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 | 92.1M | 65.9M | 63.4M | 35.5M |
| Operating Revenue | 92.1M | 65.9M | 63.4M | 35.5M |
| Cost Of Revenue | 45.7M | 41.9M | 51.3M | 23.0M |
| Gross Profit | 46.4M | 24.0M | 12.0M | 12.5M |
| Selling General And Administration | 8.5M | 6.6M | 6.2M | 6.3M |
| General And Administrative Expense | 8.5M | 6.6M | 6.2M | 6.3M |
| Depreciation And Amortization In Income Statement | 127,000 | 103,000 | 59,000 | 20,000 |
| Other Operating Expenses | 3.5M | 4.5M | 11.4M | 6.0M |
| Operating Expense | 12.1M | 11.7M | 17.6M | 12.3M |
| Operating Income | 34.3M | 12.3M | -5.6M | 111,000 |
| EBIT | 30.1M | 9.8M | -8.2M | 11.8M |
| Interest Expense | 777,000 | 937,000 | 1.7M | 1.3M |
| Interest Expense Non Operating | 777,000 | 937,000 | 1.7M | 1.3M |
| Interest Income | 48,000 | 20,000 | 2,000 | 133,000 |
| Interest Income Non Operating | 48,000 | 20,000 | 2,000 | 133,000 |
| Net Interest Income | -729,000 | -1.3M | -2.2M | -1.3M |
| Other Income Expense | -4.2M | -2.1M | -2.0M | 11.7M |
| Other Non Operating Income Expenses | -577,000 | -- | -- | -- |
| Special Income Charges | 0.00 | -1.2M | -2.2M | 12.0M |
| Write Off | 0.00 | 1.2M | 2.2M | 0.00 |
| Gain On Sale Of Security | -3.6M | -943,000 | 168,000 | -355,000 |
| Pretax Income | 29.3M | 8.9M | -9.9M | 10.5M |
| Tax Provision | 10.2M | 2.1M | 2.1M | 501,000 |
| Tax Effect Of Unusual Items | -1.3M | -495,487 | -532,587 | 557,975 |
| Net Income From Continuing And Discontinued Operation | 19.2M | 6.8M | -12.0M | 10.0M |
| Net Income From Continuing Operation Net Minority Interest | 19.2M | 6.8M | -12.0M | 10.0M |
| Net Income Including Noncontrolling Interests | 19.2M | 6.8M | -12.0M | 10.0M |
| Net Income Common Stockholders | 19.2M | 6.8M | -12.0M | 10.0M |
| Net Income | 19.2M | 6.8M | -12.0M | 10.0M |
| EBITDA | 37.8M | 23.3M | 12.2M | 19.0M |
| Normalized EBITDA | 41.4M | 25.4M | 14.3M | 7.3M |
| Reconciled Depreciation | 7.7M | 13.5M | 20.5M | 7.2M |
| Basic EPS | 0.27 | 0.10 | -0.18 | 0.15 |
| Diluted EPS | 0.26 | 0.10 | -0.18 | 0.15 |
| Basic Average Shares | 72.1M | 65.8M | 65.8M | 65.8M |
| Diluted Average Shares | 73.7M | 66.5M | 65.8M | 65.8M |
| Total Unusual Items | -3.6M | -2.1M | -2.0M | 11.7M |
| Total Unusual Items Excluding Goodwill | -3.6M | -2.1M | -2.0M | 11.7M |
| Tax Rate For Calcs | 0.35 | 0.23 | 0.26 | 0.05 |
| Normalized Income | 21.5M | 8.4M | -10.5M | -1.1M |
| Depreciation Amortization Depletion Income Statement | 127,000 | 103,000 | 59,000 | 20,000 |
| Depreciation Income Statement | 127,000 | 103,000 | 59,000 | 20,000 |
| Diluted NI Availto Com Stockholders | 19.2M | 6.8M | -12.0M | 10.0M |
| Gain On Sale Of Business | -- | -- | 0.00 | 12.0M |
| Gain On Sale Of Ppe | -- | -- | -- | 0.00 |
| Insurance And Claims | 470,000 | 483,000 | 418,000 | 288,000 |
| Net Income Continuous Operations | 19.2M | 6.8M | -12.0M | 10.0M |
| Net Non Operating Interest Income Expense | -729,000 | -1.3M | -2.2M | -1.3M |
| Other Gand A | 1.9M | 1.6M | 1.8M | 2.4M |
| Other Taxes | 22,000 | 453,000 | 0.00 | -- |
| Reconciled Cost Of Revenue | 38.1M | 28.6M | 30.9M | 15.8M |
| Rent And Landing Fees | 6,000 | 3,000 | 19,000 | 62,000 |
| Rent Expense Supplemental | 6,000 | 3,000 | 19,000 | 62,000 |
| Salaries And Wages | 6.2M | 4.6M | 4.0M | 3.6M |
| Total Expenses | 57.8M | 53.6M | 69.0M | 35.4M |
| Total Operating Income As Reported | 46.4M | 22.8M | 9.8M | 12.5M |
| Total Other Finance Cost | -- | 400,000 | 565,000 | 143,000 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 14.5M | 1.5M | 523,000 | 1.9M |
| Cash Cash Equivalents And Short Term Investments | 14.5M | 1.5M | 523,000 | 1.9M |
| Accounts Receivable | 321,000 | 304,000 | 1.1M | 6,000 |
| Receivables | 381,000 | 511,000 | 1.2M | 38,000 |
| Inventory | 11.1M | 13.8M | 10.0M | 6.9M |
| Prepaid Assets | 1.4M | 591,000 | 884,000 | 801,000 |
| Current Assets | 27.4M | 16.7M | 12.9M | 9.9M |
| Gross PPE | 122.3M | 68.5M | 63.6M | 54.0M |
| Accumulated Depreciation | -52.5M | -48.0M | -31.4M | -9.5M |
| Net PPE | 69.8M | 20.5M | 32.3M | 44.5M |
| Other Non Current Assets | 9.9M | 4.6M | 3,000 | 251,000 |
| Total Non Current Assets | 79.7M | 25.1M | 32.3M | 45.0M |
| Total Assets | 107.1M | 41.8M | 45.2M | 55.0M |
| Current Debt | -- | -- | 368,000 | 366,000 |
| Current Debt And Capital Lease Obligation | 1.9M | 3.2M | 3.3M | 4.3M |
| Accounts Payable | 10.0M | 5.9M | 10.9M | 4.4M |
| Payables | 14.7M | 6.2M | 11.2M | 4.6M |
| Payables And Accrued Expenses | 14.7M | 6.4M | 12.2M | 4.6M |
| Current Accrued Expenses | 0.00 | 200,000 | 1.1M | 0.00 |
| Other Current Liabilities | -- | -- | 18,000 | -- |
| Current Liabilities | 16.6M | 9.7M | 16.2M | 10.0M |
| Long Term Debt | 4.8M | 7.5M | 12.3M | 17.4M |
| Long Term Debt And Capital Lease Obligation | 4.9M | 7.7M | 12.5M | 17.4M |
| Long Term Capital Lease Obligation | 69,000 | 168,000 | 238,000 | 0.00 |
| Total Non Current Liabilities Net Minority Interest | 13.6M | 11.5M | 15.3M | 19.0M |
| Total Liabilities Net Minority Interest | 30.2M | 21.2M | 31.5M | 29.0M |
| Common Stock | 121.8M | 87.9M | 88.0M | 88.3M |
| Capital Stock | 121.8M | 87.9M | 88.0M | 88.3M |
| Additional Paid In Capital | 16.3M | 12.6M | 12.1M | 11.6M |
| Retained Earnings | -64.0M | -81.1M | -87.8M | -75.7M |
| Gains Losses Not Affecting Retained Earnings | 2.8M | 1.3M | 1.4M | 1.8M |
| Other Equity Adjustments | 2.8M | 1.3M | 1.4M | 1.8M |
| Common Stock Equity | 76.9M | 20.6M | 13.7M | 26.0M |
| Stockholders Equity | 76.9M | 20.6M | 13.7M | 26.0M |
| Total Equity Gross Minority Interest | 76.9M | 20.6M | 13.7M | 26.0M |
| Total Capitalization | 81.7M | 28.1M | 25.9M | 43.4M |
| Net Tangible Assets | 76.9M | 20.6M | 13.7M | 26.0M |
| Tangible Book Value | 76.9M | 20.6M | 13.7M | 26.0M |
| Working Capital | 10.8M | 7.1M | -3.3M | -77,000 |
| Invested Capital | 81.7M | 28.1M | 26.3M | 43.7M |
| Total Debt | 6.8M | 10.9M | 15.8M | 21.7M |
| Net Debt | -- | 6.0M | 12.1M | 15.8M |
| Share Issued | 79.2M | 65.6M | 65.7M | 65.9M |
| Ordinary Shares Number | 79.2M | 65.6M | 65.7M | 65.9M |
| Buildings And Improvements | -- | -- | -- | 164,000 |
| Capital Lease Obligations | 166,000 | 256,000 | 337,000 | 0.00 |
| Construction In Progress | -- | -- | 0.00 | 0.00 |
| Current Capital Lease Obligation | 97,000 | 88,000 | 99,000 | 0.00 |
| Current Provisions | -- | -- | 689,000 | 1.0M |
| Dueto Related Parties Current | 312,000 | 23,000 | 56,000 | 219,000 |
| Financial Assets | -- | -- | 0.00 | 263,000 |
| Finished Goods | 232,000 | 278,000 | 261,000 | 164,000 |
| Hedging Assets Current | 33,000 | 265,000 | 346,000 | 284,000 |
| Income Tax Payable | 4.3M | 271,000 | 208,000 | 0.00 |
| Land And Improvements | -- | -- | -- | 3.1M |
| Long Term Provisions | 4.4M | 3.1M | 1.9M | 1.2M |
| Machinery Furniture Equipment | 39.2M | 38.7M | 38.7M | 38.0M |
| Non Current Accrued Expenses | 1.1M | 775,000 | 893,000 | 368,000 |
| Non Current Deferred Liabilities | 3.2M | 0.00 | -- | -- |
| Non Current Deferred Taxes Liabilities | 3.2M | 0.00 | -- | -- |
| Non Current Prepaid Assets | -- | 289,000 | 3,000 | 251,000 |
| Other Current Borrowings | -- | -- | 368,000 | 366,000 |
| Other Properties | 14.0M | 10.0M | 9.3M | 4.9M |
| Other Receivables | 60,000 | 207,000 | 82,000 | 32,000 |
| Raw Materials | 9.4M | 12.3M | 8.1M | 5.1M |
| Total Tax Payable | 4.3M | 271,000 | 208,000 | 0.00 |
| Work In Process | 1.5M | 1.2M | 1.6M | 1.6M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 34.5M | 12.5M | 16.4M | 2.6M |
| Cash Flow From Continuing Operating Activities | 34.5M | 12.5M | 16.4M | 2.6M |
| Depreciation Amortization Depletion | 7.7M | 13.5M | 20.5M | 7.2M |
| Stock Based Compensation | 1.0M | 650,000 | 544,000 | 340,000 |
| Deferred Tax | 3.2M | 0.00 | -- | -- |
| Deferred Income Tax | 3.2M | 0.00 | -- | -- |
| Change In Working Capital | -1.7M | -12.4M | 3.2M | -3.9M |
| Change In Receivables | -79,000 | 412,000 | -921,000 | -147,000 |
| Change In Inventory | -5.8M | -10.1M | 3.5M | -4.1M |
| Change In Payables And Accrued Expense | 4.4M | -3.0M | 685,000 | 1.1M |
| Change In Payable | 4.4M | -3.0M | 685,000 | 1.1M |
| Change In Other Working Capital | -- | -- | -- | -176,000 |
| Other Non Cash Items | 971,000 | 1.5M | 2.1M | 1.4M |
| Capital Expenditure | -12.9M | -4.8M | -8.8M | -8.4M |
| Purchase Of PPE | -- | -- | -- | -8.4M |
| Net PPE Purchase And Sale | -- | -- | -- | 0.00 |
| Purchase Of Business | -824,000 | 0.00 | 0.00 | -13,000 |
| Sale Of Business | 517,000 | 0.00 | -- | -- |
| Investing Cash Flow | -13.2M | -4.8M | -8.8M | -6.3M |
| Cash Flow From Continuing Investing Activities | -13.2M | -4.8M | -8.8M | -6.3M |
| Issuance Of Debt | 0.00 | 8.0M | 0.00 | 14.0M |
| Repayment Of Debt | -5.2M | -14.3M | -8.5M | -11.5M |
| Net Issuance Payments Of Debt | -5.2M | -6.3M | -8.5M | 2.5M |
| Issuance Of Capital Stock | -- | -- | -- | 0.00 |
| Repurchase Of Capital Stock | -4.7M | -413,000 | -495,000 | 0.00 |
| Net Common Stock Issuance | -4.7M | -413,000 | -495,000 | 0.00 |
| Common Stock Payments | -4.7M | -413,000 | -495,000 | 0.00 |
| Financing Cash Flow | -8.2M | -6.8M | -9.0M | 3.1M |
| Cash Flow From Continuing Financing Activities | -8.2M | -6.8M | -9.0M | 3.1M |
| Effect Of Exchange Rate Changes | -10,000 | 20,000 | -16,000 | -76,000 |
| Changes In Cash | 13.0M | 955,000 | -1.4M | -613,000 |
| Beginning Cash Position | 1.5M | 523,000 | 1.9M | 2.6M |
| End Cash Position | 14.5M | 1.5M | 523,000 | 1.9M |
| Free Cash Flow | 21.6M | 7.7M | 7.6M | 2.6M |
| Asset Impairment Charge | 0.00 | 1.2M | 2.2M | 0.00 |
| Capital Expenditure Reported | -12.9M | -4.8M | -8.8M | -8.4M |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | -- |
| Change In Account Payable | 4.1M | -2.9M | 660,000 | 716,000 |
| Change In Prepaid Assets | -143,000 | 251,000 | -52,000 | -620,000 |
| Common Stock Issuance | -- | -- | -- | 0.00 |
| Gain Loss On Investment Securities | 2.0M | 994,000 | 131,000 | -458,000 |
| Gain Loss On Sale Of Business | -- | -- | 0.00 | -12.0M |
| Gain Loss On Sale Of PPE | -- | -- | -- | 0.00 |
| Interest Paid Cff | -371,000 | -34,000 | 0.00 | -- |
| Long Term Debt Issuance | 0.00 | 8.0M | 0.00 | 14.0M |
| Long Term Debt Payments | -5.2M | -14.3M | -8.5M | -11.5M |
| Net Business Purchase And Sale | -307,000 | 0.00 | 0.00 | -13,000 |
| Net Foreign Currency Exchange Gain Loss | 2.0M | 278,000 | -343,000 | 24,000 |
| Net Income From Continuing Operations | 19.2M | 6.8M | -12.0M | 10.0M |
| Net Long Term Debt Issuance | -5.2M | -6.3M | -8.5M | 2.5M |
| Net Other Financing Charges | -500,000 | -- | -- | -- |
| Net Other Investing Changes | -- | -- | -8.8M | -6.3M |
| Operating Gains Losses | 4.1M | 1.3M | -212,000 | -12.4M |
| Proceeds From Stock Option Exercised | 2.5M | 0.00 | 0.00 | 621,000 |
| Provisionand Write Offof Assets | -- | -- | -- | 0.00 |
| Sale Of PPE | -- | -- | -- | 0.00 |