| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $2M | $471.2K | -46.5% | 124.4% |
| Op. Income | -$6M | -$6M | -$6M | 4.5% | 6.2% |
| Gross Margin | -214.6% | -115.8% | -258.4% | -98.8pp | 43.7pp |
| Net Margin | -1812.8% | -335.9% | -25166.4% | -1476.9pp | 23353.6pp |
| EPS (Diluted) | $-58.48 | $-20.80 | $-1848.96 | -181.2% | 96.8% |
| Free Cash Flow | -$5M | -$5M | -$4M | -0.7% | -21.1% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $699.1K |
| Operating Expenses | $3M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$48M |
| D&A | $1M |
| EBIT | -$14M |
| EBITDA | -$13M |
| EPS | -$58 |
| EPS Diluted | -$58 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $218.7K |
| Stock-Based Compensation | $15.6K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $435.7K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$913.0K |
| Acquisitions (Net) | $3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$25.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $378.7K |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $9M |
| PP&E (Net) | $22M |
| Goodwill | $10M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $91.3K |
| TOTAL NON-CURRENT ASSETS | $33M |
| TOTAL ASSETS | $43M |
| Account Payables | $3M |
| Short-Term Debt | $22M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $35M |
| Long-Term Debt | $203.5K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11.3K |
| TOTAL NON-CURRENT LIABILITIES | $214.8K |
| TOTAL LIABILITIES | $36M |
| Common Stock | $2.9K |
| Additional Paid-In Capital | $331M |
| Retained Earnings | -$324M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$42.2K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $43M |
| Total Debt | $22M |
| Net Debt | $15M |
