The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-30.7%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissProfitable every yearSteady profits, not one good year.2 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$20.8M
MissShare count not growingNot diluting owners. Falling means buybacks.+351.7% in 3 years
Total debt
None
0.00x equity
Free cash flow
-$20.8M
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: net margin 10%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Jul 30
EPS
-$0.38
vs -$0.40
Free cash flow
-$1.2M
Some values are worked out from year-to-date totals in the annual report.
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
90/ 100
This week
5
Normal week
0.5
vs normal
9.2x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-0.1%
Institutions cut 0.1% from their holdings. 9 bought, 15 sold. 3 quarters of net selling in a row.
Shares held by institutions5.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+65.3%
Cash runwayAt last year's cash burn
8 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
30M
Why high risk
Losing money, losses are large next to sales
About 8 months of cash left at its current burn
Share count growing 65.3% a year (dilution)
1 offering filing in 6 months (may sell new shares)
Auditor change
Earnings reports
Last 12
Next reportIn 1 days (est.)Estimated from the same quarter last year
Results filedJul 30
Results filedMay 13
Results filedFeb 17
Results filedMay 13, 2025
Results filedFeb 12, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days