Issue 003 | U.S. Pilot | US

CDIO

Cardio Diagnostics Holdings, Inc.

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 35.3%

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

Current Assets: 7,744,615USD
Total Liabilities: 655,972USD
NCAV: 7,088,643USD
Cash: 0USD
NCAV per share: 2.40USD/share
Evidence: 5 annual | 17 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.

Evaluated: 12
Triggered: 2
Unavailable: 7

Requires inspection Negative OCF -1,562,212

Latest: -1,562,2122026-03-31
Comparison: n/a
Change: n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 10-Q 2026-03-31 · 0001553350-26-000089

Supporting observation Current Ratio > 1.5 15.76

Latest: 15.762026-03-31
Comparison: 1.5
Change: n/a

Basis: current assets / current liabilities; strong if > 1.5

Source periods: SEC 10-Q 2026-03-31 · 0001553350-26-000089

7 unavailable checks — inspect missing inputs

High Debt (short-term debt + long-term debt) / ordinary equity >= 50%

Low Debt (short-term debt + long-term debt) / ordinary equity < 20%

Material 1Y Share Increase 1Y share change >= +2% using the same share-count source

NCAV Growing equivalent prior-year NCAV change >= +2%; both NCAV values must be positive

No Material 1Y Share Increase 1Y share change > -2% and <= +1% using the same share-count source

Non-Positive Equity ordinary shareholders equity <= 0

Share Count Reduced 1Y share change <= -2% using the same share-count source

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
Period-end Shares Outstanding	2,959,4692,959,469	60,8081,826,051	1,9611,766,607	1,9321,740,269	1,9301,738,683	50,99945,944,039	6,73530,336,010	5,17623,313,070	n/an/a	4,56020,540,409	2,91213,117,325	2,48211,178,455	2,1359,615,835	2,1129,514,743	3611,625,000	n/an/a	n/an/a	3611,625,000
Weighted-average Basic Shares	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Weighted-average Diluted Shares	2,840,7782,840,778	58,3231,751,417	1,9511,757,900	1,9301,739,045	1,8721,686,144	29,85126,892,705	5,42624,442,853	5,01922,607,618	4,67921,077,225	2,81612,685,133	2,64311,903,708	2,27410,242,430	2,1199,547,177	6853,087,683	1,4436,500,000	1,4436,500,000	1,4436,500,000	2221,001,327
Basic EPS	-1-1	-4-4	-3-3	-2-2	-1-1	-0-0	-0-0	-0-0	-0-0	-1-1	-1-1	-1-1	-0-0	-2-2	-0-0	-0-0	-0-0	-1-1
Diluted EPS	-1-1	-4-4	-3-3	-2-2	-1-1	-0-0	-0-0	-0-0	-0-0	-1-1	-1-1	-1-1	-0-0	-2-2	-0-0	-0-0	-0-0	-1-1
Basic-to-Diluted Share Difference	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence
Net Share Count Change	4766.9%	3000.9%	1.5%	0.1%	-96.2%	657.3%	30.1%	Insufficient evidence	Insufficient evidence	56.6%	17.3%	16.3%	1.1%	485.5%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence
Ownership Claim Change	-97.9%	-96.8%	-1.5%	-0.1%	2542.5%	-86.8%	-23.2%	Insufficient evidence	Insufficient evidence	-36.1%	-14.8%	-14.0%	-1.1%	-82.9%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence

Verified split events: reverse 5.0 on 2024-11-15; reverse 30.0 on 2025-12-31; reverse 1.0009886307464162 on 2026-03-31; reverse 30.0 on 2026-03-31

Known Unknowns

Only 17 quarterly periods available from Data Vault for this company.

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	2023-12-31 10-K USD	2022-12-31 10-K USD	2021-12-31 10-K USD
Revenue	14,825	34,890	17,065	950	901
Operating Income	-6,484,078	-8,365,877	-7,242,459	-4,548,451	-620,448
Net Income	-6,498,167	-8,383,453	-8,376,834	-4,660,985	-620,448
Cash From Operations	-5,726,833	-4,993,104	-5,672,175	-5,090,968	-585,291
Capex	-187,317	-214,765	-575,663	n/a	n/a
Free Cash Flow	-5,914,150	-5,207,869	-6,247,838	n/a	n/a
Cash And Equivalents	0	0	0	0	0
Accounts Receivable	8,126	18,612	4,960	0	901
Inventory	n/a	n/a	n/a	n/a	n/a
Total Current Assets	5,920,703	8,790,782	2,765,680	5,885,887	806,682
Total Assets	7,766,415	10,615,312	4,462,365	6,249,478	65,807,166
Total Current Liabilities	604,839	631,695	841,142	1,947,770	124,434
Total Liabilities	793,061	1,057,524	1,504,241	1,947,770	124,434
Shareholders Equity	6,973,354	9,557,788	2,958,124	4,301,708	682,732
Shares Outstanding	98,552	57,882	4,793	2,134	8,215
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	58,323	29,851	2,816	685	258
Weighted Avg Shares Basic	58,323	29,851	2,816	685	258
Net Share Count Change (Normalized)	3000.9%	657.3%	56.6%	485.5%	Insufficient evidence
Ownership Claim Change (Normalized)	-96.8%	-86.8%	-36.1%	-82.9%	Insufficient evidence

Quarterly Financials

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

Only 17 quarterly periods available from Data Vault for this company.

Metric	2026-03-31 10-Q 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	2024-09-30 10-Q USD	2024-06-30 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
Revenue	2,680	3,555	2,855	7,475	940	4,512	6,580	7,870	15,928	5,310	10,030	1,725	0	950	0	0	0
Operating Income	-1,784,837	-1,463,222	-1,711,597	-1,678,699	-1,630,560	-1,516,402	-1,408,967	-1,282,460	-4,158,048	-1,541,998	-1,444,191	-2,553,141	-1,703,129	-3,657,489	-165,291	-498,577	-227,094
Net Income	-1,788,158	-1,465,368	-1,714,536	-1,683,199	-1,635,064	-1,519,308	-1,412,566	-1,287,995	-4,163,584	-1,388,929	-1,932,382	-4,022,905	-1,032,618	-4,147,940	202,269	-492,651	-222,663
Cash From Operations	-1,562,212	-1,361,849	-1,393,418	-1,571,465	-1,400,101	-1,392,295	-1,157,359	-1,210,400	-1,233,050	-1,685,677	-1,044,599	-1,292,832	-1,649,067	-4,503,952	-105,978	-335,028	-146,010
Capex	-1,760	0	-162,834	-18,696	-5,787	-3,638	-23,246	-167,896	-19,985	n/a	-12,591	n/a	n/a	n/a	0	n/a	n/a
Free Cash Flow	-1,563,972	-1,361,849	-1,556,252	-1,590,161	-1,405,888	-1,395,933	-1,180,605	-1,378,296	-1,253,035	n/a	-1,057,190	n/a	n/a	n/a	-105,978	n/a	n/a
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Current Assets	7,744,615	5,920,703	6,927,472	8,703,348	10,535,493	8,790,782	2,627,172	2,138,526	2,589,274	2,765,680	4,522,298	6,254,718	8,138,031	5,885,887	228,052	186,119	635,710
Total Liabilities	655,972	793,061	637,331	671,848	904,998	1,057,524	795,276	922,529	1,290,762	1,504,241	3,675,576	3,848,380	5,129,496	1,947,770	631,748	229,434	180,542
Shares Outstanding	2,959,469	98,552	2,027	1,957	1,930	57,882	8,978	5,315	5,036	4,793	4,555	2,614	2,215	2,112	361	361	361
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
Weighted Avg Shares Diluted	2,840,778	60,641	1,951	1,930	1,872	43,661	5,426	5,019	4,679	4,207	2,643	2,274	2,119	3,087,683	1,468	1,205	938
Weighted Avg Shares Basic	2,840,778	60,641	1,951	1,930	1,872	43,661	5,426	5,019	4,679	4,207	2,643	2,274	2,119	3,087,683	1,468	1,205	938
Net Share Count Change (Normalized)	4766.9%	3000.9%	1.5%	0.1%	-96.2%	657.3%	30.1%	Insufficient evidence	Insufficient evidence	56.6%	17.3%	16.3%	1.1%	485.5%	Insufficient evidence	Insufficient evidence	Insufficient evidence
Ownership Claim Change (Normalized)	-97.9%	-96.8%	-1.5%	-0.1%	2542.5%	-86.8%	-23.2%	Insufficient evidence	Insufficient evidence	-36.1%	-14.8%	-14.0%	-1.1%	-82.9%	Insufficient evidence	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	7,744,615USD	us-gaap:AssetsCurrent	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001870144/companyfacts.json Data Vault \| sec/companyfacts/cik=0001870144/companyfacts.json
Total Liabilities	655,972USD	us-gaap:Liabilities	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001870144/companyfacts.json Data Vault \| sec/companyfacts/cik=0001870144/companyfacts.json
Cash	0USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001870144/companyfacts.json Data Vault \| sec/companyfacts/cik=0001870144/companyfacts.json
Shares Outstanding	2,959,469	us-gaap:CommonStockSharesOutstanding	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001870144/companyfacts.json Data Vault \| sec/companyfacts/cik=0001870144/companyfacts.json
NCAV	7,088,643USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	2.40USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	35.3%	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: 0001870144
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001870144/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001870144/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 18
Imported At: 2026-08-02T05:40:53+00:00
Rendered At: 2026-08-16T03:29:48+00:00

Run Audit

Mary Run: 8f67c1da7de642feb640d04491409c50
Mary As Of: 2026-07-25
Accession: 0001553350-26-000089
CIK: 0001870144
Mary Filing Date: 2026-05-15
Filing Currency: USD
Internal Discount: 35.3%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=8f67c1da7de642feb640d04491409c50; mary_as_of=2026-07-25; mary_filing_date=2026-05-15; mary_accession=0001553350-26-000089; mary_cik=0001870144; gnni_supporting_filing_date=2026-05-15; internal_discount=0.352884; 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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