Issue 005 | U.S. Pilot | US

OGEN

ORAGENICS INC

Screen state: Passing Source state: Verified 10-Q | 2026-05-08 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 61.1%

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

Current Assets: 7,489,636USD
Total Liabilities: 1,307,878USD
NCAV: 6,181,758USD
Cash: 6,107,078USD
NCAV per share: 1.37USD/share
Evidence: 10 annual | 25 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: 9

Requires inspection High NCAV Burn since the previous filing 6,181,758

Latest: 6,181,7582026-03-31
Comparison: 8,281,4052025-12-31
Change: -25.4%

Basis: NCAV burn since previous filing >= 10%; previous NCAV must be positive

Source periods: SEC 10-Q 2026-03-31 · 0001493152-26-021967; REPORTED_FILING 10-K 2025-12-31

Requires inspection Negative OCF -2,200,644

Latest: -2,200,6442026-03-31
Comparison: n/a
Change: n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 10-Q 2026-03-31 · 0001493152-26-021967

9 unavailable checks — inspect missing inputs

Current Ratio <= 1.5 current assets / current liabilities <= 1.5

Current Ratio > 1.5 current assets / current liabilities

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	2021-09-30 10-Q Open filing	2021-06-30 10-Q Open filing	2020-12-31 10-K Open filing	2019-12-31 10-K Open filing	2018-12-31 10-K Open filing	2017-12-31 10-K Open filing	2016-12-31 10-K Open filing
Period-end Shares Outstanding	4,375,7294,375,729	4,271,5294,271,529	137,5724,127,173	27,431822,927	715,84321,475,289	83,80112,570,100	62,5849,387,547	37,2055,580,693	29,8714,480,693	20,5383,080,693	17,1292,569,385	13,4982,024,657	13,4982,024,657	13,4982,024,657	13,034117,304,809	n/an/a	n/an/a	12,933116,394,806	12,933116,394,806	12,911116,194,806	10,19691,766,928	5,12546,124,803	3,27029,433,135	5484,928,335	54649,114,219
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	13,4982,024,766	13,3952,009,234	12,972116,744,807	12,933116,394,806	12,933116,394,806	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	4,300,9804,300,980	2,157,0762,157,076	52,0301,560,909	24,394731,817	607,20818,216,227	44,1466,621,934	43,5206,528,064	30,1944,529,045	23,3073,496,078	14,9982,249,694	15,7072,356,065	13,4982,024,766	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
Basic EPS	-1-1	-5-5	-5-5	-7-7	-0-0	-2-2	-1-1	-1-1	-1-1	-9-9	-4-4	-3-3	-1-1	-7-7	-0-0	-0-0	-0-0	-8-8	-0-0	-0-0	-0-0	n/an/a	n/an/a	n/an/a	n/an/a
Diluted EPS	-1-1	-5-5	-5-5	-7-7	-0-0	-2-2	-1-1	-1-1	-1-1	-9-9	-4-4	-3-3	-1-1	-7-7	-6-6	-4-4	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
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	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence
Net Share Count Change	2.4%	3004.9%	401.5%	-96.2%	754.2%	33.9%	68.2%	24.5%	45.4%	19.9%	26.9%	0.0%	0.0%	3.6%	Insufficient evidence	0.0%	Insufficient evidence	0.0%	0.2%	26.6%	99.0%	56.7%	497.2%	0.3%	Insufficient evidence
Ownership Claim Change	-2.4%	-96.8%	-80.1%	2509.6%	-88.3%	-25.3%	-40.6%	-19.7%	-31.2%	-16.6%	-21.2%	0.0%	0.0%	-3.4%	Insufficient evidence	0.0%	Insufficient evidence	0.0%	-0.2%	-21.0%	-49.7%	-36.2%	-83.3%	-0.3%	Insufficient evidence

Verified split events: reverse 10.0 on 2017-12-31; reverse 60.0 on 2023-01-20; reverse 5.0 on 2025-05-02; reverse 30.0 on 2025-12-31

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	2020-12-31 10-K USD	2019-12-31 10-K USD	2018-12-31 10-K USD	2017-12-31 10-K USD	2016-12-31 10-K USD
Revenue	n/a	37,653	37,653	131,521	86,987	n/a	n/a	0	0	0
Operating Income	-9,362,503	-10,558,815	-20,904,903	-14,415,628	-15,771,018	-26,641,456	-15,877,569	-9,994,140	-6,718,318	-8,542,505
Net Income	-9,842,487	-10,567,918	-20,655,737	-14,288,389	-15,711,614	-26,430,699	-15,566,003	-9,914,141	-6,731,525	-7,013,304
Cash From Operations	-9,246,387	-8,597,382	-7,290,880	-15,228,483	-13,470,212	-16,952,864	-13,012,843	-9,079,817	-6,363,853	-7,075,085
Capex	n/a	n/a	-127,519	-127,519	-43,876	-25,214	-25,214	-124,727	-27,179	-27,179
Free Cash Flow	n/a	n/a	-7,418,399	-15,356,002	-13,514,088	-16,978,078	-13,038,057	-9,204,544	-6,391,032	-7,102,264
Cash And Equivalents	4,399,726	864,840	3,483,501	11,426,785	27,265,703	17,639,575	18,267,994	20,208,301	6,166,143	4,080,618
Accounts Receivable	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0
Inventory	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0
Total Current Assets	10,067,764	1,472,510	3,865,774	14,289,523	27,707,389	17,982,681	18,838,065	21,933,276	7,193,172	4,221,704
Total Assets	10,067,764	1,472,510	4,966,335	14,758,025	28,230,979	18,680,532	19,752,717	22,049,552	7,214,831	4,309,166
Total Current Liabilities	n/a	n/a	1,798,181	1,596,284	1,445,260	1,342,147	1,850,375	1,167,569	898,522	1,343,443
Total Liabilities	1,786,359	1,684,395	1,798,181	1,748,723	1,744,780	1,835,937	2,521,065	1,167,569	898,522	1,343,443
Shareholders Equity	8,281,405	-211,885	3,168,154	13,009,302	26,486,199	16,844,595	17,231,652	20,881,983	6,316,309	2,965,723
Shares Outstanding	4,336,029	143,169	29,871	13,498	12,933	12,183	5,125	5,124	548	547
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	2,157,076	44,146	14,998	13,395	64,771	6,281	4,698	1,449	547	148,698
Weighted Avg Shares Basic	2,157,076	44,146	14,998	13,395	64,771	6,281	4,698	1,449	547	148,698
Net Share Count Change (Normalized)	3004.9%	33.9%	19.9%	3.6%	0.0%	99.0%	56.7%	497.2%	0.3%	Insufficient evidence
Ownership Claim Change (Normalized)	-96.8%	-25.3%	-16.6%	-3.4%	0.0%	-49.7%	-36.2%	-83.3%	-0.3%	Insufficient evidence

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	2023-12-31 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	2021-12-31 10-K USD	2021-12-31 10-K USD	2021-09-30 10-Q USD	2021-09-30 10-Q USD	2021-06-30 10-Q USD
Revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	7,466	13,163	17,024	0	0	7,466	13,163	17,024	0	86,047	30,391	15,083	n/a	n/a	n/a	n/a	n/a
Operating Income	-2,255,927	-2,498,301	-2,498,301	-3,123,773	-1,714,202	-2,026,227	-3,355,432	-3,355,432	-2,437,280	-2,306,000	-2,460,103	-12,796,324	-12,796,324	-2,094,446	-3,109,318	-2,904,815	-360,415	-3,953,560	-4,047,125	-6,054,528	-2,301,115	-2,301,115	-4,394,455	-4,394,455	-3,837,968
Net Income	-2,201,243	-2,286,870	-2,286,870	-3,066,589	-2,272,035	-2,216,993	-3,349,123	-3,349,125	-2,462,870	-2,305,090	-2,450,833	-12,747,429	-12,747,429	-2,012,885	-3,050,586	-2,844,837	-302,659	-3,917,643	-4,032,693	-6,035,394	-2,292,576	-2,292,576	-4,383,746	-4,383,746	-3,815,347
Cash From Operations	-2,200,644	-2,835,412	-2,835,412	-2,984,515	-1,314,370	-2,112,090	-2,018,353	-2,018,353	-1,970,251	-1,544,529	-3,064,249	-1,102,545	-1,102,545	-1,503,012	-2,576,628	-2,108,695	-2,432,836	-3,775,890	-3,382,805	-5,636,952	-1,884,425	-1,884,425	-5,180,012	-5,180,012	-2,078,346
Capex	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	-37,034	0	-87,047	-3,438	-37,034	0	-87,047	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	n/a	n/a	n/a	n/a	n/a	-1,540,046	-2,576,628	-2,195,742	-2,436,274	-3,812,924	-3,382,805	-5,723,999	n/a	n/a	n/a	n/a	n/a
Cash And Equivalents	6,107,078	4,399,726	4,399,726	11,403,766	1,973,745	3,421,078	864,840	864,840	3,144,049	1,348,621	2,071,989	3,483,501	3,483,501	5,766,644	6,473,822	9,158,340	11,426,785	13,951,054	17,867,483	21,372,463	27,265,703	27,265,703	29,948,892	29,948,892	34,574,769
Total Current Assets	7,489,636	10,067,764	10,067,764	12,705,544	2,139,708	3,869,111	1,472,510	1,472,510	4,113,343	1,618,955	2,443,201	3,865,774	3,865,774	7,814,092	8,098,834	11,703,053	14,289,523	14,513,006	17,969,981	21,649,936	27,707,389	27,707,389	30,535,411	30,535,411	34,661,686
Total Liabilities	1,307,878	1,786,359	1,786,359	2,874,108	4,267,423	3,731,423	1,684,395	1,684,395	2,126,506	1,383,309	908,686	1,798,181	1,798,181	1,402,107	1,207,013	1,885,045	1,748,723	1,702,574	1,677,775	1,662,690	n/a	1,744,780	n/a	2,544,835	2,514,137
Shares Outstanding	4,511,957	4,271,529	4,271,529	138,941	137,572	715,843	12,570,100	143,169	81,418	37,205	29,871	3,080,693	29,871	17,129	16,929	13,498	13,498	13,050	12,933	12,933	116,394,806	12,933	116,394,806	12,933	12,911
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	n/a
Weighted Avg Shares Diluted	4,300,980	2,157,076	2,157,076	52,030	24,394	607,208	6,621,934	79,185	43,520	30,194	23,307	2,249,694	17,239	15,707	13,498	73,492	2,009,234	12,972	12,933	66,765	n/a	12,933	n/a	12,918	12,874
Weighted Avg Shares Basic	4,300,980	2,157,076	2,157,076	52,030	24,394	607,208	6,621,934	79,185	43,520	30,194	23,307	2,249,694	17,239	15,707	13,498	73,492	2,009,234	12,972	12,933	66,765	1,943,131	12,933	116,262,938	12,918	12,874
Net Share Count Change (Normalized)	2.4%	3004.9%	3004.9%	401.5%	-96.2%	754.2%	33.9%	33.9%	68.2%	24.5%	45.4%	19.9%	19.9%	26.9%	0.0%	0.0%	3.6%	Insufficient evidence	0.0%	Insufficient evidence	0.0%	0.0%	0.2%	0.2%	26.6%
Ownership Claim Change (Normalized)	-2.4%	-96.8%	-96.8%	-80.1%	2509.6%	-88.3%	-25.3%	-25.3%	-40.6%	-19.7%	-31.2%	-16.6%	-16.6%	-21.2%	0.0%	0.0%	-3.4%	Insufficient evidence	0.0%	Insufficient evidence	0.0%	0.0%	-0.2%	-0.2%	-21.0%

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	7,489,636USD	us-gaap:AssetsCurrent	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001174940/companyfacts.json Data Vault \| sec/companyfacts/cik=0001174940/companyfacts.json
Total Liabilities	1,307,878USD	us-gaap:Liabilities	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001174940/companyfacts.json Data Vault \| sec/companyfacts/cik=0001174940/companyfacts.json
Cash	6,107,078USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001174940/companyfacts.json Data Vault \| sec/companyfacts/cik=0001174940/companyfacts.json
Shares Outstanding	4,511,957	dei:EntityCommonStockSharesOutstanding	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001174940/companyfacts.json Data Vault \| sec/companyfacts/cik=0001174940/companyfacts.json
NCAV	6,181,758USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	1.37USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	61.1%	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: 0001174940
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001174940/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001174940/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 26
Imported At: 2026-08-15T12:52:36+00:00
Rendered At: 2026-08-16T03:30:00+00:00

Run Audit

Mary Run: 062cd84c6cec4533b9bb580392e1f3bf
Mary As Of: 2026-08-07
Accession: 0001493152-26-021967
CIK: 0001174940
Mary Filing Date: 2026-05-08
Filing Currency: USD
Internal Discount: 61.1%
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=2026-05-08; mary_accession=0001493152-26-021967; mary_cik=0001174940; gnni_supporting_filing_date=2026-05-08; internal_discount=0.610685; 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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