Expion360 Inc 2026年季度报告

(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) 2025 SW Deerhound Avenue, Redmond, OR 97756(Address of principal executive offices, including zip code) Securities registered pursuant to Section 12(b) of the Act: 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) 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 the 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,” “smaller Largeacceleratedfiler☐Non-accelerated filer☒ Acceleratedfiler☐Smallerreportingcompany☒ 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 DATA INDUSTRY AND MARKET DATATRADEMARKSPART I - FINANCIAL INFORMATIONITEM 1. FINANCIAL STATEMENTSBALANCE SHEETSSTATEMENTS OF OPERATIONS (UNAUDITED)STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED)STATEMENTS OF CASH FLOWS (UNAUDITED)NOTES TO FINANCIAL STATEMENTS (UNAUDITED)ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONSITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKITEM 4. CONTROLS AND PROCEDURESPART II - OTHER INFORMATIONITEM 1. LEGAL PROCEEDINGSITEM 1A. RISK FACTORSITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDSITEM 3. DEFAULTS UPON SENIOR SECURITIESITEM 4. MINE SAFETY DISCLOSURESITEM 5. OTHER INFORMATIONITEM 6. EXHIBITSSIGNATURES 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, as 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 Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on ourcurrent beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipatedevents and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subjectto inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control.Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you ●We operate in an extremely competitive industry and are subject to pricing pressures.●We have a history of losses. As our costs increase, we may not be able to generate sufficient revenue to achieve and sustainprofitability.●Our audited financial statements include a statement that there is a substantial doubt about our