$AERG

APPLIED ENERGETICS, INC.

CIK:0000879911|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 62,000	$ 70,335	$ 62,000	$ 280,088
Cost of revenue	21,570	47,490	21,570	111,404
Gross profit	40,430	22,845	40,430	168,684
Operating expenses
General and administrative	3,417,507	2,823,159	6,700,295	5,432,847
Selling and marketing	223,330	649,260	395,609	968,044
Research and development	699,234	336,178	1,074,275	659,225
Total operating expenses	4,340,071	3,808,597	8,170,179	7,060,116
OPERATING LOSS	(4,299,641)	(3,785,752)	(8,129,749)	(6,891,432)
Other income/(expense)
Other income	20,879	3	43,264	17
Total other income/(expense)	20,879	3	43,264	17
Loss before provision for income taxes	(4,278,762)	(3,785,749)	(8,086,485)	(6,891,415)
Provision for income taxes
Net loss	(4,278,762)	(3,785,749)	(8,086,485)	(6,891,415)
Preferred stock dividends	(8,501)	(8,501)	(17,003)	(17,003)
Net loss attributable to common stockholders	$ (4,287,263)	$ (3,794,250)	$ (8,103,488)	$ (6,908,418)
Net loss attributable to common stockholders per common share – basic (in Dollars per share)	$ (0.02)	$ (0.02)	$ (0.04)	$ (0.03)
Net loss attributable to common stockholders per common share – diluted (in Dollars per share)	$ (0.02)	$ (0.02)	$ (0.04)	$ (0.03)
Weighted average number of common shares outstanding – basic (in Shares)	229,899,679	222,134,024	229,798,551	220,292,048
Weighted average number of common shares outstanding – diluted (in Shares)	229,899,679	222,134,024	229,798,551	220,292,048

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows From Operating Activities
Net loss	$ (8,086,485)	$ (6,891,415)
Adjustments to reconcile net loss to net cash used in operating activities:
Noncash stock-based compensation expense	2,682,337	2,154,764
Amortization of ROU assets	141,012	128,834
Depreciation	175,147	114,203
Amortization of prepaid assets	102,500	38,393
Changes in assets and liabilities:
Accounts receivable	(81,000)	335,839
Prepaid and deposits		(65,141)
ROU liabilities	(152,842)	(122,639)
Other assets	(281,882)
Accounts payable	319,053	124,568
Deferred Revenue	100,000
Accrued expenses and compensation	(41,894)	54,931
Net cash used in operating activities	(5,124,054)	(4,127,663)
Cash Flows From Investing Activities
Purchase of equipment	(80,465)	(1,151,563)
Net cash used in investing activities	(80,465)	(1,151,563)
Cash Flows From Financing Activities
Repayment on notes payable	(69,446)	(63,325)
Proceeds from issuance of common stock under the market offering		6,004,250
Tax withholdings related to net share settlement of RSU’s	(4,663)	(2,733)
Proceeds from the exercise of stock options and warrants	34,462	41,900
Net cash provided by financing activities	(39,647)	5,980,093
Net change in cash and cash equivalents	(5,244,166)	700,867
Cash and cash equivalents, beginning of period	6,436,082	164,812
Cash, cash equivalents, and restricted cash at end of period	1,191,916	865,679
Supplemental disclosure of cash flow information
Cash paid for interest	2,158	686
Cash paid for taxes
Non-cash investing and financing activities
Insurance financing for prepaid insurance	$ 224,000	$ 160,000

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 1,116,916	$ 6,436,082
Restricted cash	75,000
Accounts receivable, net	81,000	0
Other assets	936,764	533,382
Total current assets	2,209,680	6,969,464
Long-term assets
Property and equipment - net	1,172,355	1,267,037
Right of use asset – operating lease	670,141	811,153
Security deposits	17,004	17,004
Total long-term assets	1,859,500	2,095,194
Total assets	4,069,180	9,064,658
Current liabilities
Accounts payable	539,961	220,908
Notes payable	202,554	48,000
Operating lease liability - current	307,431	281,162
Accrued expenses	200,303	242,197
Deferred revenue	100,000
Accrued dividends	48,079	48,079
Total current liabilities	1,398,328	840,346
Long-term liabilities
Operating lease liability - non-current	485,431	664,542
Total long-term liabilities	485,431	664,542
Total liabilities	1,883,759	1,504,888
Commitments and Contingencies
Stockholders’ Equity
Common stock, $.001 par value, 500,000,000 shares authorized; 229,960,003 and 229,580,642 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	229,962	229,583
Additional paid-in capital	144,903,912	142,192,155
Accumulated deficit	(142,948,467)	(134,861,982)
Total stockholders’ equity	2,185,421	7,559,770
Total Liabilities and Stockholders’ Equity	4,069,180	9,064,658
Series A convertible preferred stock
Stockholders’ Equity
Series A convertible preferred stock, $.001 par value, 2,000,000 shares authorized and 13,602 shares issued and outstanding at June 30, 2026 and December 31, 2025 (Liquidation preference $340,050 and $340,050, respectively)	$ 14	$ 14