| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.7K | $28.1K | $5.0K | -47.6% | 194.8% |
| Op. Income | -$3M | -$19M | -$10M | 84.4% | 70.5% |
| Gross Margin | 99.7% | -10939.5% | -3966.2% | 11039.1pp | 4065.9pp |
| Net Margin | -23665.3% | -71031.1% | -218748.3% | 47365.8pp | 195083.0pp |
| EPS (Diluted) | $-4.09 | $-23.44 | $-18.75 | 82.6% | 78.2% |
| Free Cash Flow | -$4M | -$6M | -$10M | 27.3% | 55.6% |
| Item | Amount |
|---|---|
| REVENUE | $14.7K |
| Cost of Revenue | $48 |
| GROSS PROFIT | $14.7K |
| R&D Expenses | $673.0K |
| Selling & Marketing | $22.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$3M |
| Interest Income | $35.3K |
| Interest Expense | $581.5K |
| Other Income/Expenses | -$452.8K |
| 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 | $0 |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $279.6K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $462.8K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$4M |
| 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 | -$152.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $557.6K |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $25.8K |
| Inventory | $0 |
| Other Current Assets | $275.6K |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $642.8K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $182.2K |
| TOTAL NON-CURRENT ASSETS | $825.0K |
| TOTAL ASSETS | $6M |
| Account Payables | $1M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $597.7K |
| TOTAL LIABILITIES | $16M |
| Common Stock | $283 |
| Additional Paid-In Capital | $189M |
| Retained Earnings | -$199M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$10M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$10M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $11M |
| Net Debt | $7M |
