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Existential event
Time-sensitive event — see the red-flag panel below for the source-quoted detail.
Red Flags Detected
- Delisting (new) — Company received Nasdaq delisting notice May 1, 2026 for bid price noncompliance and filed appeal May 7; ineligible for standard compliance period due to prior reverse stock split.
- Going Concern (removed) — Prior-period disclosure describing uncertainty about continuing operations removed from current filing despite improved but still-negative operating results.
Smart Powerr faces Nasdaq delisting after stock falls below $1; appeal filed May 7
Filed May 15, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 15, 2025 · ~2 min read
Key Changes
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Company received Nasdaq delisting notice May 1, 2026 for bid price below $1.00 for 30 consecutive days. Ineligible for standard compliance period due to prior reverse stock split; filed appeal May 7 which stays delisting pending hearing.
Risk Factors / MD&A: Nasdaq Compliance verify on EDGAR → -
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Going-concern disclosure removed after cash rose 23% to $158.8M and working capital improved to $150.3M. Current ratio strengthened from 9.96:1 to 18.5:1; debt obligations fell from $5.1M to $62K as notes payable were extinguished.
MD&A: Liquidity verify on EDGAR → -
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Revenue jumped 425% to $108K from new 10-year O&M contract worth $0.4M annually; net loss narrowed 38% to $547K as operating expenses fell 49% to $593K through cost controls.
MD&A: Results of Operations verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · May 25, 2026 · How we verify