IIOT-OXYS, Inc., a company specializing in designing, building, testing, and selling Edge Computing Systems for the Industrial Internet, has released its Form 10-Q report for the third quarter of 2025. The report provides a detailed overview of the company's financial performance and operational challenges, reflecting its ongoing efforts to achieve profitability and maintain liquidity.
Financial Highlights
Revenues: The company reported no revenue for the three and nine months ended September 30, 2025, compared to $2,500 for the nine months ended September 30, 2024.
Gross Profit: With no revenue and cost of sales, the gross profit remained at zero for the reporting periods.
Net Loss: $(408,388) for the three months ended September 30, 2025, and $(590,928) for the nine months ended September 30, 2025. The company continued to incur net losses, reflecting ongoing challenges in achieving profitability.
Net Loss Attributable to Common Stockholders: $(438,889) for the three months ended September 30, 2025, and $(669,613) for the nine months ended September 30, 2025. The net loss attributable to common stockholders increased compared to the previous year.
Net Profit (Loss) Per Share Attributable to Common Stockholders - Basic and Diluted: $(0.00). The net loss per share remained unchanged, indicating no improvement in earnings per share.
Business Highlights
Business Focus: IIOT-OXYS, Inc. is primarily engaged in designing, building, testing, and selling Edge Computing Systems for the Industrial Internet. The company is focused on developing and marketing engineered products, software, and services for applications in the Industrial Internet, which involves collecting and processing data from various industrial systems and machines.
Operational Challenges: The company is facing significant operational challenges, including continuing operating losses, a working capital deficit, and substantial doubt about its ability to continue as a going concern. Management is actively seeking additional borrowings and/or sale of equity securities to maintain operations.
Segment Information: The company operates as a single reportable segment, focusing on the financial results of IIOT-OXYS, Inc. This indicates a streamlined operational focus without distinct divisions or product lines.
Future Outlook: Management believes that the company will be able to achieve a satisfactory level of liquidity to meet its obligations for the next twelve months through additional borrowings and/or sale of equity securities. However, there is no assurance that sufficient liquidity will be generated to maintain operations.
Revenue Recognition: The company recognizes revenue when products are delivered to the customer or services are performed, in accordance with ASC Topic No. 606, Revenue from Contracts with Customers. This includes identifying contracts, performance obligations, and recognizing revenue as obligations are satisfied.
Use of Estimates: The company regularly evaluates estimates and assumptions related to the valuation of accounts payable, accrued liabilities, and payable to related parties. These estimates are based on current facts, historical experience, and various other factors.
Recent Accounting Pronouncements: The company is evaluating the potential impact of the adoption of ASU 2023-09, which relates to improvements in income tax disclosures, effective for annual periods beginning after December 15, 2024.
SEC Filing: