HDRN: Noncash gains drove 9M income as licensing and commercialization remain ahead

Q3 operating loss was $5.967 million, while 9M net income was driven by noncash fair-value gains. Cash reached $19.667 million after the business combination; commercialization remains contingent on NRC licensing, with no revenue to date.

Original document: Hadron Energy, Inc. [HDRN] SEC 10-Q Quarterly Report — Nov. 9 2026