| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $552.0K | — | $404.2K | — | 36.6% |
| Op. Income | -$7M | — | -$128.7K | — | -5057.3% |
| Gross Margin | -928.2% | — | 58.3% | — | -986.5pp |
| Net Margin | -1492.0% | — | -7.5% | — | -1484.5pp |
| EPS (Diluted) | $-0.50 | — | $-0.00 | — | -12424.0% |
| Free Cash Flow | -$1M | — | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $552.0K |
| Cost of Revenue | $6M |
| GROSS PROFIT | -$5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $217.5K |
| Operating Expenses | $2M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $56.3K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$135.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $151.3K |
| EBIT | -$8M |
| EBITDA | -$8M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $152.3K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$208.4K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$100.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$100.1K |
| Net Debt Issuance | $268.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$115.7K |
| NET CASH FROM FINANCING | $152.4K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $142.7K |
| Inventory | $0 |
| Other Current Assets | $13.7K |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $227.6K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $118.9K |
| TOTAL NON-CURRENT ASSETS | $346.5K |
| TOTAL ASSETS | $4M |
| Account Payables | $46.4K |
| Short-Term Debt | $581.4K |
| Deferred Revenue | $264.2K |
| Other Current Liabilities | $369.5K |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $57.5K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$57.5K |
| TOTAL NON-CURRENT LIABILITIES | $57.5K |
| TOTAL LIABILITIES | $1M |
| Common Stock | $1.6K |
| Additional Paid-In Capital | $12M |
| Retained Earnings | -$11M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $4M |
| Total Debt | $696.4K |
| Net Debt | -$3M |
