| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $293.0K | $67.0K | $0 | 337.3% | — |
| Op. Income | -$4M | -$5M | -$4M | 19.8% | 3.2% |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -1287.4% | -6595.5% | — | 5308.2pp | — |
| EPS (Diluted) | $-4.40 | $-9.00 | $-47.30 | 51.1% | 90.7% |
| Free Cash Flow | -$3M | -$5M | -$3M | 43.4% | 23.9% |
| Item | Amount |
|---|---|
| REVENUE | $293.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $293.0K |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$4M |
| Interest Income | $48.0K |
| Interest Expense | $11.0K |
| Other Income/Expenses | $53.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $3.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $0 |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $167.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5.0K |
| Change in Working Capital | $956.0K |
| OPERATING CASH FLOW | -$3M |
| 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 | -$222.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $110.0K |
| Inventory | $44.0K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $813.0K |
| TOTAL NON-CURRENT ASSETS | $813.0K |
| TOTAL ASSETS | $8M |
| Account Payables | $3M |
| Short-Term Debt | $363.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17.0K |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $7M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $144M |
| Retained Earnings | -$143M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $565.0K |
| Minority Interest | $0 |
| TOTAL EQUITY | $565.0K |
| TOTAL LIABILITIES & EQUITY | $8M |
| Total Debt | $363.0K |
| Net Debt | -$5M |
