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 | 90.5M | 54.5M | 66.7M | 99.6M |
| Operating Revenue | 90.5M | 54.5M | 66.7M | 99.6M |
| Cost Of Revenue | 86.5M | 49.7M | 62.3M | 94.4M |
| Gross Profit | 4.0M | 4.8M | 4.4M | 5.2M |
| Selling General And Administration | 5.8M | 5.5M | 8.0M | 11.6M |
| General And Administrative Expense | 4.7M | 5.2M | 7.4M | 10.7M |
| Depreciation And Amortization In Income Statement | 651,902 | 1.4M | 2.2M | 1.4M |
| Other Operating Expenses | 285,722 | 206,544 | 197,423 | 163,862 |
| Operating Expense | 6.7M | 7.2M | 10.4M | 13.2M |
| Operating Income | -2.8M | -2.3M | -5.9M | -8.0M |
| EBIT | -15.2M | -9.5M | -3.7M | -13.6M |
| Interest Expense | 2.6M | 2.3M | 1.5M | 529,564 |
| Interest Expense Non Operating | 2.6M | 2.3M | 1.5M | 529,564 |
| Net Interest Income | -2.6M | -2.3M | -1.5M | -529,564 |
| Other Income Expense | -12.4M | -7.2M | 2.3M | -5.6M |
| Other Non Operating Income Expenses | -409,957 | 12,401 | -58,703 | 126,084 |
| Special Income Charges | 19,544 | -22,694 | -3.0M | -1.3M |
| Write Off | -- | 0.00 | 3.2M | 1.3M |
| Gain On Sale Of Security | -12.0M | -7.1M | 5.4M | -4.4M |
| Pretax Income | -17.8M | -11.8M | -5.2M | -14.1M |
| Tax Provision | 0.00 | 241,707 | 778,167 | -528,612 |
| Tax Effect Of Unusual Items | 0.00 | -2.9M | 609,275 | -1.3M |
| Net Income From Continuing And Discontinued Operation | -17.8M | -12.0M | -6.0M | -13.6M |
| Net Income From Continuing Operation Net Minority Interest | -17.8M | -12.0M | -6.0M | -13.6M |
| Net Income Including Noncontrolling Interests | -17.8M | -12.0M | -6.0M | -13.6M |
| Net Income Common Stockholders | -17.8M | -12.0M | -6.0M | -13.6M |
| Net Income | -17.8M | -12.0M | -6.0M | -13.6M |
| EBITDA | -14.6M | -8.1M | -1.5M | -12.2M |
| Normalized EBITDA | -2.5M | -911,823 | -3.8M | -6.5M |
| Reconciled Depreciation | 651,902 | 1.4M | 2.2M | 1.4M |
| Basic EPS | -0.08 | -0.07 | -0.03 | -0.09 |
| Diluted EPS | -0.08 | -0.07 | -0.03 | -0.09 |
| Basic Average Shares | 212.4M | 182.8M | 174.2M | 146.8M |
| Diluted Average Shares | 212.4M | 182.9M | 174.2M | 146.8M |
| Total Unusual Items | -12.0M | -7.2M | 2.3M | -5.7M |
| Total Unusual Items Excluding Goodwill | -12.0M | -7.2M | 2.3M | -5.7M |
| Tax Rate For Calcs | 0.00 | 0.40 | 0.26 | 0.23 |
| Normalized Income | -5.8M | -7.7M | -7.7M | -9.2M |
| Depreciation Amortization Depletion Income Statement | 651,902 | 1.4M | 2.2M | 1.4M |
| Depreciation Income Statement | 651,902 | 1.4M | 2.2M | 1.4M |
| Diluted NI Availto Com Stockholders | -17.8M | -12.0M | -6.0M | -13.6M |
| Gain On Sale Of Ppe | 481.00 | -7,991 | 0.00 | -- |
| Net Income Continuous Operations | -17.8M | -12.0M | -6.0M | -13.6M |
| Net Non Operating Interest Income Expense | -2.6M | -2.3M | -1.5M | -529,564 |
| Other Gand A | 3.2M | 3.1M | 3.1M | 6.0M |
| Other Special Charges | -19,063 | 14,703 | -118,993 | -11,133 |
| Reconciled Cost Of Revenue | 86.5M | 49.7M | 62.3M | 94.4M |
| Rent And Landing Fees | 42,993 | 27,907 | 149,036 | 116,007 |
| Rent Expense Supplemental | 42,993 | 27,907 | 149,036 | 116,007 |
| Salaries And Wages | 1.4M | 2.1M | 4.1M | 4.6M |
| Selling And Marketing Expense | 1.1M | 384,779 | 643,894 | 943,424 |
| Total Expenses | 93.3M | 56.9M | 72.7M | 107.6M |
| Total Other Finance Cost | -- | -- | 1.7M | 529,564 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 2.9M | 1.7M | 3.9M | 4.8M |
| Cash Cash Equivalents And Short Term Investments | 25.3M | 11.9M | 9.9M | 13.4M |
| Cash Financial | 2.9M | 1.7M | 3.9M | 4.8M |
| Other Short Term Investments | 22.4M | 10.2M | 6.0M | 8.6M |
| Accounts Receivable | 73,241 | 0.00 | 102,001 | 364,090 |
| Receivables | 576,463 | 570,689 | 368,239 | 484,552 |
| Inventory | 1.4M | 593,846 | 710,693 | 375,857 |
| Prepaid Assets | 225,903 | 600,984 | 55,124 | 555,361 |
| Other Current Assets | -- | -- | -- | 8.6M |
| Current Assets | 27.4M | 13.7M | 11.1M | 14.8M |
| Gross PPE | 1.9M | 2.4M | 3.2M | 3.7M |
| Accumulated Depreciation | -1.5M | -1.6M | -1.8M | -1.3M |
| Net PPE | 418,344 | 789,599 | 1.4M | 2.4M |
| Goodwill | 105,427 | 105,427 | 105,427 | 408,769 |
| Goodwill And Other Intangible Assets | 174,980 | 445,125 | 1.2M | 5.0M |
| Other Intangible Assets | 69,553 | 339,698 | 1.1M | 4.6M |
| Investments And Advances | 0.00 | 12,365 | 350,000 | 929,000 |
| Total Non Current Assets | 593,324 | 1.2M | 2.9M | 8.7M |
| Total Assets | 28.0M | 14.9M | 14.0M | 23.6M |
| Current Debt | 9.9M | 6.0M | 13.7M | 15.7M |
| Current Debt And Capital Lease Obligation | 9.9M | 6.1M | 13.8M | 15.8M |
| Accounts Payable | 268,544 | 490,218 | 278,533 | 665,245 |
| Payables | 435,804 | 676,245 | 380,846 | 868,957 |
| Payables And Accrued Expenses | 729,394 | 938,723 | 783,706 | 1.4M |
| Current Accrued Expenses | 293,590 | 262,478 | 402,860 | 579,435 |
| Current Deferred Revenue | 734,893 | 0.00 | -- | -- |
| Current Liabilities | 11.4M | 7.0M | 14.5M | 17.2M |
| Long Term Debt | 29.6M | 17.0M | 5.1M | 100,000 |
| Long Term Debt And Capital Lease Obligation | 29.6M | 17.0M | 5.1M | 128,771 |
| Long Term Capital Lease Obligation | 8,884 | 5,163 | 0.00 | 28,771 |
| Other Non Current Liabilities | -- | -- | -- | 217,433 |
| Total Non Current Liabilities Net Minority Interest | 29.6M | 17.0M | 5.3M | 346,204 |
| Total Liabilities Net Minority Interest | 41.0M | 24.1M | 19.9M | 17.6M |
| Common Stock | 15.4M | 13.2M | 12.1M | 11.9M |
| Capital Stock | 15.4M | 13.2M | 12.1M | 11.9M |
| Additional Paid In Capital | 3.9M | 3.3M | 1.5M | 1.8M |
| Retained Earnings | -52.5M | -34.7M | -22.7M | -16.7M |
| Gains Losses Not Affecting Retained Earnings | 19.0M | 8.4M | 1.6M | 7.3M |
| Other Equity Adjustments | 19.0M | 8.4M | 1.6M | 7.3M |
| Common Stock Equity | -13.0M | -9.2M | -5.8M | 6.0M |
| Stockholders Equity | -13.0M | -9.2M | -5.8M | 6.0M |
| Total Equity Gross Minority Interest | -13.0M | -9.2M | -5.8M | 6.0M |
| Total Capitalization | 16.6M | 7.9M | -731,733 | 6.1M |
| Net Tangible Assets | -13.2M | -9.6M | -7.0M | 947,305 |
| Tangible Book Value | -13.2M | -9.6M | -7.0M | 947,305 |
| Working Capital | 16.0M | 6.6M | -3.5M | -2.4M |
| Invested Capital | 26.5M | 13.9M | 13.0M | 21.7M |
| Total Debt | 39.6M | 23.1M | 18.9M | 15.9M |
| Net Debt | 36.6M | 21.4M | 14.9M | 11.0M |
| Share Issued | 218.7M | 200.2M | 174.4M | 173.5M |
| Ordinary Shares Number | 218.7M | 200.2M | 174.4M | 173.5M |
| Capital Lease Obligations | 41,287 | 62,371 | 39,489 | 153,829 |
| Current Capital Lease Obligation | 32,403 | 57,208 | 39,489 | 125,058 |
| Current Deferred Liabilities | 734,893 | 0.00 | -- | -- |
| Duefrom Related Parties Current | -- | -- | 0.00 | 99,770 |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | 0.00 | 12,365 | 350,000 | 929,000 |
| Finished Goods | 1.4M | 586,288 | 681,501 | 363,076 |
| Income Tax Payable | -- | -- | -- | 0.00 |
| Investmentin Financial Assets | 0.00 | 12,365 | 350,000 | 929,000 |
| Leases | 0.00 | 0.00 | 360,775 | 759,573 |
| Line Of Credit | 9.6M | 5.9M | 7.3M | 7.3M |
| Machinery Furniture Equipment | 76,572 | 144,583 | 195,726 | 198,283 |
| Non Current Accounts Receivable | -- | -- | -- | 413,087 |
| Non Current Deferred Assets | -- | -- | -- | 413,087 |
| Non Current Deferred Liabilities | -- | -- | -- | 0.00 |
| Non Current Deferred Taxes Liabilities | -- | -- | -- | 0.00 |
| Non Current Note Receivables | -- | -- | -- | 0.00 |
| Other Current Borrowings | 243,698 | 100,000 | 6.4M | 8.4M |
| Other Equity Interest | 1.2M | 620,948 | 1.6M | 1.6M |
| Other Inventories | 11,775 | 7,558 | 29,192 | 12,781 |
| Other Payable | 167,260 | 186,027 | 102,313 | 203,712 |
| Other Properties | 1.8M | 2.2M | 2.7M | 2.7M |
| Other Receivables | 503,222 | 570,689 | 102,001 | -- |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Taxes Receivable | -- | 0.00 | 266,238 | 20,692 |
| Total Tax Payable | -- | -- | -- | 0.00 |
| Tradeand Other Payables Non Current | -- | 0.00 | 216,519 | 217,433 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -3.1M | -3.6M | -9.1M | -2.4M |
| Cash Flow From Continuing Operating Activities | -3.1M | -3.6M | -9.1M | -2.4M |
| Depreciation And Amortization | 651,902 | 1.4M | 2.2M | 1.4M |
| Depreciation Amortization Depletion | 651,902 | 1.4M | 2.2M | 1.4M |
| Stock Based Compensation | 467,952 | 483,430 | 313,889 | 530,259 |
| Deferred Tax | -- | 0.00 | 631,318 | 51,921 |
| Deferred Income Tax | -- | 0.00 | 631,318 | 51,921 |
| Change In Working Capital | 1.2M | -595,280 | -3.4M | 2.1M |
| Changes In Account Receivables | -5,774 | -498,118 | 262,089 | -34,211 |
| Change In Receivables | -5,774 | -231,880 | 16,543 | -461,152 |
| Change In Inventory | -114.00 | 116,846 | -276,133 | 4.7M |
| Change In Payables And Accrued Expense | 52,368 | 65,614 | -563,287 | 124,397 |
| Change In Other Working Capital | 734,893 | -- | -- | -426,941 |
| Change In Other Current Assets | -- | 3.1M | -3.1M | -1.8M |
| Change In Other Current Liabilities | -- | -- | -- | 0.00 |
| Other Non Cash Items | 14.4M | 7.4M | -3.6M | 5.8M |
| Capital Expenditure | -- | -- | -714,798 | -2.6M |
| Purchase Of PPE | -- | -- | -147,291 | -1.6M |
| Net PPE Purchase And Sale | 5,527 | 78,204 | -147,291 | -1.6M |
| Sale Of Business | -- | -- | 0.00 | 435,849 |
| Purchase Of Investment | -2.4M | -9.4M | -71,000 | -929,000 |
| Sale Of Investment | 3.4M | 12.5M | 64,934 | 0.00 |
| Net Investment Purchase And Sale | 1.1M | 3.1M | -6,066 | -929,000 |
| Investing Cash Flow | 1.1M | 3.2M | -720,864 | -3.1M |
| Cash Flow From Continuing Investing Activities | 1.1M | 3.2M | -720,864 | -3.1M |
| Issuance Of Debt | 4.8M | 5.4M | 9.6M | 8.4M |
| Repayment Of Debt | -3.7M | -8.6M | -654,548 | -7.2M |
| Net Issuance Payments Of Debt | 1.2M | -3.3M | 8.9M | 1.2M |
| Issuance Of Capital Stock | 2.0M | 1.4M | 0.00 | 6.4M |
| Net Common Stock Issuance | 2.0M | 1.4M | 0.00 | 6.4M |
| Financing Cash Flow | 3.2M | -1.9M | 8.9M | 6.3M |
| Cash Flow From Continuing Financing Activities | 3.2M | -1.9M | 8.9M | 6.3M |
| Changes In Cash | 1.2M | -2.3M | -853,324 | 745,298 |
| Beginning Cash Position | 1.7M | 3.9M | 4.8M | 4.1M |
| End Cash Position | 2.9M | 1.7M | 3.9M | 4.8M |
| Free Cash Flow | -3.1M | -3.6M | -9.8M | -5.1M |
| Asset Impairment Charge | -- | 0.00 | 303,342 | 1.3M |
| Cash Dividends Paid | -- | -- | -- | 0.00 |
| Change In Prepaid Assets | 375,081 | -545,860 | 500,237 | -378,601 |
| Common Stock Issuance | 2.0M | 1.4M | 0.00 | 6.4M |
| Depreciation | 651,902 | 1.4M | 2.2M | 1.4M |
| Gain Loss On Investment Securities | -2.5M | -622,535 | -- | -- |
| Gain Loss On Sale Of PPE | -481.00 | 7,991 | 0.00 | -- |
| Long Term Debt Issuance | 1.7M | 3.9M | 9.6M | 20,000 |
| Long Term Debt Payments | -3.7M | -5.8M | -654,548 | -113,834 |
| Net Business Purchase And Sale | -- | -- | 0.00 | 435,849 |
| Net Foreign Currency Exchange Gain Loss | 599,760 | 9,846 | 0.00 | -- |
| Net Income From Continuing Operations | -17.8M | -12.0M | -6.0M | -13.6M |
| Net Intangibles Purchase And Sale | -- | 0.00 | -567,507 | -1.0M |
| Net Long Term Debt Issuance | -2.0M | -1.9M | 8.9M | -93,834 |
| Net Other Financing Charges | -18,767 | -- | -102,313 | -1.4M |
| Net Short Term Debt Issuance | 3.1M | -1.4M | 0.00 | 1.3M |
| Operating Gains Losses | -2.0M | -589,995 | -118,993 | -11,133 |
| Proceeds From Stock Option Exercised | 90,901 | 0.00 | 126,076 | 120,001 |
| Purchase Of Intangibles | -- | 0.00 | -567,507 | -1.0M |
| Sale Of PPE | 5,527 | 78,204 | -- | -- |
| Short Term Debt Issuance | 3.1M | 1.5M | 0.00 | 8.3M |
| Short Term Debt Payments | 0.00 | -2.9M | 0.00 | -7.1M |
| Unrealized Gain Loss On Investment Securities | 0.00 | 337,635 | 585,066 | 0.00 |