INVO Fertility, Inc. (IVF)
INVO Fertility, Inc. is a profitable enterprise primarily focused on delivering fertility services. Beyond this core business, the company actively develops clinical-stage therapies targeting oncology and autoimmune disorders. The firm was established on January 5, 2007, and its operations are based in Sarasota, Florida.
Sector: Surgical & Medical Instruments & Apparatus
Industry: Medical - Devices
INVO Fertility, Inc.
NASDAQ:IVFHealthcare · Medical - Devices
-10.93%$1.91
AH$2.02+5.76%vs close
Mkt Cap$2.2M
Float1.14M
O/S1.15M
Vol
$ Vol
RVOL
Inst Own3.8%
SI0.6%
Earnings
Dilution
Financials Summary
Revenue$6.84M
Net Income-$23.32M
Total Assets$20.22M
Free Cash Flow-$7.06M
Debt & Equity
Debt 26%
Equity 55%
Preferred 18%
Total Debt$3.4M
Total Equity$7.22M
Preferred Stock$2.41M
Shares Outstanding
Short Interest
Split History5 splits · 5 reverse
2-year cumulative
1:5,760Over cap
Past the 1:250 Nasdaq cap, ineligible for a bid-price compliance period
- 1:4Reverse splitOct 30, 20264 shares → 1
- 1:5Reverse splitMar 27, 20265 shares → 1
- 1:8Reverse splitNov 28, 20258 shares → 1
- 1:3Reverse splitJul 21, 20253 shares → 1
- 1:12Reverse splitMar 18, 202512 shares → 1
Balance Sheet Details
Assets$20.22M
Liabilities$13M
Accounts Receivable$217K
Accounts Payable$2.03M
Inventory$225K
PP&E (Net)$1.67M
Goodwill$5.88M
Intangible Assets$1.33M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $6.84M | $6.53M | $3.02M | $822K | $4.16M | $1.04M | $1.48M | $494K | $282K | $51K | $12K | $17K | $27K | $56K | $72K | $68K | $63K | $38K | $0 | $0 |
| YoY Growth | 4.7% | 116.3% | 267.4% | -80.2% | 301.1% | -29.9% | 199.4% | 75.2% | 454.3% | 335.5% | -29.5% | -38.7% | -52.0% | -21.2% | 5.7% | 7.0% | 66.3% | - | - | - |
| Cost of Revenue | $4.31M | $3.66M | $1.93M | $851K | $145K | $89K | $140K | $90K | $52K | $15K | $8K | $8K | $11K | $21K | $18K | $22K | $41K | $10K | $6K | $0 |
| Gross Profit | $2.53M | $2.87M | $1.09M | -$29K | $4.02M | $949K | $1.34M | $404K | $230K | $36K | $4K | $9K | $16K | $35K | $54K | $46K | $22K | $28K | -$6K | $0 |
| Gross Margin | 37.0% | 44.0% | 36.0% | -3.5% | 96.5% | 91.4% | 90.6% | 81.7% | 81.6% | 70.3% | 33.2% | 53.7% | 60.9% | 63.0% | 74.9% | 67.7% | 34.5% | 73.4% | - | - |
| Research and Development | $0 | $490K | $166K | $544K | $216K | $398K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8K | $52K | $33K | $0 |
| Selling, General, and Administrative | $7.69M | $9.08M | $7.49M | $9.98M | $9.02M | $6.07M | $3.13M | $3.04M | $871K | $2.15M | $599K | $1.69M | $622K | $588K | $757K | $1.56M | $1.86M | $1.84M | $171K | $8K |
| Other | $677K | $1.43M | $201K | $77K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $8.37M | $11M | $7.85M | $10.6M | $9.23M | $6.46M | $3.13M | $3.04M | $871K | $2.15M | $599K | $1.69M | $622K | $588K | $757K | $1.56M | $1.86M | $1.89M | $204K | $8K |
| Operating Income (EBIT) | -$5.84M | -$8.13M | -$6.77M | -$10.63M | -$5.22M | -$5.51M | -$1.79M | -$2.63M | -$640K | -$2.11M | -$595K | -$1.68M | -$605K | -$552K | -$703K | -$1.52M | -$1.84M | -$1.86M | -$211K | -$8K |
| Operating Margin | -85.4% | -124.4% | -224.0% | -1292.5% | -125.4% | -531.7% | -120.8% | -532.8% | -227.0% | -4146.1% | -5090.9% | -10131.3% | -2236.4% | -979.7% | -983.4% | -2240.1% | -2915.6% | -4899.2% | - | - |
| Interest Expense | $1.3M | $1.06M | $926K | $59K | $1.27M | $2.84M | $379K | $442K | $21K | $14K | $32K | $52K | $52K | $93K | $156K | $463K | $3.33M | $12K | $4K | $0 |
| Interest Income | $0 | $0 | $0 | $308 | $4K | $4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $216 |
| Other Income (Expense) | $354K | -$993K | -$1.24M | -$263K | -$1.43M | -$2.83M | -$379K | -$442K | -$62K | -$14K | -$4.36M | -$52K | -$155K | -$114K | -$94K | $1.36M | -$2.82M | -$12K | -$4K | $216 |
| Income Before Tax (EBT) | -$5.49M | -$9.12M | -$8.01M | -$10.89M | -$6.65M | -$8.35M | -$2.17M | -$3.08M | -$702K | -$2.12M | -$4.96M | -$1.73M | -$761K | -$666K | -$797K | -$153K | -$4.66M | -$1.87M | -$214K | -$7K |
| Income Tax Expense | -$150K | -$23K | $28K | $3K | $5K | $36 | $433 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$23.32M | -$9.1M | -$8.03M | -$10.89M | -$6.65M | -$8.35M | -$2.17M | -$3.08M | -$702K | -$2.12M | -$4.96M | -$1.73M | -$761K | -$666K | -$797K | -$153K | -$4.66M | -$1.87M | -$214K | -$7K |
| Net Income Margin | -340.9% | -139.3% | -266.0% | -1324.8% | -160.0% | -804.7% | -146.4% | -622.2% | -248.9% | -4173.3% | -42426.6% | -10444.1% | -2810.8% | -1182.1% | -1115.3% | -226.8% | -7375.4% | -4930.7% | - | - |
| Supplementary Data | ||||||||||||||||||||
| EPS | -66.11 | -3178.43 | -8084.16 | -25877.00 | -18026.00 | -43791.00 | -12856.00 | -19243.00 | -4580.35 | -18432.00 | -36864.00 | -4.05 | -1.78 | -1.55 | -1.86 | -1843.20 | -82944.00 | -46080.00 | -571392.00 | -1.84 |
| Diluted EPS | -66.11 | -3178.43 | -8084.16 | -25877.00 | -18026.00 | -43791.00 | -12856.00 | -19243.00 | -4580.35 | -18432.00 | -36864.00 | -4.05 | -1.78 | -1.55 | -1.86 | -22118.00 | -82944.00 | -46080.00 | -571392.00 | -1.84 |
| Weighted Average OS | 117,083 | 2,514 | 994 | 421 | 369 | 191 | 169 | 160 | 153 | 151 | 140 | 428,360 | 428,360 | 428,360 | 428,360 | 69 | 59 | 40 | 0 | 40 |
| EBITDA | -$3.51M | -$7.14M | -$6.88M | -$10.75M | -$5.22M | -$5.48M | -$1.76M | -$2.63M | -$678K | -$2.11M | -$4.92M | -$1.67M | -$697K | -$562K | -$620K | $324K | -$1.32M | -$1.85M | -$204K | -$1K |
| EBITDA Margin | -51.3% | -109.4% | -227.8% | -1307.8% | -125.4% | -527.9% | -119.1% | -531.8% | -240.5% | -4142.4% | -42104.5% | -10067.8% | -2576.5% | -996.9% | -867.7% | 478.4% | -2090.5% | -4879.5% | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | ||||||||||||||||||||
| Current Assets | ||||||||||||||||||||
| Cash and Cash Equivalents | $2.08M | $741K | $232K | $90K | $5.68M | $10.1M | $1.24M | $212K | $26K | $152K | $492K | $19K | $18K | $7K | $403 | $13K | $79K | $16K | $0 | $14K |
| Short-Term Investments | $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 | $2.08M | $741K | $232K | $90K | $5.68M | $10.1M | $1.24M | $212K | $26K | $152K | $492K | $19K | $18K | $7K | $403 | $13K | $79K | $16K | $0 | $14K |
| Accounts Receivable | $217K | $175K | $141K | $77K | $50K | $22K | $8K | $226K | $87K | $3K | $1K | $321 | $2K | $12K | $6K | $16K | $3K | $42K | $0 | $0 |
| Inventory | $225K | $220K | $265K | $264K | $288K | $265K | $101K | $44K | $59K | $85K | $65K | $62K | $66K | $54K | $60K | $69K | $63K | $71K | $0 | $0 |
| Other Current Assets | $241K | $182K | $622K | $190K | $0 | $0 | $196K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $2.76M | $1.32M | $1.26M | $621K | $6.31M | $10.54M | $1.54M | $731K | $234K | $251K | $559K | $81K | $85K | $77K | $68K | $99K | $192K | $202K | $3K | $14K |
| Long-Term Assets | ||||||||||||||||||||
| Property, Plant & Equipment Net | $1.67M | $2.75M | $4.19M | $1.85M | $2.54M | $212K | $195K | $34K | $16K | $16K | $0 | $0 | $5K | $11K | $17K | $24K | $33K | $41K | $0 | $0 |
| Goodwill | $5.88M | $23.54M | $5.88M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $1.33M | $18.1M | $4.09M | $0 | $132K | $95K | $57K | $12K | $16K | $19K | $21K | $27K | $32K | $38K | $44K | $57K | $63K | $68K | $43K | $0 |
| Long-Term Investments | $2.47M | $741K | $3.09M | $1.24M | $1.49M | $98K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $155K | $450K | $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 |
| Other Long-Term Assets | $6.12M | $0 | $0 | $0 | $0 | $240 | $0 | $0 | $2 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9K | $24K |
| Total Long-Term Assets | $17.46M | $45.13M | $17.25M | $3.09M | $4.16M | $405K | $252K | $46K | $32K | $35K | $21K | $27K | $37K | $49K | $60K | $82K | $251K | $560K | $52K | $24K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $20.22M | $46.45M | $18.51M | $3.71M | $10.47M | $10.95M | $1.8M | $777K | $266K | $286K | $580K | $108K | $123K | $125K | $128K | $181K | $443K | $762K | $56K | $38K |
| Liabilities | ||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||
| Accounts Payable | $2.03M | $5.71M | $2.33M | $1.35M | $443K | $329K | $372K | $572K | $961K | $975K | $1.03M | $1.22M | $1.15M | $1.06M | $950K | $628K | $684K | $227K | $10K | $0 |
| Short-Term Debt | $1.27M | $6.34M | $1.51M | $763K | $0 | $694K | $21K | $396K | $211K | $221K | $221K | $541K | $475K | $475K | $487K | $450K | $209K | $50K | $49K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $722K | $602K | $409K | $120K | $6K | $714K | $714K | $19K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $2.17M | $2.53M | $1.07M | $946K | $582K | $527K | $0 | $0 | $0 | $0 | $0 | $2.7M | $2.31M | $1.96M | $1.62M | $522K | $2.63M | $615K | $4K | $0 |
| Total Current Liabilities | $10.33M | $17.93M | $8M | $3.34M | $1.25M | $2.29M | $1.5M | $3.5M | $5.13M | $4.77M | $4.34M | $4.47M | $3.94M | $3.5M | $3.05M | $2.66M | $3.52M | $892K | $63K | $250 |
| Long-Term Liabilities | ||||||||||||||||||||
| Long-Term Debt | $745K | $1.13M | $1.25M | $0 | $0 | $0 | $355K | $0 | $132K | $132K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $96K | $94K | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $2.86M | $3.57M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $2K | $1K | $469 | $433 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $748K | $12.46M | $5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $2.66M | $15.78M | $9.61M | $1.35M | $1.9M | $2.92M | $4.01M | $0 | $132K | $132K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $96K | $94K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $13M | $33.7M | $17.61M | $4.69M | $3.16M | $5.2M | $5.51M | $3.5M | $5.26M | $4.9M | $4.34M | $4.47M | $3.94M | $3.5M | $3.05M | $2.66M | $3.52M | $988K | $157K | $250 |
| Stockholders' Equity | ||||||||||||||||||||
| Preferred Stock | $2.41M | $30.38M | $6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $239 | $37 | $249 | $61 | $1K | $964 | $16K | $15K | $14K | $14K | $14K | $12K | $11K | $9K | $8K | $7K | $6K | $5K | $70 | $903 |
| Retained Earnings | -$91.37M | -$67.16M | -$57.82M | -$49.78M | -$38.89M | -$32.24M | -$23.89M | -$21.72M | -$18.65M | -$17.94M | -$15.82M | -$10.86M | -$9.13M | -$8.37M | -$7.7M | -$6.9M | -$6.75M | -$2.09M | -$214K | -$8K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $98.59M | $79.91M | $58.71M | $48.81M | $46.2M | $37.98M | $20.16M | $18.98M | $13.64M | $13.31M | $12.05M | $6.49M | $5.3M | $4.98M | $4.77M | $4.41M | $3.66M | $1.86M | $113K | $45K |
| Total Equity | $7.22M | $12.75M | $893K | -$978K | $7.31M | $5.74M | -$3.71M | -$2.72M | -$4.99M | -$4.62M | -$3.76M | -$4.36M | -$3.81M | -$3.37M | -$2.93M | -$2.48M | -$3.08M | -$227K | -$101K | $38K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $20.22M | $46.45M | $18.51M | $3.71M | $10.47M | $10.95M | $1.8M | $777K | $266K | $286K | $580K | $108K | $123K | $125K | $128K | $181K | $443K | $762K | $56K | $38K |
| Supplementary Data | ||||||||||||||||||||
| Total Debt | $3.4M | $9.9M | $6.3M | $2.27M | $2.12M | $775K | $457K | $396K | $343K | $353K | $221K | $541K | $475K | $475K | $487K | $450K | $209K | $146K | $143K | $0 |
| Net Debt | $1.32M | $9.15M | $6.07M | $2.18M | -$3.56M | -$9.32M | -$781K | $183K | $317K | $200K | -$271K | $522K | $457K | $468K | $487K | $437K | $130K | $131K | $143K | -$14K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | ||||||||||||||||||||
| Net Income | -$23.32M | -$9.1M | -$8.03M | -$10.89M | -$6.65M | -$8.35M | -$2.17M | -$3.08M | -$702K | -$2.12M | -$4.96M | -$1.73M | -$761K | -$666K | -$797K | -$153K | -$4.66M | -$1.87M | -$214K | -$7K |
| Depreciation & Amortization | $677K | $920K | $201K | $77K | $166K | $34K | $25K | $5K | $3K | $2K | $6K | $11K | $12K | $12K | $21K | $14K | $14K | $8K | $6K | $6K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $433 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $1.47M | $1.59M | $0 | $2.22M | $2.71M | $1.76M | $134K | $2.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $506K | $665K | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||
| Accounts Receivable | -$104K | -$34K | -$63K | -$27K | -$29K | -$14K | $218K | -$139K | -$84K | -$1K | -$1K | $1K | $11K | -$7K | $10K | -$5K | -$874 | -$42K | $0 | $0 |
| Inventory | -$5K | $45K | -$905 | $24K | -$22K | -$164K | -$58K | $15K | $26K | -$20K | -$3K | $3K | -$12K | $6K | $10K | -$6K | $8K | -$71K | $0 | $0 |
| Accounts Payable | -$1.32M | $1.35M | $925K | $904K | $114K | -$43K | -$200K | -$378K | -$5K | $83K | -$6K | $0 | $0 | $0 | $0 | -$56K | $457K | $216K | $10K | $0 |
| Other Working Capital | -$247K | $502K | -$389K | $580K | -$3.67M | -$625K | $2.99M | $461K | $325K | $473K | $389K | $530K | $482K | $499K | $561K | $721K | $144K | $479K | -$12K | $250 |
| Total Working Capital Change | -$1.68M | $1.86M | $472K | $1.48M | -$3.61M | -$846K | $2.95M | -$41K | $262K | $535K | $379K | $534K | $481K | $498K | $581K | $654K | $608K | $583K | -$1K | $250 |
| Other Non-Cash Items | $15.84M | $1.75M | $2.61M | $505K | $1.36M | $2.63M | $431K | $366K | $256K | $1.26M | $4.42M | $1.17M | $209K | $114K | $77K | -$1.34M | $2.45M | $216K | $93K | $125 |
| Net Cash from Operating | -$7.01M | -$2.97M | -$4.76M | -$6.6M | -$6.03M | -$4.78M | $1.37M | -$653K | -$181K | -$324K | -$152K | -$19K | -$60K | -$43K | -$118K | -$316K | -$927K | -$1.07M | -$116K | -$1K |
| Investing Activities | ||||||||||||||||||||
| Capital Expenditures | -$43K | -$184K | -$445K | -$11K | -$416K | -$49K | -$115K | -$19K | $0 | -$16K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$74K | -$47K | $0 |
| Acquisitions | -$2.7M | $472K | -$2.04M | -$68K | -$1.7M | -$98K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$8K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 |
| Other Investing Activities | $0 | $76K | $0 | -$2K | -$39K | -$40K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$2.75M | $364K | -$2.49M | -$81K | -$2.15M | -$187K | -$115K | -$19K | $0 | -$16K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$74K | -$47K | $0 |
| Financing Activities | ||||||||||||||||||||
| Debt Repaid | $1.22M | -$410K | -$1.66M | -$800K | $250K | -$2.19M | $229K | -$782K | - | - | - | - | - | - | -$103K | - | - | -$74K | -$94K | - |
| Common Stock Issuance | $13.47M | $165K | $5.73M | $290K | $3.65M | $11.48M | $0 | $77K | $55K | $0 | $645K | $20K | $71K | $50K | $10K | $274K | $395K | $1.08M | $20K | $15K |
| Common Stock Repurchases | -$4M | $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 |
| Other Financing Activities | $4M | $901K | $0 | $0 | $370K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $11.1M | $3.12M | $7.39M | $1.09M | $3.77M | $13.82M | -$229K | $859K | $55K | $0 | $625K | $20K | $71K | $50K | $106K | $249K | $990K | $1.16M | $163K | $15K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $1.34M | $509K | $142K | -$5.59M | -$4.41M | $8.86M | $0 | $0 | $0 | $0 | $0 | $599 | $11K | $7K | -$12K | $0 | $0 | $0 | $0 | $14K |
| Supplementary Data | ||||||||||||||||||||
| Operating Cash Flow | -$7.01M | -$2.97M | -$4.76M | -$6.6M | -$6.03M | -$4.78M | $1.37M | -$653K | -$181K | -$324K | -$152K | -$19K | -$60K | -$43K | -$118K | -$316K | -$927K | -$1.07M | -$116K | -$1K |
| Capital Expenditure | -$43K | -$184K | -$445K | -$13K | -$455K | -$89K | -$65K | -$19K | $0 | -$16K | $2 | $0 | $0 | $0 | $0 | $2 | $4 | -$43K | $0 | $0 |
| Free Cash Flow | -$7.06M | -$3.16M | -$5.2M | -$6.62M | -$6.48M | -$4.86M | $1.31M | -$672K | -$181K | -$340K | -$152K | -$19K | -$60K | -$43K | -$118K | -$316K | -$927K | -$1.11M | -$116K | -$1K |
| Cash at Beginning | $741K | $232K | $90K | $5.68M | $10.1M | $1.24M | $212K | $26K | $152K | $492K | $13K | $18K | $7K | $403 | $13K | $79K | $16K | $0 | $14K | $0 |
| Cash at End | $2.08M | $741K | $232K | $90K | $5.68M | $10.1M | $1.24M | $212K | $26K | $152K | $492K | $19K | $18K | $7K | $403 | $13K | $79K | $16K | $0 | $14K |