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 | 8.6M | 9.8M | 4.2M | 1.9M |
| Operating Revenue | 8.6M | 8.2M | 4.2M | 1.8M |
| Cost Of Revenue | 890,688 | 352,644 | 344,814 | 291,731 |
| Gross Profit | 7.7M | 9.5M | 3.9M | 1.6M |
| Selling General And Administration | 3.2M | 2.9M | 2.3M | 2.6M |
| General And Administrative Expense | 2.7M | 2.4M | 2.0M | 2.3M |
| Depreciation And Amortization In Income Statement | 19,478 | 19,478 | 19,478 | 12,981 |
| Other Operating Expenses | 165,130 | 182,763 | 197,763 | 115,306 |
| Operating Expense | 12.4M | 7.4M | 3.0M | 2.7M |
| Operating Income | -4.7M | 2.0M | 899,354 | -1.1M |
| EBIT | -5.8M | 1.1M | 1.2M | -1.3M |
| Interest Expense | 3.1M | 2.7M | 1.5M | 820,059 |
| Interest Expense Non Operating | 3.1M | 2.7M | 1.5M | 820,059 |
| Net Interest Income | -3.9M | -3.4M | -1.9M | -1.0M |
| Other Income Expense | -288,804 | -166,089 | 746,127 | 2,105 |
| Other Non Operating Income Expenses | -- | -- | -50,000 | -51,000 |
| Special Income Charges | -488,384 | 0.00 | -348,792 | 0.00 |
| Write Off | 488,384 | 0.00 | 473,000 | 0.00 |
| Gain On Sale Of Security | 199,580 | -166,089 | 587,054 | 2,105 |
| Earnings From Equity Interest | -- | 0.00 | 507,865 | 0.00 |
| Pretax Income | -8.9M | -1.6M | -222,816 | -2.1M |
| Tax Provision | 371,604 | 240,256 | 211,000 | 0.00 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 62,448 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -9.3M | -1.8M | -433,816 | -2.1M |
| Net Income From Continuing Operation Net Minority Interest | -9.3M | -1.8M | -433,816 | -2.1M |
| Net Income Including Noncontrolling Interests | -9.3M | -1.8M | -433,816 | -2.1M |
| Net Income Common Stockholders | -9.3M | -1.8M | -433,816 | -2.1M |
| Net Income | -9.3M | -1.8M | -433,816 | -2.1M |
| EBITDA | -5.0M | 1.5M | 1.6M | -1.0M |
| Normalized EBITDA | -4.7M | 1.7M | 1.4M | -1.0M |
| Reconciled Depreciation | 822,979 | 372,122 | 364,292 | 304,712 |
| Basic EPS | -0.22 | -0.07 | -0.02 | -0.06 |
| Diluted EPS | -0.22 | -0.07 | -0.02 | -0.06 |
| Basic Average Shares | 43.3M | 43.2M | 38.7M | 33.3M |
| Diluted Average Shares | 43.3M | 43.2M | 38.7M | 33.3M |
| Total Unusual Items | -288,804 | -166,089 | 238,262 | 2,105 |
| Total Unusual Items Excluding Goodwill | -288,804 | -166,089 | 238,262 | 2,105 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.26 | 0.00 |
| Normalized Income | -9.0M | -1.6M | -609,630 | -2.1M |
| Depreciation Amortization Depletion Income Statement | 19,478 | 19,478 | 19,478 | 12,981 |
| Depreciation Income Statement | 19,478 | 19,478 | 19,478 | 12,981 |
| Diluted NI Availto Com Stockholders | -9.3M | -1.8M | -433,816 | -2.1M |
| Gain On Sale Of Business | -- | 0.00 | -348,792 | 0.00 |
| Net Income Continuous Operations | -9.3M | -1.8M | -433,816 | -2.1M |
| Net Non Operating Interest Income Expense | -3.9M | -3.4M | -1.9M | -1.0M |
| Other Gand A | 1.3M | 968,148 | 1.1M | 791,184 |
| Other Special Charges | 488,384 | -- | 473,000 | 51,000 |
| Provision For Doubtful Accounts | 9.1M | 4.3M | 473,000 | -- |
| Reconciled Cost Of Revenue | 87,187 | 352,644 | 344,814 | 291,731 |
| Rent And Landing Fees | 51,146 | 59,088 | 55,357 | 59,948 |
| Rent Expense Supplemental | 51,146 | 59,088 | 55,357 | 59,948 |
| Salaries And Wages | 1.3M | 1.4M | 846,935 | 1.5M |
| Selling And Marketing Expense | 480,165 | 471,768 | 341,472 | 282,889 |
| Total Expenses | 13.3M | 7.8M | 3.3M | 3.0M |
| Total Other Finance Cost | 820,058 | 718,407 | 396,036 | 205,500 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 16.5M | 14.4M | 7.6M | 20.1M |
| Cash Cash Equivalents And Short Term Investments | 16.5M | 14.4M | 7.6M | 20.1M |
| Cash Financial | 16.5M | 14.4M | 7.6M | 20.1M |
| Receivables | 13.6M | 19.5M | 11.0M | 985,295 |
| Prepaid Assets | 171,680 | 203,451 | 55,707 | 41,626 |
| Current Assets | 30.3M | 34.1M | 18.7M | 21.1M |
| Gross PPE | 2.5M | 45,418 | 64,897 | 84,375 |
| Accumulated Depreciation | -24,709 | 0.00 | -- | -- |
| Net PPE | 2.5M | 45,418 | 64,897 | 84,375 |
| Goodwill And Other Intangible Assets | 3.5M | 0.00 | -- | -- |
| Other Intangible Assets | 3.5M | -- | -- | -- |
| Investments And Advances | 1.00 | 1.00 | 1.00 | 1.00 |
| Long Term Equity Investment | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Non Current Assets | 23.5M | 19.9M | 23.9M | 14.1M |
| Total Assets | 53.8M | 54.0M | 42.6M | 35.2M |
| Current Debt | 10.2M | -- | 2.0M | -- |
| Current Debt And Capital Lease Obligation | 10.2M | 21,926 | 2.1M | 14,972 |
| Accounts Payable | 1.1M | 492,101 | 401,887 | 161,846 |
| Payables | 1.3M | 492,101 | 483,887 | 161,846 |
| Payables And Accrued Expenses | 1.3M | 492,101 | 483,887 | 186,064 |
| Current Accrued Expenses | -- | -- | 35,168 | 24,218 |
| Current Liabilities | 11.5M | 526,345 | 2.6M | 201,036 |
| Long Term Debt | 34.3M | 36.2M | 19.4M | 20.5M |
| Long Term Debt And Capital Lease Obligation | 34.3M | 36.3M | 19.5M | 20.6M |
| Long Term Capital Lease Obligation | 3,683 | 30,683 | 52,609 | 71,744 |
| Other Non Current Liabilities | 294,659 | -- | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 35.3M | 36.4M | 19.6M | 20.6M |
| Total Liabilities Net Minority Interest | 46.8M | 36.9M | 22.2M | 20.8M |
| Common Stock | 30.4M | 30.4M | 30.3M | 23.2M |
| Capital Stock | 30.4M | 30.4M | 30.3M | 23.2M |
| Retained Earnings | -28.7M | -17.6M | -12.7M | -10.5M |
| Gains Losses Not Affecting Retained Earnings | 3.5M | 2.6M | 2.2M | 1.7M |
| Common Stock Equity | 5.2M | 15.3M | 19.8M | 14.4M |
| Stockholders Equity | 5.2M | 15.3M | 19.8M | 14.4M |
| Total Equity Gross Minority Interest | 7.0M | 17.1M | 20.4M | 14.4M |
| Minority Interest | 1.8M | 1.8M | 603,253 | 0.00 |
| Total Capitalization | 39.5M | 51.6M | 39.2M | 34.9M |
| Net Tangible Assets | 1.7M | 15.3M | 19.8M | 14.4M |
| Tangible Book Value | 1.7M | 15.3M | 19.8M | 14.4M |
| Working Capital | 18.8M | 33.6M | 16.1M | 20.9M |
| Invested Capital | 49.7M | 51.6M | 41.3M | 34.9M |
| Total Debt | 44.5M | 36.3M | 21.6M | 20.6M |
| Net Debt | 27.9M | 21.8M | 13.9M | 414,541 |
| Share Issued | 43.4M | 43.3M | 43.1M | 33.3M |
| Ordinary Shares Number | 43.4M | 43.3M | 43.1M | 33.3M |
| Accrued Interest Receivable | 1.5M | 1.4M | 579,960 | 304,980 |
| Buildings And Improvements | 25,940 | 45,418 | 64,897 | 84,375 |
| Capital Lease Obligations | 30,682 | 52,609 | 71,707 | 86,716 |
| Current Capital Lease Obligation | 26,999 | 21,926 | 19,098 | 14,972 |
| Financial Assets | 1.00 | 104,356 | 0.00 | -- |
| Income Tax Payable | 9,129 | 0.00 | 82,000 | 0.00 |
| Investmentsin Associatesat Cost | -- | -- | -- | 1.00 |
| Loans Receivable | 10.6M | 17.7M | 10.3M | 274,204 |
| Long Term Provisions | 294,659 | -- | -- | -- |
| Non Current Deferred Assets | 2,992 | 46,540 | 189,739 | 92,679 |
| Non Current Deferred Liabilities | 753,250 | 103,734 | 129,000 | 0.00 |
| Non Current Deferred Revenue | 570,000 | 0.00 | -- | -- |
| Non Current Deferred Taxes Assets | -- | 0.00 | 125,296 | 0.00 |
| Non Current Deferred Taxes Liabilities | 183,250 | 103,734 | 129,000 | 0.00 |
| Non Current Note Receivables | 17.5M | 19.7M | 23.7M | 13.9M |
| Other Current Borrowings | 10.2M | -- | 2.0M | -- |
| Other Payable | 170,350 | -- | -- | -- |
| Other Properties | -- | -- | -- | 84,375 |
| Other Receivables | 1.7M | 289,790 | 170,237 | 406,111 |
| Pensionand Other Post Retirement Benefit Plans Current | 9,402 | 12,318 | 49,010 | 0.00 |
| Properties | 2.5M | 0.00 | 0.00 | 0.00 |
| Receivables Adjustments Allowances | -129,841 | 0.00 | -- | -- |
| Taxes Receivable | 17,396 | 22,743 | 0.00 | -- |
| Total Tax Payable | 9,129 | 0.00 | 82,000 | 0.00 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 2.5M | 792,287 | 141,563 | 143,314 |
| Cash Flow From Continuing Operating Activities | 2.5M | 792,287 | 141,563 | 143,314 |
| Depreciation And Amortization | -- | 19,478 | 19,478 | 12,981 |
| Depreciation Amortization Depletion | 822,979 | 372,122 | 364,292 | 304,712 |
| Stock Based Compensation | 138,288 | 404,627 | 89,010 | 853,000 |
| Deferred Tax | 79,516 | -25,266 | 129,000 | 0.00 |
| Deferred Income Tax | 79,516 | -25,266 | 129,000 | 0.00 |
| Change In Working Capital | -320,845 | -1.1M | 248,898 | -189,822 |
| Changes In Account Receivables | -392,253 | -267,297 | -53,187 | -- |
| Change In Receivables | -386,906 | -290,040 | -53,187 | -285,016 |
| Change In Payables And Accrued Expense | 66,061 | 8,214 | 302,085 | 95,194 |
| Change In Payable | 66,061 | 8,214 | 302,085 | 95,194 |
| Change In Other Current Assets | 0.00 | -852,036 | 0.00 | -- |
| Other Non Cash Items | 1.1M | -1.5M | 16,718 | 1.0M |
| Capital Expenditure | -11.2M | -5.5M | -12.6M | -9.1M |
| Purchase Of PPE | -11.2M | -5.4M | -12.6M | -9.1M |
| Net PPE Purchase And Sale | -11.2M | -5.4M | -12.6M | -9.1M |
| Purchase Of Business | -- | 0.00 | -5.7M | 0.00 |
| Investing Cash Flow | -1.9M | -3.6M | -17.4M | 616,208 |
| Cash Flow From Continuing Investing Activities | -1.9M | -3.6M | -17.4M | 616,208 |
| Issuance Of Debt | -- | 16.5M | 0.00 | 9.6M |
| Repayment Of Debt | -25,189 | -1.7M | -21,271 | -10,640 |
| Net Issuance Payments Of Debt | -25,189 | -1.7M | -21,271 | 9.6M |
| Issuance Of Capital Stock | 6.3M | 16.5M | 7.3M | 0.00 |
| Net Common Stock Issuance | 6.3M | 16.5M | 7.3M | 0.00 |
| Financing Cash Flow | 1.2M | 9.9M | 4.4M | 7.6M |
| Cash Flow From Continuing Financing Activities | 1.2M | 9.9M | 4.4M | 7.6M |
| Effect Of Exchange Rate Changes | 222,170 | -212,803 | 370,805 | -6,000 |
| Changes In Cash | 1.9M | 7.1M | -12.9M | 8.4M |
| Beginning Cash Position | 14.4M | 7.6M | 20.1M | 11.7M |
| End Cash Position | 16.5M | 14.4M | 7.6M | 20.1M |
| Free Cash Flow | -8.7M | -4.7M | -12.5M | -8.9M |
| Asset Impairment Charge | 9.5M | 4.3M | 473,000 | 0.00 |
| Cash Dividends Paid | -1.7M | -1.7M | -1.5M | -1.3M |
| Change In Account Payable | 92,876 | 90,214 | 220,085 | 95,194 |
| Change In Income Tax Payable | -26,815 | -82,000 | 82,000 | 0.00 |
| Change In Tax Payable | -26,815 | -82,000 | 82,000 | 0.00 |
| Common Stock Issuance | 6.3M | 16.5M | 7.3M | 0.00 |
| Depletion | -- | 352,644 | 344,814 | 291,731 |
| Depreciation | -- | 19,478 | 19,478 | 12,981 |
| Dividends Received Cfi | -- | 0.00 | 264,356 | 0.00 |
| Earnings Losses From Equity Investments | -- | 0.00 | -159,073 | 0.00 |
| Gain Loss On Investment Securities | 104,355 | 13,462 | -- | -- |
| Gain Loss On Sale Of PPE | -- | -- | -- | 0.00 |
| Interest Paid Cff | -3.0M | -3.1M | -1.2M | -612,202 |
| Interest Received Cfo | -- | -- | 0.00 | 283,993 |
| Long Term Debt Issuance | -- | -- | 0.00 | 9.6M |
| Long Term Debt Payments | -25,189 | -1.7M | -21,271 | -10,640 |
| Net Business Purchase And Sale | -- | 0.00 | -5.7M | 0.00 |
| Net Foreign Currency Exchange Gain Loss | 453,174 | 217,808 | -572,654 | 6,000 |
| Net Income From Continuing Operations | -9.3M | -1.8M | -433,816 | -2.1M |
| Net Intangibles Purchase And Sale | 0.00 | -117,820 | 0.00 | -- |
| Net Long Term Debt Issuance | -25,189 | -1.7M | -21,271 | 9.6M |
| Net Other Financing Charges | -225,632 | -126,240 | -151,149 | -10,212 |
| Net Other Investing Changes | 9.4M | 1.9M | 688,476 | 9.7M |
| Net Short Term Debt Issuance | -- | 16.5M | 0.00 | -- |
| Operating Gains Losses | 557,529 | 231,270 | -731,727 | 6,000 |
| Proceeds From Stock Option Exercised | -19,824 | -45,196 | 0.00 | 0.00 |
| Purchase Of Intangibles | 0.00 | -117,820 | 0.00 | -- |
| Sale Of PPE | -- | -- | -- | 0.00 |
| Short Term Debt Issuance | -- | 16.5M | 0.00 | -- |
| Unrealized Gain Loss On Investment Securities | -59,436 | -81,608 | -13,812 | -10,104 |