| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3K | -$21.2K | $41.7K | 110.7% | -94.6% |
| Op. Income | -$4M | -$4M | -$5M | 4.1% | 21.6% |
| Gross Margin | -26993.9% | 100.0% | 40.0% | -27093.9pp | -27033.9pp |
| Net Margin | -157505.1% | 18970.7% | -11279.4% | -176475.9pp | -146225.7pp |
| EPS (Diluted) | $-0.28 | $-0.45 | $-0.55 | 37.8% | 49.1% |
| Free Cash Flow | -$616.8K | -$5M | -$6M | 88.3% | 89.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.3K |
| Cost of Revenue | $612.9K |
| GROSS PROFIT | -$610.6K |
| R&D Expenses | $693.3K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$4M |
| Interest Income | $319.1K |
| Interest Expense | $213.2K |
| Other Income/Expenses | $109.4K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $612.9K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $612.9K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $589.4K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$442.1K |
| Capital Expenditure | -$174.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$174.7K |
| Net Debt Issuance | -$93.8K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | -$616.8K |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $369.2K |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $300.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $718.4K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $31M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $28M |
| Common Stock | $1.4K |
| Additional Paid-In Capital | $190M |
| Retained Earnings | -$187M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$396.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $31M |
| Total Debt | $3M |
| Net Debt | -$20M |
