MILESTONE SCIENTIFIC INC. (MLSS)
Milestone Scientific Inc. is dedicated to the innovation, refinement, and global distribution of advanced diagnostic and therapeutic injection technologies and devices. These solutions cater to the medical, dental, and cosmetic industries, with a presence in the United States, China, and other international markets. The company's operations are divided into two main segments: Dental and Medical. Within its Dental division, key products include CompuDent and the STA Single Tooth Anesthesia System, both instrumental for delivering local anesthetics across all dental procedures. For broader applications, the firm offers CompuFlo, a sophisticated computer-controlled system capable of delivering drugs, anesthetics, and other medicaments comfortably and precisely, as well as aspirating bodily fluids or prior injections. Complementing this, a disposable injection handpiece provides precise tactile control during administration. In the Medical segment, Milestone Scientific introduces the CompuFlo Epidural, a computer-guided anesthesia system designed for a variety of medical applications. Additionally, their CompuMed system is utilized in numerous specialized procedures, including plastic surgery, hair restoration, colorectal surgery, podiatry, dermatology, and orthopedics, among others. Headquartered in Livingston, New Jersey, Milestone Scientific Inc. was established in 1989.
Sector: Orthopedic, Prosthetic & Surgical Appliances & Supplies
Industry: Medical - Instruments & Supplies
Milestone Scientific Inc.
NYSE:MLSSHealthcare · Medical - Instruments & Supplies
-0.82%$0.3025
AH Close$0.3025+0.00%vs close
AH Close$0.3025+0.00%vs close
Mkt Cap$27.42M
Float75.33M
O/S90.64M
Inst Own5.3%
SI0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$8.97M
Net Income-$5.72M
Total Assets$7.81M
Free Cash Flow-$2.93M
Debt & Equity
Debt 27%
Equity 73%
Total Debt$1.02M
Total Equity$2.81M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:3Reverse splitJan 14, 20043 shares → 1
Balance Sheet Details
Assets$7.81M
Liabilities$4.99M
Accounts Receivable$706K
Accounts Payable$1.43M
Inventory$3.78M
PP&E (Net)$206K
Goodwill$0
Intangible Assets$79K
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 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | 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 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Revenue | $8.97M | $8.63M | $9.83M | $8.81M | $10.3M | $5.44M | $8.37M | $9.62M | $11.28M | $10.48M | $9.49M | $10.33M | $10.01M | $8.65M | $8.38M | $9.75M | $8.55M | $6.62M | $6.39M | $5.84M | $6.43M | $4.75M | $3.97M | $4.07M | $4.09M | $5.67M | $2.86M | $8.8M | $2.9M | $300K |
| YoY Growth | 4.0% | -12.2% | 11.6% | -14.5% | 89.5% | -35.1% | -13.0% | -14.7% | 7.6% | 10.4% | -8.1% | 3.2% | 15.8% | 3.2% | -14.1% | 14.0% | 29.1% | 3.6% | 9.4% | -9.2% | 35.4% | 19.6% | -2.5% | -0.5% | -27.9% | 98.7% | -67.6% | 203.4% | 866.7% | - |
| Cost of Revenue | $2.64M | $2.2M | $3.03M | $3.91M | $3.99M | $1.82M | $2.66M | $5.19M | $4.31M | $4.18M | $3.05M | $3.63M | $3.2M | $3.06M | $3.02M | $3.53M | $3.46M | $2.68M | $2.9M | $3.04M | $2.52M | $2.42M | $2M | $1.98M | $1.97M | $2.91M | $839K | $9.6M | $1.6M | $0 |
| Gross Profit | $6.33M | $6.43M | $6.79M | $4.9M | $6.31M | $3.62M | $5.72M | $4.43M | $6.97M | $6.31M | $6.44M | $6.7M | $6.81M | $5.59M | $5.36M | $6.22M | $5.09M | $3.94M | $3.49M | $2.81M | $3.91M | $2.34M | $1.97M | $2.09M | $2.12M | $2.77M | $2.02M | -$800K | $1.3M | $300K |
| Gross Margin | 70.5% | 74.6% | 69.1% | 55.7% | 61.3% | 66.6% | 68.3% | 46.1% | 61.8% | 60.2% | 67.9% | 64.9% | 68.0% | 64.7% | 64.0% | 63.8% | 59.5% | 59.5% | 54.7% | 48.1% | 60.8% | 49.2% | 49.6% | 51.4% | 51.8% | 48.7% | 70.6% | -9.1% | 44.8% | 100.0% |
| Research and Development | $449K | $859K | $701K | $1.15M | $878K | $308K | $190K | $246K | $273K | $1.27M | $101K | $88K | $191K | $182K | $140K | $270K | $241K | $169K | $397K | $1.01M | $286K | $188K | $131K | $148K | $50K | $386K | $455K | $400K | $1M | $200K |
| Selling, General, and Administrative | $11.58M | $0 | $0 | $0 | $0 | $0 | $9.53M | $10.65M | $11.93M | $11.55M | $9.4M | $7.4M | $5.53M | $5.93M | $6.45M | $6.65M | $6.95M | $5.5M | $6.34M | $5.33M | $6.79M | $5.16M | $3.57M | $3.59M | $5.27M | $8.5M | $7.01M | $9.3M | $7.7M | $2.2M |
| Other | $0 | $12.33M | $13.2M | $12.58M | $12.81M | $10.77M | $0 | -$7K | -$5K | -$5K | -$5K | $0 | $18K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $26K | $0 | $719K | $733K | $500K | $300K | $200K |
| Total Operating Expenses | $12.03M | $13.19M | $13.9M | $13.73M | $13.69M | $11.07M | $9.72M | $10.89M | $12.2M | $12.82M | $9.5M | $7.49M | $5.73M | $6.11M | $6.59M | $6.92M | $7.19M | $5.67M | $6.73M | $6.33M | $7.08M | $5.34M | $3.7M | $3.76M | $5.32M | $9.6M | $8.2M | $10.2M | $9M | $2.6M |
| Operating Income (EBIT) | -$5.7M | -$6.76M | -$7.11M | -$8.83M | -$7.38M | -$7.45M | -$4M | -$8M | -$5.23M | -$6.51M | -$3.06M | -$790K | $1.09M | -$520K | -$1.22M | -$701K | -$2.1M | -$1.73M | -$3.24M | -$3.52M | -$3.25M | -$3.01M | -$1.73M | -$1.67M | -$3.2M | -$6.84M | -$6.18M | -$11M | -$7.7M | -$2.3M |
| Operating Margin | -63.5% | -78.3% | -72.3% | -100.2% | -71.6% | -137.1% | -47.8% | -83.1% | -46.4% | -62.1% | -32.2% | -7.6% | 10.9% | -6.0% | -14.6% | -7.2% | -24.6% | -26.1% | -50.7% | -60.3% | -50.5% | -63.3% | -43.6% | -41.0% | -78.2% | -120.5% | -216.5% | -125.0% | -265.5% | -766.7% |
| Interest Expense | $26K | $0 | $0 | $0 | $16K | $18K | $0 | $0 | $0 | $0 | $0 | $3K | $71K | $179K | $132K | $95K | $154K | $116K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $60K | $126K | $55K | $0 | $0 | $2K | $7K | $9K | $1K | $4K | $5K | $115 | $34 | $35 | $587 | $3K | $9K | $0 | $87K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$26K | $2.04M | $126K | $55K | $502K | $80K | -$3.56M | $215 | $4K | -$4K | -$2K | -$908K | $378K | -$350K | -$258K | $86K | $573K | $541K | $302K | $371K | $493K | $11K | $0 | $54K | $64K | -$246K | -$808K | $400K | $0 | $200K |
| Income Before Tax (EBT) | -$5.72M | -$4.71M | -$6.98M | -$8.77M | -$6.88M | -$7.37M | -$7.56M | -$8M | -$5.23M | -$6.52M | -$3.06M | -$1.7M | $1.46M | -$870K | -$1.35M | -$520K | -$2.16M | -$1.08M | -$2.94M | -$3.15M | -$2.27M | $0 | $0 | -$1.62M | -$3.14M | -$7.08M | -$6.99M | -$10.6M | -$7.5M | -$2.1M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $333 | $16K | $18K | $24K | $19K | -$19K | $36K | $10K | $0 | $8K | $258K | -$86K | -$573K | -$541K | $0 | $0 | -$414K | -$11K | $681K | $771K | $791K | $673K | $791K | -$300K | -$300K | -$400K |
| Net Income | -$5.72M | -$4.71M | -$6.93M | -$8.71M | -$6.82M | -$7.34M | -$7.52M | -$7.43M | -$5.19M | -$5.95M | -$5.47M | -$1.7M | $1.46M | -$870K | -$1.48M | -$615K | -$1.53M | -$1.19M | -$2.94M | -$3.15M | -$2.75M | -$3M | -$2.41M | -$2.44M | -$3.99M | -$7.51M | -$6.97M | -$10.7M | -$7.4M | -$1.9M |
| Net Income Margin | -63.8% | -54.6% | -70.5% | -98.9% | -66.2% | -134.9% | -89.8% | -77.2% | -46.0% | -56.7% | -57.6% | -16.5% | 14.6% | -10.1% | -17.7% | -6.3% | -17.9% | -17.9% | -46.0% | -53.9% | -42.8% | -63.1% | -60.8% | -59.9% | -97.5% | -132.3% | -244.2% | -121.6% | -255.2% | -633.3% |
| Supplementary Data | ||||||||||||||||||||||||||||||
| EPS | -0.07 | -0.06 | -0.10 | -0.12 | -0.10 | -0.12 | -0.17 | -0.21 | -0.16 | -0.22 | -0.26 | -0.08 | 0.09 | -0.05 | -0.10 | -0.04 | -0.11 | -0.09 | -0.24 | -0.27 | -0.25 | -0.33 | -0.52 | -0.59 | -1.07 | -2.15 | -2.40 | -3.66 | -3.63 | -1.29 |
| Diluted EPS | -0.07 | -0.06 | -0.10 | -0.12 | -0.10 | -0.12 | -0.17 | -0.21 | -0.16 | -0.22 | -0.26 | -0.08 | 0.08 | -0.05 | -0.10 | -0.04 | -0.11 | -0.09 | -0.24 | -0.27 | -0.25 | -0.33 | -0.52 | -0.59 | -1.07 | -2.15 | -2.40 | -3.66 | -3.63 | -1.29 |
| Weighted Average OS | 82.06M | 79.79M | 72.78M | 70.61M | 68.83M | 63.06M | 45.74M | 35.30M | 32.70M | 26.97M | 21.03M | 20.06M | 17.13M | 16.08M | 15.17M | 14.82M | 13.39M | 12.67M | 12.14M | 11.79M | 11.01M | 9.15M | 4.67M | 4.16M | 3.71M | 3.50M | 2.91M | 2.92M | 2.04M | 1.47M |
| EBITDA | -$5.51M | -$4.58M | -$6.83M | -$8.63M | -$6.79M | -$7.36M | -$7.39M | -$5.58M | -$4.66M | -$6.35M | -$2.96M | -$694K | $1.18M | -$596K | -$1.24M | -$572K | -$2.1M | -$1.73M | -$3.24M | -$3.52M | -$3.13M | -$2.91M | -$1.4M | -$1.25M | -$2.77M | -$6.12M | -$5.45M | -$10.5M | -$7.2M | -$2.1M |
| EBITDA Margin | -61.4% | -53.1% | -69.5% | -98.0% | -65.9% | -135.3% | -88.2% | -58.0% | -41.3% | -60.6% | -31.2% | -6.7% | 11.8% | -6.9% | -14.8% | -5.9% | -24.6% | -26.1% | -50.7% | -60.3% | -48.6% | -61.2% | -35.2% | -30.7% | -67.5% | -107.8% | -190.8% | -119.3% | -248.3% | -700.0% |
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 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | 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 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Assets | ||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $1.11M | $3.26M | $2.98M | $8.72M | $14.76M | $14.22M | $1.52M | $743K | $2.64M | $3.6M | $4.19M | $10.37M | $1.15M | $165K | $96K | $627K | $1.03M | $744K | $745K | $1.16M | $2.89M | $3.04M | $3K | $10K | $16K | $173K | $243K | $300K | $9.8M | $800K |
| Short-Term Investments | $0 | $0 | $2.98M | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $1.11M | $3.26M | $5.95M | $8.72M | $14.76M | $14.22M | $1.52M | $743K | $2.64M | $3.6M | $4.19M | $10.37M | $1.15M | $165K | $96K | $627K | $1.03M | $744K | $745K | $1.16M | $2.89M | $3.04M | $3K | $10K | $16K | $173K | $243K | $300K | $9.8M | $800K |
| Accounts Receivable | $706K | $475K | $313K | $694K | $943K | $1.08M | $1.71M | $2.08M | $3.26M | $3.52M | $1.85M | $1.54M | $1.53M | $979K | $1.15M | $796K | $1.06M | $926K | $1.55M | $1.48M | $1.55M | $421K | $389K | $539K | $679K | $530K | $298K | $400K | $300K | $300K |
| Inventory | $3.78M | $3.71M | $2.64M | $1.79M | $1.54M | $2.42M | $1.62M | $1.92M | $3.38M | $4.6M | $4.26M | $2.5M | $1.32M | $639K | $790K | $987K | $805K | $720K | $1.64M | $1.32M | $1.37M | $936K | $427K | $119K | $163K | $1.04M | $1.72M | $1.3M | $1.2M | $500K |
| Other Current Assets | $469K | $565K | $1.37M | $1.33M | $1.31M | $414K | $711K | $699K | $2.31M | $1.33M | $305K | $455K | $150K | $239K | $304K | $0 | $0 | $0 | $0 | $0 | $0 | $62K | $262K | $160K | $0 | $224K | $193K | $3.4M | $5.9M | $0 |
| Total Current Assets | $7.48M | $9.29M | $10.79M | $12.97M | $18.93M | $18.55M | $6.08M | $5.86M | $12.02M | $12.71M | $11.82M | $15.58M | $4.88M | $2.5M | $3.3M | $3.39M | $3.3M | $2.86M | $4.11M | $4.07M | $5.93M | $4.57M | $1.2M | $893K | $888K | $1.97M | $2.45M | $5.4M | $17.2M | $1.6M |
| Long-Term Assets | ||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $206K | $338K | $374K | $479K | $574K | $663K | $61K | $83K | $142K | $159K | $236K | $89K | $24K | $37K | $52K | $67K | $77K | $153K | $221K | $459K | $536K | $612K | $242K | $227K | $208K | $273K | $1.67M | $2M | $800K | $300K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $79K | $148K | $179K | $228K | $278K | $329K | $382K | $435K | $2.79M | $660K | $716K | $530K | $592K | $649K | $698K | $945K | $947K | $901K | $559K | $527K | $487K | $101K | $0 | $0 | $0 | $0 | $1.49M | $1.7M | $2M | $2M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $650K | $0 | $16K | $1.26M | $966K | $0 | $2.65M | $76K | $388K | $492K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$650K | $0 | $0 | $0 | $1.58M | $0 | $261K | $2.07M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $43K | $24K | $24K | $24K | $24K | $24K | $36K | $27K | $677K | $17K | $17K | $15K | $13K | $2.48M | $28K | $58K | $134K | $7K | $104K | $90K | $101K | $90K | $276K | $120K | $420K | $315K | $10K | $100K | $0 | $800K |
| Total Long-Term Assets | $329K | $511K | $577K | $732K | $876K | $1.02M | $479K | $545K | $3.61M | $837K | $985K | $1.9M | $3.18M | $3.16M | $3.69M | $3.22M | $1.55M | $1.55M | $884K | $1.08M | $1.12M | $804K | $518K | $347K | $628K | $588K | $3.17M | $3.8M | $2.8M | $3.1M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $7.81M | $9.8M | $11.37M | $13.7M | $19.81M | $19.57M | $6.56M | $6.4M | $15.63M | $13.55M | $12.81M | $17.48M | $8.06M | $5.66M | $6.99M | $6.61M | $4.85M | $4.41M | $4.99M | $5.14M | $7.05M | $5.37M | $1.72M | $1.24M | $1.52M | $2.55M | $5.62M | $9.2M | $20M | $4.7M |
| Liabilities | ||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||
| Accounts Payable | $1.43M | $1.02M | $1.1M | $1.91M | $1.18M | $868K | $2.74M | $2.87M | $978K | $2.58M | $2.09M | $1.45M | $2.02M | $2.34M | $3.93M | $2.88M | $1.15M | $829K | $1.86M | $1.2M | $508K | $474K | $1.69M | $1.27M | $1.06M | $1.15M | $996K | $500K | $1.1M | $500K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $276K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.5M | $4.58M | $0 | $200K | $0 | $200K | $200K | $100K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $522K | $2.48M | $1M | $0 | -$50K | -$50K | -$357K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $291K | $86K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $243K | $340K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $524K | $496K | $16K | $0 | $0 | $0 | $640K | $170K | $0 | $506K | $246K | $200K | $200K | $100K |
| Total Current Liabilities | $4.13M | $3.74M | $3.08M | $3.3M | $3.1M | $2.88M | $4.93M | $4.87M | $6.73M | $5.01M | $3.64M | $2.44M | $2.54M | $3.27M | $4.61M | $3.39M | $1.68M | $1.33M | $2.07M | $1.43M | $731K | $699K | $4.12M | $6.11M | $1.17M | $1.85M | $1.24M | $900K | $1.5M | $700K |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||
| Long-Term Debt | $800K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $450K | $447K | $442K | $439K | $1.69M | $935K | $0 | $0 | $0 | $41K | $780K | $3.75M | $2.4M | $2.25M | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.4M | $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 | $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 | $440K | $92K | $0 | $444K | $0 | $0 | $150K | $0 | $459K | $1.05M | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $863K | $220K | $282K | $396K | $497K | $587K | $0 | $0 | $1.4M | $36K | $0 | $55K | $0 | $450K | $447K | $882K | $531K | $1.69M | $1.38M | $0 | $0 | $150K | $41K | $1.24M | $4.81M | $2.4M | $2.25M | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$36K | $0 | -$55K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.99M | $3.96M | $3.36M | $3.7M | $3.59M | $3.46M | $4.93M | $4.87M | $8.13M | $5.01M | $3.64M | $2.44M | $2.54M | $3.72M | $5.06M | $4.28M | $2.21M | $3.01M | $3.45M | $1.43M | $731K | $849K | $4.16M | $7.35M | $5.97M | $4.26M | $3.49M | $900K | $1.5M | $700K |
| Stockholders' Equity | ||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7 | $7 | $7 | $7 | $7 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25 | $25 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $80K | $78K | $76K | $69K | $68K | $64K | $49K | $36K | $35K | $32K | $23K | $22K | $20K | $18K | $17K | $16K | $15K | $13K | $12K | $12K | $12K | $10K | $6K | $13K | $11K | $11K | $9K | $0 | $0 | $0 |
| Retained Earnings | -$133.78M | -$128.05M | -$123.34M | -$116.41M | -$107.7M | -$100.89M | -$93.52M | -$86M | -$78.57M | -$73.38M | -$67.43M | -$61.97M | -$60.27M | -$61.73M | -$60.86M | -$59.38M | -$58.76M | -$57.23M | -$56.05M | -$53.11M | -$49.95M | -$47.2M | -$44.2M | -$41.79M | -$39.35M | -$35.35M | -$27.85M | -$20.9M | -$10.2M | -$2.7M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$789K | -$722K | -$659K | -$566K | -$416K | -$477K | -$459K | -$446K | -$426K | -$396K | -$345K | -$284K | -$403K | -$307K | -$208K | -$157K | -$20K | -$303K | -$31K | -$976K | -$100K | -$100K | $0 |
| Other Stockholders' Equity | $136.51M | $133.81M | $131.28M | $126.57M | $124M | $117.02M | $95.17M | $87.5M | $85.78M | $81.85M | $77.72M | $76.59M | $65.77M | $63.65M | $62.78M | $61.69M | $61.39M | $58.62M | $57.57M | $56.81M | $56.26M | $51.71M | $41.75M | $35.67M | $34.88M | $33.64M | $29.97M | $29.2M | $28.7M | $6.7M |
| Total Equity | $2.81M | $5.83M | $8.01M | $10.23M | $16.37M | $16.2M | $1.7M | $1.54M | $7.24M | $8.5M | $10.31M | $14.65M | $5.52M | $1.94M | $1.94M | $2.33M | $2.64M | $1.4M | $1.54M | $3.71M | $6.32M | $4.52M | -$2.44M | -$6.11M | -$4.46M | -$1.7M | $2.13M | $8.3M | $18.5M | $4M |
| Minority Interest | $0 | $0 | $0 | -$219K | -$153K | -$94K | -$67K | -$11K | $257K | $36K | -$1.14M | $395K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $7.81M | $9.8M | $11.37M | $13.92M | $19.96M | $19.67M | $6.62M | $6.41M | $15.37M | $13.51M | $13.95M | $17.08M | $8.06M | $5.66M | $6.99M | $6.61M | $4.85M | $4.41M | $4.99M | $5.14M | $7.05M | $5.37M | $1.72M | $1.24M | $1.52M | $2.55M | $5.62M | $9.2M | $20M | $4.7M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Total Debt | $1.02M | $349K | $396K | $497K | $587K | $943K | $16K | $0 | $0 | $0 | $0 | $50K | $50K | $450K | $447K | $442K | $439K | $1.69M | $935K | $0 | $0 | $0 | $1.54M | $5.36M | $3.75M | $2.6M | $2.25M | $200K | $200K | $100K |
| Net Debt | -$92K | -$2.91M | -$2.58M | -$8.22M | -$14.18M | -$13.28M | -$1.5M | -$743K | -$2.64M | -$3.6M | -$4.19M | -$10.32M | -$1.1M | $285K | $351K | -$185K | -$590K | $942K | $190K | -$1.16M | -$2.89M | -$3.04M | $1.54M | $5.35M | $3.74M | $2.43M | $2.01M | -$100K | -$9.6M | -$700K |
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 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | 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 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | -$5.72M | -$4.71M | -$6.93M | -$8.77M | -$6.88M | -$7.34M | -$7.58M | -$7.69M | -$5.37M | -$7.29M | -$5.54M | -$1.71M | $1.46M | -$870K | -$1.48M | -$615K | -$1.53M | -$1.19M | -$2.94M | -$3.15M | -$2.75M | -$3M | -$2.41M | -$2.44M | -$3.99M | -$7.51M | -$6.97M | -$10.7M | -$7.4M | -$1.9M |
| Depreciation & Amortization | $186K | $135K | $151K | $144K | $74K | $96K | $256K | $881K | $573K | $163K | $97K | $96K | $96K | $95K | $105K | $129K | $126K | $127K | $149K | $119K | $118K | $102K | $335K | $418K | $435K | $719K | $733K | $500K | $300K | $200K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | -$519K | -$98K | $0 | $260K | $183K | -$1.05M | $1.25M | $916K | $624K | $41K | $1.52M | -$5K | $100K | -$348K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $953K | $1.71M | $1.88M | $1.82M | $1.58M | $1.35M | $184K | $409K | $651K | $1.85M | $1.13M | $1.03M | $1.08M | $674K | $865K | $306K | $1.44M | $350K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||
| Accounts Receivable | -$242K | -$163K | $310K | $250K | $137K | $630K | $368K | -$635K | $256K | -$1.09M | -$207K | -$9K | -$126K | $525K | -$172K | -$734K | -$138K | -$579K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$69K | -$1.08M | -$1.1M | -$833K | $879K | -$800K | $301K | $915K | $1M | -$509K | -$875K | -$1.18M | -$683K | $152K | $196K | -$182K | -$121K | $917K | -$313K | $48K | -$435K | -$510K | -$307K | $43K | $14K | -$330K | -$462K | -$1.2M | -$700K | -$100K |
| Accounts Payable | $1.28M | $415K | -$806K | $730K | $308K | -$1.87M | $17K | $906K | -$613K | $486K | $173K | -$516K | -$316K | -$1.59M | $608K | $2.17M | $325K | -$892K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$1.06M | $192K | $200K | -$696K | -$257K | $228K | $1.12M | $584K | $1.93M | $201K | -$99K | $1.75M | $486K | $838K | -$731K | -$2M | $160K | $792K | $864K | $798K | -$1.08M | -$914K | $1.55M | $1.29M | $1.81M | $924K | $601K | -$700K | $600K | -$200K |
| Total Working Capital Change | -$94K | -$631K | -$1.4M | -$550K | $1.07M | -$1.81M | $1.81M | $1.77M | $2.58M | -$914K | -$1.01M | $47K | -$640K | -$80K | -$99K | -$749K | $226K | $238K | $550K | $846K | -$1.51M | -$1.42M | $1.25M | $1.33M | $1.82M | $594K | $139K | -$1.9M | -$100K | -$300K |
| Other Non-Cash Items | $1.76M | $580K | $968K | $1.33M | $653K | $821K | $3.55M | $2.74M | $158K | $1.85M | $1.13M | -$5K | -$1.36M | $90K | -$1.48M | $641K | $36K | $378K | $1.09M | $537K | $883K | $33K | $11K | $12K | $348K | $3.35M | $768K | $3.5M | $2.5M | $500K |
| Net Cash from Operating | -$2.92M | -$2.92M | -$5.33M | -$6.03M | -$4.02M | -$6.98M | -$1.78M | -$1.63M | -$1.23M | -$5.4M | -$2.95M | $377K | $1.26M | -$50K | -$571K | -$294K | $403K | -$442K | -$1.15M | -$1.65M | -$3.27M | -$4.28M | -$821K | -$676K | -$1.38M | -$2.84M | -$5.33M | -$8.6M | -$4.7M | -$1.5M |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | -$15K | -$10K | -$5K | -$9K | -$15K | -$21K | -$10K | -$7K | -$199K | -$31K | -$78K | -$99K | -$27K | -$31K | -$39K | -$110K | -$174K | -$317K | -$336K | -$82K | -$23K | -$351K | -$35K | -$74K | -$11K | -$52K | -$107K | -$3.6M | -$500K | -$100K |
| Acquisitions | $0 | $0 | $2.97M | $0 | $0 | $0 | $0 | -$8K | $0 | $39K | -$3.65M | -$1.21M | -$535K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$7.93M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.65M | -$1.21M | -$535K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.75M | $0 | $0 | $0 |
| Sales of Investments | $0 | $2.98M | $4.97M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.65M | $1.21M | $535K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.02M | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | -$2.97M | $0 | $0 | $0 | $0 | -$0 | -$193K | $39K | -$10K | -$1.22M | -$556K | -$27K | $0 | $2K | $30K | $8K | $0 | $0 | -$313K | -$145K | $0 | $0 | $0 | $0 | $0 | $2.5M | -$5.8M | $0 |
| Net Cash from Investing | -$15K | $2.97M | -$2.97M | -$9K | -$15K | -$21K | -$10K | -$15K | -$199K | $8K | -$3.73M | -$1.3M | -$561K | -$31K | -$39K | -$108K | -$144K | -$309K | -$336K | -$82K | -$336K | -$496K | -$35K | -$74K | -$11K | -$52K | $3.16M | -$1.1M | -$6.3M | -$100K |
| Financing Activities | ||||||||||||||||||||||||||||||
| Debt Repaid | -$786K | $10K | $9K | $9K | $9K | -$269K | - | - | - | - | - | $50K | -$50K | - | - | - | - | -$300K | -$1M | - | -$3.45M | $50K | -$958K | -$785K | -$600K | -$2.86M | -$2.1M | - | -$100K | - |
| Common Stock Issuance | $0 | $192K | $2.57M | $0 | $4.6M | $18.04M | $2.22M | $0 | $401K | $4.8M | $0 | $9.45M | $200K | $150K | $30K | $0 | $25K | $0 | $71K | $0 | $749 | $0 | $249K | $0 | $735K | $0 | $0 | $1.2M | $19.9M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$250K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$900K | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $52K | $0 | $0 | -$16K | $0 | $338K | -$250K | $63K | $0 | $500K | $699K | $235K | $0 | $49K | $0 | $2K | $0 | $0 | $0 | $0 | $7.87M | -$358K | -$41K | -$97K | -$33K | -$2K | $0 | -$100K | $0 |
| Net Cash from Financing | $786K | $234K | $2.56M | -$9K | $4.57M | $19.71M | $2.56M | -$250K | $463K | $4.8M | $500K | $10.15M | $285K | $150K | $79K | $0 | $27K | $750K | $1.07M | $0 | $3.45M | $7.82M | $849K | $744K | $1.24M | $2.82M | $2.1M | $300K | $19.9M | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$2.15M | $280K | -$5.74M | -$6.05M | $540K | $12.71M | $773K | -$1.89M | -$965K | -$592K | -$6.17M | $9.22M | $982K | $69K | -$531K | -$402K | $285K | -$1K | -$415K | -$1.73M | -$149K | $3.04M | -$6K | -$6K | -$157K | -$70K | -$74K | -$9.4M | $8.9M | -$1.6M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Operating Cash Flow | -$2.92M | -$2.92M | -$5.33M | -$6.03M | -$4.02M | -$6.98M | -$1.78M | -$1.63M | -$1.23M | -$5.4M | -$2.95M | $377K | $1.26M | -$50K | -$571K | -$294K | $403K | -$442K | -$1.15M | -$1.65M | -$3.27M | -$4.28M | -$821K | -$676K | -$1.38M | -$2.84M | -$5.33M | -$8.6M | -$4.7M | -$1.5M |
| Capital Expenditure | -$15K | -$10K | -$5K | -$9K | -$15K | -$21K | -$10K | -$7K | -$199K | -$31K | -$78K | -$99K | -$27K | -$31K | -$39K | -$110K | -$174K | -$317K | -$336K | -$82K | -$23K | -$351K | -$35K | -$74K | -$11K | -$52K | -$107K | -$3.6M | -$500K | -$100K |
| Free Cash Flow | -$2.93M | -$2.93M | -$5.33M | -$6.04M | -$4.03M | -$7.01M | -$1.79M | -$1.64M | -$1.43M | -$5.43M | -$3.02M | $278K | $1.23M | -$81K | -$610K | -$404K | $229K | -$759K | -$1.49M | -$1.73M | -$3.29M | -$4.64M | -$856K | -$751K | -$1.4M | -$2.89M | -$5.44M | -$12.2M | -$5.2M | -$1.6M |
| Cash at Beginning | $3.26M | $2.98M | $8.72M | $14.76M | $14.22M | $1.52M | $743K | $2.64M | $3.6M | $4.19M | $10.37M | $1.15M | $165K | $96K | $627K | $1.03M | $744K | $745K | $1.16M | $2.89M | $3.04M | $3K | $10K | $16K | $173K | $243K | $317K | $9.8M | $800K | $2.3M |
| Cash at End | $1.11M | $3.26M | $2.98M | $8.72M | $14.76M | $14.22M | $1.52M | $743K | $2.64M | $3.6M | $4.19M | $10.37M | $1.15M | $165K | $96K | $627K | $1.03M | $744K | $745K | $1.16M | $2.89M | $3.04M | $3K | $10K | $16K | $173K | $243K | $400K | $9.7M | $700K |