Overview of QQ1 2025 financials with YoY and QoQ context where available:
- Revenue: None reported for QQ1 2025 (no revenue figure populated in the data). This absence drives the lack of gross profit and makes profitability highly contingent on cost management and potential licensing/technology deployment monetization.
- Gross Profit / Gross Margin: Not reported (grossProfit = null). Given the revenue absence, gross margin cannot be assessed.
- Operating Income: -$966,062. YoY change: -43.12%. QoQ change: -341.52%.
- Interpretation: The company remains in operating loss territory with no revenue contribution during QQ1 2025, and the QoQ deterioration reflects continued fixed-cost absorption without scale benefits.
- EBITDA: -$965,759. YoY data not provided; QoQ comparison not provided. Note: depreciation and amortization (285) is minimal in the quarter; stock-based compensation (664,603) is a material non-cash item that affects reported profitability.
- Net Income: -$1,171,636. YoY change: -57.15%. QoQ change: +87.91%.
- Interpretation: The bottom line improved QoQ in the sense of a smaller loss relative to the prior quarter’s large impairment/expense stride, but remains deeply negative due to ongoing operating losses and high non-cash charges.
- Earnings Per Share (EPS): -$0.0207. YoY change: -35.29%. QoQ change: +88.50%.
- Cash Flow highlights: Net cash from operating activities -$217,806; free cash flow -$217,806; operating cash flow is negative due to the loss and working capital dynamics.
- Balance sheet and liquidity:
- Cash and cash equivalents: $35,970
- Total current liabilities: $6,094,530; short-term debt: $2,366,747
- Total debt: $2,494,205; net debt: $2,458,235
- Total assets: $124,957; total stockholders’ equity: -$6,134,604; retained earnings: -$140,099,414
- Current ratio: 0.017x; quick ratio: 0.017x; cash ratio: 0.0059x
- Interpretation: Liquidity is severely constrained. The company carries meaningful debt and negative equity, which constrains financial flexibility and increases the risk of distress without a near-term revenue inflection.