NewHydrogen, Inc. reported its financial results for the six months ending June 30, 2025, revealing a net loss of $1,099,798, an increase from a loss of $909,746 during the same period in 2024. The company has not generated any revenue during this period, maintaining its status as a development-stage entity focused on clean energy technologies. Operating expenses rose to $1,100,103, compared to $910,380 in the prior year, driven primarily by increases in selling and marketing, general and administrative, and research and development expenses.
The company's cash position has also seen a significant decline, with cash decreasing to $1,100,906 from $2,104,521 at the end of 2024. Total current assets fell to $1,163,003, down from $2,110,282, while total liabilities increased slightly to $12,326 from $7,975. The accumulated deficit as of June 30, 2025, stood at $179,042,345, reflecting the ongoing financial challenges faced by the company as it continues to invest in its technology development.
In terms of operational developments, NewHydrogen has focused on advancing its ThermoLoop™ technology, which aims to produce green hydrogen using heat rather than electricity. The company has engaged in various consulting agreements to support its research and development efforts, including a recent agreement with the University of California, Santa Barbara, to further its technology initiatives. As of June 30, 2025, the company had 565 million stock options outstanding, with no options exercised during the reporting period.
Looking ahead, NewHydrogen's management expressed optimism about securing additional funding through equity financing to support its operations and technology development. The company has plans to maintain its current development activities for the next nine months, with expectations of requiring further cash resources in 2025 as it ramps up prototyping efforts. However, management acknowledged the uncertainty surrounding future financing and the potential impact on the company's ability to continue as a going concern.
About NewHydrogen, Inc.
NewHydrogen, Inc. develops clean energy technologies focused on producing low-cost green hydrogen via a thermochemical water splitting process that uses water and heat instead of electricity. Its innovative ThermoLoop™ technology aims to significantly reduce hydrogen production costs, supporting applications in energy storage, transportation, and industrial processes. The company collaborates with research institutions, operates in the renewable energy sector, and targets a large market opportunity driven by global climate policies and the push for sustainable energy solutions.
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