IIOT-OXYS, Inc. reported no revenue for the first quarter of 2026, consistent with the same period in 2025. The company recorded a net loss of $393,673 for the three months ended March 31, 2026, compared to a net loss of $180,313 in the prior year. Operating expenses decreased to $63,589 from $92,258, primarily due to reduced payroll expenses and lower amortization of intangible assets. The company incurred significant other expenses, including a loss of $97,220 from the change in fair market value of derivative liabilities and interest expenses totaling $49,084.
The company's financial position showed a decline in cash and cash equivalents, which fell to $6,838 from $26,342 at the end of 2025. This decrease was attributed to net cash used in operating activities of $59,624, partially offset by $43,000 raised from the sale of Series D Convertible Preferred Stock. As of March 31, 2026, IIOT-OXYS had total liabilities of $2,661,723, up from $2,336,374 at the end of 2025, reflecting an increase in accrued liabilities and derivative liabilities.
Strategically, IIOT-OXYS underwent a management change in October 2025, which included the conversion of convertible promissory notes and compensation owed to officers into Series E Preferred Stock. This restructuring aimed to stabilize the company's financial situation. The company continues to focus on its core business of developing edge computing systems for the Industrial Internet, although it faces challenges in securing new contracts and raising capital for operations.
Operationally, the company has not reported significant changes in customer counts or user statistics. The management expressed concerns about the future, particularly regarding the ability to generate revenue and secure funding. The company is exploring potential mergers or acquisitions to enhance its market position and access to capital. Despite these challenges, management remains optimistic about the long-term potential of its technology and partnerships, particularly in the smart manufacturing and structural health monitoring sectors.
Looking ahead, IIOT-OXYS anticipates that revenue growth will be challenging in 2026 due to ongoing market conditions and the need for additional capital. The company is actively pursuing opportunities to engage with local municipalities and state departments of transportation to secure contracts, while also leveraging its strategic partnerships to enhance its offerings. However, the ability to continue operations remains uncertain, contingent on securing adequate funding and successfully navigating the competitive landscape.
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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