Issue 002 | U.S. Pilot | US

KTTA

Pasithea Therapeutics Corp.

Screen state: Passing Source state: Verified 10-Q | 2026-05-15 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 78.1%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets: 52,731,456USD
Total Liabilities: 1,542,451USD
NCAV: 51,189,005USD
Cash: 50,400,377USD
NCAV per share: 2.05USD/share
Evidence: 6 annual | 24 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Not captured in this issue’s Mary run.

This archived issue is not backfilled with observations from a later screening run.

Business Profile

Published only when a substantive filing-text profile has been prepared for this issue.

Not available for this issue.

A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: normalize_to_latest_verified_split_basis | quality: verified

Display basis Normalized to latest verified split basis As reported in each filing

Metric	2026-03-31 10-Q Open filing	2025-12-31 10-K Open filing	2025-09-30 10-Q Open filing	2025-06-30 10-Q Open filing	2025-03-31 10-Q Open filing	2024-12-31 10-K Open filing	2024-09-30 10-Q Open filing	2024-06-30 10-Q Open filing	2024-03-31 10-Q Open filing	2023-12-31 10-K Open filing	2023-09-30 10-Q Open filing	2023-06-30 10-Q Open filing	2023-03-31 10-Q Open filing	2022-12-31 10-K Open filing	2022-09-30 10-Q Open filing	2022-06-30 10-Q Open filing	2022-03-31 10-Q Open filing	2021-12-31 10-K Open filing	2021-09-30 10-Q Open filing
Period-end Shares Outstanding	24,939,94824,939,948	23,091,06223,091,062	7,443,5777,443,577	7,443,5777,443,577	2,705,2632,705,263	1,394,2631,394,263	1,044,9141,044,914	1,044,0811,044,081	1,043,2481,043,248	1,041,5821,041,582	86,81920,836,623	108,93126,143,407	108,86126,126,740	108,51426,043,406	110,62026,548,688	111,24526,698,688	n/an/a	95,86823,008,371	55,03513,208,371
Weighted-average Basic Shares	n/an/a	7,031,0507,031,050	7,443,5777,443,577	5,641,2515,641,251	2,211,2072,211,207	1,096,0821,096,082	1,044,1441,044,144	1,043,3121,043,312	1,042,4791,042,479	1,226,6001,226,600	104,83725,160,994	108,86726,128,022	108,63826,073,036	105,21625,251,756	110,62026,548,688	97,68423,444,135	95,86823,008,371	43,35310,404,668	n/an/a
Weighted-average Diluted Shares	24,337,81224,337,812	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	1,042,8951,042,895	1,042,4791,042,479	1,226,6001,226,600	101,73324,415,888	96,77623,226,253	95,86823,008,371	43,35310,404,668	101,73324,415,888	96,77623,226,253	n/an/a	n/an/a	n/an/a
Basic EPS	-0-0	-3-3	-2-2	-2-2	-2-2	-13-13	-10-10	-7-7	-4-4	-0-0	-0-0	-0-0	-0-0	-1-1	-0-0	-0-0	-0-0	-0-0	-0-0
Diluted EPS	-0-0	-3-3	-2-2	-2-2	-2-2	-13-13	-10-10	-7-7	-4-4	-0-0	-0-0	-0-0	-0-0	-1-1	-0-0	-0-0	-0-0	-0-0	-0-0
Basic-to-Diluted Share Difference	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	-0.0%	0.0%	0.0%	-3.0%	-11.1%	-11.8%	-58.8%	-8.0%	-0.9%	Insufficient evidence	Insufficient evidence	Insufficient evidence
Net Share Count Change	8.0%	210.2%	0.0%	175.2%	94.0%	33.4%	0.1%	0.1%	0.2%	1099.7%	-20.3%	0.1%	0.3%	-1.9%	-0.6%	Insufficient evidence	121.1%	74.2%	Insufficient evidence
Ownership Claim Change	-7.4%	-67.8%	0.0%	-63.7%	-48.5%	-25.1%	-0.1%	-0.1%	-0.2%	-91.7%	25.5%	-0.1%	-0.3%	1.9%	0.6%	Insufficient evidence	-54.8%	-42.6%	Insufficient evidence

Verified split events: reverse 20.0 on 2021-04-08; reverse 12.0 on 2023-12-28; reverse 20.0 on 2024-01-02

Known Unknowns

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric	2025-12-31 10-K USD	2024-12-31 10-K USD	2024-12-31 10-K USD	2023-12-31 10-K USD	2022-12-31 10-K USD	2021-12-31 10-K USD
Revenue	n/a	n/a	n/a	n/a	486,559	15,062
Operating Income	-20,857,295	-14,249,962	-14,249,962	-15,979,361	-14,816,321	-4,507,413
Net Income	-20,427,683	-13,904,584	-13,904,584	-15,961,658	-13,936,452	-2,173,521
Cash From Operations	-15,211,490	-13,923,438	-13,923,438	-12,814,133	-14,561,921	-3,174,058
Capex	n/a	n/a	-34,301	-34,301	-374,889	-21,503
Free Cash Flow	n/a	n/a	-13,957,739	-12,848,434	-14,936,810	-3,195,561
Cash And Equivalents	55,158,939	6,922,729	6,922,729	16,331,052	33,146,895	52,966,706
Accounts Receivable	n/a	n/a	n/a	n/a	n/a	n/a
Inventory	n/a	n/a	n/a	n/a	n/a	n/a
Total Current Assets	56,459,084	7,368,315	7,368,315	16,692,154	34,076,693	53,300,457
Total Assets	60,240,070	16,064,719	16,064,719	26,116,858	45,180,089	53,320,581
Total Current Liabilities	4,973,961	1,119,871	1,119,871	2,634,040	1,877,634	447,280
Total Liabilities	5,020,832	1,282,043	1,282,043	2,718,406	2,681,841	1,900,080
Shareholders Equity	55,219,238	14,782,676	14,782,676	23,398,452	42,498,248	51,420,501
Shares Outstanding	23,091,062	1,394,263	1,394,263	1,041,582	26,043,406	23,008,371
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	7,031,050	1,096,082	1,096,082	1,226,600	25,251,756	10,404,668
Weighted Avg Shares Basic	7,031,050	1,096,082	1,096,082	1,226,600	25,251,756	10,404,668
Net Share Count Change (Normalized)	210.2%	33.4%	33.4%	1099.7%	-1.9%	74.2%
Ownership Claim Change (Normalized)	-67.8%	-25.1%	-25.1%	-91.7%	1.9%	-42.6%

Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Metric	2026-03-31 10-Q USD	2025-12-31 10-K USD	2025-12-31 10-K USD	2025-09-30 10-Q USD	2025-06-30 10-Q USD	2025-03-31 10-Q USD	2024-12-31 10-K USD	2024-12-31 10-K USD	2024-09-30 10-Q USD	2024-09-30 10-Q USD	2024-06-30 10-Q USD	2024-06-30 10-Q USD	2024-03-31 10-Q USD	2024-03-31 10-Q USD	2023-12-31 10-K USD	2023-09-30 10-Q USD	2023-06-30 10-Q USD	2023-03-31 10-Q USD	2022-12-31 10-K USD	2022-09-30 10-Q USD	2022-06-30 10-Q USD	2022-03-31 10-Q USD	2021-09-30 10-Q USD	2021-09-30 10-Q USD
Revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	13,658	240,712	218,608	13,581	13,658	n/a	n/a
Operating Income	-4,876,644	-10,256,162	-10,256,162	-3,110,055	-3,810,899	-3,680,179	-3,259,550	-3,259,550	-3,004,604	-3,004,604	-3,945,034	-3,945,034	-4,040,774	-4,040,774	-5,148,782	-3,789,326	-3,828,701	-3,212,552	-5,080,877	-4,250,813	-3,080,094	-2,404,537	n/a	-1,273,600
Net Income	-2,869,482	-10,110,868	-10,110,868	-3,037,420	-3,716,157	-3,563,238	-3,177,661	-3,177,661	-2,999,834	-2,999,834	-3,866,249	-3,866,249	-3,860,840	-3,860,840	-5,048,159	-3,612,590	-3,763,230	-3,537,679	-5,117,688	-4,586,130	-2,658,394	-1,574,240	n/a	-1,526,108
Cash From Operations	-4,787,220	-5,396,822	-5,396,822	-2,890,025	-3,868,886	-3,055,757	-2,443,036	-2,443,036	-3,120,451	-3,120,451	-4,038,866	-4,038,866	-4,321,085	-4,321,085	-3,294,344	-3,237,845	-3,079,666	-3,202,278	-4,418,691	-5,238,722	-2,377,030	-2,527,478	n/a	n/a
Capex	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	22,659	n/a	-3,108	n/a	-53,888	36	22,659	-3,108	-53,888	-25,265	-197,447	-38,310	-113,867	n/a	n/a
Free Cash Flow	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	-3,097,792	n/a	-4,041,974	n/a	-4,374,973	-3,294,308	-3,215,186	-3,082,774	-3,256,166	-4,443,956	-5,436,169	-2,415,340	-2,641,345	n/a	n/a
Cash And Equivalents	50,400,377	55,158,939	55,158,939	4,122,953	7,217,052	5,341,278	6,922,729	6,922,729	9,361,169	9,361,169	7,967,569	7,967,569	12,009,347	12,009,347	16,331,052	19,584,690	26,647,633	29,914,063	33,146,895	42,398,233	47,940,075	50,321,206	20,565,319	20,565,319
Total Current Assets	52,731,456	56,459,084	56,459,084	5,529,226	8,636,599	6,124,940	7,368,315	7,368,315	9,778,772	9,778,772	8,642,465	8,642,465	13,192,898	13,192,898	16,692,154	20,771,268	28,036,901	31,113,317	34,076,693	44,469,392	48,614,283	50,949,946	21,033,846	21,033,846
Total Liabilities	1,542,451	5,020,832	5,020,832	1,423,982	1,830,697	1,680,199	1,282,043	1,282,043	823,975	823,975	1,488,124	1,488,124	2,524,630	2,524,630	2,718,406	2,283,805	2,559,197	2,909,790	2,681,841	2,819,488	1,554,160	1,101,187	4,567,296	4,567,296
Shares Outstanding	24,939,948	23,091,062	23,091,062	7,443,577	7,443,577	2,705,263	1,394,263	1,394,263	1,044,914	1,044,914	1,044,081	1,044,081	1,043,248	1,043,248	1,041,582	20,836,623	26,143,407	26,126,740	26,043,406	26,548,688	26,698,688	23,008,371	13,208,371	13,208,371
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	24,337,812	7,031,050	12,708,279	7,443,577	5,641,251	2,211,207	1,096,082	1,253,237	1,044,144	1,044,144	1,043,312	1,043,312	1,042,479	1,042,479	1,226,600	25,160,994	26,128,022	26,073,036	27,937,413	26,548,688	23,444,135	23,008,371	8,956,197	8,956,197
Weighted Avg Shares Basic	24,337,812	7,031,050	12,708,279	7,443,577	5,641,251	2,211,207	1,096,082	1,253,237	1,044,144	1,044,144	1,043,312	1,043,312	1,042,479	1,042,479	1,226,600	25,160,994	26,128,022	26,073,036	27,937,413	26,548,688	23,444,135	23,008,371	8,956,197	8,956,197
Net Share Count Change (Normalized)	8.0%	210.2%	210.2%	0.0%	175.2%	94.0%	33.4%	33.4%	0.1%	0.1%	0.1%	0.1%	0.2%	0.2%	1099.7%	-20.3%	0.1%	0.3%	-1.9%	-0.6%	Insufficient evidence	121.1%	Insufficient evidence	Insufficient evidence
Ownership Claim Change (Normalized)	-7.4%	-67.8%	-67.8%	0.0%	-63.7%	-48.5%	-25.1%	-25.1%	-0.1%	-0.1%	-0.1%	-0.1%	-0.2%	-0.2%	-91.7%	25.5%	-0.1%	-0.3%	1.9%	0.6%	Insufficient evidence	-54.8%	Insufficient evidence	Insufficient evidence

Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input	Value	Source concept	Filing period	Confidence	Provenance
Current Assets	52,731,456USD	us-gaap:AssetsCurrent	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001841330/companyfacts.json Data Vault \| sec/companyfacts/cik=0001841330/companyfacts.json
Total Liabilities	1,542,451USD	us-gaap:Liabilities	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001841330/companyfacts.json Data Vault \| sec/companyfacts/cik=0001841330/companyfacts.json
Cash	50,400,377USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001841330/companyfacts.json Data Vault \| sec/companyfacts/cik=0001841330/companyfacts.json
Shares Outstanding	24,939,948	us-gaap:CommonStockSharesOutstanding	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001841330/companyfacts.json Data Vault \| sec/companyfacts/cik=0001841330/companyfacts.json
NCAV	51,189,005USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	2.05USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	78.1%	derived	2026-03-31	n/a	gnni_publication_pack \| internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source: Data Vault
Data Vault Root: Local evidence | The Data Vault
CIK: 0001841330
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001841330/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001841330/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 20
Imported At: 2026-08-15T12:52:20+00:00
Rendered At: 2026-08-16T03:29:43+00:00

Run Audit

Mary Run: f75c5d221f074da8a489fba328e8ef51
Mary As Of: 2026-07-18
Accession: 0001213900-26-057837
CIK: 0001841330
Mary Filing Date: 2026-05-15
Filing Currency: USD
Internal Discount: 78.1%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=f75c5d221f074da8a489fba328e8ef51; mary_as_of=2026-07-18; mary_filing_date=2026-05-15; mary_accession=0001213900-26-057837; mary_cik=0001841330; gnni_supporting_filing_date=2026-05-15; internal_discount=0.780754; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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