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 | 39.1M | 42.8M | 38.2M | 34.3M |
| Operating Revenue | 42.1M | 45.8M | 40.9M | 36.8M |
| Cost Of Revenue | 33.7M | 27.0M | 28.0M | 18.3M |
| Gross Profit | 5.4M | 15.8M | 10.3M | 16.0M |
| Selling General And Administration | 16.4M | 10.8M | 8.3M | 9.6M |
| General And Administrative Expense | 16.4M | 10.8M | 8.3M | 9.6M |
| Depreciation And Amortization In Income Statement | 124,000 | 120,000 | 111,000 | 539,310 |
| Other Operating Expenses | -- | -- | -- | 229,445 |
| Operating Expense | 16.5M | 10.9M | 8.4M | 10.1M |
| Operating Income | -11.1M | 4.9M | 1.8M | 5.9M |
| EBIT | -24.6M | 9.3M | 4.8M | 5.3M |
| Interest Expense | 152,000 | 73,000 | 250,000 | 229,445 |
| Interest Expense Non Operating | 152,000 | 73,000 | 250,000 | 229,445 |
| Interest Income | 3.9M | 2.5M | 828,000 | 161,794 |
| Interest Income Non Operating | 3.9M | 2.5M | 828,000 | 161,794 |
| Net Interest Income | 3.7M | 2.4M | 578,000 | -67,651 |
| Other Income Expense | -17.4M | 1.9M | 2.2M | -693,966 |
| Other Non Operating Income Expenses | -- | -- | -20,000 | -452,855 |
| Special Income Charges | -27.6M | 0.00 | -- | 0.00 |
| Gain On Sale Of Security | 10.2M | 1.9M | 2.2M | -241,111 |
| Pretax Income | -24.8M | 9.2M | 4.6M | 5.1M |
| Tax Provision | 1.2M | 3.9M | 3.2M | 3.8M |
| Tax Effect Of Unusual Items | -2.6M | 746,800 | 572,164 | -63,894 |
| Net Income From Continuing And Discontinued Operation | -21.6M | 5.5M | 466,000 | -306,642 |
| Net Income From Continuing Operation Net Minority Interest | -21.6M | 5.5M | 466,000 | -306,642 |
| Net Income Including Noncontrolling Interests | -26.0M | 5.3M | 1.4M | 1.3M |
| Minority Interests | 4.4M | 172,000 | -932,000 | -1.6M |
| Net Income Common Stockholders | -21.6M | 5.5M | 466,000 | -306,642 |
| Net Income | -21.6M | 5.5M | 466,000 | -306,642 |
| EBITDA | -21.3M | 14.3M | 11.2M | 8.5M |
| Normalized EBITDA | -3.9M | 12.4M | 9.0M | 8.8M |
| Reconciled Depreciation | 3.4M | 5.0M | 6.3M | 3.2M |
| Basic EPS | -0.20 | 0.05 | 0.01 | -0.00 |
| Diluted EPS | -0.20 | 0.04 | 0.01 | -0.00 |
| Basic Average Shares | 130.1M | 118.0M | 105.3M | 98.3M |
| Diluted Average Shares | 130.1M | 123.2M | 113.0M | 103.0M |
| Total Unusual Items | -17.4M | 1.9M | 2.2M | -241,111 |
| Total Unusual Items Excluding Goodwill | -17.4M | 1.9M | 2.2M | -241,111 |
| Tax Rate For Calcs | 0.15 | 0.40 | 0.26 | 0.27 |
| Normalized Income | -6.8M | 4.4M | -1.1M | -129,425 |
| Amortization | -- | -- | 111,585 | 539,310 |
| Amortization Of Intangibles Income Statement | -- | -- | 111,585 | 539,310 |
| Depreciation Amortization Depletion Income Statement | 124,000 | 120,000 | 111,000 | 539,310 |
| Depreciation Income Statement | 124,000 | 120,000 | 111,000 | -- |
| Diluted NI Availto Com Stockholders | -21.6M | 5.5M | 466,000 | -306,642 |
| Gain On Sale Of Ppe | -291,000 | 0.00 | -- | -- |
| Impairment Of Capital Assets | 27.4M | 0.00 | -- | -- |
| Net Income Continuous Operations | -26.0M | 5.3M | 1.4M | 1.3M |
| Net Non Operating Interest Income Expense | 3.7M | 2.4M | 578,000 | -67,651 |
| Other Gand A | 5.5M | 5.5M | 3.9M | 3.5M |
| Reconciled Cost Of Revenue | 30.5M | 22.2M | 21.7M | 15.6M |
| Salaries And Wages | 10.8M | 5.2M | 4.4M | 6.1M |
| Total Expenses | 50.2M | 37.9M | 36.4M | 28.4M |
| Total Operating Income As Reported | -38.7M | 4.9M | 1.8M | 5.9M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 30.9M | 49.8M | 39.4M | 81.7M |
| Cash Cash Equivalents And Short Term Investments | 30.9M | 49.8M | 39.4M | 81.7M |
| Cash Financial | 30.9M | 49.8M | -- | -- |
| Accounts Receivable | 1.8M | 607,000 | 2.3M | 2.2M |
| Receivables | 15.2M | 11.4M | 10.7M | 6.9M |
| Inventory | 27.4M | 16.8M | 7.7M | 4.4M |
| Prepaid Assets | 2.2M | 2.3M | 1.5M | 754,683 |
| Current Assets | 76.5M | 80.4M | 59.8M | 93.9M |
| Gross PPE | 320.1M | 239.6M | 106.3M | 70.4M |
| Accumulated Depreciation | -21.0M | -18.1M | -12.4M | -6.8M |
| Net PPE | 299.1M | 221.5M | 93.9M | 63.5M |
| Other Non Current Assets | 18.2M | 20.5M | 2.5M | 2.5M |
| Total Non Current Assets | 323.6M | 252.7M | 97.0M | 67.4M |
| Total Assets | 400.1M | 333.1M | 156.8M | 161.3M |
| Current Debt And Capital Lease Obligation | 282,000 | 233,000 | 160,000 | 244,634 |
| Accounts Payable | 51.4M | 41.7M | 22.2M | 14.0M |
| Payables | 52.8M | 46.3M | 24.1M | 17.2M |
| Payables And Accrued Expenses | 52.8M | 46.3M | 24.1M | 17.2M |
| Current Accrued Expenses | -- | -- | -- | 198,387 |
| Other Current Liabilities | -- | 145,000 | -- | -- |
| Current Liabilities | 53.1M | 46.7M | 24.2M | 17.5M |
| Long Term Debt | 95.5M | 57.7M | -- | -- |
| Long Term Debt And Capital Lease Obligation | 96.6M | 58.6M | 127,000 | 181,245 |
| Long Term Capital Lease Obligation | 1.1M | 887,000 | 127,000 | 181,245 |
| Total Non Current Liabilities Net Minority Interest | 100.5M | 61.2M | 2.3M | 3.8M |
| Total Liabilities Net Minority Interest | 153.6M | 107.9M | 26.5M | 21.3M |
| Common Stock | 323.1M | 260.9M | 170.7M | 169.6M |
| Capital Stock | 323.1M | 260.9M | 170.7M | 169.6M |
| Additional Paid In Capital | 26.2M | 19.9M | 20.8M | 18.0M |
| Retained Earnings | -75.7M | -52.2M | -53.6M | -52.2M |
| Gains Losses Not Affecting Retained Earnings | -27.1M | -7.8M | -12.2M | 15.6M |
| Other Equity Adjustments | -27.1M | -7.8M | -12.2M | 15.6M |
| Common Stock Equity | 246.5M | 220.7M | 125.7M | 133.0M |
| Stockholders Equity | 246.5M | 220.7M | 125.7M | 133.0M |
| Total Equity Gross Minority Interest | 246.5M | 225.1M | 130.3M | 140.0M |
| Minority Interest | 5,000 | 4.4M | 4.6M | 7.0M |
| Total Capitalization | 342.0M | 278.4M | 125.7M | 133.0M |
| Net Tangible Assets | 246.5M | 220.7M | 125.7M | 133.0M |
| Tangible Book Value | 246.5M | 220.7M | 125.7M | 133.0M |
| Working Capital | 23.4M | 33.7M | 35.6M | 76.4M |
| Invested Capital | 342.0M | 278.4M | 125.7M | 133.0M |
| Total Debt | 96.9M | 58.8M | 287,000 | 425,879 |
| Net Debt | 64.6M | 7.8M | -- | -- |
| Share Issued | 130.8M | 122.4M | 105.0M | 104.9M |
| Ordinary Shares Number | 130.8M | 122.4M | 105.0M | 104.9M |
| Capital Lease Obligations | 1.4M | 1.1M | 287,000 | 425,879 |
| Construction In Progress | 15.8M | 113.6M | 31.1M | 11.2M |
| Current Capital Lease Obligation | 282,000 | 233,000 | 160,000 | 244,634 |
| Finished Goods | 14.6M | 7.5M | 2.0M | 879,375 |
| Hedging Assets Current | 42,000 | 0.00 | 581,000 | 200,793 |
| Income Tax Payable | 0.00 | 3.1M | 475,000 | 3.2M |
| Interest Payable | -- | -- | -- | 198,387 |
| Long Term Provisions | 2.9M | 2.7M | 1.0M | 1.1M |
| Non Current Deferred Assets | 3.4M | 2.5M | 0.00 | -- |
| Non Current Deferred Liabilities | 1.0M | 0.00 | 1.1M | 1.1M |
| Non Current Deferred Taxes Assets | 3.4M | 617,000 | 0.00 | -- |
| Non Current Deferred Taxes Liabilities | 1.0M | 0.00 | 1.1M | 1.1M |
| Non Current Prepaid Assets | 2.8M | 8.1M | 580,000 | 1.4M |
| Other Payable | 1.5M | 1.5M | 1.4M | -- |
| Other Properties | 1.7M | 1.3M | 912,000 | 875,584 |
| Raw Materials | 12.8M | 9.3M | 5.6M | 3.5M |
| Restricted Cash | 695,000 | 0.00 | -- | -- |
| Taxes Receivable | 13.4M | 10.8M | 8.3M | 4.7M |
| Total Tax Payable | 0.00 | 3.1M | 475,000 | 3.2M |
| Tradeand Other Payables Non Current | -- | -- | 0.00 | 1.4M |
| Treasury Shares Number | -- | 0.00 | -- | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -8.6M | 3.4M | 9.6M | 17.5M |
| Cash Flow From Continuing Operating Activities | -8.6M | 3.4M | 9.6M | 17.5M |
| Depreciation And Amortization | -- | 5.0M | 6.3M | 3.2M |
| Depreciation Amortization Depletion | 3.4M | 5.0M | 6.3M | 3.2M |
| Stock Based Compensation | 8.2M | 3.2M | 3.3M | 4.3M |
| Deferred Tax | -300,000 | -1.8M | 138,000 | 7,559 |
| Deferred Income Tax | -300,000 | -1.8M | 138,000 | 7,559 |
| Change In Working Capital | -11.3M | -6.3M | -2.4M | 7.5M |
| Changes In Account Receivables | -1.2M | 1.8M | -177,000 | 2.3M |
| Change In Receivables | -3.8M | -679,000 | -3.8M | -609,433 |
| Change In Inventory | -10.6M | -9.1M | -3.3M | -2.7M |
| Change In Payables And Accrued Expense | 3.0M | 4.3M | 5.5M | 11.2M |
| Change In Payable | 3.0M | 4.3M | 5.5M | 11.2M |
| Other Non Cash Items | 95,000 | -223,000 | -368,000 | 229,445 |
| Capital Expenditure | -93.0M | -102.1M | -43.3M | -19.0M |
| Purchase Of PPE | -93.0M | -102.1M | -43.3M | -19.0M |
| Net PPE Purchase And Sale | -93.0M | -102.1M | -43.3M | -19.0M |
| Purchase Of Business | -- | 0.00 | -5.2M | -3.6M |
| Investing Cash Flow | -94.0M | -127.6M | -48.5M | -23.6M |
| Cash Flow From Continuing Investing Activities | -94.0M | -127.6M | -48.5M | -23.6M |
| Issuance Of Debt | 40.0M | 60.0M | 0.00 | -- |
| Repayment Of Debt | -333,000 | -290,000 | -245,000 | -235,106 |
| Net Issuance Payments Of Debt | 39.7M | 59.7M | -245,000 | -235,106 |
| Issuance Of Capital Stock | 57.3M | 68.8M | 0.00 | 55.2M |
| Net Common Stock Issuance | 57.3M | 68.8M | 0.00 | 55.2M |
| Financing Cash Flow | 88.5M | 133.4M | 440,000 | 57.9M |
| Cash Flow From Continuing Financing Activities | 88.5M | 133.4M | 440,000 | 57.9M |
| Effect Of Exchange Rate Changes | -4.7M | 1.4M | -3.9M | -728,234 |
| Changes In Cash | -14.1M | 9.1M | -38.4M | 51.9M |
| Beginning Cash Position | 49.8M | 39.4M | 81.7M | 30.5M |
| End Cash Position | 30.9M | 49.8M | 39.4M | 81.7M |
| Free Cash Flow | -101.6M | -98.7M | -33.7M | -1.5M |
| Asset Impairment Charge | 27.4M | 0.00 | -- | -- |
| Capital Expenditure Reported | -- | -7.6M | 0.00 | -1.3M |
| Change In Account Payable | 6.1M | 1.8M | 8.2M | 8.5M |
| Change In Accrued Expense | -- | -- | -- | 3,484 |
| Change In Income Tax Payable | -3.1M | 2.6M | -2.8M | 2.7M |
| Change In Interest Payable | -- | -- | -- | 3,484 |
| Change In Prepaid Assets | 97,000 | -852,000 | -740,000 | -396,075 |
| Change In Tax Payable | -3.1M | 2.6M | -2.8M | 2.7M |
| Common Stock Issuance | 57.3M | 68.8M | 0.00 | 55.2M |
| Depreciation | -- | 5.0M | 6.3M | 3.2M |
| Gain Loss On Investment Securities | -- | -- | -617,945 | -373,020 |
| Gain Loss On Sale Of PPE | 291,000 | 0.00 | -- | -- |
| Long Term Debt Issuance | 40.0M | 60.0M | 0.00 | -- |
| Long Term Debt Payments | -333,000 | -290,000 | -245,000 | -235,106 |
| Net Business Purchase And Sale | -- | 0.00 | -5.2M | -3.6M |
| Net Foreign Currency Exchange Gain Loss | -10.4M | -1.9M | 1.3M | 1.3M |
| Net Income From Continuing Operations | -26.0M | 5.3M | 1.4M | 1.3M |
| Net Long Term Debt Issuance | 39.7M | 59.7M | -245,000 | -235,106 |
| Net Other Financing Charges | -10.1M | -8.6M | -- | -3.4M |
| Net Other Investing Changes | -1.0M | -25.6M | 30,000 | -1.1M |
| Operating Gains Losses | -10.1M | -1.9M | 1.3M | 969,344 |
| Proceeds From Stock Option Exercised | 1.7M | 13.4M | 685,000 | 6.4M |