| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $13M | $135.9K | 137.0% | 23386.5% |
| Op. Income | -$2M | -$3M | -$5M | 20.7% | 60.6% |
| Gross Margin | 0.3% | 0.8% | 100.0% | -0.5pp | -99.7pp |
| Net Margin | -6.8% | -30.9% | -9795.0% | 24.2pp | 9788.2pp |
| EPS (Diluted) | $-0.10 | $-0.22 | $-2.66 | 54.5% | 96.2% |
| Free Cash Flow | -$1M | -$1M | -$482.9K | 14.3% | -111.4% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $103.0K |
| R&D Expenses | $185.9K |
| Selling & Marketing | $56.3K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $748.1K |
| Operating Expenses | $2M |
| Cost & Expenses | $34M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $38.0K |
| Other Income/Expenses | -$33.5K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $748.5K |
| EBIT | -$2M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $748.5K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $927.0K |
| Change in Working Capital | -$533.5K |
| OPERATING CASH FLOW | -$1M |
| 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 | $200.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $200.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$820.9K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $122.5K |
| Short-Term Investments | $30.9K |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1M |
| PP&E (Net) | $106 |
| Goodwill | $2M |
| Intangible Assets | $12M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $16M |
| Account Payables | $2M |
| Short-Term Debt | $200.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $5M |
| Common Stock | $2.5K |
| Additional Paid-In Capital | $120M |
| Retained Earnings | -$110M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | $194.9K |
| TOTAL EQUITY | $11M |
| TOTAL LIABILITIES & EQUITY | $16M |
| Total Debt | $200.0K |
| Net Debt | $77.5K |
