$11.43M
Revenue
$-7.47M
Net Income
66.79%
Gross Margin
-69.16%
Op. Margin
$-9.37M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | $11.43M | $11.43M | $9.90M | $9.93M | $11.92M | $10.02M |
| Revenue Growth % | -0.0% | 15.4% | -0.3% | -16.7% | 18.9% | nan% |
| Cost of Revenue | $3.79M | $3.79M | $3.29M | $3.27M | $4.69M | $4.34M |
| Gross Profit | $7.63M | $7.63M | $6.62M | $6.66M | $7.23M | $5.68M |
| Gross Margin % | 66.8% | 66.8% | 66.8% | 67.1% | 60.7% | 56.7% |
| Operating Expenses | $15.53M | $15.53M | $14.29M | $21.99M | $14.14M | $13.23M |
| Research & Development | $617.37K | $617.37K | $558.62K | $982.68K | $1.24M | $765.66K |
| Operating Income | $-7.90M | $-7.90M | $-7.67M | $-15.33M | $-6.91M | $-7.55M |
| Operating Margin % | -69.2% | -69.1% | -77.5% | -154.4% | -58.0% | -75.3% |
| Interest Expense | - | - | - | - | - | $1.42M |
| Interest Income | $397.66K | $397.66K | $160.66K | $221.87K | $119.48K | - |
| Other Income/Expense | $51.85K | $49.06K | $-1.48M | $246.14K | $119.48K | $-3.96M |
| Income Before Tax | $-7.45M | $-7.45M | $-8.99M | $-14.86M | $-6.79M | $-11.50M |
| Income Tax Expense | - | $14.85K | $9.95K | $-309.85K | $137.96K | $204.27K |
| Net Income | $-7.47M | $-7.47M | $-9.00M | $-14.55M | $-6.92M | $-11.71M |
| Net Margin % | -65.4% | -65.4% | -90.9% | -146.5% | -58.1% | -116.8% |
| Basic EPS | nan | -13.06 | -14.65 | -291.52 | -0.76 | -2.23 |
| Diluted EPS | nan | -13.06 | -14.65 | -291.52 | -0.76 | -2.23 |
| Basic Shares Outstanding | - | 595K | 635K | 54K | 9.6M | 6.3M |
| Diluted Shares Outstanding | - | 595K | 635K | 54K | 9.6M | 6.3M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $3.57M | $3.81M | $6.40M | $6.98M | $12.04M |
| Short-term Investments | $5.90M | - | - | - | - |
| Accounts Receivable | $5.81K | $4.36K | $13.65K | $402.60K | $98.75K |
| Inventory | $1.40M | $1.05M | $1.18M | $1.75M | $1.24M |
| Other Current Assets | $681.26K | $476.67K | $460.18K | $349.10K | $849.19K |
| Total Current Assets | $11.60M | $5.34M | $8.05M | $9.53M | $14.44M |
| Property Plant & Equipment | $113.93K | $112.61K | $203.33K | $255.58K | - |
| Goodwill | $3.14M | $3.14M | $3.14M | $10.96M | $10.96M |
| Total Assets | $20.31M | $14.22M | $17.02M | $25.64M | $30.12M |
| Accounts Payable | $563.99K | $750.34K | $901.62K | $673.05K | $492.43K |
| Accrued Liabilities | $1.13M | $1.05M | $1.15M | $1.74M | $849.28K |
| Deferred Revenue | $239.92K | $225.19K | - | - | - |
| Total Current Liabilities | $1.93M | $2.03M | $2.05M | $2.41M | $1.34M |
| Other Non-current Liabilities | $282.90K | - | $51.84K | - | - |
| Total Liabilities | $2.22M | $2.03M | $2.10M | $2.85M | $1.73M |
| Common Stock | $91.00 | $240.00 | $8.00 | $961.00 | $917.00 |
| Retained Earnings | $-116.63M | $-109.16M | $-100.16M | $-85.61M | $-78.66M |
| Total Stockholders Equity | $16.28M | $10.39M | $13.11M | $20.98M | $26.59M |
| Total Liabilities & Equity | $20.31M | $14.22M | $17.02M | $25.64M | $30.12M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $-9.66M | $-7.47M | $-9.00M | $-14.55M | $-6.92M | $-11.71M |
| Depreciation & Amortization | $2.04M | $2.04M | $1.61M | $944.60K | $828.14K | $791.02K |
| Stock-based Compensation | $2.53M | $1.25M | $1.64M | $1.58M | $1.64M | $936.96K |
| Deferred Income Tax | - | - | - | $-320.10K | $124.47K | $195.58K |
| Change in Receivables | $376.50K | $1.46K | $-9.29K | $-388.95K | $303.85K | $-34.97K |
| Change in Inventory | $-266.86K | $351.34K | $-128.49K | $-567.75K | $507.93K | $469.93K |
| Change in Payables | $-1.00M | $-344.88K | $-276.62K | $22.19K | $180.62K | $-2.26M |
| Operating Cash Flow | $-9.37M | $-5.06M | $-4.25M | $-4.32M | $-3.61M | $-5.91M |
| Capital Expenditure | - | $71.25K | $25.57K | $53.43K | $282.47K | - |
| Purchases of Investments | $24.40M | $10.46M | - | - | - | - |
| Investing Cash Flow | $-22.08M | $-7.30M | $-1.46M | $-1.37M | $-1.31M | - |
| Debt Repayment | - | - | - | - | - | $11.10M |
| Stock Issued | $43.13M | $14.38M | $4.49M | $5.21M | - | $11.83M |
| Financing Cash Flow | $37.60M | $12.12M | $3.12M | $5.05M | $-300.00K | $13.63M |
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 | $2.92M | $2.71M | $8.36M | $7.65M |
| Cost of Revenue | $996.01K | $903.83K | $2.87M | $2.53M |
| Gross Profit | $1.92M | $1.80M | $5.49M | $5.12M |
| Operating Expenses | $3.66M | $3.40M | $11.72M | $10.60M |
| Research & Development | $161.44K | $96.65K | $455.05K | $404.11K |
| Operating Income | $-1.74M | $-1.60M | $-6.23M | $-5.48M |
| Interest Income | $138.93K | $41.11K | $317.79K | $134.29K |
| Other Income/Expense | $-28.07K | $39.64K | $43.16K | $39.64K |
| Income Before Tax | $-1.63M | $-1.52M | $-5.87M | $-5.30M |
| Income Tax Expense | - | - | - | - |
| Net Income | $-1.63M | $-1.52M | $-5.87M | $-5.30M |
| Basic EPS | -2.21 | -3732.56 | -11.98 | -25132.66 |
| Diluted EPS | -2.21 | -3732.56 | -11.98 | -25132.66 |
| Basic Shares Outstanding | $768.41K | $427.00 | $508.56K | $220.00 |
| Diluted Shares Outstanding | $768.41K | $427.00 | $508.56K | $220.00 |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Accounts Receivable | $8.26K | $4.36K |
| Inventory | $1.05M | $1.05M |
| Other Current Assets | $778.59K | $476.67K |
| Total Current Assets | $13.52M | $5.34M |
| Property Plant & Equipment | $67.16K | $112.61K |
| Goodwill | $3.14M | $3.14M |
| Total Assets | $22.37M | $14.22M |
| Accounts Payable | $657.75K | $750.34K |
| Accrued Liabilities | $1.25M | $1.05M |
| Deferred Revenue | $501.57K | $225.19K |
| Total Current Liabilities | $2.41M | $2.03M |
| Other Non-current Liabilities | $323.43K | - |
| Total Liabilities | $2.73M | $2.03M |
| Common Stock | $77.00 | - |
| Retained Earnings | $-115.03M | $-109.16M |
| Total Stockholders Equity | $17.83M | $10.39M |
| Total Liabilities & Equity | $22.37M | $14.22M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.63M | $-1.52M | $-5.87M | $-5.30M |
| Depreciation & Amortization | $504.95K | $402.82K | $1.50M | $1.13M |
| Stock-based Compensation | - | - | $973.80K | $1.24M |
| Change in Receivables | - | - | $3.91K | $102.89K |
| Change in Inventory | - | - | $170.00 | $-358.74K |
| Change in Payables | - | - | $-215.03K | $-644.09K |
| Operating Cash Flow | - | - | $-3.42M | $-3.26M |
| Capital Expenditure | - | - | $22.37K | $23.20K |
| Purchases of Investments | - | - | $9.84M | - |
| Investing Cash Flow | - | - | $-8.61M | $-1.05M |
| Stock Issued | - | - | $14.38M | $4.49M |
| Financing Cash Flow | - | - | $12.34M | $3.50M |
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.