$694.28K
Revenue
$-3.78M
Net Income
-
Gross Margin
-660.91%
Op. Margin
$-7.20M
Free Cash Flow
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
|---|---|---|---|---|
| Total Revenue | $694.28K | $4.03K | $256.00 | - |
| Revenue Growth % | 17140.6% | 1473.0% | nan% | nan% |
| Operating Expenses | $5.28M | $3.71M | $4.02M | $1.42M |
| Research & Development | $1.05M | $996.49K | $915.82K | $824.52K |
| Operating Income | $-4.59M | $-3.70M | $-4.02M | $-1.42M |
| Operating Margin % | -660.9% | -91969.3% | -1568470.7% | nan% |
| Other Income/Expense | $552.54K | $279.32K | $67.19K | $2.92K |
| Net Income | $-3.78M | $-3.42M | $-3.95M | $-1.42M |
| Net Margin % | -543.7% | -84882.0% | -1542225.4% | nan% |
| Basic EPS | -0.39 | -1.92 | -3.90 | -0.14 |
| Diluted EPS | -0.39 | -1.92 | -3.90 | -0.14 |
| Basic Shares Outstanding | 7.1M | 1.8M | 988K | 10.4M |
| Diluted Shares Outstanding | 7.1M | 1.8M | 988K | 10.4M |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
|---|---|---|---|
| Cash & Cash Equivalents | $14.40M | $1.02M | $679.78K |
| Short-term Investments | - | $2.59M | - |
| Accounts Receivable | - | $8.00 | - |
| Other Current Assets | $63.61K | $25.13K | $400.00 |
| Total Current Assets | $16.83M | $3.64M | $882.78K |
| Property Plant & Equipment | $70.37K | $52.61K | - |
| Intangible Assets | $125.00K | - | $58.65K |
| Total Assets | $17.02M | $3.70M | $941.43K |
| Accounts Payable | $338.79K | $215.88K | $245.01K |
| Accrued Liabilities | $61.59K | $54.15K | $10.68K |
| Deferred Revenue | $1.13K | - | - |
| Total Current Liabilities | $401.51K | $270.04K | $255.69K |
| Total Liabilities | $401.51K | $270.04K | $255.69K |
| Common Stock | $692.00 | $99.00 | $1.04K |
| Retained Earnings | $-8.80M | $-5.38M | $-1.43M |
| Total Stockholders Equity | $16.63M | $3.43M | $685.73K |
| Total Liabilities & Equity | $17.02M | $3.70M | $941.43K |
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
|---|---|---|---|---|
| Net Income | $-3.78M | $-3.42M | $-3.95M | $-1.42M |
| Stock-based Compensation | $228.36K | $119.44K | $936.35K | - |
| Change in Receivables | $59.11K | $-8.00 | $8.00 | - |
| Change in Payables | $-220.97K | $122.91K | $-29.93K | $148.76K |
| Operating Cash Flow | $-7.20M | $-3.28M | $-2.98M | $-1.26M |
| Purchases of Investments | - | $200.00K | - | - |
| Investing Cash Flow | $-32.33M | $67.73K | $-2.53M | $-62.84K |
| Stock Issued | - | $8.21M | $5.96M | - |
| Stock Repurchased | - | - | $99.74K | - |
| Financing Cash Flow | - | $16.59M | $5.86M | $-75.10K |
| Net Change in Cash | - | - | - | $-1.40M |
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 | $498.27K | - | $692.97K | - |
| Operating Expenses | $1.81M | - | $4.38M | - |
| Research & Development | $274.02K | - | $738.03K | - |
| Operating Income | $-1.31M | - | $-3.69M | - |
| Interest Expense | - | - | - | - |
| Interest Income | $156.03K | - | $451.12K | - |
| Other Income/Expense | $173.88K | - | $491.64K | - |
| Net Income | $-1.00M | $-809.24K | $-2.94M | - |
| Basic EPS | -0.14 | - | -0.42 | - |
| Diluted EPS | -0.14 | - | -0.42 | - |
| Basic Shares Outstanding | $7.12M | - | $7.08M | - |
| Diluted Shares Outstanding | $7.12M | - | $7.08M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $914.18K | $14.40M |
| Accounts Receivable | $44.87K | - |
| Other Current Assets | $193.28K | $63.61K |
| Total Current Assets | $13.42M | $16.83M |
| Property Plant & Equipment | $102.04K | $70.37K |
| Intangible Assets | $763.23K | $125.00K |
| Total Assets | $14.29M | $17.02M |
| Accounts Payable | $213.51K | $338.79K |
| Accrued Liabilities | $211.41K | $61.59K |
| Deferred Revenue | $26.96K | $1.13K |
| Total Current Liabilities | $451.87K | $401.51K |
| Total Liabilities | $451.87K | $401.51K |
| Common Stock | $712.00 | $692.00 |
| Retained Earnings | $-11.74M | $-8.80M |
| Total Stockholders Equity | $14.10M | $16.63M |
| Total Liabilities & Equity | $14.29M | $17.02M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.00M | $-809.24K | $-2.94M | - |
| Stock-based Compensation | - | - | $96.87K | - |
| Change in Receivables | - | - | $44.87K | - |
| Change in Payables | - | - | $-125.28K | - |
| Operating Cash Flow | - | - | $-3.12M | - |
| Investing Cash Flow | - | - | $-10.36M | - |
| Stock Issued | - | - | - | - |
| Financing Cash Flow | - | - | - | - |
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.