| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8K | — | $3.5K | — | -49.3% |
| Op. Income | -$720.3K | — | -$219.9K | — | -227.5% |
| Gross Margin | -42.5% | — | 84.5% | — | -127.1pp |
| Net Margin | -51344.1% | — | -6421.6% | — | -44922.4pp |
| EPS (Diluted) | $-0.10 | — | $-0.02 | — | -307.0% |
| Free Cash Flow | -$607.7K | — | -$223.0K | — | -172.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.8K |
| Cost of Revenue | $2.5K |
| GROSS PROFIT | -$753 |
| R&D Expenses | $125.9K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $593.7K |
| Other Expenses | $0 |
| Operating Expenses | $719.6K |
| Cost & Expenses | $722.1K |
| OPERATING INCOME | -$720.3K |
| Interest Income | $0 |
| Interest Expense | $12.4K |
| Other Income/Expenses | -$188.5K |
| INCOME BEFORE TAX | -$908.8K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$908.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$908.8K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$911.2K |
| D&A | $2.4K |
| EBIT | -$896.4K |
| EBITDA | -$894.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$908.8K |
| Depreciation & Amortization | $2.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $132.0K |
| Change in Working Capital | $166.7K |
| OPERATING CASH FLOW | -$607.7K |
| Capital Expenditure | -$5 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$52.3K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $33.0K |
| FREE CASH FLOW | -$607.7K |
| Net Change in Cash | -$571.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $528.3K |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $531.2K |
| PP&E (Net) | $2.0K |
| Goodwill | $0 |
| Intangible Assets | $50.4K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $52.4K |
| TOTAL ASSETS | $583.7K |
| Account Payables | $69.5K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $471.4K |
| TOTAL CURRENT LIABILITIES | $540.9K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $540.9K |
| Common Stock | $7.1K |
| Additional Paid-In Capital | $3M |
| Retained Earnings | -$3M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $42.7K |
| Minority Interest | $0 |
| TOTAL EQUITY | $42.7K |
| TOTAL LIABILITIES & EQUITY | $583.7K |
| Total Debt | $0 |
| Net Debt | -$528.3K |
