$RENX

RenX Enterprises Corp.

CIK:0001959023|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
Revenue
Total	$ 4,255,906	$ 1,402,511	$ 8,214,030	$ 1,420,681
Cost of Revenue
Costs of revenue	2,898,411	857,556	5,524,079	869,356
Gross Profit	1,357,495	544,955	2,689,951	551,325
Operating expenses
Payroll and related expenses	1,011,733	685,974	2,065,693	1,137,426
General and administrative expenses	1,916,390	1,429,935	3,337,811	1,879,489
Professional and consulting fees	667,206	181,614	1,753,481	467,180
Marketing and business development expense	758,143	156,778	1,297,870	240,439
Bad debt expense		3,025,000		3,025,000
Total	4,353,472	5,479,301	8,454,855	6,749,534
Operating loss	(2,995,977)	(4,934,346)	(5,764,904)	(6,198,209)
Other income (expense)
Interest expense	(2,809,439)	(830,196)	(4,141,183)	(1,784,845)
Change in fair value of derivative liability			(1,268,162)
Loss on settlement of derivative liability			(3,881,922)
Loss on exchange transaction	(2,215,127)		(2,215,127)
Loss on sale of equipment			(80,289)
Interest income		23,984		47,672
Other income	1,327	16,603	3,370	31,432
Total	(5,023,239)	(789,609)	(11,583,313)	(1,705,741)
Net loss	$ (8,019,216)	$ (5,723,955)	$ (17,348,217)	$ (7,903,950)
Net loss per share
Basic (in Dollars per share)	$ (3.08)	$ (45.9)	$ (7.66)	$ (69.48)
Diluted (in Dollars per share)	$ (3.08)	$ (45.9)	$ (7.66)	$ (69.48)
Weighted average shares outstanding:
Basic (in Shares)	2,600,982	124,718	2,266,132	113,765
Diluted (in Shares)	2,600,982	124,718	2,266,132	113,765
Sales
Revenue
Total	$ 4,255,906	$ 1,402,511	$ 8,214,030	$ 1,420,681
Cost of revenue
Cost of Revenue
Costs of revenue	$ 2,898,411	$ 857,556	$ 5,524,079	$ 869,356

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (17,348,217)	$ (7,903,950)
Adjustments to reconcile net loss to net cash used in operating activities:
Change in fair value of derivative liability	1,268,162
Loss on settlement of derivative liability	3,881,922
Loss on exchange transaction	2,215,127
Depreciation	1,109,213	144,685
Amortization	502,272	62,510
Bad debt expense		3,025,000
Amortization of debt issuance costs	1,963,579	840,845
Amortization of right of use asset	20,478	1,687
Stock based compensation		177,011
Impairment of intangible assets		965,812
Loss on sale of equipment	80,289
Common stock for services	178,558
Changes in operating assets and liabilities:
Account receivable	(548,312)	(168,831)
Inventory	281,969	(30,412)
Prepaid assets and other current assets	(823,075)	346,551
Notes receivable		2,500
Due to affiliates	(47,455)	204,219
Accounts payable and accrued expenses	2,183,303	2,409,973
Operating lease liabilities	(21,720)	(1,687)
Net cash (used in) provided by operating activities	(5,103,907)	75,913
Cash flows from investing activities:
Additions to intangible assets		(7,778)
Cash received in acquisition		309,557
Purchase of CIP materials		(2,575)
Proceeds from sale of property and equipment	25,000
Purchase of property and equipment	(1,746,796)
Additions to equity based investments	(21,300)
Net cash (used in) provided by investing activities	(1,743,096)	299,204
Cash flows from financing activities:
Debt issuance costs	(2,068,717)	(361,477)
Payments on finance lease	(90,640)	(13,620)
Cash paid from split		(58)
Proceeds from notes payable	16,323,308	1,224,900
Principal payments on debt	(2,441,537)	(1,339,283)
Cash payment of derivative liability	(2,769,189)
Net cash provided by (used in) financing activities	8,953,225	(489,538)
Net change in cash from continuing operations	2,106,222	(114,421)
Net cash provided by (used in) discontinued operations:
Cash provided by operating activities		237,505
Cash provided by investing activities		59,591
Cash used in financing activities		(7,355)
Net cash provided by discontinued operations		289,741
Net change in cash	2,106,222	175,320
Cash – beginning of period	54,066	227,766
Cash – end of period	2,160,288	403,086
Supplemental disclosure of non-cash operating activities:
Forgiveness of related party accounts payable and accrued expenses	490,000
Issuance of stock for derivative liability settlement	3,592,954
Issuance of stock for warrant exercise	135
Conversion of Series A preferred stock to common stock	272
Conversion of notes payable and accounts payable and accrued expenses for Series C preferred stock and warrants	7,169,072
Deferred gain on sale from sale of equity investment
Forgiveness of amounts due from affiliates		391,524
Issuance of warrants for debt issuance	6,350,209	285,397
Conversion of notes payable		1,450,000
Pre-funded warrants		$ 83

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash	$ 2,160,288	$ 54,066
Prepaid assets and other current assets	1,461,241	638,166
Inventory	796,641	1,078,610
Accounts receivable, net	1,347,380	799,068
Current Assets	5,765,550	2,569,910
Land	2,393,785	2,393,785
Property and equipment, net	12,334,542	11,802,248
Project development costs and other non-current assets	91,289	91,289
Equity-based investments	849,740	828,440
Intangible assets, net	10,758,093	11,260,365
Right of use assets	269,614	290,092
Goodwill	6,240,432	6,240,432
Total Assets	38,703,045	35,476,561
Current Liabilities
Accounts payable and accrued expenses	5,104,959	5,530,211
Due to affiliates	2,047,378	2,094,833
Short-term notes payable, net	16,051,865	6,956,259
Operating lease liabilities, current	65,301	60,446
Finance lease liabilities, current	190,079	183,359
Derivative liability	6,199	1,218,258
Total Current Liabilities	23,977,530	21,605,632
Long-term debt, net	6,574,496	8,243,678
Operating lease liabilities	223,544	250,119
Finance lease liabilities	885,527	982,887
Total Liabilities	31,661,097	31,082,316
Stockholder’s Equity:
Common stock, $0.001 par value, 500,000,000 shares authorized, 2,621,925 issued and 2,613,742 outstanding as of June 30, 2026 and, 946,742 issued and 938,559 outstanding as of December 31, 2025	2,622	947
Additional paid-in capital	56,799,473	36,565,513
Treasury stock, at cost – 8,183 and 8,183 shares at June 30, 2026 and December 31, 2025, respectively
Accumulated deficit	(49,760,186)	(32,173,480)
Total Stockholder’s Equity	7,041,948	4,394,245
Total Liabilities and Stockholder’s Equity	38,703,045	35,476,561
Related Party
Current Liabilities
Notes payable - related party, current	511,749	5,562,266
Series A Preferred
Stockholder’s Equity:
Preferred stock, value	31	939
Series B Preferred
Stockholder’s Equity:
Preferred stock, value		326
Series C Preferred
Stockholder’s Equity:
Preferred stock, value	$ 7