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 | 30.4M | 0.00 | 0.00 | 0.00 |
| Operating Revenue | 30.4M | 0.00 | 0.00 | 0.00 |
| Cost Of Revenue | 25.0M | 0.00 | 968,645 | 927,957 |
| Gross Profit | 5.4M | 0.00 | -968,645 | -927,957 |
| Selling General And Administration | 6.0M | 5.4M | 4.5M | 4.7M |
| General And Administrative Expense | 5.5M | 5.0M | 4.5M | 4.7M |
| Research And Development | -- | 401,565 | 286,777 | 303,034 |
| Depreciation And Amortization In Income Statement | 898,000 | 1.0M | -- | -- |
| Other Operating Expenses | 15.8M | 23.0M | 14.5M | 26.6M |
| Operating Expense | 22.8M | 29.5M | 19.3M | 31.6M |
| Operating Income | -17.4M | -29.5M | -20.2M | -32.5M |
| EBIT | -6.6M | -27.3M | -19.2M | -32.8M |
| Interest Expense | 2.2M | 1.7M | 644,518 | 113,755 |
| Interest Expense Non Operating | 2.2M | 1.7M | 644,518 | 113,755 |
| Interest Income | 669,000 | 838,000 | 275,556 | 47,349 |
| Interest Income Non Operating | 669,000 | 838,000 | 275,556 | 47,349 |
| Net Interest Income | -1.5M | -844,000 | -368,962 | -66,406 |
| Other Income Expense | 10.1M | 1.3M | 788,447 | -376,449 |
| Other Non Operating Income Expenses | 110,000 | 120,000 | 111,046 | 71,797 |
| Special Income Charges | 11.9M | -98,000 | 56,190 | 6,800 |
| Restructuring And Mergern Acquisition | -10.3M | 0.00 | -- | -- |
| Gain On Sale Of Security | -1.9M | 1.3M | 621,211 | -455,046 |
| Pretax Income | -8.8M | -29.0M | -19.8M | -32.9M |
| Tax Provision | 736,000 | 0.00 | -- | -- |
| Tax Effect Of Unusual Items | 1.5M | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -9.5M | -29.0M | -19.8M | -32.9M |
| Net Income From Continuing Operation Net Minority Interest | -9.5M | -29.0M | -19.8M | -32.9M |
| Net Income Including Noncontrolling Interests | -9.5M | -29.0M | -19.8M | -32.9M |
| Net Income Common Stockholders | -9.5M | -29.0M | -19.8M | -32.9M |
| Net Income | -9.5M | -29.0M | -19.8M | -32.9M |
| EBITDA | -3.8M | -26.3M | -18.2M | -31.9M |
| Normalized EBITDA | -13.8M | -27.5M | -18.9M | -31.4M |
| Reconciled Depreciation | 2.8M | 1.0M | 968,645 | 927,957 |
| Basic EPS | -0.10 | -0.52 | -0.71 | -1.45 |
| Diluted EPS | -0.10 | -0.52 | -0.71 | -1.45 |
| Basic Average Shares | 96.5M | 56.4M | 27.8M | 22.8M |
| Diluted Average Shares | 96.5M | 56.4M | 27.8M | 22.8M |
| Total Unusual Items | 10.0M | 1.2M | 677,401 | -448,246 |
| Total Unusual Items Excluding Goodwill | 10.0M | 1.2M | 677,401 | -448,246 |
| Tax Rate For Calcs | 0.15 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -18.0M | -30.2M | -20.5M | -32.5M |
| Depreciation Amortization Depletion Income Statement | 898,000 | 1.0M | -- | -- |
| Depreciation Income Statement | 898,000 | 1.0M | -- | -- |
| Diluted NI Availto Com Stockholders | -9.5M | -29.0M | -19.8M | -32.9M |
| Gain On Sale Of Ppe | 109,000 | 0.00 | 41,855 | 6,800 |
| Net Income Continuous Operations | -9.5M | -29.0M | -19.8M | -32.9M |
| Net Non Operating Interest Income Expense | -1.5M | -844,000 | -368,962 | -66,406 |
| Other Gand A | 1.5M | 1.5M | 1.0M | 943,683 |
| Other Special Charges | -1.5M | 98,000 | -14,335 | -- |
| Reconciled Cost Of Revenue | 23.1M | 0.00 | 968,645 | 927,957 |
| Salaries And Wages | 4.0M | 3.5M | 3.5M | 3.7M |
| Selling And Marketing Expense | 516,000 | 402,000 | -- | -- |
| Total Expenses | 47.7M | 29.5M | 20.2M | 32.5M |
| Total Operating Income As Reported | -15.7M | -28.4M | -19.2M | -31.7M |
| Total Other Finance Cost | -- | -- | 193,213 | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 52.2M | 8.8M | 15.9M | 14.3M |
| Cash Cash Equivalents And Short Term Investments | 52.6M | 8.8M | 15.9M | 14.3M |
| Cash Equivalents | -- | 6.1M | 13.3M | -- |
| Cash Financial | -- | 2.8M | 2.7M | -- |
| Other Short Term Investments | 363,000 | 0.00 | -- | -- |
| Accounts Receivable | -- | 153,512 | 98,138 | 37,202 |
| Receivables | 733,000 | 154,000 | 98,138 | 85,032 |
| Inventory | 58.0M | 0.00 | -- | -- |
| Prepaid Assets | 2.7M | 898,000 | 976,232 | 684,354 |
| Current Assets | 114.5M | 9.9M | 17.0M | 15.1M |
| Gross PPE | 109.6M | 73.9M | 45.3M | 60.8M |
| Accumulated Depreciation | -4.5M | -2.5M | -1.5M | -964,512 |
| Net PPE | 105.1M | 71.4M | 43.8M | 59.9M |
| Other Non Current Assets | 15.9M | 1.1M | 46,001 | 18,147 |
| Total Non Current Assets | 122.5M | 72.5M | 44.4M | 60.1M |
| Total Assets | 237.1M | 82.4M | 61.4M | 75.2M |
| Current Debt | 16.7M | 10.8M | 8.7M | 202,577 |
| Current Debt And Capital Lease Obligation | 21.9M | 11.1M | 8.9M | 663,267 |
| Accounts Payable | 9.5M | 2.4M | 2.1M | 1.5M |
| Payables | 19.3M | 3.6M | 2.7M | 2.2M |
| Payables And Accrued Expenses | 26.4M | 4.5M | 3.3M | 3.2M |
| Current Accrued Expenses | 7.1M | 889,000 | 580,485 | 955,431 |
| Other Current Liabilities | 182,000 | 616,000 | 1.6M | -- |
| Current Liabilities | 50.1M | 16.7M | 15.4M | 5.7M |
| Long Term Debt | -- | 42,000 | 178,062 | 394,960 |
| Long Term Debt And Capital Lease Obligation | 3.5M | 760,000 | 800,857 | 774,995 |
| Long Term Capital Lease Obligation | 3.5M | 718,000 | 622,795 | 380,035 |
| Total Non Current Liabilities Net Minority Interest | 56.4M | 25.2M | 24.7M | 40.4M |
| Total Liabilities Net Minority Interest | 106.5M | 41.9M | 40.1M | 46.1M |
| Common Stock | 257.5M | 176.9M | 125.1M | 122.0M |
| Capital Stock | 257.5M | 176.9M | 125.1M | 122.0M |
| Additional Paid In Capital | 9.9M | 8.9M | -- | -- |
| Retained Earnings | -158.6M | -149.1M | -120.1M | -100.3M |
| Gains Losses Not Affecting Retained Earnings | 21.8M | 3.8M | 16.3M | 7.3M |
| Other Equity Adjustments | 21.8M | 3.8M | 16.3M | 7.3M |
| Common Stock Equity | 130.6M | 40.5M | 21.3M | 29.1M |
| Stockholders Equity | 130.6M | 40.5M | 21.3M | 29.1M |
| Total Equity Gross Minority Interest | 130.6M | 40.5M | 21.3M | 29.1M |
| Total Capitalization | 130.6M | 40.6M | 21.5M | 29.5M |
| Net Tangible Assets | 130.6M | 40.5M | 21.3M | 29.1M |
| Tangible Book Value | 130.6M | 40.5M | 21.3M | 29.1M |
| Working Capital | 64.4M | -6.8M | 1.6M | 9.4M |
| Invested Capital | 147.3M | 51.3M | 30.2M | 29.7M |
| Total Debt | 25.4M | 11.9M | 9.7M | 1.4M |
| Net Debt | -- | 2.0M | -- | -- |
| Share Issued | 168.7M | 68.9M | 31.9M | 25.0M |
| Ordinary Shares Number | 168.7M | 68.9M | 31.9M | 25.0M |
| Buildings And Improvements | -- | 2.3M | 2.2M | 1.9M |
| Capital Lease Obligations | 8.7M | 1.1M | 854,321 | 840,725 |
| Current Capital Lease Obligation | 5.2M | 362,000 | 231,526 | 460,690 |
| Current Provisions | 1.6M | 1.1M | 1.6M | 1.9M |
| Dueto Related Parties Current | 674,000 | 1.2M | 636,555 | 693,344 |
| Finished Goods | 1.4M | 0.00 | -- | -- |
| Hedging Assets Current | 551,000 | 0.00 | -- | -- |
| Income Tax Payable | 6.5M | 0.00 | -- | -- |
| Loans Receivable | -- | -- | 0.00 | 47,830 |
| Long Term Provisions | 52.9M | 24.4M | 23.9M | 39.6M |
| Machinery Furniture Equipment | 47.7M | 5.5M | 689,601 | 795,448 |
| Non Current Accounts Receivable | -- | 164,338 | -- | -- |
| Non Current Deferred Assets | 1.6M | 0.00 | 502,686 | 0.00 |
| Non Current Deferred Taxes Assets | 1.6M | 0.00 | -- | -- |
| Non Current Note Receivables | -- | -- | 0.00 | 119,608 |
| Non Current Prepaid Assets | -- | 73,439 | 37,228 | 33,294 |
| Other Current Borrowings | 16.7M | 10.8M | 8.7M | 202,577 |
| Other Properties | -- | 1.9M | 1.7M | 1.7M |
| Other Receivables | 733,000 | 154,000 | -- | -- |
| Raw Materials | 4.6M | 0.00 | -- | -- |
| Total Tax Payable | 9.1M | 0.00 | -- | -- |
| Work In Process | 52.0M | 0.00 | -- | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -9.4M | -26.5M | -18.1M | -30.5M |
| Cash Flow From Continuing Operating Activities | -9.4M | -26.5M | -18.1M | -30.5M |
| Depreciation And Amortization | 2.8M | 1.0M | 968,645 | 927,957 |
| Depreciation Amortization Depletion | 2.8M | 1.0M | 968,645 | 927,957 |
| Stock Based Compensation | 1.5M | 1.1M | 1.7M | 1.9M |
| Deferred Tax | 1.3M | 0.00 | -- | -- |
| Deferred Income Tax | 1.3M | 0.00 | -- | -- |
| Change In Working Capital | 7.4M | 54,000 | -320,221 | -133,194 |
| Changes In Account Receivables | -- | 154,140 | -356,990 | -63,008 |
| Change In Receivables | 4.0M | 48,000 | -356,990 | -98,008 |
| Change In Inventory | 4.1M | 0.00 | -- | -- |
| Change In Payables And Accrued Expense | -2.0M | -100,000 | -68,648 | 45,515 |
| Change In Payable | -2.0M | -100,000 | -68,648 | 45,515 |
| Change In Other Current Liabilities | -- | -77,890 | 105,417 | -80,701 |
| Other Non Cash Items | -13.1M | 1.2M | 39,532 | -721,192 |
| Capital Expenditure | -- | -3.4M | -233,516 | -1.3M |
| Purchase Of PPE | -- | -3.4M | -233,516 | -1.3M |
| Net PPE Purchase And Sale | -- | -3.4M | -233,516 | -1.3M |
| Purchase Of Business | 0.00 | -909,000 | 0.00 | 0.00 |
| Sale Of Business | 21.7M | 0.00 | -- | -- |
| Purchase Of Investment | -664,000 | 0.00 | -- | -- |
| Sale Of Investment | -- | -- | -- | 74.00 |
| Net Investment Purchase And Sale | -664,000 | 0.00 | -- | 74.00 |
| Investing Cash Flow | 27.3M | -4.2M | -95,092 | -1.3M |
| Cash Flow From Continuing Investing Activities | 27.3M | -4.2M | -95,092 | -1.3M |
| Issuance Of Debt | 5.0M | 0.00 | 10.0M | 0.00 |
| Repayment Of Debt | -2.4M | -478,000 | -802,579 | -616,877 |
| Net Issuance Payments Of Debt | 2.6M | -478,000 | 9.2M | -616,877 |
| Issuance Of Capital Stock | 25.6M | 25.8M | 11.9M | 19.0M |
| Net Common Stock Issuance | 25.6M | 25.8M | 11.9M | 19.0M |
| Financing Cash Flow | 25.5M | 23.5M | 19.8M | 17.1M |
| Cash Flow From Continuing Financing Activities | 25.5M | 23.5M | 19.8M | 17.1M |
| Effect Of Exchange Rate Changes | -34,000 | 77,000 | 0.00 | 0.00 |
| Changes In Cash | 43.4M | -7.2M | 1.6M | -14.7M |
| Beginning Cash Position | 8.8M | 15.9M | 14.3M | 29.1M |
| End Cash Position | 52.2M | 8.8M | 15.9M | 14.3M |
| Free Cash Flow | -9.4M | -26.5M | -18.3M | -31.8M |
| Change In Account Payable | -- | -621,331 | -11,859 | -6,288 |
| Change In Prepaid Assets | 1.3M | 106,000 | -- | -- |
| Common Stock Issuance | 25.6M | 25.8M | 11.9M | 19.0M |
| Depreciation | 2.8M | 1.0M | 968,645 | 927,957 |
| Gain Loss On Investment Securities | 1.0M | -969,000 | -34,000 | -- |
| Interest Received Cfo | 669,000 | 0.00 | -- | -- |
| Long Term Debt Issuance | 5.0M | 0.00 | 10.0M | 0.00 |
| Long Term Debt Payments | -2.4M | -478,000 | -802,579 | -616,877 |
| Net Business Purchase And Sale | 21.7M | -909,000 | 0.00 | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -- | 28,129 | -687,923 | 483,490 |
| Net Income From Continuing Operations | -9.5M | -29.0M | -19.8M | -32.9M |
| Net Intangibles Purchase And Sale | 9.8M | 0.00 | -- | -- |
| Net Long Term Debt Issuance | 2.6M | -478,000 | 9.2M | -616,877 |
| Net Other Financing Charges | -2.7M | -1.8M | -1.3M | -1.6M |
| Net Other Investing Changes | -3.4M | -3.3M | 138,424 | 7,636 |
| Operating Gains Losses | -469,000 | -871,000 | -721,923 | 483,490 |
| Proceeds From Stock Option Exercised | -- | -28,786 | -64,076 | 303,685 |
| Sale Of Intangibles | 9.8M | 0.00 | -- | -- |