| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | — | -9.4% | — |
| Op. Income | -$78.8K | $6.8K | — | -1258.4% | — |
| Gross Margin | 6.0% | 11.6% | — | -5.6pp | — |
| Net Margin | -5.9% | -3.2% | — | -2.8pp | — |
| EPS (Diluted) | $-0.02 | $-0.01 | — | -70.9% | — |
| Free Cash Flow | -$3M | -$3M | — | 13.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $403.9K |
| R&D Expenses | $0 |
| Selling & Marketing | $448.9K |
| General & Administrative | $403.9K |
| SG&A Expenses | $852.8K |
| Other Expenses | -$370.1K |
| Operating Expenses | $482.7K |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$78.8K |
| Interest Income | $0 |
| Interest Expense | $336.5K |
| Other Income/Expenses | -$336.5K |
| INCOME BEFORE TAX | -$415.3K |
| Income Tax Expense | $35.1K |
| Net Income from Continuing Ops | -$450.4K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$399.7K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$399.7K |
| D&A | $28.5K |
| EBIT | -$78.8K |
| EBITDA | -$50.3K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $55.6K |
| Depreciation & Amortization | $725.1K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$901.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$901.9K |
| Net Debt Issuance | -$431.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $921.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $4M |
| Other Current Assets | $509.3K |
| TOTAL CURRENT ASSETS | $12M |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $34.3K |
| Other Non-Current Assets | $872.4K |
| TOTAL NON-CURRENT ASSETS | $19M |
| TOTAL ASSETS | $31M |
| Account Payables | $9M |
| Short-Term Debt | $978.6K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $32M |
| Common Stock | $3.6K |
| Additional Paid-In Capital | $17M |
| Retained Earnings | -$323.0K |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$3M |
| Minority Interest | $2M |
| TOTAL EQUITY | -$1M |
| TOTAL LIABILITIES & EQUITY | $31M |
| Total Debt | $6M |
| Net Debt | $5M |
