| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $90.8K | $62.2K | $0 | 46.0% | — |
| Op. Income | -$213.5K | -$1M | -$188.3K | 79.2% | -13.4% |
| Gross Margin | 48.7% | 42.8% | — | 5.9pp | — |
| Net Margin | -330.7% | -2000.9% | — | 1670.1pp | — |
| EPS (Diluted) | $-0.12 | $-0.51 | $-0.30 | 76.5% | 60.0% |
| Free Cash Flow | -$53.0K | -$916.2K | -$82.5K | 94.2% | 35.8% |
| Item | Amount |
|---|---|
| REVENUE | $90.8K |
| Cost of Revenue | $46.6K |
| GROSS PROFIT | $44.2K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $257.7K |
| SG&A Expenses | $257.7K |
| Other Expenses | $0 |
| Operating Expenses | $257.7K |
| Cost & Expenses | $304.3K |
| OPERATING INCOME | -$213.5K |
| Interest Income | $32.8K |
| Interest Expense | $115.0K |
| Other Income/Expenses | -$82.2K |
| INCOME BEFORE TAX | -$295.7K |
| Income Tax Expense | $4.7K |
| Net Income from Continuing Ops | -$300.4K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$300.4K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$300.4K |
| D&A | $0 |
| EBIT | -$180.7K |
| EBITDA | -$180.7K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$300.4K |
| Depreciation & Amortization | $15.7K |
| Stock-Based Compensation | $87.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $171.7K |
| Change in Working Capital | -$27.4K |
| OPERATING CASH FLOW | -$53.0K |
| 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 | $0 |
| FREE CASH FLOW | -$53.0K |
| Net Change in Cash | $762.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $132M |
| Short-Term Investments | $0 |
| Net Receivables | $88.3K |
| Inventory | $0 |
| Other Current Assets | $169.8K |
| TOTAL CURRENT ASSETS | $132M |
| PP&E (Net) | $74.6K |
| Goodwill | $0 |
| Intangible Assets | $763.7K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $838.3K |
| TOTAL ASSETS | $133M |
| Account Payables | $120.1K |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29.5K |
| TOTAL NON-CURRENT LIABILITIES | $29.5K |
| TOTAL LIABILITIES | $15M |
| Common Stock | $35.1K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$64M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $194M |
| TOTAL STOCKHOLDERS' EQUITY | $118M |
| Minority Interest | $0 |
| TOTAL EQUITY | $118M |
| TOTAL LIABILITIES & EQUITY | $133M |
| Total Debt | $3M |
| Net Debt | -$129M |
