| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.0K | $0 | $22.0K | — | -50.0% |
| Op. Income | -$6M | -$5M | -$5M | -10.2% | -20.7% |
| Gross Margin | -1063.6% | — | 86.4% | — | -1150.0pp |
| Net Margin | -50663.6% | — | -20886.4% | — | -29777.3pp |
| EPS (Diluted) | $-0.18 | $-0.16 | $-0.17 | -12.5% | -5.9% |
| Free Cash Flow | -$3M | -$4M | -$3M | 4.0% | -16.8% |
| Item | Amount |
|---|---|
| REVENUE | $11.0K |
| Cost of Revenue | $128.0K |
| GROSS PROFIT | -$117.0K |
| R&D Expenses | $3M |
| Selling & Marketing | $207.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$6M |
| Interest Income | $232.0K |
| Interest Expense | $12.0K |
| Other Income/Expenses | $220.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $11.0K |
| EBIT | -$6M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $299.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $570.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$13.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13.0K |
| Net Debt Issuance | -$299.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $0 |
| Net Receivables | $201.0K |
| Inventory | $0 |
| Other Current Assets | $517.0K |
| TOTAL CURRENT ASSETS | $21M |
| PP&E (Net) | $887.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14.0K |
| TOTAL NON-CURRENT ASSETS | $901.0K |
| TOTAL ASSETS | $22M |
| Account Payables | $617.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $144.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $3M |
| Common Stock | $32.0K |
| Additional Paid-In Capital | $256M |
| Retained Earnings | -$237M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19M |
| Minority Interest | $0 |
| TOTAL EQUITY | $19M |
| TOTAL LIABILITIES & EQUITY | $22M |
| Total Debt | $794.0K |
| Net Debt | -$20M |
