SOUTHLAKE, Texas, May 20, 2026 (GLOBE NEWSWIRE) -- American Fusion Inc. (OTC: AMFN) (“American Fusion” or the “Company”), a company developing advanced fusion energy technologies, including its Texatron™ Fusion Engine™ platform, today filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 with the U.S. Securities and Exchange Commission. This filing represents the Company’s f...
SOUTHLAKE, Texas, May 20, 2026 (GLOBE NEWSWIRE) -- American Fusion Inc. (OTC: AMFN) (“American Fusion” or the “Company”), a company developing advanced fusion energy technologies, including its Texatron™ Fusion Engine™ platform, today filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 with the U.S. Securities and Exchange Commission. This filing represents the Company’s first quarterly report reflecting the consolidated operations of American Fusion and Kepler Fusion Technologies following the closing of the previously announced reverse-merger share exchange on February 27, 2026. First Quarter 2026 Financial Highlights Selected financial information for the three months ended March 31, 2026, compared to the corresponding period in 2025 and balances at December 31, 2025 (audited), is summarized below. The following highlights are derived from, and should be read in conjunction with, the Company’s unaudited (reviewed) consolidated financial statements and Management’s Discussion and Analysis included in the Form 10-Q. Cash and cash equivalents of $99,594 at March 31, 2026, compared to $2,525 at December 31, 2025. Cash used in operating activities of $415,931 for the quarter, offset by $513,000 of cash provided by financing activities. Prepaid warrant facility funding of $513,000 during Q1 2026 under the Company’s Master Prepaid Common Stock Purchase Warrant Agreement, with approximately $793,000 funded to date under the facility and approximately $2,207,000 remaining available under the up-to-$3,000,000 commitment, subject to the applicable terms and conditions. Total operating expenses of $632,583 for Q1 2026, compared to $100,000 for Q1 2025. The increase was driven principally by professional fees, advertising and marketing expenses, patent activity, and other costs associated with operating as a public reporting company. Net loss of $669,750 for Q1 2026 compared to a net loss of $100,000 for Q1 2025. Total assets of $99,594 and total curr...