| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $0 | $0 | — | — |
| Op. Income | -$17M | -$12M | -$12M | -45.8% | -39.8% |
| Gross Margin | 97.8% | — | — | — | — |
| Net Margin | -1126.1% | — | — | — | — |
| EPS (Diluted) | $-0.16 | $-0.12 | $-0.20 | -33.3% | 20.0% |
| Free Cash Flow | -$13M | -$10M | -$7M | -30.2% | -86.2% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $34.0K |
| GROSS PROFIT | $2M |
| R&D Expenses | $5M |
| Selling & Marketing | $8M |
| General & Administrative | $5M |
| SG&A Expenses | $13M |
| Other Expenses | $167.0K |
| Operating Expenses | $19M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$17M |
| Interest Income | $833.0K |
| Interest Expense | $985.0K |
| Other Income/Expenses | -$152.0K |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | -$94.0K |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $34.0K |
| EBIT | -$17M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $34.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $28.4K |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$11.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$922.0K |
| Sales/Maturities of Investments | $50M |
| Other Investing Activities | -$46M |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $574.2K |
| NET CASH FROM FINANCING | $36M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $73M |
| Short-Term Investments | $33M |
| Net Receivables | $4M |
| Inventory | $648.0K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $112M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $114M |
| Account Payables | $6M |
| Short-Term Debt | $647.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $57M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $83.0K |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $72M |
| Common Stock | $353M |
| Additional Paid-In Capital | $64M |
| Retained Earnings | -$431M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $56M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $42M |
| Minority Interest | $0 |
| TOTAL EQUITY | $42M |
| TOTAL LIABILITIES & EQUITY | $114M |
| Total Debt | $58M |
| Net Debt | -$15M |
