| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.3K | $0 | $0 | — | — |
| Op. Income | -$2M | -$2M | -$2M | 19.0% | -2.2% |
| Gross Margin | -661.9% | — | — | — | — |
| Net Margin | -48145.5% | — | — | — | — |
| EPS (Diluted) | $-1.88 | $-2.57 | $-2.73 | 26.8% | 31.1% |
| Free Cash Flow | -$2M | -$2M | -$2M | 2.3% | 2.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.3K |
| Cost of Revenue | $33.1K |
| GROSS PROFIT | -$28.8K |
| R&D Expenses | $929.1K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $962.5K |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $180.9K |
| Other Income/Expenses | -$173.9K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $31.3K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $31.3K |
| Stock-Based Compensation | $95.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $270.5K |
| Change in Working Capital | $105.9K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$7.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7.8K |
| Net Debt Issuance | -$71.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $100.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $4.3K |
| Inventory | $650.3K |
| Other Current Assets | $331.3K |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $435.2K |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $4M |
| Account Payables | $318.7K |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $29.9K |
| 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 | $314.5K |
| TOTAL LIABILITIES | $4M |
| Common Stock | $1.1K |
| Additional Paid-In Capital | $76M |
| Retained Earnings | -$76M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $205.2K |
| Minority Interest | $0 |
| TOTAL EQUITY | $205.2K |
| TOTAL LIABILITIES & EQUITY | $4M |
| Total Debt | $3M |
| Net Debt | $2M |
