APPLIED ENERGETICS, INC.
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
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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.
Sep 30, 2025 · Filed Nov 12, 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 September 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)
| Delaware | 77-0262908 |
|---|---|
| (State or Other Jurisdiction of Incorporation or Organization) | (IRS Employer Identification Number) |
| 9070 S. Rita Road, Suite 1500 Tucson, Arizona | 85747 |
| (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: None.
Securities registered pursuant to Section 12(g)of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |
|---|---|---|
| Common Stock, par value $0.001 per share | AERG | OTCQB |
As of November 11, 2025, there were 223,447,852 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 | 1 | |
| ITEM 1. | Condensed Consolidated Unaudited Financial Statements | 1 |
|---|---|---|
| Condensed Consolidated Balance Sheets as of September 30, 2025 (Unaudited) and December 31, 2024 | 1 | |
| Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2025 and 2024 (Unaudited) | 2 | |
| Condensed Consolidated Statements of Stockholders’ Equity(Deficit) for the nine months ended September 30, 2025 and 2024 (Unaudited) | 3 | |
| Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 and 2024 (Unaudited) | 4 | |
| Notes to Condensed Consolidated Unaudited Financial Statements | 5 | |
| ITEM 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 19 |
| ITEM 3. | Quantitative and Qualitative Disclosures About Market Risk | 28 |
| ITEM 4. | Controls and Procedures | 28 |
| PART II. OTHER INFORMATION | 29 | |
| ITEM 1. | Legal Proceedings | 29 |
| ITEM 1A. | Risk Factors (Not applicable.) | 29 |
| ITEM 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 29 |
| ITEM 3. | Defaults Upon Senior Securities (Not applicable.) | 29 |
| ITEM 4. | Mine Safety Disclosures (Not applicable.) | 29 |
| ITEM 5 | Other Information | 29 |
| ITEM 6. | Exhibits | 29 |
| SIGNATURES | 30 |
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