| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $81.0K | $0 | $10.0K | — | 710.0% |
| Op. Income | -$992.0K | -$1M | -$2M | 24.7% | 54.4% |
| Gross Margin | 21.0% | — | 100.0% | — | -79.0pp |
| Net Margin | -1219.8% | — | -19570.0% | — | 18350.2pp |
| EPS (Diluted) | $-1.31 | $-0.84 | $-218.23 | -56.0% | 99.4% |
| Free Cash Flow | -$434.0K | -$1M | -$3M | 58.9% | 85.8% |
| Item | Amount |
|---|---|
| REVENUE | $81.0K |
| Cost of Revenue | $64.0K |
| GROSS PROFIT | $17.0K |
| R&D Expenses | $5.0K |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $1M |
| OPERATING INCOME | -$992.0K |
| Interest Income | $9.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $4.0K |
| INCOME BEFORE TAX | -$988.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$988.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$988.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $1.5K |
| EBIT | -$992.0K |
| EBITDA | -$990.5K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$988.0K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $6.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10.0K |
| Change in Working Capital | $558.0K |
| OPERATING CASH FLOW | -$434.0K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3.0K |
| FREE CASH FLOW | -$434.0K |
| Net Change in Cash | -$437.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $725.0K |
| Inventory | $1M |
| Other Current Assets | $460.0K |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $144.0K |
| Goodwill | $2M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $8M |
| Account Payables | $468.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $534.0K |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $55.0K |
| TOTAL NON-CURRENT LIABILITIES | $60.0K |
| TOTAL LIABILITIES | $1M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $451M |
| Retained Earnings | -$444M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $8M |
| Total Debt | $5.0K |
| Net Debt | -$4M |
