| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $207.5K | $0 | $26.3K | — | 689.4% |
| Op. Income | -$1M | -$1M | -$1M | -15.1% | 18.0% |
| Gross Margin | 95.9% | — | 9.3% | — | 86.6pp |
| Net Margin | -482.4% | — | -5012.3% | — | 4529.9pp |
| EPS (Diluted) | $-0.21 | $-0.26 | $-0.53 | 21.3% | 61.0% |
| Free Cash Flow | -$641.5K | -$716.6K | -$2M | 10.5% | 63.5% |
| Item | Amount |
|---|---|
| REVENUE | $207.5K |
| Cost of Revenue | $8.6K |
| GROSS PROFIT | $198.9K |
| R&D Expenses | $6.4K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $1M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $16.9K |
| 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 | $0 |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$961.7K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $171.3K |
| Change in Working Capital | $149.0K |
| OPERATING CASH FLOW | -$641.4K |
| 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 | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$641.5K |
| Net Change in Cash | -$633.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $1 |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $4M |
| Account Payables | $3.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.0K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $3.0K |
| Common Stock | $217M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$202M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $469.7K |
| Other Equity | $1 |
| TOTAL STOCKHOLDERS' EQUITY | $16M |
| Minority Interest | -$12M |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $4M |
| Total Debt | $0 |
| Net Debt | -$3M |
