| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $307.9K | $474.1K | — | -35.1% | — |
| Op. Income | -$564.8K | $180.0K | — | -413.9% | — |
| Gross Margin | 3.4% | 2.1% | — | 1.2pp | — |
| Net Margin | -3077.1% | -200.9% | — | -2876.2pp | — |
| EPS (Diluted) | $-2.25 | $-0.23 | — | -878.3% | — |
| Free Cash Flow | -$10M | -$3M | — | -246.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $307.9K |
| Cost of Revenue | $297.6K |
| GROSS PROFIT | $10.3K |
| R&D Expenses | $0 |
| Selling & Marketing | -$47.4K |
| General & Administrative | $527.7K |
| SG&A Expenses | $480.3K |
| Other Expenses | $94.9K |
| Operating Expenses | $575.2K |
| Cost & Expenses | $872.7K |
| OPERATING INCOME | -$564.8K |
| Interest Income | $0 |
| Interest Expense | $114.4K |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$7.8K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $0 |
| EBIT | -$564.8K |
| EBITDA | -$564.8K |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$42.0K |
| Change in Working Capital | -$291.7K |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | $3 |
| Acquisitions (Net) | $108.3K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $108.3K |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$424.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $177.2K |
| Inventory | $0 |
| Other Current Assets | $98.2K |
| TOTAL CURRENT ASSETS | $18M |
| PP&E (Net) | $71.7K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10.3K |
| TOTAL NON-CURRENT ASSETS | $81.9K |
| TOTAL ASSETS | $18M |
| Account Payables | $429.5K |
| Short-Term Debt | $655.0K |
| Deferred Revenue | $44.9K |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $466.3K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $481.4K |
| TOTAL LIABILITIES | $16M |
| Common Stock | $105M |
| Additional Paid-In Capital | $2M |
| Retained Earnings | -$104M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$505.4K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | -$1M |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $18M |
| Total Debt | $1M |
| Net Debt | -$16M |
