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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | 8m | 8m | 23m | 18m |
| Cost of revenue | 6m | 5m | 11m | 10m |
| Gross profit | 3m | 2m | 12m | 9m |
| Selling, general and administrative | 28m | 22m | 30m | 21m |
| Operating income | −26m | −21m | −21m | −42m |
| Interest expense | 3m | 1m | 4m | 1m |
| Pre-tax income | −55m | −26m | −6m | −57m |
| Income tax | 652,729 | −2m | −1m | −1m |
| Net income | −55m | −25m | −6m | −56m |
| Earnings per share | −0.55 | −0.99 | −0.84 | −24.65 |
| Earnings per share, diluted | −0.55 | −1.03 | −1.03 | −24.65 |
| Weighted average shares | 101m | 24m | 6m | 2m |
| Metric | Aug 18, 2026 | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | 2m | 614,753 | 6m | 2m |
| Receivables | — | 1m | 2m | 2m | — |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | −11m | −46m | −12m | −7m |
| Depreciation and amortisation | 2m | 2m | 3m | 2m |
| Share-based compensation | 8m | 4m | 532,466 | 1m |
| Capital expenditure |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| Inventory | — | 682,575 | 467,230 | 755,284 | — | — |
| Current assets | — | 24m | 42m | 10m | — | — |
| Property, plant and equipment | — | 13m | 301,531 | 456,751 | 563,131 | — |
| Goodwill | — | 45m | 8m | 11m | 32m | — |
| Total assets | — | 137m | 101m | 43m | 91m | — |
| Current liabilities | — | 28m | 12m | 17m | — | — |
| Short-term debt | — | 25,000 | 40,000 | 122,415 | — | — |
| Long-term debt | — | — | 10m | 254,455 | — | — |
| Total liabilities | — | 40m | 22m | 23m | 77m | — |
| Equity | — | 97m | 79m | 20m | 14m | 8m |
| 2m |
| 7,003 |
| 131,055 |
| 222,680 |
| Investing cash flow | −2m | −8m | −3m | −10m |
| Financing cash flow | 14m | 55m | 10m | 21m |