Nexalin Technology, Inc: 10-Q filed 2022-11-10

Name: Nexalin Technology, Inc: 10-Q filed 2022-11-10
Creator: Nexalin Technology, Inc

What Nexalin Technology, Inc reported in its quarterly report filed 2022-11-10 (fiscal Q3 2022): 39 published measures, 109 facts as tagged in accession 0001829126-22-019147.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-11-10
Fiscal period: fiscal Q3 2022
Accession: 0001829126-22-019147 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Nexalin Technology, Inc filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2022-09-30	8,352,763	USD
At 2021-12-31	753,698	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2022-09-30	1,997,990	USD
At 2021-12-31	2,435,639	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2022-09-30	6,354,773	USD
At 2022-06-30	-2,240,479	USD
At 2022-03-31	-1,972,590	USD
At 2021-12-31	-1,681,941	USD
At 2021-09-30	-1,968,374	USD
At 2021-06-30	-1,731,219	USD
At 2021-03-31	-1,608,525	USD
At 2020-12-31	-1,590,330	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit	Days
At 2022-09-30	7,864,079	USD
At 2021-12-31	661,778	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-135,401	USD	92
2022-01-01 to 2022-09-30	-968,139	USD	273
2021-07-01 to 2021-09-30	-1,799,708	USD	92
2021-01-01 to 2021-09-30	-5,482,076	USD	273

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	-1,309,242	USD	273
2021-01-01 to 2021-09-30	-667,700	USD	273

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	545,323	USD	92
2022-01-01 to 2022-09-30	1,282,933	USD	273
2021-07-01 to 2021-09-30	55,970	USD	92
2021-01-01 to 2021-09-30	120,066	USD	273

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	8,511,543	USD	273
2021-01-01 to 2021-09-30	725,690	USD	273

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2022-09-30	-71,659,663	USD
At 2021-12-31	-70,691,524	USD

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2022-09-30	636	USD
At 2021-12-31	1,039	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	453,391	USD	273
2021-01-01 to 2021-09-30	4,358,033	USD	273

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-293,194	USD	92
2022-01-01 to 2022-09-30	-1,113,414	USD	273
2021-07-01 to 2021-09-30	-1,795,449	USD	92
2021-01-01 to 2021-09-30	-5,441,112	USD	273

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2022-09-30	8,344,615	USD
At 2021-12-31	752,659	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	10,452	USD	92
2022-01-01 to 2022-09-30	45,886	USD	273
2021-07-01 to 2021-09-30	27,175	USD	92
2021-01-01 to 2021-09-30	63,880	USD	273

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2022-09-30	1,980,356	USD
At 2021-12-31	2,363,634	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2022-09-30	788,293	USD
At 2021-12-31	843,794	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2022-09-30	10,352	USD
At 2021-12-31	16,303	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	651,219	USD	92
2022-01-01 to 2022-09-30	2,040,002	USD	273
2021-07-01 to 2021-09-30	1,842,113	USD	92
2021-01-01 to 2021-09-30	5,538,730	USD	273

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2022-09-30	152,071	USD
At 2021-12-31	31,410	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	358,025	USD	92
2022-01-01 to 2022-09-30	926,588	USD	273
2021-07-01 to 2021-09-30	46,664	USD	92
2021-01-01 to 2021-09-30	97,618	USD	273

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	187,298	USD	92
2022-01-01 to 2022-09-30	356,345	USD	273
2021-07-01 to 2021-09-30	9,306	USD	92
2021-01-01 to 2021-09-30	22,448	USD	273

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	479,445	USD	92
2022-01-01 to 2022-09-30	1,083,809	USD	273
2021-07-01 to 2021-09-30	1,621,600	USD	92
2021-01-01 to 2021-09-30	4,919,330	USD	273

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	113,617	USD	92
2022-01-01 to 2022-09-30	154,722	USD	273
2021-07-01 to 2021-09-30	33,474	USD	92
2021-01-01 to 2021-09-30	111,440	USD	273

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2022-09-30	7,279,961	shares
At 2021-12-31	4,879,923	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2022-09-30	7,864,079	USD
At 2021-12-31	661,778	USD
At 2021-09-30	136,426	USD
At 2020-12-31	78,436	USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2022-09-30	78,007,156	USD
At 2021-12-31	69,004,703	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2022-09-30	7,512	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2022-09-30	67,196	USD
At 2021-12-31	89,934	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2022-09-30	30,265	USD
At 2021-12-31	29,862	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2022-09-30	442,501	USD
At 2021-12-31	611,795	USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-135,401	USD	92
2022-04-01 to 2022-06-30	-439,489	USD	91
2022-01-01 to 2022-03-31	-393,249	USD	90
2021-07-01 to 2021-09-30	-1,799,708	USD	92
2021-04-01 to 2021-06-30	-2,099,731	USD	91
2021-01-01 to 2021-03-31	-1,582,637	USD	90

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	-968,139	USD	273
2021-01-01 to 2021-09-30	-5,482,076	USD	273

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	403	USD	273
2021-01-01 to 2021-09-30	403	USD	273

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	157,793	USD	92
2022-01-01 to 2022-09-30	145,275	USD	273
2021-07-01 to 2021-09-30	-4,259	USD	92
2021-01-01 to 2021-09-30	-40,964	USD	273

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	664	USD	273
2021-01-01 to 2021-09-30	502	USD	273

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	8,545,270	USD	273
2021-01-01 to 2021-09-30	671,407	USD	273

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	5,224	USD	273
2021-01-01 to 2021-09-30	10,268	USD	273

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	120,661	USD	273
2021-01-01 to 2021-09-30	-6,842	USD	273

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	93,819	USD	273
2021-01-01 to 2021-09-30	245,548	USD	273

Inspect the source

Entity: Nexalin Technology, Inc / CIK 0001527352
Captured: 2026-09-20T09:15:19.458Z
SEC response SHA-256: 08fe6c3fc45c60f375b584dbf55f90c3112735803dfb072a71420bfc0f689b5e

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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print(record["policy"])
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