| Metric | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and cash equivalents | $66.0M+36.0% | $48.5M+3357.3% | $1.4M |
| Restricted cash | $58K+226.8% | $18K-80.2% | $90K |
| Accounts receivable, net | $4.2M | — | — |
| Inventory | $5.1M+732.9% | $615K | — |
| Prepaid expenses and other current assets | $3.5M+230.7% | $1.1M+192.6% | $366K |
| Total current assets | $79.0M+57.2% | $50.3M+2519.4% | $1.9M |
| Other assets | $46K | — | — |
| Equipment, net | $329K+1113.4% | $27K+1473.3% | $2K |
| Intangible assets, net | $391K-5.2% | $413K-22.4% | $532K |
| Total assets | $79.7M+57.1% | $50.7M+1969.1% | $2.5M |
| Accounts payable and accrued liabilities | $9.0M+268.0% | $2.4M+75.0% | $1.4M |
| Current deferred income | $153K | — | — |
| Total current liabilities | $9.1M+172.5% | $3.4M+28.1% | $2.6M |
| Deferred income | $36K | — | — |
| Option liabilities | $3.2M+34.1% | $2.4M | — |
| Warrant liabilities | $4.8M-17.3% | $5.8M+30.6% | $4.5M |
| Other long-term liabilities | $47K-54.1% | $103K+22.2% | $84K |
| Total liabilities | $17.2M+47.7% | $11.6M+62.7% | $7.2M |
| Common stock, no par value, unlimited stock authorized, 21,742,104 and 16,019,787 shares issued and outstanding as of December 31, 2025, and December 31, 2024, respectively | $133.9M+35.1% | $99.1M+149.3% | $39.8M |
| Class B preferred stock, no par value, unlimited stock authorized, 316,655 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | $62+0.0% | $62+0.0% | $62 |
| Additional paid-in capital | $25.8M+56.6% | $16.5M-4.5% | $17.3M |
| Accumulated other comprehensive loss | -$104K+0.0% | -$104K+0.0% | -$104K |
| Accumulated deficit | -$97.1M-27.0% | -$76.4M-24.0% | -$61.6M |
| Total stockholders’ equity | $62.5M+59.9% | $39.1M+931.2% | -$4.7M |
| Total liabilities and stockholders’ equity | $79.7M+57.1% | $50.7M+1969.1% | $2.5M |
| Related Party | |||
| Current portion of promissory note - related party | $911K | — | $1.2M |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.