| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45.0K | $125 | $0 | 35894.4% | — |
| Op. Income | -$636.9K | -$371.1K | -$652.5K | -71.6% | 2.4% |
| Gross Margin | 2.4% | -500.0% | — | 502.4pp | — |
| Net Margin | -1421.7% | -299128.0% | — | 297706.3pp | — |
| EPS (Diluted) | $-0.13 | $-0.10 | $-0.17 | -30.0% | 23.5% |
| Free Cash Flow | $543.0K | -$371.0K | -$396.0K | 246.4% | 237.1% |
| Item | Amount |
|---|---|
| REVENUE | $45.0K |
| Cost of Revenue | $43.9K |
| GROSS PROFIT | $1.1K |
| R&D Expenses | $17.4K |
| Selling & Marketing | $16.8K |
| General & Administrative | $603.7K |
| SG&A Expenses | $620.6K |
| Other Expenses | $0 |
| Operating Expenses | $638.0K |
| Cost & Expenses | $681.9K |
| OPERATING INCOME | -$636.9K |
| Interest Income | $0 |
| Interest Expense | $2.6K |
| Other Income/Expenses | -$2.8K |
| INCOME BEFORE TAX | -$639.7K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$639.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$639.7K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$639.7K |
| D&A | $31.8K |
| EBIT | -$636.9K |
| EBITDA | -$605.2K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$639.7K |
| Depreciation & Amortization | $31.8K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4.8K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $543.0K |
| 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 | -$50.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $543.0K |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $519.8K |
| Inventory | $0 |
| Other Current Assets | $179.7K |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $327.7K |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $249.7K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $7M |
| Account Payables | $0 |
| Short-Term Debt | $305.4K |
| Deferred Revenue | $1M |
| Other Current Liabilities | $101.9K |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $4M |
| Common Stock | $62.2K |
| Additional Paid-In Capital | $99M |
| Retained Earnings | -$98M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.9K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $364.2K |
| Net Debt | -$4M |
