$9.18M
Revenue
$4.59M
Net Income
-3.27%
Gross Margin
-109.72%
Op. Margin
$-15.39M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2022 (Dec 31, 2022) |
|---|---|---|---|---|
| Total Revenue | $9.18M | $9.18M | $14.02M | - |
| Revenue Growth % | 0.0% | -34.6% | nan% | nan% |
| Cost of Revenue | $9.48M | $9.48M | $14.99M | - |
| Gross Profit | $-300.04K | $-300.04K | $-964.62K | - |
| Gross Margin % | -3.3% | -3.3% | -6.9% | nan% |
| Operating Expenses | $9.77M | $9.77M | $11.60M | - |
| Research & Development | $244.24K | $244.24K | $162.15K | - |
| Operating Income | $-10.07M | $-10.07M | $-12.57M | $-487.07K |
| Operating Margin % | -109.7% | -109.7% | -89.6% | nan% |
| Interest Expense | - | - | $167.05K | - |
| Other Income/Expense | $14.66M | $14.66M | $-166.83K | - |
| Income Before Tax | $4.59M | $4.59M | $-12.73M | - |
| Net Income | $4.59M | $4.59M | $-12.73M | $7.18M |
| Net Margin % | 50.0% | 50.0% | -90.8% | nan% |
| Basic EPS | nan | 1.52 | -47.93 | 0.55 |
| Diluted EPS | nan | 0.33 | -47.93 | nan |
| Basic Shares Outstanding | 367K | 3.0M | 279K | 13.1M |
| Diluted Shares Outstanding | 11.1M | 13.8M | 279K | 13.1M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2022 (Dec 31, 2022) |
|---|---|---|---|
| Cash & Cash Equivalents | $1.82M | $5.87M | $211.72K |
| Accounts Receivable | $97.33K | $132.23K | - |
| Other Current Assets | $248.72K | $357.75K | - |
| Total Current Assets | $2.17M | $6.36M | $215.31K |
| Property Plant & Equipment | $2.50K | $5.05K | - |
| Intangible Assets | $86.75K | $86.75K | - |
| Total Assets | $25.68M | $10.80M | $13.05M |
| Accounts Payable | $1.62M | $280.45K | - |
| Accrued Liabilities | $1.15M | $1.66M | $97.98K |
| Deferred Revenue | $443.13K | $1.32M | $933.36K |
| Total Current Liabilities | $3.71M | $3.79M | $101.84K |
| Total Liabilities | $3.71M | $4.28M | $5.07M |
| Common Stock | $628.00 | $162.00 | - |
| Retained Earnings | $-47.96M | $-52.55M | $-4.86M |
| Total Stockholders Equity | $21.98M | $6.51M | $-4.86M |
| Total Liabilities & Equity | $25.68M | $10.80M | $13.05M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2022 (Dec 31, 2022) |
|---|---|---|---|---|
| Net Income | $1.42M | $4.59M | $-12.73M | $7.18M |
| Depreciation & Amortization | $4.46K | $2.55K | $2.56K | - |
| Stock-based Compensation | $3.49M | $1.63M | $4.29M | - |
| Change in Receivables | $211.59K | $-34.90K | $35.69K | - |
| Operating Cash Flow | $-15.39M | $-8.23M | $-8.23M | $-402.68K |
| Capital Expenditure | - | - | $12.92K | - |
| Purchases of Investments | - | - | - | $575.00K |
| Investing Cash Flow | $-7.93M | $-5.08M | $-2.41M | $104.85M |
| Stock Issued | - | $713.37K | $11.85M | - |
| Financing Cash Flow | $28.03M | $9.25M | $14.41M | $-104.85M |
| Net Change in Cash | $4.71M | $-4.05M | $3.77M | $-402.68K |
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 | $1.71M | - | $7.41M | - |
| Cost of Revenue | $2.00M | - | $7.93M | - |
| Gross Profit | $-288.41K | - | $-514.22K | - |
| Operating Expenses | $1.75M | - | $7.17M | - |
| Research & Development | $39.33K | - | $189.29K | - |
| Operating Income | $-2.04M | - | $-7.69M | - |
| Interest Expense | - | - | - | - |
| Other Income/Expense | $70.15K | - | $166.52K | - |
| Income Before Tax | $-1.97M | - | $-7.52M | - |
| Income Tax Expense | - | - | - | - |
| Net Income | $-1.97M | $-3.22M | $-7.52M | - |
| Basic EPS | -0.59 | - | -2.83 | - |
| Diluted EPS | -0.59 | - | -2.83 | - |
| Basic Shares Outstanding | $3.33M | - | $2.66M | - |
| Diluted Shares Outstanding | $3.33M | - | $2.66M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $3.48M | $5.87M |
| Accounts Receivable | $194.95K | $132.23K |
| Other Current Assets | $259.57K | $357.75K |
| Total Current Assets | $6.87M | $6.36M |
| Property Plant & Equipment | $3.14K | $5.05K |
| Intangible Assets | $86.75K | $86.75K |
| Total Assets | $12.89M | $10.80M |
| Accounts Payable | $903.41K | $280.45K |
| Accrued Liabilities | $1.69M | $1.66M |
| Deferred Revenue | $443.01K | $1.32M |
| Total Current Liabilities | $3.57M | $3.79M |
| Total Liabilities | $3.66M | $4.28M |
| Common Stock | $350.00 | $162.00 |
| Retained Earnings | $-60.07M | $-52.55M |
| Total Stockholders Equity | $9.23M | $6.51M |
| Total Liabilities & Equity | $12.89M | $10.80M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.97M | $-3.22M | $-7.52M | - |
| Depreciation & Amortization | - | - | $1.91K | - |
| Stock-based Compensation | - | - | $1.49M | - |
| Change in Receivables | - | - | $62.72K | - |
| Operating Cash Flow | - | - | $-8.92M | - |
| Investing Cash Flow | - | - | $-2.23M | - |
| Stock Issued | - | - | - | - |
| Financing Cash Flow | - | - | $8.75M | - |
| Net Change in Cash | - | - | $-2.40M | - |
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.