| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | — | $29M | — | -41.0% |
| Op. Income | -$370.7K | — | -$228.3K | — | -62.4% |
| Gross Margin | 1.2% | — | 2.0% | — | -0.8pp |
| Net Margin | 2.0% | — | -0.7% | — | 2.7pp |
| EPS (Diluted) | $0.18 | — | $-0.14 | — | 226.6% |
| Free Cash Flow | $0 | — | -$1M | — | 100.0% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $208.2K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $289.5K |
| SG&A Expenses | $578.9K |
| Other Expenses | $0 |
| Operating Expenses | $578.9K |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$370.7K |
| Interest Income | $220.2K |
| Interest Expense | $24.3K |
| Other Income/Expenses | $717.2K |
| INCOME BEFORE TAX | $346.4K |
| Income Tax Expense | $570 |
| Net Income from Continuing Ops | $345.9K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $345.9K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $345.9K |
| D&A | $8.7K |
| EBIT | $370.7K |
| EBITDA | $379.4K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $345.9K |
| Depreciation & Amortization | $8.7K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $187 |
| Other Non-Cash Items | -$658.8K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $2M |
| Acquisitions (Net) | $1.8K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | $110.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $0 |
| Net Receivables | $32.4K |
| Inventory | $0 |
| Other Current Assets | $134.5K |
| TOTAL CURRENT ASSETS | $23M |
| PP&E (Net) | $19.8K |
| Goodwill | $0 |
| Intangible Assets | $5.5K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $18.9K |
| TOTAL NON-CURRENT ASSETS | $44.1K |
| TOTAL ASSETS | $23M |
| Account Payables | $1M |
| Short-Term Debt | $812.9K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $559.8K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $338 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $338 |
| TOTAL LIABILITIES | $3M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $20M |
| Retained Earnings | -$718.1K |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $307.8K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20M |
| Minority Interest | $0 |
| TOTAL EQUITY | $20M |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $812.9K |
| Net Debt | -$18M |
