| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $418.0K | — | $361.0K | — | 15.8% |
| Op. Income | -$800.2K | — | -$2M | — | 57.7% |
| Gross Margin | 34.7% | — | 6.7% | — | 28.0pp |
| Net Margin | -197.5% | — | -519.0% | — | 321.5pp |
| EPS (Diluted) | $-0.17 | — | $-0.39 | — | 56.4% |
| Item | Amount |
|---|---|
| REVENUE | $418.0K |
| Cost of Revenue | $272.9K |
| GROSS PROFIT | $145.1K |
| R&D Expenses | $131.1K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $814.2K |
| Other Expenses | $0 |
| Operating Expenses | $945.2K |
| Cost & Expenses | $1M |
| OPERATING INCOME | -$800.2K |
| Interest Income | $4.2K |
| Interest Expense | $29.5K |
| Other Income/Expenses | -$25.4K |
| INCOME BEFORE TAX | -$825.5K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$825.5K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$825.5K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$825.5K |
| D&A | $19.2K |
| EBIT | -$800.2K |
| EBITDA | -$780.9K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $136.9K |
| Inventory | $54.8K |
| Other Current Assets | $229.3K |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $718.0K |
| Goodwill | $0 |
| Intangible Assets | $479.8K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $475.8K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $3M |
| Account Payables | $628.4K |
| Short-Term Debt | $173.3K |
| Deferred Revenue | $508.8K |
| Other Current Liabilities | $681.6K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $986.5K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$383.6K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $3M |
| Common Stock | $49.2K |
| Additional Paid-In Capital | $32M |
| Retained Earnings | -$32M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $108.5K |
| Minority Interest | $0 |
| TOTAL EQUITY | $108.5K |
| TOTAL LIABILITIES & EQUITY | $3M |
| Total Debt | $2M |
| Net Debt | $550.9K |
