| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | — | $3M | — | -47.0% |
| Op. Income | $1M | — | $2M | — | -58.8% |
| Gross Margin | 100.0% | — | 91.8% | — | 8.2pp |
| Net Margin | -141.2% | — | 88.4% | — | -229.6pp |
| EPS (Diluted) | $-0.75 | — | $1.02 | — | -173.5% |
| Free Cash Flow | $491.8K | — | $957.7K | — | -48.6% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $8.3K |
| General & Administrative | $562.5K |
| SG&A Expenses | $570.8K |
| Other Expenses | $0 |
| Operating Expenses | $570.8K |
| Cost & Expenses | $570.8K |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $25.4K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$9.2K |
| 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 | -$1M |
| EBIT | $1M |
| EBITDA | $0 |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $6.3K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $129.2K |
| OPERATING CASH FLOW | $491.8K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$861.2K |
| FREE CASH FLOW | $491.8K |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $183.7K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $44M |
| Tax Assets | $116.9K |
| Other Non-Current Assets | -$44M |
| TOTAL NON-CURRENT ASSETS | $116.9K |
| TOTAL ASSETS | $55M |
| Account Payables | $65.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $366.1K |
| Other Current Liabilities | -$366.1K |
| TOTAL CURRENT LIABILITIES | $592.2K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $366.1K |
| TOTAL NON-CURRENT LIABILITIES | $366.1K |
| TOTAL LIABILITIES | $958.3K |
| Common Stock | $303.8K |
| Additional Paid-In Capital | $64M |
| Retained Earnings | -$9M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $54M |
| Minority Interest | $0 |
| TOTAL EQUITY | $54M |
| TOTAL LIABILITIES & EQUITY | $55M |
| Total Debt | $0 |
| Net Debt | -$9M |
