| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | — | $2M | — | 143.9% |
| Op. Income | -$331.4K | — | -$383.8K | — | 13.6% |
| Gross Margin | 0.7% | — | 2.5% | — | -1.8pp |
| Net Margin | -5.8% | — | -17.6% | — | 11.7pp |
| EPS (Diluted) | $-0.03 | — | $-0.04 | — | 10.6% |
| Free Cash Flow | -$285.5K | — | -$88.6K | — | -222.3% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $37.2K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $368.7K |
| SG&A Expenses | $368.7K |
| Other Expenses | -$880 |
| Operating Expenses | $368.7K |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$331.4K |
| Interest Income | $880 |
| Interest Expense | $880 |
| Other Income/Expenses | -$880 |
| INCOME BEFORE TAX | -$332.3K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$332.3K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$311.4K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$311.4K |
| D&A | $41.0K |
| EBIT | -$331.4K |
| EBITDA | -$290.5K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$311.4K |
| Depreciation & Amortization | $41.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3.0K |
| Other Non-Cash Items | $8.9K |
| Change in Working Capital | -$21.0K |
| OPERATING CASH FLOW | -$285.5K |
| Capital Expenditure | -$2 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $951 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $951 |
| Net Debt Issuance | -$39.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$39.9K |
| FREE CASH FLOW | -$285.5K |
| Net Change in Cash | -$344.3K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $203.2K |
| Net Receivables | $209.0K |
| Inventory | $86.3K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $2M |
| Goodwill | $4M |
| Intangible Assets | $122.3K |
| Long-Term Investments | $0 |
| Tax Assets | $22.4K |
| Other Non-Current Assets | $4.7K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $7M |
| Account Payables | $0 |
| Short-Term Debt | $169.4K |
| Deferred Revenue | $388 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $394.4K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $394.4K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $9.7K |
| Additional Paid-In Capital | $21M |
| Retained Earnings | -$16M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $275.2K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $102.8K |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $563.8K |
| Net Debt | -$552.3K |
