FITLIFE BRANDS, INC. (FTLF)
FitLife Brands, Inc. supplies dietary supplements to health-conscious individuals across the United States and globally. Their extensive product line caters to various needs, encompassing weight management, overall well-being, and athletic performance. This includes specialized formulations designed for professional muscle development, performance-enhancing supplements for fitness enthusiasts, and offerings for men's health, alongside general diet, health, sports nutrition items, energy boosters, and meal replacement options. The company markets its diverse portfolio under well-known brand names such as NDS Nutrition, PMD Sports, SirenLabs, CoreActive, Metis Nutrition, iSatori, BioGenetic Laboratories, and Energize. These products are distributed through a multi-channel approach, including company-franchised stores, a variety of retail outlets (specialty and mass market), and e-commerce platforms. Established in 2005, the company was previously known as Bond Laboratories, Inc., adopting the FitLife Brands, Inc. name in September 2013, and maintains its headquarters in Omaha, Nebraska.
Sector: Medicinal Chemicals & Botanical Products
Industry: Packaged Foods
FitLife Brands, Inc.
NASDAQ:FTLFConsumer Defensive · Packaged Foods
-0.36%$8.32
Mkt Cap$78.13M
Float3.83M
O/S9.39M
Inst Own6.8%
SI1.6%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$81.46M
Net Income$6.33M
Total Assets$106.32M
Free Cash Flow$7.4M
Debt & Equity
Debt 51%
Equity 49%
Total Debt$45.25M
Total Equity$43.64M
Shares Outstanding
Short Interest
Split History3 splits
- 2:1Forward splitFeb 7, 20251 share → 2
- 4:1Forward splitDec 8, 20211 share → 4
- 800:1Forward splitApr 16, 20191 share → 800
Balance Sheet Details
Assets$106.32M
Liabilities$62.68M
Accounts Receivable$8.77M
Accounts Payable$6.91M
Inventory$21.32M
PP&E (Net)$810K
Goodwill$19.39M
Intangible Assets$51.44M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Revenue | $81.46M | $64.47M | $52.7M | $28.8M | $27.91M | $22.11M | $19.5M | $17.08M | $17.8M | $25.31M | $17.93M | $19.96M | $19.68M | $18.09M | $12.09M | $8.15M | $8.73M | $2.53M | $12K | $9K | $0 |
| YoY Growth | 26.4% | 22.3% | 83.0% | 3.2% | 26.2% | 13.4% | 14.2% | -4.1% | -29.7% | 41.2% | -10.2% | 1.4% | 8.8% | 49.6% | 48.4% | -6.7% | 245.2% | 21846.4% | 22.5% | - | - |
| Cost of Revenue | $50.01M | $36.39M | $31.27M | $16.77M | $15.41M | $12.57M | $11.44M | $10.33M | $12.71M | $15.24M | $11.65M | $12.87M | $12.55M | $11.57M | $7.94M | $6.12M | $6.49M | $1.62M | $8K | $8K | $0 |
| Gross Profit | $31.45M | $28.08M | $21.43M | $12.03M | $12.5M | $9.54M | $8.06M | $6.75M | $5.09M | $10.07M | $6.28M | $7.09M | $7.14M | $6.52M | $4.15M | $2.03M | $2.24M | $913K | $4K | $1K | $0 |
| Gross Margin | 38.6% | 43.6% | 40.7% | 41.8% | 44.8% | 43.1% | 41.3% | 39.5% | 28.6% | 39.8% | 35.0% | 35.5% | 36.2% | 36.1% | 34.3% | 24.9% | 25.7% | 36.1% | 32.0% | 11.6% | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $121K | $121K | $272K | $82K | $12K |
| Selling, General, and Administrative | $18.9M | $9.97M | $12.16M | $6.27M | $6.21M | $5.15M | $5.43M | $6.02M | $7.71M | $9.12M | $7.07M | $5.01M | $5.52M | $4.4M | $3.68M | $4.86M | $12.75M | $7.38M | $3.65M | $546K | $140K |
| Other | $420K | $4.99M | $1.72M | $66K | $59K | $38K | $52K | $69K | -$8K | $5K | -$14K | $88K | $36K | $13K | $263K | $274K | $279K | $70K | $15K | $2K | $0 |
| Total Operating Expenses | $19.32M | $14.96M | $13.88M | $6.33M | $6.27M | $5.19M | $5.48M | $6.09M | $8.11M | $9.6M | $7.37M | $5.24M | $5.75M | $4.64M | $3.94M | $5.13M | $13.03M | $7.57M | $3.94M | $630K | $140K |
| Operating Income (EBIT) | $12.14M | $13.12M | $7.55M | $5.7M | $6.23M | $4.35M | $2.58M | $653K | -$8.95M | $472K | -$1.09M | $1.85M | $1.39M | $1.88M | $209K | -$3.1M | -$10.78M | -$6.66M | -$3.93M | -$629K | -$140K |
| Operating Margin | 14.9% | 20.3% | 14.3% | 19.8% | 22.3% | 19.7% | 13.2% | 3.8% | -50.3% | 1.9% | -6.1% | 9.3% | 7.0% | 10.4% | 1.7% | -38.1% | -123.5% | -263.3% | -34099.5% | -6683.5% | - |
| Interest Expense | $1.86M | $1.37M | $1.02M | $0 | $0 | $15K | $47K | $133K | $112K | $109K | $90K | $95K | $41K | $18K | $31K | $140K | $41K | $9K | $43K | $22K | $2K |
| Interest Income | $98K | $69K | $289K | $121K | $25K | $9K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $37K | $7K | $2K | $0 |
| Other Income (Expense) | -$3.91M | -$1.25M | -$547K | $121K | $478K | $64K | $36K | -$133K | -$120K | -$104K | -$104K | -$7K | -$5K | -$6K | $118K | -$77K | $42K | $36K | -$30K | -$21K | -$25K |
| Income Before Tax (EBT) | $8.23M | $11.87M | $7M | $5.82M | $6.71M | $4.41M | $2.62M | $520K | -$9.07M | $368K | -$1.19M | $1.84M | $1.38M | $1.88M | $327K | -$3.18M | -$10.78M | -$6.63M | -$3.96M | -$650K | -$154K |
| Income Tax Expense | $1.9M | $2.89M | $1.71M | $1.39M | $1.3M | -$4.42M | $7K | $11K | $689K | $0 | -$28K | $171K | $91K | -$649K | $0 | $0 | -$888 | -$36K | $30K | $0 | $0 |
| Net Income | $6.33M | $8.98M | $5.3M | $4.43M | $5.41M | $8.82M | $2.7M | $509K | -$9.76M | $368K | -$1.17M | $1.67M | $1.29M | $2.52M | $327K | -$3.18M | -$10.78M | -$6.63M | -$3.96M | -$650K | -$154K |
| Net Income Margin | 7.8% | 13.9% | 10.0% | 15.4% | 19.4% | 39.9% | 13.8% | 3.0% | -54.8% | 1.5% | -6.5% | 8.4% | 6.6% | 14.0% | 2.7% | -39.0% | -123.4% | -261.9% | -34359.1% | -6901.5% | - |
| Supplementary Data | |||||||||||||||||||||
| EPS | 0.68 | 0.98 | 0.59 | 0.49 | 0.61 | 1.05 | 0.31 | 0.46 | -1.16 | 0.05 | 0.00 | 0.00 | 0.21 | 0.38 | 0.00 | -0.63 | -2.50 | -3.50 | -5.38 | -2.44 | -516.56 |
| Diluted EPS | 0.63 | 0.91 | 0.54 | 0.45 | 0.55 | 0.97 | 0.29 | 0.46 | -1.16 | 0.05 | -0.16 | 0.25 | 0.17 | 0.38 | 0.00 | -0.63 | -2.50 | -2.75 | -4.75 | -2.44 | -516.56 |
| Weighted Average OS | 9.35M | 9.20M | 8.98M | 9.11M | 8.81M | 8.47M | 8.21M | 875,486 | 8.41M | 8.27M | 6.94M | 6.54M | 6.26M | 5.96M | 5.84M | 4.85M | 4.29M | 1.89M | 730,512 | 265,150 | 320 |
| EBITDA | $10.51M | $13.35M | $8.12M | $5.89M | $6.77M | $4.38M | $2.72M | $722K | -$8.55M | $951K | -$803K | $2.08M | $1.62M | $2.14M | $621K | -$2.76M | -$10.46M | -$6.55M | -$3.9M | -$628K | -$140K |
| EBITDA Margin | 12.9% | 20.7% | 15.4% | 20.4% | 24.2% | 19.8% | 13.9% | 4.2% | -48.0% | 3.8% | -4.5% | 10.4% | 8.2% | 11.8% | 5.1% | -33.9% | -119.8% | -258.8% | -33862.7% | -6666.8% | - |
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 | $1.65M | $4.47M | $1.14M | $13.28M | $9.9M | $6.34M | $265K | $259K | $1.26M | $1.29M | $1.53M | $4.35M | $3.31M | $937K | $355K | $446K | $1.04M | $263K | $590K | $61K | $35K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.65M | $4.47M | $1.14M | $13.28M | $9.9M | $6.34M | $265K | $259K | $1.26M | $1.29M | $1.53M | $4.35M | $3.31M | $937K | $355K | $446K | $1.04M | $263K | $590K | $61K | $35K |
| Accounts Receivable | $8.77M | $1.65M | $3.06M | $705K | $945K | $1.8M | $2.37M | $1.88M | $1.96M | $2.63M | $2.7M | $1.69M | $1.26M | $969K | $1.04M | $575K | $462K | $679K | $5K | $0 | $0 |
| Inventory | $21.32M | $11.07M | $9.09M | $9.11M | $6.52M | $3.53M | $3M | $3.52M | $2.87M | $3.76M | $4.79M | $2.28M | $2.75M | $3.68M | $1.88M | $1.47M | $2.09M | $1.98M | $0 | $0 | $0 |
| Other Current Assets | $1.33M | $950K | $1.4M | $116K | $0 | $40K | $0 | $223K | $5K | $123K | $361K | $689K | $689K | $689K | $21K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $33.07M | $18.14M | $14.69M | $23.2M | $17.68M | $11.75M | $5.7M | $5.44M | $6.32M | $8.13M | $9.54M | $9.06M | $8.13M | $6.4M | $3.3M | $2.55M | $3.64M | $2.96M | $1.22M | $61K | $35K |
| Long-Term Assets | |||||||||||||||||||||
| Property, Plant & Equipment Net | $810K | $487K | $258K | $149K | $228K | $306K | $390K | $189K | $295K | $171K | $227K | $3K | $6K | $19K | $43K | $87K | $233K | $238K | $93K | $65K | $0 |
| Goodwill | $19.39M | $13.02M | $13.29M | $358K | $358K | $225K | $225K | $225K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $51.44M | $26.23M | $26.31M | $150K | $192K | $0 | $0 | $0 | $225K | $6.51M | $6.93M | $1.04M | $1.04M | $1.26M | $1.48M | $1.7M | $1.92M | $2.16M | $0 | $0 | $7K |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $53K | $53K | $0 | $50K | -$689K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $1.52M | $644K | $792K | $1.85M | $0 | $0 | $0 | $0 | $0 | $689K | $813K | $0 | $0 | $689K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $83K | $0 | $0 | $0 | $3.04M | $4.34M | $10K | $10K | $22K | $0 | $0 | $3K | $3K | $3K | $7K | $4K | $10K | $6K | $3K | $0 | $0 |
| Total Long-Term Assets | $73.25M | $40.39M | $40.65M | $2.5M | $3.82M | $4.87M | $625K | $424K | $542K | $7.42M | $8.02M | $1.04M | $1.1M | $1.28M | $1.53M | $1.79M | $2.16M | $2.4M | $96K | $65K | $7K |
| 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 | $106.32M | $58.53M | $55.35M | $25.71M | $21.51M | $16.62M | $6.33M | $5.86M | $6.86M | $15.55M | $17.56M | $10.1M | $9.23M | $7.68M | $4.82M | $4.34M | $5.8M | $5.36M | $1.31M | $125K | $42K |
| Liabilities | |||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||
| Accounts Payable | $6.91M | $4.07M | $3.26M | $3M | $2.88M | $3.25M | $2.01M | $2.63M | $2.97M | $1.6M | $3.36M | $814K | $1.2M | $1.21M | $767K | $621K | $690K | $951K | $30K | $15K | $4K |
| Short-Term Debt | $6.09M | $4.5M | $4.5M | $0 | $0 | $0 | $0 | $500K | $2.37M | $2.51M | $2.07M | $944K | $926K | $437K | $437K | $632K | $1.06M | $986K | $0 | $0 | $0 |
| Current Income Tax Payable | $1.7M | $1.42M | $892K | $187K | $0 | $0 | $0 | $0 | $0 | $120M | $152M | $40K | $48K | $32K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1M | $40K | $328K | $32K | $162K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $1.04M | $564K | $571K | $590K | $632K | $345K | $256K | $446K | $0 | $0 | $96K | $40K | $63K | $0 | $250K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $21.61M | $11.31M | $10.34M | $4.27M | $4.06M | $4.14M | $2.78M | $3.55M | $5.95M | $4.64M | $6.53M | $1.95M | $2.47M | $1.87M | $1.62M | $1.35M | $1.84M | $2.18M | $30K | $243K | $84K |
| Long-Term Liabilities | |||||||||||||||||||||
| Long-Term Debt | $38.45M | $8.55M | $15.51M | $0 | $0 | $453K | $0 | $0 | $0 | $369K | $914K | $1.44M | $1.95M | $0 | $0 | $0 | $0 | $118K | $0 | $597K | $112K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$95K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $2.32M | $2.21M | $2.41M | $0 | $0 | $0 | $0 | $0 | $0 | $95K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $26K | $0 | $0 | $0 | $0 | -$1 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $41.07M | $11.09M | $17.97M | $49K | $103K | $611K | $208K | $0 | $0 | $369K | $914K | $1.44M | $1.95M | $0 | $437K | $0 | $0 | $118K | $0 | $597K | $112K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$437K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $62.68M | $22.41M | $28.31M | $4.32M | $4.16M | $4.75M | $2.98M | $3.55M | $5.95M | $5.01M | $7.45M | $3.39M | $4.42M | $1.87M | $1.62M | $1.35M | $1.84M | $2.29M | $30K | $841K | $196K |
| Stockholders' Equity | |||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $808K | $589K | $436K | $667K | $657K | $50K | $50K | $0 |
| Common Stock | $94K | $92K | $92K | $45K | $46K | $42K | $12K | $111K | $107K | $104K | $104K | $82K | $81K | $748K | $742K | $722K | $562K | $1.51M | $202K | $50K | $20 |
| Retained Earnings | $11.89M | $5.57M | -$3.42M | -$8.71M | -$13.14M | -$18.55M | -$27.11M | -$29.8M | -$30.21M | -$20.45M | -$20.81M | -$19.65M | -$21.32M | -$22.61M | -$25.14M | -$25.58M | -$22.4M | -$11.4M | -$4.78M | -$815K | -$154K |
| Comprehensive Income & Other | -$561K | -$662K | -$292K | -$0 | -$0 | $0 | $0 | -$713K | -$677K | -$622K | -$582K | -$286K | -$280K | -$267K | -$243K | -$201K | -$184K | -$136K | -$16K | -$2K | $0 |
| Other Stockholders' Equity | $31.65M | $30.47M | $30.36M | $30.06M | $30.44M | $30.38M | $30.44M | $32.01M | $31.01M | $30.88M | $30.82M | $26.28M | $26.05M | $27.67M | $27.6M | $27.84M | $25.8M | $12.96M | $5.86M | $50K | $0 |
| Total Equity | $43.64M | $36.13M | $27.04M | $21.39M | $17.35M | $11.87M | $3.34M | $2.31M | $912K | $10.53M | $10.11M | $6.71M | $4.81M | $5.81M | $3.21M | $2.98M | $3.96M | $3.07M | $1.28M | -$715K | -$154K |
| 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 | $106.32M | $58.53M | $55.35M | $25.71M | $21.51M | $16.62M | $6.33M | $5.86M | $6.86M | $15.55M | $17.56M | $10.1M | $9.23M | $7.68M | $4.82M | $4.34M | $5.8M | $5.36M | $1.31M | $125K | $42K |
| Supplementary Data | |||||||||||||||||||||
| Total Debt | $45.25M | $13.46M | $20.15M | $103K | $158K | $661K | $254K | $500K | $2.36M | $2.88M | $2.98M | $2.38M | $2.87M | $437K | $437K | $632K | $1.06M | $1.1M | $0 | $597K | $112K |
| Net Debt | $43.6M | $8.99M | $19.01M | -$13.17M | -$9.74M | -$5.67M | -$11K | $241K | $1.1M | $1.58M | $1.45M | -$1.97M | -$432K | -$500K | $82K | $186K | $22K | $840K | -$590K | $537K | $77K |
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 | $6.33M | $8.98M | $5.3M | $4.43M | $5.41M | $8.82M | $2.61M | $509K | -$9.76M | $368K | -$1.17M | $1.67M | $1.29M | $2.52M | $327K | -$3.18M | -$10.78M | -$6.63M | -$3.96M | -$650K | -$154K |
| Depreciation & Amortization | $420K | $108K | $94K | $66K | $59K | $38K | $52K | $69K | $409K | $478K | $300K | $226K | $232K | $244K | $263K | $274K | $279K | $70K | $15K | $2K | $0 |
| Deferred Income Tax | -$881K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $689K | $0 | -$66.56M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $404K | $459K | $473K | $363K | $452K | $78K | $0 | $293K | $140K | $99K | $454K | $149K | $395K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||
| Accounts Receivable | $210K | $361K | -$882K | $247K | $1.01M | -$144K | -$89K | $1.33M | -$429K | -$108K | -$116K | -$426K | -$291K | $74K | -$468K | -$122K | -$23K | -$424K | $0 | $0 | $0 |
| Inventory | -$582K | -$2.11M | $1.03M | -$2.64M | -$2.94M | -$97K | $249K | -$707K | $973K | $1.03M | -$1.56M | $468K | $932K | -$1.81M | -$404K | $613K | -$102K | -$1.98M | $0 | $0 | $0 |
| Accounts Payable | $743K | $866K | -$2.68M | $115K | -$366K | $1.23M | -$610K | -$346K | $1.38M | -$1.77M | $523K | -$391K | -$4K | $442K | $262K | -$69K | -$145K | $921K | $0 | $0 | $0 |
| Other Working Capital | -$1.33M | $938K | $532K | $1.5M | $1.25M | -$4.16M | -$171K | -$177K | $972K | -$192K | -$86K | -$55K | $94K | -$719K | $90K | $27K | -$52K | $830K | -$15K | $159K | $84K |
| Total Working Capital Change | -$960K | $56K | -$2M | -$773K | -$1.04M | -$3.17M | -$621K | $104K | $2.89M | -$1.03M | -$1.24M | -$405K | $731K | -$2.01M | -$519K | $449K | -$322K | -$657K | -$15K | $159K | $84K |
| Other Non-Cash Items | $2.13M | $3K | $360K | $45K | -$399K | -$49K | $220K | -$424K | $6.3M | $99K | -$351K | $12K | $309K | -$175K | $34K | $601K | $9.27M | $2.46M | $2.55M | $100K | $0 |
| Net Cash from Operating | $7.44M | $9.61M | $4.22M | $4.13M | $4.48M | $5.72M | $2.26M | $258K | $666K | -$88K | -$2.46M | $1.51M | $2.56M | $582K | $105K | -$1.85M | -$1.55M | -$4.75M | -$1.41M | -$389K | -$70K |
| Investing Activities | |||||||||||||||||||||
| Capital Expenditures | -$42K | -$10K | -$106K | $0 | $0 | $0 | $0 | $0 | -$185K | -$23K | -$13K | -$3K | $0 | $0 | -$2K | -$14K | -$29K | -$1.59M | -$43K | -$66K | -$7K |
| Acquisitions | -$42.5M | $0 | -$17.1M | $0 | -$529K | $0 | $0 | $4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$50K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | -$18.79M | $0 | $0 | $0 | $0 | $4K | $0 | -$48K | -$398K | $50K | -$50K | $0 | $1K | $31K | $0 | -$250K | $0 | $0 | $0 |
| Net Cash from Investing | -$42.54M | -$10K | -$35.99M | $0 | -$529K | $0 | $0 | $4K | -$185K | -$71K | -$411K | $47K | -$50K | $0 | -$861 | $16K | -$29K | -$1.84M | -$43K | -$66K | -$7K |
| Financing Activities | |||||||||||||||||||||
| Debt Repaid | -$31.4M | $7M | -$20.13M | - | - | -$450K | $500K | -$85K | $512K | $567K | $660K | $489K | -$2.44M | - | $195K | -$54K | $616K | -$1.21M | -$335K | -$481K | -$117K |
| Common Stock Issuance | $682K | $0 | $0 | $0 | $0 | $0 | $0 | $600K | $0 | $0 | $453.78M | $0 | $0 | $0 | $0 | $686K | $3.02M | $4.3M | $1.65M | $0 | $20 |
| Common Stock Repurchases | $0 | $0 | $0 | -$779K | -$444K | -$171K | -$1.69M | $0 | $0 | -$157K | -$398.21M | -$15K | -$2.58M | $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 | $17K | $171K | $29K | $54K | $71K | $0 | $600K | $0 | $0 | $0 | $0 | $2.58M | $0 | $0 | $0 | $616K | $1.91M | $0 | $0 | $0 |
| Net Cash from Financing | $32.09M | -$6.98M | $20.3M | -$750K | -$390K | $350K | -$2.25M | -$1.26M | -$512K | -$80K | -$660K | -$504K | -$146K | $0 | -$195K | $1.25M | $2.36M | $6.26M | $1.99M | $481K | $112K |
| Forex Effect | $143K | $5K | $98K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $77K |
| Net Change in Cash | -$2.87M | $2.62M | -$11.38M | $3.38M | $3.56M | $6.07M | $6K | -$1M | -$31K | -$240K | -$3.53M | $1.05M | $2.37M | $582K | -$91K | -$591K | $773K | -$327K | $529K | $25K | $112K |
| Supplementary Data | |||||||||||||||||||||
| Operating Cash Flow | $7.44M | $9.61M | $4.22M | $4.13M | $4.48M | $5.72M | $2.26M | $258K | $666K | -$88K | -$2.46M | $1.51M | $2.56M | $582K | $105K | -$1.85M | -$1.55M | -$4.75M | -$1.41M | -$389K | -$70K |
| Capital Expenditure | -$42K | -$10K | -$106K | $0 | $0 | $0 | $0 | $0 | -$185K | -$23K | -$13K | -$3K | $0 | $0 | -$2K | -$14K | -$29K | -$1.59M | -$43K | -$66K | -$7K |
| Free Cash Flow | $7.4M | $9.6M | $4.11M | $4.13M | $4.48M | $5.72M | $2.26M | $258K | $481K | -$112K | -$2.47M | $1.5M | $2.56M | $582K | $103K | -$1.87M | -$1.58M | -$6.34M | -$1.46M | -$455K | -$77K |
| Cash at Beginning | $4.52M | $1.9M | $13.28M | $9.9M | $6.34M | $265K | $259K | $1.26M | $1.29M | $1.53M | $5.06M | $3.31M | $937K | $355K | $446K | $1.04M | $263K | $590K | $61K | $35K | -$77K |
| Cash at End | $1.65M | $4.52M | $1.9M | $13.28M | $9.9M | $6.34M | $265K | $259K | $1.26M | $1.29M | $1.53M | $4.35M | $3.31M | $937K | $355K | $446K | $1.04M | $263K | $590K | $61K | $35K |