| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $601.9K | $467.2K | $734.7K | 28.8% | -18.1% |
| Op. Income | -$246.4K | -$274.0K | -$380.5K | 10.1% | 35.2% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -66.1% | -47.1% | -51.1% | -19.0pp | -15.0pp |
| EPS (Diluted) | $-0.05 | $-0.03 | $-0.04 | -80.7% | -6.1% |
| Free Cash Flow | -$108.2K | -$213.7K | -$99.4K | 49.4% | -8.8% |
| Item | Amount |
|---|---|
| REVENUE | $601.9K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $601.9K |
| R&D Expenses | $90.4K |
| Selling & Marketing | $31.3K |
| General & Administrative | $726.6K |
| SG&A Expenses | $757.9K |
| Other Expenses | $1.3K |
| Operating Expenses | $848.4K |
| Cost & Expenses | $848.4K |
| OPERATING INCOME | -$246.4K |
| Interest Income | $12.8K |
| Interest Expense | $0 |
| Other Income/Expenses | -$151.4K |
| INCOME BEFORE TAX | -$397.9K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$397.9K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$397.9K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$397.9K |
| D&A | $165.5K |
| EBIT | -$246.4K |
| EBITDA | -$80.9K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$397.9K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $103.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $165.5K |
| Change in Working Capital | $20.2K |
| OPERATING CASH FLOW | -$108.2K |
| 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 | $922.4K |
| FREE CASH FLOW | -$108.2K |
| Net Change in Cash | $814.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $99.2K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $86.6K |
| Goodwill | $0 |
| Intangible Assets | $16.2K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $261.7K |
| TOTAL NON-CURRENT ASSETS | $364.5K |
| TOTAL ASSETS | $2M |
| Account Payables | $192.6K |
| Short-Term Debt | $0 |
| Deferred Revenue | -$192.6K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $233.8K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $659.4K |
| TOTAL NON-CURRENT LIABILITIES | $708.7K |
| TOTAL LIABILITIES | $942.5K |
| Common Stock | $71 |
| Additional Paid-In Capital | $5M |
| Retained Earnings | -$4M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1M |
| Minority Interest | $0 |
| TOTAL EQUITY | $1M |
| TOTAL LIABILITIES & EQUITY | $2M |
| Total Debt | $90.5K |
| Net Debt | -$1M |
