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NXL

NEXALIN TECHNOLOGY, INC.
CIK 0001527352 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
27.8
composite ยท 3 signals ยท ELEVATED

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 2025-12-31 ยท ELEVATED20.0

Zombie / distress

Altman Z'' -68.21 in the distress zone
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-25) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": 1018.311,
    "2024-12-31": 2428.64,
    "2023-12-31": -146.679,
    "2022-12-31": -30.868
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": -68.214,
  "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": -8390881,
    "interest_expense_t": -8240
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1527352/000182912626002673/0001829126-26-002673-index.htm",
    "form": "10-K",
    "filed": "2026-03-25"
  }
}
P-01 ยท FY 2025-12-31 ยท CLEAN20.0

Earnings quality

Beneish M-Score -2.80 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-25) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.799,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 3.498,
    "GMI": 0.983,
    "AQI": 1.17,
    "SGI": 1.788,
    "DEPI": 1,
    "SGAI": 0.582,
    "LVGI": 1.479,
    "TATA": -0.704
  },
  "defaulted_to_neutral": [
    "DEPI"
  ],
  "sloan_accruals": -0.7371,
  "inputs": {
    "revenue_t": 301647,
    "revenue_t1": 168721,
    "total_assets_t": 4635319,
    "net_income_t": -8222181,
    "cfo_t": -4957658
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1527352/000182912626002673/0001829126-26-002673-index.htm",
    "form": "10-K",
    "filed": "2026-03-25"
  }
}
P-12 ยท FY 2025-12-31 ยท CLEAN30.6

Restatement predictor

F-Score 0.92 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-25) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.919,
  "probability": 0.0034,
  "components": {
    "rsst": -0.7371,
    "drec": 0.0155,
    "dinv": -0.0097,
    "soft": 0.8587,
    "dcs": 0.3817,
    "droa": 0.0277,
    "issue": 1
  },
  "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/1527352/000182912626002673/0001829126-26-002673-index.htm",
    "form": "10-K",
    "filed": "2026-03-25"
  }
}