| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $219.6K | $0 | -100.0% | — |
| Op. Income | -$26M | -$6M | $5M | -330.4% | -597.8% |
| EPS (Diluted) | $-0.93 | $-0.29 | $0.20 | -225.6% | -553.6% |
| Free Cash Flow | -$2M | $46M | -$434.9K | -104.6% | -394.9% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $890.1K |
| GROSS PROFIT | -$1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $21M |
| Operating Expenses | $25M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$26M |
| Interest Income | $96.6K |
| Interest Expense | $990.6K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $3M |
| EBIT | -$25M |
| EBITDA | -$22M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$685.5K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $7M |
| Sales/Maturities of Investments | -$12M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | $915.9K |
| Net Debt Issuance | $42M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$42M |
| NET CASH FROM FINANCING | $228.7K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $14.8K |
| Goodwill | $0 |
| Intangible Assets | $28M |
| Long-Term Investments | $501.1K |
| Tax Assets | $0 |
| Other Non-Current Assets | $92M |
| TOTAL NON-CURRENT ASSETS | $121M |
| TOTAL ASSETS | $124M |
| Account Payables | $555.5K |
| Short-Term Debt | $22M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $16M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $427.5K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $40M |
| Common Stock | $51M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$34M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $67M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $84M |
| Minority Interest | $0 |
| TOTAL EQUITY | $84M |
| TOTAL LIABILITIES & EQUITY | $124M |
| Total Debt | $38M |
| Net Debt | $37M |
