HCWB
HCW Biologics Inc.
Company overview
- Market capitalization
- $3.34M
- Employees
- 35
- Latest publication
- 2026-09-29
About HCW Biologics Inc.
HCW Biologics Inc., a clinical-stage biopharmaceutical company, focuses on discovering and developing novel immunotherapies for chronic, low-grade inflammation, and diseases in the United States. Its lead products include HCW11-018b, a novel, tetra-valent T-Cell engager; HCW11-040, a multifunctional fusion molecule that is a combination of cytokines and pembrolizumab; and HCW9302, injectable and interleukin 2 (IL-2) fusion protein complex, which is in phase 1 for alopecia areata diseases. The company also develops HCW9201, a fusion protein designed as a reagent to use in the production of natural killer (NK) cell-based therapies; HCW9206, a fusion protein designed as a reagent to use in the production of CAR-therapies for the treatment of infectious diseases; and HCW11-006, an immune cell stimulator. It has a license agreement with Wugen Inc. to develop cell therapy-based treatments; and a license, research and co-development agreement with WY Biotech Co., Ltd. for its preclinical molecules. HCW Biologics Inc. was incorporated in 2018 and is headquartered in Miramar, Florida.
Financial statements
Income Quarterly
| Metric | Q2 20262026-06-30 · USD | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 121,730USD | 6,500,000USD | 27,010USD | 15,606USD | 6,550USD | 5,065USD | 394,804USD | 426,423USD |
| Cost Of Revenue | 229,455USD | 11,071USD | 21,609USD | 12,485USD | 5,240USD | 4,052USD | 315,843USD | 341,138USD |
| Gross Profit | -93,887USD | 6,531,930USD | 5,401USD | 3,121USD | 1,310USD | 1,013USD | 78,961USD | 85,285USD |
| Research Development | 1,203,352USD | 1,257,948USD | 1,333,101USD | 1,404,247USD | 1,226,824USD | 1,478,711USD | 1,049,611USD | 1,186,913USD |
| Selling General Administrative | 1,870,375USD | 1,833,277USD | 1,561,552USD | 1,817,047USD | 2,077,155USD | 153,808USD | 1,587,300USD | 2,539,447USD |
| General And Administrative Expenses | 1,870,375USD | 1,833,277USD | — | — | — | — | — | — |
| Total Operating Expenses | 3,072,402USD | 3,296,221USD | 2,952,810USD | 3,279,745USD | 3,465,387USD | 1,966,815USD | 3,238,719USD | 3,775,520USD |
| Operating Income | -3,166,289USD | 3,235,709USD | -2,947,409USD | -3,276,624USD | -3,464,077USD | -1,965,802USD | -3,159,758USD | -3,690,235USD |
| Total Other Income Expense Net | -2,052,942USD | 566,957USD | 3,666,641USD | -1,277,712USD | 1,536,347USD | -231,073USD | -213,515USD | -212,053USD |
| Interest Expense | 100,541USD | 109,274USD | 226,541USD | 142,572USD | 228,714USD | 255,822USD | 248,108USD | 223,363USD |
| Income Before Tax | -5,219,231USD | 3,802,666USD | 719,232USD | -4,554,336USD | -1,927,730USD | -2,196,875USD | -3,373,273USD | -3,902,288USD |
| Income Tax Expense | 0USD | 330,186USD | — | — | — | — | — | — |
| Net Income | -5,219,231USD | 3,472,480USD | 719,232USD | -4,554,336USD | -1,927,730USD | -2,196,875USD | -3,373,273USD | -3,902,288USD |
| Net Income Applicable To Common Shares | -15,373,873USD | 1,255,709USD | — | — | — | — | — | — |
| Net Interest Income | — | — | -226,541USD | -142,572USD | -330,962USD | -528,881USD | -775,412USD | -223,363USD |
| Net Income From Continuing Ops | — | — | 719,232USD | -4,554,336USD | -1,927,730USD | -2,196,875USD | -3,373,273USD | -3,902,288USD |
| Ebit | — | — | 945,773USD | -4,411,764USD | -1,596,768USD | -1,667,994USD | -2,597,861USD | -3,678,925USD |
| Ebitda | — | — | 1,102,713USD | -4,237,859USD | -1,304,852USD | -1,248,984USD | -1,915,354USD | -3,550,476USD |
| Depreciation And Amortization | — | — | 156,940USD | 173,905USD | 291,916USD | 419,010USD | 682,507USD | 128,449USD |
| Reconciled Depreciation | — | — | 156,940USD | 173,905USD | 291,916USD | 419,010USD | 682,507USD | 128,449USD |
| Tax Provision | — | — | — | — | — | 0USD | — | — |
| Selling And Marketing Expenses | — | — | — | — | — | — | 153,906USD | 75,060USD |
| Source | DisclosureDeterministicFinal | DisclosureDeterministicAmendment | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Income Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD | FY 20202020-12-31 · USD | FY 20192019-12-31 · USD |
|---|---|---|---|---|---|---|---|
| Total Revenue | 54,232USD | 2,566,792USD | 2,841,794USD | 6,722,090USD | 4,099,750USD | 4,099,750USD | 0USD |
| Cost Of Revenue | 43,386USD | 1,607,389USD | 2,281,434USD | 4,135,712USD | 543,598USD | — | 421,817USD |
| Gross Profit | 10,846USD | 959,403USD | 560,360USD | 2,586,378USD | -543,598USD | 4,099,750USD | -421,817USD |
| Research Development | 5,442,884USD | 6,388,994USD | 7,676,316USD | 9,338,365USD | 8,173,624USD | 7,255,227USD | 5,140,358USD |
| Selling General Administrative | 7,701,281USD | 21,945,218USD | 13,084,441USD | 7,988,333USD | 4,975,744USD | 2,436,009USD | 1,803,099USD |
| Unclassified Operating Expenses | -1,876,031USD | 1,300,000USD | 5,271,156USD | — | — | — | — |
| Total Operating Expenses | 11,268,134USD | 30,439,070USD | 26,277,520USD | 17,665,156USD | 13,367,834USD | 9,924,275USD | 6,943,457USD |
| Operating Income | -11,257,288USD | -29,479,667USD | -25,717,160USD | -15,078,778USD | -13,367,834USD | -5,824,525USD | -7,365,274USD |
| Interest Expense | 1,250,273USD | 1,158,441USD | 283,042USD | 126,660USD | 505,366USD | 0USD | 0USD |
| Net Interest Income | -1,250,273USD | -1,158,441USD | -378,941USD | -126,660USD | 505,366USD | 22,324USD | 72,353USD |
| Income Before Tax | -7,959,709USD | -30,023,814USD | -24,994,277USD | -14,900,703USD | -12,862,468USD | -5,802,201USD | -7,292,921USD |
| Net Income | -7,959,709USD | -30,023,814USD | -24,994,277USD | -14,900,703USD | -12,862,468USD | -5,779,877USD | -7,292,921USD |
| Net Income From Continuing Ops | -7,959,709USD | -30,023,814USD | -19,732,487USD | -15,205,438USD | -12,862,468USD | -5,802,201USD | -7,292,921USD |
| Ebit | -6,709,436USD | -28,865,373USD | -24,711,235USD | -14,774,043USD | -12,862,463USD | -5,824,524USD | -7,292,921USD |
| Ebitda | -5,667,665USD | -27,680,984USD | -23,576,051USD | -14,056,189USD | -12,318,865USD | -5,251,657USD | -6,871,104USD |
| Depreciation And Amortization | 1,041,771USD | 1,184,389USD | 1,135,184USD | 717,854USD | 543,598USD | 572,867USD | 421,817USD |
| Reconciled Depreciation | 1,041,771USD | 1,184,389USD | 1,121,792USD | 717,854USD | 543,598USD | 595,911USD | 421,817USD |
| Total Other Income Expense Net | 3,297,579USD | -544,147USD | 722,883USD | 178,075USD | 505,366USD | 22,324USD | 72,353USD |
| Selling And Marketing Expenses | — | 804,858USD | 245,607USD | — | — | — | — |
| Income Tax Expense | — | — | -4USD | -178,075USD | -505,366USD | -22,324USD | -72,353USD |
| Net Income Applicable To Common Shares | — | — | — | -14,900,703USD | -12,862,468USD | -7,073,876USD | -7,782,531USD |
| Interest Income | — | — | — | — | 505,366USD | 22,324USD | 72,353USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Quarterly
| Metric | Q2 20262026-06-30 · USD | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 26,768,318USD | 27,342,213USD | 24,520,013USD | 25,445,540USD | 28,909,636USD | 26,285,406USD | 30,236,578USD | 26,556,479USD |
| Cash And Equivalents | 741,324USD | 1,228,879USD | — | — | — | — | — | — |
| Cash And Short Term Investments | 741,324USD | 1,228,879USD | 1,952,464USD | 1,096,909USD | 2,438,962USD | 1,107,613USD | 4,674,572USD | 998,221USD |
| Short Term Investments | 0USD | 0USD | — | — | — | — | — | — |
| Long Term Investments | 4,854,028USD | 4,826,329USD | 1,326,329USD | 1,326,329USD | 3,348,438USD | 1,599,751USD | 1,599,751USD | 1,599,751USD |
| Total Current Assets | 1,140,010USD | 1,721,326USD | 2,284,359USD | 1,588,577USD | 2,897,125USD | 1,894,708USD | 5,698,482USD | 2,094,348USD |
| Other Current Assets | 97,702USD | 119,843USD | 299,720USD | 461,001USD | 436,552USD | 699,602USD | 441,709USD | 444,287USD |
| Other Non Current Assets | 28,476USD | 28,476USD | — | — | — | — | — | — |
| Total Liabilities | 19,340,704USD | 21,579,779USD | — | — | — | — | — | — |
| Total Current Liabilities | 18,648,173USD | 19,958,813USD | 21,062,713USD | 26,860,206USD | 26,846,101USD | 27,142,090USD | 29,628,885USD | 30,063,334USD |
| Total Stockholder Equity | 7,427,614USD | 5,762,434USD | 2,764,769USD | -2,107,197USD | -51,972USD | -8,562,048USD | -6,770,172USD | -9,969,624USD |
| Total Equity Including Noncontrolling Interest | 7,427,614USD | 5,762,434USD | — | — | — | — | — | — |
| Deferred Revenue | 348,270USD | 470,000USD | — | — | — | — | — | — |
| Property Plant Equipment Net | 20,745,804USD | 20,766,082USD | 20,880,849USD | 22,502,158USD | 22,635,596USD | 22,762,471USD | 22,909,869USD | 22,833,904USD |
| Accounts Payable | 10,609,950USD | 11,785,980USD | 13,143,394USD | 18,968,173USD | 19,354,476USD | 19,734,057USD | 22,332,261USD | 22,666,107USD |
| Common Stock | 161USD | 112USD | 328USD | 262USD | 215USD | 4,493USD | 4,454USD | 3,782USD |
| Retained Earnings | -110,262,597USD | -105,043,366USD | -108,515,846USD | -109,235,078USD | -104,680,742USD | -102,753,012USD | -100,556,137USD | -97,182,863USD |
| Other Non Current Liabilities | — | 692,531USD | — | — | — | — | — | — |
| Total Liab | — | — | 21,755,244USD | 27,552,737USD | 28,961,608USD | 34,847,454USD | 37,006,750USD | 36,526,103USD |
| Other Current Liab | — | — | 1,110,104USD | 1,084,602USD | 983,421USD | 1,173,695USD | 981,940USD | 1,056,716USD |
| Capital Stock | — | — | 328USD | 262USD | 215USD | 4,493USD | 4,454USD | 3,782USD |
| Cash | — | — | 1,952,464USD | 1,096,909USD | 2,438,962USD | 1,107,613USD | 4,674,572USD | 998,221USD |
| Net Debt | — | — | 4,856,751USD | 6,403,053USD | 4,349,393USD | 12,832,089USD | 9,017,977USD | 11,805,059USD |
| Short Term Debt | — | — | 6,809,215USD | 6,807,431USD | 6,421,204USD | 6,234,338USD | 6,314,684USD | 6,340,511USD |
| Short Long Term Debt | — | — | 6,809,215USD | 6,807,431USD | 6,421,204USD | 6,234,338USD | 6,314,684USD | 6,340,511USD |
| Short Long Term Debt Total | — | — | 6,809,215USD | 7,499,962USD | 6,788,355USD | 13,939,702USD | 13,692,549USD | 12,803,280USD |
| Net Receivables | — | — | 32,175USD | 30,667USD | 21,611USD | 87,493USD | 582,201USD | 651,840USD |
| Property Plant Equipment Gross | — | — | 25,064,327USD | — | — | — | 26,586,327USD | — |
| Common Stock Shares Outstanding | — | — | 2,097,701shares | 2,260,068shares | 1,780,113shares | 44,675,656shares | 38,793,018shares | 37,823,394shares |
| Non Current Assets Total | — | — | 22,235,654USD | 23,856,963USD | 26,012,511USD | 24,390,698USD | 24,538,096USD | 24,462,131USD |
| Non Current Liabilities Total | — | — | 692,531USD | 692,530USD | 2,115,507USD | 7,705,364USD | 7,377,865USD | 6,462,769USD |
| Non Current Liabilities Other | — | — | 692,531USD | 692,531USD | 1,748,356USD | — | — | — |
| Non Currrent Assets Other | — | — | 28,476USD | 28,476USD | 28,477USD | 28,476USD | 28,476USD | 28,476USD |
| Net Working Capital | — | — | -18,778,354USD | -25,271,629USD | -23,948,976USD | -25,247,382USD | -23,930,403USD | -27,968,986USD |
| Unclassified Current Liabilities | — | — | -6,809,215USD | -6,807,431USD | -6,334,204USD | -6,234,338USD | -6,314,684USD | -6,340,511USD |
| Unclassified Equity | — | — | 111,279,959USD | 107,127,357USD | 104,628,340USD | 94,181,978USD | 93,777,057USD | 87,205,675USD |
| Long Term Debt | — | — | — | — | 367,151USD | 7,705,364USD | 7,377,865USD | 6,462,769USD |
| Source | DisclosureDeterministicFinal | DisclosureDeterministicAmendment | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD | FY 20202020-12-31 · USD | FY 20192019-12-31 · USD |
|---|---|---|---|---|---|---|---|
| Total Assets | 24,520,013USD | 30,236,578USD | 28,513,660USD | 46,809,155USD | 53,514,829USD | 15,398,086USD | 10,066,011USD |
| Other Current Assets | 299,720USD | 441,709USD | 1,273,329USD | 196,015USD | 1,436,617USD | 1,192,834USD | 674,322USD |
| Total Liab | 21,755,244USD | 37,006,750USD | 15,051,943USD | 9,380,649USD | 2,321,589USD | 1,001,084USD | 1,066,144USD |
| Total Stockholder Equity | 2,764,769USD | -6,770,172USD | 13,461,717USD | 37,428,506USD | 51,193,240USD | 14,397,002USD | 8,999,867USD |
| Other Current Liab | 1,110,104USD | 981,940USD | 2,580,402USD | 1,730,325USD | 2,097,925USD | 278,430USD | 673,813USD |
| Common Stock | 328USD | 4,454USD | 3,603USD | 3,588USD | 3,577USD | 1,118USD | 472USD |
| Capital Stock | 328USD | 4,454USD | 3,603USD | 3,588USD | 3,577USD | 31,115,879USD | 18,676,633USD |
| Retained Earnings | -108,515,846USD | -100,556,137USD | -70,532,323USD | -45,538,046USD | -30,637,343USD | -16,719,515USD | -9,676,766USD |
| Cash | 1,952,464USD | 4,674,572USD | 3,595,101USD | 22,326,356USD | 11,730,677USD | 8,455,834USD | 7,355,834USD |
| Cash And Short Term Investments | 1,952,464USD | 4,674,572USD | 3,595,101USD | 32,062,286USD | 36,714,197USD | 8,455,834USD | 7,355,834USD |
| Total Current Assets | 2,284,359USD | 5,698,482USD | 6,404,187USD | 34,070,919USD | 40,480,371USD | 12,148,668USD | 8,030,156USD |
| Total Current Liabilities | 21,062,713USD | 29,628,885USD | 8,747,625USD | 2,956,481USD | 2,321,589USD | 1,001,084USD | 1,066,144USD |
| Net Debt | 4,856,751USD | 9,017,977USD | 2,709,217USD | -15,916,463USD | -11,730,677USD | -7,888,523USD | -7,355,834USD |
| Short Term Debt | 6,809,215USD | 6,314,684USD | 28,500USD | 6,409,893USD | 1,800,000USD | 567,311USD | — |
| Short Long Term Debt | 6,809,215USD | 6,314,684USD | — | — | — | — | — |
| Short Long Term Debt Total | 6,809,215USD | 13,692,549USD | 6,304,318USD | 6,409,893USD | — | 567,311USD | — |
| Long Term Investments | 1,326,329USD | 1,599,751USD | 1,599,751USD | 1,599,751USD | 11,522,050USD | 1,599,750USD | 0USD |
| Net Receivables | 32,175USD | 582,201USD | 1,535,757USD | 417,695USD | 133,000USD | 2,500,000USD | — |
| Accounts Payable | 13,143,394USD | 22,332,261USD | 6,167,223USD | 1,226,156USD | 223,664USD | 155,343USD | 392,331USD |
| Property Plant Equipment Net | 20,880,849USD | 22,909,869USD | 20,453,184USD | 10,804,610USD | 1,119,090USD | 1,615,426USD | 2,001,613USD |
| Property Plant Equipment Gross | 25,064,327USD | 26,586,327USD | 23,485,025USD | 10,804,610USD | 2,766,704USD | 1,615,426USD | 2,001,613USD |
| Common Stock Shares Outstanding | 2,097,701shares | 38,793,018shares | 35,929,446shares | 35,822,249shares | 35,768,264shares | 36,700,520shares | 36,700,520shares |
| Non Current Assets Total | 22,235,654USD | 24,538,096USD | 22,109,473USD | 12,738,236USD | 13,034,458USD | 3,249,417USD | 2,035,855USD |
| Non Current Liabilities Total | 692,531USD | 7,377,865USD | 6,304,318USD | 6,424,168USD | 223,664USD | 155,343USD | 392,331USD |
| Non Current Liabilities Other | 692,531USD | — | — | 14,275USD | — | — | — |
| Non Currrent Assets Other | 28,476USD | 28,476USD | 56,538USD | 333,875USD | 393,318USD | 34,241USD | 34,242USD |
| Net Working Capital | -18,778,354USD | -23,930,403USD | -2,343,438USD | 31,114,438USD | 38,158,782USD | 11,147,584USD | 6,964,012USD |
| Unclassified Current Liabilities | -6,809,215USD | -6,314,684USD | — | -6,409,893USD | -3,600,000USD | — | — |
| Unclassified Equity | 111,279,959USD | 93,777,057USD | 83,986,834USD | 82,959,376USD | 135,338,258USD | — | — |
| Long Term Debt | — | 7,377,865USD | 6,304,318USD | 6,409,893USD | — | — | — |
| Short Term Investments | — | — | 0USD | 9,735,930USD | 24,983,520USD | 0USD | — |
| Other Assets | — | — | — | 333,875USD | 393,318USD | 34,242USD | 34,242USD |
| Inventory | — | — | — | 1,394,923USD | 2,196,557USD | 538,306USD | — |
| Net Tangible Assets | — | — | — | 37,428,506USD | 51,193,240USD | -16,718,397USD | -9,676,294USD |
| Current Deferred Revenue | — | — | — | — | 1,800,000USD | -567,311USD | — |
| Accumulated Other Comprehensive Income | — | — | — | — | -53,514,829USD | -1,118USD | -1,100USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow Quarterly
| Metric | Q2 20262026-06-30 · USD | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Depreciation | 127,095USD | 142,049USD | 156,940USD | 173,905USD | 291,916USD | 419,010USD | 682,507USD | 128,449USD |
| Stock Based Compensation | 1,220USD | 10,019USD | 9,182USD | 205,492USD | 278,307USD | 275,642USD | 292,071USD | 232,434USD |
| Change To Account Receivables | 56,393USD | -42,669USD | -1,508USD | -9,056USD | 65,882USD | 494,708USD | 69,639USD | 3,133USD |
| Change To Liabilities | -779,506USD | -1,341,879USD | — | — | — | — | — | — |
| Change In Working Capital | -835,174USD | -1,032,431USD | -361,653USD | -213,432USD | -44,973USD | -2,161,633USD | -436,186USD | 614,934USD |
| Operating Cash Flow | -3,966,138USD | -1,575,226USD | — | — | — | — | — | — |
| Financing Cash Flow | 3,478,583USD | 851,641USD | — | — | — | — | — | — |
| Change In Cash | -487,555USD | -723,585USD | 855,555USD | -1,342,053USD | 1,331,349USD | -3,566,959USD | 3,676,351USD | -163,093USD |
| End Cash Flow | 741,324USD | 1,228,879USD | — | — | — | — | — | — |
| Net Income | — | — | 719,232USD | -4,554,336USD | -1,927,731USD | -2,196,875USD | -3,373,273USD | -3,902,288USD |
| Other Non Cash Items | — | — | -3,879,218USD | 1,353,922USD | -1,879,822USD | 150,000USD | 292,071USD | 232,434USD |
| Total Cash From Operating Activities | — | — | -3,355,517USD | -3,239,941USD | -3,282,303USD | -3,513,856USD | -2,834,881USD | -2,926,471USD |
| Capital Expenditures | — | — | 0USD | -1USD | 0USD | -4USD | -113,412USD | -37,063USD |
| Free Cash Flow | — | — | -3,355,517USD | -3,239,940USD | -3,282,303USD | -3,513,856USD | -2,948,293USD | -2,963,534USD |
| Net Borrowings | — | — | -32,847USD | -31,391USD | 119,075USD | -32,460USD | 343,990USD | 2,800,441USD |
| Total Cash From Financing Activities | — | — | 4,211,072USD | 1,897,888USD | 4,613,652USD | -53,103USD | 6,624,644USD | 2,800,441USD |
| Issuance Of Capital Stock | — | — | 4,565,299USD | -1,830,115USD | 5,297,179USD | 1,654USD | 3,960,574USD | 0USD |
| Begin Period Cash Flow | — | — | 1,096,909USD | 2,438,962USD | 1,107,613USD | 4,674,572USD | 998,221USD | 1,161,314USD |
| End Period Cash Flow | — | — | 1,952,464USD | 1,096,909USD | 2,438,962USD | 1,107,613USD | 4,674,572USD | 998,221USD |
| Other Cashflows From Financing Activities | — | — | -321,380USD | 1,897,888USD | 3,845,191USD | -22,297USD | 2,320,080USD | -37,063USD |
| Investments | — | — | — | 0USD | 0USD | 0USD | -113,412USD | -37,063USD |
| Unclassified Financing Cash Flow | — | — | — | 1,861,506USD | -4,647,793USD | — | — | — |
| Total Cashflows From Investing Activities | — | — | — | — | — | — | -113,412USD | -37,063USD |
| Source | DisclosureDeterministicFinal | DisclosureDeterministicAmendment | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow YTD
| Metric | Q2 20262026-06-30 · USD |
|---|---|
| Depreciation | 269,144USD |
| Stock Based Compensation | 11,239USD |
| Other Non Cash Items | 483,383USD |
| Change To Account Receivables | 13,724USD |
| Change To Liabilities | -2,121,385USD |
| Change In Working Capital | -1,867,605USD |
| Operating Cash Flow | -5,541,364USD |
| Financing Cash Flow | 4,330,224USD |
| Change In Cash | -1,211,140USD |
| End Cash Flow | 741,324USD |
| Source | DisclosureDeterministicFinal |
Cash flow Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD | FY 20202020-12-31 · USD | FY 20192019-12-31 · USD |
|---|---|---|---|---|---|---|---|
| Net Income | -7,959,709USD | -30,023,814USD | -24,994,277USD | -14,900,703USD | -12,862,468USD | -5,802,201USD | -7,292,921USD |
| Depreciation | 1,041,771USD | 1,184,389USD | 1,135,184USD | 717,854USD | 543,598USD | 572,868USD | 421,817USD |
| Stock Based Compensation | 768,623USD | 1,009,011USD | 1,003,749USD | 1,120,191USD | 360,975USD | 21,875USD | 1,763USD |
| Other Non Cash Items | -4,460,611USD | -418USD | 4,984,259USD | 188,459USD | 28,256USD | 23,043USD | 79,003USD |
| Change To Account Receivables | 550,026USD | 953,556USD | -1,118,061USD | -284,695USD | 2,367,000USD | -2,500,000USD | -2,500,000USD |
| Change In Working Capital | -2,781,691USD | 13,603,404USD | -4,643,036USD | 2,488,089USD | 1,455,401USD | -5,246,911USD | 104,173USD |
| Total Cash From Operating Activities | -13,391,617USD | -14,227,428USD | -22,514,121USD | -10,386,110USD | -10,975,717USD | -10,431,326USD | -6,765,168USD |
| Capital Expenditures | 0USD | -261,617USD | -6,202,600USD | -10,275,128USD | -47,263USD | -186,682USD | -1,460,255USD |
| Free Cash Flow | -13,391,617USD | -14,489,045USD | -28,716,721USD | -20,661,238USD | -11,022,980USD | -10,618,008USD | -8,225,423USD |
| Net Borrowings | 22,377USD | 6,785,602USD | -38,273USD | 6,448,166USD | 6,448,166USD | 563,590USD | 563,590USD |
| Total Cash From Financing Activities | 10,669,509USD | 15,568,516USD | -14,534USD | 6,273,397USD | 49,269,475USD | 11,718,008USD | 13,446,680USD |
| Issuance Of Capital Stock | 8,034,017USD | 6,462,834USD | 15,528USD | 15,778USD | 56,029,528USD | 11,154,418USD | 13,446,680USD |
| Change In Cash | -2,722,108USD | 1,079,471USD | -18,731,255USD | 10,595,679USD | 3,274,843USD | 1,100,000USD | 5,221,421USD |
| Begin Period Cash Flow | 4,674,572USD | 3,595,101USD | 22,326,356USD | 11,730,677USD | 8,455,834USD | 7,355,834USD | 2,134,413USD |
| End Period Cash Flow | 1,952,464USD | 4,674,572USD | 3,595,101USD | 22,326,356USD | 11,730,677USD | 8,455,834USD | 7,355,834USD |
| Other Cashflows From Financing Activities | -1,209,779USD | 2,320,080USD | 3,797,400USD | -190,547USD | -3,937,972USD | 11,144,520USD | 13,386,391USD |
| Unclassified Financing Cash Flow | 3,822,894USD | — | -3,789,189USD | — | -6,448,166USD | -11,144,520USD | -13,949,981USD |
| Investments | — | -261,617USD | 7,444,363USD | 24,983,520USD | -34,971,652USD | -186,682USD | -1,460,091USD |
| Total Cashflows From Investing Activities | — | -261,617USD | 3,797,400USD | 14,708,392USD | -35,018,915USD | -186,682USD | -1,460,091USD |
| Unclassified Investing Cash Flow | — | — | 2,555,637USD | -24,983,520USD | 34,971,652USD | — | 1,460,091USD |
| Change To Liabilities | — | — | — | 418,208USD | 1,887,816USD | -628,647USD | 766,394USD |
| Sale Purchase Of Stock | — | — | — | -174,769USD | — | — | — |
| Cash And Cash Equivalents Changes | — | — | — | 10,595,679USD | — | — | — |
| Other Cashflows From Investing Activities | — | — | — | 24,983,520USD | -34,971,652USD | — | 164USD |
| Dividends Paid | — | — | — | — | -2,822,081USD | — | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Operating metrics
No operating metrics are currently published for this company.
Revenue breakdown
No revenue breakdown is currently published for this company.
Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.