| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $3M | -2.1% | -0.9% |
| Op. Income | $458.4K | $728.4K | $794.3K | -37.1% | -42.3% |
| Gross Margin | 34.8% | 61.6% | 62.9% | -26.7pp | -28.0pp |
| Net Margin | 10.2% | 15.4% | 2.6% | -5.2pp | 7.6pp |
| EPS (Diluted) | $0.03 | $0.04 | $0.01 | -35.6% | 321.2% |
| Free Cash Flow | $973.4K | $941.1K | $1M | 3.4% | -21.9% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $830.9K |
| SG&A Expenses | $830.9K |
| Other Expenses | -$3M |
| Operating Expenses | -$2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | $458.4K |
| Interest Income | $71.2K |
| Interest Expense | $206.7K |
| Other Income/Expenses | -$135.6K |
| INCOME BEFORE TAX | $322.8K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $322.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $322.8K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $312.9K |
| D&A | $410.6K |
| EBIT | $529.6K |
| EBITDA | $940.2K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $830.9K |
| SG&A Expenses | $830.9K |
| Other Expenses | -$3M |
| Operating Expenses | -$2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | $458.4K |
| Interest Income | $71.2K |
| Interest Expense | $206.7K |
| Other Income/Expenses | -$135.6K |
| INCOME BEFORE TAX | $322.8K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $322.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $322.8K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $312.9K |
| D&A | $410.6K |
| EBIT | $529.6K |
| EBITDA | $940.2K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $322.8K |
| Depreciation & Amortization | $410.6K |
| Stock-Based Compensation | $106.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $250.4K |
| Change in Working Capital | -$71.2K |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$45.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$72.4K |
| NET CASH FROM INVESTING | -$118.1K |
| Net Debt Issuance | -$605.4K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $451.6K |
| NET CASH FROM FINANCING | -$974.2K |
| FREE CASH FLOW | $973.4K |
| Net Change in Cash | -$73.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $117.9K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $0 |
| Goodwill | $694.1K |
| Intangible Assets | $0 |
| Long-Term Investments | $55M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$55M |
| TOTAL NON-CURRENT ASSETS | $694.1K |
| TOTAL ASSETS | $64M |
| Account Payables | $0 |
| Short-Term Debt | $655.5K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $655.5K |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $18M |
| Common Stock | $113.6K |
| Additional Paid-In Capital | $50M |
| Retained Earnings | -$3M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $47M |
| Minority Interest | $0 |
| TOTAL EQUITY | $47M |
| TOTAL LIABILITIES & EQUITY | $64M |
| Total Debt | $16M |
| Net Debt | $8M |
