Groove Botanicals Reports Increased Net Loss and Operating Expenses for Q3 2025

Groove Botanicals, Inc. reported a net loss of $87,001 for the three months ending September 30, 2025, compared to a loss of $84,451 for the same period in 2024. The company has not generated any revenue since its inception and does not anticipate doing so in the near future. Total operating expenses for the recent quarter were $32,383, reflecting an increase of approximately 8% from $29,833 in the prior year. This rise was primarily driven by a 45% increase in legal and professional expenses, which rose from $7,410 to $10,765, largely due to increased filing fees associated with re-filing prior SEC documents.

For the six months ended September 30, 2025, Groove Botanicals reported a net loss of $179,788, slightly higher than the $175,607 loss recorded in the same period of 2024. Total operating expenses for this period increased by 6% to $70,553, up from $66,372 in the previous year. The company’s accumulated deficit grew to $35,376,369 as of September 30, 2025, compared to $35,196,581 at the end of the previous fiscal period. The increase in operating expenses was attributed to higher legal and professional fees, which rose by 20% from $21,956 to $26,370.

In terms of operational metrics, Groove Botanicals has maintained a consistent employee headcount, with no new shares of common stock issued during the reporting period, keeping the total at 59,643,062 shares. The company continues to rely on related party financing, with related party payables increasing from $608,833 to $687,957. The company’s cash position decreased to $1,492 from $2,042, indicating a need for additional capital to sustain operations. The company is actively seeking to raise between $500,000 and $5,000,000 to support its business objectives, which include assembling a portfolio of early-stage electric vehicle battery technologies.

Looking ahead, Groove Botanicals is focusing on its new business model centered around electric vehicle battery technologies developed in collaboration with universities in Norway, Sweden, and Finland. The company plans to seek grants from the State of Minnesota Department of Economic Development to identify corporate partners for commercialization. However, the company’s ability to continue as a going concern is in question due to its ongoing net losses and lack of revenue generation. Management has acknowledged the need for substantial additional funds and is exploring various financing options, although there is no assurance that such financing will be available on favorable terms.