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Red Flags Detected

  • Material Weakness (new) — Disclosure controls and procedures remain ineffective due to material weakness in internal control over financial reporting related to Grid AI Corp. integration.
  • Going Concern (unchanged) — Substantial doubt about ability to continue as a going concern persists, with unchanged financial position.
NASDAQ: GRDX GridAI Technologies Corp. 10-Q/A

revenue $85,876, net income -$13.0M. GridAI 10-Q/A adds loan, arbitration claim; financials unchanged

Filed September 18, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 21, 2026 · ~1 min read

Key Financials

SEC XBRL

Period financials are unchanged from the original 10-Q (same period end Jun 30, 2026). This amendment updates disclosure only — see the diff below.

Key Changes

  • high

    New $2 million secured convertible loan to Pronghorn Resources, LLC disclosed, due Dec 31, 2026 or change of control, bearing 7% interest.

    MD&A: Loan to Pronghorn verify on EDGAR →
  • high

    WestPark Capital commenced arbitration seeking ~$2.06 million for alleged breach of investment banking agreement

    Legal Proceedings verify on EDGAR →
  • medium

    Amendment adds detailed goodwill impairment valuation: AI reporting unit fair value $22.2M vs carrying $32.27M, goodwill reduced from $22.4M to $12.4M.

    MD&A: Goodwill verify on EDGAR →

1 more material change 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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View original filing on SEC.gov

Figures/quotes linked to EDGAR · Narrative written by AI · Sep 18, 2026 · How we verify