Income Statement
Balance Sheet
Cash Flow
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 21.7M | 22.2M | 23.5M | 19.6M | 5.6M |
| Operating Revenue | 21.7M | 22.2M | 23.5M | 19.6M | 5.6M |
| Cost Of Revenue | 7.9M | 7.9M | 8.1M | 6.3M | 2.6M |
| Gross Profit | 13.8M | 14.3M | 15.5M | 13.3M | 3.0M |
| Selling General And Administration | 1.2M | 1.4M | 1.1M | 2.4M | 851,857 |
| General And Administrative Expense | 1.2M | 1.4M | 1.0M | 2.3M | 827,275 |
| Other Operating Expenses | 20.7M | 21.3M | 18.6M | 15.1M | 5.0M |
| Operating Expense | 21.9M | 22.7M | 19.7M | 17.5M | 5.8M |
| Operating Income | -8.1M | -8.4M | -4.2M | -4.3M | -2.8M |
| EBIT | -5.9M | -6.8M | 10.6M | -1.3M | -2.7M |
| Interest Expense | 2.8M | 2.2M | 2.3M | 1.7M | 839,573 |
| Interest Expense Non Operating | 2.8M | 2.2M | 2.3M | 1.7M | 839,573 |
| Interest Income | 314,189 | 41,371 | 117,777 | 53,670 | 62,796 |
| Interest Income Non Operating | 314,189 | 41,371 | 117,777 | 53,670 | 62,796 |
| Net Interest Income | -3.2M | -2.7M | -2.5M | -2.0M | -788,726 |
| Other Income Expense | 2.6M | 2.0M | 15.0M | 3.3M | 127,370 |
| Other Non Operating Income Expenses | 3,705 | -- | -- | 0.00 | -- |
| Special Income Charges | -69,903 | -39,104 | 14.6M | -- | 0.00 |
| Restructuring And Mergern Acquisition | 69,903 | 39,104 | -14.6M | -- | 0.00 |
| Gain On Sale Of Security | 2.6M | 2.1M | 409,491 | 3.4M | 127,370 |
| Pretax Income | -8.7M | -9.1M | 8.3M | -3.0M | -3.5M |
| Tax Provision | -3.9M | -3.4M | -3.2M | 74,259 | -1.4M |
| Tax Effect Of Unusual Items | 897,585 | 756,970 | 5.3M | 1.1M | 44,580 |
| Net Income From Continuing And Discontinued Operation | -4.8M | -5.7M | 11.5M | -3.1M | -2.1M |
| Net Income From Continuing Operation Net Minority Interest | -4.8M | -5.7M | 11.5M | -3.1M | -2.1M |
| Net Income Including Noncontrolling Interests | -4.8M | -5.7M | 11.5M | -3.1M | -2.1M |
| Net Income Common Stockholders | -4.8M | -5.7M | 11.5M | -3.1M | -2.1M |
| Net Income | -4.8M | -5.7M | 11.5M | -3.1M | -2.1M |
| EBITDA | -1.9M | -2.9M | 14.5M | 1.5M | -1.1M |
| Normalized EBITDA | -4.4M | -5.0M | -555,731 | -1.7M | -1.2M |
| Reconciled Depreciation | 4.1M | 3.9M | 3.9M | 2.9M | 1.6M |
| Basic EPS | -0.07 | -0.08 | 0.16 | -0.04 | -0.03 |
| Diluted EPS | -0.07 | -0.08 | 0.16 | -0.04 | -0.03 |
| Basic Average Shares | 72.9M | 72.9M | 72.9M | 72.9M | 72.9M |
| Diluted Average Shares | 72.9M | 72.9M | 72.9M | 72.9M | 72.9M |
| Total Unusual Items | 2.6M | 2.0M | 15.0M | 3.3M | 127,370 |
| Total Unusual Items Excluding Goodwill | 2.6M | 2.0M | 15.0M | 3.3M | 127,370 |
| Tax Rate For Calcs | 0.35 | 0.37 | 0.35 | 0.35 | 0.35 |
| Normalized Income | -6.5M | -7.0M | 1.7M | -5.2M | -2.1M |
| Diluted NI Availto Com Stockholders | -4.8M | -5.7M | 11.5M | -3.1M | -2.1M |
| Excise Taxes | 113,102 | 101,251 | 92,504 | 112,047 | 76,514 |
| Net Income Continuous Operations | -4.8M | -5.7M | 11.5M | -3.1M | -2.1M |
| Net Non Operating Interest Income Expense | -3.2M | -2.7M | -2.5M | -2.0M | -788,726 |
| Other Gand A | 659,905 | 829,179 | 442,878 | 1.7M | 354,281 |
| Reconciled Cost Of Revenue | 7.9M | 7.9M | 8.1M | 6.3M | 2.6M |
| Salaries And Wages | 513,314 | 529,418 | 598,558 | 603,743 | 472,994 |
| Selling And Marketing Expense | 41,234 | 35,456 | 15,041 | 110,627 | 24,582 |
| Total Expenses | 29.8M | 30.6M | 27.8M | 23.8M | 8.4M |
| Total Operating Income As Reported | -5.0M | -6.0M | 11.1M | -3.6M | -2.6M |
| Total Other Finance Cost | 715,422 | 537,355 | 295,046 | 378,775 | 11,949 |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 2.5M | 137,257 | 274,832 | 4.4M | 283,740 |
| Cash Cash Equivalents And Short Term Investments | 3.6M | 1.4M | 274,832 | 4.4M | 283,740 |
| Cash Financial | 2.5M | 137,257 | 274,832 | 4.4M | 283,740 |
| Other Short Term Investments | 1.1M | 1.3M | -- | 0.00 | 0.00 |
| Accounts Receivable | 8.3M | 7.5M | 9.9M | 10.5M | 2.3M |
| Receivables | 10.4M | 9.3M | 11.9M | 13.2M | 3.2M |
| Inventory | 8.3M | 8.2M | 7.8M | 7.6M | 480,946 |
| Prepaid Assets | 5.6M | 5.0M | 4.0M | 3.0M | 1.5M |
| Current Assets | 27.9M | 23.8M | 24.0M | 28.1M | 5.5M |
| Gross PPE | 284.6M | 284.5M | 283.1M | 279.9M | 144.2M |
| Accumulated Depreciation | -102.7M | -98.5M | -94.4M | -90.4M | -88.2M |
| Net PPE | 181.9M | 186.0M | 188.7M | 189.6M | 56.0M |
| Other Non Current Assets | 891,375 | 365,465 | 863,458 | 500,322 | 2.9M |
| Total Non Current Assets | 192.8M | 187.0M | 189.5M | 190.1M | 60.7M |
| Total Assets | 220.7M | 210.8M | 213.5M | 218.2M | 66.2M |
| Current Debt | 33.1M | 37.6M | 40.9M | 36.5M | 29.0M |
| Current Debt And Capital Lease Obligation | 34.2M | 38.6M | 42.0M | 37.5M | 29.2M |
| Accounts Payable | 26.4M | 25.1M | 16.1M | 8.5M | 3.3M |
| Payables | 30.1M | 29.8M | 19.2M | 11.3M | 4.0M |
| Payables And Accrued Expenses | 34.5M | 35.5M | 24.9M | 19.1M | 5.6M |
| Current Accrued Expenses | 4.4M | 5.7M | 5.6M | 7.8M | 1.6M |
| Current Liabilities | 68.9M | 74.5M | 67.2M | 56.9M | 35.2M |
| Long Term Debt | 46.8M | 21.9M | 21.8M | 29.0M | 7.2M |
| Long Term Debt And Capital Lease Obligation | 47.0M | 22.3M | 22.5M | 30.0M | 7.5M |
| Long Term Capital Lease Obligation | 188,151 | 409,775 | 696,879 | 976,116 | 318,496 |
| Total Non Current Liabilities Net Minority Interest | 142.1M | 121.9M | 126.2M | 152.7M | 19.3M |
| Total Liabilities Net Minority Interest | 211.1M | 196.4M | 193.5M | 209.6M | 54.4M |
| Common Stock | 56.5M | 56.5M | 56.5M | 56.5M | 56.5M |
| Capital Stock | 56.5M | 56.5M | 56.5M | 56.5M | 56.5M |
| Additional Paid In Capital | 691,343 | 691,343 | 691,343 | 691,343 | 691,343 |
| Retained Earnings | -29.3M | -24.5M | -18.8M | -30.2M | -27.1M |
| Gains Losses Not Affecting Retained Earnings | -18.2M | -18.2M | -18.3M | -18.3M | -18.2M |
| Other Equity Adjustments | -18.2M | -18.2M | -18.3M | -18.3M | -18.2M |
| Common Stock Equity | 9.6M | 14.4M | 20.1M | 8.6M | 11.8M |
| Stockholders Equity | 9.6M | 14.4M | 20.1M | 8.6M | 11.8M |
| Total Equity Gross Minority Interest | 9.6M | 14.4M | 20.1M | 8.6M | 11.8M |
| Total Capitalization | 56.4M | 36.3M | 41.9M | 37.6M | 19.0M |
| Net Tangible Assets | 9.6M | 14.4M | 20.1M | 8.6M | 11.8M |
| Tangible Book Value | 9.6M | 14.4M | 20.1M | 8.6M | 11.8M |
| Working Capital | -41.1M | -50.7M | -43.2M | -28.8M | -29.7M |
| Invested Capital | 89.5M | 73.9M | 82.9M | 74.1M | 48.0M |
| Total Debt | 81.1M | 60.9M | 64.5M | 67.5M | 36.7M |
| Net Debt | 77.4M | 59.3M | 62.5M | 61.1M | 35.9M |
| Share Issued | 72.9M | 72.9M | 72.9M | 72.9M | 72.9M |
| Ordinary Shares Number | 72.9M | 72.9M | 72.9M | 72.9M | 72.9M |
| Capital Lease Obligations | 1.3M | 1.5M | 1.8M | 2.0M | 575,353 |
| Current Capital Lease Obligation | 1.1M | 1.1M | 1.1M | 1.1M | 256,857 |
| Current Provisions | 336,477 | 332,982 | 329,562 | 326,211 | 365,112 |
| Duefrom Related Parties Current | 0.00 | 0.00 | 0.00 | 137,487 | 430,761 |
| Finished Goods | -- | -- | 2.0M | 2.0M | 480,946 |
| Line Of Credit | 24.5M | 24.6M | 22.0M | 19.7M | 6.9M |
| Long Term Provisions | 35.7M | 35.3M | 34.9M | 34.5M | 10.3M |
| Non Current Accrued Expenses | 367,653 | 367,653 | 367,656 | 367,653 | 302,696 |
| Non Current Deferred Assets | -- | -- | -- | -- | 1.8M |
| Non Current Deferred Liabilities | 19.1M | 23.0M | 26.4M | 29.5M | 0.00 |
| Non Current Deferred Taxes Assets | -- | -- | -- | -- | 1.8M |
| Non Current Deferred Taxes Liabilities | 19.1M | 23.0M | 26.4M | 29.5M | 0.00 |
| Non Current Prepaid Assets | 10.0M | 643,998 | -- | -- | -- |
| Other Current Borrowings | 8.6M | 13.0M | 19.0M | 16.8M | 22.1M |
| Other Inventories | 2.7M | 2.5M | -- | -- | -- |
| Other Payable | 3.7M | 4.7M | 3.1M | 2.8M | 664,944 |
| Other Properties | 284.6M | 284.5M | 283.1M | 279.9M | 144.2M |
| Other Receivables | 446,287 | 11,407 | 216,389 | 493,963 | 215,206 |
| Raw Materials | 5.7M | 5.7M | 5.8M | 5.6M | -- |
| Receivables Adjustments Allowances | -225,599 | -225,625 | -225,648 | -225,657 | -234,990 |
| Taxes Receivable | 1.8M | 2.0M | 2.0M | 2.2M | 437,881 |
| Tradeand Other Payables Non Current | 40.0M | 40.9M | 42.1M | 58.3M | 1.2M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | -3.6M | 5.6M | 3.1M | -1.5M | -1.8M |
| Cash Flow From Continuing Operating Activities | -3.6M | 5.6M | 3.1M | -1.5M | -1.8M |
| Depreciation Amortization Depletion | 4.1M | 3.9M | 3.9M | 2.9M | 1.6M |
| Stock Based Compensation | -- | -- | -- | 0.00 | 0.00 |
| Deferred Tax | -3.9M | -3.4M | -3.2M | 74,259 | -1.4M |
| Deferred Income Tax | -3.9M | -3.4M | -3.2M | 74,259 | -1.4M |
| Change In Working Capital | -87,153 | 10.6M | 3.5M | -2.5M | -592,452 |
| Other Non Cash Items | 3.4M | 2.6M | -12.1M | 1.7M | 879,935 |
| Capital Expenditure | -107,239 | -1.4M | -3.2M | -209,498 | -665,148 |
| Purchase Of Business | -9.4M | -643,998 | 0.00 | -23.9M | -293,000 |
| Sale Of Business | -- | -- | -- | 0.00 | 0.00 |
| Purchase Of Investment | -159,376 | -- | -- | -- | 0.00 |
| Sale Of Investment | 0.00 | 0.00 | 0.00 | -- | 0.00 |
| Net Investment Purchase And Sale | -159,376 | -1.2M | 0.00 | 0.00 | 0.00 |
| Investing Cash Flow | -11.7M | -1.5M | -1.9M | -22.0M | -1.8M |
| Cash Flow From Continuing Investing Activities | -11.7M | -1.5M | -1.9M | -22.0M | -1.8M |
| Issuance Of Debt | 43.6M | 13.1M | 7.1M | 35.6M | 9.6M |
| Repayment Of Debt | -23.2M | -14.5M | -10.1M | -6.8M | -5.8M |
| Net Issuance Payments Of Debt | 20.4M | -1.4M | -3.1M | 28.8M | 3.8M |
| Financing Cash Flow | 18.0M | -3.8M | -5.2M | 27.7M | 3.1M |
| Cash Flow From Continuing Financing Activities | 18.0M | -3.8M | -5.2M | 27.7M | 3.1M |
| Effect Of Exchange Rate Changes | -479,143 | -436,658 | -170,929 | -9,161 | -9,017 |
| Changes In Cash | 2.8M | 299,083 | -3.9M | 4.1M | -413,427 |
| Beginning Cash Position | 137,257 | 274,832 | 4.4M | 283,740 | 706,184 |
| End Cash Position | 2.5M | 137,257 | 274,832 | 4.4M | 283,740 |
| Free Cash Flow | -3.7M | 4.2M | -27,999 | -1.7M | -2.5M |
| Capital Expenditure Reported | -- | -- | -3.2M | -- | -- |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Paid Cff | -1.7M | -2.8M | -1.7M | -1.1M | -693,689 |
| Long Term Debt Issuance | -- | -- | -- | 21.7M | -- |
| Long Term Debt Payments | -5.7M | -5.8M | -5.8M | -5.6M | -2.2M |
| Net Business Purchase And Sale | -9.4M | -643,998 | 0.00 | -23.9M | -293,000 |
| Net Foreign Currency Exchange Gain Loss | -2.2M | -2.5M | -456,952 | -546,253 | -146,998 |
| Net Income From Continuing Operations | -4.8M | -5.7M | 11.5M | -3.1M | -2.1M |
| Net Long Term Debt Issuance | 19.0M | -5.8M | -5.8M | 16.1M | 4.8M |
| Net Other Financing Charges | -581,123 | 425,908 | -386,200 | 25,382 | 2,144 |
| Net Other Investing Changes | -2.0M | 1.8M | 1.3M | 2.0M | -802,624 |
| Net Short Term Debt Issuance | 1.4M | 4.4M | 2.7M | 12.7M | -1.0M |
| Operating Gains Losses | -2.2M | -2.5M | -456,952 | -546,253 | -146,998 |
| Short Term Debt Issuance | 18.9M | 13.1M | 7.1M | 13.9M | 2.5M |
| Short Term Debt Payments | -17.5M | -8.7M | -4.4M | -1.2M | -3.5M |