Going concern
Filing comparison
CitroTech Inc. disclosed substantial doubt about its ability to continue as a going concern in its first report following a change of registrant
The prior filing was made by a different business under the same CIK, so this is a new disclosure rather than a change.
At March 31, 2026, the Company had cash of approximately $4.3 million, working capital of $2.8 million, and an accumulated deficit of $119.4 million. For the three months ended March 31, 2026, the Company incurred a net loss of $6.2 million and used approximately $2.1 million of cash in operating activities. The Company's ability to continue as a going concern depends on its ability to scale commercial sales. Management believes that current cash is not sufficient to fund commercial-scale production and the related working capital requirements for the next twelve months. These conditions…
Evidence
- Blank check
- No
- Caveat
- The prior filing was made by a different business under the same CIK, so this is a new disclosure rather than a change.
- Comparable
- No
- Current state
- substantial_doubt
- Current state label
- Substantial doubt about ability to continue as a going concern
- Direction
- not comparable
- Located in
- going-concern note
- Prior filed
- 2025-11-12
- Prior form
- 10-Q
- Registrant changed from
- General Enterprise Ventures, Inc.
- 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.