AERG on OTC
APPLIED ENERGETICS, INC.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
54.0%Gross margin3
-3233.6%Operating margin3
-3221.1%Net margin3
-81.0%Revenue growth, 20253
-196.7%Return on equity3
-$10.5MFree cash flow3
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue11¢$212.6K
- Research and development89¢$1.7M
Out of $461.7K in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $461.7K | $2.4M |
| Cost of revenue | $212.6K | $1.5M |
| Gross profit | $249.1K | $946.5K |
| General and administrative | $12.2M | $9.5M |
| Selling and marketing | $1.4M | $374.7K |
| Research and development | $1.7M | $239.1K |
| Total operating expenses | $15.2M | $10.1M |
| Operating loss | -$14.9M | -$9.2M |
| Other income | $57.5K | $2.2K |
| Total other income/(expense) | $57.5K | $2.2K |
| Loss before provision for income taxes | -$14.9M | -$9.2M |
| Net loss | -$14.9M | -$9.2M |
| Preferred stock dividends | -$34.0K | -$34.0K |
| Net loss attributable to common stockholders | -$14.9M | -$9.2M |
| Net loss attributable to common stockholders per common share - basic (in Dollars per share) | -$0.07 | -$0.04 |
| Net loss attributable to common stockholders per common share - diluted (in Dollars per share) | -$0.07 | -$0.04 |
| Weighted average number of common shares outstanding basic including prefunded warrants (in Shares) | 224.0M shares | 212.9M shares |
| Weighted average number of common shares outstanding diluted including prefunded warrants (in Shares) | 224.0M shares | 212.9M shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $6.4M | $164.8K | $1.3M |
| Accounts receivable, net | $335.8K | ||
| Other assets | $533.4K | $164.1K | |
| Total current assets | $7.0M | $664.8K | |
| Property and equipment net | $1.3M | $314.5K | |
| Right of use asset operating | $811.2K | $1.1M | |
| Security deposit | $17.0K | $17.0K | |
| Total long-term assets | $2.1M | $1.4M | |
| Total assets | $9.1M | $2.1M | |
| Accounts payable | $220.9K | $258.5K | |
| Notes payable | $48.0K | $47.3K | |
| Operating lease liability current | $281.2K | $265.4K | |
| Accrued expenses | $242.2K | $63.2K | |
| Accrued dividends | $48.1K | $48.1K | |
| Total current liabilities | $840.3K | $732.4K | |
| Operating lease liability - non-current | $664.5K | $945.7K | |
| Total long-term liabilities | $664.5K | $945.7K | |
| Total liabilities | $1.5M | $1.7M | |
| Common stock, $.001 par value, 500,000,000 shares authorized; 229,580,642 and 213,860,508 shares issued and outstanding at December 31, 2025 and 2024, respectively. | $229.6K | $213.9K | |
| Additional paid-in capital | $142.2M | $120.2M | |
| Accumulated deficit | -$134.9M | -$120.0M | |
| Total stockholders equity | $7.6M | $392.7K | $1.6M |
| Total Liabilities and Stockholders Equity | $9.1M | $2.1M | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 500.0M shares | 500.0M shares | |
| Common stock, shares issued (in Shares) | 229.6M shares | 213.9M shares | |
| Common stock, shares outstanding (in Shares) | 229.6M shares | 213.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$14.9M | -$9.2M |
| Noncash stock-based compensation expense | $5.1M | $3.8M |
| Amortization of ROU assets | $263.4K | $214.7K |
| Depreciation and amortization | $282.2K | $218.9K |
| Amortization of prepaid assets | $140.9K | $224.6K |
| Accounts receivable | $335.8K | $232.0K |
| Prepaid and deposits | -$350.1K | -$51.1K |
| ROU liabilities | -$265.4K | -$184.9K |
| Due to related parties | -$50.0K | |
| Deferred revenue | -$308.9K | |
| Accounts payable | -$37.6K | -$54.5K |
| Accrued expenses and compensation | $179.0K | $22.6K |
| Net cash used in operating activities | -$9.2M | -$5.1M |
| Purchase of equipment | -$1.2M | -$98.8K |
| Net cash used in investing activities | -$1.2M | -$98.8K |
| Proceeds from sale of common stock | $10.0M | $4.2M |
| Proceeds from issuance of prefunded warrants | $6.8M | |
| Proceeds from the exercise of stock options and warrants | $126.5K | $89.5K |
| Repayment on note payable | -$159.3K | -$142.0K |
| Tax withholdings related to net share settlement of RSUs | -$17.4K | -$82.3K |
| Net cash provided by (used in) financing activities | $16.7M | $4.0M |
| Net change in cash and cash equivalents | $6.3M | -$1.2M |
| Cash paid for interest | $2.1K | |
| Insurance financing for prepaid insurance | $160.0K | $189.3K |
| Implementation of ASC 842 | $234.5K |
Former names
Recent filings
- Oct 9, 20268-K CURRENT REPORT
- Oct 6, 20264
- Oct 2, 2026S-8 REGISTRATION STATEMENT
- Aug 26, 20264
- Aug 13, 202610-Q QUARTERLY REPORT
- Jun 10, 20264
- Jun 3, 20264
- May 14, 202610-Q QUARTERLY REPORT
- May 14, 20264
- May 14, 20268-K CURRENT REPORT
- May 13, 20264
- Apr 29, 20268-K CURRENT REPORT
- Apr 23, 2026SCHEDULE 13G
- Mar 30, 202610-K ANNUAL REPORT
- Feb 18, 20263 PRIMARY DOCUMENT
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
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