The company's financial position appears increasingly fragile, characterized by a $45.1 million deficit in retained earnings and a $4.3 million goodwill balance that warrants scrutiny.
| Total Current Assets | 8.22M | 6.01M | 3.4M | 5.47M | 6.27M | 7.23M | 495.17K | 424.61K | 676.68K | 251.69K | 190.06K |
| Cash & Short-Term Investments | 6.2M | 4.07M | 2.49M | 4.48M | 5.7M | 6.81M | 242.9K | 329.01K | 439.81K | 28.32K | 4.51K |
| Cash Only | 4.3M | 3.83M | 2.19M | 4.48M | 5.7M | 6.81M | 242.9K | 329.01K | 439.81K | 28.32K | 4.51K |
| Short-Term Investments | 1.9M | 239K | 307K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 130K | 533K | 378K | 108.32K | 192.6K | 172.63K | 150.65K | 64K | 153.91K | 145.9K | 151.53K |
| Days Sales Outstanding | -4.09K | - | 657 | 150.07 | 178.42 | 143.81 | 236.73 | 132.87 | 131.69 | 154.84 | 171.78 |
| Inventory | 0 | 0 | 21K | 121.51K | 81.71K | 22.6K | 16.36K | 16.3K | 38.09K | 14.97K | 0 |
| Days Inventory Outstanding | 26.55 | - | 46.45 | 803.8 | 188.38 | 60.69 | 137.54 | 41.16 | 101.58 | 38.54 | - |
| Other Current Assets | 1.89M | 449K | 49K | 38.23K | 74.19K | 52.42K | 34.25K | 10.49K | 20.01K | 0 | 31.81K |
| Total Non-Current Assets | 8.18M | 14.39M | 2.06M | 1.78M | 219.77K | 368.18K | 192.48K | 240.06K | 182.53K | 283.74K | 248.92K |
| Property, Plant & Equipment | 103K | 42K | 56K | 123.15K | 219.77K | 230.56K | 69.89K | 130.1K | 85.14K | 162.19K | 111.17K |
| Fixed Asset Turnover | -0.97x | - | 3.75x | 2.14x | 1.79x | 1.90x | 3.32x | 1.35x | 5.01x | 2.12x | 2.90x |
| Goodwill | 0 | 6.29M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 4.33M | 4.43M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 6.4M | 0 | 1.41M | 1.66M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 3.75M | 3.63M | 594K | 0 | 0 | 137.63K | 122.58K | 109.95K | 97.39K | 121.56K | 137.75K |
| Total Assets | 16.4M | 20.41M | 5.46M | 7.24M | 6.49M | 7.6M | 687.65K | 664.67K | 859.21K | 535.43K | 438.98K |
| Asset Turnover | -0.00x | - | 0.04x | 0.04x | 0.06x | 0.06x | 0.34x | 0.26x | 0.50x | 0.64x | 0.73x |
| Asset Growth % | 489.08% | 273.38% | -24.56% | 11.58% | -14.55% | 1004.82% | 3.46% | -22.64% | 60.47% | 21.97% | - |
| Total Current Liabilities | 1.74M | 1.43M | 892K | 778.47K | 714.85K | 931.3K | 785.23K | 623.83K | 483.7K | 1.08M | 790.77K |
| Accounts Payable | 23K | 6K | 48K | 43.54K | 127.48K | 539.36K | 203.32K | 235.86K | 196.55K | 190.25K | 223.09K |
| Days Payables Outstanding | 77.98 | 27.72 | 106.18 | 288.01 | 293.92 | 1.45K | 1.71K | 595.58 | 524.25 | 489.82 | 331.09 |
| Short-Term Debt | 364K | 740K | 0 | 40.52K | 0 | 8.39K | 64.2K | 7.23K | 23.14K | 398.92K | 184.78K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.35M | 688K | 351K | 634.42K | 96.52K | 141.8K | 110.22K | 192.74K | 153.74K | 487.29K | 382.9K |
| Current Ratio | 4.73x | 4.19x | 3.82x | 7.02x | 8.77x | 7.76x | 0.63x | 0.68x | 1.40x | 0.23x | 0.24x |
| Quick Ratio | 4.73x | 4.19x | 3.79x | 6.86x | 8.66x | 7.74x | 0.61x | 0.65x | 1.32x | 0.22x | 0.24x |
| Cash Conversion Cycle | -4.15K | - | 597.27 | 665.87 | 72.88 | -1.24K | -1.34K | -421.55 | -290.98 | -296.44 | - |
| Total Non-Current Liabilities | 1.8M | 3.24M | 0 | 7.18K | 40.02K | 253.36K | 367.87K | 442.96K | 164K | 191.25K | 485.67K |
| Long-Term Debt | 6K | 8K | 0 | 0 | 0 | 0 | 210.01K | 300.87K | 37.93K | 61.38K | 311.72K |
| Capital Lease Obligations | 24K | 0 | 0 | 7.18K | 40.02K | 87.29K | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 1.46M | 742K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.07M | 2.49M | 0 | 0 | 0 | 166.08K | 157.85K | 142.09K | 126.07K | 129.87K | 173.95K |
| Total Liabilities | 3.54M | 4.67M | 892K | 785.65K | 754.87K | 1.18M | 1.15M | 1.07M | 647.7K | 1.27M | 1.28M |
| Total Debt | 370K | 748K | 7K | 47.7K | 106.33K | 138.42K | 289.26K | 360.19K | 61.07K | 460.3K | 496.5K |
| Net Debt | -3.93M | -3.08M | -2.18M | -4.43M | -5.59M | -6.67M | 46.36K | 31.19K | -378.74K | 431.98K | 491.99K |
| Debt / Equity | 0.03x | 0.05x | 0.00x | 0.01x | 0.02x | 0.02x | - | - | 0.29x | - | - |
| Debt / EBITDA | -0.06x | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 0.59x | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -6.94x | -30.69x | -55.31x | -1406.73x | -656.02x | -582.45x | -6.92x | -45.75x | -17.69x | -44.06x | -51.53x |
| Total Equity | 12.86M | 15.73M | 4.57M | 6.46M | 5.74M | 6.41M | -465.45K | -402.12K | 211.51K | -732.29K | -837.46K |
| Equity Growth % | 549.68% | 243.98% | -29.19% | 12.57% | -10.53% | 1477.71% | -15.75% | -290.11% | 128.88% | 12.56% | - |
| Book Value per Share | 0.02 | 0.01 | 0.03 | 0.19 | 0.38 | 0.67 | -0.08 | -0.07 | 0.05 | -0.81 | -2.37 |
| Total Shareholders' Equity | 12.97M | 16.01M | 4.75M | 6.48M | 5.85M | 6.48M | -436.18K | -381.07K | 218.23K | -438.72K | -562.44K |
| Common Stock | 0 | 0 | 1K | 296 | 69 | 281 | 161 | 1.02K | 13.84K | 7.18K | 90.75K |
| Retained Earnings | -45.14M | -38.56M | -34.55M | -29.36M | -22.84M | -17.1M | -12.28M | -10.68M | -8.71M | -8.36M | -7.89M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -35K | -38K | -26K | -26.27K | -26.27K | -26.27K | -26.27K | -26.27K | 78.72K | -26.27K | 0 |
| Minority Interest | -111K | -280K | -176K | -21.43K | -109.04K | -70.67K | -29.28K | -21.05K | -6.71K | -293.57K | -275.02K |
Liquidity and insolvency risk
As reported in recent financial statements, NITO's total assets have fluctuated significantly, reaching $16.4 million in 2026Q1, yet the persistent accumulation of a $45.1 million deficit in retained earnings suggests a long-term trajectory of value destruction that remains unmitigated by any meaningful commercial revenue generation.
The company's balance sheet trajectory appears increasingly fragile as the asset base fails to support productive operations. Investors should monitor the widening gap between total assets and accumulated losses, which indicates that capital is being consumed rather than deployed into revenue-generating activities.
Based on the company's reported figures, NITO held $4.3 million in cash as of 2026Q1, providing a limited buffer against ongoing operational burn, especially when considering the lack of recurring revenue to offset the $3.5 million in total liabilities currently weighing on the balance sheet.
While the current ratio of 4.73 appears superficially healthy, it is largely a function of the company's inability to scale operations rather than a sign of robust liquidity. The reliance on cash reserves to fund basic survival suggests that the company may face significant financing hurdles in the near term.
According to recent SEC filings, NITO's asset composition includes $4.3 million in goodwill as of 2026Q1, which represents a substantial portion of the $16.4 million total asset base and warrants further investigation regarding the potential for future impairment charges given the company's current commercial inactivity.
The presence of significant intangible assets on a balance sheet devoid of revenue suggests that these valuations may be disconnected from current economic reality. Analysts should be wary of the risk that these assets will require write-downs, which would further erode the company's already thin equity position.
As indicated by the financial statements, NITO's equity has been severely impacted by a cumulative deficit of $45.1 million, reflecting years of operational losses that have consistently outpaced the company's ability to generate internal capital or maintain a stable shareholder value proposition.
The persistent negative retained earnings suggest that the company's equity base is effectively being sustained by external capital injections rather than organic growth. This reliance on external funding sources may imply a high probability of future dilution for existing shareholders if the current business model fails to pivot.
Based on the reported figures, the sudden appearance of $4.3 million in goodwill in 2026Q1, following periods of zero balance, suggests that accounting adjustments rather than operational expansion are driving the headline asset growth, which may mask the underlying deterioration of the company's core financial health.
Investors should be cautious of interpreting balance sheet growth as a sign of operational progress when it is driven by intangible accounting entries. This shift warrants close scrutiny to determine if these assets represent genuine economic value or merely a technical attempt to bolster the appearance of the balance sheet.
Quick answers to the most common questions about buying NITO stock.
As of 2025, Nexentis Technologies Inc. (NITO) had total assets of $20.4M including $6.0M in current assets.
Nexentis Technologies Inc. (NITO) carries total debt of $0.7M, offset by $4.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Nexentis Technologies Inc. (NITO) has total shareholders' equity (book value) of $16.0M ($0.01 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Nexentis Technologies Inc. (NITO) reported a current ratio of 4.19x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.