Greenway Technologies, Inc. reported significant financial challenges in its latest 10-Q filing for the quarter ending June 30, 2025. The company recorded a net loss of $1.89 million, a substantial increase from the $706,863 loss reported in the same period last year. This increase in losses is attributed primarily to a rise in operating expenses, which surged to $1.58 million from $399,948 in the previous year, driven by higher general and administrative costs and the initiation of research and development activities amounting to $461,293.

The company's total assets as of June 30, 2025, stood at $457,461, a significant increase from $20,251 at the end of 2024, largely due to an increase in cash reserves to $379,959 from $20,139. However, total liabilities also rose to $14.56 million, up from $13.03 million, resulting in a stockholders' deficit of $14.1 million, compared to $13 million at the end of the previous fiscal year. The working capital deficit increased by 8.41%, reflecting ongoing financial strain.

In terms of operational developments, Greenway Technologies has not generated any revenue during the reported periods, maintaining a focus on its proprietary Gas-to-Liquids (GTL) technology. The company is actively pursuing strategic partnerships and opportunities to commercialize its G-Reformer technology, which is designed to convert natural gas into high-quality liquid fuels. The company’s workforce remains minimal, with only three employees as of the filing date, indicating a lean operational structure.

Looking ahead, Greenway Technologies faces substantial uncertainty regarding its ability to continue as a going concern. The management has indicated that the company may need to raise additional capital through debt or equity financing to support ongoing operations. The filing highlights the company's intention to explore various financing options, although the terms of such financing remain uncertain. The management's plans include executing business operations more fully in the upcoming fiscal year and seeking strategic partnerships to enhance its market position.

About GREENWAY TECHNOLOGIES INC

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