| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $359.4K | $129.9K | $354.4K | 176.7% | 1.4% |
| Op. Income | -$303.9K | -$815.1K | -$231.7K | 62.7% | -31.2% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -83.0% | -618.8% | -47.1% | 535.7pp | -36.0pp |
| EPS (Diluted) | $-0.01 | $-0.02 | $-0.01 | 62.8% | -78.0% |
| Free Cash Flow | -$143.9K | -$78.5K | -$258.5K | -83.2% | 44.3% |
| Item | Amount |
|---|---|
| REVENUE | $359.4K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $359.4K |
| R&D Expenses | $141.7K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $521.6K |
| Operating Expenses | $663.4K |
| Cost & Expenses | $663.4K |
| OPERATING INCOME | -$303.9K |
| Interest Income | $5.4K |
| Interest Expense | $0 |
| Other Income/Expenses | $5.4K |
| INCOME BEFORE TAX | -$298.5K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$298.5K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$298.5K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$298.5K |
| D&A | $46.8K |
| EBIT | -$298.5K |
| EBITDA | -$251.7K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$298.5K |
| Depreciation & Amortization | $46.8K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $108.2K |
| OPERATING CASH FLOW | -$143.5K |
| Capital Expenditure | -$377 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$373 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$143.9K |
| Net Change in Cash | -$143.9K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $371.9K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2M |
| 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 | $3M |
| Account Payables | $29.1K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.3K |
| TOTAL CURRENT LIABILITIES | $212.1K |
| 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 | -$127M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1M |
| Minority Interest | $0 |
| TOTAL EQUITY | $1M |
| TOTAL LIABILITIES & EQUITY | $3M |
| Total Debt | $1M |
| Net Debt | $69.2K |
