$5.07M
Revenue
$-8.42M
Net Income
29.39%
Gross Margin
-160.84%
Op. Margin
$-14.20M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
|---|---|---|---|---|
| Total Revenue | $1.79M | $1.45M | $1.09M | $738.00K |
| Revenue Growth % (YoY) | nan% | nan% | nan% | nan% |
| Cost of Revenue | $1.75M | $731.00K | $686.00K | $407.00K |
| Gross Profit | $35.00K | $720.00K | $404.00K | $330.00K |
| Gross Margin % | 2.0% | 49.7% | 37.1% | 44.7% |
| Operating Expenses | $1.84M | $2.70M | $2.32M | $2.77M |
| Research & Development | $452.00K | $446.00K | $379.00K | $606.00K |
| Operating Income | $-1.81M | $-1.98M | $-1.92M | $-2.44M |
| Operating Margin % | -101.1% | -136.8% | -176.2% | -330.1% |
| Net Income | $-1.83M | $-2.06M | $-2.01M | $-2.51M |
| Net Margin % | -102.6% | -142.4% | -184.5% | -340.5% |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $8.45M | $6.40M | $7.73M | $6.90M |
| Accounts Receivable | $874.00K | $1.39M | $496.00K | $537.00K |
| Inventory | $304.00K | $322.00K | $385.00K | $265.00K |
| Other Current Assets | $186.00K | $295.00K | $249.00K | $203.00K |
| Total Current Assets | $9.82M | $8.41M | $8.86M | $7.90M |
| Property Plant & Equipment | $305.00K | $276.00K | $198.00K | $96.00K |
| Intangible Assets | - | - | - | - |
| Total Assets | $10.12M | $8.69M | $9.06M | $8.00M |
| Accounts Payable | $531.00K | $199.00K | $154.00K | $461.00K |
| Accrued Liabilities | $8.00K | $174.00K | - | - |
| Deferred Revenue | $590.00K | $1.36M | $654.00K | $566.00K |
| Total Current Liabilities | $1.21M | $1.89M | $1.00M | $1.11M |
| Total Liabilities | $1.21M | $1.89M | $1.00M | $1.11M |
| Retained Earnings | $-51.28M | $-47.48M | $-45.42M | $-43.37M |
| Total Stockholders Equity | $8.91M | $6.79M | $8.06M | $6.89M |
| Total Liabilities & Equity | $10.12M | $8.69M | $9.06M | $8.00M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
|---|---|---|---|---|
| Net Income | $-1.83M | $-2.06M | $-4.56M | $-2.51M |
| Depreciation & Amortization | $29.00K | $60.00K | $32.00K | $15.00K |
| Stock-based Compensation | $514.00K | $1.81M | $1.18M | $627.00K |
| Change in Receivables | $-514.00K | $1.19M | $300.00K | $341.00K |
| Change in Payables | $331.00K | $-429.00K | $-474.00K | $-167.00K |
| Operating Cash Flow | $-1.26M | $-5.66M | $-4.31M | $-2.48M |
| Capital Expenditure | $59.00K | $256.00K | $150.00K | $30.00K |
| Investing Cash Flow | $-59.00K | $-256.00K | $-150.00K | $-30.00K |
| Stock Issued | $23.00K | $105.00K | - | - |
| Financing Cash Flow | $3.37M | $12.27M | $12.14M | $9.36M |
| Net Change in Cash | $2.05M | $6.35M | $7.68M | $6.84M |
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 | $1.45M | $390.00K | $3.28M | $924.00K |
| Cost of Revenue | $731.00K | $326.00K | $1.82M | $768.00K |
| Gross Profit | $720.00K | $64.00K | $1.45M | $156.00K |
| Operating Expenses | $2.70M | $1.65M | $7.79M | $5.10M |
| Research & Development | $446.00K | $327.00K | $1.43M | $1.05M |
| Operating Income | $-1.98M | $-1.58M | $-6.34M | $-4.95M |
| Net Income | $-2.06M | $-1.72M | $-6.63M | $-5.29M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $6.40M | $52.00K |
| Accounts Receivable | $1.39M | $196.00K |
| Inventory | $322.00K | $249.00K |
| Other Current Assets | $295.00K | $38.00K |
| Total Current Assets | $8.41M | $535.00K |
| Property Plant & Equipment | $276.00K | $80.00K |
| Intangible Assets | - | - |
| Total Assets | $8.69M | $615.00K |
| Accounts Payable | $199.00K | $629.00K |
| Accrued Liabilities | $174.00K | - |
| Deferred Revenue | $1.36M | $489.00K |
| Total Current Liabilities | $1.89M | $1.12M |
| Total Liabilities | $1.89M | $1.12M |
| Retained Earnings | $-47.48M | $-40.86M |
| Total Stockholders Equity | $6.79M | $-503.00K |
| Total Liabilities & Equity | $8.69M | $615.00K |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.06M | $-1.72M | $-6.63M | $-5.29M |
| Depreciation & Amortization | - | - | $60.00K | $55.00K |
| Stock-based Compensation | - | - | $1.81M | $1.32M |
| Change in Receivables | - | - | $1.19M | $-161.00K |
| Change in Payables | - | - | $-429.00K | $75.00K |
| Operating Cash Flow | - | - | $-5.66M | $-3.31M |
| Capital Expenditure | - | - | $256.00K | $21.00K |
| Investing Cash Flow | - | - | $-256.00K | $-21.00K |
| Stock Issued | - | - | $105.00K | $6.00K |
| Financing Cash Flow | - | - | $12.27M | $-261.00K |
| Net Change in Cash | - | - | $6.35M | $-3.60M |
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.