BIO-PATH HOLDINGS, INC. (BPTH)
Bio-Path Holdings, Inc. is a U.S.-based pharmaceutical company focused on developing RNAi nanoparticle drugs for oncology, with programs spanning both clinical and preclinical stages. Its innovative product development is centered around the DNAbilize platform, a drug delivery and antisense technology that employs a P-ethoxy modified deoxyribonucleic acid (DNA) backbone. This modification is specifically engineered to shield the DNA from premature degradation. The company's lead drug candidate, prexigebersen, is presently in Phase II clinical trials for the treatment of acute myeloid leukemia (AML) and myelodysplastic syndrome. Additionally, Bio-Path is advancing Liposomal Bcl-2 for refractory/relapsed lymphoma and chronic lymphocytic leukemia. Another promising asset, Liposomal STAT3, is in preclinical development, targeting pancreatic cancer, non-small cell lung cancer, and AML. Furthermore, prexigebersen-A is under development for various solid tumors. Bio-Path Holdings, Inc., founded in 2007, is headquartered in Bellaire, Texas.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
Bio-Path Holdings, Inc.
OTC:BPTHHealthcare · Biotechnology
$0.0003
Mkt Cap$15K
Float50.28M
O/S50.3M
Vol
$ Vol
RVOL
Inst Own-
SI<0.1%
Earnings
Dilution
Financials Summary
Revenue$0
Net Income-$8.67M
Total Assets$678K
Free Cash Flow-$1.6M
Debt & Equity
Total Debt$463K
Total Equity-$8.22M
Shares Outstanding
Short Interest
Split History3 splits · 3 reverse
- 1:20Reverse splitFeb 23, 202420 shares → 1
- 1:20Reverse splitJan 18, 201920 shares → 1
- 1:10Reverse splitFeb 9, 201810 shares → 1
Balance Sheet Details
Assets$678K
Liabilities$8.9M
Accounts Receivable$0
Accounts Payable$4.91M
Inventory$0
PP&E (Net)$11K
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 | 2007-06-30 | 2006-06-30 | 2005-06-30 | 2004-06-30 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $37K | $13K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $18K | $44K | $59K | $79K |
| YoY Growth | - | - | - | - | - | - | - | - | 184.6% | - | - | - | - | - | - | - | - | - | -57.9% | -26.3% | -25.0% | - |
| Cost of Revenue | $96K | $159K | $178K | $178K | $161K | $151K | $230K | $426K | $0 | $0 | $202K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20K | $38K | $44K | $55K |
| Gross Profit | -$96K | -$159K | -$178K | -$178K | -$161K | -$151K | -$230K | -$426K | $37K | $13K | -$202K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2K | $6K | $16K | $24K |
| Gross Margin | - | - | - | - | - | - | - | - | 100.0% | 100.0% | - | - | - | - | - | - | - | - | -9.1% | 13.8% | 26.2% | 30.1% |
| Research and Development | $6.3M | $7.29M | $11.61M | $9.16M | $5.91M | $6.58M | $4.58M | $4.6M | $5.48M | $5.47M | $3.02M | $1.83M | $1.63M | $1.6M | $1.14M | $1.14M | $480K | $333K | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.94M | $4.7M | $4.24M | $4.74M | $4.53M | $4.33M | $4.11M | $3.38M | $3.52M | $3.01M | $2.46M | $2.72M | $1.63M | $986K | $1.22M | $705K | $1.31M | $587K | $107K | $141K | $83K | $78K |
| Other | $0 | -$159K | $0 | $0 | $0 | $0 | $0 | $608K | $0 | $0 | $197K | $0 | $0 | $0 | $0 | $0 | $183K | $172K | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $8.24M | $11.83M | $15.84M | $13.9M | $10.44M | $10.91M | $8.69M | $7.98M | $9M | $8.49M | $5.48M | $4.54M | $3.27M | $2.58M | $2.37M | $1.85M | $1.97M | $1.09M | $107K | $141K | $83K | $78K |
| Operating Income (EBIT) | -$8.33M | -$11.99M | -$15.84M | -$13.9M | -$10.44M | -$10.91M | -$8.69M | -$8.59M | -$8.97M | -$8.47M | -$5.48M | -$4.54M | -$3.27M | -$2.58M | -$2.37M | -$2.33M | -$1.97M | -$2.89M | -$109K | -$135K | -$67K | -$54K |
| Operating Margin | - | - | - | - | - | - | - | - | -24232.4% | -65192.3% | - | - | - | - | - | - | - | - | -591.8% | -308.7% | -112.6% | -68.4% |
| Interest Expense | $211K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16K | $13K | $18K | $13K |
| Interest Income | $0 | $14K | $36K | $33K | $3K | $26K | $94K | $7K | $9K | $12K | $18K | $23K | $4K | $779 | $3K | $1K | $3K | $41K | $0 | $541 | $132 | $1K |
| Other Income (Expense) | -$342K | $2.1M | -$235K | $33K | $3K | $26K | $94K | $7K | $1.94M | $1.73M | $18K | $22K | $3K | -$345K | $2K | -$232K | $3K | $41K | $57K | -$13K | -$17K | -$12K |
| Income Before Tax (EBT) | -$8.67M | -$9.89M | -$16.08M | -$13.87M | -$10.44M | -$10.88M | -$8.6M | -$8.58M | -$7.02M | -$6.75M | -$5.47M | -$4.52M | -$3.27M | -$2.58M | -$2.36M | -$2.08M | -$1.97M | -$2.85M | -$52K | -$148K | -$84K | -$66K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$22K | -$3K | -$142 | -$2K | $232K | $0 | $0 | $100 | $100 | $100 | $100 |
| Net Income | -$8.67M | -$9.89M | -$16.08M | -$13.84M | -$10.44M | -$10.86M | -$8.51M | -$8.58M | -$7.02M | -$6.75M | -$5.47M | -$4.52M | -$3.27M | -$2.58M | -$2.36M | -$2.08M | -$1.97M | -$2.85M | -$53K | -$148K | -$85K | -$66K |
| Net Income Margin | - | - | - | - | - | - | - | - | -18981.1% | -51923.1% | - | - | - | - | - | - | - | - | -285.0% | -337.6% | -142.2% | -83.6% |
| Supplementary Data | ||||||||||||||||||||||
| EPS | -1.10 | -4.12 | -33.64 | -38.03 | -31.04 | -56.44 | -64.02 | -287.54 | -278.69 | -291.26 | -243.61 | -202.50 | -183.04 | -174.15 | -175.57 | -172.91 | -186.06 | -277.22 | -3.84 | -14.13 | -13.71 | -10.75 |
| Diluted EPS | -1.10 | -4.12 | -33.64 | -38.03 | -31.04 | -56.44 | -64.02 | -287.54 | -278.69 | -291.26 | -243.61 | -202.50 | -183.04 | -174.15 | -175.57 | -172.91 | -186.06 | -277.22 | -3.84 | -14.13 | -13.71 | -10.75 |
| Weighted Average OS | 7.91M | 2.40M | 478,000 | 363,800 | 336,250 | 192,350 | 132,850 | 29,850 | 25,200 | 23,175 | 22,441 | 22,321 | 17,843 | 14,829 | 13,461 | 12,038 | 10,587 | 10,291 | 13,689 | 10,471 | 6,167 | 6,167 |
| EBITDA | -$8.24M | -$9.73M | -$15.66M | -$13.69M | -$10.28M | -$10.73M | -$8.37M | -$8.16M | -$8.55M | -$8.27M | -$5.27M | -$4.35M | -$3.11M | -$2.4M | -$2.15M | -$1.88M | -$1.79M | -$2.68M | -$107K | -$132K | -$64K | -$50K |
| EBITDA Margin | - | - | - | - | - | - | - | - | -23121.6% | -63623.1% | - | - | - | - | - | - | - | - | -582.7% | -301.3% | -107.3% | -62.9% |
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 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 | 2007-06-30 | 2006-06-30 | 2005-06-30 | 2004-06-30 |
| Assets | ||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||
| Cash and Cash Equivalents | $0 | $1.17M | $1.05M | $10.38M | $23.77M | $13.76M | $20.43M | $1M | $5.96M | $9.38M | $8.85M | $13.86M | $3.55M | $534K | $952K | $239K | $567K | $1.51M | $33K | $10K | $5K | $12K |
| Short-Term Investments | $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 | $0 | $1.17M | $1.05M | $10.38M | $23.77M | $13.76M | $20.43M | $1M | $5.96M | $9.38M | $8.85M | $13.86M | $3.55M | $534K | $952K | $239K | $567K | $1.51M | $33K | $10K | $5K | $12K |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $244K | $0 | -$293K | $0 | $12K | $11K | $10K |
| Inventory | $0 | $0 | $0 | $0 | $523 | $1K | $776 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $88K | $0 | $293K | $0 | $13K | $28K | $26K |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $332K | $1.12M | $376K | $179K | $100K | $64K | $43K | $48K | $73K | $74K | $83K | $0 | $0 | $0 | $0 |
| Total Current Assets | $667K | $3.78M | $3.04M | $15.62M | $26.14M | $15.96M | $21.99M | $1.93M | $7.43M | $10.65M | $9.59M | $14.11M | $3.67M | $772K | $1.15M | $644K | $1.25M | $1.88M | $45K | $35K | $44K | $49K |
| Long-Term Assets | ||||||||||||||||||||||
| Property, Plant & Equipment Net | $11K | $84K | $178K | $356K | $428K | $519K | $670K | $406K | $654K | $614K | $72K | $113K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $92K | $94K | $97K |
| 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 | $769K | $929K | $1.09M | $1.25M | $1.41M | $1.57M | $2.08M | $2.46M | $2.43M | $2.5M | $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 | $4K | $4K | $4K |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $13.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $23K | $0 | $0 | $0 | $0 | -$13.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4K | $0 | $0 | $365 |
| Total Long-Term Assets | $11K | $107K | $178K | $356K | $428K | $519K | $670K | $406K | $1.42M | $1.54M | $1.16M | $1.36M | $1.41M | $1.57M | $2.08M | $2.46M | $2.43M | $2.5M | $4K | $96K | $98K | $101K |
| 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 | $678K | $3.88M | $3.22M | $15.97M | $26.57M | $16.48M | $22.66M | $2.33M | $8.86M | $12.2M | $10.76M | $15.48M | $5.08M | $2.34M | $3.23M | $3.11M | $3.68M | $4.39M | $49K | $131K | $142K | $150K |
| Liabilities | ||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||
| Accounts Payable | $4.91M | $1.27M | $457K | $667K | $106K | $100K | $486K | $587K | $52K | $69K | $54K | $141K | $76K | $66K | $190K | $88K | $6K | $186K | $62K | $34K | $33K | $17K |
| Short-Term Debt | $452K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $61K | $55K | $245K | $105K |
| Current Income Tax Payable | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $63K | $41K | $28K |
| Other Current Liabilities | $508K | $0 | $1.15M | $0 | $370K | $575K | $0 | $0 | $0 | $0 | $410 | $100K | $100K | $0 | $0 | $0 | $0 | $0 | -$100 | $9K | $1K | $1K |
| Total Current Liabilities | $8.88M | $3.29M | $1.91M | $1.68M | $958K | $1.17M | $1.24M | $1.12M | $791K | $1.05M | $937K | $562K | $295K | $329K | $316K | $247K | $265K | $327K | $190K | $153K | $319K | $151K |
| Long-Term Liabilities | ||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $79K | $0 | $92K |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $14K | $434K | $863K | $0 | $0 | $0 | $0 | $0 | $0 | $2.91M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $14K | $434K | $873K | $113K | $153K | $236K | $330K | $813K | $52K | $2.91M | $55K | $41K | $76K | $66K | $190K | $88K | $6K | $186K | $123K | $79K | $277K | $92K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$813K | -$52K | $0 | -$55K | -$41K | -$76K | -$66K | -$190K | -$88K | -$6K | -$186K | -$123K | $0 | -$277K | $0 |
| Total Liabilities | $8.9M | $3.73M | $2.78M | $1.8M | $1.11M | $1.41M | $1.57M | $1.12M | $791K | $3.96M | $937K | $562K | $295K | $329K | $316K | $247K | $265K | $327K | $190K | $232K | $319K | $242K |
| Stockholders' Equity | ||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19K | $19K |
| Common Stock | $9K | $6K | $1K | $1K | $7K | $5K | $4K | $1K | $11K | $96K | $90K | $90K | $84K | $62K | $58K | $49K | $43K | $42K | $0 | $0 | $0 | $0 |
| Retained Earnings | -$126.17M | -$117.5M | -$107.61M | -$91.53M | -$77.66M | -$67.22M | -$56.34M | -$47.74M | -$39.16M | -$32.13M | -$25.38M | -$19.92M | -$15.4M | -$12.13M | -$9.55M | -$7.19M | -$5.1M | -$3.13M | -$573K | -$521K | -$373K | -$288K |
| Comprehensive Income & Other | $1K | $0 | $0 | $0 | $0 | $0 | -$0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $117.94M | $117.65M | $108.05M | $105.7M | $103.11M | $82.29M | $77.42M | $48.96M | $47.21M | $40.28M | $35.11M | $34.74M | $20.1M | $14.08M | $12.41M | $10M | $8.48M | $7.15M | $433K | $420K | $196K | $196K |
| Total Equity | -$8.22M | $154K | $441K | $14.17M | $25.46M | $15.07M | $21.09M | $1.22M | $8.07M | $8.24M | $9.82M | $14.92M | $4.78M | $2.01M | $2.91M | $2.86M | $3.42M | $4.06M | -$140K | -$100K | -$177K | -$92K |
| 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 | $678K | $3.88M | $3.22M | $15.97M | $26.57M | $16.48M | $22.66M | $2.33M | $8.86M | $12.2M | $10.76M | $15.48M | $5.08M | $2.34M | $3.23M | $3.11M | $3.68M | $4.39M | $49K | $131K | $142K | $150K |
| Supplementary Data | ||||||||||||||||||||||
| Total Debt | $463K | $83K | $113K | $221K | $235K | $330K | $415K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $61K | $134K | $245K | $196K |
| Net Debt | $463K | -$1.09M | -$939K | -$10.16M | -$23.54M | -$13.43M | -$20.01M | -$1M | -$5.96M | -$9.38M | -$8.85M | -$13.86M | -$3.55M | -$534K | -$952K | -$239K | -$567K | -$1.51M | $28K | $125K | $240K | $185K |
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 | 2007-06-30 | 2006-06-30 | 2005-06-30 | 2004-06-30 |
| Operating Activities | ||||||||||||||||||||||
| Net Income | -$8.67M | -$9.89M | -$16.08M | -$13.87M | -$10.44M | -$10.88M | -$8.6M | -$8.58M | -$7.02M | -$6.75M | -$5.47M | -$4.52M | -$3.27M | -$2.58M | -$2.36M | -$2.08M | -$1.97M | -$2.85M | -$53K | -$148K | -$85K | -$66K |
| Depreciation & Amortization | $96K | $159K | $178K | $178K | $161K | $151K | $230K | $426K | $411K | $204K | $202K | $171K | $161K | $185K | $212K | $197K | $183K | $172K | $2K | $3K | $3K | $3K |
| Deferred Income Tax | $0 | $0 | $0 | -$507K | -$1.34M | -$963K | -$1.31M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $566K | $734K | $851K | $821K | $577K | $684K | $554K | $793K | $784K | $369 | $404 | $704 | $82 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$293K | $13K | $14K | -$2K | $2K |
| Accounts Payable | $4.62M | $1.41M | $227K | $700K | -$199K | -$84K | -$168K | $326K | $0 | -$146K | $375K | $0 | $0 | $0 | $0 | $0 | $265K | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $1.86M | -$731K | $2.91M | -$2.96M | -$260K | -$722K | -$508K | $545K | -$204K | -$527K | -$483K | -$140 | $122 | $0 | $0 | $0 | -$634K | $242K | $32K | $29K | $29K | $11K |
| Total Working Capital Change | $6.49M | $678K | $3.13M | -$2.26M | -$459K | -$806K | -$676K | $871K | -$204K | -$673K | -$108K | $127K | $88K | -$23K | $274K | $259K | -$370K | -$51K | $46K | $43K | $27K | $13K |
| Other Non-Cash Items | $496K | -$2.08M | $498K | $507K | $1.34M | $963K | $1.31M | $608K | -$1.93M | -$1.71M | $369K | $404K | $704K | $427K | $728K | $477K | $589K | $1.8M | -$60K | $0 | -$487 | $5K |
| Net Cash from Operating | -$1.6M | -$10.57M | -$11.54M | -$15.1M | -$9.92M | -$10.96M | -$8.36M | -$6.12M | -$7.96M | -$8.15M | -$5M | -$3.82M | -$2.31M | -$1.99M | -$1.15M | -$1.15M | -$1.57M | -$931K | -$65K | -$102K | -$55K | -$46K |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | -$21K | -$70K | $0 | $0 | -$17K | -$538K | -$338K | $0 | -$123K | $0 | -$25K | -$170K | -$230K | -$110K | -$150K | $0 | -$988 | -$219 | $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 | $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 |
| Other Investing Activities | $0 | $0 | $0 | -$21K | -$70K | $0 | $0 | -$17K | -$538K | -$338K | $0 | $0 | $0 | -$25 | $0 | $0 | -$460K | $0 | $163K | -$310 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | -$21K | -$70K | $0 | $0 | -$17K | -$538K | -$338K | $0 | -$123K | $0 | -$25K | -$170K | -$230K | -$110K | -$150K | $163K | -$1K | -$219 | $0 |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $90K | $73K | -$48K | -$37K |
| Common Stock Issuance | $1K | $10.7M | $1.68M | $1.73M | $15.85M | $4.29M | $26.7M | $1.18M | $3.57M | $9.01M | $0 | $13.81M | $5.33M | $1.6M | $2.03M | $1.05M | $738K | $1.37M | $0 | $180K | $0 | $0 |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $526K | $0 | $4.16M | $0 | $1.08M | $0 | $1.52M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $423K | $10.7M | $2.2M | $1.73M | $20.01M | $4.29M | $27.78M | $1.18M | $5.08M | $9.01M | $0 | $14.25M | $5.33M | $1.6M | $2.03M | $1.05M | $738K | $1.37M | -$75K | $108K | $48K | $48K |
| 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 | -$1.17M | $121K | -$9.33M | -$13.39M | $10.02M | -$6.67M | $19.42M | -$4.96M | -$3.41M | $521K | -$5M | $10.31M | $3.02M | -$418K | $714K | -$329K | -$940K | $288K | $23K | $4K | -$7K | $3K |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | -$1.6M | -$10.57M | -$11.54M | -$15.1M | -$9.92M | -$10.96M | -$8.36M | -$6.12M | -$7.96M | -$8.15M | -$5M | -$3.82M | -$2.31M | -$1.99M | -$1.15M | -$1.15M | -$1.57M | -$931K | -$65K | -$102K | -$55K | -$46K |
| Capital Expenditure | $0 | $0 | $0 | -$21K | -$70K | $0 | $0 | -$17K | -$538K | -$338K | $0 | -$123K | $0 | -$25K | -$170K | -$230K | -$110K | -$150K | $0 | -$988 | -$219 | $0 |
| Free Cash Flow | -$1.6M | -$10.57M | -$11.54M | -$15.12M | -$9.99M | -$10.96M | -$8.36M | -$6.14M | -$8.49M | -$8.49M | -$5M | -$3.94M | -$2.31M | -$2.02M | -$1.32M | -$1.38M | -$1.68M | -$1.08M | -$65K | -$103K | -$55K | -$46K |
| Cash at Beginning | $1.17M | $1.05M | $10.38M | $23.77M | $13.76M | $20.43M | $1M | $5.96M | $9.38M | $8.85M | $13.86M | $3.55M | $534K | $952K | $239K | $567K | $1.51M | $1.22M | $10K | $5K | $12K | $9K |
| Cash at End | $0 | $1.17M | $1.05M | $10.38M | $23.77M | $13.76M | $20.43M | $1M | $5.96M | $9.38M | $8.85M | $13.86M | $3.55M | $534K | $952K | $239K | $567K | $1.51M | $33K | $10K | $5K | $12K |