$606.68K
Revenue
$-14.32M
Net Income
33.33%
Gross Margin
-2397.56%
Op. Margin
$-9.20M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
|---|---|---|---|
| Total Revenue | $606.68K | $606.68K | $2.17M |
| Revenue Growth % | 0.0% | -72.0% | nan% |
| Cost of Revenue | $404.50K | $404.50K | $1.26M |
| Gross Profit | $202.18K | $202.18K | $906.15K |
| Gross Margin % | 33.3% | 33.3% | 41.8% |
| Operating Expenses | $14.75M | $14.75M | $8.06M |
| Research & Development | - | $394.21K | $90.37K |
| Selling General & Admin | $2.13M | $2.13M | $1.25M |
| Operating Income | $-14.55M | $-14.55M | $-7.15M |
| Operating Margin % | -2397.6% | -2397.6% | -329.7% |
| Interest Expense | $15.14K | $8.56K | $93.31K |
| Interest Income | - | $178.48K | $30.06K |
| Other Income/Expense | $222.75K | $222.75K | $-276.46K |
| Net Income | $-14.32M | $-14.32M | $-7.43M |
| Net Margin % | -2360.8% | -2360.8% | -342.5% |
| Basic EPS | nan | -0.85 | -0.70 |
| Diluted EPS | nan | -0.85 | -0.70 |
| Basic Shares Outstanding | 1.2M | 16.9M | 10.6M |
| Diluted Shares Outstanding | 1.2M | 16.9M | 10.6M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
|---|---|---|
| Cash & Cash Equivalents | $16.79M | $1.97M |
| Accounts Receivable | $100.03K | $123.69K |
| Inventory | $615.02K | $342.06K |
| Other Current Assets | $420.31K | $313.66K |
| Total Current Assets | $17.93M | $2.75M |
| Property Plant & Equipment | $283.09K | $314.88K |
| Goodwill | - | $684.87K |
| Intangible Assets | $834.46K | $1.09M |
| Total Assets | $19.11M | $4.95M |
| Accounts Payable | $461.31K | $119.81K |
| Accrued Liabilities | $270.93K | $90.26K |
| Deferred Revenue | $18.90K | $83.77K |
| Other Current Liabilities | $437.36K | $421.62K |
| Total Current Liabilities | $1.25M | $893.93K |
| Long-term Debt | $146.00K | - |
| Total Liabilities | $1.40M | $1.08M |
| Common Stock | $2.09K | $1.45K |
| Retained Earnings | $-28.57M | $-14.25M |
| Total Stockholders Equity | $17.72M | $3.87M |
| Total Liabilities & Equity | $19.11M | $4.95M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
|---|---|---|---|
| Net Income | $-18.29M | $-14.32M | $-7.43M |
| Depreciation & Amortization | $381.33K | $381.33K | $341.08K |
| Change in Receivables | $-216.69K | $-23.66K | $-39.64K |
| Change in Inventory | $208.85K | $272.96K | $-17.10K |
| Change in Payables | $434.00K | $278.87K | $-49.27K |
| Operating Cash Flow | $-9.11M | $-6.22M | $-4.10M |
| Capital Expenditure | $88.09K | $48.81K | $63.80K |
| Investing Cash Flow | $-590.59K | $-241.35K | $-436.39K |
| Stock Issued | - | $12.95M | $4.18M |
| Financing Cash Flow | $22.33M | $21.28M | $5.80M |
| Net Change in Cash | $12.63M | $14.82M | $1.27M |
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 | $101.42K | $330.76K | $378.98K | $1.28M |
| Cost of Revenue | $67.83K | $196.52K | $252.26K | $839.10K |
| Gross Profit | $33.59K | $134.23K | $126.72K | $442.30K |
| Operating Expenses | $4.24M | $3.68M | $10.26M | $6.19M |
| Research & Development | $109.76K | - | $127.64K | $85.94K |
| Selling General & Admin | $602.72K | $418.37K | $1.33M | $853.08K |
| Operating Income | $-4.21M | $-3.54M | $-10.14M | $-5.75M |
| Interest Expense | $3.25K | $153.46K | $8.19K | $97.80K |
| Interest Income | - | $10.08K | $51.91K | $10.08K |
| Other Income/Expense | $-802.72K | $-143.38K | $-753.26K | $-294.47K |
| Net Income | $-5.01M | $-3.69M | $-10.89M | $-6.04M |
| Basic EPS | -0.29 | -0.34 | -0.69 | -0.64 |
| Diluted EPS | -0.29 | -0.34 | -0.69 | -0.64 |
| Basic Shares Outstanding | $17.09M | $10.78M | $15.69M | $9.48M |
| Diluted Shares Outstanding | $17.09M | $10.78M | $15.69M | $9.48M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $7.60M | $1.97M |
| Inventory | $493.55K | $342.06K |
| Other Current Assets | $291.34K | $313.66K |
| Total Current Assets | $8.42M | $2.75M |
| Property Plant & Equipment | $281.65K | $314.88K |
| Goodwill | - | $684.87K |
| Intangible Assets | $903.70K | $1.09M |
| Total Assets | $9.70M | $4.95M |
| Accounts Payable | $261.11K | $119.81K |
| Accrued Liabilities | $260.47K | $90.26K |
| Deferred Revenue | $73.01K | $83.77K |
| Other Current Liabilities | $432.73K | $421.62K |
| Total Current Liabilities | $1.11M | $893.93K |
| Total Liabilities | $1.26M | $1.08M |
| Common Stock | $1.89K | $1.45K |
| Retained Earnings | $-25.14M | $-14.25M |
| Total Stockholders Equity | $8.44M | $3.87M |
| Total Liabilities & Equity | $9.70M | $4.95M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-5.01M | $-3.69M | $-10.89M | $-6.04M |
| Depreciation & Amortization | $92.45K | $99.58K | $305.76K | $222.63K |
| Change in Receivables | - | - | $-83.29K | $58.14K |
| Change in Inventory | - | - | $151.49K | $16.11K |
| Change in Payables | - | - | $141.30K | $64.66K |
| Operating Cash Flow | - | - | $-3.55M | $-3.07M |
| Capital Expenditure | - | - | $26.04K | $53.80K |
| Investing Cash Flow | - | - | $-233.58K | $-226.40K |
| Stock Issued | - | - | $6.77M | $4.18M |
| Financing Cash Flow | - | - | $9.41M | $4.92M |
| Net Change in Cash | - | - | $5.63M | $1.63M |
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.