| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28.5K | $17.0K | $8.6K | 68.3% | 233.9% |
| Op. Income | -$2M | -$2M | -$2M | 5.8% | 13.0% |
| Gross Margin | -211.7% | -68.7% | -798.2% | -143.0pp | 586.5pp |
| Net Margin | -7081.3% | -12177.3% | -19776.2% | 5096.0pp | 12694.9pp |
| EPS (Diluted) | $-0.62 | $-1.17 | $-1.37 | 47.0% | 54.7% |
| Free Cash Flow | -$2M | -$2M | -$2M | 1.2% | 12.8% |
| Item | Amount |
|---|---|
| REVENUE | $28.5K |
| Cost of Revenue | $89.0K |
| GROSS PROFIT | -$60.4K |
| R&D Expenses | $620.6K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1M |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $12.3K |
| Other Income/Expenses | -$54.0K |
| 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 | $23.8K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $162.9K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $250.4K |
| Change in Working Capital | -$151.6K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$29.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$75.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$104.5K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$860.8K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $442.4K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $9.5K |
| Long-Term Investments | $144.1K |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $6M |
| Account Payables | $404.4K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11.5K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $965.1K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $348 |
| Additional Paid-In Capital | $500M |
| Retained Earnings | -$497M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $12.7K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $2M |
| Net Debt | -$478.1K |
