Issue 010 | U.S. Pilot | US

KTTA

Pasithea Therapeutics Corp.

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 74.2%

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

Current Assets: 52,731,456USD
Total Liabilities: 1,542,451USD
NCAV: 51,189,005USD
Cash: 50,400,377USD
NCAV per share: 1.39USD/share
Evidence: 6 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: 7

Requires inspection Negative OCF -4,787,220

Latest: -4,787,2202026-03-31
Comparison: n/a
Change: n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 10-Q 2026-03-31 · 0001213900-26-057837

Supporting observation Current Ratio > 1.5 35.4

Latest: 35.42026-03-31
Comparison: 1.5
Change: n/a

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

Source periods: SEC 10-Q 2026-03-31 · 0001213900-26-057837

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	0001213900-25-110093	2025-11-13	10-Q	Missing Source	Data Vault \| sec/cleaned/cik=0001841330/accession=0001213900-25-110093/parser=html-cleaner-v1/full.txt

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	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	n/a	n/a	n/a	n/a	486,559	15,062
Operating Income	-20,857,295	-14,249,962	-14,249,962	-15,979,361	-14,816,321	-4,507,413
Net Income	-20,427,683	-13,904,584	-13,904,584	-15,961,658	-13,936,452	-2,173,521
Cash From Operations	-15,211,490	-13,923,438	-13,923,438	-12,814,133	-14,561,921	-3,174,058
Capex	n/a	n/a	-34,301	-34,301	-374,889	-21,503
Free Cash Flow	n/a	n/a	-13,957,739	-12,848,434	-14,936,810	-3,195,561
Cash And Equivalents	55,158,939	6,922,729	6,922,729	16,331,052	33,146,895	52,966,706
Accounts Receivable	n/a	n/a	n/a	n/a	n/a	n/a
Inventory	n/a	n/a	n/a	n/a	n/a	n/a
Total Current Assets	56,459,084	7,368,315	7,368,315	16,692,154	34,076,693	53,300,457
Total Assets	60,240,070	16,064,719	16,064,719	26,116,858	45,180,089	53,320,581
Total Current Liabilities	4,973,961	1,119,871	1,119,871	2,634,040	1,877,634	447,280
Total Liabilities	5,020,832	1,282,043	1,282,043	2,718,406	2,681,841	1,900,080
Shareholders Equity	55,219,238	14,782,676	14,782,676	23,398,452	42,498,248	51,420,501
Shares Outstanding	24,939,948	1,394,263	2,705,263	1,042,415	108,861	95,243
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	7,031,050	1,096,082	1,096,082	1,226,600	105,216	43,353
Weighted Avg Shares Basic	7,031,050	1,096,082	1,096,082	1,226,600	105,216	43,353
Net Share Count Change (Normalized)	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence
Ownership Claim Change (Normalized)	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence

Quarterly Financials

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

Metric	2026-06-30 10-Q USD	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	2024-09-30 10-Q USD	2024-06-30 10-Q USD	2024-06-30 10-Q USD	2024-03-31 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	2021-09-30 10-Q USD	2021-09-30 10-Q USD
Revenue	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	13,658	240,712	218,608	13,581	13,658	n/a	n/a
Operating Income	-5,713,282	-4,876,644	-10,256,162	-10,256,162	-3,110,055	-3,810,899	-3,680,179	-3,259,550	-3,259,550	-3,004,604	-3,004,604	-3,945,034	-3,945,034	-4,040,774	-4,040,774	-5,148,782	-3,789,326	-3,828,701	-3,212,552	-5,080,877	-4,250,813	-3,080,094	-2,404,537	n/a	-1,273,600
Net Income	-5,273,852	-2,869,482	-10,110,868	-10,110,868	-3,037,420	-3,716,157	-3,563,238	-3,177,661	-3,177,661	-2,999,834	-2,999,834	-3,866,249	-3,866,249	-3,860,840	-3,860,840	-5,048,159	-3,612,590	-3,763,230	-3,537,679	-5,117,688	-4,586,130	-2,658,394	-1,574,240	n/a	-1,526,108
Cash From Operations	-4,707,516	-4,787,220	-5,396,822	-5,396,822	-2,890,025	-3,868,886	-3,055,757	-2,443,036	-2,443,036	-3,120,451	-3,120,451	-4,038,866	-4,038,866	-4,321,085	-4,321,085	-3,294,344	-3,237,845	-3,079,666	-3,202,278	-4,418,691	-5,238,722	-2,377,030	-2,527,478	n/a	n/a
Capex	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	22,659	n/a	-3,108	n/a	-53,888	36	22,659	-3,108	-53,888	-25,265	-197,447	-38,310	-113,867	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	-3,097,792	n/a	-4,041,974	n/a	-4,374,973	-3,294,308	-3,215,186	-3,082,774	-3,256,166	-4,443,956	-5,436,169	-2,415,340	-2,641,345	n/a	n/a
Cash And Equivalents	45,663,782	50,400,377	55,158,939	55,158,939	4,122,953	7,217,052	5,341,278	6,922,729	6,922,729	9,361,169	9,361,169	7,967,569	7,967,569	12,009,347	12,009,347	16,331,052	19,584,690	26,647,633	29,914,063	33,146,895	42,398,233	47,940,075	50,321,206	20,565,319	20,565,319
Total Current Assets	48,244,041	52,731,456	56,459,084	56,459,084	5,529,226	8,636,599	6,124,940	7,368,315	7,368,315	9,778,772	9,778,772	8,642,465	8,642,465	13,192,898	13,192,898	16,692,154	20,771,268	28,036,901	31,113,317	34,076,693	44,469,392	48,614,283	50,949,946	21,033,846	21,033,846
Total Liabilities	1,870,258	1,542,451	5,020,832	5,020,832	1,423,982	1,830,697	1,680,199	1,282,043	1,282,043	823,975	823,975	1,488,124	1,488,124	2,524,630	2,524,630	2,718,406	2,283,805	2,559,197	2,909,790	2,681,841	2,819,488	1,554,160	1,101,187	4,567,296	4,567,296
Shares Outstanding	33,414,448	33,414,448	23,091,062	24,939,948	7,443,577	7,443,577	7,443,577	1,394,263	2,705,263	1,044,914	1,266,427	1,044,081	1,044,081	1,043,248	1,043,248	1,042,415	86,819	108,931	108,861	108,861	121,870	111,245	97,033	13,208,371	55,035
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	32,100,063	24,337,812	7,031,050	12,708,279	7,443,577	5,641,251	2,211,207	1,096,082	1,253,237	1,044,144	1,044,144	1,043,312	1,043,312	1,042,479	1,042,479	1,226,600	104,837	108,867	108,638	116,406	110,620	97,684	95,868	8,956,197	37,317
Weighted Avg Shares Basic	32,100,063	24,337,812	7,031,050	12,708,279	7,443,577	5,641,251	2,211,207	1,096,082	1,253,237	1,044,144	1,044,144	1,043,312	1,043,312	1,042,479	1,042,479	1,226,600	104,837	108,867	108,638	116,406	110,620	97,684	95,868	8,956,197	37,317
Net Share Count Change (Normalized)	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
Ownership Claim Change (Normalized)	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

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	48,244,041USD	us-gaap:AssetsCurrent	2026-06-30	1.00	Data Vault \| sec/companyfacts/cik=0001841330/companyfacts.json Data Vault \| sec/companyfacts/cik=0001841330/companyfacts.json
Total Liabilities	1,870,258USD	us-gaap:Liabilities	2026-06-30	1.00	Data Vault \| sec/companyfacts/cik=0001841330/companyfacts.json Data Vault \| sec/companyfacts/cik=0001841330/companyfacts.json
Cash	45,663,782USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-06-30	1.00	Data Vault \| sec/companyfacts/cik=0001841330/companyfacts.json Data Vault \| sec/companyfacts/cik=0001841330/companyfacts.json
Shares Outstanding	33,414,448	dei:EntityCommonStockSharesOutstanding	2026-06-30	1.00	Data Vault \| sec/companyfacts/cik=0001841330/companyfacts.json Data Vault \| sec/companyfacts/cik=0001841330/companyfacts.json
NCAV	46,373,783USD	derived	2026-06-30	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	1.39USD	derived	2026-06-30	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	74.2%	derived	2026-06-30	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: 0001841330
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001841330/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001841330/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 21
Imported At: 2026-10-04T02:13:50+00:00
Rendered At: 2026-10-04T14:25:21+00:00

Run Audit

Mary Run: 47527d60587d401c89969c73d0370b43
Mary As Of: 2026-09-12
Accession: 0001213900-26-057837
CIK: 0001841330
Mary Filing Date: 2026-05-15
Filing Currency: USD
Internal Discount: 74.2%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=47527d60587d401c89969c73d0370b43; mary_as_of=2026-09-12; mary_filing_date=2026-05-15; mary_accession=0001213900-26-057837; mary_cik=0001841330; gnni_supporting_filing_date=2026-05-15; internal_discount=0.741777; 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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