| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $100.0K | $0 | $1M | — | -90.0% |
| Op. Income | -$3M | -$4M | -$5M | 30.2% | 37.8% |
| Gross Margin | 85.0% | — | 100.0% | — | -15.0pp |
| Net Margin | -2954.0% | — | -461.0% | — | -2493.0pp |
| EPS (Diluted) | $-0.33 | $-0.49 | $-0.55 | 32.7% | 40.0% |
| Free Cash Flow | -$3M | -$3M | -$5M | 2.8% | 28.2% |
| Item | Amount |
|---|---|
| REVENUE | $100.0K |
| Cost of Revenue | $15.0K |
| GROSS PROFIT | $85.0K |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$16.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$3M |
| Interest Income | $141.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $125.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $15.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $15.0K |
| Stock-Based Compensation | $225.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $627.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $205.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $700.0K |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $18M |
| PP&E (Net) | $18.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $23.0K |
| TOTAL NON-CURRENT ASSETS | $41.0K |
| TOTAL ASSETS | $18M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $72.0K |
| TOTAL NON-CURRENT LIABILITIES | $72.0K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $580M |
| Retained Earnings | -$565M |
| Treasury Stock | -$708.0K |
| Accum. Other Comp. Income | -$37.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15M |
| Minority Interest | -$254.0K |
| TOTAL EQUITY | $15M |
| TOTAL LIABILITIES & EQUITY | $18M |
| Total Debt | $0 |
| Net Debt | -$16M |
