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 | 89.4M | 81.2M | 53.0M | 40.0M |
| Operating Revenue | 89.4M | 81.2M | 53.0M | 40.0M |
| Cost Of Revenue | 64.3M | 53.2M | 34.1M | 27.9M |
| Gross Profit | 25.1M | 28.0M | 18.9M | 12.1M |
| Selling General And Administration | 7.5M | 7.0M | 6.1M | 5.0M |
| General And Administrative Expense | 7.5M | 7.0M | 6.1M | 5.0M |
| Other Operating Expenses | 425,992 | 117,500 | 169,417 | 378,431 |
| Operating Expense | 7.9M | 7.1M | 6.2M | 5.4M |
| Operating Income | 17.2M | 20.8M | 12.6M | 6.7M |
| EBIT | 17.0M | 20.5M | 8.7M | 8.1M |
| Interest Expense | 7.0M | 6.5M | 4.9M | 5.3M |
| Interest Expense Non Operating | 7.0M | 6.5M | 4.9M | 5.3M |
| Net Interest Income | -7.0M | -6.5M | -4.9M | -5.3M |
| Other Income Expense | -198,344 | -390,547 | -3.9M | 1.4M |
| Other Non Operating Income Expenses | -155,953 | -68,088 | 209,255 | 301,877 |
| Special Income Charges | -506,630 | 34,974 | -4.3M | 1.3M |
| Restructuring And Mergern Acquisition | 506,630 | -34,974 | 4.3M | 0.00 |
| Gain On Sale Of Security | 464,239 | -357,433 | 206,532 | -217,338 |
| Pretax Income | 10.1M | 14.0M | 3.8M | 2.8M |
| Tax Provision | 5.8M | 11.2M | 3.5M | 4.0M |
| Tax Effect Of Unusual Items | -6,359 | -128,984 | -1.1M | 282,312 |
| Net Income From Continuing And Discontinued Operation | 4.2M | 2.8M | 257,540 | -1.2M |
| Net Income From Continuing Operation Net Minority Interest | 4.2M | 2.8M | 257,540 | -1.2M |
| Net Income Including Noncontrolling Interests | 4.2M | 2.8M | 257,540 | -1.2M |
| Minority Interests | -- | -- | -- | 0.00 |
| Net Income Common Stockholders | 4.2M | 2.8M | 257,540 | -1.2M |
| Net Income | 4.2M | 2.8M | 257,540 | -1.2M |
| EBITDA | 33.2M | 31.1M | 12.6M | 11.2M |
| Normalized EBITDA | 33.2M | 31.4M | 16.7M | 10.1M |
| Reconciled Depreciation | 16.1M | 10.7M | 3.9M | 3.1M |
| Basic EPS | 0.05 | 0.03 | 0.00 | -0.02 |
| Diluted EPS | 0.04 | 0.03 | 0.00 | -0.02 |
| Basic Average Shares | 91.8M | 91.3M | 85.1M | 63.9M |
| Diluted Average Shares | 94.3M | 93.9M | 87.2M | 63.9M |
| Total Unusual Items | -42,391 | -322,459 | -4.1M | 1.1M |
| Total Unusual Items Excluding Goodwill | -42,391 | -322,459 | -4.1M | 1.1M |
| Tax Rate For Calcs | 0.15 | 0.40 | 0.26 | 0.27 |
| Normalized Income | 4.3M | 3.0M | 3.3M | -2.0M |
| Diluted NI Availto Com Stockholders | 4.2M | 2.8M | 257,540 | -1.2M |
| Gain On Sale Of Business | -- | -- | -- | 0.00 |
| Impairment Of Capital Assets | -- | -- | 0.00 | -237,290 |
| Net Income Continuous Operations | 4.2M | 2.8M | 257,540 | -1.2M |
| Net Income Discontinuous Operations | -- | -- | -- | 0.00 |
| Net Non Operating Interest Income Expense | -7.0M | -6.5M | -4.9M | -5.3M |
| Other Gand A | 3.5M | 2.8M | 2.7M | 2.1M |
| Other Special Charges | -- | -- | -- | -1.0M |
| Reconciled Cost Of Revenue | 64.3M | 53.2M | 34.1M | 27.9M |
| Salaries And Wages | 4.0M | 4.2M | 3.3M | 2.8M |
| Total Expenses | 72.2M | 60.3M | 40.3M | 33.3M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 7.8M | 1.8M | 529,667 | 251,612 |
| Cash Cash Equivalents And Short Term Investments | 7.8M | 1.8M | 529,667 | 251,612 |
| Cash Financial | 7.8M | 1.8M | 529,667 | 251,612 |
| Accounts Receivable | 4.2M | 1.3M | 1.0M | 390,679 |
| Receivables | 16.0M | 11.7M | 6.8M | 4.5M |
| Inventory | 7.4M | 8.2M | 4.8M | 4.4M |
| Prepaid Assets | 1.1M | 953,873 | 767,280 | 733,670 |
| Current Assets | 32.3M | 22.7M | 12.8M | 9.8M |
| Gross PPE | 82.8M | 72.7M | 38.7M | 30.2M |
| Accumulated Depreciation | -35.9M | -21.3M | -8.8M | -5.6M |
| Net PPE | 46.9M | 51.4M | 38.7M | 24.7M |
| Other Non Current Assets | -- | -- | -2.00 | -- |
| Total Non Current Assets | 46.9M | 51.4M | 38.7M | 24.7M |
| Total Assets | 79.2M | 74.1M | 51.5M | 34.5M |
| Current Debt | 2.5M | 5.7M | 1.9M | 404,507 |
| Current Debt And Capital Lease Obligation | 2.9M | 6.0M | 2.2M | 404,507 |
| Accounts Payable | 7.1M | 7.4M | 7.0M | 5.0M |
| Payables | 11.8M | 14.0M | 9.0M | 8.4M |
| Payables And Accrued Expenses | 12.6M | 14.3M | 9.3M | 9.1M |
| Current Accrued Expenses | 769,271 | 316,906 | 239,598 | 759,953 |
| Current Deferred Revenue | 1.4M | 228,488 | 9,488 | 2.4M |
| Current Liabilities | 19.0M | 22.3M | 12.7M | 13.5M |
| Long Term Debt | 31.1M | 25.0M | 26.3M | 18.7M |
| Long Term Debt And Capital Lease Obligation | 32.0M | 25.3M | 26.6M | 18.7M |
| Long Term Capital Lease Obligation | 899,969 | 347,636 | 274,908 | 0.00 |
| Other Non Current Liabilities | 2.2M | 2.2M | 2.9M | 502,034 |
| Total Non Current Liabilities Net Minority Interest | 44.2M | 37.6M | 36.0M | 22.6M |
| Total Liabilities Net Minority Interest | 63.3M | 59.9M | 48.7M | 36.0M |
| Common Stock | 54.7M | 54.5M | 54.4M | 48.1M |
| Capital Stock | 54.7M | 54.5M | 54.4M | 48.1M |
| Additional Paid In Capital | 7.7M | 7.2M | 7.2M | 7.2M |
| Retained Earnings | -51.8M | -56.0M | -58.8M | -59.1M |
| Gains Losses Not Affecting Retained Earnings | -1.3M | 1.9M | -6.2M | -3.4M |
| Other Equity Adjustments | -1.3M | 1.9M | -6.2M | -3.4M |
| Common Stock Equity | 16.0M | 14.2M | 2.8M | -1.5M |
| Stockholders Equity | 16.0M | 14.2M | 2.8M | -1.5M |
| Total Equity Gross Minority Interest | 16.0M | 14.2M | 2.8M | -1.5M |
| Minority Interest | -- | -- | -- | 0.00 |
| Total Capitalization | 47.1M | 39.1M | 29.1M | 17.2M |
| Net Tangible Assets | 16.0M | 14.2M | 2.8M | -1.5M |
| Tangible Book Value | 16.0M | 14.2M | 2.8M | -1.5M |
| Working Capital | 13.3M | 305,971 | 89,138 | -3.7M |
| Invested Capital | 49.6M | 44.8M | 31.0M | 17.6M |
| Total Debt | 34.9M | 31.3M | 28.8M | 19.1M |
| Net Debt | 25.8M | 28.9M | 27.7M | 18.9M |
| Share Issued | 92.1M | 91.3M | 91.1M | 66.1M |
| Ordinary Shares Number | 92.1M | 91.3M | 91.1M | 66.1M |
| Assets Held For Sale Current | -- | -- | -- | 0.00 |
| Buildings And Improvements | 6.3M | 3.3M | 1.2M | 827,801 |
| Capital Lease Obligations | 1.3M | 652,952 | 518,227 | 0.00 |
| Construction In Progress | 25,199 | 2.5M | 14.4M | 6.2M |
| Current Capital Lease Obligation | 371,897 | 305,316 | 243,319 | 0.00 |
| Current Deferred Liabilities | 1.4M | 228,488 | 9,488 | 2.4M |
| Current Notes Payable | -- | -- | 0.00 | 404,507 |
| Finished Goods | 1.5M | 1.7M | 529,721 | 253,452 |
| Income Tax Payable | 3.2M | 3.2M | 616,147 | -- |
| Long Term Provisions | 1.9M | 1.9M | 1.4M | 282,434 |
| Machinery Furniture Equipment | 20.5M | 18.3M | 16.2M | 9.9M |
| Non Current Deferred Liabilities | 8.1M | 8.2M | 5.1M | 3.0M |
| Non Current Deferred Revenue | 2.8M | 1.1M | 1.5M | 71,206 |
| Non Current Deferred Taxes Liabilities | 5.3M | 7.0M | 3.5M | 3.0M |
| Non Current Note Receivables | -- | 0.00 | 54,032 | 31,944 |
| Other Current Borrowings | 2.5M | 5.7M | 1.9M | -- |
| Other Equity Interest | 6.6M | 6.6M | 6.3M | 5.6M |
| Other Inventories | -- | -- | -- | 1.00 |
| Other Payable | 1.5M | 3.4M | 1.4M | 754,647 |
| Other Properties | 1.9M | 1.0M | 629,462 | 9.3M |
| Other Receivables | 594,760 | 608,047 | 613,845 | 604,383 |
| Pensionand Other Post Retirement Benefit Plans Current | 2.2M | 1.9M | 1.2M | 1.6M |
| Properties | 54.2M | 47.7M | 38.7M | 13.3M |
| Raw Materials | 5.9M | 6.5M | 4.2M | 4.1M |
| Taxes Receivable | 11.2M | 9.8M | 5.1M | 3.5M |
| Total Tax Payable | 3.2M | 3.2M | 616,147 | 2.6M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 21.0M | 19.2M | 10.2M | 9.5M |
| Cash Flow From Continuing Operating Activities | 21.0M | 19.2M | 10.2M | 9.5M |
| Depreciation And Amortization | 16.1M | 10.7M | 3.9M | 3.1M |
| Depreciation Amortization Depletion | 16.1M | 10.7M | 3.9M | 3.1M |
| Stock Based Compensation | 140,233 | 358,054 | 647,666 | 199,161 |
| Deferred Tax | -1.7M | 3.5M | 565,000 | 4.0M |
| Deferred Income Tax | -1.7M | 3.5M | 565,000 | 4.0M |
| Change In Working Capital | -5.0M | -5.0M | -4.0M | -1.5M |
| Change In Receivables | -4.2M | -5.0M | -2.1M | -1.3M |
| Change In Inventory | 794,282 | -2.1M | -1.0M | -94,472 |
| Change In Payables And Accrued Expense | -1.4M | 2.3M | -821,318 | -204,240 |
| Other Non Cash Items | 7.6M | 6.5M | 9.1M | 4.8M |
| Capital Expenditure | -11.5M | -14.7M | -19.1M | -8.5M |
| Purchase Of PPE | -- | -- | -- | -763,627 |
| Net PPE Purchase And Sale | 0.00 | 230,499 | 370,132 | 498,340 |
| Purchase Of Business | -- | -- | -- | 0.00 |
| Investing Cash Flow | -11.5M | -14.3M | -19.7M | -8.0M |
| Cash Flow From Continuing Investing Activities | -11.5M | -14.3M | -19.7M | -8.0M |
| Issuance Of Debt | 1.3M | 0.00 | 7.3M | 0.00 |
| Repayment Of Debt | -4.6M | -3.5M | -699,891 | 0.00 |
| Net Issuance Payments Of Debt | -3.3M | -3.5M | 6.6M | 0.00 |
| Issuance Of Capital Stock | -- | -- | -- | 0.00 |
| Net Common Stock Issuance | -- | -- | -- | 0.00 |
| Financing Cash Flow | -714,198 | -4.2M | 9.4M | -3.6M |
| Cash Flow From Continuing Financing Activities | -714,198 | -4.2M | 9.4M | -3.6M |
| Effect Of Exchange Rate Changes | -2.7M | 635,204 | 353,538 | -139,603 |
| Changes In Cash | 8.7M | 616,832 | -75,483 | -2.0M |
| Beginning Cash Position | 1.8M | 529,667 | 251,612 | 2.4M |
| End Cash Position | 7.8M | 1.8M | 529,667 | 251,612 |
| Free Cash Flow | 9.5M | 4.5M | -8.9M | 1.1M |
| Asset Impairment Charge | -- | -- | -- | 0.00 |
| Capital Expenditure Reported | -11.5M | -14.7M | -19.1M | -8.5M |
| Change In Prepaid Assets | -168,281 | -186,593 | -33,610 | 134,710 |
| Common Stock Issuance | -- | -- | -- | 0.00 |
| Depreciation | 16.1M | 10.7M | 3.9M | 3.1M |
| Long Term Debt Issuance | 1.3M | 0.00 | 7.3M | 0.00 |
| Long Term Debt Payments | -4.6M | -3.5M | -699,891 | 0.00 |
| Net Business Purchase And Sale | -- | -- | -- | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -464,239 | 357,433 | -206,532 | 174,375 |
| Net Income From Continuing Operations | 4.2M | 2.8M | 257,540 | -1.2M |
| Net Long Term Debt Issuance | -3.3M | -3.5M | 6.6M | 0.00 |
| Net Other Financing Charges | 2.4M | -823,418 | -3.4M | -4.7M |
| Net Other Investing Changes | -- | 134,970 | -941,302 | -- |
| Operating Gains Losses | -464,239 | 357,433 | -206,532 | 174,375 |
| Proceeds From Stock Option Exercised | 145,000 | 49,000 | 6.2M | 1.1M |
| Sale Of PPE | 0.00 | 230,499 | 370,132 | 498,340 |
| Taxes Refund Paid | -- | -- | -- | -708,625 |