Overview
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- TickerNTRB on Nasdaq2
- IndustryOrthopedic, Prosthetic & Surgical Appliances & Supplies2
- HeadquartersOviedo, United States2
- Incorporated inNV4
- Business address121 S. Orange Ave., Suite 1500, Orlando, Fl 328014
- Filer category, Emerging growth company4
- Legal formProfit Corporation2
- LEI549300OZV3WLQQWOD7242
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O Incorp Services, Inc., 89169 Las Vegas, United States2
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Preclinical phase . Before a drug company can test an experimental treatment in humans, it must prove the drug is safe and effective in animals. Scientists run tests in various animals before presenting the data to the FDA as an investigational new drug application. For already approved drugs, an animal study may not be required prior to testing in humans. In most cases, the company must file an Investigational New Drug (IND) submission to get clearance to test the product in humans.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Regions
United States brought in 100% of the revenue NutriBand Inc. broke down this way in fiscal 2026.
Regions by year
| Regions | 2025 | 2026 |
|---|---|---|
| United States | $2.1M | $2.0M |
| Outside the United States | $7.6K |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue14¢$1.5M
- Research and development18¢$1.9M
- Selling, general and admin68¢$7.0M
Out of $2.0M in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2026-01-31 | 2025-01-31 |
|---|---|---|
| Revenue | $2.0M | $2.1M |
| Cost of revenues | $1.5M | $1.4M |
| Research and development | $1.9M | $3.1M |
| Goodwill and intangibles impairment | $3.6M | |
| Selling, general and administrative | $7.0M | $4.3M |
| Total Costs and Expenses | $10.4M | $12.4M |
| Loss from operations | -$8.3M | -$10.3M |
| Other income | $110.9K | $191.7K |
| Loss on extinguishment of debt | -$368.0K | |
| Interest expense | -$22.5K | -$21.4K |
| Total other income (expense) | $88.3K | -$197.8K |
| Loss before provision for income taxes | -$8.2M | -$10.5M |
| Net loss | -$8.2M | -$10.5M |
| Preferred shares dividend | -$21.8M | |
| Net loss available to common stockholders - basic | -$30.0M | -$10.5M |
| Net loss available to common stockholders - diluted | -$30.0M | -$10.5M |
| Net loss per share attributable to common stockholders- basic (in Dollars per share) | -$2.58 | -$0.99 |
| Net loss per share attributable to common stockholders- diluted (in Dollars per share) | -$2.58 | -$0.99 |
| Weighted average common shares outstanding - basic (in Shares) | 11.6M shares | 10.6M shares |
| Weighted average common shares outstanding - diluted (in Shares) | 11.6M shares | 10.6M 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.3
| Period ending | 2026-01-31 | 2025-01-31 | 2024-01-31 |
|---|---|---|---|
| Cash and cash equivalents | $4.6M | $4.3M | |
| Accounts receivable-net | $118.4K | $73.8K | |
| Inventory- net | $118.0K | $212.0K | |
| Prepaid expenses | $177.5K | $196.7K | |
| Total Current Assets | $5.0M | $4.8M | |
| PROPERTY & EQUIPMENT-net | $567.3K | $695.1K | |
| Goodwill | $1.7M | $1.7M | |
| Operating lease right of use asset | $72.0K | ||
| Intangible assets-net | $200.4K | $261.1K | |
| TOTAL ASSETS | $7.5M | $7.5M | |
| Accounts payable and accrued expenses | $502.7K | $698.8K | |
| Deferred revenue | $120.3K | $155.9K | |
| Operating lease liability-current portion | $32.5K | ||
| Notes payable-current portion | $128.9K | $128.1K | |
| Total Current Liabilities | $784.3K | $982.8K | |
| Note payable-net of current portion | $35.9K | $58.2K | |
| Operating lease liability-net of current portion | $48.3K | ||
| Total Liabilities | $868.4K | $1.0M | |
| Preferred stock, $.001 par value, 10,000,000 shares authorized, -3,008,643 and -0- issued and outstanding as of January 31, 2026 and 2025, respectively | $3.0K | ||
| Common stock, $.001 par value, 291,666,666 shares authorized, 12,174,883 and 11,107,210 shares issued at January 31, 2026 and 31, 2025, respectively, 12,155,983 and 11,074,810 shares outstanding as of January 31, 2026 and 2025, respectively | $12.2K | $11.1K | |
| Additional paid-in-capital | $53.4M | $45.0M | |
| Accumulated other comprehensive loss | -$304 | -$304 | |
| Treasury stock, 18,900 and 32,400 shares at cost, as of January 31, 2026 and 2025,respectively | -$86.9K | -$148.5K | |
| Accumulated deficit | -$46.7M | -$38.5M | |
| Total Stockholders Equity | $6.7M | $6.4M | $6.4M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $7.5M | $7.5M | |
| Preferred stock par value (in Dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in Shares) | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued (in Shares) | 3.0M shares | 0 shares | |
| Preferred stock, shares outstanding (in Shares) | 3.0M shares | 0 shares | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 291.7M shares | 291.7M shares | |
| Common stock, shares issued (in Shares) | 12.2M shares | 11.1M shares | |
| Common stock, shares outstanding (in Shares) | 12.2M shares | 11.1M shares | |
| Treasury stock, shares (in Shares) | 18.9K shares | 32.4K shares |
| Period ending | 2026-01-31 | 2025-01-31 | 2024-01-31 |
|---|---|---|---|
| Cash and cash equivalents | $4.6M | $4.3M | |
| Accounts receivable-net | $118.4K | $73.8K | |
| Inventory- net | $118.0K | $212.0K | |
| Prepaid expenses | $177.5K | $196.7K | |
| Total Current Assets | $5.0M | $4.8M | |
| PROPERTY & EQUIPMENT-net | $567.3K | $695.1K | |
| Goodwill | $1.7M | $1.7M | |
| Operating lease right of use asset | $72.0K | ||
| Intangible assets-net | $200.4K | $261.1K | |
| TOTAL ASSETS | $7.5M | $7.5M | |
| Accounts payable and accrued expenses | $502.7K | $698.8K | |
| Deferred revenue | $120.3K | $155.9K | |
| Operating lease liability-current portion | $32.5K | ||
| Notes payable-current portion | $128.9K | $128.1K | |
| Total Current Liabilities | $784.3K | $982.8K | |
| Note payable-net of current portion | $35.9K | $58.2K | |
| Operating lease liability-net of current portion | $48.3K | ||
| Total Liabilities | $868.4K | $1.0M | |
| Preferred stock, $.001 par value, 10,000,000 shares authorized, -3,008,643 and -0- issued and outstanding as of January 31, 2026 and 2025, respectively | $3.0K | ||
| Common stock, $.001 par value, 291,666,666 shares authorized, 12,174,883 and 11,107,210 shares issued at January 31, 2026 and 31, 2025, respectively, 12,155,983 and 11,074,810 shares outstanding as of January 31, 2026 and 2025, respectively | $12.2K | $11.1K | |
| Additional paid-in-capital | $53.4M | $45.0M | |
| Accumulated other comprehensive loss | -$304 | -$304 | |
| Treasury stock, 18,900 and 32,400 shares at cost, as of January 31, 2026 and 2025,respectively | -$86.9K | -$148.5K | |
| Accumulated deficit | -$46.7M | -$38.5M | |
| Total Stockholders Equity | $6.7M | $6.4M | $6.4M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $7.5M | $7.5M | |
| Preferred stock par value (in Dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in Shares) | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued (in Shares) | 3.0M shares | 0 shares | |
| Preferred stock, shares outstanding (in Shares) | 3.0M shares | 0 shares | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 291.7M shares | 291.7M shares | |
| Common stock, shares issued (in Shares) | 12.2M shares | 11.1M shares | |
| Common stock, shares outstanding (in Shares) | 12.2M shares | 11.1M shares | |
| Treasury stock, shares (in Shares) | 18.9K shares | 32.4K 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 as filed: the last 2 fiscal years, latest first.3
| Period ending | 2026-01-31 | 2025-01-31 |
|---|---|---|
| Net loss | -$8.2M | -$10.5M |
| Depreciation and amortization | $193.8K | $285.1K |
| Operating lease expense | $36.0K | $31.4K |
| Loss on extinguishment of debt | $368.0K | |
| Goodwill and intangible impairment | $3.6M | |
| Stock-based compensation-shares issued for services | $104.4K | $133.3K |
| Stock-based compensation-options and warrants | $2.6M | $1.4M |
| Accounts receivable | -$44.6K | $74.8K |
| Prepaid expenses | $19.2K | $15.0K |
| Inventories | $94.1K | -$43.4K |
| Deferred revenue | -$35.6K | -$1.6K |
| Operating lease liability | -$27.2K | -$34.3K |
| Accounts payable and accrued expenses | $120.9K | $23.6K |
| Net Cash Used In Operating Activities | -$5.1M | -$4.6M |
| Purchase of equipment | -$5.3K | -$92.0K |
| Net Cash Used in Investing Activities | -$5.3K | -$92.0K |
| Proceeds from note payable-related party | $300.0K | |
| Proceeds from the exercise of employee stock options | $119.2K | |
| Proceeds from sale of common stock and exercise of warrants | $5.3M | $8.4M |
| Purchase of treasury stock | -$148.5K | |
| Payment on note payable | -$21.6K | -$20.7K |
| Net Cash Provided by Financing Activities | $5.4M | $8.5M |
| Net change in cash | $263.1K | $3.8M |
| Interest | $1.2K | $5.6K |
| Cashless conversion of warrants | $82 | $60 |
| Measurement of operating lease right-of-use assets and liabilities | $108.0K | |
| Debt settlement issued by the issuance of common stock and warrants | $673.0K | |
| Preferred Shares issued as Common stock dividend | $21.8M | |
| Options exercised in exchange for debt | $317.1K |
No quarter-by-quarter statement was filed.
Corporate structure
NutriBand Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of NutriBand Inc.
- Gareth Sheridan Filed SCHEDULE 13D/A on NutriBand Inc., latest Sep 15, 2026 (3 filings since Feb 12, 2024)
- Serguei Melnik Filed SCHEDULE 13D on NutriBand Inc., latest Mar 13, 2025 (2 filings since Feb 13, 2024)
- -. Jetservices Lda T.i.i. Filed SC 13D/A on NutriBand Inc., latest Sep 19, 2024 (2 filings since Jan 23, 2024)
- NutriBand Inc. Oviedo, Florida, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What NutriBand 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 |
|---|---|---|---|
| Property and equipment, before depreciation | $1.6M3 Jan 31, 2026 | $1.5M3 Jan 31, 2025 | +0.3% |
| Accumulated depreciation | $986.7K3 Jan 31, 2026 | $853.6K3 Jan 31, 2025 | +15.6% |
| Property and equipment, net | $567.3K3 Jan 31, 2026 | $695.1K3 Jan 31, 2025 | −18.4% |
| Operating-lease assets (leased space) | $72.0K3 Jan 31, 2026 | $31.4K11 Jan 31, 2024 | +129.5% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $1.7M3 Jan 31, 2026 | $1.7M3 Jan 31, 2025 | 0% |
| Intangible assets, net (excluding goodwill) | $261.1K11 Jan 31, 2025 | $667.3K11 Jan 31, 2024 | −60.9% |
| Finite-lived intangibles, gross | $838.5K3 Jan 31, 2026 | $838.5K3 Jan 31, 2025 | 0% |
| Accumulated amortization | $638.0K3 Jan 31, 2026 | $577.4K3 Jan 31, 2025 | +10.5% |
| Finite-lived intangibles, net | $200.4K3 Jan 31, 2026 | $261.1K3 Jan 31, 2025 | −23.2% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $118.0K3 Jan 31, 2026 | $212.0K3 Jan 31, 2025 | −44.4% |
| Raw materials | $88.8K3 Jan 31, 2026 | $149.2K3 Jan 31, 2025 | −40.5% |
| Work in process | $26.4K3 Jan 31, 2026 | $46.3K3 Jan 31, 2025 | −43.0% |
| Finished goods | $2.8K3 Jan 31, 2026 | $16.6K3 Jan 31, 2025 | −83.1% |
Properties, in its own words
Property
We do not own any real property. We lease under a one year lease an office for $ 2,500 per month at 121 South Orange Street, Orlando, Florida. With the office lease, we have access to boardrooms, kitchen facilities and administrative support services. We lease manufacturing space in Cherryville, North Carolina, for $3,000 per month under a three-year extension lease entered into on February 1, 2025.
Item 2 of the 10-K filed Apr 29, 2026.5
Leadership
Who has led NutriBand Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerGareth Sheridan May 22, 2017 to now16
- ChairSerguei Melnik Feb 10, 2022 to Mar 8, 202317
- ChairVitalie Botgros May 22, 2017 to May 22, 201718
- PresidentSerguei Melnik Feb 10, 2022 to now17
- Chief financial officerGerald Goodman Mar 25, 2024 to now19
- Chief financial officerSerguei Melnik May 22, 2017 to Jun 3, 201920
Board members and other officers (3)
- Board memberMichael Davidov Jan 7, 2019 to Jan 7, 201921
- Board memberGareth Sheridan May 22, 2017 to now16
- Board memberSerguei Melnik May 22, 2017 to now20
Timeline
- Sep 23, 20268-K Regulation FD disclosure22
- Jun 22, 20268-K Entered a material agreement23
- Apr 7, 20268-K Regulation FD disclosure24
- Feb 13, 20268-K Regulation FD disclosure25
- Feb 3, 20268-K Shareholder vote26
- Dec 30, 20258-K Regulation FD disclosure27
- Oct 28, 20258-K Regulation FD disclosure28
- Sep 3, 20258-K Regulation FD disclosure29
- Aug 7, 20258-K Unregistered sale of shares; Bylaws or fiscal year changed30
- Jul 16, 20258-K Bylaws or fiscal year changed31
- Apr 9, 20258-K Regulation FD disclosure32
- Feb 13, 20258-K Regulation FD disclosure33
- May 22, 2017New chief executive Gareth Sheridan becomes CEO16
Calendar
Coming up
- Dec 9, 2026Reports results for the quarter ending Oct/202634
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
144 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 45 major events, 19 insider forms, 7 large holders, 51 other. The latest 20:
- Sep 30, 202625-NSE EDGAR
- Sep 23, 20268-K CURRENT REPORT EDGAR
- Sep 15, 2026SCHEDULE 13D/A EDGAR
- Sep 4, 202610-Q QUARTERLY REPORT EDGAR
- Jun 22, 20268-K CURRENT REPORT EDGAR
- Jun 11, 202610-Q QUARTERLY REPORT EDGAR
- May 18, 202610-K/A AMENDMENT NO. 1 TO FORM 10-K EDGAR
- Apr 29, 202610-K ANNUAL REPORT EDGAR
- Apr 7, 20268-K CURRENT REPORT EDGAR
- Feb 13, 20268-K CURRENT REPORT EDGAR
- Feb 13, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
- Feb 3, 20268-K CURRENT REPORT EDGAR
- Dec 30, 20258-K CURRENT REPORT EDGAR
- Dec 19, 2025DEF 14A PROXY STATEMENT EDGAR
- Dec 11, 202510-Q QUARTERLY REPORT EDGAR
- Nov 25, 20255 EDGAR
- Oct 28, 20258-K CURRENT REPORT EDGAR
- Oct 21, 20255 EDGAR
- Oct 20, 2025424B3 PROSPECTUS SUPPLEMENT EDGAR
- Sep 9, 202510-Q QUARTERLY REPORT EDGAR
The 144 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.
Insider trades
3 open-market trades by officers, directors and large owners since October 2021: 3 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Feb 24, 2022 | MELNIK SERGUEIPresident and Secretary | Buy | 500 | $4.03 | $2.0K | Form 4 |
| Feb 24, 2022 | MELNIK SERGUEIPresident and Secretary | Buy | 500 | $4.03 | $2.0K | Form 4 |
| Feb 24, 2022 | MELNIK SERGUEIPresident and Secretary | Buy | 5,000 | $4.03 | $20.1K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Gareth SheridanSCHEDULE 13D/A, 3 filings Feb 12, 2024 to Sep 15, 202635
- Serguei MelnikSCHEDULE 13D, 2 filings Feb 13, 2024 to Mar 13, 202536
- -. Jetservices Lda T.i.i.SC 13D/A, 2 filings Jan 23, 2024 to Sep 19, 202437
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Gareth Sheridan, | 35 | $150.0K | $358.4K38 |
| 2025 | Serguei Melnik | 52 | $150.0K | $358.4K38 |
| 2025 | Alan Smith | $154.0K | $301.0K38 | |
| 2025 | Gerald Goodman | 77 | $110.0K | $262.6K38 |
| 2024 | CEO | $150.0K | $285.1K38 | |
| 2024 | President | $150.0K | $257.1K38 | |
| 2024 | Chief Operating Officer | $154.0K | $201.7K38 | |
| 2024 | Chief Financial Officer | $110.0K | $192.9K38 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Vanguard Capital Management LLC | 174,927 | $558.0K | 0.0% | No change |
| Geode Capital Management, LLC | 62,494 | $199.4K | 0.0% | −7,559 |
| Vanguard Fiduciary Trust Co | 25,111 | $80.1K | 0.0% | No change |
| State Street Corp | 24,966 | $79.6K | 0.0% | No change |
| Citadel Advisors LLC | 18,996 | $60.6K | 0.0% | New |
| Northern Trust Corp | 11,570 | $36.9K | 0.0% | −2,375 |
| Haven Private, LLC | 11,366 | $36.3K | 0.0% | No change |
| BlackRock, Inc. | 10,662 | $34.0K | 0.0% | +1,121 |
| Osaic Holdings, Inc. | 3,684 | $11.8K | 0.0% | −1,167 |
| Vanguard Global Advisers, LLC | 2,700 | $8.6K | 0.0% | No change |
| Wells Fargo & Company/mn | 2,600 | $8.3K | 0.0% | No change |
| Tower Research Capital LLC (TRC) | 2,107 | $6.7K | 0.0% | +1,077 |
| UBS Group AG | 672 | $2.1K | 0.0% | −31,992 |
| Jones Financial Companies Lllp | 466 | $1.4K | 0.0% | No change |
| Barclays PLC | 19 | $61 | 0.0% | New |
| Harbour Investments, Inc. | 3 | $10 | 0.0% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How NutriBand Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNutriBand Inc.1
- CIK0001676047
- Employer ID (EIN)81-11181765
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company5
- Incorporated inNevada5
- Fiscal year endsJanuary 311
- Industry code (SIC)3842 Orthopedic, Prosthetic & Surgical Appliances & Supplies1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address121 S. Orange Ave., Suite 1500, Orlando, FL 328011
- Phone407 377-66951
- Shares outstanding12,155,683 as of Sep 4, 202614
- Public float$35.1M as of Jul 31, 20255
- AuditorSadler, Gibb & Associates, LLC, Draper, UT PCAOB ID 3627; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceJun 2, 20161
- Filings261 in all: 8-K (74), 10-Q (31), S-1/A (14), 5 (13), 4 (11), 424B3 (11), 10-K (10), CORRESP (10)1
All 41 form types
POS AM (8), UPLOAD (7), 8-K/A (6), DEF 14A (6), EFFECT (6), 10-12G/A (4), 424B4 (4), NT 10-Q (4), S-1 (4), D (3), DRS/A (3), RW (3), 10-K/A (2), 4/A (2), 5/A (2), DEF 14C (2), DRS (2), NT 10-K (2), SC 13G (2), SCHEDULE 13D (2), 10-12G (1), 25-NSE (1), 3 (1), 8-A12B (1), CERT (1), DEL AM (1), FWP (1), PRE 14A (1), S-8 (1), S-8 POS (1), SC 13D (1), SC 13D/A (1), SCHEDULE 13D/A (1)
- Latest filingsAnnual report (10-K) Apr 29, 2026
Quarterly report (10-Q) Sep 4, 2026
Proxy statement (DEF 14A) Dec 19, 2025
Latest 8-K (8-K) Sep 23, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock | NTRB | Nasdaq |
| Warrants | NTRBW | Nasdaq |
From the cover page of the 10-K filed Apr 29, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks NutriBand Inc. names in Item 1A of its 10-K filed Apr 29, 2026: 22 risks under these headings, as written.5
- Risks Concerning our Business
- Before we can market in the United States any product which is classified by the FDA as a drug, we must obtain FDA marketing approval.
- Risk of increased tariffs on foreign goods.
- Our ability to finance our operations and generate revenues depends on the clinical and commercial success of our abuse deterrent fentanyl transdermal system and our other related product candidates, and failure to achieve such success will negatively impact our business.
- If we or any third-party manufacturer fails to comply with FDA current good manufacturing practices, we may not be able to sell our products until and unless the manufacturer becomes compliant.
- If the FDA implements Risk Evaluation and Mitigation Strategies policies for any of our proposed products, we will need to comply with such policies before we can obtain FDA approval or the product.
- We must continually monitor the safety of our products once approved and marketed for potential adverse events which could jeopardize our ability to continue marketing the products.
- If we obtain FDA approval to market our products, we expect to spend considerable time and money complying with federal and state laws and regulations governing their sale, and, if we are unable to fully comply with such laws and regulations, we could face substantial penalties.
- Before we can market our products outside of the United States, we will need to obtain regulatory approval in each country in which we propose to sell our products.
- If we do not have sufficient product liability insurance, we may be subject to claims that are in excess of our net worth.
- Because some of the patches we are developing, such as our abuse deterrent fentanyl patch, have potential severe side effects, we may face liability in the event patients suffer serious, possibly life-threatening, side effects from our products.
- The drug delivery industry is subject to rapid technological change, and our failure to keep up with technological developments may impair our ability to market our products.
The other 11 risks
- If we obtain FDA approval, we may face significant competition from better known and better capitalized companies.
- Healthcare reforms by governmental authorities, court decisions affecting health care policies and related reductions in pharmaceutical pricing, reimbursement and coverage by third-party payors may adversely affect our business.
- It is difficult and costly to protect our proprietary rights, and we may not be able to ensure their protection.
- We are dependent upon our chief executive officer, our president and our chief operating officer.
- If we are unable to attract, train and retain technical and financial personnel, our business may be materially and adversely affected.
- Risks Concerning our Securities
- Our lack of internal controls over financial reporting may affect the market for and price of our common stock.
- Stockholders may experience significant dilution as a result of future equity offerings and other issuances of our common stock or other securities.
- Our failure to meet the continued listing requirements of Nasdaq could result in a de-listing of our common stock.
- We and our senior executive officers settled an SEC investigation, which may affect the market for and the market price of our common stock and our ability to list on a stock exchange.
- Because of our executive officers’ stock ownership and stock ownership of certain other stockholders that have invested in the company, these stockholders have the power to elect all directors and to approve any action requiring stockholder approval.
- Raising funds by issuing equity or convertible debt securities could dilute the net tangible book value of the common stock and impose restrictions on our working capital.
Legal proceedings
The Company is currently a defendant in a lawsuit initiated by Joseph Gunnar, LLC (“Gunnar”) and Lucosky Brookman LLP (“LB”) in the Supreme Court of the State of New York, New York County, under Index No.654633/2023. The lawsuit alleges multiple allegations such as breach of contract, fraudulent activities, and tortious interference and seeks damages following the Company’s termination of an engagement letter for assistance with a public stock offering. Gunnar is seeking over $500,000 in damages plus punitive damages, while LB is demanding reimbursement of legal fees.
In response, the Company denies all allegations, alleging that the engagement letter was unenforceable, and its termination was legally justified. The Company has also initiated counterclaims against Joseph Gunnar & Co., accusing them of intentional interference and breach of fiduciary duty, and is seeking $1,000,000 for each claim along with a declaratory judgment affirming the legality and justification of the termination. The plaintiffs have denied these counterclaims.
Currently, there are no pending hearings or motions, and the case is in the discovery stage. In early 2024, the plaintiffs proposed a settlement offer of $100,000. The Company has not responded to that settlement offer.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARNutriBand Inc. filings on SEC EDGAR
- 2
- 3SEC EDGARNutriBand Inc. 10-K for fiscal 2026
- 4SEC EDGARNutriBand Inc. filings on SEC EDGAR
- 5
- 6SEC EDGARNutriBand Inc. 10-K for fiscal 2019
- 7SEC EDGARNutriBand Inc. 10-K for fiscal 2020
- 8SEC EDGARNutriBand Inc. 10-K for fiscal 2021
- 9SEC EDGARNutriBand Inc. 10-K for fiscal 2022
- 10SEC EDGARNutriBand Inc. 10-K for fiscal 2023
- 11SEC EDGARNutriBand Inc. 10-K for fiscal 2024
- 12SEC EDGARNutriBand Inc. 10-K for fiscal 2020
- 13SEC EDGARNutriBand Inc. 10-Q for fiscal 2026
- 14SEC EDGARNutriBand Inc. 10-Q for fiscal 2026
- 15SEC EDGARNutriBand Inc. 10-K for fiscal 2019
- 16
- 17SEC EDGARSerguei Melnik, Chair
- 18SEC EDGARVitalie Botgros, Chair
- 19
- 20
- 21SEC EDGARMichael Davidov, Board member
- 22SEC EDGARRegulation FD disclosure
- 23SEC EDGAREntered a material agreement
- 24SEC EDGARRegulation FD disclosure
- 25SEC EDGARRegulation FD disclosure
- 26SEC EDGARShareholder vote
- 27SEC EDGARRegulation FD disclosure
- 28SEC EDGARRegulation FD disclosure
- 29SEC EDGARRegulation FD disclosure
- 30
- 31SEC EDGARBylaws or fiscal year changed
- 32SEC EDGARRegulation FD disclosure
- 33SEC EDGARRegulation FD disclosure
- 34NasdaqNasdaq calendar
- 35
- 36
- 37
- 38