| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $55.5K | $295.4K | — | -81.2% | — |
| Op. Income | -$9M | -$19M | — | 53.2% | — |
| Gross Margin | -32.7% | 11.9% | — | -44.6pp | — |
| Net Margin | -23741.9% | -6551.1% | — | -17190.8pp | — |
| EPS (Diluted) | $-0.16 | $-0.26 | — | 38.5% | — |
| Free Cash Flow | -$2M | -$3M | — | 28.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $55.5K |
| Cost of Revenue | $73.6K |
| GROSS PROFIT | -$18.2K |
| R&D Expenses | $689.3K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $167.1K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $40.0K |
| EBIT | -$9M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $40.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $983.7K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$613.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$613.5K |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $707.2K |
| NET CASH FROM FINANCING | $911.3K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $89.6K |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $1M |
| Other Current Assets | $2.0K |
| TOTAL CURRENT ASSETS | $1M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $79.6K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $4M |
| Account Payables | $716.3K |
| Short-Term Debt | $6M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $292.8K |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $131.5K |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $14M |
| Common Stock | $75.0K |
| Additional Paid-In Capital | $72M |
| Retained Earnings | -$82M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$10M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$10M |
| TOTAL LIABILITIES & EQUITY | $4M |
| Total Debt | $9M |
| Net Debt | $9M |
