$124.00K
Revenue
$-10.78M
Net Income
-
Gross Margin
-8729.03%
Op. Margin
$-11.57M
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) |
|---|---|---|---|---|---|
| Total Revenue | $124.00K | $181.00K | - | $134.00K | $571.00K |
| Revenue Growth % | -31.5% | nan% | -100.0% | -76.5% | nan% |
| Cost of Revenue | $124.00K | $172.00K | - | $101.00K | $373.00K |
| Gross Profit | - | $9.00K | - | $33.00K | $198.00K |
| Gross Margin % | 0.0% | 5.0% | nan% | 24.6% | 34.7% |
| Operating Expenses | $10.82M | $9.59M | $8.89M | $13.05M | $12.41M |
| Research & Development | $5.49M | $4.50M | $4.51M | $5.85M | $6.77M |
| Operating Income | $-10.82M | $-9.59M | $-8.89M | $-13.02M | $-12.22M |
| Operating Margin % | -8729.0% | -5295.6% | nan% | -9714.2% | -2139.6% |
| Other Income/Expense | $57.00K | $58.00K | $31.00K | $83.00K | $-29.00K |
| Income Before Tax | - | $-9.53M | $-8.86M | $-12.93M | $-12.25M |
| Income Tax Expense | - | $14.00K | $29.00K | $137.00K | $-59.00K |
| Net Income | $-10.78M | $-9.54M | $-8.89M | $-13.07M | $-12.19M |
| Net Margin % | -8694.4% | -5271.3% | nan% | -9754.5% | -2134.3% |
| Basic EPS | 0.25 | 0.25 | 0.31 | 0.45 | 0.47 |
| Diluted EPS | 0.25 | 0.25 | 0.31 | 0.45 | 0.47 |
| Basic Shares Outstanding | 47.1M | 37.7M | 29.0M | 28.8M | 26.1M |
| Diluted Shares Outstanding | 47.1M | 37.7M | 29.0M | 28.8M | 26.1M |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $8.66M | $11.02M | $12.31M | $24.89M |
| Accounts Receivable | $126.00K | - | $246.00K | $183.00K |
| Other Current Assets | $186.00K | $238.00K | $294.00K | $254.00K |
| Total Current Assets | $8.97M | $11.26M | $12.85M | $25.33M |
| Property Plant & Equipment | $57.00K | $100.00K | $139.00K | $156.00K |
| Total Assets | $9.39M | $11.77M | $13.13M | $25.99M |
| Accounts Payable | $132.00K | $83.00K | $17.00K | $166.00K |
| Deferred Revenue | - | - | - | $15.00K |
| Total Current Liabilities | $1.18M | $1.09M | $1.34M | $3.16M |
| Total Liabilities | $1.31M | $1.38M | $1.37M | $3.42M |
| Common Stock | $1.00K | $1.00K | - | - |
| Retained Earnings | $-113.93M | $-104.39M | $-95.50M | $-82.43M |
| Total Stockholders Equity | $8.08M | $10.39M | $11.75M | $22.57M |
| Total Liabilities & Equity | $9.39M | $11.77M | $13.13M | $25.99M |
| 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) |
|---|---|---|---|---|---|
| Net Income | $-13.35M | $-9.54M | $-8.89M | $-13.07M | $-12.19M |
| Stock-based Compensation | $4.32M | $2.56M | $1.69M | $2.25M | $1.86M |
| Deferred Income Tax | - | $14.00K | $29.00K | $174.00K | $-217.00K |
| Change in Receivables | - | $126.00K | $-246.00K | $63.00K | $-72.00K |
| Change in Payables | $285.00K | $49.00K | $66.00K | $-149.00K | $2.00K |
| Operating Cash Flow | $-11.44M | $-6.82M | $-7.31M | $-12.50M | $-9.06M |
| Capital Expenditure | $128.00K | $3.00K | $17.00K | $47.00K | $17.00K |
| Investing Cash Flow | $-128.00K | $-3.00K | $-17.00K | $-102.00K | $-17.00K |
| Stock Issued | $21.98M | $3.96M | $5.00K | - | $21.80M |
| Financing Cash Flow | $43.38M | $4.48M | $6.04M | $13.00K | $25.38M |
| Net Change in Cash | - | $-2.35M | $-1.29M | $-12.59M | $16.30M |
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 | - | $42.00K | $42.00K | $99.00K |
| Cost of Revenue | - | $42.00K | $42.00K | $90.00K |
| Gross Profit | - | - | - | $9.00K |
| Operating Expenses | $3.26M | $3.02M | $8.49M | $7.26M |
| Research & Development | $1.64M | $1.48M | $4.29M | $3.30M |
| Operating Income | $-3.26M | $-3.02M | $-8.49M | $-7.25M |
| Other Income/Expense | $56.00K | - | $64.00K | $65.00K |
| Net Income | $-3.20M | $-3.02M | $-8.42M | $-7.18M |
| Basic EPS | 0.07 | 0.08 | 0.18 | 0.19 |
| Diluted EPS | 0.07 | 0.08 | 0.18 | 0.19 |
| Basic Shares Outstanding | $47.09M | $37.64M | $45.83M | $37.16M |
| Diluted Shares Outstanding | $47.09M | $37.64M | $45.83M | $37.16M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $8.57M | $8.66M |
| Accounts Receivable | - | $126.00K |
| Other Current Assets | $405.00K | $186.00K |
| Total Current Assets | $17.01M | $8.97M |
| Property Plant & Equipment | $114.00K | $57.00K |
| Total Assets | $17.41M | $9.39M |
| Accounts Payable | $216.00K | $132.00K |
| Total Current Liabilities | $1.57M | $1.18M |
| Total Liabilities | $2.17M | $1.31M |
| Common Stock | $1.00K | $1.00K |
| Retained Earnings | $-122.35M | $-113.93M |
| Total Stockholders Equity | $15.23M | $8.08M |
| Total Liabilities & Equity | $17.41M | $9.39M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-3.20M | $-3.02M | $-8.42M | $-7.18M |
| Stock-based Compensation | - | - | $2.04M | $1.99M |
| Change in Receivables | - | - | $-126.00K | $133.00K |
| Change in Payables | - | - | $84.00K | $101.00K |
| Operating Cash Flow | - | - | $-5.54M | $-5.35M |
| Capital Expenditure | - | - | $80.00K | - |
| Investing Cash Flow | - | - | $-80.00K | - |
| Stock Issued | - | - | $6.25M | $620.00K |
| Financing Cash Flow | - | - | $13.54M | $1.26M |
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.