| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $365.1K | — | $969.0K | — | -62.3% |
| Op. Income | -$5M | — | -$6M | — | 19.3% |
| Gross Margin | -352.8% | — | -319.6% | — | -33.2pp |
| Net Margin | -1410.7% | — | -649.3% | — | -761.3pp |
| EPS (Diluted) | $-0.22 | — | $-0.27 | — | 18.5% |
| Free Cash Flow | -$3M | — | -$839.7K | — | -205.0% |
| Item | Amount |
|---|---|
| REVENUE | $365.1K |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $355.9K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $461.8K |
| Other Income/Expenses | -$647.9K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $1M |
| EBIT | -$5M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $501.8K |
| Change in Working Capital | $784.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$597 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$592 |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $105.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $140.6K |
| Short-Term Investments | $0 |
| Net Receivables | $43.7K |
| Inventory | $0 |
| Other Current Assets | $44.0K |
| TOTAL CURRENT ASSETS | $228.2K |
| PP&E (Net) | $41.9K |
| Goodwill | $0 |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $18M |
| Account Payables | $2M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $774.4K |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $534.8K |
| TOTAL NON-CURRENT LIABILITIES | $534.8K |
| TOTAL LIABILITIES | $13M |
| Common Stock | $126M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$121M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $18M |
| Total Debt | $9M |
| Net Debt | $9M |
