| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $7M | — | 22.4% | — |
| Op. Income | $456.9K | -$78.8K | — | 680.1% | — |
| Gross Margin | 7.5% | 6.0% | — | 1.5pp | — |
| Net Margin | 2.4% | -5.9% | — | 8.3pp | — |
| EPS (Diluted) | $0.01 | $-0.02 | — | 129.9% | — |
| Free Cash Flow | $2M | -$3M | — | 155.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $614.8K |
| R&D Expenses | $4.7K |
| Selling & Marketing | -$320.0K |
| General & Administrative | $431.9K |
| SG&A Expenses | $111.8K |
| Other Expenses | $41.5K |
| Operating Expenses | $157.9K |
| Cost & Expenses | $8M |
| OPERATING INCOME | $456.9K |
| Interest Income | $0 |
| Interest Expense | $109.0K |
| Other Income/Expenses | -$312.3K |
| INCOME BEFORE TAX | $144.6K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $144.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $194.7K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143.6K |
| D&A | $28.5K |
| EBIT | $433.8K |
| EBITDA | $462.3K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $614.8K |
| R&D Expenses | $4.7K |
| Selling & Marketing | -$320.0K |
| General & Administrative | $431.9K |
| SG&A Expenses | $111.8K |
| Other Expenses | $41.5K |
| Operating Expenses | $157.9K |
| Cost & Expenses | $8M |
| OPERATING INCOME | $456.9K |
| Interest Income | $0 |
| Interest Expense | $109.0K |
| Other Income/Expenses | -$312.3K |
| INCOME BEFORE TAX | $144.6K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $144.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $194.7K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143.6K |
| D&A | $28.5K |
| EBIT | $433.8K |
| EBITDA | $462.3K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $178.7K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $489.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$306.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$306.6K |
| Net Debt Issuance | -$946.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$75.5K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $619.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $4M |
| Other Current Assets | $615.1K |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $22.5K |
| Other Non-Current Assets | $98 |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $22M |
| Account Payables | $8M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $715.4K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$25.3K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $30M |
| Common Stock | $2.7K |
| Additional Paid-In Capital | $22M |
| Retained Earnings | -$19M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $2M |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $34M |
| Total Debt | $11M |
| Net Debt | $10M |
