| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | — | $1M | — | 271.2% |
| Op. Income | -$552.7K | — | -$907.7K | — | 39.1% |
| Gross Margin | 24.5% | — | 41.7% | — | -17.2pp |
| Net Margin | -1056.2% | — | -90.8% | — | -965.4pp |
| EPS (Diluted) | $-6.79 | — | $-0.62 | — | -995.2% |
| Free Cash Flow | -$2M | — | -$6M | — | 70.8% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$552.7K |
| Interest Income | $5.6K |
| Interest Expense | $95 |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | -$56M |
| Income Tax Expense | -$7.5K |
| Net Income from Continuing Ops | -$56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$56M |
| D&A | $210.1K |
| EBIT | -$552.7K |
| EBITDA | -$342.6K |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$56M |
| Depreciation & Amortization | $210.1K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $55M |
| Change in Working Capital | -$998.6K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $689.4K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $689.4K |
| Net Debt Issuance | $645.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $645.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$129.3K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $1M |
| Goodwill | $13M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $23M |
| Account Payables | $3M |
| Short-Term Debt | $922.9K |
| Deferred Revenue | $9.5K |
| Other Current Liabilities | $495.1K |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $103.9K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $82 |
| Additional Paid-In Capital | $95M |
| Retained Earnings | -$84M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16M |
| Minority Interest | $2M |
| TOTAL EQUITY | $18M |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $1M |
| Net Debt | -$4M |
