| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $44.9K | — | 4402.8% | — |
| Op. Income | -$17M | -$4M | — | -286.9% | — |
| Gross Margin | 16.8% | 53.1% | — | -36.3pp | — |
| Net Margin | -1659.2% | 29756.5% | — | -31415.7pp | — |
| EPS (Diluted) | $-7.70 | $3.12 | — | -347.2% | — |
| Free Cash Flow | -$13M | -$2M | — | -674.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $340.9K |
| R&D Expenses | $8.7K |
| Selling & Marketing | $216.1K |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$17M |
| Interest Income | $72.2K |
| Interest Expense | $273.7K |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $202.2K |
| EBIT | -$33M |
| EBITDA | -$33M |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $202.2K |
| Stock-Based Compensation | $347.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$698.1K |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$571.1K |
| Acquisitions (Net) | $60 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $550.0K |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $156.7K |
| Net Receivables | $22M |
| Inventory | $890.8K |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $58M |
| PP&E (Net) | $120.9K |
| Goodwill | $13M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $81M |
| Account Payables | $3M |
| Short-Term Debt | $323.8K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $6M |
| Common Stock | $171.4K |
| Additional Paid-In Capital | $193M |
| Retained Earnings | -$141M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $76M |
| Minority Interest | $0 |
| TOTAL EQUITY | $76M |
| TOTAL LIABILITIES & EQUITY | $81M |
| Total Debt | $381.5K |
| Net Debt | -$9M |
