PART I – FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements.) Presents unaudited condensed consolidated financial statements, noting significant customer concentration and substantial doubt about going concern due to recurring losses Condensed Consolidated Balance Sheet Highlights (Unaudited) | Balance Sheet Items | Sep 30, 2019 ($) | Dec 31, 2018 ($) | | :--- | :--- | :--- | | **Assets** | | | | Cash | $76,061 | $229,896 | | Total Current Assets | $588,145 | $406,316 | | Total Assets | $623,492 | $451,107 | | **Liabilities & Stockholders' Deficiency** | | | | Total Current Liabilities | $899,221 | $576,244 | | Total Stockholders' Deficiency | ($275,729) | ($125,137) | | Total Liabilities and Stockholders' Deficiency | $623,492 | $451,107 | Condensed Consolidated Statements of Operations (Unaudited) | Metric | Three Months Ended Sep 30, 2019 ($) | Three Months Ended Sep 30, 2018 ($) | Nine Months Ended Sep 30, 2019 ($) | Nine Months Ended Sep 30, 2018 ($) | | :--- | :--- | :--- | :--- | :--- | | Revenue | $526,722 | $482,798 | $777,984 | $881,929 | | Gross Profit | $417,671 | $407,414 | $578,866 | $623,128 | | Loss From Operations | ($267,281) | ($215,157) | ($1,453,578) | ($1,685,391) | | Net Loss | ($267,534) | ($191,251) | ($1,454,643) | ($1,661,718) | | Net Loss Per Share | ($0.00) | ($0.00) | ($0.02) | ($0.02) | Condensed Consolidated Statements of Cash Flows (Unaudited) | Cash Flow Activity | For the Nine Months Ended Sep 30, 2019 ($) | For the Nine Months Ended Sep 30, 2018 ($) | | :--- | :--- | :--- | | Net Cash Used In Operating Activities | ($1,206,135) | ($1,064,935) | | Net Cash Used In Investing Activities | $0 | ($15,476) | | Net Cash Provided By Financing Activities | $1,052,300 | $359,000 | | **Net Decrease In Cash** | **($153,835)** | **($721,411)** | | **Cash - End of Period** | **$76,061** | **$174,350** | - The company has not achieved profitability and expects continued cash outflows, raising **substantial doubt about its ability to continue as a going concern** as operations are funded month-to-month via private placements with no firm future financing commitments[27](index=27&type=chunk)[28](index=28&type=chunk) - The company has significant customer concentration, with **three customers (A, B, C) accounting for 71% of total revenues** for the nine months ended September 30, 2019, and **Customer A alone representing 90% of accounts receivable** as of that date[33](index=33&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=15&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations.) Discusses thermal management technology development, Q3 2019 revenue growth, and ongoing concerns about profitability and liquidity [Overview](index=15&type=section&id=Overview) KULR develops high-performance thermal management technologies for E-Mobility, AI, and 5G, addressing heat challenges in electronics - The company's core technology is a carbon fiber material offering **superior thermal conductivity and heat dissipation**, developed through partnerships with NASA and the Jet Propulsion Lab[60](index=60&type=chunk) - KULR's growth strategy focuses on E-Mobility applications, encompassing internal growth and synergistic acquisitions, despite **two recent acquisition terminations**[64](index=64&type=chunk)[56](index=56&type=chunk) - The company has not yet achieved profitability and anticipates increased expenses, indicating **substantial doubt about its ability to continue as a going concern**[65](index=65&type=chunk) [Results of Operations](index=18&type=section&id=Results%20of%20Operations) Q3 2019 revenue increased 9% year-over-year, while nine-month revenue decreased 12%, with gross margin shifts and rising SG&A expenses Revenue Comparison | Period | 2019 ($) | 2018 ($) | Change ($) | % Change | | :--- | :--- | :--- | :--- | :--- | | Three Months Ended Sep 30 | $526,722 | $482,798 | $43,924 | 9% | | Nine Months Ended Sep 30 | $777,984 | $881,929 | ($103,946) | -12% | - The number of customers increased from **6 to 11** for the three-month period and from **11 to 21** for the nine-month period, comparing 2018 to 2019[75](index=75&type=chunk)[77](index=77&type=chunk) Cost of Revenues and Gross Margin | Period | 2019 ($) | 2018 ($) | Change ($) | % Change | | :--- | :--- | :--- | :--- | :--- | | **Cost of Revenues (3 Months)** | $109,051 | $75,384 | $33,667 | 45% | | **Gross Margin % (3 Months)** | 79% | 84% | -5 p.p. | - | | **Cost of Revenues (9 Months)** | $199,118 | $258,801 | ($59,683) | -23% | | **Gross Margin % (9 Months)** | 74% | 71% | +3 p.p. | - | - Selling, general and administrative expenses increased by **19% in Q3 2019**, primarily due to a **$76,000 increase in professional fees** and a **$9,000 increase in non-cash stock-based compensation**[88](index=88&type=chunk) [Liquidity and Capital Resources](index=20&type=section&id=Liquidity%20and%20Capital%20Resources) Critical liquidity position with $1.2 million cash used in operations, relying on month-to-month private placements, raising going concern doubts - Cash used in operating activities totaled **$1,206,135** for the nine months ended September 30, 2019, compared to **$1,064,953** for the same period in 2018[90](index=90&type=chunk) - Financing activities provided **$1,052,300 in cash** during the first nine months of 2019, primarily from the sale of common stock (**$898,300**) and Series C Convertible Preferred Stock and warrants (**$169,000**)[93](index=93&type=chunk) - The company funds operations month-to-month with **no firm commitments for new financing**, potentially requiring significant curtailment or discontinuation of operations if funds are not secured[95](index=95&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=21&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk.) As a smaller reporting company, KULR is not required to provide market risk disclosures - The Company is a smaller reporting company and is **not required to provide the information** for this Item[99](index=99&type=chunk) [Controls and Procedures](index=21&type=section&id=Item%204.%20Controls%20and%20Procedures.) Management concluded disclosure controls and procedures were effective, with no material changes to internal controls during Q3 2019 - Management concluded that the company's disclosure controls and procedures were **effective at a reasonable assurance level** as of the end of the period[100](index=100&type=chunk) - No **material changes** in internal control over financial reporting occurred during the third quarter of 2019[101](index=101&type=chunk) PART II - OTHER INFORMATION [Legal Proceedings](index=22&type=section&id=Item%201.%20Legal%20Proceedings.) The company reported no legal proceedings during the period - No legal proceedings were reported[103](index=103&type=chunk) [Risk Factors](index=22&type=section&id=Item%201A.%20Risk%20Factors.) No material changes to previously disclosed risk factors in the Annual Report on Form 10-K - No **material changes** to the risk factors discussed in the Annual Report on Form 10-K filed on March 29, 2019 have occurred[104](index=104&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=22&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds.) Issued unregistered common stock for consulting services and Series B Preferred Stock conversion, exempt from registration - Issued **45,966 shares of restricted common stock** for consulting services, exempt from registration under Section 4(a)(2) of the Securities Act[105](index=105&type=chunk) - Issued **818,550 shares of restricted common stock** upon the conversion of **16,371 shares of Series B Convertible Preferred Stock**, exempt from registration under Section 3(a)(9) of the Securities Act[106](index=106&type=chunk) [Defaults Upon Senior Securities](index=22&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities.) The company reported no defaults upon senior securities - No defaults upon senior securities were reported[107](index=107&type=chunk) [Mine Safety Disclosures](index=22&type=section&id=Item%204.%20Mine%20Safety%20Disclosures.) This item is not applicable to the company - This item is **not applicable**[108](index=108&type=chunk) [Other Information](index=22&type=section&id=Item%205.%20Other%20Information.) The company reported no other information for this item - No other information was reported for this item[109](index=109&type=chunk) [Exhibits](index=22&type=section&id=Item%206.%20Exhibits.) Lists exhibits filed, including Series C Preferred Stock designation, acquisition termination agreement, and SOX certifications - Key exhibits filed include the **Certificate of Designation of Series C Convertible Preferred Stock** and the **Rescission and Termination Agreement** dated July 5, 2019[110](index=110&type=chunk) [Signatures](index=24&type=section&id=SIGNATURES)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-55564 KULR TECHNOLOGY GROUP, INC. (Exact name of registrant as specified in its charter) Delaware (State or Other Jurisdiction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-55564 KULR TECHNOLOGY GROUP, INC. (Exact name of registrant as specified in its charter) Delaware (State or Other Jurisdiction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2018 ¨ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from [ ] to [ ] Commission file number 000-55564 KULR TECHNOLOGY GROUP, INC. (Name of small business issuer in its charter) (State or other jurisdiction of incorporation or organizat ...