| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $963.8K | $984.8K | — | -2.1% | — |
| Op. Income | -$2M | -$2M | — | -20.1% | — |
| Gross Margin | 30.0% | 41.4% | — | -11.4pp | — |
| Net Margin | -283.3% | -188.3% | — | -95.1pp | — |
| EPS (Diluted) | $-0.09 | $-0.06 | — | -42.8% | — |
| Free Cash Flow | -$2M | -$2M | — | 8.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $963.8K |
| Cost of Revenue | $674.4K |
| GROSS PROFIT | $289.4K |
| R&D Expenses | $226.6K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$2M |
| Interest Income | $272 |
| Interest Expense | $870.7K |
| Other Income/Expenses | -$865.2K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $22.6K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $151.3K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $151.3K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $794.1K |
| Change in Working Capital | -$113.6K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$64.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$64.7K |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $510.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $330.6K |
| Inventory | $1M |
| Other Current Assets | $190.5K |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $40.6K |
| Tax Assets | $0 |
| Other Non-Current Assets | $507.2K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $6M |
| Account Payables | $1M |
| Short-Term Debt | $5M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $808.5K |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $23.7K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $563.8K |
| TOTAL LIABILITIES | $9M |
| Common Stock | $30.9K |
| Additional Paid-In Capital | $66M |
| Retained Earnings | -$69M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$3M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$3M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $6M |
| Net Debt | $5M |
