$5.64M
Revenue
$-3.75M
Net Income
54.60%
Gross Margin
-68.39%
Op. Margin
$-1.94M
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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $5.64M | $5.64M | $7.74M | $7.35M | $8.34M | $7.75M | $25.03M | $6.35M | $5.58M | $4.99M | $6.34M |
| Revenue Growth % | 0.0% | -27.2% | 5.2% | -11.8% | 7.5% | -69.0% | 294.3% | 13.7% | 11.8% | -21.3% | nan% |
| Cost of Revenue | $2.56M | $2.56M | $4.18M | $3.07M | $3.28M | $3.17M | $9.99M | $2.43M | $2.47M | $1.93M | $2.61M |
| Gross Profit | $3.08M | $3.08M | $3.56M | $4.29M | $5.06M | $4.59M | $15.04M | $3.91M | $3.12M | $3.07M | $3.73M |
| Gross Margin % | 54.6% | 54.6% | 46.0% | 58.3% | 60.7% | 59.2% | 60.1% | 61.7% | 55.8% | 61.4% | 58.8% |
| Operating Expenses | $6.93M | $6.93M | $7.66M | $7.64M | $7.94M | $9.51M | $10.53M | $6.00M | $6.19M | $6.51M | $7.10M |
| Research & Development | $289.90K | $289.90K | $290.68K | $491.80K | $352.24K | $572.70K | $455.05K | $340.58K | $916.00K | $454.09K | $184.26K |
| Operating Income | $-3.85M | $-3.85M | $-4.10M | $-3.35M | $-2.88M | $-4.92M | $4.51M | $-2.08M | $-3.07M | $-3.44M | $-3.37M |
| Operating Margin % | -68.4% | -68.4% | -53.0% | -45.5% | -34.6% | -63.5% | 18.0% | -32.8% | -55.0% | -69.0% | -53.1% |
| Interest Expense | $356.68K | $356.68K | $312.00K | $63.30K | - | $1.03K | $43.54K | $200.00K | $221.88K | $191.26K | - |
| Interest Income | - | - | - | - | - | - | $2.92K | $3.04K | $6.93K | $1.80K | - |
| Other Income/Expense | $105.34K | $105.34K | $-372.00K | $-53.31K | $1.94K | $414.62K | $-40.62K | $-214.49K | $-160.24K | $-195.74K | $211.89K |
| Income Before Tax | $-3.75M | $-3.75M | $-4.48M | $-3.40M | $-2.88M | $-4.51M | $4.47M | $-2.30M | - | - | - |
| Income Tax Expense | - | - | - | - | - | $-74.09K | $77.00K | - | - | - | - |
| Net Income | $-3.75M | $-3.75M | $-4.48M | $-3.40M | $-2.88M | $-4.44M | $4.39M | $-2.30M | $-3.23M | $-3.64M | $-3.16M |
| Net Margin % | -66.5% | -66.5% | -57.8% | -46.3% | -34.5% | -57.2% | 17.5% | -36.2% | -57.8% | -72.9% | -49.8% |
| Basic EPS | nan | -0.19 | -0.22 | -0.17 | -0.15 | -0.25 | 0.27 | -0.15 | nan | nan | nan |
| Diluted EPS | nan | -0.19 | -0.22 | -0.17 | -0.15 | -0.25 | 0.23 | -0.15 | nan | nan | nan |
| Basic Shares Outstanding | 40K | 20.1M | 20.0M | 19.8M | 19.7M | 17.5M | 16.5M | 15.6M | - | - | - |
| Diluted Shares Outstanding | 40K | 20.1M | 20.0M | 19.8M | 19.7M | 17.5M | 18.8M | 15.6M | - | - | - |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | - | $88.00K | - | - | $5.32M | $5.20M | $897.22K | $2.00M | $4.55M | $948.32K |
| Accounts Receivable | $689.15K | $1.88M | $2.43M | $2.77M | $1.96M | $3.72M | $1.49M | $2.15M | $1.84M | $1.52M |
| Inventory | $2.93M | $3.58M | - | $4.50M | $4.74M | $3.78M | $2.32M | $2.68M | $3.52M | $4.05M |
| Other Current Assets | - | - | - | - | $341.01K | $358.94K | - | - | - | - |
| Total Current Assets | $4.19M | $6.49M | $9.96M | $12.13M | $12.89M | $13.71M | $5.04M | $7.24M | $10.18M | $6.77M |
| Property Plant & Equipment | $614.31K | $875.45K | $1.05M | $1.34M | $1.49M | $1.30M | $1.37M | $1.59M | $712.82K | $611.81K |
| Intangible Assets | $1.35M | $1.25M | $1.12M | $1.03M | $956.28K | $722.92K | $939.01K | $1.24M | $1.55M | $1.92M |
| Other Non-current Assets | $559.67K | $675.35K | $550.68K | $475.10K | $341.01K | $358.94K | $114.03K | $11.39K | - | - |
| Total Assets | $7.03M | $9.69M | $13.36M | $15.50M | $16.27M | $16.77M | $8.23M | $10.08M | $12.44M | $9.30M |
| Accounts Payable | $1.48M | $1.92M | $1.27M | $1.76M | $1.05M | $1.50M | $713.22K | $1.13M | $751.73K | $735.88K |
| Deferred Revenue | $424.03K | $211.72K | - | - | - | - | - | - | - | - |
| Total Current Liabilities | $3.16M | $2.72M | $2.06M | $3.29M | $1.82M | $2.20M | $6.30M | $1.70M | $1.10M | $1.05M |
| Long-term Debt | $3.13M | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $6.45M | $5.59M | $5.00M | $4.05M | $2.68M | $3.57M | $7.34M | $7.08M | $7.05M | $1.05M |
| Common Stock | $202.77K | $200.15K | $199.24K | $197.64K | $196.81K | $167.62K | $1.25M | $1.24M | $1.22M | $1.21M |
| Retained Earnings | $-58.05M | $-54.30M | $-49.83M | $-46.42M | $-43.54M | $-39.11M | $-43.50M | $-41.20M | $-37.97M | $-34.33M |
| Total Stockholders Equity | $588.50K | $4.10M | $8.36M | $11.45M | $13.60M | $13.20M | $889.54K | $3.00M | $5.39M | $8.25M |
| Total Liabilities & Equity | $7.03M | $9.69M | $13.36M | $15.50M | $16.27M | $16.77M | $8.23M | $10.08M | $12.44M | $9.30M |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-4.00M | $-3.75M | $-4.48M | $-3.40M | $-2.88M | $-4.44M | $4.39M | $-2.30M | $-3.23M | $-3.64M | $-3.16M |
| Depreciation & Amortization | $271.33K | $271.33K | $296.54K | $366.68K | $329.16K | $294.67K | $719.76K | $716.16K | $634.67K | $607.13K | $586.38K |
| Stock-based Compensation | - | $147.00K | $144.31K | $163.29K | - | - | $3.13M | $114.22K | $77.24K | $649.35K | $614.70K |
| Deferred Income Tax | - | - | - | - | - | - | - | - | - | - | - |
| Change in Receivables | - | - | $470.51K | $-526.06K | $-807.56K | $463.93K | $2.50M | $-840.96K | $109.67K | $514.57K | $361.80K |
| Change in Inventory | - | - | $-60.36K | $131.10K | $152.28K | $-961.76K | $1.39M | $-348.23K | $-629.02K | $-204.62K | $2.76M |
| Change in Payables | $-1.33M | $-271.48K | $657.35K | $-494.72K | $707.71K | $-447.43K | $788.25K | $-420.43K | $381.92K | $15.85K | $-286.00K |
| Operating Cash Flow | $-1.94M | $-1.20M | $-1.44M | $-3.60M | $-1.23M | $-3.82M | $4.58M | $-814.45K | $-1.77M | $-2.43M | $-4.50M |
| Capital Expenditure | $7.83K | $5.17K | $107.89K | $98.06K | $200.88K | - | $289.27K | $145.58K | $628.09K | $14.83K | $474.87K |
| Investing Cash Flow | $-202.70K | $-135.58K | $-261.53K | $-216.69K | $-241.45K | $-639.37K | $-400.65K | $-293.26K | $-628.09K | $-14.83K | $-462.87K |
| Stock Issued | - | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $1.48M | $755.12K | $27.50K | $2.29M | $25.00K | $4.58M | $124.20K | - | $-150.00K | $6.05M | - |
| Net Change in Cash | - | - | - | - | - | - | $4.30M | $-1.11M | $-2.55M | $3.60M | $-4.97M |
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 | $2.01M | $2.54M | $4.62M | $6.67M |
| Cost of Revenue | $779.59K | $981.12K | $1.76M | $2.58M |
| Gross Profit | $1.23M | $1.56M | $2.86M | $4.09M |
| Operating Expenses | $1.55M | $1.41M | $5.07M | $5.04M |
| Research & Development | $10.69K | $56.34K | $139.38K | $185.92K |
| Operating Income | $-321.42K | $149.10K | $-2.21M | $-955.56K |
| Interest Expense | $130.34K | $93.62K | $355.52K | $280.70K |
| Other Income/Expense | $-128.93K | $-90.14K | $265.11K | $-265.47K |
| Income Before Tax | $-450.35K | $58.96K | $-1.94M | $-1.22M |
| Income Tax Expense | - | - | - | - |
| Net Income | $-450.35K | $58.96K | $-1.94M | $-1.22M |
| Basic EPS | -0.02 | 0.00 | -0.10 | -0.06 |
| Diluted EPS | -0.02 | 0.00 | -0.10 | -0.06 |
| Basic Shares Outstanding | $20.08M | $20.02M | $20.05M | $19.98M |
| Diluted Shares Outstanding | $20.08M | $20.10M | $20.05M | $19.98M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Accounts Receivable | $619.97K | $1.88M |
| Other Current Assets | $634.92K | $675.35K |
| Total Current Assets | $5.03M | $6.49M |
| Property Plant & Equipment | $678.53K | $875.45K |
| Intangible Assets | $1.36M | $1.25M |
| Total Assets | $8.05M | $9.69M |
| Accounts Payable | $1.26M | $1.92M |
| Deferred Revenue | $309.75K | $211.72K |
| Total Current Liabilities | $2.54M | $2.72M |
| Total Liabilities | $5.84M | $5.59M |
| Common Stock | $200.75K | $200.15K |
| Retained Earnings | $-56.25M | $-54.30M |
| Total Stockholders Equity | $2.21M | $4.10M |
| Total Liabilities & Equity | $8.05M | $9.69M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-450.35K | $58.96K | $-1.94M | $-1.22M |
| Depreciation & Amortization | $68.59K | $69.91K | $206.37K | $224.38K |
| Stock-based Compensation | - | - | - | $144.31K |
| Change in Receivables | - | - | $-1.00M | $716.46K |
| Change in Inventory | - | - | $-431.82K | $-46.99K |
| Change in Payables | - | - | $-510.97K | $285.19K |
| Operating Cash Flow | - | - | $-576.78K | $-1.45M |
| Capital Expenditure | - | - | $2.67K | $104.66K |
| Investing Cash Flow | - | - | $-133.08K | $-104.66K |
| Financing Cash Flow | - | - | $535.00K | $27.50K |
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.