Blue Line Protection Group, Inc. (BLPG)
Blue Line Protection Group, Inc. (BLPG) offers a range of vital services to companies operating in the legal cannabis sector throughout the United States. These include armed security, secure transportation, banking facilitation, regulatory compliance assistance, and specialized training programs. Among its offerings are comprehensive asset logistics, encompassing armored transport services for safeguarding shipments, secure cash escorts, and the vaulting of valuable assets. The company also provides financial services, specifically managing the secure movement and storage of currency. Established in 2006, the organization was initially named The Engraving Masters, Inc., before officially rebranding to Blue Line Protection Group, Inc. in May 2014. Its corporate headquarters are located in Denver, Colorado.
Sector: Retail-Miscellaneous Retail
Industry: Security & Protection Services
Blue Line Protection Group, Inc.
OTC:BLPGIndustrials · Security & Protection Services
+15.59%$0.0430
Mkt Cap$355K
Float8.17M
O/S8.25M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$4.22M
Net Income$147K
Total Assets$985K
Free Cash Flow$180K
Debt & Equity
Debt 103%
Preferred 0%
Total Debt$894K
Total Equity-$29K
Preferred Stock$200
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:100Reverse splitJul 6, 2021100 shares → 1
Balance Sheet Details
Assets$985K
Liabilities$1.01M
Accounts Receivable$305K
Accounts Payable$121K
Inventory$0
PP&E (Net)$388K
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $4.22M | $4.37M | $4.41M | $3.88M | $4.66M | $4.13M | $4.13M | $4.05M | $3.87M | $2.82M | $2.62M | $1.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | -3.3% | -1.0% | 13.7% | -16.8% | 12.8% | 0.1% | 1.9% | 4.8% | 37.0% | 7.7% | 153.7% | - | - | - | - | - | - | - | - |
| Cost of Revenue | $1.6M | $1.59M | $1.54M | $1.28M | $1.28M | $1.2M | $2.13M | $2.71M | $2.91M | $2.42M | $2.23M | $779K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $2.62M | $2.77M | $2.87M | $2.6M | $3.37M | $2.93M | $2M | $1.34M | $958K | $401K | $392K | $253K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Margin | 62.1% | 63.6% | 65.0% | 67.0% | 72.4% | 70.9% | 48.4% | 33.0% | 24.8% | 14.2% | 15.0% | 24.5% | - | - | - | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.4M | $2.43M | $2.1M | $2.52M | $2.12M | $2.14M | $2.18M | $2.08M | $1.94M | $2.02M | $1.53M | $2.85M | $15K | $15K | $15K | $12K | $10K | $22K | $8K |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $131K | $83K | $73K | $67K | $42K | $27K | $0 | $0 | $15K | $507 | $507 | $265 | $0 |
| Total Operating Expenses | $2.4M | $2.43M | $2.1M | $2.52M | $2.12M | $2.14M | $2.31M | $2.17M | $1.99M | $2.09M | $1.57M | $2.88M | $15K | $15K | $15K | $12K | $11K | $22K | $8K |
| Operating Income (EBIT) | $226K | $345K | $763K | $81K | $1.26M | $793K | -$309K | -$828K | -$1.03M | -$2M | -$1.18M | -$2.63M | -$15K | -$15K | -$15K | -$12K | -$11K | -$22K | -$8K |
| Operating Margin | 5.4% | 7.9% | 17.3% | 2.1% | 27.0% | 19.2% | -7.5% | -20.4% | -26.6% | -71.0% | -45.1% | -254.3% | - | - | - | - | - | - | - |
| Interest Expense | $108K | $182K | $243K | $195K | $583K | $745K | $840K | $1.36M | $388K | $433K | $84K | $11K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $96 | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3K | $11K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$82K | -$92K | -$412K | -$375K | $495K | -$1.73M | -$1.3M | -$425K | -$1.62M | -$433K | -$79K | $199K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $144K | $253K | $351K | -$295K | $1.75M | -$935K | -$1.61M | -$1.25M | -$2.65M | -$2.44M | -$1.26M | -$2.43M | -$15K | -$15K | -$15K | -$12K | -$11K | -$22K | -$8K |
| Income Tax Expense | -$3K | $11K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $147K | $242K | $351K | -$295K | $1.75M | -$935K | -$1.61M | -$1.25M | -$2.65M | -$2.44M | -$1.32M | -$2.43M | -$15K | -$15K | -$15K | -$12K | -$11K | -$22K | -$8K |
| Net Income Margin | 3.5% | 5.5% | 8.0% | -7.6% | 37.6% | -22.6% | -39.0% | -30.9% | -68.7% | -86.3% | -50.2% | -235.0% | - | - | - | - | - | - | - |
| Supplementary Data | |||||||||||||||||||
| EPS | 0.02 | 0.03 | 0.04 | -0.04 | 0.21 | -0.12 | -0.43 | -0.66 | -2.07 | -1.93 | -1.06 | -2.07 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.02 | -0.01 |
| Diluted EPS | 0.02 | 0.01 | 0.03 | -0.04 | 0.14 | -0.12 | -0.43 | -0.66 | -2.07 | -1.93 | -1.06 | -1.99 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.02 | -0.01 |
| Weighted Average OS | 8.25M | 8.25M | 8.25M | 8.40M | 8.46M | 8.02M | 5.74M | 1.91M | 1.28M | 1.26M | 1.25M | 1.17M | 1.07M | 1.07M | 1.07M | 1.07M | 1.07M | 1.07M | 897,518 |
| EBITDA | $470K | $665K | $846K | $154K | $2.58M | $54K | -$178K | $199K | -$2.22M | -$1.94M | -$1.13M | -$3.08M | $0 | -$15K | -$15K | -$12K | -$10K | -$22K | -$8K |
| EBITDA Margin | 11.1% | 15.2% | 19.2% | 4.0% | 55.3% | 1.3% | -4.3% | 4.9% | -57.3% | -68.6% | -43.3% | -298.3% | - | - | - | - | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | |||||||||||||||||||
| Current Assets | |||||||||||||||||||
| Cash and Cash Equivalents | $228K | $351K | $586K | $280K | $662K | $245K | $45K | $16K | $38K | $30K | $16K | $212K | $3K | $582 | $314 | $191 | $553 | $7K | $31K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $228K | $351K | $586K | $280K | $662K | $245K | $45K | $16K | $38K | $30K | $16K | $212K | $3K | $582 | $314 | $191 | $553 | $7K | $31K |
| Accounts Receivable | $305K | $314K | $368K | $373K | $328K | $323K | $337K | $300K | $206K | $134K | $125K | $163K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$30K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $36K | $0 | $0 | $0 | $0 | $0 | $0 | $22K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $568K | $706K | $988K | $685K | $1.02M | $600K | $394K | $338K | $269K | $220K | $162K | $378K | $3K | $582 | $314 | $191 | $553 | $7K | $30K |
| Long-Term Assets | |||||||||||||||||||
| Property, Plant & Equipment Net | $388K | $618K | $841K | $663K | $814K | $933K | $1.24M | $393K | $115K | $136K | $1.3M | $1.29M | $0 | $0 | $0 | $242 | $749 | $1K | $0 |
| Goodwill | $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 |
| Long-Term Investments | $0 | $0 | $0 | $32K | $29K | $32K | $32K | $39K | $33K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $29K | $32K | $32K | $3K | $3K | $3K | $3K | $3K | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $417K | $649K | $873K | $698K | $846K | $968K | $1.28M | $435K | $150K | $136K | $1.3M | $1.29M | $0 | $0 | $0 | $242 | $749 | $1K | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $736 |
| Total Assets | $985K | $1.36M | $1.86M | $1.38M | $1.87M | $1.57M | $1.67M | $773K | $419K | $355K | $1.46M | $1.67M | $3K | $582 | $314 | $433 | $1K | $9K | $31K |
| Liabilities | |||||||||||||||||||
| Current Liabilities | |||||||||||||||||||
| Accounts Payable | $121K | $181K | $512K | $555K | $738K | $1.16M | $1.05M | $814K | $642K | $417K | $332K | $296K | $2K | $2K | $2K | $0 | $0 | $0 | $120 |
| Short-Term Debt | $511K | $364K | $791K | $757K | $1.12M | $2.78M | $3.11M | $2.56M | $1.95M | $1.22M | $1.25M | $294K | $2K | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$555K | -$738K | -$1.16M | -$1.05M | -$814K | $0 | $386K | $213K | $0 | -$2K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $432K | $504K | $1.01M | $1.45M | $3.41M | $2.02M | $694K | $1.88M | $1K | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $632K | $1.17M | $1.95M | $1.91M | $2.72M | $6.36M | $5.33M | $4.1M | $4.47M | $1.63M | $1.58M | $590K | $4K | $2K | $2K | $0 | $0 | $0 | $120 |
| Long-Term Liabilities | |||||||||||||||||||
| Long-Term Debt | $268K | $536K | $774K | $1M | $1.31M | $0 | $0 | $368 | $7K | $9K | $13K | $692K | $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 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $383K | $820K | $1.28M | $1.37M | $1.77M | $567K | $786K | $58K | $7K | $9K | $13K | $692K | $0 | $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 |
| Total Liabilities | $1.01M | $1.99M | $3.23M | $3.27M | $4.49M | $6.93M | $6.12M | $4.16M | $4.48M | $1.64M | $1.6M | $1.28M | $4K | $2K | $2K | $0 | $0 | $0 | $120 |
| Stockholders' Equity | |||||||||||||||||||
| Preferred Stock | $200 | $200 | $20K | $20K | $20K | $20K | $20K | $20K | $20K | $20K | $0 | $0 | $6K | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $8K | $8K | $8K | $8K | $8K | $822K | $793K | $368K | $128K | $127K | $125K | $123K | $8K | $8K | $8K | $8K | $8K | $8K | $8K |
| Retained Earnings | -$11.23M | -$11.37M | -$11.61M | -$11.97M | -$11.67M | -$13.42M | -$12.49M | -$10.88M | -$9.63M | -$6.97M | -$4.54M | -$2.53M | -$102K | -$87K | -$72K | -$57K | -$45K | -$34K | -$12K |
| Comprehensive Income & Other | $13 | $13 | $13 | $13 | $13 | $13 | $13 | -$194K | -$166K | -$115K | -$69K | -$29K | -$6K | -$2K | -$2K | -$1K | -$772 | -$265 | $0 |
| Other Stockholders' Equity | $11.19M | $10.73M | $10.23M | $10.07M | $9.04M | $7.24M | $7.25M | $7.13M | $5.44M | $5.56M | $4.28M | $2.79M | $93K | $78K | $63K | $50K | $38K | $35K | $35K |
| Total Equity | -$29K | -$633K | -$1.37M | -$1.89M | -$2.62M | -$5.36M | -$4.45M | -$3.38M | -$4.06M | -$1.29M | -$134K | $384K | -$1K | -$1K | -$2K | $433 | $1K | $9K | $31K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $985K | $1.36M | $1.86M | $1.38M | $1.87M | $1.57M | $1.67M | $773K | $419K | $355K | $1.46M | $1.67M | $3K | $582 | $314 | $433 | $1K | $9K | $31K |
| Supplementary Data | |||||||||||||||||||
| Total Debt | $894K | $1.38M | $2.22M | $2.27M | $3.04M | $3.52M | $4.1M | $2.61M | $1.96M | $808K | $1.05M | $986K | $2K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | $666K | $1.02M | $1.63M | $1.99M | $2.38M | $3.28M | $4.05M | $2.6M | $1.92M | $777K | $1.03M | $774K | -$844 | -$582 | -$314 | -$191 | -$553 | -$7K | -$31K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | ||||||||||||||||||||
| Net Income | $147K | $242K | $351K | -$295K | $1.75M | -$935K | -$1.61M | -$1.25M | -$2.65M | -$2.44M | -$1.32M | -$2.43M | -$15K | -$15K | -$15K | -$12K | -$11K | -$22K | -$8K | $0 |
| Depreciation & Amortization | $244K | $230K | $252K | $254K | $242K | $243K | $131K | $90K | $50K | $67K | $42K | $27K | $15K | $242 | $242 | $507 | $507 | $265 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | -$223K | $0 | $0 | $578K | -$547K | -$1.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $163K | $50K | $328K | $0 | $0 | $223K | $84K | $126K | $248K | $545K | $1.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||
| Accounts Receivable | $9K | $54K | $5K | -$45K | -$5K | $14K | -$37K | -$94K | -$73K | -$8K | -$8K | -$117K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | -$100K | $5K | -$149K | -$210K | $4.31M | $1.32M | -$18K | -$3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$60K | -$171K | $55K | $67K | $100K | -$5K | $149K | $210K | $144K | $20K | $3K | $297K | $2K | $0 | $0 | $0 | $0 | -$120 | $120 | $0 |
| Other Working Capital | -$173K | -$160K | -$192K | -$125K | -$6K | $43K | -$16K | $206K | -$4.2M | -$1.41M | $1K | $692K | $0 | $268 | -$2K | -$362 | -$7K | $0 | $0 | $0 |
| Total Working Capital Change | -$225K | -$276K | -$132K | -$103K | -$12K | $57K | -$52K | $112K | $181K | -$87K | -$23K | $870K | $2K | $268 | -$2K | -$362 | -$7K | -$120 | $120 | $0 |
| Other Non-Cash Items | $28K | -$89K | $224K | $185K | -$1.08M | $1.1M | $1.19M | $110K | $1.7M | $160K | $616K | $1.29M | -$15K | -$510 | $2K | $362 | $7K | $0 | $0 | $0 |
| Net Cash from Operating | $194K | $270K | $746K | $369K | $903K | $463K | -$336K | -$856K | -$723K | -$1.47M | -$683K | -$443K | -$13K | -$15K | -$15K | -$12K | -$10K | -$22K | -$8K | $0 |
| Investing Activities | ||||||||||||||||||||
| Capital Expenditures | -$14K | -$7K | -$117K | -$34K | -$66K | -$39K | -$87K | -$217K | -$32K | -$514K | -$18K | -$1.29M | $0 | $0 | $0 | $0 | $0 | -$2K | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $722K | -$3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $200K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $40K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $722K | $46K | -$46K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$14K | $33K | -$117K | -$34K | -$66K | -$39K | -$87K | -$217K | -$32K | $208K | $25K | -$1.13M | $0 | $0 | $0 | $0 | $0 | -$2K | $0 | $0 |
| Financing Activities | ||||||||||||||||||||
| Debt Repaid | -$60K | $262K | $258K | $405K | $245K | $224K | -$452K | -$189K | -$315K | $16K | $75K | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $5K | $10K | $3K | $158K | $32K | $47K | $88K | $50K | $1.36M | $0 | $0 | $0 | $0 | $0 | $0 | $32K | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $24K | $494K | $1.12M | $797K | $904K | $0 | $296K | $15K | $15K | $13K | $11K | $4K | $0 | $0 | $10K |
| Net Cash from Financing | -$303K | -$537K | -$323K | -$718K | -$420K | -$224K | $452K | $1.05M | $793K | $1.25M | $461K | $1.78M | $15K | $15K | $15K | $11K | $4K | $0 | $32K | $10K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$280 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$123K | -$235K | $306K | -$382K | $417K | $200K | $29K | -$22K | $38K | -$16K | -$196K | $209K | $2K | $268 | $123 | -$362 | -$7K | -$23K | $24K | $10K |
| Supplementary Data | ||||||||||||||||||||
| Operating Cash Flow | $194K | $270K | $746K | $369K | $903K | $463K | -$336K | -$856K | -$723K | -$1.47M | -$683K | -$443K | -$13K | -$15K | -$15K | -$12K | -$10K | -$22K | -$8K | $0 |
| Capital Expenditure | -$14K | -$7K | -$117K | -$34K | -$66K | -$39K | -$87K | -$217K | -$32K | -$514K | -$18K | -$1.29M | $0 | $0 | $0 | $0 | $0 | -$2K | $0 | $0 |
| Free Cash Flow | $180K | $262K | $628K | $336K | $837K | $424K | -$423K | -$1.07M | -$755K | -$1.98M | -$701K | -$1.73M | -$13K | -$15K | -$15K | -$12K | -$10K | -$23K | -$8K | $0 |
| Cash at Beginning | $351K | $586K | $280K | $662K | $245K | $45K | $16K | $38K | $0 | $16K | $212K | $3K | $582 | $314 | $191 | $553 | $7K | $31K | $7K | $16K |
| Cash at End | $228K | $351K | $586K | $280K | $662K | $245K | $45K | $16K | $38K | $0 | $16K | $212K | $3K | $582 | $314 | $191 | $553 | $7K | $31K | $26K |