Company: AIBT
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001096906-25-001375
Chunk: 2

Company: AIBOTICS, INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Item 2
Chunk 2
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 fees of approximately $42,000, and increase in product development expenses of approximately $62,000. 

Other Expense

Other expense for the six months ended June 30, 2025 and 2024 was composed of interest expense.

Interest expense for the six months ended June 30, 2025 increased by $43,168, or 30%, compared to the same period in 2024, increasing from $144,335 to $187,503. The increase was primarily attributable to the gain on conversion of accrued interest offset by the absence of interest expense related to debt discount amortization on the Company’s convertible notes during the six months ended June 30, 2025. 

Net Loss

For the six months ended June 30, 2025 and 2024, we had a net loss of $1,077,546 and $896,617, respectively.

Liquidity and Capital Resources

Liquidity refers to a company’s ability to generate sufficient cash to meet its short-term financial obligations. As of June 30, 2025, we had $242,179 in cash and cash equivalents, compared to $185,097 as of December 31, 2024, representing an increase of $57,082. This increase was primarily driven by cash used in operations. As of June 30, 2025, we had undiscounted obligations of approximately $1.3 million related to indebtedness due within one year.

As of June 30, 2025, we had a working capital deficiency of $5,149,741 as of June 30, 2025, compared to a deficiency of $4,666,666 as of December 31, 2024. Our current assets totaled $242,179, consisting almost entirely of cash. Current liabilities totaled $5,391,920, primarily comprised of related party accrued expenses, convertible notes payable, and shares to be issued. As of June 30, 2025, we had an accumulated deficit of $11,831,802, up from $10,809,256 as of December 31, 2024, reflecting continued operating losses.

Our monthly operating costs averaged approximately $10,000 per month for the six months ended June 30, 2025, excluding capital expenditure. We did not have capital expenditures during the six months ended June 30, 2025. We plan to fund our operations with our cash on hand and additional financing.

Cash Fl