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 | 68.6M | 52.5M | 40.0M | 24.7M |
| Operating Revenue | 68.5M | 52.5M | 39.9M | 24.4M |
| Cost Of Revenue | 13.1M | 9.7M | 7.0M | 5.2M |
| Gross Profit | 55.5M | 42.8M | 32.9M | 19.4M |
| Selling General And Administration | 24.6M | 18.8M | 14.0M | 10.4M |
| General And Administrative Expense | 17.8M | 12.9M | 9.7M | 6.8M |
| Research And Development | 15.2M | 12.2M | 10.4M | 6.0M |
| Depreciation And Amortization In Income Statement | 6.0M | 5.0M | 3.9M | 2.7M |
| Operating Expense | 45.8M | 36.0M | 28.3M | 19.1M |
| Operating Income | 9.7M | 6.9M | 4.7M | 294,781 |
| EBIT | 5.9M | 5.4M | 1.4M | -1.5M |
| Interest Expense | 43,005 | 71,981 | 70,345 | 82,432 |
| Interest Expense Non Operating | 43,005 | 71,981 | 70,345 | 82,432 |
| Interest Income | 2.0M | 489,566 | -- | 29,548 |
| Interest Income Non Operating | 2.0M | 489,566 | -- | 29,548 |
| Net Interest Income | 1.9M | 417,585 | -70,345 | -52,884 |
| Other Income Expense | -5.8M | -1.9M | -3.3M | -1.9M |
| Special Income Charges | -5.5M | -2.2M | -3.1M | -1.7M |
| Restructuring And Mergern Acquisition | 5.5M | 2.2M | 3.1M | -128,270 |
| Gain On Sale Of Security | -209,733 | 296,824 | -150,399 | -137,927 |
| Pretax Income | 5.9M | 5.3M | 1.3M | -1.6M |
| Tax Provision | 2.9M | 778,248 | 92,081 | 333,076 |
| Tax Effect Of Unusual Items | -863,179 | -284,595 | -231,539 | -491,697 |
| Net Income From Continuing And Discontinued Operation | 3.0M | 4.5M | 1.2M | -1.9M |
| Net Income From Continuing Operation Net Minority Interest | 3.0M | 4.5M | 1.2M | -1.9M |
| Net Income Including Noncontrolling Interests | 3.0M | 4.5M | 1.2M | -1.9M |
| Net Income Common Stockholders | 3.0M | 4.5M | 1.2M | -1.9M |
| Net Income | 3.0M | 4.5M | 1.2M | -1.9M |
| EBITDA | 11.9M | 10.4M | 5.3M | 1.1M |
| Normalized EBITDA | 17.7M | 12.3M | 8.5M | 3.0M |
| Reconciled Depreciation | 6.0M | 5.0M | 3.9M | 2.7M |
| Basic EPS | 0.06 | 0.11 | 0.03 | -0.05 |
| Diluted EPS | 0.06 | 0.10 | 0.03 | -0.05 |
| Basic Average Shares | 49.2M | 43.6M | 41.5M | 36.4M |
| Diluted Average Shares | 50.9M | 46.6M | 42.6M | 36.4M |
| Total Unusual Items | -5.8M | -1.9M | -3.3M | -1.9M |
| Total Unusual Items Excluding Goodwill | -5.8M | -1.9M | -3.3M | -1.9M |
| Tax Rate For Calcs | 0.15 | 0.15 | 0.07 | 0.27 |
| Normalized Income | 7.9M | 6.2M | 4.3M | -582,876 |
| Amortization | 5.1M | 4.3M | 3.3M | 2.2M |
| Amortization Of Intangibles Income Statement | 5.1M | 4.3M | 3.3M | 2.2M |
| Depreciation Amortization Depletion Income Statement | 6.0M | 5.0M | 3.9M | 2.7M |
| Depreciation Income Statement | 813,906 | 718,581 | 593,150 | 434,906 |
| Diluted NI Availto Com Stockholders | 3.0M | 4.5M | 1.2M | -1.9M |
| Gain On Sale Of Business | -- | -- | -2.4M | -1.8M |
| Gain On Sale Of Ppe | 141.00 | 2,102 | -1,057 | -1,593 |
| Net Income Continuous Operations | 3.0M | 4.5M | 1.2M | -1.9M |
| Net Non Operating Interest Income Expense | 1.9M | 417,585 | -70,345 | -52,884 |
| Other Gand A | 15.5M | 11.8M | 8.6M | 5.1M |
| Reconciled Cost Of Revenue | 13.1M | 9.7M | 7.0M | 5.2M |
| Salaries And Wages | 2.3M | 1.2M | 1.1M | 1.7M |
| Selling And Marketing Expense | 6.8M | 5.9M | 4.3M | 3.6M |
| Total Expenses | 58.9M | 45.6M | 35.3M | 24.4M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 56.6M | 33.5M | 17.5M | 16.4M |
| Cash Cash Equivalents And Short Term Investments | 56.6M | 33.5M | 17.5M | 16.4M |
| Cash Financial | -- | -- | 17.5M | 16.4M |
| Accounts Receivable | 15.1M | 8.4M | 10.1M | 5.3M |
| Receivables | 16.0M | 9.3M | 11.4M | 5.6M |
| Inventory | 239,589 | 169,620 | 704,407 | 199,732 |
| Prepaid Assets | 2.4M | 964,560 | 998,514 | 472,669 |
| Current Assets | 75.2M | 43.9M | 30.6M | 22.6M |
| Gross PPE | 3.3M | 2.0M | 2.8M | 2.2M |
| Accumulated Depreciation | -1.4M | -890,582 | -1.4M | -931,596 |
| Net PPE | 2.0M | 1.1M | 1.4M | 1.2M |
| Goodwill | 76.9M | 44.9M | 43.3M | 29.3M |
| Goodwill And Other Intangible Assets | 128.5M | 73.8M | 74.2M | 48.9M |
| Other Intangible Assets | 51.6M | 28.9M | 30.8M | 19.6M |
| Total Non Current Assets | 131.9M | 74.9M | 75.6M | 50.1M |
| Total Assets | 207.2M | 118.8M | 106.2M | 72.8M |
| Current Debt | -- | -- | -- | 29,160 |
| Current Debt And Capital Lease Obligation | 300,726 | 410,167 | 372,457 | 270,864 |
| Accounts Payable | 6.1M | 2.0M | 2.1M | 1.8M |
| Payables | 10.7M | 4.4M | 3.8M | 3.0M |
| Payables And Accrued Expenses | 14.9M | 7.4M | 6.1M | 4.2M |
| Current Accrued Expenses | 4.2M | 3.0M | 2.3M | 1.3M |
| Current Deferred Revenue | 28.7M | 19.3M | 14.6M | 8.3M |
| Other Current Liabilities | 448,982 | 2.0M | 2.8M | 1.9M |
| Current Liabilities | 44.3M | 29.1M | 23.8M | 14.7M |
| Long Term Debt And Capital Lease Obligation | 308,033 | 130,919 | 509,738 | 521,649 |
| Long Term Capital Lease Obligation | 308,033 | 130,919 | 509,738 | 521,649 |
| Total Non Current Liabilities Net Minority Interest | 18.0M | 7.8M | 7.0M | 3.2M |
| Total Liabilities Net Minority Interest | 62.3M | 36.9M | 30.8M | 17.9M |
| Common Stock | 134.3M | 80.0M | 79.7M | 61.1M |
| Capital Stock | 134.3M | 80.0M | 79.7M | 61.1M |
| Retained Earnings | -445,720 | -3.4M | -8.4M | -9.7M |
| Gains Losses Not Affecting Retained Earnings | 4.6M | 143,292 | -444,609 | -138,347 |
| Other Equity Adjustments | 4.6M | 143,292 | -444,609 | -138,347 |
| Common Stock Equity | 144.9M | 81.9M | 75.4M | 54.8M |
| Stockholders Equity | 144.9M | 81.9M | 75.4M | 54.8M |
| Total Equity Gross Minority Interest | 144.9M | 81.9M | 75.4M | 54.8M |
| Total Capitalization | 144.9M | 81.9M | 75.4M | 54.8M |
| Net Tangible Assets | 16.4M | 8.2M | 1.2M | 5.9M |
| Tangible Book Value | 16.4M | 8.2M | 1.2M | 5.9M |
| Working Capital | 30.9M | 14.8M | 6.7M | 7.9M |
| Invested Capital | 144.9M | 81.9M | 75.4M | 54.9M |
| Total Debt | 608,759 | 541,086 | 882,195 | 792,513 |
| Share Issued | 52.6M | 43.7M | 43.6M | 36.9M |
| Ordinary Shares Number | 52.6M | 43.7M | 43.6M | 36.9M |
| Buildings And Improvements | -- | -- | 1.6M | 1.3M |
| Capital Lease Obligations | 608,759 | 541,086 | 882,195 | 763,353 |
| Current Capital Lease Obligation | 300,726 | 410,167 | 372,457 | 241,704 |
| Current Deferred Liabilities | 28.7M | 19.3M | 14.6M | 8.3M |
| Income Tax Payable | 2.4M | 271,380 | 41,705 | 168,540 |
| Leases | 169,466 | 126,614 | 1.7M | 155,603 |
| Line Of Credit | -- | -- | 0.00 | 29,160 |
| Machinery Furniture Equipment | 2.6M | 1.4M | 1.1M | 710,997 |
| Non Current Deferred Assets | 433,344 | 37,443 | 0.00 | -- |
| Non Current Deferred Liabilities | 17.7M | 7.7M | 6.5M | 2.7M |
| Non Current Deferred Revenue | 7.0M | 1.8M | 915,763 | 515,346 |
| Non Current Deferred Taxes Assets | 433,344 | 37,443 | 0.00 | -- |
| Non Current Deferred Taxes Liabilities | 10.7M | 5.9M | 5.5M | 2.2M |
| Non Current Prepaid Assets | 1.1M | 0.00 | -- | -- |
| Other Current Borrowings | -- | -- | -- | 29,160 |
| Other Equity Interest | 6.4M | 5.2M | 4.6M | 3.5M |
| Other Payable | 2.2M | 2.1M | 1.6M | 983,264 |
| Other Properties | 578,205 | 441,522 | -- | -- |
| Other Receivables | 1.3M | 1.3M | 1.6M | 572,315 |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Receivables Adjustments Allowances | -444,448 | -347,313 | -363,235 | -287,469 |
| Total Tax Payable | 2.4M | 271,380 | 41,705 | 168,540 |
| Treasury Shares Number | -- | 0.00 | -- | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 15.1M | 20.5M | 6.1M | 402,355 |
| Cash Flow From Continuing Operating Activities | 15.1M | 20.5M | 6.1M | 402,355 |
| Depreciation And Amortization | 6.0M | 5.0M | 3.9M | 2.7M |
| Depreciation Amortization Depletion | 6.0M | 5.0M | 3.9M | 2.7M |
| Stock Based Compensation | 2.3M | 1.2M | 1.1M | 1.7M |
| Change In Working Capital | 3.6M | 9.3M | -997,908 | -1.6M |
| Changes In Account Receivables | -4.0M | 2.4M | -2.0M | -1.9M |
| Change In Receivables | -4.0M | 2.4M | -2.0M | -1.9M |
| Change In Inventory | -69,969 | 534,787 | -504,675 | 245,690 |
| Change In Payables And Accrued Expense | 4.6M | 1.2M | -1.3M | -464,518 |
| Change In Payable | 4.6M | 1.2M | -1.3M | -464,518 |
| Change In Other Working Capital | 3.0M | 5.1M | 3.2M | 515,270 |
| Change In Other Current Liabilities | 323,594 | 0.00 | -- | -569,086 |
| Other Non Cash Items | 374,897 | 796,015 | 740,385 | -34,328 |
| Capital Expenditure | -883,719 | -290,111 | -295,047 | -259,610 |
| Purchase Of PPE | -883,719 | -260,717 | -266,837 | -221,068 |
| Net PPE Purchase And Sale | -883,719 | -260,717 | -266,837 | -221,068 |
| Purchase Of Business | -30.5M | -3.9M | -21.5M | -10.2M |
| Investing Cash Flow | -31.4M | -4.1M | -21.8M | -10.5M |
| Cash Flow From Continuing Investing Activities | -31.4M | -4.1M | -21.8M | -10.5M |
| Issuance Of Debt | -- | 0.00 | 10.0M | 0.00 |
| Repayment Of Debt | -366,372 | -399,551 | -10.5M | -372,235 |
| Net Issuance Payments Of Debt | -366,372 | -399,551 | -516,170 | -372,235 |
| Issuance Of Capital Stock | 37.5M | 0.00 | 16.3M | 0.00 |
| Repurchase Of Capital Stock | 0.00 | -39,069 | -215,417 | 0.00 |
| Net Common Stock Issuance | 37.5M | -39,069 | 16.1M | 0.00 |
| Common Stock Payments | 0.00 | -39,069 | -215,417 | 0.00 |
| Financing Cash Flow | 39.1M | -287,894 | 16.4M | 3.2M |
| Cash Flow From Continuing Financing Activities | 39.1M | -287,894 | 16.4M | 3.2M |
| Effect Of Exchange Rate Changes | 268,495 | -11,179 | 381,662 | -95,886 |
| Changes In Cash | 22.8M | 16.0M | 680,566 | -6.9M |
| Beginning Cash Position | 33.5M | 17.5M | 16.4M | 23.4M |
| End Cash Position | 56.6M | 33.5M | 17.5M | 16.4M |
| Free Cash Flow | 14.2M | 20.2M | 5.8M | 142,745 |
| Amortization Cash Flow | 5.1M | 4.3M | 3.3M | 2.2M |
| Amortization Of Intangibles | 5.1M | 4.3M | 3.3M | 2.2M |
| Change In Account Payable | 2.7M | 957,246 | -945,731 | -662,473 |
| Change In Income Tax Payable | 1.9M | 240,250 | -377,192 | 197,955 |
| Change In Prepaid Assets | -234,203 | 47,710 | -287,855 | 20,239 |
| Change In Tax Payable | 1.9M | 240,250 | -377,192 | 197,955 |
| Common Stock Issuance | 37.5M | 0.00 | 16.3M | 0.00 |
| Depreciation | 813,906 | 718,581 | 593,150 | 434,906 |
| Gain Loss On Sale Of PPE | -330,105 | -2,102 | 1,057 | 1,593 |
| Long Term Debt Issuance | -- | 0.00 | 10.0M | -- |
| Long Term Debt Payments | -366,372 | -399,551 | -10.5M | -329,826 |
| Net Business Purchase And Sale | -30.5M | -3.9M | -21.5M | -10.2M |
| Net Foreign Currency Exchange Gain Loss | 209,733 | -296,824 | 150,399 | -440,942 |
| Net Income From Continuing Operations | 3.0M | 4.5M | 1.2M | -1.9M |
| Net Intangibles Purchase And Sale | 0.00 | -29,394 | -28,210 | -38,542 |
| Net Long Term Debt Issuance | -366,372 | -399,551 | -516,170 | -329,826 |
| Net Short Term Debt Issuance | -- | -- | -105,983 | -42,409 |
| Operating Gains Losses | -120,372 | -298,926 | 151,456 | -439,349 |
| Proceeds From Stock Option Exercised | 1.9M | 150,726 | 836,221 | 3.5M |
| Purchase Of Intangibles | 0.00 | -29,394 | -28,210 | -38,542 |
| Short Term Debt Issuance | -- | -- | 10.0M | 0.00 |
| Short Term Debt Payments | -- | -- | -10.1M | -42,409 |