$162.00K
Revenue
$-18.23M
Net Income
-
Gross Margin
-12000.00%
Op. Margin
$-26.37M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $56.00K | $58.00K | $48.00K | - | - | $2.00K | $1.00K |
| Revenue Growth % (YoY) | nan% | 2800.0% | 4700.0% | nan% | nan% | nan% | nan% |
| Operating Expenses | $6.86M | $4.70M | $3.99M | $4.05M | $6.67M | $4.39M | $4.42M |
| Research & Development | $2.04M | $1.14M | $1.22M | $1.26M | $2.37M | $1.18M | $1.22M |
| Selling General & Admin | $4.82M | $3.06M | $2.78M | $2.79M | $4.30M | $3.21M | $3.19M |
| Operating Income | $-6.80M | $-4.64M | $-3.94M | $-4.05M | $-6.67M | $-4.39M | $-4.42M |
| Operating Margin % | -12151.8% | -8006.9% | -8216.7% | nan% | nan% | -219350.0% | -441500.0% |
| Income Before Tax | $-6.58M | $-4.35M | $-3.62M | $-3.68M | $-6.21M | $-3.84M | $-3.83M |
| Income Tax Expense | $-4.00K | - | - | $2.00K | - | - | $3.00K |
| Net Income | $-6.58M | $-4.35M | $-3.62M | $-3.68M | $-6.21M | $-3.84M | $-3.83M |
| Net Margin % | -11744.6% | -7496.6% | -7543.8% | nan% | nan% | -191950.0% | -383000.0% |
| Basic EPS | nan | -1.18 | -0.99 | -1.01 | -1.73 | -1.07 | -1.07 |
| Diluted EPS | nan | -1.18 | -0.99 | -1.01 | -1.73 | -1.07 | -1.07 |
| Basic Shares Outstanding | -3.7M | 3.7M | 3.7M | 3.6M | -3.6M | 3.6M | 3.6M |
| Diluted Shares Outstanding | -3.7M | 3.7M | 3.7M | 3.6M | -3.6M | 3.6M | 3.6M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $15.55M | $17.13M | $17.29M | $23.22M | $23.30M | $25.13M | $26.29M |
| Accounts Receivable | $19.00K | $19.00K | $48.00K | - | - | - | - |
| Other Current Assets | $120.00K | $223.00K | $261.00K | $399.00K | $122.00K | $266.00K | $299.00K |
| Total Current Assets | $21.67M | $28.43M | $31.54M | $34.58M | $38.20M | $44.02M | $47.21M |
| Property Plant & Equipment | $61.00K | $68.00K | $57.00K | $62.00K | $67.00K | $62.00K | $68.00K |
| Total Assets | $31.06M | $37.98M | $41.82M | $45.11M | $49.61M | $55.59M | $58.95M |
| Other Current Liabilities | $1.38M | $1.31M | $1.30M | $1.29M | $6.60M | $6.47M | $6.33M |
| Total Current Liabilities | $2.02M | $2.07M | $1.94M | $1.95M | $7.20M | $7.13M | $7.01M |
| Other Non-current Liabilities | $6.56M | $6.62M | $6.71M | $6.80M | $2.79M | $2.96M | $3.13M |
| Total Liabilities | $8.59M | $8.69M | $8.65M | $8.75M | $9.99M | $10.09M | $10.14M |
| Common Stock | - | - | - | - | - | - | - |
| Retained Earnings | $-222.90M | $-216.32M | $-211.97M | $-208.35M | $-204.67M | $-198.46M | $-194.62M |
| Total Stockholders Equity | $22.47M | $29.29M | $33.17M | $36.36M | $39.62M | $45.49M | $48.81M |
| Total Liabilities & Equity | $31.06M | $37.98M | $41.82M | $45.11M | $49.61M | $55.59M | $58.95M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
|---|---|---|---|---|---|---|---|
| Net Income | $-6.58M | $-4.35M | $-7.30M | $-3.68M | $-6.21M | $-3.84M | $-8.12M |
| Change in Receivables | - | $19.00K | $48.00K | - | $1.00K | $-2.00K | $-2.00K |
| Change in Payables | - | $41.00K | $-50.00K | $-7.00K | - | $-160.00K | $-115.00K |
| Operating Cash Flow | $-5.81M | $-9.84M | $-6.83M | $-3.89M | $-5.51M | $-9.82M | $-6.60M |
| Capital Expenditure | - | $17.00K | - | - | $11.00K | $11.00K | $11.00K |
| Investing Cash Flow | $5.08M | $3.69M | $836.00K | $3.82M | $3.80M | $8.67M | $6.59M |
| Dividends Paid | - | - | - | - | - | - | - |
| Financing Cash Flow | $-854.00K | $-19.00K | $-7.00K | - | $-120.00K | $-9.00K | $-3.00K |
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 | $58.00K | $2.00K | $106.00K | $5.00K |
| Operating Expenses | $4.70M | $4.39M | $12.74M | $13.73M |
| Research & Development | $1.14M | $1.18M | $3.62M | $3.67M |
| Selling General & Admin | $3.06M | $3.21M | $8.62M | $10.07M |
| Operating Income | $-4.64M | $-4.39M | $-12.63M | $-13.73M |
| Income Before Tax | $-4.35M | $-3.84M | $-11.65M | $-11.96M |
| Income Tax Expense | - | - | $2.00K | $3.00K |
| Net Income | $-4.35M | $-3.84M | $-11.65M | $-11.96M |
| Basic EPS | -1.18 | -1.07 | -3.17 | -3.32 |
| Diluted EPS | -1.18 | -1.07 | -3.17 | -3.32 |
| Basic Shares Outstanding | $3.67M | $3.60M | $3.67M | $3.60M |
| Diluted Shares Outstanding | $3.67M | $3.60M | $3.67M | $3.60M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $17.13M | $23.30M |
| Accounts Receivable | $19.00K | - |
| Other Current Assets | $223.00K | $122.00K |
| Total Current Assets | $28.43M | $38.20M |
| Property Plant & Equipment | $68.00K | $67.00K |
| Total Assets | $37.98M | $49.61M |
| Other Current Liabilities | $1.31M | $6.60M |
| Total Current Liabilities | $2.07M | $7.20M |
| Other Non-current Liabilities | $6.62M | $2.79M |
| Total Liabilities | $8.69M | $9.99M |
| Common Stock | - | - |
| Retained Earnings | $-216.32M | $-204.67M |
| Total Stockholders Equity | $29.29M | $39.62M |
| Total Liabilities & Equity | $37.98M | $49.61M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-4.35M | $-3.84M | $-11.65M | $-11.96M |
| Change in Receivables | - | - | $19.00K | $-2.00K |
| Change in Payables | - | - | $41.00K | $-160.00K |
| Operating Cash Flow | - | - | $-9.84M | $-9.82M |
| Capital Expenditure | - | - | $17.00K | $11.00K |
| Investing Cash Flow | - | - | $3.69M | $8.67M |
| Financing Cash Flow | - | - | $-19.00K | $-9.00K |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.