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Customize Items
$10.94M
Revenue
$6.06M
Net Income
61.31%
Gross Margin
34.13%
Op. Margin
$-452.96K
Free Cash Flow
Financial Statements Annual (10-K)
Showing 5 of 7 annual reports available (2011 - 2023)
Breakdown TTM
(Sep 30, 2025)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
+ Total Revenue $10.94M $2.25M $1.56M - - -
Revenue Growth % 386.5% 43.9% nan% nan% nan% nan%
Cost of Revenue $4.23M $199.36K $736.21K - - -
+ Gross Profit $6.71M $2.05M $826.42K - - -
Gross Margin % 61.3% 91.1% 52.9% nan% nan% nan%
Operating Expenses $2.97M $359.18K $68.29K $81.81K $12.30K $11.30K
+ Operating Income $3.73M $1.69M $758.13K $-81.81K - -
Operating Margin % 34.1% 75.2% 48.5% nan% nan% nan%
Other Income/Expense $-22.79K $247.00 $2.00 - - -
Income Before Tax $3.71M $1.69M $758.13K - $-12.30K $-11.30K
Income Tax Expense $302.33K $473.05K - - - -
+ Net Income $6.06M $1.22M $758.13K $-81.81K $-12.30K $-11.30K
Net Margin % 55.4% 54.1% 48.5% nan% nan% nan%
Basic EPS 0.02 0.01 0.01 nan nan nan
Diluted EPS 0.02 0.00 0.00 nan nan nan
Basic Shares Outstanding 157.6M 132.6M 85.8M - - -
Diluted Shares Outstanding 157.6M 283.1M 236.3M - - -
Breakdown FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
Cash & Cash Equivalents $143.86K $109.19K $52.28K $236.00 $236.00
Accounts Receivable $1.10M - - - -
Other Current Assets $29.62K $1.09M $3.81K - -
Total Current Assets $3.47M $1.26M $56.09K - -
Property Plant & Equipment $13.91K $637.00 $1.06K - -
Intangible Assets $2.07M - - - -
Total Assets $5.71M $1.26M $57.15K $236.00 $236.00
Short-term Debt - $77.78K $170.71K - -
Deferred Revenue $183.81K $275.72K $50.00K - -
Total Current Liabilities $1.51M $483.98K $402.67K $3.19M $3.18M
Total Liabilities $1.54M $483.98K - - -
Common Stock $132.61K $132.61K $32.61K $2.00K $2.00K
Retained Earnings $-2.07M $-3.29M $-4.04M $-3.56M $-3.54M
Total Stockholders Equity $4.17M $772.61K $-345.52K $-3.36M $-3.35M
Total Liabilities & Equity $5.71M $1.26M $57.15K $236.00 $236.00
Breakdown TTM
(Sep 30, 2025)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
Net Income $6.06M $1.22M $758.13K $-81.81K $-12.30K $-11.30K
Depreciation & Amortization $2.87M $91.55K $428.00 - - -
Stock-based Compensation - $30.18K - - - -
Change in Receivables $-8.80M $1.10M - - - -
Change in Payables - $227.97K $116.06K - - -
Operating Cash Flow $-452.96K $201.18K $112.08K $50.81K - -
Capital Expenditure - $14.38K - $1.29K - -
Investing Cash Flow - $-168.69K $-55.17K $-1.29K - -
Financing Cash Flow $227.09K - $99.52K - - -
Net Change in Cash - - - - - $-781.00
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $775.25K - $10.27M -
Cost of Revenue $463.24K - $4.16M -
Gross Profit $312.01K - $6.11M -
Operating Expenses $291.19K - $2.84M -
Operating Income $20.82K - $3.28M -
Interest Expense $6.15K - $23.00K -
Other Income/Expense $-6.12K - $-22.85K -
Income Before Tax $14.70K - $3.25M -
Income Tax Expense $4.98K - $155.51K -
Net Income $9.72K $-209.36K $3.10M -
Basic EPS 0.00 - 0.02 -
Diluted EPS 0.00 - 0.02 -
Basic Shares Outstanding $157.56M - $157.56M -
Diluted Shares Outstanding $157.56M - $157.56M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $38.65K $155.86K
Accounts Receivable $5.58M $9.67M
Inventory $4.07M $1.49M
Other Current Assets $141.35K $148.49K
Total Current Assets $15.94M $11.51M
Intangible Assets $1.31M $1.59M
Other Non-current Assets $3.71K $3.62K
Total Assets $31.32M $27.80M
Accounts Payable $4.16M $4.88M
Short-term Debt $155.75K $41.11K
Total Current Liabilities $6.55M $6.51M
Other Non-current Liabilities - $163.31K
Total Liabilities $6.55M $6.70M
Common Stock $157.56K $157.56K
Retained Earnings $7.83M $5.13M
Total Stockholders Equity $24.77M $21.10M
Total Liabilities & Equity $31.32M $27.80M
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income - - $3.10M -
Depreciation & Amortization - - $1.28M -
Change in Receivables - - $-4.38M -
Change in Inventory - - $2.51M -
Operating Cash Flow - - $-104.21K -
Financing Cash Flow - - $-12.75K -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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