BAYHORSE SILVER INC. (BHSIF)
Bayhorse Silver Inc. operates as a junior enterprise in the natural resource sector, concentrating its efforts on acquiring, exploring, and advancing mineral properties. The company's exploration activities primarily target a range of metals, including silver, gold, zinc, copper, antimony, and lead. Its asset portfolio notably includes a 100% ownership stake in the Bayhorse Silver Mine Property, situated in Baker County, Oregon. Additionally, Bayhorse Silver holds an option agreement that would allow it to secure an 80% interest in the Brandywine project, located in British Columbia. The firm, initially incorporated in 2004 under the name Kent Exploration Inc., officially changed to Bayhorse Silver Inc. in December 2013. Its corporate headquarters are based in Burnaby, Canada.
Industry: Industrial Materials
Bayhorse Silver Inc.
OTC:BHSIFBasic Materials · Industrial Materials
+2.16%$0.0345
Mkt Cap$16.05M
Float394.33M
O/S465.35M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$3.84M
Total Assets$1.5M
Free Cash Flow-$1.52M
Debt & Equity
Debt 1044%
Total Debt$278K
Total Equity-$252K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BHSIF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.5M
Liabilities$1.75M
Accounts Receivable$3K
Accounts Payable$371K
Inventory$0
PP&E (Net)$661K
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $195K | $136K | $195K | $199K | $200K | $1.21M | $506K | $1.79M | $1.83M | $1.02M | $452K | $262K | $123K | $137K | $1.67M | $838K | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | -$195K | -$136K | -$195K | -$199K | -$200K | -$1.21M | -$505K | -$1.79M | -$1.83M | -$1.02M | -$452K | -$262K | -$123K | -$138K | -$1.67M | -$838K | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Selling, General, and Administrative | $580K | $2.23M | $895K | $1.58M | $1.71M | $553K | $635K | $892K | $480K | $566K | $379K | $538K | $562K | $369K | $445K | $711K | $486K | $363K | $299K | $323K | $75K | $9K |
| Other | $1.14M | $972K | $758K | $457K | $1.25M | $496K | $342K | -$131K | $0 | $0 | -$24K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $1.72M | $3.2M | $1.22M | $1.4M | $2.96M | $1.77M | $1.14M | $892K | $461K | $519K | $354K | $538K | $562K | $369K | $445K | $711K | $863K | $790K | $299K | $323K | $75K | $83K |
| Operating Income (EBIT) | -$4.1M | -$3.2M | -$1.22M | -$2.04M | -$4.41M | -$2.24M | -$1.45M | -$2.56M | -$2.27M | -$1.54M | -$806K | -$800K | -$637K | -$507K | -$2.45M | -$1.55M | -$863K | -$790K | $420K | -$220K | -$27K | -$83K |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | $2.25M | $865K | $287K | $414K | $39K | $88K | $121K | $495K | $502K | $552K | $167K | $0 | $96K | $0 | $1K | $4K | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $39 | $88 | $121 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $259K | $361K | -$169K | -$56K | -$1.09M | -$2K | -$140K | -$649K | -$973K | -$652K | -$135K | -$273K | $292K | -$257K | $2.54M | -$75K | -$47K | $9K | -$719K | -$103K | -$48K | $0 |
| Income Before Tax (EBT) | -$3.84M | -$2.84M | -$1.05M | -$2.18M | -$4.24M | -$2.24M | -$1.37M | -$3.37M | -$3.24M | -$2.19M | -$900K | -$1.07M | -$344K | -$763K | $86K | -$1.62M | -$910K | -$781K | -$299K | -$324K | -$75K | $0 |
| Income Tax Expense | $0 | $0 | $389K | -$20K | -$69K | -$38K | -$16K | $364K | $21K | $564K | $166K | -$718 | $0 | $0 | $0 | $0 | $0 | $0 | $719K | $103K | $49K | $225K |
| Net Income | -$3.84M | -$2.84M | -$1.44M | -$2.16M | -$4.17M | -$2.21M | -$1.35M | -$3.37M | -$3.24M | -$1.67M | -$1.04M | -$1.07M | -$344K | -$763K | $86K | -$1.62M | -$910K | -$781K | -$1.02M | -$426K | -$124K | -$225K |
| Net Income Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Supplementary Data | ||||||||||||||||||||||
| EPS | -0.02 | -0.01 | -0.01 | -0.01 | -0.03 | -0.02 | -0.02 | -0.06 | -0.09 | -0.07 | -0.06 | -0.08 | -0.04 | -0.12 | 0.02 | -0.50 | -0.44 | -0.50 | -0.88 | -0.91 | -8.72 | -18.31 |
| Diluted EPS | -0.02 | -0.01 | -0.01 | -0.01 | -0.03 | -0.02 | -0.02 | -0.06 | -0.09 | -0.07 | -0.06 | -0.08 | -0.04 | -0.12 | 0.02 | -0.50 | -0.44 | -0.50 | -0.88 | -0.91 | -8.72 | -18.31 |
| Weighted Average OS | 321.39M | 282.62M | 251.56M | 224.78M | 180.68M | 126.73M | 92.28M | 74.14M | 50.08M | 31.39M | 26.06M | 19.84M | 12.47M | 8.94M | 7.54M | 4.54M | 2.90M | 2.17M | 1.63M | 653,513 | 20,000 | 17,211 |
| EBITDA | -$1.4M | -$2.04M | -$691K | -$1.78M | -$3.98M | -$1.94M | -$963K | -$2.5M | -$2.72M | -$1.54M | -$10K | -$168 | $551K | -$507K | -$2.45M | -$1.55M | -$863K | -$790K | $420K | -$220K | -$27K | -$83K |
| EBITDA Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | ||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||
| Cash and Cash Equivalents | $308K | $405K | $344K | $221K | $308K | $19K | $49K | $30K | $38K | $7K | $657 | $3K | -$534 | $451 | $5K | $398K | $0 | $27K | $60K | $219K | $1K | $84K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $534K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $308K | $405K | $344K | $221K | $308K | $19K | $49K | $30K | $38K | $7K | $657 | $3K | $534K | $451 | $5K | $398K | $0 | $27K | $60K | $219K | $1K | $84K |
| Accounts Receivable | $3K | $83K | $67K | $3K | $108K | $0 | $96K | $6K | $4K | $19K | $8K | $27K | $34K | $24K | $31K | $49K | $10K | $28K | $8K | $3K | $2K | $4K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3K | $22K | $0 | $0 | $0 | $0 | $0 | $0 | $4K | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $383 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $835K | $977K | $768K | $577K | $816K | $319K | $429K | $189K | $174K | $72K | $12K | $32K | $589K | $34K | $42K | $468K | $23K | $67K | $79K | $225K | $4K | $88K |
| Long-Term Assets | ||||||||||||||||||||||
| Property, Plant & Equipment Net | $661K | $837K | $1.02M | $1.21M | $1.36M | $1.08M | $1.07M | $1.27M | $1.26M | $134K | $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 | $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 |
| Long-Term Investments | $0 | $0 | $0 | $8K | $8K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $541K | $727K | $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 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $8K | $8K | $0 | $0 | $0 | $24K | $26K | $0 | $0 | $0 | $0 | $0 | $99K | $101K | $101K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $661K | $846K | $1.03M | $1.22M | $1.37M | $1.08M | $1.09M | $1.29M | $1.26M | $134K | $0 | $0 | $0 | $640K | $828K | $101K | $2K | $3K | $156K | $409K | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.5M | $1.82M | $1.79M | $1.8M | $2.18M | $1.4M | $1.52M | $1.48M | $1.44M | $207K | $12K | $32K | $589K | $675K | $871K | $569K | $26K | $70K | $235K | $635K | $4K | $88K |
| Liabilities | ||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||
| Accounts Payable | $371K | $842K | $352K | $136K | $128K | $497K | $564K | $527K | $432K | $336K | $366K | $698K | $643K | $696K | $453K | $151K | $69K | $0 | $15K | $40K | $68K | $0 |
| Short-Term Debt | $278K | $313K | $316K | $323K | $596K | $1.27M | $963K | $440K | $171K | $190K | $261K | $205K | $48K | $180K | $0 | $0 | $14K | $0 | $0 | $0 | $855 | $0 |
| Current Income Tax Payable | $101K | $95K | $95K | $84K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $37K | $16K | $12K | $18K | $16K | $27K | $19K | $0 | $325K | $0 | $0 | $0 | $135K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $81K | $101K | $170K | $38K | $0 | $0 | $0 | $524K | $0 | $118K | $0 | $0 | $0 | $7K | $0 | $75K | $0 | $1K | $0 |
| Total Current Liabilities | $1.36M | $1.77M | $1.05M | $896K | $1.04M | $2.69M | $1.98M | $1.52M | $948K | $879K | $1K | $921K | $944K | $971K | $539K | $161K | $98K | $61K | $90K | $40K | $70K | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $322K | $1.26M | $882K | $929K | $270K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 |
| Long-Term Deferred Tax Liabilities | $0 | $389K | $389K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $389K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $18K | $18K | $11K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $389K | $389K | $389K | $0 | $0 | $0 | $774K | $1.99M | $1.69M | $929K | $270K | $0 | $0 | $18K | $18K | $11K | $0 | $0 | $0 | $0 | $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 |
| Total Liabilities | $1.75M | $2.16M | $1.44M | $896K | $1.04M | $2.69M | $2.75M | $3.51M | $2.64M | $1.81M | $1.48M | $921K | $944K | $989K | $556K | $172K | $98K | $61K | $90K | $40K | $70K | $0 |
| 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 |
| Common Stock | $22.95M | $21.78M | $21.03M | $20.72M | $19.51M | $15.03M | $13.6M | $12.05M | $10.49M | $7.24M | $6.1M | $6K | $6K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3K |
| Retained Earnings | -$36.25M | -$32.4M | -$29.56M | -$28.12M | -$25.96M | -$21.79M | -$19.58M | -$18.23M | -$14.86M | -$11.62M | -$9.95M | -$8.91M | -$7.77M | -$7.42M | -$6.66M | -$5.11M | -$3.48M | -$2.57M | -$1.79M | -$775K | -$349K | -$225K |
| Comprehensive Income & Other | $13.04M | $10.29M | $8.83M | $8.3M | $7.59M | $5.46M | $5K | $0 | $0 | $0 | $0 | $21 | -$178K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $280K | $0 |
| Other Stockholders' Equity | $13.04M | $10.29M | $8.89M | $8.3M | $7.59M | $5.46M | $4.75M | $4.16M | $3.18M | $2.78M | $2.39M | $8.02M | $7.41M | $7.11M | $6.97M | $5.5M | $3.41M | $2.58M | $1.94M | $1.37M | $283K | $262K |
| Total Equity | -$252K | -$335K | $353K | $901K | $1.14M | -$1.29M | -$1.23M | -$2.02M | -$1.2M | -$1.6M | -$1.47M | -$889K | -$354K | -$314K | $314K | $397K | -$73K | $9K | $145K | $595K | -$66K | $40K |
| Minority Interest | $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 | $1.5M | $1.82M | $1.79M | $1.8M | $2.18M | $1.4M | $1.52M | $1.48M | $1.44M | $207K | $12K | $32K | $589K | $675K | $871K | $569K | $26K | $70K | $235K | $635K | $4K | $40K |
| Supplementary Data | ||||||||||||||||||||||
| Total Debt | $278K | $313K | $316K | $323K | $596K | $1.71M | $1.98M | $2.6M | $1.05M | $1.11M | $531K | $205K | $48K | $180K | $0 | $0 | $14K | $0 | $0 | $0 | $855 | $0 |
| Net Debt | -$29K | -$92K | -$28K | $102K | $288K | $1.69M | $1.93M | $2.57M | $1.01M | $1.11M | $530K | $203K | $49K | $180K | -$5K | -$398K | $14K | -$27K | -$60K | -$219K | -$478 | -$84K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | ||||||||||||||||||||||
| Net Income | -$3.84M | -$2.84M | -$1.44M | -$2.16M | -$4.17M | -$2.21M | -$1.35M | -$3.37M | -$3.24M | -$1.67M | -$1.04M | -$1K | -$345 | -$764K | $86K | -$1.62M | -$910K | -$781K | -$1.02M | -$426K | -$124K | -$225K |
| Depreciation & Amortization | $195K | $196K | $195K | $199K | $200K | $227K | $266K | $215K | $48K | $2K | $765K | $718K | $636K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | -$20K | -$64K | -$38K | -$16K | $144K | $445K | $75K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $247K | $262K | $27K | $0 | $687K | $138K | $259K | $353K | $185 | $206 | $76 | $92 | $49 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | $48K | -$47K | -$33K | $2K | $5K | $63K | -$3K | $256K | $6K | -$4K | $19K | $0 | $0 | $2K | -$2K | -$44K | $18K | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | -$725 | -$2K | $0 | $0 | $0 | $0 | $0 | $0 | $326K | $83K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$266K | $628K | -$10K | $212K | -$338K | $33K | -$130K | -$46K | $185K | $20K | $254K | $40 | -$20 | $240K | $34K | -$5K | $16K | $0 | $0 | $0 | $0 | $44K |
| Total Working Capital Change | -$219K | $582K | -$42K | $213K | -$333K | $96K | -$133K | $208K | $191K | $16K | $273K | $82K | -$151K | $243K | $358K | $33K | $34K | -$78K | -$27K | -$40K | $4K | $44K |
| Other Non-Cash Items | $2.12M | $912K | $812K | $312K | $951K | $280K | $5K | $461K | $401K | $438K | -$625K | -$1.52M | -$1.08M | $190K | -$2.2M | $9K | $9K | $29K | $97K | $126K | $17K | $1K |
| Net Cash from Operating | -$1.5M | -$891K | -$451K | -$1.37M | -$2.73M | -$1.5M | -$979K | -$1.98M | -$1.97M | -$931K | -$629K | -$726K | -$591K | -$330K | -$1.65M | -$1.49M | -$811K | -$760K | -$948K | -$340K | -$103K | -$179K |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$19K | -$16K | $0 | -$51K | -$484K | -$209K | -$69K | -$202K | -$353K | -$136K | $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 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$8K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$203K | $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 |
| Other Investing Activities | $28K | $29K | $5K | $0 | -$8K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$100K | $0 | $156K | $254K | -$409K | $0 | $0 |
| Net Cash from Investing | $9K | $13K | $5K | -$51K | -$492K | -$209K | -$69K | -$202K | -$353K | -$136K | $0 | -$71K | $0 | $0 | -$203K | -$100K | $0 | $156K | $254K | -$409K | $0 | $0 |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | - | - | - | $46K | $859K | $351K | $258K | -$754K | -$872K | -$715K | -$327K | - | -$36K | -$178K | - | - | - | - | - | - | -$855 | - |
| Common Stock Issuance | $1.46M | $823K | $591K | $1.39M | $3.03M | $1.82M | $1.28M | $1.43M | $855K | $432K | $307K | $342K | $386K | $137K | $1.44M | $2.1M | $770K | $571K | $536K | $1.1M | $18K | $1K |
| 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 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$71K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$47K | $145K | -$22K | -$14K | $1.34M | $212K | $50K | -$15K | $637K | $421K | -$6K | $314K | $157K | $11K | $26K | -$94K | $0 | $0 | $0 | -$137K | $1K | $262K |
| Net Cash from Financing | $1.4M | $939K | $569K | $1.33M | $3.51M | $1.68M | $1.07M | $2.18M | $2.36M | $1.07M | $627K | $812K | $578K | $326K | $1.46M | $2.01M | $770K | $571K | $536K | $967K | $20K | $263K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$97K | $61K | $123K | -$87K | $289K | -$30K | $19K | -$9K | $32K | $7K | -$2K | $15K | -$13K | -$5K | -$393K | $412K | -$41K | -$33K | -$159K | $218K | -$83K | $84K |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | -$1.5M | -$891K | -$451K | -$1.37M | -$2.73M | -$1.5M | -$979K | -$1.98M | -$1.97M | -$931K | -$629K | -$726K | -$591K | -$330K | -$1.65M | -$1.49M | -$811K | -$760K | -$948K | -$340K | -$103K | -$179K |
| Capital Expenditure | -$19K | -$16K | $0 | -$51K | -$484K | -$209K | -$69K | -$202K | -$353K | -$136K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$1.52M | -$907K | -$451K | -$1.42M | -$3.21M | -$1.71M | -$1.05M | -$2.19M | -$2.33M | -$1.07M | -$629K | -$726K | -$591K | -$330K | -$1.65M | -$1.49M | -$811K | -$760K | -$948K | -$340K | -$103K | -$179K |
| Cash at Beginning | $405K | $344K | $221K | $308K | $19K | $49K | $30K | $38K | $7K | $274 | $3K | -$13K | $451 | $5K | $398K | -$14K | $27K | $60K | $219K | $1K | $84K | $0 |
| Cash at End | $308K | $405K | $344K | $221K | $308K | $19K | $49K | $30K | $38K | $7K | $657 | $3K | -$13K | $451 | $5K | $398K | -$14K | $27K | $60K | $219K | $1K | $84K |