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NXGLW

NexGel, Inc.
CIK 0001468929 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
12.4
composite ยท 3 signals ยท CLEAN

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-13 ยท FY 2023-12-31 ยท ELEVATED100.0

Zombie / distress

[FY2023 data, stale โ€” no more recent EBIT figure in XBRL] Interest coverage -231.80x below 1.0
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-03-27) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": null,
    "2024-12-31": null,
    "2023-12-31": -231.8,
    "2022-12-31": -2.506
  },
  "consecutive_years_below_1": 2,
  "altman_z_double_prime": -4.487,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": -3477000,
    "interest_expense_t": 15000
  },
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1468929/000164117225000937/0001641172-25-000937-index.htm",
    "form": "10-K",
    "filed": "2025-03-27"
  }
}
P-01 ยท FY 2025-12-31 ยท CLEAN1.1

Earnings quality

Beneish M-Score -3.46 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-31) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -3.461,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.549,
    "GMI": 0.801,
    "AQI": 1.196,
    "SGI": 1.315,
    "DEPI": 0.88,
    "SGAI": 0.961,
    "LVGI": 1.179,
    "TATA": -0.161
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": -0.1575,
  "inputs": {
    "revenue_t": 11421000,
    "revenue_t1": 8688000,
    "total_assets_t": 10461000,
    "net_income_t": -3000000,
    "cfo_t": -1311000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1468929/000149315226014377/0001493152-26-014377-index.htm",
    "form": "10-K",
    "filed": "2026-03-31"
  }
}
P-12 ยท FY 2025-12-31 ยท CLEAN15.2

Restatement predictor

F-Score 0.46 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-31) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.457,
  "probability": 0.00169,
  "components": {
    "rsst": -0.1575,
    "drec": -0.0242,
    "dinv": 0.0336,
    "soft": 0.8131,
    "dcs": 0.3445,
    "droa": 0.012,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1468929/000149315226014377/0001493152-26-014377-index.htm",
    "form": "10-K",
    "filed": "2026-03-31"
  }
}