IIOT-OXYS, Inc. reported significant financial challenges in its latest 10-Q filing for the quarter ending September 30, 2025. The company recorded no revenue for the quarter, a stark contrast to the $2,500 generated in the same period last year. Operating expenses totaled $100,033, down from $155,831 in the prior year, primarily due to reduced general and administrative costs. However, the company incurred a net loss of $438,889 for the quarter, compared to a loss of $126,199 in Q3 2024. For the nine months ending September 30, 2025, the net loss was $669,613, a slight improvement from the $773,580 loss reported for the same period in 2024.
The company's balance sheet reflects a decline in total assets, which decreased to $112,704 from $175,181 at the end of 2024. Current liabilities increased significantly to $3,190,356, up from $2,503,160, driven by higher accrued liabilities and notes payable. The accumulated deficit also widened to $11,877,865, raising concerns about the company's ability to continue as a going concern. The company has indicated that it is exploring options for raising capital, including potential mergers or acquisitions, to address its liquidity issues.
Strategically, IIOT-OXYS has faced setbacks in its revenue-generating initiatives. The company’s contract with the Department of Transportation (DOT) for structural health monitoring ended in December 2023, and while it continues to monitor two sites at its own expense, there are no immediate plans to restart the program. The company is pursuing new contracts with local municipalities and other state DOTs, but these efforts may take time to materialize. Additionally, the company’s smart manufacturing vertical, which previously showed promise, has seen its SaaS contract end, although the customer remains supportive and is expected to endorse IIOT-OXYS's capabilities.
Operationally, the company has not reported any significant changes in customer counts or user statistics, and it continues to rely on its strategic partnership with Aingura IIoT, S.L. for expertise and resources. The company’s cash position has deteriorated, with only $278 in cash as of September 30, 2025, down from $23,593 at the end of 2024. The management has acknowledged the challenges in raising capital and is actively seeking funding to sustain operations. The outlook remains uncertain, with management emphasizing the need for additional capital to support ongoing operations and potential growth initiatives.
About IIOT-OXYS, Inc.
IIOT-OXYS, Inc. designs and develops edge computing hardware, software, and AI algorithms for industrial, energy, structural, agricultural, and medical applications. Focused on predictive insights and operational efficiency, it serves markets like smart manufacturing and infrastructure. Operating through subsidiaries, it emphasizes reconfigurable, open-source-based solutions, targeting early-stage growth with a competitive edge in edge over cloud computing, and aims to address industrial and environmental challenges.
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