$3.10M
Revenue
$-19.51M
Net Income
78.64%
Gross Margin
-432.57%
Op. Margin
$-24.43M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
|---|---|---|---|
| Total Revenue | $3.10M | $3.10M | $3.42M |
| Revenue Growth % | 0.0% | -9.4% | nan% |
| Cost of Revenue | $663.00K | $663.00K | $652.00K |
| Gross Profit | $2.44M | $2.44M | $2.85M |
| Gross Margin % | 78.6% | 78.6% | 83.3% |
| Operating Expenses | $15.87M | $15.87M | $5.58M |
| Operating Income | $-13.43M | $-13.43M | $-2.73M |
| Operating Margin % | -432.6% | -432.5% | -79.6% |
| Interest Expense | $459.00K | $241.00K | $218.00K |
| Other Income/Expense | $-1.60M | $-1.60M | $-30.00K |
| Income Before Tax | $-19.51M | $-19.51M | $-2.97M |
| Net Income | $-19.51M | $-19.51M | $-2.97M |
| Net Margin % | -628.5% | -628.5% | -86.7% |
| Basic EPS | nan | -8.58 | -0.12 |
| Diluted EPS | nan | -8.58 | -0.12 |
| Basic Shares Outstanding | - | 2.3M | 1.7M |
| Diluted Shares Outstanding | -28.8M | 2.3M | 1.7M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
|---|---|---|
| Cash & Cash Equivalents | $1.63M | $48.00K |
| Accounts Receivable | $635.00K | $515.00K |
| Other Current Assets | $2.76M | $1.22M |
| Total Current Assets | $10.43M | $1.79M |
| Property Plant & Equipment | $172.00K | $219.00K |
| Intangible Assets | - | $3.89M |
| Total Assets | $11.97M | $6.42M |
| Accounts Payable | $284.00K | $561.00K |
| Accrued Liabilities | - | $1.05M |
| Deferred Revenue | $430.00K | $147.00K |
| Total Current Liabilities | $7.26M | $7.52M |
| Total Liabilities | $7.69M | $8.02M |
| Common Stock | - | $5.00K |
| Retained Earnings | $-21.43M | $-1.92M |
| Total Stockholders Equity | $4.28M | $-1.60M |
| Total Liabilities & Equity | $11.97M | $6.42M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
|---|---|---|---|
| Net Income | $-24.34M | $-19.51M | $-2.97M |
| Depreciation & Amortization | $1.04M | $591.00K | $190.00K |
| Stock-based Compensation | $11.88M | $4.86M | - |
| Change in Receivables | $-365.00K | $120.00K | $156.00K |
| Change in Payables | $-829.00K | $-291.00K | $-85.00K |
| Operating Cash Flow | $-24.43M | $-10.06M | $-2.48M |
| Capital Expenditure | - | - | $38.00K |
| Investing Cash Flow | $-1.65M | $-850.00K | $-1.04M |
| Stock Issued | $29.73M | $11.93M | - |
| Financing Cash Flow | $28.55M | $12.50M | $3.21M |
| Net Change in Cash | $2.47M | $1.58M | $-309.00K |
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 | $543.00K | $535.00K | $2.40M | $2.69M |
| Cost of Revenue | $138.00K | $109.00K | $499.00K | $534.00K |
| Gross Profit | $405.00K | $426.00K | $1.90M | $2.15M |
| Operating Expenses | $2.33M | $1.32M | $9.95M | $3.80M |
| Operating Income | $-1.93M | $-899.00K | $-8.05M | $-1.65M |
| Interest Expense | $59.00K | $62.00K | $207.00K | - |
| Other Income/Expense | $-1.00K | $-23.00K | $-1.35M | $-26.00K |
| Income Before Tax | $-1.99M | $-984.00K | $-9.61M | $-1.81M |
| Income Tax Expense | - | $-9.00K | - | $-9.00K |
| Net Income | $-1.99M | $-975.00K | $-9.61M | $-1.80M |
| Diluted EPS | -0.10 | -0.04 | -0.31 | -0.07 |
| Diluted Shares Outstanding | $20.57M | $25.00M | $31.10M | $25.00M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $310.00K | $48.00K |
| Accounts Receivable | $538.00K | $515.00K |
| Other Current Assets | $207.00K | $1.22M |
| Total Current Assets | $3.16M | $1.79M |
| Property Plant & Equipment | $183.00K | $219.00K |
| Intangible Assets | $4.31M | $3.89M |
| Total Assets | $10.75M | $6.42M |
| Accounts Payable | $505.00K | $634.00K |
| Short-term Debt | $4.57M | $5.62M |
| Accrued Liabilities | $1.11M | $1.05M |
| Deferred Revenue | $256.00K | $147.00K |
| Total Current Liabilities | $6.52M | $7.52M |
| Total Liabilities | $6.96M | $8.02M |
| Common Stock | $7.00K | $5.00K |
| Retained Earnings | $-11.53M | $-1.92M |
| Total Stockholders Equity | $3.78M | $-1.60M |
| Total Liabilities & Equity | $10.75M | $6.42M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.99M | $-975.00K | $-9.61M | $-1.80M |
| Depreciation & Amortization | - | - | $444.00K | $40.00K |
| Stock-based Compensation | - | - | $3.52M | - |
| Change in Receivables | - | - | $23.00K | $33.00K |
| Change in Payables | - | - | $-136.00K | $-50.00K |
| Operating Cash Flow | - | - | $-9.04M | $-1.76M |
| Capital Expenditure | - | - | - | $36.00K |
| Investing Cash Flow | - | - | $-828.00K | $-817.00K |
| Stock Issued | - | - | $9.33M | - |
| Financing Cash Flow | - | - | $10.12M | $2.48M |
| Net Change in Cash | - | - | $262.00K | $-100.00K |
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.