NIMUOTCGuided Missiles & Space Vehicles & PartsUS GAAP · USD

Non Invasive Monitoring Systems Inc /FL/

Non-Invasive Monitoring Systems Inc. is a U.S.-based shell company organized in Florida. The company previously developed, manufactured, and marketed non-invasive whole body periodic acceleration (WBPA) therapeutic platforms, and it is now focused on corporate maintenance while seeking a merger or acquisition candidate.

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Operating profit (EBIT)-0.2m USD
−171.2 %y/y
Net income-0.2m USD
−96.5 %y/y
Free cash flow-0.1m USD
+35.7 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-0.20-0.15-0.10-0.050.00m USD2020: EBIT -0.17 m USD20202021: EBIT -0.16 m USD20212022: EBIT -0.16 m USD20222023: EBIT -0.17 m USD20232024: EBIT -0.06 m USD20242025: EBIT -0.16 m USD2025-0.16
RevenueOperating profit (EBIT)
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Business

Share of revenue
WBPA therapeutic platforms100 %

Motorized platforms designed to move a subject repetitively head to foot for therapeutic use.

Customers

Historically, the company’s customers were users and buyers of non-invasive therapeutic devices, likely including medical and rehabilitation settings that used WBPA platforms. Based on the current filings, the company is no longer operating an active commercial product business and has been searching for a merger or acquisition candidate since 2019.

Medical therapy users

Facilities or practitioners that would use WBPA platforms for non-invasive therapeutic treatment.

Acquisition candidates

Private operating businesses that could combine with the public shell through a merger or acquisition.

Capital providers

Related parties and investors providing promissory notes or equity financing to support the entity.

Strategy

The company’s current strategic focus is maintaining the corporate shell while seeking a suitable merger or acquisition candidate. Financing has been obtained primarily through private equity sales and related-party promissory notes, which supports ongoing corporate existence while it searches for a transaction.

Find a merger or acquisition candidateShort term

The company has no active operations and needs a transaction to create a new operating business.

Secure external financingShort term

Corporate maintenance and transaction pursuit require cash, and current resources are limited.

Geography

The company is incorporated in Florida and maintains its principal corporate office in Miami. Its historical business was U.S.-based, and the filings provided do not disclose meaningful operating revenue by country or region.

Risks

The company faces going-concern and financing risk because it has no active business operations and depends on external funding to remain current. It also reports material weaknesses in internal controls and a history of delayed SEC filings, which can impair reporting reliability and investor confidence.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Going-concern and funding shortfall1Internal control weaknesses2Dependence on related-party financing3SEC reporting delays4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Going-concern and funding shortfallImpact: CriticalLikelihood: High

    The company has no active operations and relies on external financing to meet obligations.

    Exposure: Corporate survival and ability to continue as a public shell

  2. Internal control weaknessesImpact: HighLikelihood: High

    Management disclosed material weaknesses and incomplete documentation of controls.

    Exposure: Financial reporting accuracy and timeliness

  3. Dependence on related-party financingImpact: HighLikelihood: High

    Operations have been financed through promissory notes and equity sales, creating concentration risk.

    Exposure: Funding availability and dilution

  4. SEC reporting delaysImpact: MediumLikelihood: High

    Late filings can reduce investor confidence and affect trading liquidity.

    Exposure: Market perception and compliance status

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Accounting

Judgemental items
Going concern

Management must assess whether available cash and financing are sufficient to continue operations.

Impact: Affects disclosure, classification, and investor interpretation of solvency

Related-party promissory notes

Funding from insiders must be measured and disclosed carefully.

Impact: Affects liabilities, financing cash flows, and related-party disclosures

Income tax losses and NOLs

The company has accumulated losses and open tax years, requiring estimate-based accounting.

Impact: Affects deferred tax assets, valuation allowances, and tax expense

Contingencies and legal costs

Loss contingencies are recorded only when probable and estimable.

Impact: Can change accrued liabilities and period expenses

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Last updated: 24/09/2026