In Their Own Words
Actual language from SEC filings. Plain-English translation below each entry. Every quote is a matter of public record.
UAVS
"…2024, in conformity with accounting principles generally accepted in the United States of America Substantial Doubt Regarding Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the consolidat…"
10-K filed 2026-03-31
Plain English: UAVS's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
SUNE
"…all and may lead to substantial dilution to the Company’s existing shareholders. Further, there is substantial doubt about the Company’s ability to continue as a going concern, which conditions may adversely affect the Company’s stock price and its ability to raise capital. Based on the Company’s…"
10-K filed 2026-03-20
Plain English: SUNE's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
TXMD
"…in the past and may not be able to maintain or increase profitability in the future. ● There is substantial doubt about our ability to continue as a going concern. ● The dependence upon third parties for the manufacture and supply of our women’s healthcare products may cause delays in, or…"
10-K filed 2026-03-30
Plain English: TXMD's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
DBD
"…ting needs or to meet its obligations as they become due over the next twelve-month period, raising substantial doubt as to the Company’s ability to continue as a going concern. The Company may not be able to generate sufficient cash from operations or have access to other sources of liquidity to su…"
10-K filed 2023-03-16
Plain English: DBD's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
TENX
"…registered public accounting firm’s report includes an explanatory paragraph stating that there is substantial doubt about our ability to continue as a going concern . As a result of our historical operating losses and expected future negative cash flows from operations, we have concluded that the…"
10-K filed 2024-03-28
Plain English: TENX's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
SLNH
"Relating to the Company and its Growth Strategy Our recurring losses from operations have raised substantial doubt regarding our ability to continue as a going concern, and we will require additional capital to support our business and objectives and grow our business. We have incurred recurring…"
10-K filed 2025-03-31
Plain English: SLNH's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
BMRA
"…lents available to us is not sufficient to meet our operating plans for the next 12 months, raising substantial doubt regarding our ability to continue as a going concern. Our financial statements as of May 31, 2025, have been prepared under the assumption that we will continue as a going concern…"
10-K filed 2025-08-29
Plain English: BMRA's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
VNRX
"…y not be able to continue to operate. Our independent registered public accountants have expressed substantial doubt about our ability to continue as a going concern. This opinion could materially limit our ability to raise additional funds by issuing new debt or equity securities or otherwise. If…"
10-K filed 2026-03-31
Plain English: VNRX's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
GTBP
"…ately $28.4 million and used cash in operations of approximately $12.9 million. These factors raise substantial doubt about our ability to continue as a going concern within one year of the date that the financial statements are issued. In addition, the Company’s independent registered public accoun…"
10-K filed 2026-03-02
Plain English: GTBP's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
TOMZ
"…our sales goals could adversely affect our financial condition and results of operations. There is substantial doubt about the Company’s ability to continue as a going concern. For the years ended December 31, 2025 and 2024, our net loss was approximately $3.7 million and $4.5 million, respectivel…"
10-K filed 2026-03-31
Plain English: TOMZ's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
TISI
"…e year after the date of issuance of our consolidated financial statements to determine if there is substantial doubt about the Company’s ability to continue as a going concern. In the preparation of this liquidity assessment, we applied judgment to estimate the projected cash flows of the Company,…"
10-K filed 2023-03-14
Plain English: TISI's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
QMCO
"…assets and satisfaction of liabilities in the ordinary course of business, is uncertain and raises substantial doubt about its ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. The con…"
10-K filed 2025-08-26
Plain English: QMCO's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
CREG
"…bove are probable of occurring and the occurrence, as well as the cash flow discussed, mitigate the substantial doubt raised by the Company’s historical operating results. Management also intends to raise additional funds by way of a private or public offering, or by obtaining loans from banks or o…"
10-K filed 2023-05-08
Plain English: CREG's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
CVM
"…upport its operations. Due to recurring losses from operations and future liquidity needs, there is substantial doubt about the Company’s ability to continue as a going concern. In August 2007, CEL-SCI leased a building near Baltimore, Maryland. The building, which consists of approximately 73,000 s…"
10-K filed 2025-12-23
Plain English: CVM's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
INTZ
"…our ability to raise additional funds through additional public or private financings, which raises substantial doubt that the Company may not be able to continue as a going concern. As of December 31, 2025, we had cash and cash equivalents of $3.6 million. Our primary source of cash for funding op…"
10-K filed 2026-03-25
Plain English: INTZ's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
IMNN
"…ardize the future success of our business. Based on the above, management has determined there is substantial doubt regarding our ability to continue as a going concern. The report of our independent registered public accounting firm for the year ended December 31, 2025 includes an explanatory par…"
10-K filed 2026-03-31
Plain English: IMNN's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
DSS
"…ve months from the filing date of this Annual Report. Based on this, the Company has concluded that substantial doubt of its ability to continue as a going concern has been alleviated. Off-Balance Sheet Arrangements We do not have any off-balance sheet arrangements that have, or are reasonably l…"
10-K filed 2025-03-31
Plain English: DSS's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
SNGX
"…osses from operations, negative cash flows, and shareholders’ deficit as of December 31, 2025 raise substantial doubt about our ability to continue as a going concern absent obtaining adequate new debt or equity financings within one year after the date our consolidated financial statements are issu…"
10-K filed 2026-03-31
Plain English: SNGX's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
GOVX
"…ceived a "going concern" opinion from our independent registered public accounting firm, reflecting substantial doubt about our ability to continue as a going concern. Our consolidated financial statements contemplate that we will continue as a going concern and do not contain any adjustments that m…"
10-K filed 2026-04-15
Plain English: GOVX's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
CLRO
"…y the October 24, 2025 Asset Sale closing), and the absence of committed sources of financing raise substantial doubt about the Company’s ability to continue as a going concern within one year after the issuance date of the consolidated financial statements. Subsequent to year-end, on March 11, 20…"
10-K filed 2026-03-31
Plain English: CLRO's auditors are not confident the business can survive the next twelve months without raising more money. That is what "going concern" means — the formal flag of financial stress, printed in the company's own annual report. Companies in this position typically reach for the machine's tools next: new share issuance, convertible financing, reverse splits. In our dataset, going-concern language precedes a documented run by a median of roughly nine months.
About These Quotes
All language is excerpted verbatim from public SEC filings available at SEC EDGAR. No language has been altered. Filing types include 10-K (annual report), 10-Q (quarterly report), 8-K (current report), S-1 (registration statement), and 424B5 (prospectus supplement). All financing structures described are legal instruments disclosed in public filings.