Non-Invasive Monitoring Systems, Inc. (NIMS) reported its financial results for the six months ending January 31, 2025, revealing a net loss of $119,000, a decrease from the $142,000 loss recorded during the same period in 2024. The company’s operating costs and expenses for the first half of the fiscal year were $89,000, down from $115,000 in the prior year, primarily due to reduced general and administrative expenses. The company’s accumulated deficit increased to approximately $28.97 million as of January 31, 2025, compared to $28.85 million at the end of July 2024.
In terms of liquidity, NIMS reported cash of $27,000 at the end of the reporting period, a slight increase from $25,000 at the end of July 2024. The company’s total liabilities stood at $887,000, which includes $595,000 in notes payable to related parties. The company has not generated revenue since discontinuing its operations in May 2019 and continues to operate as a shell company with no current plans to develop or market new products.
The company’s operational metrics indicate a stable share count, with 154,810,655 shares of common stock outstanding as of January 31, 2025, consistent with the previous reporting period. NIMS has not made any significant changes to its organizational structure or product offerings, as it has maintained limited administrative functions and no inventory. The company is currently exploring potential mergers, acquisitions, and strategic collaborations to enhance its business prospects.
Looking ahead, NIMS faces substantial doubt regarding its ability to continue as a going concern, given its ongoing losses and limited cash reserves. The company has indicated that it may require additional financing to meet its operational needs over the next 12 months. Management has acknowledged the challenges posed by current economic conditions, which may impact its ability to secure necessary funding. The company’s future performance will depend on its success in obtaining additional financing and executing its strategic initiatives.
About NON INVASIVE MONITORING SYSTEMS INC /FL/
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