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CNS Pharmaceuticals, Inc.

For the period ended Dec 31, 2025. Filed Mar 31, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 31, 2026

CNSP$3.94+0.5%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 exhibits
Contents

Table of Contents

Page
PART I
ITEM 1.Business1
ITEM 1A.Risk Factors15
ITEM 1B.Unresolved Staff Comments30
ITEM 1C.Cybersecurity31
ITEM 2.Properties32
ITEM 3.Legal Proceedings32
ITEM 4.Mine Safety Disclosures32
PART II
ITEM 5.Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities33
ITEM 6.[RESERVED]33
ITEM 7.Management's Discussion and Analysis of Financial Condition and Results of Operations33
ITEM 7A.Quantitative and Qualitative Disclosures About Market Risks36
ITEM 8.Financial Statements and Supplementary Data37
ITEM 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure57
ITEM 9A.Controls and Procedures57
ITEM 9B.Other Information58
ITEM 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections58
PART III
ITEM 10Directors, Executive Officers and Corporate Governance59
ITEM 11Executive Compensation59
ITEM 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters59
ITEM 13Certain Relationships and Related Transactions, and Director Independence60
ITEM 14Principal Accountant Fees and Services60
PART IV
ITEM 15Exhibits, Financial Statement Schedules61
Exhibit Index61
ITEM 1610-K Summary64
Signatures65

i

References in this Form 10-K to “we”, “us”, “its”, “our” or the “Company” are to CNS Pharmaceuticals, Inc., as appropriate to the context.

Cautionary Statement About Forward-Looking Statements

We make forward-looking statements under the “Risk Factors,” “Business,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and in other sections of this report. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “should,” “would,” “could,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential” or “continue,” and the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. In particular, you should consider the numerous risks and uncertainties described under “Risk Factors”.

While we believe we have identified material risks, these risks and uncertainties are not exhaustive. Other sections of this report may describe additional factors that could adversely impact our business and financial performance. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this report to conform our prior statements to actual results or revised expectations, and we do not intend to do so.

Forward-looking statements include, but are not limited to, statements about:

·our ability to secure rights to new pipeline assets via in-licensing, acquisition or collaboration;
·our ability to obtain additional funding to develop our product candidates;
·our ability to maintain compliance with the NASDAQ Capital Market’s continued listing requirements, including any new continued listing requirements that are approved in the future;
·our ability to continue as a going concern given our current financial condition;
·the need to obtain regulatory approval of our product candidates;
·the success of our clinical trials through all phases of clinical development;
·compliance with obligations under intellectual property licenses with third parties;
·any delays in regulatory review and approval of product candidates in clinical development;
·our ability to commercialize our product candidates;

ii

·market acceptance of our product candidates;
·competition from existing products or new products that may emerge;
·potential product liability claims;
·our dependency on third-party manufacturers to supply or manufacture our products;
·our ability to establish or maintain collaborations, licensing or other arrangements;
·our ability and third parties’ abilities to protect intellectual property rights;
·our ability to adequately support future growth; and
·our ability to attract and retain key personnel to manage our business effectively.

We caution you not to place undue reliance on the forward-looking statements, which speak only as of the date of this report in the case of forward-looking statements contained in this report.

You should not rely upon forward-looking statements as predictions of future events. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. We qualify all of our forward-looking statements by these cautionary statements. Although we believe that the expectations reflected in the forward looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Therefore, you should not rely on any of the forward-looking statements. In addition, with respect to all of our forward-looking statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

iii

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.