NextBoat files financials for acquired Apex Marine: $2.3M net loss in 2025 with going-concern doubt

OFF THE HOOK YS INC.

Apex Marine had net loss of $2,332,031 on revenue of $29.9M for year ended Dec 31, 2025.
Total assets of $19.5M, liabilities of $14.7M, and members' equity of $4.78M.
Auditor raised substantial doubt about Apex's ability to continue as a going concern due to net loss and negative op cash flow of $7.45M.
Floor plan notes payable of $11.2M and related-party note of $500K outstanding.
Acquisition closed May 13, 2026, making Apex a wholly owned sub of NextBoat (NXB).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.