Xeriant Inc (OTCQB: XERI) is a materials and technology development company focused on advanced composite building materials and aerospace-adjacent technologies. The company's primary product in development is NEXBOARD, a nanotechnology-enhanced composite panel designed as a wood substitute for the construction industry, offering fire resistance, durability, and use of recycled materials. As of the 10-K filed October 2, 2025 (fiscal years ended June 30, 2025 and 2024), Xeriant has not generated sufficient revenues to cover operating costs and carries a going-concern qualification from its auditor, Astra Audit & Advisory. The company has no disclosed revenue model in commercial operation. It has filed a trademark application for NEXBOARD with the U.S. Patent and Trademark Office (August 12, 2022) and is pursuing product certification for the construction industry. Capital formation relies on equity issuances, convertible notes, and exploratory discussions around green bond financing. Two Senior Advisors specializing in nanomaterials were appointed in Q1 2025 to expand the company's advanced materials portfolio.

Revenue model

No commercial revenue model is operational as of the fiscal year ended June 30, 2025. The company is pre-revenue, funding operations through equity issuances, convertible notes, and stock issued for services. No product sales, licensing fees, or royalty income are disclosed in the filing excerpts.

Products and services

NEXBOARD: a nanotechnology-enhanced composite construction panel designed to replace wood, available in varying thicknesses and sizes including standard 48 x 96 inch sheets (trademark application filed August 12, 2022). The company also holds access to nanotechnologies targeting performance improvements in asphalt, concrete, plastic composites, fuel, and wildfire suppression, added through Senior Advisor appointments in Q1 2025. Aerospace-related technology development is referenced but no specific product is disclosed.

Customers and end markets

Target end market is the construction industry, specifically as a market for sustainable, fire-resistant wood substitute panels. Aerospace is referenced as a secondary end market interest. No customer contracts, customer counts, or revenue from customers are disclosed in the filing excerpts.

Value-chain role

Early-stage materials developer and technology licensor. NEXBOARD certification for construction use is in process as of the filing date. Manufacturing facilities have not been established; the company states it would need to raise significant capital to build its own facilities. An investment bank has been in discussions about green bond financing for manufacturing, but no engagement agreement has been signed.

Geographic exposure

United States. Legal proceedings are filed in U.S. federal courts (Southern District of New York, Second Circuit Court of Appeals). No international operations are disclosed.

Source: SEC 10-K, filed 2025-10-02

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