| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $378.1K | $312.6K | $0 | 20.9% | — |
| Op. Income | -$291.8K | -$229.1K | -$498.5K | -27.4% | 41.5% |
| Gross Margin | 80.8% | 69.7% | — | 11.1pp | — |
| Net Margin | -131.2% | -199.2% | — | 68.0pp | — |
| EPS (Diluted) | $-0.03 | $-0.04 | $-0.03 | 20.3% | 0.6% |
| Free Cash Flow | -$2M | $6.4K | -$6.6K | -24217.8% | -23534.0% |
| Item | Amount |
|---|---|
| REVENUE | $378.1K |
| Cost of Revenue | $72.6K |
| GROSS PROFIT | $305.5K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $608.1K |
| SG&A Expenses | $608.1K |
| Other Expenses | -$10.8K |
| Operating Expenses | $597.3K |
| Cost & Expenses | $669.9K |
| OPERATING INCOME | -$291.8K |
| Interest Income | $60.4K |
| Interest Expense | $22.3K |
| Other Income/Expenses | -$204.4K |
| INCOME BEFORE TAX | -$496.2K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$496.2K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$496.2K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$496.2K |
| D&A | $0 |
| EBIT | -$473.9K |
| EBITDA | -$473.9K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$496.2K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $257.4K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$2M |
| 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 | $295.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$121.5K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $64.5K |
| Short-Term Investments | $0 |
| Net Receivables | $199.2K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $289.1K |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $11M |
| Account Payables | $2M |
| Short-Term Debt | $1M |
| Deferred Revenue | $25.9K |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $645.0K |
| TOTAL NON-CURRENT LIABILITIES | $645.0K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $15 |
| Additional Paid-In Capital | $8M |
| Retained Earnings | -$3M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $11M |
| Total Debt | $1M |
| Net Debt | $1M |
