$14.82M
Revenue
$-8.61M
Net Income
8.48%
Gross Margin
-59.26%
Op. Margin
$-15.62M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $3.02M | $3.43M | $4.76M | $3.61M | $1.88M | $2.90M | $4.33M | $5.28M | $8.45M | $8.08M | $8.12M | $8.88M | $8.77M | $8.81M |
| Revenue Growth % (YoY) | 60.4% | 18.2% | 9.9% | -31.5% | -77.7% | -64.1% | -46.7% | -40.6% | -3.7% | -8.3% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $2.91M | $3.47M | $4.10M | $3.08M | $2.97M | $3.05M | $4.12M | $5.00M | $6.64M | $5.54M | $5.86M | $5.66M | $7.33M | $5.48M |
| Gross Profit | $111.17K | $-45.23K | $654.05K | $537.11K | $-1.09M | $-145.66K | $202.34K | $277.31K | $1.80M | $2.54M | $2.26M | $3.22M | $1.44M | $3.33M |
| Gross Margin % | 3.7% | -1.3% | 13.8% | 14.9% | -57.6% | -5.0% | 4.7% | 5.3% | 21.4% | 31.4% | 27.8% | 36.3% | 16.4% | 37.8% |
| Operating Expenses | $2.76M | $2.73M | $2.33M | $2.22M | $3.27M | $2.84M | $4.86M | $2.82M | $5.60M | $5.31M | $5.30M | $5.59M | $5.09M | $4.19M |
| Research & Development | - | - | - | - | $2.50K | $89.40K | $344.78K | $149.69K | $513.07K | $63.87K | $261.47K | $702.65K | $261.25K | $283.94K |
| Selling General & Admin | $647.85K | $650.73K | $605.27K | $598.55K | $881.20K | $764.76K | $755.96K | $693.95K | $812.89K | $984.88K | $914.43K | $1.02M | $732.24K | $707.32K |
| Operating Income | $-2.65M | $-2.78M | $-1.68M | $-1.68M | $-4.36M | $-2.99M | $-4.66M | $-2.54M | $-3.79M | $-2.78M | $-3.04M | $-2.37M | $-3.64M | $-856.96K |
| Operating Margin % | -87.7% | -81.0% | -35.2% | -46.5% | -231.4% | -103.0% | -107.7% | -48.2% | -44.9% | -34.4% | -37.5% | -26.7% | -41.6% | -9.7% |
| Interest Expense | $89.97K | $257.78K | $156.81K | $76.43K | $107.28K | $327.88K | $176.19K | $51.98K | $122.00K | $113.52K | $110.39K | $59.90K | $29.11K | $52.88K |
| Other Income/Expense | $62.26K | $21.18K | $21.73K | $68.85K | $214.65K | $-20.68K | $139.88K | $208.01K | $188.15K | $335.41K | $1.14M | $541.06K | $468.41K | $-30.15K |
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | $-2.59M | $-2.76M | $-1.65M | $-1.61M | $-3.90M | $-2.51M | $-2.95M | $-1.69M | $-1.02M | $-2.44M | $-1.90M | $-1.83M | $-3.18M | $-887.11K |
| Net Margin % | -85.6% | -80.4% | -34.8% | -44.6% | -207.1% | -86.6% | -68.1% | -32.0% | -12.0% | -30.3% | -23.4% | -20.6% | -36.2% | -10.1% |
| Basic EPS | nan | -1.23 | -0.87 | -1.08 | nan | -0.26 | -0.31 | -0.18 | nan | -0.20 | -0.14 | nan | nan | nan |
| Diluted EPS | nan | -1.23 | -0.87 | -1.08 | nan | -0.26 | -0.31 | -0.18 | nan | nan | -0.14 | nan | nan | nan |
| Basic Shares Outstanding | - | 2.2M | 1.9M | 1.5M | - | 9.5M | 9.5M | 9.5M | - | 9.5M | 9.5M | - | - | - |
| Diluted Shares Outstanding | - | 2.2M | 1.9M | 1.5M | - | 9.5M | 9.5M | 9.5M | - | - | 9.5M | - | - | - |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.43M | - | - | - | $7.49M | $11.14M | $13.93M | $16.14M | $16.50M | $12.40M | $26.34M | $21.02M | $23.50M | $19.98M |
| Short-term Investments | - | - | - | - | - | - | $995.21K | $982.60K | $4.46M | $11.13M | $999.61K | $1.49M | $1.48M | - |
| Accounts Receivable | - | $312.99K | - | $198.83K | - | $129.54K | $115.79K | $90.87K | $80.16K | $508.51K | $570.13K | $625.33K | $14.17K | $1.61K |
| Inventory | $2.49M | $2.46M | $2.68M | $2.38M | $2.52M | $3.34M | $4.15M | $3.89M | $4.88M | $8.13M | $5.58M | $4.80M | $4.01M | $4.39M |
| Other Current Assets | $227.78K | $251.24K | $200.64K | $194.54K | $196.14K | $548.08K | $185.26K | $417.27K | $463.22K | $550.27K | $454.75K | $618.58K | $882.42K | $1.50M |
| Total Current Assets | $4.90M | $10.05M | $13.39M | $12.20M | $10.42M | $15.38M | $19.58M | $21.78M | $26.65M | $32.72M | $33.94M | $28.56M | $29.89M | $26.25M |
| Property Plant & Equipment | $8.34M | $8.72M | $8.74M | $11.03M | $15.04M | $14.22M | $13.51M | $13.89M | $12.29M | $10.05M | $9.56M | $6.15M | $5.54M | $4.77M |
| Long-term Investments | - | - | - | - | - | - | - | - | - | $476.60K | $947.79K | $942.74K | $1.45M | $2.91M |
| Total Assets | $16.23M | $18.89M | $22.36M | $23.55M | $25.89M | $30.14M | $33.75M | $36.45M | $39.85M | $44.28M | $45.58M | $36.90M | $38.23M | $35.22M |
| Accounts Payable | $1.11M | $1.41M | $2.03M | $1.51M | $2.22M | $1.96M | $2.78M | $1.49M | $2.40M | $3.63M | $2.47M | $2.72M | $2.07M | $1.93M |
| Accrued Liabilities | $714.25K | $599.04K | $926.61K | $951.75K | $794.25K | $1.20M | $1.11M | $697.80K | $1.08M | $965.51K | $1.19M | $629.22K | $1.24M | $538.31K |
| Deferred Revenue | $395.93K | $297.89K | $12.50K | $12.50K | $80.00K | $38.17K | $6.17K | $21.45K | $44.20K | $14.26K | $182.34K | $5.80K | $5.30K | $1.03M |
| Total Current Liabilities | $2.24M | $2.44M | $3.20M | $3.02M | $3.75M | $3.84M | $4.56M | $2.90M | $4.22M | $5.33M | $4.51M | $3.85M | $3.79M | $4.00M |
| Long-term Debt | $499.90K | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $2.77M | $2.96M | $3.73M | $5.89M | $6.67M | $6.93M | $7.81M | $6.31M | $7.80M | $9.07M | $8.39M | $5.22M | $5.21M | $5.44M |
| Common Stock | $2.24K | $2.24K | $2.24K | $1.49K | $14.87K | $9.52K | $9.52K | $9.52K | $9.52K | $9.52K | $9.52K | $9.52K | $9.52K | $7.02K |
| Retained Earnings | $-34.00M | $-31.41M | $-28.66M | $-27.00M | $-25.39M | $-21.49M | $-18.98M | $-16.03M | $-14.35M | $-11.52M | $-9.66M | $-8.32M | $-7.15M | $-4.45M |
| Total Stockholders Equity | $13.47M | $15.93M | $18.62M | $17.66M | $19.22M | $17.39M | $19.62M | $22.25M | $23.51M | $25.87M | $27.27M | $27.75M | $28.44M | $29.78M |
| Total Liabilities & Equity | $16.23M | $18.89M | $22.36M | $23.55M | $25.89M | $30.14M | $33.75M | $36.45M | $39.85M | $44.28M | $45.58M | $36.90M | $38.23M | $35.22M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-2.59M | $-2.76M | $-1.65M | $-1.61M | $-3.90M | $-2.51M | $-4.63M | $-1.69M | $-1.02M | $-2.44M | $-1.90M | $-1.83M | $-3.18M | $-2.62M |
| Depreciation & Amortization | $447.18K | $419.82K | $425.55K | $441.67K | $444.52K | $440.46K | $434.96K | $425.28K | $508.72K | $844.66K | $502.84K | $218.28K | $181.24K | $372.51K |
| Stock-based Compensation | $123.64K | $179.49K | $115.60K | $55.97K | $154.25K | $1.02M | $744.03K | $426.28K | $465.86K | $1.44M | $972.33K | $482.96K | $634.42K | $814.33K |
| Change in Receivables | - | $312.99K | - | $198.83K | $-129.54K | $49.38K | $35.63K | $10.71K | $-428.35K | $494.34K | $555.97K | $611.16K | $12.56K | $-3.53K |
| Change in Inventory | $53.43K | $13.24K | $192.94K | $-114.93K | $-819.23K | $-1.88M | $-448.18K | $-881.53K | $-2.83M | $4.13M | $1.57M | $788.46K | $-384.91K | $2.59M |
| Change in Payables | $-295.24K | $-805.01K | $-189.92K | $-709.52K | $257.18K | $-441.12K | $380.79K | $-904.76K | $-1.23M | $1.57M | $399.72K | $650.44K | $138.02K | $726.79K |
| Operating Cash Flow | $-1.75M | $-5.13M | $-2.48M | $-1.74M | $-2.33M | $-4.64M | $-2.23M | $-1.75M | $-4.64K | $-6.93M | $-3.43M | $-2.23M | $-1.56M | $-2.58M |
| Capital Expenditure | $140.27K | $2.02M | $1.54M | $828.86K | $1.30M | $5.04M | $3.72M | $1.99M | $2.75M | $2.41M | $1.62M | $744.01K | $971.51K | $2.39M |
| Investing Cash Flow | $359.73K | $-1.95M | $-1.50M | $-789.77K | $-1.29M | $-567.89K | $-247.85K | $1.48M | $4.43M | $-11.06M | $-655.67K | $-243.01K | $-884.03K | $688.42K |
| Stock Issued | - | $2.56M | $2.56M | - | - | - | - | - | - | $7.00M | - | - | $-9.23M | $15.23M |
| Financing Cash Flow | $115.87K | $2.29M | $2.45M | $-54.81K | $-23.18K | $-190.56K | $-137.03K | $-83.73K | $-74.32K | $6.89M | $6.92M | $-2.83K | $5.97M | $14.90M |
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 | $3.43M | - | $11.80M | - |
| Cost of Revenue | $3.47M | - | $10.65M | - |
| Gross Profit | $-45.23K | - | $1.15M | - |
| Operating Expenses | $2.73M | - | $7.28M | - |
| Research & Development | - | - | - | - |
| Selling General & Admin | $650.73K | - | $1.85M | - |
| Operating Income | $-2.78M | - | $-6.13M | - |
| Interest Expense | $12.58K | - | $257.78K | - |
| Other Income/Expense | $21.18K | - | $111.77K | - |
| Income Tax Expense | - | - | - | - |
| Net Income | $-2.76M | $-4.52M | $-6.02M | - |
| Basic EPS | -1.23 | - | -3.21 | - |
| Diluted EPS | -1.23 | - | -3.21 | - |
| Basic Shares Outstanding | $2.24M | - | $1.88M | - |
| Diluted Shares Outstanding | $2.24M | - | $1.88M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Accounts Receivable | $312.99K | - |
| Inventory | $2.46M | $2.52M |
| Other Current Assets | $251.24K | $196.14K |
| Total Current Assets | $10.05M | $10.42M |
| Property Plant & Equipment | $8.72M | $15.04M |
| Total Assets | $18.89M | $25.89M |
| Accounts Payable | $1.41M | $2.22M |
| Accrued Liabilities | $599.04K | $794.25K |
| Deferred Revenue | $297.89K | $80.00K |
| Total Current Liabilities | $2.44M | $3.75M |
| Total Liabilities | $2.96M | $6.67M |
| Common Stock | $2.24K | $1.49K |
| Retained Earnings | $-31.41M | $-25.39M |
| Total Stockholders Equity | $15.93M | $19.22M |
| Total Liabilities & Equity | $18.89M | $25.89M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.76M | $-4.52M | $-6.02M | - |
| Depreciation & Amortization | $419.82K | - | $1.29M | - |
| Stock-based Compensation | - | - | $179.49K | - |
| Change in Receivables | - | - | $312.99K | - |
| Change in Inventory | - | - | $13.24K | - |
| Change in Payables | - | - | $-805.01K | - |
| Operating Cash Flow | - | - | $-5.13M | - |
| Capital Expenditure | - | - | $2.02M | - |
| Investing Cash Flow | - | - | $-1.95M | - |
| Stock Issued | - | - | $2.56M | - |
| Financing Cash Flow | - | - | $2.29M | - |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.