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-
Revenue
$-3.38M
Net Income
-
Gross Margin
-
Op. Margin
$-950.01K
Free Cash Flow
Financial Statements Annual (10-K)
Showing 5 of 9 annual reports available (2012 - 2024)
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 2017
(Dec 31, 2017)
+ Total Revenue - - - - - $134.32K
Revenue Growth % nan% nan% nan% nan% nan% nan%
+ Gross Profit - - - - - $134.32K
Gross Margin % nan% nan% nan% nan% nan% 100.0%
Operating Expenses $4.39M $4.06M $3.19M $3.93M $2.17M $5.05M
Research & Development $2.33M $2.33M $1.85M $2.35M $1.10M $736.75K
+ Operating Income $-4.39M $-4.06M $-3.19M $-3.93M $-2.17M $-4.91M
Operating Margin % nan% nan% nan% nan% nan% -3658.4%
Interest Expense - - - - - $65.36K
Other Income/Expense $174.97K $2.64M $135.72K $-27.91K $32.56K $-5.35M
+ Net Income $-3.38M $-1.42M $-3.06M $-3.96M $-2.14M $-10.26M
Net Margin % nan% nan% nan% nan% nan% -7640.3%
Basic EPS -0.01 -0.01 -0.01 -0.01 -0.01 nan
Diluted EPS -0.01 -0.01 -0.01 nan nan nan
Basic Shares Outstanding 312.2M 303.9M 300.0M 278.8M 269.6M -
Diluted Shares Outstanding 312.2M 303.9M 300.0M - - -
Breakdown FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2017
(Dec 31, 2017)
Cash & Cash Equivalents $48.80K $41.01K $211.90K $1.16M $55.08K
Total Current Assets $81.29K $76.76K $255.02K $1.21M $484.32K
Property Plant & Equipment $539.65K $587.31K $420.12K $377.64K $177.30K
Total Assets $1.39M $1.03M $1.11M $1.84M $4.59M
Accounts Payable - - $37.13K $11.06K -
Total Current Liabilities $2.21M $1.50M $638.72K $496.16K -
Total Liabilities $4.24M $4.59M $3.46M $3.23M $3.81M
Common Stock $307.96K $302.75K $289.94K $274.00K $97.54K
Retained Earnings $-57.26M $-55.84M $-52.78M $-48.82M $-36.08M
Total Stockholders Equity $-2.85M $-3.56M $-2.36M $-1.40M $780.26K
Total Liabilities & Equity $1.39M $1.03M $1.11M $1.84M $4.59M
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 2017
(Dec 31, 2017)
Net Income $-3.62M $-1.42M $-3.06M $-3.96M $-2.14M $-10.26M
Depreciation & Amortization $283.05K $118.80K $216.78K $138.46K $131.72K $85.46K
Change in Payables - $200.63K $-12.20K - - -
Operating Cash Flow $-950.01K $-1.00M $-1.60M $-2.04M $-2.47M $-1.84M
Capital Expenditure - $71.14K $287.83K $138.17K $216.39K $8.00K
Investing Cash Flow $-560.65K $-115.79K $-320.50K $-205.52K $-233.13K $-167.13K
Debt Repayment - - $50.00K - - -
Stock Issued - $197.00K $1.00M $1.17M $2.26M $1.01M
Financing Cash Flow $1.37M $1.13M $1.75M $1.29M $3.58M $2.02M
Net Change in Cash $-136.16K $7.79K $-170.89K $-952.76K $878.09K $5.40K
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 - - - -
Operating Expenses $836.25K - $2.43M -
Research & Development $485.68K - $1.31M -
Operating Income $-836.25K - $-2.43M -
Other Income/Expense $5.00 - $7.00 -
Income Tax Expense - - - -
Net Income $-422.55K $-548.82K $-1.59M -
Basic EPS -0.00 - -0.01 -
Diluted EPS -0.00 - -0.01 -
Basic Shares Outstanding $312.17M - $310.84M -
Diluted Shares Outstanding $312.17M - $310.84M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $95.19K $48.80K
Total Current Assets $106.64K $81.29K
Property Plant & Equipment $585.41K $539.65K
Total Assets $1.49M $1.39M
Total Current Liabilities $2.39M $2.21M
Total Liabilities $4.54M $4.24M
Common Stock $314.72K $307.96K
Retained Earnings $-58.84M $-57.26M
Total Stockholders Equity $-3.06M $-2.85M
Total Liabilities & Equity $1.49M $1.39M
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $-422.55K $-548.82K $-1.59M -
Depreciation & Amortization - - $127.44K -
Change in Payables - - $-49.37K -
Operating Cash Flow - - $-452.69K -
Capital Expenditure - - $68.90K -
Investing Cash Flow - - $-127.16K -
Stock Issued - - $435.00K -
Financing Cash Flow - - $626.25K -
Net Change in Cash - - $46.40K -

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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