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APPLIED ENERGETICS, INC.

For the period ended Jun 30, 2025. Filed Aug 13, 2025.

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About 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, 2025 · Filed Aug 13, 2025

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UNITED STATES

**SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended June 30,2025

OR

☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from _________ to ________

Commission File Number 001-14015

(Exact Name of Registrant as Specified in Its Charter)

Delaware77-0262908
(State or Other Jurisdiction of Incorporation or Organization)(IRS Employer Identification Number)
9070 S. Rita Road, Suite 1500 Tucson, Arizona85747
(Address of Principal Executive Offices)(Zip Code)

Registrant’s telephone number, including area code(520) 628-7415

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer:☐Accelerated filer:☐
Non-accelerated filer:☐Smaller reporting company:☒
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the exchange act. ☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes ☐ No☒

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered
Common Stock, par value $0.001 per shareAERGOTCQB

As of August 12, 2025, there were 219,042,971 shares of the issuer’s common stock, par value $0.001 per share, outstanding.

QUARTERLY REPORT ON FORM 10-Q

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION
ITEM 1.Condensed Consolidated Unaudited Financial Statements1
Condensed Consolidated Balance Sheets as of June 30, 2025 (Unaudited) and December 31, 20241
Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2025 and 2024 (Unaudited)2
Condensed Consolidated Statements of Stockholders’ Equity for the six months ended June 30, 2025 and 2024 (Unaudited)3
Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2025 and 2024 (Unaudited)4
Notes to Condensed Consolidated Unaudited Financial Statements5
ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations18
ITEM 3.Quantitative and Qualitative Disclosures About Market Risk26
ITEM 4.Controls and Procedures26
PART II. OTHER INFORMATION
ITEM 1.Legal Proceedings27
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.