$XPON

Expion Energy, Inc.

CIK:0001894954|SEC Filings

STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 2,030,065	$ 2,989,947	$ 3,595,912	$ 5,039,278
Cost of sales	1,371,799	2,367,337	2,541,571	3,915,101
Gross profit	658,266	622,610	1,054,341	1,124,177
Selling, general and administrative	1,959,535	1,972,806	4,126,520	3,622,241
Loss from operations	(1,301,269)	(1,350,196)	(3,072,179)	(2,498,064)
Other (income)/expense
Interest income	(13,350)		(27,667)	(1)
Other income	(10,657)		(10,657)
Interest expense	3,196	3,649	8,715	9,317
Loss on sale of property and equipment		14,978		13,353
Other expense	183		213	50
Total other (income) / expense	(20,628)	18,627	(29,396)	22,719
Loss before income taxes	(1,280,641)	(1,368,823)	(3,042,783)	(2,520,783)
Franchise taxes		37	26	75
Net loss	$ (1,280,641)	$ (1,368,860)	$ (3,042,809)	$ (2,520,858)
Net loss per share basic	$ (1.34)	$ (4.93)	$ (3.33)	$ (9.39)
Net loss per share diluted	$ (1.34)	$ (4.93)	$ (3.33)	$ (9.39)
Weighted-average number of common shares outstanding basic	953,192	277,939	912,646	268,586
Weighted-average number of common shares outstanding diluted	953,192	277,939	912,646	268,586

STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net loss	$ (3,042,809)	$ (2,520,858)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	49,802	65,244
Loss on sale of property and equipment		13,353
Stock-based compensation	105,029	183,950
Issuance of common stock in exchange for services		106,250
Allowance for doubtful accounts	7,972
Non-cash expense in exchange for asset disposal		21,420
Changes in operating assets and liabilities:
Accounts receivable	72,711	(102,702)
Inventory	809,209	(306,802)
Prepaid/in-transit inventory	(211,892)	1,127,179
Prepaid expenses and other current assets	(381,116)	(114,387)
Deposits		(4,545)
Accounts payable	(54,697)	337,260
Customer deposits	56,238	219
Accrued expenses and other current liabilities	(12,236)	62,926
Right-of-use assets and lease liabilities	(5,364)	1,597
Suspended liability		(500,000)
Net cash used in operating activities	(2,607,153)	(1,629,896)
Cash flows from investing activities
Net proceeds from sale of property and equipment		4,250
Net cash provided by investing activities		4,250
Cash flows from financing activities
Principal payments on long-term debt	(41,062)	(16,556)
Net proceeds from issuance of common stock	1,219,467	1,779,557
Net cash provided by financing activities	1,178,405	1,763,001
Net change in cash and cash equivalents	(1,428,748)	137,355
Cash and cash equivalents, beginning	2,969,096	547,565
Cash and cash equivalents, ending	1,540,348	684,920
Supplemental disclosure of cash flow information:
Cash paid for interest	8,807	9,783
Cash paid for franchise taxes	176
Non-cash financing activities:
Acquisition/modification of operating lease right-of-use asset and lease liability		$ 198,216

BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash and cash equivalents	$ 1,540,348	$ 2,969,096
Accounts receivable, net	638,281	718,964
Inventory	2,049,571	2,858,780
Prepaid/in-transit inventory	530,332	318,440
Prepaid expenses and other current assets	560,761	179,645
Total current assets	5,319,293	7,044,925
Property and equipment	807,083	807,083
Accumulated depreciation	(528,663)	(478,861)
Property and equipment, net	278,420	328,222
Other Assets
Operating leases – right-of-use asset	507,374	666,199
Deposits	32,016	32,016
Total other assets	539,390	698,215
Total assets	6,137,103	8,071,362
Current liabilities
Accounts payable	349,095	403,792
Customer deposits	59,216	2,978
Accrued expenses and other current liabilities	209,627	221,863
Current portion of operating lease liability	327,527	337,246
Current portion of long-term debt	13,399	31,058
Total current liabilities	958,864	996,937
Long-term debt, net of current portion and discount	142,784	166,187
Operating lease liability, net of current portion	218,008	372,478
Total liabilities	1,319,656	1,535,602
Stockholders’ equity
Preferred stock, par value $0.001; 20,000,000 shares authorized; zero shares issued and outstanding
Common stock, par value $0.001; 1,666,666 shares authorized; 953,192 and 815,145 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	953	815
Additional paid-in capital	48,669,730	47,345,372
Accumulated deficit	(43,853,236)	(40,810,427)
Total stockholders’ equity	4,817,447	6,535,760
Total liabilities and stockholders’ equity	$ 6,137,103	$ 8,071,362