-
Revenue
$-5.44M
Net Income
-
Gross Margin
-
Op. Margin
$-13.64M
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 2023 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $81.00K | - | - | - | $10.00K | $373.00K | $29.00K | $31.00K | $16.00K | - | - |
| Revenue Growth % (YoY) | 710.0% | nan% | nan% | -100.0% | -37.5% | nan% | nan% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $64.00K | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | $17.00K | - | - | - | - | - | - | - | - | - | - |
| Gross Margin % | 21.0% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Operating Expenses | $1.07M | $1.32M | $5.04M | $1.83M | $2.19M | $6.30M | $4.38M | $5.39M | $6.86M | $7.32M | $6.47M |
| Research & Development | $5.00K | $68.00K | $822.00K | $880.00K | $950.00K | $4.73M | $2.80M | $3.52M | $5.24M | $5.67M | $4.41M |
| Selling General & Admin | - | - | - | $948.00K | $1.24M | $1.57M | $1.58M | $1.87M | $1.62M | $1.65M | $2.05M |
| Operating Income | $-992.00K | $-1.32M | $-5.04M | $-1.83M | $-2.18M | $-5.93M | $-4.36M | $-5.36M | $-6.84M | $-7.32M | $-6.47M |
| Operating Margin % | -1224.7% | nan% | nan% | nan% | -21770.0% | -1589.5% | -15017.2% | -17290.3% | -42781.2% | nan% | nan% |
| Interest Expense | $6.00K | $5.00K | $4.00K | - | - | - | - | - | - | - | - |
| Interest Income | - | - | - | - | - | $77.00K | $2.00K | $23.00K | $50.00K | $116.00K | $67.00K |
| Other Income/Expense | $9.00K | $2.00K | $10.00K | - | $52.00K | $-106.00K | $52.00K | - | $-9.00K | $195.00K | $357.00K |
| Income Before Tax | $-988.00K | $-1.32M | $-81.00K | $-1.86M | $-2.17M | $-6.03M | $-4.30M | $-5.69M | $-6.70M | $-7.12M | $-6.11M |
| Income Tax Expense | - | $2.00K | - | $1.19M | $-210.00K | $-586.00K | $-1.35M | $-422.00K | $-668.00K | $-1.32M | $-1.01M |
| Net Income | $-988.00K | $-1.32M | $-81.00K | $-3.05M | $-1.96M | $-5.45M | $-2.95M | $-5.27M | $-6.03M | $-5.80M | $-5.10M |
| Net Margin % | -1219.8% | nan% | nan% | nan% | -19570.0% | -1460.6% | -10158.6% | -17003.2% | -37700.0% | nan% | nan% |
| Basic EPS | -1.31 | -0.98 | 0.00 | 487.92 | nan | -0.44 | nan | nan | nan | -0.47 | -0.42 |
| Diluted EPS | -1.31 | -0.98 | 0.00 | 487.92 | nan | -0.44 | -2.27 | nan | nan | -0.47 | -0.42 |
| Basic Shares Outstanding | 1.9M | - | - | - | - | 12.6M | - | - | - | 12.5M | 12.3M |
| Diluted Shares Outstanding | 1.9M | - | - | - | - | 12.6M | - | - | - | 12.5M | 12.3M |
| 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 2023 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $3.84M | $4.28M | $3.45M | $3.14M | $2.98M | $10.16M | $2.80M | $3.38M | $5.94M | $11.44M | $23.71M |
| Accounts Receivable | $725.00K | - | - | - | - | - | - | - | - | - | - |
| Inventory | $1.37M | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | $513.00K | $108.00K | $264.00K | $537.00K | $1.93M | $5.13M | $2.04M | $4.07M | $5.17M | $7.54M | $4.21M |
| Total Current Assets | $6.44M | $4.38M | $3.71M | $3.67M | $4.91M | $15.29M | $4.83M | $7.44M | $11.11M | $18.97M | $27.91M |
| Property Plant & Equipment | $129.00K | $1.00K | $1.00K | $3.00K | $4.00K | $24.00K | $7.00K | $9.00K | $16.00K | $31.00K | $37.00K |
| Goodwill | $1.57M | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $8.16M | $4.40M | $3.73M | $4.09M | $5.38M | $16.44M | $6.17M | $8.80M | $12.50M | $22.06M | $31.02M |
| Accounts Payable | $468.00K | $221.00K | $114.00K | $4.60M | $4.13M | $2.17M | $5.20M | $3.54M | $1.57M | $2.51M | $983.00K |
| Accrued Liabilities | $534.00K | $539.00K | $549.00K | $1.67M | $2.23M | $4.58M | $3.15M | $4.62M | $6.58M | $4.83M | $3.37M |
| Total Current Liabilities | $1.00M | $760.00K | $663.00K | $6.27M | $6.35M | $6.75M | $8.35M | $8.16M | $8.15M | $7.34M | $4.35M |
| Total Liabilities | $1.06M | $770.00K | $672.00K | $6.27M | $6.35M | $6.81M | $8.37M | $8.20M | $8.20M | $7.42M | $4.46M |
| Common Stock | $3.00K | $2.00K | $204.00K | $9.00K | $2.00K | $9.00K | $1.00K | $1.00K | $12.00K | $9.00K | $9.00K |
| Retained Earnings | $-444.26M | $-441.78M | $-440.46M | $-439.49M | $-436.44M | $-417.41M | $-431.23M | $-428.28M | $-423.01M | $-411.96M | $-398.74M |
| Total Stockholders Equity | $7.10M | $3.63M | $3.06M | $-2.17M | $-970.00K | $5.14M | $-2.21M | $607.00K | $4.30M | $10.15M | $22.07M |
| Total Liabilities & Equity | $8.16M | $4.40M | $3.73M | $4.09M | $5.38M | $16.44M | $6.17M | $8.80M | $12.50M | $22.06M | $31.02M |
| 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 2023 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-988.00K | $-1.32M | $-81.00K | $-3.05M | $-1.96M | $-11.25M | $-2.95M | $-5.27M | $-17.28M | $-5.80M | $-5.10M |
| Stock-based Compensation | $1.68M | $1.67M | $1.67M | $93.00K | $499.00K | $760.00K | $203.00K | $322.00K | $1.15M | $401.00K | $1.12M |
| Change in Receivables | $725.00K | - | - | - | - | - | - | - | - | - | - |
| Change in Inventory | $1.37M | - | - | - | - | - | - | - | - | - | - |
| Operating Cash Flow | $-4.74M | $-4.30M | $-3.25M | $-1.36M | $-6.63M | $-8.17M | $-483.00K | $-3.91M | $-12.20M | $-6.86M | $-15.66M |
| Capital Expenditure | - | - | - | - | - | $6.00K | - | - | $6.00K | $6.00K | $7.00K |
| Investing Cash Flow | - | - | - | - | - | $-6.00K | - | - | $-6.00K | $-6.00K | $-7.00K |
| Financing Cash Flow | $5.52M | $5.53M | $3.65M | $1.61M | $6.21M | $-101.00K | $-79.00K | $999.00K | $-151.00K | $-50.00K | $2.96M |
| Net Change in Cash | $701.00K | $1.14M | $313.00K | $155.00K | $-396.00K | $-8.18M | $-580.00K | $-2.57M | $-12.40M | $-6.91M | $-12.85M |
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 | $81.00K | - | $81.00K | - |
| Cost of Revenue | $64.00K | - | $64.00K | - |
| Operating Expenses | $1.07M | - | $7.43M | - |
| Research & Development | $5.00K | - | $895.00K | - |
| Operating Income | $-992.00K | - | $-7.34M | - |
| Interest Expense | - | - | $6.00K | - |
| Other Income/Expense | $9.00K | - | $21.00K | - |
| Income Before Tax | $-988.00K | - | $-2.38M | - |
| Income Tax Expense | - | - | $2.00K | - |
| Net Income | $-988.00K | $-3.26M | $-2.39M | - |
| Basic EPS | -1.31 | - | -2.86 | - |
| Diluted EPS | -1.31 | - | -2.86 | - |
| Basic Shares Outstanding | $1.91M | - | $1.37M | - |
| Diluted Shares Outstanding | $1.91M | - | $1.37M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $3.84M | $3.14M |
| Accounts Receivable | $725.00K | - |
| Inventory | $1.37M | - |
| Other Current Assets | $513.00K | $537.00K |
| Total Current Assets | $6.44M | $3.67M |
| Property Plant & Equipment | $129.00K | $3.00K |
| Goodwill | $1.57M | - |
| Total Assets | $8.16M | $4.09M |
| Accounts Payable | $468.00K | $4.60M |
| Accrued Liabilities | $534.00K | $1.67M |
| Total Current Liabilities | $1.00M | $6.27M |
| Total Liabilities | $1.06M | $6.27M |
| Common Stock | $3.00K | - |
| Retained Earnings | $-444.26M | $-439.49M |
| Total Stockholders Equity | $7.10M | $-2.17M |
| Total Liabilities & Equity | $8.16M | $4.09M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-988.00K | $-3.26M | $-2.39M | - |
| Stock-based Compensation | - | - | $1.68M | - |
| Change in Receivables | - | - | $725.00K | - |
| Change in Inventory | - | - | $1.37M | - |
| Operating Cash Flow | - | - | $-4.74M | - |
| Investing Cash Flow | - | - | - | - |
| Financing Cash Flow | - | - | $5.52M | - |
| Net Change in Cash | - | - | $701.00K | - |
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.