| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$523.9K | -$39.3K | -$520.0K | -1234.6% | -0.7% |
| EPS (Diluted) | $-0.02 | $-0.02 | $-0.01 | 9.1% | -62.6% |
| Free Cash Flow | -$20.4K | -$59.3K | -$49.7K | 65.5% | 58.8% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $236.0K |
| Selling & Marketing | $0 |
| General & Administrative | $260.6K |
| SG&A Expenses | $260.6K |
| Other Expenses | $27.3K |
| Operating Expenses | $523.9K |
| Cost & Expenses | $523.9K |
| OPERATING INCOME | -$523.9K |
| Interest Income | $448 |
| Interest Expense | $0 |
| Other Income/Expenses | $137.0K |
| INCOME BEFORE TAX | -$386.9K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$386.9K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$386.9K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$386.9K |
| D&A | $48.0K |
| EBIT | -$523.9K |
| EBITDA | -$475.9K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$386.9K |
| Depreciation & Amortization | $48.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $327.6K |
| Change in Working Capital | -$9.1K |
| OPERATING CASH FLOW | -$20.4K |
| Capital Expenditure | -$59 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$59 |
| Net Debt Issuance | $14.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $14.9K |
| FREE CASH FLOW | -$20.4K |
| Net Change in Cash | -$12.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $306.1K |
| Inventory | $9.3K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $42.8K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $356.0K |
| TOTAL NON-CURRENT ASSETS | $398.8K |
| TOTAL ASSETS | $6M |
| Account Payables | $641.6K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $191.0K |
| TOTAL NON-CURRENT LIABILITIES | $193.9K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $21.6K |
| Additional Paid-In Capital | $21M |
| Retained Earnings | -$20M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $30.9K |
| Net Debt | -$3M |
