$-13.14M
Revenue
$-40.52M
Net Income
-
Gross Margin
-
Op. Margin
$-12.23M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Aug 31, 2018) |
FY 2017 (Aug 31, 2017) |
FY 2016 (Aug 31, 2016) |
FY 2015 (Aug 31, 2015) |
FY 2014 (Aug 31, 2014) |
FY 2013 (Aug 31, 2013) |
FY 2012 (Aug 31, 2012) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $-13.14M | $6.53M | $34.98M | $38.59M | $54.66M | $46.01M | $42.59M | $15.58M | $475.00 | $1.73K | $48.00 | - | - | - | - |
| Revenue Growth % | -301.0% | -81.3% | -9.4% | -29.4% | 18.8% | 8.0% | 173.4% | 3279268.4% | -72.6% | 3512.5% | nan% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $-11.44M | $5.01M | $21.99M | $26.80M | $39.40M | $30.64M | $26.49M | $9.72M | $211.00 | $334.00 | $5.00 | - | - | - | - |
| Gross Profit | $-1.69M | $1.53M | $12.99M | $11.80M | $15.26M | $15.37M | $16.10M | $5.86M | $264.00 | $1.40K | - | - | - | - | - |
| Gross Margin % | 12.9% | 23.4% | 37.1% | 30.6% | 27.9% | 33.4% | 37.8% | 37.6% | 55.6% | 80.7% | nan% | nan% | nan% | nan% | nan% |
| Operating Expenses | $397.00K | $12.93M | $18.96M | $32.98M | $54.04M | $32.65M | $43.42M | $42.19M | $528.15K | $525.44K | $459.73K | $24.65K | $27.27K | $22.08K | $13.22K |
| Selling General & Admin | $397.00K | $12.93M | $18.96M | $24.44M | $35.43M | $28.51M | $34.49M | - | - | - | - | - | - | - | - |
| Operating Income | $-2.09M | $-11.41M | $-5.97M | $-21.18M | $-38.78M | $-17.28M | $-27.32M | $-36.33M | $-527.89K | $-524.04K | $-459.68K | $-24.65K | $-27.27K | $-22.08K | $-13.22K |
| Operating Margin % | 15.9% | -174.6% | -17.1% | -54.9% | -71.0% | -37.6% | -64.2% | -233.2% | -111134.1% | -30221.3% | -957670.8% | nan% | nan% | nan% | nan% |
| Interest Expense | - | $628.00K | $467.00K | $1.35M | $551.00K | $360.00K | $2.31M | $265.00K | $532.91K | $830.68K | $411.97K | $25.02K | $23.96K | $72.09K | $2.69K |
| Other Income/Expense | $-532.00K | $2.77M | $5.81M | $-1.59M | $-551.00K | $20.70M | $-32.01M | $-148.14M | $-587.02K | $-1.22M | $-474.08K | $-25.02K | $-23.96K | $-72.09K | $-2.69K |
| Income Before Tax | $-5.07M | $-8.64M | $-159.00K | $-22.77M | $-39.33M | $3.42M | $-59.34M | - | $-1.11M | $-1.74M | $-933.76K | $-49.67K | $-51.24K | $-94.17K | $-15.91K |
| Income Tax Expense | - | - | $9.00K | $2.00K | $-18.00K | $37.00K | - | - | - | - | - | - | - | - | - |
| Net Income | $-40.52M | $-45.01M | $-168.00K | $-22.77M | $-39.32M | $3.39M | $-59.34M | $-184.46M | $-2.95M | $-1.74M | $-933.76K | $-49.67K | $-51.24K | $-94.17K | $-15.91K |
| Net Margin % | 308.5% | -688.8% | -0.5% | -59.0% | -71.9% | 7.4% | -139.3% | -1184.2% | -621225.1% | -100533.9% | -1945335.4% | nan% | nan% | nan% | nan% |
| Basic EPS | -2.76 | -2.13 | -0.10 | -32.29 | -58.93 | 0.15 | -7.26 | nan | nan | -0.02 | -0.01 | 0.00 | 0.00 | -1.56 | -0.26 |
| Diluted EPS | -2.76 | -2.13 | -0.10 | -32.29 | -58.93 | 0.14 | -7.26 | nan | nan | -0.02 | -0.01 | 0.00 | 0.00 | -1.56 | -0.26 |
| Basic Shares Outstanding | 33.7M | 21.1M | 1.6M | 705K | 667K | 19.9M | 8.2M | - | - | 77.9M | 70.5M | 37.6M | 27.8M | 60K | 60K |
| Diluted Shares Outstanding | 33.7M | 21.1M | 1.6M | 705K | 667K | 21.9M | 8.2M | - | - | 77.9M | 70.5M | 37.6M | 27.8M | 60K | 60K |
| Breakdown | FY 2025 (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Aug 31, 2018) |
FY 2017 (Aug 31, 2017) |
FY 2016 (Aug 31, 2016) |
FY 2015 (Aug 31, 2015) |
FY 2014 (Aug 31, 2014) |
FY 2013 (Aug 31, 2013) |
FY 2012 (Aug 31, 2012) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.31M | $3.07M | $4.46M | $3.17M | $21.73M | $3.93M | $2.36M | $199.67K | $1.44K | $10.20K | - | - | - | $38.00 |
| Accounts Receivable | $3.94M | $5.37M | $4.35M | $6.74M | $6.79M | $4.63M | $5.82M | - | - | $45.00 | - | - | - | - |
| Inventory | $2.08M | $3.87M | $6.61M | $10.26M | $5.25M | $4.87M | $6.58M | $9.40K | $14.88K | $6.40K | - | - | - | - |
| Other Current Assets | $794.00K | $484.00K | $812.00K | $1.05M | $2.94M | $4.07M | $2.64M | - | - | - | - | - | - | - |
| Total Current Assets | $8.13M | $15.00M | $16.23M | $27.52M | $43.92M | $17.56M | $17.58M | $209.08K | $16.32K | $16.64K | - | - | - | $38.00 |
| Property Plant & Equipment | $88.00K | $138.00K | $230.00K | $375.00K | $369.00K | $252.00K | $417.00K | - | - | - | $2.19K | $4.38K | $8.57K | $12.76K |
| Goodwill | - | $405.00K | - | - | $18.61M | $18.61M | $18.61M | - | - | - | - | - | - | - |
| Intangible Assets | - | - | - | $10.06M | $11.59M | $13.12M | $14.64M | - | - | - | - | - | - | - |
| Other Non-current Assets | $168.00K | $193.00K | $155.00K | $544.00K | $116.00K | $1.36M | $1.33M | - | - | - | - | - | - | - |
| Total Assets | $8.40M | $15.80M | $16.74M | $38.68M | $74.66M | $51.25M | $53.53M | $209.08K | $16.32K | $16.64K | $2.19K | $4.38K | $8.57K | $12.80K |
| Accounts Payable | $2.15M | $3.14M | $6.93M | $2.93M | $4.55M | $3.14M | $4.05M | - | - | - | $21.32K | $21.73K | $21.27K | $20.57K |
| Short-term Debt | - | - | - | - | - | $7.83M | $16.06M | - | - | - | - | - | - | - |
| Accrued Liabilities | $1.38M | - | - | - | - | $3.00M | $4.72M | - | - | - | - | - | - | - |
| Deferred Revenue | - | - | - | - | - | $350.00K | $311.00K | - | - | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | $1.88M | $47.00K | $500.00K | - | - | - | - | - | - | - |
| Total Current Liabilities | $3.54M | $7.15M | $13.69M | $5.58M | $7.34M | $54.58M | $33.03M | $2.86M | $1.20M | $590.96K | $59.87K | $37.40K | $89.36K | $68.66K |
| Deferred Tax Liabilities | - | - | - | - | $24.00K | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $8.00M | $7.15M | $13.76M | $17.15M | $16.79M | $79.36M | $50.04M | - | - | - | - | - | - | - |
| Common Stock | $31.00K | $2.00K | $32.00K | $29.00K | $29.00K | $52.00K | $48.00K | $79.68K | $78.23K | $77.78K | $37.58K | $37.58K | $60.00 | $60.00 |
| Retained Earnings | $-22.93M | $-321.51M | $-321.34M | $-298.57M | $-259.26M | $-260.64M | $-201.27M | $-6.06M | $-3.11M | $-1.37M | $-431.45K | $-381.78K | - | - |
| Total Stockholders Equity | $407.00K | $8.65M | $2.98M | $21.53M | $57.88M | $-28.10M | $-7.07M | $-2.65M | $-1.18M | $-574.32K | $-57.67K | $-33.02K | $-80.79K | $-55.86K |
| Total Liabilities & Equity | $8.40M | $15.80M | $16.74M | $38.68M | $74.66M | $51.25M | $53.53M | $209.08K | $16.32K | $16.64K | $2.19K | $4.38K | $8.57K | $12.80K |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Aug 31, 2018) |
FY 2017 (Aug 31, 2017) |
FY 2016 (Aug 31, 2016) |
FY 2015 (Aug 31, 2015) |
FY 2014 (Aug 31, 2014) |
FY 2013 (Aug 31, 2013) |
FY 2012 (Aug 31, 2012) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-40.52M | $-45.01M | $-168.00K | $-22.77M | $-39.32M | $3.39M | $-59.34M | $-184.46M | $-2.95M | $-1.74M | $-933.76K | $-49.67K | $-51.24K | $-94.17K | $-15.91K |
| Depreciation & Amortization | $77.00K | $31.00K | $130.00K | $1.68M | $1.69M | $1.66M | $1.75M | $171.00K | - | - | $2.19K | $2.19K | $4.19K | $4.19K | $4.19K |
| Stock-based Compensation | $4.24M | $3.21M | $833.00K | $1.77M | $2.97M | $4.14M | $8.94M | $10.28M | - | - | - | - | - | - | - |
| Deferred Income Tax | - | - | $9.00K | $-2.00K | - | - | - | - | - | - | - | - | - | - | - |
| Change in Receivables | $-6.67M | $-5.41M | $1.15M | $-2.39M | $66.00K | $2.14M | $-1.19M | $99.00K | - | $-45.00 | $45.00 | - | - | - | - |
| Change in Inventory | $-1.32M | $-496.00K | $-2.74M | $-4.12M | $6.82M | $642.00K | $-1.45M | $-232.00K | $-5.48K | $8.48K | $5.35K | - | - | - | - |
| Change in Payables | $-6.97M | $-5.99M | $-1.16M | $4.00M | $-761.00K | $773.00K | $-2.44M | $-1.70M | - | - | - | $-411.00 | $462.00 | $700.00 | $37.00 |
| Operating Cash Flow | $-12.23M | $-8.14M | $-4.36M | $97.00K | $-20.55M | $-11.86M | $-7.50M | $-20.97M | - | $-39.76K | $-180.60K | $-22.88K | $-22.62K | $-17.19K | $-17.74K |
| Capital Expenditure | - | - | $41.00K | $18.00K | $198.00K | $353.00K | $151.00K | $110.00K | - | - | $250.00K | - | - | - | - |
| Investing Cash Flow | $-3.33M | $5.91M | $-2.25M | $-18.00K | $-198.00K | $-353.00K | $-151.00K | $-20.21M | - | - | $-250.00K | - | - | - | - |
| Stock Issued | - | - | - | - | - | - | $18.05M | $15.83M | - | - | $14.50K | - | - | - | - |
| Stock Repurchased | - | $137.00K | $206.00K | - | - | $1.60M | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $35.57M | $12.17M | $5.22M | $-5.10M | $1.28M | $37.16M | $9.11M | $39.76M | - | $31.00K | $440.80K | $22.88K | $22.62K | $17.15K | $17.74K |
| Net Change in Cash | - | $1.41M | $-1.39M | $-5.02M | $-19.47M | $24.95M | $1.46M | $-1.41M | $159.05K | $-8.76K | $10.20K | - | - | $-38.00 | $1.00 |
SEC Filing Format - Data shown as it appears in the Q1 2025 (10-Q) filing
Period ended: Dec 31, 2025
Condensed Consolidated Statements of Operations
| Description | Dec 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Total Revenue | $2.81M | - |
| Cost of Revenue | $1.75M | - |
| Gross Profit | $1.05M | - |
| Operating Expenses | $4.84M | - |
| Selling General & Admin | $4.84M | - |
| Operating Income | $-3.79M | - |
| Interest Expense | $1.29M | - |
| Other Income/Expense | $4.00K | - |
| Income Before Tax | $-8.61M | - |
| Income Tax Expense | $4.00K | - |
| Net Income | $-8.61M | $-3.98M |
| Basic EPS | -0.26 | -0.17 |
| Diluted EPS | -0.26 | -0.17 |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2025 | Sep 30, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $13.06M | $1.31M |
| Accounts Receivable | $3.06M | $3.94M |
| Inventory | $1.32M | $2.08M |
| Other Current Assets | $1.40M | $794.00K |
| Total Current Assets | $18.84M | $8.13M |
| Property Plant & Equipment | $73.00K | $88.00K |
| Other Non-current Assets | $147.00K | $168.00K |
| Total Assets | $27.05M | $8.40M |
| Accounts Payable | $1.25M | $2.15M |
| Accrued Liabilities | $1.25M | $1.38M |
| Total Current Liabilities | $23.53M | $3.54M |
| Total Liabilities | $23.53M | $8.00M |
| Common Stock | $102.00K | $31.00K |
| Retained Earnings | $-31.54M | $-22.93M |
| Total Stockholders Equity | $3.52M | $407.00K |
| Total Liabilities & Equity | $27.05M | $8.40M |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Net Income | $-8.61M | $-3.98M |
| Depreciation & Amortization | $15.00K | $920.00K |
| Stock-based Compensation | $961.00K | $424.00K |
| Change in Receivables | $-897.00K | $-5.52M |
| Change in Inventory | $-760.00K | $-1.17M |
| Change in Payables | $-900.00K | $-2.71M |
| Operating Cash Flow | $-2.92M | $1.46M |
| Investing Cash Flow | $-8.46M | $2.69M |
| Stock Issued | $16.09M | - |
| Financing Cash Flow | $23.13M | $-3.55M |
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.