| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $250.4K | — | $373.2K | — | -32.9% |
| Op. Income | -$5M | — | -$9M | — | 39.2% |
| Gross Margin | 33.7% | — | 68.6% | — | -34.8pp |
| Net Margin | -3142.0% | — | -2847.4% | — | -294.7pp |
| EPS (Diluted) | $-0.05 | — | $-7.71 | — | 99.4% |
| Free Cash Flow | -$4M | — | -$9M | — | 50.8% |
| Item | Amount |
|---|---|
| REVENUE | $250.4K |
| Cost of Revenue | $165.9K |
| GROSS PROFIT | $84.4K |
| R&D Expenses | $2M |
| Selling & Marketing | $1M |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | -$560.9K |
| Operating Expenses | $5M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | -$588.7K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $267.9K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $115.8K |
| Stock-Based Compensation | -$141.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $112.5K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$93 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$582.2K |
| NET CASH FROM INVESTING | -$582.3K |
| Net Debt Issuance | $859.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $889.1K |
| Short-Term Investments | $0 |
| Net Receivables | $110.9K |
| Inventory | $216.9K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $5M |
| Account Payables | $425.1K |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $992.5K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $107.8K |
| Additional Paid-In Capital | $106M |
| Retained Earnings | -$105M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$617.7K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $641.6K |
| Minority Interest | $0 |
| TOTAL EQUITY | $641.6K |
| TOTAL LIABILITIES & EQUITY | $5M |
| Total Debt | $3M |
| Net Debt | $2M |
