| Metric | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and cash equivalents | $2.6M+281.2% | $688K+8.8% | $633K |
| Restricted cash | $100K+0.0% | $100K+0.0% | $100K |
| Accounts receivable, net | $3.2M-39.8% | $5.3M+152.6% | $2.1M |
| Other receivables, net | $2.0M | — | — |
| Prepaid expenses (including related party amount of $110,803 and $312,966, respectively) | $351K-81.1% | $1.9M+133.0% | $798K |
| Inventory, net | $3.7M+117.7% | $1.7M-53.9% | $3.7M |
| Total Current Assets | $10.0M-37.6% | $16.1M+35.8% | $11.8M |
| Intangible assets, net | $150K-47.1% | $283K-32.0% | $417K |
| Total Assets | $10.2M-37.8% | $16.3M+33.5% | $12.2M |
| Accounts payable and accrued liabilities (including payable to shareholder of $196,934 and $88,644, respectively) | $6.4M+23.0% | $5.2M-55.7% | $11.7M |
| Income taxes payable | $88K-63.7% | $243K+30.9% | $186K |
| Contract liabilities | $2K-93.7% | $24K+70.8% | $14K |
| Short term loans payable, net of debt discount, related party | $100K | — | — |
| Short term loans payable, net of debt discount | $7.7M | — | $2.1M |
| Current portion of notes payable, net of debt discount | $1.7M | — | — |
| Current portion of long-term notes payable, net of debt discount and debt issuance cost, shareholder | $4.0M | — | — |
| Total Current Liabilities | $8.2M-52.1% | $17.2M+22.6% | $14.0M |
| Notes payable, net of debt discount, shareholder | $8.3M | — | — |
| Notes payable, net of debt discount | $25.1M+236.0% | $7.5M-43.1% | $13.1M |
| Total long-term liabilities | $25.1M+58.7% | $15.8M-38.1% | $25.5M |
| Total Liabilities | $33.3M+1.0% | $33.0M-16.6% | $39.5M |
| Common stock, $0.00001 par value; 300,000,000 shares authorized; 11,483,926 and 8,721,818, shares issued, respectively; 11,303,853 and 8,541,745 outstanding, respectively | $114+31.0% | $87+14.5% | $76 |
| Additional paid in capital | $33.6M+21.5% | $27.6M+44.4% | $19.1M |
| Accumulated other comprehensive loss | -$154K-222.9% | -$48K+53.4% | -$102K |
| Accumulated deficit | -$56.4M-28.0% | -$44.1M+4.6% | -$46.2M |
| Less: Treasury stock (180,073 shares) at cost | -$128K+0.0% | -$128K+0.0% | -$128K |
| Total stockholders’ deficit | -$23.1M-39.1% | -$16.6M+39.1% | -$27.3M |
| Total Liabilities and Stockholders’ Deficit | $10.2M-37.8% | $16.3M+33.5% | $12.2M |
| Related Party | |||
| Loan receivable (related party), net | $4.4M | — | $4.5M |
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.