$5.55M
Revenue
$-11.71M
Net Income
52.48%
Gross Margin
-216.38%
Op. Margin
$-18.17M
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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.39M | $1.57M | $1.42M | $1.17M | $1.40M | $1.60M | $2.12M | $2.27M | $1.61M | - | - | - | - | - |
| Revenue Growth % (YoY) | -0.9% | -1.7% | -33.2% | -48.6% | -13.3% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $512.00K | $566.00K | $1.08M | $476.00K | $342.00K | $533.00K | $538.00K | $1.40M | $2.51M | - | - | - | - | - |
| Gross Profit | $876.00K | $1.01M | $335.00K | $694.00K | $1.06M | $1.07M | $1.59M | $871.00K | $-896.00K | - | - | - | - | - |
| Gross Margin % | 63.1% | 64.0% | 23.6% | 59.3% | 75.6% | 66.7% | 74.7% | 38.3% | -55.5% | nan% | nan% | nan% | nan% | nan% |
| Operating Expenses | $2.75M | $2.70M | $3.65M | $5.31M | $3.85M | - | - | - | - | - | - | - | - | - |
| Selling General & Admin | $2.27M | $2.16M | $2.91M | $4.14M | $3.58M | $6.10M | $2.81M | $3.16M | $13.59M | - | - | - | - | - |
| Operating Income | $-2.38M | $-1.69M | $-3.32M | $-4.62M | $-2.79M | $-8.68M | $-4.85M | $-2.56M | $-20.17M | $-409.46K | $-432.33K | $-520.18K | $-590.06K | $-253.95K |
| Operating Margin % | -171.6% | -107.6% | -233.8% | -394.6% | -199.6% | -541.5% | -228.1% | -112.7% | -1249.8% | nan% | nan% | nan% | nan% | nan% |
| Interest Expense | - | - | - | - | - | $63.00K | - | $4.00K | $-128.00K | - | - | - | - | - |
| Interest Income | - | - | - | - | - | - | - | - | - | $225.73K | $481.54K | $1.28M | $961.34K | $541.22K |
| Other Income/Expense | $8.00K | $1.00K | $-5.00K | $185.00K | $-134.00K | $85.00K | $-978.00K | - | $-331.18K | $-479.24K | $-429.63K | $1.28M | $-729.81K | $541.22K |
| Income Before Tax | $-2.32M | $-1.69M | $-3.31M | $-4.43M | $-3.10M | $-8.59M | $-6.38M | $-3.89M | $-21.07M | $-888.70K | $-861.96K | $763.86K | $371.28K | $287.26K |
| Income Tax Expense | $-39.00K | $-11.00K | $10.00K | $8.00K | $-114.00K | $-395.00K | $12.00K | $31.00K | $-187.98K | $40.05K | $97.26K | $258.67K | $201.40K | $103.16K |
| Net Income | $-2.28M | $-1.68M | $-3.32M | $-4.44M | $-2.98M | $-8.20M | $-6.39M | $-3.92M | $-20.89M | $-928.75K | $-959.22K | $505.19K | $169.88K | $184.11K |
| Net Margin % | -164.1% | -106.5% | -234.1% | -379.1% | -213.2% | -511.5% | -300.8% | -172.4% | -1294.0% | nan% | nan% | nan% | nan% | nan% |
| Basic EPS | nan | -0.05 | -0.10 | -0.14 | 0.04 | -0.34 | -0.47 | -0.33 | 6.52 | nan | nan | nan | nan | nan |
| Diluted EPS | nan | -0.05 | -0.10 | -0.14 | 0.04 | -0.34 | -0.47 | -0.33 | 6.52 | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | 3.8M | 34.5M | 33.6M | 32.7M | 3.5M | 24.3M | 13.7M | 12.0M | 5.7M | - | - | - | - | - |
| Diluted Shares Outstanding | 3.8M | 34.5M | 33.6M | 32.7M | 3.5M | 24.3M | 13.7M | 12.0M | 5.7M | - | - | - | - | - |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $24.36M | $1.06M | $3.19M | $4.75M | $4.36M | $8.63M | $234.00K | $491.00K | $1.16M | $27.90K | $255.45K | $13.98K | $222.27K | $347.67K |
| Accounts Receivable | $1.67M | $760.00K | $891.00K | $848.00K | $838.00K | $785.00K | $1.04M | $677.00K | $2.44M | - | - | - | $1.51M | - |
| Inventory | $4.02M | $4.29M | $4.36M | $4.58M | $4.18M | $4.26M | $6.32M | $5.56M | $6.93M | - | - | - | $9.63M | - |
| Other Current Assets | $826.00K | $699.00K | $936.00K | $1.01M | $1.14M | $167.00K | $1.35M | $1.82M | $1.93M | - | - | - | $3.08M | - |
| Total Current Assets | $30.88M | $6.81M | $9.38M | $11.19M | $10.52M | $14.31M | $9.00M | $9.09M | $12.51M | $38.86K | $288.78K | $43.02K | $385.25K | $569.68K |
| Property Plant & Equipment | $4.08M | $4.27M | $4.48M | $4.25M | $3.96M | $3.46M | $3.62M | $3.38M | $3.08M | - | - | - | $2.43M | - |
| Other Non-current Assets | $129.00K | $55.00K | $14.00K | $37.00K | - | - | $3.00K | $3.00K | $3.00K | - | - | - | $3.00K | - |
| Total Assets | $35.47M | $11.87M | $14.63M | $16.42M | $15.48M | $18.89M | $16.41M | $14.11M | $16.37M | $17.75M | $17.53M | $119.93M | $119.13M | $118.66M |
| Accounts Payable | $291.00K | $727.00K | $1.27M | $1.37M | $825.00K | $764.00K | $1.13M | $4.22M | $2.63M | - | - | - | $1.36M | - |
| Accrued Liabilities | $981.00K | $816.00K | $1.05M | $1.56M | $1.09M | $1.02M | $9.05M | $2.26M | $3.54M | - | - | - | $2.56M | - |
| Deferred Revenue | $1.25M | $1.68M | $2.21M | $220.00K | $483.00K | $693.00K | $775.00K | $916.00K | $1.94M | - | - | - | $287.00K | - |
| Other Current Liabilities | $121.00K | $131.00K | $124.00K | $83.00K | $245.00K | $286.00K | $422.00K | $96.00K | $114.00K | $277.18K | $65.36K | - | $224.00K | - |
| Total Current Liabilities | $2.65M | $3.38M | $4.72M | $3.33M | $3.02M | $3.08M | $14.57M | $10.75M | $10.76M | - | - | - | $7.00M | - |
| Deferred Tax Liabilities | $33.00K | $73.00K | $89.00K | $86.00K | $80.00K | $71.00K | $49.00K | $47.00K | $18.00K | - | - | - | $72.17K | - |
| Total Liabilities | $3.44M | $3.59M | $4.88M | $3.50M | $3.19M | $3.28M | $14.86M | $12.75M | $16.64M | $2.87M | $1.72M | $850.44K | $553.20K | $253.32K |
| Common Stock | $8.00K | $3.00K | $3.00K | $3.00K | $3.00K | $3.00K | $1.00K | $1.00K | $1.00K | $356.00 | $356.00 | $356.00 | $356.00 | $356.00 |
| Retained Earnings | $-66.34M | $-64.06M | $-62.38M | $-59.06M | $-54.63M | $-51.64M | $-43.45M | $-37.05M | $-33.13M | $-2.66M | $-1.33M | $-347.85K | $-377.09K | $-546.97K |
| Total Stockholders Equity | $32.03M | $8.28M | $9.75M | $12.92M | $12.29M | $15.61M | $1.55M | $1.36M | $-268.00K | $-2.66M | $-1.33M | $-347.50K | $120.38K | $660.39K |
| Total Liabilities & Equity | $35.47M | $11.87M | $14.63M | $16.42M | $15.48M | $18.89M | $16.41M | $14.11M | $16.37M | $17.75M | $17.53M | $119.93M | $119.13M | $118.66M |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-2.28M | $-1.68M | $-3.32M | $-4.44M | $-2.98M | $-8.20M | $-10.32M | $-3.92M | $-20.89M | $-1.38M | $-454.03K | $505.19K | $169.88K | $-133.01K |
| Stock-based Compensation | $130.00K | $1.53M | $1.33M | $907.00K | $27.00K | $3.35M | $3.33M | - | $13.80M | - | - | - | - | - |
| Deferred Income Tax | $-40.00K | $-7.00K | $9.00K | $6.00K | $9.00K | $53.00K | $31.00K | $29.00K | $-77.00K | - | - | - | - | - |
| Change in Receivables | $926.00K | $-79.00K | $52.00K | $10.00K | $52.00K | $-1.61M | $-1.40M | $-1.76M | $1.78M | - | - | - | - | - |
| Change in Inventory | $-84.00K | $-51.00K | $14.00K | $375.00K | $-154.00K | $-102.00K | $606.00K | $-464.00K | $-335.00K | - | - | - | - | - |
| Change in Payables | $-216.00K | $-47.00K | $245.00K | $404.00K | $391.00K | $-1.87M | $-1.50M | $1.58M | $-1.30M | - | - | - | - | - |
| Operating Cash Flow | $-2.24M | $-5.78M | $-3.98M | $-3.18M | $-3.06M | $-12.51M | $189.00K | $492.00K | $-3.07M | $-1.49M | $-1.32M | $-347.67K | $-432.55K | $-583.60K |
| Capital Expenditure | $363.00K | $1.27M | $929.00K | $435.00K | $1.07M | $1.60M | $1.11M | $571.00K | $116.00K | - | - | - | - | - |
| Investing Cash Flow | $-363.00K | $-1.24M | $-905.00K | $-420.00K | $-1.07M | $-1.60M | $-1.11M | $-571.00K | $-104.54M | $103.03M | $103.27M | $139.39K | - | - |
| Stock Issued | - | $4.77M | $4.74M | - | $-59.00K | - | $500.00K | - | - | - | - | - | - | - |
| Financing Cash Flow | $25.90M | $3.68M | $3.72M | $3.98M | $-1.00K | $21.59M | $2.00K | $-585.00K | $108.30M | $-101.73M | $-101.92M | - | - | - |
| Net Change in Cash | $23.30M | $-3.34M | $-1.17M | $389.00K | $-4.12M | $7.48M | $-921.00K | $-664.00K | $695.37K | $-194.37K | $33.19K | $-208.28K | $-125.41K | $-583.60K |
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 | $1.57M | - | $4.16M | - |
| Cost of Revenue | $566.00K | - | $2.13M | - |
| Operating Expenses | $2.70M | - | $11.67M | - |
| Selling General & Admin | $2.16M | - | $9.21M | - |
| Operating Income | $-1.69M | - | $-9.63M | - |
| Other Income/Expense | $1.00K | - | $181.00K | - |
| Income Before Tax | $-1.69M | - | $-9.43M | - |
| Income Tax Expense | $-11.00K | - | $7.00K | - |
| Net Income | $-1.68M | $-6.39M | $-9.44M | - |
| Basic EPS | -0.05 | - | -0.28 | - |
| Diluted EPS | -0.05 | - | -0.28 | - |
| Basic Shares Outstanding | $34.50M | - | $33.55M | - |
| Diluted Shares Outstanding | $34.50M | - | $33.55M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $1.06M | $4.36M |
| Accounts Receivable | $760.00K | $838.00K |
| Inventory | $4.29M | $4.18M |
| Other Current Assets | $699.00K | $1.14M |
| Total Current Assets | $6.81M | $10.52M |
| Property Plant & Equipment | $4.27M | $3.96M |
| Other Non-current Assets | $55.00K | - |
| Total Assets | $11.87M | $15.48M |
| Accounts Payable | $727.00K | $825.00K |
| Accrued Liabilities | $816.00K | $1.09M |
| Deferred Revenue | $1.68M | $483.00K |
| Other Current Liabilities | $131.00K | $245.00K |
| Total Current Liabilities | $3.38M | $3.02M |
| Deferred Tax Liabilities | $73.00K | $80.00K |
| Total Liabilities | $3.59M | $3.19M |
| Common Stock | $3.00K | $3.00K |
| Retained Earnings | $-64.06M | $-54.63M |
| Total Stockholders Equity | $8.28M | $12.29M |
| Total Liabilities & Equity | $11.87M | $15.48M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.68M | $-6.39M | $-9.44M | - |
| Stock-based Compensation | - | - | $1.53M | - |
| Deferred Income Tax | - | - | $-7.00K | - |
| Change in Receivables | - | - | $-79.00K | - |
| Change in Inventory | - | - | $-51.00K | - |
| Change in Payables | - | - | $-47.00K | - |
| Operating Cash Flow | - | - | $-5.78M | - |
| Capital Expenditure | - | - | $1.27M | - |
| Investing Cash Flow | - | - | $-1.24M | - |
| Stock Issued | - | - | $4.77M | - |
| Financing Cash Flow | - | - | $3.68M | - |
| Net Change in Cash | - | - | $-3.34M | - |
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.