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 | 59.1M | 59.4M | 64.6M | 36.6M |
| Operating Revenue | 59.1M | 59.4M | 64.6M | 36.6M |
| Cost Of Revenue | 51.4M | 54.3M | 59.7M | 34.1M |
| Gross Profit | 7.8M | 5.1M | 5.0M | 2.5M |
| Selling General And Administration | 14.5M | 10.9M | 9.3M | 6.6M |
| General And Administrative Expense | 13.8M | 10.1M | 8.0M | 5.7M |
| Research And Development | 877,215 | 1.8M | 2.5M | 1.4M |
| Depreciation And Amortization In Income Statement | 317,321 | 566,577 | 269,899 | 106,584 |
| Other Operating Expenses | -- | -- | -- | -99,243 |
| Operating Expense | 15.7M | 13.3M | 12.0M | 8.0M |
| Operating Income | -7.9M | -8.2M | -7.0M | -5.5M |
| EBIT | -10.4M | -10.6M | -8.1M | -6.4M |
| Interest Expense | 1.1M | 874,914 | 311,320 | 6,522 |
| Interest Expense Non Operating | 1.1M | 874,914 | 311,320 | 6,522 |
| Net Interest Income | -1.3M | -1.1M | -599,694 | -347,794 |
| Other Income Expense | -2.2M | -2.3M | -818,239 | -581,195 |
| Other Non Operating Income Expenses | 735,371 | 65,898 | -- | -- |
| Special Income Charges | -2.7M | -2.8M | -665,698 | -520,171 |
| Restructuring And Mergern Acquisition | 461,645 | 434,328 | 665,698 | 496,994 |
| Write Off | -3,456 | -124.00 | 0.00 | 23,177 |
| Gain On Sale Of Security | -235,268 | 442,362 | -152,541 | -61,024 |
| Pretax Income | -11.5M | -11.5M | -8.5M | -6.4M |
| Tax Provision | 25,568 | -31,121 | -4,591 | -146,173 |
| Tax Effect Of Unusual Items | -445,415 | -6,291 | -444.50 | -13,225 |
| Net Income From Continuing And Discontinued Operation | -11.5M | -11.5M | -8.4M | -6.3M |
| Net Income From Continuing Operation Net Minority Interest | -11.5M | -11.5M | -8.4M | -6.3M |
| Net Income Including Noncontrolling Interests | -11.5M | -11.5M | -8.4M | -6.3M |
| Net Income Common Stockholders | -11.5M | -11.5M | -8.4M | -6.3M |
| Net Income | -11.5M | -11.5M | -8.4M | -6.3M |
| EBITDA | -10.1M | -10.1M | -7.9M | -6.3M |
| Normalized EBITDA | -7.1M | -7.7M | -7.1M | -5.7M |
| Reconciled Depreciation | 317,321 | 566,577 | 269,899 | 106,584 |
| Basic EPS | -0.31 | -1.21 | -1.20 | -1.00 |
| Diluted EPS | -0.31 | -1.21 | -1.20 | -1.00 |
| Basic Average Shares | 37.5M | 9.5M | 7.2M | 6.0M |
| Diluted Average Shares | 37.5M | 9.5M | 7.2M | 6.0M |
| Total Unusual Items | -3.0M | -2.3M | -818,239 | -581,195 |
| Total Unusual Items Excluding Goodwill | -3.0M | -2.3M | -818,239 | -581,195 |
| Tax Rate For Calcs | 0.15 | 0.00 | 0.00 | 0.02 |
| Normalized Income | -9.0M | -9.2M | -7.6M | -5.7M |
| Amortization | 317,321 | 566,577 | 269,899 | 106,584 |
| Amortization Of Intangibles Income Statement | 317,321 | 566,577 | 269,899 | 106,584 |
| Depreciation Amortization Depletion Income Statement | 317,321 | 566,577 | 269,899 | 106,584 |
| Diluted NI Availto Com Stockholders | -11.5M | -11.5M | -8.4M | -6.3M |
| Gain On Sale Of Ppe | 407.00 | -12,512 | 0.00 | -- |
| Impairment Of Capital Assets | 4,787 | 2.3M | 0.00 | -- |
| Insurance And Claims | 212,301 | 125,298 | 109,777 | 41,638 |
| Net Income Continuous Operations | -11.5M | -11.5M | -8.4M | -6.3M |
| Net Non Operating Interest Income Expense | -1.3M | -1.1M | -599,694 | -347,794 |
| Other Gand A | 4.9M | 3.4M | 3.0M | 2.2M |
| Other Special Charges | 2.3M | -- | -- | -- |
| Reconciled Cost Of Revenue | 51.4M | 54.3M | 59.7M | 34.1M |
| Salaries And Wages | 8.7M | 6.5M | 4.9M | 3.5M |
| Selling And Marketing Expense | 665,074 | 821,057 | 1.3M | 890,667 |
| Total Expenses | 67.1M | 67.6M | 71.7M | 42.1M |
| Total Operating Income As Reported | -7.9M | -10.5M | -7.0M | -5.5M |
| Total Other Finance Cost | 271,022 | 175,208 | 288,374 | 341,272 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 1.4M | 1.9M | 2.7M | 9.5M |
| Cash Cash Equivalents And Short Term Investments | 1.4M | 1.9M | 2.7M | 9.5M |
| Accounts Receivable | 8.7M | 5.1M | 11.7M | 6.1M |
| Receivables | 9.3M | 5.3M | 12.2M | 6.4M |
| Inventory | 12,005 | 1.9M | 316,233 | 734,097 |
| Prepaid Assets | 19.8M | 14.6M | 652,798 | 349,664 |
| Other Current Assets | -- | -- | 13.2M | -- |
| Current Assets | 30.5M | 23.8M | 16.1M | 16.9M |
| Gross PPE | 285,883 | 333,491 | 448,096 | 111,151 |
| Accumulated Depreciation | -183,429 | -151,387 | -98,160 | -46,290 |
| Net PPE | 102,454 | 182,104 | 349,936 | 64,861 |
| Goodwill | 2.5M | 2.3M | 4.1M | 852,032 |
| Goodwill And Other Intangible Assets | 3.8M | 3.7M | 6.5M | 1.5M |
| Other Intangible Assets | 1.3M | 1.4M | 2.4M | 622,757 |
| Other Non Current Assets | 36,970 | 26,406 | 121,401 | 13,218 |
| Total Non Current Assets | 4.0M | 3.9M | 7.0M | 1.6M |
| Total Assets | 34.5M | 27.8M | 23.1M | 18.5M |
| Current Debt | 2.4M | 4.5M | 5.3M | -- |
| Current Debt And Capital Lease Obligation | 2.4M | 4.6M | 5.4M | -- |
| Accounts Payable | 11.5M | 10.8M | 8.5M | 9.7M |
| Payables | 11.4M | 10.9M | 8.9M | 9.7M |
| Payables And Accrued Expenses | 12.1M | 11.7M | 13.1M | 11.0M |
| Current Accrued Expenses | 709,835 | 776,469 | 4.2M | 1.3M |
| Current Deferred Revenue | 24.7M | 18.5M | 689,040 | 327,763 |
| Current Liabilities | 39.3M | 34.8M | 19.1M | 11.3M |
| Long Term Debt | 328,296 | 1.3M | 1.2M | 201,719 |
| Long Term Debt And Capital Lease Obligation | 328,296 | 1.3M | 1.3M | 201,719 |
| Long Term Capital Lease Obligation | 0.00 | 12,922 | 137,372 | 0.00 |
| Other Non Current Liabilities | -- | 240,733 | 279,784 | -- |
| Total Non Current Liabilities Net Minority Interest | 347,736 | 1.5M | 1.6M | 225,949 |
| Total Liabilities Net Minority Interest | 39.6M | 36.3M | 20.8M | 11.6M |
| Common Stock | 38.5M | 25.4M | 23.0M | 20.5M |
| Capital Stock | 38.5M | 25.4M | 23.0M | 20.5M |
| Additional Paid In Capital | 4.9M | 2.9M | 2.4M | 1.7M |
| Retained Earnings | -48.8M | -37.2M | -24.1M | -15.7M |
| Gains Losses Not Affecting Retained Earnings | 159,528 | 373,734 | 999,677 | 429,107 |
| Other Equity Adjustments | 754,642 | 675,879 | 870,871 | 522,281 |
| Common Stock Equity | -5.1M | -8.6M | 2.3M | 6.9M |
| Stockholders Equity | -5.1M | -8.6M | 2.3M | 6.9M |
| Total Equity Gross Minority Interest | -5.1M | -8.6M | 2.3M | 6.9M |
| Total Capitalization | -4.8M | -7.3M | 3.5M | 7.1M |
| Net Tangible Assets | -9.0M | -12.3M | -4.2M | 5.5M |
| Tangible Book Value | -9.0M | -12.3M | -4.2M | 5.5M |
| Working Capital | -8.8M | -11.0M | -3.1M | 5.6M |
| Invested Capital | -2.4M | -2.8M | 8.8M | 7.1M |
| Total Debt | 2.7M | 5.9M | 6.7M | 201,719 |
| Net Debt | 1.3M | 3.8M | 3.7M | -- |
| Share Issued | 59.6M | 10.2M | 8.5M | 7.0M |
| Ordinary Shares Number | 59.6M | 10.2M | 8.5M | 7.0M |
| Buildings And Improvements | 6,495 | 45,831 | 0.00 | -- |
| Capital Lease Obligations | 12,390 | 122,153 | 226,894 | 0.00 |
| Current Capital Lease Obligation | 12,390 | 109,231 | 89,522 | 0.00 |
| Current Deferred Liabilities | 24.7M | 18.5M | 689,040 | 327,763 |
| Finished Goods | 12,005 | 1.9M | 316,233 | 734,097 |
| Foreign Currency Translation Adjustments | -595,114 | -302,145 | 128,806 | -93,174 |
| Line Of Credit | 2.4M | 4.2M | 5.3M | 0.00 |
| Machinery Furniture Equipment | 274,972 | 234,812 | 237,046 | 111,151 |
| Non Current Deferred Liabilities | 19,440 | 18,441 | 15,970 | 24,230 |
| Non Current Deferred Taxes Liabilities | 19,440 | 18,441 | 15,970 | 24,230 |
| Other Current Borrowings | -- | 347,959 | -- | -- |
| Other Payable | -60,670 | 118,229 | 420,684 | 20,412 |
| Other Properties | 279,388 | 287,660 | 448,096 | 111,151 |
| Other Receivables | 433,002 | -- | 312,024 | -- |
| Properties | 0.00 | 0.00 | 0.00 | -- |
| Restricted Cash | 20,000 | 140,423 | 140,423 | 0.00 |
| Taxes Receivable | 128,979 | 172,188 | 219,004 | 281,184 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -7.1M | -1.9M | -9.8M | -2.0M |
| Cash Flow From Continuing Operating Activities | -7.1M | -1.9M | -9.8M | -2.0M |
| Depreciation And Amortization | 317,321 | 566,577 | 269,899 | 106,584 |
| Depreciation Amortization Depletion | 317,321 | 566,577 | 269,899 | 106,584 |
| Stock Based Compensation | 1.7M | 317,329 | 671,804 | 937,239 |
| Deferred Tax | 25,568 | -31,121 | -4,591 | -146,173 |
| Deferred Income Tax | 25,568 | -31,121 | -4,591 | -146,173 |
| Change In Working Capital | -538,523 | 6.3M | -2.7M | 3.5M |
| Changes In Account Receivables | -3.6M | 3.0M | -781,344 | -3.2M |
| Change In Receivables | -4.0M | 3.1M | -719,164 | -3.4M |
| Change In Inventory | 1.9M | -1.5M | 445,987 | -536,907 |
| Change In Payables And Accrued Expense | 847,178 | 3.5M | -2.2M | 7.4M |
| Change In Payable | 847,178 | 3.5M | -2.2M | 7.4M |
| Change In Other Working Capital | 6.2M | -2.9M | 7,498 | 152,533 |
| Change In Other Current Assets | -10,564 | 93,038 | -99,736 | 0.00 |
| Change In Other Current Liabilities | -240,733 | -39,051 | 33,245 | 0.00 |
| Other Non Cash Items | 2.3M | 626,566 | 236,586 | 31,727 |
| Capital Expenditure | -42,191 | -8,729 | -33,585 | -55,624 |
| Purchase Of PPE | -42,191 | -8,729 | -33,585 | -55,624 |
| Net PPE Purchase And Sale | -42,191 | -8,729 | -33,585 | -55,624 |
| Purchase Of Business | -- | -- | -4.6M | -- |
| Sale Of Business | -- | -- | -- | 50,696 |
| Investing Cash Flow | -42,191 | -8,729 | -4.7M | -4,928 |
| Cash Flow From Continuing Investing Activities | -42,191 | -8,729 | -4.7M | -4,928 |
| Issuance Of Debt | -- | 340,239 | 6.7M | 894.00 |
| Repayment Of Debt | -2.6M | -979,444 | -253,872 | -675,220 |
| Net Issuance Payments Of Debt | -2.6M | -979,444 | 6.5M | -674,326 |
| Issuance Of Capital Stock | 5.3M | 1.8M | 1.5M | 9.2M |
| Net Common Stock Issuance | 5.3M | 1.8M | 1.5M | 9.2M |
| Financing Cash Flow | 6.9M | 822,300 | 7.9M | 9.8M |
| Cash Flow From Continuing Financing Activities | 6.9M | 822,300 | 7.9M | 9.8M |
| Effect Of Exchange Rate Changes | -467,897 | 261,709 | -53,987 | 9,455 |
| Changes In Cash | -170,833 | -1.1M | -6.6M | 7.7M |
| Beginning Cash Position | 2.1M | 2.9M | 9.5M | 1.7M |
| End Cash Position | 1.4M | 2.1M | 2.9M | 9.5M |
| Free Cash Flow | -7.1M | -1.9M | -9.9M | -2.1M |
| Amortization Cash Flow | 317,321 | 566,577 | 269,899 | 106,584 |
| Amortization Of Intangibles | 317,321 | 566,577 | 269,899 | 106,584 |
| Asset Impairment Charge | 1,331 | 2.3M | 0.00 | -- |
| Change In Prepaid Assets | -5.2M | 4.1M | -177,660 | -91,908 |
| Common Stock Issuance | 5.3M | 1.8M | 1.5M | 9.2M |
| Long Term Debt Issuance | -- | 0.00 | 1.5M | 0.00 |
| Long Term Debt Payments | -115,433 | -123,814 | -42,308 | -18,300 |
| Net Business Purchase And Sale | -- | 0.00 | -4.6M | 50,696 |
| Net Foreign Currency Exchange Gain Loss | 235,268 | -432,507 | 152,541 | -111.00 |
| Net Income From Continuing Operations | -11.5M | -11.5M | -8.4M | -6.3M |
| Net Long Term Debt Issuance | -115,433 | -123,814 | 1.4M | -18,300 |
| Net Short Term Debt Issuance | -2.5M | -855,630 | 5.0M | -656,026 |
| Operating Gains Losses | 688,989 | -419,995 | 152,541 | -204,247 |
| Proceeds From Stock Option Exercised | 4.3M | 9,975 | 3,843 | 1.3M |
| Short Term Debt Issuance | -- | 340,239 | 5.2M | 894.00 |
| Short Term Debt Payments | -2.5M | -855,630 | -211,564 | -656,920 |