AIBOTICS, INC.
For the period ended Dec 31, 2025. Filed Apr 15, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Apr 15, 2026
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What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-K
Period ended 2024-12-31; filed 2025-04-11.
0001096906-25-000487
Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONCurrent report: 10-K
Period ended 2025-12-31; filed 2026-04-15.
0001096906-26-000555
Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 34 previous paragraphs and 39 current paragraphs.
22 unchanged; 6 reworded; 10 added; 6 removed; 0 previous and 1 current paragraphs rearranged.
Tables are not compared: 1 previous and 1 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (10)
Current report
The Company generated revenue of $2,183 for the year ended December 31, 2025, compared to no revenue for the year ended December 31, 2024. Cost of sales was $0 for both the years ended December 31, 2025 and 2024.
Current report
Other expenses for the years ended December 31, 2025 and 2024 consisted of interest expense and loss on extinguishment of liabilities.
Current report
Interest expense increased by $13,444, or 6%, to $226,902 for the year ended December 31, 2025, compared to $213,458 for the year ended December 31, 2024. The increase was primarily due to an additional $78,418 interest expense incurred during the year, partially offset by the absence of $65,070 of non-cash interest expense recognized in the prior year.
Current report
Loss on extinguishment of liabilities was $144,176 for the year ended December 31, 2025, compared to $0 for the year ended December 31, 2024. The increase was primarily attributable to losses recognized on the conversion of liabilities during the current year, whereas no such transactions occurred in the prior year.
Current report
Liquidity refers to the Company’s ability to generate sufficient cash to meet its operating and financing obligations. As of December 31, 2025, the Company had cash and cash equivalents of $255,940, compared to $185,097 as of December 31, 2024, representing an increase of $70,843. The change in cash was primarily attributable to cash used in operating activities, partially offset by financing activities during the year. As of December 31, 2025, the Company had approximately $1.1 million of undiscounted obligations related to indebtedness due within one year. The Company expects to meet its short-term liquidity needs through a combination of existing cash on hand and potential additional financing, although there can be no assurance that such financing will be available on acceptable terms, or at all.
Current report
For the year ended December 31, 2024, cash used in operating activities was primarily driven by a net loss of $1,848,275, partially offset by non-cash charges, including amortization of debt discounts of $9,349, amortization expense of $667,883, and a loss of $79,591 recognized on the issuance of common stock to settle liabilities. Additionally, changes in working capital provided $831,917 of cash, primarily driven by increases in related party accrued expenses and accounts payable and accrued expenses.
Current report
Net cash provided by financing activities was $529,083 and $165,000 for the years ended December 31, 2025 and 2024, respectively. For the year ended December 31, 2025, financing activities consisted primarily of $300,000 in proceeds from convertible notes payable and $279,083 in proceeds from the issuance of common stock, partially offset by $50,000 in repayments of convertible notes.
Current report
Going Concern
Current report
For the year ended December 31, 2025, the Company incurred a net loss of $2,215,751, had negative cash flows from operations of $458,240 and may incur additional future losses. At December 31, 2025, the Company had total current assets of $270,107 and total current liabilities of $4,834,905, resulting in a working capital deficit of $4,564,798. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of time within one year after that date that the consolidated financial statements are issued.
Current report
The Company’s existence is dependent upon our ability to develop profitable operations. We are devoting substantially all of our efforts to developing the Company’s business and raising capital and there can be no assurance that our efforts will be successful. No assurance can be given that our actions will result in profitable operations or the resolution of its liquidity problems. The accompanying consolidated financial statements do not include any adjustments that might result should the company be unable to continue as a going concern.
Removed paragraphs (6)
Previous report
We did not have any revenue or cost of revenue from operations for the years ended December 31, 2024 and 2023.
Previous report
Other expense for the years ended December 31, 2024 and 2023 was composed of interest expense..
Previous report
For the year ended December 31, 2024 compared to the year ended December 31, 2023 our interest expense decreased $351,165, or 62%, from $564,623 to $213,458. The decrease primarily resulted from $500,000 less in debt discount amortization from the Company’s convertible notes partially offset by $232,000 of additional interest expense accrued during the third quarter of 2024 due to the default interest on the Company’s convertible note payables in default.
Previous report
Liquidity is the ability of an enterprise to generate adequate amounts of cash to meet its needs for cash requirements. As of December 31, 2024, we had $185,097 in cash and cash equivalents compared to $279,134 at December 31, 2023, a decrease of $94,037 resulting primarily from cash used in operating expenses. As of December 31, 2024, we had undiscounted obligations in the amount of approximately $1.1 million relating to the payment of indebtedness due within one year.
Previous report
Our monthly operating costs averaged approximately $22,000 per month for the year ended December 31, 2024, excluding capital expenditures. We did not have capital expenditures during the year ended December 31, 2024. However, we did acquire new intangible assets in exchange for the issuance of preferred shares. We plan to fund our operations with our cash on hand and additional financing.
Previous report
For the year ended December 31, 2023, cash used in operating activities was primarily driven by our net loss of $1,181,347; offset primarily by stock-based compensation, the amortization of debt discounts, and the increase in accounts payable and accrued expenses.
Reworded paragraphs (6)
Previous wording
Expenses from operations for the years ended December 31, 2024 and 2023, consisted solely of general and administrative expenses. General and administrative expenses consisted primarily of consulting fees, board compensation, and legal and professional services. For the year ended December 31, 2024 compared to the year ended December 31, 2023 our general and administrative expense increased by $1,018,093 or 165%, from $616,724 to $1,634,817. The increase in general and administrative expenses was the result of increased amortization expenses of $607,664, increase in board compensation of $101,250, increase in product development expense of $178,665 and increase in consulting fees of $47,000.
Current wording
Operating expenses for the years ended December 31, 2025 and 2024 consisted solely of general and administrative expenses. General and administrative expenses primarily include consulting fees, board compensation, and legal and professional services. General and administrative expenses increased by $212,039, or 13%, to $1,846,856 for the year ended December 31, 2025, compared to $1,634,817 for the year ended December 31, 2024. The increase was primarily driven by higher consulting fees of $176,324, increased legal and professional fees of $38,072, and higher advertising and marketing expenses of $52,638, partially offset by a decrease in board compensation of $90,000.
Previous wording
For the years ended December 31, 2024 and 2023 we had a net loss of $1,848,275 and $1,181,347, respectively.
Current wording
For the years ended December 31, 2025 and 2024 we had a net loss of $2,215,751 and $1,848,275, respectively.
Previous wording
As of December 31, 2024, we had a working capital deficiency of $4,666,666 down from a working capital deficiency of $3,394,768 as of December 31, 2023. At December 31, 2024 our current assets were $185,097 and consisted solely of cash. As of December 31, 2024 our current liabilities were $4,851,763 and consisted predominantly of accrued interest, convertible notes payable, and shares to be issued. We had an accumulated deficit of $10,809,256 as of December 31, 2024, an increase from an accumulated deficit of $8,960,981 as of December 31, 2023.
Current wording
As of December 31, 2025, the Company had a working capital deficiency of $4,564,798, compared to a working capital deficiency of $4,666,666 as of December 31, 2024. At December 31, 2025, current assets totaled $270,107, consisting solely of cash. Current liabilities were $44,834,905 and consisted primarily of accrued interest, convertible notes payable, and shares to be issued. The Company had an accumulated deficit of $13,025,007 as of December 31, 2025, compared to $10,809,256 as of December 31, 2024, reflecting continued operating losses and financing-related activities during the year.
Previous wording
Operating activities used net cash of $259,037 for the year ended December 31, 2024, as compared to using net cash of $106,765 for the year ended December 31, 2023. For the year ended December 31, 2024, cash used in operating activities was primarily driven by our net loss of $1,848,275; offset primarily by the amortization of debt discounts, the increase in related party accrued expenses, and the increase in accounts payable and accrued expenses.
Current wording
Net cash used in operating activities was $458,240 for the year ended December 31, 2025, compared to $259,037 for the year ended December 31, 2024. For the year ended December 31, 2025, cash used in operating activities was primarily driven by a net loss of $2,215,751, partially offset by non-cash charges, including amortization expense of $667,332, amortization of debt discounts of $16,973, and a loss of $144,176 recognized on the issuance of common stock to settle liabilities. Additionally, changes in operating assets and liabilities provided $929,030 in activity.
Previous wording
Financing activities produced cash flows of $165,000 and $0 for the year ended December 31, 2024, and 2023, respectively. We did not pay any cash for interest or for income taxes during the year ended December 31, 2024 and 2023.
Current wording
We did not pay any cash for interest or for income taxes during the year ended December 31, 2025 and 2024.
Previous wording
The depreciation of equipment and is dependent upon estimates of useful lives and residual values, both of which are determined through the exercise of judgement. The assessment of any impairment of these assets is dependent upon estimates of recoverable amounts that consider factors such as economic/market conditions and the useful lives of assets.
Current wording
The depreciation of equipment is dependent upon estimates of useful lives and residual values, both of which are determined through the exercise of judgement. The assessment of any impairment of these assets is dependent upon estimates of recoverable amounts that consider factors such as economic/market conditions and the useful lives of assets.
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
Investing activities used net cash of $0 for the year ended December 31, 2025 and 2024.