Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Operating Revenue | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Selling General And Administration | 18.8M | 20.4M | 16.5M | 3.9M | -- |
| General And Administrative Expense | 18.8M | 20.4M | 16.5M | 3.9M | -- |
| Research And Development | 1.0M | 1.2M | 654,000 | 225,000 | -- |
| Other Operating Expenses | -- | -- | 379,000 | 3,699 | 3,813 |
| Operating Expense | 19.8M | 21.6M | 17.2M | 4.2M | -- |
| Operating Income | -19.8M | -21.6M | -17.2M | -4.2M | -- |
| EBIT | 5.6M | 12.6M | -6.9M | -3.9M | -- |
| Interest Expense | 339,000 | 25,000 | 89,000 | 0.00 | -- |
| Interest Expense Non Operating | 339,000 | 25,000 | 89,000 | 0.00 | -- |
| Interest Income | 3.4M | 4.7M | 22,000 | 2,000 | -- |
| Interest Income Non Operating | 3.4M | 4.7M | 22,000 | 2,000 | -- |
| Net Interest Income | 3.1M | 4.7M | -67,000 | 2,000 | -- |
| Other Income Expense | 22.0M | 29.5M | 10.3M | 270,000 | -- |
| Other Non Operating Income Expenses | 22.2M | 29.5M | 10.3M | 600,000 | -- |
| Special Income Charges | 152,000 | 0.00 | 0.00 | -330,000 | -- |
| Gain On Sale Of Security | -330,000 | -- | -- | -- | -- |
| Pretax Income | 5.2M | 12.6M | -7.0M | -3.9M | -- |
| Tax Provision | 11.5M | 10.0M | 3.2M | 0.00 | -- |
| Tax Effect Of Unusual Items | -26,700 | 0.00 | 0.00 | 0.00 | -- |
| Net Income From Continuing And Discontinued Operation | -6.3M | 2.6M | -10.1M | -3.9M | -- |
| Net Income From Continuing Operation Net Minority Interest | -6.3M | 2.6M | -10.1M | -3.9M | -- |
| Net Income Including Noncontrolling Interests | -6.3M | 2.6M | -10.1M | -3.9M | -- |
| Net Income Common Stockholders | -6.3M | 2.6M | -10.1M | -3.9M | -- |
| Net Income | -6.3M | 2.6M | -10.1M | -3.9M | -- |
| EBITDA | 5.6M | 12.6M | -6.9M | -3.9M | -- |
| Normalized EBITDA | 5.7M | 12.6M | -6.9M | -3.6M | -- |
| Reconciled Depreciation | -- | -- | 21,000 | 0.00 | -- |
| Basic EPS | -0.04 | 0.02 | -0.11 | -0.10 | -- |
| Diluted EPS | -0.04 | 0.02 | -0.11 | -0.10 | -- |
| Basic Average Shares | 143.7M | 115.4M | 89.7M | 37.9M | -- |
| Diluted Average Shares | 143.7M | 121.5M | 89.7M | 37.9M | -- |
| Total Unusual Items | -178,000 | 0.00 | 0.00 | -330,000 | -- |
| Total Unusual Items Excluding Goodwill | -178,000 | 0.00 | 0.00 | -330,000 | -- |
| Tax Rate For Calcs | 0.15 | 0.15 | 0.40 | 0.00 | -- |
| Normalized Income | -6.1M | 2.6M | -10.1M | -3.6M | -- |
| Diluted NI Availto Com Stockholders | -6.3M | 2.6M | -10.1M | -3.9M | -- |
| Gain On Sale Of Ppe | 152,000 | 0.00 | -- | -- | -- |
| Impairment Of Capital Assets | -- | -- | 0.00 | 330,000 | 0.00 |
| Net Income Continuous Operations | -6.3M | 2.6M | -10.1M | -3.9M | -- |
| Net Non Operating Interest Income Expense | 3.1M | 4.7M | -67,000 | 2,000 | -- |
| Other Gand A | 6.6M | 8.9M | 2.3M | 2.3M | -- |
| Rent And Landing Fees | -- | -- | -- | 27,459 | 20,219 |
| Rent Expense Supplemental | -- | -- | -- | 27,459 | 20,219 |
| Salaries And Wages | 12.2M | 11.5M | 14.2M | 1.6M | -- |
| Selling And Marketing Expense | -- | 1.2M | 654,000 | 225,000 | 69,822 |
| Total Expenses | 19.8M | 21.6M | 17.2M | 4.2M | -- |
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 101.2M | 73.0M | 56.7M | 11.7M | -- |
| Cash Cash Equivalents And Short Term Investments | 101.2M | 73.0M | 56.7M | 11.7M | -- |
| Accounts Receivable | -- | -- | -- | -- | 4,132 |
| Receivables | 7.3M | 10.0M | 3.9M | 479,000 | -- |
| Prepaid Assets | 1.7M | 699,000 | 249,000 | 32,000 | -- |
| Current Assets | 110.2M | 83.7M | 60.9M | 12.2M | -- |
| Gross PPE | 262.5M | 165.2M | 46.9M | 14.4M | -- |
| Accumulated Depreciation | -7.0M | -897,000 | -21,000 | -- | -- |
| Net PPE | 255.6M | 164.3M | 46.9M | 14.4M | -- |
| Investments And Advances | 503,000 | 0.00 | -- | -- | -- |
| Total Non Current Assets | 256.4M | 164.3M | 46.9M | 14.4M | -- |
| Total Assets | 366.6M | 247.9M | 107.7M | 26.6M | -- |
| Current Debt | -- | -- | -- | -- | 40,000 |
| Current Debt And Capital Lease Obligation | 134,000 | 151,000 | -- | -- | 40,000 |
| Accounts Payable | 13.4M | 30.4M | 5.5M | 862,000 | -- |
| Payables | 13.4M | 30.4M | 5.5M | 862,000 | -- |
| Payables And Accrued Expenses | 13.4M | 30.4M | 5.5M | 894,000 | -- |
| Current Accrued Expenses | -- | -- | 1.6M | 32,000 | 94,701 |
| Other Current Liabilities | 10.7M | -- | 29.5M | 1.9M | -- |
| Current Liabilities | 24.3M | 30.6M | 35.0M | 2.8M | -- |
| Long Term Debt | -- | -- | -- | -- | 40,000 |
| Long Term Debt And Capital Lease Obligation | 241,000 | 214,000 | 0.00 | -- | 40,000 |
| Long Term Capital Lease Obligation | 241,000 | 214,000 | 0.00 | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 26.3M | 14.1M | 2.7M | 0.00 | -- |
| Total Liabilities Net Minority Interest | 50.5M | 44.7M | 37.7M | 2.8M | -- |
| Common Stock | 320.0M | 207.8M | 78.0M | 32.9M | -- |
| Capital Stock | 320.0M | 207.8M | 78.0M | 32.9M | -- |
| Retained Earnings | -26.6M | -20.3M | -22.9M | -12.8M | -- |
| Gains Losses Not Affecting Retained Earnings | 22.7M | 15.7M | 14.9M | 3.5M | -- |
| Other Equity Adjustments | 22.7M | 15.7M | 14.9M | -- | -- |
| Common Stock Equity | 316.1M | 203.2M | 70.0M | 23.9M | -- |
| Stockholders Equity | 316.1M | 203.2M | 70.0M | 23.9M | -- |
| Total Equity Gross Minority Interest | 316.1M | 203.2M | 70.0M | 23.9M | -- |
| Total Capitalization | 316.1M | 203.2M | 70.0M | 23.9M | -- |
| Net Tangible Assets | 316.1M | 203.2M | 70.0M | 23.9M | -- |
| Tangible Book Value | 316.1M | 203.2M | 70.0M | 23.9M | -- |
| Working Capital | 85.9M | 53.1M | 25.9M | 9.5M | -- |
| Invested Capital | 316.1M | 203.2M | 70.0M | 23.9M | -- |
| Total Debt | 375,000 | 365,000 | 0.00 | -- | 40,000 |
| Share Issued | 162.3M | 135.6M | 99.4M | 78.5M | -- |
| Ordinary Shares Number | 162.3M | 135.6M | 99.4M | 78.5M | -- |
| Accrued Interest Receivable | -- | 0.00 | 371,000 | 0.00 | 19.00 |
| Available For Sale Securities | 503,000 | -- | -- | -- | -- |
| Capital Lease Obligations | 375,000 | 365,000 | 0.00 | -- | -- |
| Construction In Progress | 0.00 | 32.2M | 0.00 | -- | -- |
| Current Capital Lease Obligation | 134,000 | 151,000 | 0.00 | -- | -- |
| Current Notes Payable | -- | -- | -- | -- | 40,000 |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | 503,000 | 0.00 | -- | -- | -- |
| Investmentin Financial Assets | 503,000 | 0.00 | -- | -- | -- |
| Long Term Provisions | 4.2M | 2.2M | -- | -- | -- |
| Machinery Furniture Equipment | 2.7M | 2.4M | 609,000 | -- | -- |
| Non Current Deferred Liabilities | 21.9M | 11.7M | 2.7M | 0.00 | -- |
| Non Current Deferred Taxes Liabilities | 21.9M | 11.7M | 2.7M | 0.00 | -- |
| Non Current Prepaid Assets | 346,000 | 0.00 | -- | -- | -- |
| Other Equity Interest | -- | -- | -- | 252,000 | -- |
| Other Properties | 701,000 | 370,000 | 46.3M | -- | -- |
| Other Receivables | -- | -- | 351,000 | -- | -- |
| Properties | 259.2M | 130.1M | 46.3M | 14.4M | -- |
| Taxes Receivable | 7.3M | 10.0M | 3.5M | 479,000 | -- |
| Total Tax Payable | -- | -- | 44,000 | 0.00 | -- |
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | -6.6M | -16.2M | -7.2M | -3.1M | -- |
| Cash Flow From Continuing Operating Activities | -6.6M | -16.2M | -7.2M | -3.1M | -- |
| Depreciation And Amortization | -- | -- | 21,000 | 0.00 | -- |
| Depreciation Amortization Depletion | -- | -- | 21,000 | 0.00 | -- |
| Stock Based Compensation | 7.7M | 4.2M | 12.4M | 1.6M | -- |
| Deferred Tax | 11.5M | 10.0M | 3.2M | 0.00 | -- |
| Deferred Income Tax | 11.5M | 10.0M | 3.2M | 0.00 | -- |
| Change In Working Capital | 2.4M | -3.5M | -2.3M | -553,000 | -- |
| Changes In Account Receivables | -- | -- | -3.4M | -474,000 | -- |
| Change In Receivables | 2.6M | -6.1M | -3.4M | -474,000 | -- |
| Change In Payables And Accrued Expense | 365,000 | 3.0M | 1.3M | -52,000 | -- |
| Other Non Cash Items | -21.7M | -29.5M | -10.3M | -600,000 | -- |
| Capital Expenditure | -32.3M | -38.4M | -609,000 | -7.4M | -- |
| Purchase Of PPE | -32.3M | -38.4M | -609,000 | 0.00 | -- |
| Net PPE Purchase And Sale | -32.3M | -38.4M | -609,000 | 0.00 | -- |
| Investing Cash Flow | -107.0M | -91.7M | -27.7M | -7.4M | -- |
| Cash Flow From Continuing Investing Activities | -107.0M | -91.7M | -27.7M | -7.4M | -- |
| Issuance Of Debt | -- | -- | -- | -- | 40,000 |
| Repayment Of Debt | -- | -- | 0.00 | -40,000 | -- |
| Net Issuance Payments Of Debt | -- | -- | 0.00 | -40,000 | 40,000 |
| Issuance Of Capital Stock | 143.9M | 109.0M | 73.8M | 17.7M | -- |
| Net Common Stock Issuance | 143.9M | 109.0M | 73.8M | 17.7M | -- |
| Financing Cash Flow | 141.8M | 124.1M | 79.9M | 22.1M | -- |
| Cash Flow From Continuing Financing Activities | 141.8M | 124.1M | 79.9M | 22.1M | -- |
| Effect Of Exchange Rate Changes | 12,000 | 1,000 | 0.00 | -49.00 | -- |
| Changes In Cash | 28.2M | 16.3M | 45.0M | 11.5M | -- |
| Beginning Cash Position | 73.0M | 56.7M | 11.7M | 150,000 | -- |
| End Cash Position | 101.2M | 73.0M | 56.7M | 11.7M | -- |
| Free Cash Flow | -38.9M | -54.5M | -7.8M | -3.1M | -- |
| Asset Impairment Charge | -- | -- | 0.00 | 330,000 | 0.00 |
| Change In Prepaid Assets | -590,000 | -450,000 | -217,000 | -27,000 | -- |
| Common Stock Issuance | 143.9M | 109.0M | 73.8M | 17.7M | -- |
| Depreciation | -- | -- | 21,000 | 0.00 | -- |
| Gain Loss On Sale Of PPE | -152,000 | 0.00 | -- | -- | -- |
| Long Term Debt Issuance | -- | -- | -- | -- | 40,000 |
| Long Term Debt Payments | -- | -- | 0.00 | -40,000 | -- |
| Net Income From Continuing Operations | -6.3M | 2.6M | -10.1M | -3.9M | -- |
| Net Long Term Debt Issuance | -- | -- | 0.00 | -40,000 | 40,000 |
| Net Other Financing Charges | -6.2M | -3.8M | -1.7M | 177,000 | -- |
| Net Other Investing Changes | -74.8M | -53.3M | -27.1M | -7.4M | -- |
| Operating Gains Losses | -152,000 | -- | -- | -- | -- |
| Proceeds From Stock Option Exercised | 4.1M | 18.9M | 7.8M | 4.2M | -- |