Unfortunately I've ran it through a few cycles and that wasn't the case. It was some software hiccup. For some reason when I did a factory reset through the bootloader it wouldn't work. (I tried 5 times...) However, I tried doing a factory reset through settings and everything is as good as new now. Didn't realize there was a difference between those two factory resets, but apparently there is.The estimate on battery time remaining is based on your previous usage. Every time you reset, it will lose this information - it will need at least one drain/charge cycle before it will give you estimated time remaining again.
Unfortunately I've ran it through a few cycles and that wasn't the case. It was some software hiccup. For some reason when I did a factory reset through the bootloader it wouldn't work. (I tried 5 times...) However, I tried doing a factory reset through settings and everything is as good as new now. Didn't realize there was a difference between those two factory resets, but apparently there is.