| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $50.2K | $13.3K | — | 278.4% | — |
| Op. Income | -$4M | -$7M | — | 35.8% | — |
| Gross Margin | 7.1% | -11334.2% | — | 11341.3pp | — |
| Net Margin | -8774.1% | -65375.1% | — | 56601.1pp | — |
| EPS (Diluted) | $-0.05 | $-0.10 | — | 47.8% | — |
| Free Cash Flow | $0 | $0 | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $50.2K |
| Cost of Revenue | $46.6K |
| GROSS PROFIT | $3.6K |
| R&D Expenses | $385.5K |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $1M |
| Operating Expenses | $4M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$4M |
| Interest Income | $9.9K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $1M |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$536.4K |
| Capital Expenditure | $536.4K |
| Acquisitions (Net) | -$303.8K |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$874.0K |
| NET CASH FROM INVESTING | $96.8K |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $0 |
| Net Change in Cash | -$188.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $18.2K |
| Inventory | $1M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $9M |
| PP&E (Net) | $37M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $154M |
| TOTAL NON-CURRENT ASSETS | $192M |
| TOTAL ASSETS | $201M |
| Account Payables | $10M |
| Short-Term Debt | $46M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $84M |
| Long-Term Debt | $158M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $213M |
| TOTAL LIABILITIES | $296M |
| Common Stock | $8.5K |
| Additional Paid-In Capital | $194M |
| Retained Earnings | -$288M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$93M |
| Minority Interest | -$2M |
| TOTAL EQUITY | -$95M |
| TOTAL LIABILITIES & EQUITY | $201M |
| Total Debt | $234M |
| Net Debt | $232M |
