Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|
| Total Revenue | 12.3M | 19.0M | 31.1M |
| Operating Revenue | 12.2M | 15.1M | 27.5M |
| Cost Of Revenue | 8.9M | 10.9M | 18.6M |
| Gross Profit | 3.4M | 8.1M | 12.4M |
| Selling General And Administration | 26.6M | 27.6M | 27.2M |
| General And Administrative Expense | 26.6M | 27.6M | -- |
| Research And Development | 2.2M | 2.3M | 2.5M |
| Depreciation And Amortization In Income Statement | 1.3M | 1.2M | -- |
| Other Operating Expenses | 378,282 | 204,791 | -- |
| Operating Expense | 30.5M | 31.3M | 29.8M |
| Operating Income | -27.1M | -23.2M | -17.3M |
| EBIT | -27.8M | -31.4M | -38.6M |
| Interest Expense | 904,822 | 669,032 | 537,179 |
| Interest Expense Non Operating | 904,822 | 669,032 | 537,179 |
| Interest Income | 2.2M | 118,290 | 132,809 |
| Interest Income Non Operating | 2.2M | 118,290 | 132,809 |
| Net Interest Income | 1.3M | -550,742 | -404,370 |
| Other Income Expense | -3.0M | -8.3M | -21.4M |
| Special Income Charges | -2.7M | 0.00 | -19,325 |
| Gain On Sale Of Security | -312,216 | -8.3M | -21.4M |
| Pretax Income | -28.7M | -32.1M | -39.2M |
| Tax Provision | -221,747 | 75,984 | -739,960 |
| Tax Effect Of Unusual Items | -22,948 | -2.2M | -404,743 |
| Net Income From Continuing And Discontinued Operation | -28.5M | -32.2M | -38.4M |
| Net Income From Continuing Operation Net Minority Interest | -28.5M | -32.2M | -38.4M |
| Net Income Including Noncontrolling Interests | -28.5M | -32.2M | -38.4M |
| Net Income Common Stockholders | -28.5M | -32.2M | -38.4M |
| Net Income | -28.5M | -32.2M | -38.4M |
| EBITDA | -25.6M | -29.3M | -37.2M |
| Normalized EBITDA | -22.6M | -21.0M | -15.8M |
| Reconciled Depreciation | 2.2M | 2.1M | 1.4M |
| Basic EPS | -0.16 | -0.19 | -0.23 |
| Diluted EPS | -0.16 | -0.19 | -0.23 |
| Basic Average Shares | 177.8M | 171.0M | 166.6M |
| Diluted Average Shares | 177.8M | 171.0M | 166.6M |
| Total Unusual Items | -3.0M | -8.3M | -21.4M |
| Total Unusual Items Excluding Goodwill | -3.0M | -8.3M | -21.4M |
| Tax Rate For Calcs | 0.01 | 0.26 | 0.02 |
| Normalized Income | -25.6M | -26.0M | -17.4M |
| Depreciation Amortization Depletion Income Statement | 1.3M | 1.2M | -- |
| Depreciation Income Statement | 1.3M | 1.2M | -- |
| Diluted NI Availto Com Stockholders | -28.5M | -32.2M | -38.4M |
| Impairment Of Capital Assets | 2.7M | 0.00 | -- |
| Net Income Continuous Operations | -28.5M | -32.2M | -38.4M |
| Net Non Operating Interest Income Expense | 1.3M | -550,742 | -404,370 |
| Other Gand A | 9.3M | 9.5M | -- |
| Other Special Charges | -- | -- | 19,325 |
| Reconciled Cost Of Revenue | 8.0M | 10.0M | 18.6M |
| Salaries And Wages | 17.3M | 18.1M | -- |
| Total Expenses | 39.4M | 42.2M | 48.4M |
| Total Operating Income As Reported | -29.7M | -23.2M | -17.3M |
| Total Other Finance Cost | -- | -- | 19,325 |
| Line Item | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|
| Cash And Cash Equivalents | 1.8M | 3.4M | 12.2M |
| Cash Cash Equivalents And Short Term Investments | 1.8M | 3.4M | 12.2M |
| Cash Equivalents | -- | 0.00 | 8.6M |
| Cash Financial | 1.8M | 3.4M | 3.6M |
| Accounts Receivable | 8.2M | 18.0M | 16.5M |
| Receivables | 11.6M | 20.9M | 23.6M |
| Inventory | 1.9M | 1.9M | 887,590 |
| Prepaid Assets | 1.5M | 1.2M | 2.0M |
| Current Assets | 16.8M | 27.4M | 38.8M |
| Gross PPE | 10.7M | 11.2M | 11.9M |
| Accumulated Depreciation | -3.6M | -3.0M | -2.4M |
| Net PPE | 7.1M | 8.2M | 9.5M |
| Goodwill | 0.00 | 2.7M | 2.7M |
| Goodwill And Other Intangible Assets | 1.4M | 4.8M | 5.4M |
| Other Intangible Assets | 1.4M | 2.1M | 2.8M |
| Investments And Advances | 2.6M | 5.5M | 14.9M |
| Other Investments | -- | 6.2M | 14.9M |
| Total Non Current Assets | 11.6M | 20.2M | 31.0M |
| Total Assets | 28.4M | 47.7M | 69.8M |
| Current Debt | 1.2M | 1.1M | 83,004 |
| Current Debt And Capital Lease Obligation | 1.7M | 3.7M | 3.0M |
| Accounts Payable | 5.5M | 6.3M | 5.6M |
| Payables | 6.4M | 7.4M | 6.4M |
| Payables And Accrued Expenses | 9.3M | 10.3M | 10.1M |
| Current Accrued Expenses | 2.9M | 2.9M | 3.7M |
| Current Deferred Revenue | 11.0M | 9.7M | 9.4M |
| Other Current Liabilities | 1.7M | 2.1M | 2.2M |
| Current Liabilities | 23.8M | 25.8M | 24.8M |
| Long Term Debt | 2.9M | 320,070 | 107,901 |
| Long Term Debt And Capital Lease Obligation | 7.5M | 3.2M | 2.5M |
| Long Term Capital Lease Obligation | 4.6M | 2.9M | 2.4M |
| Other Non Current Liabilities | -- | 1.8M | 1.7M |
| Total Non Current Liabilities Net Minority Interest | 7.5M | 5.0M | 4.2M |
| Total Liabilities Net Minority Interest | 31.3M | 30.8M | 29.0M |
| Common Stock | 90.7M | 85.5M | 82.1M |
| Capital Stock | 90.7M | 85.5M | 82.1M |
| Additional Paid In Capital | 27.6M | 24.5M | 19.9M |
| Retained Earnings | -121.9M | -93.4M | -61.2M |
| Gains Losses Not Affecting Retained Earnings | -11,279 | 402.00 | 3,444 |
| Other Equity Adjustments | -11,279 | 402.00 | 3,444 |
| Common Stock Equity | -2.8M | 16.9M | 40.8M |
| Stockholders Equity | -2.8M | 16.9M | 40.8M |
| Total Equity Gross Minority Interest | -2.8M | 16.9M | 40.8M |
| Total Capitalization | 42,117 | 17.2M | 40.9M |
| Net Tangible Assets | -4.3M | 12.1M | 35.3M |
| Tangible Book Value | -4.3M | 12.1M | 35.3M |
| Working Capital | -7.0M | 1.7M | 14.0M |
| Invested Capital | 1.3M | 18.3M | 41.0M |
| Total Debt | 9.2M | 6.9M | 5.5M |
| Net Debt | 2.3M | -- | -- |
| Share Issued | 178.9M | 173.6M | 170.1M |
| Ordinary Shares Number | 178.9M | 173.6M | 170.1M |
| Allowance For Doubtful Accounts Receivable | -8.6M | -4.7M | -520,000 |
| Available For Sale Securities | 2.6M | 5.5M | -- |
| Capital Lease Obligations | 5.1M | 5.5M | 5.3M |
| Construction In Progress | 0.00 | 0.00 | 2.0M |
| Current Capital Lease Obligation | 524,802 | 2.7M | 2.9M |
| Current Deferred Liabilities | 11.0M | 9.7M | 9.4M |
| Financial Assets | 0.00 | 770,466 | -- |
| Gross Accounts Receivable | 16.8M | 22.7M | 17.0M |
| Income Tax Payable | 0.00 | 187,602 | 23,048 |
| Investmentin Financial Assets | 2.6M | 5.5M | -- |
| Leases | 6.3M | 6.9M | 6.7M |
| Line Of Credit | 181,267 | 991,902 | 0.00 |
| Machinery Furniture Equipment | 4.4M | 4.3M | 3.2M |
| Non Current Accounts Receivable | 529,017 | 952,230 | 947,543 |
| Non Current Deferred Liabilities | -- | 0.00 | 42,394 |
| Non Current Deferred Taxes Liabilities | -- | 0.00 | 42,394 |
| Non Current Prepaid Assets | 46,045 | 46,053 | 248,756 |
| Notes Receivable | -- | -- | 311,111 |
| Other Current Borrowings | 1.0M | 69,917 | 83,004 |
| Other Equity Interest | 815,028 | 223,200 | -- |
| Other Payable | 920,012 | 904,724 | 737,364 |
| Other Receivables | 2.8M | 2.2M | 5.9M |
| Properties | 0.00 | 0.00 | 0.00 |
| Taxes Receivable | 584,077 | 670,685 | 1.2M |
| Total Tax Payable | 0.00 | 187,602 | 23,048 |
| Line Item | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|
| Operating Cash Flow | -12.0M | -11.1M | -18.1M |
| Cash Flow From Continuing Operating Activities | -12.0M | -11.1M | -18.1M |
| Depreciation And Amortization | 2.2M | 2.1M | 1.4M |
| Depreciation Amortization Depletion | 2.2M | 2.1M | 1.4M |
| Stock Based Compensation | 3.1M | 5.5M | 9.8M |
| Deferred Tax | -221,747 | -42,394 | -584,246 |
| Deferred Income Tax | -221,747 | -42,394 | -584,246 |
| Change In Working Capital | 9.8M | 4.4M | -12.6M |
| Changes In Account Receivables | 9.4M | -985,015 | -12.4M |
| Change In Receivables | 9.8M | 2.3M | -15.3M |
| Change In Inventory | -28,902 | -988,821 | -839,352 |
| Change In Payables And Accrued Expense | -770,736 | 346,003 | 2.0M |
| Change In Other Working Capital | 1.1M | 538,176 | 1.4M |
| Other Non Cash Items | -1.5M | 794,368 | 917,942 |
| Capital Expenditure | -324,780 | -686,424 | -1.7M |
| Purchase Of PPE | -77,460 | -396,051 | -1.5M |
| Net PPE Purchase And Sale | -77,460 | -396,051 | -1.5M |
| Sale Of Business | -- | 0.00 | 807,945 |
| Purchase Of Investment | -559,460 | -3.6M | -10.6M |
| Sale Of Investment | 3.9M | 3.9M | 14.3M |
| Net Investment Purchase And Sale | 3.4M | 318,244 | 3.7M |
| Investing Cash Flow | 3.1M | -368,180 | 2.7M |
| Cash Flow From Continuing Investing Activities | 3.1M | -368,180 | 2.7M |
| Issuance Of Debt | 4.2M | 1.3M | 0.00 |
| Repayment Of Debt | -1.4M | -908,162 | -283,585 |
| Net Issuance Payments Of Debt | 2.8M | 376,681 | -283,585 |
| Issuance Of Capital Stock | 5.0M | 1.3M | 0.00 |
| Repurchase Of Capital Stock | -- | 0.00 | -4.2M |
| Net Common Stock Issuance | 5.0M | 1.3M | -4.2M |
| Common Stock Payments | -- | 0.00 | -4.2M |
| Financing Cash Flow | 7.4M | 2.6M | 9.5M |
| Cash Flow From Continuing Financing Activities | 7.4M | 2.6M | 9.5M |
| Effect Of Exchange Rate Changes | -26,194 | 99,194 | 14,067 |
| Changes In Cash | -1.6M | -8.9M | -5.9M |
| Beginning Cash Position | 3.4M | 12.2M | 18.1M |
| End Cash Position | 1.8M | 3.4M | 12.2M |
| Free Cash Flow | -12.4M | -11.8M | -19.9M |
| Amortization Cash Flow | 902,592 | 878,030 | 465,913 |
| Amortization Of Intangibles | 902,592 | 878,030 | 465,913 |
| Asset Impairment Charge | 2.7M | 0.00 | -- |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 |
| Change In Prepaid Assets | -308,249 | 2.2M | 184,490 |
| Common Stock Issuance | 5.0M | 1.3M | 0.00 |
| Depreciation | 1.3M | 1.2M | 926,514 |
| Gain Loss On Sale Of PPE | -- | -- | 0.00 |
| Interest Paid Cff | -497,314 | -467,453 | -253,791 |
| Long Term Debt Issuance | 4.2M | 292,941 | 0.00 |
| Long Term Debt Payments | -594,742 | -908,162 | -283,585 |
| Net Business Purchase And Sale | -- | 0.00 | 807,945 |
| Net Foreign Currency Exchange Gain Loss | 14,513 | -102,236 | -10,623 |
| Net Income From Continuing Operations | -28.5M | -32.2M | -38.4M |
| Net Intangibles Purchase And Sale | -247,320 | -290,373 | -246,630 |
| Net Long Term Debt Issuance | 3.6M | -615,221 | -283,585 |
| Net Short Term Debt Issuance | -810,635 | 991,902 | -- |
| Operating Gains Losses | 14,513 | -102,236 | -10,623 |
| Proceeds From Stock Option Exercised | 153,000 | 1.4M | 14.2M |
| Purchase Of Intangibles | -247,320 | -290,373 | -246,630 |
| Short Term Debt Issuance | -- | 991,902 | -- |
| Short Term Debt Payments | -810,635 | -- | -- |
| Unrealized Gain Loss On Investment Securities | 312,215 | 8.3M | 21.4M |