Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 |
|---|---|---|---|
| Total Revenue | 194.2M | 185.5M | 153.7M |
| Operating Revenue | 194.2M | 185.5M | 153.7M |
| Cost Of Revenue | 103.9M | 101.1M | 68.6M |
| Gross Profit | 90.4M | 84.4M | 85.1M |
| Selling General And Administration | 19.4M | 21.7M | 18.5M |
| General And Administrative Expense | 12.2M | 14.4M | 12.0M |
| Depreciation And Amortization In Income Statement | 35.3M | 27.1M | 4.9M |
| Other Operating Expenses | 48.5M | 51.0M | 37.9M |
| Operating Expense | 103.3M | 99.8M | 61.3M |
| Operating Income | -12.9M | -15.5M | 23.8M |
| EBIT | -38.7M | 19.3M | 15.3M |
| Interest Expense | 10.9M | 9.0M | 2.3M |
| Interest Expense Non Operating | 10.9M | 9.0M | 2.3M |
| Net Interest Income | -11.3M | -9.1M | -2.9M |
| Other Income Expense | -25.4M | 34.9M | -8.0M |
| Other Non Operating Income Expenses | 929,549 | -382,281 | -134,412 |
| Special Income Charges | -20.7M | 31.1M | 1.8M |
| Restructuring And Mergern Acquisition | 2.0M | -48.6M | 709,479 |
| Write Off | 1.3M | 602,929 | 302,930 |
| Gain On Sale Of Security | -7.8M | 3.0M | -1.1M |
| Earnings From Equity Interest | 2.1M | 1.2M | -8.6M |
| Pretax Income | -49.6M | 10.3M | 13.0M |
| Tax Provision | -2.0M | -4.4M | 7.6M |
| Tax Effect Of Unusual Items | -1.2M | 13.6M | 194,065 |
| Net Income From Continuing And Discontinued Operation | -48.7M | 13.9M | 3.4M |
| Net Income From Continuing Operation Net Minority Interest | -48.7M | 13.9M | 3.4M |
| Net Income Including Noncontrolling Interests | -47.6M | 14.8M | 5.4M |
| Minority Interests | -1.1M | -814,364 | -2.0M |
| Net Income Common Stockholders | -48.7M | 13.9M | 3.4M |
| Net Income | -48.7M | 13.9M | 3.4M |
| EBITDA | -3.4M | 46.4M | 20.2M |
| Normalized EBITDA | 25.1M | 12.3M | 19.4M |
| Reconciled Depreciation | 35.3M | 27.1M | 4.9M |
| Basic EPS | -2.08 | 0.64 | 0.15 |
| Diluted EPS | -2.08 | 0.64 | 0.15 |
| Basic Average Shares | 23.0M | 21.0M | 22.2M |
| Diluted Average Shares | 23.0M | 21.1M | 22.2M |
| Total Unusual Items | -28.5M | 34.1M | 740,424 |
| Total Unusual Items Excluding Goodwill | -28.5M | 34.1M | 740,424 |
| Tax Rate For Calcs | 0.04 | 0.40 | 0.26 |
| Normalized Income | -21.4M | -6.5M | 2.8M |
| Depreciation Amortization Depletion Income Statement | 35.3M | 27.1M | 4.9M |
| Diluted NI Availto Com Stockholders | -48.7M | 13.9M | 3.4M |
| Gain On Sale Of Business | -103,200 | -3.3M | 0.00 |
| Gain On Sale Of Ppe | 1.5M | 0.00 | 2.8M |
| Impairment Of Capital Assets | 18.7M | 13.6M | 0.00 |
| Net Income Continuous Operations | -47.6M | 14.8M | 5.4M |
| Net Non Operating Interest Income Expense | -11.3M | -9.1M | -2.9M |
| Other Gand A | 10.1M | 9.7M | 7.5M |
| Other Special Charges | 871,607 | -8.7M | -- |
| Reconciled Cost Of Revenue | 103.9M | 101.1M | 68.6M |
| Salaries And Wages | 2.1M | 4.7M | 4.5M |
| Selling And Marketing Expense | 7.2M | 7.4M | 6.6M |
| Total Expenses | 207.2M | 201.0M | 129.8M |
| Total Operating Income As Reported | -15.8M | -19.2M | 22.2M |
| Total Other Finance Cost | 367,650 | 159,904 | 560,511 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 |
|---|---|---|---|
| Cash And Cash Equivalents | 22.9M | 26.9M | 31.2M |
| Cash Cash Equivalents And Short Term Investments | 22.9M | 26.9M | 31.2M |
| Accounts Receivable | 13.5M | 17.1M | 11.4M |
| Receivables | 17.3M | 22.2M | 14.2M |
| Prepaid Assets | 2.1M | 2.1M | 1.6M |
| Other Current Assets | 10,120 | 35,310 | 81,690 |
| Current Assets | 42.2M | 51.6M | 47.1M |
| Gross PPE | 8.1M | 8.2M | 9.3M |
| Accumulated Depreciation | -2.5M | -2.1M | -2.0M |
| Net PPE | 5.5M | 6.0M | 7.3M |
| Goodwill | 143.9M | 159.4M | 33.0M |
| Goodwill And Other Intangible Assets | 248.9M | 294.1M | 78.5M |
| Other Intangible Assets | 105.0M | 134.7M | 45.5M |
| Investments And Advances | 44.8M | 39.0M | 32.9M |
| Long Term Equity Investment | 41.5M | 36.0M | 28.2M |
| Other Non Current Assets | 564,798 | 481,897 | 1.8M |
| Total Non Current Assets | 308.3M | 341.1M | 121.6M |
| Total Assets | 350.5M | 392.6M | 168.7M |
| Current Debt | 16.2M | 10.6M | 3.1M |
| Current Debt And Capital Lease Obligation | 16.4M | 10.8M | 3.3M |
| Accounts Payable | 18.9M | 20.5M | 25.1M |
| Payables | 27.2M | 28.4M | 35.9M |
| Payables And Accrued Expenses | 31.4M | 35.3M | 36.5M |
| Current Accrued Expenses | 4.3M | 6.9M | 629,317 |
| Current Deferred Revenue | 13.7M | 11.4M | 5.6M |
| Other Current Liabilities | 19,784 | 64,959 | 586,364 |
| Current Liabilities | 61.5M | 57.5M | 46.0M |
| Long Term Debt | 100.8M | 120.7M | 66.7M |
| Long Term Debt And Capital Lease Obligation | 100.8M | 120.9M | 67.7M |
| Long Term Capital Lease Obligation | 48,405 | 255,013 | 953,205 |
| Total Non Current Liabilities Net Minority Interest | 106.9M | 132.5M | 83.8M |
| Total Liabilities Net Minority Interest | 168.5M | 190.1M | 129.9M |
| Common Stock | 183.4M | 160.9M | 6.9M |
| Capital Stock | 183.4M | 160.9M | 6.9M |
| Additional Paid In Capital | 40.9M | 40.9M | 39.5M |
| Retained Earnings | -59.9M | -11.2M | -23.8M |
| Gains Losses Not Affecting Retained Earnings | 10.4M | 3.3M | 6.0M |
| Other Equity Adjustments | 10.4M | 3.3M | 6.0M |
| Common Stock Equity | 174.9M | 193.9M | 28.5M |
| Stockholders Equity | 174.9M | 193.9M | 28.5M |
| Total Equity Gross Minority Interest | 182.1M | 202.6M | 38.9M |
| Minority Interest | 7.2M | 8.7M | 10.3M |
| Total Capitalization | 275.7M | 314.5M | 95.2M |
| Net Tangible Assets | -74.0M | -100.2M | -50.0M |
| Tangible Book Value | -74.0M | -100.2M | -50.0M |
| Working Capital | -19.3M | -6.0M | 1.1M |
| Invested Capital | 291.8M | 325.1M | 98.3M |
| Total Debt | 117.2M | 131.7M | 71.0M |
| Net Debt | 94.1M | 104.3M | 38.6M |
| Share Issued | 23.4M | 22.4M | 22.2M |
| Ordinary Shares Number | 23.4M | 22.4M | 22.2M |
| Allowance For Doubtful Accounts Receivable | -- | -514,641 | -473,964 |
| Available For Sale Securities | 3.4M | 3.0M | 4.6M |
| Buildings And Improvements | 2.0M | 2.0M | 2.0M |
| Capital Lease Obligations | 268,631 | 471,379 | 1.2M |
| Current Capital Lease Obligation | 220,226 | 216,366 | 207,215 |
| Current Deferred Liabilities | 13.7M | 11.4M | 5.6M |
| Dividends Payable | -- | 0.00 | 7.7M |
| Duefrom Related Parties Current | 474,513 | 1.7M | 1.3M |
| Duefrom Related Parties Non Current | 3.1M | 0.00 | -- |
| Dueto Related Parties Current | 13,829 | 1.4M | 8,406 |
| Financial Assets | 683,639 | 264,949 | 215,387 |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | -- | 3.0M | 4.6M |
| Gross Accounts Receivable | -- | 17.1M | 11.4M |
| Income Tax Payable | 6.0M | 3.4M | 2.2M |
| Interest Payable | 982,179 | 1.2M | 629,317 |
| Investmentin Financial Assets | 3.4M | 3.0M | 4.6M |
| Investmentsin Associatesat Cost | 41.5M | 36.0M | 28.2M |
| Land And Improvements | 2.9M | 2.9M | 2.9M |
| Leases | 116,371 | 116,371 | 680,844 |
| Machinery Furniture Equipment | 3.0M | 3.1M | 3.2M |
| Non Current Accounts Receivable | 3.2M | 128,112 | 222,073 |
| Non Current Deferred Assets | 4.7M | 1.1M | 762,626 |
| Non Current Deferred Liabilities | 6.1M | 11.6M | 6.7M |
| Non Current Deferred Taxes Assets | 4.7M | 1.1M | 762,626 |
| Non Current Deferred Taxes Liabilities | 6.1M | 11.6M | 6.7M |
| Non Current Note Receivables | 3.1M | 0.00 | -- |
| Other Current Borrowings | 16.2M | 10.6M | 3.1M |
| Other Payable | 921,686 | 1.4M | 774,707 |
| Other Properties | 27,267 | 52,437 | 567,326 |
| Other Receivables | 1.6M | 2.5M | 1.3M |
| Properties | 0.00 | 0.00 | 0.00 |
| Receivables Adjustments Allowances | -879,514 | -514,641 | -473,964 |
| Restricted Cash | 0.00 | 255,720 | 0.00 |
| Taxes Receivable | 2.6M | 1.4M | 667,360 |
| Total Tax Payable | 7.3M | 5.1M | 2.3M |
| Tradeand Other Payables Non Current | -- | 0.00 | 9.5M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 |
|---|---|---|---|
| Operating Cash Flow | 19.9M | 3.4M | 21.6M |
| Cash Flow From Continuing Operating Activities | 19.9M | 3.4M | 21.6M |
| Depreciation And Amortization | 35.3M | 27.1M | 4.9M |
| Depreciation Amortization Depletion | 35.3M | 27.1M | 4.9M |
| Stock Based Compensation | 2.1M | 4.7M | 4.5M |
| Deferred Tax | -2.0M | -4.4M | 7.6M |
| Deferred Income Tax | -2.0M | -4.4M | 7.6M |
| Change In Working Capital | 1.5M | -6.2M | -480,065 |
| Change In Receivables | 2.7M | -3.8M | -2.5M |
| Change In Payables And Accrued Expense | -2.8M | -3.2M | 3.3M |
| Change In Payable | -2.8M | -3.2M | 3.3M |
| Change In Other Working Capital | 1.6M | 619,203 | -1.9M |
| Change In Other Current Assets | -59,029 | 46,410 | 180,234 |
| Change In Other Current Liabilities | -- | 0.00 | 316,448 |
| Other Non Cash Items | 11.8M | -42.6M | 2.3M |
| Capital Expenditure | -517,292 | -664,200 | -4.3M |
| Purchase Of PPE | -486,876 | -553,471 | -1.3M |
| Net PPE Purchase And Sale | -486,876 | -553,471 | -1.3M |
| Purchase Of Business | -6.1M | -16.3M | -18.3M |
| Sale Of Business | 0.00 | 10.4M | 0.00 |
| Purchase Of Investment | -4.8M | -16.4M | -8.8M |
| Sale Of Investment | 170,000 | 0.00 | -- |
| Net Investment Purchase And Sale | -4.8M | -16.4M | -8.8M |
| Investing Cash Flow | -8.4M | -18.5M | -28.5M |
| Cash Flow From Continuing Investing Activities | -8.4M | -18.5M | -28.5M |
| Issuance Of Debt | 13.0M | 29.6M | 76.6M |
| Repayment Of Debt | -37.7M | -12.7M | -14.9M |
| Net Issuance Payments Of Debt | -24.7M | 16.8M | 61.6M |
| Issuance Of Capital Stock | 20.8M | 12.6M | 25,060 |
| Net Common Stock Issuance | 20.8M | 12.6M | 25,060 |
| Common Stock Dividend Paid | 0.00 | -9.0M | -43.9M |
| Financing Cash Flow | -15.3M | 11.5M | 11.0M |
| Cash Flow From Continuing Financing Activities | -15.3M | 11.5M | 11.0M |
| Effect Of Exchange Rate Changes | -280,674 | -618,294 | 0.00 |
| Changes In Cash | -3.8M | -3.6M | 4.1M |
| Beginning Cash Position | 26.9M | 31.2M | 27.1M |
| End Cash Position | 22.9M | 26.9M | 31.2M |
| Free Cash Flow | 19.4M | 2.7M | 17.3M |
| Asset Impairment Charge | 20.0M | 14.2M | 302,930 |
| Capital Expenditure Reported | -486,876 | -553,471 | -1.3M |
| Cash Dividends Paid | 0.00 | -9.0M | -43.9M |
| Change In Prepaid Assets | 18,772 | 96,526 | 79,585 |
| Common Stock Issuance | 20.8M | 12.6M | 25,060 |
| Dividends Received Cfi | 2.4M | 2.1M | 0.00 |
| Earnings Losses From Equity Investments | -2.1M | -1.2M | 8.6M |
| Gain Loss On Sale Of Business | 103,200 | 3.3M | -249,900 |
| Gain Loss On Sale Of PPE | -1.5M | 0.00 | -2.8M |
| Interest Paid Cff | -11.3M | -8.4M | -1.8M |
| Interest Received Cfi | 14,261 | 22,891 | 0.00 |
| Long Term Debt Issuance | 13.0M | 29.6M | 76.6M |
| Long Term Debt Payments | -37.7M | -12.7M | -14.9M |
| Net Business Purchase And Sale | -6.1M | -6.0M | -18.3M |
| Net Foreign Currency Exchange Gain Loss | 10.2M | -1.9M | 720,857 |
| Net Income From Continuing Operations | -47.6M | 14.8M | 5.4M |
| Net Intangibles Purchase And Sale | 1.7M | -110,729 | -3.0M |
| Net Long Term Debt Issuance | -24.7M | 16.8M | 61.6M |
| Net Other Financing Charges | -73,822 | -537,392 | -5.0M |
| Net Other Investing Changes | -1.1M | 2.4M | 2.8M |
| Operating Gains Losses | 6.9M | 962,089 | 6.5M |
| Proceeds From Stock Option Exercised | 0.00 | 29,557 | -1,291 |
| Purchase Of Intangibles | -30,416 | -110,729 | -3.0M |
| Sale Of Intangibles | 1.7M | 0.00 | -- |
| Sale Of PPE | 6,980 | 543,111 | -- |
| Taxes Refund Paid | -6.1M | -4.2M | -8.9M |
| Unrealized Gain Loss On Investment Securities | -2.0M | -897,316 | -430,419 |