$8.88M
Revenue
$-3.44M
Net Income
29.17%
Gross Margin
-38.63%
Op. Margin
$-1.51M
Free Cash Flow
| Breakdown | TTM (Sep 30, 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) |
|---|---|---|---|---|---|---|
| Total Revenue | $8.88M | $15.50M | $18.22M | $20.02M | $12.83M | $9.36M |
| Revenue Growth % | -42.7% | -14.9% | -9.0% | 56.0% | 37.1% | nan% |
| Cost of Revenue | $6.29M | $12.09M | $14.85M | $15.03M | $7.11M | $5.82M |
| Gross Profit | $2.59M | $3.41M | $3.37M | $4.99M | $5.73M | $3.54M |
| Gross Margin % | 29.2% | 22.0% | 18.5% | 24.9% | 44.6% | 37.8% |
| Operating Expenses | $6.02M | $7.95M | $6.49M | $7.54M | $5.09M | $3.90M |
| Operating Income | $-3.43M | $-4.54M | $-3.12M | $-2.55M | $638.35K | $-360.02K |
| Operating Margin % | -38.6% | -29.3% | -17.1% | -12.8% | 5.0% | -3.8% |
| Interest Expense | - | $54.75K | $820.25K | $399.03K | $15.36K | $26.95K |
| Other Income/Expense | $168.59K | $70.95K | $30.00 | $1.36K | - | $598.64K |
| Income Before Tax | $-3.26M | $4.67M | $-3.94M | - | - | $238.62K |
| Income Tax Expense | - | $-184.05K | - | - | - | - |
| Net Income | $-3.44M | $4.49M | $-3.94M | $-2.95M | $622.99K | $238.62K |
| Net Margin % | -38.8% | 29.0% | -21.6% | -14.7% | 4.9% | 2.5% |
| Basic EPS | -0.08 | 0.10 | -0.09 | -0.07 | 0.02 | 0.01 |
| Diluted EPS | -0.08 | 0.10 | -0.09 | -0.07 | 0.01 | nan |
| Basic Shares Outstanding | 43.8M | 43.4M | 42.8M | 41.9M | 40.9M | 40.7M |
| Diluted Shares Outstanding | 43.8M | 43.5M | 42.8M | 41.9M | 42.9M | 44.1M |
| Breakdown | 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.68M | $777.10K | $2.06M | $932.78K | $715.20K |
| Accounts Receivable | $1.53M | $1.50M | $1.51M | $1.27M | $434.80K |
| Inventory | $163.06K | $1.23M | $526.34K | $566.84K | $17.79K |
| Other Current Assets | $112.17K | - | $164.00 | $164.00 | $194.00 |
| Total Current Assets | $4.58M | $3.63M | $4.15M | $2.85M | $1.17M |
| Property Plant & Equipment | $15.13K | $24.18K | $36.54K | $48.89K | $79.57K |
| Intangible Assets | $323.47K | $634.25K | $1.19M | $807.77K | $1.52M |
| Other Non-current Assets | $74.33K | $74.54K | $73.88K | - | - |
| Total Assets | $5.31M | $4.81M | $5.45M | $3.87M | $2.94M |
| Deferred Revenue | - | - | - | - | $37.68K |
| Total Current Liabilities | $2.58M | $7.49M | $4.54M | $981.12K | $1.24M |
| Total Liabilities | $2.80M | $7.82M | $5.00M | $1.27M | $1.41M |
| Common Stock | $43.50K | $43.15K | $42.24K | $41.62K | $40.69K |
| Retained Earnings | $-7.75M | $-12.24M | $-8.30M | $-5.35M | $-5.97M |
| Total Stockholders Equity | $2.51M | $-3.01M | $455.36K | $2.61M | $1.53M |
| Total Liabilities & Equity | $5.31M | $4.81M | $5.45M | $3.87M | $2.94M |
| Breakdown | TTM (Sep 30, 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) |
|---|---|---|---|---|---|---|
| Net Income | $-3.44M | $4.49M | $-3.94M | $-2.95M | $622.99K | $238.62K |
| Depreciation & Amortization | $5.62K | $9.06K | $12.35K | $12.35K | $833.02K | $838.00K |
| Stock-based Compensation | $946.72K | $992.74K | $257.56K | $692.14K | $341.51K | $80.60K |
| Change in Receivables | $-3.31M | $37.66K | $-13.10K | $264.56K | $871.20K | $59.63K |
| Change in Inventory | $-220.05K | $-1.07M | $703.43K | $-40.50K | $549.05K | $13.13K |
| Operating Cash Flow | $-1.51M | $-3.99M | $-1.79M | $-1.82M | $211.93K | $571.55K |
| Investing Cash Flow | $150.15K | $8.56M | - | $10.00K | $-10.00K | $-10.83K |
| Dividends Paid | - | - | - | - | - | $310.13K |
| Financing Cash Flow | - | $-3.66M | $513.50K | $2.93M | $15.66K | $-36.99K |
| Net Change in Cash | $-1.27M | $902.24K | $-1.28M | $1.12M | $217.59K | $523.72K |
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 | $2.17M | $3.15M | $6.50M | $13.13M |
| Cost of Revenue | $1.46M | $2.44M | $4.59M | $10.39M |
| Gross Profit | $709.04K | $709.37K | $1.91M | $2.74M |
| Operating Expenses | $759.12K | $1.90M | $4.09M | $6.03M |
| Operating Income | $-50.08K | $-1.19M | $-2.18M | $-3.29M |
| Interest Expense | $-932.00 | $407.00 | - | $54.75K |
| Other Income/Expense | $4.05K | $-1.29K | $27.66K | $-69.98K |
| Income Before Tax | $-45.09K | $-1.19M | $-2.15M | $5.78M |
| Net Income | $-45.09K | $-1.19M | $-2.15M | $5.78M |
| Basic EPS | 0.00 | -0.03 | -0.05 | 0.13 |
| Diluted EPS | 0.00 | -0.03 | -0.05 | 0.13 |
| Basic Shares Outstanding | $43.77M | $43.49M | $43.62M | $43.39M |
| Diluted Shares Outstanding | $43.77M | $43.49M | $43.62M | $43.70M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $1.18M | $1.68M |
| Accounts Receivable | $510.88K | $1.53M |
| Inventory | $199.16K | $163.06K |
| Other Current Assets | $335.15K | $112.17K |
| Total Current Assets | $2.31M | $3.58M |
| Property Plant & Equipment | $12.63K | $15.13K |
| Intangible Assets | $323.47K | $323.47K |
| Other Non-current Assets | $72.38K | $74.33K |
| Total Assets | $3.11M | $5.31M |
| Total Current Liabilities | $2.50M | $2.58M |
| Total Liabilities | $2.68M | $2.80M |
| Common Stock | $43.94K | $43.50K |
| Retained Earnings | $-9.90M | $-7.75M |
| Total Stockholders Equity | $423.19K | $2.51M |
| Total Liabilities & Equity | $3.11M | $5.31M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-45.09K | $-1.19M | $-2.15M | $5.78M |
| Depreciation & Amortization | $782.00 | $2.45K | $2.35K | $7.35K |
| Stock-based Compensation | - | - | $-21.68K | $747.69K |
| Change in Receivables | - | - | $-1.01M | $364.98K |
| Change in Inventory | - | - | $36.10K | $-869.71K |
| Operating Cash Flow | - | - | $-1.43M | $-2.98M |
| Investing Cash Flow | - | - | $850.15K | $8.56M |
| Financing Cash Flow | - | - | $82.50K | $-3.66M |
| Net Change in Cash | - | - | $-496.92K | $1.91M |
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.