$2.38M
Revenue
$-36.84M
Net Income
22.29%
Gross Margin
-692.70%
Op. Margin
$-8.90M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Total Revenue | $2.38M | $2.38M | $808.37K | $62.73K | - | - |
| Revenue Growth % | 0.0% | 194.6% | 1188.6% | nan% | nan% | nan% |
| Cost of Revenue | $1.85M | $1.85M | $554.18K | $1.89K | $18.61K | - |
| Gross Profit | $530.73K | - | - | $60.84K | $20.31K | - |
| Gross Margin % | 22.3% | nan% | nan% | 97.0% | nan% | nan% |
| Operating Expenses | $18.88M | $18.88M | $6.11M | $2.98M | $58.21K | $109.36K |
| Research & Development | - | $198.50K | $14.00K | - | - | - |
| Operating Income | $-16.50M | $-16.50M | $-5.30M | $-2.92M | $-37.91K | $-109.36K |
| Operating Margin % | -692.7% | -692.7% | -656.2% | -4652.4% | nan% | nan% |
| Interest Expense | $1.51M | $1.51M | $257.78K | $255.00 | $1.47K | - |
| Other Income/Expense | $-20.34M | $-20.34M | $-1.58M | $-255.00 | $-7.06K | - |
| Income Before Tax | $-36.84M | $-36.84M | $-6.88M | $-2.92M | $-44.97K | $-109.36K |
| Income Tax Expense | - | - | - | - | - | - |
| Net Income | $-36.84M | $-36.84M | $-6.88M | $-2.91M | $-94.97K | $-109.36K |
| Net Margin % | -1546.9% | -1546.9% | -851.3% | -4635.3% | nan% | nan% |
| Basic EPS | nan | -2.96 | -0.82 | -0.05 | 0.00 | 0.00 |
| Diluted EPS | nan | -2.96 | -0.14 | -0.04 | 0.00 | nan |
| Basic Shares Outstanding | - | 12.4M | 8.4M | 62.3M | 22.9M | 22.9M |
| Diluted Shares Outstanding | 1.8M | 12.4M | 50.3M | 75.3M | 22.9M | - |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $6.27M | $775.13K | - | $5.47K | - |
| Accounts Receivable | $209.05K | $317.45K | - | - | - |
| Inventory | $620.77K | $324.66K | $114.64K | - | - |
| Other Current Assets | $317.02K | $74.13K | - | - | - |
| Total Current Assets | $7.42M | $1.62M | $170.08K | $5.47K | - |
| Property Plant & Equipment | $630.28K | $111.37K | $4.55K | $291.44K | - |
| Intangible Assets | $5.33M | $3.70M | - | - | - |
| Total Assets | $14.18M | $5.48M | $4.41M | $330.23K | - |
| Deferred Revenue | $3.00K | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | $2.17M | $2.16M | $1.06M | $383.09K | $9.36K |
| Total Liabilities | $2.92M | $2.16M | $1.06M | $383.09K | $9.36K |
| Common Stock | $1.85K | $3.68K | $93.94K | $22.95K | $22.95K |
| Retained Earnings | $-113.20M | $-76.37M | $-59.38M | $-56.47M | $-56.38M |
| Total Stockholders Equity | $11.26M | $3.32M | $3.35M | $-52.86K | $-9.36K |
| Total Liabilities & Equity | $14.18M | $5.48M | $4.41M | $330.23K | - |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Net Income | $-47.74M | $-36.84M | $-6.88M | $-2.91M | $-94.97K | $-109.36K |
| Depreciation & Amortization | $403.87K | $329.33K | $264.70K | $15.86K | $9.74K | - |
| Stock-based Compensation | $26.57M | $19.14M | $1.86M | $2.10M | - | $100.00K |
| Change in Receivables | $1.00M | $237.54K | $-87.20K | - | - | - |
| Change in Inventory | $634.62K | $370.94K | $94.46K | $114.64K | - | - |
| Operating Cash Flow | $-8.51M | $-5.87M | $-1.94M | $-708.45K | $-24.21K | - |
| Capital Expenditure | $388.69K | $193.95K | - | $5.35K | - | - |
| Investing Cash Flow | $-488.69K | $-293.95K | - | $-5.35K | $-287.10K | - |
| Debt Repayment | $708.87K | $277.62K | $32.46K | - | - | - |
| Financing Cash Flow | $19.01M | $11.66M | $2.16M | $763.76K | $316.77K | - |
| Net Change in Cash | - | - | - | $49.97K | $5.47K | - |
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 | $288.21K | - | $1.95M | - |
| Cost of Revenue | $575.60K | - | $1.50M | - |
| Operating Expenses | $4.53M | - | $12.66M | - |
| Operating Income | $-4.24M | - | $-10.71M | - |
| Interest Expense | $360.24K | - | $1.32M | - |
| Other Income/Expense | $-3.69M | - | $-20.02M | - |
| Income Before Tax | $-7.93M | - | $-30.74M | - |
| Income Tax Expense | - | - | - | - |
| Net Income | $-7.93M | $-907.40K | $-30.74M | - |
| Diluted EPS | -0.59 | - | -2.88 | - |
| Diluted Shares Outstanding | $13.52M | - | $10.67M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Accounts Receivable | $508.18K | $317.45K |
| Inventory | $467.32K | $324.66K |
| Other Current Assets | $87.07K | $74.13K |
| Total Current Assets | $7.26M | $1.62M |
| Property Plant & Equipment | $664.12K | $111.37K |
| Intangible Assets | $3.51M | $3.70M |
| Total Assets | $12.26M | $5.48M |
| Deferred Revenue | $6.00K | - |
| Total Current Liabilities | $2.97M | $2.16M |
| Long-term Debt | $125.15K | - |
| Total Liabilities | $3.75M | $2.16M |
| Common Stock | $1.77K | $614.00 |
| Retained Earnings | $-107.10M | $-76.37M |
| Total Stockholders Equity | $8.51M | $3.32M |
| Total Liabilities & Equity | $12.26M | $5.48M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-7.93M | $-907.40K | $-30.74M | - |
| Depreciation & Amortization | $90.05K | - | $241.70K | - |
| Stock-based Compensation | - | - | $6.78M | - |
| Change in Receivables | - | - | $190.72K | - |
| Change in Inventory | - | - | $237.96K | - |
| Operating Cash Flow | - | - | $-3.39M | - |
| Capital Expenditure | - | - | $221.67K | - |
| Investing Cash Flow | - | - | $-221.67K | - |
| Debt Repayment | - | - | $215.62K | - |
| Financing Cash Flow | - | - | $9.03M | - |
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.