| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $336.9K | $602.2K | $436.9K | -44.1% | -22.9% |
| Op. Income | -$3M | -$426.5K | -$279.7K | -573.9% | -927.5% |
| Gross Margin | -552.8% | 33.9% | 16.6% | -586.7pp | -569.4pp |
| Net Margin | -749.7% | -48.0% | -47.1% | -701.6pp | -702.6pp |
| EPS (Diluted) | $-0.18 | $-0.02 | $-0.02 | -765.4% | -852.4% |
| Free Cash Flow | -$2M | -$696.8K | -$267.0K | -122.8% | -481.6% |
| Item | Amount |
|---|---|
| REVENUE | $336.9K |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1M |
| Operating Expenses | $1M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $228.4K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$120.4K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $55.3K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $55.3K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$472.6K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$391.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$391.5K |
| Net Debt Issuance | -$184.4K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $23M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $23.7K |
| Inventory | $36.0K |
| Other Current Assets | $75.6K |
| TOTAL CURRENT ASSETS | $30M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $251.6K |
| Other Non-Current Assets | $725.4K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $35M |
| Account Payables | $254.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $126.5K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $844.5K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $55.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $548.0K |
| TOTAL LIABILITIES | $1M |
| Common Stock | $14.6K |
| Additional Paid-In Capital | $37M |
| Retained Earnings | -$4M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $34M |
| Minority Interest | $0 |
| TOTAL EQUITY | $34M |
| TOTAL LIABILITIES & EQUITY | $35M |
| Total Debt | $693.8K |
| Net Debt | -$29M |
