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 | 116.2M | 100.1M | 90.4M | 70.1M |
| Operating Revenue | 116.2M | 100.1M | 90.4M | 70.1M |
| Cost Of Revenue | 106.4M | 86.4M | 71.0M | 56.4M |
| Gross Profit | 9.8M | 13.7M | 19.4M | 13.7M |
| Selling General And Administration | 10.7M | 12.8M | 8.4M | 9.4M |
| General And Administrative Expense | 10.7M | 12.8M | 8.4M | 9.4M |
| Other Operating Expenses | 577,000 | 442,000 | 197,000 | 2.8M |
| Operating Expense | 11.2M | 13.3M | 8.6M | 9.4M |
| Operating Income | -1.4M | 403,000 | 10.8M | 4.2M |
| EBIT | 9.1M | 13.2M | 4.7M | -1.5M |
| Interest Expense | 5.9M | 5.9M | 5.5M | 3.2M |
| Interest Expense Non Operating | 5.9M | 5.9M | 5.5M | 3.2M |
| Interest Income | 105,000 | 0.00 | -- | -- |
| Interest Income Non Operating | 105,000 | 0.00 | -- | -- |
| Net Interest Income | -6.0M | -6.4M | -8.4M | -6.3M |
| Other Income Expense | 10.6M | 13.3M | -3.3M | -2.6M |
| Other Non Operating Income Expenses | 1.4M | 2.9M | -2.6M | -1.6M |
| Special Income Charges | -145,000 | -716,000 | -835,000 | -1.6M |
| Restructuring And Mergern Acquisition | 145,000 | 716,000 | 835,000 | 1.6M |
| Gain On Sale Of Security | 9.3M | 11.1M | 189,000 | 547,000 |
| Pretax Income | 3.1M | 7.3M | -818,000 | -4.7M |
| Tax Provision | 2.6M | 10.2M | 5.1M | 1.6M |
| Tax Effect Of Unusual Items | 1.4M | 4.1M | -169,317 | -283,285 |
| Net Income From Continuing And Discontinued Operation | 24.9M | -3.9M | -5.9M | -6.3M |
| Net Income From Continuing Operation Net Minority Interest | 534,000 | -2.9M | -5.9M | -6.3M |
| Net Income Including Noncontrolling Interests | 24.9M | -3.9M | -5.9M | -6.3M |
| Net Income Common Stockholders | 24.9M | -3.9M | -5.9M | -6.3M |
| Net Income | 24.9M | -3.9M | -5.9M | -6.3M |
| EBITDA | 29.5M | 22.6M | 13.1M | 4.2M |
| Normalized EBITDA | 20.3M | 12.2M | 13.8M | 5.3M |
| Reconciled Depreciation | 20.5M | 9.4M | 8.5M | 5.8M |
| Basic EPS | 0.25 | -0.07 | -0.08 | -0.09 |
| Diluted EPS | 0.24 | -0.07 | -0.08 | -0.09 |
| Basic Average Shares | 101.9M | 89.7M | 77.5M | 69.9M |
| Diluted Average Shares | 106.0M | 89.7M | 77.5M | 69.9M |
| Total Unusual Items | 9.2M | 10.4M | -646,000 | -1.1M |
| Total Unusual Items Excluding Goodwill | 9.2M | 10.4M | -646,000 | -1.1M |
| Tax Rate For Calcs | 0.15 | 0.40 | 0.26 | 0.27 |
| Normalized Income | -7.3M | -9.1M | -5.4M | -5.5M |
| Diluted NI Availto Com Stockholders | 24.9M | -3.9M | -5.9M | -6.3M |
| Net Income Continuous Operations | 534,000 | -2.9M | -5.9M | -6.3M |
| Net Income Discontinuous Operations | 24.3M | -1.0M | -- | -- |
| Net Non Operating Interest Income Expense | -6.0M | -6.4M | -8.4M | -6.3M |
| Other Gand A | 4.3M | 4.9M | 3.1M | 3.6M |
| Reconciled Cost Of Revenue | 106.4M | 86.4M | 71.0M | 56.4M |
| Salaries And Wages | 6.3M | 7.9M | 5.3M | 5.9M |
| Total Expenses | 117.6M | 99.7M | 79.5M | 65.8M |
| Total Other Finance Cost | 177,000 | 512,000 | 2.9M | 3.1M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 26.0M | 412,000 | 5.9M | 1.7M |
| Cash Cash Equivalents And Short Term Investments | 26.0M | 412,000 | 7.4M | 1.8M |
| Cash Financial | 26.0M | 412,000 | 5.9M | 1.7M |
| Other Short Term Investments | -- | 15,000 | 1.4M | 29,000 |
| Accounts Receivable | 1.1M | 1.0M | 1.4M | 1.2M |
| Receivables | 79.9M | 63.1M | 48.1M | 27.9M |
| Inventory | 11.2M | 8.9M | 9.1M | 8.7M |
| Prepaid Assets | 425,000 | 155,000 | 144,000 | -- |
| Other Current Assets | -- | 15,000 | 144,000 | 182,000 |
| Current Assets | 117.6M | 79.4M | 66.7M | 46.0M |
| Gross PPE | 150.6M | 190.4M | 99.6M | 66.6M |
| Accumulated Depreciation | -46.2M | -25.7M | -16.5M | -8.2M |
| Net PPE | 104.4M | 164.7M | 83.0M | 58.4M |
| Investments And Advances | 571,000 | 240,000 | 704,000 | 658,000 |
| Other Investments | -- | -- | 704,000 | 658,000 |
| Other Non Current Assets | 14.7M | 2.2M | 10.8M | 4.8M |
| Total Non Current Assets | 123.5M | 171.4M | 96.0M | 63.8M |
| Total Assets | 241.1M | 250.7M | 162.6M | 109.8M |
| Current Debt | 28.7M | 39.7M | 9.3M | 6.0M |
| Current Debt And Capital Lease Obligation | 29.1M | 40.1M | 11.3M | 6.7M |
| Accounts Payable | 8.4M | 15.2M | 8.9M | 8.3M |
| Payables | 80.6M | 81.1M | 49.6M | 36.7M |
| Payables And Accrued Expenses | 101.4M | 106.6M | 64.8M | 50.0M |
| Current Accrued Expenses | 20.8M | 25.6M | 15.2M | 13.3M |
| Current Deferred Revenue | -- | 0.00 | 2.1M | 2.5M |
| Other Current Liabilities | 70,000 | 50,000 | 55,000 | 377,000 |
| Current Liabilities | 130.5M | 146.8M | 78.3M | 59.6M |
| Long Term Debt | 6.5M | 22.1M | 24.7M | -- |
| Long Term Debt And Capital Lease Obligation | 6.8M | 22.6M | 26.0M | 1.3M |
| Long Term Capital Lease Obligation | 290,000 | 514,000 | 1.3M | 1.3M |
| Other Non Current Liabilities | 22.3M | 22.5M | 572,000 | 95,000 |
| Total Non Current Liabilities Net Minority Interest | 59.1M | 79.2M | 71.0M | 35.1M |
| Total Liabilities Net Minority Interest | 189.6M | 225.9M | 149.3M | 94.7M |
| Common Stock | 56.4M | 54.6M | 41.6M | 40.4M |
| Capital Stock | 56.4M | 54.6M | 41.6M | 40.4M |
| Retained Earnings | -5.9M | -35.8M | -29.3M | -23.7M |
| Gains Losses Not Affecting Retained Earnings | -1.1M | -768,000 | -4.3M | -5.4M |
| Other Equity Adjustments | -1.1M | -768,000 | -4.3M | -5.4M |
| Common Stock Equity | 51.5M | 24.8M | 13.4M | 15.1M |
| Stockholders Equity | 51.5M | 24.8M | 13.4M | 15.1M |
| Total Equity Gross Minority Interest | 51.5M | 24.8M | 13.4M | 15.1M |
| Total Capitalization | 58.0M | 46.9M | 38.1M | 15.1M |
| Net Tangible Assets | 51.5M | 24.8M | 13.4M | 15.1M |
| Tangible Book Value | 51.5M | 24.8M | 13.4M | 15.1M |
| Working Capital | -12.9M | -67.4M | -11.6M | -13.5M |
| Invested Capital | 86.7M | 86.5M | 47.3M | 21.1M |
| Total Debt | 35.8M | 62.7M | 37.4M | 8.0M |
| Net Debt | 9.1M | 61.3M | 28.1M | 4.3M |
| Share Issued | 104.0M | 98.3M | 78.6M | 76.5M |
| Ordinary Shares Number | 104.0M | 98.3M | 78.6M | 76.5M |
| Available For Sale Securities | 571,000 | 240,000 | 704,000 | 658,000 |
| Capital Lease Obligations | 664,000 | 919,000 | 1.6M | 2.0M |
| Construction In Progress | 2.4M | 7.7M | 6.4M | 796,000 |
| Current Capital Lease Obligation | 374,000 | 405,000 | 331,000 | 691,000 |
| Current Deferred Liabilities | -- | 0.00 | 2.1M | 2.5M |
| Current Notes Payable | 16.8M | 28.4M | 4.0M | 0.00 |
| Duefrom Related Parties Current | -- | 0.00 | 818,000 | 525,000 |
| Duefrom Related Parties Non Current | 3.9M | 4.2M | 0.00 | -- |
| Finished Goods | 2.4M | 0.00 | 2.2M | 2.6M |
| Investmentin Financial Assets | 571,000 | 240,000 | 704,000 | 658,000 |
| Line Of Credit | 9.3M | 9.3M | 5.3M | 6.0M |
| Long Term Provisions | 19.3M | 14.8M | 10.8M | 3.3M |
| Non Current Accounts Receivable | 3.9M | 4.2M | 6.0M | 1.8M |
| Non Current Deferred Liabilities | 10.7M | 10.7M | 17.0M | 14.0M |
| Non Current Deferred Revenue | -- | 0.00 | 14.0M | 14.0M |
| Non Current Deferred Taxes Liabilities | 10.7M | 10.7M | 3.0M | 0.00 |
| Non Current Prepaid Assets | -- | 0.00 | 1.4M | 0.00 |
| Other Current Borrowings | 2.6M | 2.0M | 1.7M | -- |
| Other Equity Interest | 2.0M | 6.8M | 5.3M | 3.8M |
| Other Inventories | -- | -- | -2.2M | -3.0M |
| Other Payable | 72.2M | 65.9M | 40.8M | 28.5M |
| Other Properties | 988,000 | 5.2M | 380,000 | 610,000 |
| Other Receivables | 66.3M | 55.9M | 38.8M | 18.2M |
| Raw Materials | 7.6M | 6.9M | 6.0M | 5.3M |
| Restricted Cash | 0.00 | 6.8M | 2.0M | 7.5M |
| Taxes Receivable | 12.5M | 6.1M | 7.2M | 7.9M |
| Tradeand Other Payables Non Current | 0.00 | 8.6M | 16.5M | 16.4M |
| Work In Process | 1.3M | 1.9M | 950,000 | 910,000 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 10.7M | 34.8M | 15.2M | 6.7M |
| Cash Flow From Continuing Operating Activities | 10.7M | 34.8M | 15.2M | 6.7M |
| Depreciation And Amortization | 20.5M | 9.4M | 8.5M | 5.8M |
| Depreciation Amortization Depletion | 20.5M | 9.4M | 8.5M | 5.8M |
| Stock Based Compensation | 1.6M | 2.8M | 2.8M | 3.3M |
| Deferred Tax | -50,000 | 7.7M | 3.0M | 0.00 |
| Deferred Income Tax | -50,000 | 7.7M | 3.0M | 0.00 |
| Change In Working Capital | -21.7M | 21.0M | 502,000 | -2.4M |
| Change In Receivables | -18.2M | -6.7M | -22.4M | -18.9M |
| Change In Inventory | -3.0M | 2.1M | 377,000 | -2.1M |
| Change In Payables And Accrued Expense | -4.5M | 25.7M | 22.5M | 18.5M |
| Change In Payable | -4.2M | 25.7M | 22.5M | 18.5M |
| Change In Other Working Capital | 3.9M | -123,000 | -- | -- |
| Other Non Cash Items | -15.9M | 1.1M | 5.6M | 5.1M |
| Capital Expenditure | -10.3M | -55.2M | -26.2M | -14.3M |
| Purchase Of PPE | -10.3M | -55.2M | -26.2M | -14.3M |
| Net PPE Purchase And Sale | -10.3M | -55.2M | -26.2M | -14.2M |
| Purchase Of Business | -- | -2.4M | 0.00 | 0.00 |
| Sale Of Business | 0.00 | 3.9M | -- | -- |
| Purchase Of Investment | -27.0M | -41.9M | -26.0M | -7.5M |
| Sale Of Investment | 21.8M | 38.0M | 24.5M | 7.5M |
| Net Investment Purchase And Sale | -5.2M | -3.9M | -1.4M | 23,000 |
| Investing Cash Flow | 22.6M | -59.4M | -36.1M | -21.2M |
| Cash Flow From Continuing Investing Activities | -22.4M | -59.4M | -36.1M | -21.2M |
| Issuance Of Debt | 58.6M | 42.3M | 48.2M | 15.0M |
| Repayment Of Debt | -61.7M | -26.1M | -18.0M | -16.0M |
| Net Issuance Payments Of Debt | -3.1M | 16.2M | 30.3M | -1.0M |
| Issuance Of Capital Stock | -- | -- | 0.00 | 10.8M |
| Repurchase Of Capital Stock | -94,000 | 0.00 | -- | -- |
| Net Common Stock Issuance | -94,000 | 0.00 | 0.00 | 10.8M |
| Common Stock Payments | -94,000 | 0.00 | -- | -- |
| Financing Cash Flow | -7.7M | 19.4M | 25.3M | 9.6M |
| Cash Flow From Continuing Financing Activities | -7.7M | 19.4M | 25.3M | 9.6M |
| Effect Of Exchange Rate Changes | -16,000 | -255,000 | -184,000 | -75,000 |
| Changes In Cash | 25.6M | -5.3M | 4.4M | -4.8M |
| Beginning Cash Position | 412,000 | 5.9M | 1.7M | 6.6M |
| End Cash Position | 26.0M | 412,000 | 5.9M | 1.7M |
| Free Cash Flow | 432,000 | -20.4M | -11.0M | -7.6M |
| Amortization Of Securities | -143,000 | 129,000 | 0.00 | -- |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash From Discontinued Investing Activities | 45.0M | 0.00 | -- | -- |
| Change In Account Payable | -4.2M | 25.7M | 22.5M | 18.5M |
| Change In Accrued Expense | -285,000 | 0.00 | -- | -- |
| Change In Interest Payable | -285,000 | 0.00 | -- | -- |
| Common Stock Issuance | -- | -- | 0.00 | 10.8M |
| Depreciation | 20.5M | 9.4M | 8.5M | 5.8M |
| Gain Loss On Investment Securities | 975,000 | -329,000 | -328,000 | -337,000 |
| Gain Loss On Sale Of Business | -- | 3.9M | 978,000 | -- |
| Interest Paid Cff | -3.2M | -4.7M | -4.1M | -351,000 |
| Long Term Debt Issuance | 23.6M | 16.9M | 33.2M | 0.00 |
| Long Term Debt Payments | -748,000 | -4.2M | -2.2M | -673,000 |
| Net Business Purchase And Sale | 0.00 | 3.9M | 0.00 | 0.00 |
| Net Income From Continuing Operations | 25.4M | -6.8M | -5.9M | -6.3M |
| Net Long Term Debt Issuance | 22.8M | 12.7M | 31.0M | -673,000 |
| Net Other Financing Charges | -1.2M | 7.9M | -1.1M | -444,000 |
| Net Other Investing Changes | -6.9M | -4.3M | -8.5M | -6.9M |
| Net Short Term Debt Issuance | -25.9M | 3.5M | -750,000 | -375,000 |
| Operating Gains Losses | 975,000 | -329,000 | 650,000 | -337,000 |
| Proceeds From Stock Option Exercised | 0.00 | 17,000 | 241,000 | 686,000 |
| Provisionand Write Offof Assets | -- | -- | 0.00 | 1.6M |
| Sale Of PPE | -- | -- | -- | 60,000 |
| Short Term Debt Issuance | 35.0M | 25.4M | 15.0M | 15.0M |
| Short Term Debt Payments | -61.0M | -21.9M | -15.8M | -15.4M |
| Unrealized Gain Loss On Investment Securities | -50,000 | -17,000 | 0.00 | -- |