Home / Going-concern warnings / Kinetic Seas Inc.
Filed 2026-05-29 路 Form 10-K 路 Accession 0001683168-26-004391 nano
Price before filing: $0.06 (2026-05-28 close, split/dividend-adjusted)
Market cap at flag: $3.0M (2026-05-29) 路 Latest: $2.0M (2026-10-16)
| Window | KSEZ | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -35.0% | -1.5% | -33.5% | 2026-06-29 |
| 90 days | -58.3% | +2.5% | -60.8% | 2026-08-27 |
| 180 days | pending | pending | until 2026-11-25 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider sold $7K (4 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-03-19 | Lozinski Jeffrey William 10% owner | Sale | 10,000 | $0.05 | $500 | no | Form 4 |
| 2026-03-30 | Lozinski Jeffrey William 10% owner | Sale | 100,000 | $0.03 | $3K | no | Form 4 |
| 2026-04-01 | Lozinski Jeffrey William 10% owner | Sale | 50,000 | $0.03 | $2K | no | Form 4 |
| 2026-04-01 | Lozinski Jeffrey William 10% owner | Sale | 61,700 | $0.04 | $2K | no | Form 4 |
| 2026-05-29: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-02-28 to 2026-06-28. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"The Company has suffered recurring losses from operations and has a net capital deficiency for the period ended December 31, 2025 that raise substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Going-concern opinion issued by: Bush & Associates CPA LLC
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report; also within 90 days: Late annual report (NT 10-K), Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.
Subscribe to the newsletter →
The signup form didn't load here (often an ad or privacy blocker). This opens beehiiv's secure signup page.
Form not showing? Subscribe on beehiiv →
Newsletter delivered by beehiiv. See our privacy policy.