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 | 1.4M | 951,908 | 721,588 | 177,589 |
| Operating Revenue | 1.4M | 951,908 | 721,588 | 177,589 |
| Cost Of Revenue | 1.7M | 1.2M | 1.4M | 6.0M |
| Gross Profit | -334,348 | -288,794 | -712,063 | -5.8M |
| Selling General And Administration | 5.7M | 5.1M | 6.2M | 6.1M |
| General And Administrative Expense | 5.1M | 4.7M | 5.2M | 4.7M |
| Research And Development | 8.6M | 7.1M | 7.7M | 6.4M |
| Depreciation And Amortization In Income Statement | -- | -- | -- | 278,753 |
| Other Operating Expenses | -- | -- | -- | 4.3M |
| Operating Expense | 14.3M | 12.2M | 13.9M | 12.5M |
| Operating Income | -14.6M | -12.5M | -14.6M | -18.4M |
| EBIT | -14.4M | -11.8M | -14.0M | -26.3M |
| Interest Expense | 239,760 | 235,864 | 247,925 | 358,638 |
| Interest Expense Non Operating | 239,760 | 235,864 | 247,925 | 358,638 |
| Interest Income | 236,980 | 715,397 | 560,282 | 92,688 |
| Interest Income Non Operating | 236,980 | 715,397 | 560,282 | 92,688 |
| Net Interest Income | -2,780 | 479,533 | 312,357 | -265,950 |
| Other Income Expense | -- | -- | -- | -8.0M |
| Special Income Charges | -- | -- | 0.00 | -8.0M |
| Restructuring And Mergern Acquisition | -- | -- | 0.00 | 8.0M |
| Pretax Income | -14.6M | -12.0M | -14.3M | -26.6M |
| Tax Provision | -53,000 | 0.00 | -- | -- |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -14.6M | -12.0M | -14.3M | -26.6M |
| Net Income From Continuing Operation Net Minority Interest | -14.6M | -12.0M | -14.3M | -26.6M |
| Net Income Including Noncontrolling Interests | -14.6M | -12.0M | -14.3M | -26.6M |
| Net Income Common Stockholders | -14.6M | -12.0M | -14.3M | -26.6M |
| Net Income | -14.6M | -12.0M | -14.3M | -26.6M |
| EBITDA | -13.5M | -10.9M | -13.3M | -26.0M |
| Normalized EBITDA | -13.5M | -10.9M | -13.3M | -18.0M |
| Reconciled Depreciation | 949,737 | 872,379 | 708,129 | 278,753 |
| Basic EPS | -0.64 | -0.52 | -0.62 | -1.36 |
| Diluted EPS | -0.64 | -0.52 | -0.62 | -1.36 |
| Basic Average Shares | 22.9M | 22.9M | 22.9M | 19.6M |
| Diluted Average Shares | 22.9M | 22.9M | 22.9M | 19.6M |
| Total Unusual Items | -- | -- | 0.00 | -8.0M |
| Total Unusual Items Excluding Goodwill | -- | -- | 0.00 | -8.0M |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -14.6M | -12.0M | -14.3M | -18.6M |
| Depreciation Amortization Depletion Income Statement | -- | -- | -- | 278,753 |
| Diluted NI Availto Com Stockholders | -14.6M | -12.0M | -14.3M | -26.6M |
| Net Income Continuous Operations | -14.6M | -12.0M | -14.3M | -26.6M |
| Net Non Operating Interest Income Expense | -2,780 | 479,533 | 312,357 | -265,950 |
| Other Gand A | 5.1M | 4.7M | 5.2M | 4.7M |
| Reconciled Cost Of Revenue | 1.7M | 1.2M | 1.4M | 6.0M |
| Selling And Marketing Expense | 532,295 | 466,379 | 969,606 | 1.4M |
| Total Expenses | 16.0M | 13.4M | 15.3M | 18.5M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 3.6M | 10.9M | 22.1M | 39.2M |
| Cash Cash Equivalents And Short Term Investments | 3.6M | 10.9M | 22.1M | 39.2M |
| Accounts Receivable | 316,121 | 1.4M | 154,094 | 893,894 |
| Receivables | 392,420 | 1.5M | 715,635 | 1.0M |
| Inventory | 3.0M | 3.3M | 2.9M | 2.0M |
| Prepaid Assets | 372,407 | 520,360 | 398,110 | 1.2M |
| Current Assets | 7.4M | 16.2M | 26.1M | 43.4M |
| Gross PPE | 9.7M | 9.9M | 7.4M | 3.3M |
| Accumulated Depreciation | -2.4M | -1.6M | -831,519 | -329,238 |
| Net PPE | 7.3M | 8.3M | 6.5M | 3.0M |
| Goodwill | 0.00 | 0.00 | 82,204 | 82,204 |
| Goodwill And Other Intangible Assets | 624,660 | 724,657 | 941,244 | 1.1M |
| Other Intangible Assets | 624,660 | 724,657 | 859,040 | 1.1M |
| Total Non Current Assets | 8.1M | 9.2M | 7.6M | 4.2M |
| Total Assets | 15.5M | 25.4M | 33.7M | 47.7M |
| Current Debt | 22,562 | 62,850 | 137,709 | 197,409 |
| Current Debt And Capital Lease Obligation | 136,624 | 153,584 | 204,817 | 252,256 |
| Accounts Payable | 1.0M | 494,473 | 56,699 | 1.5M |
| Payables | 1.0M | 521,750 | 116,283 | 1.6M |
| Payables And Accrued Expenses | 3.1M | 1.7M | 1.1M | 2.3M |
| Current Accrued Expenses | 2.0M | 1.2M | 977,647 | 729,695 |
| Current Deferred Revenue | 3.3M | 2.7M | 45,000 | 1.8M |
| Other Current Liabilities | -- | -- | 14,968 | -- |
| Current Liabilities | 6.5M | 4.6M | 1.5M | 4.4M |
| Long Term Debt | 3.0M | 22,539 | 85,682 | 163,678 |
| Long Term Debt And Capital Lease Obligation | 4.5M | 1.7M | 1.8M | 2.0M |
| Long Term Capital Lease Obligation | 1.5M | 1.7M | 1.8M | 1.8M |
| Other Non Current Liabilities | -- | -- | 48,216 | 63,184 |
| Total Non Current Liabilities Net Minority Interest | 10.4M | 8.2M | 8.4M | 7.1M |
| Total Liabilities Net Minority Interest | 16.8M | 12.8M | 9.8M | 11.5M |
| Common Stock | 76.4M | 76.4M | 76.4M | 76.4M |
| Capital Stock | 76.4M | 76.4M | 76.4M | 76.4M |
| Additional Paid In Capital | 6.6M | 6.0M | 5.3M | 3.3M |
| Retained Earnings | -84.4M | -69.8M | -57.8M | -43.5M |
| Common Stock Equity | -1.4M | 12.6M | 23.9M | 36.2M |
| Stockholders Equity | -1.4M | 12.6M | 23.9M | 36.2M |
| Total Equity Gross Minority Interest | -1.4M | 12.6M | 23.9M | 36.2M |
| Total Capitalization | 1.6M | 12.6M | 24.0M | 36.4M |
| Net Tangible Assets | -2.0M | 11.9M | 23.0M | 35.0M |
| Tangible Book Value | -2.0M | 11.9M | 23.0M | 35.0M |
| Working Capital | 938,460 | 11.6M | 24.6M | 39.0M |
| Invested Capital | 1.7M | 12.7M | 24.1M | 36.5M |
| Total Debt | 4.7M | 1.8M | 2.0M | 2.2M |
| Share Issued | 22.9M | 22.9M | 22.9M | 22.9M |
| Ordinary Shares Number | 22.9M | 22.9M | 22.9M | 22.9M |
| Capital Lease Obligations | 1.7M | 1.7M | 1.8M | 1.9M |
| Construction In Progress | 1.4M | 2.2M | 582,941 | 330,692 |
| Current Capital Lease Obligation | 114,062 | 90,734 | 67,108 | 54,847 |
| Current Deferred Liabilities | 3.3M | 2.7M | 45,000 | 1.8M |
| Current Provisions | -- | 70,000 | 97,245 | 81,406 |
| Finished Goods | -- | -- | 0.00 | 810,866 |
| Inventories Adjustments Allowances | -- | -- | -- | -1.5M |
| Leases | 355,932 | 334,516 | 296,230 | 172,452 |
| Line Of Credit | -- | -- | 60,000 | 60,000 |
| Loans Receivable | 24,153 | 25,083 | 34,228 | -- |
| Long Term Provisions | 3.1M | 3.8M | 3.8M | 3.8M |
| Machinery Furniture Equipment | 419,528 | 352,273 | 277,640 | 203,219 |
| Non Current Accounts Receivable | -- | -- | 73,720 | -- |
| Non Current Deferred Liabilities | 2.7M | 2.8M | 2.7M | 1.2M |
| Non Current Deferred Revenue | 2.7M | 2.8M | 2.7M | 1.2M |
| Non Current Note Receivables | 26,011 | 50,164 | 73,720 | -- |
| Non Current Prepaid Assets | 94,332 | 94,578 | 90,328 | 97,528 |
| Other Current Borrowings | 22,562 | 62,850 | 137,709 | 197,409 |
| Other Payable | 40,004 | 27,277 | 59,584 | 78,510 |
| Other Properties | 7.5M | 7.1M | 6.2M | 2.6M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 2.0M | 2.5M | 1.9M | 1.0M |
| Taxes Receivable | 52,146 | 56,655 | 527,313 | 119,763 |
| Work In Process | 1.1M | 810,866 | 1.0M | 140,937 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -10.0M | -8.2M | -12.6M | -12.6M |
| Cash Flow From Continuing Operating Activities | -10.0M | -8.2M | -12.6M | -12.6M |
| Depreciation And Amortization | 949,737 | 872,379 | 708,129 | 278,753 |
| Depreciation Amortization Depletion | 949,737 | 872,379 | 708,129 | 278,753 |
| Stock Based Compensation | 473,521 | 601,560 | 1.9M | 2.6M |
| Deferred Tax | -53,000 | 0.00 | -- | -- |
| Deferred Income Tax | -53,000 | 0.00 | -- | -- |
| Change In Working Capital | 2.6M | 906,956 | -2.1M | -3.1M |
| Changes In Account Receivables | 1.1M | -771,143 | 104,539 | -681,303 |
| Change In Receivables | 1.1M | -771,143 | 224,302 | -747,750 |
| Change In Inventory | -468,185 | -1.1M | -1.7M | -460,444 |
| Change In Payables And Accrued Expense | 1.3M | 620,552 | -1.2M | 2.0M |
| Change In Payable | 1.3M | 620,552 | -1.2M | 2.0M |
| Change In Other Working Capital | 485,188 | 2.3M | -256,300 | -2.5M |
| Change In Other Current Liabilities | 0.00 | -63,184 | 0.00 | -- |
| Other Non Cash Items | -454,338 | -27,107 | -199,857 | 7.6M |
| Capital Expenditure | -691,038 | -2.5M | -4.0M | -1.1M |
| Purchase Of PPE | -691,038 | -2.5M | -4.0M | -1.1M |
| Net PPE Purchase And Sale | -678,038 | -2.5M | -4.0M | -1.1M |
| Purchase Of Business | -- | -- | 0.00 | -432,570 |
| Investing Cash Flow | -678,038 | -2.5M | -4.0M | -1.5M |
| Cash Flow From Continuing Investing Activities | -678,038 | -2.5M | -4.0M | -1.5M |
| Issuance Of Debt | 3.7M | 0.00 | 0.00 | 20,000 |
| Repayment Of Debt | -377,193 | -425,683 | -440,466 | -5.2M |
| Net Issuance Payments Of Debt | 3.4M | -425,683 | -440,466 | -5.2M |
| Issuance Of Capital Stock | -- | -- | 0.00 | 57.2M |
| Repurchase Of Capital Stock | -- | -- | -- | 0.00 |
| Net Common Stock Issuance | -- | -- | 0.00 | 57.2M |
| Common Stock Payments | -- | -- | -- | 0.00 |
| Financing Cash Flow | 3.4M | -425,683 | -440,466 | 52.2M |
| Cash Flow From Continuing Financing Activities | 3.4M | -425,683 | -440,466 | 52.2M |
| Changes In Cash | -7.3M | -11.2M | -17.1M | 38.1M |
| Beginning Cash Position | 10.9M | 22.1M | 39.2M | 1.1M |
| End Cash Position | 3.6M | 10.9M | 22.1M | 39.2M |
| Free Cash Flow | -10.7M | -10.7M | -16.7M | -13.7M |
| Amortization Cash Flow | 99,997 | 135,158 | 205,544 | -- |
| Amortization Of Intangibles | 99,997 | 135,158 | 205,544 | -- |
| Asset Impairment Charge | 1.5M | 721,440 | 789,893 | 5.9M |
| Change In Prepaid Assets | 148,199 | -126,500 | 834,796 | -1.4M |
| Common Stock Issuance | -- | -- | 0.00 | 57.2M |
| Depreciation | 849,740 | 737,221 | 502,585 | -- |
| Gain Loss On Investment Securities | -- | -- | -- | 614,700 |
| Gain Loss On Sale Of PPE | 23,760 | 0.00 | -- | -- |
| Interest Paid Cfo | -- | -- | 0.00 | -9,056 |
| Interest Received Cfo | 236,980 | 715,397 | 560,282 | 92,688 |
| Long Term Debt Issuance | 3.7M | 0.00 | 0.00 | 20,000 |
| Long Term Debt Payments | -377,193 | -425,683 | -440,466 | -5.2M |
| Net Business Purchase And Sale | -- | -- | 0.00 | -432,570 |
| Net Income From Continuing Operations | -14.6M | -12.0M | -14.3M | -26.6M |
| Net Intangibles Purchase And Sale | 0.00 | -775.00 | -7,737 | -46,846 |
| Net Long Term Debt Issuance | 3.4M | -425,683 | -440,466 | -5.2M |
| Net Other Financing Charges | -- | -- | -- | 156,789 |
| Operating Gains Losses | 23,760 | -- | -- | 614,700 |
| Proceeds From Stock Option Exercised | -- | -- | 0.00 | 55,000 |
| Provisionand Write Offof Assets | -700,000 | 0.00 | -- | 4.3M |
| Purchase Of Intangibles | 0.00 | -775.00 | -7,737 | -46,846 |
| Sale Of PPE | 13,000 | 0.00 | 0.00 | 875.00 |