Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling General And Administration | 1.5M | 1.3M | 1.3M | 1.2M | 1.5M |
| General And Administrative Expense | 1.5M | 1.3M | 1.3M | 1.2M | 1.5M |
| Research And Development | 4.1M | 4.1M | 4.2M | 4.5M | 3.6M |
| Depreciation And Amortization In Income Statement | 19,000 | 19,000 | 19,000 | 19,000 | 21,000 |
| Operating Expense | 5.6M | 5.5M | 5.5M | 5.7M | 5.1M |
| Operating Income | -5.6M | -5.5M | -5.5M | -5.7M | -5.1M |
| EBIT | -5.6M | -5.5M | -5.5M | -5.7M | -5.1M |
| Interest Income | 114,000 | 158,000 | 204,000 | 264,000 | 378,000 |
| Interest Income Non Operating | 114,000 | 158,000 | 204,000 | 264,000 | 378,000 |
| Net Interest Income | 114,000 | 158,000 | 204,000 | 264,000 | 378,000 |
| Other Income Expense | 1.1M | 429,000 | 377,000 | 6.6M | -449,000 |
| Gain On Sale Of Security | 1.1M | 429,000 | 377,000 | 6.6M | -449,000 |
| Pretax Income | -4.4M | -4.9M | -4.9M | 1.2M | -5.2M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 996,300 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -4.4M | -4.9M | -4.9M | 1.2M | -5.2M |
| Net Income From Continuing Operation Net Minority Interest | -4.4M | -4.9M | -4.9M | 1.2M | -5.2M |
| Net Income Including Noncontrolling Interests | -4.4M | -4.9M | -4.9M | 1.2M | -5.2M |
| Net Income Common Stockholders | -4.4M | -4.9M | -4.9M | 1.2M | -5.2M |
| Net Income | -4.4M | -4.9M | -4.9M | 1.2M | -5.2M |
| EBITDA | -5.6M | -5.4M | -5.5M | -5.7M | -5.1M |
| Normalized EBITDA | -6.7M | -5.9M | -5.9M | -12.3M | -4.7M |
| Reconciled Depreciation | 16,000 | 23,000 | 19,000 | 19,000 | 18,000 |
| Basic EPS | -0.05 | -0.06 | -0.06 | -- | -0.07 |
| Diluted EPS | -0.05 | -0.06 | -0.06 | -- | -0.07 |
| Basic Average Shares | 83.4M | 83.4M | 82.5M | -- | 78.0M |
| Diluted Average Shares | 83.4M | 83.4M | 82.5M | -- | 78.0M |
| Total Unusual Items | 1.1M | 429,000 | 377,000 | 6.6M | -449,000 |
| Total Unusual Items Excluding Goodwill | 1.1M | 429,000 | 377,000 | 6.6M | -449,000 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.15 | 0.00 |
| Normalized Income | -5.5M | -5.3M | -5.3M | -4.5M | -4.7M |
| Depreciation Amortization Depletion Income Statement | 19,000 | 19,000 | 19,000 | 19,000 | 21,000 |
| Depreciation Income Statement | 19,000 | 19,000 | 19,000 | 19,000 | 21,000 |
| Diluted NI Availto Com Stockholders | -4.4M | -4.9M | -4.9M | 1.2M | -5.2M |
| Net Income Continuous Operations | -4.4M | -4.9M | -4.9M | 1.2M | -5.2M |
| Net Non Operating Interest Income Expense | 114,000 | 158,000 | 204,000 | 264,000 | 378,000 |
| Other Gand A | 904,000 | 772,000 | 730,000 | 662,000 | 687,000 |
| Salaries And Wages | 620,000 | 572,000 | 553,000 | 544,000 | 820,000 |
| Total Expenses | 5.6M | 5.5M | 5.5M | 5.7M | 5.1M |
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 10.6M | 15.7M | 20.5M | 24.8M | 30.0M |
| Cash Cash Equivalents And Short Term Investments | 10.6M | 15.7M | 20.5M | 24.8M | 30.0M |
| Cash Equivalents | 8.9M | 8.8M | 14.0M | 23.6M | 27.5M |
| Cash Financial | 1.8M | 6.9M | 6.5M | 1.3M | 2.5M |
| Receivables | 1.5M | 1.3M | 1.2M | 2.7M | 1.4M |
| Prepaid Assets | 835,000 | 861,000 | 947,000 | 639,000 | 588,000 |
| Other Current Assets | -- | 2,000 | -- | -- | -- |
| Current Assets | 12.9M | 17.9M | 22.6M | 28.2M | 32.0M |
| Gross PPE | 103,000 | 120,000 | 142,000 | 159,000 | 175,000 |
| Net PPE | 103,000 | 120,000 | 142,000 | 159,000 | 175,000 |
| Goodwill And Other Intangible Assets | 48,000 | 49,000 | 50,000 | 52,000 | 53,000 |
| Total Non Current Assets | 151,000 | 169,000 | 192,000 | 211,000 | 228,000 |
| Total Assets | 13.1M | 18.0M | 22.8M | 28.4M | 32.2M |
| Current Debt And Capital Lease Obligation | 65,000 | 62,000 | 58,000 | 49,000 | 40,000 |
| Accounts Payable | 4.3M | 3.6M | 3.2M | 2.7M | 1.9M |
| Payables | 4.3M | 3.6M | 3.2M | 2.7M | 1.9M |
| Payables And Accrued Expenses | 4.8M | 4.4M | 4.5M | 4.4M | 3.1M |
| Current Accrued Expenses | 506,000 | 751,000 | 1.3M | 1.7M | 1.3M |
| Current Liabilities | 4.8M | 4.5M | 4.6M | 4.4M | 3.2M |
| Long Term Debt And Capital Lease Obligation | 70,000 | 87,000 | 104,000 | 119,000 | 134,000 |
| Long Term Capital Lease Obligation | 70,000 | 87,000 | 104,000 | 119,000 | 134,000 |
| Total Non Current Liabilities Net Minority Interest | 2.0M | 3.3M | 3.6M | 4.9M | 11.6M |
| Total Liabilities Net Minority Interest | 6.9M | 7.8M | 8.1M | 9.3M | 14.8M |
| Common Stock | 126.3M | 126.2M | 126.2M | 116.3M | 116.3M |
| Capital Stock | 126.3M | 126.2M | 126.2M | 116.3M | 116.3M |
| Additional Paid In Capital | 12.3M | 12.0M | 11.6M | 11.2M | 10.7M |
| Retained Earnings | -132.4M | -128.1M | -123.2M | -118.3M | -119.4M |
| Gains Losses Not Affecting Retained Earnings | 54,000 | 51,000 | 35,000 | 3,000 | 42,000 |
| Other Equity Adjustments | 54,000 | 51,000 | 35,000 | 3,000 | 42,000 |
| Common Stock Equity | 6.2M | 10.2M | 14.6M | 19.1M | 17.5M |
| Stockholders Equity | 6.2M | 10.2M | 14.6M | 19.1M | 17.5M |
| Total Equity Gross Minority Interest | 6.2M | 10.2M | 14.6M | 19.1M | 17.5M |
| Total Capitalization | 6.2M | 10.2M | 14.6M | 19.1M | 17.5M |
| Net Tangible Assets | 6.2M | 10.2M | 14.6M | 19.0M | 17.4M |
| Tangible Book Value | 6.2M | 10.2M | 14.6M | 19.0M | 17.4M |
| Working Capital | 8.1M | 13.4M | 18.0M | 23.7M | 28.8M |
| Invested Capital | 6.2M | 10.2M | 14.6M | 19.1M | 17.5M |
| Total Debt | 135,000 | 149,000 | 162,000 | 168,000 | 174,000 |
| Share Issued | 83.4M | 83.4M | 83.4M | 78.2M | 78.2M |
| Ordinary Shares Number | 83.4M | 83.4M | 83.4M | 78.2M | 78.2M |
| Buildings And Improvements | 101,000 | 115,000 | 128,000 | 141,000 | 154,000 |
| Capital Lease Obligations | 135,000 | 149,000 | 162,000 | 168,000 | 174,000 |
| Current Capital Lease Obligation | 65,000 | 62,000 | 58,000 | 49,000 | 40,000 |
| Derivative Product Liabilities | 2.0M | 3.3M | 3.5M | 4.7M | 11.5M |
| Other Equity Interest | -- | -- | -- | 9.8M | 9.8M |
| Other Properties | 2,000 | 5,000 | 14,000 | 18,000 | 21,000 |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Taxes Receivable | 1.5M | 1.3M | 1.2M | 2.7M | 1.4M |
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | -5.0M | -4.9M | -3.5M | -5.0M | -3.6M |
| Cash Flow From Continuing Operating Activities | -5.0M | -4.9M | -3.5M | -5.0M | -3.6M |
| Depreciation And Amortization | 16,000 | 23,000 | 19,000 | 19,000 | 18,000 |
| Depreciation Amortization Depletion | 16,000 | 23,000 | 19,000 | 19,000 | 18,000 |
| Stock Based Compensation | 331,000 | 468,000 | 390,000 | 496,000 | 629,000 |
| Change In Working Capital | 185,000 | -122,000 | 1.3M | 963,000 | 540,000 |
| Change In Receivables | -176,000 | -5,000 | 1.2M | -289,000 | 240,000 |
| Change In Payables And Accrued Expense | 361,000 | -117,000 | 128,000 | 1.3M | 300,000 |
| Other Non Cash Items | 5,000 | 6,000 | 7,000 | -1.0M | 0.00 |
| Capital Expenditure | -- | -- | -- | -- | -- |
| Purchase Of PPE | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Net PPE Purchase And Sale | 2,000 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investing Cash Flow | 2,000 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash Flow From Continuing Investing Activities | 2,000 | 0.00 | 0.00 | 0.00 | 0.00 |
| Repayment Of Debt | -19,000 | -19,000 | -13,000 | -- | 0.00 |
| Net Issuance Payments Of Debt | -19,000 | -19,000 | -13,000 | -- | 0.00 |
| Issuance Of Capital Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Common Stock Issuance | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -19,000 | -19,000 | 39,000 | -19,000 | 1.9M |
| Cash Flow From Continuing Financing Activities | -19,000 | -19,000 | 39,000 | -19,000 | 1.9M |
| Effect Of Exchange Rate Changes | -152,000 | 245,000 | -871,000 | -144,000 | 1.2M |
| Changes In Cash | -5.0M | -5.0M | -3.5M | -5.0M | -1.6M |
| Beginning Cash Position | 15.7M | 20.5M | 24.8M | 30.0M | 30.4M |
| End Cash Position | 10.6M | 15.7M | 20.5M | 24.8M | 30.0M |
| Free Cash Flow | -5.0M | -4.9M | -3.5M | -5.0M | -3.6M |
| Common Stock Issuance | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 16,000 | 23,000 | 19,000 | 19,000 | 18,000 |
| Gain Loss On Investment Securities | -1.3M | -200,000 | -1.3M | -6.7M | 1.6M |
| Long Term Debt Payments | -19,000 | -19,000 | -13,000 | -- | 0.00 |
| Net Foreign Currency Exchange Gain Loss | 155,000 | -229,000 | 903,000 | 105,000 | -1.2M |
| Net Income From Continuing Operations | -4.4M | -4.9M | -4.9M | 1.2M | -5.2M |
| Net Long Term Debt Issuance | -19,000 | -19,000 | -13,000 | -- | 0.00 |
| Operating Gains Losses | -1.1M | -429,000 | -377,000 | -6.6M | 449,000 |
| Proceeds From Stock Option Exercised | 0.00 | 0.00 | 52,000 | 0.00 | 1.9M |