| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | — | $3M | — | -58.9% |
| Op. Income | -$3M | — | -$2M | — | -80.6% |
| Gross Margin | 51.3% | — | 75.1% | — | -23.8pp |
| Net Margin | 544.4% | — | 216.7% | — | 327.7pp |
| EPS (Diluted) | $0.15 | — | $0.17 | — | -11.8% |
| Free Cash Flow | -$583.6K | — | -$251.0K | — | -132.5% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $573.6K |
| GROSS PROFIT | $603.8K |
| R&D Expenses | $753.2K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$3M |
| Interest Income | $52.5K |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $98.3K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $98.3K |
| Stock-Based Compensation | $355.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$583.6K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $33.0K |
| FREE CASH FLOW | -$583.6K |
| Net Change in Cash | -$550.6K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $31.4K |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $908.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $160.5K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $8M |
| Account Payables | $339.5K |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $43M |
| TOTAL LIABILITIES | $48M |
| Common Stock | $3.2K |
| Additional Paid-In Capital | $29M |
| Retained Earnings | -$69M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10.9K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$40M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$40M |
| TOTAL LIABILITIES & EQUITY | $8M |
| Total Debt | $966.9K |
| Net Debt | -$5M |
