NEUBERGER REAL ESTATE SECURITIES INCOME FUND INC (NRO)
Seeking both capital appreciation and ongoing income, the Neuberger Real Estate Securities Income Fund, Inc. functions as a closed-end investment fund or trust. This entity was established on August 28, 2003, and maintains its headquarters in New York, NY.
Industry: Asset Management - Income
Neuberger Real Estate Securities Income Fund Inc
NYSE:NROFinancial Services · Asset Management - Income
-0.37%$2.70
Prev close$2.71-0.37%Close$2.700.00%AH close$2.70
AH$2.70+0.00%vs close
Mkt Cap$171.08M
Float63.36M
O/S63.36M
Inst Own19.1%
SI0.1%
Div Yield13.87%
Dilution
Financials Summary
Revenue$25.21M
Net Income-$6.23M
Total Assets$276.96M
Free Cash Flow$5.48M
Debt & Equity
Debt 25%
Equity 75%
Total Debt$70M
Total Equity$206.38M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NRO's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$276.96M
Liabilities$70.58M
Accounts Receivable$120K
Accounts Payable$226K
Inventory$0
PP&E (Net)$0
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 | 2011-10-31 | 2010-10-31 |
| Revenue | $25.21M | $61.71M | $5.55M | $14.38M | $9.3M | -$70.44M | $62.77M | -$7.9M | $17.78M | $36.43M | $3.3M | $52.61M | $31.32M | $58.1M | $20.03M | $100.8M |
| YoY Growth | -59.1% | 1012.3% | -61.4% | 54.6% | -113.2% | -212.2% | -895.0% | -144.4% | -51.2% | 1003.1% | -93.7% | 68.0% | -46.1% | 190.0% | -80.1% | - |
| Cost of Revenue | $2.37M | $2.33M | $2M | $2.58M | $2.55M | $2.46M | $3.19M | $3.25M | $4.26M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $22.84M | $61.71M | $3.55M | $11.8M | $6.75M | -$9.46M | $59.58M | -$11.15M | $13.53M | $36.43M | $3.3M | $52.61M | $31.32M | $58.1M | $20.03M | $100.8M |
| Gross Margin | 90.6% | 100.0% | 64.0% | 82.0% | 72.5% | 13.4% | 94.9% | 141.2% | 76.1% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | -$5 | $0 | $10 | $3 | -$1 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.35M | $904K | $926K | $1.08M | $1.03M | $1.01M | $1.34M | $1.3M | $1.63M | $1.7M | $1.64M | $1.5M | $1.58M | $1.61M | $1.95M | $1.97M |
| Other | $24.41M | $21K | $22K | $18K | $20K | $16K | $21K | $22K | $580K | $1.18M | $1.17M | $1.21M | $1.24M | -$242K | -$484K | -$639K |
| Total Operating Expenses | $25.75M | $925K | $948K | $1.1M | $1.05M | $1.03M | $1.36M | $1.32M | $2.21M | $2.87M | $2.81M | $2.71M | $2.82M | $1.36M | $1.47M | $1.33M |
| Operating Income (EBIT) | -$2.91M | $63.11M | $1.35M | -$68.53M | $84.07M | -$9.67M | $61.41M | -$5.41M | $19.16M | $36.68M | $3.58M | $51.26M | $29.72M | $58.2M | $20.63M | $101.03M |
| Operating Margin | -11.5% | 102.3% | 24.3% | -476.5% | 903.9% | 13.7% | 97.8% | 68.5% | 107.7% | 100.7% | 108.5% | 97.4% | 94.9% | 100.2% | 103.0% | 100.2% |
| Interest Expense | $3.32M | $2.33M | $2.59M | $1.67M | $1.11M | $1.98M | $3.57M | $3.81M | $3.58M | $3.16M | $3.09M | $1.35M | $1.22M | $1.46M | $2.07M | $1.56M |
| Interest Income | $11.83M | $87K | $299K | $18K | $1K | $29K | $54K | $99K | $45K | $15K | $6K | $4K | $6K | $11K | $9K | $8K |
| Other Income (Expense) | -$3.32M | -$2.33M | -$2.59M | -$1.67M | -$1.11M | -$61.8M | $0 | $3.25M | -$2.33M | $15.96M | -$12.73M | $0 | $15.41M | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$6.23M | $60.78M | -$1.24M | -$70.19M | $82.97M | -$71.47M | $61.41M | -$9.22M | $15.57M | $33.55M | $493K | $49.91M | $28.51M | $56.74M | $18.56M | $99.47M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $60.35M | -$161K | $101.19M | $40K | $13.23M | $16.81M | $13.09M | $10.64M | $0 | $0 |
| Net Income | -$6.23M | $60.78M | -$1.24M | -$70.19M | $82.97M | -$71.47M | $61.41M | -$9.22M | $15.57M | $33.51M | $493K | $49.91M | $28.51M | $56.74M | $18.56M | $99.47M |
| Net Income Margin | -24.7% | 98.5% | -22.3% | -488.1% | 892.0% | 101.5% | 97.8% | 116.7% | 87.6% | 92.0% | 14.9% | 94.9% | 91.0% | 97.7% | 92.7% | 98.7% |
| Supplementary Data | ||||||||||||||||
| EPS | -0.10 | 1.25 | -0.03 | -1.48 | 1.75 | -1.51 | 1.30 | -0.20 | 0.33 | 0.61 | 0.01 | 0.89 | 0.51 | 1.02 | 0.33 | 1.59 |
| Diluted EPS | -0.10 | 1.25 | -0.03 | -1.48 | 1.75 | -1.51 | 1.30 | -0.20 | 0.33 | 0.61 | 0.01 | 0.89 | 0.51 | 1.02 | 0.33 | 1.59 |
| Weighted Average OS | 63.36M | 48.58M | 47.46M | 47.46M | 47.44M | 47.42M | 47.42M | 46.09M | 47.19M | 54.94M | 49.26M | 55.79M | 55.79M | 55.79M | 58.72M | 61.81M |
| EBITDA | -$2.91M | $63.11M | $1.35M | -$68.53M | $84.07M | -$133.75M | $15.21M | -$17.88M | $19.16M | $33.59M | $3.58M | $0 | $29.72M | $114.94M | $20.63M | $101.03M |
| EBITDA Margin | -11.5% | 102.3% | 24.3% | -476.5% | 903.9% | 189.9% | 24.2% | 226.5% | 107.7% | 92.2% | 108.5% | - | 94.9% | 197.8% | 103.0% | 100.2% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 | 2011-10-31 | 2010-10-31 |
| Assets | ||||||||||||||||
| Current Assets | ||||||||||||||||
| Cash and Cash Equivalents | $0 | $117K | $0 | $0 | $0 | $0 | $0 | $76K | $1.4M | $0 | $0 | $3.5M | $0 | $0 | $0 | $0 |
| Short-Term Investments | $660K | $1.31M | $991K | $1.92M | $977K | $1.63M | $2.97M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $660K | $1.42M | $991K | $1.92M | $977K | $1.63M | $2.97M | $76K | $1.4M | $0 | $0 | $3.5M | $0 | $0 | $0 | $0 |
| Accounts Receivable | $120K | $71K | $249K | $445K | $256K | $254K | $280K | $281K | $366K | $498K | $401K | $586K | $566K | $353K | $2.63M | $932K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$780K | -$421K | -$991K | -$2.36M | -$977K | -$1.89M | -$2.98M | $6K | $8K | $18K | $15K | $13K | $15K | $13K | $0 | $0 |
| Total Current Assets | $230K | $1.42M | $599K | $451K | $261K | $0 | $280K | $357K | $1.77M | $498K | $401K | $4.09M | $566K | $353K | $2.63M | $932K |
| Long-Term Assets | ||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $235.5M | $191M | $221.16M | $319.28M | $229.72M | $381.33M | $340.35M | $400.35M | $457.78M | $445.92M | $465.25M | $411.3M | $393.33M | $357.93M | $392.48M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $991K | $0 | $0 | -$229.72M | $0 | -$340.35M | -$400.35M | -$457.78M | -$445.92M | -$465.25M | -$411.3M | -$393.33M | -$357.93M | -$392.48M |
| Total Long-Term Assets | $276.73M | $235.5M | $191.99M | $221.16M | $319.28M | $0 | $381.33M | $340.35M | $400.35M | $457.78M | $445.92M | $465.25M | $411.3M | $393.33M | $357.93M | $392.48M |
| Other Assets | $276.96M | -$881K | $192.59M | $6K | $0 | $229.98M | $6K | $6K | $8K | $234K | $396K | $558K | $569K | $707K | $3.27M | $7.67M |
| Total Assets | $276.96M | $236.05M | $192.59M | $221.61M | $319.54M | $229.98M | $381.62M | $340.71M | $402.13M | $458.51M | $446.72M | $469.9M | $412.43M | $394.39M | $363.84M | $401.09M |
| Liabilities | ||||||||||||||||
| Current Liabilities | ||||||||||||||||
| Accounts Payable | $226K | $420K | $199K | $158K | $148K | $154K | $2.39M | $248K | $1.81M | $414K | $392K | $3.88M | $3.03M | $92K | $1.75M | $264K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $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 |
| Other Current Liabilities | $583K | -$176K | $0 | $0 | $0 | $79K | -$275K | -$500K | -$2.1M | -$753K | -$715K | -$4.21M | -$3.33M | -$592K | -$562K | -$712K |
| Total Current Liabilities | $583K | $420K | $347K | $158K | $148K | $426K | $2.39M | $248K | $1.81M | $414K | $392K | $3.88M | $3.03M | $92K | $1.75M | $264K |
| Long-Term Liabilities | ||||||||||||||||
| Long-Term Debt | $70M | $50M | $50M | $60M | $70M | $45M | $100M | $99.97M | $124.94M | $0 | $125M | $125M | $105M | $105M | $0 | $0 |
| Long-Term Unearned Revenue | $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 |
| Other Long-Term Liabilities | -$70M | $308K | $125K | -$60M | $369K | $0 | $0 | -$99.97M | -$124.94M | $0 | -$125M | -$125M | -$105M | -$105M | $0 | $0 |
| Total Long-Term Liabilities | $70.15M | $50.31M | $50M | $158K | $70M | $45M | $100M | $248K | $1.81M | $414K | $392K | $3.88M | $3.03M | $92K | $1.75M | $264K |
| Other Liabilities | $70M | $50.73M | $125K | $60.17M | $369K | $45.45M | $462K | $100.11M | $123.58M | $125.09M | $125.1M | $121.71M | $102.45M | $105.41M | $103.17M | $135.39M |
| Total Liabilities | $70.58M | $50.73M | $50.47M | $60.49M | $70.52M | $45.45M | $102.86M | $100.6M | $127.2M | $125.91M | $125.88M | $129.47M | $108.52M | $105.59M | $106.66M | $135.92M |
| Stockholders' Equity | ||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $391K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $220.96M | $187.64M | $199.46M | $212.08M | $225.65M | $237.94M | $255.55M | $267.6M | $283.46M | $466.87M | $631.24M | $640.62M | $640.99M | $644.33M | $0 | $0 |
| Retained Earnings | -$14.58M | -$2.32M | -$19.25M | -$50.95M | $23.37M | -$53.41M | $23.22M | -$27.49M | -$107K | -$184K | -$161K | $1.18M | -$1.2M | -$428.55M | -$439.03M | -$451.57M |
| Comprehensive Income & Other | $0 | $0 | -$38.09M | $0 | $0 | $0 | $0 | $0 | -$391K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | -$38.09M | $0 | $0 | $0 | $0 | $0 | -$8.42M | -$134.09M | -$310.24M | -$301.37M | -$335.88M | $73.01M | $696.21M | $716.74M |
| Total Equity | $206.38M | $185.32M | $142.12M | $161.13M | $249.02M | $184.53M | $278.76M | $240.11M | $274.93M | $332.6M | $320.84M | $340.43M | $303.91M | $288.8M | $257.18M | $265.17M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $276.96M | $236.05M | $192.59M | $221.61M | $319.54M | $229.98M | $381.62M | $340.71M | $402.13M | $458.51M | $446.72M | $469.9M | $412.43M | $394.39M | $363.84M | $401.09M |
| Supplementary Data | ||||||||||||||||
| Total Debt | $70M | $50M | $50M | $60M | $70M | $45M | $100M | $99.97M | $124.94M | $100M | $100M | $100M | $80M | $80M | $100M | $53M |
| Net Debt | $70M | -$117K | $50M | $60M | $70M | $45M | $100M | $99.89M | $123.53M | $100M | $100M | $96.5M | $80M | $80M | $100M | $53M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 | 2011-10-31 | 2010-10-31 |
| Operating Activities | ||||||||||||||||
| Net Income | -$6.23M | $60.78M | -$1.24M | -$70.19M | $82.97M | -$71.47M | $61.41M | -$9.22M | $15.57M | $33.51M | $493K | $49.91M | $28.51M | $56.73M | $19.55M | $98.33M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||
| Accounts Receivable | -$49K | $178K | $196K | -$190K | -$2K | $26K | $652 | $85K | $132K | -$97K | $185K | -$20K | -$213K | $2.28M | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$152K | $211K | -$21K | -$58K | $52K | -$2.17M | $2.11M | -$1.43M | $1.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $124K | $41K | -$337K | $24K | $34K | -$212K | $13K | -$87K | -$60K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | -$77K | $430K | -$162K | -$224K | $84K | -$2.35M | $2.12M | -$1.43M | $1.48M | -$91K | -$3.26M | $948K | $2.93M | $2.77M | $4.1M | -$6.91M |
| Other Non-Cash Items | $11.78M | -$43.52M | $6.37M | $98.12M | -$89.56M | $151.61M | -$40.95M | $60.03M | $57.58M | -$11.69M | $19.33M | -$53.96M | -$17.97M | -$38.01M | $30.73M | -$92.21M |
| Net Cash from Operating | $5.48M | $17.69M | $4.97M | $27.7M | -$6.51M | $77.79M | $22.58M | $49.38M | $74.63M | $21.73M | $16.56M | -$3.1M | $13.47M | $21.48M | $54.37M | -$791K |
| Investing Activities | ||||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$130.54M | $39.35M | -$14.78M | -$74.12M | -$82.97M | -$129.66M | -$23.03M | -$80.8M | -$361.81M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $77.01M | $51.12M | $36.65M | $98.76M | $69.78M | $56.04M | $11.28M | $38.73M | $305.64M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$39.35M | $0 | $0 | $0 | $147.24M | $23.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$53.53M | $11.77M | $21.87M | $24.64M | -$13.19M | $73.62M | $11.75M | $42.08M | $56.17M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||||
| Debt Repaid | -$20M | - | $10M | $10M | -$25M | $55M | - | $25M | -$25M | - | - | -$20M | - | $20M | -$47M | -$28M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$48.62M | $0 | $0 | $0 | $0 | -$11.66M | -$87.03M | -$11.84M |
| Dividends Paid | -$21.68M | -$17.58M | -$17.77M | -$17.7M | -$18.49M | -$22.79M | -$22.66M | -$25.71M | -$24.6M | -$21.73M | -$20.06M | -$13.4M | -$13.39M | -$13.49M | -$14.34M | -$15.37M |
| Other Financing Activities | $48.97M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$25M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $47.29M | -$17.58M | -$27.77M | -$27.7M | $6.51M | -$77.79M | -$22.66M | -$50.71M | -$73.22M | -$21.73M | -$20.06M | $6.6M | -$13.39M | -$21.57M | -$54.37M | $791K |
| Forex Effect | $646K | $0 | $0 | $0 | $0 | $0 | -$11.75M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$117K | $117K | -$927K | $24.64M | $0 | $73.62M | -$76K | -$1.33M | $57.58M | $0 | -$3.5M | $3.5M | $84K | -$84K | $0 | $0 |
| Supplementary Data | ||||||||||||||||
| Operating Cash Flow | $5.48M | $17.69M | $4.97M | $27.7M | -$6.51M | $77.79M | $22.58M | $49.38M | $74.63M | $21.73M | $16.56M | -$3.1M | $13.47M | $21.48M | $54.37M | -$791K |
| Capital Expenditure | $5 | $0 | $4 | $0 | -$4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $5.48M | $17.69M | $4.97M | $27.7M | -$6.51M | $77.79M | $22.58M | $49.38M | $74.63M | $21.73M | $16.56M | -$3.1M | $13.47M | $21.48M | $54.37M | -$791K |
| Cash at Beginning | $117K | -$927K | $24.64M | $0 | $73.62M | $0 | $76K | $1.4M | -$56.17M | $0 | $3.5M | $0 | -$84K | $0 | $0 | $0 |
| Cash at End | $0 | $117K | -$927K | $24.64M | -$502K | $73.62M | $0 | $76K | $1.4M | $0 | $0 | $3.5M | $0 | -$84K | $0 | $0 |