| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $170.0K | $68.0K | $0 | 150.0% | — |
| Op. Income | -$6M | -$3M | -$3M | -108.9% | -86.5% |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -6096.5% | -5139.7% | — | -956.8pp | — |
| EPS (Diluted) | $-0.53 | $-0.13 | $-0.13 | -307.7% | -307.7% |
| Free Cash Flow | -$5M | -$2M | $3M | -209.6% | -267.2% |
| Item | Amount |
|---|---|
| REVENUE | $170.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $170.0K |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$6M |
| Interest Income | -$3M |
| Interest Expense | $792.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $254.0K |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $254.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$109.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$109.0K |
| Net Debt Issuance | $440.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$303.0K |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $12M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $92.0K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $15M |
| Account Payables | $5M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $12M |
| Common Stock | $25.0K |
| Additional Paid-In Capital | $207M |
| Retained Earnings | -$204M |
| Treasury Stock | -$433.0K |
| Accum. Other Comp. Income | $2.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $15M |
| Total Debt | $4M |
| Net Debt | -$7M |
