| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $137.0K | $316.0K | $773.0K | -56.6% | -82.3% |
| Op. Income | -$7M | -$5M | -$5M | -35.4% | -57.2% |
| Gross Margin | 91.2% | 46.2% | 88.2% | 45.0pp | 3.0pp |
| Net Margin | -5270.8% | -1591.1% | -571.7% | -3679.7pp | -4699.1pp |
| EPS (Diluted) | $-0.39 | $-0.33 | $-0.34 | -18.2% | -14.7% |
| Free Cash Flow | -$5M | -$4M | -$3M | -36.0% | -56.2% |
| Item | Amount |
|---|---|
| REVENUE | $137.0K |
| Cost of Revenue | $12.0K |
| GROSS PROFIT | $125.0K |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $89.0K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $264.0K |
| EBIT | -$7M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $264.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $828.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$57.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$61.0K |
| NET CASH FROM INVESTING | -$118.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$61.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $52.0K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $178.0K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $16M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $40.0K |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $315.0K |
| TOTAL NON-CURRENT LIABILITIES | $651.0K |
| TOTAL LIABILITIES | $6M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $137M |
| Retained Earnings | -$127M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | $0 |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $16M |
| Total Debt | $983.0K |
| Net Debt | -$8M |
