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IMNNImunon, Inc.

Is Imunon struggling financially?

Yes, by its own account. Imunon told the SEC on 12 May 2026, in Form 10-Q, that there is substantial doubt about its ability to continue as a going concern.

Going concern disclosed May 2026

15/100

Critical

Sector
Biotech/Pharma
Market cap
$9.2M
Source filing
10-Q 12 May 2026
Balance sheet
30 Jun 2026

Cash runway

  • 4months

    If the burn speeds up

    Empty by Oct 2026

  • 7months

    If it eases off

    Empty by Jan 2027

Both rows are the same reported burn flexed 15% either way, and neither assumes the company raises a cent.

Out of cashTwo years or more

The runway math

Cash and short-term investments

$6.9M

÷

Cash burned over the last 12 months

$14.2M

What Imunon told the SEC

…in these efforts, the Company’s current capital is not expected to be sufficient to fund operations for the next twelve months. Such conditions raise substantial doubts about the Company’s ability to continue as a going concern. Based on the above, management has determined there is substantial doubt regarding our ability to continue as a going concern. The report of our independent registered public…

Imunon, Inc., Form 10-Q, filed 12 May 2026.

Read the filing on SEC.gov

What this means

  • Not a bankruptcy filing, and not a prediction.
  • It is the company’s own statement, agreed with its auditor, that the doubt is material enough to disclose.
  • The runway is arithmetic on two reported numbers, not a forecast. Companies carry this language for years, raise money and keep going.

What else the numbers show

  • 356.5% share-count increase The company issued stock. Each share now owns 78.1% less of the business than a year ago, before any change in the price.
  • Cash burn is narrowing It is spending 49% less cash per year than it was, so the runway above is lengthening rather than shortening.

Other Biotech/Pharma companies that filed the doubt