$EXYNW

Exyn Technologies, Inc.

CIK:0001960355|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
Revenues, net	$ 949,604	$ 1,357,757	$ 2,140,201	$ 2,575,810
Cost of revenues	504,451	805,878	1,192,713	1,590,772
Gross profit	445,153	551,879	947,488	985,038
Operating expenses:
Selling, general, and administrative expenses	3,015,844	1,319,147	4,968,243	2,700,036
Research and development expenses	1,358,977	1,187,338	2,573,811	2,521,257
Stock-based compensation	197,785	201,734	397,594	403,468
Total operating expenses	4,572,606	2,708,219	7,939,648	5,624,761
Operating loss	(4,127,453)	(2,156,340)	(6,992,160)	(4,639,723)
Non-operating income (expense):
Interest expense	(446,179)	(87,844)	(782,333)	(169,167)
Interest income	36,019	7,558	39,847	15,074
Noncash change in fair value of SAFE liabilities	565,576	(677,000)	535,576	(677,000)
Debt modification expense	(679,514)		(679,514)
Debt settlement expense	(1,917,165)		(1,917,165)
Other expense	(325,159)	(8,341)	(336,911)	(30,810)
Total non-operating income (expense)	(2,766,422)	(765,627)	(3,140,500)	(861,903)
Net loss before income tax benefit	(6,893,875)	(2,921,967)	(10,132,660)	(5,501,626)
Net loss	(6,893,875)	(2,921,967)	(10,132,660)	(5,501,626)
Other comprehensive income (loss):
Foreign currency translation	1,062	(4,819)	27,798	(4,603)
Comprehensive loss	$ (6,892,813)	$ (2,926,786)	$ (10,104,862)	$ (5,506,229)
Net loss per share:
Net loss per share: basic (in dollars per share)	$ (1.55)	$ (2.22)	$ (3.5)	$ (4.18)
Net loss per share: diluted (in dollars per share)	$ (1.55)	$ (2.22)	$ (3.5)	$ (4.18)
Weighted-average number of common shares outstanding - basic (in shares)	4,453,796	1,316,616	2,896,798	1,316,616
Weighted-average number of common shares outstanding - diluted (in shares)	4,453,796	1,316,616	2,896,798	1,316,616

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - 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
Cash flows from operating activities:
Net loss			$ (10,132,660)	$ (5,501,626)
Adjustments to reconcile net loss to net cash used in Operating activities:
Depreciation and amortization			139,522	170,468
Amortization of debt issuance costs			327,729	20,244
Amortization of right of use assets			75,644	72,704
Debt modification expenses	$ 679,514		679,514
Stock payments made for settlement of debt			669,448
Noncash change in fair value of SAFE liabilities	(565,576)	$ 677,000	(535,576)	677,000
Stock-based compensation			397,594	403,468
Change in provision for credit losses			72,793	11,800
Changes in assets and liabilities:
Accounts receivable			535,161	1,066,925
Inventories			(63,275)	(198,000)
Prepaid expenses and other current assets			420,086	(224,463)
Accounts payable			(437,246)	(44,797)
Accrued expenses and other current liabilities			853,031	(87,552)
Operating lease liabilities			(77,628)	(72,441)
Net cash used in operating activities			(7,075,863)	(3,706,270)
Cash flows from investing activities:
Purchases of property and equipment			(28,691)	(13,700)
Net cash used in investing activities			(28,691)	(13,700)
Cash flows from financing activities:
Proceed from the issuance of common stock, net of expenses and underwriting fees of $2,304,707			15,345,293
Net borrowings under notes payable			1,000,000	1,500,000
Net repayments under notes payable			(2,217,738)
Net borrowings under SAFE liabilities				1,500,000	$ 4,700,000
Net cash provided by financing activities			14,127,555	3,000,000
Net change in cash			7,023,001	(719,970)
Cash, beginning of period:			812,534	1,981,564	1,981,564
Cash, end of period:	$ 7,835,535	$ 1,261,594	7,835,535	1,261,594	$ 812,534
Supplemental disclosure of cash flow information:
Cash paid for interest			348,173	$ 87,844
Non-cash investing and financing activity
Issuance of warrants in connection with conversion of debt			548,448
Issuance of equity kicker shares			1,270,457
Conversion of debt into common stock			3,076,296
Conversion of SAFE liabilities into common stock			$ 6,351,424

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 7,835,535	$ 812,534
Accounts receivable, net	848,254	1,456,208
Inventories, net	1,713,906	1,622,833
Prepaid expenses and other current assets	826,200	1,246,286
Total current assets	11,223,895	5,137,861
Property and equipment, net	233,283	344,114
Right of use assets	236,397	312,041
Other assets	63,700	63,700
Total assets	11,757,275	5,857,716
Current liabilities:
Accounts payable	1,181,455	1,618,701
Accrued expenses and other current liabilities	2,840,137	1,866,123
SAFE liabilities	0	6,887,000
Deferred revenues	227,348	348,538
Current portion of operating lease liabilities	161,992	156,797
Current portion of notes payable, net	1,687,792	6,123,992
Total current liabilities	6,098,724	17,001,152
Long-term liabilities:
Operating lease liabilities, net of current portion	84,467	167,290
Total long-term liabilities	84,467	167,290
Total liabilities	6,183,191	17,168,442
Stockholders' Equity (Deficit)
Preferred Stock, $0.0001 par value, 10,000,000 and 74,382,714 shares authorized and 0, and 64,322,487 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively		6,432
Common Stock, $0.0001 par value, 50,000,000 shares authorized and 7,953,957 and 1,322,500 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	795	132
Additional paid-in capital	91,637,816	64,642,374
Accumulated deficit	(86,045,855)	(75,913,195)
Accumulated other comprehensive loss	(18,672)	(46,470)
Total stockholders' equity (deficit)	5,574,084	(11,310,726)
Total liabilities and stockholders' equity (deficit)	$ 11,757,275	$ 5,857,716