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NSFDF

NXT Energy Solutions Inc.
CIK 0001009922 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
99.2
composite ยท 3 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-01 ยท FY 2021-12-31 ยท TRIGGERED100.0

Earnings quality

[FY2021 data, stale] Beneish M-Score 15.51 exceeds the -1.78 manipulation threshold
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2022-05-02) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": 15.509,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.038,
    "GMI": 1,
    "AQI": 0.992,
    "SGI": 22.95,
    "DEPI": 1,
    "SGAI": 1,
    "LVGI": 1.762,
    "TATA": -0.097
  },
  "defaulted_to_neutral": [
    "GMI",
    "DEPI",
    "SGAI"
  ],
  "sloan_accruals": -0.0928,
  "inputs": {
    "revenue_t": 3134250,
    "revenue_t1": 136566,
    "total_assets_t": 21584371,
    "net_income_t": -3123799,
    "cfo_t": -1033173
  },
  "stale": true,
  "latest_filing_period": "2024-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1009922/000165495422005703/0001654954-22-005703-index.htm",
    "form": "20-F",
    "filed": "2022-05-02"
  }
}
P-12 ยท FY 2021-12-31 ยท TRIGGERED100.0

Restatement predictor

[FY2021 data, stale] F-Score 52.10 โ€” misstatement risk 52.1x the base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2022-05-02) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 52.104,
  "probability": 0.19278,
  "components": {
    "rsst": -0.0928,
    "drec": -0.0055,
    "dinv": null,
    "soft": 0.8664,
    "dcs": 22.8583,
    "droa": 0.112,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": true,
  "latest_filing_period": "2024-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1009922/000165495422005703/0001654954-22-005703-index.htm",
    "form": "20-F",
    "filed": "2022-05-02"
  }
}
P-05 ยท FY 2019-12-31 ยท ELEVATED94.0

Tax arbitrage

[FY2019 data, stale โ€” no more recent pretax-income figure in XBRL] ETR 0.0% vs 21% statutory โ€” gap persistent across 1 of 1 years
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2022-05-02) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2019-12-31": 0
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2019-12-31": 0.21
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": true,
  "latest_filing_period": "2024-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1009922/000165495422005703/0001654954-22-005703-index.htm",
    "form": "20-F",
    "filed": "2022-05-02"
  }
}