XERIANT, INC.

Pre-revenue development-stage shell with going-concern doubt, a defaulted secured note and active litigation.

Strengths

• Holds patent-pending DUREVER/NEXBOARD building-product IP
• Active litigation claims could yield recoveries if successful

Risks

• No revenue, going concern, ROA -24 and current ratio 0.006 (9th pct) — essentially no liquidity
• Auctus senior secured note in default with adverse rulings; dependent on dilutive convertible debt

Notable findings

• No interest coverageInterest coverage -6.05 (cannot cover interest)
• Going concernOur recurring operating losses have raised substantial doubt regarding our ability to continue as a going concern
• Cash burnNegative free cash flow (-1.3M)
• Weak liquidityCurrent ratio 0.01 (<1)
• Chronic dilutionShare count +25%/yr over 3y (dilution)
• Revenue declineRevenue -230.4% YoY