KiNRG Posts $1.1M Net Loss for Nine Months as Cash Burn Slows

KiNRG, Inc., a Nevada-based small-cap company, reported a net loss of $1.1 million for the nine months ending September 30, 2025, compared with a net loss of $1.0 million in the same period a year earlier. The company generated no revenue during the quarter. Read more earnings reports.

Operating expenses for the nine-month period totaled $788,350, down 16% from $935,575 in the prior year. All operating expenses were classified as selling, general, and administrative costs. The company reported no research and development spending.

For the three months ending September 30, 2025, the net loss narrowed to $335,425 from $368,373 in the year-ago quarter. Operating expenses for the quarter fell slightly to $332,425 from $339,424.

Cash used in operations for the nine months was $366,196, an improvement from $775,530 burned in the prior-year period. The company raised $900,000 from financing activities during the nine months, up from $500,000 a year earlier.

The balance sheet showed cash and restricted cash of $560,812 as of September 30, 2025, up sharply from $46,156 at September 30, 2024. Total assets stood at $573,829, compared with $47,659 a year earlier.

Total liabilities declined to $799,807 from $1.1 million at year-end 2024. The company's stockholders' deficit narrowed to $225,978 from $699,884 at the end of 2024. Accumulated deficit reached $27.4 million as of September 30, 2025.

Common shares outstanding increased to 55.7 million from 51.5 million at year-end 2024. The company reported a loss per share of $0.021 for the nine-month period, compared with $0.019 in the prior year.

The company remains in a negative equity position with total stockholders' deficit of $225,978 as of the quarter end. Accounts payable increased modestly to $21,563 from $18,780 at year-end 2024.