| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $404.0K | $152.7K | $347.2K | 164.6% | 16.4% |
| Op. Income | -$2M | -$2M | -$2M | -14.5% | -25.4% |
| Gross Margin | -101.2% | 95.3% | 96.8% | -196.5pp | -198.0pp |
| Net Margin | -5085.6% | -1969.1% | -750.8% | -3116.5pp | -4334.8pp |
| EPS (Diluted) | $-9.37 | $-1.57 | $-0.22 | -496.8% | -4159.1% |
| Free Cash Flow | -$724.6K | -$1M | -$1M | 37.7% | 44.9% |
| Item | Amount |
|---|---|
| REVENUE | $404.0K |
| Cost of Revenue | $812.9K |
| GROSS PROFIT | -$408.9K |
| R&D Expenses | $0 |
| Selling & Marketing | $5.7K |
| General & Administrative | $168.9K |
| SG&A Expenses | $174.7K |
| Other Expenses | $1M |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $17.8K |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $8.9K |
| EBIT | -$21M |
| EBITDA | -$21M |
| EPS | -$9 |
| EPS Diluted | -$9 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $8.9K |
| Stock-Based Compensation | $339.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $723.7K |
| OPERATING CASH FLOW | -$724.6K |
| 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 | $256.5K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $399.7K |
| FREE CASH FLOW | -$724.6K |
| Net Change in Cash | -$324.9K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $289.4K |
| Short-Term Investments | $0 |
| Net Receivables | $78.6K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $399.6K |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $15M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.3K |
| TOTAL NON-CURRENT ASSETS | $21M |
| TOTAL ASSETS | $21M |
| Account Payables | $3M |
| Short-Term Debt | $2M |
| Deferred Revenue | $330 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $500.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $500.0K |
| TOTAL LIABILITIES | $6M |
| Common Stock | $202.2K |
| Additional Paid-In Capital | $43M |
| Retained Earnings | -$28M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15M |
| Minority Interest | $0 |
| TOTAL EQUITY | $15M |
| TOTAL LIABILITIES & EQUITY | $21M |
| Total Debt | $3M |
| Net Debt | $2M |
