XWELL, Inc.

CIK 1410428 XWEL·Services · All EDGAR filings ↗

Refine

An amendment is grouped with the report it amends; every 12b-25 notice is one group

Late filing Filing comparison 2026-05-15

XWELL, Inc. told the SEC it could not file its quarterly report on time

(the “Company”) will not, without unreasonable effort and expense, be able to file its Quarterly Report on Form 10-Q for the period ended March 31, 2026 (the “Form 10-Q”), within the prescribed time period. Additional time is needed for the Company to compile and analyze supporting documentation in order to complete its financial statement preparation and review process to finalize the Form 10-Q. The Company anticipates that it will file the Form 10-Q no later than the fifth calendar day following the prescribed filing date.

Evidence

Days past due date: 0
Routine: Yes
Severity: normal
Source: Form 12b-25 (notification of late filing)
Stated reason: (the “Company”) will not, without unreasonable effort and expense, be able to file its Quarterly Report on Form 10-Q for the period ended March 31, 2026 (the “Form 10-Q”), within the prescribed time period. Additional time is needed for the Company to compile and analyze supporting documentation in order to complete its financial statement preparation and review process to finalize the Form 10-Q. The Company anticipates that it will file the Form 10-Q no later than the fifth calendar day following the prescribed filing date.
Why: The company told the SEC it could not file a periodic report on time, using Form 12b-25.

Source filing ↗

Going concern Filing comparison 2026-04-01

XWELL, Inc. said management's plans alleviate substantial doubt about going concern

No going-concern disclosure → Substantial doubt raised, alleviated by management's plans

The Company’s working capital was in a deficit position at December 31, 2025, compared with a working capital surplus of $6,113 at December 31, 2024. These conditions, together with historical operating losses and negative cash flows from operations, previously raised substantial doubt about the Company’s ability to continue as a going concern within one year after the issuance of these financial statements. On February 24, 2026, the Company announced it had entered into a securities purchase agreement for a private placement of Series H Convertible Preferred Stock and accompanying warrants…

Evidence

Blank check: No
Comparable: Yes
Current state: doubt_alleviated
Current state label: Substantial doubt raised, alleviated by management's plans
Direction: escalated
Located in: going-concern note
Prior filed: 2025-04-28
Prior form: 10-K/A
Prior state: none
Prior state label: No going-concern disclosure
Source: ASC 205-40 going-concern note comparison
Why: Disclosure about the company's ability to continue as a going concern changed compared with its previous report.

Source filing ↗ Prior filing ↗

Late filing elevated Filing comparison 2026-04-01

XWELL, Inc. told the SEC it could not file its annual report on time

(the “Company”) will not, without unreasonable effort and expense, be able to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “2025 Annual Report”) within the prescribed time period. Additional time is needed for the Company to compile and analyze supporting documentation in order to complete its financial statement preparation and review process to finalize the Form 10-K. The Company anticipates that it will file the Form 10-K no later than the fifteenth calendar day following the prescribed filing date.

Evidence

Days past due date: 1
Routine: No
Severity: elevated
Source: Form 12b-25 (notification of late filing)
Stated reason: (the “Company”) will not, without unreasonable effort and expense, be able to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “2025 Annual Report”) within the prescribed time period. Additional time is needed for the Company to compile and analyze supporting documentation in order to complete its financial statement preparation and review process to finalize the Form 10-K. The Company anticipates that it will file the Form 10-K no later than the fifteenth calendar day following the prescribed filing date.
Why: The company told the SEC it could not file a periodic report on time, using Form 12b-25.

Source filing ↗