Nexscient net loss widens 10% to $316,468 in FY25 transition period; general and administrative expenses rise 35% to $271,398
NXNT•Cash position and liquidity
Cash ended at $28,459, with a working capital deficit of $370,416 and an average monthly cash burn of about $22,000.
Net loss widens in FY25 transition period
Nexscient posted a net loss of $316,468 for the six months ended Dec. 31, 2025, widening 10%.
Total operating expenses rose 4.04% to $292,398, while general and administrative costs climbed 35% to $271,398.
R&D spending falls as interest expense rises
Research and development spending fell 74% to $21,000, and management attributed the drop to reduced third-party development activity.
Interest expense jumped to $24,070 from accrued interest on 9% convertible debentures; principal outstanding increased to $530,000 at period-end.
