1Revenue was $4.2K, consistent with the company’s disclosure that it remains in the process of developing and commercializing its products, with limited operating history and only recently launched offerings.
2Gross profit was $2.3K and gross margin was 55.6%, indicating product-level economics remain intact despite immaterial scale.
3Operating income was -$5.9M and net income was -$6.3M, reflecting substantial non-revenue-generating costs tied to public company readiness, corporate restructuring, and commercialization efforts.
4Net cash used in operating activities was -$1.7M, primarily driven by the $6.3M net loss, partially offset by non-cash adjustments as noted in management’s discussion of operating cash flow drivers.
5The impairment of intellectual property reflects management’s assessment that its carrying value was no longer recoverable under current business conditions and expected future economic benefits, as disclosed in Item 7.