| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $3M | -18.2% | -29.7% |
| Op. Income | -$747.8K | $480.6K | -$798.3K | -255.6% | 6.3% |
| Gross Margin | 27.2% | 6.7% | 5.7% | 20.6pp | 21.5pp |
| Net Margin | -4.3% | 56.0% | -21.8% | -60.3pp | 17.5pp |
| EPS (Diluted) | $-0.00 | $0.06 | $-0.03 | -106.4% | 86.0% |
| Free Cash Flow | $204.0K | -$1M | $707.0K | 115.9% | -71.1% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $488.3K |
| R&D Expenses | $14.6K |
| Selling & Marketing | $404.1K |
| General & Administrative | $817.4K |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$747.8K |
| Interest Income | $318 |
| Interest Expense | $16.5K |
| Other Income/Expenses | $674.9K |
| INCOME BEFORE TAX | -$72.9K |
| Income Tax Expense | $4.3K |
| Net Income from Continuing Ops | -$77.2K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$77.2K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$77.2K |
| D&A | $0 |
| EBIT | -$56.4K |
| EBITDA | -$56.4K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$77.2K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$169.1K |
| Change in Working Capital | $246.3K |
| OPERATING CASH FLOW | $204.0K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$220.0K |
| NET CASH FROM INVESTING | -$220.0K |
| Net Debt Issuance | $220.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $220.0K |
| FREE CASH FLOW | $204.0K |
| Net Change in Cash | -$97.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $261.5K |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $2M |
| Other Current Assets | $316.9K |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $18M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$18M |
| TOTAL NON-CURRENT ASSETS | $51.8K |
| TOTAL ASSETS | $7M |
| Account Payables | $8M |
| Short-Term Debt | $838.2K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $75.3K |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17.1K |
| TOTAL NON-CURRENT LIABILITIES | $17.1K |
| TOTAL LIABILITIES | $9M |
| Common Stock | $80.0K |
| Additional Paid-In Capital | $64.7K |
| Retained Earnings | -$3M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5.8K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2M |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $838.2K |
| Net Debt | $576.7K |
