| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $4M | $2M | 12.4% | 89.1% |
| Op. Income | -$3M | -$2M | -$353.9K | -31.4% | -643.5% |
| Gross Margin | 71.6% | 64.7% | 10.7% | 6.9pp | 60.9pp |
| Net Margin | 63.4% | 54.2% | -16.5% | 9.2pp | 79.9pp |
| EPS (Diluted) | $0.08 | $0.02 | $-0.00 | 420.5% | 2989.7% |
| Free Cash Flow | -$111.6K | $106.3K | -$906.1K | -204.9% | 87.7% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $331.5K |
| SG&A Expenses | $331.5K |
| Other Expenses | $5M |
| Operating Expenses | $6M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $6.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $380 |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $380 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$107.2K |
| Capital Expenditure | -$4.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4.4K |
| Net Debt Issuance | $56.1K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $56.1K |
| FREE CASH FLOW | -$111.6K |
| Net Change in Cash | -$55.5K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $261.1K |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $61.0K |
| TOTAL CURRENT ASSETS | $9M |
| PP&E (Net) | $13.3K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $13.3K |
| TOTAL ASSETS | $9M |
| Account Payables | $2M |
| Short-Term Debt | $590.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $590.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $590.0K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $3.1K |
| Additional Paid-In Capital | $30M |
| Retained Earnings | -$24M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $9M |
| Total Debt | $590.0K |
| Net Debt | $328.9K |
