Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.7
| Period ending | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Revenues | $0 | $0 |
| Research and development | $97.4K | $205.3K |
| General and administrative | $390.7K | $732.3K |
| Total operating expenses | $488.0K | $937.6K |
| Loss from operations | -$488.0K | -$937.6K |
| Interest expense | -$41.7K | $0 |
| Total other expense | -$41.7K | $0 |
| Loss before income taxes | -$529.7K | -$937.6K |
| Provision for income taxes | $0 | $0 |
| Net loss | -$529.7K | -$937.6K |
| Net loss per common share - basic and diluted | -$0.03 | -$0.05 |
| Weighted average common shares outstanding - basic and diluted | 20.7M shares | 20.0M shares |
No quarter-by-quarter statement was filed.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash | $202.5K8 | $75.8K2 | $100.5K2 |
| Current assets | $202.5K8 | $99.8K2 | $160.3K2 |
| Total assets | $202.5K8 | $124.4K2 | $301.6K2 |
| Accounts payable | $08 | $18.0K2 | $15.0K2 |
| Current liabilities | $29.4K8 | $36.2K2 | $64.9K2 |
| Total liabilities | $29.4K8 | $42.6K2 | $566.3K2 |
| Retained earnings | -$93.8K8 | -$1.0M2 | -$1.6M2 |
| Shareholders’ equity | $173.1K2 | $81.8K2 | -$264.6K2 |
| Shares outstanding | 16.5M shares8 | 20.4M shares8 | 21.3M shares2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.7
| Period ending | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Net loss | -$529.7K | -$937.6K |
| Shares issued for services and amortization of prepaid stock-based compensation | $39.7K | $303.0K |
| Amortization of debt discount | $20.3K | $0 |
| Accounts payable and accrued liabilities | -$3.0K | -$10.9K |
| Deferred wages payable | $43.5K | $0 |
| Accrued interest on convertible debentures | $21.4K | $0 |
| Net cash used in operating activities | -$407.8K | -$645.5K |
| Purchase of software | -$47.5K | $0 |
| Net cash used in investing activities | -$47.5K | $0 |
| Proceeds from shares issued for cash | $0 | $519.3K |
| Proceeds from convertible debentures issued for cash | $480.0K | $0 |
| Loan proceeds from related party | $30.0K | $0 |
| Repayment of loan from related party | -$30.0K | -$500 |
| Net cash provided by financing activities | $480.0K | $518.8K |
| Net increase (decrease) in cash | $24.7K | -$126.7K |
| Income Taxes Paid, Net | $0 | $0 |
| Cash paid for interest | $0 | $0 |
| Shares issued for software purchase | $87.5K | $0 |
| Shares issued with related party debt | $20.3K | $0 |
| Right of use asset obtained in exchange for lease liability | $0 | $27.5K |
No quarter-by-quarter statement was filed.
What it owns
What Nexscient, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Operating-lease assets (leased space) | $37.4K7 Dec 31, 2025 | $24.6K7 Jun 30, 2024 | +52.3% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $28.5K7 Dec 31, 2025 | $75.8K2 Jun 30, 2024 | −62.5% |
Properties, in its own words
Our executive offices are located at 2029 Century Park East, Suite 400, Los Angeles, CA 90067. In November 2025, the Company entered into a lease agreement for this office space. The lease commenced on November 1, 2025 and expires on October 31, 2027, with monthly rent of $1,815 throughout the lease term. This lease replaced the Company’s prior office arrangement, which expired on October 31, 2025. Flipside AI leases office space and parking facilities in the Philippines under operating leases with remaining terms of approximately one to three years, from which it conducts its production operations. We do not own any real property. We believe our current facilities are adequate for our present needs and that additional space would be available on commercially reasonable terms if required.
Item 2 of the 10-KT filed Sep 23, 2026.9
Leadership
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Chief Executive OfficerFRED TANNOUS named Jan 12, 2024 to May 11, 202610
Timeline
- Aug 20, 20268-K Completed an acquisition or sale11
- Aug 17, 20268-K Regulation FD disclosure12
- Jun 30, 20268-K Executive or director change13
- Jun 29, 20268-K Unregistered sale of shares14
- Jun 25, 20268-K Bylaws or fiscal year changed15
- Apr 2, 20268-K Executive or director change16
- Apr 1, 20268-K Unregistered sale of shares; Executive or director change; Regulation FD disclosure17
- Jan 14, 20268-K Entered a material agreement; Regulation FD disclosure18
- Nov 10, 20258-K Other events19
- Nov 5, 20258-K Executive or director change20
- Aug 6, 20258-K Other events21
- Feb 14, 20258-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure22
Filings
46 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 16 major events, 5 private raises, 12 other. The latest 20:
- Sep 23, 202610-KT EDGAR
- Aug 20, 20268-K/A EDGAR
- Aug 17, 20268-K EDGAR
- Aug 14, 202610-Q EDGAR
- Jun 30, 20268-K EDGAR
- Jun 29, 20268-K EDGAR
- Jun 25, 20268-K EDGAR
- May 15, 202610-Q EDGAR
- May 11, 2026D EDGAR
- Apr 2, 20268-K EDGAR
- Apr 1, 20268-K EDGAR
- Mar 16, 2026D EDGAR
- Jan 27, 202610-Q EDGAR
- Jan 14, 20268-K EDGAR
- Nov 13, 202510-Q EDGAR
- Nov 10, 20258-K EDGAR
- Nov 5, 20258-K EDGAR
- Sep 30, 202510-K EDGAR
- Sep 30, 2025NT 10-K EDGAR
- Aug 6, 20258-K EDGAR
The 46 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $1.4M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2026 | $475.0K | $475.0K |
| 2025 | $760.0K | $760.0K |
| 2024 | $180.0K | $180.0K |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
- Apr 24, 2026Raised $475,000 in a private offering of equity10 Form D: $750,000 offered in all Form D
- Dec 10, 2025Raised $760,000 in a private offering of equity23 Form D: 2 investors so far Form D
- Sep 2, 2024Raised $180,000 in a private offering of debt24 Form D: $500,000 offered in all Form D
- Jan 12, 2024Filed a private offering of equity25 Form D: $1 million offered in all Form D
SEC filer profile
How Nexscient, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNexscient, Inc.1
- CIK0001976663
- Employer ID (EIN)92-29151929
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company9
- Incorporated inDelaware9
- Fiscal year endsDecember 311
- Industry code (SIC)7372 Services-Prepackaged Software1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address2029 Century Park East, Suite 400, Los Angeles, CA 900671
- Phone(310) 494-66201
- Shares outstanding34,564,312 shares as of Sep 9, 20269
- Public float$4.1M as of Dec 31, 20259
- Auditordbbmckennon, Newport Beach, California PCAOB ID 3501; no auditor attestation of internal control over financial reporting9
- On EDGAR sinceMay 9, 20231
- Filings46 in all: 8-K (15), 10-Q (10), D (4), CORRESP (3), 10-K (2), NT 10-K (2), S-1/A (2), UPLOAD (2)1
All 14 form types
10-KT (1), 424B3 (1), 8-K/A (1), D/A (1), EFFECT (1), S-1 (1)
- Latest filingsAnnual report (10-KT) Sep 23, 2026
Quarterly report (10-Q) Aug 14, 2026
Latest 8-K (8-K) Aug 17, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock | NXNT |
From the cover page of the 10-KT filed Sep 23, 2026 (Section 12(b) of the Exchange Act).9
Risk factors and legal proceedings
Legal proceedings
From time to time, the Company may become subject to various legal proceedings that are incidental to the ordinary conduct of its business. Although the Company cannot accurately predict the amount of any liability that may ultimately arise with respect to any of these matters, it makes provision for potential liabilities when it deems them probable and reasonably estimable. These provisions are based on current information and legal advice and may be adjusted from time to time according to developments.
As of the date of this Transition Report, we know of no material existing or pending legal proceedings against the Company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.
The opening of Item 3, Legal Proceedings.9
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARNexscient, Inc. filings on SEC EDGAR
- 2SEC EDGARNexscient, Inc. 10-K for fiscal 2025
- 3SEC EDGARNexscient, Inc. filings on SEC EDGAR
- 4SEC EDGARNexscient, Inc. 10-Q for fiscal 2025
- 5SEC EDGARNexscient, Inc. 10-Q for fiscal 2026
- 6SEC EDGARNexscient, Inc. 10-Q for fiscal 2026
- 7
- 8SEC EDGARNexscient, Inc. 10-K for fiscal 2023
- 9
- 10
- 11SEC EDGARCompleted an acquisition or sale
- 12SEC EDGARRegulation FD disclosure
- 13SEC EDGARExecutive or director change
- 14SEC EDGARUnregistered sale of shares
- 15SEC EDGARBylaws or fiscal year changed
- 16SEC EDGARExecutive or director change
- 17
- 18
- 19SEC EDGAROther events
- 20SEC EDGARExecutive or director change
- 21SEC EDGAROther events
- 22
- 23
- 24
- 25