| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $474.6K | — | $961.2K | — | -50.6% |
| Op. Income | -$684.5K | — | -$1M | — | 44.1% |
| Gross Margin | 2.2% | — | -1.6% | — | 3.8pp |
| Net Margin | -69.1% | — | -115.6% | — | 46.5pp |
| EPS (Diluted) | $-0.09 | — | $-0.38 | — | 75.4% |
| Free Cash Flow | $407.0K | — | -$4M | — | 110.5% |
| Item | Amount |
|---|---|
| REVENUE | $474.6K |
| Cost of Revenue | $464.1K |
| GROSS PROFIT | $10.5K |
| R&D Expenses | $0 |
| Selling & Marketing | $62.8K |
| General & Administrative | $632.3K |
| SG&A Expenses | $695.0K |
| Other Expenses | $0 |
| Operating Expenses | $695.0K |
| Cost & Expenses | $1M |
| OPERATING INCOME | -$684.5K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $347.2K |
| INCOME BEFORE TAX | -$337.3K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$337.3K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$327.8K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$327.8K |
| D&A | $18.5K |
| EBIT | -$684.5K |
| EBITDA | -$666.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$327.8K |
| Depreciation & Amortization | $18.5K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$304.9K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $407.0K |
| Capital Expenditure | -$3 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $407.0K |
| Net Change in Cash | $524.5K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $352.5K |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $19M |
| PP&E (Net) | $146.1K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $85.0K |
| TOTAL NON-CURRENT ASSETS | $231.1K |
| TOTAL ASSETS | $19M |
| Account Payables | $884.5K |
| Short-Term Debt | $0 |
| Deferred Revenue | $66.3K |
| Other Current Liabilities | $19.6K |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $7M |
| Common Stock | $104M |
| Additional Paid-In Capital | $2M |
| Retained Earnings | -$92M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $147.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15M |
| Minority Interest | -$3M |
| TOTAL EQUITY | $12M |
| TOTAL LIABILITIES & EQUITY | $19M |
| Total Debt | $0 |
| Net Debt | -$15M |
