| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $81.0K | $32.0K | $0 | 153.1% | — |
| Op. Income | $181.0K | -$4M | -$3M | 104.1% | 105.9% |
| Gross Margin | 93.8% | 12.5% | — | 81.3pp | — |
| Net Margin | -4839.5% | -7500.0% | — | 2660.5pp | — |
| EPS (Diluted) | $-0.45 | $-0.30 | $-0.86 | -50.0% | 47.7% |
| Free Cash Flow | -$289.1K | -$3M | -$3M | 89.6% | 89.2% |
| Item | Amount |
|---|---|
| REVENUE | $81.0K |
| Cost of Revenue | $5.0K |
| GROSS PROFIT | $76.0K |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | -$3M |
| Operating Expenses | -$105.0K |
| Cost & Expenses | -$100.0K |
| OPERATING INCOME | $181.0K |
| Interest Income | $0 |
| Interest Expense | $1.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $116.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $116.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$181.4K |
| Capital Expenditure | -$107.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$107.8K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$289.1K |
| Net Change in Cash | -$271.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $881.0K |
| Short-Term Investments | $0 |
| Net Receivables | $514.0K |
| Inventory | $0 |
| Other Current Assets | $358.0K |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $884.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $148.0K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $3M |
| Account Payables | $4M |
| Short-Term Debt | $274.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $376.0K |
| TOTAL LIABILITIES | $6M |
| Common Stock | $0 |
| Additional Paid-In Capital | $123M |
| Retained Earnings | -$123M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $999 |
| TOTAL STOCKHOLDERS' EQUITY | -$3M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$3M |
| TOTAL LIABILITIES & EQUITY | $3M |
| Total Debt | $650.0K |
| Net Debt | -$231.0K |
