| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.9K | — | $10M | — | -99.9% |
| Op. Income | -$20.4K | — | -$70.4K | — | 71.1% |
| Gross Margin | 61.2% | — | 40.6% | — | 20.7pp |
| Net Margin | -268.2% | — | -4.2% | — | -264.0pp |
| EPS (Diluted) | $-0.00 | — | $-0.02 | — | 87.3% |
| Free Cash Flow | -$21.8K | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $10.9K |
| Cost of Revenue | $4.2K |
| GROSS PROFIT | $6.7K |
| R&D Expenses | $2.1K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24.9K |
| Other Expenses | $0 |
| Operating Expenses | $27.0K |
| Cost & Expenses | $31.3K |
| OPERATING INCOME | -$20.4K |
| Interest Income | $0 |
| Interest Expense | $6.5K |
| Other Income/Expenses | -$8.5K |
| INCOME BEFORE TAX | -$28.9K |
| Income Tax Expense | $426 |
| Net Income from Continuing Ops | -$29.3K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29.3K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29.3K |
| D&A | $912 |
| EBIT | -$20.4K |
| EBITDA | -$19.4K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$29.3K |
| Depreciation & Amortization | $912 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10.9K |
| Change in Working Capital | -$3.2K |
| OPERATING CASH FLOW | -$20.7K |
| Capital Expenditure | -$1.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$62.2K |
| NET CASH FROM INVESTING | -$63.4K |
| Net Debt Issuance | $73.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $86.0K |
| FREE CASH FLOW | -$21.8K |
| Net Change in Cash | $2.8K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.0K |
| Short-Term Investments | $0 |
| Net Receivables | $45.2K |
| Inventory | $7.5K |
| Other Current Assets | $67.3K |
| TOTAL CURRENT ASSETS | $140.3K |
| PP&E (Net) | $4.3K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $4.3K |
| TOTAL ASSETS | $144.6K |
| Account Payables | $354 |
| Short-Term Debt | $18.5K |
| Deferred Revenue | $539 |
| Other Current Liabilities | $987 |
| TOTAL CURRENT LIABILITIES | $27.6K |
| Long-Term Debt | $6.3K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.8K |
| TOTAL NON-CURRENT LIABILITIES | $6.3K |
| TOTAL LIABILITIES | $34.0K |
| Common Stock | $197 |
| Additional Paid-In Capital | $143.8K |
| Retained Earnings | -$39.0K |
| Treasury Stock | -$8 |
| Accum. Other Comp. Income | $5.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $110.6K |
| Minority Interest | $0 |
| TOTAL EQUITY | $110.6K |
| TOTAL LIABILITIES & EQUITY | $144.6K |
| Total Debt | $26.6K |
| Net Debt | $21.6K |
