$14.82M
Revenue
$-8.61M
Net Income
8.48%
Gross Margin
-59.26%
Op. Margin
$-15.62M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | $14.82M | $14.82M | $14.39M | $33.43M | $31.99M | $15.77M |
| Revenue Growth % | 0.0% | 3.0% | -57.0% | 4.5% | 102.8% | nan% |
| Cost of Revenue | $13.56M | $13.56M | $15.14M | $23.70M | $21.33M | $9.50M |
| Gross Profit | $1.26M | $1.26M | $-751.42K | $9.72M | $10.66M | $6.28M |
| Gross Margin % | 8.5% | 8.5% | -5.2% | 29.1% | 33.3% | 39.8% |
| Operating Expenses | $10.04M | $10.04M | $13.80M | $21.71M | $16.68M | $7.91M |
| Research & Development | - | - | $586.38K | $1.44M | $941.53K | $211.11K |
| Selling General & Admin | $2.50M | $2.50M | $3.10M | $3.73M | $2.76M | $1.73M |
| Operating Income | $-8.78M | $-8.78M | $-14.55M | $-11.99M | $-6.02M | $-1.63M |
| Operating Margin % | -59.3% | -59.3% | -101.1% | -35.9% | -18.8% | -10.3% |
| Interest Expense | $580.99K | $347.75K | $435.16K | $235.52K | $150.40K | $165.19K |
| Other Income/Expense | $174.03K | $174.03K | $541.86K | $2.21M | $228.29K | $619.71K |
| Net Income | $-8.61M | $-8.61M | $-11.05M | $-7.19M | $-5.79M | $-1.01M |
| Net Margin % | -58.1% | -58.1% | -76.8% | -21.5% | -18.1% | -6.4% |
| Basic EPS | nan | -4.37 | -1.10 | -0.76 | -0.67 | nan |
| Diluted EPS | nan | -4.37 | -1.10 | -0.76 | -0.67 | nan |
| Basic Shares Outstanding | 91K | 2.0M | 10.0M | 9.5M | 7.6M | - |
| Diluted Shares Outstanding | 91K | 2.0M | 10.0M | 9.5M | 7.6M | - |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.43M | $7.49M | $16.50M | $23.50M | $6.98M |
| Short-term Investments | - | - | $4.46M | $1.48M | $3.00M |
| Accounts Receivable | - | - | $80.16K | $14.17K | $5.14K |
| Inventory | $2.49M | $2.52M | $4.88M | $4.01M | $1.80M |
| Other Current Assets | $227.78K | $196.14K | $463.22K | $882.42K | $903.76K |
| Total Current Assets | $4.90M | $10.42M | $26.65M | $29.89M | $13.07M |
| Property Plant & Equipment | $8.34M | $15.04M | $12.29M | $5.54M | $2.88M |
| Long-term Investments | - | - | - | $1.45M | $3.07M |
| Total Assets | $16.23M | $25.89M | $39.85M | $38.23M | $20.60M |
| Accounts Payable | $1.11M | $2.22M | $2.40M | $2.07M | $1.20M |
| Accrued Liabilities | $714.25K | $794.25K | $1.08M | $1.24M | $456.81K |
| Deferred Revenue | $395.93K | $80.00K | $44.20K | $5.30K | $14.10K |
| Total Current Liabilities | $2.24M | $3.75M | $4.22M | $3.79M | $2.16M |
| Long-term Debt | $499.90K | - | - | - | - |
| Total Liabilities | $2.77M | $6.67M | $7.80M | $5.21M | $3.90M |
| Common Stock | $2.24K | $14.87K | $9.52K | $9.52K | $7.00K |
| Retained Earnings | $-34.00M | $-25.39M | $-14.35M | $-7.15M | $-2.02M |
| Total Stockholders Equity | $13.47M | $19.22M | $23.51M | $28.44M | $16.70M |
| Total Liabilities & Equity | $16.23M | $25.89M | $39.85M | $38.23M | $20.60M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $-8.61M | $-8.61M | $-11.05M | $-7.19M | $-5.79M | $-1.01M |
| Depreciation & Amortization | $1.73M | $1.73M | $1.75M | $1.35M | $553.75K | $198.52K |
| Stock-based Compensation | $474.70K | $303.13K | $1.18M | $1.90M | $1.45M | $309.83K |
| Change in Receivables | - | - | $-80.16K | $65.99K | $9.03K | $5.14K |
| Change in Inventory | $144.68K | $66.67K | $-2.70M | $1.30M | $2.21M | $913.51K |
| Change in Payables | $-2.00M | $-1.10M | $-183.95K | $333.35K | $864.82K | $401.58K |
| Operating Cash Flow | $-11.10M | $-6.88M | $-6.97M | $-6.93M | $-4.15M | $-1.95M |
| Capital Expenditure | $4.52M | $2.16M | $6.34M | $5.16M | $3.37M | $1.94M |
| Purchases of Investments | - | - | - | - | - | $6.10M |
| Investing Cash Flow | $-3.88M | $-1.59M | $-1.86M | $-6.63M | $-195.60K | $-8.04M |
| Stock Issued | - | $2.56M | - | - | $6.00M | $15.85M |
| Financing Cash Flow | $4.80M | $2.41M | $-213.74K | $6.82M | $20.87M | $16.07M |
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 | $3.43M | - | $11.80M | - |
| Cost of Revenue | $3.47M | - | $10.65M | - |
| Gross Profit | $-45.23K | - | $1.15M | - |
| Operating Expenses | $2.73M | - | $7.28M | - |
| Research & Development | - | - | - | - |
| Selling General & Admin | $650.73K | - | $1.85M | - |
| Operating Income | $-2.78M | - | $-6.13M | - |
| Interest Expense | $12.58K | - | $257.78K | - |
| Other Income/Expense | $21.18K | - | $111.77K | - |
| Income Tax Expense | - | - | - | - |
| Net Income | $-2.76M | $-4.52M | $-6.02M | - |
| Basic EPS | -1.23 | - | -3.21 | - |
| Diluted EPS | -1.23 | - | -3.21 | - |
| Basic Shares Outstanding | $2.24M | - | $1.88M | - |
| Diluted Shares Outstanding | $2.24M | - | $1.88M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Accounts Receivable | $312.99K | - |
| Inventory | $2.46M | $2.52M |
| Other Current Assets | $251.24K | $196.14K |
| Total Current Assets | $10.05M | $10.42M |
| Property Plant & Equipment | $8.72M | $15.04M |
| Total Assets | $18.89M | $25.89M |
| Accounts Payable | $1.41M | $2.22M |
| Accrued Liabilities | $599.04K | $794.25K |
| Deferred Revenue | $297.89K | $80.00K |
| Total Current Liabilities | $2.44M | $3.75M |
| Total Liabilities | $2.96M | $6.67M |
| Common Stock | $2.24K | $1.49K |
| Retained Earnings | $-31.41M | $-25.39M |
| Total Stockholders Equity | $15.93M | $19.22M |
| Total Liabilities & Equity | $18.89M | $25.89M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.76M | $-4.52M | $-6.02M | - |
| Depreciation & Amortization | $419.82K | - | $1.29M | - |
| Stock-based Compensation | - | - | $179.49K | - |
| Change in Receivables | - | - | $312.99K | - |
| Change in Inventory | - | - | $13.24K | - |
| Change in Payables | - | - | $-805.01K | - |
| Operating Cash Flow | - | - | $-5.13M | - |
| Capital Expenditure | - | - | $2.02M | - |
| Investing Cash Flow | - | - | $-1.95M | - |
| Stock Issued | - | - | $2.56M | - |
| Financing Cash Flow | - | - | $2.29M | - |
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.