### Key Financial Metrics
- Revenue: $63,000, a decrease of 75.95% YoY and a decline of 20.25% QoQ, reflecting struggling demand and competitive pressures.
- Gross Profit: -$140,000, with a gross profit ratio of -222.22% due to disproportionately high costs of revenue amounting to $203,000.
- Operating Income: -$1,352,000, a slight improvement from the prior quarter (QoQ change of 18.29%).
- Net Income: -$1,384,000, indicative of ongoing operational challenges with a net income ratio of -21.97%.
- Cash Flows: Net cash used in operating activities was -$415,000, demonstrating a cash burn trend requiring immediate corrective measures.
- Balance Sheet Health: Current ratio of 0.106 indicates significant liquidity pressures, amidst total liabilities of $4,001,000 and stockholdersβ equity of $17,964,000.