Lucide Ledger

A filing-first public record from Lucide House.

Issue 015 | U.S. Pilot | US

GNTA

Genenta Science S.p.A.

Screen state: Needs Review Source state: Stale Filing 20-F | 2026-04-01 Filing currency: EUR
Open Filing Back to Register Report a correction
Internal NCAV Discount 35.0%

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

Current Assets
29,979,552EUR
Total Liabilities
10,048,670EUR
NCAV
22,288,317EUR
Cash
5,527,672EUR
NCAV per share
0.60EUR/share
Evidence
5 annual | 9 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
4
Unavailable
3
Requires inspection Material 1Y Share Increase 23,432,183
Latest
23,432,1832025-12-31
Comparison
18,289,8662024-12-31
Change
+28.1%

Basis: 1Y share change >= +2% using the same share-count source

Source periods: SEC 20-F 2025-12-31 · 0001493152-26-014387; REPORTED_FILING 20-F 2024-12-31

Requires inspection Negative OCF -6,867,959
Latest
-6,867,9592025-12-31
Comparison
n/a
Change
n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 20-F 2025-12-31 · 0001493152-26-014387

Supporting observation NCAV Growing 19,930,882
Latest
19,930,8822025-12-31
Comparison
12,144,6902024-12-31
Change
+64.1%

Basis: equivalent prior-year NCAV change >= +2%; both NCAV values must be positive

Source periods: SEC 20-F 2025-12-31 · 0001493152-26-014387; REPORTED_FILING 20-F 2024-12-31

Supporting observation Current Ratio > 1.5 14.16
Latest
14.162025-12-31
Comparison
1.5
Change
n/a

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

Source periods: SEC 20-F 2025-12-31 · 0001493152-26-014387

3 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%
Non-Positive Equity ordinary shareholders equity <= 0

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 0001641172-25-001207 2025-03-28 20-F Missing Source Data Vault | sec/cleaned/cik=0001838716/accession=0001641172-25-001207/parser=html-cleaner-v1/full.txt
Share Count & Per-Share Comparability

Data Vault has not published the normalized share-count artifact for this company.

Known Unknowns

Only 9 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.

Medium | Filing

Some rows are based on older filing data and require manual freshness review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric
2025-12-31
20-F
EUR
2024-12-31
20-F
EUR
2023-12-31
20-F
EUR
2022-12-31
20-F
EUR
2021-12-31
20-F
EUR
Revenue n/a n/a n/a n/a n/a
Operating Income -6,603,740 -9,764,310 -11,732,942 -11,043,992 -5,687,273
Net Income -6,529,827 -8,912,495 -11,645,455 -8,477,763 -5,529,332
Cash From Operations -6,867,959 -6,240,174 -11,205,023 -7,418,236 -6,958,174
Capex -7,625 -4,468 -13,791 -27,070 -9,009
Free Cash Flow -6,875,584 -6,244,642 -11,218,814 -7,445,306 -6,967,183
Cash And Equivalents 5,527,672 4,581,749 3,691,420 29,794,856 37,240,162
Accounts Receivable n/a n/a n/a n/a n/a
Inventory n/a n/a n/a n/a n/a
Total Current Assets 29,979,552 14,472,977 21,256,258 31,721,368 38,759,185
Total Assets 31,889,310 14,823,993 22,347,145 33,437,860 40,026,840
Total Current Liabilities 2,117,885 2,099,362 1,735,639 2,183,513 1,135,039
Total Liabilities 10,048,670 2,328,287 1,914,888 2,299,694 1,165,657
Shareholders Equity 21,840,640 12,495,706 20,432,257 31,138,166 38,861,183
Shares Outstanding 23,432,183 18,289,866 18,216,958 18,216,858 18,216,858
Shares Outstanding Diluted n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 19,710,187 18,273,490 18,216,907 18,216,858 15,083,825
Weighted Avg Shares Basic 19,710,187 18,273,490 18,216,907 18,216,858 15,083,825
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Ownership Claim Change (Normalized) 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.

Only 9 quarterly periods available from Data Vault for this company.

Metric
2025-06-30
6-K
EUR
2024-12-31
6-K
EUR
2024-06-30
6-K
EUR
2023-12-31
6-K
EUR
2023-06-30
6-K
EUR
2022-12-31
6-K
EUR
2022-06-30
6-K
EUR
2021-12-31
6-K
EUR
2021-06-30
6-K
EUR
Revenue n/a n/a n/a n/a n/a n/a n/a n/a n/a
Operating Income -3,383,093 -9,764,310 -4,518,368 -11,732,942 -6,800,175 -11,043,992 -4,154,137 -5,687,273 -4,041,470
Net Income -3,826,585 -4,873,989 -4,038,506 -4,886,230 -6,759,225 -6,365,442 -2,112,321 -5,529,332 -4,047,902
Cash From Operations -5,515,084 -6,240,174 -2,058,174 -11,205,023 -7,580,129 -7,418,236 -2,566,193 -6,958,174 -4,690,869
Capex -7,625 -4,468 -1,869 -13,791 -12,437 -27,070 -2,813 -9,009 -3,727
Free Cash Flow -5,522,709 -6,244,642 -2,060,043 -11,218,814 -7,592,566 -7,445,306 -2,569,006 -6,967,183 -4,694,596
Cash And Equivalents 5,176,632 4,581,749 6,187,966 3,691,420 12,213,260 29,794,856 34,671,156 37,240,162 n/a
Total Current Assets 20,995,066 14,472,977 18,569,473 21,256,258 24,516,040 31,721,368 37,408,264 38,759,185 n/a
Total Liabilities 9,439,716 2,328,287 2,200,172 1,914,888 1,921,965 2,299,694 1,288,637 1,165,657 n/a
Shares Outstanding 19,146,468 18,289,866 18,289,866 18,216,958 18,216,858 18,216,858 18,216,858 18,216,858 n/a
Shares Outstanding Diluted n/a n/a n/a n/a n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 18,767,859 18,273,490 18,256,622 18,216,907 18,216,858 18,216,858 18,216,858 15,083,825 14,772,610
Weighted Avg Shares Basic 18,767,859 18,273,490 18,256,622 18,216,907 18,216,858 18,216,858 18,216,858 15,083,825 14,772,610
Net Share Count Change (Normalized) 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
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 20,995,066EUR us-gaap:AssetsCurrent 2025-06-30 1.00 Data Vault | sec/companyfacts/cik=0001838716/companyfacts.json
Data Vault | sec/companyfacts/cik=0001838716/companyfacts.json
Total Liabilities 9,439,716EUR derived 2025-06-30 1.00 n/a
Cash 5,176,632EUR us-gaap:CashAndCashEquivalentsAtCarryingValue 2025-06-30 1.00 Data Vault | sec/companyfacts/cik=0001838716/companyfacts.json
Data Vault | sec/companyfacts/cik=0001838716/companyfacts.json
Shares Outstanding 19,146,468 us-gaap:CommonStockSharesOutstanding 2025-06-30 1.00 Data Vault | sec/companyfacts/cik=0001838716/companyfacts.json
Data Vault | sec/companyfacts/cik=0001838716/companyfacts.json
NCAV 11,555,350EUR derived 2025-06-30 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 0.60EUR derived 2025-06-30 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 35.0% derived 2025-06-30 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
0001838716
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0001838716/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0001838716/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
8
Imported At
2026-11-01T11:34:07+00:00
Rendered At
2026-11-01T14:57:29+00:00

Run Audit

Mary Run
96f10914845d4a63bf1f2ca5985451b2
Mary As Of
2026-10-30
Accession
0001493152-26-014387
CIK
0001838716
Mary Filing Date
2026-04-01
Filing Currency
EUR
Internal Discount
35.0%
Source State
Stale Filing
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=96f10914845d4a63bf1f2ca5985451b2; mary_as_of=2026-10-30; mary_filing_date=2026-04-01; mary_accession=0001493152-26-014387; mary_cik=0001838716; gnni_supporting_filing_date=2026-04-01; internal_discount=0.350283; 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.; source requires review

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