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-
Revenue
$-4.31M
Net Income
-
Gross Margin
-
Op. Margin
$-7.49M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 10 of 14 annual reports available (2011 - 2024)
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Sep 30, 2023)
FY 2022
(Sep 30, 2022)
FY 2021
(Sep 30, 2021)
FY 2020
(Sep 30, 2020)
FY 2019
(Sep 30, 2019)
FY 2018
(Sep 30, 2018)
FY 2017
(Sep 30, 2017)
FY 2016
(Sep 30, 2016)
FY 2015
(Sep 30, 2015)
+ Total Revenue - $24.90K $49.00K $60.00K $72.50K $79.50K $90.29K $56.00K $67.50K $40.80K $45.43K
Revenue Growth % nan% -49.2% -18.3% -17.2% -8.8% -12.0% 61.2% -17.0% 65.4% -10.2% nan%
Cost of Revenue - $15.34K - - - - - - - - -
+ Gross Profit - $9.55K - - - - - - - - -
Gross Margin % nan% 38.4% nan% nan% nan% nan% nan% nan% nan% nan% nan%
Operating Expenses $4.30M $1.01M $162.25K $55.50K $73.73K $62.99K $62.61K $70.75K $79.38K $95.15K $94.50K
Research & Development - $44.31K - - - $625.00 $620.00 $1.45K $550.00 - -
+ Operating Income $-4.23M $-1.00M $-113.25K $4.50K $-1.23K $16.51K $27.68K $-14.75K $-11.88K $-54.35K $-49.06K
Operating Margin % nan% -4021.1% -231.1% 7.5% -1.7% 20.8% 30.7% -26.3% -17.6% -133.2% -108.0%
Interest Expense - - $2.85K $3.74K $3.71K $3.71K $4.37K - - $-3.30K $-1.39K
Other Income/Expense - - $-2.85K $-3.74K $-3.71K $-3.71K $-4.37K $-4.52K $-16.12K $-16.83K $1.39K
Income Before Tax $-4.27M $-1.00M - - - - - - - - -
+ Net Income $-4.31M $-1.00M $-116.11K $758.00 $-4.94K $12.80K $23.31K $-19.27K $4.23K $-37.52K $-50.46K
Net Margin % nan% -4021.1% -237.0% 1.3% -6.8% 16.1% 25.8% -34.4% 6.3% -92.0% -111.1%
Basic EPS -0.04 -0.01 0.00 0.00 0.00 nan 0.00 0.00 nan nan nan
Diluted EPS -0.04 -0.01 0.00 0.00 nan nan 0.00 0.00 nan nan nan
Basic Shares Outstanding 154.9M 154.3M 28.6M 26.9M 26.9M - - - - - -
Diluted Shares Outstanding 154.9M 154.3M 28.6M 26.9M - - - - - - -
Breakdown FY 2024
(Dec 31, 2024)
FY 2023
(Sep 30, 2023)
FY 2022
(Sep 30, 2022)
FY 2021
(Sep 30, 2021)
FY 2020
(Sep 30, 2020)
FY 2019
(Sep 30, 2019)
FY 2018
(Sep 30, 2018)
FY 2017
(Sep 30, 2017)
FY 2016
(Sep 30, 2016)
FY 2015
(Sep 30, 2015)
Cash & Cash Equivalents $9.93K $2.00 $5.81K $1.16K $9.38K $8.38K $4.81K $4.56K $422.00 $857.00
Accounts Receivable $29.13K - $5.00K - - - $2.50K $10.00K - -
Total Current Assets $39.06K $1.10K $15.89K $11.16K $14.38K $8.38K $7.31K $14.56K $422.00 $857.00
Total Assets $39.06K $1.10K $16.47K $11.73K $14.96K $8.95K $7.89K $15.14K $422.00 $857.00
Accounts Payable $299.92K $29.08K - - - - - - - -
Accrued Liabilities $30.92K - - - - - - - - -
Total Current Liabilities $338.95K $29.08K $102.63K $98.65K $96.94K $103.74K $125.99K $113.96K $103.48K $66.39K
Total Liabilities $338.95K $29.08K $102.63K $98.65K $96.94K $103.74K $125.99K $113.96K $103.48K $66.39K
Common Stock $154.35K $28.58K $26.92K $26.92K $26.92K $26.92K $26.92K $26.92K $26.92K $26.92K
Retained Earnings $-3.05M $-1.53M $-1.41M $-1.41M $-1.41M $-1.42M $-1.44M $-1.42M $-1.43M $-1.39M
Total Stockholders Equity $-299.89K $-27.98K $-86.16K $-86.92K $-81.98K $-94.78K $-118.10K $-98.82K $-103.06K $-65.54K
Total Liabilities & Equity $39.06K $1.10K $16.47K $11.73K $14.96K $8.95K $7.89K $15.14K $422.00 $857.00
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Sep 30, 2023)
FY 2022
(Sep 30, 2022)
FY 2021
(Sep 30, 2021)
FY 2020
(Sep 30, 2020)
FY 2019
(Sep 30, 2019)
FY 2018
(Sep 30, 2018)
FY 2017
(Sep 30, 2017)
FY 2016
(Sep 30, 2016)
FY 2015
(Sep 30, 2015)
Net Income $-5.57M $-1.00M $-116.11K $758.00 $-4.94K $12.80K $23.31K $-19.27K $4.23K $-37.52K $-50.46K
Stock-based Compensation - - $68.80K - - - - - - - -
Change in Receivables - $29.13K - - - - $-2.50K $-7.50K $10.00K - -
Change in Payables - - $29.08K - - - - - - - -
Operating Cash Flow $-7.49M $-927.37K $-5.81K $2.04K $-8.23K $-491.00 $26.85K $-7.75K $-7.36K $-50.33K $-64.38K
Financing Cash Flow $7.85M $753.33K - $2.62K - $1.50K $-23.29K $8.00K $11.50K $49.89K $63.90K
Net Change in Cash $204.90K $-174.03K $-5.81K $4.66K $-8.23K $1.01K $3.56K $252.00 - - -
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 - - $120.03K -
Cost of Revenue - - $65.00K -
Gross Profit - - $55.04K -
Operating Expenses $1.65M - $4.03M -
Research & Development $1.09M - $2.22M -
Operating Income $-1.65M - $-3.97M -
Other Income/Expense $-13.30K - $-37.26K -
Income Before Tax $-1.66M - $-4.01M -
Income Tax Expense $7.51K - $37.42K -
Net Income $-1.67M $-273.85K $-4.05M -
Basic EPS -0.01 - -0.03 -
Diluted EPS -0.01 - -0.03 -
Basic Shares Outstanding $154.90M - $154.84M -
Diluted Shares Outstanding $154.90M - $154.84M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $112.00K $9.93K
Accounts Receivable - $29.13K
Other Current Assets $820.78K -
Total Current Assets $932.79K $39.06K
Property Plant & Equipment $72.46K -
Total Assets $1.01M $39.06K
Accrued Liabilities $128.03K $39.03K
Total Current Liabilities $4.25M $338.95K
Total Liabilities $4.25M $338.95K
Common Stock $154.90K $154.35K
Retained Earnings $-7.10M $-3.05M
Total Stockholders Equity $-3.25M $-299.89K
Total Liabilities & Equity $1.01M $39.06K
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $-1.67M $-273.85K $-4.05M -
Depreciation & Amortization - - $2.73K -
Change in Receivables - - $-29.13K -
Operating Cash Flow - - $-4.67M -
Capital Expenditure - - $75.19K -
Investing Cash Flow - - $-75.19K -
Stock Issued - - $1.10M -
Financing Cash Flow - - $4.85M -
Net Change in Cash - - $102.08K -

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.

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