$124.00K
Revenue
$-10.78M
Net Income
-
Gross Margin
-8729.03%
Op. Margin
$-11.57M
Free Cash Flow
| Breakdown | Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | - | - | $42.00K | $82.00K | $42.00K | $57.00K | - | - | - | - | - | $14.00K | $8.00K | $44.00K | $68.00K |
| Revenue Growth % (YoY) | -100.0% | -100.0% | nan% | nan% | nan% | nan% | nan% | -100.0% | -100.0% | -100.0% | -100.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | - | - | $42.00K | $82.00K | $42.00K | $48.00K | - | - | - | - | - | $8.00K | $6.00K | $33.00K | $54.00K |
| Gross Profit | - | - | - | - | - | $9.00K | - | - | - | - | - | $6.00K | $2.00K | $11.00K | $14.00K |
| Gross Margin % | nan% | nan% | 0.0% | 0.0% | 0.0% | 15.8% | nan% | nan% | nan% | nan% | nan% | 42.9% | 25.0% | 25.0% | 20.6% |
| Operating Expenses | $3.26M | $2.67M | $2.56M | $2.34M | $3.02M | $2.17M | $2.06M | $1.96M | $2.39M | $2.33M | $2.21M | $3.07M | $2.87M | $3.26M | $3.85M |
| Research & Development | $1.64M | $1.52M | $1.12M | $1.20M | $1.48M | $1.09M | $735.00K | $1.00M | $1.37M | $1.21M | $931.00K | $1.35M | $1.41M | $1.39M | $1.69M |
| Operating Income | $-3.26M | $-2.67M | $-2.56M | $-2.34M | $-3.02M | $-2.17M | $-2.06M | $-1.96M | $-2.39M | $-2.33M | $-2.21M | $-3.07M | $-2.87M | $-3.25M | $-3.83M |
| Operating Margin % | nan% | nan% | -6102.4% | -2850.0% | -7192.9% | -3798.2% | nan% | nan% | nan% | nan% | nan% | -21914.3% | -35812.5% | -7384.1% | -5639.7% |
| Other Income/Expense | $56.00K | $12.00K | $-4.00K | $-7.00K | - | $20.00K | $45.00K | $-32.00K | $36.00K | $5.00K | $22.00K | $-13.00K | $-8.00K | $60.00K | $44.00K |
| Income Before Tax | - | - | - | $-2.34M | $-3.02M | - | - | $-2.00M | $-2.35M | $-2.33M | $-2.19M | $-3.08M | $-2.87M | $-3.19M | $-3.79M |
| Income Tax Expense | - | - | - | $14.00K | - | - | - | - | $29.00K | - | - | $-46.00K | $194.00K | $-4.00K | $-7.00K |
| Net Income | $-3.20M | $-2.66M | $-2.57M | $-2.36M | $-3.02M | $-2.15M | $-2.02M | $-2.00M | $-2.38M | $-2.33M | $-2.19M | $-3.04M | $-3.07M | $-3.19M | $-3.78M |
| Net Margin % | nan% | nan% | -6111.9% | -2875.6% | -7192.9% | -3763.2% | nan% | nan% | nan% | nan% | nan% | -21678.6% | -38337.5% | -7238.6% | -5564.7% |
| Basic EPS | 0.07 | 0.06 | 0.06 | 0.06 | 0.08 | 0.06 | 0.05 | 0.07 | 0.08 | 0.08 | 0.08 | 0.10 | 0.11 | 0.11 | nan |
| Diluted EPS | 0.07 | 0.06 | 0.06 | 0.06 | 0.08 | 0.06 | 0.05 | 0.07 | 0.08 | 0.08 | 0.08 | 0.10 | 0.11 | 0.11 | nan |
| Basic Shares Outstanding | 47.1M | 46.8M | 43.4M | 487K | 37.6M | 37.1M | 36.7M | 196K | 28.8M | 28.8M | 28.8M | 620 | 28.8M | 28.8M | - |
| Diluted Shares Outstanding | 47.1M | 46.8M | 43.4M | 487K | 37.6M | 37.1M | 36.7M | 196K | 28.8M | 28.8M | 28.8M | 620 | 28.8M | 28.8M | - |
| Breakdown | Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $8.57M | $10.86M | $12.57M | $8.66M | $6.92M | $9.06M | $9.19M | $11.02M | $7.58M | $9.13M | $10.69M | $12.31M | $14.32M | $17.28M | $20.11M |
| Accounts Receivable | - | - | $126.00K | $126.00K | $42.00K | $57.00K | - | - | - | $29.00K | $29.00K | $246.00K | $233.00K | $225.00K | $210.00K |
| Other Current Assets | $405.00K | $438.00K | $519.00K | $186.00K | $383.00K | $482.00K | $562.00K | $238.00K | $431.00K | $650.00K | $653.00K | $294.00K | $634.00K | $922.00K | $1.32M |
| Total Current Assets | $17.01M | $19.31M | $21.22M | $8.97M | $7.34M | $9.60M | $9.75M | $11.26M | $8.02M | $9.81M | $11.37M | $12.85M | $15.19M | $18.43M | $21.64M |
| Property Plant & Equipment | $114.00K | $79.00K | $57.00K | $57.00K | $65.00K | $76.00K | $87.00K | $100.00K | $108.00K | $122.00K | $136.00K | $139.00K | $152.00K | $166.00K | $163.00K |
| Total Assets | $17.41M | $19.67M | $21.60M | $9.39M | $7.74M | $10.04M | $10.24M | $11.77M | $8.56M | $10.45M | $11.61M | $13.13M | $15.54M | $19.09M | $22.31M |
| Accounts Payable | $216.00K | $383.00K | $134.00K | $132.00K | $184.00K | $69.00K | $66.00K | $83.00K | $564.00K | $240.00K | $150.00K | $17.00K | $413.00K | $109.00K | $199.00K |
| Deferred Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Current Liabilities | $1.57M | $1.84M | $1.62M | $1.18M | $1.11M | $1.29M | $1.12M | $1.09M | $2.03M | $1.86M | $1.49M | $1.34M | $1.19M | $1.69M | $2.33M |
| Total Liabilities | $2.17M | $2.41M | $2.22M | $1.31M | $1.29M | $1.50M | $1.38M | $1.38M | $2.33M | $2.21M | $1.53M | $1.37M | $1.23M | $1.82M | $2.57M |
| Common Stock | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | - | - | - | - | - | - | - |
| Retained Earnings | $-122.35M | $-119.15M | $-116.49M | $-113.93M | $-111.57M | $-108.55M | $-106.40M | $-104.39M | $-102.39M | $-100.01M | $-97.69M | $-95.50M | $-92.46M | $-89.39M | $-86.21M |
| Total Stockholders Equity | $15.23M | $17.26M | $19.38M | $8.08M | $6.45M | $8.53M | $8.86M | $10.39M | $6.24M | $8.23M | $10.08M | $11.75M | $14.31M | $17.27M | $19.75M |
| Total Liabilities & Equity | $17.41M | $19.67M | $21.60M | $9.39M | $7.74M | $10.04M | $10.24M | $11.77M | $8.56M | $10.45M | $11.61M | $13.13M | $15.54M | $19.09M | $22.31M |
| Breakdown | Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-3.20M | $-5.22M | $-2.57M | $-2.36M | $-7.18M | $-2.15M | $-2.02M | $-2.00M | $-6.89M | $-4.51M | $-2.19M | $-3.04M | $-10.04M | $-3.19M | $-3.78M |
| Stock-based Compensation | $2.04M | $1.11M | $604.00K | $566.00K | $1.99M | $1.06M | $464.00K | $318.00K | $1.37M | $988.00K | $516.00K | $477.00K | $1.77M | $1.66M | $964.00K |
| Deferred Income Tax | - | - | - | $14.00K | - | - | - | - | $29.00K | - | - | $23.00K | $151.00K | $-63.00K | $-33.00K |
| Change in Receivables | $-126.00K | $-126.00K | - | $84.00K | $42.00K | $57.00K | - | - | $-246.00K | $-217.00K | $-217.00K | $13.00K | $50.00K | $42.00K | $27.00K |
| Change in Payables | $84.00K | $251.00K | $2.00K | $-52.00K | $101.00K | $-14.00K | $-17.00K | $-481.00K | $547.00K | $223.00K | $133.00K | $-396.00K | $247.00K | $-57.00K | $33.00K |
| Operating Cash Flow | $-5.54M | $-3.04M | $-1.40M | $-1.47M | $-5.35M | $-3.20M | $-1.86M | $-2.62M | $-4.69M | $-3.17M | $-1.61M | $-2.01M | $-10.49M | $-7.62M | $-4.79M |
| Capital Expenditure | $80.00K | $37.00K | $8.00K | $3.00K | - | - | - | $5.00K | $12.00K | $12.00K | $11.00K | $3.00K | $44.00K | $42.00K | $23.00K |
| Investing Cash Flow | $-80.00K | $-37.00K | $-8.00K | $-3.00K | - | - | - | $-5.00K | $-12.00K | $-12.00K | $-11.00K | $-3.00K | $-99.00K | $-42.00K | $-23.00K |
| Stock Issued | $6.25M | $6.18M | $6.18M | $3.36M | $601.00K | $601.00K | - | - | $5.00K | $5.00K | - | - | - | - | - |
| Financing Cash Flow | $13.54M | $13.29M | $13.34M | $3.22M | $1.26M | $1.25M | $30.00K | $6.03M | $5.00K | $5.00K | - | - | $13.00K | $13.00K | - |
| Net Change in Cash | - | $10.21M | $11.93M | $1.75M | $-4.09M | $-1.95M | $-1.83M | $3.41M | $-4.70M | $-3.17M | $-1.62M | $-2.01M | $-10.57M | $-7.65M | $-4.82M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.