$112.00K
Revenue
$-15.75M
Net Income
-
Gross Margin
-13006.25%
Op. Margin
$-19.18M
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) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $112.00K | $170.00K | $202.00K | $141.00K | $135.00K | $163.00K | $140.00K | $367.00K | $437.00K | $92.00K | $133.00K | $197.00K | $150.00K | $213.00K | $161.00K |
| Revenue Growth % | -34.1% | -15.8% | 43.3% | 4.4% | -17.2% | 16.4% | -61.9% | -16.0% | 375.0% | -30.8% | -32.5% | 31.3% | -29.6% | 32.3% | nan% |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | $1.25M | $1.23M | $1.99M | $1.04M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | $-1.05M | $-1.08M | $-1.78M | $-882.00K |
| Gross Margin % | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | -535.0% | -722.7% | -833.8% | -547.8% |
| Operating Expenses | $14.68M | $19.94M | $32.12M | $20.06M | $18.97M | $15.31M | $12.58M | $11.86M | $11.85M | $13.90M | $16.78M | $19.30M | $17.32M | $20.55M | $14.46M |
| Research & Development | $4.53M | $6.20M | $10.94M | $6.99M | $7.67M | $5.72M | $4.65M | $4.78M | $4.10M | $5.11M | $8.04M | $8.99M | $8.36M | $9.51M | $6.72M |
| Operating Income | $-14.57M | $-19.77M | $-31.92M | $-19.92M | $-18.84M | $-15.15M | $-12.44M | $-11.50M | $-11.42M | $-13.80M | $-16.65M | $-19.10M | $-17.17M | $-20.34M | $-14.29M |
| Operating Margin % | -13006.2% | -11630.6% | -15800.0% | -14129.8% | -13954.1% | -9295.7% | -8887.9% | -3132.4% | -2612.4% | -15004.3% | -12518.8% | -9694.9% | -11444.7% | -9549.3% | -8878.9% |
| Interest Expense | $553.00K | $585.00K | - | - | $67.00K | $672.00K | $427.00K | $502.00K | $139.00K | - | $3.00K | $11.00K | $16.00K | $24.00K | $41.00K |
| Other Income/Expense | - | $5.19M | $1.07M | $629.00K | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | $-15.75M | $-17.32M | $-28.96M | $-19.45M | $-19.13M | $-14.40M | $-9.53M | $-9.81M | $-8.26M | $-7.50M | $-15.23M | $-17.45M | $-16.23M | $-17.35M | $-9.02M |
| Net Margin % | -14062.5% | -10188.2% | -14337.6% | -13790.8% | -14168.1% | -8834.4% | -6809.3% | -2673.8% | -1889.9% | -8154.3% | -11451.1% | -8857.9% | -10816.7% | -8147.4% | -5599.4% |
| Basic EPS | -2.26 | -0.31 | -0.60 | -0.40 | -0.40 | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan |
| Diluted EPS | -2.26 | -0.31 | -0.60 | -0.40 | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | 2.1M | 56.0M | 48.6M | - | - | - | - | - | - | - | - | - | - | - | - |
| Diluted Shares Outstanding | 2.1M | 56.0M | 48.6M | 48.0M | - | - | - | - | - | - | - | - | - | - | - |
| 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) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.70M | $5.44M | $27.05M | $32.09M | $38.50M | $1.47M | $299.00K | $1.41M | $2.41M | $2.12M | $2.16M | $803.00K | $2.21M | $3.10M |
| Short-term Investments | $2.28M | $7.63M | $7.14M | $16.18M | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | $1.18M | $1.68M | - | $34.00K | $44.00K | $235.00K | $24.00K | - | - | - | - | - | - |
| Other Current Assets | $199.00K | $302.00K | $455.00K | $304.00K | $184.00K | $848.00K | $880.00K | $610.00K | $309.00K | $335.00K | $399.00K | - | - | - |
| Total Current Assets | $4.18M | $14.56M | $36.32M | $50.21M | $40.31M | $10.45M | $3.80M | $3.50M | $6.94M | $10.57M | $16.51M | $18.55M | $44.73M | $31.79M |
| Property Plant & Equipment | $108.00K | $127.00K | $195.00K | $4.05M | $6.47M | $7.12M | $7.78M | $8.59M | $9.51M | $11.24M | $4.60M | $5.05M | $5.29M | $5.28M |
| Intangible Assets | $2.59M | $2.31M | $1.94M | $1.97M | $1.50M | $1.15M | $912.00K | $858.00K | $872.00K | $862.00K | $861.00K | $1.08M | $1.03M | $863.00K |
| Long-term Investments | - | - | - | - | $15.38M | - | - | - | - | - | - | - | - | - |
| Other Non-current Assets | $1.11M | $1.69M | $1.20M | $1.32M | $748.00K | $1.35M | $1.35M | $1.26M | $1.55M | $134.00K | $134.00K | $136.00K | $65.00K | $71.00K |
| Total Assets | $8.61M | $19.38M | $40.49M | $57.70M | $64.58M | $20.22M | $13.85M | $14.21M | $18.87M | $22.80M | $29.44M | $31.87M | $57.70M | $43.51M |
| Accounts Payable | $6.38M | $6.44M | $377.00K | $198.00K | $383.00K | $472.00K | $680.00K | $741.00K | $887.00K | $1.21M | $2.08M | $1.27M | $2.16M | $1.68M |
| Accrued Liabilities | $606.00K | $1.99M | $806.00K | $438.00K | $442.00K | $403.00K | $1.00M | $1.97M | $1.55M | $1.22M | $2.33M | $1.23M | $3.40M | $1.64M |
| Total Current Liabilities | $9.54M | $8.65M | $1.36M | $673.00K | $1.10M | $1.13M | $5.29M | $2.71M | $2.44M | $2.43M | $4.44M | $2.53M | $12.65M | $5.07M |
| Long-term Debt | - | - | - | - | $1.88M | $2.10M | $2.32M | - | - | - | - | - | - | - |
| Total Liabilities | $9.93M | $9.15M | $2.02M | - | - | - | - | - | - | - | $4.44M | $2.57M | $13.00M | $5.55M |
| Common Stock | $66.00K | $49.00K | $48.00K | $48.00K | $42.00K | $10.00K | $49.00K | $33.00K | $24.00K | $21.00K | $204.00K | $168.00K | $166.00K | $136.00K |
| Retained Earnings | $-426.83M | $-409.51M | $-380.55M | $-361.10M | $-341.97M | $-328.11M | $-318.57M | $-308.76M | $-300.50M | $-293.00M | $-277.77M | $-260.32M | $-244.09M | $-226.74M |
| Total Stockholders Equity | $-1.32M | $10.23M | $38.47M | $56.88M | $61.29M | $12.91M | $5.17M | $8.70M | $15.50M | $20.37M | $25.00M | $29.30M | $44.70M | $37.97M |
| Total Liabilities & Equity | $8.61M | $19.38M | $40.49M | $57.70M | $64.58M | $20.22M | $13.85M | $14.21M | $18.87M | $22.80M | $29.44M | $31.87M | $57.70M | $43.51M |
| 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) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-19.45M | $-17.32M | $-28.96M | $-19.45M | $-19.13M | $-14.40M | $-9.53M | $-9.81M | $-8.26M | $-7.50M | $-15.23M | $-17.45M | $-16.23M | $-17.35M | $-9.02M |
| Stock-based Compensation | $376.00K | $686.00K | $243.00K | $954.00K | $1.57M | $1.04M | $853.00K | $929.00K | $571.00K | - | - | - | - | - | - |
| Change in Receivables | - | $-1.18M | $-492.00K | - | $-34.00K | $40.00K | $191.00K | $1.07M | $24.00K | - | - | - | - | - | - |
| Change in Inventory | - | - | - | - | - | - | - | - | - | - | $1.33M | - | - | $579.00K | $110.00K |
| Change in Payables | $-62.00K | $-60.00K | $6.07M | $179.00K | $-185.00K | $-89.00K | $-207.00K | $166.00K | $566.00K | $-326.00K | $-196.00K | $869.00K | $-617.00K | $860.00K | $424.00K |
| Operating Cash Flow | $-19.18M | $-14.89M | $-21.27M | $-16.11M | $-13.96M | $-10.37M | $-9.07M | $-10.64M | $-7.94M | $-7.38M | $-16.05M | $-13.92M | $-16.83M | $-13.14M | $-10.10M |
| Capital Expenditure | - | $18.00K | - | $86.00K | $41.00K | $22.00K | $68.00K | $51.00K | $20.00K | $160.00K | $240.00K | $504.00K | $898.00K | $5.75M | $1.80M |
| Purchases of Investments | $476.00K | $361.00K | $1.59M | $2.72M | $22.54M | $18.61M | $5.78M | - | - | - | - | - | - | $32.77M | $10.20M |
| Investing Cash Flow | $8.20M | $4.71M | $-832.00K | $10.99M | $-631.00K | $-9.16M | $-6.15M | $92.00K | $2.73M | $2.92M | $6.35M | $2.49M | $22.27M | $-16.07M | $8.65M |
| Debt Repayment | - | - | - | - | $122.00K | $355.00K | $340.00K | $264.00K | - | - | - | - | - | - | - |
| Stock Issued | - | - | - | - | $13.04M | $61.25M | $15.30M | $5.07M | $2.42M | $4.74M | $9.68M | $12.82M | $249.00K | $23.00M | - |
| Financing Cash Flow | $10.38M | $6.44M | $485.00K | $80.00K | $8.19M | $56.56M | $16.39M | $9.44M | $4.21M | $4.76M | $9.66M | $12.78M | $-6.85M | $28.31M | $1.62M |
| Net Change in Cash | $-596.00K | $-3.74M | $-21.61M | $-5.04M | $-6.41M | $37.03M | $1.17M | $-1.11M | $-996.00K | $293.00K | $-41.00K | $1.35M | $-1.41M | $-891.00K | $183.00K |
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 | $26.00K | - | $67.00K | - |
| Operating Expenses | $2.47M | - | $8.78M | - |
| Research & Development | $607.00K | - | $2.86M | - |
| Operating Income | $-2.45M | - | $-8.71M | - |
| Interest Expense | $148.00K | - | $421.00K | - |
| Net Income | $-3.28M | $-1.84M | $-9.78M | - |
| Basic EPS | 1.57 | - | -8.18 | - |
| Diluted EPS | 1.57 | - | -8.18 | - |
| Basic Shares Outstanding | $2.09M | - | $1.20M | - |
| Diluted Shares Outstanding | $2.09M | - | $1.20M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $2.35M | $1.70M |
| Short-term Investments | $62.00K | $2.28M |
| Other Current Assets | $166.00K | $199.00K |
| Total Current Assets | $2.58M | $4.18M |
| Property Plant & Equipment | $80.00K | $108.00K |
| Intangible Assets | $2.04M | $2.59M |
| Other Non-current Assets | $362.00K | $1.11M |
| Total Assets | $5.49M | $8.61M |
| Accounts Payable | $1.25M | $6.38M |
| Accrued Liabilities | $679.00K | $606.00K |
| Total Current Liabilities | $4.04M | $9.54M |
| Total Liabilities | $11.57M | $9.93M |
| Common Stock | $3.00K | $1.00K |
| Retained Earnings | $-436.61M | $-426.83M |
| Total Stockholders Equity | $-6.08M | $-1.32M |
| Total Liabilities & Equity | $5.49M | $8.61M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-3.28M | $-1.84M | $-9.78M | - |
| Stock-based Compensation | - | - | $60.00K | - |
| Change in Receivables | - | - | - | - |
| Change in Payables | - | - | $-1.66M | - |
| Operating Cash Flow | - | - | $-8.97M | - |
| Capital Expenditure | - | - | - | - |
| Purchases of Investments | - | - | $91.00K | - |
| Investing Cash Flow | - | - | $1.95M | - |
| Debt Repayment | - | - | $660.00K | - |
| Financing Cash Flow | - | - | $7.67M | - |
| Net Change in Cash | - | - | $646.00K | - |
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.