Issue 005 | U.S. Pilot | US

LUCYW

Innovative Eyewear 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 95.0%

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

Current Assets: 8,747,451USD
Total Liabilities: 1,111,141USD
NCAV: 7,636,310USD
Cash: 4,378,144USD
NCAV per share: 1.19USD/share
Evidence: 4 annual | 15 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 -2,490,663

Latest: -2,490,6632026-03-31
Comparison: n/a
Change: n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 10-Q 2026-03-31 · 0001829126-26-005226

Supporting observation Current Ratio > 1.5 8.02

Latest: 8.022026-03-31
Comparison: 1.5
Change: n/a

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

Source periods: SEC 10-Q 2026-03-31 · 0001829126-26-005226

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
Period-end Shares Outstanding	6,300,6616,300,661	5,479,8615,479,861	5,205,6875,205,687	4,574,6024,574,602	2,452,6272,452,627	2,452,6322,452,632	121,0472,420,934	76,3521,527,034	47,26313,233,544	46,13312,917,239	46,13312,917,239	46,13312,917,239	27,5567,715,757	26,0977,307,157	26,0977,307,157	n/an/a
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	46,13312,917,239	30,6078,570,035	n/an/a	n/an/a	n/an/a	n/an/a
Weighted-average Diluted Shares	6,245,9416,245,941	3,991,8183,991,818	4,870,0144,870,014	3,214,7903,214,790	2,453,4472,453,447	1,496,3571,496,357	86,8401,736,803	52,2111,044,211	46,25812,952,106	37,55710,515,995	46,13312,917,239	30,6078,570,035	n/an/a	n/an/a	n/an/a	n/an/a
Basic EPS	-0-0	-2-2	-2-2	-1-1	-1-1	-5-5	-5-5	-4-4	-0-0	-1-1	-0-0	-0-0	-0-0	-1-1	-1-1	-0-0
Diluted EPS	-0-0	-2-2	-2-2	-1-1	-1-1	-5-5	-5-5	-4-4	-0-0	-1-1	-0-0	-0-0	-0-0	-1-1	-1-1	-0-0
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	0.0%	0.0%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence
Net Share Count Change	15.0%	5.3%	13.8%	86.5%	-0.0%	1926.2%	58.5%	61.5%	2.4%	0.0%	0.0%	67.4%	5.6%	0.0%	Insufficient evidence	Insufficient evidence
Ownership Claim Change	-13.0%	-5.0%	-12.1%	-46.4%	0.0%	-95.1%	-36.9%	-38.1%	-2.4%	0.0%	0.0%	-40.3%	-5.3%	0.0%	Insufficient evidence	Insufficient evidence

Verified split events: reverse 14.0 on 2024-07-08; reverse 20.0 on 2024-12-31

Known Unknowns

Only 15 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
Revenue	2,661,669	1,636,440	1,152,479	659,788
Operating Income	n/a	n/a	n/a	n/a
Net Income	-7,591,189	-7,766,515	-6,663,428	-5,681,833
Cash From Operations	-7,275,301	-6,739,630	-5,766,303	-3,224,418
Capex	-72,513	-62,203	-78,463	-121,561
Free Cash Flow	-7,347,814	-6,801,833	-5,844,766	-3,345,979
Cash And Equivalents	6,511,036	2,628,987	4,287,447	3,591,109
Accounts Receivable	142,152	107,918	93,211	110,258
Inventory	1,745,136	831,757	533,239	94,701
Total Current Assets	9,435,113	9,238,216	5,616,768	4,240,731
Total Assets	10,139,933	9,838,309	6,218,762	4,689,884
Total Current Liabilities	1,045,306	737,718	624,486	600,005
Total Liabilities	1,073,794	743,168	659,936	665,455
Shareholders Equity	9,066,139	9,095,141	5,558,826	4,024,429
Shares Outstanding	6,300,661	2,452,632	46,191	26,097
Shares Outstanding Diluted	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	3,991,818	1,496,357	613,000	23,318
Weighted Avg Shares Basic	3,991,818	1,496,357	613,000	n/a
Net Share Count Change (Normalized)	5.3%	1926.2%	0.0%	0.0%
Ownership Claim Change (Normalized)	-5.0%	-95.1%	0.0%	0.0%

Quarterly Financials

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

Only 15 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	2022-09-30 10-Q USD	2022-06-30 10-Q USD
Revenue	773,561	959,810	668,128	579,230	454,501	690,688	253,599	308,682	383,471	615,754	221,875	169,929	144,921	151,957	204,741
Operating Income	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
Net Income	-2,309,368	-1,870,125	-1,836,267	-2,106,094	-1,778,703	-2,126,128	-1,720,677	-1,948,399	-1,971,311	-2,393,711	-1,551,105	-1,287,802	-1,430,810	-1,404,321	-1,193,812
Cash From Operations	-2,490,663	-1,350,314	-1,497,434	-2,116,504	-2,311,049	-1,943,269	-1,399,672	-1,929,334	-1,467,355	-1,135,983	-1,359,360	-1,843,888	-1,427,072	-859,566	n/a
Capex	-40,648	-17,030	-14,835	0	-40,648	-26,455	0	-3,450	-32,298	26,259	-70,287	-6,300	-28,135	-50,169	n/a
Free Cash Flow	-2,531,311	-1,367,344	-1,512,269	-2,116,504	-2,351,697	-1,969,724	-1,399,672	-1,932,784	-1,499,653	-1,109,724	-1,429,647	-1,850,188	-1,455,207	-909,735	n/a
Cash And Equivalents	4,378,144	6,511,036	6,699,515	7,627,382	5,258,170	2,628,987	4,543,826	5,896,889	2,648,566	4,287,447	3,903,668	5,356,445	3,449,828	4,976,224	34,878
Total Current Assets	8,747,451	9,435,113	10,598,995	11,332,989	7,329,213	9,238,216	10,992,143	7,286,625	4,110,801	5,616,768	7,501,002	8,770,313	4,542,107	6,102,109	835,469
Total Liabilities	1,111,141	1,073,794	925,003	658,518	447,241	743,168	665,913	515,085	911,442	659,936	473,680	388,544	562,597	851,049	2,453,402
Shares Outstanding	6,403,728	6,300,661	5,350,183	4,574,602	3,094,754	2,452,632	122,112	78,528	62,504	46,191	46,133	46,133	27,556	26,097	21,644
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
Weighted Avg Shares Diluted	6,245,941	5,387,132	4,870,014	3,214,790	2,453,447	1,496,357	86,840	52,211	38,017	46,151	37,371	25,184	27,033	23,832	21,644
Weighted Avg Shares Basic	6,245,941	5,387,132	4,870,014	3,214,790	2,453,447	1,496,357	86,840	52,211	38,017	613,000	37,371	25,184	27,033	23,832	21,644
Net Share Count Change (Normalized)	15.0%	5.3%	13.8%	86.5%	-0.0%	1926.2%	58.5%	61.5%	2.4%	0.0%	0.0%	67.4%	5.6%	Insufficient evidence	Insufficient evidence
Ownership Claim Change (Normalized)	-13.0%	-5.0%	-12.1%	-46.4%	0.0%	-95.1%	-36.9%	-38.1%	-2.4%	0.0%	0.0%	-40.3%	-5.3%	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	8,747,451USD	us-gaap:AssetsCurrent	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001808377/companyfacts.json Data Vault \| sec/companyfacts/cik=0001808377/companyfacts.json
Total Liabilities	1,111,141USD	us-gaap:Liabilities	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001808377/companyfacts.json Data Vault \| sec/companyfacts/cik=0001808377/companyfacts.json
Cash	4,378,144USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001808377/companyfacts.json Data Vault \| sec/companyfacts/cik=0001808377/companyfacts.json
Shares Outstanding	6,403,728	dei:EntityCommonStockSharesOutstanding	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001808377/companyfacts.json Data Vault \| sec/companyfacts/cik=0001808377/companyfacts.json
NCAV	7,636,310USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	1.19USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	95.0%	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: 0001808377
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001808377/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001808377/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 17
Imported At: 2026-08-15T12:52:26+00:00
Rendered At: 2026-08-16T03:30:00+00:00

Run Audit

Mary Run: 062cd84c6cec4533b9bb580392e1f3bf
Mary As Of: 2026-08-07
Accession: 0001829126-26-005226
CIK: 0001808377
Mary Filing Date: 2026-05-14
Filing Currency: USD
Internal Discount: 95.0%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=062cd84c6cec4533b9bb580392e1f3bf; mary_as_of=2026-08-07; mary_filing_date=2026-05-14; mary_accession=0001829126-26-005226; mary_cik=0001808377; gnni_supporting_filing_date=2026-05-14; internal_discount=0.949669; 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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