AIBOTICS, INC.
For the period ended Jun 30, 2026. Filed Aug 19, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 19, 2026
AIBTStored price and day change unavailable
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-06-09.
0001096906-26-000922
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-19.
0001096906-26-001264
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe 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 39 previous paragraphs and 52 current paragraphs.
28 unchanged; 8 reworded; 14 added; 3 removed; 0 previous and 2 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 (14)
Current report
Operating expenses for the three months ended June 30, 2026 and 2025 consisted solely of general and administrative expenses. For the three months ended June 30, 2026, general and administrative expenses primarily included amortization expenses of approximately $166,210, board compensation of $48,750, software and web development fees of approximately $56,950, and legal and professional services of approximately $51,861.
Current report
For the three months ended June 30, 2026, general and administrative expenses increased by $53,084, or 14.7%, compared to the same period in 2025, increasing from $360,579 to $413,663. The increase was primarily attributable to software development expenses of $56,535, an increase in legal fees of $14,826, increase of board compensation of $8,750, and an increase in marketing of $4,687, partially offset by a decrease in consulting fees of $30,998.
Current report
Other expense for the three months ended June 30, 2026, decreased by $1,765, or 1.4%, compared to the same period in 2025, decreasing from $125,570 to $123,305. The decrease was primarily driven by lower interest expense resulting from the conversion of outstanding debt during 2026, partially offset by higher losses on extinguishment of liabilities recognized in connection with the conversion of debt principal and other payable balances during 2026.
Current report
Six months Ended June 30, 2026 as Compared to the Six months Ended June 30, 2025
Current report
Sales and Cost of Sales
Current report
Operating Expenses
Current report
Operating expenses for the six months ended June 30, 2026 and 2025 consisted solely of general and administrative expenses. For the six months ended June 30, 2026, general and administrative expenses primarily included amortization expenses of approximately $330,593, board compensation of $88,750, consulting fees of approximately $166,666, software development expense of approximately $56,950 and legal and professional services of approximately $88,750.
Current report
For the six months ended June 30, 2026, general and administrative expenses decreased by $119,010, or 13.3%, compared to the same period in 2025, decreasing from $892,226 to $773,126. The decrease was primarily attributable to a decrease in consulting fees of $37,644, and decrease in product development expenses of $156,372, partially offset by an increase of software development fees of $56,535.
Current report
Other Expense
Current report
Other expense for the six months ended June 30, 2026 and 2025 was composed of interest expense and loss on extinguishment of liabilities.
Current report
Other expense for the six months ended June 30, 2026 decreased by $5,556 or 3.0%, compared to the same period in 2025, decreasing from $187,503 to $181,947. The decrease was primarily attributable to lower interest expense resulting from conversions of outstanding debt balances during 2026 partially offset by higher losses on extinguishment of liabilities recognized in connection with the conversion of debt principal and other payable balances during the period.
Current report
Net Loss
Current report
For the six months ended June 30, 2026 and 2025 we had a net loss of $955,073 and $1,077,546, respectively.
Current report
Operating activities used net cash of $83,280 for the six months ended June 30, 2026, as compared to using net cash of $192,918 for the six months ended June 30, 2025. For the six months ended June 30, 2026, cash used in operating activities was primarily driven by our net loss of $955,073; offset primarily by non-cash additions of amortization expense of $330,593, amortization of debt discount of
Removed paragraphs (3)
Previous report
Operating expenses for the three months ended March 31, 2026 and 2025, consisted solely of general and administrative expenses. General and administrative expenses consisted primarily of consulting fees, stock-based compensation, board compensation, and legal and professional services. For the three months ended March 31, 2026 compared to the three months ended March 31, 2025 our general and administrative expense decreased by $172,184, or 32%, from $531,647 to $359,463. The decrease in general and administrative expenses was primarily the result of decreased legal & professional services of $15,138, a decrease in product development expense of $156,372, a decrease in consulting fees of $6,646, a decrease in other business expenses of $4,603, offset by an increase in other general and administrative expenses of $10,575.
Previous report
For the three months ended March 31, 2026 compared to the three months ended March 31, 2025 our interest expense decreased by $3,291, or 5%, from $61,933 to $58,642. The decrease was primarily the result in differences in the convertible notes payable we had outstanding during the three months ended March 31, 2026 compared to the three months ended March 31, 2025.
Previous report
Our monthly operating costs averaged approximately $12,000 per month for the three months ended March 31, 2026, excluding capital expenditures. We did not have capital expenditures during the three months ended March 31, 2026. We plan to fund our operations with our cash on hand and additional financing.
Reworded paragraphs (8)
Previous wording
Other expense for the three months ended March 31, 2026 and 2025 was composed of interest expense.
Current wording
Other expense for the three months ended June 30, 2026 and 2025 was composed of interest expense and loss on extinguishment of liabilities.
Previous wording
For the three months ended March 31, 2026 and 2025 we had a net loss of $418,105 and $591,397, respectively.
Current wording
For the three months ended June 30, 2026 and 2025 we had a net loss of $536,968 and $486,149, respectively.
Previous wording
We did not have revenue and cost of revenue from operations for the three months ended March 31, 2026, as compared to $2,183 in revenue and cost of revenue from operations for the three months ended March 31, 2025.
Current wording
For the six months ended June 30, 2026, we had revenue and cost of revenue from operations of $0, as compared to $2,183 in revenue and $0 in cost of revenue from operations for the six months ended June 30, 2025.
Previous wording
Liquidity is the ability of an enterprise to generate adequate amounts of cash to meet its needs for cash requirements. As of March 31, 2026, we had $288,858 in cash and cash equivalents compared to $255,940 at December 31, 2025, an increase of $32,918 resulting primarily from financing activities offset by cash used in our operations. As of March 31, 2026, we had undiscounted obligations in the amount of approximately $1.3 million relating to the payment of indebtedness due within one year.
Current wording
Liquidity is the ability of an enterprise to generate adequate amounts of cash to meet its needs for cash requirements. As of June 30, 2026, we had $233,427 in cash and cash equivalents compared to $255,940 at December 31, 2025, a decrease of $22,513 resulting primarily from cash used in our operations. As of June 30, 2026, we had undiscounted obligations in the amount of approximately $1.1 million relating to the payment of indebtedness due within one year.
Previous wording
As of March 31, 2026, we had a working capital deficiency of $4,720,284 down from a working capital deficiency of $4,564,798 as of December 31, 2025. At March 31, 2026 our current assets were $331,050 and consisted almost entirely of cash. At March 31, 2026 our current liabilities were $5,051,334 and consisted predominantly of related party accrued expenses, convertible notes payable, and shares to be issued. We had an accumulated deficit of $13,443,112 as of March 31, 2026, an increase from an accumulated deficit of $13,025,007 as of December 31, 2025.
Current wording
As of June 30, 2026, we had a working capital deficiency of $4,875,875 up from a working capital deficiency of $4,564,798 as of December 31, 2025. At June 30, 2026 our current assets were $275,619 and consisted primarily of cash. At June 30, 2026 our current liabilities were $5,151,494 and consisted predominantly of accounts payable and accrued expenses, related party accrued expenses, convertible notes payable, and shares to be issued. We had an accumulated deficit of $13,980,080 as of June 30, 2026, an increase from an accumulated deficit of $13,025,007 as of December 31, 2025. We plan to fund our operations with our cash on hand and additional financing.
Previous wording
Operating activities used net cash of $36,258 for the three months ended March 31, 2026, as compared to using net cash of $28,360 for the three months ended March 31, 2025. For the three months ended March 31, 2026, cash used in operating activities was primarily driven by our net loss of $418,105; offset primarily by amortization expense, the increase in related party accrued expenses, the increase in accrued interest, and the increase in accounts payable and accrued expenses. For the three months ended March 31, 2025, cash used in operating activities was primarily driven by our net loss of $591,397; offset primarily by amortization expense, the increase in accounts payable and accrued expenses and the increase in related party accrued expenses.
Current wording
$11,027, loss on extinguishment of liabilities of $76,388, and issuance of common stock for services of $50,000 and changes in operating assets and liabilities including the increase in accounts payable and accrued expenses of $214,802, the increase in related party accrued expenses of $144,000, the increase in accrued interest $73,008, the decrease in prepaid expenses of $12,500, partially offset by the increase in inventory of $40,525. For the six months ended June 30, 2025, cash used in operating activities was primarily driven by our net loss of $1,077,546; offset primarily by non-cash adjustments for amortization expense of approximately $328,000 and the gain recognized on common stock issued to settle liability of approximately $55,000, and changes in operating assets and liabilities including the increase in related party accrued expenses of approximately $94,000, the increase in accrued interest of approximately $60,038, and the increase in accounts payable and accrued expenses of approximately $344,739.
Previous wording
Investing activities used net cash of $0 for the three months ended March 31, 2026, and 2025. Financing activities produced cash flows of $69,176 and $0 for the three months ended March 31, 2026, and 2025, respectively. For the three months ended March 31, 2026 financing activities were composed primarily of proceeds from convertible notes payable of $98,000 offset by $28,824 of the repayment of convertible notes payable. There were no financing cash flows during the three months ended March 31, 2025.
Current wording
Financing activities produced cash flows of $60,767 and $250,000 for the six months ended June 30, 2026, and 2025, respectively. For the six months ended June 30, 2026, financing activities were composed primarily of proceeds from convertible notes payable of $98,000 offset by $37,233 of the repayment of convertible notes payable. For the six months ended June 30, 2025, financing activities were composed primarily of proceeds from convertible notes payable of $250,000.
Previous wording
For the three months ended March 31, 2026, the Company incurred a net loss of $418,105, had negative cash flows from operations of $36,258 and may incur additional future losses. At March 31, 2026, the Company had total current assets of $331,050 and total current liabilities of $5,051,334, resulting in a working capital deficit of $4,720,284. 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 wording
For the six months ended June 30, 2026, the Company incurred a net loss of $955,073, had negative cash flows from operations of $83,280 and may incur additional future losses. At June 30, 2026, the Company had total current assets of $275,619 and total current liabilities of $5,151,494, resulting in a working capital deficit of $4,875,875. 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.
Rearranged current paragraphs (2)
Current report — wording carried from elsewhere
We did not have any revenue or cost of revenue from operations for the three months ended June 30, 2026 and 2025.
Current report — wording carried from elsewhere
Investing activities used net cash of $0 for the six months ended June 30, 2026, and 2025.