Going-concern and funding shortfall
The company has no active operations and relies on external financing to meet obligations.
- Scope
- Corporate survival and ability to continue as a public shell
- Materiality
- high
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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| % | |
|---|---|
| WBPA therapeutic platforms | 100% Motorized platforms designed to move a subject repetitively head to foot for therapeutic use. |
Historically, the company’s customers were users and buyers of non-invasive therapeutic devices, likely including...
- Medical therapy usersprimary
Facilities or practitioners that would use WBPA platforms for non-invasive therapeutic treatment.
- Acquisition candidatesprimary
Private operating businesses that could combine with the public shell through a merger or acquisition.
- Capital providerssecondary
Related parties and investors providing promissory notes or equity financing to support the entity.
The company is incorporated in Florida and maintains its principal corporate office in Miami...
- •Incorporated in Florida and headquartered in Miami
- •U.S. corporate office is the main operating location
- •No disclosed country-level revenue breakdown in the filings
- •Historical business was centered in the United States
The company’s current strategic focus is maintaining the corporate shell while seeking a suitable merger or acquisition...
01
Find a merger or acquisition candidateshort-term
The company has no active operations and needs a transaction to create a new operating business.
02
Secure external financingshort-term
Corporate maintenance and transaction pursuit require cash, and current resources are limited.
The company faces going-concern and financing risk because it has no active business operations and depends on external...
Internal control weaknesses
Management disclosed material weaknesses and incomplete documentation of controls.
- Scope
- Financial reporting accuracy and timeliness
- Materiality
- high
Dependence on related-party financing
Operations have been financed through promissory notes and equity sales, creating concentration risk.
- Scope
- Funding availability and dilution
- Materiality
- high
SEC reporting delays
Late filings can reduce investor confidence and affect trading liquidity.
- Scope
- Market perception and compliance status
- Materiality
- medium
Going concern
Affects disclosure, classification, and investor interpretation of solvency
Related-party promissory notes
Affects liabilities, financing cash flows, and related-party disclosures
Income tax losses and NOLs
Affects deferred tax assets, valuation allowances, and tax expense
Contingencies and legal costs
Can change accrued liabilities and period expenses
: 29.4.2026