| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20.0K | $0 | $174.0K | — | -88.5% |
| Op. Income | -$1M | -$2M | -$3M | 7.7% | 47.2% |
| Gross Margin | -32.8% | — | 89.8% | — | -122.6pp |
| Net Margin | -7249.9% | — | -1559.3% | — | -5690.6pp |
| EPS (Diluted) | $-0.06 | $-0.07 | $-0.15 | 19.6% | 60.0% |
| Free Cash Flow | -$2M | -$984.1K | -$1M | -125.6% | -48.2% |
| Item | Amount |
|---|---|
| REVENUE | $20.0K |
| Cost of Revenue | $26.6K |
| GROSS PROFIT | -$6.6K |
| R&D Expenses | $475.4K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $969.9K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $1M |
| OPERATING INCOME | -$1M |
| Interest Income | $1.8K |
| Interest Expense | $0 |
| Other Income/Expenses | $1.8K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | -$155 |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $26.6K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $19.1K |
| Stock-Based Compensation | $74.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9.3K |
| Change in Working Capital | -$814.4K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$55.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$13.1K |
| NET CASH FROM INVESTING | -$53.9K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $846.9K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $141.3K |
| Net Receivables | $42.0K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $334.9K |
| Goodwill | $0 |
| Intangible Assets | $318.1K |
| Long-Term Investments | $64.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $717.0K |
| TOTAL ASSETS | $6M |
| Account Payables | $36.2K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $146.4K |
| TOTAL CURRENT LIABILITIES | $214.7K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $62.3K |
| TOTAL LIABILITIES | $277.0K |
| Common Stock | $24.9K |
| Additional Paid-In Capital | $73M |
| Retained Earnings | -$67M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$55.4K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | -$392.2K |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $94.4K |
| Net Debt | -$5M |
