$5.64M
Revenue
$-3.75M
Net Income
54.60%
Gross Margin
-68.39%
Op. Margin
$-1.94M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
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 | $1.02M | $2.01M | $1.03M | $1.58M | $1.07M | $2.54M | $3.01M |
| Revenue Growth % (YoY) | -4.9% | -20.9% | -65.8% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $800.46K | $779.59K | $353.99K | $624.81K | $1.60M | $981.12K | $1.16M |
| Gross Profit | $216.24K | $1.23M | $677.12K | $951.75K | $-529.23K | $1.56M | $1.85M |
| Gross Margin % | 21.3% | 61.2% | 65.7% | 60.4% | -49.5% | 61.4% | 61.5% |
| Operating Expenses | $1.86M | $1.55M | $1.81M | $1.71M | $2.62M | $1.41M | $1.73M |
| Research & Development | $150.52K | $10.69K | $84.11K | $44.58K | $104.76K | $56.34K | $61.61K |
| Operating Income | $-1.65M | $-321.42K | $-1.13M | $-754.47K | $-3.15M | $149.10K | $121.81K |
| Operating Margin % | -161.9% | -16.0% | -109.9% | -47.9% | -294.6% | 5.9% | 4.0% |
| Interest Expense | $1.16K | $130.34K | $106.25K | $118.93K | $90.00K | $93.62K | $93.46K |
| Other Income/Expense | $-159.77K | $-128.93K | $-104.83K | $498.87K | $-106.53K | $-90.14K | $-91.61K |
| Income Before Tax | $-1.81M | $-450.35K | $-1.24M | $-255.59K | $-3.26M | $58.96K | $30.20K |
| Income Tax Expense | - | - | - | - | - | - | - |
| Net Income | $-1.81M | $-450.35K | $-1.24M | $-255.59K | $-3.26M | $58.96K | $30.20K |
| Net Margin % | -177.6% | -22.4% | -120.0% | -16.2% | -304.5% | 2.3% | 1.0% |
| Basic EPS | nan | -0.02 | -0.06 | -0.01 | -0.16 | 0.00 | 0.00 |
| Diluted EPS | nan | -0.02 | -0.06 | -0.01 | -0.16 | 0.00 | 0.00 |
| Basic Shares Outstanding | 40K | 20.1M | 20.0M | 20.0M | 8K | 20.0M | 20.0M |
| Diluted Shares Outstanding | 40K | 20.1M | 20.0M | 20.0M | 8K | 20.1M | 22.1M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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 | - | - | - | - | $88.00K | - | - |
| Accounts Receivable | $689.15K | $619.97K | $1.05M | $1.93M | $1.88M | $3.15M | $3.66M |
| Inventory | $2.93M | - | - | - | $3.58M | - | - |
| Other Current Assets | - | $634.92K | $661.24K | - | - | - | - |
| Total Current Assets | $4.19M | $5.03M | $5.40M | $6.78M | $6.49M | $9.14M | $9.24M |
| Property Plant & Equipment | $614.31K | $678.53K | $749.15K | $818.30K | $875.45K | $914.16K | $983.60K |
| Intangible Assets | $1.35M | $1.36M | $1.30M | $1.24M | $1.25M | $1.11M | $1.11M |
| Other Non-current Assets | $559.67K | - | - | $735.41K | $675.35K | $672.57K | $638.39K |
| Total Assets | $7.03M | $8.05M | $8.48M | $9.96M | $9.69M | $12.46M | $12.61M |
| Accounts Payable | $1.48M | $1.26M | $1.00M | $1.77M | $1.92M | $1.55M | $1.71M |
| Deferred Revenue | $424.03K | $309.75K | - | - | $211.72K | - | $57.19K |
| Total Current Liabilities | $3.16M | $2.54M | $2.59M | $3.01M | $2.72M | $2.22M | $2.41M |
| Long-term Debt | $3.13M | - | - | - | - | - | - |
| Total Liabilities | $6.45M | $5.84M | $5.82M | $6.11M | $5.59M | $5.11M | $5.32M |
| Common Stock | $202.77K | $200.75K | $200.75K | $200.15K | $200.15K | $200.15K | $200.15K |
| Retained Earnings | $-58.05M | $-56.25M | $-55.80M | $-54.56M | $-54.30M | $-51.05M | $-51.11M |
| Total Stockholders Equity | $588.50K | $2.21M | $2.66M | $3.84M | $4.10M | $7.35M | $7.30M |
| Total Liabilities & Equity | $7.03M | $8.05M | $8.48M | $9.96M | $9.69M | $12.46M | $12.61M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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 | $-1.81M | $-450.35K | $-1.49M | $-255.59K | $-3.26M | $58.96K | $-1.28M |
| Depreciation & Amortization | $64.96K | $68.59K | $69.24K | $68.54K | $72.15K | $69.91K | $76.55K |
| Stock-based Compensation | $147.00K | - | - | - | - | - | - |
| Change in Receivables | - | $-1.00M | - | $112.67K | $-245.95K | $716.46K | $1.01M |
| Change in Inventory | - | $-431.82K | - | $-158.09K | $-13.38K | $-46.99K | $-345.49K |
| Change in Payables | $239.49K | $-510.97K | $-884.67K | $-178.44K | $372.15K | $285.19K | $406.14K |
| Operating Cash Flow | $-619.87K | $-576.78K | $-463.30K | $-275.70K | $12.71K | $-1.45M | $-1.56M |
| Capital Expenditure | $2.50K | $2.67K | $2.67K | - | $3.23K | $104.66K | $99.28K |
| Investing Cash Flow | $-2.50K | $-133.08K | $-67.13K | - | $-156.87K | $-104.66K | $-99.28K |
| Financing Cash Flow | $220.12K | $535.00K | $435.00K | $285.00K | - | $27.50K | $27.50K |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.