$11.06M
Revenue
$-22.01M
Net Income
-
Gross Margin
-123.75%
Op. Margin
$-3.00M
Free Cash Flow
| 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 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $11.06M | $26.94M | $79.61M | $96.60M | $41.00K | $96.00K | $208.00K | $252.00K | - | - | - |
| Revenue Growth % | -59.0% | -66.2% | -17.6% | 235517.1% | -57.3% | -53.8% | -17.5% | nan% | nan% | nan% | nan% |
| Cost of Revenue | - | - | - | - | - | $5.00K | $2.00K | $75.00K | - | - | - |
| Gross Profit | - | - | - | - | $41.00K | $91.00K | $206.00K | $177.00K | - | - | - |
| Gross Margin % | nan% | nan% | nan% | nan% | 100.0% | 94.8% | 99.0% | 70.2% | nan% | nan% | nan% |
| Operating Expenses | - | - | - | - | $395.00K | $545.00K | $1.21M | $-2.56M | $-1.27M | $-5.39M | $-8.04M |
| Research & Development | $666.00K | $1.88M | $2.89M | $3.25M | $64.00K | $108.00K | $233.00K | $790.41K | $-354.81K | $-1.64M | $-740.20K |
| Operating Income | $-13.68M | $-11.55M | $-7.47M | $2.73M | $-354.00K | $-454.00K | $-1.00M | $-2.46M | $-1.27M | $-5.39M | $-8.04M |
| Operating Margin % | -123.8% | -42.9% | -9.4% | 2.8% | -863.4% | -472.9% | -482.7% | -977.9% | nan% | nan% | nan% |
| Interest Expense | $471.00K | $676.00K | $992.00K | $556.00K | $84.00K | - | - | - | - | - | $-30.60K |
| Other Income/Expense | $-11.20M | $-2.76M | $-1.28M | - | - | - | - | - | - | $-414.19K | $-712.78K |
| Income Before Tax | $-24.88M | $-14.32M | $-8.75M | $1.27M | $-384.00K | $-441.00K | $-1.10M | $-560.00K | - | - | - |
| Income Tax Expense | $-632.00K | $-213.00K | $-66.00K | $153.00K | $2.00K | $2.00K | $15.00K | $15.00K | - | - | - |
| Net Income | $-22.01M | $-12.05M | $-7.32M | $28.00K | $-386.00K | $-443.00K | $-1.12M | $-25.01M | $-1.57M | $-5.81M | $-8.76M |
| Net Margin % | -199.0% | -44.7% | -9.2% | 0.0% | -941.5% | -461.5% | -537.0% | -9923.2% | nan% | nan% | nan% |
| Basic EPS | nan | 2.69 | -0.49 | 0.00 | 0.02 | nan | nan | nan | nan | nan | nan |
| Diluted EPS | 5.82 | 2.69 | -0.49 | 0.00 | nan | nan | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | 10.5M | 4.5M | 14.9M | 14.8M | 14.8M | - | - | - | - | - | - |
| Diluted Shares Outstanding | 10.5M | 4.5M | 14.9M | 15.0M | 15.0M | - | - | - | - | - | - |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $624.00K | $1.77M | $4.20M | $74.00K | $148.00K | $87.00K | $499.92K | $2.96K | $4.49K | $115.45K |
| Short-term Investments | - | - | - | - | - | - | $17.24K | - | - | - |
| Accounts Receivable | $1.83M | $11.36M | $20.95M | $8.00K | $15.00K | - | $15.00K | - | - | - |
| Other Current Assets | $1.26M | $771.00K | $973.00K | $1.00M | - | - | $41.52K | $12.22K | - | - |
| Total Current Assets | $7.75M | $17.80M | $29.84M | $156.00K | $225.00K | $225.00K | $558.68K | $15.18K | $13.84K | $141.25K |
| Property Plant & Equipment | $27.00K | $245.00K | $302.00K | $334.00K | - | $5.00K | - | $14.29K | $31.80K | $21.12K |
| Goodwill | $4.58M | $12.25M | $17.36M | $12.48M | - | - | - | - | - | - |
| Intangible Assets | $9.55M | $12.43M | $15.31M | $8.41M | - | - | - | - | - | - |
| Total Assets | $22.07M | $43.28M | $63.70M | $156.00K | $225.00K | $230.00K | $558.68K | $29.53K | $57.57K | $162.37K |
| Accounts Payable | $5.93M | $12.36M | $19.78M | $16.68M | - | - | - | - | - | - |
| Short-term Debt | $2.31M | $5.00M | $5.07M | $69.00K | $50.00K | - | - | - | - | - |
| Total Current Liabilities | $12.93M | $19.77M | $28.52M | $2.44M | $2.30M | $1.92M | $975.15K | $1.01M | $958.20K | $288.77K |
| Long-term Debt | $496.00K | $3.06M | $2.88M | $4.27M | - | - | - | - | - | - |
| Deferred Tax Liabilities | $1.14M | $1.52M | $1.85M | $1.03M | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - | $975.15K | $1.62M | $958.20K | $288.77K |
| Common Stock | $3.00K | $3.00K | $3.00K | $3.00K | $3.00K | $3.00K | $11.07K | $2.25K | $1.99K | $1.53K |
| Retained Earnings | $-22.71M | $-10.66M | $-3.34M | $-15.54M | $-15.15M | $-14.71M | $-41.63M | $-16.62M | $-14.67M | $-8.86M |
| Total Stockholders Equity | $5.77M | $14.82M | $22.02M | $-2.28M | $-2.08M | $-1.69M | $-416.48K | $-1.59M | $-900.63K | $-126.41K |
| Total Liabilities & Equity | $22.07M | $43.28M | $63.70M | $156.00K | $225.00K | $230.00K | $558.68K | $29.53K | $57.57K | $162.37K |
| 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 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-22.01M | $-12.05M | $-7.32M | $28.00K | $-386.00K | $-443.00K | $-1.12M | $-25.01M | $-1.57M | $-5.81M | $-8.76M |
| Depreciation & Amortization | $3.02M | $3.01M | $2.95M | $2.81M | $1.94M | - | - | - | - | - | - |
| Stock-based Compensation | - | $68.00K | $135.00K | $71.00K | $-43.00K | - | - | - | $76.62K | $2.03M | - |
| Change in Receivables | $-5.56M | $-9.53M | $-9.59M | $4.53M | $-498.00K | - | $-15.00K | $-28.00K | - | - | - |
| Change in Payables | $-5.22M | $-6.38M | $-7.42M | $3.11M | $2.17M | - | - | - | - | - | - |
| Operating Cash Flow | $-3.00M | $1.54M | $934.00K | $3.24M | $-74.00K | $-53.00K | $-135.00K | $-1.54M | $630.01K | $-858.53K | $-1.30M |
| Capital Expenditure | - | $1.00K | $16.00K | $58.00K | $311.00K | - | $2.00K | - | - | $23.11K | $26.22K |
| Investing Cash Flow | - | $-1.00K | $-16.00K | $-74.00K | - | $13.00K | $-1.00K | - | $11.87K | $-35.03K | $441.38K |
| Debt Repayment | $4.22M | $510.00K | $1.81M | $1.39M | $230.00K | - | - | - | - | - | - |
| Stock Issued | - | - | - | - | - | $49.00K | - | $1.94M | $536.61K | $47.60K | $380.00K |
| Dividends Paid | - | - | $130.00K | $73.00K | - | - | - | - | - | - | - |
| Financing Cash Flow | $3.87M | $-2.78M | $-3.38M | $-4.22M | - | $99.00K | $174.00K | $2.04M | $616.61K | $782.60K | $989.97K |
| Net Change in Cash | $482.00K | $-1.24M | $-2.46M | $-1.06M | $-74.00K | $59.00K | $38.00K | $496.96K | $-2.53K | $-110.96K | $101.04K |
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 | $2.72M | $6.28M | $7.73M | $23.62M |
| Research & Development | $115.00K | $338.00K | $387.00K | $1.60M |
| Operating Income | $-3.63M | $-906.00K | $-9.52M | $-7.40M |
| Interest Expense | $92.00K | $173.00K | $357.00K | $562.00K |
| Other Income/Expense | $-668.00K | $152.00K | $-11.19M | $-2.75M |
| Income Before Tax | $-4.30M | $-754.00K | $-20.72M | $-10.15M |
| Income Tax Expense | $-348.00K | $-59.00K | $-501.00K | $-82.00K |
| Net Income | $-3.39M | $-590.00K | $-18.72M | $-8.77M |
| Basic EPS | 0.32 | 0.12 | 2.42 | 2.09 |
| Diluted EPS | 0.32 | 0.12 | 2.42 | 2.09 |
| Basic Shares Outstanding | $10.50M | $5.10M | $7.73M | $4.20M |
| Diluted Shares Outstanding | $10.50M | $5.10M | $7.73M | $4.20M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $2.17M | $624.00K |
| Accounts Receivable | $1.33M | $1.83M |
| Other Current Assets | $405.00K | $1.26M |
| Total Current Assets | $4.10M | $7.75M |
| Property Plant & Equipment | $81.00K | $27.00K |
| Goodwill | $6.21M | $4.58M |
| Intangible Assets | $6.46M | $9.55M |
| Total Assets | $16.88M | $21.97M |
| Accounts Payable | $4.74M | $5.93M |
| Short-term Debt | $1.32M | $2.31M |
| Other Current Liabilities | $845.00K | $812.00K |
| Total Current Liabilities | $8.55M | $12.93M |
| Long-term Debt | $781.00K | $496.00K |
| Deferred Tax Liabilities | $743.00K | $1.03M |
| Common Stock | $4.00K | $3.00K |
| Retained Earnings | $-45.48M | $-22.71M |
| Total Stockholders Equity | $5.55M | $5.77M |
| Total Liabilities & Equity | $16.88M | $21.97M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-3.39M | $-590.00K | $-18.72M | $-8.77M |
| Depreciation & Amortization | $791.00K | $727.00K | $2.29M | $2.28M |
| Stock-based Compensation | - | $61.00K | $78.00K | $90.00K |
| Change in Receivables | $278.00K | $18.00K | $-505.00K | $-5.27M |
| Change in Payables | $-795.00K | $1.17M | $-1.19M | $-2.35M |
| Operating Cash Flow | $-1.72M | $534.00K | $-2.55M | $1.99M |
| Investing Cash Flow | - | - | $12.00K | - |
| Debt Repayment | $2.23M | $190.00K | $3.56M | $510.00K |
| Financing Cash Flow | $1.93M | $262.00K | $4.23M | $-2.47M |
| Net Change in Cash | $210.00K | $796.00K | $1.69M | $-476.00K |
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.