ASPEN GROUP, INC. (ASPU)
Aspen Group, Inc. functions as an education technology enterprise, concentrating on providing virtual higher education offerings throughout the United States. The company delivers an extensive array of academic qualifications, encompassing undergraduate, graduate, and doctoral degrees. These programs cover diverse fields such as nursing and health sciences, business and technology, liberal arts and sciences, and pedagogical studies. All these educational pathways are accessible through its two affiliated institutions: Aspen University and United States University. Founded in 1987, Aspen Group, Inc. had a student population of 13,334 individuals actively pursuing degrees as of April 30, 2022. The firm maintains its operational base in New York, New York.
Sector: Services-Educational Services
Industry: Education & Training Services
Aspen Group, Inc.
OTC:ASPUConsumer Defensive · Education & Training Services
-4.55%$0.2100
Mkt Cap$5.35M
Float23.45M
O/S25.46M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$43.31M
Net Income-$1.84M
Total Assets$60.16M
Free Cash Flow$2.31M
Debt & Equity
Debt 38%
Equity 62%
Preferred 0%
Total Debt$17.73M
Total Equity$29.2M
Preferred Stock$10
Shares Outstanding
Short Interest
Split History2 splits · 1 reverse
- 1:12Reverse splitJan 10, 201712 shares → 1
- 12:1Forward splitJun 22, 20111 share → 12
Balance Sheet Details
Assets$60.16M
Liabilities$30.97M
Accounts Receivable$12.75M
Accounts Payable$3.13M
Inventory$0
PP&E (Net)$7.76M
Goodwill$5.01M
Intangible Assets$8.09M
Income Statement
| Period | FY 2026 | 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 | USD |
| Period Ending | 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 | 2020-04-30 | 2019-04-30 | 2018-04-30 | 2017-04-30 | 2016-04-30 | 2015-04-30 | 2014-04-30 | 2013-04-30 | 2012-02-29 | 2011-02-28 | 2010-02-28 |
| Revenue | $43.31M | $45.3M | $51.4M | $66.32M | $76.69M | $67.81M | $49.06M | $34.03M | $22.02M | $14.25M | $8.45M | $5.23M | $3.98M | $5.02M | $0 | $0 | $0 |
| YoY Growth | -4.4% | -11.9% | -22.5% | -13.5% | 13.1% | 38.2% | 44.2% | 54.5% | 54.6% | 68.5% | 61.8% | 31.2% | -20.6% | - | - | - | - |
| Cost of Revenue | $11.85M | $15.25M | $19.95M | $30.8M | $35.26M | $29.45M | $19.14M | $15.98M | $9.85M | $5.06M | $3.59M | $2.18M | $1.86M | $0 | $0 | $0 | $0 |
| Gross Profit | $31.46M | $30.06M | $31.44M | $35.53M | $41.44M | $38.36M | $29.93M | $18.05M | $12.17M | $9.19M | $4.87M | $3.05M | $2.12M | $5.02M | $0 | $0 | $0 |
| Gross Margin | 72.6% | 66.3% | 61.2% | 53.6% | 54.0% | 56.6% | 61.0% | 53.0% | 55.3% | 64.5% | 57.6% | 58.4% | 53.3% | 100.0% | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $28.94M | $28.84M | $35.59M | $41.1M | $45.53M | $41.91M | $30.33M | $24.99M | $16.33M | $9.41M | $6.4M | $5.92M | $6.3M | $6.85M | $27K | $10K | $14K |
| Other | $0 | $0 | $0 | $0 | $3.37M | $2.43M | $2.2M | $2.17M | $1.09M | $14K | $10K | $9K | $621 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $28.94M | $28.84M | $35.59M | $41.1M | $48.91M | $44.33M | $32.53M | $27.16M | $17.42M | $9.97M | $7M | $6.45M | $6.9M | $6.85M | $27K | $10K | $14K |
| Operating Income (EBIT) | $2.52M | $1.22M | -$4.15M | -$5.57M | -$8.97M | -$8.24M | -$2.61M | -$9.11M | -$5.25M | -$782K | -$2.14M | -$3.4M | -$4.78M | $0 | -$27K | -$10K | -$14K |
| Operating Margin | 5.8% | 2.7% | -8.1% | -8.4% | -11.7% | -12.2% | -5.3% | -26.8% | -23.9% | -5.5% | -25.3% | -65.1% | -120.0% | - | - | - | - |
| Interest Expense | $1.13M | $1.37M | $4.98M | $2.65M | $719K | $2.05M | $1.82M | $445K | $2.01M | $338K | $121K | $422K | $660K | $365K | $644 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $0 | $0 | $0 |
| Other Income (Expense) | -$4.31M | -$2.7M | -$9.35M | -$2.64M | -$188K | -$2.17M | -$1.57M | -$168K | -$1.81M | -$323K | -$111K | -$865K | -$658K | -$1.06M | -$644 | $0 | $0 |
| Income Before Tax (EBT) | -$1.79M | -$1.49M | -$13.5M | -$8.21M | -$9.16M | -$10.42M | -$5.61M | -$9.28M | -$7.06M | -$1.11M | -$2.25M | -$4.27M | -$5.44M | -$6.01M | -$28K | -$10K | -$14K |
| Income Tax Expense | $45K | $56K | $78K | $137K | $427K | $33K | $52K | $168K | -$53K | $0 | $0 | $0 | $0 | $6.01M | $0 | $0 | $0 |
| Net Income | -$1.84M | -$1.54M | -$13.58M | -$8.35M | -$9.59M | -$10.45M | -$5.66M | -$9.45M | -$7.01M | -$1.11M | -$2.25M | -$4.27M | -$5.35M | -$6.01M | -$28K | -$10K | -$14K |
| Net Income Margin | -4.2% | -3.4% | -26.4% | -12.6% | -12.5% | -15.4% | -11.5% | -27.8% | -31.8% | -7.8% | -26.6% | -81.7% | -134.4% | -119.8% | - | - | - |
| Supplementary Data | |||||||||||||||||
| EPS | -0.07 | -0.07 | -0.53 | -0.33 | -0.38 | -0.44 | -0.29 | -0.51 | -0.49 | -0.08 | -0.20 | -0.51 | -1.04 | -0.99 | -0.01 | -0.00 | -0.00 |
| Diluted EPS | -0.07 | -0.07 | -0.53 | -0.33 | -0.38 | -0.44 | -0.29 | -0.51 | -0.49 | -0.08 | -0.20 | -0.51 | -1.04 | -0.99 | -0.01 | -0.00 | -0.00 |
| Weighted Average OS | 30.31M | 27.14M | 25.59M | 25.33M | 25.02M | 23.76M | 19.71M | 18.41M | 14.22M | 13.50M | 11.25M | 8.41M | 5.17M | 6.10M | 4.08M | 3.77M | 3.77M |
| EBITDA | $5.03M | $2.94M | -$4.8M | -$1.85M | -$5.07M | -$5.94M | -$1.59M | -$6.66M | -$3.96M | -$211K | -$1.53M | -$3.32M | -$4.3M | -$5.25M | -$27K | -$10K | -$4K |
| EBITDA Margin | 11.6% | 6.5% | -9.3% | -2.8% | -6.6% | -8.8% | -3.2% | -19.6% | -18.0% | -1.5% | -18.1% | -63.5% | -108.0% | -104.6% | - | - | - |
Balance Sheet
| Period | FY 2026 | 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 | USD |
| Period Ending | 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 | 2020-04-30 | 2019-04-30 | 2018-04-30 | 2017-04-30 | 2016-04-30 | 2015-04-30 | 2014-04-30 | 2013-04-30 | 2012-02-29 | 2011-02-28 | 2010-02-28 |
| Assets | |||||||||||||||||
| Current Assets | |||||||||||||||||
| Cash and Cash Equivalents | $1.32M | $1.07M | $2.62M | $5.72M | $6.48M | $13.67M | $14.35M | $9.52M | $14.61M | $2.76M | $784K | $2.16M | $247K | $479K | $511 | $12K | $9K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.32M | $1.07M | $2.62M | $5.72M | $6.48M | $13.67M | $14.35M | $9.52M | $14.61M | $2.76M | $784K | $2.16M | $247K | $479K | $511 | $12K | $9K |
| Accounts Receivable | $12.75M | $17.17M | $19.69M | $19.23M | $24.36M | $16.72M | $14.35M | $10.66M | $6.99M | $5.42M | $2.18M | $1.06M | $650K | $327K | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $7.79M | $0 | $4.5M | $448K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $513K | $518K | $1.79M | $3.07M | -$610K | $69K | -$769K | -$448K | $0 | $0 | $0 | $0 | $5K | $449K | $0 | $0 | $0 |
| Total Current Assets | $14.98M | $19.2M | $24.59M | $28.63M | $39.38M | $31.54M | $33.37M | $21.04M | $21.99M | $8.31M | $3.09M | $4.46M | $1.82M | $1.41M | $511 | $12K | $9K |
| Long-Term Assets | |||||||||||||||||
| Property, Plant & Equipment Net | $7.76M | $13.89M | $19.83M | $25.79M | $26.14M | $25.37M | $12.56M | $4.39M | $2.86M | $1.45M | $1.15M | $1.21M | $1.28M | $1.27M | $0 | $0 | $0 |
| Goodwill | $5.01M | $5.01M | $5.01M | $5.01M | $5.01M | $5.01M | $5.01M | $5.01M | $5.01M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $8.09M | $8.16M | $8.26M | $8.19M | $8.17M | $8.1M | $8.01M | $8.7M | $9.78M | $145K | $195K | $173K | $109K | $219K | $0 | $0 | $0 |
| Long-Term Investments | $23.81M | $19.85M | $17.53M | $13M | $11.41M | $10.3M | $6.75M | $3.13M | $1.36M | $703K | $45K | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $8.19M | -$11.41M | -$10.3M | -$6.75M | -$3.13M | -$1.36M | -$703K | -$45K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $497K | $658K | $719K | $234K | $12.35M | $10.79M | $7.28M | $4.06M | $1.95M | $759K | $77K | $72K | $378K | $296K | $0 | $0 | $0 |
| Total Long-Term Assets | $45.18M | $47.56M | $51.35M | $52.24M | $51.68M | $49.27M | $32.87M | $22.17M | $19.6M | $2.36M | $1.42M | $1.46M | $1.77M | $1.78M | $0 | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $60.16M | $66.77M | $75.95M | $80.87M | $91.07M | $80.81M | $66.24M | $43.2M | $41.59M | $10.67M | $4.51M | $5.92M | $3.58M | $3.19M | $511 | $12K | $9K |
| Liabilities | |||||||||||||||||
| Current Liabilities | |||||||||||||||||
| Accounts Payable | $3.13M | $2.06M | $2.31M | $2.25M | $1.89M | $1.47M | $1.51M | $1.7M | $2.23M | $757K | $9K | $179K | $455K | $258K | $0 | $4K | $0 |
| Short-Term Debt | $4.71M | $4.81M | $4.89M | $7.5M | $0 | $0 | $0 | $50K | $1.05M | $50K | $50K | $50K | $1.96M | $200K | $20K | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $500K | $400K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $2.19M | $2.54M | $4.88M | $2.98M | $5.89M | $6.83M | $3.71M | $2.46M | $1.81M | $1.35M | $1.01M | $785K | $654K | $1.14M | $0 | $0 | $0 |
| Other Current Liabilities | $5.78M | $5.45M | $6M | $3.71M | $5.55M | $3.85M | $3.07M | $1.92M | $1.23M | $444K | $199K | $384K | $301K | $133K | $1K | $0 | $4K |
| Total Current Liabilities | $15.82M | $16.42M | $19.64M | $17.82M | $16.84M | $15.42M | $10.36M | $6.35M | $6.78M | $2.75M | $1.36M | $1.48M | $3.52M | $1.83M | $21K | $4K | $4K |
| Long-Term Liabilities | |||||||||||||||||
| Long-Term Debt | $3.93M | $5.22M | $6.78M | $9.95M | $14.88M | $0 | $8.45M | $9.65M | $1M | $0 | $1.3M | $1.84M | $1.84M | $850K | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $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 |
| Other Long-Term Liabilities | $2.13M | $1.75M | $2.25M | $0 | $0 | $0 | $0 | $746K | $77K | $87K | $29K | $0 | $8K | $20K | $0 | $0 | $0 |
| Total Long-Term Liabilities | $15.15M | $19.38M | $24.03M | $27.5M | $31.69M | $16.3M | $14.13M | $10.39M | $1.08M | $87K | $1.33M | $1.84M | $1.85M | $871K | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $30.97M | $35.8M | $43.67M | $45.32M | $48.52M | $31.72M | $24.49M | $16.74M | $7.85M | $2.83M | $2.69M | $3.32M | $5.37M | $2.7M | $21K | $4K | $4K |
| Stockholders' Equity | |||||||||||||||||
| Preferred Stock | $10 | $10 | $10 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $32K | $28K | $26K | $26K | $25K | $25K | $22K | $19K | $18K | $14K | $135K | $128K | $73K | $57K | $49K | $1K | $900 |
| Retained Earnings | -$93.05M | -$91.22M | -$89.67M | -$76.09M | -$67.74M | -$58.16M | -$47.71M | -$42.05M | -$32.77M | -$25.71M | -$24.61M | -$22.36M | -$18.09M | -$12.29M | -$42K | -$14K | -$4K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.32M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $122.22M | $122.15M | $121.92M | $111.61M | $110.26M | $107.22M | $89.44M | $68.49M | $66.49M | $33.54M | $26.28M | $24.83M | $16.23M | $12.72M | -$28K | $20K | $8K |
| Total Equity | $29.2M | $30.97M | $32.28M | $35.55M | $42.55M | $49.09M | $41.75M | $26.46M | $33.73M | $7.84M | $1.81M | $2.6M | -$1.78M | $490K | -$21K | $7K | $5K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $60.16M | $66.77M | $75.95M | $80.87M | $91.07M | $80.81M | $66.24M | $43.2M | $41.59M | $10.67M | $4.51M | $5.92M | $3.58M | $3.19M | $511 | $12K | $9K |
| Supplementary Data | |||||||||||||||||
| Total Debt | $17.73M | $22.43M | $26.67M | $35M | $33.72M | $18.33M | $15.82M | $9.7M | $2.05M | $50K | $1.35M | $1.89M | $3.81M | $1.05M | $20K | $0 | $0 |
| Net Debt | $16.41M | $21.36M | $24.05M | $29.28M | $27.24M | $4.66M | $1.47M | $177K | -$12.56M | -$2.71M | $568K | -$265K | $3.56M | $571K | $20K | -$12K | -$9K |
Cash Flow Statement
| Period | FY 2026 | 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 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 | 2020-04-30 | 2019-04-30 | 2018-04-30 | 2017-04-30 | 2016-04-30 | 2015-04-30 | 2014-04-30 | 2012-02-29 | 2011-02-28 | 2010-02-28 |
| Operating Activities | ||||||||||||||||
| Net Income | -$1.84M | -$1.54M | -$13.58M | -$8.35M | -$9.59M | -$10.45M | -$5.66M | -$9.28M | -$7.06M | -$1.11M | -$2.25M | -$4.27M | -$5.44M | -$28K | -$10K | -$14K |
| Depreciation & Amortization | $2.52M | $3.06M | $3.72M | $3.71M | $3.37M | $2.43M | $2.2M | $2.17M | $1.09M | $557K | $598K | $528K | $475K | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $7.02M | $1.39M | $854K | $510K | $250K | $225K | $906K | $312K | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $2.53M | $3.96M | $2.12M | $1.19M | $643K | $338K | $308K | $457K | $608K | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||
| Accounts Receivable | -$4.31M | -$1.74M | -$4.19M | $1.83M | -$9.16M | -$8.22M | -$8.72M | -$6.48M | -$3.36M | -$2.97M | -$1.29M | -$463K | -$440K | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $1.47M | $1.16M | $426K | $845K | $203K | -$166K | -$54K | $66K | $0 | $0 | $0 |
| Accounts Payable | $1.08M | -$256K | $60K | $358K | $427K | -$39K | -$193K | -$528K | $1.32M | $748K | -$170K | -$276K | $141K | $0 | $0 | $0 |
| Other Working Capital | -$1.45M | -$1.45M | $2.29M | -$6.04M | -$1.16M | $4.56M | $1.26M | $1.26M | -$508K | $330K | $248K | $116K | -$227K | $0 | $0 | $0 |
| Total Working Capital Change | -$4.68M | -$3.46M | -$1.84M | -$3.85M | -$9.89M | -$3.67M | -$6.5M | -$5.32M | -$1.7M | -$1.69M | -$1.38M | -$677K | -$460K | -$4K | $500 | $4K |
| Other Non-Cash Items | $6.9M | $3.14M | $8.03M | $4.09M | $2.3M | $1.71M | $701K | $166K | $910K | $165K | $50K | $312K | $835K | -$28K | $50 | $650 |
| Net Cash from Operating | $2.9M | $1.19M | -$3.66M | -$4.4M | -$11.28M | $986K | -$5.75M | -$10.22M | -$5.61M | -$1.49M | -$2.44M | -$2.74M | -$3.66M | -$32K | -$9K | -$9K |
| Investing Activities | ||||||||||||||||
| Capital Expenditures | -$647K | -$1.02M | -$1.33M | -$2.6M | -$4.33M | -$8.98M | -$3.29M | -$2.62M | -$1.89M | -$813K | -$558K | -$523K | -$393K | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.59M | $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 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$92K | $763K | -$900K | $1.12M | -$254K | -$603K | $0 | $0 | $0 |
| Net Cash from Investing | -$647K | -$1.02M | -$1.33M | -$2.6M | -$4.33M | -$8.98M | -$3.29M | -$2.62M | -$3.71M | -$1.71M | $565K | -$777K | -$996K | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||||
| Debt Repaid | $2M | $1.72M | -$1.89M | $200K | -$15M | - | - | -$7.94M | $351K | $1.3M | $242K | $2.27M | -$2.61M | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $10K | $191K | $3.75M | $16.07M | $7.37M | $23.02M | $7.5M | $0 | $5.55M | $750K | $0 | $12K | $21K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7.37M | $0 | $0 | -$6K | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | -$335K | $0 | $911K | $65K | -$1.49M | -$60K | $994K | $2.14M | $756K | $0 | $0 | $0 |
| Net Cash from Financing | -$2M | -$1.72M | $1.89M | -$190K | $14.86M | $3.75M | $16.98M | $8M | $21.18M | $5.17M | $504K | $5.43M | $4.11M | $20K | $12K | $21K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $69K | $0 | $0 | $0 |
| Net Change in Cash | $248K | -$1.54M | -$3.11M | -$7.19M | -$750K | -$4.24M | $7.94M | -$4.84M | $11.86M | $1.97M | -$1.38M | $1.91M | -$478K | -$11K | $3K | $12K |
| Supplementary Data | ||||||||||||||||
| Operating Cash Flow | $2.9M | $1.19M | -$3.66M | -$4.4M | -$11.28M | $986K | -$5.75M | -$10.22M | -$5.61M | -$1.49M | -$2.44M | -$2.74M | -$3.66M | -$32K | -$9K | -$9K |
| Capital Expenditure | -$586K | -$961K | -$1.15M | -$2.6M | -$4.33M | -$8.98M | -$3.29M | -$2.62M | -$1.89M | -$813K | -$558K | -$523K | -$393K | $0 | $0 | $0 |
| Free Cash Flow | $2.31M | $234K | -$4.81M | -$7M | -$15.61M | -$7.99M | -$9.04M | -$12.84M | -$7.49M | -$2.3M | -$3M | -$3.26M | -$4.06M | -$32K | -$9K | -$9K |
| Cash at Beginning | $1.07M | $2.62M | $5.72M | $12.92M | $13.67M | $17.91M | $9.97M | $14.8M | $2.76M | $784K | $2.16M | $247K | $725K | $12K | $9K | $0 |
| Cash at End | $1.32M | $1.07M | $2.62M | $5.72M | $12.92M | $13.67M | $17.91M | $9.97M | $14.61M | $2.76M | $784K | $2.16M | $247K | $511 | $12K | $12K |