$NXXT

NEXTNRG, INC.

CIK:0001817004|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
Sales - net	$ 27,747,948	$ 19,691,568	$ 48,807,078	$ 35,964,241
Cost of sales	25,792,310	18,121,752	45,139,730	33,876,456
Gross profit	1,955,638	1,569,816	3,667,348	2,087,785
General and administrative expenses	6,047,468	31,779,768	16,781,948	37,318,273
Depreciation and amortization	335,382	555,752	1,406,455	1,289,088
Total costs and expenses	6,382,850	32,335,520	18,188,403	38,607,361
Loss from operations	(4,427,212)	(30,765,704)	(14,521,055)	(36,519,576)
Other income (expense)
Interest income	1	41	3	41
Gain (loss) on settlement of liabilities	368,819	(1,134,944)	368,819	(1,134,944)
Gain on sale of asset	37,169		37,169
Other income	75,250	86,363	83,195	225,633
Interest expense (including amortization of debt discount)	(2,678,729)	(4,319,031)	(3,359,325)	(7,642,428)
Total other expense - net	(2,197,490)	(5,367,571)	(2,870,139)	(8,551,698)
Net loss	(6,624,702)	(36,133,275)	(17,391,194)	(45,071,274)
Non-controlling interest	(24,749)	(32,509)	(58,217)	(182,974)
Net loss attributable to NextNRG, Inc. before preferred dividends	(6,599,953)	(36,100,766)	(17,332,977)	(44,888,300)
Net loss available to common stockholders - basic	(6,730,789)	(36,274,204)	(17,611,310)	(45,235,176)
Net loss available to common stockholders - diluted	$ (6,730,789)	$ (36,274,204)	$ (17,611,310)	$ (45,235,176)
Loss per share - basic	$ (0.04)	$ (0.30)	$ (0.11)	$ (0.39)
Loss per share - diluted	$ (0.04)	$ (0.30)	$ (0.11)	$ (0.39)
Weighted average number of shares - basic	161,506,846	119,114,085	155,446,079	114,394,593
Weighted average number of shares - diluted	161,506,846	119,114,085	155,446,079	114,394,593
Series A Convertible Preferred Stock [Member]
Other income (expense)
Preferred stock dividend	$ (70,836)	$ (113,438)	$ (158,333)	$ (226,876)
Series B Convertible Preferred Stock [Member]
Other income (expense)
Preferred stock dividend	$ (60,000)	$ (60,000)	$ (120,000)	$ (120,000)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Operating activities
Net loss	$ (6,624,702)	$ (36,133,275)	$ (17,391,194)	$ (45,071,274)
Adjustments to reconcile net loss to net cash used in operations
Contributed capital				571,215
Depreciation and amortization			1,406,455	1,289,088
Finance lease interest accretion			268,678
Amortization of operating lease - right-of-use asset			122,004	181,058
Amortization of operating lease - right-of-use asset - related party			56,610	41,229
Amortization of debt discount			1,260,741	4,321,129
Bad debt expense			5,598	11,264
Stock issued in connection with loan interest expense			29,323	497,960
Stock issued for services			9,256,434	26,950,157
Stock issued for services - related parties				17,333
Default penalty interest expense				70,720
(Gain) loss on settlement of liabilities			(368,819)	1,434,924
Gain on sale of asset			(37,169)	(299,980)
Changes in operating assets and liabilities
Accounts receivable			(879,665)	(1,432,469)
Inventory			(147,041)	(100,670)
Prepaids and other			(987,195)	(2,232,728)
Deposits			(385,684)	(177,824)
Accounts payable and accrued expenses			2,339,113	4,959,496
Accounts payable and accrued expenses - related party			1,060,053	1,188,411
Operating lease liability			(119,258)	1,495,260
Operating lease liability - related party			(56,591)	(50,611)
Net cash used in operating activities			(4,567,606)	(6,336,312)
Investing activities
Cash proceeds from sale of trucks	57,875		57,875	531,850
Net cash provided by investing activities			57,875	531,850
Financing activities
Proceeds from notes payable			6,912,081	9,642,255
Proceeds from notes payable - related party				1,826,594
Proceeds from common stock issued for cash			7,917,443	15,226,134
Cash paid for direct offering costs - common stock			(614,998)	(1,557,005)
Payments on finance lease liabilities			(724,140)
Repayments on notes payable			(7,565,592)	(17,992,795)	$ (23,754,992)
Repayments on loan payable - related party			(915,507)	(300,000)
Net cash provided by financing activities			5,009,287	6,845,183
Net increase in cash			499,556	1,040,721
Cash - beginning of period			384,140	1,612,117	1,612,117
Cash - end of period	$ 883,696	$ 2,652,838	883,696	2,652,838	$ 384,140
Supplemental disclosure of cash flow information
Cash paid for interest			5,668
Cash paid for income tax
Supplemental disclosure of non-cash investing and financing activities
Contributed capital				571,215
Reclassification of prior period deposit to purchase of vehicles (Yoshi)				2,035,283
Right-of-use asset obtained in exchange for new operating lease liability - related party				694,650
Right-of-use asset obtained in exchange for new operating lease liability				863,960
Debt discount (OID) in connection with the issuance of notes payable			2,407,460	2,563,365
Debt discount (OID) in connection with the issuance of notes payable - related party				175,000
Common stock / warrants issued with notes payable			131,975
Series A and B convertible preferred stock dividends - payable in common stock			190,833	173,438
Series B - convertible preferred stock distribution - prior investment - related party				14
Issuance of common stock for Series A / B convertible preferred stock dividend shares payable			278,333	431,709
Stock issued to settle accounts payable				68,680
Stock issued for conversion of notes payable			1,375,000	2,120,000
Series A convertible preferred stock converted to common stock			28
Related-party note payable converted to stock payable			$ 100,360

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash	$ 883,696	$ 384,140
Accounts receivable - net	2,913,281	2,039,214
Inventory	756,902	609,861
Prepaids and other	1,140,026	152,831
Total Current Assets	5,693,905	3,186,046
Property and equipment - net	5,406,856	6,833,918
Deposits	612,549	226,865
Total Assets	12,351,220	11,063,353
Current Liabilities
Stock payable - related parties	620,360	520,000
Financing lease liability	1,030,525
Total Current Liabilities	31,299,028	28,302,041
Long-Term Liabilities
Notes payable - net		811,525
Financing lease liability	2,091,419	3,577,478
Total Long-Term Liabilities	2,374,913	4,876,157
Total Liabilities	33,673,941	33,178,198
Commitments and Contingencies
Stockholders’ Deficit
Common stock - $0.0001 par value; 500,000,000 shares authorized; 167,864,058 and 142,426,924 shares issued and outstanding, respectively	16,783	14,240
Additional paid-in capital	152,622,021	134,250,385
Accumulated deficit	(171,465,942)	(153,942,132)
Stockholders’ Deficit	(18,827,124)	(19,677,465)
Non-controlling interest	(2,495,597)	(2,437,380)
Total Stockholders’ Deficit	(21,322,721)	(22,114,845)
Total Liabilities and Stockholders’ Deficit	12,351,220	11,063,353
Series A Convertible Preferred Stock [Member]
Stockholders’ Deficit
Preferred stock value		28
Series B Convertible Preferred Stock [Member]
Stockholders’ Deficit
Preferred stock value	14	14
Nonrelated Party [Member]
Current Assets
Operating lease - right-of-use asset	486,166	608,170
Current Liabilities
Accounts payable and accrued expenses	6,276,496	4,058,798
Notes payable - net	9,270,696	9,641,069
Operating lease liability	241,118	219,953
Long-Term Liabilities
Operating lease liability	250,940	391,363
Related Party [Member]
Current Assets
Operating lease - right-of-use asset	151,744	208,354
Current Liabilities
Accounts payable and accrued expenses	3,028,143	1,968,557
Notes payable - net	10,648,727	11,629,847
Operating lease liability	122,963	116,317
Dividends payable (common stock) - related parties	60,000	147,500
Long-Term Liabilities
Operating lease liability	$ 32,554	$ 95,791