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 | 55.3M | 56.3M | 35.4M | 28.3M |
| Operating Revenue | 55.3M | 56.3M | 35.4M | 28.3M |
| Cost Of Revenue | 57.9M | 52.9M | 38.0M | 26.7M |
| Gross Profit | -2.6M | 3.4M | -2.6M | 1.6M |
| Selling General And Administration | 14.8M | 14.8M | 14.3M | 14.5M |
| General And Administrative Expense | 11.2M | 11.4M | 11.5M | 13.3M |
| Depreciation And Amortization In Income Statement | 3.8M | 3.8M | 4.0M | 1.5M |
| Other Operating Expenses | 235,000 | 637,000 | 128,000 | 167,000 |
| Operating Expense | 18.9M | 19.2M | 18.4M | 16.1M |
| Operating Income | -21.5M | -15.9M | -21.0M | -14.5M |
| EBIT | -38.2M | -17.7M | -31.0M | -16.4M |
| Interest Expense | 13.4M | 9.2M | 5.7M | 1.6M |
| Interest Expense Non Operating | 13.4M | 9.2M | 5.7M | 1.6M |
| Net Interest Income | -13.5M | -9.4M | -5.9M | -1.7M |
| Other Income Expense | -16.7M | -1.6M | -9.8M | -1.8M |
| Special Income Charges | -16.9M | -1.6M | -9.6M | -1.9M |
| Restructuring And Mergern Acquisition | -1.0M | -2.8M | 0.00 | -- |
| Write Off | 1.5M | 1.4M | 1.2M | 1.3M |
| Gain On Sale Of Security | -18,000 | -18,000 | -154,000 | 114,000 |
| Earnings From Equity Interest | 251,000 | 0.00 | -- | -- |
| Pretax Income | -51.7M | -26.9M | -36.6M | -18.1M |
| Tax Provision | -- | 0.00 | 0.00 | -685,000 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | -69,273 |
| Net Income From Continuing And Discontinued Operation | -51.7M | -26.9M | -36.6M | -17.4M |
| Net Income From Continuing Operation Net Minority Interest | -51.7M | -26.9M | -36.6M | -17.4M |
| Net Income Including Noncontrolling Interests | -51.7M | -26.9M | -36.6M | -17.4M |
| Net Income Common Stockholders | -51.7M | -26.9M | -36.6M | -17.4M |
| Net Income | -51.7M | -26.9M | -36.6M | -17.4M |
| EBITDA | -31.8M | -11.5M | -24.0M | -12.6M |
| Normalized EBITDA | -14.9M | -9.9M | -14.2M | -10.8M |
| Reconciled Depreciation | 6.4M | 6.1M | 7.0M | 3.8M |
| Basic EPS | -0.52 | -0.24 | -0.36 | -0.29 |
| Diluted EPS | -0.52 | -0.24 | -0.36 | -0.29 |
| Basic Average Shares | 100.2M | 110.7M | 102.1M | 60.6M |
| Diluted Average Shares | 100.2M | 110.7M | 102.1M | 60.6M |
| Total Unusual Items | -16.9M | -1.6M | -9.8M | -1.8M |
| Total Unusual Items Excluding Goodwill | -16.9M | -1.6M | -9.8M | -1.8M |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.04 |
| Normalized Income | -34.7M | -25.3M | -26.8M | -15.6M |
| Depreciation Amortization Depletion Income Statement | 3.8M | 3.8M | 4.0M | 1.5M |
| Diluted NI Availto Com Stockholders | -51.7M | -26.9M | -36.6M | -17.4M |
| Gain On Sale Of Ppe | -1.3M | 0.00 | -- | -- |
| Impairment Of Capital Assets | 6.1M | 3.0M | 8.5M | 628,000 |
| Net Income Continuous Operations | -51.7M | -26.9M | -36.6M | -17.4M |
| Net Non Operating Interest Income Expense | -13.5M | -9.4M | -5.9M | -1.7M |
| Other Gand A | 4.2M | 3.2M | 4.1M | 7.1M |
| Other Special Charges | 9.1M | -- | -- | -- |
| Reconciled Cost Of Revenue | 55.3M | 50.6M | 34.9M | 24.3M |
| Salaries And Wages | 7.0M | 8.2M | 7.4M | 6.2M |
| Selling And Marketing Expense | 3.6M | 3.4M | 2.7M | 1.2M |
| Total Expenses | 76.8M | 72.2M | 56.3M | 42.8M |
| Total Operating Income As Reported | -- | -- | -- | -17.8M |
| Total Other Finance Cost | 48,000 | 181,000 | 217,000 | 90,000 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 254,000 | 650,000 | 943,000 | 1.4M |
| Cash Cash Equivalents And Short Term Investments | 254,000 | 650,000 | 943,000 | 1.4M |
| Cash Financial | 254,000 | 650,000 | 943,000 | -- |
| Accounts Receivable | 8.3M | 10.0M | 4.9M | 3.0M |
| Receivables | 8.6M | 11.3M | 5.4M | 4.2M |
| Inventory | 4.6M | 3.0M | 4.9M | 10.7M |
| Prepaid Assets | 475,000 | 413,000 | 140,000 | 660,000 |
| Other Current Assets | -- | 413,000 | 140,000 | 660,000 |
| Current Assets | 15.0M | 16.1M | 12.0M | 17.9M |
| Gross PPE | 30.1M | 28.2M | 23.3M | 21.7M |
| Accumulated Depreciation | -15.4M | -10.9M | -7.4M | -3.5M |
| Net PPE | 14.7M | 17.3M | 15.9M | 18.2M |
| Goodwill | 3.1M | 3.1M | 5.0M | 12.1M |
| Goodwill And Other Intangible Assets | 12.2M | 20.2M | 25.5M | 36.3M |
| Other Intangible Assets | 9.1M | 17.2M | 20.5M | 24.2M |
| Investments And Advances | 251,000 | 0.00 | -- | -- |
| Long Term Equity Investment | 251,000 | 0.00 | -- | -- |
| Total Non Current Assets | 27.5M | 37.9M | 41.7M | 55.1M |
| Total Assets | 42.5M | 53.9M | 53.7M | 73.0M |
| Current Debt | 85.9M | 54.2M | 7.4M | 28.1M |
| Current Debt And Capital Lease Obligation | 89.1M | 56.3M | 9.5M | 30.5M |
| Accounts Payable | 18.3M | 13.1M | 16.0M | 6.9M |
| Payables | 18.3M | 13.1M | 16.0M | 6.9M |
| Payables And Accrued Expenses | 18.3M | 13.1M | 16.0M | 6.9M |
| Current Accrued Expenses | -- | -- | -- | 1.5M |
| Current Deferred Revenue | 1.8M | 1.4M | 2.0M | 371,000 |
| Current Liabilities | 109.1M | 70.8M | 27.5M | 37.7M |
| Long Term Debt | 1.2M | 1.5M | 26.2M | 391,000 |
| Long Term Debt And Capital Lease Obligation | 6.1M | 7.7M | 34.4M | 10.8M |
| Long Term Capital Lease Obligation | 4.9M | 6.2M | 8.2M | 10.4M |
| Total Non Current Liabilities Net Minority Interest | 6.1M | 7.7M | 34.4M | 10.8M |
| Total Liabilities Net Minority Interest | 115.3M | 78.5M | 61.9M | 48.6M |
| Common Stock | 36.8M | 36.8M | 37.9M | 36.0M |
| Capital Stock | 36.8M | 36.8M | 37.9M | 36.0M |
| Additional Paid In Capital | 16.9M | 6.8M | 4.1M | 3.9M |
| Retained Earnings | -138.6M | -86.9M | -60.0M | -23.4M |
| Gains Losses Not Affecting Retained Earnings | 12.2M | 18.8M | 9.9M | 7.9M |
| Other Equity Adjustments | 12.2M | 18.8M | 9.9M | 7.9M |
| Common Stock Equity | -72.8M | -24.6M | -8.2M | 24.5M |
| Stockholders Equity | -72.8M | -24.6M | -8.2M | 24.5M |
| Total Equity Gross Minority Interest | -72.8M | -24.6M | -8.2M | 24.5M |
| Total Capitalization | -71.6M | -23.1M | 18.0M | 24.9M |
| Net Tangible Assets | -85.0M | -44.8M | -33.7M | -11.9M |
| Tangible Book Value | -85.0M | -44.8M | -33.7M | -11.9M |
| Working Capital | -94.1M | -54.8M | -15.5M | -19.8M |
| Invested Capital | 14.4M | 31.1M | 25.4M | 52.9M |
| Total Debt | 95.2M | 64.0M | 43.9M | 41.3M |
| Net Debt | 86.9M | 55.1M | 32.7M | 27.0M |
| Share Issued | 100.2M | 100.2M | 111.3M | 101.0M |
| Ordinary Shares Number | 100.2M | 100.2M | 111.3M | 101.0M |
| Allowance For Doubtful Accounts Receivable | -2.1M | -1.4M | -190,000 | -1.4M |
| Buildings And Improvements | 10.7M | 9.3M | 10.0M | 10.1M |
| Capital Lease Obligations | 8.1M | 8.3M | 10.3M | 12.9M |
| Construction In Progress | 1.3M | 3.2M | 583,000 | 0.00 |
| Current Capital Lease Obligation | 3.1M | 2.1M | 2.1M | 2.4M |
| Current Deferred Assets | 500,000 | 0.00 | -- | -- |
| Current Deferred Liabilities | 1.8M | 1.4M | 2.0M | 371,000 |
| Duefrom Related Parties Current | -- | -- | 0.00 | 58,000 |
| Dueto Related Parties Current | -- | -- | -- | 0.00 |
| Financial Assets | 12,000 | 12,000 | 12,000 | 162,000 |
| Finished Goods | 1.4M | 0.00 | -- | -- |
| Gross Accounts Receivable | 10.4M | 11.4M | 5.1M | 4.4M |
| Investmentsin Associatesat Cost | 251,000 | 0.00 | -- | -- |
| Leases | 1.5M | 1.4M | 1.4M | 1.1M |
| Line Of Credit | 0.00 | 0.00 | 3.3M | 1.0M |
| Machinery Furniture Equipment | 174,000 | 174,000 | 187,000 | 187,000 |
| Non Current Deferred Liabilities | -- | -- | -- | 0.00 |
| Non Current Deferred Taxes Liabilities | -- | -- | -- | 0.00 |
| Non Current Prepaid Assets | 370,000 | 347,000 | 317,000 | 357,000 |
| Notes Receivable | -- | -- | -- | 19,000 |
| Other Current Borrowings | 85.9M | 54.2M | 7.4M | 27.0M |
| Other Payable | -- | -- | 3.6M | -- |
| Other Properties | 27.2M | 23.4M | 21.2M | 20.4M |
| Other Receivables | 263,000 | 1.1M | 220,000 | 832,000 |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 3.2M | 3.0M | 4.9M | 10.7M |
| Restricted Cash | 658,000 | 658,000 | 658,000 | 958,000 |
| Taxes Receivable | 44,000 | 245,000 | 302,000 | 326,000 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -9.3M | -18.0M | -566,000 | -16.0M |
| Cash Flow From Continuing Operating Activities | -9.3M | -18.0M | -566,000 | -16.0M |
| Depreciation And Amortization | 6.4M | 6.1M | 7.0M | 3.8M |
| Depreciation Amortization Depletion | 6.4M | 6.1M | 7.0M | 3.8M |
| Stock Based Compensation | 800,000 | 1.5M | 349,000 | 1.1M |
| Deferred Tax | -- | -- | 0.00 | -685,000 |
| Deferred Income Tax | -- | -- | 0.00 | -685,000 |
| Change In Working Capital | 6.6M | -8.1M | 14.4M | -5.9M |
| Changes In Account Receivables | 2.5M | -6.0M | -1.3M | 1.3M |
| Change In Receivables | 2.7M | -5.9M | -1.3M | 1.0M |
| Change In Inventory | -1.6M | 1.9M | 5.8M | -7.9M |
| Change In Payables And Accrued Expense | 5.1M | -3.2M | 7.4M | 3.2M |
| Change In Other Working Capital | 449,000 | -639,000 | 1.9M | -2.2M |
| Change In Other Current Assets | -23,000 | -30,000 | 40,000 | 0.00 |
| Other Non Cash Items | 12.3M | 6.4M | 5.7M | 2.4M |
| Capital Expenditure | -208,000 | -2.5M | -398,000 | -3.2M |
| Purchase Of PPE | -208,000 | -2.5M | -398,000 | -3.2M |
| Net PPE Purchase And Sale | -208,000 | -2.2M | -398,000 | -3.2M |
| Purchase Of Business | -- | -- | 0.00 | -28.8M |
| Investing Cash Flow | -208,000 | -2.2M | -398,000 | -32.0M |
| Cash Flow From Continuing Investing Activities | -208,000 | -2.2M | -398,000 | -32.0M |
| Issuance Of Debt | 13.1M | 33.8M | 10.3M | 29.8M |
| Repayment Of Debt | -3.9M | -10.8M | -7.7M | -2.7M |
| Net Issuance Payments Of Debt | 9.2M | 23.0M | 2.7M | 27.1M |
| Issuance Of Capital Stock | -- | 0.00 | 982,000 | 22.7M |
| Net Common Stock Issuance | -- | 0.00 | 982,000 | 22.7M |
| Financing Cash Flow | 9.1M | 19.8M | 713,000 | 48.7M |
| Cash Flow From Continuing Financing Activities | 9.1M | 19.8M | 713,000 | 48.7M |
| Effect Of Exchange Rate Changes | -6,000 | 66,000 | -256,000 | 476,000 |
| Changes In Cash | -390,000 | -359,000 | -251,000 | 760,000 |
| Beginning Cash Position | 650,000 | 943,000 | 1.4M | 214,000 |
| End Cash Position | 254,000 | 650,000 | 943,000 | 1.4M |
| Free Cash Flow | -9.5M | -20.4M | -964,000 | -19.2M |
| Asset Impairment Charge | 6.1M | 3.0M | 8.5M | 628,000 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 |
| Change In Prepaid Assets | -64,000 | -272,000 | 513,000 | 89,000 |
| Common Stock Issuance | -- | 0.00 | 982,000 | 22.7M |
| Gain Loss On Investment Securities | -- | -- | 150,000 | 284,000 |
| Gain Loss On Sale Of Business | -251,000 | 0.00 | -- | -- |
| Interest Paid Cff | -98,000 | -3.2M | -3.0M | -764,000 |
| Long Term Debt Issuance | 13.1M | 33.8M | 5.0M | 29.8M |
| Long Term Debt Payments | -3.9M | -10.8M | -3.2M | -2.4M |
| Net Business Purchase And Sale | -- | -- | 0.00 | -28.8M |
| Net Income From Continuing Operations | -51.7M | -26.9M | -36.6M | -17.4M |
| Net Long Term Debt Issuance | 9.2M | 23.0M | -3.2M | 27.4M |
| Net Other Financing Charges | -- | -- | -- | -264,000 |
| Net Short Term Debt Issuance | -- | 25.8M | 5.9M | -334,000 |
| Operating Gains Losses | 10.1M | -- | 150,000 | -34,000 |
| Proceeds From Stock Option Exercised | -- | -- | 0.00 | 12,000 |
| Sale Of PPE | 0.00 | 267,000 | 0.00 | -- |
| Short Term Debt Issuance | -- | 33.8M | 10.3M | 0.00 |
| Short Term Debt Payments | -- | -7.9M | -4.5M | -334,000 |