Expion360 Inc 2026年季度报告

FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 For the quarterly period ended March 31, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 For the transition period from ______ to ______. Commission File Number 001-41347 Expion360 Inc.(Exact name of registrant as specified in its charter) 81-2701049 (IRS Employer Identification No.) 2025 SW Deerhound Avenue, Redmond, OR 97756(Address of principal executive offices, including zip code) Registrant’s telephone number, including area code:(541) 797-6714 Securities registered pursuant to Section 12(b) of the Act: XPON The Nasdaq Capital Market Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports)and (2) has been subject to filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T(§232.405 of this chapter)during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act. Largeacceleratedfiler☐Non-accelerated filer☒ Acceleratedfiler☐Smallerreportingcompany☒Emerginggrowthcompany☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of May 14, 2026, there were 11,438,298 shares of the registrant’s common stock, par value $0.001 per share, outstanding. TABLE OF CONTENTS CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INDUSTRY DATAiINDUSTRY AND MARKET DATAiiTRADEMARKSiiiPART I - FINANCIAL INFORMATION1ITEM 1. FINANCIAL STATEMENTS1BALANCE SHEETS1STATEMENTS OF OPERATIONS (UNAUDITED)2STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED)3STATEMENTS OF CASH FLOWS (UNAUDITED)4NOTES TO FINANCIAL STATEMENTS (UNAUDITED)5ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS21ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK31ITEM 4. CONTROLS AND PROCEDURES31PART II - OTHER INFORMATION32ITEM 1. LEGAL PROCEEDINGS32ITEM 1A. RISK FACTORS32ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS33ITEM 3. DEFAULTS UPON SENIOR SECURITIES33ITEM 4. MINE SAFETY DISCLOSURES33ITEM 5. OTHER INFORMATION33ITEM 6. EXHIBITS34SIGNATURES35 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INDUSTRY DATA This Quarterly Report on Form 10-Q (this “Quarterly Report”) includes “forward-looking statements” within the meaning of Section27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, asamended (the “Exchange Act”). All statements in this Quarterly Report, other than statements of historical fact, are “forward-looking statements” for purposes of theseprovisions, including, without limitation, any projections regarding the markets where we operate, any statements of the plans andobjectives of our management for future operations, any statements concerning proposed new products or services, any statementsregarding expected capital expenditures, any statements regarding future economic conditions or performance, and any statements ofassumptions underlying any of the foregoing. All forward-looking statements included in this Quarterly Report are made as of the datehereof and are based on information available to us as of such date. We assume no obligation to update any forward-looking statement,except as required by applicable law. In some cases, forward-looking statements can be identified by the use of terminology such as“may,” “will,” “expects,” “plans,” “should,” “anticipates,” “intends,” “seeks,” “believes,” “estimates,” “potential,” “forecasts,”“continue,” or other forms of these words or similar words or expressions, or the negative thereof or other comparable terminology.Although we believe the expectations reflected in the forward-looking statements contained herein are reasonable, there can be noassurance that such expectations or any of the forward-looking statements will prove to be correct. Investors are cautioned not to placeundue reliance on