Edgemode suspends operations and warns of substantial doubt about its ability to continue as a going concern.
SEC EDGAR, 2026-11-13: 10-Q — "substantial doubt"
Edgemode suspends operations and warns of substantial doubt about its ability to continue as a going concern.
Company: Edgemode, Inc. (EDGM) Filed: 2026-11-13, 10-Q (Item: none) Phrase: "substantial doubt" — "At September 30, 2026, the Company had not yet achieved profitable operations and expects to incur further losses as it has suspended its operations until such time, if any, that the Company receives adequate funding, all of which raise substantial doubt about the Company’s ability to continue as a going concern." What the filing says: The company has suspended its operations until it receives adequate funding, raising substantial doubt about its ability to continue as a going concern. As of September 30, 2026, Edgemode had cash of $7,135, total current liabilities of $9,171,546, and an accumulated deficit of $75,260,991. The company has no formal plan in place to address this concern. Additionally, Edgemode is seeking rescission of its April 2025 Share Exchange with Synthesis Analytics Production Ltd. (SAPL) after discovering that SAPL's real property and material assets were encumbered by liens. Two ways it goes: A. The company secures adequate financing to resume operations and resolve its liabilities. B. The company fails to obtain funding and is forced to liquidate or file for bankruptcy. Next date: none named Watch: A regulatory filing or company announcement disclosing a new financing agreement or the outcome of its litigation regarding the SAPL rescission. Tags: going concern