Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Operating Revenue | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Cost Of Revenue | 652,000 | 406,000 | 331,000 | 105,000 | -- |
| Gross Profit | -652,000 | -406,000 | -331,000 | -105,000 | -- |
| Selling General And Administration | 8.2M | 8.7M | 10.3M | 7.0M | -- |
| General And Administrative Expense | 8.2M | 8.7M | 10.3M | 7.0M | -- |
| Depreciation And Amortization In Income Statement | -- | -- | 331,000 | 105,000 | 85,000 |
| Other Operating Expenses | 12.5M | 16.3M | 14.2M | 4.3M | -- |
| Operating Expense | 20.7M | 25.0M | 24.5M | 11.3M | -- |
| Operating Income | -21.3M | -25.4M | -24.8M | -11.4M | -- |
| EBIT | -20.4M | -24.5M | -24.2M | -11.3M | -- |
| Interest Expense | 135,000 | 19,000 | 35,000 | 3,000 | -- |
| Interest Expense Non Operating | 135,000 | 19,000 | 35,000 | 3,000 | -- |
| Interest Income | 1.0M | 918,000 | 622,000 | 0.00 | -- |
| Interest Income Non Operating | 1.0M | 918,000 | 622,000 | 0.00 | -- |
| Net Interest Income | 903,000 | 899,000 | 587,000 | -3,000 | -- |
| Other Income Expense | -51,000 | 7,000 | -4,000 | 45,000 | -- |
| Gain On Sale Of Security | -51,000 | 7,000 | -4,000 | 45,000 | -- |
| Pretax Income | -20.5M | -24.5M | -24.2M | -11.3M | -- |
| Tax Provision | 34,000 | 0.00 | 0.00 | -385,000 | -- |
| Tax Effect Of Unusual Items | -7,650 | 0.00 | 0.00 | 1,528 | -- |
| Net Income From Continuing And Discontinued Operation | -19.0M | -24.5M | -24.2M | -11.0M | -- |
| Net Income From Continuing Operation Net Minority Interest | -19.0M | -24.5M | -24.2M | -11.0M | -- |
| Net Income Including Noncontrolling Interests | -20.5M | -24.5M | -24.2M | -11.0M | -- |
| Minority Interests | 1.6M | 0.00 | -- | -- | -- |
| Net Income Common Stockholders | -19.0M | -24.5M | -24.2M | -11.0M | -- |
| Net Income | -19.0M | -24.5M | -24.2M | -11.0M | -- |
| EBITDA | -19.7M | -24.1M | -23.9M | -11.2M | -- |
| Normalized EBITDA | -19.6M | -24.1M | -23.9M | -11.3M | -- |
| Reconciled Depreciation | 652,000 | 406,000 | 331,000 | 105,000 | -- |
| Basic EPS | -0.08 | -0.11 | -0.11 | -0.06 | -- |
| Diluted EPS | -0.08 | -0.11 | -0.11 | -0.06 | -- |
| Basic Average Shares | 227.7M | 227.6M | 217.2M | 198.0M | -- |
| Diluted Average Shares | 227.7M | 227.6M | 217.2M | 198.0M | -- |
| Total Unusual Items | -51,000 | 7,000 | -4,000 | 45,000 | -- |
| Total Unusual Items Excluding Goodwill | -51,000 | 7,000 | -4,000 | 45,000 | -- |
| Tax Rate For Calcs | 0.15 | 0.00 | 0.00 | 0.03 | -- |
| Normalized Income | -18.9M | -24.5M | -24.2M | -11.0M | -- |
| Amortization | -- | -- | -- | -- | 7,305 |
| Amortization Of Intangibles Income Statement | -- | -- | -- | -- | 7,305 |
| Depreciation Amortization Depletion Income Statement | -- | -- | 331,000 | 105,000 | 85,000 |
| Depreciation Income Statement | -- | -- | 331,000 | 105,000 | 85,000 |
| Diluted NI Availto Com Stockholders | -19.0M | -24.5M | -24.2M | -11.0M | -- |
| Insurance And Claims | -- | -- | -- | -- | 22,840 |
| Net Income Continuous Operations | -20.5M | -24.5M | -24.2M | -11.0M | -- |
| Net Non Operating Interest Income Expense | 903,000 | 899,000 | 587,000 | -3,000 | -- |
| Other Gand A | 5.7M | 2.0M | 1.4M | 872,000 | -- |
| Reconciled Cost Of Revenue | 652,000 | 406,000 | 331,000 | 105,000 | -- |
| Salaries And Wages | 2.5M | 6.8M | 8.9M | 6.1M | -- |
| Total Expenses | 21.3M | 25.4M | 24.8M | 11.4M | -- |
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 17.4M | 12.1M | 27.4M | 17.7M | -- |
| Cash Cash Equivalents And Short Term Investments | 17.4M | 12.1M | 27.4M | 17.7M | -- |
| Cash Equivalents | 6.6M | 11.3M | 26.5M | 0.00 | -- |
| Cash Financial | 10.7M | 771,000 | 871,000 | 17.7M | -- |
| Other Short Term Investments | -- | -- | 0.00 | 9,000 | 10,000 |
| Accounts Receivable | -- | -- | 661,000 | 911,000 | 455,000 |
| Receivables | 1.5M | 1.1M | 1.3M | 1.1M | -- |
| Prepaid Assets | 0.00 | 250,000 | 500,000 | 0.00 | -- |
| Current Assets | 19.4M | 13.9M | 29.1M | 18.8M | -- |
| Gross PPE | 15.2M | 8.9M | 6.7M | 6.3M | -- |
| Accumulated Depreciation | -1.6M | -1.0M | -625,000 | -488,000 | -- |
| Net PPE | 13.5M | 7.8M | 6.1M | 5.8M | -- |
| Total Non Current Assets | 13.5M | 7.8M | 6.1M | 5.8M | -- |
| Total Assets | 32.9M | 21.7M | 35.2M | 24.6M | -- |
| Current Debt And Capital Lease Obligation | 146,000 | 58,000 | 54,000 | 80,000 | -- |
| Accounts Payable | 8.1M | 7.5M | -- | -- | -- |
| Payables | 8.1M | 7.5M | -- | -- | -- |
| Payables And Accrued Expenses | 8.1M | 7.5M | 1.8M | 1.2M | -- |
| Other Current Liabilities | 23.5M | -- | -- | -- | -- |
| Current Liabilities | 31.7M | 7.5M | 1.9M | 1.3M | -- |
| Long Term Debt | 3.4M | -- | -- | -- | 40,000 |
| Long Term Debt And Capital Lease Obligation | 5.4M | 8,000 | 66,000 | 28,000 | -- |
| Long Term Capital Lease Obligation | 2.0M | 8,000 | 66,000 | 28,000 | -- |
| Total Non Current Liabilities Net Minority Interest | 5.4M | 8,000 | 66,000 | 28,000 | -- |
| Total Liabilities Net Minority Interest | 37.1M | 7.6M | 2.0M | 1.3M | -- |
| Common Stock | 87.5M | 87.3M | 86.0M | 60.7M | -- |
| Capital Stock | 87.5M | 87.3M | 86.0M | 60.7M | -- |
| Additional Paid In Capital | 32.8M | 32.3M | 28.2M | 19.4M | -- |
| Retained Earnings | -124.4M | -105.5M | -81.0M | -56.7M | -- |
| Gains Losses Not Affecting Retained Earnings | -943,000 | 0.00 | -- | -- | -- |
| Other Equity Adjustments | -943,000 | -- | -- | -- | -- |
| Common Stock Equity | -5.1M | 14.2M | 33.2M | 23.3M | -- |
| Stockholders Equity | -5.1M | 14.2M | 33.2M | 23.3M | -- |
| Total Equity Gross Minority Interest | -4.2M | 14.2M | 33.2M | 23.3M | -- |
| Minority Interest | 904,000 | 0.00 | -- | -- | -- |
| Total Capitalization | -1.7M | 14.2M | 33.2M | 23.3M | -- |
| Net Tangible Assets | -5.1M | 14.2M | 33.2M | 23.3M | -- |
| Tangible Book Value | -5.1M | 14.2M | 33.2M | 23.3M | -- |
| Working Capital | -12.3M | 6.3M | 27.2M | 17.6M | -- |
| Invested Capital | -1.7M | 14.2M | 33.2M | 23.3M | -- |
| Total Debt | 5.5M | 66,000 | 120,000 | 108,000 | -- |
| Share Issued | 228.0M | 227.6M | 226.9M | 208.7M | -- |
| Ordinary Shares Number | 228.0M | 227.6M | 226.9M | 208.7M | -- |
| Buildings And Improvements | 3.4M | 3.2M | 980,000 | 704,000 | -- |
| Capital Lease Obligations | 2.1M | 66,000 | 120,000 | 108,000 | -- |
| Current Capital Lease Obligation | 146,000 | 58,000 | 54,000 | 80,000 | -- |
| Current Deferred Liabilities | -- | -- | -- | 0.00 | 60,000 |
| Income Tax Payable | 34,000 | -- | -- | -- | -- |
| Land And Improvements | 3.9M | 0.00 | -- | -- | -- |
| Machinery Furniture Equipment | -- | -- | -- | -- | 393,564 |
| Other Properties | 2.4M | 289,000 | 289,000 | 145,000 | -- |
| Other Receivables | 134,000 | 273,000 | 661,000 | 238,000 | -- |
| Restricted Cash | 522,000 | 503,000 | 0.00 | -- | 37,593 |
| Taxes Receivable | 1.4M | 777,000 | 595,000 | 238,000 | -- |
| Total Tax Payable | 34,000 | -- | -- | -- | -- |
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | -19.0M | -14.3M | -17.3M | -7.3M | -- |
| Cash Flow From Continuing Operating Activities | -19.0M | -14.3M | -17.3M | -7.3M | -- |
| Depreciation And Amortization | 652,000 | 406,000 | 331,000 | 105,000 | -- |
| Depreciation Amortization Depletion | 652,000 | 406,000 | 331,000 | 105,000 | -- |
| Stock Based Compensation | 562,000 | 4.5M | 6.6M | 4.5M | -- |
| Deferred Tax | 34,000 | 0.00 | 0.00 | -385,000 | -- |
| Deferred Income Tax | 34,000 | 0.00 | 0.00 | -385,000 | -- |
| Change In Working Capital | 165,000 | 5.7M | 28,000 | -614,000 | -- |
| Changes In Account Receivables | -460,000 | 262,000 | -607,000 | -568,000 | -- |
| Change In Receivables | -460,000 | 262,000 | -607,000 | -568,000 | -- |
| Change In Payables And Accrued Expense | 625,000 | 5.4M | 635,000 | -46,000 | -- |
| Other Non Cash Items | 133,000 | -287,000 | 35,000 | 3,000 | -- |
| Capital Expenditure | -3.9M | -1.4M | -476,000 | -4.1M | -- |
| Purchase Of PPE | -3.9M | -1.4M | -476,000 | -4.1M | -- |
| Net PPE Purchase And Sale | -3.9M | -1.4M | -476,000 | -4.1M | -- |
| Sale Of Investment | -- | -- | 111,000 | -- | 0.00 |
| Net Investment Purchase And Sale | -- | -- | 111,000 | -- | 0.00 |
| Investing Cash Flow | -3.9M | -1.4M | -365,000 | -4.1M | -- |
| Cash Flow From Continuing Investing Activities | -3.9M | -1.4M | -365,000 | -4.1M | -- |
| Issuance Of Debt | 3.4M | 0.00 | -- | -- | 40,000 |
| Repayment Of Debt | -243,000 | -73,000 | -181,000 | -71,000 | -- |
| Net Issuance Payments Of Debt | 3.1M | -73,000 | -181,000 | -71,000 | -- |
| Issuance Of Capital Stock | -- | 0.00 | 17.8M | 14.4M | 10.7M |
| Net Common Stock Issuance | -- | 0.00 | 17.8M | 14.4M | 10.7M |
| Financing Cash Flow | 28.2M | 915,000 | 27.4M | 18.8M | -- |
| Cash Flow From Continuing Financing Activities | 28.2M | 915,000 | 27.4M | 18.8M | -- |
| Changes In Cash | 5.3M | -14.8M | 9.7M | 7.3M | -- |
| Beginning Cash Position | 12.6M | 27.4M | 17.7M | 10.3M | -- |
| End Cash Position | 17.9M | 12.6M | 27.4M | 17.7M | -- |
| Free Cash Flow | -22.9M | -15.7M | -17.8M | -11.5M | -- |
| Change In Prepaid Assets | -- | -- | -- | -- | -37,961 |
| Common Stock Issuance | -- | 0.00 | 17.8M | 14.4M | 10.7M |
| Depreciation | 652,000 | 406,000 | 331,000 | 105,000 | -- |
| Gain Loss On Sale Of PPE | -10,000 | 0.00 | -91,000 | 0.00 | -- |
| Long Term Debt Issuance | 3.4M | 0.00 | -- | -- | 40,000 |
| Long Term Debt Payments | -243,000 | -73,000 | -181,000 | -71,000 | -- |
| Net Foreign Currency Exchange Gain Loss | -51,000 | -7,000 | 0.00 | -- | -- |
| Net Income From Continuing Operations | -20.5M | -24.5M | -24.2M | -11.0M | -- |
| Net Long Term Debt Issuance | 3.1M | -73,000 | -181,000 | -71,000 | -- |
| Net Other Financing Charges | 25.0M | -- | -1.7M | -1.2M | -374,000 |
| Net Other Investing Changes | 20,000 | -- | 111,000 | -- | 158,639 |
| Operating Gains Losses | -61,000 | -7,000 | -91,000 | -- | -- |
| Proceeds From Stock Option Exercised | 120,000 | 988,000 | 11.5M | 5.7M | -- |
| Unrealized Gain Loss On Investment Securities | -- | 0.00 | 9,000 | 1,000 | -7,000 |