BLUE DOLPHIN ENERGY CO (BDCO)
Blue Dolphin Energy Company specializes in the refinement and distribution of petroleum products across the United States. The firm's activities are divided into two core segments: Refinery Operations, and Tolling and Terminaling. Through its Refinery Operations, BDCO manufactures finished products, notably jet fuel, as well as a range of intermediate products like naphtha, heavy oil-based mud blendstock, and atmospheric gas oil. Additionally, the company provides tolling and terminaling services for external clients at its Nixon facility. Established in 1986, this Houston, Texas-based enterprise operates as a subsidiary of Lazarus Energy Holdings, LLC.
Sector: Crude Petroleum & Natural Gas
Industry: Oil & Gas Refining & Marketing
Blue Dolphin Energy Company
OTC:BDCOEnergy · Oil & Gas Refining & Marketing
-3.85%$12.25
Mkt Cap$182.79M
Float1.62M
O/S14.92M
Inst Own-
SI0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$279.38M
Net Income-$5.6M
Total Assets$107.54M
Free Cash Flow-$779K
Debt & Equity
Debt 64%
Equity 36%
Total Debt$47.77M
Total Equity$27.36M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:7Reverse splitJul 16, 20107 shares → 1
Balance Sheet Details
Assets$107.54M
Liabilities$71.71M
Accounts Receivable$8.34M
Accounts Payable$12.26M
Inventory$30.89M
PP&E (Net)$50.2M
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 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 |
| Revenue | $279.38M | $317.52M | $396.05M | $487.5M | $300.82M | $174.81M | $309.26M | $340.76M | $258.45M | $167.86M | $221.73M | $387.52M | $409.54M | $352.09M | $2.27M | $2.74M | $1.99M | $2.99M | $3.01M | $4.3M | $4.51M | $1.44M | $2.52M | $2.91M | $5.69M | $7.94M | $2.76M | $3.6M | $5M | $4.1M | $5.1M | $6.8M | $5.2M | $3.1M | $3.3M | $4.2M | $5.2M | $5.8M |
| YoY Growth | -12.0% | -19.8% | -18.8% | 62.1% | 72.1% | -43.5% | -9.2% | 31.8% | 54.0% | -24.3% | -42.8% | -5.4% | 16.3% | 15382.0% | -17.0% | 37.6% | -33.3% | -0.7% | -29.9% | -4.7% | 214.2% | -43.0% | -13.5% | -48.8% | -28.4% | 188.1% | -23.4% | -28.0% | 22.0% | -19.6% | -25.0% | 30.8% | 67.7% | -6.1% | -21.4% | -19.2% | -10.3% | - |
| Cost of Revenue | $270.7M | $313.63M | $351.37M | $441.43M | $299.91M | $176.86M | $297.83M | $331.94M | $249.25M | $173.8M | $204.93M | $374.69M | $410.01M | $351.03M | $1.01M | $1.1M | $1.61M | $1.97M | $2.03M | $1.58M | $1.24M | $1.21M | $1.39M | $1.36M | $1.67M | $2.35M | $2.2M | $1.7M | $1.8M | $2.4M | $2.3M | $2.5M | $1.8M | $2.3M | $2.2M | $3.3M | $4.8M | $1.8M |
| Gross Profit | $8.38M | $3.89M | $44.68M | $46.07M | $914K | -$2.05M | $11.44M | $8.82M | $9.2M | -$5.94M | $16.8M | $12.83M | -$463K | $1.06M | $1.27M | $1.64M | $382K | $1.02M | $983K | $2.71M | $3.27M | $223K | $1.13M | $1.55M | $4.01M | $5.6M | $554K | $1.9M | $3.2M | $1.7M | $2.8M | $4.3M | $3.4M | $800K | $1.1M | $900K | $400K | $4M |
| Gross Margin | 3.0% | 1.2% | 11.3% | 9.5% | 0.3% | -1.2% | 3.7% | 2.6% | 3.6% | -3.5% | 7.6% | 3.3% | -0.1% | 0.3% | 55.6% | 59.9% | 19.2% | 34.2% | 32.6% | 63.2% | 72.6% | 15.5% | 45.0% | 53.4% | 70.6% | 70.5% | 20.1% | 52.8% | 64.0% | 41.5% | 54.9% | 63.2% | 65.4% | 25.8% | 33.3% | 21.4% | 7.7% | 69.0% |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $5.29M | $6.44M | $3.67M | $2.92M | $3.02M | $2.3M | $2.66M | $3.27M | $4.02M | $2.71M | $1.53M | $1.43M | $1.79M | $2.13M | $1.57M | $1.48M | $2.19M | $2.25M | $2.18M | $1.77M | $2.71M | $2.48M | $1.69M | $2.51M | $2.85M | $2.09M | $2.06M | $1.5M | $1.4M | $1.3M | $1.4M | $1.5M | $1.4M | $1.3M | $1.3M | $1.5M | $0 | $2M |
| Other | $1.59M | $1.52M | $4.62M | $3.9M | $3.5M | $3.5M | $3.32M | $2.99M | $2.33M | $2.64M | $7.33M | $1.4M | $1.16M | $534K | $1.9M | $1.21M | $2.02M | $528K | $555K | $1M | $403K | $433K | $488K | $1.16M | $4.76M | $2M | $595K | $400K | $400K | $400K | $600K | $700K | $1M | $1M | $1.1M | $1.5M | $1.8M | $3.1M |
| Total Operating Expenses | $6.88M | $7.96M | $8.29M | $6.81M | $6.52M | $5.8M | $5.98M | $6.26M | $6.35M | $5.34M | $8.85M | $3.21M | $3.25M | $3.87M | $3.47M | $2.69M | $4.21M | $2.78M | $2.73M | $2.78M | $3.11M | $2.92M | $2.17M | $3.67M | $7.6M | $4.09M | $2.66M | $1.9M | $1.8M | $1.7M | $2M | $2.2M | $2.4M | $2.3M | $2.4M | $3M | $1.8M | $5.1M |
| Operating Income (EBIT) | $1.51M | -$4.31M | $37.95M | $39.08M | -$5.61M | -$7.85M | $5.45M | $2.56M | -$21.87M | -$12.23M | $7.6M | $9.62M | -$3.78M | -$13.43M | $621K | -$1.05M | -$4.14M | -$2.08M | -$1.87M | $332K | $162K | -$2.69M | -$1.21M | -$2.11M | -$3.59M | -$9.25M | -$51K | -$12M | $1.4M | -$100K | $800K | $2.1M | $1M | -$1.5M | -$1.3M | -$2.1M | -$1.4M | -$1.1M |
| Operating Margin | 0.5% | -1.4% | 9.6% | 8.0% | -1.9% | -4.5% | 1.8% | 0.8% | -8.5% | -7.3% | 3.4% | 2.5% | -0.9% | -3.8% | 27.3% | -38.3% | -207.9% | -69.5% | -62.1% | 7.7% | 3.6% | -187.7% | -48.1% | -72.6% | -63.1% | -116.5% | -1.8% | -333.3% | 28.0% | -2.4% | 15.7% | 30.9% | 19.2% | -48.4% | -39.4% | -50.0% | -26.9% | -19.0% |
| Interest Expense | $5.39M | $6.06M | $6.1M | $5.88M | $6.2M | $6.76M | $6.75M | $3.36M | $2.77M | $1.85M | $1.74M | $892K | $1.21M | $955K | $17K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$700K |
| Interest Income | $3K | $205K | $5.86M | $1K | $2K | $172K | $4K | $20K | $479K | $1.92M | $980K | $318K | $3K | $22K | $17K | $32K | $10K | $120K | $249K | $138K | $376K | $346K | $685K | $761K | $116K | $114K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$8.41M | -$5.86M | -$7.42M | -$5.88M | -$7.23M | -$6.59M | $1.91M | -$3.34M | -$457K | $70K | -$762K | -$579K | $58K | -$399K | $17K | $32K | -$193K | -$95K | $249K | $595K | $392K | $194K | -$429K | $1.66M | -$1.77M | $9.25M | -$158K | -$100K | $100K | $200K | $8.4M | -$600K | -$300K | $900K | $100K | $200K | -$100K | -$700K |
| Income Before Tax (EBT) | -$6.91M | -$10.16M | $30.53M | $33.2M | -$12.84M | -$14.44M | $7.36M | -$783K | -$22.33M | -$12.16M | $6.84M | $10.17M | -$3.72M | -$13.83M | $639K | -$1.02M | -$4.13M | -$1.96M | -$1.62M | $928K | $554K | -$2.39M | -$1.64M | -$455K | -$5.36M | -$30.76M | -$209K | -$12.2M | $1.5M | $200K | $9.2M | $1.5M | $700K | -$600K | -$1.2M | -$1.9M | -$1.5M | -$1.8M |
| Income Tax Expense | -$1.31M | -$1.53M | -$485K | $307K | $0 | $15K | $0 | -$260K | $2.77M | $3.61M | $2.43M | -$5.59M | $89K | $10K | $21K | $5K | $3K | $6K | $4K | $15K | $13K | -$290K | -$340K | -$2.6M | -$1.19M | $11.64M | $1.8M | -$3.1M | $500K | $100K | $1.8M | $600K | $300K | -$600K | $700K | $800K | $900K | -$1.4M |
| Net Income | -$5.6M | -$8.64M | $31.01M | $32.89M | -$19.04M | -$14.46M | $611K | -$523K | -$22.33M | -$15.77M | $4.4M | $15.76M | -$3.81M | -$18.28M | $618K | -$1.02M | -$4.14M | -$1.97M | -$1.63M | $913K | $541K | -$2.5M | -$793K | $482K | -$2.65M | -$10.14M | -$2.09M | -$9.1M | $1M | $100K | $7.4M | $1.5M | $900K | -$900K | -$2M | -$2.9M | -$2.3M | -$4.3M |
| Net Income Margin | -2.0% | -2.7% | 7.8% | 6.7% | -6.3% | -8.3% | 0.2% | -0.2% | -8.6% | -9.4% | 2.0% | 4.1% | -0.9% | -5.2% | 27.2% | -37.3% | -207.6% | -65.8% | -54.0% | 21.2% | 12.0% | -174.2% | -31.5% | 16.6% | -46.6% | -127.6% | -75.7% | -252.8% | 20.0% | 2.4% | 145.1% | 22.1% | 17.3% | -29.0% | -60.6% | -69.0% | -44.2% | -74.1% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||
| EPS | -0.38 | -0.58 | 2.08 | 2.34 | -1.50 | -1.15 | 0.05 | -0.05 | -2.09 | -1.51 | 0.42 | 1.51 | -0.36 | -1.78 | 0.02 | -0.55 | -2.46 | -1.18 | -0.98 | 0.56 | 0.42 | -2.60 | -0.84 | 0.56 | -3.09 | -11.90 | -3.02 | -14.18 | 1.54 | 0.21 | 15.67 | 3.13 | 1.96 | -3.94 | -7.30 | -16.18 | -38.52 | -0.22 |
| Diluted EPS | -0.38 | -0.58 | 2.08 | 2.34 | -1.50 | -1.15 | 0.05 | -0.05 | -2.09 | -1.51 | 0.42 | 1.51 | -0.36 | -1.78 | 0.02 | -0.55 | -2.46 | -1.18 | -0.98 | 0.56 | 0.42 | -2.60 | -0.84 | 0.56 | -3.07 | -11.90 | -3.02 | -6.37 | 1.54 | 0.16 | 11.49 | 4.57 | 1.68 | -3.94 | -7.30 | -16.18 | -38.52 | -0.22 |
| Weighted Average OS | 14.92M | 14.92M | 14.92M | 14.08M | 12.69M | 12.57M | 11.16M | 10.46M | 10.68M | 10.44M | 10.45M | 10.44M | 10.45M | 10.25M | 8.43M | 1.86M | 1.68M | 1.66M | 1.65M | 1.60M | 1.25M | 962,055 | 948,611 | 906,261 | 857,716 | 851,901 | 691,071 | 641,762 | 649,350 | 486,542 | 454,882 | 327,142 | 306,122 | 228,571 | 273,809 | 179,272 | 59,714 | 20.00M |
| EBITDA | $1.35M | -$1.29M | $39.49M | $41.88M | -$3.86M | -$4.99M | $16.6M | $4.51M | -$17.75M | -$8.37M | $10.44M | $12.63M | -$1.15M | -$11.15M | $1.36M | -$311K | -$3.31M | -$1.12M | -$946K | $1.58M | $620K | -$2.54M | -$554K | -$955K | -$1.77M | $3.5M | -$1.51M | $300K | $1.78M | $300K | $1.4M | $2.8M | $2M | -$500K | -$200K | -$600K | $400K | -$3.45M |
| EBITDA Margin | 0.5% | -0.4% | 10.0% | 8.6% | -1.3% | -2.9% | 5.4% | 1.3% | -6.9% | -5.0% | 4.7% | 3.3% | -0.3% | -3.2% | 59.9% | -11.4% | -166.2% | -37.5% | -31.4% | 36.7% | 13.7% | -176.7% | -22.0% | -32.8% | -31.2% | 44.1% | -54.7% | 8.3% | 35.7% | 7.3% | 27.5% | 41.2% | 38.5% | -16.1% | -6.1% | -14.3% | 7.7% | -59.5% |
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 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 |
| Assets | ||||||||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $1.01M | $81K | $18.71M | $520K | $9K | $549K | $72K | $14K | $495K | $1.15M | $1.85M | $1.36M | $1.65M | $421K | $1.94M | $626K | $1.02M | $3.86M | $5.23M | $5.5M | $1.3M | $1.56M | $2.7M | $4.41M | $3.34M | $2.07M | $1.17M | $600K | $1.8M | $1.2M | $2.7M | $400K | $700K | $900K | $200K | $200K | $3.3M | $550K |
| Short-Term Investments | $0 | $185K | $0 | $110K | $110K | $124K | $158K | $194K | $129K | $644K | $395K | $0 | $792K | $792K | $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 | $1.01M | $266K | $18.71M | $630K | $119K | $673K | $230K | $208K | $624K | $1.8M | $2.25M | $1.36M | $1.23M | $1.21M | $1.94M | $626K | $1.02M | $3.86M | $5.23M | $5.5M | $1.3M | $1.56M | $2.7M | $4.41M | $3.34M | $2.07M | $1.17M | $600K | $1.8M | $1.2M | $2.7M | $400K | $700K | $900K | $200K | $200K | $3.3M | $550K |
| Accounts Receivable | $8.34M | $5.96M | $4.3M | $1.15M | $126K | $214K | $1.81M | $379K | $2.01M | $3.18M | $5.46M | $8.34M | $13.49M | $15.4M | -$4.42M | $598K | $428K | $443K | $694K | $1.17M | $1.6M | $316K | $489K | $515K | $1.26M | $2.41M | $1.54M | $700K | $900K | $700K | $900K | $800K | $1.1M | $300K | $500K | $500K | $900K | $1.01M |
| Inventory | $30.89M | $35.66M | $24.58M | $19.84M | $3.1M | $1.06M | $1.65M | $1.51M | $3.09M | $2.08M | $7.81M | $3.2M | $4.69M | $2.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $100K | $210K |
| Other Current Assets | $1.19M | $815K | $110K | $110K | $110K | $124K | $223K | $302K | $129K | $139K | $395K | $1.5M | $1.22M | $90K | $192K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.61M | $318K | $200K | $0 | $200K | $300K | $200K | $100K | $100K | $200K | $300K | $400K | $1.05M |
| Total Current Assets | $44.17M | $44.76M | $49.29M | $25.09M | $5.82M | $5.56M | $6.08M | $4.04M | $6.98M | $10.94M | $23.12M | $14.68M | $20.49M | $19.67M | $2.78M | $1.44M | $1.8M | $4.74M | $6.43M | $7.01M | $3.08M | $2.07M | $3.35M | $5.22M | $4.77M | $6.09M | $3.03M | $1.5M | $2.7M | $2.1M | $3.9M | $1.4M | $1.9M | $1.3M | $900K | $1.1M | $4.7M | $2.82M |
| Long-Term Assets | ||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $50.2M | $52.89M | $55.12M | $57.59M | $60.26M | $62.99M | $64.54M | $64.7M | $64.6M | $62.32M | $48.84M | $37.37M | $36.39M | $35.86M | $3.62M | $4.53M | $3.82M | $4.52M | $4.5M | $4.91M | $4.98M | $5.32M | $5.77M | $4.69M | $5.98M | $5.35M | $15.66M | $8.9M | $20.1M | $20.6M | $20.2M | $19M | $19.2M | $17.7M | $18.4M | $19.2M | $20.8M | $21.3M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $303K | $303K | $303K | $303K | $303K | $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 | $350K | $1.25M | $0 | $1.23M | $230K | $230K | $230K | $230K | $230K | $205K | $1.02M | -$5.45M | $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 |
| Deferred Tax Assets | $4.35M | $2.99M | $1.44M | $0 | $0 | $0 | $50K | $108K | $0 | -$205K | $120K | $5.93M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $244K | $244K | $244K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $8.47M | $0 | $235K | $0 | $0 | $514K | $777K | $1.83M | $1.6M | $1.79M | $18.01M | $7.57M | $499K | $542K | $9K | $9K | $9K | $9K | $11K | $22K | $11K | $11K | $603K | $601K | $799K | $2.48M | $3.32M | $4.8M | $2.1M | $1.5M | $1M | $400K | $300K | $1.1M | $1.1M | $1M | $900K | -$10K |
| Total Long-Term Assets | $63.37M | $57.13M | $56.79M | $58.82M | $60.48M | $63.74M | $65.37M | $66.64M | $66.43M | $64.42M | $68.3M | $45.72M | $37.19M | $36.71M | $3.63M | $4.54M | $3.83M | $4.53M | $4.51M | $4.93M | $4.99M | $5.34M | $6.62M | $5.53M | $7.02M | $7.82M | $18.98M | $13.7M | $22.2M | $22.1M | $21.2M | $19.4M | $19.5M | $18.8M | $19.5M | $20.2M | $21.7M | $21.29M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $107.54M | $101.9M | $106.08M | $83.9M | $66.31M | $69.3M | $71.44M | $70.68M | $73.41M | $75.36M | $91.41M | $60.41M | $57.68M | $56.38M | $6.41M | $5.98M | $5.63M | $9.28M | $10.94M | $11.94M | $8.07M | $7.4M | $9.97M | $10.75M | $11.79M | $13.91M | $22.01M | $15.2M | $24.9M | $24.2M | $25.1M | $20.8M | $21.4M | $20.1M | $20.4M | $21.3M | $26.4M | $24.11M |
| Liabilities | ||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||
| Accounts Payable | $12.26M | $11.63M | $1.81M | $2.32M | $2.7M | $3.43M | $2.03M | $4.25M | $3.32M | $14.92M | $15.18M | $12.37M | $20.78M | $20.77M | $5.75M | $543K | $372K | $389K | $433K | $265K | $395K | $741K | $2.56M | $366K | $1.04M | $1.56M | $1.61M | $900K | $700K | $1.1M | $1M | $600K | $1.6M | $500K | $1M | $0 | $0 | $0 |
| Short-Term Debt | $44.41M | $40.63M | $39.44M | $47.52M | $63.21M | $57.74M | $51.3M | $41.9M | $39.54M | $32.21M | $1.93M | $1.25M | $2.23M | $1.86M | $1.89M | $125K | $173K | $0 | $26K | $0 | $570K | $880K | $0 | $0 | $0 | $2.22M | $1.32M | $200K | $0 | $0 | $1.9M | $1.4M | $1.5M | $1.6M | $200K | $700K | $600K | $0 |
| Current Income Tax Payable | $56K | $18K | $951K | $371K | $136K | $58K | $183K | $95K | $210K | $29K | $1.29M | $1.23M | $689K | $292K | $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 | $931K | $2.89M | $3.41M | $4.54M | $4.96M | $3.93M | $2.5M | $543K | $559K | $859K | $782K | $253K | $303K | $93K | $0 | $2K | $8K | $0 | $110K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $6.03M | $3.88M | $10.57M | $8.94M | $7.99M | $2.37M | $2.56M | $2.58M | $2.31M | $18K | $39K | $1.1M | $1.3M | $1.14M | $0 | $192K | $26K | $26K | $262K | $0 | $0 | $0 | $0 | $2.54M | $0 | $0 | $0 | $300K | $400K | $0 | $300K | $900K | $1.1M | $1.4M | $1M | $2M | $4.2M | $18.36M |
| Total Current Liabilities | $68.57M | $63.9M | $55.42M | $70.33M | $84.28M | $77.84M | $65.46M | $75.9M | $76.49M | $48.76M | $20.23M | $17.88M | $28.42M | $23.99M | $664K | $863K | $580K | $425K | $831K | $358K | $1.03M | $1.66M | $2.67M | $2.97M | $5.96M | $4.7M | $2.93M | $1.4M | $1.1M | $1.1M | $3.2M | $2.9M | $4.2M | $3.5M | $2.2M | $2.7M | $4.8M | $18.36M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | $3.14M | $4.84M | $9.05M | $2.32M | $994K | $725K | $564K | $0 | $1.61M | $6.11M | $32.85M | $10.81M | $13.89M | $13.99M | $0 | $0 | $0 | $0 | $0 | $0 | $500K | $620K | $750K | $750K | $0 | $0 | $0 | $2.1M | $2.1M | $2.1M | $0 | $4.5M | $5.1M | $7.4M | $8.4M | $7.3M | $11.4M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $660K | $1.2M | $1.52M | $1.93M | $0 | $42K | $83K | $125K | $692K | $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 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | -$1.52M | -$1.93M | $0 | -$42K | $0 | $0 | $168K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.1M | $600K | $800K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $3.31M | -$370K | -$564K | $0 | $42K | $3.7M | $3.43M | $2.89M | $3.26M | $1.78M | $2.48M | $2.54M | $2.26M | $2.21M | $1.88M | $2.01M | $1.76M | $1.75M | $1.55M | $1.26M | $0 | $550K | $0 | $100K | $0 | $800K | $3M | $3.3M | $4.2M | $3M | $2.4M | $3.6M | $3M | $980K |
| Total Long-Term Liabilities | $3.14M | $5.03M | $9.05M | $2.98M | $5.66M | $2.25M | $2.49M | $0 | $1.65M | $9.9M | $38.79M | $14.56M | $17.15M | $15.77M | $2.48M | $2.54M | $2.26M | $2.21M | $1.88M | $2.01M | $2.26M | $2.37M | $2.3M | $2.01M | $0 | $550K | $467K | $2.2M | $3.2M | $3.5M | $3.8M | $7.8M | $9.3M | $10.4M | $10.8M | $10.9M | $14.4M | $980K |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $71.71M | $68.93M | $64.48M | $73.32M | $89.94M | $80.09M | $67.96M | $75.9M | $78.14M | $58.66M | $59.02M | $32.44M | $45.57M | $39.76M | $3.15M | $3.4M | $2.84M | $2.63M | $2.71M | $2.37M | $3.29M | $4.04M | $4.97M | $4.98M | $5.96M | $5.25M | $3.4M | $3.6M | $4.3M | $4.6M | $7M | $10.7M | $13.5M | $13.9M | $13M | $13.6M | $19.2M | $19.34M |
| 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 | $0 | $0 | $0 | $0 | $0 | $1.5M | $1.5M | $1.5M | $1.5M | $1.5M | $0 | $0 | $0 |
| Common Stock | $149K | $149K | $149K | $149K | $127K | $127K | $123K | $110K | $109K | $106K | $106K | $106K | $106K | $106K | $21K | $21K | $119K | $117K | $116K | $116K | $99K | $69K | $67K | $66K | $61K | $60K | $60K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.52M |
| Retained Earnings | -$12.54M | -$6.94M | $1.69M | -$29.32M | -$62.21M | -$49.37M | -$34.91M | -$42.27M | -$41.75M | -$19.42M | -$3.65M | -$8.06M | -$23.82M | -$20.01M | -$30.51M | -$31.13M | -$30.11M | -$25.97M | -$24M | -$22.38M | -$23.29M | -$23.83M | -$21.33M | -$20.54M | -$21.02M | -$18.37M | -$8.24M | -$6.2M | $2.9M | $1.9M | $2.1M | -$4.9M | -$6.2M | -$6.8M | -$5.5M | -$3.2M | $0 | -$11.99M |
| Comprehensive Income & Other | $0 | $0 | -$0 | -$0 | $0 | -$0 | $0 | -$10.43M | -$8.5M | -$6.69M | -$6.23M | -$4.59M | -$3.02M | -$1.67M | -$5.45M | -$5.63M | -$5.01M | -$4.49M | -$3.97M | -$3.43M | -$2.93M | -$2.52M | -$2.13M | -$23.7M | -$27.23M | -$30.44M | -$17.41M | -$17.2M | -$4.8M | -$4.5M | -$4.3M | -$4.3M | -$3.7M | -$3M | -$2.2M | -$1M | $0 | -$3.87M |
| Other Stockholders' Equity | $39.76M | $39.76M | $39.76M | $39.76M | $38.46M | $38.46M | $38.27M | $36.94M | $36.91M | $36.02M | $35.94M | $35.92M | $35.82M | $36.52M | $33.75M | $33.69M | $32.78M | $32.5M | $32.12M | $31.84M | $27.98M | $27.13M | $26.27M | $26.24M | $25.72M | $25.78M | $25.82M | $17.8M | $17.7M | $17.7M | $16M | $15M | $14.1M | $13M | $12.9M | $10.9M | $7.2M | $11.24M |
| Total Equity | $27.36M | $32.96M | $41.6M | $10.59M | -$23.63M | -$10.79M | $3.49M | -$5.23M | -$4.73M | $16.7M | $32.39M | $27.97M | $12.11M | $16.62M | $3.26M | $2.58M | $2.79M | $6.64M | $8.23M | $9.57M | $4.79M | $3.36M | $5M | $5.77M | $4.76M | $7.46M | $17.65M | $11.6M | $20.6M | $19.6M | $18.1M | $10.1M | $7.9M | $6.2M | $7.4M | $7.7M | $7.2M | $4.77M |
| 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 | $1.06M | $1.2M | $959K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $99.07M | $101.9M | $106.08M | $83.9M | $66.31M | $69.3M | $71.44M | $70.68M | $73.41M | $75.36M | $91.41M | $60.41M | $57.68M | $56.38M | $6.41M | $5.98M | $5.63M | $9.28M | $10.94M | $11.94M | $8.07M | $7.4M | $9.97M | $10.75M | $10.72M | $12.72M | $21.05M | $15.2M | $24.9M | $24.2M | $25.1M | $20.8M | $21.4M | $20.1M | $20.4M | $21.3M | $26.4M | $24.11M |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||
| Total Debt | $47.77M | $45.92M | $48.49M | $49.84M | $64.2M | $58.66M | $52.12M | $41.9M | $41.15M | $38.33M | $37.17M | $12.05M | $16.12M | $15.85M | $0 | $125K | $173K | $0 | $26K | $0 | $1.07M | $1.5M | $750K | $750K | $0 | $2.22M | $1.32M | $2.3M | $2.1M | $2.1M | $1.9M | $5.9M | $6.6M | $9M | $8.6M | $8M | $12M | $220K |
| Net Debt | $46.76M | $45.84M | $29.78M | $49.32M | $64.19M | $58.11M | $52.04M | $41.89M | $40.66M | $37.17M | $35.32M | $10.69M | $14.46M | $15.43M | -$1.94M | -$501K | -$843K | -$3.86M | -$5.2M | -$5.5M | -$227K | -$61K | -$1.95M | -$3.66M | -$3.34M | $147K | $152K | $1.7M | $300K | $900K | -$800K | $5.5M | $5.9M | $8.1M | $8.4M | $7.8M | $8.7M | -$330K |
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 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 |
| Operating Activities | ||||||||||||||||||||||||||||||||||||||
| Net Income | -$5.6M | -$8.64M | $31.01M | $32.89M | -$12.84M | -$14.46M | $7.36M | -$523K | -$22.33M | -$15.77M | $4.4M | $15.76M | -$3.81M | -$13.84M | -$2.46M | -$1.02M | -$4.14M | -$1.97M | -$1.63M | $913K | $541K | -$2.5M | -$793K | $482K | -$2.65M | -$10.14M | -$2.01M | -$9.1M | $1M | $100K | $7.4M | $900K | $400K | -$1.1M | -$2M | -$2.9M | -$2.3M | -$4.3M |
| Depreciation & Amortization | $2.87M | $2.81M | $2.86M | $2.8M | $2.78M | $2.69M | $2.49M | $1.93M | $1.81M | $1.94M | $1.65M | $1.57M | $1.35M | $1.62M | $724K | $739K | $628K | $636K | $555K | $502K | $458K | $555K | $488K | $819K | $1.82M | $2M | $595K | $400K | $400K | $400K | $600K | $700K | $1M | $1M | $1.1M | $1.5M | $1.8M | $1.55M |
| Deferred Income Tax | -$1.36M | -$1.55M | -$1.44M | $0 | $0 | $15K | $0 | -$216K | $0 | $3.61M | $2.15M | -$5.76M | $0 | $0 | $0 | -$618.71M | -$516.62M | -$527.23M | $0 | $0 | $0 | $244K | $0 | $0 | $0 | $0 | $1.77M | -$3.1M | $500K | $100K | $1.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $30K | $60K | $80K | $20K | $95K | $100K | $163K | $0 | $54K | $205K | $298K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||||||||||
| Accounts Receivable | -$2.38M | -$667K | -$3.15M | -$1.08M | $88K | $1.6M | -$1.43M | $1.63M | $1.09M | $2.41M | $2.88M | $5.15M | $1.11M | -$14.72M | $64K | -$170K | $15K | $225K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $4.77M | -$11.09M | -$4.73M | -$16.75M | -$2.04M | $583K | -$135K | $1.58M | -$1.01M | $5.73M | -$4.61M | $1.49M | -$2.39M | $2.29M | $84.92M | -$138.62M | $44.85M | $169.64M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$100K | $0 | $0 | $0 | -$300K | $0 | $0 | $200K | $0 | $0 | $0 |
| Accounts Payable | -$2.33M | $8.03M | -$7.04M | -$2.09M | $2.22M | $5.9M | $3.12M | $2.82M | -$12.32M | -$3.94M | -$273K | -$2.49M | $4.91M | $3.23M | -$85.09M | $139.06M | -$44.45M | -$169.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $44K | -$4.84M | $8.91M | -$1.03M | $1.15M | -$1.25M | -$12.35M | -$6.64M | $26.95M | $1.17M | $125K | -$8.4M | -$326K | $11.54M | -$340K | -$46K | -$32K | -$19K | $506K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $200K | $0 | $0 | $0 | -$2M | $0 | $0 | -$200K | $0 | $0 | $2M |
| Total Working Capital Change | $103K | -$8.56M | -$6.01M | -$20.95M | $1.42M | $6.83M | -$10.8M | -$613K | $14.71M | $5.38M | -$1.87M | -$4.25M | $3.31M | $2.33M | -$450K | $226K | $388K | $110K | $506K | $163K | -$1.65M | -$1.53M | -$888K | -$2.11M | $76K | $196K | $569K | $100K | -$400K | -$100K | -$200K | -$2.3M | -$300K | -$100K | $200K | $0 | $0 | $2M |
| Other Non-Cash Items | $3.23M | $273K | -$6.42M | $1.53M | $2.59M | $3.71M | -$7.4M | $394K | $801K | $887K | $565K | $307K | $167K | $9.95M | $313K | $618.59M | $518.4M | $527.55M | $381K | -$362K | $697K | $631K | -$171K | -$2.03M | $2.2M | $11.54M | -$2.01M | $100K | -$100K | $0 | -$8.7M | $600K | -$100K | -$1M | -$200K | -$1.5M | -$1.8M | $2.66M |
| Net Cash from Operating | -$766K | -$15.67M | $20M | $16.27M | -$6.06M | -$3.9M | -$8.35M | $1M | -$4.94M | -$3.88M | $7.93M | $7.18M | $1.02M | $67K | -$1.88M | -$125K | -$1.13M | -$600K | -$183K | $1.22M | $50K | -$2.6M | -$1.36M | -$2.84M | $1.45M | $3.6M | -$1.09M | $400K | $1.4M | $500K | $500K | -$100K | $1.1M | -$1.2M | -$900K | -$2.9M | -$2.3M | $1.91M |
| Investing Activities | ||||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -$13K | -$46K | -$102K | -$102K | $0 | -$1.08M | -$1.57M | -$2.03M | -$2.43M | -$14.1M | -$11.37M | -$1.72M | -$1.48M | -$2.85M | -$246K | -$59K | -$16K | -$762K | -$112K | -$283K | -$36K | -$11K | -$244K | -$693K | -$1.76M | -$1.27M | -$10.29M | -$400K | -$300K | -$500K | -$900K | -$500K | -$700K | -$200K | -$500K | $0 | $0 | -$920K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.67M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$492K | -$156K | $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 | -$1.5M | $0 | $0 | -$1K | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $300K | $900K | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$17.36M | $0 | $201K | $1.67M | $3.56M | $0 | -$1.5B | -$749.09M | $0 | -$284K | $142K | $886K | -$94K | $4.59M | $4.67M | -$2.12M | $4.83M | -$1.4M | -$600K | -$3.2M | $8.4M | -$100K | $100K | $200K | $600K | $0 | $0 | $130K |
| Net Cash from Investing | -$13K | -$46K | -$102K | -$102K | $0 | -$1.08M | -$1.57M | -$2.03M | -$2.43M | -$14.1M | -$29.61M | -$1.72M | -$1.28M | -$1.18M | $3.32M | -$59K | -$1.52M | -$762K | -$112K | -$284K | $106K | $875K | -$338K | $3.9M | $2.41M | -$3.55M | -$5.46M | -$1.8M | -$900K | -$3.7M | $7.5M | -$300K | $300K | $1.1M | $100K | $0 | $0 | -$790K |
| Financing Activities | ||||||||||||||||||||||||||||||||||||||
| Debt Repaid | -$1.74M | $1.92M | $2.71M | $14.71M | -$5.75M | -$5.43M | -$8.77M | -$543K | -$3.44M | -$3.42M | -$25.12M | $6.23M | -$267K | -$1.51M | -$3.26M | $205K | $200K | - | - | $570K | $430K | -$750K | - | - | $2.36M | -$899K | -$870K | -$200K | - | - | $5.9M | -$100K | $1.7M | -$600K | -$600K | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $30K | $60K | $80K | $20K | $95K | $100K | $163K | $60M | $80M | $80M | $80M | $22K | $3.84M | $13K | $28K | $0 | $0 | $13K | $200K | $6.25M | $0 | $0 | $1.7M | $100K | $100K | $100K | $100K | $300K | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $685.71M | $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 | -$236K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | -$750K | $0 | $161K | $0 | $0 | $0 | -$2.46M | $0 | $0 | $20K | -$3.38M | -$3K | $0 | $0 | $0 | $0 | -$2K | -$193K | $0 | $0 | $0 | -$248K | $0 | $0 | $0 | $0 | $100K | $0 | $0 | $0 | $0 | $0 | $0 | -$800K |
| Net Cash from Financing | $1.74M | -$1.92M | -$2.71M | -$14.71M | $5M | $5.43M | $8.93M | $543K | $3.44M | $3.42M | $22.24M | -$4.6M | $267K | $1.53M | -$125K | -$207K | -$200K | $80M | $22K | $3.27M | -$419K | $586K | $0 | $0 | -$2.59M | $852K | $7.12M | $200K | $0 | $1.7M | -$5.7M | $200K | -$1.6M | $700K | $900K | $0 | $0 | -$800K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$80M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.4M | $0 | $3.2M | -$8M | $400K | -$1.4M | $100K | $800K | $0 | $0 | $0 |
| Net Change in Cash | $960K | -$17.64M | $17.2M | $1.46M | -$1.05M | $443K | -$997K | -$481K | -$3.94M | -$14.56M | $561K | $859K | $14K | $419K | $1.32M | -$391K | -$2.85M | -$1.36M | -$272K | $4.2M | -$263K | -$1.14M | -$1.7M | $1.06M | $1.27M | $905K | $573K | $200K | $500K | $1.7M | -$5.7M | $200K | -$1.6M | $700K | $900K | -$2.9M | -$2.3M | $320K |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | -$766K | -$15.67M | $20M | $16.27M | -$6.06M | -$3.9M | -$8.35M | $1M | -$4.94M | -$3.88M | $7.93M | $7.18M | $1.02M | $67K | -$1.88M | -$125K | -$1.13M | -$600K | -$183K | $1.22M | $50K | -$2.6M | -$1.36M | -$2.84M | $1.45M | $3.6M | -$1.09M | $400K | $1.4M | $500K | $500K | -$100K | $1.1M | -$1.2M | -$900K | -$2.9M | -$2.3M | $1.91M |
| Capital Expenditure | -$13K | -$46K | -$102K | -$102K | $0 | -$1.08M | -$1.57M | -$2.03M | -$2.43M | -$14.1M | -$11.37M | -$1.72M | -$1.48M | -$2.85M | -$246K | -$59K | -$16K | -$762K | -$112K | -$283K | -$36K | -$11K | -$244K | -$693K | -$1.76M | -$1.27M | -$10.29M | -$400K | -$300K | -$500K | -$900K | -$500K | -$700K | -$200K | -$500K | $0 | $0 | -$920K |
| Free Cash Flow | -$779K | -$15.72M | $19.9M | $16.17M | -$6.06M | -$4.99M | -$9.93M | -$1.02M | -$7.38M | -$17.98M | -$3.44M | $5.46M | -$454K | -$2.79M | -$2.12M | -$183K | -$1.15M | -$1.36M | -$295K | $932K | $14K | -$2.61M | -$1.61M | -$3.53M | -$318K | $2.33M | -$11.38M | $0 | $1.1M | $0 | -$400K | -$600K | $400K | -$1.4M | -$1.4M | -$2.9M | -$2.3M | $990K |
| Cash at Beginning | $1.08M | $18.72M | $1.52M | $57K | $1.11M | $668K | $1.67M | $2.15M | $6.08M | $20.65M | $1.29M | $435K | $421K | $2K | $626K | $1.02M | $3.86M | $5.23M | $5.5M | $1.3M | $1.56M | $2.7M | $4.41M | $3.34M | $2.07M | $1.17M | $594K | $1.8M | $1.2M | $2.7M | $400K | $700K | $900K | $200K | $200K | $0 | $0 | $0 |
| Cash at End | $2.04M | $1.08M | $18.72M | $1.52M | $57K | $1.11M | $668K | $1.67M | $2.15M | $6.08M | $1.85M | $1.29M | $435K | $421K | $1.94M | $626K | $1.02M | $3.86M | $5.23M | $5.5M | $1.3M | $1.56M | $2.7M | $4.41M | $3.34M | $2.07M | $1.17M | $2M | $1.7M | $4.4M | -$5.3M | $900K | -$700K | $900K | $1.1M | -$2.9M | -$2.3M | $320K |