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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 |
|---|---|---|---|---|---|---|
| Revenue | 4m | 116,036 | — | 0 | — | — |
| Research and development | 4m | 4m | 3m | 4m | 3m | 6m |
| Selling, general and administrative | 2m | 3m | 2m | 1m | 2m | 2m |
| Operating expenses | 6m | 7m | 4m | 5m | 3m | 8m |
| Operating income | −2m | −7m | 5m | −5m | −3m | −8m |
| Interest expense | — | — | 2,002 | 1,795 | 3,803 | 5,940 |
| Net income | −1m | −7m | 5m | −5m | −2m | −8m |
| Earnings per share | −0.37 | −2.86 | 4.81 | −9.13 | −5.92 | −19.71 |
| Earnings per share, diluted | −0.37 | −2.86 | 4.26 | −0.18 | −5.92 | −19.71 |
| Weighted average shares | 4m | 3m | 971,650 | 526,891 | 412,697 | 396,909 |
| Weighted average shares, diluted | 4m | 3m | 1m | 26m | 412,697 | 396,909 |
| Metric | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 10m | 14m | 1m | 3m | 3m | 3m | 2m | 10m |
| Short-term investments | — |
| Metric | Sep 30, 2025 | Dec 31, 2024 | Sep 30, 2024 |
|---|---|---|---|
| Operating cash flow | −2m | — | −7m |
| Depreciation and amortisation | 14,387 | — | 80,790 |
| Share-based compensation | 167,711 | 348,955 | 349,023 |
| Investing cash flow | — |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| — |
| — |
| — |
| — |
| 0 |
| Receivables | — | 2m | 7m | 0 | — | — | — | 0 |
| Inventory | — | — | — | — | — | — | — | 0 |
| Current assets | 13m | 17m | 8m | 3m | 3m | 4m | 3m | 10m |
| Property, plant and equipment | 135,016 | 113,485 | 115,057 | 129,444 | 182,437 | 235,741 | 307,571 | 388,361 |
| Total assets | 13m | 18m | 9m | 3m | 4m | 4m | 3m | 11m |
| Current liabilities | 3m | 6m | 8m | 8m | 10m | 10m | 10m | 10m |
| Total liabilities | 3m | 6m | 8m | 8m | 10m | 11m | 11m | 11m |
| Equity | 11m | 11m | 396,399 | −5m | −6m | −6m | −8m | −111,497 |
| Shares outstanding | 2m | 2m | 973,291 | 929,597 | 29m | 23m | 20m | 358,532 |
| Shares issued | 2m | 2m | 973,291 | 929,597 | 29m | 23m | 20m | 358,532 |
| 0 |
| Financing cash flow | 328,200 | — | −126,969 |