Bioqual, Inc. (BIOQ)
Bioqual, Inc. delivers a range of preclinical research solutions, encompassing both in-vivo and in-vitro methodologies, to its diverse clientele of commercial enterprises and government agencies across the United States. Their expertise spans numerous critical health domains, including investigations into COVID-19, AIDS, influenza, RSV infection, and various flaviviruses such as Zika and Dengue. Furthermore, their work extends to malaria, hepatitis, and oncology. The firm's comprehensive laboratory capabilities further include processing biological samples, producing virus stocks, precisely quantifying infectious viral loads, and conducting assays like virus neutralization and hemagglutination inhibition. They also utilize advanced techniques such as quantitative PCR, ELISA for antigen and antibody detection, flow cytometry, lymphocyte proliferation studies, and various other cell-based analytical methods. Moreover, Bioqual furnishes specialized support for studies employing animal research models. Established in 1981, Bioqual, Inc. maintains its primary operational base in Rockville, Maryland.
Sector: Medical - Diagnostics & Research
Industry: Medical - Diagnostics & Research
Bioqual, Inc.
OTC:BIOQHealthcare · Medical - Diagnostics & Research
+1.17%$31.00
Mkt Cap$29.52M
Float891K
O/S952K
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$39.95M
Net Income-$4.17M
Total Assets$68.44M
Free Cash Flow-$67K
Debt & Equity
Debt 50%
Equity 50%
Total Debt$32.71M
Total Equity$32.41M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BIOQ's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$68.44M
Liabilities$36.04M
Accounts Receivable$10.45M
Accounts Payable$1.04M
Inventory$0
PP&E (Net)$38.59M
Goodwill$1.03M
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 2010 | FY 2009 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Period Ending | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 | 2018-05-31 | 2017-05-31 | 2016-05-31 | 2015-05-31 | 2014-05-31 | 2013-05-31 | 2011-05-31 | 2010-05-31 | 2007-05-31 | 2006-05-31 | 2005-05-31 | 2004-05-31 | 2003-05-31 | 2001-05-31 | 2000-05-31 | 1999-05-31 | 1998-05-31 | 1997-05-31 | 1996-05-31 |
| Revenue | $39.95M | $48.87M | $58.59M | $62.66M | $66.15M | $57.68M | $46.36M | $39.48M | $35.88M | $36.6M | $33.06M | $28.94M | $21.58M | $20.2M | $23.3M | $23.78M | $21.87M | $19.39M | $18.53M | $16.57M | $14.13M | $12.26M | $11.66M | $11.08M | $9.92M | $8.94M | $8.82M |
| YoY Growth | -18.3% | -16.6% | -6.5% | -5.3% | 14.7% | 24.4% | 17.4% | 10.0% | -2.0% | 10.7% | 14.3% | 34.1% | 6.8% | -13.3% | -2.0% | 8.8% | 12.8% | 4.6% | 11.8% | 17.3% | 15.3% | 5.1% | 5.2% | 11.7% | 11.0% | 1.4% | - |
| Cost of Revenue | $38.51M | $50.76M | $51.16M | $50.06M | $53.15M | $43.71M | $36.67M | $32.07M | $27.16M | $26.7M | $25.5M | $22.71M | $16.52M | $16.87M | $18.74M | $19.31M | $17.23M | $15.32M | $14.56M | $12.9M | $10.8M | $9.37M | $9.16M | $8.41M | $7.82M | $6.91M | $7.02M |
| Gross Profit | $1.43M | -$1.9M | $7.43M | $12.6M | $13.01M | $13.97M | $9.69M | $7.41M | $8.73M | $9.9M | $7.56M | $6.22M | $5.06M | $3.33M | $4.56M | $4.48M | $4.64M | $4.07M | $3.97M | $3.67M | $3.34M | $2.88M | $2.51M | $2.68M | $2.11M | $2.03M | $1.8M |
| Gross Margin | 3.6% | -3.9% | 12.7% | 20.1% | 19.7% | 24.2% | 20.9% | 18.8% | 24.3% | 27.1% | 22.9% | 21.5% | 23.5% | 16.5% | 19.6% | 18.8% | 21.2% | 21.0% | 21.4% | 22.1% | 23.6% | 23.5% | 21.5% | 24.1% | 21.2% | 22.8% | 20.4% |
| Research and Development | $541K | $0 | $0 | $806K | $1.11M | $829K | $1.13M | $332K | $332K | $334K | $277K | $45K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $32K | $167K | $203K | $144K | $349K | $0 |
| Selling, General, and Administrative | $5.36M | $6.32M | $7.45M | $11.5M | $5.36M | $4.59M | $3.24M | $3.49M | $3.45M | $3.36M | $2.56M | $2.98M | $3.2M | $3.45M | $3.88M | $3.8M | $3.05M | $2.91M | $2.69M | $2.54M | $2.45M | $2.28M | $2.11M | $1.94M | $1.89M | $1.61M | $1.64M |
| Other | $0 | $6.32M | $0 | -$808K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $5.9M | $6.32M | $7.45M | $11.5M | $6.47M | $5.42M | $4.37M | $3.83M | $3.45M | $3.36M | $2.84M | $2.98M | $3.53M | $3.44M | $3.88M | $3.8M | $3.05M | $2.91M | $2.69M | $2.54M | $2.45M | $2.31M | $2.27M | $2.15M | $2.03M | $1.96M | $1.64M |
| Operating Income (EBIT) | -$4.47M | -$1.9M | -$20K | $1.1M | $6.53M | $8.56M | $5.32M | $3.58M | $5.27M | $6.54M | $4.72M | $3.24M | $1.87M | -$123K | $678K | $677K | $1.59M | $1.15M | $1.28M | $1.13M | $882K | $569K | $235K | $529K | $76K | $75K | $157K |
| Operating Margin | -11.2% | -3.9% | -0.0% | 1.8% | 9.9% | 14.8% | 11.5% | 9.1% | 14.7% | 17.9% | 14.3% | 11.2% | 8.6% | -0.6% | 2.9% | 2.8% | 7.3% | 5.9% | 6.9% | 6.8% | 6.2% | 4.6% | 2.0% | 4.8% | 0.8% | 0.8% | 1.8% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $10K | $0 | $49K | $68K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $535K | $609K | $476K | $28K | $2K | $2K | $115K | $124K | $47K | $8K | $94K | $128K | $39K | $2K | $4K | $6K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $755K | $609K | $496K | $30K | $44K | $59K | $167K | $125K | $13K | -$57K | -$58K | -$126K | -$371K | $16K | $4K | $6K | $144K | $136K | $3K | $771 | -$2K | -$52K | -$53K | -$46K | -$48K | -$39K | -$40K |
| Income Before Tax (EBT) | -$3.72M | -$1.29M | $476K | $1.13M | $6.58M | $8.62M | $5.49M | $3.71M | $5.29M | $6.49M | $4.66M | $3.12M | $1.5M | -$107K | $682K | $684K | $1.73M | $1.29M | $1.29M | $1.13M | $880K | $517K | $182K | $483K | $28K | $35K | $117K |
| Income Tax Expense | $452K | -$238K | -$7K | $298K | $1.32M | $2.29M | $1.26M | $878K | $1.62M | $2.52M | $1.78M | $1.21M | $0 | -$20K | $281K | $267K | $656K | $506K | $501K | $444K | $351K | $232K | $85K | $88K | $177K | $31K | $25K |
| Net Income | -$4.17M | -$1.05M | $483K | $836K | $5.26M | $6.33M | $4.23M | $2.83M | $3.66M | $3.96M | $2.88M | $1.91M | $868K | -$87K | $402K | $416K | $1.08M | $783K | $785K | $685K | $529K | $285K | $97K | $395K | -$149K | $5K | $92K |
| Net Income Margin | -10.4% | -2.1% | 0.8% | 1.3% | 8.0% | 11.0% | 9.1% | 7.2% | 10.2% | 10.8% | 8.7% | 6.6% | 4.0% | -0.4% | 1.7% | 1.8% | 4.9% | 4.0% | 4.2% | 4.1% | 3.7% | 2.3% | 0.8% | 3.6% | -1.5% | 0.1% | 1.0% |
| Supplementary Data | |||||||||||||||||||||||||||
| EPS | -4.66 | -1.17 | 0.54 | 0.93 | 5.88 | 7.08 | 4.74 | 3.17 | 4.10 | 4.44 | 3.22 | 2.13 | 0.97 | -0.10 | 0.45 | 0.46 | 1.21 | 0.87 | 0.86 | 0.77 | 0.60 | 0.32 | 0.11 | 0.44 | -0.17 | 0.01 | 0.10 |
| Diluted EPS | -4.66 | -1.17 | 0.54 | 0.93 | 5.88 | 7.08 | 4.73 | 3.17 | 4.10 | 4.44 | 3.22 | 2.13 | 0.97 | -0.10 | 0.45 | 0.46 | 1.19 | 0.85 | 0.85 | 0.75 | 0.59 | 0.32 | 0.11 | 0.44 | -0.17 | 0.01 | 0.10 |
| Weighted Average OS | 894,416 | 894,416 | 894,416 | 894,416 | 894,416 | 894,054 | 893,416 | 893,416 | 893,416 | 893,416 | 893,459 | 893,466 | 893,470 | 872,448 | 900,017 | 903,951 | 890,619 | 904,433 | 908,944 | 890,688 | 884,035 | 891,106 | 881,559 | 890,626 | 899,584 | 899,709 | 899,709 |
| EBITDA | -$2.25M | $474K | $3.03M | $6.97M | $14.76M | $13.07M | $9.78M | $4.61M | $6.08M | $7.18M | $5.46M | $4.1M | $2.53M | $536K | $1.49M | $1.49M | $2.37M | $1.91M | $2.01M | $1.75M | $1.3M | $968K | $586K | $850K | $369K | $336K | $429K |
| EBITDA Margin | -5.6% | 1.0% | 5.2% | 11.1% | 22.3% | 22.7% | 21.1% | 11.7% | 16.9% | 19.6% | 16.5% | 14.2% | 11.7% | 2.7% | 6.4% | 6.2% | 10.8% | 9.8% | 10.8% | 10.5% | 9.2% | 7.9% | 5.0% | 7.7% | 3.7% | 3.8% | 4.9% |
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 2010 | FY 2009 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Period Ending | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 | 2018-05-31 | 2017-05-31 | 2016-05-31 | 2015-05-31 | 2014-05-31 | 2013-05-31 | 2011-05-31 | 2010-05-31 | 2007-05-31 | 2006-05-31 | 2005-05-31 | 2004-05-31 | 2003-05-31 | 2001-05-31 | 2000-05-31 | 1999-05-31 | 1998-05-31 | 1997-05-31 | 1996-05-31 |
| Assets | |||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||
| Cash and Cash Equivalents | $11.12M | $17.85M | $15.59M | $7.28M | $2.18M | $7.72M | $10.26M | $9.21M | $10.16M | $9.29M | $5.18M | $3.71M | $1.98M | $4.84M | $2.72M | $3.15M | $2.79M | $2.25M | $1.23M | $79K | $526K | $76K | $72K | $69K | $66K | $63K | $219K |
| Short-Term Investments | $4.89M | $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 |
| Cash and Short-Term Investments | $16.01M | $17.85M | $15.59M | $7.28M | $2.18M | $7.72M | $10.26M | $9.21M | $10.16M | $9.29M | $5.18M | $3.71M | $1.98M | $4.84M | $2.72M | $3.15M | $2.79M | $2.25M | $1.23M | $79K | $526K | $76K | $72K | $69K | $66K | $63K | $219K |
| Accounts Receivable | $10.45M | $13.16M | $14M | $21.32M | $26.76M | $20.11M | $14.64M | $11.53M | $9.69M | $8.35M | $9.32M | $8.31M | $7.44M | $4.06M | $7.11M | $5.22M | $2.89M | $2.51M | $3.87M | $3.49M | $2.42M | $1.74M | $1.97M | $1.29M | $1.59M | $1.89M | $1.58M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $39K | $181K | $226K | $288K | $45K | $45K | $53K |
| Other Current Assets | $371K | $288K | $0 | $0 | $0 | $0 | $0 | $100K | $0 | $0 | $36K | $438K | $273K | $61K | $80K | $82K | $77K | $47K | $64K | $53K | $78K | $184K | $117K | $77K | $44K | $50K | $49K |
| Total Current Assets | $26.84M | $31.31M | $30.87M | $29.94M | $31.73M | $29.32M | $26.25M | $21.27M | $20.25M | $17.9M | $14.6M | $12.13M | $9.69M | $9.5M | $9.98M | $8.54M | $6.15M | $4.95M | $5.25M | $3.96M | $3.29M | $2.26M | $2.48M | $1.81M | $1.8M | $2.13M | $1.97M |
| Long-Term Assets | |||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $38.59M | $24.27M | $24.66M | $30.35M | $30.59M | $22.96M | $21.5M | $5.29M | $4.29M | $2.95M | $2.82M | $2.99M | $3.42M | $1.27M | $2.48M | $2.9M | $3.34M | $3.14M | $3.36M | $3.17M | $2.24M | $1.41M | $1.61M | $1.47M | $1.49M | $1.47M | $1.27M |
| Goodwill | $1.03M | $1.03M | $1.03M | $1.03M | $1.03M | $1.03M | $1.03M | $1.03M | $1.03M | $1.03M | $1.03M | $1.03M | $1.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $6K | $16K | $26K | $37K | $47K | $91K | $237K | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $513K | $23K | $0 | $0 | $0 | $0 | $0 | $0 | $76K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $199K | $498K | $600K | $662K | $797K | $797K |
| Other Long-Term Assets | $1.99M | -$1 | $23K | $0 | $0 | $112K | $763K | $701K | $708K | $770K | $934K | $1.12M | $1.1M | $1.02M | $836K | $794K | $656K | $605K | $553K | $499K | $437K | $1.01M | $741K | $736K | $324K | $295K | $192K |
| Total Long-Term Assets | $41.61M | $25.81M | $25.71M | $31.38M | $31.61M | $24.1M | $23.29M | $7.04M | $6.05M | $4.86M | $4.83M | $5.23M | $5.79M | $2.29M | $3.32M | $3.69M | $4M | $3.74M | $3.92M | $3.67M | $2.68M | $2.62M | $2.85M | $2.81M | $2.48M | $2.57M | $2.26M |
| 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 |
| Total Assets | $68.44M | $57.12M | $56.59M | $61.32M | $63.34M | $53.42M | $49.55M | $28.31M | $26.3M | $22.76M | $19.43M | $17.36M | $15.48M | $11.79M | $13.3M | $12.23M | $10.15M | $8.69M | $9.16M | $7.62M | $5.97M | $4.87M | $5.33M | $4.62M | $4.28M | $4.69M | $4.23M |
| Liabilities | |||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||
| Accounts Payable | $1.04M | $1.9M | $1.38M | $1.59M | $3.29M | $2.11M | $2.48M | $1.31M | $1.8M | $1.24M | $1.22M | $807K | $0 | $313K | $599K | $401K | $409K | $569K | $321K | $240K | $234K | $168K | $201K | $216K | $234K | $251K | $234K |
| Short-Term Debt | $3.21M | $3.99M | $3.59M | $3.44M | $3.07M | $3.3M | $2.87M | -$270K | $250K | $317K | $303K | $289K | $276K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $302K | $811K | $341K | $353K | $660K | $114K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $82K | $0 | $0 | $0 | $0 | $257K | $0 | $0 | $0 | $104K | $0 | $144K | $0 | $296K | $6K | $27K | $0 | $0 | $24K | $13K | $6K | $4K |
| Current Unearned Revenue | $438K | $737K | $446K | $957K | $1.17M | $876K | $828K | $270K | $365K | $209K | $121K | $0 | $0 | $0 | $862K | $160K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $279K |
| Other Current Liabilities | $0 | $0 | $0 | $2.3M | $2.24M | $0 | $1.5M | $1.47M | $0 | $0 | $1.43M | $2M | $1.63M | $1.13M | $0 | $0 | $671K | $101K | $924K | $673K | $809K | $5K | $86K | $15K | $6K | $0 | $12K |
| Total Current Liabilities | $6.36M | $8.42M | $7.69M | $8.3M | $9.77M | $8.52M | $7.68M | $2.78M | $3.46M | $3.1M | $3.07M | $3.09M | $2.52M | $1.45M | $2.48M | $1.49M | $2.18M | $1.57M | $2.39M | $1.67M | $1.07M | $962K | $1.57M | $1.07M | $996K | $1.22M | $639K |
| Long-Term Liabilities | |||||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $15.17M | $15.65M | $0 | $13.27M | $0 | $0 | $250K | $567K | $870K | $1.16M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $83K | $190K | $56K | $122K | $164K | $288K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | -$240K | -$251K | -$58K | -$413K | $0 | $0 | -$36K | $369K | $0 | $0 | $0 | $367K | $449K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $181K | $0 | $0 | $240K | $251K | $58K | $413K | $208K | $106K | $36K | $2K | $0 | $0 | $0 | $80K | $131K | $0 | $299K | $332K | $294K | $40K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | -$14.93M | -$15.4M | -$11.26M | -$12.86M | $760K | $686K | $459K | $64K | $613K | $733K | $0 | $0 | $0 | $330K | $168K | $197K | $156K | $107K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $29.68M | $12.55M | $11.25M | $15.41M | $15.9M | $11.37M | $13.68M | $969K | $791K | $745K | $1M | $1.48M | $1.89M | $0 | $447K | $579K | $330K | $467K | $530K | $450K | $146K | $83K | $190K | $56K | $122K | $164K | $288K |
| 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 |
| Total Liabilities | $36.04M | $20.96M | $18.94M | $23.7M | $25.67M | $19.89M | $21.37M | $3.75M | $4.26M | $3.84M | $4.07M | $4.57M | $4.42M | $1.45M | $2.92M | $2.07M | $2.51M | $2.04M | $2.92M | $2.12M | $1.22M | $1.05M | $1.76M | $1.13M | $1.12M | $1.39M | $927K |
| 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 |
| Common Stock | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $16K | $96K | $96K |
| Retained Earnings | $25.65M | $29.81M | $31.31M | $31.27M | $31.33M | $27.19M | $21.85M | $18.24M | $15.74M | $12.61M | $9.05M | $6.49M | $4.76M | $3.89M | $4.06M | $3.8M | $1.26M | $282K | -$501K | -$1.29M | -$1.97M | -$2.97M | -$3.23M | -$3.31M | -$3.7M | -$3.56M | -$3.56M |
| Comprehensive Income & Other | $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 |
| Other Stockholders' Equity | $6.75M | $6.32M | $6.32M | $6.32M | $6.32M | $6.32M | $6.32M | $6.31M | $6.29M | $6.28M | $6.28M | $6.29M | $6.29M | $6.29M | $6.3M | $6.35M | $6.37M | $6.35M | $6.73M | $6.78M | $6.71M | $6.78M | $6.78M | $6.79M | $6.85M | $6.77M | $6.77M |
| Total Equity | $32.41M | $36.15M | $37.65M | $37.61M | $37.67M | $33.53M | $28.18M | $24.56M | $22.05M | $18.92M | $15.35M | $12.79M | $11.06M | $10.19M | $10.37M | $10.16M | $7.64M | $6.65M | $6.24M | $5.51M | $4.75M | $3.83M | $3.57M | $3.5M | $3.16M | $3.31M | $3.3M |
| 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 | $0 | $0 |
| Total Liabilities and Equity | $68.44M | $57.12M | $56.59M | $61.32M | $63.34M | $53.42M | $49.55M | $28.31M | $26.3M | $22.76M | $19.43M | $17.36M | $15.48M | $11.64M | $13.3M | $12.23M | $10.15M | $8.69M | $9.16M | $7.62M | $5.97M | $4.87M | $5.33M | $4.62M | $4.28M | $4.69M | $4.23M |
| Supplementary Data | |||||||||||||||||||||||||||
| Total Debt | $32.71M | $16.54M | $3.59M | $18.61M | $18.72M | $14.62M | $16.14M | $0 | $250K | $567K | $870K | $1.16M | $1.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $385K | $1M | $398K | $475K | $824K | $402K |
| Net Debt | $21.59M | -$1.31M | -$12.01M | $7.89M | $16.54M | $6.9M | $5.89M | -$9.21M | -$9.91M | -$8.72M | -$4.31M | -$2.55M | -$544K | -$4.84M | -$2.72M | -$3.15M | -$2.79M | -$2.25M | -$1.23M | -$79K | -$526K | $309K | $929K | $329K | $409K | $762K | $184K |
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 2010 | FY 2009 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Period Ending | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 | 2018-05-31 | 2017-05-31 | 2016-05-31 | 2015-05-31 | 2014-05-31 | 2013-05-31 | 2011-05-31 | 2010-05-31 | 2007-05-31 | 2006-05-31 | 2005-05-31 | 2004-05-31 | 2003-05-31 | 2001-05-31 | 2000-05-31 | 1999-05-31 | 1998-05-31 | 1997-05-31 | 1996-05-31 |
| Operating Activities | |||||||||||||||||||||||||||
| Net Income | -$4.17M | -$1.05M | $483K | $836K | $5.26M | $6.33M | $4.23M | $2.83M | $3.66M | $3.96M | $2.88M | $1.91M | $868K | -$87K | $0 | $0 | $1.08M | $783K | $785K | $685K | $529K | $285K | $97K | $395K | -$149K | $5K | $92K |
| Depreciation & Amortization | $2.22M | $2.37M | $2.56M | $5.83M | $8.19M | $4.46M | $4.28M | $872K | $742K | $625K | $692K | $850K | $664K | $658K | $812K | $809K | $785K | $755K | $725K | $618K | $420K | $399K | $351K | $321K | $294K | $261K | $272K |
| Deferred Income Tax | $694K | $0 | -$263K | -$11K | $193K | -$355K | $204K | $103K | $182K | -$42K | -$50K | $0 | $0 | $0 | -$48K | -$68K | -$124K | -$16K | $27K | $280K | $86K | $232K | $63K | $28K | $142K | -$2K | -$2K |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $5K | $13K | $13K | $8K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||
| Accounts Receivable | $2.72M | $689K | $6.8M | $6.12M | -$6.66M | -$5.47M | -$3.11M | -$1.84M | -$989K | $1.05M | -$1.45M | -$432K | -$3.37M | $491K | -$1.89M | -$476K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$492K | -$532K | $0 | $0 | $0 | $0 | $128K | $147K | $0 | $0 | $0 | $39K | $70K | $45K | $62K | -$242K | -$146 | $8K | -$53K |
| Accounts Payable | -$853K | $518K | -$214K | -$1.7M | $1.18M | -$368K | $1.16M | -$492K | $563K | $19K | $415K | $0 | $0 | $0 | $198K | $72K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$397K | -$4.72M | -$3.73M | -$2.86M | -$7.81M | -$2.39M | -$2.64M | $208K | $59K | $377K | $327K | $415K | $879K | -$322K | $603K | -$232K | $0 | $0 | $0 | -$829K | $622K | -$70K | -$614K | -$122K | $401K | -$284K | $94K |
| Total Working Capital Change | $1.47M | -$3.52M | $2.85M | $1.57M | -$13.28M | -$8.23M | -$4.58M | -$2.13M | -$859K | $910K | -$712K | -$17K | -$2.49M | $169K | -$965K | -$488K | -$850K | $1.61M | -$191K | -$790K | $691K | -$25K | -$553K | -$365K | $401K | -$276K | $41K |
| Other Non-Cash Items | $136K | $5.14M | $3.73M | -$1.91M | -$43K | -$57K | -$63K | $4.1M | -$28K | -$59K | $2.13M | -$271K | $231K | -$691K | $421K | $433K | $656K | -$1.28M | $1.09M | $37K | $96K | -$39K | -$71K | $3K | -$22K | -$100K | $3K |
| Net Cash from Operating | $351K | $2.94M | $9.36M | $8.23M | $313K | $2.15M | $4.08M | $1.7M | $3.71M | $5.39M | $2.52M | $2.47M | -$730K | $49K | $219K | $688K | $1.54M | $1.85M | $2.44M | $830K | $1.82M | $852K | -$112K | $382K | $665K | -$113K | $406K |
| Investing Activities | |||||||||||||||||||||||||||
| Capital Expenditures | -$418K | -$239K | -$597K | -$2.24M | -$4.89M | -$4.41M | -$2.4M | -$1.87M | -$2.07M | -$742K | -$483K | -$269K | -$75K | -$105K | -$399K | -$211K | -$1.01M | -$529K | -$920K | -$1.55M | -$1.03M | -$206K | -$485K | -$302K | -$202K | -$465K | -$285K |
| Acquisitions | $0 | $0 | $0 | $2K | $0 | $0 | $0 | $0 | $16K | $4K | $36K | $0 | -$2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$10.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$41K | -$58K | -$8K | $0 | $0 | $0 |
| Sales of Investments | $4.12M | $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 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $154K | $709K | $0 | $3K | $90K | $163K | $36K | -$14K | $5K | -$49K | -$62K | -$62K | $94K | $73K | -$54K | -$63K | -$44K | $41K | $58K | $8K | $0 | $0 | $0 |
| Net Cash from Investing | -$7.08M | -$239K | -$597K | -$2.24M | -$4.73M | -$3.7M | -$2.4M | -$1.86M | -$1.98M | -$578K | -$447K | -$284K | -$2.07M | -$154K | -$461K | -$273K | -$918K | -$456K | -$974K | -$1.61M | -$1.07M | -$206K | -$485K | -$302K | -$202K | -$465K | -$285K |
| Financing Activities | |||||||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | $317K | $303K | $289K | - | - | - | - | - | $3.82M | - | $264K | -$264K | $83K | $617K | -$604K | $78K | $459K | -$422K | $113K |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16K | $9K | $13K | $69K | $5K | $601 | $14K | $81 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$838 | $0 | -$308 | -$19K | -$48K | -$35K | $0 | -$293K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | -$447K | -$447K | -$894K | -$1.12M | -$984K | -$626K | -$537K | -$536K | -$402K | -$313K | -$179K | $0 | -$143K | -$144K | -$145K | -$98K | -$91K | $0 | $0 | $0 | -$26K | -$17K | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$250K | $0 | $0 | $0 | -$276K | -$66K | $0 | $0 | $0 | $0 | $0 | -$64K | $0 | -$222K | $0 | $0 | $0 | -$511 | $0 | $0 |
| Net Cash from Financing | $0 | -$447K | -$447K | -$894K | -$1.12M | -$984K | -$626K | -$787K | -$853K | -$705K | -$602K | -$454K | -$66K | -$162K | -$192K | -$180K | -$82K | -$376K | -$315K | $333K | -$301K | -$642K | $600K | -$77K | -$460K | $422K | -$113K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.11M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$6.73M | $2.26M | $8.31M | $5.1M | -$5.54M | -$2.54M | $1.05M | -$953K | $872K | $4.11M | $1.47M | $1.73M | -$2.87M | $4.84M | -$433K | $235K | $543K | $1.02M | $1.15M | -$447K | $449K | $4K | $3K | $3K | $3K | -$156K | $8K |
| Supplementary Data | |||||||||||||||||||||||||||
| Operating Cash Flow | $351K | $2.94M | $9.36M | $8.23M | $313K | $2.15M | $4.08M | $1.7M | $3.71M | $5.39M | $2.52M | $2.47M | -$730K | $49K | $219K | $688K | $1.54M | $1.85M | $2.44M | $830K | $1.82M | $852K | -$112K | $382K | $665K | -$113K | $406K |
| Capital Expenditure | -$418K | -$239K | -$597K | -$2.24M | -$4.89M | -$4.41M | -$2.4M | -$1.87M | -$2.07M | -$742K | -$483K | -$269K | -$75K | -$105K | -$399K | -$211K | -$1.01M | -$529K | -$920K | -$1.55M | -$1.03M | -$206K | -$485K | -$302K | -$202K | -$465K | -$285K |
| Free Cash Flow | -$67K | $2.71M | $8.76M | $5.99M | -$4.57M | -$2.26M | $1.67M | -$170K | $1.64M | $4.65M | $2.04M | $2.2M | -$805K | -$56K | -$179K | $477K | $530K | $1.32M | $1.52M | -$717K | $793K | $646K | -$597K | $80K | $463K | -$578K | $121K |
| Cash at Beginning | $17.85M | $15.59M | $7.28M | $2.18M | $7.72M | $10.26M | $9.21M | $10.16M | $9.29M | $5.18M | $3.71M | $1.98M | $4.84M | $0 | $3.15M | $2.92M | $2.25M | $1.23M | $79K | $526K | $78K | $72K | $69K | $66K | $63K | $219K | $211K |
| Cash at End | $11.12M | $17.85M | $15.59M | $7.28M | $2.18M | $7.72M | $10.26M | $9.21M | $10.16M | $9.29M | $5.18M | $3.71M | $1.98M | $4.84M | $2.72M | $3.15M | $2.79M | $2.25M | $1.23M | $79K | $526K | $76K | $72K | $69K | $66K | $63K | $219K |