| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $183.0K | $338.0K | $68.0K | -45.9% | 169.1% |
| Op. Income | -$4M | -$2M | -$4M | -103.8% | 19.7% |
| Gross Margin | 92.3% | 92.0% | 100.0% | 0.3pp | -7.7pp |
| Net Margin | -1897.3% | -592.3% | -6585.3% | -1305.0pp | 4688.0pp |
| EPS (Diluted) | $-1.30 | $-1.10 | $-11.00 | -18.2% | 88.2% |
| Free Cash Flow | -$4M | -$3M | -$5M | -27.8% | 23.2% |
| Item | Amount |
|---|---|
| REVENUE | $183.0K |
| Cost of Revenue | $14.0K |
| GROSS PROFIT | $169.0K |
| 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 | $107.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $107.0K |
| 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 | $7.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $290.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$662.0K |
| 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 | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $221.0K |
| Inventory | $83.0K |
| Other Current Assets | $807.0K |
| TOTAL CURRENT ASSETS | $15M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $656.0K |
| TOTAL NON-CURRENT ASSETS | $656.0K |
| TOTAL ASSETS | $16M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| 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 | $0 |
| TOTAL LIABILITIES | $4M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$149M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $160M |
| TOTAL STOCKHOLDERS' EQUITY | $11M |
| Minority Interest | $0 |
| TOTAL EQUITY | $11M |
| TOTAL LIABILITIES & EQUITY | $16M |
| Total Debt | $0 |
| Net Debt | -$14M |
