| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $344.4K | $26.6K | $0 | 1196.2% | — |
| Op. Income | -$2M | -$2M | -$1M | 10.9% | -53.4% |
| Gross Margin | 22.9% | -106.7% | — | 129.6pp | — |
| Net Margin | -42.2% | -10792.0% | — | 10749.8pp | — |
| EPS (Diluted) | $-0.09 | $-1.85 | $-26.30 | 95.3% | 99.7% |
| Free Cash Flow | -$2M | -$3M | -$1M | 19.0% | -65.9% |
| Item | Amount |
|---|---|
| REVENUE | $344.4K |
| Cost of Revenue | $265.4K |
| GROSS PROFIT | $79.0K |
| R&D Expenses | $233.2K |
| Selling & Marketing | $46.5K |
| General & Administrative | $138.5K |
| SG&A Expenses | $185.0K |
| Other Expenses | $2M |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $971.3K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$145.5K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$145.5K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$145.5K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$145.5K |
| D&A | $275.4K |
| EBIT | $825.9K |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$145.5K |
| Depreciation & Amortization | $275.4K |
| Stock-Based Compensation | $127.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$552.5K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$145.0K |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $862.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $201.0K |
| Inventory | $42.5K |
| Other Current Assets | $293.3K |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $4M |
| Goodwill | $2M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $50.1K |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $17M |
| Account Payables | $964.8K |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $986.9K |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $41.7K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $10M |
| Common Stock | $65M |
| Additional Paid-In Capital | $3M |
| Retained Earnings | -$61M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $44.2K |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $17M |
| Total Debt | $5M |
| Net Debt | $3M |
