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Customize Items
$72.10K
Revenue
$-4.23M
Net Income
38.57%
Gross Margin
-5936.95%
Op. Margin
$-9.23M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 10 of 10 annual reports available (2011 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
FY 2011
(Dec 31, 2011)
+ Total Revenue $72.10K $72.10K $72.10K $72.10K $72.10K - $40.57K - - - -
Revenue Growth % 0.0% 0.0% 0.0% 0.0% nan% nan% nan% nan% nan% nan% nan%
Cost of Revenue $44.30K $44.30K $5.84K $5.84K $5.84K $5.00K $27.39K - - - -
+ Gross Profit $27.81K $27.81K $66.26K $66.26K $66.26K $66.26K $13.18K - - - -
Gross Margin % 38.6% 38.6% 91.9% 91.9% 91.9% nan% 32.5% nan% nan% nan% nan%
Operating Expenses $4.31M $4.31M $4.77M $3.92M $3.69M $2.81M $943.59K $594.24K $72.61K $39.45K $49.80K
Research & Development $2.16M $2.16M $2.37M $845.09K $1.29M $693.91K - - - - -
Selling General & Admin - - - $390.07K $227.26K $162.95K - - - - -
+ Operating Income $-4.28M $-4.28M $-4.71M $-3.86M $-3.63M $-2.74M $-930.40K $-594.24K - - -
Operating Margin % -5937.0% -5937.0% -6526.4% -5347.4% -5031.3% nan% -2293.4% nan% nan% nan% nan%
Interest Expense $43.08K $37.30K $5.08K $4.87K $2.20K $3.04K $62.74K - $1.14K - -
Interest Income - $207.00 - - - - - - $625.00 - -
Other Income/Expense $52.96K $52.96K $312.81K $224.51K $-279.73K $6.93M $-82.89K $-375.22K - - -
Income Before Tax $-4.23M $-4.23M $-4.39M $-3.63M $-3.91M $4.18M - - - - -
Income Tax Expense - - - - - $24.88K - - - - -
+ Net Income $-4.23M $-4.23M $-4.39M $-3.70M $-3.91M $3.90M $-1.01M $-969.46K - $-39.45K $-49.80K
Net Margin % -5863.5% -5863.5% -6092.6% -5132.6% -5420.9% nan% -2497.7% nan% nan% nan% nan%
Basic EPS nan -0.50 -1.19 -1.20 nan 0.04 nan -0.02 nan nan nan
Diluted EPS nan -0.50 -1.19 -1.20 nan 0.04 nan -0.02 nan nan nan
Basic Shares Outstanding 1.7M 8.4M 3.7M 3.1M 2.3M 94.9M - - - - -
Diluted Shares Outstanding 1.7M 8.4M 3.7M 3.1M 2.3M 95.9M - 49.1M - - -
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
FY 2011
(Dec 31, 2011)
Cash & Cash Equivalents $4.75M $3.91M $3.52M $11.37M $9.84M $111.75K $336.68K $2.01M $279.00 $1.75K
Short-term Investments $2.11M $3.17M $4.14M - - - - - - -
Accounts Receivable - - - $66.01K - - - - - -
Inventory - - - - - $156.37K $26.97K - - -
Other Current Assets $98.58K $30.96K $15.97K $135.89K $145.32K $16.33K $34.03K - - -
Total Current Assets $7.39M $7.11M $7.68M $11.57M $10.40M $493.85K $625.98K - $279.00 $1.75K
Intangible Assets $217.38K $241.22K - - - - $29.44K - - -
Other Non-current Assets - - - - $61.21K - - - - -
Total Assets $7.61M $7.41M $7.75M $11.64M $10.49M $493.85K $855.42K $2.21M $279.00 $1.75K
Accounts Payable - - - - - - - - - $3.50K
Deferred Revenue $72.10K $72.10K $72.10K $72.10K $72.10K - - - - -
Total Current Liabilities $650.18K $1.66M $775.59K $436.32K $490.04K $116.74K $47.98K - $25.69K $3.50K
Total Liabilities $1.30M $2.38M $1.57M $1.30M $1.43M - - $18.72K $41.47K $3.50K
Common Stock $1.33K $449.00 $316.00 $316.00 $9.86K $2.36K $2.34K $4.06K $3.06K $3.06K
Retained Earnings $-19.49M $-15.26M $-10.87M $-7.17M $-3.26M $-2.66M $-1.64M - - -
Treasury Stock - - $471.12K - - - - - - -
Total Stockholders Equity $6.31M $5.03M $6.18M $10.34M $9.06M $-22.89K $407.44K $1.79M $-41.19K $-1.75K
Total Liabilities & Equity $7.61M $7.41M $7.75M $11.64M $10.49M $493.85K $855.42K $2.21M $279.00 $1.75K
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
FY 2011
(Dec 31, 2011)
Net Income $-4.23M $-4.23M $-4.39M $-3.70M $-3.91M $3.90M $-1.01M $-969.46K - $-39.45K $-49.80K
Stock-based Compensation $312.94K $117.02K $906.77K $871.62K $577.65K $395.12K $319.59K $145.00K - - -
Change in Receivables - - - $3.59K $4.80K $1.21K - - - - -
Change in Inventory - - - - - - $129.39K $26.97K - - -
Operating Cash Flow $-9.23M $-4.66M $-3.83M $-3.22M $-3.50M $-2.28M $-794.32K $272.64K $-181.61K $-21.47K $-46.30K
Purchases of Investments - - - - - - - - $180.00K - -
Investing Cash Flow $2.77M $644.02K $973.78K $-4.15M $86.71K $7.19M $186.74K $-250.00K - - -
Stock Issued - - $1.67M - $4.94M - - $24.50K $2.00M - $575.00
Financing Cash Flow - $4.86M $3.24M $-471.12K $4.94M $3.79M $382.66K $19.45K $2.19M $20.00K $575.00
Net Change in Cash - - - - - - $-224.93K $42.09K $2.01M $-1.47K $-45.73K
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 $18.02K - $54.08K -
Cost of Revenue $20.69K - $23.61K -
Gross Profit $-2.66K - $30.47K -
Operating Expenses $1.15M - $3.52M -
Research & Development $543.62K - $1.85M -
Operating Income $-1.15M - $-3.49M -
Interest Expense $886.00 - $4.60K -
Other Income/Expense $41.03K - $147.97K -
Income Before Tax $-1.11M - $-3.35M -
Income Tax Expense - - - -
Net Income $-1.11M $-931.78K $-3.35M -
Basic EPS -0.12 - -0.50 -
Diluted EPS -0.12 - -0.50 -
Basic Shares Outstanding $9.33M - $6.72M -
Diluted Shares Outstanding $9.33M - $6.72M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $3.92M $3.91M
Short-term Investments $1.95M $3.17M
Other Current Assets $225.88K $30.96K
Total Current Assets $6.16M $7.11M
Intangible Assets $220.31K $241.22K
Total Assets $6.38M $7.41M
Deferred Revenue $72.10K $72.10K
Total Current Liabilities $708.34K $1.66M
Total Liabilities $1.38M $2.38M
Common Stock $1.05K $449.00
Retained Earnings $-18.61M $-15.26M
Total Stockholders Equity $5.01M $5.03M
Total Liabilities & Equity $6.38M $7.41M
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $-1.11M $-931.78K $-3.35M -
Stock-based Compensation - - $64.71K -
Operating Cash Flow - - $-3.88M -
Investing Cash Flow - - $1.16M -
Stock Issued - - - -
Financing Cash Flow - - $2.73M -

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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