$5.55M
Revenue
$-11.71M
Net Income
52.48%
Gross Margin
-216.38%
Op. Margin
$-18.17M
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 | $5.55M | $5.55M | $7.40M | $5.43M | $7.27M | - |
| Revenue Growth % | 0.0% | -25.0% | 36.3% | -25.3% | nan% | - |
| Cost of Revenue | $2.64M | $2.64M | $2.58M | $3.99M | $4.96M | - |
| Gross Profit | $2.91M | $2.91M | $4.82M | $1.44M | $2.30M | - |
| Gross Margin % | 52.5% | 52.5% | 65.1% | 26.6% | 31.7% | - |
| Operating Expenses | $14.41M | $14.41M | $21.43M | $22.92M | - | - |
| Selling General & Admin | $11.48M | $11.48M | $15.65M | $22.11M | $13.61M | - |
| Operating Income | $-12.01M | $-12.01M | $-18.88M | $-21.53M | $-1.39M | - |
| Operating Margin % | -216.4% | -216.4% | -255.1% | -396.6% | -19.1% | - |
| Interest Expense | - | - | $63.00K | $52.00K | $29.00K | - |
| Interest Income | - | - | - | - | $1.74M | - |
| Other Income/Expense | $189.00K | $189.00K | $-1.03M | $44.00K | $48.00K | - |
| Income Before Tax | $-11.74M | $-11.74M | $-21.96M | $-22.06M | $353.57K | - |
| Income Tax Expense | $-32.00K | $-32.00K | $-465.00K | $208.00K | $316.71K | - |
| Net Income | $-11.71M | $-11.71M | $-21.50M | $-22.27M | $36.86K | - |
| Net Margin % | -211.0% | -211.0% | -290.4% | -410.1% | 0.5% | - |
| Basic EPS | nan | -0.31 | -1.07 | -3.56 | -2.51 | - |
| Diluted EPS | nan | -0.31 | -1.07 | -3.56 | -2.51 | - |
| Basic Shares Outstanding | 3.8M | 37.3M | 20.1M | 6.3M | 5.3M | - |
| Diluted Shares Outstanding | 3.8M | 37.3M | 20.1M | 6.3M | 5.3M | - |
| 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 | $24.36M | $4.36M | $1.16M | $222.27K | $931.27K |
| Accounts Receivable | $1.67M | $838.00K | $2.44M | $1.51M | - |
| Inventory | $4.02M | $4.18M | $6.93M | $9.63M | - |
| Other Current Assets | $826.00K | $1.14M | $1.93M | $3.08M | - |
| Total Current Assets | $30.88M | $10.52M | $12.51M | $385.25K | $1.32M |
| Property Plant & Equipment | $4.08M | $3.96M | $3.08M | $2.43M | - |
| Other Non-current Assets | $129.00K | - | $3.00K | $3.00K | - |
| Total Assets | $35.47M | $15.48M | $16.37M | $119.13M | $118.74M |
| Accounts Payable | $291.00K | $825.00K | $2.63M | $1.36M | - |
| Accrued Liabilities | $981.00K | $1.09M | $3.54M | $2.56M | - |
| Deferred Revenue | $1.25M | $483.00K | $1.94M | $287.00K | - |
| Other Current Liabilities | $121.00K | $245.00K | $114.00K | $224.00K | - |
| Total Current Liabilities | $2.65M | $3.02M | $10.76M | $7.00M | - |
| Deferred Tax Liabilities | $33.00K | $80.00K | $18.00K | $72.17K | - |
| Total Liabilities | $3.44M | $3.19M | $16.64M | $553.20K | $200.27K |
| Common Stock | $8.00K | $3.00K | $1.00K | $356.00 | $356.00 |
| Retained Earnings | $-66.34M | $-54.63M | $-33.13M | $-377.09K | $-413.95K |
| Total Stockholders Equity | $32.03M | $12.29M | $-268.00K | $120.38K | $1.24M |
| Total Liabilities & Equity | $35.47M | $15.48M | $16.37M | $119.13M | $118.74M |
| 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 | $-11.71M | $-11.71M | $-21.50M | $-22.27M | $36.86K | - |
| Stock-based Compensation | $3.90M | $1.67M | $3.38M | $14.06M | $644.00K | - |
| Deferred Income Tax | $-32.00K | $-47.00K | $62.00K | $-72.00K | $1.20M | - |
| Change in Receivables | $909.00K | $847.00K | $-1.56M | $928.00K | $211.00K | - |
| Change in Inventory | $254.00K | $-135.00K | $-256.00K | $-372.00K | $-284.00K | - |
| Change in Payables | $386.00K | $-263.00K | $-1.48M | $-14.00K | $461.00K | - |
| Operating Cash Flow | $-15.18M | $-8.02M | $-15.57M | $-4.55M | $-1.02M | - |
| Capital Expenditure | $3.00M | $1.63M | $2.67M | $1.54M | $1.60M | - |
| Investing Cash Flow | $-2.93M | $-1.61M | $-2.67M | $-1.51M | $307.14K | - |
| Stock Issued | - | - | $22.73M | $6.29M | - | - |
| Financing Cash Flow | $37.29M | $29.58M | $21.59M | $6.56M | $2.05M | - |
| Net Change in Cash | $19.18M | $19.96M | $3.35M | $501.00K | $-709.00K | - |
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-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.