| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $90.7K | $0 | $0 | — | — |
| Op. Income | -$5M | -$2M | -$1M | -129.6% | -206.2% |
| Gross Margin | 100.0% | — | — | — | — |
| Net Margin | -5169.4% | — | — | — | — |
| EPS (Diluted) | $-0.15 | $-0.07 | $-0.05 | -127.3% | -197.6% |
| Free Cash Flow | -$3M | -$549.5K | -$751.5K | -500.1% | -338.8% |
| Item | Amount |
|---|---|
| REVENUE | $90.7K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $90.7K |
| R&D Expenses | $293.5K |
| Selling & Marketing | $49.6K |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $194.2K |
| Other Income/Expenses | -$151.1K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $9.7K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $9.7K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $192.0K |
| Change in Working Capital | -$261.6K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$45.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$45.0K |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$124.7K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $312.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $607.5K |
| Short-Term Investments | $0 |
| Net Receivables | $89.1K |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $8M |
| PP&E (Net) | $126.6K |
| Goodwill | $0 |
| Intangible Assets | $273.1K |
| Long-Term Investments | $5.2K |
| Tax Assets | $0 |
| Other Non-Current Assets | -$3.7K |
| TOTAL NON-CURRENT ASSETS | $401.2K |
| TOTAL ASSETS | $8M |
| Account Payables | $725.1K |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $6.1K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6.1K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $7.1K |
| Additional Paid-In Capital | $26M |
| Retained Earnings | -$23M |
| Treasury Stock | -$500 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$5.2K |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $8M |
| Total Debt | $4M |
| Net Debt | $4M |
