Solesence Inc 2026年季度报告

Form 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: June 30, 2026or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to _______ to_______ Commission File Number: 001-42589 Solésence, Inc. (Exact name of registrant as specified in its charter) Delaware36-3687863(State or other jurisdiction of(I.R.S. Employerincorporation or organization)Identification No.) 1319 Marquette Drive, Romeoville, Illinois 60446(Address of principal executive offices, and zip code) Registrant’s telephone number, including area code:(630) 771-6708 Securities registered pursuant to Section 12(b) of the Act: Common Stock, $0.01 par value per share The NASDAQ Capital Market Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2)has been subject to such filing requirements for the past 90 days. Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, everyInteractive Data File required to be submitted and posted pursuant to Rule405 of Regulation S-T during the preceding 12 months (orfor such shorter period that the registrant was required to submit and post 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 “accelerated filer”, “large accelerated filer”, “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☑Emerging growth company☐ Large accelerated filer☐ Non-accelerated filer☑ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying 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 August 19, 2026, there were 70,647,045 shares outstanding of common stock, par value $.01, of the registrant. SOLÉSENCE, INC. QUARTER ENDED JUNE 30, 2026 INDEX PART I – FINANCIAL INFORMATIONItem 1.Financial Statements3Consolidated Balance Sheets (Unaudited Consolidated Condensed) as of June 30, 2026, and December 31,20253Consolidated Statements of Operations (Unaudited Consolidated Condensed) for the three and six monthsended June 30, 2026, and 20254Consolidated Statements of Shareholders’ Equity (Unaudited Consolidated Condensed) for the three and sixmonths ended June 30, 2026, and 20255Consolidated Statements of Cash Flows (Unaudited Consolidated Condensed) for the six months ended June30, 2026, and 20256Notes to Unaudited Consolidated Condensed Financial Statements7Independent Accountant Review Not Complete15Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations16Item 3.Quantitative and Qualitative Disclosures About Market Risk18Item 4.Controls and Procedures18PART II – OTHER INFORMATION19Item 1.Legal Proceedings19Item 1A.Risk Factors19Item 2.Unregistered Sales of Equity Securities and Use of Proceeds19Item 3.Defaults Upon Senior Securities19Item 4.Mine Safety Disclosures19Item 5.Other Information19Item 6.Exhibits20SIGNATURES21 PART I – FINANCIAL INFORMATION Item 1.Financial Statements SOLÉSENCE, INC.CONSOLIDATED BALANCE SHEETS(Unaudited Consolidated Condensed)(Not Reviewed) ASSETS Current liabilities:Line of credit – accounts receivable, related party$3,787$4,767Current portion of line of credit, inventory, related party9,500—Current portion of debt, related parties1,000—Current portion of operating lease obligations1,3431,255Accounts payable4,9684,098Deferred revenue1,937930Accrued expenses3,4782,879Total current liabilities26,01313,929 Long-term portion of operating lease obligations7,0707,798Long-term line of credit – inventory, related party—9,500Long-term debt, related party—1,000Asset retirement obligations200194Total long-term liabilities7,27018,492 SOLÉSENCE, INC. CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited Consolidated Condensed)(Not Reviewed) SOLÉSENCE, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(Unaudited Consolidated Condensed)(in thousands except share data)(Not Reviewed) SOLÉSENCE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited Consolidated Condensed)(Not Reviewed) SOLÉSENCE, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited Consolidated Condensed)(Not Reviewed)(In thousands, except share and per share data or as otherwise noted herein) (1)Basis of Presentation Theaccompanying unaudited con