| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27.8K | — | $280.6K | — | -90.1% |
| Op. Income | -$9M | — | -$1M | — | -495.9% |
| Gross Margin | -542.4% | — | 4.9% | — | -547.2pp |
| Net Margin | -30786.6% | — | -508.7% | — | -30278.0pp |
| EPS (Diluted) | $-0.88 | — | $-0.20 | — | -340.0% |
| Free Cash Flow | -$3M | — | -$2M | — | -64.0% |
| Item | Amount |
|---|---|
| REVENUE | $27.8K |
| Cost of Revenue | $178.3K |
| GROSS PROFIT | -$150.6K |
| R&D Expenses | $339.2K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $4.1K |
| Other Income/Expenses | $43.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $163.9K |
| EBIT | -$9M |
| EBITDA | -$8M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $163.9K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$6.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6.0K |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $2.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $145.0K |
| Short-Term Investments | $0 |
| Net Receivables | $84.3K |
| Inventory | $0 |
| Other Current Assets | -$1.4K |
| TOTAL CURRENT ASSETS | $1M |
| PP&E (Net) | $784.1K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $138.1K |
| Other Non-Current Assets | $125.0K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $2M |
| Account Payables | $233.8K |
| Short-Term Debt | $399.0K |
| Deferred Revenue | $427.0K |
| Other Current Liabilities | $146.8K |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $138.1K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $6M |
| Common Stock | $5.1K |
| Additional Paid-In Capital | $16M |
| Retained Earnings | -$20M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$505.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$4M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$4M |
| TOTAL LIABILITIES & EQUITY | $2M |
| Total Debt | $5M |
| Net Debt | $5M |
