Item 8. Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data
Financial Statements
The consolidated financial statements and related information as listed below for the fiscal year ended July 31, 2025, are included in this Annual Report beginning on page F-1:
●
Reports of Independent Registered Public Accounting Firm (PCAOB ID 271);
●
Consolidated Balance Sheets;
●
Consolidated Statements of Operations and Comprehensive Loss;
●
Consolidated Statements of Cash Flows;
●
Consolidated Statements of Stockholders’ Equity; and
●
Notes to the Consolidated Financial Statements.
91
Table of Contents
Supplementary Financial Information
The selected unaudited financial data for each of the quarters for the two most recent fiscal years are presented below:
For the Quarters Ended
July 31, 2025
April 30, 2025
January 31, 2025
October 31, 2024
Sales and service revenue
$
-
$
-
$
49,750
$
17,087
Gross profit
-
-
18,226
6,251
Net loss
(27,052
)
(30,212
)
(10,234
)
(20,158
)
Total comprehensive loss
(27,559
)
(19,796
)
(19,003
)
(21,886
)
Basic and diluted loss per share
(0.06
)
(0.07
)
(0.02
)
(0.05
)
Total assets
1,107,653
1,007,810
981,957
917,798
For the Quarters Ended
July 31, 2024
April 30, 2024
January 31, 2024
October 31, 2023
Sales and service revenue
$
-
$
-
$
116
$
108
Gross profit
-
-
19
18
Net income (loss)
(15,115
)
(19,677
)
2,250
3,321
Total comprehensive income (loss)
(16,169
)
(25,527
)
9,982
(7,728
)
Basic and diluted income (loss) per share
(0.04
)
(0.05
)
0.01
0.01
Total assets
889,828
878,268
878,878
798,129
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.