I-ON Digital Corp.
IONIOTCFinancials · Finance Services · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $433,012 | $32,625 | $97,875 | $0 | $0 | $10.5M |
| Operating income | −$2.8M | −$1.3M | −$705,529 | $0 | $0 | $1.7M |
| Net income | −$2.9M | −$1.9M | −$805,138 | −$27,625 | $2.0M | $1.6M |
| Total assets | $18.3M | $18.4M | $18.5M | $0 | $14.4M | $13.2M |
| Total liabilities | $4.1M | $2.6M | $853,808 | $0 | $3.5M | $3.9M |
| Equity | $14.3M | $15.8M | $17.7M | $0 | $10.0M | $8.8M |
| EPS (diluted) | $-0.09 | $-0.07 | $-0.03 | — | $0.06 | $0.05 |
| Shares out. | 31.1M | 27.4M | 21.0M | 35.0M | 35.0M | 35.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −638.7%
- Net margin
- −666.0%
- Return on equity
- −20.2%
- Return on assets
- −15.7%
- Return on capital (ROCE)
- −19.4%
- Liabilities / assets
- 22.1%
- Debt / equity
- 0.28×
- Book value / share
- $0.46
- Revenue growth (YoY)
- 1227.2%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -0.15distress
- Accruals / assets
- −10.3%clean
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 3 warning● 3 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 15, 2026
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2026
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2025
- NT 10-Qmissed a reporting deadline ↗May 15, 2024
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2024
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2023
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Montoya Carlos X.Activist (13D)Apr 14, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 1,600 | 1.0 | +100.0% |
| Apr 15, 2026 | 200 | 1.0 | -46.7% |
| Mar 31, 2026 | 375 | 1.0 | +100.0% |
| Feb 27, 2026 | 238 | 1.0 | +100.0% |
| Dec 15, 2025 | 85 | 1.0 | -93.4% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 21, 2026
- Entered a material agreement · Unregistered equity saleFeb 23, 2026
- Other material eventDec 3, 2025
- Other material eventSep 26, 2025
- Director / officer changeSep 3, 2025
- Director / officer change · Other material eventMay 2, 2025
- Other material eventApr 14, 2025
- Modified shareholder rights · Amended charter or bylawsMar 10, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (4)
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