Issue 003 | U.S. Pilot | US

JTAI

Jet.AI Inc.

Screen state: Passing Source state: Verified 10-Q | 2026-05-14 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 87.7%

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

Current Assets: 14,031,741USD
Total Liabilities: 3,431,100USD
NCAV: 10,600,641USD
Cash: 13,497,732USD
NCAV per share: 7.46USD/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.

Evaluated: 12
Triggered: 2
Unavailable: 8

Requires inspection Negative OCF -3,038,616

Latest: -3,038,6162026-03-31
Comparison: n/a
Change: n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 10-Q 2026-03-31 · 0001493152-26-023101

Supporting observation Current Ratio > 1.5 4.09

Latest: 4.092026-03-31
Comparison: 1.5
Change: n/a

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

Source periods: SEC 10-Q 2026-03-31 · 0001493152-26-023101

8 unavailable checks — inspect missing inputs

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

High NCAV Burn since the previous filing NCAV burn since previous filing >= 10%; previous NCAV must be positive

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	2021-09-30 10-Q Open filing	2021-06-30 10-Q Open filing
Period-end Shares Outstanding	639,738639,738	31,4136,282,645	703,501,701	653,261,701	442,187,446	331,629,861	3148,836	114,755,144	112,555,144	09,754,364	09,164,364	n/an/a	n/an/a	02,990,000	04,157,967	04,234,791	04,185,382	04,516,879	04,166,839	n/an/a
Weighted-average Basic Shares	n/an/a	15,1323,026,488	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	04,176,952	04,176,952	013,133,764	014,490,000	014,490,000	014,490,000	014,490,000	014,490,000	n/an/a
Weighted-average Diluted Shares	401,302401,302	68,83313,766,617	673,334,744	522,583,667	341,711,490	6279,201	278,523	112,906,352	111,441,443	06,326,806	07,018,212	04,176,952	04,176,952	013,133,764	014,490,000	014,490,000	014,490,000	014,490,000	014,490,000	n/an/a
Basic EPS	-7-7	22	-3-3	-2-2	-2-2	-48-48	-139-139	-1-1	-0-0	-2-2	-2-2	-0-0	-0-0	11	00	00	00	-0-0	00	n/an/a
Diluted EPS	-7-7	00	-3-3	-2-2	-2-2	-48-48	-139-139	-1-1	-0-0	-2-2	-2-2	-0-0	-1-1	-2-2	-1-1	00	n/an/a	n/an/a	n/an/a	n/an/a
Basic-to-Diluted Share Difference	Insufficient evidence	354.9%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	Insufficient evidence
Net Share Count Change	1936.5%	44754.2%	7.4%	49.1%	34.2%	995.1%	127.0%	17.5%	3761.4%	6.4%	Insufficient evidence	0.0%	-68.2%	-28.1%	-1.8%	1.2%	-7.3%	8.4%	Insufficient evidence	Insufficient evidence
Ownership Claim Change	-95.1%	-99.8%	-6.9%	-32.9%	-25.5%	-90.9%	-55.9%	-14.9%	-97.4%	-6.0%	Insufficient evidence	0.0%	214.4%	39.1%	1.8%	-1.2%	7.9%	-7.7%	Insufficient evidence	Insufficient evidence

Verified split events: reverse 30.0 on 2024-04-14; reverse 225.0 on 2024-11-12; reverse 250.0 on 2025-12-31; reverse 200.0 on 2026-04-08

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	2023-12-31 10-K USD	2022-12-31 10-K USD	2021-12-31 10-K USD	2021-12-31 10-K USD
Revenue	9,177,767	14,022,628	12,214,556	21,862,728	n/a	n/a
Operating Income	-10,069,720	-12,566,602	-12,510,445	-487,072	-85,515	-85,515
Net Income	4,589,474	-12,733,435	-12,616,408	7,175,980	-3,541,873	-3,541,873
Cash From Operations	-8,225,095	-8,225,594	-3,783,473	-402,677	-21,320	-21,320
Capex	-12,922	-12,922	-4,339	n/a	n/a	n/a
Free Cash Flow	-8,238,017	-8,238,516	-3,787,812	n/a	n/a	n/a
Cash And Equivalents	1,819,503	5,872,627	2,100,543	211,718	614,395	614,395
Accounts Receivable	97,331	132,230	96,539	223,954	n/a	n/a
Inventory	n/a	n/a	n/a	n/a	n/a	n/a
Total Current Assets	2,165,558	6,362,608	3,187,153	215,311	614,476	614,476
Total Assets	25,684,076	10,797,323	5,739,188	13,049,940	117,339,476	117,339,476
Total Current Liabilities	3,709,069	3,789,081	6,951,897	101,842	18,000	18,000
Total Liabilities	3,709,069	4,284,863	9,675,227	5,071,744	11,112,301	11,112,301
Shareholders Equity	21,975,007	6,512,460	-3,936,039	-4,856,433	5,000,001	5,000,001
Shares Outstanding	596,048	44	0	99	n/a	100
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	68,833	6	141	98	14,490,000	322
Weighted Avg Shares Basic	15,132	6	141	98	14,490,000	322
Net Share Count Change (Normalized)	44754.2%	995.1%	6.4%	-28.1%	8.4%	8.4%
Ownership Claim Change (Normalized)	-99.8%	-90.9%	-6.0%	39.1%	-7.7%	-7.7%

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	2024-06-30 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	2022-12-31 10-K USD	2022-09-30 10-Q USD	2022-06-30 10-Q USD	2022-06-30 10-Q USD	2022-03-31 10-Q USD	2022-03-31 10-Q USD	2021-09-30 10-Q USD	2021-06-30 10-Q USD
Revenue	1,681,236	1,766,241	1,766,241	1,710,988	2,225,900	3,474,638	3,172,753	3,172,753	3,917,393	3,083,884	3,848,598	4,179,051	3,367,189	2,792,808	1,875,508	n/a	n/a	11,909,588	n/a	n/a	n/a	n/a	n/a	n/a
Operating Income	-2,865,552	-2,382,325	-2,382,325	-2,036,197	-2,479,925	-3,171,273	-3,314,253	-3,314,253	-2,881,938	-3,220,615	-3,149,796	-7,774,361	-4,266,515	-105,915	-363,654	-169,565	-169,566	-187,537	-73,812	-73,811	-56,158	-56,158	-32,497	n/a
Net Income	-2,681,102	12,110,350	12,110,350	-1,966,049	-2,385,023	-3,169,804	-3,401,948	-3,401,948	-2,881,882	-3,220,556	-3,229,049	-7,942,933	-4,290,559	232,329	-615,245	3,533,026	3,533,026	779,753	-501,501	-501,501	3,364,702	3,364,702	60,246	-3,377
Cash From Operations	-3,038,616	692,107	692,107	-3,932,302	-2,804,692	-2,180,208	-3,385,061	-3,385,061	-135,100	-2,184,643	-2,520,790	-1,038,843	-2,552,791	-46,512	-145,327	-67,253	-67,253	-139,996	-135,408	-135,408	-60,020	-60,020	223,267	-202,420
Capex	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	1	-1	-4,339	0	1	-1	-4,339	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Free Cash Flow	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	-135,099	-2,184,644	-2,525,129	-1,038,843	-2,552,790	-46,513	-149,666	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Cash And Equivalents	13,497,732	1,819,503	1,819,503	3,475,410	8,265,732	12,245,419	5,872,627	5,872,627	311,883	528,117	595,555	2,100,543	903,909	19,879	66,391	211,718	211,718	278,971	418,967	418,967	n/a	n/a	656,562	n/a
Total Current Assets	14,031,741	2,165,558	2,165,558	6,871,714	8,658,512	12,980,984	6,362,608	6,362,608	1,185,993	1,936,861	3,163,199	3,187,153	2,067,812	n/a	n/a	215,311	215,311	295,613	481,248	481,248	603,026	603,026	657,071	800
Total Liabilities	3,431,100	3,709,069	3,709,069	3,663,249	3,138,396	4,835,030	4,284,863	4,284,863	8,385,482	8,343,954	8,333,009	9,675,227	9,017,948	5,586,564	5,699,176	5,071,744	5,071,744	7,642,616	8,115,871	8,115,871	7,736,148	7,736,148	7,601,986	177,420
Shares Outstanding	1,421,721	6,282,645	596,048	79	65	51	1,629,861	33	16	2	1	0	0	0	n/a	4,454,665	99	92	n/a	94	n/a	93	93	n/a
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	401,302	13,766,617	235,265	67	52	34	279,201	279,201	2	1	1	219	156	100	87	13,133,764	202	98	14,490,000	322	14,490,000	322	322	56
Weighted Avg Shares Basic	401,302	3,026,488	22,213	67	52	34	279,201	279,201	2	1	1	219	156	100	87	13,133,764	202	98	14,490,000	322	14,490,000	322	322	56
Net Share Count Change (Normalized)	1936.5%	44754.2%	44754.2%	7.4%	49.1%	34.2%	995.1%	995.1%	127.0%	17.5%	3761.4%	6.4%	Insufficient evidence	0.0%	-68.2%	-28.1%	-28.1%	-1.8%	1.2%	1.2%	-7.3%	-7.3%	Insufficient evidence	Insufficient evidence
Ownership Claim Change (Normalized)	-95.1%	-99.8%	-99.8%	-6.9%	-32.9%	-25.5%	-90.9%	-90.9%	-55.9%	-14.9%	-97.4%	-6.0%	Insufficient evidence	0.0%	214.4%	39.1%	39.1%	1.8%	-1.2%	-1.2%	7.9%	7.9%	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	14,031,741USD	us-gaap:AssetsCurrent	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001861622/companyfacts.json Data Vault \| sec/companyfacts/cik=0001861622/companyfacts.json
Total Liabilities	3,431,100USD	derived	2026-03-31	1.00	n/a
Cash	13,497,732USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001861622/companyfacts.json Data Vault \| sec/companyfacts/cik=0001861622/companyfacts.json
Shares Outstanding	1,421,721	dei:EntityCommonStockSharesOutstanding	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001861622/companyfacts.json Data Vault \| sec/companyfacts/cik=0001861622/companyfacts.json
NCAV	10,600,641USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	7.46USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	87.7%	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: 0001861622
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001861622/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001861622/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 21
Imported At: 2026-08-15T12:52:18+00:00
Rendered At: 2026-08-16T03:29:48+00:00

Run Audit

Mary Run: 8f67c1da7de642feb640d04491409c50
Mary As Of: 2026-07-25
Accession: 0001493152-26-023101
CIK: 0001861622
Mary Filing Date: 2026-05-14
Filing Currency: USD
Internal Discount: 87.7%
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=2026-05-14; mary_accession=0001493152-26-023101; mary_cik=0001861622; gnni_supporting_filing_date=2026-05-14; internal_discount=0.876888; 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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