$2.55M
Revenue
$-3.83M
Net Income
2.01%
Gross Margin
-148.98%
Op. Margin
$-3.63M
Free Cash Flow
| Breakdown | TTM (Sep 30, 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) |
|---|---|---|---|---|---|---|
| Total Revenue | $2.55M | $2.78M | $2.58M | $5.04M | $4.76M | $2.44M |
| Revenue Growth % | -8.2% | 8.0% | -48.9% | 5.9% | 95.4% | nan% |
| Cost of Revenue | $2.50M | $2.42M | $2.48M | $3.35M | $3.12M | $2.11M |
| Gross Profit | $51.44K | $363.87K | $96.22K | $1.69M | $1.64M | $323.90K |
| Gross Margin % | 2.0% | 13.1% | 3.7% | 33.6% | 34.4% | 13.3% |
| Operating Expenses | $3.86M | $3.22M | $3.55M | $4.09M | $2.43M | $1.35M |
| Research & Development | $76.36K | $47.44K | $16.78K | $34.88K | $56.82K | $68.54K |
| Operating Income | $-3.81M | $-2.84M | $-3.35M | $-1.77M | $-792.20K | $-1.03M |
| Operating Margin % | -149.0% | -102.1% | -130.1% | -35.0% | -16.6% | -42.3% |
| Interest Expense | $48.13K | $44.46K | $33.77K | $19.08K | $6.89K | $8.64K |
| Other Income/Expense | $-41.15K | $25.98K | $17.61K | $253.00 | $18.48K | $66.10K |
| Net Income | $-3.83M | $-2.86M | $-2.10M | $-1.57M | $-781.05K | $-964.99K |
| Net Margin % | -150.0% | -102.6% | -81.5% | -31.2% | -16.4% | -39.6% |
| Basic EPS | -0.29 | -0.25 | -0.21 | -0.17 | -0.10 | -0.21 |
| Diluted EPS | -0.29 | -0.25 | -0.21 | -0.17 | -0.10 | -0.21 |
| Basic Shares Outstanding | 14.0M | 11.5M | 10.3M | 9.5M | 7.6M | 4.7M |
| Diluted Shares Outstanding | 14.0M | 11.5M | 10.3M | 9.5M | 7.6M | 4.7M |
| Breakdown | 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $527.46K | $259.22K | $242.47K | $288.13K | $216.80K |
| Short-term Investments | - | - | $10.72K | $10.47K | $10.24K |
| Accounts Receivable | $209.06K | $348.56K | $312.34K | $1.24M | $151.29K |
| Inventory | $849.76K | $1.12M | $1.38M | $841.69K | $422.62K |
| Other Current Assets | - | $133.00K | $212.13K | $278.46K | $34.16K |
| Total Current Assets | $1.70M | $1.90M | $2.16M | $2.65M | $835.11K |
| Property Plant & Equipment | $424.10K | $525.81K | $634.13K | $613.47K | $221.56K |
| Other Non-current Assets | - | - | $5.89K | $5.89K | $5.89K |
| Total Assets | $3.52M | $4.09M | $4.11M | $4.79M | $1.32M |
| Accounts Payable | - | $762.52K | $670.50K | $1.14M | $801.79K |
| Deferred Revenue | - | - | $45.76K | $90.56K | $162.12K |
| Total Current Liabilities | $1.24M | $1.38M | $1.15M | $2.02M | $1.51M |
| Total Liabilities | $2.21M | $2.47M | $2.19M | $3.39M | $1.77M |
| Common Stock | $1.34K | $1.07K | $970.00 | $846.00 | $622.00 |
| Retained Earnings | $-15.00M | $-12.15M | $-10.05M | $-8.47M | $-7.69M |
| Total Stockholders Equity | $1.31M | $1.62M | $1.92M | $1.40M | $-446.86K |
| Total Liabilities & Equity | $3.52M | $4.09M | $4.11M | $4.79M | $1.32M |
| Breakdown | TTM (Sep 30, 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) |
|---|---|---|---|---|---|---|
| Net Income | $-3.83M | $-2.86M | $-2.10M | $-1.57M | $-781.05K | $-964.99K |
| Depreciation & Amortization | $188.49K | $111.06K | $112.29K | $106.35K | $38.61K | $84.55K |
| Stock-based Compensation | - | $404.73K | $338.59K | $592.16K | $198.61K | $185.94K |
| Change in Receivables | $67.36K | $9.16K | $46.01K | $-936.06K | $1.14M | $-156.26K |
| Change in Inventory | $-140.60K | $-123.68K | $-139.80K | $488.39K | $-43.33K | $-213.30K |
| Change in Payables | - | - | - | - | $339.08K | $-367.28K |
| Operating Cash Flow | $-3.58M | $-1.54M | $-1.71M | $-1.38M | $-2.00M | $-878.67K |
| Capital Expenditure | $44.87K | $9.35K | $4.91K | $127.01K | $143.46K | $11.13K |
| Purchases of Investments | - | - | - | $244.00 | $237.00 | $232.00 |
| Investing Cash Flow | $780.13K | $35.65K | $20.09K | $-127.26K | $-143.96K | $-11.36K |
| Stock Issued | $1.82M | $1.66M | $1.46M | $1.50M | $2.12M | $1.17M |
| Financing Cash Flow | $1.92M | $1.77M | $1.71M | $1.46M | $2.22M | $810.33K |
| Net Change in Cash | $-878.41K | $268.24K | $16.75K | $-45.66K | $71.33K | $-79.70K |
SEC Filing Format - Data shown as it appears in the Q3 2024 (10-Q) filing
Period ended: Sep 30, 2024
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2024 | Sep 30, 2024 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $640.27K | $658.16K | $1.84M | $2.06M |
| Cost of Revenue | $616.12K | $575.68K | $1.79M | $1.71M |
| Gross Profit | $24.15K | $82.48K | $46.93K | $359.37K |
| Operating Expenses | $1.48M | $745.63K | $3.02M | $2.38M |
| Research & Development | $23.65K | $24.38K | $65.57K | $36.65K |
| Operating Income | $-1.45M | $-663.15K | $-2.97M | $-2.01M |
| Interest Expense | $12.21K | $12.07K | $37.68K | $34.01K |
| Other Income/Expense | $845.00 | $-3.19K | $8.38K | $20.01K |
| Net Income | $-1.41M | $-699.67K | $-2.98M | $-2.00M |
| Basic EPS | -0.10 | -0.06 | -0.20 | -0.18 |
| Diluted EPS | -0.10 | -0.06 | -0.20 | -0.18 |
| Basic Shares Outstanding | $14.03M | $11.29M | $13.68M | $11.11M |
| Diluted Shares Outstanding | $14.03M | $11.29M | $13.68M | $11.11M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2024 | Dec 31, 2023 |
|---|---|---|
| Cash & Cash Equivalents | $38.69K | $527.46K |
| Accounts Receivable | $248.81K | $209.06K |
| Inventory | $719.95K | $849.76K |
| Total Current Assets | $1.04M | $1.70M |
| Property Plant & Equipment | $360.20K | $424.10K |
| Total Assets | $2.29M | $3.52M |
| Total Current Liabilities | $1.93M | $1.24M |
| Total Liabilities | $2.44M | $2.21M |
| Common Stock | $1.44K | $1.34K |
| Retained Earnings | $-17.98M | $-15.00M |
| Total Stockholders Equity | $-144.90K | $1.31M |
| Total Liabilities & Equity | $2.29M | $3.52M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2024 | Sep 30, 2024 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.41M | $-699.67K | $-2.98M | $-2.00M |
| Depreciation & Amortization | - | - | $80.86K | $84.13K |
| Change in Receivables | - | - | $138.37K | $53.91K |
| Change in Inventory | - | - | $-37.39K | $-51.52K |
| Operating Cash Flow | - | - | $-1.63M | $-1.06M |
| Capital Expenditure | - | - | $16.96K | $9.35K |
| Investing Cash Flow | - | - | $383.04K | $10.65K |
| Stock Issued | - | - | $737.50K | $850.33K |
| Financing Cash Flow | - | - | $762.24K | $911.10K |
| Net Change in Cash | - | - | $-488.77K | $-136.05K |
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.