NXXTHIGH SIGNALFINANCIAL10-K

NXXT faces severe liquidity pressure with cash reserves plummeting 89% to just $227K while debt increased over 50% to $9.2M.

The company's cash position has deteriorated to critically low levels that may threaten operational continuity, while simultaneously taking on substantially more debt. This cash burn combined with increased leverage creates immediate going-concern risks for the microgrid developer.

Comparing 2026-04-16 vs 2025-03-27View on EDGAR →
FINANCIAL ANALYSIS

NXXT's financial position has weakened dramatically, with cash reserves falling to $227K from $2.1M while total debt grew meaningfully to $9.2M. The company increased capital expenditures substantially to $3.3M, suggesting continued investment in microgrid projects despite the cash constraints. While current assets and receivables showed modest growth, the severe cash depletion overshadows these positive indicators and raises questions about the company's ability to fund ongoing operations and planned deployments.

FINANCIAL STATEMENT CHANGES
Cash & Equivalents
Balance Sheet
-89%
$2.1M→$227K

Cash declined 89% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.

Capital Expenditure
Cash Flow
+63.1%
$2.0M→$3.3M

Capital expenditure jumped 63.1% — major investment cycle underway; assess returns on deployment.

Total Debt
Balance Sheet
+51.2%
$6.1M→$9.2M

Debt increased 51.2% — substantial leverage increase; assess whether deployed for growth or covering losses.

Current Assets
Balance Sheet
+42.3%
$2.2M→$3.2M

Current assets grew 42.3% — improving short-term liquidity or inventory/receivables build.

Accounts Receivable
Balance Sheet
+26.3%
$1.6M→$2.0M

Receivables grew 26.3% — monitor days sales outstanding for collection efficiency.

LANGUAGE CHANGES
NEW — 2026-04-16
PRIOR — 2025-03-27
ADDED
As of April 15, 2026, 156,654,973 shares of the registrant s common stock, par value $ 0.0001 per share, were outstanding.
As used in this annual report, the terms NextNRG, we, us, our, and Company mean NextNRG, Inc.
The two deployments of the NextNRG Smart Microgrid are expected to be in California at two healthcare facilities.
NextNRG is targeting tribal land is because nearly 17,000 tribal homes are without electricity and tribal communities experience 6.5x more power outages than national average.
NextNRG has approximately $750 Million in planned smart microgrid deployments.
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REMOVED
As of March 27, 2025, 111,998,644 shares of the registrant s common stock, par value $0.0001 per share, were outstanding.
As used in this annual report, the terms NextNRG we , us , our and Company mean NextNRG, Inc.
The Portable Emergency AC Energy ( PEACE ) Controller (US Patent No.
The first deployment of the NextNRG Smart Microgrid is expected to be in Bryceville, Florida.
Other prospective projects will be built on tribal land in the United States.
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