SELLAS Life Sciences Group, Inc. (SLS)
SELLAS Life Sciences Group, Inc., a late-stage clinical biopharmaceutical company, focuses on the development of novel therapeutics for various cancer indications in the United States. The company's lead product candidate is galinpepimut-S (GPS), a peptide immunotherapy directed against the Wilms tumor 1, antigen; and SLS009 (tambiciclib), a selective small molecule cyclin-dependent kinase 9, or CDK9, inhibitor. It has a strategic collaboration with Merck & Co., Inc. to evaluate GPS as it is administered in combination with PD1 blocker pembrolizumab in a Phase 1/2 clinical trial enrolling patients in up to five cancer indications, including hematologic malignancies and solid tumors; GenFleet Therapeutics (Shanghai), Inc. for the development and commercialization of GFH009; and Memorial Sloan Kettering Cancer Center for developing and commercializing MSK's WT1 peptide vaccine technology. SELLAS Life Sciences Group, Inc. is headquartered in New York, New York.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
SELLAS Life Sciences Group, Inc.
NASDAQ:SLSHealthcare · Biotechnology
-4.68%$9.68
AH$9.67-0.11%vs close
Mkt Cap$1.95B
Float199.3M
O/S201.95M
Vol
$ Vol
RVOL
Inst Own36.5%
Earnings
Dilution
Financials Summary
Revenue$0
Net Income-$26.86M
Total Assets$78.34M
Free Cash Flow-$28.39M
Debt & Equity
Debt 1%
Equity 99%
Total Debt$1M
Total Equity$70.87M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
- 1:50Reverse splitNov 8, 201950 shares → 1
- 1:20Reverse splitNov 14, 201620 shares → 1
Balance Sheet Details
Assets$78.34M
Liabilities$7.47M
Accounts Receivable$0
Accounts Payable$2.95M
Inventory$0
PP&E (Net)$963K
Goodwill$1.91M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $0 | $0 | $0 | $1M | $7.6M | $1.9M | $0 | $0 | $0 | $0 | $0 | $9.32M | $2.49M | $2.04M | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | -86.8% | 300.0% | - | - | - | - | - | - | 274.7% | 22.0% | - | - | - | - | - | - | - |
| Cost of Revenue | $0 | $0 | $0 | $100K | $200K | $0 | $0 | $0 | $0 | $3K | $355K | $1.4M | $520K | $49K | $163K | $0 | $0 | $0 | $11.41M | $0 |
| Gross Profit | $0 | $0 | $0 | $900K | $7.4M | $1.9M | $0 | $0 | $0 | -$3K | -$355K | $7.92M | $1.97M | -$49K | -$20.79M | $0 | $0 | $0 | -$11.41M | $0 |
| Gross Margin | - | - | - | 90.0% | 97.4% | 100.0% | - | - | - | - | - | 84.9% | 79.1% | -2.4% | - | - | - | - | - | - |
| Research and Development | $16.02M | $19.1M | $24.01M | $30.27M | $21.37M | $9.28M | $10.12M | $18.32M | $6.07M | $19.86M | $23.61M | $28.35M | $21.08M | $14.61M | $11.54M | $7.87M | $8.89M | $7.05M | $6.75M | $1.3M |
| Selling, General, and Administrative | $12.25M | $12.42M | $13.86M | $12.58M | $11.32M | $9.6M | $9.92M | $12.77M | $15.09M | $12.01M | $10.25M | $31.34M | $14.6M | $6.58M | $9.25M | $8.75M | $8.63M | $4.87M | $4.67M | $633K |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.03M | $0 | $0 | $0 | $170K | $37K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $28.27M | $31.51M | $37.87M | $42.85M | $32.69M | $18.88M | $20.04M | $31.59M | $21.16M | $31.87M | $33.87M | $60.14M | $35.81M | $21.2M | $20.79M | $16.45M | $17.52M | $14.55M | $11.41M | $2.4M |
| Operating Income (EBIT) | -$28.27M | -$31.51M | -$37.87M | -$41.95M | -$25.29M | -$16.98M | -$20.04M | -$31.59M | -$15.71M | -$15.99M | -$34.22M | -$36.61M | -$33.84M | -$21.2M | -$20.79M | -$16.63M | -$17.52M | -$14.55M | -$11.41M | -$2.4M |
| Operating Margin | - | - | - | -4195.0% | -332.8% | -893.8% | - | - | - | - | - | -392.8% | -1360.7% | -1040.2% | - | - | - | - | - | - |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $118K | $266K | $462K | $3.51M | $760K | $1.11M | $807K | $33K | $0 | $5K | -$5K | $0 | $0 | $0 |
| Interest Income | $1.41M | $632K | $525K | $317K | $6K | $26K | $118K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $180K | $448K | $0 |
| Other Income (Expense) | $1.41M | $632K | $529K | $649K | $4.36M | $208K | $668K | $2.54M | -$7.79M | $5.13M | -$4.37M | $13.62M | -$41.79M | -$13.18M | $9.3M | $4.63M | -$867K | $180K | $448K | $0 |
| Income Before Tax (EBT) | -$26.86M | -$30.88M | -$37.34M | -$41.3M | -$20.94M | -$16.77M | -$19.37M | -$29.05M | -$23.5M | -$17.68M | -$38.59M | -$36.61M | -$75.63M | -$34.38M | -$11.48M | -$11.99M | -$18.39M | -$14.37M | -$10.96M | -$2.4M |
| Income Tax Expense | $0 | $0 | $0 | $0 | -$237K | -$17K | -$81K | -$1.38M | $253K | $243K | $365K | -$15.45M | $1.05M | -$1.05M | $0 | $0 | $0 | $0 | $25K | $0 |
| Net Income | -$26.86M | -$30.88M | -$37.34M | -$41.3M | -$20.7M | -$16.76M | -$19.29M | -$27.67M | -$23.75M | -$23.55M | -$63.9M | -$36.61M | -$76.68M | -$34.97M | -$11.48M | -$11.99M | -$18.39M | -$14.37M | -$10.99M | -$2.4M |
| Net Income Margin | - | - | - | -4130.1% | -272.4% | -881.9% | - | - | - | - | - | -392.8% | -3083.2% | -1715.8% | - | - | - | - | - | - |
| Supplementary Data | ||||||||||||||||||||
| EPS | -0.25 | -0.50 | -1.34 | -2.13 | -1.34 | -2.11 | -10.92 | -157.72 | -521.91 | -933.13 | -411.55 | -1022.20 | -25500.26 | -1866.21 | -1053.77 | -2177.38 | -3783.33 | -3486.90 | -2893.63 | -636.24 |
| Diluted EPS | -0.25 | -0.50 | -1.34 | -2.13 | -1.34 | -2.11 | -10.92 | -157.72 | -521.91 | -933.13 | -411.55 | -1022.20 | -25500.26 | -1866.21 | -1053.77 | -2177.38 | -3783.33 | -3486.90 | -2893.63 | -636.24 |
| Weighted Average OS | 109.05M | 61.20M | 27.78M | 19.39M | 15.48M | 7.94M | 1.77M | 175,000 | 45,000 | 18,000 | 20,000 | 35,811 | 27,054 | 18,738 | 10,899 | 5,508 | 4,860 | 4,122 | 3,798 | 3,780 |
| EBITDA | -$26.86M | $632K | $529K | -$31.49M | -$18.32M | -$16.49M | $0 | -$6.74M | -$22.78M | -$15.98M | -$37.48M | -$34.61M | $7.63M | -$34.38M | -$11.32M | -$11.82M | -$18.22M | -$14.24M | -$10.93M | -$2.4M |
| EBITDA Margin | - | - | - | -3149.3% | -241.1% | -868.0% | - | - | - | - | - | -371.4% | 306.7% | -1686.8% | - | - | - | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $71.89M | $13.89M | $2.53M | $17.13M | $21.45M | $35.3M | $7.28M | $5.34M | $2.32M | $18.08M | $29.73M | $23.65M | $47.79M | $32.81M | $11.43M | $6.89M | $5.68M | $9.86M | $1.76M | $2K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.68M | $0 | $0 | $0 | $0 | $9.95M | $0 |
| Cash and Short-Term Investments | $71.89M | $13.89M | $2.53M | $17.13M | $21.45M | $35.3M | $7.28M | $5.34M | $2.32M | $18.08M | $29.73M | $23.65M | $47.79M | $35.48M | $11.43M | $6.89M | $5.68M | $9.86M | $11.71M | $2K |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $1.13M | $308K | $0 | $0 | $0 | $0 | $1.84M | $3.68M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$19.51M | $655K | $386K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $223K | $100K | $100K | $330K | $27K | $130K | $184K | $291K | $10.43M | $85K | $22.49M | $1.64M | $200K | $101K | $101K | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $75.21M | $16.33M | $3.17M | $17.76M | $23.04M | $36.92M | $8.24M | $5.84M | $13.09M | $37.5M | $53.62M | $29.02M | $53.45M | $36.12M | $11.81M | $7.04M | $5.8M | $9.93M | $11.74M | $2K |
| Long-Term Assets | ||||||||||||||||||||
| Property, Plant & Equipment Net | $963K | $925K | $858K | $874K | $723K | $896K | $217K | $0 | $0 | $199K | $335K | $555K | $665K | $29K | $393K | $419K | $432K | $414K | $344K | $0 |
| Goodwill | $1.91M | $1.91M | $1.91M | $1.91M | $1.91M | $1.91M | $1.91M | $1.91M | $1.91M | $5.9M | $5.9M | $6.07M | $5.9M | $5.9M | $5.9M | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $5.7M | $5.7M | $8.5M | $17.6M | $22.12M | $22.12M | $44.75M | $27.84M | $12.86M | $12.86M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | -$184K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $74K | $3K | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $184K | $152K | $0 | $0 | $1.43M | $0 | $0 | $0 | $0 | $0 | -$74K | -$13.26M | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $257K | $466K | $275K | $399K | $594K | $614K | $536K | -$765K | $925K | $96K | $171K | $87K | $115K | $74K | $13.26M | $16K | $16K | $16K | $66K | $0 |
| Total Long-Term Assets | $3.13M | $3.31M | $3.05M | $3.19M | $3.38M | $9.12M | $8.37M | $11.08M | $20.44M | $28.31M | $28.52M | $51.46M | $34.52M | $18.86M | $19.16M | $435K | $448K | $430K | $410K | $0 |
| Other Assets | $0 | -$200K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $78.34M | $19.43M | $6.22M | $20.94M | $26.43M | $46.05M | $16.61M | $16.91M | $33.53M | $65.81M | $82.14M | $80.49M | $87.98M | $54.99M | $30.97M | $7.48M | $6.25M | $10.36M | $12.15M | $2K |
| Liabilities | ||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||
| Accounts Payable | $2.95M | $3.5M | $5.64M | $3.36M | $2.14M | $4.66M | $3.9M | $3.75M | $11.69M | $0 | $1.6M | $2.27M | $2.66M | $1.98M | $2.15M | $724K | $625K | $394K | $55K | $0 |
| Short-Term Debt | $544K | $0 | $0 | $0 | $198K | $0 | $0 | $0 | $8.38M | $1.71M | $4.74M | $3.91M | $2.15M | $0 | $500K | $0 | $0 | $17K | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $426K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25K | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $5.6M | $0 | $0 | $4.31M | $5.24M | $30.29M | $15.67M | $8.67M | $935K | $816K | $1.11M | $1.08M | $974K | $0 | $0 |
| Other Current Liabilities | $1.77M | $1.82M | $1.53M | $5.5M | $1.65M | $1.01M | $606K | $8K | $1.49M | $2.01M | $24.2M | $18.85M | $55.63M | $11.18M | $6.31M | $2.4M | $3.06M | $428K | $232K | $0 |
| Total Current Liabilities | $7.02M | $9.51M | $13.73M | $15.52M | $4.98M | $12.34M | $5.29M | $5.97M | $24.57M | $30.4M | $57.07M | $27.23M | $62.45M | $15.92M | $11.2M | $5.03M | $5.47M | $1.39M | $1.32M | $0 |
| Long-Term Liabilities | ||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.61M | $5.66M | $0 | $4.49M | $7.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | -$184K | $0 | $0 | $0 | $0 | $1.31M | -$5.66M | -$10.93M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $184K | $152K | $239K | $262K | $357K | $1.67M | $5.66M | $5.42M | $5.05M | $5.05M | $5.05M | $5.05M | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $4K | $336K | $4.69M | $4.96M | $5.34M | $2.6M | -$5.66M | $6.14M | $6.65M | $6.82M | $6.21M | $4.57M | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $457K | $457K | $460K | $577K | $1.1M | $5.75M | $5.23M | $5.7M | $6.89M | $6.76M | $11.56M | $16.2M | $19.64M | $11.31M | $9.65M | $20K | $36K | $4K | $0 | $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 | $7.47M | $9.97M | $14.2M | $16.09M | $6.08M | $18.09M | $10.52M | $11.67M | $31.46M | $37.15M | $68.63M | $43.43M | $82.09M | $27.23M | $20.86M | $5.05M | $5.51M | $1.39M | $1.32M | $0 |
| Stockholders' Equity | ||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $15K | $7K | $3K | $2K | $2K | $1K | $1K | $2K | $1K | $15K | $15K | $12K | $10K | $8K | $5K | $2K | $2K | $1K | $1K | $0 |
| Retained Earnings | -$274.99M | -$248.13M | -$217.24M | -$179.9M | -$138.6M | -$117.9M | -$101.15M | -$81.86M | -$54.19M | -$302.93M | -$279.38M | -$215.48M | -$178.88M | -$102.2M | -$67.23M | -$55.74M | -$43.75M | -$25.36M | -$10.99M | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.63M | -$657K | -$491K | -$320K | -$158K | $0 | $0 |
| Other Stockholders' Equity | $345.84M | $257.58M | $209.26M | $184.75M | $158.95M | $145.86M | $107.24M | $87.1M | $56.25M | $331.57M | $292.88M | $252.53M | $184.75M | $129.94M | $77.33M | $58.17M | $44.49M | $34.33M | $21.81M | $2K |
| Total Equity | $70.87M | $9.46M | -$7.98M | $4.85M | $20.35M | $27.96M | $6.09M | $5.25M | $2.07M | $28.66M | $13.51M | $37.06M | $5.89M | $27.76M | $10.11M | $2.43M | $741K | $8.97M | $10.82M | $2K |
| 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 | $78.34M | $19.43M | $6.22M | $20.94M | $26.43M | $46.05M | $16.61M | $16.91M | $33.53M | $65.81M | $82.14M | $80.49M | $87.98M | $54.99M | $30.97M | $7.48M | $6.25M | $10.36M | $12.15M | $2K |
| Supplementary Data | ||||||||||||||||||||
| Total Debt | $1M | $1M | $906K | $945K | $808K | $991K | $217K | $0 | $10.99M | $16.4M | $4.74M | $8.4M | $9.92M | $57K | $567K | $71K | $88K | $21K | $0 | $0 |
| Net Debt | -$70.89M | -$12.88M | -$1.62M | -$16.18M | -$20.65M | -$34.31M | -$7.06M | -$5.34M | $8.67M | -$1.69M | -$24.99M | -$15.25M | -$37.86M | -$32.75M | -$10.87M | -$6.82M | -$5.6M | -$9.84M | -$1.76M | -$2K |
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 | -$26.86M | -$30.88M | -$37.34M | -$41.3M | -$20.7M | -$16.76M | -$19.29M | -$27.67M | -$23.75M | -$11.1M | -$38.96M | -$36.61M | -$76.68M | -$34.97M | -$11.48M | -$11.99M | -$18.39M | -$14.37M | -$10.99M | -$2.4M |
| Depreciation & Amortization | $0 | $31.51M | $37.87M | $457K | $1.27M | $282K | $17.21M | $22.04M | $258K | $3K | $355K | $889K | $452K | $49K | $163K | $172K | $162K | $131K | $36K | $0 |
| Deferred Income Tax | $0 | $0 | $0 | -$457K | -$239K | -$23K | -$95K | -$1.32M | $0 | $243K | $365K | -$16.36M | $1.05M | -$1.05M | $12.39M | $0 | $4K | $0 | $0 | $0 |
| Stock-Based Compensation | $1.96M | $1.56M | $1.39M | $1.73M | $1.01M | $578K | $573K | $395K | $3.17M | $2.26M | $1.93M | $5.39M | $2.53M | $1.39M | $3M | $4.37M | $4.2M | $3.82M | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $21.7M | $0 | $1.64M | -$3.68M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$269K | -$386K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$535K | -$2.14M | $2.3M | $1.21M | -$2.51M | -$836K | $12K | -$7.94M | $8.37M | -$757K | -$289K | -$389K | $684K | $641K | $500K | $99K | $231K | $339K | -$79K | $0 |
| Other Working Capital | -$3.54M | -$4.51M | $1.04M | $4.43M | -$5.1M | $6.43M | -$1.12M | -$2.07M | -$2.3M | -$24.16M | $20.16M | $3M | $5.89M | -$535K | $2.06M | $213K | $54K | -$344K | $753K | -$181K |
| Total Working Capital Change | -$4.08M | -$6.65M | $3.35M | $5.64M | -$7.62M | $5.59M | -$1.11M | -$10.01M | $6.07M | -$24.91M | $19.87M | $3.99M | $2.51M | $106K | $2.56M | $312K | $285K | -$5K | $674K | -$181K |
| Other Non-Cash Items | $597K | -$30.95M | -$36.67M | $10.13M | $248K | -$87K | -$14.93M | -$13.86M | $3.27M | -$11.41M | -$31.73M | -$170K | $41.23M | $13.51M | -$21.29M | -$3.12M | $1.97M | $994K | $4.23M | $474K |
| Net Cash from Operating | -$28.39M | -$35.4M | -$31.41M | -$23.81M | -$26.02M | -$10.42M | -$17.64M | -$30.42M | -$10.99M | -$44.91M | -$48.16M | -$42.87M | -$28.91M | -$20.96M | -$14.67M | -$10.26M | -$11.77M | -$9.43M | -$6.05M | -$2.11M |
| Investing Activities | ||||||||||||||||||||
| Capital Expenditures | $0 | $0 | -$5.5M | -$4.5M | $0 | $0 | $0 | $0 | $0 | -$6K | -$153K | -$5.53M | -$15.85M | $0 | -$53K | -$106K | -$83K | -$166K | -$229K | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.81M | $0 | $0 | $0 | $0 | -$87K | $168K | $106K | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5.99M | $0 | -$19.79M | -$11.76M | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.91M | $0 | $0 | $5.99M | $0 | $29.53M | $1.98M | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.05M | $10.55M | -$5.53M | -$99K | -$87K | -$101K | -$106K | $0 | $21K | -$16K | $0 |
| Net Cash from Investing | $0 | $0 | -$5.5M | -$4.5M | $0 | $0 | $0 | $0 | $1.81M | -$1.06M | $10.39M | -$5.53M | -$12.04M | -$87K | $14K | -$106K | -$83K | $9.6M | -$10.03M | $0 |
| Financing Activities | ||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | $7.6M | $473K | -$16.5M | $3.91M | $1.77M | -$9.87M | -$500K | -$416K | $70K | $34K | $22K | - | - |
| Common Stock Issuance | $86.82M | $46.16M | $22.23M | $23.99M | $9.01M | $29.6M | $15.97M | $21.56M | $6.01M | $33.63M | $47.73M | $10.97M | $37.7M | $36.47M | $18.63M | $15.23M | $7.71M | $7.92M | $15.83M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.85M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$487K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$527K | $594K | $90K | $85K | $3.07M | $8.84M | $3.6M | $0 | $0 | $0 | $31K | $15.06M | $8.36M | $5.45M | $150K | $254K | $0 | $26K | $2M | $2.11M |
| Net Cash from Financing | $86.3M | $46.76M | $22.32M | $24.08M | $12.07M | $38.44M | $19.57M | $23.12M | $5.53M | $34.32M | $43.84M | $24.26M | $55.92M | $42.42M | $19.2M | $11.57M | $7.68M | $7.92M | $17.83M | $2.11M |
| 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 | $57.91M | $11.36M | -$14.6M | -$4.23M | -$13.95M | $28.02M | $1.93M | -$7.3M | -$3.64M | -$11.65M | $6.08M | -$24.14M | $14.98M | $21.37M | $4.54M | $1.21M | -$4.17M | $8.09M | $1.76M | $0 |
| Supplementary Data | ||||||||||||||||||||
| Operating Cash Flow | -$28.39M | -$35.4M | -$31.41M | -$23.81M | -$26.02M | -$10.42M | -$17.64M | -$30.42M | -$10.99M | -$44.91M | -$48.16M | -$42.87M | -$28.91M | -$20.96M | -$14.67M | -$10.26M | -$11.77M | -$9.43M | -$6.05M | -$2.11M |
| Capital Expenditure | $0 | $0 | -$5.5M | -$4.5M | $0 | $0 | $0 | $0 | $0 | -$6K | -$153K | -$5.53M | -$15.85M | $0 | -$53K | -$106K | -$83K | -$166K | -$229K | $0 |
| Free Cash Flow | -$28.39M | -$35.4M | -$36.91M | -$28.31M | -$26.02M | -$10.42M | -$17.64M | -$30.42M | -$10.99M | -$44.92M | -$48.31M | -$48.4M | -$44.76M | -$20.96M | -$14.72M | -$10.36M | -$11.85M | -$9.6M | -$6.28M | -$2.11M |
| Cash at Beginning | $13.99M | $2.63M | $17.23M | $21.45M | $35.4M | $7.38M | $5.45M | $12.75M | $5.96M | $29.73M | $23.65M | $47.79M | $32.81M | $11.43M | $6.89M | $5.68M | $9.86M | $1.76M | $2K | $0 |
| Cash at End | $71.89M | $13.99M | $2.63M | $17.23M | $21.45M | $35.4M | $7.38M | $5.45M | $2.32M | $18.08M | $29.73M | $23.65M | $47.79M | $32.81M | $11.43M | $6.89M | $5.68M | $9.86M | $1.76M | $0 |