| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | — | -14.0% | — |
| Op. Income | $8.9K | $395.0K | — | -97.8% | — |
| Gross Margin | 130.5% | 42.7% | — | 87.8pp | — |
| Net Margin | 11.5% | 25.6% | — | -14.2pp | — |
| EPS (Diluted) | $0.07 | $0.29 | — | -75.6% | — |
| Free Cash Flow | -$45M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | -$599.5K |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $825.8K |
| Operating Expenses | $3M |
| Cost & Expenses | $2M |
| OPERATING INCOME | $8.9K |
| Interest Income | $213.7K |
| Interest Expense | $7.8K |
| Other Income/Expenses | $215.8K |
| INCOME BEFORE TAX | $224.7K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $224.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $224.7K |
| Net Income Deductions | -$233.3K |
| BOTTOM LINE NET INCOME | $331.7K |
| D&A | $477.6K |
| EBIT | $401.6K |
| EBITDA | $879.1K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | -$599.5K |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $825.8K |
| Operating Expenses | $3M |
| Cost & Expenses | $2M |
| OPERATING INCOME | $8.9K |
| Interest Income | $213.7K |
| Interest Expense | $7.8K |
| Other Income/Expenses | $215.8K |
| INCOME BEFORE TAX | $224.7K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $224.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $224.7K |
| Net Income Deductions | -$233.3K |
| BOTTOM LINE NET INCOME | $331.7K |
| D&A | $477.6K |
| EBIT | $401.6K |
| EBITDA | $879.1K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $224.7K |
| Depreciation & Amortization | $477.6K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $134.6K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$526.8K |
| Capital Expenditure | -$45M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$50M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | -$45M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $6M |
| Net Receivables | $3M |
| Inventory | $108.7K |
| Other Current Assets | $999.7K |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $40M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $456.5K |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $50M |
| TOTAL ASSETS | $63M |
| Account Payables | $638.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $337.0K |
| Other Current Liabilities | $439.6K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $3M |
| Common Stock | $14.8K |
| Additional Paid-In Capital | $30M |
| Retained Earnings | -$173.9K |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $60M |
| Minority Interest | $0 |
| TOTAL EQUITY | $60M |
| TOTAL LIABILITIES & EQUITY | $63M |
| Total Debt | $0 |
| Net Debt | -$3M |
