| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | — | $2M | — | -17.6% |
| Op. Income | -$5M | — | -$1M | — | -346.5% |
| Gross Margin | 64.3% | — | 21.8% | — | 42.5pp |
| Net Margin | -370.8% | — | -82.2% | — | -288.6pp |
| EPS (Diluted) | $-0.89 | — | $-0.48 | — | -85.4% |
| Free Cash Flow | -$17M | — | $2M | — | -920.2% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $493.0K |
| GROSS PROFIT | $887.3K |
| R&D Expenses | $13.1K |
| Selling & Marketing | $123.9K |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$5M |
| Interest Income | $1.4K |
| Interest Expense | $833 |
| Other Income/Expenses | $30.4K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $66.6K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $114.2K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $114.2K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $47.3K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | $130 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $132 |
| Net Debt Issuance | -$11.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $82.1K |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $27M |
| PP&E (Net) | $1M |
| Goodwill | $81.8K |
| Intangible Assets | $5M |
| Long-Term Investments | $381.1K |
| Tax Assets | $11.1K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $33M |
| Account Payables | $3M |
| Short-Term Debt | $398.9K |
| Deferred Revenue | $750.5K |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $69.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $643.5K |
| TOTAL LIABILITIES | $20M |
| Common Stock | $610 |
| Additional Paid-In Capital | $131M |
| Retained Earnings | -$117M |
| Treasury Stock | -$15 |
| Accum. Other Comp. Income | $16.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14M |
| Minority Interest | -$579.2K |
| TOTAL EQUITY | $14M |
| TOTAL LIABILITIES & EQUITY | $33M |
| Total Debt | $973.4K |
| Net Debt | -$6M |
