The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-60.2%
MissProfitable every yearSteady profits, not one good year.1 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$12K
MissShare count not growingNot diluting owners. Falling means buybacks.+29.5% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.93.1%
Revenue
$12.5M
-25.2% vs prior year
5-year growth
-11.7%/yr
revenue, per year
Total debt
$27.1M
Current ratio
0.11x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 14
Revenue
$6.3M
+124.3% YoY
EPS
$0.02
vs -$0.02
Op. margin
60.0%
+73.1 pts
Gross margin
94.6%
-0.1 pts
Free cash flow
$1.7M
Share count
+88.7%
vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
0.2
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+9.4%
Cash runwayAt last year's cash burn
3063 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
70M
Why elevated risk
Losing money, losses are large next to sales
Share count growing 9.4% a year
Owes more than it owns (negative equity)
Bills due within a year exceed short-term assets
Revenue down 25.2% from the year before
Earnings reports
Last 12
Next reportAround Nov 13 (est.)Estimated from the same quarter last year
Results filedAug 14
Results filedMay 15
Results filedMar 31
Results filedNov 14, 2025
Results filedAug 14, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
BoughtWillis C LeeCEO, Director
530,767 shares at $0.03 avg ($0.01 to $0.06) · $18K