| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $144.9K | $72.9K | $50.7K | 98.7% | 185.9% |
| Op. Income | -$5M | -$5M | -$1M | 5.2% | -286.1% |
| Gross Margin | 63.4% | 93.7% | 70.4% | -30.3pp | -7.0pp |
| Net Margin | 949.0% | -10162.0% | -65749.0% | 11111.0pp | 66697.9pp |
| EPS (Diluted) | $0.03 | $-0.19 | $-0.93 | 115.8% | 103.2% |
| Free Cash Flow | -$4M | -$3M | -$19M | -32.1% | 76.9% |
| Item | Amount |
|---|---|
| REVENUE | $144.9K |
| Cost of Revenue | $53.0K |
| GROSS PROFIT | $91.9K |
| R&D Expenses | $6.2K |
| Selling & Marketing | $15.6K |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $210.2K |
| Operating Expenses | $5M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $442.9K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $216.4K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $328.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$442.1K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | $1.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$66.5K |
| NET CASH FROM INVESTING | -$65.4K |
| Net Debt Issuance | $550.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $833.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $147.4K |
| Inventory | $10M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $16M |
| PP&E (Net) | $113.5K |
| Goodwill | $5M |
| Intangible Assets | $8M |
| Long-Term Investments | $236.5K |
| Tax Assets | $0 |
| Other Non-Current Assets | $33.9K |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $29M |
| Account Payables | $4M |
| Short-Term Debt | $17M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $34M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $215M |
| Retained Earnings | -$220M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $358.5K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$4M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$4M |
| TOTAL LIABILITIES & EQUITY | $29M |
| Total Debt | $17M |
| Net Debt | $16M |
