Issue 006 | U.S. Pilot | US

CYN

Cyngn 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 61.8%

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

Current Assets: 49,927,772USD
Total Liabilities: 10,388,062USD
NCAV: 39,539,710USD
Cash: 5,131,502USD
NCAV per share: 2.74USD/share
Evidence: 5 annual | 19 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 -8,403,609

Latest: -8,403,6092026-03-31
Comparison: n/a
Change: n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 10-Q 2026-03-31 · 0001213900-26-056821

Supporting observation Current Ratio > 1.5 12.07

Latest: 12.072026-03-31
Comparison: 1.5
Change: n/a

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

Source periods: SEC 10-Q 2026-03-31 · 0001213900-26-056821

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

Checklist-driven facts extracted from filing text. Missing fields stay visible in the details.

business_profile_v1

Business profile: 0 of 12 fields established by the current extractor.

Business Profile Field Details

Business Description

Missing Source

Not established by the current extractor from the selected filing context.

Revenue Model

Missing Source

Not established by the current extractor from the selected filing context.

Customers And Channels

Missing Source

Not established by the current extractor from the selected filing context.

Segments And Geography

Missing Source

Not established by the current extractor from the selected filing context.

Tangible Operations Assets

Missing Source

Not established by the current extractor from the selected filing context.

Value Chain

Missing Source

Not established by the current extractor from the selected filing context.

Competition Positioning

Missing Source

Not established by the current extractor from the selected filing context.

Business Lifecycle Cyclicality

Missing Source

Not established by the current extractor from the selected filing context.

Strategy And Capital Allocation

Missing Source

Not established by the current extractor from the selected filing context.

Management Governance Signals

Missing Source

Not established by the current extractor from the selected filing context.

Disclosed Risks

Missing Source

Not established by the current extractor from the selected filing context.

Known Unknowns

Missing Source

Not established by the current extractor from the selected filing context.

Business Profile Sources

Source	Filing	Date	Type	Status	Provenance
S1	0001213900-26-056821	2026-05-14	10-Q	Verified	Data Vault \| sec/cleaned/cik=0001874097/accession=0001213900-26-056821/parser=html-cleaner-v1/full.txt

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	13,608,28113,608,281	7,974,3807,974,380	7,039,2667,039,266	7,039,2667,039,266	1,751,9061,751,906	199,110199,110	2,7022,026,575	2,3601,769,946	1,17988,454,654	86464,773,756	46935,205,748	45133,830,900	45033,719,592	44933,684,864	44933,672,636	44833,575,334	n/an/a	35326,487,680	13966,210
Weighted-average Basic Shares	11,008,58611,008,586	4,540,4814,540,481	7,039,2667,039,266	2,017,2282,017,228	1,150,8821,150,882	13,22113,221	2,6431,981,907	1,8891,416,758	1,02877,081,105	53339,987,864	50437,771,928	45133,794,325	44933,702,767	41631,233,071	44833,636,362	40930,706,235	35826,862,227	n/an/a	n/an/a
Weighted-average Diluted Shares	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	1,8891,416,758	50237,685,413	46634,947,710	44633,458,338	38228,682,245	35826,862,227	41631,233,071	40630,433,744	38228,682,245	35826,862,227	n/an/a	n/an/a
Basic EPS	-1-1	-5-5	-5-5	-8-8	-7-7	-2,213-2,213	-13-13	-12-12	-0-0	-1-1	-0-0	-0-0	-0-0	-1-1	-0-0	-0-0	-0-0	-1-1	-6-6
Diluted EPS	-1-1	-5-5	-5-5	-8-8	-7-7	-2,213-2,213	-13-13	-12-12	-0-0	-1-1	-0-0	-0-0	-0-0	-1-1	-0-0	-0-0	-0-0	-1-1	-6-6
Basic-to-Diluted Share Difference	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	0.0%	-51.1%	-12.6%	-11.4%	-15.1%	-20.3%	0.0%	-9.5%	-6.6%	0.0%	Insufficient evidence	Insufficient evidence
Net Share Count Change	70.7%	13.3%	0.0%	301.8%	779.9%	7268.7%	14.5%	100.1%	36.6%	84.0%	4.1%	0.3%	0.1%	0.0%	0.3%	Insufficient evidence	Insufficient evidence	2641.4%	Insufficient evidence
Ownership Claim Change	-41.4%	-11.7%	0.0%	-75.1%	-88.6%	-98.6%	-12.7%	-50.0%	-26.8%	-45.6%	-3.9%	-0.3%	-0.1%	-0.0%	-0.3%	Insufficient evidence	Insufficient evidence	-96.4%	Insufficient evidence

Verified split events: reverse 100.0 on 2024-07-05; reverse 5.0 on 2025-01-30; reverse 150.0 on 2025-02-18

Known Unknowns

Only 19 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	218,976	368,138	1,489,317	262,000	n/a
Operating Income	-25,688,241	-22,828,075	-23,345,942	-19,400,727	-9,400,058
Net Income	-23,469,273	-29,252,284	-22,811,230	-19,236,509	-7,799,529
Cash From Operations	-23,576,656	-9,493,500	-19,477,605	-16,299,223	-8,642,419
Capex	-1,230,536	-1,051,481	-1,045,822	-918,318	n/a
Free Cash Flow	-24,807,192	-10,544,981	-20,523,427	-17,217,541	n/a
Cash And Equivalents	990,023	23,617,733	3,591,623	10,536,273	21,945,981
Accounts Receivable	n/a	n/a	n/a	n/a	n/a
Inventory	2,039,655	150,241	n/a	66,780	n/a
Total Current Assets	39,828,412	25,582,955	9,469,977	23,776,747	22,521,285
Total Assets	50,053,215	30,095,349	13,033,356	25,505,012	22,654,989
Total Current Liabilities	4,803,553	3,489,338	2,080,823	1,387,485	407,427
Total Liabilities	11,298,809	18,501,699	2,398,167	1,387,485	407,427
Shareholders Equity	38,754,406	11,593,650	10,635,189	24,117,527	22,247,562
Shares Outstanding	13,608,281	1,751,906	1,097	450	361
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	4,540,481	13,221	3,494	2,330	78
Weighted Avg Shares Basic	4,540,481	13,221	3,494	2,330	78
Net Share Count Change (Normalized)	13.3%	7268.7%	84.0%	0.0%	2641.4%
Ownership Claim Change (Normalized)	-11.7%	-98.6%	-45.6%	-0.0%	-96.4%

Quarterly Financials

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

Only 19 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	2022-12-31 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
Revenue	104,573	218,976	0	0	0	306,376	47,584	8,665	5,513	40,355	25,210	550,952	872,800	n/a	n/a	n/a	n/a	n/a	n/a
Operating Income	-6,941,771	-6,554,343	-8,417,000	-5,501,865	-5,215,033	-5,541,310	-5,508,202	-5,812,204	-5,966,359	-5,395,959	-5,609,701	-6,495,412	-5,844,870	-5,690,816	-5,690,816	-5,278,337	-4,612,913	-3,818,661	-2,125,052
Net Income	-6,486,759	-1,989,478	-8,438,641	-5,448,312	-7,592,842	-12,035,854	-5,427,399	-5,818,952	-5,970,079	-5,357,561	-5,471,512	-6,353,399	-5,628,758	-5,546,145	-5,546,145	-5,259,364	-4,611,961	-3,819,039	-2,099,185
Cash From Operations	-8,403,609	-6,741,114	-4,065,179	-6,257,295	-6,513,068	6,056,511	-5,324,533	-4,385,084	-5,840,394	-5,037,503	-4,193,156	-4,869,498	-5,377,448	-4,700,238	-4,700,238	-4,596,352	-3,602,403	-3,400,230	n/a
Capex	-289,489	-358,167	-519,516	-174,400	-178,453	-311,534	-162,450	-363,259	-214,238	-141,405	-422,640	-34,038	-447,739	n/a	n/a	n/a	n/a	n/a	n/a
Free Cash Flow	-8,693,098	-7,099,281	-4,584,695	-6,431,695	-6,691,521	5,744,977	-5,486,983	-4,748,343	-6,054,632	-5,178,908	-4,615,796	-4,903,536	-5,825,187	n/a	n/a	n/a	n/a	n/a	n/a
Cash And Equivalents	5,131,502	990,023	4,820,464	31,343,213	1,002,331	23,617,733	1,974,441	5,930,977	2,192,398	3,591,623	3,536,381	3,055,843	7,967,979	10,536,273	10,536,273	5,631,256	5,601,774	18,331,241	1,650,684
Total Current Assets	49,927,772	39,828,412	39,080,375	43,634,634	18,726,900	25,582,955	4,451,254	8,332,778	6,273,395	9,469,977	8,592,564	13,253,773	18,341,728	23,776,747	23,776,747	28,205,676	33,255,297	18,967,090	2,018,467
Total Liabilities	10,388,062	11,298,809	10,588,062	9,417,756	2,206,132	18,501,699	1,831,977	2,225,975	1,821,142	2,398,167	1,347,681	1,613,701	913,934	1,387,485	1,387,485	945,749	1,275,492	1,045,389	2,090,755
Shares Outstanding	14,423,281	13,608,281	7,974,380	7,039,266	1,751,906	199,110	2,702	2,702	1,887	1,097	557	453	451	33,684,864	450	449	448	412	352
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
Weighted Avg Shares Diluted	11,008,586	7,853,434	7,039,266	2,017,228	1,150,882	13,221	13,293	9,526	14,118	726	3,307	3,266	2,512	34,947,710	448	2,467	409	358	13
Weighted Avg Shares Basic	11,008,586	7,853,434	7,039,266	2,017,228	1,150,882	13,221	13,293	9,526	14,118	726	3,307	3,266	2,512	34,947,710	448	2,467	409	358	13
Net Share Count Change (Normalized)	70.7%	13.3%	0.0%	301.8%	779.9%	7268.7%	14.5%	100.1%	36.6%	84.0%	4.1%	0.3%	0.1%	0.0%	0.0%	0.3%	Insufficient evidence	Insufficient evidence	Insufficient evidence
Ownership Claim Change (Normalized)	-41.4%	-11.7%	0.0%	-75.1%	-88.6%	-98.6%	-12.7%	-50.0%	-26.8%	-45.6%	-3.9%	-0.3%	-0.1%	-0.0%	-0.0%	-0.3%	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	49,927,772USD	us-gaap:AssetsCurrent	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001874097/companyfacts.json Data Vault \| sec/companyfacts/cik=0001874097/companyfacts.json
Total Liabilities	10,388,062USD	us-gaap:Liabilities	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001874097/companyfacts.json Data Vault \| sec/companyfacts/cik=0001874097/companyfacts.json
Cash	5,131,502USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001874097/companyfacts.json Data Vault \| sec/companyfacts/cik=0001874097/companyfacts.json
Shares Outstanding	14,423,281	dei:EntityCommonStockSharesOutstanding	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001874097/companyfacts.json Data Vault \| sec/companyfacts/cik=0001874097/companyfacts.json
NCAV	39,539,710USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	2.74USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	61.8%	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: 0001874097
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001874097/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001874097/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 20
Imported At: 2026-08-15T12:51:50+00:00
Rendered At: 2026-08-16T03:30:06+00:00

Run Audit

Mary Run: 63eb9cbe01c34796bb5a9e8d156e6111
Mary As Of: 2026-08-15
Accession: 0001213900-26-056821
CIK: 0001874097
Mary Filing Date: 2026-05-14
Filing Currency: USD
Internal Discount: 61.8%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=63eb9cbe01c34796bb5a9e8d156e6111; mary_as_of=2026-08-15; mary_filing_date=2026-05-14; mary_accession=0001213900-26-056821; mary_cik=0001874097; gnni_supporting_filing_date=2026-05-14; internal_discount=0.617974; 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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