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 | 45.5M | 28.5M | 24.8M | 16.0M |
| Operating Revenue | 45.5M | 28.5M | 24.8M | 16.0M |
| Cost Of Revenue | 32.7M | 24.5M | 14.4M | 5.8M |
| Gross Profit | 12.7M | 4.0M | 10.5M | 10.2M |
| Selling General And Administration | 11.3M | 12.4M | 14.3M | 8.3M |
| General And Administrative Expense | 9.7M | 11.0M | 12.4M | 6.1M |
| Research And Development | 544,000 | 679,000 | 1.5M | 643,000 |
| Depreciation And Amortization In Income Statement | 4.4M | 4.4M | 4.6M | 2.5M |
| Operating Expense | 16.2M | 17.4M | 20.4M | 11.4M |
| Operating Income | -3.4M | -13.5M | -9.9M | -1.2M |
| EBIT | -12.3M | -16.5M | -9.9M | -1.2M |
| Interest Expense | 1.3M | 284,000 | -- | -- |
| Interest Expense Non Operating | 1.3M | 284,000 | -- | -- |
| Interest Income | -- | -- | -- | 2,000 |
| Interest Income Non Operating | -- | -- | -- | 2,000 |
| Net Interest Income | -1.3M | -284,000 | -76,000 | 2,000 |
| Other Income Expense | -8.8M | -3.0M | -413,000 | -583,000 |
| Special Income Charges | -7.7M | -2.4M | -249,000 | -545,000 |
| Restructuring And Mergern Acquisition | 310,000 | -526,000 | 104,000 | 545,000 |
| Write Off | 5.9M | 21,000 | 145,000 | 0.00 |
| Gain On Sale Of Security | -30,000 | -165,000 | -164,000 | -38,000 |
| Earnings From Equity Interest | -1.1M | -527,000 | 0.00 | -- |
| Pretax Income | -13.6M | -16.8M | -10.4M | -1.8M |
| Tax Provision | -22,000 | -11,000 | -484,000 | 0.00 |
| Tax Effect Of Unusual Items | -12,521 | -1,649 | -19,222 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -13.6M | -16.8M | -9.9M | -1.8M |
| Net Income From Continuing Operation Net Minority Interest | -13.6M | -16.8M | -9.9M | -1.8M |
| Net Income Including Noncontrolling Interests | -13.6M | -16.8M | -9.9M | -1.8M |
| Net Income Common Stockholders | -13.6M | -16.8M | -9.9M | -1.8M |
| Net Income | -13.6M | -16.8M | -9.9M | -1.8M |
| EBITDA | -7.7M | -11.8M | -5.3M | 1.4M |
| Normalized EBITDA | 96,000 | -9.3M | -4.8M | 2.0M |
| Reconciled Depreciation | 4.6M | 4.7M | 4.6M | 2.6M |
| Basic EPS | -0.12 | -0.16 | -0.10 | -0.03 |
| Diluted EPS | -0.12 | -0.16 | -0.10 | -0.03 |
| Basic Average Shares | 110.6M | 99.2M | 92.5M | 70.4M |
| Diluted Average Shares | 110.6M | 99.2M | 92.5M | 70.4M |
| Total Unusual Items | -7.8M | -2.5M | -413,000 | -583,000 |
| Total Unusual Items Excluding Goodwill | -7.8M | -2.5M | -413,000 | -583,000 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.05 | 0.00 |
| Normalized Income | -5.9M | -14.3M | -9.5M | -1.2M |
| Depreciation Amortization Depletion Income Statement | 4.4M | 4.4M | 4.6M | 2.5M |
| Diluted NI Availto Com Stockholders | -13.6M | -16.8M | -9.9M | -1.8M |
| Gain On Sale Of Business | 0.00 | -2.8M | 0.00 | -- |
| Gain On Sale Of Ppe | -94,000 | -48,000 | -- | -- |
| Impairment Of Capital Assets | 1.5M | 0.00 | -- | -- |
| Net Income Continuous Operations | -13.6M | -16.8M | -9.9M | -1.8M |
| Net Non Operating Interest Income Expense | -1.3M | -284,000 | -76,000 | 2,000 |
| Other Gand A | 3.1M | 3.9M | 4.5M | 2.0M |
| Reconciled Cost Of Revenue | 32.5M | 24.2M | 14.3M | 5.7M |
| Salaries And Wages | 6.5M | 7.2M | 7.9M | 4.2M |
| Selling And Marketing Expense | 1.6M | 1.4M | 1.9M | 2.1M |
| Total Expenses | 48.9M | 41.9M | 34.7M | 17.2M |
| Total Other Finance Cost | -- | 284,000 | 76,000 | -2,000 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 1.4M | 759,000 | 3.5M | 10.4M |
| Cash Cash Equivalents And Short Term Investments | 1.4M | 759,000 | 3.5M | 10.4M |
| Cash Financial | 1.4M | 759,000 | 3.5M | 10.4M |
| Accounts Receivable | 9.9M | 8.3M | 6.1M | 5.0M |
| Receivables | 11.1M | 9.8M | 9.0M | 6.1M |
| Inventory | 4.4M | 5.8M | 7.4M | 3.7M |
| Prepaid Assets | -- | -- | -- | 578,000 |
| Other Current Assets | 1.4M | 1.6M | 2.1M | 578,000 |
| Current Assets | 18.3M | 17.9M | 22.0M | 20.8M |
| Gross PPE | 7.8M | 8.8M | 9.3M | 4.4M |
| Accumulated Depreciation | -4.9M | -4.1M | -2.9M | -1.9M |
| Net PPE | 2.9M | 4.7M | 6.4M | 2.5M |
| Goodwill | 5.7M | 5.7M | 13.1M | 385,000 |
| Goodwill And Other Intangible Assets | 18.7M | 21.6M | 39.7M | 14.5M |
| Other Intangible Assets | 13.0M | 15.9M | 26.6M | 14.1M |
| Investments And Advances | 0.00 | 5.7M | 0.00 | -- |
| Long Term Equity Investment | 0.00 | 5.7M | 0.00 | -- |
| Other Non Current Assets | 2.1M | 3.1M | 939,000 | -- |
| Total Non Current Assets | 24.1M | 35.9M | 47.9M | 17.0M |
| Total Assets | 42.4M | 53.8M | 69.9M | 37.8M |
| Current Debt | 6.0M | 6.5M | 3.7M | 1.9M |
| Current Debt And Capital Lease Obligation | 6.8M | 7.3M | 4.4M | 2.2M |
| Accounts Payable | 5.8M | 5.1M | 5.8M | 4.4M |
| Payables | 5.8M | 5.1M | 5.8M | 4.4M |
| Payables And Accrued Expenses | 5.8M | 5.1M | 5.8M | 4.4M |
| Current Deferred Revenue | 1.2M | 1.3M | 1.9M | 1.8M |
| Other Current Liabilities | 299,000 | 428,000 | 810,000 | -- |
| Current Liabilities | 14.4M | 14.6M | 13.5M | 8.6M |
| Long Term Debt | 10.1M | 12.6M | 3.8M | 2.7M |
| Long Term Debt And Capital Lease Obligation | 11.5M | 14.7M | 6.3M | 3.8M |
| Long Term Capital Lease Obligation | 1.4M | 2.1M | 2.5M | 1.0M |
| Other Non Current Liabilities | 158,000 | -- | 1.1M | 319,000 |
| Total Non Current Liabilities Net Minority Interest | 12.4M | 15.7M | 8.8M | 5.2M |
| Total Liabilities Net Minority Interest | 26.8M | 30.3M | 22.3M | 13.8M |
| Common Stock | 57.6M | 53.2M | 49.0M | 31.3M |
| Capital Stock | 57.6M | 53.2M | 49.0M | 31.3M |
| Additional Paid In Capital | 6.0M | 4.7M | 3.1M | 1.6M |
| Retained Earnings | -48.6M | -35.0M | -18.8M | -9.7M |
| Gains Losses Not Affecting Retained Earnings | 430,000 | 238,000 | 969,000 | 165,000 |
| Common Stock Equity | 15.5M | 23.5M | 35.1M | 24.0M |
| Stockholders Equity | 15.5M | 23.5M | 35.1M | 24.0M |
| Total Equity Gross Minority Interest | 15.5M | 23.5M | 47.6M | 24.0M |
| Minority Interest | 0.00 | 0.00 | 12.4M | 0.00 |
| Total Capitalization | 25.7M | 36.0M | 38.9M | 26.7M |
| Net Tangible Assets | -3.2M | 1.8M | -4.6M | 9.5M |
| Tangible Book Value | -3.2M | 1.8M | -4.6M | 9.5M |
| Working Capital | 3.9M | 3.3M | 8.4M | 12.1M |
| Invested Capital | 31.7M | 42.5M | 42.6M | 28.6M |
| Total Debt | 18.4M | 22.0M | 10.8M | 6.0M |
| Net Debt | 14.8M | 18.3M | 3.9M | -- |
| Share Issued | 113.2M | 101.9M | 94.4M | 77.2M |
| Ordinary Shares Number | 113.2M | 101.9M | 94.4M | 77.2M |
| Capital Lease Obligations | 2.2M | 2.9M | 3.3M | 1.3M |
| Current Capital Lease Obligation | 826,000 | 796,000 | 785,000 | 262,000 |
| Current Deferred Liabilities | 1.2M | 1.3M | 1.9M | 1.8M |
| Current Provisions | 218,000 | 480,000 | 565,000 | 209,000 |
| Finished Goods | 1.6M | 1.9M | 2.4M | 1.2M |
| Inventories Adjustments Allowances | -80,000 | -78,000 | -35,000 | -45,000 |
| Investmentsin Associatesat Cost | 0.00 | 5.7M | 0.00 | -- |
| Leases | 582,000 | 586,000 | 585,000 | 480,000 |
| Line Of Credit | 2.8M | 2.9M | 2.5M | 0.00 |
| Machinery Furniture Equipment | 668,000 | 662,000 | 790,000 | 443,000 |
| Non Current Accounts Receivable | 343,000 | -- | 770,000 | -- |
| Non Current Deferred Assets | -- | 0.00 | 104,000 | 0.00 |
| Non Current Deferred Liabilities | 770,000 | 1.1M | 1.4M | 1.1M |
| Non Current Deferred Revenue | 653,000 | 881,000 | 1.1M | 822,000 |
| Non Current Deferred Taxes Assets | -- | 0.00 | 104,000 | 0.00 |
| Non Current Deferred Taxes Liabilities | 117,000 | 184,000 | 256,000 | 258,000 |
| Non Current Note Receivables | 0.00 | 693,000 | 0.00 | -- |
| Other Current Borrowings | 3.2M | 3.6M | 1.1M | 1.9M |
| Other Equity Interest | 154,000 | 358,000 | 847,000 | 549,000 |
| Other Properties | 6.6M | 7.6M | 7.9M | 3.5M |
| Other Receivables | 1.1M | 1.4M | 2.9M | 1.1M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 2.1M | 3.1M | 4.2M | 2.2M |
| Work In Process | 757,000 | 891,000 | 822,000 | 280,000 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 3.3M | -11.2M | -8.5M | -1.2M |
| Cash Flow From Continuing Operating Activities | 3.3M | -11.2M | -8.5M | -1.2M |
| Depreciation And Amortization | 4.6M | 4.7M | 4.6M | 2.6M |
| Depreciation Amortization Depletion | 4.6M | 4.7M | 4.6M | 2.6M |
| Stock Based Compensation | 1.0M | 1.0M | 1.6M | 591,000 |
| Deferred Tax | -67,000 | -24,000 | -734,000 | 0.00 |
| Deferred Income Tax | -67,000 | -24,000 | -734,000 | 0.00 |
| Change In Working Capital | 1.3M | -2.9M | -4.2M | -2.5M |
| Change In Receivables | -1.5M | -1.8M | -884,000 | -- |
| Change In Inventory | 1.4M | 818,000 | -3.1M | -- |
| Change In Payables And Accrued Expense | 183,000 | -334,000 | 862,000 | -- |
| Change In Other Working Capital | -- | 60,000 | -- | -- |
| Change In Other Current Assets | 1.2M | -1.6M | -1.1M | -- |
| Other Non Cash Items | 1.6M | -511,000 | 70,000 | -109,000 |
| Capital Expenditure | -1.9M | -4.6M | -7.2M | -3.0M |
| Purchase Of PPE | -56,000 | -728,000 | -2.1M | -595,000 |
| Net PPE Purchase And Sale | 112,000 | -680,000 | -2.0M | -592,000 |
| Purchase Of Business | 0.00 | -826,000 | -3.0M | -346,000 |
| Purchase Of Investment | -- | 0.00 | -1.3M | 0.00 |
| Net Investment Purchase And Sale | -- | 0.00 | -1.3M | 0.00 |
| Investing Cash Flow | -1.7M | -6.1M | -11.5M | -3.3M |
| Cash Flow From Continuing Investing Activities | -1.7M | -6.1M | -11.5M | -3.3M |
| Issuance Of Debt | 2.8M | 18.3M | 3.7M | 1.6M |
| Repayment Of Debt | -7.0M | -6.7M | -4.6M | -421,000 |
| Net Issuance Payments Of Debt | -4.2M | 11.6M | -915,000 | 1.2M |
| Financing Cash Flow | -956,000 | 14.5M | 13.2M | 11.8M |
| Cash Flow From Continuing Financing Activities | -956,000 | 14.5M | 13.2M | 11.8M |
| Changes In Cash | 617,000 | -2.8M | -6.9M | 7.2M |
| Beginning Cash Position | 759,000 | 3.5M | 10.4M | 3.2M |
| End Cash Position | 1.4M | 759,000 | 3.5M | 10.4M |
| Free Cash Flow | 1.4M | -15.8M | -15.7M | -4.2M |
| Interest Paid Supplemental Data | 1.2M | 1.1M | 358,000 | -- |
| Amortization Cash Flow | 3.1M | 3.0M | 3.0M | 1.8M |
| Amortization Of Intangibles | 3.1M | 3.0M | 3.0M | 1.8M |
| Asset Impairment Charge | 7.3M | 0.00 | -- | -- |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | -- |
| Depreciation | 1.5M | 1.7M | 1.7M | 751,000 |
| Gain Loss On Sale Of Business | 1.1M | 3.3M | 0.00 | -- |
| Interest Paid Cff | -1.1M | -1.1M | -76,000 | -- |
| Long Term Debt Issuance | 0.00 | 12.2M | 1.2M | 1.6M |
| Long Term Debt Payments | -4.1M | -991,000 | -2.1M | -421,000 |
| Net Business Purchase And Sale | 0.00 | -826,000 | -3.0M | -346,000 |
| Net Income From Continuing Operations | -13.6M | -16.8M | -9.9M | -1.8M |
| Net Intangibles Purchase And Sale | -1.8M | -3.9M | -5.1M | -2.4M |
| Net Long Term Debt Issuance | -4.1M | 11.2M | -924,000 | 1.2M |
| Net Other Financing Charges | 4.3M | 4.0M | 13.9M | 10.2M |
| Net Other Investing Changes | -- | -686,000 | -2.7M | -- |
| Net Short Term Debt Issuance | -105,000 | 361,000 | 9,000 | 0.00 |
| Operating Gains Losses | 1.1M | 3.3M | -- | -- |
| Proceeds From Stock Option Exercised | 0.00 | 25,000 | 266,000 | 443,000 |
| Purchase Of Intangibles | -1.8M | -3.9M | -5.1M | -2.4M |
| Sale Of PPE | 168,000 | 48,000 | 82,000 | 3,000 |
| Short Term Debt Issuance | 2.8M | 6.1M | 2.5M | 0.00 |
| Short Term Debt Payments | -2.9M | -5.7M | -2.5M | 0.00 |