$3.71M
Revenue
$-6.76M
Net Income
14.74%
Gross Margin
-49.42%
Op. Margin
$-2.74M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | $3.71M | $4.18M | $5.15M | $7.94M | $12.69M | $24.73M |
| Revenue Growth % | -11.3% | -18.9% | -35.1% | -37.4% | -48.7% | nan% |
| Cost of Revenue | $3.16M | $3.55M | $4.04M | $6.10M | $10.63M | $25.92M |
| Gross Profit | $546.32K | $634.26K | $1.12M | $1.84M | $2.06M | $-1.19M |
| Gross Margin % | 14.7% | 15.2% | 21.6% | 23.2% | 16.3% | -4.8% |
| Operating Expenses | $2.38M | $2.45M | $2.25M | $2.30M | $2.12M | $2.42M |
| Operating Income | $-1.83M | $-1.82M | $-1.13M | $-462.92K | $-57.01K | $-3.61M |
| Operating Margin % | -49.4% | -43.5% | -21.9% | -5.8% | -0.4% | -14.6% |
| Interest Expense | $721.90K | $1.15M | $3.65M | $1.51M | $9.89K | $19.14K |
| Interest Income | - | - | - | - | $7.82K | $230.00 |
| Other Income/Expense | $501.91K | $212.39K | $-307.58K | $320.56K | $160.57K | $62.78K |
| Income Before Tax | $-7.49M | $-5.09M | $-3.10M | $1.34M | $101.49K | $-3.56M |
| Income Tax Expense | $1.07K | $4.65K | $11.61K | $22.14K | $23.49K | $25.87K |
| Net Income | $-6.76M | $-5.09M | $-3.11M | $1.32M | $78.00K | $-3.59M |
| Net Margin % | -182.3% | -121.8% | -60.3% | 16.6% | 0.6% | -14.5% |
| Basic EPS | nan | -0.85 | -0.71 | 0.04 | 0.00 | -0.14 |
| Diluted EPS | nan | -0.85 | -0.71 | 0.04 | 0.00 | nan |
| Basic Shares Outstanding | 9.3M | 6.0M | 4.4M | 30.3M | 26.7M | - |
| Diluted Shares Outstanding | 9.3M | 6.0M | 4.4M | 35.7M | 26.7M | - |
| Breakdown | FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $324.95K | $816.19K | $562.71K | $1.39M | $1.85M |
| Accounts Receivable | $929.82K | $2.11M | $1.86M | $2.16M | $4.76M |
| Inventory | $166.87K | $63.51K | $285.53K | $266.60K | $270.43K |
| Total Current Assets | $29.79M | $29.18M | $23.04M | $5.69M | $8.00M |
| Property Plant & Equipment | $388.00K | $568.85K | $649.12K | $836.42K | $793.98K |
| Total Assets | $49.17M | $52.34M | $41.30M | $13.09M | $18.42M |
| Accounts Payable | $53.20K | $359.49K | $267.50K | $1.33M | $3.12M |
| Short-term Debt | $640.88K | $440.67K | $137.47K | $151.09K | $152.61K |
| Accrued Liabilities | $1.86M | $1.37M | $606.84K | $1.45M | $681.98K |
| Deferred Revenue | $332.49K | $202.57K | $2.15K | $2.38K | $3.03K |
| Other Current Liabilities | $161.59K | $1.15M | $2.38M | $3.69M | - |
| Total Current Liabilities | $3.95M | $4.58M | $3.53M | $10.39M | $12.43M |
| Total Liabilities | $27.44M | $26.29M | $17.18M | $13.16M | $18.51M |
| Common Stock | $6.04K | $5.38K | $35.45K | $26.69K | $26.69K |
| Retained Earnings | $-13.66M | $-8.57M | $-5.45M | $-6.76M | $-6.83M |
| Total Stockholders Equity | $21.73M | $26.05M | $24.12M | $-71.37K | $-81.50K |
| Total Liabilities & Equity | $49.17M | $52.34M | $41.30M | $13.09M | $18.42M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $-6.76M | $-5.09M | $-3.11M | $1.32M | $78.00K | $-3.59M |
| Depreciation & Amortization | $1.77M | $1.67M | $328.95K | $344.90K | $157.60K | $101.01K |
| Change in Receivables | $-309.72K | $-767.23K | $247.56K | $-306.08K | $-2.59M | $365.12K |
| Change in Inventory | $19.00K | $112.23K | $-222.02K | $18.93K | $-3.84K | $-67.32K |
| Change in Payables | $103.42K | $-306.29K | $91.99K | $-1.26M | $-1.79M | $-268.18K |
| Operating Cash Flow | $-2.34M | $816.00K | $-411.47K | $-1.57M | $1.09M | $-4.22M |
| Capital Expenditure | $395.63K | $197.59K | $135.43K | - | $198.12K | $405.85K |
| Investing Cash Flow | $-684.62K | $-205.81K | $90.73K | $-21.17M | $-198.12K | $-563.05K |
| Stock Issued | - | $646.80K | - | $22.72M | - | $6.74M |
| Financing Cash Flow | $3.08M | $-1.10M | $521.70K | $21.85M | $-1.37M | $6.10M |
SEC Filing Format - Data shown as it appears in the Q3 2026 (10-Q) filing
Period ended: Dec 31, 2025
Condensed Consolidated Statements of Operations
| Description | Dec 31, 2025 | Dec 31, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $975.82K | - | $2.62M | - |
| Cost of Revenue | $680.91K | - | $1.91M | - |
| Gross Profit | $294.91K | - | $710.47K | - |
| Operating Expenses | $363.71K | - | $1.58M | - |
| Operating Income | $-68.79K | - | $-873.52K | - |
| Interest Expense | $10.57K | - | $605.66K | - |
| Other Income/Expense | $24.34K | - | $460.82K | - |
| Income Before Tax | $-4.20M | - | $-5.16M | - |
| Income Tax Expense | $248.00 | - | $1.08K | - |
| Net Income | $-4.20M | - | $-4.69M | - |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $238.47K | $324.95K |
| Accounts Receivable | $890.81K | $929.82K |
| Inventory | $178.01K | $166.87K |
| Total Current Assets | $27.87M | $29.79M |
| Property Plant & Equipment | $355.71K | $388.00K |
| Total Assets | $28.25M | $49.17M |
| Accounts Payable | $49.37K | $53.20K |
| Short-term Debt | $717.85K | $640.88K |
| Accrued Liabilities | $280.81K | $1.86M |
| Deferred Revenue | $21.97K | $332.49K |
| Total Current Liabilities | $1.29M | $3.95M |
| Total Liabilities | $6.62M | $27.44M |
| Common Stock | $11.71K | $6.04K |
| Retained Earnings | $-18.36M | $-13.66M |
| Total Stockholders Equity | $21.63M | $21.73M |
| Total Liabilities & Equity | $28.25M | $49.17M |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2025 | Dec 31, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-4.20M | - | $-4.69M | - |
| Depreciation & Amortization | - | - | $500.90K | - |
| Stock-based Compensation | - | - | $70.00K | - |
| Change in Receivables | - | - | $-1.19K | - |
| Change in Inventory | - | - | $11.14K | - |
| Change in Payables | - | - | $10.69K | - |
| Operating Cash Flow | - | - | $-1.08M | - |
| Capital Expenditure | - | - | $149.26K | - |
| Investing Cash Flow | - | - | $-281.08K | - |
| Financing Cash Flow | - | - | $1.28M | - |
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.