Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 47.5M | 21.3M | 1.5M | 0.00 |
| Operating Revenue | 47.5M | 21.3M | 1.5M | 0.00 |
| Cost Of Revenue | 3.2M | 1.3M | 86,000 | 0.00 |
| Gross Profit | 44.4M | 20.0M | 1.4M | 0.00 |
| Selling General And Administration | 41.5M | 32.7M | 20.5M | 12.2M |
| General And Administrative Expense | 23.1M | 20.6M | 17.7M | 12.2M |
| Research And Development | 307,000 | 56,000 | 3.5M | 5.0M |
| Depreciation And Amortization In Income Statement | 89,000 | 287,000 | 149,000 | 16,000 |
| Operating Expense | 41.9M | 33.1M | 24.2M | 17.2M |
| Operating Income | 2.5M | -13.1M | -22.7M | -17.2M |
| EBIT | 4.0M | -12.7M | -22.7M | -17.2M |
| Interest Expense | 4.1M | 3.4M | 978,000 | 126,000 |
| Interest Expense Non Operating | 4.1M | 3.4M | 978,000 | 126,000 |
| Interest Income | 1.7M | 441,000 | 195,000 | 54,000 |
| Interest Income Non Operating | 1.7M | 441,000 | 195,000 | 54,000 |
| Net Interest Income | -2.4M | -3.0M | -783,000 | -88,000 |
| Other Income Expense | -163,000 | -34,000 | -193,000 | -35,000 |
| Gain On Sale Of Security | -163,000 | -34,000 | -193,000 | -35,000 |
| Pretax Income | -71,000 | -16.0M | -23.7M | -17.3M |
| Tax Provision | 365,000 | 0.00 | -- | -- |
| Tax Effect Of Unusual Items | -34,230 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -436,000 | -16.0M | -23.7M | -17.3M |
| Net Income From Continuing Operation Net Minority Interest | -436,000 | -16.0M | -23.7M | -17.3M |
| Net Income Including Noncontrolling Interests | -436,000 | -16.0M | -23.7M | -17.3M |
| Net Income Common Stockholders | -436,000 | -16.0M | -23.7M | -17.3M |
| Net Income | -436,000 | -16.0M | -23.7M | -17.3M |
| EBITDA | 4.8M | -12.4M | -22.6M | -17.2M |
| Normalized EBITDA | 5.0M | -12.3M | -22.4M | -17.2M |
| Reconciled Depreciation | 800,000 | 0.00 | 149,000 | 16,000 |
| Basic EPS | 0.00 | -0.60 | -0.90 | -0.67 |
| Diluted EPS | 0.00 | -0.60 | -0.90 | -0.67 |
| Basic Average Shares | 27.3M | 26.6M | 26.3M | 26.0M |
| Diluted Average Shares | 27.3M | 26.6M | 26.3M | 26.0M |
| Total Unusual Items | -163,000 | -34,000 | -193,000 | -35,000 |
| Total Unusual Items Excluding Goodwill | -163,000 | -34,000 | -193,000 | -35,000 |
| Tax Rate For Calcs | 0.21 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -307,230 | -16.0M | -23.5M | -17.3M |
| Amortization | 89,000 | 287,000 | 149,000 | 16,000 |
| Amortization Of Intangibles Income Statement | 89,000 | 287,000 | 149,000 | 16,000 |
| Depreciation Amortization Depletion Income Statement | 89,000 | 287,000 | 149,000 | 16,000 |
| Diluted NI Availto Com Stockholders | -436,000 | -16.0M | -23.7M | -17.3M |
| Net Income Continuous Operations | -436,000 | -16.0M | -23.7M | -17.3M |
| Net Non Operating Interest Income Expense | -2.4M | -3.0M | -783,000 | -88,000 |
| Other Gand A | 23.1M | 20.6M | 17.7M | 12.2M |
| Reconciled Cost Of Revenue | 2.5M | 1.5M | 86,000 | 0.00 |
| Selling And Marketing Expense | 18.4M | 12.1M | 2.8M | 0.00 |
| Total Expenses | 45.1M | 34.3M | 24.3M | 17.2M |
| Total Operating Income As Reported | 2.6M | -12.8M | -22.6M | -17.2M |
| Total Other Finance Cost | 89,000 | 287,000 | 149,000 | 16,000 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 26.6M | 13.3M | 23.8M | 21.1M |
| Cash Cash Equivalents And Short Term Investments | 26.6M | 13.3M | 23.8M | 21.1M |
| Accounts Receivable | 12.9M | 8.8M | 1.5M | 0.00 |
| Receivables | 12.9M | 8.8M | 1.5M | 0.00 |
| Inventory | 1.1M | 2.2M | 576,000 | 0.00 |
| Prepaid Assets | 3.1M | 2.6M | 770,000 | 1.0M |
| Other Current Assets | 466,000 | 44,000 | 63,000 | 253,000 |
| Current Assets | 44.1M | 26.9M | 26.7M | 22.4M |
| Other Non Current Assets | 822,000 | 6,000 | -- | -- |
| Total Non Current Assets | 822,000 | 6,000 | 211,000 | 27,000 |
| Total Assets | 44.9M | 26.9M | 26.9M | 22.4M |
| Current Debt And Capital Lease Obligation | 2,000 | 21,000 | -- | -- |
| Accounts Payable | 3.2M | 3.8M | 2.4M | 777,000 |
| Payables | 3.2M | 3.8M | 2.4M | 777,000 |
| Payables And Accrued Expenses | 6.7M | 7.5M | 4.6M | 1.7M |
| Current Accrued Expenses | 3.4M | 3.8M | 2.2M | 877,000 |
| Current Deferred Revenue | 248,000 | 0.00 | -- | -- |
| Current Liabilities | 6.9M | 7.6M | 4.6M | 1.7M |
| Long Term Debt | 19.3M | 30.9M | 24.9M | 5.0M |
| Long Term Debt And Capital Lease Obligation | 19.3M | 30.9M | 24.9M | 5.0M |
| Long Term Capital Lease Obligation | -- | 2,000 | 0.00 | -- |
| Total Non Current Liabilities Net Minority Interest | 43.9M | 30.9M | 24.9M | 5.0M |
| Total Liabilities Net Minority Interest | 50.8M | 38.5M | 29.5M | 6.6M |
| Common Stock | 145.6M | 144.3M | 142.6M | 140.8M |
| Capital Stock | 145.6M | 144.3M | 142.6M | 140.8M |
| Additional Paid In Capital | 67.0M | 62.1M | 56.8M | 53.2M |
| Retained Earnings | -219.7M | -219.2M | -203.2M | -179.5M |
| Gains Losses Not Affecting Retained Earnings | 1.2M | 1.2M | 1.2M | 1.2M |
| Other Equity Adjustments | 1.2M | 1.2M | 1.2M | 1.2M |
| Common Stock Equity | -5.9M | -11.6M | -2.6M | 15.8M |
| Stockholders Equity | -5.9M | -11.6M | -2.6M | 15.8M |
| Total Equity Gross Minority Interest | -5.9M | -11.6M | -2.6M | 15.8M |
| Total Capitalization | 13.5M | 19.3M | 22.3M | 20.8M |
| Net Tangible Assets | -5.9M | -11.6M | -2.6M | 15.8M |
| Tangible Book Value | -5.9M | -11.6M | -2.6M | 15.8M |
| Working Capital | 37.2M | 19.3M | 22.1M | 20.7M |
| Invested Capital | 13.5M | 19.3M | 22.3M | 20.8M |
| Total Debt | 19.3M | 31.0M | 24.9M | 5.0M |
| Net Debt | -- | 17.7M | 1.1M | -- |
| Share Issued | 27.5M | 27.0M | 26.4M | 26.0M |
| Ordinary Shares Number | 27.5M | 27.0M | 26.4M | 26.0M |
| Allowance For Doubtful Accounts Receivable | -3.8M | -- | -- | -- |
| Capital Lease Obligations | 2,000 | 21,000 | 0.00 | -- |
| Current Capital Lease Obligation | 2,000 | 21,000 | 0.00 | -- |
| Current Deferred Liabilities | 248,000 | 0.00 | -- | -- |
| Gross Accounts Receivable | 16.7M | -- | -- | -- |
| Non Current Deferred Assets | -- | 6,000 | 211,000 | 27,000 |
| Non Current Deferred Liabilities | 24.6M | 2,000 | -- | -- |
| Non Current Deferred Revenue | 24.6M | 2,000 | -- | -- |
| Treasury Shares Number | -- | 0.00 | -- | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 27.0M | -17.1M | -18.1M | -14.2M |
| Cash Flow From Continuing Operating Activities | 27.0M | -17.1M | -18.1M | -14.2M |
| Depreciation And Amortization | 800,000 | 0.00 | -- | -- |
| Depreciation Amortization Depletion | 800,000 | 0.00 | -- | -- |
| Stock Based Compensation | 5.1M | 5.4M | 4.1M | 3.7M |
| Change In Working Capital | 16.9M | -6.8M | 1.1M | -932,000 |
| Changes In Account Receivables | -7.9M | -7.3M | -1.5M | 0.00 |
| Change In Receivables | -7.9M | -7.3M | -1.5M | 0.00 |
| Change In Inventory | 579,000 | -1.6M | -576,000 | 0.00 |
| Change In Payables And Accrued Expense | -863,000 | 2.0M | 3.0M | -693,000 |
| Change In Payable | -537,000 | 1.4M | 1.6M | -794,000 |
| Change In Other Working Capital | 24.8M | -- | -- | -- |
| Change In Other Current Assets | 796,000 | 3,000 | 6,000 | -2,000 |
| Other Non Cash Items | 211,000 | 287,000 | 282,000 | 282,000 |
| Issuance Of Debt | -- | 5.0M | 24.9M | 5.0M |
| Repayment Of Debt | -13.0M | 0.00 | -5.0M | 0.00 |
| Net Issuance Payments Of Debt | -13.0M | 5.0M | 19.9M | 5.0M |
| Issuance Of Capital Stock | -- | -- | -- | 0.00 |
| Net Common Stock Issuance | -- | -- | -- | 0.00 |
| Financing Cash Flow | -13.6M | 6.6M | 20.7M | 5.0M |
| Cash Flow From Continuing Financing Activities | -13.6M | 6.6M | 20.7M | 5.0M |
| Changes In Cash | 13.4M | -10.5M | 2.7M | -9.2M |
| Beginning Cash Position | 13.3M | 23.8M | 21.1M | 30.3M |
| End Cash Position | 26.6M | 13.3M | 23.8M | 21.1M |
| Free Cash Flow | 27.0M | -17.1M | -18.1M | -14.2M |
| Amortization Cash Flow | 800,000 | 0.00 | -- | -- |
| Amortization Of Intangibles | 800,000 | 0.00 | -- | -- |
| Change In Account Payable | -537,000 | 1.4M | 1.6M | -794,000 |
| Change In Accrued Expense | -326,000 | 576,000 | 1.3M | 101,000 |
| Change In Prepaid Assets | -505,000 | 104,000 | 264,000 | -237,000 |
| Common Stock Issuance | -- | -- | -- | 0.00 |
| Long Term Debt Issuance | -- | 5.0M | 24.9M | 5.0M |
| Long Term Debt Payments | -13.0M | 0.00 | -5.0M | 0.00 |
| Net Income From Continuing Operations | -436,000 | -16.0M | -23.7M | -17.3M |
| Net Long Term Debt Issuance | -13.0M | 5.0M | 19.9M | 5.0M |
| Net Other Financing Charges | -1.9M | -75,000 | -131,000 | -55,000 |
| Proceeds From Stock Option Exercised | 1.3M | 1.7M | 928,000 | 33,000 |
| Provisionand Write Offof Assets | 4.3M | 0.00 | -- | -- |
| Unrealized Gain Loss On Investment Securities | 81,000 | 39,000 | 184,000 | 25,000 |