Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 28.8M | 22.5M | 24.8M | 20.8M |
| Operating Revenue | 28.8M | 22.5M | 24.8M | 20.8M |
| Cost Of Revenue | 26.9M | 21.4M | 22.2M | 18.1M |
| Gross Profit | 2.0M | 1.1M | 2.5M | 2.8M |
| Selling General And Administration | 8.9M | 7.0M | 10.0M | 7.9M |
| General And Administrative Expense | 8.9M | 7.0M | 10.0M | 7.9M |
| Operating Expense | 8.9M | 7.0M | 10.0M | 7.9M |
| Operating Income | -6.9M | -5.9M | -7.4M | -5.1M |
| EBIT | -11.4M | -4.5M | -10.3M | -4.8M |
| Interest Expense | 4.6M | 4.3M | 3.9M | 3.5M |
| Interest Expense Non Operating | 4.6M | 4.3M | 3.9M | 3.5M |
| Net Interest Income | -4.6M | -5.0M | -4.6M | -3.5M |
| Other Income Expense | -4.4M | 2.1M | -2.1M | 348,000 |
| Special Income Charges | -- | -- | -- | 0.00 |
| Gain On Sale Of Security | -4.4M | 2.1M | -2.1M | 348,000 |
| Pretax Income | -15.9M | -8.8M | -14.1M | -8.2M |
| Tax Provision | 372,000 | 67,000 | 356,000 | -492,000 |
| Tax Effect Of Unusual Items | -666,150 | 859,200 | -555,652 | 20,766 |
| Net Income From Continuing And Discontinued Operation | -16.3M | -8.8M | -14.5M | -7.8M |
| Net Income From Continuing Operation Net Minority Interest | -16.3M | -8.8M | -14.5M | -7.8M |
| Net Income Including Noncontrolling Interests | -16.3M | -8.8M | -14.5M | -7.8M |
| Net Income Common Stockholders | -16.3M | -8.8M | -14.5M | -7.8M |
| Net Income | -16.3M | -8.8M | -14.5M | -7.8M |
| EBITDA | -10.2M | -3.4M | -9.0M | -3.0M |
| Normalized EBITDA | -5.8M | -5.5M | -6.9M | -3.3M |
| Reconciled Depreciation | 1.1M | 1.1M | 1.3M | 1.8M |
| Basic EPS | -0.09 | -0.06 | -0.10 | -0.06 |
| Diluted EPS | -0.09 | -0.06 | -0.10 | -0.06 |
| Basic Average Shares | 169.4M | 151.1M | 142.1M | 132.1M |
| Diluted Average Shares | 169.4M | 151.1M | 142.1M | 132.1M |
| Total Unusual Items | -4.4M | 2.1M | -2.1M | 348,000 |
| Total Unusual Items Excluding Goodwill | -4.4M | 2.1M | -2.1M | 348,000 |
| Tax Rate For Calcs | 0.15 | 0.40 | 0.26 | 0.06 |
| Normalized Income | -12.5M | -10.1M | -12.9M | -8.1M |
| Diluted NI Availto Com Stockholders | -16.3M | -8.8M | -14.5M | -7.8M |
| Net Income Continuous Operations | -16.3M | -8.8M | -14.5M | -7.8M |
| Net Non Operating Interest Income Expense | -4.6M | -5.0M | -4.6M | -3.5M |
| Other Gand A | 6.2M | 5.8M | 6.1M | 6.4M |
| Reconciled Cost Of Revenue | 26.9M | 21.4M | 22.2M | 18.1M |
| Salaries And Wages | 2.7M | 1.1M | 3.8M | 1.5M |
| Total Expenses | 35.8M | 28.4M | 32.2M | 26.0M |
| Total Other Finance Cost | -- | 739,000 | 742,000 | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 7.8M | 22.0M | 8.4M | 1.0M |
| Cash Cash Equivalents And Short Term Investments | 7.8M | 22.0M | 8.4M | 1.0M |
| Cash Financial | 7.8M | 22.0M | 8.4M | 1.0M |
| Accounts Receivable | 2.9M | 2.7M | 2.2M | 1.6M |
| Receivables | 3.5M | 3.3M | 2.7M | 2.0M |
| Inventory | 6.7M | 7.8M | 5.7M | 6.8M |
| Prepaid Assets | -- | -- | -- | 1.1M |
| Other Current Assets | 2.5M | 3.0M | 4.0M | 1.1M |
| Current Assets | 20.6M | 36.2M | 20.8M | 10.9M |
| Gross PPE | 246.8M | 211.7M | 187.2M | 160.3M |
| Accumulated Depreciation | -45.0M | -46.1M | -48.5M | -50.8M |
| Net PPE | 201.9M | 165.7M | 138.7M | 109.5M |
| Other Non Current Assets | 31.5M | 30.9M | 30.8M | 29.5M |
| Total Non Current Assets | 235.8M | 199.1M | 172.0M | 155.0M |
| Total Assets | 256.3M | 235.3M | 192.8M | 165.9M |
| Current Debt | 21.9M | 34.2M | 30.3M | 18.7M |
| Current Debt And Capital Lease Obligation | 21.9M | 34.2M | 30.3M | 18.7M |
| Accounts Payable | 18.5M | 19.7M | 13.2M | 12.3M |
| Payables | 18.5M | 19.7M | 13.2M | 12.3M |
| Payables And Accrued Expenses | 29.1M | 31.5M | 23.9M | 21.0M |
| Current Accrued Expenses | 10.7M | 11.8M | 10.7M | 8.7M |
| Current Deferred Revenue | 74,000 | 1.1M | 624,000 | 1.3M |
| Current Liabilities | 51.1M | 66.7M | 54.9M | 41.0M |
| Long Term Debt | 136.1M | 95.9M | 59.1M | 49.0M |
| Long Term Debt And Capital Lease Obligation | 136.1M | 95.9M | 59.1M | 49.0M |
| Total Non Current Liabilities Net Minority Interest | 166.2M | 120.1M | 98.2M | 87.4M |
| Total Liabilities Net Minority Interest | 217.3M | 186.8M | 153.1M | 128.4M |
| Common Stock | 146.5M | 127.4M | 119.4M | 112.4M |
| Capital Stock | 146.5M | 127.4M | 119.4M | 112.4M |
| Additional Paid In Capital | 16.1M | 12.3M | 10.8M | 7.0M |
| Retained Earnings | -120.2M | -103.9M | -95.1M | -80.6M |
| Gains Losses Not Affecting Retained Earnings | -4.6M | 11.5M | 3.4M | -2.6M |
| Other Equity Adjustments | -4.6M | 11.5M | 3.4M | -2.6M |
| Common Stock Equity | 39.1M | 48.5M | 39.8M | 37.5M |
| Stockholders Equity | 39.1M | 48.5M | 39.8M | 37.5M |
| Total Equity Gross Minority Interest | 39.1M | 48.5M | 39.8M | 37.5M |
| Total Capitalization | 175.2M | 144.4M | 98.9M | 86.5M |
| Net Tangible Assets | 39.1M | 48.5M | 39.8M | 37.5M |
| Tangible Book Value | 39.1M | 48.5M | 39.8M | 37.5M |
| Working Capital | -30.5M | -30.5M | -34.1M | -30.1M |
| Invested Capital | 197.1M | 178.6M | 129.2M | 105.2M |
| Total Debt | 158.0M | 130.1M | 89.5M | 67.7M |
| Net Debt | 150.2M | 108.0M | 81.0M | 66.7M |
| Share Issued | 176.9M | 155.9M | 144.0M | 138.5M |
| Ordinary Shares Number | 176.9M | 155.9M | 144.0M | 138.5M |
| Current Deferred Liabilities | 74,000 | 1.1M | 624,000 | 1.3M |
| Derivative Product Liabilities | 5.2M | 958,000 | 416,000 | 0.00 |
| Finished Goods | 129,000 | 536,000 | 521,000 | 1.5M |
| Long Term Provisions | 24.9M | 23.3M | 38.6M | 38.4M |
| Machinery Furniture Equipment | 76.3M | 60.2M | 45.9M | 40.1M |
| Non Current Deferred Assets | 2.4M | 2.6M | 2.5M | 15.9M |
| Non Current Deferred Liabilities | 14,000 | 14,000 | 14,000 | 14,000 |
| Non Current Deferred Taxes Assets | 2.4M | 2.6M | 2.5M | 2.7M |
| Non Current Deferred Taxes Liabilities | 14,000 | 14,000 | 14,000 | 14,000 |
| Other Equity Interest | 1.3M | 1.2M | 1.2M | 1.2M |
| Other Properties | -- | -- | -- | 40.1M |
| Properties | -- | 151.5M | 141.3M | 120.3M |
| Raw Materials | 5.6M | 4.8M | 4.8M | 4.6M |
| Taxes Receivable | 573,000 | 661,000 | 491,000 | 403,000 |
| Work In Process | 996,000 | 2.5M | 367,000 | 626,000 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -7.5M | -11.7M | -3.8M | -8.4M |
| Cash Flow From Continuing Operating Activities | -7.5M | -11.7M | -3.8M | -8.4M |
| Depreciation And Amortization | 1.1M | 1.1M | 1.3M | 1.8M |
| Depreciation Amortization Depletion | 1.1M | 1.1M | 1.3M | 1.8M |
| Stock Based Compensation | 2.7M | 1.1M | 3.8M | 1.5M |
| Deferred Tax | 372,000 | 67,000 | 356,000 | -492,000 |
| Deferred Income Tax | 372,000 | 67,000 | 356,000 | -492,000 |
| Change In Working Capital | -4.9M | -8.4M | -590,000 | -1.7M |
| Changes In Account Receivables | -248,000 | -467,000 | -586,000 | -1.2M |
| Change In Receivables | -160,000 | -632,000 | -671,000 | -1.1M |
| Change In Inventory | 1.1M | -2.0M | 1.0M | -1.1M |
| Change In Payables And Accrued Expense | -5.4M | -7.1M | 2.6M | 1.1M |
| Change In Other Working Capital | -988,000 | 430,000 | -625,000 | 361,000 |
| Other Non Cash Items | 5.0M | 5.4M | 4.2M | 3.5M |
| Capital Expenditure | -36.2M | -17.5M | -22.8M | -10.0M |
| Purchase Of PPE | -36.2M | -17.5M | -22.8M | -10.0M |
| Net PPE Purchase And Sale | -36.2M | -17.5M | -22.8M | -10.0M |
| Investing Cash Flow | -36.2M | -17.5M | -22.8M | -10.0M |
| Cash Flow From Continuing Investing Activities | -36.2M | -17.5M | -22.8M | -10.0M |
| Issuance Of Debt | 43.6M | 42.5M | 39.1M | 10.6M |
| Repayment Of Debt | -23.6M | -3.7M | -5.9M | -2.4M |
| Net Issuance Payments Of Debt | 20.0M | 38.8M | 33.3M | 8.2M |
| Issuance Of Capital Stock | 11.8M | 7.5M | 7.1M | 18.8M |
| Net Common Stock Issuance | 11.8M | 7.5M | 7.1M | 18.8M |
| Financing Cash Flow | 29.4M | 43.4M | 33.4M | 17.2M |
| Cash Flow From Continuing Financing Activities | 29.4M | 43.4M | 33.4M | 17.2M |
| Effect Of Exchange Rate Changes | 169,000 | -604,000 | 499,000 | -70,000 |
| Changes In Cash | -14.4M | 14.2M | 6.9M | -1.3M |
| Beginning Cash Position | 22.0M | 8.4M | 1.0M | 2.4M |
| End Cash Position | 7.8M | 22.0M | 8.4M | 1.0M |
| Free Cash Flow | -43.7M | -29.2M | -26.5M | -18.4M |
| Asset Impairment Charge | -- | -- | 0.00 | -4.1M |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 |
| Change In Prepaid Assets | 541,000 | 937,000 | -2.9M | -861,000 |
| Common Stock Issuance | 11.8M | 7.5M | 7.1M | 18.8M |
| Gain Loss On Investment Securities | 2.7M | -1.7M | -814,000 | -133,000 |
| Interest Paid Cff | -2.3M | -2.5M | -1.8M | -9.2M |
| Interest Paid Cfo | -- | -- | -1.8M | -1.2M |
| Long Term Debt Issuance | 43.6M | 42.5M | 39.1M | 10.6M |
| Long Term Debt Payments | -23.6M | -3.7M | -5.9M | -2.4M |
| Net Foreign Currency Exchange Gain Loss | 1.8M | -489,000 | 2.4M | 110,000 |
| Net Income From Continuing Operations | -16.3M | -8.8M | -14.5M | -7.8M |
| Net Long Term Debt Issuance | 20.0M | 38.8M | 33.3M | 8.2M |
| Net Other Financing Charges | -186,000 | -371,000 | -5.2M | -863,000 |
| Operating Gains Losses | 4.4M | -2.1M | 1.6M | 38,000 |
| Proceeds From Stock Option Exercised | -- | 0.00 | 1,000 | 324,000 |