| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8K | $29 | $0 | 6237.9% | — |
| Op. Income | -$541.2K | -$676.9K | -$371.3K | 20.0% | -45.8% |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -29541.7% | -2338100.0% | — | 2308558.3pp | — |
| EPS (Diluted) | $-0.17 | $-0.22 | $-0.19 | 22.7% | 10.5% |
| Free Cash Flow | -$166.2K | -$433.3K | -$170.4K | 61.7% | 2.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.8K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1.8K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $543.1K |
| SG&A Expenses | $543.1K |
| Other Expenses | $0 |
| Operating Expenses | $543.1K |
| Cost & Expenses | $543.1K |
| OPERATING INCOME | -$541.2K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$1.7K |
| INCOME BEFORE TAX | -$543.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$543.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$543.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$543.0K |
| D&A | $322.4K |
| EBIT | -$541.2K |
| EBITDA | -$218.8K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$543.0K |
| Depreciation & Amortization | $322.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $351 |
| Change in Working Capital | $54.1K |
| OPERATING CASH FLOW | -$166.2K |
| 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 | $15.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $178.0K |
| NET CASH FROM FINANCING | $193.8K |
| FREE CASH FLOW | -$166.2K |
| Net Change in Cash | $26.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36.9K |
| Short-Term Investments | $0 |
| Net Receivables | $83.2K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $120.1K |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $6M |
| Account Payables | $0 |
| Short-Term Debt | $115.5K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $631.2K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $631.2K |
| Common Stock | $73.5K |
| Additional Paid-In Capital | $45M |
| Retained Earnings | -$40M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$385.8K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $115.5K |
| Net Debt | $78.5K |
