Overview
- TickerBYOP2
- IndustryHeavy Construction Other Than Bldg Const - Contractors2
- HeadquartersReno, United States2
- Incorporated inNV3
- Business address839 Bestgate Road, Suite 400, Annapolis, Md 214013
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formProfit Corporation2
- LEI549300UB3OSD0NJT82142
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O CORPORATE SERVICE CENTER, INC, 89502 Reno, United States2
- Registered withBusiness Center (Secretary of State), E0622132010-32
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5 begins with winds of 157 mph. Minimal damage is expected from 74 mph winds, while 157 mph sustained winds can be totally destructive.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Selling, general, and administrative expenses | $2.4M | $1.2M |
| Total operating expenses | $2.4M | $1.2M |
| Operating loss | -$2.4M | -$1.2M |
| Gain on settlement of accounts payable | $4.0K | |
| Interest expense | -$26.5K | -$42.1K |
| Total other expenses | -$22.5K | -$42.1K |
| Loss before provision for income taxes | -$2.4M | -$1.2M |
| Net loss from continuing operations | -$2.4M | -$1.2M |
| Net loss from discontinued operations | -$317.1K | -$104.6K |
| Consolidated net loss | -$2.7M | -$1.4M |
| Less: Net loss attributable to non-controlling interest | -$20.1K | |
| Net loss attributable to KiNRG, Inc. | -$2.7M | -$1.3M |
| Net loss per common share from continuing operations, basic | -$0 | -$0 |
| Net loss per common share from continuing operations, diluted | -$0 | -$0 |
| Net loss per common share from discontinued operations, basic | -$0 | -$0 |
| Net loss per common share from discontinued operations, diluted | -$0 | -$0 |
| Net loss per common share, basic | -$0.05 | -$0.03 |
| Net loss per common share, diluted | -$0.05 | -$0.03 |
| Weighted-average number of common shares outstanding, basic | 54.8M shares | 51.2M shares |
| Weighted-average number of common shares outstanding, diluted | 54.8M shares | 51.2M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $328.5K | $23.1K | |
| Prepaid expenses | $12.1K | ||
| Current assets - discontinued operations | $3.9K | ||
| Total current assets | $328.5K | $39.1K | |
| Right of use asset, operating lease | $9.5K | $8.5K | |
| Total assets | $337.9K | $47.7K | |
| Accounts payable | $32.7K | $18.8K | |
| Accrued liabilities - related parties | $50.0K | $100.0K | |
| Accrued payroll | $570.2K | $477.0K | |
| Accrued interest | $133.9K | $121.9K | |
| Lease liabilities - operating lease | $9.5K | $8.5K | |
| Loans payable - related party | $250.0K | ||
| Notes payable | $80.0K | $80.0K | |
| Other liabilities | $7.5K | $11.5K | |
| Current liabilities - discontinued operations | $31.3K | ||
| Total current liabilities | $883.7K | $1.1M | |
| Total liabilities | $883.7K | $1.1M | |
| Common Stock, value issued | $5.7K | $5.2K | |
| Common stock to be issued, 0 and 2,657,550 shares at December 31, 2025 and 2024, respectively | $265 | ||
| Additional paid-in capital | $28.5M | $25.6M | |
| Accumulated deficit | -$29.0M | -$26.3M | |
| Stockholders deficit attributable to KiNRG, Inc. | -$545.8K | -$699.9K | |
| Non-controlling interest | -$351.4K | ||
| Total stockholders' deficit | -$545.8K | -$1.1M | -$468.5K |
| Total liabilities and stockholders equity | $337.9K | $47.7K | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares designated | 10.0M shares | 10.0M shares | |
| Preferred stock undesignated | 5.4M shares | 5.4M shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 250.0M shares | 250.0M shares | |
| Common stock, shares issued | 56.9M shares | 56.9M shares | |
| Common stock, shares outstanding | 51.5M shares | 51.5M shares | |
| Common stock to be issued | $0 | $2.7M |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $328.5K | $23.1K | |
| Prepaid expenses | $12.1K | ||
| Current assets - discontinued operations | $3.9K | ||
| Total current assets | $328.5K | $39.1K | |
| Right of use asset, operating lease | $9.5K | $8.5K | |
| Total assets | $337.9K | $47.7K | |
| Accounts payable | $32.7K | $18.8K | |
| Accrued liabilities - related parties | $50.0K | $100.0K | |
| Accrued payroll | $570.2K | $477.0K | |
| Accrued interest | $133.9K | $121.9K | |
| Lease liabilities - operating lease | $9.5K | $8.5K | |
| Loans payable - related party | $250.0K | ||
| Notes payable | $80.0K | $80.0K | |
| Other liabilities | $7.5K | $11.5K | |
| Current liabilities - discontinued operations | $31.3K | ||
| Total current liabilities | $883.7K | $1.1M | |
| Total liabilities | $883.7K | $1.1M | |
| Common Stock, value issued | $5.7K | $5.2K | |
| Common stock to be issued, 0 and 2,657,550 shares at December 31, 2025 and 2024, respectively | $265 | ||
| Additional paid-in capital | $28.5M | $25.6M | |
| Accumulated deficit | -$29.0M | -$26.3M | |
| Stockholders deficit attributable to KiNRG, Inc. | -$545.8K | -$699.9K | |
| Non-controlling interest | -$351.4K | ||
| Total stockholders' deficit | -$545.8K | -$1.1M | -$468.5K |
| Total liabilities and stockholders equity | $337.9K | $47.7K | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares designated | 10.0M shares | 10.0M shares | |
| Preferred stock undesignated | 5.4M shares | 5.4M shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 250.0M shares | 250.0M shares | |
| Common stock, shares issued | 56.9M shares | 56.9M shares | |
| Common stock, shares outstanding | 51.5M shares | 51.5M shares | |
| Common stock to be issued | $0 | $2.7M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$2.7M | -$1.4M |
| Stock based compensation | $1.3M | $139.2K |
| Imputed interest on loans payable | $14.5K | $30.1K |
| Loss on sale of subsidiary | $316.3K | |
| Right-of-use asset | $10.3K | $9.9K |
| Prepaid assets | $12.1K | -$12.1K |
| Accounts payable | $13.7K | $18.8K |
| Accrued liabilities - related party | $100.0K | $100.0K |
| Accrued interest | $12.0K | $12.0K |
| Accrued payroll | $273.2K | $183.5K |
| Other liabilities | -$16.8K | |
| Operating lease liability | -$10.3K | -$9.9K |
| Net cash used in operating activities | -$698.5K | -$897.4K |
| Proceeds from sale of common stock | $750.0K | $600.0K |
| Proceeds from exercise of warrants | $250.0K | |
| Net cash provided by financing activities | $1.0M | $600.0K |
| Net increase (decrease) in cash and cash equivalents | $301.5K | -$297.4K |
| Establish right-of-use asset and liability | $11.3K | $10.1K |
| Common stock issued for conversion of loan payable - related party | $250.0K | |
| Common stock issued to directors for conversion of fees | $150.0K | |
| Common stock issued to officers for conversion of salaries | $180.0K | |
| Common stock issued for services | $113 | |
| Common stock issued from shares to be issued | $265 |
No quarter-by-quarter statement was filed.
What it owns
What KiNRG, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Operating-lease assets (leased space) | $9.5K6 Dec 31, 2025 | $8.5K6 Dec 31, 2024 | +11.1% |
Properties, in its own words
We do not own any real estate or other properties materially important to our operations. Our headquarters are currently located in Annapolis, MD and the Company shares space at a location in Herndon, VA. Additionally, the CEO maintains an office at 1213 Culbreth Drive Suite 103, Wilmington, NC 28405. We believe that our current office facilities are suitable and adequate to meet our needs as they are contemplated to be conducted.
Item 2 of the 10-K filed Mar 23, 2026.4
Leadership
Who has led KiNRG, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerRonald W. Pickett Dec 30, 2010 to now9
- PresidentMillard L. Wallen Mar 6, 2026 to now10
- PresidentRonald W. Pickett Dec 30, 2010 to Apr 27, 20189
- Chief financial officerOwnkar Persaud Dec 30, 2010 to Dec 30, 201011
- Chief operating officerRonald W. Pickett Sep 8, 2015 to Sep 8, 201512
- Chief operating officerStephen L. Sadle Dec 30, 2010 to Sep 8, 201513
Board members and other officers (16)
- Chief Technology OfficerJohn Wesley Hanback Dec 30, 2010 to Dec 30, 201014
- Secrt & Chief Markt OfficerRobert P. Crabb Dec 30, 2010 to now15
- SecretaryDennis M. O'Brien Mar 13, 2008 to Feb 4, 201016
- Vice PresidentH. James Magnuson Mar 26, 2008 to Feb 4, 201017
- Board memberLivian Jones Mar 6, 2026 to now18
- Board memberMossadaq Chughtai Mar 6, 2026 to now19
- Board memberTroy Hering Mar 6, 2026 to now20
- Board memberMillard L. Wallen Apr 3, 2026 to now21
- Board memberStephen L. Sadle Jan 3, 2012 to now22
- Board memberH. James Magnuson Feb 4, 2010 to now23
- Board memberRobert P. Crabb Dec 30, 2010 to now15
- Board memberRonald W. Pickett Dec 30, 2010 to now9
- Board memberDale B. Lavigne Mar 10, 2008 to Feb 4, 201024
- Board memberTerry Dunne Mar 11, 2008 to Feb 4, 201025
- Board memberArthur P. Dammarell Jr. Mar 24, 2008 to Feb 4, 201026
- Board memberHarry F. Magnuson Apr 10, 2008 to Apr 10, 200827
Former names
Timeline
- Oct 15, 20268-K Regulation FD disclosure28
- Oct 14, 20268-K Regulation FD disclosure29
- Oct 8, 20268-K Executive or director change30
- Jun 12, 20268-K Financial statements and exhibits31
- Jun 9, 20268-K Financial statements and exhibits32
- May 21, 20268-K Financial statements and exhibits33
- Apr 21, 20268-K Change of auditor34
- Apr 2, 20268-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares35
- Dec 30, 2010New chief executive Ronald W. Pickett becomes CEO9
- Dec 26, 2010Founded KiNRG, Inc. is founded2
Filings
35 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 8 major events, 11 insider forms, 11 other. The latest 20:
- Oct 15, 20268-K/A AMENDMENT NO. 1 TO FORM 8-K EDGAR
- Oct 14, 20268-K CURRENT REPORT EDGAR
- Oct 13, 2026S-1/A AMENDMENT NO. 3 TO FORM S-3 EDGAR
- Oct 8, 20268-K CURRENT REPORT EDGAR
- Sep 24, 2026S-1/A AMENDMENT NO. 2 TO FORM S-1 EDGAR
- Sep 15, 2026S-1/A AMENDMENT NO. 1 TO FORM S-1 EDGAR
- Aug 19, 202610-Q QUARTERLY REPORT EDGAR
- Aug 17, 2026NT 10-Q NOTIFICATION OF LATE FILING EDGAR
- Aug 7, 2026S-1 REGISTRATION STATEMENT EDGAR
- Jun 12, 2026DRS EDGAR
- Jun 12, 20268-K/A CURRENT REPORT EDGAR
- Jun 9, 20268-K/A AMENDMENT NO. 2 TO FORM 8-K EDGAR
- May 21, 20268-K/A AMENDMENT NO. 1 TO FORM 8-K EDGAR
- May 15, 202610-Q QUARTERLY REPORT EDGAR
- Apr 21, 20268-K CURRENT REPORT EDGAR
- Apr 9, 20264 EDGAR
- Apr 3, 20264 EDGAR
- Apr 2, 20268-K CURRENT REPORT EDGAR
- Mar 23, 202610-K ANNUAL REPORT EDGAR
- Mar 11, 20263/A EDGAR
The 35 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How KiNRG, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARKiNRG, Inc.1
- CIK0000095572
- Employer ID (EIN)82-60087524
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inNevada4
- Fiscal year endsDecember 311
- Industry code (SIC)1600 Heavy Construction Other Than Bldg Const - Contractors1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address839 Bestgate Road, Suite 400, Annapolis, MD 214011
- Phone443-227-45451
- Shares outstanding62,560,743 as of Aug 10, 20267
- Public float$27.2M as of Jun 30, 20254
- AuditorM&K CPAS, PLLC, The Woodlands, Texas PCAOB ID 2738; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJul 24, 20071
- Filings250 in all: 8-K (51), 4 (37), 10-Q (30), 3 (21), S-1/A (13), CORRESP (10), 10-K (9), S-1 (7)1
All 35 form types
UPLOAD (7), 5 (6), 10-12G/A (5), 8-K/A (5), SC 13D (5), DEF 14A (4), EFFECT (4), NT 10-K (4), 10-Q/A (3), 424B3 (3), RW (3), SC 13G (3), 10-12G (2), D (2), PRE 14C (2), S-8 (2), SC 13G/A (2), 10-K/A (1), 10SB12G (1), 3/A (1), AW (1), DEF 14C (1), DRS (1), NT 10-K/A (1), NT 10-Q (1), REGDEX (1), REVOKED (1)
- Latest filingsAnnual report (10-K) Mar 23, 2026
Quarterly report (10-Q) Aug 19, 2026
Proxy statement (DEF 14A) Oct 31, 2014
Latest 8-K (8-K) Oct 14, 2026
Risk factors and legal proceedings
The risks KiNRG, Inc. names in Item 1A of its 10-K filed Mar 23, 2026: 47 risks under these headings, as written.4
- Risks Related to Our Business and the Industry in Which We Compete
- We are an early development stage company. We have not yet commenced with the construction of our Downdraft Towers or the production of electricity.
- Future financings will involve a dilution of the interests of the stockholders of the Company upon the issuance of additional shares of Common Stock or other securities.
- We anticipate significant future capital needs and the availability of future capital is uncertain.
- We have a history of losses.
- Our independent registered public accounting firm has expressed substantial doubt about our ability to continue as a going concern, which may hinder our ability to obtain future financing and adversely affect our business, financial condition, and results of operations.
- The Company’s strategies for development of the business might not be successful.
- We expect to rely upon strategic relationships in order to execute our business plan and the Company may not be able to consummate the strategic relationships necessary to execute its business plan.
- Project development or construction activities may not be successful and proposed projects may not receive required permits or construction may not proceed as planned.
- The estimates and projections contained herein may not be realized.
- We may be unable to acquire or lease land and/or obtain the approvals, licenses and permits necessary to build and operate our proposed projects in a timely and cost effective manner, and regulatory agencies, local communities or labor unions may delay, prevent or increase the cost of construction and operation of our proposed projects.
- Our ability to manage our growth successfully is crucial to our future.
The other 36 risks
- Notwithstanding the Recovery Act and other regulatory incentives, we may not be able to finance the development or the construction costs of building our planned projects.
- We may not be able to obtain access to the transmission lines necessary to deliver the power we plan to produce and sell.
- Changes in interest rates and debt covenants and increases in turbine and generator prices and construction costs may result in our proposed projects not being economically feasible.
- We may not be able to secure power purchase agreements.
- Our smaller modular HTR may not achieve projected performance, cost, or operational timelines, and delays in commissioning or interconnection could materially and adversely affect our business, financial condition, results of operations, and prospects.
- Increased competition from large, well-capitalized companies in the renewable energy industry could materially and adversely affect our business, financial condition, results of operations, and prospects.
- We intend to rely on project financing to fund the construction of our HTRs, which is expected to be contingent upon our ability to enter into long-term off-take agreements, and we may be unable to obtain such financing or agreements on acceptable terms or at all.
- The operation of our proposed projects may be subject to equipment failure.
- Changes in weather patterns may affect our ability to operate our proposed projects.
- Environmental damage on our properties may cause us to incur significant financial expenses.
- Larger developers have greater resources and expertise in developing and constructing renewable energy projects.
- Renewable energy must compete with traditional fossil fuel sources.
- The wind and solar energy industry in California is highly competitive since wind and solar play an integral role in the electricity portfolio in California.
- Our ability to hire and retain qualified personnel and contractors will be an important factor in the success of our business. Our failure to hire and retain qualified personnel may result in our inability to manage and implement our plans for expansion and growth.
- The market in which we operate is rapidly evolving and we may not be able to maintain our profitability.
- We depend on key personnel, the loss of which could have a material adverse effect on us.
- Certain legal proceedings and regulatory matters could adversely impact our results of operations.
- The Company’s insurance coverage may not be adequate.
- Our planned operations will expose us to various international risks that could adversely affect our business.
- Our ability to conduct business in foreign countries may be affected by legal, regulatory, political and economic risks.
- The occurrence of natural or man-made disasters could adversely affect our financial condition and results of operations.
- Assertions by a third party that the Company infringes its intellectual property could result in costly and time-consuming litigation, expensive licenses or the inability to operate as planned.
- The Company’s business will be adversely affected if the Company is unable to protect its intellectual property rights from unauthorized use or infringement by third parties.
- Risks Related to Ownership of our Common Stock
- We are a “smaller reporting company” and we have elected to comply with certain reduced reporting and disclosure requirements which could make its common stock less attractive to investors.
- A sale or perceived sale of a substantial number of shares of our common stock may cause the price of our common stock to decline.
- Market and economic conditions may negatively impact our business, financial condition and share price.
- If securities or industry analysts do not publish research or reports, or publish unfavorable research or reports about our business, our stock price and trading volume may decline.
- Because certain of our stockholders control a significant number of shares of our common stock, they may have effective control over actions requiring stockholder approval.
- Our share price may be volatile, and you may lose all or part of your investment.
- We do not intend to pay dividends for the foreseeable future, which could reduce the attractiveness of our stock to some investors.
- Provisions in our articles of incorporation and bylaws and Nevada law may discourage, delay or prevent a change of control of our company and, therefore, may depress the trading price of our stock.
- We may be subject to securities litigation, which is expensive and could divert management attention.
- If we fail to comply with the rules under the Sarbanes-Oxley Act of 2002 related to accounting controls and procedures in the future, or, if we discover additional material weaknesses and other deficiencies in our internal control and accounting procedures, our stock price could decline significantly and raising capital could be more difficult. Our management determined that our disclosure controls and procedures and internal controls were ineffective as of December 31, 2025 and 2024 and if they continue to be ineffective could result in material misstatements in our financial statements.
- We may not qualify for OTC Market inclusion, and therefore you may be unable to sell your shares.
- Our common stock may be considered a “penny stock,” and thereby be subject to additional sale and trading regulations that may make it more difficult to sell. Further, if our common stock is considered a “penny stock,” the protection provided by the federal securities laws relating to forward looking statements would not apply to us.
- FINRA sales practice requirements may also limit your ability to buy and sell our common stock, which could depress the price of our shares.
Legal proceedings
In March 2026, the Company received notification of a lawsuit by the holder of the Company's note demanding payment of principal in the amount of $80,000 and accrued interest in the amount $121,883. The Company's legal counsel is current reviewing this case. The company believes this lawsuit is without merit, and plans to vigorously defend its position. The entire amount of principal and interest appears on the Company's balance sheet, and no additional liability has been recorded.
We are not currently involved in any legal proceedings, however, from time to time, we may become a party to various legal actions and complaints arising in the ordinary course of business. In addition to commitments and obligations in the ordinary course of business, we are subject to various claims, pending and potential legal actions for damages, investigations relating to governmental laws and regulations and other matters arising out of the normal conduct of our business. It is possible that cash flows or results of operations could be materially affected in any particular period by the unfavorable resolution of one or more of these contingencies.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARKiNRG, Inc. filings on SEC EDGAR
- 2
- 3SEC EDGARKiNRG, Inc. filings on SEC EDGAR
- 4
- 5SEC EDGARKiNRG, Inc. 10-K for fiscal 2014
- 6SEC EDGARKiNRG, Inc. 10-K for fiscal 2024
- 7SEC EDGARKiNRG, Inc. 10-Q for fiscal 2026
- 8SEC EDGARKiNRG, Inc. 10-Q for fiscal 2026
- 9
- 10SEC EDGARMillard L. Wallen, President
- 11
- 12
- 13
- 14
- 15
- 16SEC EDGARDennis M. O'Brien, Secretary
- 17SEC EDGARH. James Magnuson, Vice President
- 18SEC EDGARLivian Jones, Board member
- 19SEC EDGARMossadaq Chughtai, Board member
- 20SEC EDGARTroy Hering, Board member
- 21SEC EDGARMillard L. Wallen, Board member
- 22SEC EDGARStephen L. Sadle, Board member
- 23SEC EDGARH. James Magnuson, Board member
- 24SEC EDGARDale B. Lavigne, Board member
- 25SEC EDGARTerry Dunne, Board member
- 26
- 27SEC EDGARHarry F. Magnuson, Board member
- 28SEC EDGARRegulation FD disclosure
- 29SEC EDGARRegulation FD disclosure
- 30SEC EDGARExecutive or director change
- 31SEC EDGARFinancial statements and exhibits
- 32SEC EDGARFinancial statements and exhibits
- 33SEC EDGARFinancial statements and exhibits
- 34SEC EDGARChange of auditor
- 35