NewHydrogen, Inc. reported its financial results for the nine months ended September 30, 2025, revealing a net loss of $1,581,894, an increase from the $1,347,183 loss recorded during the same period in 2024. The company has not generated any revenue during this period, maintaining its focus on developing clean energy technologies, particularly a thermochemical process for green hydrogen production. The loss per share remained at $(0.00) for both periods, with the weighted average number of shares outstanding increasing to 709,888,042 from 704,599,512.
Operating expenses for the nine months increased to $1,582,324, compared to $1,351,578 in the previous year. This rise was primarily driven by higher selling and marketing expenses, which grew by $67,295 to $296,034, and general and administrative expenses, which increased by $78,016 to $929,754. Research and development expenses also saw a significant rise, totaling $354,074, up from $268,021, largely due to increased consultant costs. The company’s total assets decreased to $1,342,388 from $2,129,685 at the end of 2024, reflecting a reduction in cash and other assets.
In terms of financing, NewHydrogen entered into an equity financing agreement with GHS Investments, which has provided the company with $615,445 through the issuance of common stock. The company issued a total of 25,245,680 shares during the nine months, with the average price per share ranging from $0.0196 to $0.0311. As of September 30, 2025, the company had cash and cash equivalents of $1,306,271, down from $2,104,521 at the end of 2024.
The company’s operational focus remains on developing its proprietary technology for green hydrogen production, which it believes could significantly lower production costs compared to traditional methods. NewHydrogen is collaborating with researchers at UC Santa Barbara to advance this technology. The company has also been actively managing its stock options, with a total of 565,000,000 options outstanding as of September 30, 2025, reflecting ongoing efforts to incentivize employees and consultants.
Looking ahead, NewHydrogen's management expressed optimism about securing additional funding to support its operations and technology development. The company is assessing its operational needs and plans to continue seeking financing to meet its obligations. However, management cautioned that there are no guarantees regarding the availability of future financing or the terms under which it may be obtained.
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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