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 8/12/2021 to 5/12/2026 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 5/12/2026
25.9
21.3
8.0
5.7
12.6
5.2
6.9
6.9
7.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ❌  [ original filing, XBIO stockholder letter ]
Total numbers found: 174
Recent share count: 2,291,056 (2's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
174
Low count compared to other filers, falling in the bottom quartile. At this number count, it would take about 2 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for XBIO = 39
39

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 1's percentage was below the company's typical historical range.
 • We deducted point upon observing the 2's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 3's percentage was below the typical coverage universe range.
 • We deducted point 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.
 • 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.
 • The 7's percentage was higher than the 6'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 point (includes the impact of penalty multiplier) upon observing the 7's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 7's percentage was above the company's typical historical range.
 • We deducted points upon observing the 8's percentage was above the typical coverage universe range.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • This is the 3rd 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 9's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was above 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.
Other Stocks Ranking Near XBIO
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 45 numbers that start with the digit 1. Here they are:
1
166,294
10,000,000
1,454,545
1,454
1,454
10,000,000
199,875,331
1,309,040
1,535,670
1,542,139
1,454,545
1,454
199,875,331
11,312
11,312
1,454,545
1,454
1,804,394
1,804
1,544,840
1,545
197,194,471
19,251
19,251
1,804,394
1,804
1,544,840
1,545
198,097,612
11,312
19,251
108,334
1,001,892
1,001,892
128,444
1
1
11,312
19,251
11,312
19,251
102
11,000
19,000
We found 37 numbers that start with the digit 2. Here they are:
2,291,056
247,815
258,109
2,293,757
2,291,056
2,294
2,294
212,306,163
212,294,851
200,331,713
253,734
253,734
21
20
2,291,056
2,293,757
2,294
212,294,851
253,734
2,293,757
2,294
212,306,163
200,331,713
253,734
208,225,748
253,734
208,244,999
253,734
226,336
2
218,106
20,017
28,000
2.0
2
29.09
25,836
We found 14 numbers that start with the digit 3. Here they are:
313,921
313,921
399,431
39,190
39,268
34,423
3.0
3
3
31,000
39.9
39.8
3
30,000
4's 5's 6's
We found 10 numbers that start with the digit 4. Here they are:
45,756
45,735
456,382
456,382
456,382
456,382
422,515
456,382
400,000
4
We found 22 numbers that start with the digit 5. Here they are:
593261
558,808
5,281,180
5,281,180
593,261
593,261
502,117
59
5,281,180
5,281,180
5,281,180
5,281,180
5,123,290
536,377
536,377
5,163,676
593,261
511,055
53,000
5
50,000
5
We found 9 numbers that start with the digit 6. Here they are:
6,950,752
661,443
647,597
656,641
6,950,752
6,007,180
6,165,568
658,229
6
7's 8's 9's
We found 12 numbers that start with the digit 7. Here they are:
7,347,255
7,883,632
7,595,070
7,908,991
709,916
7,395,822
7,908,991
78
7,395,822
7,883,632
7,347,255
77,000
We found 12 numbers that start with the digit 8. Here they are:
806923
8,049,926
8,363,847
8,363,847
806,923
806,923
879,029
81,521
806,923
875,798
800
8,000
We found 13 numbers that start with the digit 9. Here they are:
958,239
968,025
958,239
968,025
942,409
903,141
903,141
903,141
903,141
9,786
903,141
9
9,000
While the above XBIO 10Q Filed 5/12/2026 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 5/12/2026 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 5/12/2026
25.9
21.3
8.0
5.7
12.6
5.2
6.9
6.9
7.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 39
XBRL? ❌  [ original filing ]
Total numbers found: 174

■ = Typical XBIO range from 8/12/2021 to 5/12/2026
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: 92
XBRL? ✓  [ original filing ]
Total numbers found: 270

■ = Typical XBIO range from 8/12/2021 to 5/12/2026
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: 82
XBRL? ✓  [ original filing ]
Total numbers found: 251

■ = Typical XBIO range from 8/12/2021 to 5/12/2026
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 8/12/2021 to 5/12/2026
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 8/12/2021 to 5/12/2026
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 8/12/2021 to 5/12/2026
10K Filed 3/12/2026
28.4
24.1
14.6
7.7
6.9
5.6
5.0
4.8
2.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL? ✓  [ original filing ]
Total numbers found: 377

■ = Typical XBIO range from 8/12/2021 to 5/12/2026
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: 35
XBRL? ✓  [ original filing ]
Total numbers found: 167

■ = Typical XBIO range from 8/12/2021 to 5/12/2026
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: 81
XBRL? ❌  [ original filing ]
Total numbers found: 248

■ = Typical XBIO range from 8/12/2021 to 5/12/2026
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 8/12/2021 to 5/12/2026
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: 18
XBRL? ✓  [ original filing ]
Total numbers found: 290

■ = Typical XBIO range from 8/12/2021 to 5/12/2026
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: 58
XBRL? ✓  [ original filing ]
Total numbers found: 335

■ = Typical XBIO range from 8/12/2021 to 5/12/2026
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: 72
XBRL? ✓  [ original filing ]
Total numbers found: 281

■ = Typical XBIO range from 8/12/2021 to 5/12/2026
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: 88
XBRL? ✓  [ original filing ]
Total numbers found: 345

■ = Typical XBIO range from 8/12/2021 to 5/12/2026
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: 29
XBRL? ✓  [ original filing ]
Total numbers found: 158

■ = Typical XBIO range from 8/12/2021 to 5/12/2026
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 8/12/2021 to 5/12/2026
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: 48
XBRL? ✓  [ original filing ]
Total numbers found: 182

■ = Typical XBIO range from 8/12/2021 to 5/12/2026
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: 57
XBRL? ✓  [ original filing ]
Total numbers found: 295

■ = Typical XBIO range from 8/12/2021 to 5/12/2026
DAL 10Q Filed 7/10/2026:
92
SEGG 10K Filed 7/10/2026:
94
EDUC 10Q Filed 7/9/2026:
97
KBH 10Q Filed 7/9/2026:
95
JEF 10Q Filed 7/9/2026:
89
WDFC 10Q Filed 7/9/2026:
100
NRIX 10Q Filed 7/9/2026:
91
SLP 10Q Filed 7/9/2026:
83
EPAC 10Q Filed 7/9/2026:
98
BNED 10K Filed 7/9/2026:
85
EACO 10Q Filed 7/9/2026:
21
SMPL 10Q Filed 7/9/2026:
94
BYRN 10Q Filed 7/9/2026:
74
NTIC 10Q Filed 7/9/2026:
90
PEP 10Q Filed 7/8/2026:
96
LEGOU 10Q Filed 7/8/2026:
44
AZZ 10Q Filed 7/8/2026:
88
LEVI 10Q Filed 7/8/2026:
98
PSMT 10Q Filed 7/8/2026:
100
PCYO 10Q Filed 7/8/2026:
98
UNF 10Q Filed 7/8/2026:
95
CHSCP 10Q Filed 7/8/2026:
96
SOTK 10Q Filed 7/8/2026:
62
HELE 10Q Filed 7/8/2026:
91
TMQ 10Q Filed 7/8/2026:
87
FC 10Q Filed 7/7/2026:
89
PENG 10Q Filed 7/7/2026:
86
KRUS 10Q Filed 7/7/2026:
92
SAR 10Q Filed 7/7/2026:
73
CTWO 10Q Filed 7/2/2026:
48
LNN 10Q Filed 7/2/2026:
84
SNX 10Q Filed 7/2/2026:
85
UUU 10K Filed 7/2/2026:
74
CNXC 10Q Filed 7/2/2026:
77
FIZZ 10K Filed 7/1/2026:
89
GBX 10Q Filed 7/1/2026:
98
FDS 10Q Filed 7/1/2026:
83
GIS 10K Filed 7/1/2026:
72
BSET 10Q Filed 7/1/2026:
65
MSM 10Q Filed 7/1/2026:
82
 

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