Organization and Nature of Operations

12 Months Ended

Dec. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Note 1 - Organization and Nature of Operations

Organization and Nature of Operations

Greenway Technologies, Inc. (collectively, “we,” “us,” “our” or the “Company”), through its wholly owned subsidiary, Greenway Innovative Energy, Inc., is primarily engaged in the research, development and commercialization of a proprietary Gas-to-Liquids (GTL) syngas conversion system that can be economically scaled to meet individual natural gas field/resource requirements. The Company’s proprietary and patented technology has been realized in Greenway’s first generation commercial-scale G-ReformerTM unit (“G-Reformer”), a unique and critical component of the Company’s overall GTL technology solution. Greenway’s objective is to become a material direct and licensed producer of renewable GTL synthesized diesel and jet fuels, with a near term focus on U.S. market opportunities.

Both of the Company’s wholly-owned subsidiaries: Universal Media Corp and Logistix Technology Systems, Inc. are currently inactive.

Liquidity, Going Concern and Management’s Plans

These consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business.

As reflected in the accompanying consolidated financial statements, for the year ended December 31, 2025, the Company had:

●	An accumulated deficit of $41,330,906
●	A working capital deficit of $14,084,783
●	Cash of $850

For the year ended December 31, 2025, the Company incurred a net loss of $1,957,734 and used $710,289 in cash from operating activities.

These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year from the date the financial statements are issued.

Management’s plans these conditions include:

●

Raising additional capital through equity or debt offerings

●

Pursuing strategic partnerships and licensing arrangements

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Continuing cost control measures

There can be no assurance that these plans will be successfully implemented. Accordingly, substantial doubt about the Company’s ability to continue as a going concern persists.

The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

GREENWAY TECHNOLOGIES, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024

GREENWAY TECHNOLOGIES, INC. & SUBSIDIARIES 10-K