| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $5M | $3M | -10.8% | 41.3% |
| Op. Income | -$4M | $118.0K | -$1M | -3180.5% | -250.5% |
| Gross Margin | -18.6% | 36.0% | 8.5% | -54.5pp | -27.0pp |
| Net Margin | -78.7% | -3.2% | -32.9% | -75.5pp | -45.7pp |
| EPS (Diluted) | $-0.70 | $-0.03 | $-0.16 | -2655.9% | -337.5% |
| Free Cash Flow | -$4M | $142.0K | -$757.0K | -3201.4% | -481.8% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $6M |
| GROSS PROFIT | -$868.0K |
| R&D Expenses | $10.0K |
| Selling & Marketing | $78.0K |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $58.0K |
| Other Income/Expenses | -$51.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$5.0K |
| 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 | -$12.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | -$12.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $303.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$4M |
| 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 | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $1M |
| Other Current Assets | $550.0K |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $28.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $12M |
| Account Payables | $2M |
| Short-Term Debt | $1M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $996.0K |
| Deferred Revenue NC | $308.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $8M |
| Common Stock | $0 |
| Additional Paid-In Capital | $19M |
| Retained Earnings | -$15M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $0 |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $12M |
| Total Debt | $2M |
| Net Debt | -$4M |
