| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $559.8K | $178.2K | $313.4K | 214.2% | 78.6% |
| Op. Income | -$239.6K | -$624.3K | -$469.8K | 61.6% | 49.0% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -31.7% | -341.2% | -141.2% | 309.5pp | 109.5pp |
| EPS (Diluted) | $-0.01 | $-0.02 | $-0.01 | 70.7% | 59.8% |
| Free Cash Flow | -$641.4K | $46.2K | -$391.2K | -1488.3% | -64.0% |
| Item | Amount |
|---|---|
| REVENUE | $559.8K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $559.8K |
| R&D Expenses | $162.9K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $636.5K |
| Operating Expenses | $799.4K |
| Cost & Expenses | $799.4K |
| OPERATING INCOME | -$239.6K |
| Interest Income | $14.5K |
| Interest Expense | $0 |
| Other Income/Expenses | $61.9K |
| INCOME BEFORE TAX | -$177.7K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$177.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$177.7K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$177.7K |
| D&A | $46.3K |
| EBIT | -$239.6K |
| EBITDA | -$193.3K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$177.7K |
| Depreciation & Amortization | $46.3K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$509.9K |
| OPERATING CASH FLOW | -$641.3K |
| Capital Expenditure | -$110 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$110 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$641.4K |
| Net Change in Cash | -$641.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $969.1K |
| Inventory | $0 |
| Other Current Assets | $198.7K |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $56.1K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $4M |
| Account Payables | $13.3K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $210.7K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $1M |
| Common Stock | $3.4K |
| Additional Paid-In Capital | $128M |
| Retained Earnings | -$126M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $4M |
| Total Debt | $1M |
| Net Debt | -$88.3K |
