| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $528.0K | $983.0K | $655.0K | -46.3% | -19.4% |
| Op. Income | -$13M | -$11M | -$9M | -16.1% | -47.1% |
| Gross Margin | 91.5% | 100.0% | 100.0% | -8.5pp | -8.5pp |
| Net Margin | -34689.2% | -7288.2% | -4280.8% | -27401.0pp | -30408.4pp |
| EPS (Diluted) | $-23.87 | $-8.36 | $-9.00 | -185.5% | -165.2% |
| Free Cash Flow | -$6M | -$9M | $3M | 35.2% | -269.6% |
| Item | Amount |
|---|---|
| REVENUE | $528.0K |
| Cost of Revenue | $45.0K |
| GROSS PROFIT | $483.0K |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$13M |
| Interest Income | $788.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$171M |
| INCOME BEFORE TAX | -$183M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$183M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$183M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$183M |
| D&A | $45.0K |
| EBIT | -$13M |
| EBITDA | -$13M |
| EPS | -$24 |
| EPS Diluted | -$24 |
| Item | Amount |
|---|---|
| Net Income | -$183M |
| Depreciation & Amortization | $45.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $172M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$59.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$59.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $89M |
| Short-Term Investments | $0 |
| Net Receivables | $208.0K |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $92M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $688.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $46.0K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $99M |
| Account Payables | $728.0K |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $271M |
| TOTAL NON-CURRENT LIABILITIES | $277M |
| TOTAL LIABILITIES | $286M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $340M |
| Retained Earnings | -$527M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$188M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$188M |
| TOTAL LIABILITIES & EQUITY | $99M |
| Total Debt | $7M |
| Net Debt | -$83M |
