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 | 36.7M | 26.5M | 32.2M | 27.6M |
| Operating Revenue | 36.8M | 26.8M | 33.0M | 28.5M |
| Cost Of Revenue | 15.5M | 12.2M | 12.9M | 11.1M |
| Gross Profit | 21.2M | 14.3M | 19.3M | 16.5M |
| Selling General And Administration | 4.7M | 2.8M | 3.6M | 3.2M |
| General And Administrative Expense | 4.5M | 2.7M | 3.5M | 2.8M |
| Other Operating Expenses | 29.6M | 18.8M | 16.9M | 11.5M |
| Operating Expense | 34.2M | 21.7M | 20.6M | 14.6M |
| Operating Income | -13.0M | -7.4M | -1.3M | 1.9M |
| EBIT | -8.8M | -6.9M | -3.8M | 10.5M |
| Interest Expense | 4.2M | 3.3M | 2.7M | 1.0M |
| Interest Expense Non Operating | 4.2M | 3.3M | 2.7M | 1.0M |
| Interest Income | 553,714 | 898,393 | 324,485 | 249,191 |
| Interest Income Non Operating | 553,714 | 898,393 | 324,485 | 249,191 |
| Net Interest Income | -4.1M | -3.1M | -3.7M | -1.2M |
| Other Income Expense | 4.1M | 330,437 | -1.5M | 8.8M |
| Other Non Operating Income Expenses | 133,993 | -- | 1.1M | -28,225 |
| Special Income Charges | -115,171 | 2.4M | -958,020 | 9.5M |
| Restructuring And Mergern Acquisition | 115,171 | 689,130 | -1.1M | -9.5M |
| Gain On Sale Of Security | 4.1M | -2.0M | -562,673 | -664,231 |
| Pretax Income | -13.0M | -10.1M | -6.5M | 9.5M |
| Tax Provision | -3.9M | -2.0M | -606,990 | -293,400 |
| Tax Effect Of Unusual Items | 1.2M | 65,342 | -141,706 | 2.2M |
| Net Income From Continuing And Discontinued Operation | -9.1M | -8.1M | -5.9M | 9.8M |
| Net Income From Continuing Operation Net Minority Interest | -9.1M | -8.1M | -5.9M | 9.8M |
| Net Income Including Noncontrolling Interests | -9.1M | -8.1M | -5.9M | 9.8M |
| Net Income Common Stockholders | -9.1M | -8.1M | -5.9M | 9.8M |
| Net Income | -9.1M | -8.1M | -5.9M | 9.8M |
| EBITDA | 187,992 | 852,033 | 3.5M | 16.9M |
| Normalized EBITDA | -3.8M | 521,596 | 5.0M | 8.1M |
| Reconciled Depreciation | 9.0M | 7.7M | 7.2M | 6.4M |
| Basic EPS | -0.13 | -0.11 | -0.08 | 0.13 |
| Diluted EPS | -0.13 | -0.11 | -0.08 | 0.13 |
| Basic Average Shares | 72.9M | 72.9M | 72.9M | 72.9M |
| Diluted Average Shares | 72.9M | 72.9M | 72.9M | 73.0M |
| Total Unusual Items | 4.0M | 330,437 | -1.5M | 8.8M |
| Total Unusual Items Excluding Goodwill | 4.0M | 330,437 | -1.5M | 8.8M |
| Tax Rate For Calcs | 0.30 | 0.20 | 0.09 | 0.25 |
| Normalized Income | -11.9M | -8.4M | -4.5M | 3.1M |
| Diluted NI Availto Com Stockholders | -9.1M | -8.1M | -5.9M | 9.8M |
| Excise Taxes | 421,356 | 503,268 | 1.1M | 1.2M |
| Impairment Of Capital Assets | 0.00 | -3.0M | 2.0M | 0.00 |
| Net Income Continuous Operations | -9.1M | -8.1M | -5.9M | 9.8M |
| Net Non Operating Interest Income Expense | -4.1M | -3.1M | -3.7M | -1.2M |
| Other Gand A | 2.8M | 1.2M | 1.6M | 1.3M |
| Reconciled Cost Of Revenue | 15.5M | 12.2M | 12.9M | 11.1M |
| Salaries And Wages | 1.7M | 1.5M | 1.9M | 1.5M |
| Selling And Marketing Expense | 169,667 | 76,039 | 150,364 | 363,078 |
| Total Expenses | 49.8M | 33.9M | 33.5M | 25.7M |
| Total Operating Income As Reported | -11.5M | -6.7M | -2.6M | 10.8M |
| Total Other Finance Cost | 467,931 | 722,079 | 1.3M | 445,495 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 4.4M | 191,507 | 536,752 | 3.2M |
| Cash Cash Equivalents And Short Term Investments | 4.4M | 2.9M | 536,752 | 3.2M |
| Cash Financial | 4.4M | 191,507 | 536,752 | 3.2M |
| Other Short Term Investments | 0.00 | 2.7M | 0.00 | -- |
| Accounts Receivable | 10.5M | 1.8M | 3.5M | 3.6M |
| Receivables | 13.2M | 2.3M | 5.2M | 5.2M |
| Inventory | 7.6M | 1.5M | 1.6M | 271,332 |
| Prepaid Assets | 3.0M | 1.0M | 2.5M | 1.6M |
| Current Assets | 28.1M | 7.6M | 9.9M | 10.3M |
| Gross PPE | 279.9M | 142.4M | 136.1M | 116.3M |
| Accumulated Depreciation | -90.4M | -82.5M | -78.0M | -68.5M |
| Net PPE | 189.6M | 59.9M | 58.1M | 47.7M |
| Other Non Current Assets | 500,322 | 211,173 | 252,200 | 299,560 |
| Total Non Current Assets | 190.1M | 60.1M | 58.3M | 48.0M |
| Total Assets | 218.2M | 67.8M | 68.2M | 58.3M |
| Current Debt | 36.5M | 12.8M | 4.1M | 2.2M |
| Current Debt And Capital Lease Obligation | 37.5M | 13.3M | 4.6M | 2.2M |
| Accounts Payable | 8.5M | 3.4M | 3.3M | 2.6M |
| Payables | 11.3M | 3.9M | 4.3M | 3.5M |
| Payables And Accrued Expenses | 19.1M | 5.8M | 6.1M | 4.5M |
| Current Accrued Expenses | 7.8M | 1.9M | 1.9M | 947,148 |
| Current Liabilities | 56.9M | 19.4M | 11.1M | 7.3M |
| Long Term Debt | 29.0M | 16.5M | 14.5M | 3.2M |
| Long Term Debt And Capital Lease Obligation | 30.0M | 16.8M | 15.5M | 3.5M |
| Long Term Capital Lease Obligation | 976,116 | 378,124 | 972,363 | 243,013 |
| Total Non Current Liabilities Net Minority Interest | 152.7M | 30.5M | 31.2M | 19.2M |
| Total Liabilities Net Minority Interest | 209.6M | 50.0M | 42.3M | 26.5M |
| Common Stock | 56.5M | 56.5M | 56.5M | 56.5M |
| Capital Stock | 56.5M | 56.5M | 56.5M | 56.5M |
| Additional Paid In Capital | 691,343 | 691,343 | 675,195 | 600,462 |
| Retained Earnings | -30.2M | -21.1M | -13.0M | -7.1M |
| Gains Losses Not Affecting Retained Earnings | -18.3M | -18.2M | -18.3M | -18.2M |
| Other Equity Adjustments | -18.3M | -18.2M | -18.3M | -18.2M |
| Common Stock Equity | 8.6M | 17.8M | 25.9M | 31.8M |
| Stockholders Equity | 8.6M | 17.8M | 25.9M | 31.8M |
| Total Equity Gross Minority Interest | 8.6M | 17.8M | 25.9M | 31.8M |
| Total Capitalization | 37.6M | 34.3M | 40.4M | 35.0M |
| Net Tangible Assets | 8.6M | 17.8M | 25.9M | 31.8M |
| Tangible Book Value | 8.6M | 17.8M | 25.9M | 31.8M |
| Working Capital | -28.8M | -11.8M | -1.3M | 2.9M |
| Invested Capital | 74.1M | 47.1M | 44.6M | 37.2M |
| Total Debt | 67.5M | 30.1M | 20.1M | 5.7M |
| Net Debt | 61.1M | 29.1M | 18.1M | 2.2M |
| Share Issued | 72.9M | 72.9M | 72.9M | 72.9M |
| Ordinary Shares Number | 72.9M | 72.9M | 72.9M | 72.9M |
| Capital Lease Obligations | 2.0M | 865,168 | 1.5M | 319,913 |
| Current Capital Lease Obligation | 1.1M | 487,044 | 483,527 | 76,900 |
| Current Provisions | 326,211 | 360,546 | 365,418 | 597,195 |
| Duefrom Related Parties Current | 137,487 | 290,769 | 80,699 | 0.00 |
| Finished Goods | 2.0M | 1.5M | 1.6M | 271,332 |
| Line Of Credit | 19.7M | 508,114 | 4.1M | 0.00 |
| Long Term Provisions | 34.5M | 10.1M | 10.9M | 11.4M |
| Non Current Accrued Expenses | 367,653 | 291,715 | 135,313 | 285,693 |
| Non Current Deferred Liabilities | 29.5M | 2.2M | 4.2M | 4.0M |
| Non Current Deferred Taxes Liabilities | 29.5M | 2.2M | 4.2M | 4.0M |
| Other Current Borrowings | 16.8M | 12.3M | 7,233 | 2.2M |
| Other Payable | 2.8M | 487,205 | 895,520 | 907,077 |
| Other Properties | 279.9M | 142.4M | 136.1M | 116.3M |
| Other Receivables | 493,963 | 95,157 | 195,845 | 80,201 |
| Raw Materials | 5.6M | 0.00 | -- | -- |
| Receivables Adjustments Allowances | -225,657 | -235,039 | -257,520 | -319,070 |
| Taxes Receivable | 2.2M | 375,406 | 1.7M | 1.9M |
| Total Tax Payable | -- | 0.00 | 37,707 | 70,950 |
| Tradeand Other Payables Non Current | 58.3M | 1.2M | 412,180 | 65,045 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -4.4M | 3.8M | 1.3M | 6.9M |
| Cash Flow From Continuing Operating Activities | -4.4M | 3.8M | 1.3M | 6.9M |
| Depreciation Amortization Depletion | 9.0M | 7.7M | 7.2M | 6.4M |
| Stock Based Compensation | 0.00 | 16,148 | 74,733 | 187,515 |
| Deferred Tax | -3.9M | -2.0M | -606,990 | -293,400 |
| Deferred Income Tax | -3.9M | -2.0M | -606,990 | -293,400 |
| Change In Working Capital | -3.3M | 2.2M | -1.7M | -502,391 |
| Other Non Cash Items | 3.8M | 3.3M | 2.3M | -8.4M |
| Capital Expenditure | -2.2M | -8.0M | -10.4M | -4.0M |
| Purchase Of PPE | -2.2M | -8.0M | -10.4M | -4.0M |
| Net PPE Purchase And Sale | -2.2M | -8.0M | -10.4M | -4.0M |
| Purchase Of Business | -26.6M | -219,888 | -5.0M | -4.2M |
| Sale Of Business | 0.00 | 86,022 | 57,448 | 70,116 |
| Purchase Of Investment | 0.00 | -5.2M | 0.00 | -- |
| Sale Of Investment | 2.9M | 0.00 | -- | -- |
| Net Investment Purchase And Sale | 2.9M | -5.2M | 0.00 | -- |
| Investing Cash Flow | -24.0M | -13.8M | -16.3M | -7.3M |
| Cash Flow From Continuing Investing Activities | -24.0M | -13.8M | -16.3M | -7.3M |
| Issuance Of Debt | 54.0M | 23.9M | 27.1M | 6.9M |
| Repayment Of Debt | -18.1M | -11.0M | -12.0M | -2.8M |
| Net Issuance Payments Of Debt | 35.9M | 12.9M | 15.1M | 4.1M |
| Financing Cash Flow | 32.6M | 10.0M | 12.5M | 3.0M |
| Cash Flow From Continuing Financing Activities | 32.6M | 10.0M | 12.5M | 3.0M |
| Effect Of Exchange Rate Changes | -38,021 | -264,875 | -245,461 | -70,018 |
| Changes In Cash | 4.2M | -80,370 | -2.4M | 2.6M |
| Beginning Cash Position | 191,507 | 536,752 | 3.2M | 654,743 |
| End Cash Position | 4.4M | 191,507 | 536,752 | 3.2M |
| Free Cash Flow | -6.6M | -4.2M | -9.0M | 2.9M |
| Asset Impairment Charge | 0.00 | -3.0M | 2.0M | 0.00 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 |
| Gain Loss On Sale Of Business | -- | -- | -- | -9.5M |
| Interest Paid Cff | -3.3M | -3.1M | -2.6M | -774,280 |
| Long Term Debt Issuance | 28.8M | 14.0M | 10.0M | 5.3M |
| Long Term Debt Payments | -12.3M | -570,962 | -724,817 | -42,565 |
| Net Business Purchase And Sale | -26.6M | -133,866 | -4.9M | -4.1M |
| Net Foreign Currency Exchange Gain Loss | -894,163 | 3.7M | -2.1M | -294,171 |
| Net Income From Continuing Operations | -9.1M | -8.1M | -5.9M | 9.8M |
| Net Long Term Debt Issuance | 16.5M | 13.4M | 9.3M | 5.3M |
| Net Other Financing Charges | 48,365 | 101,648 | 47,360 | -299,560 |
| Net Other Investing Changes | 1.8M | -523,965 | -987,350 | 787,046 |
| Net Short Term Debt Issuance | 19.4M | -500,890 | 5.8M | -1.2M |
| Operating Gains Losses | -894,163 | 3.7M | -2.1M | -294,171 |
| Provisionand Write Offof Assets | -- | -- | 54,228 | 0.00 |
| Short Term Debt Issuance | 25.3M | 9.9M | 17.1M | 1.6M |
| Short Term Debt Payments | -5.8M | -10.4M | -11.3M | -2.7M |