| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $500.0K | — | $0 | — | — |
| Op. Income | -$9M | — | -$4M | — | -141.5% |
| Gross Margin | 33.1% | — | — | — | — |
| Net Margin | -1871.3% | — | — | — | — |
| EPS (Diluted) | $-0.12 | — | $-0.05 | — | -136.7% |
| Free Cash Flow | -$1M | — | -$541.8K | — | -149.9% |
| Item | Amount |
|---|---|
| REVENUE | $500.0K |
| Cost of Revenue | $334.7K |
| GROSS PROFIT | $165.3K |
| R&D Expenses | $301.4K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $108.0K |
| Other Income/Expenses | -$169.6K |
| 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 | $11.3K |
| EBIT | -$9M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $11.3K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $320.4K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$4 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $752.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $752.7K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $751.3K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $751.3K |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $578.2K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1M |
| PP&E (Net) | $267.4K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $31.1K |
| TOTAL NON-CURRENT ASSETS | $298.4K |
| TOTAL ASSETS | $2M |
| Account Payables | $256.5K |
| Short-Term Debt | $174.3K |
| Deferred Revenue | $136.9K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$80.8K |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $7M |
| Common Stock | $28.2K |
| Additional Paid-In Capital | $24M |
| Retained Earnings | -$29M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$5M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$5M |
| TOTAL LIABILITIES & EQUITY | $2M |
| Total Debt | $5M |
| Net Debt | $4M |
