| Income Statement (Quarterly) | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|
| Revenue | 400,000 | 0 | 4,782,000 | 0 |
| Cost of Revenue | 100,000 | 815,000 | 0 | 722,000 |
| Gross Profit | 300,000 | -815,000 | 2,391,000 | -722,000 |
| Operating Expenses | ||||
| R&D Expenses | 0 | 0 | 0 | 0 |
| SG&A Expenses | 17,149,000 | 9,786,000 | 7,678,000 | 6,404,000 |
| Operating Expenses | 23,092,000 | 19,727,000 | 16,672,000 | 15,345,000 |
| Operating Income | -22,792,000 | -19,727,000 | -16,672,000 | -15,345,000 |
| Interest Expense | 957,000 | 998,000 | 1,082,000 | 1,102,000 |
| Income Before Tax | 124,345,000 | -12,029,000 | -9,293,000 | -30,269,000 |
| Income Tax Expense | 15,512,000 | 0 | 0 | 0 |
| Net Income | 108,833,000 | -12,029,000 | -9,293,000 | -30,269,000 |
| Per Share | ||||
| EPS | 2.07 | -0.24 | -0.23 | -0.63 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Statement (Annual) | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Revenue | 0 | 3,500,000 | 1,414,000 |
| Cost of Revenue | 2,907,000 | 1,605,000 | 4,577,000 |
| Gross Profit | -2,907,000 | 1,895,000 | -3,163,000 |
| Operating Expenses | |||
| R&D Expenses | 0 | 0 | 0 |
| SG&A Expenses | 29,851,000 | 19,004,000 | 13,129,000 |
| Operating Expenses | 61,304,000 | 49,030,000 | 42,094,000 |
| Operating Income | -64,211,000 | -47,135,000 | -45,257,000 |
| Interest Expense | 4,208,000 | 418,000 | 736,000 |
| Income Before Tax | -63,734,000 | -54,188,000 | -39,696,000 |
| Income Tax Expense | 0 | 0 | 3,782,000 |
| Net Income | -63,734,000 | -54,188,000 | -39,696,000 |
| Per Share | |||
| EPS | -1.55 | -2.53 | -5.05 |
| EPS Diluted | 0.00 | 0.00 | 0.00 |
| Balance Sheet (Quarterly) | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Assets | |||
| Cash and Cash Equivalents | 23,357,000 | 14,473,000 | 14,555,000 |
| Short Term Investments | 74,363,000 | 37,753,000 | 37,932,000 |
| Net Receivables | 1,652,000 | 2,444,000 | 188,000 |
| Inventory | 0 | 0 | 0 |
| Total Current Assets | 100,853,000 | 55,737,000 | 53,099,000 |
| Property Plant Equipment | 7,982,000 | 7,988,000 | 11,072,000 |
| Goodwill and Intangibles | 0 | 0 | 0 |
| Total Assets | 108,931,000 | 64,002,000 | 64,214,000 |
| Liabilities | |||
| Account Payables | 3,441,000 | 1,858,000 | 1,811,000 |
| Short Term Debt | 6,749,000 | 998,000 | 1,773,000 |
| Total Current Liabilities | 16,587,000 | 13,422,000 | 7,779,000 |
| Long Term Debt | 16,299,000 | 4,402,000 | 0 |
| Total Liabilities | 64,900,000 | 49,176,000 | 37,453,000 |
| Shareholders Equity | |||
| Retained Earnings | -813,258,000 | -749,524,000 | -695,336,000 |
| Total Shareholders Equity | 44,031,000 | 14,826,000 | 26,761,000 |
| Balance Sheet (Annual) | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Assets | |||
| Cash and Cash Equivalents | 23,357,000 | 14,473,000 | 14,555,000 |
| Short Term Investments | 74,363,000 | 37,753,000 | 37,932,000 |
| Net Receivables | 1,652,000 | 2,444,000 | 188,000 |
| Inventory | 0 | 0 | 0 |
| Total Current Assets | 100,853,000 | 55,737,000 | 53,099,000 |
| Property Plant Equipment | 7,982,000 | 7,988,000 | 11,072,000 |
| Goodwill and Intangibles | 0 | 0 | 0 |
| Total Assets | 108,931,000 | 64,002,000 | 64,214,000 |
| Liabilities | |||
| Account Payables | 3,441,000 | 1,858,000 | 1,811,000 |
| Short Term Debt | 6,749,000 | 998,000 | 1,773,000 |
| Total Current Liabilities | 16,587,000 | 13,422,000 | 7,779,000 |
| Long Term Debt | 16,299,000 | 4,402,000 | 0 |
| Total Liabilities | 64,900,000 | 49,176,000 | 37,453,000 |
| Shareholders Equity | |||
| Retained Earnings | -813,258,000 | -749,524,000 | -695,336,000 |
| Total Shareholders Equity | 44,031,000 | 14,826,000 | 26,761,000 |
| Cash Flow Statement (Quarterly) | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | -63,734,000 | -54,188,000 | -39,696,000 |
| Depreciation & Amortization | 2,907,000 | 3,198,000 | 4,577,000 |
| Stock Based Compensation | 6,628,000 | 4,768,000 | 3,051,000 |
| Change in Working Capital | -4,383,000 | -1,788,000 | -5,892,000 |
| Operating Cash Flow | -56,015,000 | -37,009,000 | -43,483,000 |
| Investing Activities | |||
| Capital Expenditure | -2,446,000 | -331,000 | -130,000 |
| Investments | -2,446,000 | -331,000 | -130,000 |
| Investing Cash Flow | -39,240,000 | 208,000 | -23,964,000 |
| Financing Activities | |||
| Debt Repayment | 20,000,000 | 0 | 0 |
| Common Stock Issued/Repurchased | 85,628,000 | 37,389,000 | 43,173,000 |
| Dividends Paid | 0 | 0 | 0 |
| Financing Cash Flow | 104,139,000 | 37,057,000 | 43,173,000 |
| Summary | |||
| Free Cash Flow | -58,461,000 | -37,340,000 | -43,613,000 |
| Net Change in Cash | 8,884,000 | 256,000 | -23,374,000 |
| Cash Flow Statement (Annual) | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | -63,734,000 | -54,188,000 | -39,696,000 |
| Depreciation & Amortization | 2,907,000 | 3,198,000 | 4,577,000 |
| Stock Based Compensation | 6,628,000 | 4,768,000 | 3,051,000 |
| Change in Working Capital | -4,383,000 | -1,788,000 | -5,892,000 |
| Operating Cash Flow | -56,015,000 | -37,009,000 | -43,483,000 |
| Investing Activities | |||
| Capital Expenditure | -2,446,000 | -331,000 | -130,000 |
| Investments | -2,446,000 | -331,000 | -130,000 |
| Investing Cash Flow | -39,240,000 | 208,000 | -23,964,000 |
| Financing Activities | |||
| Debt Repayment | 20,000,000 | 0 | 0 |
| Common Stock Issued/Repurchased | 85,628,000 | 37,389,000 | 43,173,000 |
| Dividends Paid | 0 | 0 | 0 |
| Financing Cash Flow | 104,139,000 | 37,057,000 | 43,173,000 |
| Summary | |||
| Free Cash Flow | -58,461,000 | -37,340,000 | -43,613,000 |
| Net Change in Cash | 8,884,000 | 256,000 | -23,374,000 |