$178.00K
Revenue
$-2.21M
Net Income
62.92%
Gross Margin
-1233.71%
Op. Margin
$-1.94M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $178.00K | $7.00K | $98.00K | $13.00K | $81.00K | $102.00K |
| Revenue Growth % | 2442.9% | -92.9% | 653.8% | -84.0% | -20.6% | nan% |
| Cost of Revenue | $66.00K | $5.00K | $62.00K | $81.00K | $61.00K | $-41.00K |
| Gross Profit | $112.00K | $2.00K | $36.00K | $-68.00K | $20.00K | $143.00K |
| Gross Margin % | 62.9% | 28.6% | 36.7% | -523.1% | 24.7% | 140.2% |
| Operating Expenses | $2.31M | $2.11M | $3.49M | $3.27M | $2.38M | $1.20M |
| Research & Development | $483.00K | $526.00K | $228.00K | $77.00K | $69.00K | $143.00K |
| Operating Income | $-2.20M | $-2.11M | $-3.46M | $-3.33M | $-2.36M | $-1.05M |
| Operating Margin % | -1233.7% | -30114.3% | -3527.6% | -25638.5% | -2916.0% | -1031.4% |
| Interest Expense | $567.00K | $381.00K | $278.00K | $582.00K | $1.15M | $1.06M |
| Other Income/Expense | $114.00K | $18.00K | $39.00K | $-1.01M | $292.00K | $773.00K |
| Income Before Tax | $-2.63M | $-2.42M | $-3.49M | $-4.34M | $-2.07M | $-279.00K |
| Income Tax Expense | - | - | - | - | - | - |
| Net Income | $-2.21M | $-2.42M | $-3.49M | $-4.34M | $-2.07M | $-279.00K |
| Net Margin % | -1239.0% | -34528.6% | -3560.2% | -33392.3% | -2555.6% | -273.5% |
| Basic EPS | -0.05 | -0.05 | -0.07 | -0.15 | -0.18 | -0.04 |
| Diluted EPS | -0.05 | -0.05 | -0.07 | -0.15 | -0.18 | -0.04 |
| Basic Shares Outstanding | 81.7M | - | - | 32.5M | 13.4M | 10.8M |
| Diluted Shares Outstanding | 81.7M | 57.3M | 51.1M | 32.5M | 13.4M | 11K |
| 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | - | - | $2.31M | $643.00K | $182.00K |
| Accounts Receivable | $3.00K | $7.00K | $6.00K | $46.00K | $24.00K |
| Inventory | $633.00K | $632.00K | $548.00K | $571.00K | $605.00K |
| Other Current Assets | $173.00K | $163.00K | $137.00K | $377.00K | $85.00K |
| Total Current Assets | $1.20M | $1.39M | $3.00M | $1.64M | $896.00K |
| Property Plant & Equipment | $23.00K | $32.00K | $42.00K | $14.00K | $1.00K |
| Other Non-current Assets | $17.00K | $17.00K | $17.00K | $17.00K | - |
| Total Assets | $1.38M | $1.67M | $3.37M | $2.04M | $1.35M |
| Accounts Payable | $2.09M | $1.99M | $2.19M | $2.36M | $2.42M |
| Accrued Liabilities | $1.01M | $970.00K | $1.25M | $1.77M | $3.00M |
| Deferred Revenue | $849.00K | $424.00K | $509.00K | $337.00K | $42.00K |
| Total Current Liabilities | $6.16M | $4.81M | $4.87M | $5.69M | $8.96M |
| Long-term Debt | - | - | - | $820.00K | $23.00K |
| Total Liabilities | $6.27M | $5.47M | $6.25M | $7.49M | $12.21M |
| Common Stock | $3.45M | $3.44M | $3.44M | $3.40M | $3.40M |
| Retained Earnings | $-153.71M | $-151.12M | $-147.36M | $-142.39M | $-139.96M |
| Treasury Stock | $132.00K | $132.00K | $132.00K | $132.00K | $132.00K |
| Total Stockholders Equity | $-4.89M | $-3.81M | $-2.88M | $-5.45M | $-10.86M |
| Total Liabilities & Equity | $1.38M | $1.67M | $3.37M | $2.04M | $1.35M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-2.21M | $-2.42M | $-3.49M | $-4.34M | $-2.07M | $-279.00K |
| Depreciation & Amortization | - | - | - | - | - | - |
| Stock-based Compensation | $669.02K | $120.00K | $1.81M | $176.00K | $228.00K | $310.00K |
| Change in Receivables | $11.00K | $-6.00K | $3.00K | $-16.00K | $22.00K | $23.00K |
| Change in Inventory | $-91.00K | $1.00K | $84.00K | $58.00K | $-33.00K | $483.00K |
| Change in Payables | - | - | - | - | - | $-372.00K |
| Operating Cash Flow | $-1.94M | $-1.12M | $-1.75M | $-1.48M | $-1.59M | $-1.88M |
| Capital Expenditure | - | - | - | $31.00K | $14.00K | $1.00K |
| Investing Cash Flow | - | - | - | $-31.00K | $-14.00K | $-1.00K |
| Stock Issued | - | - | - | $1.39M | - | - |
| Financing Cash Flow | $1.36M | $916.00K | $24.00K | $3.18M | $2.07M | $1.16M |
| Net Change in Cash | - | $-203.00K | $-1.72M | - | $461.00K | $-717.00K |
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 | $60.00K | - | $177.00K | $6.00K |
| Cost of Revenue | $25.00K | - | $64.00K | $2.00K |
| Gross Profit | $35.00K | - | $113.00K | $4.00K |
| Operating Expenses | $520.00K | $561.00K | $1.77M | $1.58M |
| Research & Development | $136.00K | $111.00K | $342.00K | $386.00K |
| Operating Income | $-485.00K | $-561.00K | $-1.66M | $-1.57M |
| Interest Expense | $129.00K | $108.00K | $433.00K | $247.00K |
| Other Income/Expense | $-257.00K | $-93.00K | $-316.00K | $-191.00K |
| Income Before Tax | $-742.00K | $-654.00K | $-1.98M | $-1.76M |
| Income Tax Expense | - | - | - | - |
| Net Income | $-742.00K | $-654.00K | $-1.98M | $-1.76M |
| Basic EPS | -0.01 | -0.01 | -0.03 | -0.03 |
| Diluted EPS | -0.01 | -0.01 | -0.03 | -0.03 |
| Basic Shares Outstanding | $81.69M | $57.04M | $76.35M | $55.93M |
| Diluted Shares Outstanding | $81.69M | $57.04M | $76.35M | $55.93M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Accounts Receivable | $6.00K | $3.00K |
| Inventory | $583.00K | $633.00K |
| Other Current Assets | $123.00K | $173.00K |
| Total Current Assets | $799.00K | $1.20M |
| Property Plant & Equipment | $18.00K | $23.00K |
| Other Non-current Assets | $17.00K | $17.00K |
| Total Assets | $903.00K | $1.38M |
| Accounts Payable | $2.38M | $2.09M |
| Accrued Liabilities | $952.00K | $1.01M |
| Deferred Revenue | $689.00K | $849.00K |
| Total Current Liabilities | $6.47M | $6.16M |
| Total Liabilities | $6.55M | $6.27M |
| Common Stock | $3.47M | $3.45M |
| Retained Earnings | $-155.81M | $-153.71M |
| Total Stockholders Equity | $-5.65M | $-4.89M |
| Total Liabilities & Equity | $903.00K | $1.38M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-742.00K | $-654.00K | $-1.98M | $-1.76M |
| Stock-based Compensation | - | - | $352.00K | $133.00K |
| Change in Receivables | - | - | $7.00K | $-4.00K |
| Change in Inventory | - | - | $-50.00K | $4.00K |
| Operating Cash Flow | - | - | $-777.00K | $-787.00K |
| Capital Expenditure | - | - | $2.00K | - |
| Investing Cash Flow | - | - | $-2.00K | - |
| Financing Cash Flow | - | - | $478.00K | $390.00K |
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.