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-
Revenue
$-2.87M
Net Income
-
Gross Margin
-
Op. Margin
$-1.44M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 5 of 10 annual reports available (2012 - 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)
Operating Expenses $3.72M $3.72M $4.06M $3.19M $3.93M $2.17M
Research & Development $2.31M $2.31M $2.33M $1.85M $2.35M $1.10M
Operating Income $-3.72M $-3.72M $-4.06M $-3.19M $-3.93M $-2.17M
Other Income/Expense $10.00 $840.53K $2.64M $135.72K $-27.91K $32.56K
Net Income $-2.87M $-2.87M $-1.42M $-3.06M $-3.96M $-2.14M
Basic EPS nan -0.01 -0.01 -0.01 -0.01 -0.01
Diluted EPS nan -0.01 -0.01 -0.01 nan nan
Basic Shares Outstanding 1.3M 312.2M 303.9M 300.0M 278.8M 269.6M
Diluted Shares Outstanding 1.3M 312.2M 303.9M 300.0M - -
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)
Cash & Cash Equivalents $65.20K $48.80K $41.01K $211.90K $1.16M
Total Current Assets $76.75K $81.29K $76.76K $255.02K $1.21M
Property Plant & Equipment $555.11K $539.65K $587.31K $420.12K $377.64K
Intangible Assets $61.10K - - - -
Total Assets $1.41M $1.39M $1.03M $1.11M $1.84M
Accounts Payable - - - $37.13K $11.06K
Total Current Liabilities $2.98M $2.21M $1.50M $638.72K $496.16K
Total Liabilities $5.11M $4.24M $4.59M $3.46M $3.23M
Common Stock $317.87K $307.96K $302.75K $289.94K $274.00K
Retained Earnings $-60.13M $-57.26M $-55.84M $-52.78M $-48.82M
Total Stockholders Equity $-3.71M $-2.85M $-3.56M $-2.36M $-1.40M
Total Liabilities & Equity $1.41M $1.39M $1.03M $1.11M $1.84M
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)
Net Income $-3.12M $-2.87M $-1.42M $-3.06M $-3.96M $-2.14M
Depreciation & Amortization $271.80K $145.85K $118.80K $216.78K $138.46K $131.72K
Stock-based Compensation - $956.61K $1.65M - - -
Change in Payables - $-66.09K $200.63K $-12.20K - -
Operating Cash Flow $-1.13M $-845.00K $-1.00M $-1.60M $-2.04M $-2.47M
Capital Expenditure $309.68K $68.90K $71.14K $287.83K $138.17K $216.39K
Investing Cash Flow $-485.27K $-137.34K $-115.79K $-320.50K $-205.52K $-233.13K
Debt Repayment - - - $50.00K - -
Stock Issued - $745.00K $197.00K $1.00M $1.17M $2.26M
Financing Cash Flow $1.55M $998.75K $1.13M $1.75M $1.29M $3.58M
Net Change in Cash $-65.58K $16.40K $7.79K $-170.89K $-952.76K $878.09K
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 - - - -
Operating Expenses $836.25K - $2.43M -
Research & Development $485.68K - $1.31M -
Operating Income $-836.25K - $-2.43M -
Other Income/Expense $5.00 - $7.00 -
Income Tax Expense - - - -
Net Income $-422.55K $-548.82K $-1.59M -
Basic EPS -0.00 - -0.01 -
Diluted EPS -0.00 - -0.01 -
Basic Shares Outstanding $312.17M - $310.84M -
Diluted Shares Outstanding $312.17M - $310.84M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $95.19K $48.80K
Total Current Assets $106.64K $81.29K
Property Plant & Equipment $585.41K $539.65K
Total Assets $1.49M $1.39M
Total Current Liabilities $2.39M $2.21M
Total Liabilities $4.54M $4.24M
Common Stock $314.72K $307.96K
Retained Earnings $-58.84M $-57.26M
Total Stockholders Equity $-3.06M $-2.85M
Total Liabilities & Equity $1.49M $1.39M
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $-422.55K $-548.82K $-1.59M -
Depreciation & Amortization - - $127.44K -
Change in Payables - - $-49.37K -
Operating Cash Flow - - $-452.69K -
Capital Expenditure - - $68.90K -
Investing Cash Flow - - $-127.16K -
Stock Issued - - $435.00K -
Financing Cash Flow - - $626.25K -
Net Change in Cash - - $46.40K -

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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