Microcap Ledger

Tickers · $NXL

Nexalin Technology, Inc. $NXL

By Microcap Ledger desk · CIK 0001527352

Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.

Snapshot

Exchange
Nasdaq Capital Market
Sector
Electromedical & Electrotherapeutic Apparatus
Headquarters
Houston, TX
Fiscal year end
December 31
Shares outstanding
22,036,402 [10-Q 2026-08-12]
as of 2026-08-10

Sources: [10-K 2026-03-25]

What the company doesAI summary of filing

Nexalin Technology develops neurostimulation medical devices to treat mental health conditions including anxiety, insomnia, depression, and other disorders. The company's Gen-1 device, a cranial electrotherapy stimulation device cleared by the FDA prior to 2019, generated revenue from monthly licensing fees and electrode sales, though new Gen-1 marketing has been paused following FDA reclassification. The company is currently in clinical development stage with its Gen-2 SYNC and Gen-3 HALO devices, which use a 15 milliamp waveform and are undergoing FDA pre-submission review; these devices are not yet revenue-generating in the United States but have received regulatory approval in China, Brazil, and Oman. Nexalin makes money from legacy Gen-1 device licensing and service fees, and plans to generate revenue from Gen-2 and Gen-3 devices once they receive FDA clearance, through a business model that includes virtual clinic telemedicine services, in-clinic treatment, and a joint venture operating in China. [10-K 2026-03-25]

Segments: Gen-1 device (legacy CES, 4 milliamp), Gen-2 SYNC (clinical device, 15 milliamp), Gen-3 HALO (patient headset, 15 milliamp), Virtual clinic platform

Financial health

From XBRL company facts (USD)
PeriodRevenueNet incomeOperating cash flowCashFiling
6 months to Jun 2026$27.1K−$4.34M −$3.51M$1.00M[10-Q 2026-08-12]
FY ended Dec 2025$301.6K−$8.22M −$4.96M$654.8K[10-K 2026-03-25]
FY ended Dec 2024$168.7K−$7.61M −$3.94M$574.5K[10-K 2026-03-25]
Quarterly cash burn
−$1.76M
Cash runway Estimate
~1.7 months

Estimate: cash at the end of the period (6 months to Jun 2026) divided by the average monthly operating cash outflow over that period. Ignores any cash raised or spent since, and any financing.

Capital structure and dilution

Summary only. How these instruments work: Dilution & financing desk.

Share count
DateShares outstandingFiling
2025-03-1213,303,523[10-K/A 2025-04-15]
2025-05-1217,177,929[10-Q 2025-05-13]
2025-08-0517,417,929[10-Q 2025-08-06]
2025-09-2217,647,130[10-K/A 2025-09-23]
2025-11-1318,651,939[10-Q 2025-11-14]
2026-03-2320,581,646[10-K 2026-03-25]
2026-05-0720,581,646[10-Q 2026-05-08]
2026-08-1022,036,402[10-Q 2026-08-12]
Shelf registration
S-1 filed 2026-09-03; no effectiveness notice found in EDGAR [S-1 2026-09-03]

Listing status

Current status: 4 Form 8-K Item 3.01 filing(s) in the last 24 months, most recent 2026-09-28. Item 3.01 covers delisting notices, failures to meet a listing rule and listing transfers; read the filing for which one.

DateEventDetailsDeadlineFiling
2026-09-288-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-09-28]
2026-08-178-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-08-17]
2026-07-278-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-07-27]
2026-01-238-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-01-23]

More on deficiency notices and uplistings: Listing status desk.

Catalysts and calendar

Facts as of . Small caps move fast; check the latest filings.