On this page of Benford's Law Stocks.com we present our study of Xenetic Biosciences, Inc. — ticker symbol XBIO. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 5/11/2021 to 11/12/2025 for Xenetic Biosciences, Inc. under CIK number 0001534525. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for XBIO, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for Xenetic Biosciences, Inc. based on the past XBIO filings our system processed in the past.
Benford Chart for XBIO 10Q Filed 11/12/2025
39.9
21.4
6.8
7.5
11.7
5.7
2.8
2.5
1.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing, XBIO stockholder letter ]
Total numbers found: 281
Recent share count: 2,277,139 (2's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
281
Low count compared to other filers, falling in the bottom quartile. At this number count, it would take about 3 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for XBIO = 63
63

Starting from a possible score of 100, we made the following score deductions:
 • We deducted points upon observing the 1's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 2's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 3's percentage was below the typical coverage universe range.
 • The 4's percentage was higher than the 3's percentage, increasing the penalty multiplier.
 • We deducted point (includes the impact of penalty multiplier) upon observing the 4's percentage was below the typical coverage universe range.
 • The 5's percentage was higher than the 4's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 5's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 5's percentage was above the company's typical historical range.
 • We deducted points upon observing the 7's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 8's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 8's percentage was below the company's typical historical range.
 • We deducted points upon observing the 9's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 9's percentage was below the company's typical historical range.
XBIO's Score Vs. Typical Stock
Benford's Law Stocks Indicator
XBIO
Low score compared to other filers, falling in the bottom quartile.
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Check our work! We provide our Xenetic Biosciences, Inc. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the XBIO filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 112 numbers that start with the digit 1. Here they are:
1,111,775
1,111,775
10,000,000
1,804,394
1,804
1,804
10,000,000
1,544,840
1,542,139
1,545
1,545
199,296,255
197,194,471
1,026,957
1,851,464
1,026,957
1,851,464
1,571,691
1,113,716
1,504
1,535
104,205
197,994
109,771
199,529
1.36
1.89
1,542,139
1,541,722
1,542,139
1,541,070
1,804,394
1,804
1,544,840
1,545
198,786,315
15,855
15,855
1,804,394
1,804
1,544,840
1,545
199,296,255
1,804,394
1,804
1,544,840
1,545
197,194,471
1,804,394
1,804
1,544,840
1,545
199,296,255
1,804,394
1,804
1,543,802
1,544
195,703,279
1,038
1
1
1,804,394
1,804
1,544,840
1,545
196,139,950
1,804,394
1,804
1,543,385
1,544
193,234,196
1,038
1
1
146,706
146,706
1,804,394
1,804
1,544,840
1,545
196,139,950
146,706
199,822
1,026,957
181,678
180,376
18,939
1,851,464
1,581,070
1,532,389
1,526,708
1,702,263
1
1.9
140,000
1
1.7
1
1
1
16,000
1
11,433
15,855
135,273
15,855
146,706
16,000
1
1,585
11,667
1
We found 60 numbers that start with the digit 2. Here they are:
2,291,056
283,615
208,276,537
208,225,748
253,734
253,734
2,210,115
2,210,115
2,292,068
2,246,077
2,129,602
2,710,670
2,211,555
2,101,784
2,905,754
28
208,260,682
253,734
208,276,537
253,734
208,225,748
253,734
2,101,784
2,101,784
208,276,537
253,734
208,173,105
253,734
27,536
27,536
208,200,640
253,734
208,053,935
253,734
2,905,754
2,905,754
208,200,640
253,734
2,101,784
2,905,754
217,512
2,043,969
2,143,486
2,043,969
2,143,486
2,210,115
2,271,998
2,101,784
2,905,754
2.2
2.8
28,000
29.09
28,000
27,536
27,536
20,000
28,000
20,847
253
We found 19 numbers that start with the digit 3. Here they are:
313,921
3,956,185
367,985
3,105,283
30,783
34,794
33
3,956,185
3,956,185
313,921
360,549
35,266
3
3
3
30,000
33.00
3
30,000
4's 5's 6's
We found 21 numbers that start with the digit 4. Here they are:
4,121,599
421,954
4,421,670
4,956,747
499,473
4,011
436,671
4,450,270
436,671
436,671
417
415,740
4,121,599
436,671
4
4
4
462,963
417
41.7
41.1
We found 33 numbers that start with the digit 5. Here they are:
5,067,960
5,067,960
578,250
533,525
5,281,180
5,281,180
5,067,960
544,734
5,566
509,940
5,281,180
509,940
509,940
5,281,180
5,281,180
50,789
50,789
5,281,180
5,281,180
5,281,180
5,281,180
5,281,180
50,789
524,407
545,255
509,940
566,494
58,982
52,823
5
50,789
50,789
50,000
We found 16 numbers that start with the digit 6. Here they are:
6,165,568
6,587,522
6,901,443
610,648
6,007,180
6,901,443
614,243
614,243
61,298
62,802
6,007,180
6,165,568
6,839,560
614,243
622,979
6
7's 8's 9's
We found 8 numbers that start with the digit 7. Here they are:
756,482
745,731
7,445,728
7,036,593
7,036,593
751,179
70,000
70,000
We found 7 numbers that start with the digit 8. Here they are:
894,263
894,263
815,209
8,983,046
800
83,000
8,000
We found 5 numbers that start with the digit 9. Here they are:
946,361
9,795,641
9
91,463
9,000
While the above XBIO 10Q Filed 11/12/2025 is interesting in isolation, we have found that it is also useful to take a look at older Xenetic Biosciences, Inc. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 11/12/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical XBIO 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

10Q Filed 11/12/2025
39.9
21.4
6.8
7.5
11.7
5.7
2.8
2.5
1.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 63
XBRL? ✓  [ original filing ]
Total numbers found: 281

■ = Typical XBIO range from 5/11/2021 to 11/12/2025
10K Filed 3/18/2025
28.1
22.3
13.9
11.3
7.0
6.1
2.6
5.8
2.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 87
XBRL? ✓  [ original filing ]
Total numbers found: 345

■ = Typical XBIO range from 5/11/2021 to 11/12/2025
10Q Filed 5/9/2024
38.0
16.5
2.5
2.5
12.7
5.7
7.0
8.2
7.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 18
XBRL? ✓  [ original filing ]
Total numbers found: 158

■ = Typical XBIO range from 5/11/2021 to 11/12/2025
10K Filed 3/22/2023
34.6
19.0
11.5
8.3
9.5
6.3
5.3
3.0
2.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL? ✓  [ original filing ]
Total numbers found: 399

■ = Typical XBIO range from 5/11/2021 to 11/12/2025
10Q Filed 5/12/2022
51.1
22.5
5.5
2.2
4.4
1.1
3.3
4.9
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 49
XBRL? ✓  [ original filing ]
Total numbers found: 182

■ = Typical XBIO range from 5/11/2021 to 11/12/2025
10Q Filed 8/12/2021
35.9
25.8
5.4
3.1
7.5
4.4
2.4
7.8
7.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 54
XBRL? ✓  [ original filing ]
Total numbers found: 295

■ = Typical XBIO range from 5/11/2021 to 11/12/2025
10Q Filed 8/12/2025
44.1
14.4
7.4
8.9
8.1
7.0
4.1
3.0
3.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 90
XBRL? ✓  [ original filing ]
Total numbers found: 270

■ = Typical XBIO range from 5/11/2021 to 11/12/2025
10Q Filed 11/12/2024
42.6
26.3
4.0
5.6
5.6
5.2
4.4
3.2
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 79
XBRL? ✓  [ original filing ]
Total numbers found: 251

■ = Typical XBIO range from 5/11/2021 to 11/12/2025
10K Filed 3/21/2024
32.3
18.6
11.6
9.3
9.0
5.8
3.8
5.8
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL? ✓  [ original filing ]
Total numbers found: 344

■ = Typical XBIO range from 5/11/2021 to 11/12/2025
10Q Filed 11/9/2022
34.1
22.5
13.5
6.4
7.1
1.3
2.9
8.0
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 57
XBRL? ✓  [ original filing ]
Total numbers found: 311

■ = Typical XBIO range from 5/11/2021 to 11/12/2025
10K Filed 3/22/2022
32.8
20.9
10.6
9.2
9.2
5.4
4.3
3.1
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL? ✓  [ original filing ]
Total numbers found: 445

■ = Typical XBIO range from 5/11/2021 to 11/12/2025
10Q Filed 5/11/2021
39.3
19.1
9.9
3.7
8.3
4.6
3.0
6.4
5.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 79
XBRL? ❌  [ original filing ]
Total numbers found: 435

■ = Typical XBIO range from 5/11/2021 to 11/12/2025
10Q Filed 5/13/2025
34.7
13.2
5.4
6.0
14.4
7.8
7.2
4.8
6.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 23
XBRL? ✓  [ original filing ]
Total numbers found: 167

■ = Typical XBIO range from 5/11/2021 to 11/12/2025
10Q Filed 8/13/2024
49.6
20.6
3.2
5.2
5.2
4.4
4.0
4.0
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL? ❌  [ original filing ]
Total numbers found: 248

■ = Typical XBIO range from 5/11/2021 to 11/12/2025
10Q Filed 5/11/2023
44.4
22.5
4.7
3.6
7.7
4.1
1.8
5.3
5.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 62
XBRL? ✓  [ original filing ]
Total numbers found: 169

■ = Typical XBIO range from 5/11/2021 to 11/12/2025
10Q Filed 8/11/2022
39.3
26.9
5.9
6.9
6.9
0.0
0.7
9.7
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 17
XBRL? ✓  [ original filing ]
Total numbers found: 290

■ = Typical XBIO range from 5/11/2021 to 11/12/2025
10Q Filed 11/12/2021
31.6
22.1
13.1
5.4
6.0
3.9
5.4
5.1
7.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 56
XBRL? ✓  [ original filing ]
Total numbers found: 335

■ = Typical XBIO range from 5/11/2021 to 11/12/2025
RR 10K Filed 1/20/2026:
82
UGRO 10K Filed 1/16/2026:
95
ADBE 10K Filed 1/15/2026:
98
IIIN 10Q Filed 1/15/2026:
91
BMRA 10Q Filed 1/14/2026:
43
FNGR 10Q Filed 1/14/2026:
42
CVGW 10K Filed 1/14/2026:
54
NTRP 10Q Filed 1/14/2026:
74
DBMM 10Q Filed 1/14/2026:
7
RILY 10Q Filed 1/14/2026:
81
CODI 10Q Filed 1/14/2026:
100
RFIL 10K Filed 1/14/2026:
84
LOOP 10Q Filed 1/14/2026:
67
HOVR 10Q Filed 1/14/2026:
64
LEDS 10Q Filed 1/14/2026:
92
EACO 10Q Filed 1/13/2026:
54
SMCE 10Q Filed 1/13/2026:
89
RMCF 10Q Filed 1/13/2026:
78
BMNR 10Q Filed 1/13/2026:
42
BBCP 10K Filed 1/13/2026:
96
EDUC 10Q Filed 1/13/2026:
97
BZYR 10Q Filed 1/13/2026:
76
SODI 10Q Filed 1/13/2026:
97
PKE 10Q Filed 1/13/2026:
63
LEXX 10Q Filed 1/13/2026:
32
BPTH 10Q Filed 1/13/2026:
67
UBYH 10Q Filed 1/13/2026:
46
SOTK 10Q Filed 1/13/2026:
89
MOBX 10K Filed 1/12/2026:
100
SCPX 10Q Filed 1/12/2026:
80
AEHR 10Q Filed 1/12/2026:
68
ANIX 10K Filed 1/12/2026:
78
ALTS 10Q Filed 1/12/2026:
80
FC 10Q Filed 1/9/2026:
68
SLP 10Q Filed 1/9/2026:
85
HURC 10K Filed 1/9/2026:
91
WOR 10Q Filed 1/9/2026:
79
JBL 10Q Filed 1/9/2026:
95
TLRY 10Q Filed 1/8/2026:
80
APLD 10Q Filed 1/8/2026:
86
 

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