$14.82M
Revenue
$-8.61M
Net Income
8.48%
Gross Margin
-59.26%
Op. Margin
$-15.62M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $3.02M | $3.43M | $4.76M | $3.61M | $1.88M | $2.90M | $4.33M |
| Revenue Growth % (YoY) | 60.4% | 18.2% | 9.9% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $2.91M | $3.47M | $4.10M | $3.08M | $2.97M | $3.05M | $4.12M |
| Gross Profit | $111.17K | $-45.23K | $654.05K | $537.11K | $-1.09M | $-145.66K | $202.34K |
| Gross Margin % | 3.7% | -1.3% | 13.8% | 14.9% | -57.6% | -5.0% | 4.7% |
| Operating Expenses | $2.76M | $2.73M | $2.33M | $2.22M | $3.27M | $2.84M | $4.86M |
| Research & Development | - | - | - | - | $2.50K | $89.40K | $344.78K |
| Selling General & Admin | $647.85K | $650.73K | $605.27K | $598.55K | $881.20K | $764.76K | $755.96K |
| Operating Income | $-2.65M | $-2.78M | $-1.68M | $-1.68M | $-4.36M | $-2.99M | $-4.66M |
| Operating Margin % | -87.7% | -81.0% | -35.2% | -46.5% | -231.4% | -103.0% | -107.7% |
| Interest Expense | $89.97K | $257.78K | $156.81K | $76.43K | $107.28K | $327.88K | $176.19K |
| Other Income/Expense | $62.26K | $21.18K | $21.73K | $68.85K | $214.65K | $-20.68K | $139.88K |
| Income Tax Expense | - | - | - | - | - | - | - |
| Net Income | $-2.59M | $-2.76M | $-1.65M | $-1.61M | $-3.90M | $-2.51M | $-2.95M |
| Net Margin % | -85.6% | -80.4% | -34.8% | -44.6% | -207.1% | -86.6% | -68.1% |
| Basic EPS | nan | -1.23 | -0.87 | -1.08 | -0.35 | -0.26 | -0.31 |
| Diluted EPS | nan | -1.23 | -0.87 | -1.08 | -0.35 | -0.26 | -0.31 |
| Basic Shares Outstanding | 91K | 2.2M | 1.9M | 1.5M | 512K | 9.5M | 9.5M |
| Diluted Shares Outstanding | 91K | 2.2M | 1.9M | 1.5M | 512K | 9.5M | 9.5M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.43M | - | - | - | $7.49M | $11.14M | $13.93M |
| Short-term Investments | - | - | - | - | - | - | $995.21K |
| Accounts Receivable | - | $312.99K | - | $198.83K | - | $129.54K | $115.79K |
| Inventory | $2.49M | $2.46M | $2.68M | $2.38M | $2.52M | $3.34M | $4.15M |
| Other Current Assets | $227.78K | $251.24K | $200.64K | $194.54K | $196.14K | $548.08K | $185.26K |
| Total Current Assets | $4.90M | $10.05M | $13.39M | $12.20M | $10.42M | $15.38M | $19.58M |
| Property Plant & Equipment | $8.34M | $8.72M | $8.74M | $11.03M | $15.04M | $14.22M | $13.51M |
| Total Assets | $16.23M | $18.89M | $22.36M | $23.55M | $25.89M | $30.14M | $33.75M |
| Accounts Payable | $1.11M | $1.41M | $2.03M | $1.51M | $2.22M | $1.96M | $2.78M |
| Accrued Liabilities | $714.25K | $599.04K | $926.61K | $951.75K | $794.25K | $1.20M | $1.11M |
| Deferred Revenue | $395.93K | $297.89K | $12.50K | $12.50K | $80.00K | $38.17K | $6.17K |
| Total Current Liabilities | $2.24M | $2.44M | $3.20M | $3.02M | $3.75M | $3.84M | $4.56M |
| Long-term Debt | $499.90K | - | - | - | - | - | - |
| Total Liabilities | $2.77M | $2.96M | $3.73M | $5.89M | $6.67M | $6.93M | $7.81M |
| Common Stock | $2.24K | $2.24K | $2.24K | $1.49K | $14.87K | $9.52K | $9.52K |
| Retained Earnings | $-34.00M | $-31.41M | $-28.66M | $-27.00M | $-25.39M | $-21.49M | $-18.98M |
| Total Stockholders Equity | $13.47M | $15.93M | $18.62M | $17.66M | $19.22M | $17.39M | $19.62M |
| Total Liabilities & Equity | $16.23M | $18.89M | $22.36M | $23.55M | $25.89M | $30.14M | $33.75M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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) |
|---|---|---|---|---|---|---|---|
| Net Income | $-2.59M | $-2.76M | $-1.65M | $-1.61M | $-3.90M | $-2.51M | $-4.63M |
| Depreciation & Amortization | $447.18K | $419.82K | $425.55K | $441.67K | $444.52K | $440.46K | $434.96K |
| Stock-based Compensation | $123.64K | $179.49K | $115.60K | $55.97K | $154.25K | $1.02M | $744.03K |
| Change in Receivables | - | $312.99K | - | $198.83K | $-129.54K | $49.38K | $35.63K |
| Change in Inventory | $53.43K | $13.24K | $192.94K | $-114.93K | $-819.23K | $-1.88M | $-448.18K |
| Change in Payables | $-295.24K | $-805.01K | $-189.92K | $-709.52K | $257.18K | $-441.12K | $380.79K |
| Operating Cash Flow | $-1.75M | $-5.13M | $-2.48M | $-1.74M | $-2.33M | $-4.64M | $-2.23M |
| Capital Expenditure | $140.27K | $2.02M | $1.54M | $828.86K | $1.30M | $5.04M | $3.72M |
| Investing Cash Flow | $359.73K | $-1.95M | $-1.50M | $-789.77K | $-1.29M | $-567.89K | $-247.85K |
| Stock Issued | - | $2.56M | $2.56M | - | - | - | - |
| Financing Cash Flow | $115.87K | $2.29M | $2.45M | $-54.81K | $-23.18K | $-190.56K | $-137.03K |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.