Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 872,495 | 29,816 | 72,855 | 339,666 | -- |
| Operating Revenue | 872,495 | 29,816 | 72,855 | 339,666 | -- |
| Cost Of Revenue | 680,010 | 331,080 | 853,336 | 376,787 | -- |
| Gross Profit | 192,485 | -301,264 | -780,481 | -37,121 | -- |
| Selling General And Administration | 8.0M | 8.9M | 11.0M | 9.6M | -- |
| General And Administrative Expense | 7.9M | 8.6M | 10.6M | 9.3M | -- |
| Research And Development | 465,653 | 1.8M | 1.6M | 1.5M | -- |
| Depreciation And Amortization In Income Statement | 600,322 | 613,714 | 539,693 | 614,710 | -- |
| Other Operating Expenses | 1.4M | 642,207 | 1.5M | 600,957 | -- |
| Operating Expense | 10.5M | 12.0M | 14.7M | 12.3M | -- |
| Operating Income | -9.6M | -12.0M | -14.7M | -12.0M | -- |
| EBIT | -9.9M | -11.7M | -14.3M | -31.6M | -- |
| Interest Expense | 91,323 | 107,373 | 120,624 | 63,777 | -- |
| Interest Expense Non Operating | 91,323 | 107,373 | 120,624 | 63,777 | -- |
| Interest Income | 101,613 | 405,483 | 510,257 | 20,597 | -- |
| Interest Income Non Operating | 101,613 | 405,483 | 510,257 | 20,597 | -- |
| Net Interest Income | 5,509 | 293,412 | 384,800 | -46,539 | -- |
| Other Income Expense | -444,535 | -118,668 | -146,121 | -19.7M | -- |
| Other Non Operating Income Expenses | -429,991 | 37,863 | -2,015 | 9,401 | -- |
| Special Income Charges | -14,544 | -156,531 | -144,106 | -19.7M | -- |
| Write Off | -- | 0.00 | 134,482 | 19.7M | -- |
| Pretax Income | -10.0M | -11.8M | -14.4M | -31.7M | -- |
| Tax Provision | 0.00 | -99,784 | 0.00 | -- | -- |
| Tax Effect Of Unusual Items | 0.00 | -1,323 | 0.00 | 0.00 | -- |
| Net Income From Continuing And Discontinued Operation | -10.0M | -11.7M | -14.4M | -31.7M | -- |
| Net Income From Continuing Operation Net Minority Interest | -10.0M | -11.7M | -14.4M | -31.7M | -- |
| Net Income Including Noncontrolling Interests | -10.0M | -11.7M | -14.4M | -31.7M | -- |
| Net Income Common Stockholders | -10.0M | -11.7M | -14.4M | -31.7M | -- |
| Net Income | -10.0M | -11.7M | -14.4M | -31.7M | -- |
| EBITDA | -9.3M | -11.1M | -13.8M | -31.0M | -- |
| Normalized EBITDA | -9.3M | -10.9M | -13.6M | -11.3M | -- |
| Reconciled Depreciation | 600,322 | 613,714 | 539,693 | 614,710 | -- |
| Basic EPS | -0.10 | -0.12 | -0.14 | -0.34 | -- |
| Diluted EPS | -0.10 | -0.12 | -0.14 | -0.34 | -- |
| Basic Average Shares | 103.0M | 100.5M | 99.4M | 92.1M | -- |
| Diluted Average Shares | 103.0M | 100.5M | 99.4M | 92.1M | -- |
| Total Unusual Items | -14,544 | -156,531 | -144,106 | -19.7M | -- |
| Total Unusual Items Excluding Goodwill | -14,544 | -156,531 | -144,106 | -19.7M | -- |
| Tax Rate For Calcs | 0.00 | 0.01 | 0.00 | 0.00 | -- |
| Normalized Income | -10.0M | -11.5M | -14.3M | -12.0M | -- |
| Amortization | -- | -- | 539,693 | 614,710 | 126,799 |
| Amortization Of Intangibles Income Statement | -- | -- | 539,693 | 614,710 | 126,799 |
| Depreciation Amortization Depletion Income Statement | 600,322 | 613,714 | 539,693 | 614,710 | -- |
| Depreciation Income Statement | 600,322 | 613,714 | 539,693 | 614,710 | -- |
| Diluted NI Availto Com Stockholders | -10.0M | -11.7M | -14.4M | -31.7M | -- |
| Gain On Sale Of Ppe | -14,544 | -156,531 | -9,624 | 0.00 | -- |
| Insurance And Claims | 354,186 | 396,657 | 358,415 | 162,641 | -- |
| Net Income Continuous Operations | -10.0M | -11.7M | -14.4M | -31.7M | -- |
| Net Income Discontinuous Operations | -- | -- | -- | -26.7M | 0.00 |
| Net Non Operating Interest Income Expense | 5,509 | 293,412 | 384,800 | -46,539 | -- |
| Other Gand A | 2.4M | 2.0M | 3.0M | 2.8M | -- |
| Other Taxes | 34,030 | 31,862 | 31,666 | 2,387 | -- |
| Reconciled Cost Of Revenue | 680,010 | 331,080 | 853,336 | 376,787 | -- |
| Rent And Landing Fees | 311,556 | 359,651 | 362,371 | 196,994 | -- |
| Rent Expense Supplemental | 311,556 | 359,651 | 362,371 | 196,994 | -- |
| Salaries And Wages | 4.8M | 5.8M | 6.9M | 6.2M | -- |
| Selling And Marketing Expense | 105,449 | 375,554 | 368,367 | 286,497 | -- |
| Total Expenses | 10.5M | 12.0M | 14.7M | 12.3M | -- |
| Total Operating Income As Reported | -- | -- | -- | -12.6M | -4.3M |
| Total Other Finance Cost | 4,781 | 4,698 | 4,833 | 3,359 | -- |
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 121,481 | 3.5M | 10.4M | 26.7M | -- |
| Cash Cash Equivalents And Short Term Investments | 121,481 | 3.5M | 10.4M | 26.7M | -- |
| Cash Equivalents | 0.00 | 3.0M | 10.2M | 200,000 | -- |
| Cash Financial | 121,481 | 521,420 | 157,317 | 26.5M | -- |
| Accounts Receivable | 853,928 | 1,439 | 6,458 | 314,375 | -- |
| Receivables | 1.2M | 839,793 | 3.6M | 3.6M | -- |
| Inventory | 887,509 | 1.4M | 2.8M | 665,572 | -- |
| Prepaid Assets | 278,051 | 465,758 | 1.2M | 1.0M | -- |
| Current Assets | 4.4M | 6.2M | 18.0M | 32.0M | -- |
| Gross PPE | 15.1M | 16.8M | 16.6M | 13.9M | -- |
| Accumulated Depreciation | -2.3M | -1.8M | -1.3M | -843,753 | -- |
| Net PPE | 12.7M | 15.0M | 15.3M | 13.0M | -- |
| Other Non Current Assets | 1.3M | 1.3M | -- | -- | -- |
| Total Non Current Assets | 14.0M | 16.3M | 15.3M | 13.0M | -- |
| Total Assets | 18.4M | 22.6M | 33.3M | 45.0M | -- |
| Current Debt | 346,747 | 498,613 | 998,080 | 950,930 | -- |
| Current Debt And Capital Lease Obligation | 518,737 | 649,742 | 1.1M | 1.1M | -- |
| Accounts Payable | 2.0M | 541,311 | 911,477 | 1.0M | -- |
| Payables | 2.5M | 541,311 | 911,477 | 1.0M | -- |
| Payables And Accrued Expenses | 3.0M | 1.2M | 1.3M | 1.2M | -- |
| Current Accrued Expenses | 439,346 | 627,951 | 380,997 | 160,000 | -- |
| Other Current Liabilities | -- | -- | -- | -- | 2.0M |
| Current Liabilities | 3.5M | 1.8M | 2.4M | 2.3M | -- |
| Long Term Debt | -- | 259,114 | -- | 998,070 | -- |
| Long Term Debt And Capital Lease Obligation | 161,737 | 592,841 | 484,856 | 1.1M | -- |
| Long Term Capital Lease Obligation | 161,737 | 333,727 | 484,856 | 132,555 | -- |
| Total Non Current Liabilities Net Minority Interest | 161,737 | 592,841 | 484,856 | 1.1M | -- |
| Total Liabilities Net Minority Interest | 3.6M | 2.4M | 2.9M | 3.4M | -- |
| Common Stock | 89.5M | 86.1M | 85.8M | 85.5M | -- |
| Capital Stock | 89.5M | 86.1M | 85.8M | 85.5M | -- |
| Retained Earnings | -83.9M | -76.6M | -66.2M | -52.2M | -- |
| Common Stock Equity | 14.7M | 20.2M | 30.4M | 41.5M | -- |
| Stockholders Equity | 14.7M | 20.2M | 30.4M | 41.5M | -- |
| Total Equity Gross Minority Interest | 14.7M | 20.2M | 30.4M | 41.5M | -- |
| Total Capitalization | 14.7M | 20.4M | 30.4M | 42.5M | -- |
| Net Tangible Assets | 14.7M | 20.2M | 30.4M | 41.5M | -- |
| Tangible Book Value | 14.7M | 20.2M | 30.4M | 41.5M | -- |
| Working Capital | 882,892 | 4.4M | 15.5M | 29.7M | -- |
| Invested Capital | 15.1M | 20.9M | 31.4M | 43.5M | -- |
| Total Debt | 680,474 | 1.2M | 1.6M | 2.2M | -- |
| Net Debt | 225,266 | -- | -- | -- | -- |
| Share Issued | 104.4M | 100.8M | 99.5M | 99.2M | -- |
| Ordinary Shares Number | 104.4M | 100.8M | 99.5M | 99.2M | -- |
| Accrued Interest Receivable | 62.00 | 32,791 | 238,614 | 0.00 | -- |
| Allowance For Doubtful Accounts Receivable | -- | 0.00 | -100,000 | 0.00 | -- |
| Assets Held For Sale Current | 1.9M | 0.00 | -- | -- | -- |
| Buildings And Improvements | -- | -- | -- | 2.0M | 478,223 |
| Capital Lease Obligations | 333,727 | 484,856 | 614,120 | 281,872 | -- |
| Construction In Progress | 52,709 | 52,709 | 1.9M | 2.4M | -- |
| Current Capital Lease Obligation | 171,990 | 151,129 | 129,264 | 149,317 | -- |
| Current Deferred Liabilities | -- | -- | -- | 0.00 | 1,884 |
| Finished Goods | -- | -- | 430,543 | 188,477 | 0.00 |
| Gross Accounts Receivable | 853,928 | 1,439 | 106,458 | -- | -- |
| Income Tax Payable | 427,000 | 0.00 | -- | -- | -- |
| Inventories Adjustments Allowances | -- | -- | 0.00 | -- | -- |
| Land And Improvements | 186,886 | 2.1M | 2.1M | 2.1M | -- |
| Leases | 354,705 | 354,705 | 354,705 | 258,831 | -- |
| Loans Receivable | 0.00 | 543,263 | 3.0M | 3.0M | -- |
| Machinery Furniture Equipment | 6.1M | 6.1M | 4.3M | 1.6M | -- |
| Other Current Borrowings | 346,747 | 498,613 | 998,080 | 950,930 | -- |
| Other Equity Interest | 9.1M | 10.7M | 10.8M | 8.2M | -- |
| Other Properties | 8.4M | 8.2M | 8.0M | 7.5M | -- |
| Other Receivables | 3,333 | 88,142 | 151,440 | -- | -- |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Raw Materials | -- | -- | 2.4M | 477,095 | 0.00 |
| Taxes Receivable | 345,422 | 174,158 | 172,496 | 341,789 | -- |
| Total Tax Payable | 520,000 | 0.00 | -- | -- | -- |
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | -6.3M | -8.1M | -13.0M | -8.0M | -- |
| Cash Flow From Continuing Operating Activities | -6.3M | -8.1M | -13.0M | -8.0M | -- |
| Depreciation And Amortization | 600,322 | 613,714 | 539,693 | 614,710 | -- |
| Depreciation Amortization Depletion | 600,322 | 613,714 | 539,693 | 614,710 | -- |
| Stock Based Compensation | 1.5M | 1.8M | 3.2M | 4.7M | -- |
| Change In Working Capital | 1.5M | 914,889 | -2.4M | -1.4M | -- |
| Change In Receivables | -906,215 | 272,478 | -12,844 | -536,815 | -- |
| Change In Inventory | 397,476 | -70,251 | -2.2M | -665,572 | -- |
| Change In Payables And Accrued Expense | 1.8M | -15,549 | -17,377 | 831,484 | -- |
| Other Non Cash Items | -- | -22,739 | -- | 19.7M | -109,795 |
| Capital Expenditure | -184,612 | -591,956 | -2.3M | -4.3M | -- |
| Purchase Of PPE | -1,398 | -320,099 | -2.3M | -4.0M | -- |
| Net PPE Purchase And Sale | -1,398 | -310,099 | -2.3M | -4.0M | -- |
| Investing Cash Flow | 358,651 | 1.9M | -2.3M | -7.3M | -- |
| Cash Flow From Continuing Investing Activities | 358,651 | 1.9M | -2.3M | -7.3M | -- |
| Repayment Of Debt | -562,109 | -369,617 | -1.1M | -122,453 | -- |
| Net Issuance Payments Of Debt | -562,109 | -369,617 | -1.1M | -122,453 | -- |
| Issuance Of Capital Stock | 3.1M | 0.00 | 0.00 | 35.3M | -- |
| Net Common Stock Issuance | 3.1M | 0.00 | 0.00 | 35.3M | -- |
| Financing Cash Flow | 2.5M | -665,470 | -1.1M | 38.8M | -- |
| Cash Flow From Continuing Financing Activities | 2.5M | -665,470 | -1.1M | 38.8M | -- |
| Changes In Cash | -3.4M | -6.8M | -16.3M | 23.6M | -- |
| Beginning Cash Position | 3.5M | 10.4M | 26.7M | 3.1M | -- |
| End Cash Position | 121,481 | 3.5M | 10.4M | 26.7M | -- |
| Free Cash Flow | -6.5M | -8.6M | -15.2M | -12.3M | -- |
| Amortization Cash Flow | -- | -- | 539,693 | 614,710 | 126,799 |
| Amortization Of Intangibles | -- | -- | 539,693 | 614,710 | 126,799 |
| Capital Expenditure Reported | -183,214 | -271,857 | 0.00 | -316,698 | -- |
| Cash From Discontinued Investing Activities | -- | -- | -- | -316,698 | -1.1M |
| Change In Prepaid Assets | 187,707 | 728,211 | -181,606 | -985,522 | -- |
| Common Stock Issuance | 3.1M | 0.00 | 0.00 | 35.3M | -- |
| Depreciation | -- | 613,714 | 539,693 | 614,710 | 126,799 |
| Gain Loss On Sale Of PPE | 14,544 | 156,531 | 9,624 | 0.00 | -- |
| Long Term Debt Payments | -562,109 | -369,617 | -1.1M | -122,453 | -- |
| Net Income From Continuing Operations | -10.0M | -11.7M | -14.4M | -31.7M | -- |
| Net Long Term Debt Issuance | -562,109 | -369,617 | -1.1M | -122,453 | -- |
| Net Other Financing Charges | -216,490 | -408,853 | -- | -1.7M | 2.0M |
| Net Other Investing Changes | 543,263 | 2.5M | -33,642 | -3.0M | -- |
| Operating Gains Losses | 14,544 | 156,531 | 9,624 | -- | -- |
| Proceeds From Stock Option Exercised | 232,500 | 113,000 | 46,000 | 5.3M | -- |
| Provisionand Write Offof Assets | 136,447 | 203,553 | 100,000 | 0.00 | -- |
| Sale Of PPE | 0.00 | 10,000 | 0.00 | -- | -- |