Going concern
Filing comparison
American Fusion, 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.
Going Concern The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As of March 31, 2026, the Company has an accumulated deficit of approximately $9.6 million and has incurred recurring losses from operations. These factors raise substantial doubt about the Company's ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Management believes that the completion of the Kepler business merger and…
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
- 2008-11-14
- Prior form
- 10-Q
- Registrant changed from
- Renewal Fuels, 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.