| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $279.7K | $1M | $4M | -79.1% | -93.3% |
| Op. Income | -$2M | -$3M | -$4M | 10.4% | 40.4% |
| Gross Margin | -431.6% | -81.2% | -51.6% | -350.4pp | -380.0pp |
| Net Margin | -1024.5% | -283.5% | -100.3% | -741.0pp | -924.2pp |
| EPS (Diluted) | $-0.90 | $-1.36 | $-1.68 | 33.8% | 46.4% |
| Free Cash Flow | -$944.1K | -$1M | -$2M | 29.4% | 61.6% |
| Item | Amount |
|---|---|
| REVENUE | $279.7K |
| Cost of Revenue | $1M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $918.1K |
| Other Income/Expenses | -$577.6K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $318.4K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $316.0K |
| Stock-Based Compensation | $112.7K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$84.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | $346.0K |
| Acquisitions (Net) | -$14.1K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$234.4K |
| NET CASH FROM INVESTING | $97.5K |
| Net Debt Issuance | -$316.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $818.5K |
| FREE CASH FLOW | -$944.1K |
| Net Change in Cash | -$327.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35.4K |
| Short-Term Investments | $0 |
| Net Receivables | $4.7K |
| Inventory | $678.4K |
| Other Current Assets | $609.3K |
| TOTAL CURRENT ASSETS | $1M |
| PP&E (Net) | $5M |
| Goodwill | $3M |
| Intangible Assets | $0 |
| Long-Term Investments | $770.3K |
| Tax Assets | $989.8K |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $19M |
| Account Payables | $3M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $907.1K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $907.1K |
| TOTAL LIABILITIES | $16M |
| Common Stock | $2.6K |
| Additional Paid-In Capital | $40M |
| Retained Earnings | -$36M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$212.8K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $19M |
| Total Debt | $10M |
| Net Debt | $10M |
