Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Mar 31, 2025 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 6.5M | 8.5M | 30.5M | 49.0M |
| Operating Revenue | 6.5M | 8.5M | 30.5M | 49.0M |
| Cost Of Revenue | 3.4M | 7.8M | 20.3M | 28.0M |
| Gross Profit | 3.1M | 675,961 | 10.2M | 21.0M |
| Selling General And Administration | 3.9M | 8.3M | 9.0M | 8.4M |
| General And Administrative Expense | 3.9M | 8.3M | 9.0M | 8.4M |
| Depreciation And Amortization In Income Statement | 1.4M | 3.1M | 2.8M | 1.5M |
| Other Operating Expenses | 152,760 | 630,937 | 772,356 | 105,525 |
| Operating Expense | 5.4M | 12.1M | 12.6M | 10.0M |
| Operating Income | -2.3M | -11.4M | -2.4M | 11.0M |
| EBIT | -2.6M | -13.5M | -16.3M | 11.8M |
| Interest Expense | 259,888 | 87,770 | 18,423 | 2,558 |
| Interest Expense Non Operating | 259,888 | 87,770 | 18,423 | 2,558 |
| Interest Income | 6,058 | 757,280 | 102,123 | 0.00 |
| Interest Income Non Operating | 6,058 | 757,280 | 102,123 | 0.00 |
| Net Interest Income | -253,830 | 669,510 | 83,700 | -2,558 |
| Other Income Expense | -313,990 | -2.8M | -14.0M | 767,121 |
| Special Income Charges | 183,419 | -2.6M | -11.5M | -448,186 |
| Restructuring And Mergern Acquisition | -- | 0.00 | 5.1M | 0.00 |
| Write Off | 251,800 | 668,389 | 0.00 | -- |
| Gain On Sale Of Security | -497,409 | -206,853 | -2.5M | -11.4M |
| Earnings From Equity Interest | -- | -- | 0.00 | 12.6M |
| Pretax Income | -2.9M | -13.6M | -16.3M | 11.8M |
| Tax Provision | -1.9M | 0.00 | 988,592 | 2.7M |
| Tax Effect Of Unusual Items | -47,098 | 0.00 | -3.7M | -2.7M |
| Net Income From Continuing And Discontinued Operation | -3.1M | -13.6M | -17.3M | 9.1M |
| Net Income From Continuing Operation Net Minority Interest | -918,266 | -13.6M | -17.3M | 9.1M |
| Net Income Including Noncontrolling Interests | -3.1M | -13.6M | -17.3M | 9.1M |
| Net Income Common Stockholders | -3.1M | -13.6M | -17.3M | 9.1M |
| Net Income | -3.1M | -13.6M | -17.3M | 9.1M |
| EBITDA | -1.2M | -10.3M | -13.5M | 13.3M |
| Normalized EBITDA | -929,717 | -7.5M | 493,045 | 25.1M |
| Reconciled Depreciation | 1.4M | 3.2M | 2.8M | 1.5M |
| Basic EPS | -0.16 | -0.90 | -1.20 | 0.84 |
| Diluted EPS | -0.16 | -0.90 | -1.20 | 0.84 |
| Basic Average Shares | 19.2M | 13.3M | 12.9M | 10.8M |
| Diluted Average Shares | 19.2M | 13.3M | 12.9M | 10.8M |
| Total Unusual Items | -313,990 | -2.8M | -14.0M | -11.9M |
| Total Unusual Items Excluding Goodwill | -313,990 | -2.8M | -14.0M | -11.9M |
| Tax Rate For Calcs | 0.15 | 0.00 | 0.26 | 0.23 |
| Normalized Income | -651,374 | -10.7M | -7.0M | 18.3M |
| Depreciation Amortization Depletion Income Statement | 1.4M | 3.1M | 2.8M | 1.5M |
| Diluted NI Availto Com Stockholders | -3.1M | -13.6M | -17.3M | 9.1M |
| Gain On Sale Of Business | 0.00 | -2.0M | 0.00 | -52,088 |
| Gain On Sale Of Ppe | 17,431 | -- | 0.00 | -131,036 |
| Impairment Of Capital Assets | 2.1M | 0.00 | 6.7M | 0.00 |
| Net Income Continuous Operations | -918,266 | -13.6M | -17.3M | 9.1M |
| Net Income Discontinuous Operations | -2.1M | -- | -- | -- |
| Net Non Operating Interest Income Expense | -253,830 | 669,510 | 83,700 | -2,558 |
| Other Gand A | 2.1M | 3.9M | 5.1M | 2.4M |
| Other Special Charges | -2.5M | -- | -321,168 | 265,062 |
| Reconciled Cost Of Revenue | 3.4M | 7.8M | 20.3M | 28.0M |
| Salaries And Wages | 1.7M | 4.4M | 3.9M | 6.0M |
| Total Expenses | 8.8M | 19.9M | 32.9M | 38.0M |
| Line Item | FY 2025Mar 31, 2025 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 368,107 | 343,945 | 8.9M | 15.4M |
| Cash Cash Equivalents And Short Term Investments | 427,106 | 599,521 | 9.4M | 18.0M |
| Other Short Term Investments | 58,999 | 255,576 | 478,343 | 2.6M |
| Accounts Receivable | 1.7M | 4.0M | 2.7M | 5.7M |
| Receivables | 2.6M | 4.0M | 3.4M | 5.7M |
| Inventory | 0.00 | 286,781 | 0.00 | -- |
| Prepaid Assets | -- | 0.00 | 2.5M | 125,670 |
| Other Current Assets | 208,015 | 393,694 | 269,507 | -- |
| Current Assets | 3.2M | 5.3M | 15.6M | 23.8M |
| Gross PPE | 5.2M | 6.7M | 7.0M | 491,825 |
| Accumulated Depreciation | -3.4M | -1.0M | -342,009 | -193,071 |
| Net PPE | 1.8M | 5.7M | 6.7M | 298,754 |
| Goodwill | 0.00 | 5.4M | 3.0M | 3.0M |
| Goodwill And Other Intangible Assets | 0.00 | 12.8M | 13.7M | 18.6M |
| Other Intangible Assets | -- | 7.3M | 10.7M | 15.6M |
| Investments And Advances | -- | -- | -- | 0.00 |
| Long Term Equity Investment | -- | -- | -- | 0.00 |
| Total Non Current Assets | 1.8M | 18.5M | 20.4M | 18.9M |
| Total Assets | 5.0M | 23.7M | 36.0M | 42.6M |
| Current Debt | 682,912 | 520,391 | 520,189 | 30,000 |
| Current Debt And Capital Lease Obligation | 799,315 | 942,153 | 970,629 | 134,193 |
| Accounts Payable | 1.3M | 3.0M | 2.1M | 4.7M |
| Payables | 2.5M | 7.4M | 6.5M | 7.4M |
| Payables And Accrued Expenses | 2.5M | 7.4M | 6.5M | 7.4M |
| Current Deferred Revenue | -- | 28,980 | 28,980 | 28,980 |
| Current Liabilities | 3.3M | 10.2M | 9.4M | 9.4M |
| Long Term Debt | -- | -- | 225,084 | -- |
| Long Term Debt And Capital Lease Obligation | 1.0M | 2.9M | 3.6M | 119,579 |
| Long Term Capital Lease Obligation | 1.0M | 2.9M | 3.3M | 119,579 |
| Total Non Current Liabilities Net Minority Interest | 1.0M | 3.2M | 3.8M | 714,557 |
| Total Liabilities Net Minority Interest | 4.3M | 13.4M | 13.2M | 10.2M |
| Common Stock | 59.2M | 55.9M | 55.5M | 47.8M |
| Capital Stock | 59.2M | 55.9M | 55.5M | 47.8M |
| Retained Earnings | -68.1M | -54.4M | -40.8M | -23.6M |
| Gains Losses Not Affecting Retained Earnings | 9.6M | 8.9M | 8.1M | 8.3M |
| Other Equity Adjustments | 9.6M | 8.9M | 8.1M | 8.3M |
| Common Stock Equity | 656,401 | 10.3M | 22.8M | 32.5M |
| Stockholders Equity | 656,401 | 10.3M | 22.8M | 32.5M |
| Total Equity Gross Minority Interest | 656,401 | 10.3M | 22.8M | 32.5M |
| Total Capitalization | 656,401 | 10.3M | 23.0M | 32.5M |
| Net Tangible Assets | 656,401 | -2.5M | 9.1M | 13.9M |
| Tangible Book Value | 656,401 | -2.5M | 9.1M | 13.9M |
| Working Capital | -92,907 | -5.0M | 6.2M | 14.3M |
| Invested Capital | 1.3M | 10.8M | 23.5M | 32.5M |
| Total Debt | 1.8M | 3.9M | 4.5M | 253,772 |
| Net Debt | 314,805 | 176,446 | -- | -- |
| Share Issued | 21.4M | 13.6M | 13.7M | 11.8M |
| Ordinary Shares Number | 21.4M | 13.6M | 13.7M | 11.8M |
| Allowance For Doubtful Accounts Receivable | -125,474 | -- | -- | -- |
| Buildings And Improvements | -- | 3.3M | 3.8M | 227,289 |
| Capital Lease Obligations | 1.2M | 3.3M | 3.8M | 223,772 |
| Current Capital Lease Obligation | 116,403 | 421,762 | 450,440 | 104,193 |
| Current Deferred Liabilities | -- | 28,980 | 28,980 | 28,980 |
| Current Provisions | -- | 1.9M | 1.9M | 1.9M |
| Finished Goods | 0.00 | -- | -- | -- |
| Foreign Currency Translation Adjustments | -77,288 | 12,290 | -23,252 | -1,745 |
| Gross Accounts Receivable | 1.8M | -- | 2.7M | -- |
| Income Tax Payable | 1.2M | 4.4M | 4.4M | 2.7M |
| Leases | 2.0M | 467,938 | 350,000 | 0.00 |
| Loans Receivable | -- | -- | 10,000 | -- |
| Machinery Furniture Equipment | 3.2M | 2.9M | 2.9M | 264,536 |
| Non Current Deferred Liabilities | 0.00 | 272,869 | 272,869 | 594,978 |
| Non Current Deferred Taxes Liabilities | 0.00 | 272,869 | 272,869 | 594,978 |
| Other Current Borrowings | 682,912 | 520,391 | 520,189 | 30,000 |
| Other Receivables | -- | -- | 488,165 | -- |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Taxes Receivable | 872,005 | -- | 251,592 | -- |
| Total Tax Payable | 1.2M | 4.4M | 4.4M | 2.7M |
| Line Item | FY 2025Mar 31, 2025 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -1.2M | -5.8M | -249,093 | 11.5M |
| Cash Flow From Continuing Operating Activities | -1.2M | -5.8M | -249,093 | 11.5M |
| Depreciation And Amortization | 1.4M | 3.2M | 2.8M | 1.5M |
| Depreciation Amortization Depletion | 1.4M | 3.2M | 2.8M | 1.5M |
| Stock Based Compensation | 347,003 | 1.2M | 0.00 | 1.7M |
| Deferred Tax | -252,682 | 0.00 | -322,109 | -23,529 |
| Deferred Income Tax | -252,682 | 0.00 | -322,109 | -23,529 |
| Change In Working Capital | -2.3M | 550,386 | 592,231 | -54,629 |
| Change In Receivables | -720,562 | 256,502 | 2.3M | -3.9M |
| Change In Inventory | 0.00 | -127,733 | 0.00 | -- |
| Change In Payables And Accrued Expense | -1.5M | 719,756 | -1.5M | 3.8M |
| Change In Payable | -1.5M | 719,756 | -1.5M | 3.8M |
| Change In Other Working Capital | -- | -- | -- | -5,417 |
| Other Non Cash Items | -2.2M | 87,953 | 5.1M | 912.00 |
| Capital Expenditure | -344,912 | -2.0M | -2.0M | -30,814 |
| Purchase Of PPE | -344,912 | -2.0M | -2.0M | -30,814 |
| Net PPE Purchase And Sale | -327,481 | -2.0M | -2.0M | -30,814 |
| Purchase Of Business | -- | -41,240 | -1.4M | -117,825 |
| Sale Of Business | 150,000 | 101,671 | 0.00 | -- |
| Purchase Of Investment | -- | 0.00 | -430,000 | 0.00 |
| Sale Of Investment | 236,577 | 4,237 | 79,100 | 0.00 |
| Net Investment Purchase And Sale | 236,577 | 4,237 | -350,900 | 0.00 |
| Investing Cash Flow | 59,096 | -1.9M | -3.8M | -234,409 |
| Cash Flow From Continuing Investing Activities | 59,096 | -1.9M | -3.8M | -234,409 |
| Issuance Of Debt | 1.0M | -- | -- | -- |
| Repayment Of Debt | -1.3M | -757,323 | -229,260 | -43,549 |
| Net Issuance Payments Of Debt | -299,864 | -757,323 | -229,260 | -794,176 |
| Issuance Of Capital Stock | 1.5M | -- | 0.00 | -- |
| Repurchase Of Capital Stock | 0.00 | -1.2M | -2.4M | 0.00 |
| Net Common Stock Issuance | 1.5M | -1.2M | -2.4M | 0.00 |
| Common Stock Payments | 0.00 | -1.2M | -2.4M | 0.00 |
| Financing Cash Flow | 1.2M | -878,000 | -2.4M | 2.2M |
| Cash Flow From Continuing Financing Activities | 1.2M | -878,000 | -2.4M | 2.2M |
| Effect Of Exchange Rate Changes | -22,608 | 37,832 | -21,528 | 17,148 |
| Changes In Cash | 49,473 | -8.6M | -6.4M | 13.4M |
| Beginning Cash Position | 341,242 | 8.9M | 15.4M | 2.0M |
| End Cash Position | 368,107 | 343,945 | 8.9M | 15.4M |
| Free Cash Flow | -1.6M | -7.8M | -2.3M | 11.4M |
| Income Tax Paid Supplemental Data | 0.00 | 0.00 | 68,898 | 0.00 |
| Interest Paid Supplemental Data | 14,338 | 0.00 | 0.00 | 1,650 |
| Amortization Cash Flow | 115,280 | 2.0M | 2.4M | 1.4M |
| Amortization Of Intangibles | 115,280 | 2.0M | 2.4M | 1.4M |
| Asset Impairment Charge | 2.3M | 531,665 | 6.7M | 0.00 |
| Cash From Discontinued Financing Activities | -7,218 | -- | -- | -- |
| Cash From Discontinued Operating Activities | 13,904 | -- | -- | -- |
| Change In Account Payable | 222,320 | 719,756 | -3.2M | 1.1M |
| Change In Income Tax Payable | -1.7M | 0.00 | 1.7M | 2.7M |
| Change In Prepaid Assets | -157,846 | -298,139 | -143,837 | 108,668 |
| Change In Tax Payable | -1.7M | 0.00 | 1.7M | 2.7M |
| Common Stock Issuance | 1.5M | -- | 0.00 | -- |
| Depreciation | 1.2M | 1.2M | 375,411 | 91,972 |
| Earnings Losses From Equity Investments | -- | -- | 0.00 | 65,230 |
| Gain Loss On Investment Securities | 306,573 | 64,884 | 940.00 | -- |
| Gain Loss On Sale Of Business | 0.00 | 2.0M | -321,168 | 396,098 |
| Gain Loss On Sale Of PPE | -17,431 | -- | -- | 0.00 |
| Long Term Debt Payments | -680,810 | -460,656 | -229,260 | -43,549 |
| Net Business Purchase And Sale | 150,000 | 60,431 | -1.4M | -117,825 |
| Net Income From Continuing Operations | -918,266 | -13.6M | -17.3M | 9.1M |
| Net Long Term Debt Issuance | -680,810 | -460,656 | -229,260 | -794,176 |
| Net Other Investing Changes | -- | -- | -- | -85,770 |
| Net Short Term Debt Issuance | 380,946 | -296,667 | -- | -- |
| Operating Gains Losses | 289,142 | 2.0M | -320,228 | 461,328 |
| Proceeds From Stock Option Exercised | 0.00 | 1.1M | 195,000 | 3.0M |
| Sale Of PPE | 17,431 | -- | -- | 0.00 |
| Short Term Debt Issuance | 1.0M | -- | -- | -- |
| Short Term Debt Payments | -640,930 | -296,667 | -- | -- |
| Unrealized Gain Loss On Investment Securities | 190,849 | 153,646 | 2.5M | -1.2M |