$6.40M
Revenue
$-3.40M
Net Income
22.80%
Gross Margin
-52.78%
Op. Margin
$-4.58M
Free Cash Flow
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|
| Total Revenue | $6.40M | $6.02M | $6.50M | $4.47M | $1.92M | $3.07M |
| Revenue Growth % | 6.2% | -7.3% | 45.4% | 133.0% | -37.6% | nan% |
| Cost of Revenue | $4.94M | $4.72M | $5.43M | $3.50M | $1.09M | $2.39M |
| Gross Profit | $1.46M | $1.30M | $1.07M | $963.50K | $832.25K | $681.57K |
| Gross Margin % | 22.8% | 21.6% | 16.4% | 21.6% | 43.4% | 22.2% |
| Operating Expenses | $4.83M | $5.37M | $4.48M | $4.29M | $3.56M | $4.02M |
| Research & Development | $134.25K | $363.35K | $797.11K | - | - | - |
| Selling General & Admin | $4.36M | $5.01M | $4.48M | $4.29M | $3.56M | - |
| Operating Income | $-3.38M | $-4.07M | $-3.41M | $-3.33M | $-2.73M | $-3.34M |
| Operating Margin % | -52.8% | -67.6% | -52.5% | -74.5% | -142.1% | -108.6% |
| Interest Expense | $26.82K | $15.32K | $7.25K | $53.32K | $273.65K | $33.49K |
| Interest Income | $51.61K | $113.73K | $131.88K | $57.40K | $354.00 | - |
| Other Income/Expense | $32.29K | $34.32K | $-28.10K | $-17.08K | $-273.30K | $-435.48K |
| Income Before Tax | $-3.33M | $-3.95M | $-3.22M | $-3.34M | $-3.00M | $-3.77M |
| Income Tax Expense | - | $32.38K | $18.31K | $2.95K | - | $12.57K |
| Net Income | $-3.40M | $-3.98M | $-3.24M | $-3.35M | $-3.00M | $-3.79M |
| Net Margin % | -53.2% | -66.1% | -49.8% | -74.9% | -156.4% | -123.2% |
| Basic EPS | -1.31 | -1.81 | -0.20 | -0.26 | -0.34 | nan |
| Diluted EPS | -1.31 | -1.81 | -0.20 | -0.26 | nan | nan |
| Basic Shares Outstanding | 3.0M | 2.2M | 16.0M | 12.8M | 8.9M | - |
| Diluted Shares Outstanding | 3.0M | 2.2M | 16.0M | 12.8M | - | - |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $2.63M | $4.75M | $7.31M | $1.39M | $206.93K |
| Accounts Receivable | $1.28M | $281.05K | $1.22M | $492.75K | $996.57K |
| Inventory | $148.12K | $324.51K | $526.47K | $344.65K | $176.91K |
| Other Current Assets | $435.05K | $435.58K | $371.99K | $310.66K | $316.21K |
| Total Current Assets | $5.03M | $5.93M | $9.56M | $2.68M | $1.99M |
| Property Plant & Equipment | $68.68K | $891.19K | $32.91K | $38.19K | $189.09K |
| Other Non-current Assets | $84.42K | $444.72K | $267.39K | $273.42K | $162.38K |
| Total Assets | $5.18M | $7.26M | $9.86M | $2.99M | $2.45M |
| Short-term Debt | $427.02K | $348.77K | $398.41K | $50.00K | $53.02K |
| Total Current Liabilities | $2.30M | $1.46M | $2.10M | $3.43M | $3.43M |
| Long-term Debt | $376.19K | - | $190.78K | $338.80K | - |
| Common Stock | $28.00 | $162.00 | $150.00 | $773.00 | $279.00 |
| Retained Earnings | $-53.18M | $-47.94M | $-44.71M | $-41.36M | $-31.91M |
| Total Stockholders Equity | $2.51M | $5.80M | $7.57M | $-777.28K | $-1.63M |
| Total Liabilities & Equity | $5.18M | $7.26M | $9.86M | $2.99M | $2.45M |
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|
| Net Income | $-3.40M | $-3.98M | $-3.24M | $-3.35M | $-3.00M | $-3.79M |
| Depreciation & Amortization | $44.69K | $31.80K | $19.75K | $17.80K | $15.02K | $191.51K |
| Stock-based Compensation | - | $122.60K | $104.60K | $120.58K | $801.91K | $216.70K |
| Change in Receivables | $-1.20M | $996.59K | $-930.80K | $785.97K | $266.14K | $677.89K |
| Change in Inventory | $-852.30K | $-176.40K | $-199.12K | $214.90K | $122.79K | $-73.38K |
| Change in Payables | - | - | - | - | - | $469.90K |
| Operating Cash Flow | $-4.58M | $-4.42M | $-2.60M | $-5.41M | $-1.97M | $-2.66M |
| Capital Expenditure | - | $2.61K | $878.21K | $14.16K | $24.51K | $27.44K |
| Investing Cash Flow | - | $-2.61K | $-878.21K | $-14.16K | $-24.51K | $-9.31K |
| Stock Issued | - | $1.68M | $1.32M | $11.51M | $2.82M | - |
| Dividends Paid | - | - | - | - | - | $2.96K |
| Financing Cash Flow | $2.64M | $2.26M | $924.10K | $11.41M | $3.12M | $2.80M |
| Net Change in Cash | $-1.45M | $-2.21M | $-2.56M | $5.93M | $1.14M | $119.03K |
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 | $1.65M | - | $4.65M | - |
| Cost of Revenue | $1.13M | - | $3.40M | - |
| Gross Profit | $517.28K | - | $1.25M | - |
| Operating Expenses | $731.58K | - | $2.83M | - |
| Research & Development | $25.75K | - | $110.25K | - |
| Selling General & Admin | $705.83K | - | $2.72M | - |
| Operating Income | $-214.30K | - | $-1.58M | - |
| Interest Expense | $11.57K | - | $14.73K | - |
| Interest Income | $5.26K | - | $30.80K | - |
| Other Income/Expense | $-22.00 | - | $32.12K | - |
| Income Before Tax | $-220.64K | - | $-1.55M | - |
| Income Tax Expense | $665.00 | - | $30.44K | - |
| Net Income | $-221.30K | $-598.98K | $-1.58M | - |
| Basic EPS | -0.07 | - | -0.54 | - |
| Diluted EPS | -0.07 | - | -0.54 | - |
| Basic Shares Outstanding | $3.05M | - | $2.90M | - |
| Diluted Shares Outstanding | $3.05M | - | $2.90M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $3.30M | $2.63M |
| Accounts Receivable | $1.32M | $1.28M |
| Inventory | $247.52K | $148.12K |
| Other Current Assets | $340.59K | $435.05K |
| Total Current Assets | $5.48M | $5.03M |
| Property Plant & Equipment | $53.20K | $68.68K |
| Other Non-current Assets | $84.70K | $84.42K |
| Total Assets | $5.78M | $5.18M |
| Short-term Debt | $164.13K | $427.02K |
| Total Current Liabilities | $1.58M | $2.30M |
| Long-term Debt | $306.38K | $376.19K |
| Total Liabilities | $2.01M | $2.67M |
| Common Stock | $45.00 | $28.00 |
| Retained Earnings | $-54.76M | $-53.18M |
| Total Stockholders Equity | $3.77M | $2.51M |
| Total Liabilities & Equity | $5.78M | $5.18M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-221.30K | $-598.98K | $-1.58M | - |
| Depreciation & Amortization | - | - | $16.06K | - |
| Change in Receivables | - | - | $46.45K | - |
| Change in Inventory | - | - | $99.40K | - |
| Operating Cash Flow | - | - | $-1.78M | - |
| Investing Cash Flow | - | - | - | - |
| Stock Issued | - | - | $2.71M | - |
| Financing Cash Flow | - | - | $2.38M | - |
| Net Change in Cash | - | - | $672.98K | - |
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.