| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $1M | $2M | 2.9% | -30.5% |
| Op. Income | -$6M | -$5M | -$3M | -6.4% | -77.5% |
| Gross Margin | -100.1% | -81.5% | 2.0% | -18.6pp | -102.1pp |
| Net Margin | -464.8% | -446.1% | -208.8% | -18.7pp | -256.0pp |
| EPS (Diluted) | $-0.24 | $-0.31 | $-0.93 | 22.6% | 74.2% |
| Free Cash Flow | -$8M | -$6M | -$4M | -27.3% | -104.0% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$6M |
| Interest Income | $31.1K |
| Interest Expense | $433.7K |
| Other Income/Expenses | -$402.2K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $1M |
| EBIT | -$6M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $188.6K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $188.3K |
| Other Current Assets | $477.7K |
| TOTAL CURRENT ASSETS | $21M |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $398.1K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $92.4K |
| TOTAL NON-CURRENT ASSETS | $19M |
| TOTAL ASSETS | $40M |
| Account Payables | $4M |
| Short-Term Debt | $9M |
| Deferred Revenue | $267.4K |
| Other Current Liabilities | $243.0K |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $505.7K |
| TOTAL LIABILITIES | $16M |
| Common Stock | $3.5K |
| Additional Paid-In Capital | $102M |
| Retained Earnings | -$78M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24M |
| Minority Interest | $0 |
| TOTAL EQUITY | $24M |
| TOTAL LIABILITIES & EQUITY | $40M |
| Total Debt | $10M |
| Net Debt | -$3M |
