$4.77M
Revenue
$-1.79M
Net Income
-
Gross Margin
-16.88%
Op. Margin
$-592.50K
Free Cash Flow
| Breakdown | TTM (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) |
|---|---|---|---|---|---|---|
| Total Revenue | $4.77M | $4.31M | $2.90M | $4.14M | $3.48M | $2.91M |
| Revenue Growth % | 10.5% | 48.7% | -29.9% | 19.0% | 19.4% | nan% |
| Cost of Revenue | - | - | - | - | - | $2.25M |
| Gross Profit | - | - | - | - | - | $665.90K |
| Gross Margin % | nan% | nan% | nan% | nan% | nan% | 22.9% |
| Operating Expenses | $5.57M | $5.34M | $4.58M | $6.22M | $4.21M | $5.07M |
| Selling General & Admin | - | - | - | $1.26M | $1.02M | $1.22M |
| Operating Income | $-804.60K | $-1.03M | $-1.68M | $-2.08M | $-736.30K | $-2.16M |
| Operating Margin % | -16.9% | -23.9% | -58.1% | -50.3% | -21.2% | -74.1% |
| Interest Expense | $331.30K | $33.60K | $877.10K | $801.60K | $37.50K | $913.90K |
| Other Income/Expense | - | $150.10K | $20.40K | $77.10K | $31.10K | $308.60K |
| Income Before Tax | - | - | - | - | $227.60K | $-2.33M |
| Net Income | $-1.79M | $-1.80M | $-2.37M | $-2.64M | $519.70K | $-2.73M |
| Net Margin % | -37.6% | -41.8% | -81.8% | -63.8% | 14.9% | -93.7% |
| Basic EPS | -0.04 | -0.03 | -0.04 | -0.04 | 0.01 | -0.04 |
| Diluted EPS | -0.04 | -0.03 | -0.04 | -0.04 | 0.01 | -0.04 |
| Basic Shares Outstanding | 68.9M | 65.1M | 65.1M | 65.1M | 65.1M | 64.1M |
| Diluted Shares Outstanding | 68.9M | 65.1M | 65.1M | 65.1M | 65.2M | 64.1M |
| Breakdown | 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $537.10K | $57.90K | $21.50K | $188.80K | $47.30K |
| Accounts Receivable | $591.00K | $340.80K | $640.50K | $536.60K | $375.60K |
| Inventory | $2.10K | $16.80K | $9.40K | $201.70K | $250.20K |
| Other Current Assets | $102.60K | $81.40K | $85.80K | $111.30K | $110.60K |
| Total Current Assets | $1.23M | $568.20K | $895.90K | $1.04M | $790.50K |
| Property Plant & Equipment | $44.00K | $33.60K | $255.70K | $433.00K | $548.00K |
| Long-term Investments | - | - | $182.20K | - | - |
| Other Non-current Assets | $40.00K | $40.00K | $40.20K | $40.60K | $50.50K |
| Total Assets | $1.46M | $851.00K | $1.64M | $2.24M | $2.22M |
| Accounts Payable | $905.00K | $816.60K | $1.09M | $471.20K | $1.11M |
| Accrued Liabilities | $4.76M | $3.76M | $2.96M | $2.23M | $1.98M |
| Deferred Revenue | $1.13M | $829.80K | $536.00K | $525.90K | $323.90K |
| Other Current Liabilities | $220.10K | $201.40K | $184.00K | $96.60K | $590.30K |
| Total Current Liabilities | $14.50M | $12.15M | $10.49M | $8.53M | $10.58M |
| Long-term Debt | $1.84M | $1.84M | - | $1.62M | $30.30K |
| Total Liabilities | $16.41M | $14.14M | $12.55M | $10.43M | $10.95M |
| Common Stock | $65.10K | $65.10K | $65.10K | $65.10K | $65.10K |
| Retained Earnings | $-36.18M | $-34.38M | $-32.01M | $-29.36M | $-29.69M |
| Total Stockholders Equity | $-13.00M | $-11.34M | $-8.97M | $-6.33M | $-6.67M |
| Total Liabilities & Equity | $1.46M | $851.00K | $1.64M | $2.24M | $2.22M |
| Breakdown | TTM (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) |
|---|---|---|---|---|---|---|
| Net Income | $-2.82M | $-1.80M | $-2.37M | $-2.64M | $519.70K | $-2.73M |
| Depreciation & Amortization | $19.90K | $15.00K | $22.60K | $90.80K | $134.00K | $160.30K |
| Stock-based Compensation | - | $144.00K | - | - | $12.60K | $19.00K |
| Change in Receivables | $354.00K | $250.20K | $-454.70K | $283.10K | $160.00K | $-322.00K |
| Change in Inventory | - | $-14.70K | $7.40K | $-192.30K | $106.20K | $291.40K |
| Operating Cash Flow | $-586.40K | $-436.10K | $-937.50K | $-1.02M | $-1.55M | $-1.69M |
| Capital Expenditure | $6.10K | $22.70K | $14.90K | $18.40K | $3.00K | $131.60K |
| Investing Cash Flow | $-6.10K | $36.80K | $323.60K | $-8.30K | $189.10K | $160.50K |
| Debt Repayment | - | - | $239.70K | $85.00K | $154.10K | - |
| Financing Cash Flow | $-154.00K | $878.50K | $650.30K | $865.00K | $1.50M | $1.22M |
| Net Change in Cash | $-746.50K | $479.20K | $36.40K | $-167.30K | $141.50K | $-307.40K |
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 | $1.09M | - | $3.09M | - |
| Operating Expenses | $1.28M | - | $3.83M | - |
| Research & Development | - | - | - | - |
| Operating Income | $-190.90K | - | $-734.50K | - |
| Interest Expense | $264.80K | - | $746.10K | - |
| Other Income/Expense | $200.00 | - | $-746.10K | - |
| Net Income | $-455.00K | $-676.00K | $-1.48M | - |
| Basic EPS | -0.01 | - | -0.02 | - |
| Diluted EPS | -0.01 | - | -0.02 | - |
| Basic Shares Outstanding | $68.89M | - | $68.05M | - |
| Diluted Shares Outstanding | $68.89M | - | $68.05M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $183.00K | $537.10K |
| Accounts Receivable | $679.00K | $591.00K |
| Inventory | $2.10K | $2.10K |
| Other Current Assets | $207.70K | $102.60K |
| Total Current Assets | $1.07M | $1.23M |
| Property Plant & Equipment | $40.80K | $44.00K |
| Intangible Assets | $12.70K | $14.70K |
| Other Non-current Assets | $40.30K | $40.00K |
| Total Assets | $1.28M | $1.46M |
| Accounts Payable | $1.44M | $905.00K |
| Short-term Debt | $9.09M | $9.20M |
| Accrued Liabilities | $5.47M | $4.76M |
| Deferred Revenue | $67.80K | $20.60K |
| Other Current Liabilities | $237.10K | $220.10K |
| Total Current Liabilities | $15.57M | $14.50M |
| Long-term Debt | $1.84M | $1.84M |
| Total Liabilities | $17.47M | $16.41M |
| Common Stock | $68.90K | $65.10K |
| Retained Earnings | $-37.66M | $-36.18M |
| Total Stockholders Equity | $-14.23M | $-13.00M |
| Total Liabilities & Equity | $1.28M | $1.46M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-455.00K | $-676.00K | $-1.48M | - |
| Depreciation & Amortization | $3.10K | - | $9.70K | - |
| Change in Receivables | - | - | $88.00K | - |
| Operating Cash Flow | - | - | $-410.70K | - |
| Capital Expenditure | - | - | $4.50K | - |
| Investing Cash Flow | - | - | $-4.50K | - |
| Stock Issued | - | - | $9.00K | - |
| Financing Cash Flow | - | - | $61.10K | - |
| Net Change in Cash | - | - | $-354.10K | - |
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.