O
OLENOX INDUSTRIES INC.
OLOXCIK 0001023994NasdaqNon-AcceleratedSmaller ReportingWholesale-Lumber & Other Construction MaterialsDelawareFY ends Dec 31
Period
FY 2025
Revenue
$2.95M
Net Income
$-18.82M
Total Assets
$36.04M
Equity
$7.59M
Shares Out
1.30M
Op. Cash Flow
$-7.84M
Business
Olenox Industries Inc. designs, manufactures and sells modular structures built from recycled shipping containers and purpose-built steel/wood modules for residential, commercial and industrial applications. The company offers three core product tiers: structural container cores, partially finished modules, and fully finished turnkey buildings. Operating through four reportable segments—manufacturing for construction, technology, oil and gas, and environmental services—it serves architects, builders, developers and government agencies across North America, with particular focus on military, education, healthcare and quick-service restaurant markets.
Summary from 10-K filed 2026-06-30
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues, net | 3 | 5 | 17 | 24 | 38 | |
| Cost of revenues | 7 | 5 | 19 | 21 | 36 | |
| Gross loss | −4 | −244,077 | −3 | 3 | 2 | |
| Payroll and related expenses | 3 | 4 | — | 6 | 4 | |
| General and administrative expenses | 7 | 3 | 7 | 4 | — | |
| Impairment loss | 0 | 2 | — | — | — | |
| Marketing and business development expense | 384,602 | 355,924 | — | — | — | |
| Total operating expenses | 10 | 9 | 19 | 10 | 8 | |
| Loss from operations | −14 | −10 | −22 | −7 | −6 | |
| Interest expense | −3 | −3 | −1 | — | — | |
| Loss on debt extinguishment | −5 | — | — | — | — | |
| Legal settlement | 2 | — | — | — | — | |
| Loss on disposition of equity-based investment | — | −320,408 | — | — | — | |
| Change in fair value of equity-based investment | — | −7 | — | — | — | |
| Change in fair value of derivatives | 3 | — | — | — | — | |
| Loss on initial recognition of derivatives | −4 | — | — | — | — | |
| Gain on settlement of derivatives | 2 | — | — | — | — | |
| Other income | 284,770 | 106,043 | — | 428,411 | 62,602 | |
| Total other expense | −5 | −10 | −808,157 | 140,728 | 74,478 | |
| Loss before income taxes | −19 | −20 | −23 | −7 | −6 | |
| Provision for income taxes | — | — | — | — | — | |
| Loss from continuing operations | −19 | −20 | −23 | — | — | |
| Income (loss) from discontinued operations | — | 3 | — | — | — | |
| Net loss | −19 | −17 | −26 | −8 | −11 | |
| Common stock deemed dividend reduction in conversion rate | — | −475,713 | — | — | — | |
| Common stock deemed dividend inducement | — | −5 | — | — | — | |
| Net loss attributable to common stockholders | −19 | −23 | −26 | — | — | |
| Basic loss from continuing operations (in Dollars per share) | −165.22 | −7,541 | −29.21 | — | — | |
| Diluted loss from continuing operations (in Dollars per share) | −165.22 | −7,541 | −29.21 | — | — | |
| Basic discontinued operations (in Dollars per share) | — | 800.68 | −4.82 | — | — | |
| Diluted discontinued operations (in Dollars per share) | — | 800.68 | −4.82 | — | — | |
| Basic net loss per share (in Dollars per share) | −165.22 | −6,741 | −34.03 | −12.48 | −1.16 | |
| Diluted net loss per share (in Dollars per share) | −165.22 | −6,741 | −34.03 | −12.48 | −1.16 | |
| Basic (in Shares) | 113,908 | 3,353 | 772,261 | 666,605 | 9 | |
| Diluted (in Shares) | 113,908 | 3,353 | 772,261 | 666,605 | 9 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-01-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 427,866 | — | 375,873 | 14,212 | — | |
| Accounts receivable, net | 317,242 | — | 105,479 | 182,753 | 1 | |
| Contract assets | — | — | 2,536 | 10,745 | 36,384 | |
| Inventories | 329,978 | — | 471,468 | 156,512 | 465,560 | |
| Prepaid expenses and other current assets | 383,439 | — | 204,596 | 340,790 | 744,211 | |
| Total current assets | 1 | — | 1 | 5 | 8 | |
| Oil and gas assets, full cost accounting, net | 4 | — | — | — | — | |
| Property, plant and equipment, net | 5 | — | 4 | 4 | 6 | |
| Project development costs and other non-current assets | 349,348 | — | 196,432 | — | — | |
| Right-of-use asset, net | 309,013 | — | — | 2 | 4 | |
| Intangible assets, net | 6 | — | 11,658 | 1,406 | 2 | |
| Goodwill | 17 | — | — | — | 1 | |
| Certificate of deposit, restricted | 2 | — | — | — | — | |
| Investment in and advances to equity affiliates | — | — | 738,056 | — | 4 | |
| Total non-current assets | 35 | — | 5 | — | — | |
| Total Assets | 36 | — | 6 | 17 | 27 | |
| Accounts payable and accrued expenses | 12 | — | 9 | 9 | 4 | |
| Contract liabilities and deferred revenue | 924,076 | — | 596,082 | 1 | 437,271 | |
| Lease liability, current maturities | 138,217 | — | 66,821 | 856,088 | 1 | |
| Due to affiliates | 1 | — | 2 | — | — | |
| Line of credit | 2 | — | — | — | — | |
| Derivative liabilities | 70,802 | — | — | — | — | |
| Convertible notes payable | 1 | — | — | — | — | |
| Current portion of long-term notes payable | 5 | — | — | — | — | |
| Short term notes payable, net | 3 | — | 2 | — | — | |
| Total current liabilities | 26 | — | 14 | 21 | 8 | |
| Long-term notes payable, net of current portion | 610,336 | — | 5 | — | — | |
| Lease liability, net of current maturities | 179,649 | — | — | 549,290 | 3 | |
| Asset retirement obligations | 2 | — | — | — | — | |
| Total liabilities | 28 | — | 19 | 24 | 12 | |
| Commitments and contingencies (Note 21) | — | — | — | — | — | |
| Common stock, $0.01 par value, 3,000,000,000 shares authorized; 646,797 issued and 646,792 outstanding as of December 31, 2025 and 9,435 issued and 9,430 outstanding as of December 31, 2024. | 6,467 | — | 93 | 8,814 | 6,307 | |
| Additional paid in capital | 121 | 1 | 86 | 69 | 56 | |
| Treasury stock, at cost 5 shares as of December 31, 2025 and 2024 | −92,396 | — | −92,396 | −92,396 | −49,680 | |
| Accumulated deficit | −117 | — | −99 | −76 | −41 | |
| Total stockholders equity (deficit) | 8 | — | −12 | −7 | 15 | |
| Total Liabilities and Stockholders Equity (Deficit) | 36 | — | 6 | 17 | 27 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Income (loss) from discontinued operations | — | 3 | −4 | — | — | |
| Depreciation, depletion and amortization | 470,794 | 513,125 | — | — | — | |
| Direct write off of project development costs | — | 266,129 | — | — | — | |
| Accretion of asset retirement obligations | 70,745 | — | — | — | — | |
| Short-term notes payable offset against expenses | −44,997 | — | — | — | — | |
| Proceeds from legal settlement | 975,784 | — | — | — | — | |
| Change in right of use asset and lease liability | −57,968 | — | — | — | — | |
| Amortization of intangible assets | 365,702 | 13,668 | 187,640 | 164,092 | 165,877 | |
| Full cost ceiling write-down | 2 | — | 3 | — | — | |
| Impairment loss | — | 2 | — | — | — | |
| Amortization of deferred license costs | — | 30,589 | — | — | — | |
| Amortization of debt issuance costs | 2 | 2 | 990,043 | 23,726 | — | |
| Amortization of right-of-use asset, finance lease | — | 971,833 | 2 | 691,227 | — | |
| Gain on deconsolidation SG DevCorp | — | −5 | — | — | — | |
| Loss on disposition of equity-based investment | — | 320,408 | — | — | — | |
| Change in fair value of equity-based investment | — | 7 | — | — | — | |
| Stock-based compensation | 434,665 | 1 | 653,575 | 3 | 2 | |
| Accounts receivable | 151,537 | 77,274 | 606,315 | 553,132 | −449,240 | |
| Contract assets | 2,536 | 8,209 | 25,639 | 5,532 | 1 | |
| Inventories | 196,778 | −314,956 | 309,048 | 808,265 | −495,681 | |
| Intangible assets | — | −23,921 | — | 1,139 | — | |
| Prepaid expenses and other current assets | −141,591 | 136,194 | 378,382 | −87,932 | −61,778 | |
| Other assets | 144,312 | — | — | — | — | |
| Accounts payable and accrued expenses | 409,027 | 748,670 | 6 | −4 | 4 | |
| Contract liabilities | −1,637 | −770,916 | 929,727 | −1 | −337,161 | |
| Lease liability | — | −1 | — | — | — | |
| Net cash used in operating activities by continuing operations | −8 | −9 | −7 | — | — | |
| Net cash provided from operating activities by discontinued operations | — | −2 | 70,665 | — | — | |
| Cash paid for acquisitions, net of cash received | −978,003 | — | — | — | — | |
| Acquisition of certificate of deposit, restricted | −2 | — | — | — | — | |
| Acquisition of oil and gas assets | −571,000 | — | — | — | — | |
| Purchase of property, plant and equipment | −548,453 | −90,374 | — | — | — | |
| Cash received from sale of equity-based investment | — | 125,000 | — | — | — | |
| Project development costs | — | −76,428 | −111,175 | −426,194 | −630,470 | |
| Net cash provided by (used in) investing activities by continuing operations | −4 | 111,054 | −782,998 | — | — | |
| Net cash used in investing activities by discontinued operations | — | −104,352 | −81,819 | — | — | |
| Proceeds from short-term note payable | 5,705 | 7 | 3 | 500,000 | 2 | |
| Payment of short-term notes payable | −805,753 | −6 | — | — | — | |
| Proceeds from convertible notes payable | 2 | — | — | — | — | |
| Repayment of convertible notes payable | −498,261 | — | — | — | — | |
| Proceeds from line of credit | 2 | — | — | — | — | |
| Proceeds from due to affiliates | 76,435 | — | — | — | — | |
| Prefunded warrant exercise | — | 125 | — | — | — | |
| Proceeds from warrant inducement | 910 | 3 | — | — | — | |
| Issuance of common stock under EP agreement | — | 28,867 | 394,735 | — | — | |
| Issuance of common stock for cash | 7 | 4 | — | — | — | |
| Issuance of preferred stock for cash | 3 | — | — | — | — | |
| Net cash provided by financing activities by continuing operations | 12 | 8 | 3 | — | — | |
| Net cash provided by financing activities by discontinued operations | — | 4 | 4 | — | — | |
| Net (decrease) increase in cash and cash equivalents | 51,993 | 361,661 | — | — | — | |
| Cash paid during the year for interest | 887,847 | 2 | 2 | 271,744 | 562 | |
| Cash paid during the year for income taxes | — | — | — | — | — | |
| Cash | — | 567,473 | — | — | — | |
| Assets held for sale | — | 4 | — | — | — | |
| Prepaid expenses and other current assets | — | 429,331 | — | — | — | |
| Property and equipment, net | — | 1 | — | — | — | |
| Project development costs and other assets | — | 91,490 | — | — | — | |
| Goodwill | — | 2 | — | — | — | |
| Intangible assets | — | 138,678 | — | — | — | |
| Investments in equity-based investments | — | 4 | — | — | — | |
| Accounts payable and accrued expenses | — | 2 | — | — | — | |
| Contingent consideration payable | — | 945,000 | — | — | — | |
| Series A Preferred Stock issued for NAHD Acquisition | 19 | — | — | — | — | |
| Conversion of Series A Preferred | 151,360 | — | — | — | — | |
| Common stock issued for Giant Container acquisition | 518,150 | — | — | — | — | |
| Promissory note issued for Giant Container acquisition | 1 | — | — | — | — | |
| Derecognition of SG Devco interests | 2 | — | — | — | — | |
| Recognition of operating lease | 348,822 | — | — | — | — | |
| Debt discounts recognized | 1 | — | — | — | — | |
| Refinance and settlement of convertible notes payable | 271,739 | — | — | — | — | |
| Settlement of short-term note payable | 67,253 | — | — | — | — | |
| Settlement of convertible notes payable | 575,000 | — | — | — | — | |
| Conversion of convertible notes payable | 625,000 | — | — | — | — | |
| Common stock issued to settle due to affiliates | 1 | — | — | — | — | |
| Common stock issued to settle accounts payable | 149,545 | — | — | — | — | |
| Recognition of asset retirement obligations | 2 | — | — | — | — | |
| Long-term notes reclassified to short-term notes payable | 978,003 | — | — | — | — | |
| Conversion of Series B Preferred stock to common stock | 57,916 | — | — | — | — | |
| Short-term notes payable | — | 6 | — | — | — | |
| Cashless warrant exercise | 60,000 | 114 | 137 | — | — | |
| Recognition of right of use asset and lease liability | 348,822 | — | — | — | — | |
| Fractional common share adjustment | — | 1 | — | — | — | |
| Common stock deemed dividend - inducement | — | 475,713 | — | — | — | |
| Common stock deemed dividend - inducement1 | — | 5 | — | — | — | |
| Conversion of short-term notes payable and accrued interest to common stock | — | 802,086 | — | — | — | |
| Fair value of warrants issued with debt | — | 251,361 | — | — | — | |
| Common stock issuance for accounts payable settlement | — | 1 | — | — | — | |
| Additions of property for debt | — | — | — | — | — | |
| Restricted stock units issued | — | — | 1,510 | — | — | |
| SG DevCorp Distribution | — | — | — | — | — | |
| SG DevCorp. Transactions | — | — | — | — | — | |
| Peak Stock and Warrants Issuances | — | — | — | — | — |
Filings
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Frequently asked questions
What is OLENOX INDUSTRIES INC.'s CIK number?
OLENOX INDUSTRIES INC.'s SEC CIK number is 0001023994 (1023994). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find OLENOX INDUSTRIES INC.'s SEC filings?
All of OLENOX INDUSTRIES INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.