Fri, Jun 13, 12:02 PM (36 days ago)
**Non-Invasive Monitoring Systems, Inc. (NIMU) Q1 2025 Financial Summary** Non-Invasive Monitoring Systems, Inc. (NIMU) reported a challenging quarter, reflecting its status as a shell company with discontinued operations. Key financial metrics and trends are as follows: **Financial Health and Performance:** - **Revenue:** NIMU reported no revenue, consistent with its status as a shell company with no active operations. - **Profit Margins:** The company incurred a net loss of $42,000 for Q1 2025, slightly improved from a $44,000 loss in Q1 2024. - **Cash Flow:** Net cash used in operating activities was $104,000 for the nine months ended April 30, 2025, a decrease from $143,000 in the same period last year. Financing activities provided $95,000 in cash, primarily from promissory notes. - **Earnings Changes:** The net loss decreased by $2,000 for Q1 2025 compared to Q1 2024, mainly due to reduced professional fees and insurance expenses. **Quarterly Performance Discussion:** - **Operating Costs:** General and administrative expenses decreased by $4,000 for Q1 2025 compared to Q1 2024, primarily due to timing of expenses. - **Interest Expense:** Interest expense related to promissory notes increased slightly to $16,000 for Q1 2025 from $14,000 in Q1 2024. - **Going Concern:** The company faces substantial doubt about its ability to continue as a going concern, with an accumulated deficit of $29,008,000 and negative working capital of $886,000 as of April 30, 2025. **Trends and Uncertainties:** - **Liquidity:** NIMU's cash position is precarious, with only $16,000 in cash as of April 30, 2025, and a significant shareholders' deficit. - **Future Operations:** The company is exploring potential mergers, acquisitions, and strategic collaborations to secure its financial future. However, there is no assurance that these efforts will be successful. - **Internal Controls:** The company identified material weaknesses in its internal controls over financial reporting, which could impact the accuracy and timeliness of financial statements. **Future Operations Impact:** - **Financing Needs:** NIMU expects to incur losses for the foreseeable future and will likely need additional external financing, which may result in dilution to stockholders. - **Market Conditions:** Volatile economic conditions may limit the company's ability to access capital in a timely manner. In summary, NIMU's Q1 2025 financial results reflect the challenges of operating as a shell company with discontinued operations. The company's focus on securing additional financing and strategic partnerships will be crucial for its future viability.