Apollo Silver Corp (APGOF)
Headquartered in Vancouver, Canada, Apollo Silver Corp. was founded in 1999. The company's core business involves the exploration and development of silver resources across the United States. Its portfolio includes significant holdings in California and Arizona. In California, Apollo Silver possesses the Waterloo property, which encompasses 27 fee simple land parcels (1,352 acres) and 21 unpatented lode mining claims (418 acres). Also situated in California's San Bernardino County, within the Mojave Desert, is the Langtry property, consisting of 20 patented claims (413 acres) and 38 unpatented lode mining claims (767 acres). Expanding its reach, the company also controls the Arizona Silver District project in La Paz County, Arizona. This approximately 2,000-acre site is comprised of 3 patented claims, a single lode mining claim, and 23 unpatented mill sites. Notably, the company rebranded from Apollo Gold & Silver Corp. to Apollo Silver Corp. in September 2021.
Industry: Silver
Apollo Silver Corp.
OTC:APGOFBasic Materials · Silver
-6.29%$1.31
Mkt Cap$77.47M
Float48.88M
O/S59.13M
Inst Own-
SI1.6%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$6.68M
Total Assets$24.18M
Free Cash Flow-$6.28M
Debt & Equity
Debt 1%
Equity 99%
Total Debt$125K
Total Equity$23.64M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:5
Nasdaq bars a compliance period at 1:250
- 1:5Reverse splitSep 15, 20255 shares → 1
Balance Sheet Details
Assets$24.18M
Liabilities$547K
Accounts Receivable$113K
Accounts Payable$0
Inventory$0
PP&E (Net)$151K
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 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Period Ending | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 | 2015-11-30 | 2014-11-30 | 2013-11-30 | 2012-11-30 | 2011-11-30 | 2010-11-30 | 2009-11-30 | 2008-11-30 | 2007-11-30 | 2006-11-30 | 2005-11-30 | 2004-11-30 | 2003-11-30 | 2002-06-30 | 2001-06-30 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.07M | $1.33M | $1.51M | $1.71M | $1.25M | $2.34M | $2.27M | $3K | $0 |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -19.2% | -12.1% | -11.5% | 36.6% | -46.6% | 3.1% | 72150.0% | - | - |
| Cost of Revenue | $102K | $99K | $99K | $95K | $7K | $704 | $2K | $237 | $182 | $0 | $0 | $0 | $341 | $973 | $0 | $0 | $950K | $976K | $1.1M | $1.04M | $1.1M | $2.5M | $2.19M | $0 | $0 |
| Gross Profit | -$102K | -$99K | -$99K | -$95K | -$7K | -$704 | -$2K | -$237 | -$182 | $0 | $0 | $0 | -$341 | -$973 | $0 | $0 | $121K | $350K | $412K | $666K | $146K | -$159K | $76K | $3K | $0 |
| Gross Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.3% | 26.4% | 27.3% | 39.0% | 11.7% | -6.8% | 3.3% | 100.0% | - |
| Research and Development | $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 |
| Selling, General, and Administrative | $6.75M | $2.1M | $3.07M | $2.49M | $2.35M | $1.01M | $95K | $94K | $84K | $101K | $141K | $151K | $199K | $478K | $711K | $139K | $271K | $380K | $422K | $457K | $403K | $309K | $123K | $22K | $31K |
| Other | -$10.86M | $99K | $99K | -$278K | $25K | $39K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$30K | $0 | $0 | $31K | $55K | $139K | $0 | $0 |
| Total Operating Expenses | $6.75M | $2.2M | $3.17M | $8.78M | $3.22M | $1.15M | $95K | $94K | $84K | $101K | $141K | $151K | $199K | $479K | $711K | $139K | $271K | $350K | $422K | $457K | $433K | $395K | $262K | $22K | $31K |
| Operating Income (EBIT) | -$6.86M | -$2.2M | -$3.17M | -$9.17M | -$3.3M | -$1.15M | -$88K | -$82K | -$66K | -$101K | -$140K | -$151K | -$141K | -$479K | -$711K | -$139K | -$85K | -$30K | -$9K | $209K | -$288K | -$523K | -$187K | -$19K | -$31K |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -7.9% | -2.2% | -0.6% | 12.2% | -23.1% | -22.4% | -8.2% | -611.5% | - |
| Interest Expense | $25K | $17K | $20K | $26K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $142K | $139K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $284K | $61K | $158K | $137K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $176K | $61K | $217K | $1.31M | $1.3M | $38K | -$10K | -$12K | -$18K | $1K | -$22K | -$181K | -$1.55M | $0 | $0 | $0 | -$24K | -$165K | -$71K | $66K | $20K | -$80K | -$42K | $19K | $0 |
| Income Before Tax (EBT) | -$6.68M | -$2.13M | -$2.96M | -$7.56M | -$1.93M | -$1.11M | -$97K | -$94K | -$84K | -$100K | -$140K | -$332K | -$1.75M | -$479K | -$711K | -$139K | -$7K | -$195K | -$81K | $274K | -$268K | -$603K | -$229K | $0 | $0 |
| Income Tax Expense | $0 | $0 | $0 | -$252K | $0 | $0 | $0 | $0 | -$2 | $0 | -$180 | $0 | $1.59M | $0 | $0 | $235 | $199K | $0 | -$2K | -$197K | $0 | $104K | -$81K | $19K | $24K |
| Net Income | -$6.68M | -$2.13M | -$2.96M | -$7.56M | -$1.93M | -$1.11M | -$97K | -$94K | -$84K | -$100K | -$140K | -$332K | -$1.75M | -$479K | -$711K | -$773K | -$426K | -$195K | -$78K | $471K | -$268K | -$707K | -$148K | -$19K | -$24K |
| Net Income Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -39.8% | -14.7% | -5.2% | 27.7% | -21.5% | -30.3% | -6.5% | -613.4% | - |
| Supplementary Data | |||||||||||||||||||||||||
| EPS | -0.20 | -0.08 | -0.12 | -0.31 | -0.14 | -0.21 | -0.03 | -0.04 | -0.04 | -0.06 | -0.34 | -0.85 | -17.05 | -4.85 | -12.70 | -41.65 | -47.80 | -21.85 | -8.80 | 60.00 | -37.65 | -105.20 | -22.10 | -21.60 | -32.05 |
| Diluted EPS | -0.20 | -0.08 | -0.12 | -0.31 | -0.14 | -0.21 | -0.03 | -0.04 | -0.04 | -0.06 | -0.34 | -0.85 | -17.00 | -4.85 | -12.70 | -41.65 | -47.80 | -21.85 | -8.80 | 40.00 | -37.65 | -105.20 | -22.10 | -21.60 | -32.05 |
| Weighted Average OS | 49.25M | 35.77M | 34.89M | 34.08M | 19.20M | 7.52M | 4.03M | 3.37M | 2.70M | 930,200 | 588,200 | 555,400 | 144,517 | 138,277 | 78,653 | 26,040 | 12,523 | 12,523 | 12,464 | 12,149 | 9,992 | 9,429 | 9,380 | 1,250 | 1,055 |
| EBITDA | -$6.75M | -$2.1M | -$3.07M | -$9.06M | -$3.29M | -$1.15M | -$88K | -$82K | -$66K | -$53 | $64K | -$132K | -$1.71M | -$478K | -$711K | -$139K | $23K | $109K | $197K | $441K | -$148K | -$411K | -$116K | -$19K | -$31K |
| EBITDA Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.2% | 8.2% | 13.0% | 25.9% | -11.9% | -17.6% | -5.1% | -611.5% | - |
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 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Period Ending | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 | 2015-11-30 | 2014-11-30 | 2013-11-30 | 2012-11-30 | 2011-11-30 | 2010-11-30 | 2009-11-30 | 2008-11-30 | 2007-11-30 | 2006-11-30 | 2005-11-30 | 2004-11-30 | 2003-11-30 | 2002-06-30 | 2001-06-30 |
| Assets | |||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||
| Cash and Cash Equivalents | $22.57M | $9.75M | $2.54M | $6.67M | $11.22M | $4.37M | $8K | $42K | $6K | $42K | $27K | $121K | $10K | $39K | $727K | $85K | $0 | $1K | $26K | $79K | $22K | $0 | $0 | $188K | $207K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $22.57M | $9.75M | $2.54M | $6.67M | $11.22M | $4.37M | $8K | $42K | $6K | $42K | $27K | $121K | $13K | $39K | $727K | $85K | $0 | $1K | $26K | $79K | $22K | $0 | $10K | $188K | $207K |
| Accounts Receivable | $113K | $11K | $4K | $10K | $0 | $16K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29K | $102K | $14K | $27K | $31K | $43K | $250K | $205K | $271K | $242K | $788 | $2K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4 | -$1 | -$5 | $0 | $0 | $0 | $78K | $148K | $137K | $154K | $114K | $277K | $351K | $0 | $0 |
| Other Current Assets | $7K | $0 | $0 | $10K | $0 | $16K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $106K | $124K | $79K | $0 | $133K | $0 | $0 |
| Total Current Assets | $24.03M | $9.93M | $2.6M | $6.85M | $12.02M | $4.45M | $17K | $55K | $15K | $51K | $31K | $123K | $15K | $103K | $838K | $99K | $106K | $296K | $321K | $651K | $429K | $562K | $736K | $190K | $210K |
| Long-Term Assets | |||||||||||||||||||||||||
| Property, Plant & Equipment Net | $151K | $133K | $190K | $59.37M | $55.84M | $78K | $581 | $2K | $2K | $0 | $0 | $0 | $183K | $1.78M | $1.21M | $90K | $1.16M | $1.17M | $1.33M | $1.1M | $1.25M | $1.32M | $837K | $0 | $0 |
| 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 |
| Intangible 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 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $199K | $199K | $197K | $0 | $0 | $104K | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7K | $0 | $0 | $0 | $0 | $0 | $25K | $49K | $74K | $263K | $91K | $0 | $0 |
| Total Long-Term Assets | $151K | $133K | $190K | $59.37M | $55.84M | $78K | $581 | $2K | $2K | $0 | $0 | $0 | $187K | $1.78M | $1.21M | $90K | $1.16M | $1.37M | $1.55M | $1.35M | $1.33M | $1.58M | $1.03M | $3K | $3K |
| 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 |
| Total Assets | $24.18M | $10.06M | $2.79M | $66.22M | $67.86M | $4.52M | $18K | $57K | $17K | $51K | $31K | $123K | $202K | $1.88M | $2.04M | $189K | $1.27M | $1.67M | $1.87M | $2M | $1.75M | $2.14M | $1.77M | $192K | $212K |
| Liabilities | |||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||
| Accounts Payable | $0 | $207K | $150K | $2K | $0 | $77K | $0 | $0 | $0 | $0 | $0 | $0 | $130K | $0 | $0 | $0 | $0 | $181K | $341K | $471K | $438K | $976K | $386K | $12K | $13K |
| Short-Term Debt | $71K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $520K | $449K | $616K | $788K | $987K | $769K | $229K | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | -$169 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $319K | $0 | $150K | $1.51M | $179K | $0 | $855 | $24K | $17K | $69K | $12K | $0 | $138K | $74K | $175K | $62K | $301K | $0 | $38K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $493K | $250K | $187K | $1.57M | $201K | $105K | $157K | $99K | $83K | $69K | $90K | $42K | $138K | $74K | $175K | $62K | $821K | $1.01M | $995K | $1.26M | $1.42M | $1.75M | $631K | $12K | $13K |
| Long-Term Liabilities | |||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $541K | $328K | $346K | $163K | $293K | $396K | $498K | $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 | $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 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $85K | $1.61M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7K | $14K | $21K | $29K | $36K | $0 | $0 |
| Total Long-Term Liabilities | $54K | $38K | $74K | $196K | $1.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $541K | $328K | $353K | $178K | $315K | $425K | $533K | $0 | $0 |
| Other 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 |
| Total Liabilities | $547K | $288K | $261K | $1.77M | $1.94M | $105K | $157K | $99K | $83K | $69K | $90K | $42K | $138K | $74K | $175K | $62K | $1.36M | $1.34M | $1.35M | $1.44M | $1.74M | $2.17M | $1.16M | $12K | $13K |
| Stockholders' Equity | |||||||||||||||||||||||||
| Preferred Stock | $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 |
| Common Stock | $100.6M | $81.81M | $72.44M | $72.44M | $70.31M | $9.35M | $4.46M | $4.46M | $4.34M | $4.3M | $4.16M | $4.16M | $3.83M | $3.83M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $224K | $224K |
| Retained Earnings | -$82.15M | -$75.55M | -$73.42M | -$15.69M | -$8.12M | -$6.19M | -$5.08M | -$4.98M | -$4.89M | -$4.8M | -$4.7M | -$4.56M | -$4.23M | -$2.47M | -$2M | -$1.28M | -$1.5M | -$1.08M | -$880K | -$802K | -$1.27M | -$1.01M | -$298K | -$43K | -$24K |
| Comprehensive Income & Other | $4.39M | -$145K | $3.5M | $7.69M | $3.43M | $945K | $479K | $479K | $479K | $479K | $479K | $479K | $450K | $450K | $445K | $48K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $5.19M | $3.52M | $3.5M | $7.69M | $3.74M | $1.26M | $479K | $479K | $479K | $479K | $479K | $479K | $461K | $450K | $3.87M | $1.41M | $1.41M | $1.41M | $1.41M | $1.37M | $1.29M | $975K | $902K | $0 | $0 |
| Total Equity | $23.64M | $9.77M | $2.53M | $64.45M | $65.93M | $4.42M | -$140K | -$43K | -$66K | -$17K | -$59K | $81K | $65K | $1.81M | $1.87M | $127K | -$96K | $331K | $526K | $563K | $15K | -$30K | $603K | $180K | $199K |
| Minority Interest | $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 Liabilities and Equity | $24.18M | $10.06M | $2.79M | $66.22M | $67.86M | $4.52M | $18K | $57K | $17K | $51K | $31K | $123K | $202K | $1.88M | $2.04M | $189K | $1.27M | $1.67M | $1.87M | $2M | $1.75M | $2.14M | $1.77M | $192K | $212K |
| Supplementary Data | |||||||||||||||||||||||||
| Total Debt | $125K | $81K | $111K | $173K | $153K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.06M | $777K | $962K | $952K | $1.28M | $1.17M | $727K | $0 | $0 |
| Net Debt | -$22.45M | -$9.67M | -$2.43M | -$6.5M | -$11.07M | -$4.37M | -$8K | -$42K | -$6K | -$42K | -$27K | -$121K | -$10K | -$39K | -$727K | -$85K | $1.06M | $776K | $936K | $872K | $1.26M | $1.17M | $727K | -$188K | -$207K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Period Ending | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 | 2015-11-30 | 2014-11-30 | 2013-11-30 | 2012-11-30 | 2011-11-30 | 2010-11-30 | 2009-11-30 | 2008-11-30 | 2007-11-30 | 2006-11-30 | 2005-11-30 | 2004-11-30 | 2003-11-30 | 2002-06-30 | 2001-06-30 |
| Operating Activities | |||||||||||||||||||||||||
| Net Income | -$6.68M | -$2.13M | -$3K | -$7.56M | -$1.93M | -$1.11M | -$97K | -$94K | -$84K | -$99K | -$141K | -$332K | -$1.75M | -$479K | -$711K | -$139K | -$427K | -$195K | -$78K | $471K | -$268K | -$707K | -$148K | -$19K | -$24K |
| Depreciation & Amortization | $102K | $99K | $99K | $95K | $7K | $704 | $2K | $237 | $182 | $85K | $183K | $183K | $341 | $973 | $0 | $0 | $108K | $165K | $206K | $232K | $140K | $113K | $70K | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | -$1.7M | -$1.24M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $199K | $0 | -$2K | -$197K | $0 | $104K | -$81K | $0 | $0 |
| Stock-Based Compensation | $1.52M | $29K | $114 | $980 | $1K | $466 | $0 | $0 | $0 | $0 | $515 | $0 | $0 | $0 | $375K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||
| Accounts Receivable | -$102K | -$7K | $5K | -$386K | -$23K | -$14K | $4K | -$4K | $1K | $1K | -$3K | $1 | $27 | $0 | $0 | -$14K | $4K | $12K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $70K | -$11K | $17K | -$41K | $163K | $74K | -$117K | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $182K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$1.07M | -$66K | -$5K | $1.92M | -$1.11M | -$70K | $58K | $16K | $14K | -$27K | $49K | $0 | $35 | $0 | $0 | -$33K | -$146K | $97K | $161K | -$56K | $49K | $479K | $241K | $0 | $0 |
| Total Working Capital Change | -$1.17M | -$73K | $101 | $1.53M | -$1.13M | -$84K | $62K | $12K | $15K | -$26K | $46K | -$88K | $156K | $23K | -$99K | -$47K | -$72K | $99K | $178K | -$97K | $212K | $553K | $124K | -$19 | $9K |
| Other Non-Cash Items | $1.48M | $35K | -$100K | $445K | $1.38M | -$39K | $178 | $5K | $0 | -$87K | -$183K | -$2K | $1.55M | $0 | $0 | $0 | -$24K | $102K | -$13K | -$5K | -$9K | $31K | $10K | $0 | $0 |
| Net Cash from Operating | -$6.27M | -$2.04M | -$4K | -$6.3M | -$2.92M | -$770K | -$34K | -$82K | -$69K | -$127K | -$94K | -$239K | -$43K | -$455K | -$435K | -$187K | -$190K | $171K | $290K | $405K | $74K | $94K | -$24K | -$19K | -$15K |
| Investing Activities | |||||||||||||||||||||||||
| Capital Expenditures | -$11K | -$6K | -$3 | -$322K | -$25.79M | -$78K | -$1K | $0 | -$2K | $0 | $0 | -$8K | -$28K | -$671K | -$190K | -$88K | -$95K | -$10K | -$393K | -$65K | -$58K | -$576K | -$516K | $0 | $0 |
| Acquisitions | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $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 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | -$3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5 | $36K | $0 | -$815K | $0 | $0 | $0 | $18K | -$45K | $94K | -$31K | $143K | $0 | $23K |
| Net Cash from Investing | -$10K | -$6K | -$3K | -$322K | -$25.79M | -$78K | -$1K | $0 | -$2K | $0 | $0 | -$3K | $8K | -$671K | -$818K | -$88K | -$95K | -$10K | -$376K | -$110K | $36K | -$608K | -$374K | $0 | $23K |
| Financing Activities | |||||||||||||||||||||||||
| Debt Repaid | $66K | $70K | $63 | $49K | $4K | - | - | - | - | - | - | - | - | - | - | - | -$142K | $203K | -$32K | $329K | $387K | -$474K | -$159K | - | - |
| Common Stock Issuance | $19.14M | $9.62M | $0 | $2.04M | $35.23M | $5.15M | $0 | $118K | $35K | $141K | $0 | $385K | $11K | $468K | $1.95M | $362K | $0 | $0 | $0 | $93K | $186K | $41K | $333K | $0 | $214K |
| Common Stock Repurchases | $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 |
| 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 |
| Other Financing Activities | -$91K | -$278K | -$20 | $2.01M | $330K | $53K | $0 | $0 | $0 | $0 | $0 | -$31K | -$5K | -$29K | -$56K | -$3K | -$283K | $0 | $0 | -$2K | $113K | -$2K | -$1K | $0 | -$61K |
| Net Cash from Financing | $19.05M | $9.28M | -$83 | $1.96M | $35.56M | $5.21M | $0 | $118K | $35K | $141K | $0 | $353K | $6K | $438K | $1.9M | $359K | $283K | -$185K | $32K | -$238K | -$88K | $514K | $491K | $0 | $152K |
| Forex Effect | $79K | -$10K | $3K | $107K | $11K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $12.85M | $7.21M | -$4.13M | -$4.55M | $6.86M | $4.36M | -$35K | $36K | -$35K | $15K | -$94K | $111K | -$29K | -$688K | $642K | $86K | -$2K | -$25K | -$53K | $57K | $22K | $0 | $93K | -$19K | $161K |
| Supplementary Data | |||||||||||||||||||||||||
| Operating Cash Flow | -$6.27M | -$2.04M | -$4K | -$6.3M | -$2.92M | -$770K | -$34K | -$82K | -$69K | -$127K | -$94K | -$239K | -$43K | -$455K | -$435K | -$187K | -$190K | $171K | $290K | $405K | $74K | $94K | -$24K | -$19K | -$15K |
| Capital Expenditure | -$11K | -$6K | -$3 | -$322K | -$25.79M | -$78K | -$1K | $0 | -$2K | $0 | $0 | -$8K | -$28K | -$671K | -$190K | -$88K | -$95K | -$10K | -$393K | -$65K | -$58K | -$576K | -$516K | $0 | $0 |
| Free Cash Flow | -$6.28M | -$2.05M | -$4.05M | -$6.62M | -$28.71M | -$848K | -$35K | -$82K | -$71K | -$127K | -$94K | -$246K | -$71K | -$1.13M | -$625K | -$274K | -$285K | $160K | -$103K | $340K | $16K | -$483K | -$540K | -$19K | -$15K |
| Cash at Beginning | $9.72M | $2.54M | $7K | $11.22M | $4.37M | $8K | $42K | $6K | $42K | $27K | $121K | $10K | $39K | $727K | $85K | -$921 | $1K | $26K | $79K | $22K | $0 | $0 | -$191K | $207K | $47K |
| Cash at End | $22.57M | $9.75M | $2.54M | $6.67M | $11.22M | $4.37M | $8K | $42K | $6K | $42K | $27K | $121K | $10K | $39K | $727K | $85K | -$921 | $1K | $26K | $79K | $22K | $0 | -$98K | $188K | $207K |