| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $11M | — | -28.3% | — |
| Op. Income | -$6M | -$31M | — | 82.5% | — |
| Gross Margin | 6.5% | 6.4% | — | 0.1pp | — |
| Net Margin | -85.6% | -298.5% | — | 212.9pp | — |
| EPS (Diluted) | $-0.11 | $-0.62 | — | 82.3% | — |
| Free Cash Flow | -$2M | -$2M | — | -36.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $505.8K |
| R&D Expenses | $0 |
| Selling & Marketing | $343.4K |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $802.8K |
| Operating Expenses | $6M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $802.8K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $802.8K |
| Stock-Based Compensation | $935.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $135.6K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$131.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$131.9K |
| Net Debt Issuance | -$606.1K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $152.7K |
| NET CASH FROM FINANCING | $114.3K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $419.9K |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $9M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $14M |
| PP&E (Net) | $2M |
| Goodwill | $16M |
| Intangible Assets | $21M |
| Long-Term Investments | $139.8K |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $41M |
| TOTAL ASSETS | $54M |
| Account Payables | $9M |
| Short-Term Debt | $13M |
| Deferred Revenue | $245.8K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $42M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $53M |
| Common Stock | $6.3K |
| Additional Paid-In Capital | $50M |
| Retained Earnings | -$49M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $905.3K |
| Minority Interest | $0 |
| TOTAL EQUITY | $905.3K |
| TOTAL LIABILITIES & EQUITY | $54M |
| Total Debt | $25M |
| Net Debt | $24M |
