| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $246.8K | 37.3% | 908.5% |
| Op. Income | -$14M | -$3M | -$2M | -409.9% | -592.5% |
| Gross Margin | -479.8% | 4.5% | 44.9% | -484.2pp | -524.6pp |
| Net Margin | -545.9% | -350.8% | -942.7% | -195.1pp | 396.8pp |
| EPS (Diluted) | $-2.34 | $-1.79 | $-0.14 | -30.7% | -1571.4% |
| Free Cash Flow | $708.3K | -$910.4K | -$857.1K | 177.8% | 182.6% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $14M |
| GROSS PROFIT | -$12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $46.5K |
| Operating Expenses | $2M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$14M |
| Interest Income | $284 |
| Interest Expense | $0 |
| Other Income/Expenses | $500.4K |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $73.6K |
| EBIT | -$14M |
| EBITDA | -$14M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $73.6K |
| Stock-Based Compensation | $25.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $830.4K |
| OPERATING CASH FLOW | $708.3K |
| Capital Expenditure | $5 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$83.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$770.0K |
| NET CASH FROM FINANCING | -$426.9K |
| FREE CASH FLOW | $708.3K |
| Net Change in Cash | $281.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $359.0K |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $961.4K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $222.0K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $5M |
| Account Payables | $4M |
| Short-Term Debt | $505.8K |
| Deferred Revenue | $2M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $306.9K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $306.9K |
| TOTAL LIABILITIES | $14M |
| Common Stock | $78 |
| Additional Paid-In Capital | $104M |
| Retained Earnings | -$113M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$9M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$9M |
| TOTAL LIABILITIES & EQUITY | $5M |
| Total Debt | $1M |
| Net Debt | $683.6K |
