| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.5K | $90.7K | $0 | -91.8% | — |
| Op. Income | -$2M | -$5M | -$805.4K | 63.6% | -104.9% |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -30020.7% | -5169.4% | — | -24851.3pp | — |
| EPS (Diluted) | $-0.07 | $-0.15 | $-0.03 | 53.3% | -154.5% |
| Free Cash Flow | -$1M | -$3M | -$605.5K | 61.1% | -112.1% |
| Item | Amount |
|---|---|
| REVENUE | $7.5K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $7.5K |
| R&D Expenses | $179.9K |
| Selling & Marketing | $107.5K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $580.0K |
| Other Income/Expenses | -$586.3K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $13.9K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $13.9K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $724.4K |
| Change in Working Capital | $254.3K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$40.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | -$74.7K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $209.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $816.7K |
| Short-Term Investments | $0 |
| Net Receivables | $4.9K |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $9M |
| PP&E (Net) | $226.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $274.4K |
| TOTAL NON-CURRENT ASSETS | $500.4K |
| TOTAL ASSETS | $10M |
| Account Payables | $707.1K |
| Short-Term Debt | $38.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $35.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.8K |
| TOTAL NON-CURRENT LIABILITIES | $38.8K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $6.8K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$25M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $30M |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $10M |
| Total Debt | $73.0K |
| Net Debt | -$743.7K |
