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 | 353,000 | 604,000 | 374,000 | 472,000 |
| Operating Revenue | 353,000 | 604,000 | 374,000 | 472,000 |
| Cost Of Revenue | 523,000 | 675,000 | 477,000 | 452,000 |
| Gross Profit | -170,000 | -71,000 | -103,000 | 20,000 |
| Selling General And Administration | 1.2M | 1.9M | 1.2M | 1.0M |
| General And Administrative Expense | 1.1M | 1.6M | 1.1M | 956,000 |
| Research And Development | 21,000 | 36,000 | 41,000 | 53,000 |
| Depreciation And Amortization In Income Statement | 97,000 | 102,000 | 84,000 | 21,000 |
| Other Operating Expenses | 77,000 | 96,000 | 106,000 | 79,000 |
| Operating Expense | 1.4M | 2.1M | 1.4M | 1.2M |
| Operating Income | -1.6M | -2.2M | -1.5M | -1.2M |
| EBIT | -3.2M | -2.2M | -4.6M | -1.1M |
| Interest Expense | 336,000 | 254,000 | 71,000 | 30,000 |
| Interest Expense Non Operating | 336,000 | 254,000 | 71,000 | 30,000 |
| Net Interest Income | -337,000 | -262,000 | -78,000 | -30,000 |
| Other Income Expense | -1.6M | -3,000 | -3.1M | 107,000 |
| Other Non Operating Income Expenses | 5,000 | -- | -- | -- |
| Special Income Charges | -1.3M | 0.00 | -2.6M | -- |
| Restructuring And Mergern Acquisition | -- | 0.00 | 2.6M | -- |
| Write Off | 12,000 | 0.00 | -- | -- |
| Gain On Sale Of Security | -298,000 | -3,000 | -465,000 | 107,000 |
| Pretax Income | -3.5M | -2.4M | -4.7M | -1.1M |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -3.5M | -2.4M | -4.7M | -1.1M |
| Net Income From Continuing Operation Net Minority Interest | -3.5M | -2.4M | -4.7M | -1.1M |
| Net Income Including Noncontrolling Interests | -3.5M | -2.4M | -4.7M | -1.1M |
| Net Income Common Stockholders | -3.5M | -2.4M | -4.7M | -1.1M |
| Net Income | -3.5M | -2.4M | -4.7M | -1.1M |
| EBITDA | -3.0M | -2.0M | -4.4M | -1.0M |
| Normalized EBITDA | -1.4M | -2.0M | -1.3M | -1.1M |
| Reconciled Depreciation | 207,000 | 192,000 | 166,000 | 58,000 |
| Basic EPS | -1.05 | -1.44 | -5.37 | -0.63 |
| Diluted EPS | -1.05 | -1.44 | -5.37 | -0.63 |
| Basic Average Shares | 3.3M | 1.7M | 897,767 | 1.7M |
| Diluted Average Shares | 3.3M | 1.7M | 897,767 | 1.7M |
| Total Unusual Items | -1.6M | -3,000 | -3.1M | 107,000 |
| Total Unusual Items Excluding Goodwill | -1.6M | -3,000 | -3.1M | 107,000 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -1.9M | -2.4M | -1.6M | -1.2M |
| Depreciation Amortization Depletion Income Statement | 97,000 | 102,000 | 84,000 | 21,000 |
| Depreciation Income Statement | 97,000 | 102,000 | 84,000 | 21,000 |
| Diluted NI Availto Com Stockholders | -3.5M | -2.4M | -4.7M | -1.1M |
| Impairment Of Capital Assets | 1.3M | 0.00 | -- | -- |
| Insurance And Claims | 36,000 | 35,000 | 30,000 | -- |
| Net Income Continuous Operations | -3.5M | -2.4M | -4.7M | -1.1M |
| Net Non Operating Interest Income Expense | -337,000 | -262,000 | -78,000 | -30,000 |
| Other Gand A | 821,000 | 786,000 | 427,000 | 519,000 |
| Reconciled Cost Of Revenue | 413,000 | 585,000 | 395,000 | 415,000 |
| Rent And Landing Fees | -- | -- | 78,000 | 61,000 |
| Rent Expense Supplemental | -- | -- | 78,000 | 61,000 |
| Salaries And Wages | 229,000 | 748,000 | 613,000 | 437,000 |
| Selling And Marketing Expense | 143,000 | 288,000 | 93,000 | 82,000 |
| Total Expenses | 1.9M | 2.8M | 1.9M | 1.6M |
| Total Operating Income As Reported | -2.9M | -2.2M | -1.5M | -1.2M |
| Total Other Finance Cost | 1,000 | 8,000 | 7,000 | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 672,000 | 259,000 | 59,000 | 114,000 |
| Cash Cash Equivalents And Short Term Investments | 672,000 | 259,000 | 59,000 | 114,000 |
| Cash Financial | 672,000 | 259,000 | 59,000 | 114,000 |
| Accounts Receivable | 3,000 | 146,000 | 146,000 | 238,000 |
| Receivables | 11,000 | 211,000 | 176,000 | 270,000 |
| Inventory | 0.00 | 89,000 | 88,000 | 48,000 |
| Prepaid Assets | -- | 0.00 | 15,000 | 23,000 |
| Current Assets | 683,000 | 559,000 | 338,000 | 455,000 |
| Gross PPE | 629,000 | 1.8M | 1.8M | 456,000 |
| Accumulated Depreciation | -629,000 | -422,000 | -233,000 | -144,000 |
| Net PPE | 0.00 | 1.4M | 1.5M | 312,000 |
| Investments And Advances | 41,000 | 333,000 | 0.00 | -- |
| Other Investments | -- | 333,000 | 0.00 | -- |
| Other Non Current Assets | -- | 127,000 | 32,000 | 36,000 |
| Total Non Current Assets | 41,000 | 1.8M | 1.6M | 348,000 |
| Total Assets | 724,000 | 2.4M | 1.9M | 803,000 |
| Current Debt | 657,000 | 1.4M | 595,000 | 407,000 |
| Current Debt And Capital Lease Obligation | 751,000 | 1.4M | 611,000 | 412,000 |
| Accounts Payable | 743,000 | 290,000 | 431,000 | 231,000 |
| Payables | 784,000 | 370,000 | 516,000 | 333,000 |
| Payables And Accrued Expenses | 982,000 | 592,000 | 830,000 | 463,000 |
| Current Accrued Expenses | 198,000 | 222,000 | 314,000 | 130,000 |
| Other Current Liabilities | -- | 2,000 | 503,000 | 113,000 |
| Current Liabilities | 1.7M | 2.1M | 2.0M | 1.0M |
| Long Term Debt | 308,000 | 480,000 | 178,000 | 287,000 |
| Long Term Debt And Capital Lease Obligation | 740,000 | 974,000 | 748,000 | 287,000 |
| Long Term Capital Lease Obligation | 432,000 | 494,000 | 570,000 | 0.00 |
| Total Non Current Liabilities Net Minority Interest | 740,000 | 974,000 | 748,000 | 287,000 |
| Total Liabilities Net Minority Interest | 2.5M | 3.1M | 2.8M | 1.3M |
| Common Stock | 0.00 | 0.00 | 0.00 | 19,000 |
| Capital Stock | 0.00 | 0.00 | 0.00 | 19,000 |
| Additional Paid In Capital | 9.7M | 6.5M | 4.0M | 1.2M |
| Retained Earnings | -12.4M | -8.9M | -6.4M | -1.8M |
| Gains Losses Not Affecting Retained Earnings | 186,000 | 73,000 | 109,000 | 62,000 |
| Other Equity Adjustments | 186,000 | 73,000 | 109,000 | 62,000 |
| Common Stock Equity | -1.7M | -681,000 | -865,000 | -520,000 |
| Stockholders Equity | -1.7M | -681,000 | -865,000 | -520,000 |
| Total Equity Gross Minority Interest | -1.7M | -681,000 | -865,000 | -520,000 |
| Total Capitalization | -1.4M | -201,000 | -687,000 | -233,000 |
| Net Tangible Assets | -1.7M | -681,000 | -865,000 | -520,000 |
| Tangible Book Value | -1.7M | -681,000 | -865,000 | -520,000 |
| Working Capital | -1.1M | -1.5M | -1.7M | -581,000 |
| Invested Capital | -784,000 | 1.2M | -92,000 | 174,000 |
| Total Debt | 1.5M | 2.4M | 1.4M | 699,000 |
| Net Debt | 293,000 | 1.6M | 714,000 | 580,000 |
| Share Issued | 15.3M | 2.8M | 1.8M | 1.7M |
| Ordinary Shares Number | 15.3M | 2.8M | 1.8M | 1.7M |
| Allowance For Doubtful Accounts Receivable | -21,000 | -9,000 | -3,000 | -- |
| Available For Sale Securities | 41,000 | 333,000 | -- | -- |
| Capital Lease Obligations | 526,000 | 553,000 | 586,000 | 5,000 |
| Current Capital Lease Obligation | 94,000 | 59,000 | 16,000 | 5,000 |
| Current Notes Payable | 400,000 | 0.00 | -- | -- |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | 41,000 | 333,000 | 0.00 | -- |
| Gross Accounts Receivable | 24,000 | 155,000 | 149,000 | 238,000 |
| Interest Payable | 53,000 | 67,000 | 0.00 | -- |
| Inventories Adjustments Allowances | -- | 0.00 | -- | -- |
| Investmentin Financial Assets | 41,000 | 333,000 | 0.00 | -- |
| Land And Improvements | 0.00 | 54,000 | 55,000 | 0.00 |
| Leases | 213,000 | 766,000 | 765,000 | 86,000 |
| Machinery Furniture Equipment | 258,000 | 392,000 | 340,000 | 310,000 |
| Other Current Borrowings | 257,000 | 1.4M | 595,000 | 407,000 |
| Other Equity Interest | 693,000 | 1.6M | 1.5M | -- |
| Other Payable | 41,000 | 80,000 | 85,000 | 102,000 |
| Other Properties | 158,000 | 578,000 | 596,000 | 60,000 |
| Other Receivables | 8,000 | 65,000 | 30,000 | 32,000 |
| Pensionand Other Post Retirement Benefit Plans Current | 0.00 | 86,000 | 66,000 | 48,000 |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 0.00 | 79,000 | 63,000 | 24,000 |
| Work In Process | 0.00 | 10,000 | 25,000 | 24,000 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -639,000 | -2.0M | -2.2M | -922,000 |
| Cash Flow From Continuing Operating Activities | -639,000 | -2.0M | -2.2M | -922,000 |
| Depreciation And Amortization | 207,000 | 192,000 | 166,000 | 58,000 |
| Depreciation Amortization Depletion | 207,000 | 192,000 | 166,000 | 58,000 |
| Stock Based Compensation | 74,000 | 172,000 | 0.00 | -- |
| Change In Working Capital | 760,000 | -307,000 | 306,000 | 185,000 |
| Changes In Account Receivables | 129,000 | -4,000 | 92,000 | -120,000 |
| Change In Receivables | 184,000 | -39,000 | 101,000 | -144,000 |
| Change In Inventory | 87,000 | -3,000 | -40,000 | 9,000 |
| Change In Payables And Accrued Expense | 489,000 | -265,000 | 245,000 | 315,000 |
| Change In Payable | 489,000 | -265,000 | 245,000 | 315,000 |
| Change In Other Current Liabilities | -- | -- | 0.00 | 5,000 |
| Other Non Cash Items | 268,000 | 395,000 | 1.5M | 21,000 |
| Capital Expenditure | -102,000 | -85,000 | -849,000 | -177,000 |
| Purchase Of PPE | -102,000 | -85,000 | -849,000 | -177,000 |
| Net PPE Purchase And Sale | -102,000 | -85,000 | -849,000 | -172,000 |
| Purchase Of Investment | -- | -95,000 | -- | -- |
| Sale Of Investment | -- | 15,000 | 5,000 | -- |
| Net Investment Purchase And Sale | 125,000 | -80,000 | 5,000 | 0.00 |
| Investing Cash Flow | 23,000 | -165,000 | -844,000 | -172,000 |
| Cash Flow From Continuing Investing Activities | 23,000 | -165,000 | -844,000 | -172,000 |
| Issuance Of Debt | 650,000 | 1.4M | 369,000 | 247,000 |
| Repayment Of Debt | -262,000 | -430,000 | -302,000 | -359,000 |
| Net Issuance Payments Of Debt | 388,000 | 1.0M | 67,000 | -112,000 |
| Issuance Of Capital Stock | 647,000 | 1.4M | 2.8M | 1.2M |
| Net Common Stock Issuance | 647,000 | 1.4M | 2.8M | 1.2M |
| Financing Cash Flow | 1.0M | 2.4M | 2.9M | 1.1M |
| Cash Flow From Continuing Financing Activities | 1.0M | 2.4M | 2.9M | 1.1M |
| Effect Of Exchange Rate Changes | -6,000 | -27,000 | 74,000 | 67,000 |
| Changes In Cash | 419,000 | 227,000 | -129,000 | -18,000 |
| Beginning Cash Position | 259,000 | 59,000 | 114,000 | 65,000 |
| End Cash Position | 672,000 | 259,000 | 59,000 | 114,000 |
| Free Cash Flow | -741,000 | -2.1M | -3.1M | -1.1M |
| Interest Paid Supplemental Data | 43,000 | 74,000 | 41,000 | -- |
| Asset Impairment Charge | 1.3M | 0.00 | -- | -- |
| Change In Account Payable | 481,000 | -136,000 | 65,000 | 114,000 |
| Common Stock Issuance | 647,000 | 1.4M | 2.8M | 1.2M |
| Depreciation | 207,000 | 192,000 | 166,000 | 58,000 |
| Gain Loss On Investment Securities | 276,000 | -3,000 | 422,000 | -98,000 |
| Gain Loss On Sale Of PPE | -- | -- | 0.00 | 6,000 |
| Long Term Debt Issuance | 250,000 | 431,000 | 0.00 | 247,000 |
| Long Term Debt Payments | -262,000 | -275,000 | -302,000 | -359,000 |
| Net Foreign Currency Exchange Gain Loss | -- | 9,000 | 0.00 | -- |
| Net Income From Continuing Operations | -3.5M | -2.4M | -4.7M | -1.1M |
| Net Long Term Debt Issuance | -12,000 | 156,000 | -302,000 | -112,000 |
| Net Other Financing Charges | -- | -- | 75,000 | -- |
| Net Short Term Debt Issuance | 400,000 | 853,000 | 369,000 | 0.00 |
| Operating Gains Losses | 276,000 | -3,000 | 422,000 | -92,000 |
| Sale Of PPE | -- | -- | 0.00 | 5,000 |
| Short Term Debt Issuance | 400,000 | 1.0M | 369,000 | 0.00 |
| Short Term Debt Payments | 0.00 | -155,000 | 0.00 | -- |