Nexscient Reports Increased Net Loss and Cash Outflow for Quarter Ending September 30, 2025

Nexscient, Inc. reported its financial results for the three months ending September 30, 2025, revealing a net loss of $166,981, an increase of 31% from the $127,630 loss recorded in the same period last year. The company, which has yet to generate any revenue since its inception, attributed the rise in losses primarily to increased operating expenses, which totaled $154,934, up from $127,630 in the prior year. This increase was driven by a significant rise in general and administrative expenses, which surged by 150% to $144,434, reflecting higher professional and management fees.

In terms of cash flow, Nexscient reported a net cash outflow from operating activities of $91,517 for the quarter, compared to $104,359 in the same period last year. The company ended the quarter with $58,953 in cash, a decrease from $100,470 at the end of June 2025. The cash burn rate is approximately $22,500 per month, and management indicated that existing capital resources are expected to sustain operations for at least three months. The company plans to pursue additional financing through public offerings and private placements to support its ongoing operations and development efforts.

Nexscient's balance sheet as of September 30, 2025, showed total assets of $235,437, down from $301,639 at the end of June 2025. Current liabilities increased to $103,609 from $64,877, largely due to a rise in deferred wages payable. The accumulated deficit grew to $1,728,043, reflecting the company's ongoing challenges in achieving profitability. The company has also issued convertible debentures totaling $530,000, which contributed to an interest expense of $12,047 for the quarter.

Strategically, Nexscient is focused on building a global network of AI-enabled Intelligent Enterprise Solutions through internal development and acquisitions. The company has not yet launched any products but is in the process of developing its Nexscient Intelligent Enterprise Solutions platform. Additionally, on November 7, 2025, Nexscient entered into a Strategic Alliance Agreement with Tekcapital, plc, aimed at exploring acquisition opportunities in the technology sector. The company is also undergoing leadership changes, with CEO Fred E. Tannous stepping in as interim CFO following the resignation of Michael Portera.

Looking ahead, Nexscient faces significant challenges, including the need for additional financing to continue operations and the development of its business plan. The company has expressed substantial doubt about its ability to continue as a going concern without generating revenue or securing further funding. Management's strategy includes identifying acquisition targets and enhancing its service offerings, but the path to profitability remains uncertain as the company continues to navigate its development stage.