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-
Revenue
$-3.38M
Net Income
-
Gross Margin
-
Op. Margin
$-950.01K
Free Cash Flow
Financial Statements Annual (10-K)
Showing 9 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)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
+ Total Revenue - - - - - $134.32K - - - -
Revenue Growth % nan% nan% nan% nan% nan% nan% nan% nan% nan% -
+ Gross Profit - - - - - $134.32K - - - -
Gross Margin % nan% nan% nan% nan% nan% 100.0% nan% nan% nan% -
Operating Expenses $4.39M $4.06M $3.19M $3.93M $2.17M $5.05M $4.30M $5.33M $2.29M -
Research & Development $2.33M $2.33M $1.85M $2.35M $1.10M $736.75K $698.79K - - -
+ Operating Income $-4.39M $-4.06M $-3.19M $-3.93M $-2.17M $-4.91M $-4.30M $-5.33M $-2.29M -
Operating Margin % nan% nan% nan% nan% nan% -3658.4% nan% nan% nan% -
Interest Expense - - - - - $65.36K $512.05K $59.53K $-12.03K -
Other Income/Expense $174.97K $2.64M $135.72K $-27.91K $32.56K $-5.35M $-5.18M $-495.61K - -
+ Net Income $-3.38M $-1.42M $-3.06M $-3.96M $-2.14M $-10.26M $-8.32M $-5.16M $-2.30M -
Net Margin % nan% nan% nan% nan% nan% -7640.3% nan% nan% nan% -
Basic EPS -0.01 -0.01 -0.01 -0.01 -0.01 nan nan nan nan -
Diluted EPS -0.01 -0.01 -0.01 nan nan nan 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)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
Cash & Cash Equivalents $48.80K $41.01K $211.90K $1.16M $55.08K $49.68K $62.05K $60.41K $4.00
Total Current Assets $81.29K $76.76K $255.02K $1.21M $484.32K $730.49K $860.07K $1.60M $30.00K
Property Plant & Equipment $539.65K $587.31K $420.12K $377.64K $177.30K $254.76K $310.58K $51.27K -
Total Assets $1.39M $1.03M $1.11M $1.84M $4.59M $9.02M $8.82M $10.05M $30.00K
Accounts Payable - - $37.13K $11.06K - - - - -
Accrued Liabilities - - - - - - - - $3.70K
Total Current Liabilities $2.21M $1.50M $638.72K $496.16K - $3.68M $3.88M - -
Long-term Debt - - - - - - $1.25M - -
Total Liabilities $4.24M $4.59M $3.46M $3.23M $3.81M $3.68M $5.13M $3.51M $85.17K
Common Stock $307.96K $302.75K $289.94K $274.00K $97.54K $71.71K $41.08K $32.84K $19.39K
Retained Earnings $-57.26M $-55.84M $-52.78M $-48.82M $-36.08M $-25.82M $-17.05M - -
Total Stockholders Equity $-2.85M $-3.56M $-2.36M $-1.40M $780.26K $5.34M $4.14M $6.54M $-55.16K
Total Liabilities & Equity $1.39M $1.03M $1.11M $1.84M $4.59M $9.02M $8.82M $10.05M $30.00K
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)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
Net Income $-3.62M $-1.42M $-3.06M $-3.96M $-2.14M $-10.26M $-8.32M $-5.16M $-2.30M -
Depreciation & Amortization $283.05K $118.80K $216.78K $138.46K $131.72K $85.46K $73.85K $233.76K $5.90K -
Stock-based Compensation - - - - - - - $240.00K - -
Change in Payables - $200.63K $-12.20K - - - - - - -
Operating Cash Flow $-950.01K $-1.00M $-1.60M $-2.04M $-2.47M $-1.84M $-2.24M $-1.77M $-413.77K -
Capital Expenditure - $71.14K $287.83K $138.17K $216.39K $8.00K $18.04K $214.22K $57.17K -
Investing Cash Flow $-560.65K $-115.79K $-320.50K $-205.52K $-233.13K $-167.13K $-205.57K $-543.87K $-775.17K -
Debt Repayment - - $50.00K - - - - - - -
Stock Issued - $197.00K $1.00M $1.17M $2.26M $1.01M $3.08M $1.16M $155.00K -
Financing Cash Flow $1.37M $1.13M $1.75M $1.29M $3.58M $2.02M $2.44M $2.17M $421.80K -
Net Change in Cash $-136.16K $7.79K $-170.89K $-952.76K $878.09K $5.40K $-12.37K $-143.91K $60.41K -
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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