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 | 46.9M | 51.7M | 27.0M | 3.2M |
| Operating Revenue | 46.9M | 51.7M | 27.0M | 3.2M |
| Cost Of Revenue | 23.8M | 26.0M | 15.4M | 947,361 |
| Gross Profit | 23.1M | 25.7M | 11.6M | 2.3M |
| Selling General And Administration | 16.1M | 23.8M | 17.2M | 10.0M |
| General And Administrative Expense | 15.3M | 22.7M | 15.5M | 9.8M |
| Research And Development | 388,412 | -332,145 | 395,640 | 231,026 |
| Depreciation And Amortization In Income Statement | 1.9M | 2.2M | 1.2M | 3,589 |
| Other Operating Expenses | -- | -332,145 | -- | -- |
| Operating Expense | 18.4M | 25.6M | 18.8M | 10.3M |
| Operating Income | 4.7M | 52,943 | -7.3M | -8.0M |
| EBIT | 6.3M | -2.1M | -9.6M | -13.6M |
| Interest Expense | 2.4M | 3.4M | 468,152 | 347,744 |
| Interest Expense Non Operating | 2.4M | 3.4M | 468,152 | 347,744 |
| Net Interest Income | -2.4M | -3.4M | -468,152 | -366,903 |
| Other Income Expense | 1.6M | -2.1M | -2.4M | -5.5M |
| Other Non Operating Income Expenses | -- | 337,154 | 126,262 | -- |
| Special Income Charges | 682,983 | -4.3M | -3.8M | -2.4M |
| Restructuring And Mergern Acquisition | 876,007 | 3.5M | 2.2M | 3.6M |
| Gain On Sale Of Security | 898,428 | 1.8M | 1.3M | -3.2M |
| Pretax Income | 3.8M | -5.5M | -10.1M | -13.9M |
| Tax Provision | 2.2M | 475,664 | -542,640 | -42,863 |
| Tax Effect Of Unusual Items | 237,212 | -987,327 | -133,891 | -17,081 |
| Net Income From Continuing And Discontinued Operation | 1.6M | -5.9M | -9.5M | -13.9M |
| Net Income From Continuing Operation Net Minority Interest | 1.6M | -5.9M | -9.5M | -13.9M |
| Net Income Including Noncontrolling Interests | 1.6M | -5.9M | -9.5M | -13.9M |
| Net Income Common Stockholders | 1.6M | -5.9M | -9.5M | -13.9M |
| Net Income | 1.6M | -5.9M | -9.5M | -13.9M |
| EBITDA | 8.5M | 440,032 | -7.9M | -13.2M |
| Normalized EBITDA | 6.9M | 2.9M | -5.4M | -7.6M |
| Reconciled Depreciation | 2.2M | 2.5M | 1.7M | 381,668 |
| Basic EPS | 0.02 | -0.08 | -0.15 | -0.35 |
| Diluted EPS | 0.02 | -0.08 | -0.15 | -0.35 |
| Basic Average Shares | 83.0M | 75.6M | 63.4M | 40.1M |
| Diluted Average Shares | 84.7M | 75.6M | 63.4M | 40.1M |
| Total Unusual Items | 1.6M | -2.5M | -2.5M | -5.5M |
| Total Unusual Items Excluding Goodwill | 1.6M | -2.5M | -2.5M | -5.5M |
| Tax Rate For Calcs | 0.15 | 0.40 | 0.05 | 0.00 |
| Normalized Income | 244,360 | -4.5M | -7.2M | -8.3M |
| Amortization | 1.5M | 2.0M | 1.0M | 0.00 |
| Amortization Of Intangibles Income Statement | 1.5M | 2.0M | 1.0M | 0.00 |
| Depreciation Amortization Depletion Income Statement | 1.9M | 2.2M | 1.2M | 3,589 |
| Depreciation Income Statement | 362,848 | 237,728 | 183,010 | 3,589 |
| Diluted NI Availto Com Stockholders | 1.6M | -5.9M | -9.5M | -13.9M |
| Gain On Sale Of Ppe | 3.1M | -74,706 | 0.00 | 1.6M |
| Impairment Of Capital Assets | 0.00 | 250,000 | 2.6M | 569,599 |
| Net Income Continuous Operations | 1.6M | -5.9M | -9.5M | -13.9M |
| Net Non Operating Interest Income Expense | -2.4M | -3.4M | -468,152 | -366,903 |
| Other Gand A | 6.1M | 9.0M | 5.6M | 2.2M |
| Other Special Charges | 1.6M | 466,818 | -985,848 | -196,107 |
| Reconciled Cost Of Revenue | 23.5M | 25.7M | 14.9M | 569,282 |
| Salaries And Wages | 9.1M | 13.7M | 9.9M | 7.6M |
| Selling And Marketing Expense | 833,475 | 1.1M | 1.7M | 265,896 |
| Total Expenses | 42.2M | 51.6M | 34.3M | 11.2M |
| Total Operating Income As Reported | 4.9M | -65,284 | -7.9M | -12.5M |
| Total Other Finance Cost | -- | -- | -- | 19,159 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 2.6M | 2.8M | 3.8M | 9.1M |
| Cash Cash Equivalents And Short Term Investments | 4.6M | 3.1M | 4.3M | 9.1M |
| Cash Financial | 2.6M | 2.8M | 3.8M | 9.1M |
| Other Short Term Investments | 2.0M | 368,530 | 482,610 | 0.00 |
| Accounts Receivable | 4.0M | 7.3M | 3.8M | 518,453 |
| Receivables | 14.0M | 11.2M | 5.0M | 750,256 |
| Prepaid Assets | 979,455 | 665,707 | 325,027 | 340,097 |
| Other Current Assets | -- | -- | 384,430 | 340,097 |
| Current Assets | 20.1M | 15.0M | 14.7M | 10.2M |
| Gross PPE | 161,034 | 280,577 | 446,416 | 15,924 |
| Net PPE | 161,034 | 280,577 | 446,416 | 15,924 |
| Goodwill | 12.5M | 15.9M | 10.9M | 6.9M |
| Goodwill And Other Intangible Assets | 20.5M | 27.6M | 19.0M | 10.9M |
| Other Intangible Assets | 7.9M | 11.6M | 8.0M | 4.0M |
| Investments And Advances | 219,089 | 530,003 | 0.00 | -- |
| Other Non Current Assets | 1.00 | -- | -- | -- |
| Total Non Current Assets | 23.8M | 29.9M | 19.4M | 10.9M |
| Total Assets | 43.9M | 44.8M | 34.2M | 21.1M |
| Current Debt | 5.7M | 3.8M | 2.1M | 765,037 |
| Current Debt And Capital Lease Obligation | 5.7M | 4.0M | 2.3M | 765,037 |
| Accounts Payable | 6.9M | 9.0M | 3.0M | 1.2M |
| Payables | 12.5M | 19.4M | 7.5M | 3.1M |
| Payables And Accrued Expenses | 19.0M | 23.3M | 11.4M | 4.7M |
| Current Accrued Expenses | 6.5M | 3.9M | 4.0M | 1.6M |
| Current Deferred Revenue | 1.7M | 844,219 | 2.5M | 1.3M |
| Other Current Liabilities | 2.2M | -- | -- | -- |
| Current Liabilities | 28.6M | 28.1M | 16.2M | 6.7M |
| Long Term Debt | 8.0M | 15.7M | 14.2M | 653,714 |
| Long Term Debt And Capital Lease Obligation | 8.0M | 15.7M | 14.2M | 653,714 |
| Long Term Capital Lease Obligation | -- | -- | 85,919 | 0.00 |
| Other Non Current Liabilities | -- | 879,915 | 85,919 | -- |
| Total Non Current Liabilities Net Minority Interest | 13.4M | 19.4M | 16.1M | 3.6M |
| Total Liabilities Net Minority Interest | 42.0M | 47.5M | 32.4M | 10.3M |
| Common Stock | 29.2M | 27.8M | 24.2M | 22.6M |
| Capital Stock | 29.2M | 27.8M | 24.2M | 22.6M |
| Additional Paid In Capital | 5.2M | 5.0M | 4.4M | 3.9M |
| Retained Earnings | -29.7M | -31.3M | -25.4M | -15.8M |
| Gains Losses Not Affecting Retained Earnings | -2.8M | -4.1M | -1.4M | 77,164 |
| Other Equity Adjustments | -2.8M | -4.1M | -- | -- |
| Common Stock Equity | 1.9M | -2.6M | 1.8M | 10.8M |
| Stockholders Equity | 1.9M | -2.6M | 1.8M | 10.8M |
| Total Equity Gross Minority Interest | 1.9M | -2.6M | 1.8M | 10.8M |
| Total Capitalization | 9.9M | 13.1M | 16.0M | 11.4M |
| Net Tangible Assets | -18.6M | -30.2M | -17.2M | -109,025 |
| Tangible Book Value | -18.6M | -30.2M | -17.2M | -109,025 |
| Working Capital | -8.5M | -13.1M | -1.5M | 3.5M |
| Invested Capital | 15.7M | 16.9M | 18.1M | 12.2M |
| Total Debt | 13.8M | 19.7M | 16.4M | 1.4M |
| Net Debt | 11.2M | 16.7M | 12.5M | -- |
| Share Issued | 87.3M | 77.8M | 65.1M | 62.0M |
| Ordinary Shares Number | 87.3M | 77.8M | 65.1M | 62.0M |
| Allowance For Doubtful Accounts Receivable | -266,630 | -310,800 | -38,550 | -164,407 |
| Assets Held For Sale Current | 500,278 | 0.00 | -- | -- |
| Capital Lease Obligations | 0.00 | 148,052 | 147,054 | 0.00 |
| Current Capital Lease Obligation | 0.00 | 148,052 | 147,054 | 0.00 |
| Current Deferred Liabilities | 1.7M | 844,219 | 2.5M | 1.3M |
| Derivative Product Liabilities | 0.00 | 397,694 | 334,293 | 1.5M |
| Foreign Currency Translation Adjustments | -- | -4.1M | -1.4M | 77,164 |
| Gross Accounts Receivable | 4.3M | 7.6M | 3.8M | 682,860 |
| Income Tax Payable | -- | -- | -- | 0.00 |
| Liabilities Heldfor Sale Non Current | 788,798 | 0.00 | -- | -- |
| Machinery Furniture Equipment | 161,034 | 195,096 | 212,668 | 15,924 |
| Non Current Accounts Receivable | 2.9M | 1.3M | -- | -- |
| Non Current Deferred Assets | 8,690 | 121,748 | 0.00 | -- |
| Non Current Deferred Liabilities | 3.0M | 1.3M | 455,840 | 35,617 |
| Non Current Deferred Revenue | 585,115 | 4,326 | 22,651 | 10,218 |
| Non Current Deferred Taxes Assets | 8,690 | 121,748 | 0.00 | -- |
| Non Current Deferred Taxes Liabilities | 2.4M | 1.3M | 433,189 | 25,399 |
| Other Current Borrowings | 5.7M | 3.8M | 2.1M | 765,037 |
| Other Payable | 4.2M | 8.2M | 4.5M | 1.9M |
| Other Properties | -- | 85,481 | 233,748 | 20,303 |
| Other Receivables | 8.6M | 2.3M | 984,002 | -- |
| Restricted Cash | -- | 0.00 | 5.1M | 0.00 |
| Taxes Receivable | 1.4M | 1.6M | 215,092 | 231,803 |
| Total Tax Payable | 1.4M | 2.2M | 0.00 | 0.00 |
| Tradeand Other Payables Non Current | 1.6M | 1.1M | 1.1M | 1.4M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 2.8M | -5.4M | -4.9M | -4.5M |
| Cash Flow From Continuing Operating Activities | 2.8M | -5.4M | -4.9M | -4.5M |
| Depreciation And Amortization | 2.2M | 2.5M | 1.7M | 381,668 |
| Depreciation Amortization Depletion | 2.2M | 2.5M | 1.7M | 381,668 |
| Stock Based Compensation | 269,135 | 513,517 | 507,937 | 1.0M |
| Deferred Tax | 2.2M | 475,664 | -542,640 | -36,070 |
| Deferred Income Tax | 2.2M | 475,664 | -542,640 | -36,070 |
| Change In Working Capital | -4.4M | -4.4M | 1.6M | 2.4M |
| Changes In Account Receivables | 1.6M | -900,796 | 485,677 | -319,789 |
| Change In Receivables | -5.1M | 1.2M | 564,289 | -319,789 |
| Change In Payables And Accrued Expense | -8,417 | -4.1M | 178,569 | 2.2M |
| Change In Payable | -1.2M | 1.4M | -1.9M | 943,628 |
| Change In Other Working Capital | 1.4M | -1.9M | 839,508 | 717,209 |
| Change In Other Current Assets | -252,790 | 150,100 | 0.00 | -- |
| Other Non Cash Items | 3.2M | 3.7M | 922,812 | 3.8M |
| Capital Expenditure | -71,811 | -75,716 | -202,909 | -2,842 |
| Purchase Of PPE | -71,811 | -75,716 | -162,174 | -2,842 |
| Net PPE Purchase And Sale | -71,811 | -75,716 | -162,174 | -2,842 |
| Purchase Of Business | -3.6M | -5.2M | -5.7M | -2.4M |
| Purchase Of Investment | -1.5M | -- | -- | -- |
| Sale Of Investment | -- | 289,445 | 230,000 | 0.00 |
| Net Investment Purchase And Sale | -1.5M | 289,445 | 230,000 | 0.00 |
| Investing Cash Flow | 2.4M | 343,371 | -10.8M | -2.4M |
| Cash Flow From Continuing Investing Activities | 2.4M | 343,371 | -10.8M | -2.4M |
| Issuance Of Debt | 0.00 | 6.1M | 12.3M | 2.4M |
| Repayment Of Debt | -5.5M | -6.0M | -816,262 | -1.6M |
| Net Issuance Payments Of Debt | -5.5M | 81,388 | 11.5M | 796,875 |
| Issuance Of Capital Stock | -- | -- | 0.00 | 806,800 |
| Net Common Stock Issuance | -- | -- | 0.00 | 806,800 |
| Financing Cash Flow | -5.5M | 3.3M | 10.7M | 14.6M |
| Cash Flow From Continuing Financing Activities | -5.5M | 3.3M | 10.7M | 14.6M |
| Effect Of Exchange Rate Changes | 124,481 | 720,640 | -328,846 | 77,162 |
| Changes In Cash | -321,105 | -1.8M | -5.0M | 7.8M |
| Beginning Cash Position | 2.8M | 3.8M | 9.1M | 1.3M |
| End Cash Position | 2.6M | 2.8M | 3.8M | 9.1M |
| Free Cash Flow | 2.8M | -5.5M | -5.1M | -4.5M |
| Amortization Cash Flow | 1.8M | 2.3M | 1.5M | 378,079 |
| Amortization Of Intangibles | 1.8M | 2.3M | 1.5M | 378,079 |
| Asset Impairment Charge | 0.00 | 241,074 | 2.6M | 569,599 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 |
| Change In Account Payable | -1.2M | 1.4M | -1.9M | 943,628 |
| Change In Accrued Expense | 1.2M | -5.5M | 2.1M | 1.3M |
| Change In Prepaid Assets | -437,300 | 232,151 | 17,958 | -265,845 |
| Common Stock Issuance | -- | -- | 0.00 | 806,800 |
| Depreciation | 362,848 | 237,728 | 183,010 | 3,589 |
| Earnings Losses From Equity Investments | -- | 0.00 | 57,366 | -- |
| Gain Loss On Investment Securities | -- | -- | -530,310 | 1.3M |
| Gain Loss On Sale Of PPE | -7,984 | 4,333 | 0.00 | -- |
| Interest Paid Cff | 0.00 | -168,000 | 0.00 | 0.00 |
| Long Term Debt Issuance | 0.00 | 6.1M | 12.3M | 2.4M |
| Long Term Debt Payments | -5.5M | -6.0M | -816,262 | -1.6M |
| Net Business Purchase And Sale | -3.6M | -5.2M | -5.7M | -2.4M |
| Net Foreign Currency Exchange Gain Loss | 876,006 | -2.6M | -1.6M | -771.00 |
| Net Income From Continuing Operations | 1.6M | -5.9M | -9.5M | -13.9M |
| Net Intangibles Purchase And Sale | -- | 0.00 | -40,735 | 0.00 |
| Net Long Term Debt Issuance | -5.5M | 81,388 | 11.5M | 796,875 |
| Net Other Financing Charges | -- | 3.4M | -764,850 | 13.0M |
| Net Other Investing Changes | 7.5M | 5.4M | -5.1M | -- |
| Operating Gains Losses | -2.3M | -2.5M | -2.1M | 1.3M |
| Proceeds From Stock Option Exercised | -- | 0.00 | 5,408 | 0.00 |
| Purchase Of Intangibles | -- | 0.00 | -40,735 | 0.00 |