NBY (NBY)
NovaBay Pharmaceuticals, Inc.
AMEX:NBYHealthcare · Biotechnology
Mkt Cap-
Float15.26M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$22.14M
Total Assets$9.04M
Free Cash Flow-$8.43M
Debt & Equity
Total Debt$776K
Total Equity-$22.83M
Preferred Stock$356K
Shares Outstanding
Short Interest
Split History4 splits · 4 reverse
2-year cumulative
1:5
Nasdaq bars a compliance period at 1:250
- 1:5Reverse splitFeb 23, 20265 shares → 1
- 1:35Reverse splitMay 31, 202435 shares → 1
- 1:35Reverse splitNov 16, 202235 shares → 1
- 1:25Reverse splitDec 21, 201525 shares → 1
Balance Sheet Details
Assets$9.04M
Liabilities$31.86M
Accounts Receivable$0
Accounts Payable$257K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 |
| Revenue | $0 | $9.78M | $10.46M | $14.4M | $10.2M | $9.93M | $6.6M | $12.51M | $18.23M | $11.9M | $4.38M | $1.05M | $3.48M | $6.95M | $11.02M | $9.75M | $15.68M | $6.72M | $5.91M | $1.53M | $0 | $0 | $0 |
| YoY Growth | - | -6.4% | -27.4% | 41.2% | 2.7% | 50.5% | -47.2% | -31.4% | 53.2% | 171.6% | 315.7% | -69.7% | -49.9% | -37.0% | 13.0% | -37.8% | 133.3% | 13.7% | 285.7% | - | - | - | - |
| Cost of Revenue | $140K | $3.3M | $4.37M | $6.62M | $3.69M | $3.97M | $1.74M | $1.5M | $2.78M | $2.46M | $1.26M | $486K | $162K | $8K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | -$140K | $6.48M | $6.08M | $7.78M | $6.51M | $5.96M | $4.86M | $11.01M | $15.45M | $9.43M | $3.12M | $568K | $3.31M | $6.94M | $11.02M | $9.75M | $15.68M | $6.72M | $5.91M | $1.53M | $0 | $0 | $0 |
| Gross Margin | - | 66.3% | 58.2% | 54.0% | 63.8% | 60.0% | 73.7% | 88.0% | 84.7% | 79.3% | 71.2% | 53.9% | 95.3% | 99.9% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | - | - | - |
| Research and Development | $0 | $42K | $34K | $174K | $44K | $285K | $184K | $259K | $410K | $1.37M | $6.04M | $9.51M | $12.46M | $9.28M | $9.91M | $8.62M | $7.34M | $9.6M | $7.42M | $4.09M | $1.95M | $0 | $270K |
| Selling, General, and Administrative | $7.58M | $11.41M | $10.15M | $15.29M | $15.33M | $12.11M | $14.08M | $18.62M | $22.35M | $19.04M | $18.53M | $7.99M | $6.34M | $5.98M | $5.43M | $5.65M | $5.61M | $5.64M | $4.37M | $2.97M | $1.62M | $0 | $0 |
| Other | -$140K | $865K | $0 | $6.74M | $0 | $0 | $0 | $19K | $12K | -$68K | -$96K | $22K | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.8M | $0 |
| Total Operating Expenses | $7.45M | $12.32M | $10.19M | $22.2M | $15.38M | $12.39M | $14.26M | $18.88M | $22.76M | $20.41M | $24.13M | $17.45M | $18.8M | $15.26M | $15.34M | $14.27M | $12.94M | $15.23M | $11.79M | $7.06M | $3.57M | -$2.8M | $953K |
| Operating Income (EBIT) | -$7.58M | -$5.84M | -$4.1M | -$14.42M | -$8.86M | -$6.43M | -$9.4M | -$7.87M | -$7.31M | -$10.98M | -$21.01M | -$16.88M | -$15.49M | -$8.31M | -$4.32M | -$4.52M | $2.74M | -$8.51M | -$5.88M | -$5.53M | -$3.57M | -$2.8M | -$953K |
| Operating Margin | - | -59.7% | -39.2% | -100.1% | -86.8% | -64.7% | -142.4% | -62.9% | -40.1% | -92.3% | -479.7% | -1601.3% | -445.4% | -119.6% | -39.2% | -46.3% | 17.5% | -126.6% | -99.4% | -360.5% | - | - | - |
| Interest Expense | $277K | $904K | $1.69M | $0 | $0 | $0 | $1.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | - | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$25.64M | -$1.37M | -$2.04M | $3.81M | $3.04M | -$4.61M | -$252K | $1.33M | -$89K | -$2.17M | $2.04M | $1.71M | -$554K | $1.28M | -$762K | $258K | -$36K | $397K | $488K | $240K | $106K | $0 | -$24K |
| Income Before Tax (EBT) | -$33.22M | -$7.21M | -$6.14M | -$10.61M | -$5.82M | -$11.03M | -$9.65M | -$6.54M | -$7.4M | -$13.15M | -$18.97M | -$15.19M | -$16.04M | -$7.03M | -$5.08M | -$4.26M | $2.7M | -$8.11M | -$5.39M | -$5.29M | -$3.46M | $0 | -$977K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $5K | $6K | $4K | $3K | $2K | $12K | $2K | $2K | $2K | $2K | $50K | $7K | $2K | $12K | $0 | $0 | $2.8M | $0 |
| Net Income | -$22.14M | -$7.22M | -$9.64M | -$10.61M | -$5.82M | -$11.04M | -$9.66M | -$6.54M | -$7.4M | -$13.15M | -$18.97M | -$15.19M | -$16.04M | -$7.03M | -$5.08M | -$4.31M | $2.7M | -$8.11M | -$5.4M | -$5.29M | -$3.46M | -$2.8M | -$977K |
| Net Income Margin | - | -73.8% | -92.2% | -73.6% | -57.1% | -111.1% | -146.4% | -52.3% | -40.6% | -110.5% | -433.1% | -1441.6% | -461.4% | -101.2% | -46.1% | -44.2% | 17.2% | -120.7% | -91.3% | -344.8% | - | - | - |
| Supplementary Data | |||||||||||||||||||||||
| EPS | -3.80 | -0.51 | -27.83 | -70.72 | -36.82 | -77.11 | -118.73 | -94.77 | -118.36 | -211.74 | -140.49 | -112.51 | -118.79 | -41.76 | -34.53 | -32.32 | 21.00 | -66.63 | -105.30 | -161.87 | -124.91 | -112.09 | -42.29 |
| Diluted EPS | -3.80 | -0.51 | -27.73 | -70.72 | -36.82 | -77.11 | -118.73 | -112.83 | -118.36 | -209.59 | -138.93 | -111.25 | -117.46 | -42.00 | -34.53 | -32.32 | 21.00 | -66.63 | -105.30 | -161.87 | -124.91 | -112.09 | -42.29 |
| Weighted Average OS | 5.82M | 16.98M | 600,005 | 150,005 | 158,180 | 143,165 | 81,345 | 58,005 | 62,545 | 62,110 | 135,045 | 135,045 | 135,045 | 167,305 | 147,270 | 133,290 | 128,020 | 121,780 | 51,280 | 32,655 | 27,725 | 25,015 | 23,105 |
| EBITDA | -$7.45M | -$5.92M | -$4.09M | -$7.2M | -$8.74M | -$6.38M | -$9.34M | -$7.61M | -$7.22M | -$10.87M | -$20.97M | -$16.67M | -$15.17M | -$7.97M | -$3.9M | -$4.09M | $3.15M | -$7.81M | -$5.21M | -$5.45M | -$3.42M | -$2.8M | -$929K |
| EBITDA Margin | - | -60.6% | -39.2% | -50.0% | -85.7% | -64.2% | -141.5% | -60.8% | -39.6% | -91.4% | -478.7% | -1581.8% | -436.4% | -114.7% | -35.4% | -41.9% | 20.1% | -116.2% | -88.0% | -355.6% | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2003-12-31 |
| Assets | ||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||
| Cash and Cash Equivalents | $7.96M | $430K | $3.13M | $5.36M | $7.5M | $11.95M | $6.94M | $3.18M | $3.2M | $9.51M | $2.38M | $5.43M | $10.5M | $12.73M | $8.43M | $11.53M | $10.99M | $12.1M | $10.94M | $4.9M | $2.21M | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.55M | $4.13M | $5.71M | $1.27M | $300K | $0 | $11.41M | $6.18M | $1M | $0 |
| Cash and Short-Term Investments | $7.96M | $430K | $3.13M | $5.36M | $7.5M | $11.95M | $6.94M | $3.18M | $3.2M | $9.51M | $2.38M | $5.43M | $13.05M | $16.87M | $14.14M | $12.81M | $11.29M | $12.1M | $22.35M | $11.09M | $3.21M | $0 |
| Accounts Receivable | $0 | $389K | $759K | $2.02M | $1.69M | $1.11M | $1.07M | $3.49M | $3.71M | $2.29M | $536K | $273K | $784K | $943K | $3K | $500K | $3.8M | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $765K | $2.88M | $3.44M | $3.22M | $608K | $492K | $280K | $504K | $873K | $1.34M | $521K | $231K | $23K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $418K | $158K | $81K | $159K | $129K | $102K | $159K | $279K | $347K | $165K | $261K | $729K | $723K | $0 | $0 | $0 | $513K | $414K | $0 | $0 | $0 | $0 |
| Total Current Assets | $8.68M | $1.94M | $7.15M | $11.33M | $13.17M | $14.24M | $9.38M | $8.61M | $8.99M | $14.47M | $4.53M | $6.95M | $14.79M | $18.28M | $14.56M | $13.75M | $15.61M | $12.51M | $22.77M | $11.31M | $3.29M | $0 |
| Long-Term Assets | ||||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $1.01M | $1.38M | $1.95M | $604K | $520K | $1.36M | $201K | $471K | $371K | $395K | $436K | $718K | $891K | $1.27M | $1.59M | $1.81M | $1.46M | $1.15M | $554K | $267K | $0 |
| Goodwill | $0 | $0 | $0 | $348K | $4.53M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $2.28M | $5.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $267K | $477K | $0 | $0 | $0 | $0 | $0 | $475K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $93K | $3K | $497K | $489K | $476K | $476K | $477K | $77K | $613K | $539K | $155K | $149K | $141K | $63K | $135K | $174K | $105K | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $360K | $1.49M | $1.88M | $5.07M | $10.81M | $996K | $1.84M | $753K | $1.08M | $910K | $550K | $585K | $859K | $954K | $1.41M | $1.76M | $1.92M | $1.46M | $1.15M | $554K | $267K | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.31M |
| Total Assets | $9.04M | $3.42M | $9.03M | $16.4M | $23.98M | $15.24M | $11.22M | $9.36M | $10.08M | $15.38M | $5.08M | $7.54M | $15.65M | $19.23M | $15.96M | $15.52M | $17.52M | $13.97M | $23.92M | $11.87M | $3.56M | $1.31M |
| Liabilities | ||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||
| Accounts Payable | $257K | $623K | $1.13M | $1.08M | $1.04M | $302K | $331K | $551K | $466K | $455K | $2.48M | $1.86M | $1.67M | $455K | $472K | $406K | $272K | $406K | $142K | $365K | $137K | $0 |
| Short-Term Debt | $67K | $565K | $1.14M | $0 | $105K | $0 | $2.61M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $106K | $364K | $366K | $256K | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $488K | $946K | $1.81M | $1.29M | $730K | $822K | $2.32M | $2.84M | $2.07M | $170K | $425K | $337K | $1.22M | $1.3M | $1.49M | $2.17M | $2.5M | $3.04M | $2.5M | $0 | $0 |
| Other Current Liabilities | $363K | $172K | $1.18M | $0 | $0 | $0 | $37K | $2.45M | $564K | $44K | $776K | $0 | $0 | $0 | $0 | $0 | $0 | $1.49M | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $1.14M | $2.84M | $4.28M | $4.26M | $3.44M | $2.83M | $5.69M | $3.85M | $4.98M | $4.32M | $4.63M | $3.35M | $3.63M | $3.17M | $2.84M | $2.72M | $4.04M | $4.48M | $4.58M | $3.39M | $310K | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.66M | $0 | $0 | $0 | $0 | $0 | $106K | $470K | $497K | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $534K | $1.99M | $2.25M | $2M | $1.53M | $671K | $1.06M | $2.3M | -$140K | $1.67M | $4.48M | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $34K | -$7K | -$4.48M | $0 | $0 | $0 |
| Other Long-Term Liabilities | $30.43M | $0 | $334K | $0 | $10.12M | $0 | $4.05M | $560K | $1.97M | $1.97M | $1.64M | $344K | $1.97M | $1.34M | $2.72M | $0 | $0 | $0 | $4.48M | $6.67M | $0 | $0 |
| Total Long-Term Liabilities | $30.72M | $709K | $1.44M | $1.59M | $10.37M | $87K | $4.56M | $560K | $2.51M | $3.96M | $5.54M | $2.34M | $3.51M | $2.01M | $3.78M | $2.3M | $140K | $2.14M | $5.02M | $6.67M | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $513K |
| Total Liabilities | $31.86M | $3.55M | $5.72M | $5.84M | $13.81M | $2.92M | $10.25M | $4.41M | $7.49M | $8.28M | $10.18M | $5.69M | $7.13M | $5.19M | $6.62M | $5.03M | $4.18M | $6.62M | $9.6M | $10.05M | $310K | $513K |
| Stockholders' Equity | ||||||||||||||||||||||
| Preferred Stock | $356K | $6K | $1.95M | $2.97M | $680K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $192K | $175K | $65K |
| Common Stock | $252K | $49K | $112K | $20K | $478K | $418K | $279K | $171K | $154K | $153K | $35K | $516K | $446K | $369K | $286K | $234K | $233K | $215K | $212K | $63K | $50K | $0 |
| Retained Earnings | -$210.41M | -$183.46M | -$174.85M | -$158.15M | -$141.89M | -$136.06M | -$125.02M | -$114.98M | -$111.07M | -$103.67M | -$90.52M | -$71.55M | -$56.35M | -$40.31M | -$33.28M | -$28.2M | -$23.89M | -$26.59M | -$18.47M | -$13.07M | -$7.79M | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$509K | -$243K | -$149K | -$1.7M | -$1.54M | -$15K | -$13K | -$44K | -$14K | $0 | -$638K | -$3K | $12K | -$4K | $0 |
| Other Stockholders' Equity | $187.34M | $183.28M | $178.05M | $168.69M | $151.58M | $147.96M | $125.72M | $119.76M | $113.51M | $110.62M | $85.39M | $72.88M | $64.42M | $53.99M | $42.34M | $38.45M | $37M | $33.72M | $32.58M | $14.82M | $10.99M | $802K |
| Total Equity | -$22.83M | -$129K | $3.31M | $10.55M | $10.17M | $12.32M | $973K | $4.95M | $2.59M | $7.1M | -$5.1M | $1.85M | $8.52M | $14.05M | $9.34M | $10.49M | $13.35M | $7.34M | $14.32M | $1.81M | $3.25M | $802K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $9.04M | $3.42M | $9.03M | $16.4M | $23.98M | $15.24M | $11.22M | $9.36M | $10.08M | $15.38M | $5.08M | $7.54M | $15.65M | $19.23M | $15.96M | $15.52M | $17.52M | $13.97M | $23.92M | $11.87M | $3.56M | $1.31M |
| Supplementary Data | ||||||||||||||||||||||
| Total Debt | $776K | $1.67M | $2.74M | $2.04M | $551K | $503K | $4.05M | $0 | $0 | $0 | $1.66M | $0 | $0 | $0 | $0 | $106K | $477K | $885K | $802K | $0 | $0 | $0 |
| Net Debt | -$7.18M | $1.24M | -$390K | -$3.32M | -$6.95M | -$11.45M | -$2.89M | -$3.18M | -$3.2M | -$9.51M | -$730K | -$5.43M | -$10.5M | -$12.73M | -$8.43M | -$11.43M | -$10.52M | -$11.21M | -$10.14M | -$4.9M | -$2.21M | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 |
| Operating Activities | |||||||||||||||||||||
| Net Income | -$22.14M | -$7.21M | -$6.14M | -$10.61M | -$5.82M | -$11.04M | -$9.66M | -$6.54M | -$7.4M | -$13.15M | -$18.97M | -$15.19M | -$16.04M | -$7.03M | -$5.08M | -$4.31M | $2.7M | -$8.11M | -$5.4M | -$5.29M | -$3.46M |
| Depreciation & Amortization | $140K | $381K | $356K | $483K | $119K | $51K | $65K | $266K | $95K | $114K | $164K | $232K | $314K | $341K | $425K | $427K | $373K | $304K | $183K | $74K | $48K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | -$849K | $0 | $0 | $0 | $0 | $0 | -$442K | $0 | $37K | $0 | $34K | -$35K | -$428K | $0 | $0 |
| Stock-Based Compensation | $29K | $0 | $0 | $220K | $1.15M | $701K | $621K | $594K | $2.04M | $1.75M | $1.38M | $1.04M | $1.02M | $1.54M | $1.22M | $1.4M | $1.28M | $983K | $428K | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||
| Accounts Receivable | $0 | $291K | $846K | -$305K | $452K | -$317K | $2.32M | $774K | -$1.51M | -$1.58M | -$299K | $555K | $159K | -$940K | $497K | $3.25M | -$3.8M | $0 | $0 | $0 | $0 |
| Inventory | $0 | -$272K | $162K | -$217K | -$243K | -$116K | -$212K | $198K | $369K | $472K | -$751K | -$451K | -$208K | -$23K | -$13.03M | $1.57M | -$2.2M | $0 | $0 | $0 | $0 |
| Accounts Payable | -$37K | -$195K | -$1.13M | $667K | -$163K | $321K | -$862K | $516K | -$260K | -$2.16M | $1.66M | -$252K | $1.41M | $665K | $345K | -$319K | -$70K | $289K | $397K | $0 | $0 |
| Other Working Capital | -$928K | -$419K | -$314K | $388K | -$84K | $322K | -$41K | -$138K | -$205K | $115K | $413K | $691K | -$366K | $46K | $11.72M | -$3.25M | $34K | -$3.35M | -$1.84M | $9.6M | $102K |
| Total Working Capital Change | -$965K | -$595K | -$433K | $533K | -$38K | $210K | $1.2M | $1.35M | -$1.6M | -$3.16M | $1.02M | $543K | $999K | -$252K | -$472K | $1.25M | -$6.04M | -$3.06M | -$1.45M | $9.6M | $102K |
| Other Non-Cash Items | $14.51M | $2.24M | $1.96M | $2.72M | -$4.6M | $5.36M | $688K | -$1.23M | $605K | $2.31M | -$2.15M | -$1.68M | $1.18M | -$1.13M | $732K | $3.26M | $8K | -$23K | $392K | $356K | $83K |
| Net Cash from Operating | -$8.43M | -$5.18M | -$4.26M | -$6.65M | -$9.19M | -$4.72M | -$7.93M | -$5.57M | -$6.27M | -$12.13M | -$18.56M | -$15.05M | -$12.97M | -$6.53M | -$3.14M | $2.03M | -$1.65M | -$9.94M | -$6.27M | $4.74M | -$3.23M |
| Investing Activities | |||||||||||||||||||||
| Capital Expenditures | $0 | -$6K | -$19K | -$112K | -$52K | -$26K | -$19K | -$44K | -$244K | -$160K | -$123K | -$68K | -$141K | -$148K | -$119K | -$203K | -$731K | -$610K | -$663K | -$362K | -$123K |
| Acquisitions | $0 | $1.07M | $0 | $0 | -$11.99M | $0 | $0 | $0 | $0 | $0 | $37K | $0 | $21K | $0 | $25K | $0 | $0 | -$35K | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.01M | -$4.33M | -$4.87M | -$7.58M | -$2.45M | -$3.98M | -$32.1M | -$49.2M | -$11.29M | -$1.96M |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.55M | $5.88M | $6.38M | $3.04M | $1.46M | $3.63M | $43.57M | $44.2M | $6.14M | $936K |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $37K | $128K | -$21K | $6K | -$25K | $0 | $2K | $35K | $1K | $1K | $1K |
| Net Cash from Investing | $0 | $1.06M | -$19K | -$112K | -$12.04M | -$26K | -$19K | -$44K | -$244K | -$160K | -$86K | $2.6M | $1.41M | $1.36M | -$4.67M | -$1.19M | -$1.07M | $10.86M | -$5.66M | -$5.51M | -$1.14M |
| Financing Activities | |||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | $2.56M | -$2.35M | - | - | $1.66M | -$1.66M | - | - | - | $106K | $371K | $408K | -$83K | $31K | - | $20K |
| Common Stock Issuance | $12.63M | $3.1M | $565K | $0 | $1.78M | $5.22M | $6.7M | $5.58M | $249K | $13.65M | $11.52M | $227K | $6.08M | $2.8M | $0 | $81K | $1.94M | $0 | $17.28M | $3.56M | $1.68M |
| Common Stock Repurchases | -$2.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$48K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$4.82M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$525K | -$115K | -$181K | $1.7M | $0 | $7.11M | $58K | $12K | $201K | $7.43M | $2.43M | $7.16M | $3.25M | $6.74M | $4.74M | -$2K | $74K | $153K | $716K | -$93K | $873K |
| Net Cash from Financing | $4.62M | $1.5M | $1.91M | $4.63M | $16.79M | $9.76M | $11.7M | $5.6M | $201K | $19.42M | $15.6M | $7.39M | $9.33M | $9.47M | $4.7M | -$292K | $1.61M | $236K | $17.97M | $3.46M | $2.53M |
| Forex Effect | $11.34M | $125K | -$68K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $7.53M | -$2.49M | -$2.44M | -$2.13M | -$4.45M | $5.01M | $3.75M | -$15K | -$6.31M | $7.13M | -$3.04M | -$5.07M | -$2.23M | $4.31M | -$3.11M | $542K | -$1.11M | $1.16M | $6.04M | $2.69M | -$1.84M |
| Supplementary Data | |||||||||||||||||||||
| Operating Cash Flow | -$8.43M | -$5.18M | -$4.26M | -$6.65M | -$9.19M | -$4.72M | -$7.93M | -$5.57M | -$6.27M | -$12.13M | -$18.56M | -$15.05M | -$12.97M | -$6.53M | -$3.14M | $2.03M | -$1.65M | -$9.94M | -$6.27M | $4.74M | -$3.23M |
| Capital Expenditure | $0 | -$6K | -$19K | -$112K | -$52K | -$26K | -$19K | -$44K | -$244K | -$160K | -$123K | -$68K | -$141K | -$148K | -$119K | -$203K | -$731K | -$610K | -$663K | -$362K | -$123K |
| Free Cash Flow | -$8.43M | -$5.19M | -$4.28M | -$6.77M | -$9.24M | -$4.75M | -$7.95M | -$5.61M | -$6.51M | -$12.29M | -$18.68M | -$15.12M | -$13.11M | -$6.68M | -$3.26M | $1.82M | -$2.38M | -$10.55M | -$6.93M | $4.38M | -$3.35M |
| Cash at Beginning | $907K | $2.92M | $5.36M | $7.98M | $12.43M | $7.41M | $3.66M | $3.67M | $9.51M | $2.38M | $5.43M | $10.5M | $12.73M | $8.43M | $11.53M | $10.99M | $12.1M | $10.94M | $4.9M | $2.21M | $4.05M |
| Cash at End | $8.22M | $430K | $2.92M | $5.85M | $7.98M | $12.43M | $7.41M | $3.66M | $3.2M | $9.51M | $2.38M | $5.43M | $10.5M | $12.73M | $8.43M | $11.53M | $10.99M | $12.1M | $10.94M | $4.9M | $2.21M |