Satellos Bioscience Inc. (MSLE)
Satellos Bioscience Inc., a biotechnology company, develops medicines to treat degenerative muscle diseases primarily in Canada and Australia. The company uses its proprietary platform MyoReGenX, an automated microscopy system that recapitulates the muscle stem cell environment ex-vivo. It develops SAT-3247 an oral, small-molecule drug candidate for the treatment of Duchenne muscular dystrophy disease. The company has a license agreement the with Ottawa Hospital Research Institute (OHRI); and an option agreement with the University of British Columbia. Satellos Bioscience Inc. was founded in 2018 and is headquartered in Toronto, Canada.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
Satellos Bioscience Inc. Common Stock
NASDAQ:MSLEHealthcare · Biotechnology
-1.69%$6.70
Mkt Cap$142.15M
Float18.81M
O/S21.22M
Vol
$ Vol
RVOL
Inst Own36.2%
SI0.5%
Earnings
Dilution
Financials Summary
Revenue$0
Net Income-$24.87M
Total Assets$31.89M
Free Cash Flow-$23.6M
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$27.78M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
2-year cumulative
1:144
Nasdaq bars a compliance period at 1:250
- 1:12Reverse splitJan 30, 202612 shares → 1
- 1:12Reverse splitJan 30, 202612 shares → 1
Balance Sheet Details
Assets$31.89M
Liabilities$4.11M
Accounts Receivable$370K
Accounts Payable$1.77M
Inventory$0
PP&E (Net)$5K
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD |
| 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 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $101K | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $5K | $20K | $5K | $3.73M | $167K | $893K | $3K | $2K | $24K | $28K | $22K | $47K | $83K | $88K | $109K | $0 | $472K | $0 | $0 |
| Gross Profit | -$5K | -$20K | -$5K | -$3.73M | -$167K | -$893K | -$3K | -$2K | -$24K | -$28K | -$22K | -$47K | -$83K | -$88K | -$109K | $0 | -$472K | $0 | $0 |
| Gross Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research and Development | $18.43M | $13.66M | $6.65M | $3.73M | $2M | $893K | $942K | $1.42M | $799K | $569K | $626K | $594K | $3.79M | $2.21M | $1.03M | $1.67M | $1.13M | $1.24M | $3.7M |
| Selling, General, and Administrative | $7.44M | $5.16M | $4.57M | $4.69M | $2.62M | $988K | $1.32M | $777K | $673K | $644K | $1.56M | $1.52M | $1.96M | $1.38M | $1.33M | $1.44M | $190K | $1.03M | $541K |
| Other | $595K | $555K | $442K | -$3.73M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $483K | $0 | $797K |
| Total Operating Expenses | $26.46M | $19.38M | $11.66M | $4.69M | $4.63M | $1.88M | $2.26M | $2.19M | $1.47M | $1.21M | $2.18M | $2.11M | $5.74M | $3.58M | $2.36M | $3.11M | $1.81M | $2.27M | $5.04M |
| Operating Income (EBIT) | -$26.46M | -$19.38M | -$11.66M | -$8.43M | -$6.65M | -$2.77M | -$2.27M | -$2.19M | -$1.49M | -$1.24M | -$2.21M | -$2.16M | -$5.83M | -$3.67M | -$2.47M | -$3.12M | -$2.28M | -$2.37M | -$5.15M |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -3106.3% | - | - | - |
| Interest Expense | $0 | $0 | $133K | $0 | $773K | $499 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $1.36M | $955K | $1M | $63K | $6K | $0 | $0 | $416 | $7K | $17K | $41K | $34K | $16K | $8K | $14K | $27K | $6K | $27K | $40K |
| Other Income (Expense) | $1.76M | -$203K | -$321K | -$2.89M | -$8.86M | $1.19M | $3K | $498K | $239K | -$261K | $416K | $240K | $445K | $19K | $1.44M | $2K | -$31K | -$27K | -$15K |
| Income Before Tax (EBT) | -$24.7M | -$19.58M | -$11.98M | -$11.32M | -$15.51M | -$1.58M | -$2.26M | -$1.7M | -$1.26M | -$1.5M | -$1.79M | -$1.92M | -$5.38M | -$3.65M | -$1.03M | -$3.12M | -$2.31M | -$2.4M | -$5.17M |
| Income Tax Expense | $172K | $0 | $0 | $5K | $0 | $0 | -$272K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$24.87M | -$19.58M | -$11.98M | -$11.32M | -$15.51M | -$1.58M | -$1.99M | -$1.7M | -$1.26M | -$1.5M | -$1.79M | -$1.92M | -$5.38M | -$3.65M | -$1.03M | -$3.12M | -$2.31M | -$2.4M | -$5.17M |
| Net Income Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -3104.7% | - | - | - |
| Supplementary Data | |||||||||||||||||||
| EPS | -20.40 | -2.16 | -1.63 | -3.81 | -6.02 | -1.07 | -3.90 | -4.82 | -2.44 | -4.84 | -4.79 | -4.58 | -20.51 | -16.84 | -4.79 | -19.30 | -19.21 | -29.39 | -274.41 |
| Diluted EPS | -20.40 | -2.16 | -1.63 | -3.81 | -6.02 | -1.07 | -3.90 | -4.82 | -2.44 | -4.84 | -4.79 | -4.58 | -20.51 | -16.84 | -4.79 | -19.30 | -19.21 | -29.39 | -274.41 |
| Weighted Average OS | 1.22M | 9.56M | 7.20M | 2.97M | 2.01M | 1.48M | 510,058 | 351,907 | 351,907 | 351,907 | 351,907 | 351,907 | 256,185 | 206,248 | 174,826 | 170,232 | 123,093 | 83,654 | 18,920 |
| EBITDA | -$26.45M | -$19.56M | -$11.84M | -$8.11M | -$4.73M | -$1.61M | -$2.26M | -$2.19M | -$1.47M | -$1.21M | -$2.18M | -$2.11M | -$5.74M | -$3.58M | -$2.36M | -$3.01M | -$2.16M | -$2.27M | -$5.04M |
| EBITDA Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2995.7% | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD |
| 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 |
| Assets | |||||||||||||||||||
| Current Assets | |||||||||||||||||||
| Cash and Cash Equivalents | $9.8M | $40.18M | $22.07M | $1.9M | $3.82M | $709K | $1.02M | $10K | $1.14M | $2.38M | $2.72M | $3.53M | $1.05M | $601K | $255K | $636K | $1.39M | $543K | $1.88M |
| Short-Term Investments | $17.91M | $8.5M | $17.52M | $0 | $0 | $10K | $0 | $0 | $0 | $0 | $1.02M | $1.93M | $758K | $662K | $1.07M | $1.42M | $2.51M | $0 | $42K |
| Cash and Short-Term Investments | $27.71M | $48.67M | $39.59M | $1.9M | $3.82M | $719K | $1.02M | $10K | $1.14M | $2.38M | $3.74M | $5.46M | $1.81M | $1.26M | $1.32M | $2.05M | $3.9M | $543K | $1.92M |
| Accounts Receivable | $370K | $436K | $0 | $257K | $414K | $410K | $425K | $129K | $90K | $37K | $24K | $37K | $122K | $25K | $26K | $46K | $35K | $38K | $443K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $587K | $3K | -$0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $21K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $31.88M | $50.87M | $40.32M | $2.21M | $4.27M | $1.13M | $1.5M | $174K | $1.39M | $2.44M | $3.79M | $5.52M | $1.96M | $1.32M | $1.4M | $2.13M | $3.96M | $592K | $2.38M |
| Long-Term Assets | |||||||||||||||||||
| Property, Plant & Equipment Net | $5K | $3K | $19K | $9K | $6K | $2K | $6K | $3K | $2K | $3K | $6K | $5K | $6K | $8K | $8K | $12K | $17K | $21K | $15K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $3.92M | $3.88M | $5.6M | $0 | $0 | $0 | $0 | $22K | $43K | $61K | $141K | $234K | $318K | $555K | $659K | $669K | $868K |
| Long-Term Investments | $0 | $0 | $41K | $42K | $0 | $0 | $0 | $0 | $0 | $3K | $44K | $1.18M | $1.62M | $1.44M | $1.22M | $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 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23K | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $5K | $3K | $3.98M | $3.93M | $5.6M | $2K | $6K | $3K | $2K | $28K | $92K | $1.25M | $1.77M | $1.7M | $1.54M | $567K | $676K | $690K | $883K |
| Other Assets | $0 | $0 | $0 | -$988 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $31.89M | $50.88M | $44.3M | $6.14M | $9.87M | $1.13M | $1.51M | $178K | $1.4M | $2.47M | $3.89M | $6.77M | $3.73M | $3.02M | $2.94M | $2.69M | $4.63M | $1.28M | $3.27M |
| Liabilities | |||||||||||||||||||
| Current Liabilities | |||||||||||||||||||
| Accounts Payable | $1.77M | $2.07M | $1.04M | $1.45M | $885K | $0 | $0 | $0 | $0 | $0 | $0 | $1.44M | $260K | $119K | $71K | $86K | $323K | $387K | $781K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $72K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | -$0 | $220K | $830K | $800K | $293K | $139K | $115K | $66K | $2.24M | $847K | $184K | $208K | $0 | $0 | $0 |
| Total Current Liabilities | $4.11M | $3.59M | $3.62M | $2.8M | $1.65M | $220K | $830K | $800K | $293K | $139K | $115K | $1.51M | $2.5M | $966K | $255K | $293K | $323K | $387K | $781K |
| Long-Term Liabilities | |||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $1.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $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 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $1.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.11M | $3.59M | $3.62M | $2.8M | $1.65M | $1.32M | $830K | $800K | $293K | $139K | $115K | $1.51M | $2.5M | $966K | $255K | $293K | $323K | $387K | $781K |
| Stockholders' Equity | |||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $85.83M | $73.67M | $61.92M | $29.91M | $22.21M | $4.36M | $30.58M | $27.96M | $28.46M | $28.25M | $27.98M | $26.81M | $22.63M | $20.02M | $17.55M | $16.89M | $15.75M | $9.33M | $9.52M |
| Retained Earnings | -$81.97M | -$52.68M | -$47.5M | -$31.3M | -$15.91M | -$4.8M | -$37.99M | -$34.93M | -$33.83M | -$32.34M | -$30.54M | -$27.55M | -$25.46M | -$21.19M | -$17.46M | -$16.56M | -$13.37M | -$9.67M | -$8.28M |
| Comprehensive Income & Other | -$1.72M | -$151K | $17.76M | -$7K | -$1K | $1.44M | $1.47M | $2.08M | $2.9M | $2.87M | $2.85M | $2.66M | $1.06M | $812K | $373K | $81K | $335K | $0 | $785K |
| Other Stockholders' Equity | $23.93M | $26.29M | $26.26M | $4.73M | $1.93M | $247K | $8.09M | $6.35M | $6.47M | $6.42M | $6.33M | $6M | $4.06M | $3.22M | $2.6M | $2.07M | $1.94M | $1.23M | $1.24M |
| Total Equity | $27.78M | $47.28M | $40.67M | $3.34M | $8.22M | -$184K | $679K | -$623K | $1.1M | $2.33M | $3.77M | $5.26M | $1.23M | $2.05M | $2.69M | $2.4M | $4.31M | $895K | $2.49M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $31.89M | $50.88M | $44.3M | $6.14M | $9.87M | $1.13M | $1.51M | $178K | $1.4M | $2.47M | $3.89M | $6.77M | $3.73M | $3.02M | $2.94M | $2.69M | $4.63M | $1.28M | $3.27M |
| Supplementary Data | |||||||||||||||||||
| Total Debt | $0 | $0 | $0 | $0 | $0 | $1.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$9.8M | -$40.18M | -$22.07M | -$1.9M | -$3.82M | $387K | -$1.02M | -$10K | -$1.14M | -$2.38M | -$2.72M | -$3.53M | -$1.05M | -$601K | -$255K | -$636K | -$1.39M | -$543K | -$1.88M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD |
| 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 | 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 |
| Operating Activities | ||||||||||||||||||
| Net Income | -$24.87M | -$19.58M | -$15.89M | -$8.34M | -$12.16M | -$1.58M | -$1.99M | -$1.7M | -$1.5M | -$1.79M | -$1.92M | -$5.38M | -$3.65M | -$1.03M | -$3.12M | -$2.31M | -$2.4M | -$5.17M |
| Depreciation & Amortization | $4K | $14K | $5K | $320K | $162K | $422 | $3K | $2K | $28K | $22K | $47K | $83K | $88K | $109K | $111K | $117K | $101K | $114K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $3.23M | $1.47M | $1.64M | $1.06M | $762K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||
| Accounts Receivable | $65K | -$30K | -$243K | $197K | -$53K | $256K | -$292K | -$41K | -$13K | $15K | $86K | -$98K | $1K | $20K | -$11K | $8K | $351K | -$426K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | -$446K | $0 | $0 | $0 | $0 | -$1.06M | $1.48M | $699K | -$36K | -$31K | -$120K | -$298K | $46K |
| Other Working Capital | -$1.54M | -$684K | $522K | $533K | -$328K | $7K | -$19K | $635K | $22K | -$1.26M | $8K | $16K | -$7K | -$25K | $1K | -$9K | $3K | $20K |
| Total Working Capital Change | -$1.48M | -$714K | $278K | $730K | -$381K | -$183K | -$311K | $594K | $9K | -$1.25M | -$969K | $1.4M | $693K | -$42K | -$41K | -$121K | $56K | -$360K |
| Other Non-Cash Items | -$484K | $1.4M | -$446K | $568K | $7.67M | $101K | $0 | $988 | $122K | -$74K | $135K | $326K | $103K | -$969K | $367K | $190K | $157K | $1.51M |
| Net Cash from Operating | -$23.6M | -$17.4M | -$14.42M | -$5.66M | -$3.95M | -$1.66M | -$2.3M | -$1.1M | -$1.34M | -$3.09M | -$2.71M | -$3.57M | -$2.77M | -$1.93M | -$2.68M | -$2.12M | -$2.08M | -$3.9M |
| Investing Activities | ||||||||||||||||||
| Capital Expenditures | -$6K | -$4K | -$14K | -$2K | -$6K | $0 | -$6K | -$3K | -$4K | -$2K | $0 | $0 | -$3K | -$2K | -$7K | -$3K | -$16K | -$11K |
| Acquisitions | $0 | $0 | $0 | $0 | $1.37M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$23.37M | -$26.01M | -$13.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.16M | -$131K | $0 | $0 | $0 | -$2.51M | $0 | -$945K |
| Sales of Investments | $13.96M | $30.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.99M | $313K | $0 | $411K | $337K | $1.11M | $0 | $37K | $1.54M |
| Other Investing Activities | $0 | $0 | -$4.32M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $179K | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$9.42M | $4.42M | -$17.54M | -$2K | $1.36M | $0 | -$6K | -$3K | -$4K | $1.99M | -$850K | -$131K | $408K | $514K | $1.1M | -$2.52M | $21K | $585K |
| Financing Activities | ||||||||||||||||||
| Debt Repaid | - | - | $284K | - | -$146K | -$1.09M | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $2.24M | $29.82M | $24.47M | $2.04M | $5.55M | $893K | $3.31M | $0 | $0 | $0 | $5.99M | $4.2M | $2.7M | $1.04M | $826K | $5.41M | $954K | $4.24M |
| Common Stock Repurchases | $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 |
| Other Financing Activities | $0 | $7.44M | $26.77M | $703K | $145K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $2.24M | $37.27M | $50.95M | $2.75M | $5.84M | $1.98M | $3.31M | $0 | $0 | $0 | $5.99M | $4.2M | $2.7M | $1.04M | $826K | $5.41M | $954K | $4.24M |
| Forex Effect | $503K | $518K | $2.28M | $1.75M | -$1K | -$585K | $7K | -$111K | $1.07M | -$603K | -$54K | -$60K | $8K | -$16K | $73K | $94K | -$414K | $958K |
| Net Change in Cash | -$30.27M | $24.8M | $21.27M | -$1.17M | $3.26M | -$266K | $1.01M | -$1.22M | -$274K | -$1.7M | $2.38M | $441K | $350K | -$392K | -$684K | $859K | -$1.52M | $1.88M |
| Supplementary Data | ||||||||||||||||||
| Operating Cash Flow | -$23.6M | -$17.4M | -$14.42M | -$4.26M | -$3.95M | -$1.66M | -$2.3M | -$1.1M | -$1.34M | -$3.09M | -$2.71M | -$3.57M | -$2.77M | -$1.93M | -$2.68M | -$2.12M | -$2.08M | -$3.9M |
| Capital Expenditure | -$6K | -$4K | -$18K | -$2K | -$6K | $0 | -$6K | -$3K | -$4K | -$2K | $0 | $3 | -$3K | -$2K | -$7K | -$3K | -$16K | -$11K |
| Free Cash Flow | -$23.6M | -$17.41M | -$14.44M | -$4.26M | -$3.95M | -$1.66M | -$2.3M | -$1.1M | -$1.35M | -$3.09M | -$2.71M | -$3.57M | -$2.77M | -$1.93M | -$2.69M | -$2.13M | -$2.1M | -$3.91M |
| Cash at Beginning | $40.07M | $15.38M | $1.92M | $4.87M | $563K | $975K | $10K | $1.23M | $2.65M | $4.42M | $1.15M | $607K | $250K | $647K | $1.32M | $527K | $2.07M | $0 |
| Cash at End | $9.8M | $40.18M | $22.07M | $1.92M | $3.82M | $709K | $1.02M | $10K | $2.38M | $2.72M | $3.53M | $1.05M | $601K | $255K | $636K | $1.39M | $543K | $1.88M |