Non-Invasive Monitoring Systems, Inc. (NIMS) reported its financial results for the three months ending October 31, 2025, revealing a net loss of $42,000, a decrease from the $77,000 loss recorded during the same period in 2024. The company’s operating costs and expenses significantly declined to $25,000 from $63,000 year-over-year, primarily due to reduced professional fees and lower insurance premiums. Despite the decrease in losses, NIMS continues to face challenges, including a shareholders' deficit of $989,000 and only $6,000 in cash as of the end of the reporting period.
The company’s total liabilities remained unchanged at $995,000, with current liabilities primarily consisting of notes payable to related parties. The notes payable increased to $620,000 from $595,000 since the last reporting period, reflecting ongoing financial obligations to key stakeholders. NIMS has not engaged in any new product development or marketing since discontinuing its operations in May 2019, and it currently operates as a shell company with no inventory or active business lines.
In terms of operational metrics, NIMS has maintained a consistent number of common shares outstanding at 154,810,655. The company has not issued any new shares during the reporting period. The lack of operational activity has led to a stagnant customer base, as the company has not pursued new market opportunities or geographic expansions. The management has indicated that they are exploring potential mergers, acquisitions, and strategic collaborations to revitalize the business.
Looking ahead, NIMS acknowledges substantial doubt about its ability to continue as a going concern, given its ongoing losses and negative working capital. The company is actively seeking additional financing through promissory notes and other capital-raising strategies. However, there is no assurance that such financing will be available on favorable terms, which could further impact its operational viability. The management's outlook remains cautious, with expectations of continued losses in the foreseeable future as they navigate the current economic landscape.
About NON INVASIVE MONITORING SYSTEMS INC /FL/
Non-Invasive Monitoring Systems, Inc. is a shell company focused on developing and marketing non-invasive therapeutic platforms based on patented whole body acceleration technology. It previously manufactured motorized devices for circulation and pain relief but discontinued operations in 2019. The company seeks mergers or acquisitions, operates with minimal assets, and relies on strategic collaborations and related-party financing, primarily from Dr. Phillip Frost and associated entities.
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