INTEGRAL TECHNOLOGIES INC
Key Highlights
- Integral Technologies has not filed all required SEC reports over the past year, indicating a serious compliance issue.
- Several promissory notes have gone into default, making these debts 'due on demand' and creating significant financial risk.
- The company was incorporated in Nevada on February 12, 1996, with common stock par value of $0.001 per share and preferred stock.
Financial Analysis
INTEGRAL TECHNOLOGIES INC Annual Report - How They Did This Year
This review covers Integral Technologies, Inc.'s performance for the fiscal year ending June 30, 2025.
A Big Red Flag: Reporting Issues Integral Technologies has not filed all the reports required by the SEC over the past year. This is a serious compliance issue. For investors, this means there might be a lack of transparency or significant operational challenges that are preventing them from meeting their regulatory obligations. While they have submitted interactive data files, the failure to file all required reports is a major concern.
Financial Health: Trouble with Debt The company appears to be facing significant financial challenges, particularly with its debt. Several promissory notes have gone into default. This means Integral Technologies hasn't been able to pay them back on time, and now these debts are "due on demand." This is a very risky situation, as lenders could demand immediate repayment, putting immense pressure on the company's cash flow.
- Notes defaulted as of August 23, 2024.
- Notes defaulted as of June 30, 2025.
- Notes defaulted as of June 30, 2024.
- Another note defaulted as of August 18, 2025.
The company has been trying to manage its debt, including converting some older debt into new promissory notes with entities like SBI Investments LLC and JMJ Financial. However, the fact that multiple notes are still defaulting suggests these efforts haven't fully resolved their financial strain.
Company Structure & Other Details Integral Technologies, Inc. was incorporated in Nevada on February 12, 1996. Its common stock has a par value of $0.001 per share. The company also has different types of preferred stock, specifically Series B and Series C.
There is a mention of an "Asset Purchase Agreement" with a company called "Pivotal," which might indicate some business dealings or restructuring. They also refer to segments like "Bring Reporting Current Segment" and "Pivotal Segment." The company is not considered a "well-known seasoned issuer."
What This Means for Investors: The most pressing concerns for Integral Technologies are its inability to meet SEC reporting requirements and the multiple defaulted debts. These are major indicators of financial instability and high risk. Investors should be very cautious and seek more information about how the company plans to address these critical issues.
Risk Factors
- Failure to meet SEC reporting obligations suggests a lack of transparency or significant operational challenges.
- Multiple defaulted debts pose an immediate threat to cash flow as lenders could demand immediate repayment.
- Ongoing financial strain despite efforts to convert older debt indicates unresolved financial challenges.
Why This Matters
This annual report from Integral Technologies, Inc. is critical for investors due to two major red flags signaling severe financial distress and operational instability. Firstly, the company's failure to file all required SEC reports over the past year is a serious compliance breach. This lack of transparency can indicate significant underlying operational challenges or a deliberate attempt to withhold information, making it impossible for investors to make informed decisions. It also exposes the company to potential regulatory penalties.
Secondly, the widespread default on multiple promissory notes is an immediate and grave concern. When debts become "due on demand," lenders can legally require immediate repayment, which can quickly deplete a company's cash reserves and force it into bankruptcy. Despite attempts to restructure debt, the continued defaults suggest these efforts are insufficient. For investors, this means their capital is at extremely high risk, as the company's ability to continue as a going concern is severely jeopardized by its inability to manage its financial obligations.
What Usually Happens Next
Given the severe issues highlighted in this report, investors should brace for several potential developments. Regarding the SEC non-compliance, the company could face formal investigations, fines, or even delisting from public exchanges if it fails to become current with its filings. Investors should closely monitor any announcements regarding efforts to catch up on overdue reports and the outcomes of any regulatory inquiries.
On the financial front, the immediate concern is the "due on demand" status of its defaulted debts. This could lead to aggressive collection efforts from creditors, potentially forcing Integral Technologies into further debt restructuring, asset sales, or even bankruptcy proceedings. Investors should watch for any news on new financing, asset divestitures, or legal actions initiated by creditors. Any updates on the "Asset Purchase Agreement" with "Pivotal" or the "Pivotal Segment" could also indicate strategic shifts or attempts to generate liquidity. The next crucial milestones will be any subsequent financial filings that provide clarity on debt resolution and compliance efforts.
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Document Information
SEC Filing
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December 23, 2025 at 03:54 AM
This AI-generated analysis is for informational purposes only and does not constitute financial or investment advice. Always consult with qualified professionals and conduct your own research before making investment decisions.