ChronoScale Holdings Corp
For the period ended Aug 31, 2026. Filed Oct 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.
Aug 31, 2026 · Filed Oct 14, 2026
CHRN$11.62+8.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| Page | ||
|---|---|---|
| PART I. FINANCIAL INFORMATION | ||
| Item 1. | Financial Statements | 3 |
| Condensed Consolidated Balance Sheets as of August 31, 2026 and May 31, 2026 (unaudited) | 3 | |
| Condensed Consolidated Statements of Operations for the Three Months ended August 31, 2026 and 2025 (unaudited) | 4 | |
| Condensed Consolidated Statements of Temporary Equity and Stockholders' Equity for the Three Months ended August 31, 2026 and 2025 (unaudited) | 5 | |
| Condensed Consolidated Statements of Cash Flows for the Three Months ended August 31, 2026 and 2025 (unaudited) | 6 | |
| Notes to Condensed Consolidated Financial Statements (unaudited) | 7 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 34 |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 44 |
| Item 4. | Controls and Procedures | 44 |
| PART II. OTHER INFORMATION | 45 | |
| Item 1. | Legal Proceedings | 45 |
| Item 1A. | Risk Factors | 45 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 46 |
| Item 3. | Defaults Upon Senior Securities | 46 |
| Item 4. | Mine Safety Disclosures | 46 |
| Item 5. | Other Information | 46 |
| Item 6. | Exhibits | 46 |
| Signatures | 49 | |
Part I - Financial Information
Item 1. Financial Statements
Condensed Consolidated Balance Sheets (Unaudited)
(Dollars in thousands, except par value amounts)
| August 31, 2026 | May 31, 2026 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash | 15,221 | $9,664 |
| Accounts receivable | 7,557 | 12,542 |
| Prepaid expenses and other current assets | 2,924 | 2,200 |
| Current assets held for sale | 4,988 | 19,841 |
| Total current assets | 30,690 | 44,247 |
| Property and equipment, net | 32,491 | 32,081 |
| Operating lease right of use assets, net | 67,297 | 72,004 |
| Finance lease right of use assets, net | 109,876 | 122,509 |
| Goodwill | 54,387 | 54,513 |
| Other assets | 664 | 520 |
| TOTAL ASSETS | $295,405 | $325,874 |
| LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $15,780 | $9,052 |
| Accrued liabilities | 7,334 | 3,740 |
| Current portion of operating lease liability | 18,998 | 18,130 |
| Current portion of finance lease liability | 43,478 | 47,571 |
| Current portion of debt | 10,539 | 3,370 |
| Current deferred revenue | 57 | — |
| Current liabilities held for sale | 4,988 | 5,028 |
| Total current liabilities | 101,174 | 86,891 |
| Long-term portion of operating lease liability | 35,434 | 40,289 |
| Long-term portion of finance lease liability | 2,457 | 10,729 |
| Long-term debt | 151 | 474 |
| Long-term portion of deferred revenue | 107 | — |
| Warrant liabilities | 5,432 | 5,454 |
| Total liabilities | 144,755 | 143,837 |
| Commitments and contingencies (Note 16) | ||
| Temporary equity: | ||
| Convertible preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 issued and outstanding as of August 31, 2026; 2,926 issued and outstanding as of May 31, 2026, with a $2,926 redemption value | — | 2,012 |
| Stockholders' equity: | ||
| Common stock, $0.001 par value; 290,000,000 shares authorized; 145,637,452 and 145,212,325 shares issued and outstanding as of August 31, 2026 and May 31, 2026, respectively | 145 | 145 |
| Additional paid in capital | 392,451 | 379,342 |
| Accumulated deficit | (241,946) | (199,462) |
| Total stockholders’ equity | 150,650 | 180,025 |
| TOTAL LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY | $295,405 | $325,874 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.