| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $474.1K | $363.1K | — | 30.6% | — |
| Op. Income | $180.0K | -$1M | — | 115.2% | — |
| Gross Margin | 2.1% | 83.4% | — | -81.3pp | — |
| Net Margin | -200.9% | -460.1% | — | 259.2pp | — |
| EPS (Diluted) | $-0.23 | $-0.46 | — | 50.0% | — |
| Free Cash Flow | -$3M | -$745.2K | — | -280.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $474.1K |
| Cost of Revenue | $464.1K |
| GROSS PROFIT | $10.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | -$169.9K |
| Other Expenses | $0 |
| Operating Expenses | -$169.9K |
| Cost & Expenses | $294.1K |
| OPERATING INCOME | $180.0K |
| Interest Income | $135.2K |
| Interest Expense | $146.4K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$931.9K |
| Income Tax Expense | $30.2K |
| Net Income from Continuing Ops | -$962.2K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$952.5K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$952.5K |
| D&A | $0 |
| EBIT | -$785.6K |
| EBITDA | -$785.6K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$952.5K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$356.8K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | $2 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$270.3K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $429.3K |
| Inventory | $0 |
| Other Current Assets | $53.2K |
| TOTAL CURRENT ASSETS | $18M |
| PP&E (Net) | $84.4K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10.2K |
| TOTAL NON-CURRENT ASSETS | $94.6K |
| TOTAL ASSETS | $18M |
| Account Payables | $701.1K |
| Short-Term Debt | $999.9K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $466.3K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $497.4K |
| TOTAL LIABILITIES | $8M |
| Common Stock | $105M |
| Additional Paid-In Capital | $2M |
| Retained Earnings | -$95M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$596.9K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12M |
| Minority Interest | -$2M |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $18M |
| Total Debt | $2M |
| Net Debt | -$16M |
