,735.

The company’s financial position has deteriorated, with total liabilities increasing to $15.23 million as of June 30, 2026, compared to $14.56 million at the end of 2025. This increase is attributed to higher accounts payable and accrued expenses, which rose by 9.1% to $4.84 million, and related party payables, which increased by 7.3% to $5.93 million. Greenway's stockholders' deficit also widened to $15.23 million, reflecting the ongoing losses and a working capital deficit of the same amount.

Strategically, Greenway Technologies has focused on its proprietary Gas-to-Liquids (GTL) technology, particularly the G-Reformer unit, which is designed to convert natural gas into high-quality liquid fuels and chemicals. The company has not reported any significant new product launches or acquisitions during this period. However, it continues to explore strategic partnerships to enhance its operational capabilities and market reach. As of June 30, 2026, the company had four employees, a reduction from previous periods, and is actively seeking to raise additional capital to support its operations.

Looking ahead, Greenway Technologies faces substantial challenges, including its ability to continue as a going concern. The company has acknowledged that it requires additional financing to meet its operational needs and to implement its business strategy effectively. Management plans to pursue both debt and equity financing options, although the terms of such financing remain uncertain. The company’s ability to generate sufficient cash flows and achieve profitability is critical for its future viability, and it remains dependent on third-party and related-party funding sources.