| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $72.1K | $359.4K | $178.2K | -79.9% | -59.5% |
| Op. Income | -$773.5K | -$303.9K | -$624.3K | -154.5% | -23.9% |
| Gross Margin | 35.1% | 100.0% | 100.0% | -64.9pp | -64.9pp |
| Net Margin | -1061.5% | -83.0% | -341.2% | -978.4pp | -720.2pp |
| EPS (Diluted) | $-0.02 | $-0.01 | $-0.02 | -156.2% | -26.0% |
| Free Cash Flow | -$466.1K | -$143.9K | $46.2K | -223.9% | -1108.9% |
| Item | Amount |
|---|---|
| REVENUE | $72.1K |
| Cost of Revenue | $46.8K |
| GROSS PROFIT | $25.3K |
| R&D Expenses | $134.8K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $664.1K |
| Other Expenses | $0 |
| Operating Expenses | $798.9K |
| Cost & Expenses | $845.7K |
| OPERATING INCOME | -$773.5K |
| Interest Income | $8.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $8.0K |
| INCOME BEFORE TAX | -$765.6K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$765.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$765.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$765.6K |
| D&A | $46.8K |
| EBIT | -$773.5K |
| EBITDA | -$726.8K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$765.6K |
| Depreciation & Amortization | $46.8K |
| Stock-Based Compensation | $199.7K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $30.0K |
| Change in Working Capital | $23.2K |
| OPERATING CASH FLOW | -$465.9K |
| Capital Expenditure | -$144 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$144 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$466.1K |
| Net Change in Cash | -$466.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $664.3K |
| Short-Term Investments | $0 |
| Net Receivables | $408.7K |
| Inventory | $0 |
| Other Current Assets | $71.0K |
| TOTAL CURRENT ASSETS | $1M |
| 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 | $2M |
| Account Payables | $132.7K |
| Short-Term Debt | $146.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19.2K |
| TOTAL CURRENT LIABILITIES | $297.9K |
| Long-Term Debt | $1M |
| 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 | $129M |
| Retained Earnings | -$128M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $933.6K |
| Minority Interest | $0 |
| TOTAL EQUITY | $933.6K |
| TOTAL LIABILITIES & EQUITY | $2M |
| Total Debt | $1M |
| Net Debt | $502.0K |
