| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | — | -15.2% | — |
| Op. Income | -$848.7K | -$5M | — | 81.3% | — |
| Gross Margin | -0.8% | -8.2% | — | 7.4pp | — |
| Net Margin | -46.9% | -166.1% | — | 119.1pp | — |
| EPS (Diluted) | $-0.47 | $-2.30 | — | 79.6% | — |
| Free Cash Flow | -$155.8K | -$1M | — | 84.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$18.6K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $567.7K |
| SG&A Expenses | $567.7K |
| Other Expenses | $262.3K |
| Operating Expenses | $830.0K |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$848.7K |
| Interest Income | $0 |
| Interest Expense | $225.3K |
| Other Income/Expenses | -$240.3K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $262.1K |
| EBIT | -$863.7K |
| EBITDA | -$601.4K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $262.1K |
| Stock-Based Compensation | $33.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $423 |
| Change in Working Capital | $636.8K |
| OPERATING CASH FLOW | -$155.8K |
| 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 | -$77.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $47.6K |
| NET CASH FROM FINANCING | $157.7K |
| FREE CASH FLOW | -$155.8K |
| Net Change in Cash | $1.9K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29.3K |
| Short-Term Investments | $0 |
| Net Receivables | $805.1K |
| Inventory | $0 |
| Other Current Assets | $2.3K |
| TOTAL CURRENT ASSETS | $841.6K |
| PP&E (Net) | $3M |
| Goodwill | $8M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $387.2K |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $13M |
| Account Payables | $5M |
| Short-Term Debt | $224.5K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $93.9K |
| TOTAL LIABILITIES | $10M |
| Common Stock | $237 |
| Additional Paid-In Capital | $71M |
| Retained Earnings | -$69M |
| Treasury Stock | -$110.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $13M |
| Total Debt | $364.9K |
| Net Debt | $335.5K |
