Fri, May 9, 5:44 PM (40 days ago)
**Greenway Technologies, Inc. (GWTI)** reported a challenging first quarter for 2025, highlighting significant financial difficulties and uncertainties. The company, engaged in gas-to-liquids (GTL) technology, reported a net loss of $683,641, a 91.46% increase from the same period in 2024. Operating expenses surged, driven by increased research and development, legal fees, and consulting expenses. The company's cash flow from operations was negative $326,307, reflecting a substantial increase in net loss and changes in operating assets and liabilities. **Key Financial Metrics:** - **Revenue:** $0 (no revenue generated). - **Net Loss:** $683,641 (up 91.46% from 2024). - **Cash Flow from Operations:** -$326,307 (up 182.11% from 2024). - **Working Capital Deficit:** $13,214,090 (up 6.68% from 2024). - **Stockholders' Deficit:** $13,214,090 (up 6.68% from 2024). **Financial Health and Performance:** - **Cash Position:** $169,832, a significant increase from 2024 but insufficient for ongoing operations. - **Liabilities:** Total liabilities exceeded assets by $13,214,090. - **Stock Issuance:** Issued 14,490,000 shares for $455,500 and committed to issue additional shares. **Future Operations and Uncertainties:** - **Going Concern:** The company's ability to continue as a going concern is in doubt due to recurring net losses and insufficient cash flows. - **Funding:** Plans to raise additional capital through debt or equity, though terms are uncertain. - **Legal and Operational Challenges:** Faces legal proceedings and operational hurdles, including defaults on notes payable. **Trends and Outlook:** - **Increased Expenses:** Significant increases in research and development, legal, and consulting expenses. - **Cash Flow Issues:** Negative cash flow from operations indicates financial strain. - **Strategic Plans:** Focus on executing business operations, exploring strategic partnerships, and raising capital. **Conclusion:** Greenway Technologies, Inc. faces substantial financial challenges, with increasing losses and cash flow issues. The company's future depends on its ability to secure additional funding and execute its strategic plans effectively. Investors should closely monitor the company's efforts to address its financial difficulties and achieve sustainable operations.