| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $3M | -23.3% | -35.2% |
| Op. Income | -$1M | -$1M | -$5M | -30.9% | 67.3% |
| Gross Margin | -31.3% | -17.3% | -8.2% | -13.9pp | -23.1pp |
| Net Margin | -83.7% | -50.8% | -166.1% | -32.9pp | 82.3pp |
| EPS (Diluted) | $-0.39 | $-0.38 | $-2.30 | -2.6% | 83.0% |
| Free Cash Flow | -$39.3K | -$115.5K | -$1M | 66.0% | 96.1% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$554.9K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $685.2K |
| SG&A Expenses | $685.2K |
| Other Expenses | $245.1K |
| Operating Expenses | $930.2K |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $571 |
| Other Income/Expenses | -$571 |
| 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 | $3.4K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $3.7K |
| Stock-Based Compensation | $33.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $476.9K |
| Change in Working Capital | $932.0K |
| OPERATING CASH FLOW | -$39.3K |
| Capital Expenditure | -$5 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$4.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $56.2K |
| NET CASH FROM FINANCING | $51.5K |
| FREE CASH FLOW | -$39.3K |
| Net Change in Cash | $12.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15.8K |
| Short-Term Investments | $0 |
| Net Receivables | $846.6K |
| Inventory | $0 |
| Other Current Assets | $188.2K |
| TOTAL CURRENT ASSETS | $1M |
| PP&E (Net) | $3M |
| Goodwill | $8M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $381.0K |
| TOTAL NON-CURRENT ASSETS | $11M |
| TOTAL ASSETS | $12M |
| Account Payables | $4M |
| Short-Term Debt | $243.7K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $8M |
| Common Stock | $944 |
| Additional Paid-In Capital | $79M |
| Retained Earnings | -$74M |
| Treasury Stock | -$110.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $12M |
| Total Debt | $243.7K |
| Net Debt | $227.9K |
