v0.8 prototype. Quantitative ASC 205-40 screen with weighted scoring. Final going concern conclusions require management judgment + auditor concurrence.
ASC 205-40 + PCAOB AS 2415 CITED · SCORED 0-100
Going Concern Risk Calculator
12-month look-forward liquidity assessment. Inputs: cash + credit + burn + debt + covenant cushion + qualitative red flags. Output: classification (No SD / Doubt / Substantial Doubt), a weighted 0-100 liquidity resilience score with grade band, tailored findings, and a full disclosure and remediation report.
Liquidity inputs
12-month look-forward window per ASC 205-40-50-1
This matters most: Under ASC 205-40-50-1, management measures the one-year window from the date the financial statements are issued (or are available to be issued) — not from the balance-sheet date. The auditor's separate evaluation under PCAOB AS 2415 runs one year from the balance-sheet date. In a tight-liquidity quarter these two dates diverge and can change the conclusion. Enter cash, burn, and maturities as of your expected issuance date, not the period-end date.
Including restricted cash available for operations
Committed, no MAC clauses tripped
Trailing 3-month average operating outflow
Signed term sheets, board-approved raises, remaining ATM capacity
Working capital and debt
Debt maturity within look-forward window + covenant headroom
Including convertible notes maturing, balloon payments
Headroom on tightest covenant; 0 if breached or no debt
Qualitative red flags
Conditions auditors weigh under PCAOB AS 2415.06
Keep this. Track it every quarter.
Want this saved, connected to your data, and tracked quarter over quarter? That is the premium version, inside Unfolding Equity, one flat $720/month for the whole company. This free tool stays fully usable, always.
Honest limits: This tool applies the quantitative ASC 205-40 framework only. Actual conclusions require probability-weighted cash flow scenarios (base/upside/downside), management plan effectiveness assessment under the "probable" threshold, subsequent event analysis, board approval, written technical memo, and auditor concurrence. Mitigating plans like signed term sheets or covenant waivers materially change the outcome and cannot be detected by a calculator. Use as a screen, not as the formal evaluation. For hands-on support on going concern memos: Reach out.