| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $200.0K | $0 | $25.0K | — | 700.0% |
| Op. Income | -$350.8K | -$521.1K | -$547.5K | 32.7% | 35.9% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -951.5% | — | -1630.6% | — | 679.1pp |
| EPS (Diluted) | $-0.16 | $-0.03 | $-0.04 | -408.8% | -270.4% |
| Free Cash Flow | -$395.0K | -$801.0K | -$213.5K | 50.7% | -85.0% |
| Item | Amount |
|---|---|
| REVENUE | $200.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $200.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $48.0K |
| General & Administrative | $502.8K |
| SG&A Expenses | $550.8K |
| Other Expenses | $0 |
| Operating Expenses | $550.8K |
| Cost & Expenses | $550.8K |
| OPERATING INCOME | -$350.8K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $1.1K |
| EBIT | -$350.8K |
| EBITDA | -$349.7K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $1.1K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $153.8K |
| OPERATING CASH FLOW | -$395.0K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $132.2K |
| Other Investing Activities | $300.0K |
| NET CASH FROM INVESTING | $432.2K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$395.0K |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $3M |
| Net Receivables | $600.0K |
| Inventory | $0 |
| Other Current Assets | $14.9K |
| TOTAL CURRENT ASSETS | $9M |
| 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 | $9M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $943 |
| TOTAL CURRENT LIABILITIES | $770.9K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $770.9K |
| Common Stock | $15.7K |
| Additional Paid-In Capital | $41M |
| Retained Earnings | -$33M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8M |
| Minority Interest | $0 |
| TOTAL EQUITY | $8M |
| TOTAL LIABILITIES & EQUITY | $9M |
| Total Debt | $0 |
| Net Debt | -$5M |
