other material
confidence medium
sentiment negative
materiality 0.60
KiNRG provides audited financials for Trinity acquisition; FY2025 net loss $2.7M, going concern
KiNRG, Inc.
- FY2025 net loss $2.7M, revenue $0, accumulated deficit $29M; operating loss $2.36M.
- Auditor's report includes a going concern qualification due to recurring losses and negative cash flow.
- Acquisition of Trinity Group Construction completed April 1, 2026; proceeds financed by promissory note.
- Cash from financing activities $1M in 2025, primarily from stock sales and warrant exercises.
- Shares issued in 2025: 1.125M for services, 750K for cash, 250K for note conversion.