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 | 80.6M | 50.6M | 43.6M | 54.7M |
| Operating Revenue | 104.1M | 75.0M | 65.8M | 77.2M |
| Cost Of Revenue | 63.6M | 49.8M | 41.4M | 27.8M |
| Gross Profit | 17.0M | 810,000 | 2.2M | 26.9M |
| Selling General And Administration | 9.6M | 7.6M | 4.7M | 6.4M |
| General And Administrative Expense | 9.6M | 7.6M | 4.7M | 5.8M |
| Depreciation And Amortization In Income Statement | -- | 339,967 | 102,417 | 96,469 |
| Other Operating Expenses | 1.8M | 56,000 | 82,523 | 102,743 |
| Operating Expense | 11.4M | 7.6M | 4.8M | 6.9M |
| Operating Income | 5.6M | -6.8M | -2.6M | 20.0M |
| EBIT | -8.0M | -8.7M | -6.2M | 30.2M |
| Interest Expense | 2.4M | 2.4M | 2.3M | 1.8M |
| Interest Expense Non Operating | 2.4M | 2.4M | 2.3M | 1.8M |
| Interest Income | 0.00 | 157,000 | 171,677 | 330,975 |
| Interest Income Non Operating | 0.00 | 157,000 | 171,677 | 330,975 |
| Net Interest Income | -2.6M | -3.0M | -3.1M | -2.2M |
| Other Income Expense | -13.5M | -1.2M | -2.8M | 10.6M |
| Other Non Operating Income Expenses | -- | -66,335 | -153,257 | 267,447 |
| Special Income Charges | 641,000 | -2,000 | 0.00 | 10.1M |
| Write Off | -- | -- | 0.00 | 2.9M |
| Gain On Sale Of Security | -14.1M | -1.2M | -2.7M | 272,937 |
| Pretax Income | -10.4M | -11.1M | -8.6M | 28.4M |
| Tax Provision | 0.00 | 0.00 | 0.00 | -- |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 2.7M |
| Net Income From Continuing And Discontinued Operation | -10.4M | -11.1M | -8.6M | 28.4M |
| Net Income From Continuing Operation Net Minority Interest | -10.4M | -11.1M | -8.6M | 28.4M |
| Net Income Including Noncontrolling Interests | -10.4M | -11.1M | -8.6M | 28.4M |
| Net Income Common Stockholders | -10.4M | -11.1M | -8.6M | 28.4M |
| Net Income | -10.4M | -11.1M | -8.6M | 28.4M |
| EBITDA | -2.3M | -5.4M | -4.3M | 30.7M |
| Normalized EBITDA | 11.1M | -4.1M | -1.7M | 20.4M |
| Reconciled Depreciation | 5.6M | 3.3M | 1.9M | 518,423 |
| Basic EPS | -0.06 | -0.11 | -0.25 | 0.96 |
| Diluted EPS | -0.06 | -0.11 | -0.25 | 0.83 |
| Basic Average Shares | 174.4M | 103.6M | 34.2M | 29.5M |
| Diluted Average Shares | 174.4M | 103.6M | 34.2M | 34.2M |
| Total Unusual Items | -13.5M | -1.2M | -2.7M | 10.4M |
| Total Unusual Items Excluding Goodwill | -13.5M | -1.2M | -2.7M | 10.4M |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.27 |
| Normalized Income | 3.1M | -9.9M | -5.9M | 20.8M |
| Depreciation Amortization Depletion Income Statement | -- | 339,967 | 102,417 | 96,469 |
| Depreciation Income Statement | -- | 339,967 | 102,417 | 96,469 |
| Diluted NI Availto Com Stockholders | -10.4M | -11.1M | -8.6M | 28.4M |
| Gain On Sale Of Business | 2.1M | 0.00 | -- | -- |
| Impairment Of Capital Assets | -- | -- | 0.00 | -12.8M |
| Net Income Continuous Operations | -10.4M | -11.1M | -8.6M | 28.4M |
| Net Non Operating Interest Income Expense | -2.6M | -3.0M | -3.1M | -2.2M |
| Other Gand A | 4.3M | 3.3M | 2.2M | 4.2M |
| Other Special Charges | 1.4M | 2,000 | 26,525 | -155,292 |
| Provision For Doubtful Accounts | -- | -- | 0.00 | 239,212 |
| Reconciled Cost Of Revenue | 63.6M | 49.8M | 39.6M | 27.4M |
| Salaries And Wages | 5.3M | 4.3M | 2.5M | 1.6M |
| Selling And Marketing Expense | -- | -- | 623,342 | 633,716 |
| Total Expenses | 74.9M | 57.4M | 46.2M | 34.7M |
| Total Operating Income As Reported | 6.3M | -8.7M | -- | -- |
| Total Other Finance Cost | 139,000 | 760,000 | 812,703 | 752,929 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 10.2M | 2.1M | 850,000 | 2.4M |
| Cash Cash Equivalents And Short Term Investments | 10.2M | 2.1M | 850,000 | 5.5M |
| Cash Financial | -- | 2.1M | 848,806 | 2.4M |
| Other Short Term Investments | -- | -- | 0.00 | 3.1M |
| Accounts Receivable | 770,000 | 562,000 | 10.0M | 1.3M |
| Receivables | 7.6M | 7.5M | 10.0M | 6.6M |
| Inventory | 8.6M | 6.1M | 6.9M | 7.6M |
| Prepaid Assets | 4.4M | 2.5M | 2.8M | 2.8M |
| Other Current Assets | 116,000 | -- | -- | -- |
| Current Assets | 31.0M | 18.1M | 20.6M | 22.5M |
| Gross PPE | 125.1M | 103.1M | 84.5M | 66.0M |
| Accumulated Depreciation | -21.1M | -13.2M | -8.3M | -4.6M |
| Net PPE | 104.0M | 89.9M | 76.2M | 61.5M |
| Other Non Current Assets | -- | -- | 1.9M | 1.4M |
| Total Non Current Assets | 104.0M | 92.7M | 78.1M | 62.9M |
| Total Assets | 135.0M | 110.9M | 98.7M | 85.3M |
| Current Debt | 14.6M | 15.6M | 25.3M | 10.8M |
| Current Debt And Capital Lease Obligation | 16.4M | 24.7M | 26.4M | 11.8M |
| Accounts Payable | 8.5M | 9.2M | 9.0M | 4.1M |
| Payables | 19.5M | 19.6M | 19.3M | 10.0M |
| Payables And Accrued Expenses | 24.7M | 24.5M | 21.6M | 12.9M |
| Current Accrued Expenses | 5.2M | 4.9M | 2.3M | 2.9M |
| Current Deferred Revenue | 0.00 | 7.4M | 246,000 | -- |
| Other Current Liabilities | 10.8M | 7.4M | 6.9M | 178,036 |
| Current Liabilities | 51.9M | 56.7M | 55.1M | 24.9M |
| Long Term Debt | 2.4M | -- | 5.9M | 20.6M |
| Long Term Debt And Capital Lease Obligation | 11.6M | 6.2M | 12.2M | 27.5M |
| Long Term Capital Lease Obligation | 9.2M | 6.2M | 6.3M | 6.9M |
| Other Non Current Liabilities | 17.0M | -- | 6.1M | 5.3M |
| Total Non Current Liabilities Net Minority Interest | 35.4M | 13.0M | 22.6M | 36.4M |
| Total Liabilities Net Minority Interest | 87.3M | 69.7M | 77.8M | 61.3M |
| Common Stock | 122.6M | 107.8M | 79.5M | 66.5M |
| Capital Stock | 122.6M | 107.8M | 79.5M | 66.5M |
| Retained Earnings | -89.1M | -78.7M | -67.6M | -50.6M |
| Gains Losses Not Affecting Retained Earnings | 14.2M | 12.0M | 9.0M | 8.2M |
| Other Equity Adjustments | 14.2M | 12.0M | 9.0M | 9.3M |
| Common Stock Equity | 47.7M | 41.2M | 21.0M | 24.1M |
| Stockholders Equity | 47.7M | 41.2M | 21.0M | 24.1M |
| Total Equity Gross Minority Interest | 47.7M | 41.2M | 21.0M | 24.1M |
| Total Capitalization | 50.1M | 41.2M | 26.9M | 44.7M |
| Net Tangible Assets | 47.7M | 41.2M | 21.0M | 24.1M |
| Tangible Book Value | 47.7M | 41.2M | 21.0M | 24.1M |
| Working Capital | -21.0M | -38.5M | -34.5M | -2.4M |
| Invested Capital | 64.7M | 56.8M | 52.1M | 55.5M |
| Total Debt | 28.0M | 30.9M | 38.6M | 39.3M |
| Net Debt | 6.8M | 13.6M | 30.3M | 29.0M |
| Share Issued | 200.3M | 148.1M | 34.9M | 32.2M |
| Ordinary Shares Number | 200.3M | 148.1M | 34.9M | 32.2M |
| Buildings And Improvements | -- | -- | 559,000 | 410,974 |
| Capital Lease Obligations | 11.0M | 7.4M | 7.4M | 7.9M |
| Construction In Progress | 4.8M | 24.8M | 15.9M | 10.9M |
| Current Capital Lease Obligation | 1.8M | 1.2M | 1.1M | 996,847 |
| Current Deferred Liabilities | 0.00 | 7.4M | 246,000 | -- |
| Finished Goods | 2.3M | 517,000 | 1.9M | 990,573 |
| Foreign Currency Translation Adjustments | -- | 564,601 | 731,653 | -1.1M |
| Land And Improvements | -- | -- | 3.4M | 2.5M |
| Long Term Provisions | 6.7M | 6.8M | 4.3M | 3.6M |
| Machinery Furniture Equipment | 24.7M | 17.9M | 17.4M | 8.2M |
| Non Current Accounts Receivable | 8,000 | 2.7M | 1.2M | 11,765 |
| Non Current Deferred Assets | 34,000 | 54,000 | 706,602 | -- |
| Other Current Borrowings | 14.6M | 15.6M | 25.3M | 10.8M |
| Other Equity Interest | 10,000 | -- | -- | -- |
| Other Payable | 6.7M | 8.9M | 8.8M | 4.5M |
| Other Properties | 33.9M | 11.1M | 9.5M | 11.0M |
| Other Receivables | 267,000 | 244,000 | 213,675 | 130,978 |
| Raw Materials | 6.3M | 5.5M | 5.0M | 6.6M |
| Taxes Receivable | 6.6M | 6.7M | 6.7M | 5.2M |
| Total Tax Payable | 4.3M | 1.4M | 1.4M | 1.4M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 6.7M | 907,000 | 1.5M | 3.2M |
| Cash Flow From Continuing Operating Activities | 6.7M | 907,000 | 1.5M | 3.2M |
| Depreciation And Amortization | 5.6M | 3.3M | 1.9M | 518,423 |
| Depreciation Amortization Depletion | 5.6M | 3.3M | 1.9M | 518,423 |
| Stock Based Compensation | 2.6M | 1.5M | 209,254 | 1.8M |
| Deferred Tax | -- | -- | -- | 0.00 |
| Deferred Income Tax | -- | -- | -- | 0.00 |
| Change In Working Capital | -7.8M | 2.8M | 2.8M | -20.5M |
| Changes In Account Receivables | -- | -- | -4.1M | -2.4M |
| Change In Receivables | 2.6M | 1.9M | -4.1M | -2.4M |
| Change In Inventory | -2.5M | 1.8M | 1.0M | -3.1M |
| Change In Payables And Accrued Expense | -3.5M | -1.5M | 5.9M | -10.7M |
| Change In Other Working Capital | -2.3M | -216,000 | -- | -2.9M |
| Change In Other Current Assets | -116,000 | 0.00 | -- | -- |
| Other Non Cash Items | 4.9M | 3.1M | 2.9M | 1.4M |
| Capital Expenditure | -5.5M | -9.4M | -9.7M | -14.1M |
| Purchase Of PPE | -5.5M | -9.4M | -9.7M | -14.1M |
| Net PPE Purchase And Sale | -5.5M | -9.4M | -9.7M | -14.1M |
| Sale Of Investment | -- | 0.00 | 952,697 | 0.00 |
| Net Investment Purchase And Sale | -- | 0.00 | 952,697 | 0.00 |
| Investing Cash Flow | -5.5M | -9.4M | -8.8M | -14.1M |
| Cash Flow From Continuing Investing Activities | -5.5M | -9.4M | -8.8M | -14.1M |
| Issuance Of Debt | 2.5M | 0.00 | 2.2M | 5.6M |
| Repayment Of Debt | -4.3M | -3.1M | -5.6M | -3.6M |
| Net Issuance Payments Of Debt | -1.8M | -3.1M | -3.4M | 2.0M |
| Issuance Of Capital Stock | 7.8M | 15.0M | 3.6M | 7.8M |
| Net Common Stock Issuance | 7.8M | 15.0M | 3.6M | 7.8M |
| Financing Cash Flow | 7.6M | 9.8M | 5.6M | 13.3M |
| Cash Flow From Continuing Financing Activities | 7.6M | 9.8M | 5.6M | 13.3M |
| Effect Of Exchange Rate Changes | -622,000 | -63,000 | 276,304 | -214,114 |
| Changes In Cash | 8.8M | 1.3M | -1.7M | 2.4M |
| Beginning Cash Position | 2.1M | 850,000 | 2.2M | 201,565 |
| End Cash Position | 10.2M | 2.1M | 848,806 | 2.4M |
| Free Cash Flow | 1.2M | -8.5M | -8.2M | -10.9M |
| Asset Impairment Charge | -- | -- | 0.00 | -9.8M |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 |
| Change In Prepaid Assets | -1.9M | 736,000 | 48,630 | -1.4M |
| Common Stock Issuance | 7.8M | 15.0M | 3.6M | 7.8M |
| Depreciation | -- | 3.4M | 1.9M | 518,423 |
| Gain Loss On Investment Securities | 14.6M | -- | 86,944 | 636,853 |
| Gain Loss On Sale Of Business | -2.1M | 0.00 | -- | -- |
| Interest Paid Cff | -1.8M | -2.1M | -2.3M | -2.8M |
| Long Term Debt Issuance | -- | 0.00 | 2.2M | 5.6M |
| Long Term Debt Payments | -3.5M | -1.2M | -5.6M | -3.6M |
| Net Foreign Currency Exchange Gain Loss | -730,000 | 1.4M | -- | -- |
| Net Income From Continuing Operations | -10.4M | -11.1M | -8.6M | 28.4M |
| Net Long Term Debt Issuance | -3.5M | -1.2M | -3.4M | 2.0M |
| Net Other Financing Charges | 10,000 | -- | 6.5M | 4.9M |
| Net Short Term Debt Issuance | 1.7M | -2.0M | -- | -- |
| Operating Gains Losses | 11.8M | 1.4M | 86,944 | -579,599 |
| Proceeds From Stock Option Exercised | 3.4M | 0.00 | 1.2M | 1.5M |
| Short Term Debt Issuance | 2.5M | 0.00 | -- | -- |
| Short Term Debt Payments | -770,000 | -2.0M | -- | -- |
| Unrealized Gain Loss On Investment Securities | -- | 0.00 | 2.0M | 1.9M |