$2.26M
Revenue
$-12.79M
Net Income
-158.82%
Gross Margin
-429.21%
Op. Margin
$-6.07M
Free Cash Flow
| Breakdown | 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 | $72.38K | $484.01K | $1.11M | $599.17K | $3.05M | $3.40M |
| Revenue Growth % (YoY) | -97.6% | -85.8% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $71.95K | $455.05K | $931.52K | $4.40M | $2.82M | $2.95M |
| Gross Profit | $426.00 | $28.96K | $175.30K | $-3.80M | $228.11K | $452.22K |
| Gross Margin % | 0.6% | 6.0% | 15.8% | -633.9% | 7.5% | 13.3% |
| Operating Expenses | $1.33M | $1.18M | $1.34M | $2.27M | $2.22M | $1.74M |
| Selling General & Admin | $1.21M | $1.03M | $1.31M | $3.07M | $1.38M | $1.54M |
| Operating Income | $-1.33M | $-1.15M | $-1.16M | $-6.07M | $-2.00M | $-1.28M |
| Operating Margin % | -1839.7% | -238.1% | -104.9% | -1012.2% | -65.4% | -37.7% |
| Interest Expense | $370.54K | $322.98K | $286.59K | $270.15K | $1.01M | $604.51K |
| Other Income/Expense | $12.22K | $-11.96K | $-857.02K | $7.22K | $-1.30K | $3.74K |
| Income Before Tax | $-2.17M | $-1.77M | $-2.02M | $-6.83M | $-2.75M | $-1.77M |
| Income Tax Expense | - | - | $1.70K | $2.60K | $2.50K | $800.00 |
| Net Income | $-2.17M | $-1.77M | $-2.02M | $-6.83M | $-2.75M | $-1.77M |
| Net Margin % | -2999.3% | -365.9% | -182.5% | -1139.6% | -90.1% | -51.9% |
| Basic EPS | -0.19 | -0.29 | -0.43 | -11.62 | -0.09 | -0.07 |
| Diluted EPS | -0.19 | -0.29 | -0.43 | -11.62 | -0.09 | -0.07 |
| Basic Shares Outstanding | 11.3M | 5.9M | 4.6M | -25.5M | 30.2M | 26.4M |
| Diluted Shares Outstanding | 11.3M | 5.9M | 4.6M | -25.5M | 30.2M | 26.4M |
| Breakdown | 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 | $61.45K | $9.51K | $17.65K | $420.13K | $40.11K | $30.53K |
| Accounts Receivable | $1.22M | $1.44M | $1.74M | $1.83M | $2.38M | $2.05M |
| Inventory | $639.42K | $703.00K | $867.12K | $1.78M | $3.33M | $4.17M |
| Other Current Assets | $149.69K | $92.17K | $122.30K | $151.43K | $393.44K | $347.46K |
| Total Current Assets | $2.61M | $2.84M | $3.49M | $5.17M | $7.99M | $7.32M |
| Property Plant & Equipment | $17.13M | $4.17M | $4.21M | $4.25M | $4.29M | $4.33M |
| Total Assets | $22.05M | $9.06M | $9.83M | $11.31M | $13.89M | $13.25M |
| Accounts Payable | $9.33M | $9.28M | $9.42M | $10.39M | $9.36M | $8.88M |
| Short-term Debt | $2.53M | $2.50M | $2.61M | $2.67M | $2.86M | $2.93M |
| Deferred Revenue | $72.43K | $49.72K | $53.07K | $144.79K | $312.09K | $64.07K |
| Total Current Liabilities | $21.59M | $20.36M | $19.46M | $19.77M | $19.73M | $20.36M |
| Long-term Debt | $5.44M | $5.52M | $5.60M | $5.68M | $5.76M | $5.83M |
| Total Liabilities | $30.19M | $26.03M | $25.24M | $25.65M | $25.73M | $26.38M |
| Common Stock | $1.35K | $753.00 | $495.00 | $246.00 | $3.16K | $2.65K |
| Retained Earnings | $-30.71M | $-28.53M | $-26.75M | $-24.73M | $-17.78M | $-15.03M |
| Total Stockholders Equity | $-8.94M | $-16.97M | $-15.41M | $-14.34M | $-11.84M | $-13.13M |
| Total Liabilities & Equity | $22.05M | $9.06M | $9.83M | $11.31M | $13.89M | $13.25M |
| Breakdown | 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 | $-2.17M | $-1.77M | $-2.02M | $-6.83M | $-2.75M | $-4.08M |
| Stock-based Compensation | $84.15K | $145.89K | $84.94K | $197.58K | $848.08K | $195.91K |
| Change in Receivables | $-760.36K | $-602.80K | $-305.25K | $-1.07M | $2.75M | $1.25M |
| Change in Inventory | $-1.14M | $-1.08M | $-911.47K | $760.25K | $-1.71M | $-876.75K |
| Change in Payables | $-1.15M | $-1.06M | - | - | $1.27M | $796.88K |
| Operating Cash Flow | $-1.81M | $-909.02K | $-594.17K | $-2.76M | $-3.17M | $-1.74M |
| Investing Cash Flow | $-863.36K | $-721.00K | $-300.00K | $-197.00 | $-39.80K | $-39.80K |
| Debt Repayment | - | - | - | - | - | $130.69K |
| Stock Issued | $145.81K | - | - | - | $1.00M | - |
| Financing Cash Flow | $2.31M | $1.22M | $491.30K | $3.14M | $3.03M | $1.59M |
| Net Change in Cash | $-358.68K | $-410.62K | $-402.48K | $380.02K | $-181.65K | $-191.23K |
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 | $72.38K | - | $1.66M | - |
| Cost of Revenue | $71.95K | - | $1.46M | - |
| Gross Profit | $426.00 | - | $204.68K | - |
| Operating Expenses | $1.33M | - | $3.85M | - |
| Selling General & Admin | $1.21M | - | $3.54M | - |
| Operating Income | $-1.33M | - | $-3.65M | - |
| Interest Expense | $559.14K | - | $370.54K | - |
| Other Income/Expense | $12.22K | - | $256.00 | - |
| Income Before Tax | $-2.17M | - | $-5.96M | - |
| Income Tax Expense | - | - | $1.70K | - |
| Net Income | $-2.17M | $-1.77M | $-5.96M | - |
| Basic EPS | -0.19 | - | -0.82 | - |
| Diluted EPS | -0.19 | - | -0.82 | - |
| Basic Shares Outstanding | $11.26M | - | $7.31M | - |
| Diluted Shares Outstanding | $11.26M | - | $7.31M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $61.45K | $420.13K |
| Accounts Receivable | $1.22M | $1.83M |
| Inventory | $639.42K | $1.78M |
| Other Current Assets | $149.69K | $151.43K |
| Total Current Assets | $2.61M | $5.17M |
| Property Plant & Equipment | $17.13M | $4.25M |
| Total Assets | $22.05M | $11.31M |
| Accounts Payable | $9.33M | $10.39M |
| Short-term Debt | $2.53M | $2.67M |
| Deferred Revenue | $72.43K | $144.79K |
| Total Current Liabilities | $21.59M | $19.77M |
| Long-term Debt | $5.44M | $5.68M |
| Total Liabilities | $30.19M | $25.65M |
| Common Stock | $1.35K | $246.00 |
| Retained Earnings | $-30.71M | $-24.73M |
| Total Stockholders Equity | $-8.94M | $-14.34M |
| Total Liabilities & Equity | $22.05M | $11.31M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.17M | $-1.77M | $-5.96M | - |
| Stock-based Compensation | $84.15K | - | $230.04K | - |
| Change in Receivables | - | - | $-760.36K | - |
| Change in Inventory | - | - | $-1.14M | - |
| Change in Payables | - | - | $-1.15M | - |
| Operating Cash Flow | - | - | $-1.81M | - |
| Investing Cash Flow | - | - | $-863.36K | - |
| Stock Issued | $145.81K | - | $145.81K | - |
| Financing Cash Flow | - | - | $2.31M | - |
| Net Change in Cash | - | - | $-358.68K | - |
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.