| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $226.8K | — | $211.2K | — | 7.4% |
| Op. Income | -$522.7K | — | -$738.0K | — | 29.2% |
| Gross Margin | 76.6% | — | 97.2% | — | -20.6pp |
| Net Margin | -129.4% | — | -351.5% | — | 222.1pp |
| EPS (Diluted) | $-0.02 | — | $-0.03 | — | 33.8% |
| Free Cash Flow | -$244.9K | — | -$432.2K | — | 43.3% |
| Item | Amount |
|---|---|
| REVENUE | $226.8K |
| Cost of Revenue | $53.1K |
| GROSS PROFIT | $173.7K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $696.4K |
| Operating Expenses | $696.4K |
| Cost & Expenses | $749.5K |
| OPERATING INCOME | -$522.7K |
| Interest Income | $1.5K |
| Interest Expense | $642 |
| Other Income/Expenses | $231.6K |
| INCOME BEFORE TAX | -$291.1K |
| Income Tax Expense | $2.4K |
| Net Income from Continuing Ops | -$293.5K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$293.5K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$293.5K |
| D&A | $6.2K |
| EBIT | -$290.5K |
| EBITDA | -$284.3K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$293.5K |
| Depreciation & Amortization | $6.2K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7.2K |
| Change in Working Capital | $43.9K |
| OPERATING CASH FLOW | -$236.3K |
| Capital Expenditure | -$8.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$338 |
| Sales/Maturities of Investments | $6.4K |
| Other Investing Activities | $519 |
| NET CASH FROM INVESTING | $3.1K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $174.1K |
| NET CASH FROM FINANCING | $302.7K |
| FREE CASH FLOW | -$244.9K |
| Net Change in Cash | $176.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $273.0K |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $828.0K |
| Goodwill | $0 |
| Intangible Assets | $86.0K |
| Long-Term Investments | $368.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $12M |
| Account Payables | $5M |
| Short-Term Debt | $420.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $83.0K |
| TOTAL LIABILITIES | $8M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $19M |
| Retained Earnings | -$15M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $32.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $12M |
| Total Debt | $1M |
| Net Debt | -$3M |
