GAXOS.AI INC.
For the period ended Mar 31, 2026. Filed May 14, 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.
Mar 31, 2026 · Filed May 14, 2026
GXAI$0.39+7.7%Stored close · as of Nov 6, 2026
Contents
Consolidated Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 2025
CONSOLIDATED BALANCE SHEETS
| March 31, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| (Unaudited) | ||
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash | $1,513,550 | $840,799 |
| Short-term investments, at fair value | 10,195,791 | 11,345,187 |
| Investment in equity securities, at fair value | 106,000 | 180,000 |
| Accounts receivable | 80,498 | 76,247 |
| Prepaid expenses and other current assets | 261,051 | 157,586 |
| Total Current Assets | 12,156,890 | 12,599,819 |
| LONG-TERM ASSETS: | ||
| Property and equipment, net | 90,386 | 103,393 |
| Intangible assets, net | 673,433 | 718,333 |
| Investment in cost method investee | 2,900,000 | - |
| Total Long-Term Assets | 3,663,819 | 821,726 |
| TOTAL ASSETS | $15,820,709 | $13,421,545 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $228,043 | $270,105 |
| Accrued expenses | 98,958 | 280,430 |
| Deferred revenue | 242,307 | 130,054 |
| Total Current Liabilities | 569,308 | 680,589 |
| Total Liabilities | 569,308 | 680,589 |
| Commitments and Contingencies (See Note 7) | ||
| STOCKHOLDERS’ EQUITY: | ||
| Preferred stock; par value $0.0001; 5,000,000 shares authorized; No shares issued and outstanding on March 31, 2026 and December 31, 2025 | - | - |
| Common stock; par value $0.0001: 50,000,000 shares authorized; 10,219,934 and 7,123,453 shares issued and outstanding on March 31, 2026 and December 31, 2025, respectively | 1,022 | 712 |
| Additional paid-in capital | 31,170,787 | 25,801,322 |
| Accumulated other comprehensive income | (358,108) | 26,976 |
| Accumulated deficit | (14,872,829) | (12,700,304) |
| Total Gaxos.AI Stockholders’ Equity | 15,940,872 | 13,128,706 |
| Noncontrolling interest | (689,471) | (387,750) |
| Total Stockholders’ Equity | 15,251,401 | 12,740,956 |
| Total Liabilities and Stockholders’ Equity | $15,820,709 | $13,421,545 |
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
| For the Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2026 | 2025 | |
| REVENUES | $1,809,367 | $23,732 |
| OPERATING EXPENSES: | ||
| Research and development | 446,422 | 220,989 |
| Selling, general and administrative | 3,910,067 | 1,194,438 |
| Total Operating Expenses | 4,356,489 | 1,415,427 |
| LOSS FROM OPERATIONS | (2,547,122) | (1,391,695) |
| OTHER INCOME (LOSS): | ||
| Interest income | 158,110 | 148,188 |
| Unrealized loss on short-term investments | (21,945) | - |
| Unrealized loss on equity securities | (74,000) | - |
| Realized gain on short-term investments | 10,711 | 11,445 |
| Total other income, net | 72,876 | 159,633 |
| NET LOSS | (2,474,246) | (1,232,062) |
| Net loss of subsidiary attributable to noncontrolling interest | 301,721 | 40,262 |
| NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS | $(2,172,525) | $(1,191,800) |
| COMPREHENSIVE LOSS: | ||
| Net loss | $(2,474,246) | $(1,232,062) |
| Other comprehensive income: | ||
| Unrealized loss on short-term debt investments | (385,084) | (69,040) |
| Comprehensive loss | $(2,859,330) | $(1,301,102) |
| NET LOSS PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS: | ||
| Basic and diluted | $(0.25) | $(0.17) |
| WEIGHTED AVERAGE COMMON SHARE OUTSTANDING: | ||
| Basic and diluted | 8,649,012 | 7,001,231 |
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025
| Additional · Accumulated Other · Total | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Preferred Stock · Common Stock · Paid-in · Comprehensive · Accumulated · Noncontrolling · Stockholders’ | ||||||||||
| # of Shares · Amount · # of Shares · Amount · Capital · Income (Loss) · Deficit · Interest · Equity | ||||||||||
| Balance, December 31, 2025 | - | $ | - | 7,123,453 | $712 | $25,801,322 | $26,976 | $(12,700,304) | $(387,750) | $12,740,956 |
| Common shares issued for cash, net | - | - | 3,096,481 | 310 | 5,315,599 | - | - | - | 5,315,909 | |
| Accretion of stock option expense | - | - | - | - | 53,866 | - | - | - | 53,866 | |
| Accumulated other comprehensive loss - short-term investments | - | - | - | - | - | (385,084) | - | - | (385,084) | |
| Net loss | - | - | - | - | - | - | (2,172,525) | (301,721) | (2,474,246) | |
| Balance, March 31, 2026 | - | $ | - | 10,219,934 | $1,022 | $31,170,787 | $(358,108) | $(14,872,829) | $(689,471) | $15,251,401 |
| Additional · Accumulated Other · Total | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Preferred Stock · Common Stock · Paid-in · Comprehensive · Accumulated · Noncontrolling · Stockholders’ | ||||||||||
| # of Shares · Amount · # of Shares · Amount · Capital · Income (Loss) · Deficit · Interest · Equity | ||||||||||
| Balance, December 31, 2024 | - | - | 6,923,453 | 692 | 25,416,451 | 11,693 | (8,799,721) | (6,086) | 16,623,029 | |
| Common shares issued for intangible asset | - | - | 200,000 | 20 | 247,980 | - | - | - | 248,000 | |
| Accretion of stock option expense | - | - | - | - | 32,880 | - | - | - | 32,880 | |
| Accumulated other comprehensive loss - short-term investments | - | - | - | - | - | (69,040) | - | - | (69,040) | |
| Net loss | - | - | - | - | - | - | (1,191,800) | (40,262) | (1,232,062) | |
| Balance, March 31, 2025 | - | $ | - | 7,123,453 | $712 | $25,697,311 | $(57,347) | $(9,991,521) | $(46,348) | $15,602,807 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.