$106.00K
Revenue
$-17.86M
Net Income
-
Gross Margin
-18211.32%
Op. Margin
$-26.07M
Free Cash Flow
| Breakdown | 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $58.00K | $48.00K | - | - | $2.00K | $1.00K | $2.00K | - | $3.00K | $2.00K | $2.00K | $5.00K | $4.00K |
| Revenue Growth % (YoY) | 2800.0% | 4700.0% | -100.0% | nan% | -33.3% | -50.0% | 0.0% | -100.0% | -25.0% | nan% | nan% | nan% | nan% |
| Operating Expenses | $4.70M | $3.99M | $4.05M | $6.67M | $4.39M | $4.42M | $4.93M | $7.78M | $5.64M | $12.12M | $5.92M | $8.06M | $5.36M |
| Research & Development | $1.14M | $1.22M | $1.26M | $2.37M | $1.18M | $1.22M | $1.27M | $2.37M | $1.22M | $4.75M | $1.37M | $2.71M | $1.22M |
| Selling General & Admin | $3.06M | $2.78M | $2.79M | $4.30M | $3.21M | $3.19M | $3.66M | $5.41M | $4.42M | $7.37M | $4.55M | $5.35M | $4.14M |
| Operating Income | $-4.64M | $-3.94M | $-4.05M | $-6.67M | $-4.39M | $-4.42M | $-4.93M | $-7.78M | $-5.63M | $-12.12M | $-5.91M | $-8.05M | $-5.36M |
| Operating Margin % | -8006.9% | -8216.7% | nan% | nan% | -219350.0% | -441500.0% | -246300.0% | nan% | -187833.3% | -605950.0% | -295700.0% | -161020.0% | -133875.0% |
| Income Before Tax | $-4.35M | $-3.62M | $-3.68M | $-6.21M | $-3.84M | $-3.83M | $-4.29M | $-7.11M | $-4.92M | $-11.38M | $-4.54M | $-7.02M | $-4.77M |
| Income Tax Expense | - | - | $2.00K | - | - | $3.00K | - | - | $-1.00K | - | $-78.00K | $17.20M | $-486.00K |
| Net Income | $-4.35M | $-3.62M | $-3.68M | $-6.21M | $-3.84M | $-3.83M | $-4.29M | $-7.11M | $-4.92M | $-11.38M | $-4.47M | $-24.22M | $-4.28M |
| Net Margin % | -7496.6% | -7543.8% | nan% | nan% | -191950.0% | -383000.0% | -214550.0% | nan% | -163933.3% | -568950.0% | -223350.0% | -484460.0% | -107000.0% |
| Basic EPS | -1.18 | -0.99 | -1.01 | -1.73 | -1.07 | -1.07 | -1.19 | -2.00 | -1.36 | -0.16 | -0.06 | -0.34 | -0.06 |
| Diluted EPS | -1.18 | -0.99 | -1.01 | -1.73 | -1.07 | -1.07 | -1.19 | -2.00 | -1.36 | -0.16 | -0.06 | -0.34 | -0.06 |
| Basic Shares Outstanding | 3.7M | 3.7M | 3.6M | -3.6M | 3.6M | 3.6M | 3.6M | -3.6M | 3.6M | 71.5M | 71.4M | 30K | 71.4M |
| Diluted Shares Outstanding | 3.7M | 3.7M | 3.6M | -3.6M | 3.6M | 3.6M | 3.6M | -3.6M | 3.6M | 71.5M | 71.4M | 30K | 71.4M |
| Breakdown | 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $17.13M | $17.29M | $23.22M | $23.30M | $25.13M | $26.29M | $27.59M | $26.29M | $27.84M | $25.97M | $97.05M | $86.56M | $105.81M |
| Accounts Receivable | $19.00K | $48.00K | - | - | - | - | - | $2.00K | $2.00K | $4.00K | $4.00K | $14.00K | $20.00K |
| Other Current Assets | $223.00K | $261.00K | $399.00K | $122.00K | $266.00K | $299.00K | $367.00K | $282.00K | $439.00K | $480.00K | $614.00K | $224.00K | $370.00K |
| Total Current Assets | $28.43M | $31.54M | $34.58M | $38.20M | $44.02M | $47.21M | $50.37M | $53.83M | $61.47M | $66.71M | $150.03M | $152.26M | $159.39M |
| Property Plant & Equipment | $68.00K | $57.00K | $62.00K | $67.00K | $62.00K | $68.00K | $62.00K | $67.00K | $6.00K | $8.00K | $10.00K | $11.00K | $13.00K |
| Total Assets | $37.98M | $41.82M | $45.11M | $49.61M | $55.59M | $58.95M | $62.27M | $60.41M | $63.91M | $67.25M | $150.66M | $152.97M | $177.32M |
| Other Current Liabilities | $1.31M | $1.30M | $1.29M | $6.60M | $6.47M | $6.33M | $6.21M | $498.00K | $8.00K | $24.00K | $37.00K | $47.00K | $54.00K |
| Total Current Liabilities | $2.07M | $1.94M | $1.95M | $7.20M | $7.13M | $7.01M | $7.03M | $1.25M | $1.60M | $813.00K | $73.52M | $731.00K | $1.90M |
| Other Non-current Liabilities | $6.62M | $6.71M | $6.80M | $2.79M | $2.96M | $3.13M | $3.06M | $3.15M | - | - | - | - | $4.00K |
| Total Liabilities | $8.69M | $8.65M | $8.75M | $9.99M | $10.09M | $10.14M | $10.09M | $4.40M | $1.60M | $813.00K | $73.52M | $731.00K | $1.90M |
| Common Stock | - | - | - | - | - | - | - | - | - | $7.00K | $7.00K | $7.00K | $7.00K |
| Retained Earnings | $-216.32M | $-211.97M | $-208.35M | $-204.67M | $-198.46M | $-194.62M | $-190.79M | $-186.50M | $-179.39M | $-174.47M | $-163.09M | $-87.19M | $-62.97M |
| Total Stockholders Equity | $29.29M | $33.17M | $36.36M | $39.62M | $45.49M | $48.81M | $52.18M | $56.01M | $62.31M | $66.43M | $77.14M | $152.24M | $175.41M |
| Total Liabilities & Equity | $37.98M | $41.82M | $45.11M | $49.61M | $55.59M | $58.95M | $62.27M | $60.41M | $63.91M | $67.25M | $150.66M | $152.97M | $177.32M |
| Breakdown | 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-4.35M | $-7.30M | $-3.68M | $-6.21M | $-3.84M | $-8.12M | $-4.29M | $-7.11M | $-20.76M | $-15.85M | $-4.47M | $-24.22M | $-4.28M |
| Change in Receivables | $19.00K | $48.00K | - | $1.00K | $-2.00K | $-2.00K | $-2.00K | - | $3.00K | $1.00K | - | $-6.00K | $3.00K |
| Change in Payables | $41.00K | $-50.00K | $-7.00K | - | $-160.00K | $-115.00K | $50.00K | - | $810.00K | $24.00K | $1.32M | - | $1.14M |
| Operating Cash Flow | $-9.84M | $-6.83M | $-3.89M | $-5.51M | $-9.82M | $-6.60M | $-3.52M | $-7.02M | $-17.76M | $-14.47M | $-2.71M | $-7.09M | $-9.81M |
| Capital Expenditure | $17.00K | - | - | $11.00K | $11.00K | $11.00K | - | $65.00K | - | - | - | - | - |
| Investing Cash Flow | $3.69M | $836.00K | $3.82M | $3.80M | $8.67M | $6.59M | $4.82M | $5.46M | $30.48M | $25.31M | $13.20M | $-12.16M | $-26.38M |
| Dividends Paid | - | - | - | - | - | - | - | - | $71.43M | $71.43M | - | - | - |
| Financing Cash Flow | $-19.00K | $-7.00K | - | $-120.00K | $-9.00K | $-3.00K | $-3.00K | - | $-71.44M | $-71.43M | - | - | $-29.00K |
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 | $58.00K | $2.00K | $106.00K | $5.00K |
| Operating Expenses | $4.70M | $4.39M | $12.74M | $13.73M |
| Research & Development | $1.14M | $1.18M | $3.62M | $3.67M |
| Selling General & Admin | $3.06M | $3.21M | $8.62M | $10.07M |
| Operating Income | $-4.64M | $-4.39M | $-12.63M | $-13.73M |
| Income Before Tax | $-4.35M | $-3.84M | $-11.65M | $-11.96M |
| Income Tax Expense | - | - | $2.00K | $3.00K |
| Net Income | $-4.35M | $-3.84M | $-11.65M | $-11.96M |
| Basic EPS | -1.18 | -1.07 | -3.17 | -3.32 |
| Diluted EPS | -1.18 | -1.07 | -3.17 | -3.32 |
| Basic Shares Outstanding | $3.67M | $3.60M | $3.67M | $3.60M |
| Diluted Shares Outstanding | $3.67M | $3.60M | $3.67M | $3.60M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $17.13M | $23.30M |
| Accounts Receivable | $19.00K | - |
| Other Current Assets | $223.00K | $122.00K |
| Total Current Assets | $28.43M | $38.20M |
| Property Plant & Equipment | $68.00K | $67.00K |
| Total Assets | $37.98M | $49.61M |
| Other Current Liabilities | $1.31M | $6.60M |
| Total Current Liabilities | $2.07M | $7.20M |
| Other Non-current Liabilities | $6.62M | $2.79M |
| Total Liabilities | $8.69M | $9.99M |
| Common Stock | - | - |
| Retained Earnings | $-216.32M | $-204.67M |
| Total Stockholders Equity | $29.29M | $39.62M |
| Total Liabilities & Equity | $37.98M | $49.61M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-4.35M | $-3.84M | $-11.65M | $-11.96M |
| Change in Receivables | - | - | $19.00K | $-2.00K |
| Change in Payables | - | - | $41.00K | $-160.00K |
| Operating Cash Flow | - | - | $-9.84M | $-9.82M |
| Capital Expenditure | - | - | $17.00K | $11.00K |
| Investing Cash Flow | - | - | $3.69M | $8.67M |
| Financing Cash Flow | - | - | $-19.00K | $-9.00K |
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.