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 | 489,698 | 456,088 | 510,606 | 563,101 |
| Operating Revenue | 489,698 | 456,088 | 510,606 | 563,101 |
| Cost Of Revenue | 295,468 | 270,460 | 270,660 | 289,762 |
| Gross Profit | 194,230 | 185,628 | 239,946 | 273,340 |
| Selling General And Administration | 1.7M | 2.2M | 2.9M | 3.5M |
| General And Administrative Expense | 1.7M | 1.7M | 1.8M | 1.9M |
| Research And Development | 526,276 | 586,084 | 681,795 | 995,360 |
| Depreciation And Amortization In Income Statement | 30,980 | 37,955 | 34,208 | 32,696 |
| Other Operating Expenses | 268,226 | 311,715 | 294,086 | 259,808 |
| Operating Expense | 2.5M | 3.2M | 4.1M | 4.8M |
| Operating Income | -2.3M | -3.0M | -3.9M | -4.6M |
| EBIT | -2.3M | -2.4M | -3.9M | -4.6M |
| Interest Expense | 1.3M | 2.2M | 1.3M | 777,611 |
| Interest Expense Non Operating | 1.3M | 2.2M | 1.3M | 777,611 |
| Net Interest Income | -1.3M | -2.2M | -1.3M | -777,611 |
| Other Income Expense | -- | 597,814 | 3,404 | -29,983 |
| Special Income Charges | 0.00 | 597,814 | 0.00 | -23,400 |
| Gain On Sale Of Security | -- | -3,350 | 3,404 | -6,583 |
| Pretax Income | -3.7M | -4.6M | -5.1M | -5.4M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -3.7M | -4.6M | -5.1M | -5.3M |
| Net Income From Continuing Operation Net Minority Interest | -3.7M | -4.6M | -5.1M | -5.3M |
| Net Income Including Noncontrolling Interests | -3.7M | -4.6M | -5.1M | -5.4M |
| Net Income Common Stockholders | -3.7M | -4.6M | -5.1M | -5.3M |
| Net Income | -3.7M | -4.6M | -5.1M | -5.3M |
| EBITDA | -2.3M | -2.4M | -3.8M | -4.5M |
| Normalized EBITDA | -2.3M | -3.0M | -3.8M | -4.5M |
| Reconciled Depreciation | 46,816 | 51,827 | 51,690 | 51,809 |
| Basic EPS | -0.01 | -0.02 | -0.03 | -0.03 |
| Diluted EPS | -0.01 | -0.02 | -0.03 | -0.03 |
| Basic Average Shares | 266.7M | 196.8M | 183.7M | 180.2M |
| Diluted Average Shares | 266.7M | 196.8M | 183.7M | 180.2M |
| Total Unusual Items | 0.00 | 597,814 | 3,404 | -29,983 |
| Total Unusual Items Excluding Goodwill | 0.00 | 597,814 | 3,404 | -29,983 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -3.7M | -5.2M | -5.1M | -5.3M |
| Amortization | 30,980 | 37,955 | 34,208 | 32,696 |
| Amortization Of Intangibles Income Statement | 30,980 | 37,955 | 34,208 | 32,696 |
| Depreciation Amortization Depletion Income Statement | 30,980 | 37,955 | 34,208 | 32,696 |
| Depreciation Income Statement | -- | -- | -- | 50,301 |
| Diluted NI Availto Com Stockholders | -3.7M | -4.6M | -5.1M | -5.3M |
| Gain On Sale Of Business | 0.00 | 597,814 | 0.00 | -- |
| Net Income Continuous Operations | -3.7M | -4.6M | -5.1M | -5.4M |
| Net Non Operating Interest Income Expense | -1.3M | -2.2M | -1.3M | -777,611 |
| Other Gand A | 621,413 | 1.1M | 596,637 | 657,612 |
| Other Special Charges | -- | -- | -- | 23,400 |
| Provision For Doubtful Accounts | 0.00 | 61,748 | 156,280 | 21,903 |
| Reconciled Cost Of Revenue | 279,632 | 256,588 | 253,178 | 270,649 |
| Salaries And Wages | 1.0M | 587,108 | 1.2M | 1.3M |
| Selling And Marketing Expense | 5,858 | 554,558 | 1.1M | 1.6M |
| Total Expenses | 2.8M | 3.5M | 4.4M | 5.1M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 158,290 | 138,185 | 142,496 | 106,771 |
| Cash Cash Equivalents And Short Term Investments | 158,290 | 138,185 | 142,496 | 106,771 |
| Cash Financial | 158,290 | 138,185 | 142,496 | 106,771 |
| Accounts Receivable | 29,541 | 7,697 | 8,196 | 9,627 |
| Receivables | 293,885 | 113,124 | 45,408 | 9,627 |
| Inventory | 376,526 | 336,622 | 376,876 | 371,206 |
| Prepaid Assets | 16,130 | 15,549 | 15,490 | 53,808 |
| Current Assets | 844,831 | 603,480 | 580,270 | 541,412 |
| Gross PPE | 425,406 | 425,406 | 425,406 | 425,406 |
| Accumulated Depreciation | -386,088 | -339,272 | -287,445 | -235,755 |
| Net PPE | 39,318 | 86,134 | 137,961 | 189,651 |
| Total Non Current Assets | 39,318 | 86,134 | 137,961 | 189,651 |
| Total Assets | 884,149 | 689,614 | 718,231 | 731,063 |
| Current Debt | 5.9M | 4.9M | 4.1M | 188,216 |
| Current Debt And Capital Lease Obligation | 5.9M | 5.0M | 4.1M | 188,216 |
| Accounts Payable | 336,782 | 629,732 | 615,135 | 501,342 |
| Payables | 480,837 | 635,768 | 1.5M | 1.2M |
| Payables And Accrued Expenses | 2.4M | 2.0M | 2.8M | 1.8M |
| Current Accrued Expenses | 1.9M | 1.3M | 1.3M | 586,863 |
| Current Deferred Revenue | 9,872 | 9,105 | 12,175 | 15,432 |
| Current Liabilities | 8.3M | 6.9M | 6.9M | 2.0M |
| Long Term Debt | 1.1M | 882,199 | 787,614 | 2.4M |
| Long Term Debt And Capital Lease Obligation | 1.1M | 882,199 | 877,238 | 2.4M |
| Long Term Capital Lease Obligation | -- | 38,229 | 89,624 | -- |
| Other Non Current Liabilities | -- | -- | 1.00 | -- |
| Total Non Current Liabilities Net Minority Interest | 1.1M | 882,199 | 877,238 | 2.4M |
| Total Liabilities Net Minority Interest | 9.4M | 7.8M | 7.8M | 4.4M |
| Common Stock | 27.5M | 27.0M | 24.0M | 23.9M |
| Capital Stock | 27.5M | 27.0M | 24.0M | 23.9M |
| Additional Paid In Capital | 14.4M | 11.6M | 10.8M | 9.9M |
| Retained Earnings | -54.5M | -50.8M | -46.3M | -41.1M |
| Common Stock Equity | -8.5M | -7.1M | -7.1M | -3.6M |
| Stockholders Equity | -8.5M | -7.1M | -7.1M | -3.6M |
| Total Equity Gross Minority Interest | -8.5M | -7.1M | -7.1M | -3.6M |
| Total Capitalization | -7.4M | -6.3M | -6.3M | -1.2M |
| Net Tangible Assets | -8.5M | -7.1M | -7.1M | -3.6M |
| Tangible Book Value | -8.5M | -7.1M | -7.1M | -3.6M |
| Working Capital | -7.5M | -6.3M | -6.3M | -1.4M |
| Invested Capital | -1.5M | -1.3M | -2.2M | -1.0M |
| Total Debt | 7.0M | 5.8M | 5.0M | 2.6M |
| Net Debt | 6.8M | 5.7M | 4.7M | 2.5M |
| Share Issued | 272.3M | 262.0M | 183.8M | 183.7M |
| Ordinary Shares Number | 272.3M | 262.0M | 183.8M | 183.7M |
| Allowance For Doubtful Accounts Receivable | -116,490 | -116,490 | -227,238 | -91,370 |
| Capital Lease Obligations | 38,229 | 51,396 | 134,066 | -- |
| Current Capital Lease Obligation | 38,229 | 51,396 | 44,442 | -- |
| Current Deferred Liabilities | 9,872 | 9,105 | 12,175 | 15,432 |
| Dueto Related Parties Current | -- | 192,880 | 202,841 | 76,665 |
| Finished Goods | 147,688 | 221,261 | 205,264 | 176,665 |
| Gross Accounts Receivable | 146,031 | 124,187 | 235,434 | 100,997 |
| Interest Payable | 520,398 | 357,256 | 108,562 | 0.00 |
| Machinery Furniture Equipment | 155,401 | 155,401 | 155,401 | 155,401 |
| Other Current Borrowings | 5.9M | 4.9M | 4.1M | 188,216 |
| Other Equity Interest | 4.1M | 5.1M | 4.4M | 3.7M |
| Other Properties | 270,005 | 270,005 | 270,005 | 270,005 |
| Raw Materials | 228,838 | 115,361 | 171,612 | 194,541 |
| Taxes Receivable | 264,344 | 105,427 | 37,212 | -- |
| Total Tax Payable | 144,055 | 6,036 | 638,239 | 600,474 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -2.5M | -3.4M | -2.8M | -4.5M |
| Cash Flow From Continuing Operating Activities | -2.5M | -3.4M | -2.8M | -4.5M |
| Depreciation And Amortization | 46,816 | 51,827 | 51,690 | 51,809 |
| Depreciation Amortization Depletion | 46,816 | 51,827 | 51,690 | 51,809 |
| Stock Based Compensation | 138,404 | 310,033 | 331,751 | 228,400 |
| Change In Working Capital | 185,549 | -129,181 | 1.0M | 39,043 |
| Changes In Account Receivables | -21,842 | -61,249 | -134,437 | -31,295 |
| Change In Receivables | -180,759 | -129,464 | -74,831 | -31,295 |
| Change In Inventory | -39,904 | 155,669 | -5,670 | 550.00 |
| Change In Payables And Accrued Expense | 406,026 | -214,005 | 927,325 | 14,544 |
| Change In Other Working Capital | 767.00 | 58,678 | 132,610 | 52,119 |
| Other Non Cash Items | 1.3M | 2.1M | 1.3M | 738,888 |
| Capital Expenditure | -- | -- | -- | -16,494 |
| Purchase Of PPE | 0.00 | 0.00 | 0.00 | -16,494 |
| Net PPE Purchase And Sale | 0.00 | 0.00 | 0.00 | -16,494 |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | -16,494 |
| Cash Flow From Continuing Investing Activities | 0.00 | 0.00 | 0.00 | -16,494 |
| Issuance Of Debt | 2.2M | 3.0M | 2.9M | 3.8M |
| Repayment Of Debt | -101,196 | -94,442 | -91,309 | -121,646 |
| Net Issuance Payments Of Debt | 2.1M | 3.0M | 2.8M | 3.7M |
| Issuance Of Capital Stock | 425,983 | 413,142 | 0.00 | 926,716 |
| Net Common Stock Issuance | 425,983 | 413,142 | 0.00 | 926,716 |
| Financing Cash Flow | 2.5M | 3.4M | 2.8M | 4.6M |
| Cash Flow From Continuing Financing Activities | 2.5M | 3.4M | 2.8M | 4.6M |
| Changes In Cash | 20,105 | -4,311 | 35,725 | 68,823 |
| Beginning Cash Position | 138,185 | 142,496 | 106,771 | 37,948 |
| End Cash Position | 158,290 | 138,185 | 142,496 | 106,771 |
| Free Cash Flow | -2.5M | -3.4M | -2.8M | -4.5M |
| Amortization Cash Flow | -- | -- | -- | 0.00 |
| Amortization Of Intangibles | -- | -- | -- | 0.00 |
| Change In Prepaid Assets | -581.00 | -59.00 | 38,318 | 3,125 |
| Common Stock Issuance | 425,983 | 413,142 | 0.00 | 926,716 |
| Depreciation | 46,816 | 51,827 | 51,690 | 51,809 |
| Gain Loss On Sale Of Business | 0.00 | -597,814 | 0.00 | -- |
| Interest Paid Cfo | -577,696 | -598,352 | -337,049 | -227,908 |
| Long Term Debt Issuance | 0.00 | 1.9M | 1.5M | 3.6M |
| Long Term Debt Payments | -51,396 | -44,442 | -41,309 | -32,646 |
| Net Income From Continuing Operations | -3.7M | -4.6M | -5.1M | -5.3M |
| Net Long Term Debt Issuance | -51,396 | 1.9M | 1.5M | 3.6M |
| Net Short Term Debt Issuance | 2.2M | 1.1M | 1.4M | 61,000 |
| Operating Gains Losses | -- | -597,814 | -- | -23,400 |
| Proceeds From Stock Option Exercised | 0.00 | 50,000 | 20,000 | 4,428 |
| Short Term Debt Issuance | 2.2M | 1.1M | 1.4M | 150,000 |
| Short Term Debt Payments | -49,800 | -50,000 | -50,000 | -89,000 |