AQUABOUNTY TECHNOLOGIES INC (AQB)
AquaBounty Technologies, Inc. is a biotechnology firm dedicated to boosting productivity within the commercial fish farming sector across the United States and Canada. The company's research initiatives delve into genetics, genomics, fish health, and nutrition. Its flagship offering is AquAdvantage Salmon, a genetically engineered Atlantic salmon intended for human consumption. Beyond this, AquaBounty also supplies conventional Atlantic salmon, along with salmon eggs, juvenile fish (fry), and various byproducts. Established in 1991, the firm maintains its headquarters in Maynard, Massachusetts. It operated under the name Aqua Bounty Farms, Inc. until its rebranding in June 2004.
Sector: Fishing, Hunting and Trapping
Industry: Agricultural Farm Products
AquaBounty Technologies, Inc.
NASDAQ:AQBConsumer Defensive · Agricultural Farm Products
+2.94%$1.05
AH Close$1.05+0.00%vs close
AH Close$1.05+0.00%vs close
Mkt Cap$5.4M
Float5.12M
O/S5.15M
Inst Own9.4%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$18.49M
Total Assets$10.34M
Free Cash Flow-$8.74M
Debt & Equity
Debt 217%
Total Debt$3.51M
Total Equity-$1.89M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:20Reverse splitOct 16, 202320 shares → 1
Balance Sheet Details
Assets$10.34M
Liabilities$12.23M
Accounts Receivable$0
Accounts Payable$337K
Inventory$0
PP&E (Net)$23K
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2004-12-31 |
| Revenue | $0 | $0 | $0 | $3.14M | $1.17M | $128K | $187K | $85K | $53K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $57K | $281K | $643K | $778K | $983K |
| YoY Growth | - | - | - | 167.0% | 820.3% | -31.6% | 120.9% | 58.6% | - | - | - | - | - | - | - | - | - | -79.8% | -56.3% | -17.3% | -20.9% | - |
| Cost of Revenue | $0 | $0 | $15.28M | $13.63M | $10.79M | $6.68M | $3.57M | $922K | $236K | $154K | $106K | $0 | $0 | $225K | $0 | $0 | $0 | $39K | $199K | $333K | $482K | $180K |
| Gross Profit | $0 | $0 | -$15.28M | -$10.49M | -$9.61M | -$6.55M | -$3.39M | $6K | $3K | -$154K | -$106K | $0 | $0 | $0 | $0 | $0 | $0 | $17K | $82K | $309K | $296K | $803K |
| Gross Margin | - | - | - | -334.5% | -818.1% | -5132.5% | -1813.8% | 7.5% | 4.7% | - | - | - | - | - | - | - | - | 30.8% | 29.3% | 48.1% | 38.1% | 81.7% |
| Research and Development | $0 | $203K | $506K | $904K | $2.15M | $2.36M | $2.36M | $3.46M | $3.37M | $3.43M | $2.63M | $2.5M | $1.9M | $1.63M | $2.17M | $1.95M | $1.68M | $2.34M | $2.44M | $3.54M | $2.81M | $485K |
| Selling, General, and Administrative | $4.02M | $9.23M | $13.17M | $10.93M | $10.36M | $7.33M | $7.43M | $4.37M | $4.72M | $4.64M | $4.29M | $4.5M | $2.98M | $2.68M | $3.04M | $3.14M | $2.94M | $0 | $0 | $0 | $0 | $3.17M |
| Other | $0 | $191K | -$15.28M | $0 | $0 | $0 | $0 | -$7K | -$6K | -$6K | $0 | -$193K | $0 | $0 | $0 | $0 | $0 | $3.52M | $5.52M | $0 | $2.63M | $0 |
| Total Operating Expenses | $4.02M | $9.63M | -$1.61M | $11.83M | $12.51M | $9.7M | $9.79M | $10.37M | $9.23M | $8.06M | $7.03M | $7.13M | $4.88M | $4.12M | $5.42M | $5.32M | $4.92M | $7.08M | $7.96M | $8.05M | $5.44M | $3.66M |
| Operating Income (EBIT) | -$4.02M | -$9.63M | -$13.67M | -$22.32M | -$22.12M | -$16.25M | -$13.18M | -$10.37M | -$9.23M | -$8.06M | -$7.03M | -$7.13M | -$4.88M | -$4.41M | -$5.42M | -$5.32M | -$4.92M | -$7.06M | -$7.88M | -$7.92M | -$5.14M | -$2.86M |
| Operating Margin | - | - | - | -711.6% | -1883.0% | -12727.1% | -7057.3% | -12264.8% | -17328.0% | - | - | - | - | - | - | - | - | -12421.5% | -2802.1% | -1231.7% | -661.0% | -290.5% |
| Interest Expense | $206K | $2.29M | $304K | $291K | $316K | $152K | $63K | $22K | $22K | $403K | $0 | $0 | $530 | $0 | $3K | $2K | $0 | $88K | $29K | $141K | $2.36M | $134K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $87K | $432K | $1.05M | $0 | $0 | $0 |
| Other Income (Expense) | $1.79M | -$1.75M | -$169K | $166K | -$201K | -$152K | -$49K | -$16K | -$27K | -$406K | -$5K | $8K | $186K | -$103K | $2.71M | -$2K | $87K | $407K | $1.02M | -$141K | -$2.36M | -$261K |
| Income Before Tax (EBT) | -$2.23M | -$11.38M | -$13.84M | -$22.16M | -$22.32M | -$16.4M | -$13.23M | -$10.38M | -$9.26M | -$8.47M | -$7.03M | -$7.13M | -$4.69M | -$4.42M | -$2.71M | -$5.32M | -$4.84M | -$6.66M | -$6.85M | -$8.06M | -$7.5M | -$3.12M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6K | $16K | $0 | $0 | $0 | $0 | $103K | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$18.49M | -$149.19M | -$27.56M | -$22.16M | -$22.32M | -$16.4M | -$13.23M | -$10.38M | -$9.26M | -$8.47M | -$7.03M | -$7.13M | -$4.69M | -$4.42M | -$2.71M | -$5.32M | -$4.84M | -$6.66M | -$6.85M | -$8.06M | -$7.5M | -$3.12M |
| Net Income Margin | - | - | - | -706.3% | -1900.1% | -12846.3% | -7083.5% | -12283.8% | -17378.7% | - | - | - | - | - | - | - | - | -11705.9% | -2438.5% | -1253.7% | -964.4% | -317.1% |
| Supplementary Data | ||||||||||||||||||||||
| EPS | -4.77 | -38.65 | -7.17 | -6.20 | -6.40 | -9.00 | -13.20 | -18.80 | -21.11 | -31.95 | -27.92 | -30.46 | -23.33 | -27.97 | -9.34 | -18.34 | -16.67 | -22.95 | -23.62 | -27.77 | -360.00 | -4500.00 |
| Diluted EPS | -4.77 | -38.65 | -7.17 | -6.20 | -6.40 | -9.00 | -13.20 | -18.80 | -21.11 | -31.95 | -27.92 | -30.46 | -23.33 | -27.97 | -9.34 | -18.34 | -16.67 | -22.95 | -23.62 | -27.77 | -360.00 | -4500.00 |
| Weighted Average OS | 3.87M | 3.86M | 3.84M | 3.55M | 3.47M | 1.82M | 1.00M | 554,142 | 438,624 | 265,156 | 251,867 | 233,987 | 201,022 | 157,835 | 290,127 | 290,127 | 290,127 | 290,127 | 290,127 | 290,127 | 416,195 | 683 |
| EBITDA | -$2.02M | -$8.74M | -$11.45M | -$19.84M | -$20.22M | -$14.75M | -$11.88M | -$9.52M | -$9.05M | -$7.91M | -$6.92M | -$7M | -$4.73M | -$4.18M | -$2.49M | -$5.07M | -$4.49M | -$5.53M | -$7.64M | -$7.67M | -$4.94M | -$2.81M |
| EBITDA Margin | - | - | - | -632.5% | -1721.0% | -11556.2% | -6361.2% | -11259.1% | -16990.1% | - | - | - | - | - | - | - | - | -9730.6% | -2719.4% | -1193.9% | -635.2% | -285.8% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Assets | |||||||||||||||||||||
| Current Assets | |||||||||||||||||||||
| Cash and Cash Equivalents | $501K | $230K | $8.2M | $101.64M | $88.45M | $95.75M | $2.8M | $2.99M | $493K | $3.32M | $1.31M | $5.16M | $1.88M | $349K | $1.63M | $2.58M | $1.2M | $2.5M | $3.65M | $5.3M | $246K |
| Short-Term Investments | $0 | $0 | $0 | $22K | $101.77M | $0 | $0 | $0 | $13K | $11K | $10K | $12K | $13K | $14K | $14K | $3.62M | $4.5M | $8.05M | $13.19M | $18.08M | $0 |
| Cash and Short-Term Investments | $501K | $230K | $8.2M | $101.66M | $190.23M | $95.75M | $2.8M | $3M | $506K | $3.34M | $1.32M | $5.18M | $1.89M | $363K | $1.64M | $6.19M | $5.69M | $10.55M | $16.83M | $23.38M | $246K |
| Accounts Receivable | $0 | $0 | $856K | $0 | $0 | $47K | $0 | $116K | $184K | $165K | $42K | $27K | $78K | $24K | $230K | $105K | $365K | $200K | $387K | $418K | $523K |
| Inventory | $0 | $0 | $0 | $2.33M | $1.26M | $1.53M | $1.23M | $76K | $172K | $0 | $0 | $0 | $0 | $0 | -$0 | $2 | $0 | $0 | $0 | -$308K | -$509K |
| Other Current Assets | $9.55M | $10.82M | $21.66M | $337K | $419K | -$47K | $55K | $154K | $421K | $0 | $0 | $0 | $0 | $0 | $0 | $236K | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $10.32M | $11.34M | $31.01M | $106.05M | $193.03M | $97.68M | $4.48M | $3.51M | $1.39M | $3.57M | $1.48M | $5.3M | $2.19M | $514K | $1.96M | $6.53M | $6.26M | $10.96M | $17.8M | $23.91M | $783K |
| Long-Term Assets | |||||||||||||||||||||
| Property, Plant & Equipment Net | $23K | $52K | $144.18M | $106.51M | $34.1M | $27.27M | $25.47M | $23.72M | $21.8M | $1.72M | $741K | $914K | $1.02M | $1.13M | $1.25M | $1.38M | $1.79M | $1.81M | $2.01M | $1.61M | $2.42M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $204K | $218K | $232K | $246K | $259K | $363K | $377K | $390K | $398K | $369K | $334K | $294K | $261K | $105K | $365K | $200K | $387K | $418K | $523K |
| Long-Term Investments | $0 | $0 | $1M | $0 | $0 | $0 | $9K | $81K | $162K | $22K | $22K | $22K | $22K | $22K | $0 | -$0 | $23K | $0 | $0 | $0 | $2 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$81K | -$162K | -$22K | -$22K | -$22K | -$22K | -$22K | $1.63M | $2.58M | $1.2M | $2.5M | $3.65M | $5.3M | $246K |
| Other Long-Term Assets | $0 | $22.67M | $11.15M | $1.06M | $1.08M | $577K | $23K | $81K | $162K | $22K | $22K | $22K | $22K | $22K | -$1.56M | -$2.43M | -$1.2M | -$2.5M | -$3.65M | -$5.3M | -$246K |
| Total Long-Term Assets | $23K | $22.72M | $156.54M | $107.79M | $35.41M | $28.09M | $25.76M | $24.16M | $22.34M | $2.14M | $1.16M | $1.3M | $1.37M | $1.45M | $1.58M | $1.81M | $1.92M | $1.9M | $2.25M | $1.86M | $2.66M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $10.34M | $34.06M | $187.55M | $213.84M | $228.44M | $125.78M | $30.23M | $27.67M | $23.73M | $5.71M | $2.64M | $6.61M | $3.56M | $1.96M | $3.54M | $8.34M | $8.18M | $12.87M | $20.05M | $25.77M | $3.44M |
| Liabilities | |||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||
| Accounts Payable | $337K | $10.1M | $12.11M | $12M | $4.32M | $800K | $809K | $367K | $1.09M | $162K | $157K | $138K | $132K | $241K | $124K | $233K | $144K | $101K | $277K | $344K | $848K |
| Short-Term Debt | $23K | $1.26M | $551K | $2.39M | $627K | $260K | $163K | $72K | $50K | $18K | $0 | $0 | $0 | $271K | $67K | $66K | $60K | $69K | $94K | $90K | $2.26M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $86K | $0 | $24K | $241K | $0 | $0 | $5K | $3K | $5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $24K | -$1.34M | -$856K | $0 | $0 | $0 | -$215K | $0 | $0 | $0 | $0 | $0 | -$344K | -$848K |
| Other Current Liabilities | $7.48M | $4.81M | $1.77M | $0 | $0 | $0 | $69K | $58K | $1.21M | -$23K | $0 | $0 | $3K | $99K | $94K | $0 | $0 | -$2K | $352K | $0 | $0 |
| Total Current Liabilities | $8.75M | $16.2M | $14.77M | $15.43M | $5.89M | $2.08M | $1.69M | $917K | $2.72M | $1.04M | $622K | $677K | $704K | $706K | $567K | $720K | $551K | $878K | $1.24M | $850K | $4.11M |
| Long-Term Liabilities | |||||||||||||||||||||
| Long-Term Debt | $3.49M | $2M | $4.5M | $6.29M | $8.52M | $8.53M | $4.43M | $3.52M | $3.03M | $2.65M | $2.07M | $2.42M | $2.36M | $2.03M | $1.39M | $3.65M | $3.21M | $2.64M | $3.36M | $2.94M | $3.01M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $3.22M | -$729 | -$229 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14K | $23K | $20K | $12K | $0 | $0 |
| Total Long-Term Liabilities | $3.49M | $2.02M | $7.76M | $6.49M | $8.75M | $8.82M | $4.78M | $3.52M | $3.03M | $2.65M | $2.07M | $2.42M | $2.36M | $2.03M | $1.39M | $3.66M | $3.23M | $2.66M | $3.37M | $2.94M | $3.01M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $12.23M | $18.22M | $22.53M | $21.92M | $14.63M | $10.9M | $6.47M | $4.44M | $5.75M | $3.68M | $2.69M | $3.1M | $3.06M | $2.74M | $1.96M | $4.38M | $3.78M | $3.54M | $4.61M | $3.79M | $7.13M |
| Stockholders' Equity | |||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $1 | $0 | $0 | $1 | $1 | $132K |
| Common Stock | $4K | $4K | $4K | $4K | $71K | $55K | $22K | $15K | $9K | $6K | $157K | $145K | $125K | $102K | $68K | $67K | $50K | $50K | $50K | $49K | $21K |
| Retained Earnings | -$388.26M | -$369.77M | -$220.58M | -$193.02M | -$170.86M | -$148.54M | -$132.14M | -$118.91M | -$108.53M | -$99.27M | -$90.8M | -$83.77M | -$76.64M | -$71.96M | -$67.54M | -$64.83M | -$59.51M | -$54.67M | -$48.02M | -$41.16M | -$33.1M |
| Comprehensive Income & Other | $0 | -$688K | -$405K | -$517K | -$256K | -$267K | -$360K | -$574K | -$214K | -$286K | -$226K | -$455K | -$566K | -$660K | -$650K | -$722K | -$592K | -$289K | -$586K | -$487K | -$532K |
| Other Stockholders' Equity | $386.37M | $385.61M | $385.59M | $384.94M | $384.59M | $263.36M | $155.88M | $142.13M | $126.5M | $101.3M | $90.59M | $87.14M | $77.02M | $71.07M | $69.05M | $68.72M | $63.86M | $63.95M | $63.41M | $63.1M | $29.27M |
| Total Equity | -$1.89M | $15.84M | $165.02M | $191.92M | $213.8M | $114.88M | $23.76M | $23.23M | $17.98M | $2.03M | -$56K | $3.51M | $497K | -$780K | $1.58M | $3.96M | $4.4M | $9.33M | $15.45M | $21.98M | -$3.81M |
| Minority Interest | $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 | $10.34M | $34.06M | $187.55M | $213.84M | $228.44M | $125.78M | $30.23M | $27.67M | $23.73M | $5.71M | $2.64M | $6.61M | $3.56M | $1.96M | $3.54M | $8.34M | $8.18M | $12.87M | $20.05M | $25.77M | $3.31M |
| Supplementary Data | |||||||||||||||||||||
| Total Debt | $3.51M | $3.31M | $5.1M | $8.9M | $9.44M | $9.14M | $5.01M | $3.59M | $3.08M | $2.66M | $2.07M | $2.42M | $2.36M | $2.31M | $1.46M | $3.71M | $3.27M | $2.71M | $3.45M | $3.03M | $5.27M |
| Net Debt | $3.01M | $3.08M | -$3.11M | -$92.74M | -$79.01M | -$86.61M | $2.21M | $601K | $2.59M | -$662K | $757K | -$2.74M | $484K | $1.96M | -$171K | $1.14M | $2.07M | $209K | -$193K | -$2.27M | $5.02M |
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 | -$18.49M | -$149.19M | -$27.56M | -$22.16M | -$22.32M | -$16.4M | -$13.23M | -$10.38M | -$9.26M | -$8.47M | -$7.03M | -$7.13M | -$4.69M | -$4.41M | -$2.71M | -$5.32M | -$4.92M | -$7.06M | -$7.88M | -$7.92M | -$5.14M |
| Depreciation & Amortization | $0 | $904K | $2.16M | $2.02M | $1.79M | $1.49M | $1.29M | $843K | $185K | $154K | $106K | $141K | $147K | $225K | $212K | $232K | $328K | $312K | $232K | $243K | $201K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $71K | $299K | $542K | $535K | $394K | $437K | $872K | $263K | $122K | $218K | $238K | $273K | $142K | $324K | $250K | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $9K | $65K | $56K | -$11K | -$122K | -$21K | $48K | -$57K | $91K | -$10K | $108K | $27K | $284K | -$422K | $10K | -$237K |
| Inventory | $0 | $1.72M | $547K | -$1.03M | $268K | -$282K | -$1.15M | $94K | -$170K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$2.17M | $615K | -$51K | -$2K | $231K | $146K | $609K | -$967K | $626K | $340K | -$25K | -$13K | $281K | -$68K | -$164K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$207K | $1.92M | $108K | -$403K | -$847K | $263K | $60K | $290K | -$593K | $38K | -$12K | $118K | -$95K | $121K | $111K | $146K | -$441K | -$302K | $387K | -$1.06M | $1.09M |
| Total Working Capital Change | -$2.38M | $4.26M | $605K | -$1.43M | -$349K | $136K | -$420K | -$527K | -$148K | $257K | -$59K | $153K | $129K | $144K | -$63K | $254K | -$414K | -$17K | -$34K | -$1.05M | $855K |
| Other Non-Cash Items | $12.06M | $129.87M | $17K | $23K | $17K | $44K | $241K | -$15K | -$941 | $393K | -$2K | $0 | -$187K | $5K | -$2.64M | $191K | $517K | $488K | $958K | $3.22M | $2.16M |
| Net Cash from Operating | -$8.74M | -$13.86M | -$24.24M | -$21.01M | -$20.47M | -$14.29M | -$11.25M | -$9.82M | -$9.1M | -$7.45M | -$6.75M | -$6.56M | -$4.46M | -$3.72M | -$4.95M | -$4.64M | -$4.49M | -$6.28M | -$6.72M | -$5.5M | -$1.93M |
| Investing Activities | |||||||||||||||||||||
| Capital Expenditures | $0 | -$2.93M | -$68.89M | -$67.48M | -$5.71M | -$4.32M | -$2.48M | -$4.1M | -$19.05M | -$1.09M | -$74K | -$117K | -$100K | -$53K | -$69K | -$117K | -$170K | -$118K | -$349K | -$326K | -$95K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$47.62M | -$188.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.55M | $0 | $0 | -$17.19M | -$31.13M | -$29.12M | $0 |
| Sales of Investments | $0 | $0 | $0 | $149.44M | $86.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.08M | $0 | $0 | $22.58M | $36.69M | $11.24M | $0 |
| Other Investing Activities | $7.13M | $10.49M | -$3K | $13K | -$11K | $1.09M | $16K | $23K | $941 | $18K | -$30K | -$35K | -$42K | -$69K | -$14K | $809K | $3.43M | -$42K | -$62K | -$59K | -$5K |
| Net Cash from Investing | $7.13M | $7.56M | -$68.89M | $34.35M | -$107.54M | -$3.24M | -$2.46M | -$4.08M | -$19.05M | -$1.07M | -$104K | -$152K | -$142K | -$122K | $3.45M | $692K | $3.26M | $5.22M | $5.16M | -$18.26M | -$100K |
| Financing Activities | |||||||||||||||||||||
| Debt Repaid | -$1.87M | $2.66M | $308K | $164K | -$334K | -$4.15M | -$815K | -$716K | -$221K | -$10.54M | -$44K | -$268K | -$397K | -$810K | -$547K | -$474K | $74K | $89K | $96K | $997K | -$2.92M |
| Common Stock Issuance | $0 | $0 | $0 | $2K | $120.84M | $104.63M | $12.4M | $10.62M | $24.99M | $0 | $3M | $9.74M | $5.73M | $1.74M | $0 | $4.86M | $0 | $0 | $10K | $33.29M | $129K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $2.23M | $272K | $5.12M | $28K | $0 | $0 | $12K | $4K | $0 | $4K | $0 | $0 | $0 | $0 | -$3.48M | -$938K |
| Net Cash from Financing | $1.87M | -$2.66M | -$308K | -$162K | $121.18M | $111M | $13.48M | $16.45M | $25.24M | $10.54M | $3.04M | $10.02M | $6.13M | $2.55M | $551K | $5.33M | -$74K | -$89K | -$86K | $28.82M | $2.11M |
| Forex Effect | $9K | -$10K | $3K | $3K | $36K | -$23K | $24K | -$54K | $80K | -$7K | -$41K | -$24K | $132 | $2K | $4K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $271K | -$8.97M | -$93.43M | $13.18M | -$6.8M | $93.45M | -$204K | $2.5M | -$2.83M | $2.01M | -$3.85M | $3.29M | $1.53M | -$1.28M | -$946K | $1.38M | -$1.3M | -$1.15M | -$1.65M | $5.05M | $81K |
| Supplementary Data | |||||||||||||||||||||
| Operating Cash Flow | -$8.74M | -$13.86M | -$24.24M | -$21.01M | -$20.47M | -$14.29M | -$11.25M | -$9.82M | -$9.1M | -$7.45M | -$6.75M | -$6.56M | -$4.46M | -$3.72M | -$4.95M | -$4.64M | -$4.49M | -$6.28M | -$6.72M | -$5.5M | -$1.93M |
| Capital Expenditure | $0 | -$2.93M | -$68.89M | -$67.48M | -$5.71M | -$4.32M | -$2.48M | -$4.1M | -$19.05M | -$1.1M | -$104K | -$152K | -$142K | -$122K | -$83K | -$117K | -$170K | -$118K | -$349K | -$326K | -$95K |
| Free Cash Flow | -$8.74M | -$16.79M | -$93.13M | -$88.48M | -$26.19M | -$18.61M | -$13.73M | -$13.92M | -$28.15M | -$8.55M | -$6.85M | -$6.71M | -$4.6M | -$3.84M | -$5.03M | -$4.76M | -$4.66M | -$6.4M | -$7.07M | -$5.83M | -$2.02M |
| Cash at Beginning | $230K | $9.2M | $102.64M | $89.45M | $96.25M | $2.8M | $3M | $506K | $3.34M | $1.31M | $5.16M | $1.88M | $349K | $1.63M | $2.58M | $4.75M | $6.94M | $11.63M | $18.39M | $18.24M | -$2.09M |
| Cash at End | $501K | $230K | $9.2M | $102.64M | $89.45M | $96.25M | $2.8M | $3M | $506K | $3.32M | $1.31M | $5.16M | $1.88M | $349K | $1.63M | $6.13M | $5.63M | $10.49M | $16.74M | $23.29M | -$2.01M |