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Neuraxis, INC

For the period ended Mar 31, 2026. Filed May 12, 2026.

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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.

Mar 31, 2026 · Filed May 12, 2026

NRXS$6.24+2.1%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period endedMarch 31,2026

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 number001-41775

NEURAXIS, INC.

(Exact name of registrant as specified in its charter)

Delaware45-5079684
(State or other jurisdiction of incorporation or organization)(I. R. S. Employer Identification No.)
11611 N. Meridian Street, Suite 330 Carmel, IN46032
(Address of principal executive offices)(Zip Code)

(812) 689-0791

(Registrant’s telephone number, including area code)

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

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common StockNRXSNYSE American LLC

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), and (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 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, 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.

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 to Section 7(a)(2)(B) of the Securities Act.☒

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

The number of shares of the registrant’s common stock outstanding as of May 8, 2026 was 12,384,405 shares.

TABLE OF CONTENTS

PART I3
ITEM 1:FINANCIAL STATEMENTS3
Condensed Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 20253
Condensed Statements of Operations for the Three Months Ended March 31, 2026 and 2025 (Unaudited)4
Condensed Statements of Stockholders’ Equity for the Three Months Ended March 31, 2026 and 2025 (Unaudited)5
Condensed Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025 (Unaudited)6
Notes to Condensed Financial Statements (Unaudited)7
ITEM 2:MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION23
ITEM 3:QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK26
ITEM 4:CONTROLS AND PROCEDURES27
PART II28
ITEM 1:LEGAL PROCEEDINGS28
ITEM 1A:RISK FACTORS29
ITEM 2:UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS29
ITEM 3:DEFAULTS UPON SENIOR SECURITIES29
ITEM 4:MINE SAFETY DISCLOSURES29
ITEM 5:OTHER INFORMATION29
ITEM 6:EXHIBITS29
SIGNATURES30
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.