| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $137.7K | $108.9K | $64.4K | 26.4% | 113.7% |
| Op. Income | -$2M | -$2M | -$2M | -10.3% | -9.5% |
| Gross Margin | -8.3% | 34.8% | -73.3% | -43.1pp | 64.9pp |
| Net Margin | -2099.0% | -2008.0% | -3390.9% | -90.9pp | 1292.0pp |
| EPS (Diluted) | $-1.53 | $-1.44 | $-47.01 | -6.3% | 96.7% |
| Free Cash Flow | -$2M | -$2M | -$2M | 20.8% | -1.0% |
| Item | Amount |
|---|---|
| REVENUE | $137.7K |
| Cost of Revenue | $149.2K |
| GROSS PROFIT | -$11.5K |
| R&D Expenses | $60.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $7.0K |
| Other Income/Expenses | -$435.6K |
| 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 | $98.3K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $98.3K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $604.9K |
| Change in Working Capital | $559.3K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$90.4K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$234.4K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $47.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $35.9K |
| Inventory | $146.5K |
| Other Current Assets | $21.4K |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $116.7K |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $27.4K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $7M |
| Account Payables | $484.7K |
| Short-Term Debt | $223.5K |
| Deferred Revenue | $6.6K |
| Other Current Liabilities | $981.2K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $2M |
| Common Stock | $19 |
| Additional Paid-In Capital | $112M |
| Retained Earnings | -$107M |
| Treasury Stock | -$38.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | -$53.7K |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $223.5K |
| Net Debt | -$5M |
