COSCIENS Biopharma Inc. (CSCIF)
COSCIENS Biopharma Inc., a life science company, develops and commercializes products for the cosmeceutical, nutraceutical and pharmaceutical markets in the United States, Germany, the United Kingdom, and internationally. It operates through Active Ingredient and Pharmaceutical segments. The company offers active ingredients comprising oat beta glucan, a functional ingredient that supports overall health and wellness; oat powder and peptides; oat oil which is extracted from whole oat kernels by a gentle process that retains all the important biologically active components; and avenanthramides, a natural-based ingredients used to inflammation-based diseases for the cosmeceutical and pharmaceutical industries. It also provides Macrilen/Ghryvelin (macimorelin), an orally active peptidomimetic small molecule that stimulates the secretion of growth hormone from the pituitary gland. The company sells its products through its distribution network. It has license agreements with Pharmanovia, Davimed GmbH, and NK MEDITECH Ltd, as well as Agriculture Canada, Canadian Government, and University of Alberta. The company was formerly known as Aeterna Zentaris Inc. and changed its name to COSCIENS Biopharma Inc. in August 2024. COSCIENS Biopharma Inc. was incorporated in 1990 and is based in Toronto, Canada.
Sector: Perfumes, Cosmetics & Other Toilet Preparations
Industry: Medical - Pharmaceuticals
COSCIENS Biopharma Inc.
OTC:CSCIFHealthcare · Medical - Pharmaceuticals
-2.40%$6.10
Mkt Cap$2.15M
Float-
O/S352K
Inst Own-
SI0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$7.62M
Net Income-$10.53M
Total Assets$21.37M
Free Cash Flow-$9.33M
Debt & Equity
Debt 36%
Equity 64%
Total Debt$2.14M
Total Equity$3.83M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
2-year cumulative
1:450Over cap
Past the 1:250 Nasdaq cap, ineligible for a bid-price compliance period
- 1:150Reverse splitJul 7, 2026150 shares → 1
- 1:3Reverse splitJul 6, 20263 shares → 1
Balance Sheet Details
Assets$21.37M
Liabilities$17.54M
Accounts Receivable$1.26M
Accounts Payable$743K
Inventory$1.3M
PP&E (Net)$9.78M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD |
| 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 |
| Revenue | $7.62M | $13.78M | $7.14M | $14.57M | $6.65M | $4.65M | $9.86M | $8.51M | $10.28M | $10.17M | $7.69M | $7.66M | $6.04M | $5.19M | $5.67M | $28.69M | $72.18M | $35.91M | $3.48M | $2.84M | $2.31M | $1.63M | $1.71M | $945K | $722K | $539K | $225K | $260K | $1.61M | $438K |
| YoY Growth | -44.7% | 93.0% | -51.0% | 119.1% | 43.1% | -52.9% | 15.8% | -17.2% | 1.0% | 32.3% | 0.4% | 26.8% | 16.4% | -8.4% | -80.2% | -60.2% | 101.0% | 931.6% | 22.6% | 22.9% | 41.9% | -4.8% | 81.1% | 30.8% | 33.9% | 139.4% | -13.3% | -83.8% | 267.1% | - |
| Cost of Revenue | $4.93M | $6.98M | $4.21M | $6.02M | $5.28M | $5.88M | $5.69M | $4M | $4.5M | $3.21M | $2.62M | $3.55M | $3.22M | $2.73M | $2.49M | $19.37M | $31.21M | $2.42M | $1.81M | $1.49M | $967K | $851K | $716K | $463K | $458K | $345K | $138K | $65K | $1.33M | $365K |
| Gross Profit | $2.69M | $6.8M | $2.94M | $8.56M | $6.54M | $5.98M | $4.17M | $4.51M | $5.78M | $6.96M | $5.06M | $4.1M | $2.91M | $2.46M | $3.18M | $9.32M | $40.97M | $1.06M | $1.67M | $1.35M | $1.34M | $777K | $995K | $482K | $264K | $194K | $87K | $195K | $280K | $73K |
| Gross Margin | 35.3% | 49.3% | 41.1% | 58.7% | 98.3% | 128.6% | 42.3% | 52.9% | 56.3% | 68.4% | 65.9% | 53.6% | 48.2% | 47.4% | 56.1% | 32.5% | 56.8% | 2.9% | 48.0% | 47.7% | 58.1% | 47.7% | 58.2% | 51.0% | 36.6% | 36.0% | 38.7% | 75.0% | 17.4% | 16.7% |
| Research and Development | $3M | $8.3M | $2.04M | $1.37M | $3.04M | $1.48M | $1.83M | $1.96M | $1.28M | $684K | $451K | $498K | $687K | $861K | $976K | $774K | $48.1M | $49.66M | $702K | $314K | $140K | $252K | $273K | $165K | $249K | $196K | $276K | $520K | $1.61M | $73K |
| Selling, General, and Administrative | $10.06M | $10.45M | $5.53M | $2.87M | $2.58M | $2.66M | $2.59M | $2.37M | $2.28M | $1.63M | $1.82M | $1.72M | $1.68M | $2M | $1.45M | $1.35M | $1.78M | $2.03M | $1.69M | $1.17M | $1.07M | $802K | $761K | $522K | $435K | $519K | $552K | $715K | $2.59M | $1.31M |
| Other | $245K | $14.33M | $1 | $119K | $11.88M | $4.82M | $200K | $87K | $109K | $181K | $178K | $162K | $119K | $113K | $177K | $32.89M | -$47.99M | -$49.56M | -$208K | -$146K | $139K | $76K | $46K | $15K | $15K | $19K | $0 | $65K | $1.54M | $219K |
| Total Operating Expenses | $13.31M | $33.08M | $7.57M | $4.24M | $17.5M | $8.96M | $4.62M | $4.41M | $3.67M | $2.49M | $2.45M | $2.38M | $2.49M | $2.98M | $2.61M | $35.02M | $1.89M | $2.13M | $2.19M | $1.34M | $1.35M | $1.13M | $1.08M | $702K | $699K | $733K | $829K | $1.3M | $5.73M | $1.61M |
| Operating Income (EBIT) | -$10.62M | -$14.02M | -$4.63M | $4.32M | -$10.96M | -$8.12M | -$449K | $94K | $2.11M | $4.46M | $2.62M | $1.72M | $420K | -$517K | $573K | -$25.69M | -$27.8M | -$1.08M | -$519K | $19K | -$3K | -$353K | -$86K | -$220K | -$435K | -$539K | -$741K | -$1.1M | -$5.45M | -$1.53M |
| Operating Margin | -139.3% | -101.7% | -64.8% | 29.6% | -164.8% | -174.6% | -4.6% | 1.1% | 20.6% | 43.9% | 34.0% | 22.5% | 6.9% | -10.0% | 10.1% | -89.5% | -38.5% | -3.0% | -14.9% | 0.7% | -0.1% | -21.7% | -5.0% | -23.3% | -60.2% | -99.9% | -329.0% | -425.0% | -339.1% | -350.0% |
| Interest Expense | $171K | $129K | $136K | $143K | $21K | $775K | $607K | $0 | $0 | $0 | $0 | $0 | $0 | $113K | $177K | $5.64M | $5K | $69K | $44K | $46K | $52K | $29K | $48K | $94K | $113K | $95K | $0 | $100K | $0 | $100K |
| Interest Income | $288K | $441K | $59K | $145K | $0 | $0 | $0 | $359K | $99K | $200K | $132K | $160K | $181K | $0 | $0 | $1.87M | $380K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K |
| Other Income (Expense) | $95K | -$1.2M | $259K | $208K | $245K | $1.77M | -$421K | -$770K | -$2.45M | -$473K | $147K | -$350K | -$255K | -$24K | -$7K | $0 | -$874K | $0 | -$884K | -$252K | -$46K | $22K | $426K | $294K | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$10.52M | -$15.22M | -$4.37M | $4.53M | -$10.72M | -$6.35M | -$870K | -$676K | -$339K | $3.99M | $2.76M | $1.37M | $165K | -$541K | $566K | -$29.47M | -$28.68M | -$55.05M | -$1.4M | -$234K | -$49K | -$331K | $341K | $74K | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Tax Expense | $10K | $84K | -$885K | $1.08M | -$138K | $531K | -$3K | -$445K | $423K | $1.3M | -$784K | $0 | -$506K | $0 | $0 | $0 | -$460K | $777K | -$4.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$10.53M | -$15.31M | -$3.48M | $3.45M | $2.64M | $1.46M | -$867K | -$232K | -$762K | $2.69M | $3.55M | $1.37M | $165K | -$541K | $566K | $464K | -$66K | -$2.96M | -$1.4M | -$234K | -$49K | -$331K | $341K | $74K | -$217K | -$611K | -$621K | -$9.29M | -$13.84M | -$2.7M |
| Net Income Margin | -138.1% | -111.1% | -48.8% | 23.7% | 39.7% | 31.3% | -8.8% | -2.7% | -7.4% | 26.5% | 46.1% | 17.9% | 2.7% | -10.4% | 10.0% | 1.6% | -0.1% | -8.2% | -40.3% | -8.2% | -2.1% | -20.3% | 19.9% | 7.8% | -30.1% | -113.2% | -275.8% | -3575.0% | -860.9% | -616.7% |
| Supplementary Data | ||||||||||||||||||||||||||||||
| EPS | -29.97 | -53.37 | -17.01 | 22.86 | 11.97 | 7.65 | -4.32 | -1.17 | -3.87 | 19.17 | 30.42 | 10.89 | 1.08 | -3.42 | 3.78 | 3.78 | -0.51 | -23.94 | -12.60 | -2.43 | -0.51 | -3.15 | 5.85 | 0.99 | -2.79 | -10.98 | -10.53 | -195.84 | -338.49 | -55.62 |
| Diluted EPS | -29.97 | -53.37 | -17.01 | 16.74 | 11.97 | 7.65 | -4.32 | -1.17 | -3.87 | 19.17 | 30.42 | 10.89 | 1.08 | -3.42 | 3.78 | 3.78 | -0.51 | -23.94 | -12.60 | -2.43 | -0.51 | -3.15 | 5.49 | 0.99 | -2.79 | -10.98 | -10.53 | -195.84 | -338.49 | -55.62 |
| Weighted Average OS | 351,700 | 286,812 | 205,248 | 204,433 | 203,678 | 203,470 | 202,405 | 199,816 | 197,568 | 177,485 | 162,064 | 159,698 | 158,065 | 158,065 | 148,317 | 139,554 | 130,004 | 123,376 | 111,019 | 97,518 | 95,285 | 104,295 | 82,794 | 75,896 | 76,989 | 55,670 | 59,000 | 47,466 | 40,882 | 48,511 |
| EBITDA | -$9.41M | -$13.49M | -$2.32M | $6.14M | -$10.79M | $3.04M | $687K | $13.86M | -$29K | $4.29M | $3.08M | $1.68M | $496K | -$134K | $1.03M | -$23.56M | $546K | -$731K | -$397K | -$128K | $136K | -$276K | -$39K | -$205K | -$420K | -$520K | -$741K | -$1.04M | -$3.91M | -$1.31M |
| EBITDA Margin | -123.4% | -97.9% | -32.5% | 42.1% | -162.2% | 65.3% | 7.0% | 162.8% | -0.3% | 42.1% | 40.1% | 22.0% | 8.2% | -2.6% | 18.2% | -82.1% | 0.8% | -2.0% | -11.4% | -4.5% | 5.9% | -17.0% | -2.3% | -21.7% | -58.1% | -96.4% | -329.0% | -400.0% | -243.5% | -300.0% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD |
| 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 |
| Assets | ||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $7.29M | $16.39M | $8.85M | $10.18M | $6.1M | $30.88M | $1.42M | $1.35M | $4.91M | $6.81M | $1.21M | $235K | $1.83M | $275K | $580K | $187K | $110K | $14K | $1.29M | $267K | $377K | $80K | $192K | $16K | $32K | $25K | $0 | $0 | $0 | $730K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $26.71M | $0 | $0 | $0 | $0 | $0 | $493K | $31.11M | $0 | $26.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $7.29M | $16.39M | $8.85M | $10.18M | $6.1M | $4.21M | $1.42M | $1.35M | $4.91M | $6.81M | $1.21M | $235K | $1.83M | $275K | $580K | $187K | $110K | $14K | $1.29M | $267K | $377K | $80K | $192K | $16K | $32K | $25K | $0 | $0 | $0 | $730K |
| Accounts Receivable | $1.26M | $2.47M | $290K | $2.13M | $1.68M | $1.66M | $2.84M | $2.25M | $1.16M | $512K | $478K | $547K | $498K | $456K | $456K | $570K | $144K | $453K | $715K | $544K | $846K | $312K | $396K | $175K | $50K | $47K | $69K | $65K | $140K | $876K |
| Inventory | $1.3M | $2.69M | $4.01M | $2.77M | $1.82M | $949K | $512K | $522K | $863K | $880K | $895K | $585K | $304K | $794K | $677K | $279K | $494K | $334K | $158K | $138K | $196K | $287K | $89K | $36K | $55K | $42K | $0 | $0 | $0 | $803K |
| Other Current Assets | $220K | $210K | -$2.06M | $0 | $79.82M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $712K | $0 | $0 | $0 | $0 | $56.27M | $0 | $0 | $42K | $0 | $0 | $0 | $6K | $69K | $65K | $70K | $0 |
| Total Current Assets | $11.47M | $23.98M | $11.27M | $15.17M | $89.55M | $7.1M | $4.91M | $4.5M | $7.15M | $8.48M | $2.77M | $1.42M | $2.96M | $2.39M | $1.83M | $1.11M | $808K | $869K | $58.57M | $1.1M | $1.5M | $776K | $700K | $236K | $171K | $120K | $138K | $130K | $210K | $2.41M |
| Long-Term Assets | ||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $9.78M | $10.97M | $11.64M | $11.94M | $192K | $14.58M | $15.13M | $65K | $127K | $10.66M | $256K | $5.14M | $1.74M | $1.44M | $1.49M | $1.69M | $1.81M | $1.81M | $2.28M | $524K | $585K | $599K | $268K | $174K | $63K | $76K | $69K | $65K | $140K | $6.06M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $11.22M | $0 | $11.21M | $8.61M | $0 | $10.87M | $0 | $0 | $9.47M | $0 | $0 | $0 | $0 | $10.49M | $10.75M | $9.78M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $7K | $9K | $12K | $75K | $16K | $85K | $90K | $23K | $329K | $31K | $62K | $1.13M | $35K | $24K | $26K | $25K | $30.78M | $39.11M | $41.35M | $0 | $0 | $0 | $0 | $0 | $0 | $130K | $4.19M | $4.38M |
| Long-Term Investments | $125K | $123K | $8K | $322K | $335K | $338K | $364K | $418K | $381K | $496K | $255K | $841K | $865K | $826K | $806K | $0 | $921K | $0 | $0 | $66.43M | $1.08M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $75K | $0 | $222K | $686K | $290K | $4.41M | $8.99M | $48K | $907K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $74 | $743K | $365K | $10.98M | -$11.07M | $167K | -$2.1M | -$3.24M | -$66K | -$4.07M | -$810K | -$838K | -$11.35M | -$71K | $0 | -$921K | $0 | $19.14M | -$116.14M | -$52.21M | $54K | $0 | $0 | $0 | $0 | -$6K | $0 | $4.61M | $730K |
| Total Long-Term Assets | $9.9M | $11.09M | $12.48M | $12.63M | $11.74M | $15.82M | $15.97M | $14.09M | $14.96M | $11.16M | $8.54M | $5.2M | $1.83M | $1.52M | $2.26M | $1.71M | $1.84M | $1.83M | $62.7M | $668K | $585K | $653K | $268K | $174K | $63K | $76K | $63K | $195K | $8.94M | $11.16M |
| 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 |
| Total Assets | $21.37M | $35.07M | $23.75M | $75.24M | $101.29M | $47.09M | $20.88M | $18.59M | $22.11M | $19.64M | $71.45M | $6.62M | $4.79M | $3.91M | $4.09M | $2.82M | $2.65M | $2.7M | $4.63M | $1.77M | $2.08M | $1.43M | $968K | $410K | $235K | $196K | $201K | $325K | $9.15M | $13.57M |
| Liabilities | ||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||
| Accounts Payable | $743K | $2.41M | $280K | $2.04M | $1.18M | $1.51M | $1.09M | $1.75M | $1.22M | $721K | $1.45M | $1.54M | $934K | $581K | $662K | $6.38M | $8.55M | $11.07M | $499K | $288K | $245K | $593K | $334K | $288K | $328K | $1.17M | $1.1M | $845K | $1.61M | $1.09M |
| Short-Term Debt | $214K | $0 | $394K | $114K | $165K | $57K | $141K | $301K | $743K | $800K | $1.39M | $725K | $538K | $170K | $151K | $614K | $133K | $49K | $114K | $63K | $99K | $140K | $161K | $107K | $52K | $217K | $345K | $195K | $769K | $2.63M |
| Current Income Tax Payable | $0 | $130K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $69K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $120K | $217K | $2.95M | $6.13M | $2.19M | $991K | $74K | $486K | $364K | $845K | $140K | $339K | $1.71M | $560K | $0 | $57K | $47K | $108K | $90K | $198K | $67K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $1.63M | $2.6M | -$8K | $3.78M | -$8.07M | -$3.32M | -$3.03M | -$2.18M | $394K | $0 | $0 | $109K | $237K | $96K | $73K | -$5.07M | $0 | $2.46M | $140K | $112K | $92K | $87K | $79K | $0 | $13K | $89K | $0 | -$65K | $0 | $292K |
| Total Current Liabilities | $3.6M | $7.22M | $1.31M | $9.54M | $227K | $1.09M | $1.33M | $998K | $3.23M | $1.89M | $3.75M | $2.55M | $2.08M | $2.58M | $1.48M | $1.93M | $2.02M | $15.7M | $861K | $553K | $634K | $887K | $574K | $395K | $392K | $1.47M | $1.45M | $975K | $2.38M | $4.01M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $47K | $166K | $471K | $1.08M | $1.81M | $2.26M | $2.36M | $762K | $907K | $1.08M | $1.59M | $172K | $1.51M | $343K | $376K | $392K | $17K | $377K | $20K | $36K | $69K | $0 | $210K | $3.72M |
| Long-Term Unearned Revenue | $1.06M | $914K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $735K | $166K | $211K | $67.01M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $808K | $0 | $0 | $290K | $385K | $481K | $0 | $80K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $10.96M | $11.73M | $0 | $0 | $535K | $24.18M | $0 | $0 | $0 | $0 | $0 | $0 | $119K | $551K | $457K | $298K | $131K | $10.9M | $689K | $613K | $676K | $55K | $82K | $52K | $537K | $279K | -$6K | $65K | $0 | $0 |
| Total Long-Term Liabilities | $13.94M | $14.69M | $1.85M | $2.46M | $1.85M | $24.24M | $2.46M | $551K | $952K | $1.08M | $1.89M | $2.26M | $2.48M | $1.31M | $2.1M | $1.54M | $1.93M | $78.1M | $2.2M | $957K | $1.05M | $448K | $99K | $429K | $557K | $316K | $63K | $65K | $210K | $3.72M |
| 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 |
| Total Liabilities | $17.54M | $21.91M | $2.71M | $27.42M | $2.61M | $30.28M | $3.79M | $1.55M | $4.19M | $2.97M | $41.46M | $4.82M | $4.56M | $3.89M | $3.58M | $3.47M | $3.96M | $93.79M | $3.06M | $1.51M | $1.69M | $1.33M | $673K | $825K | $949K | $1.79M | $1.51M | $1.04M | $2.59M | $7.73M |
| 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 |
| Common Stock | $22.56M | $22.49M | $13.52M | $397.26M | $293.01M | $299.03M | $12.56M | $11.98M | $222.34M | $213.98M | $283.87M | $150.54M | $0 | $122.54M | $6.19M | $60.9M | $43.23M | $33M | $30.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$20.45M | -$12.11M | $4.36M | -$476.7M | -$334.17M | -$410.56M | $965K | $1.76M | -$314.16M | -$298.06M | -$376.34M | -$222.32M | -$6.16M | -$6.77M | -$6.07M | -$160.43M | -$7.06M | -$6.02M | -$3.76M | -$2M | -$1.77M | -$1.67M | -$1.24M | -$1.3M | -$29.59M | -$31.16M | -$31.62M | -$29.18M | -$21.45M | -$7.95M |
| Comprehensive Income & Other | -$2.44M | -$1.48M | -$712K | $5.58M | $4.4M | $14.5M | $0 | $11K | $271K | $1.7M | $1.13M | -$377K | -$16K | $0 | $0 | $91.2M | $0 | $0 | $0 | $0 | $0 | $101K | $102K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.72M | $2.79M | $3.16M | $127.88M | $108.59M | $128.34M | $3.56M | $3.3M | $109.75M | $100.74M | $122.46M | $73.58M | $6.39M | -$115.76M | $389K | $98.87M | -$37.48M | -$28.57M | -$24.72M | $2.26M | $2.17M | $1.76M | $1.53M | $886K | $28.87M | $29.56M | $30.31M | $28.47M | $28.02M | $13.79M |
| Total Equity | $3.83M | $13.16M | $21.04M | $48.44M | $67.44M | $16.81M | $17.08M | $17.04M | $17.93M | $16.67M | $29.99M | $1.8M | $230K | $14K | $507K | -$655K | -$1.31M | -$1.59M | $1.57M | $261K | $397K | $95K | $295K | -$415K | -$714K | -$1.59M | -$1.31M | -$715K | $6.57M | $5.84M |
| 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 | $0 | $0 | $0 |
| Total Liabilities and Equity | $21.37M | $35.07M | $23.75M | $75.86M | $70.05M | $47.09M | $20.88M | $18.59M | $22.11M | $19.64M | $71.45M | $6.62M | $4.79M | $3.91M | $4.09M | $2.82M | $2.65M | $92.21M | $4.63M | $1.77M | $2.08M | $1.43M | $968K | $410K | $235K | $196K | $201K | $325K | $9.15M | $13.57M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Total Debt | $2.14M | $2.31M | $2.25M | $1.93M | $2.08M | $234K | $2.52M | $467K | $1.21M | $1.88M | $3.2M | $2.99M | $2.9M | $931K | $1.06M | $1.69M | $1.72M | $221K | $1.63M | $406K | $475K | $532K | $178K | $484K | $71K | $254K | $414K | $195K | $978K | $6.35M |
| Net Debt | -$5.14M | -$14.08M | -$6.6M | -$8.25M | -$4.03M | -$30.65M | $1.09M | -$887K | -$3.7M | -$4.92M | $1.99M | $2.75M | $1.06M | $657K | $479K | $1.51M | $1.61M | -$52.91M | $333K | $139K | $98K | $452K | -$13K | $468K | $39K | $228K | $414K | $195K | $978K | $5.62M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD |
| 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 |
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | -$10.53M | -$15.31M | -$4.62M | $3.45M | $2.64M | $1.46M | -$867K | -$232K | -$762K | $2.69M | $3.55M | $1.37M | $165K | -$541K | $566K | $464K | -$66K | -$2.96M | -$1.4M | -$234K | -$49K | -$331K | $341K | $74K | -$217K | -$611K | -$621K | -$9.29M | -$13.84M | -$2.7M |
| Depreciation & Amortization | $1.21M | $1.61M | $1.91M | $1.47M | $178K | $1.44M | $1.4M | $425K | $259K | $267K | $283K | $255K | $275K | $294K | $291K | $291K | $341K | $277K | $122K | $126K | $139K | $76K | $46K | $15K | $15K | $19K | $0 | $65K | $1.54M | $219K |
| Deferred Income Tax | $0 | $79K | -$885K | $1.08M | -$222K | $0 | $0 | -$442K | $430K | $983K | -$784K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | -$12K | $464K | $254K | $69K | $14K | $107K | $163K | $247K | $467K | $108K | $418K | $96K | $68K | $34K | $49K | $61K | $100K | $94K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||
| Accounts Receivable | $1.16M | -$2.42M | $1.79M | -$615K | -$138K | -$1.3M | -$493K | -$1.18M | -$708K | $306K | -$455K | -$90K | -$72K | $12K | $103K | -$419K | $382K | $129K | -$75K | $299K | $1.29M | $116K | -$185K | -$124K | -$6K | $12K | $0 | $0 | $0 | $0 |
| Inventory | $1.44M | $1.59M | -$1.17M | -$1.06M | -$874K | $1.5M | $32K | $275K | $121K | $0 | -$406K | -$306K | $438K | -$99K | -$404K | $237K | -$105K | -$206K | $4K | $58K | -$613K | -$191K | -$45K | $19K | -$15K | -$12K | $0 | $0 | $0 | $0 |
| Accounts Payable | -$2.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $74K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.83M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $181K | -$847K | -$560K | $735K | -$147K | -$1.57M | $415K | -$622K | $1.3M | -$2.21M | $239K | $539K | -$413K | $337K | $454K | -$323K | -$1.37M | $1.78M | $159K | -$181K | -$1.5M | $227K | $62K | $45K | -$100K | $77K | $276K | -$585K | $1.89M | $146K |
| Total Working Capital Change | $297K | -$1.67M | $58K | -$936K | -$1.16M | -$1.37M | -$46K | -$1.52M | $786K | -$1.91M | -$622K | $143K | -$47K | $250K | $153K | -$505K | -$1.09M | $1.7M | $88K | $175K | $4M | $152K | -$167K | -$60K | -$120K | $77K | $276K | -$585K | $1.89M | $146K |
| Other Non-Cash Items | $412K | $266K | -$207K | -$18.27M | -$12.29M | -$7.19M | -$11.63M | -$33K | -$24.92M | $1.49M | -$34.01M | -$31.51M | -$101 | -$30.97M | -$268K | -$33.18M | -$207K | -$301K | $96K | $73K | -$4.46M | $26K | -$165K | -$86K | -$135K | $9K | $138K | $8.19M | $7.27M | $949K |
| Net Cash from Operating | -$8.61M | -$14.57M | -$3.49M | -$13.14M | -$10.84M | -$5.55M | -$10.97M | -$1.56M | -$23.74M | $3.63M | -$31.17M | -$29.64M | $460K | -$30.94M | $792K | -$32.87M | -$925K | -$1.19M | -$1.1M | $141K | -$369K | -$77K | $54K | -$58K | -$457K | -$506K | -$207K | -$1.62M | -$3.14M | -$1.39M |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | -$718K | -$1.16M | -$722K | -$304K | -$556K | -$485K | -$259K | -$9K | -$3.2M | -$3.71M | -$3.03M | -$3.98M | -$2.16M | -$201K | -$123K | -$91K | -$50K | -$1.05M | -$1.62M | -$67K | -$104K | -$397K | -$103K | -$125K | -$7K | -$22K | -$69K | -$130K | -$12.23M | -$4.52M |
| Acquisitions | $248K | $26.04M | $0 | $0 | $991 | $6K | $0 | $23K | -$514K | $0 | $465K | $63K | $0 | $0 | $0 | $33K | $0 | $12.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$8K | -$960 | -$20K | $0 | $0 | -$47K | $0 | -$247K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.44M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $4K | $197K | $0 | $0 | $0 | $53K | $51K | $0 | $198K | $0 | $554K | $0 | $0 | $0 | $0 | $0 | $0 | $25.96M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $10K | -$13K | $293K | -$257K | $502K | $259K | -$982K | $3.83M | -$595K | $2.85M | $3.86M | -$35K | -$45K | -$15K | $6K | $0 | $2.9M | $0 | -$144K | $55K | -$54K | $0 | $0 | $0 | $2K | $69K | $0 | -$419K | -$292K |
| Net Cash from Investing | -$466K | $25.08M | -$743K | -$12K | -$832K | $75K | $51K | -$1.01M | $318K | -$4.55M | $841K | -$58K | -$2.2M | -$245K | -$138K | -$52K | -$50K | $39.2M | -$1.62M | -$211K | -$49K | -$451K | -$103K | -$125K | -$7K | -$20K | $0 | -$130K | -$12.65M | -$4.82M |
| Financing Activities | ||||||||||||||||||||||||||||||
| Debt Repaid | $365K | $421K | $370K | $330K | $262K | $362K | $528K | $697K | $873K | $790K | $17K | -$308K | -$1.95M | $155K | $59K | $139K | -$352K | $94K | $817K | $849K | $827K | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $13K | $63K | $50.62M | $21.83M | $4.61M | $0 | $8.32M | $7.44M | $45.52M | $23.23M | $22.99M | $24.36M | $37.52M | $27.04M | $445K | -$353K | $2.88M | $77K | $307K | $92K | $274K | $0 | $53K | $16K | $0 | $2.47M | $14.95M | $6.71M |
| Common Stock Repurchases | -$43K | -$159K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$219K |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$6K | -$8K | -$7K | $154K | $14.18M | $6.05M | -$101K | $91K | $873K | -$181K | -$8.62M | -$308K | -$21.62M | -$24.16M | $0 | $306K | $0 | -$666K | $1.63M | $733K | $1.23M | -$31K | $45K | $26K | $37K | $535K | $69K | -$65K | $629K | $0 |
| Net Cash from Financing | -$414K | -$588K | -$364K | -$113K | $64.54M | $27.52M | $3.98M | -$606K | $8.32M | $6.47M | $37.58M | $23.23M | $3.32M | $42K | $37.46M | $26.98M | $1.07M | -$1.11M | $3.7M | -$39K | $712K | $401K | $221K | $166K | $473K | $536K | $276K | $1.75M | $15.86M | $5.55M |
| Forex Effect | $412K | -$212K | -$40.21M | -$1.36M | -$624K | -$1.06M | $266K | $0 | $881K | $0 | $23.4M | -$25.93M | $0 | $0 | $0 | $4.84M | $0 | $5.16M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$9.08M | $9.71M | -$4.95M | -$14.62M | $51.69M | $20.71M | -$9.63M | -$3.18M | -$14.22M | $5.56M | $30.65M | -$32.4M | $28.01M | -$321K | $397K | -$1.1M | $95K | $42.06M | $981K | -$109K | $294K | -$127K | $172K | -$16K | $8K | $9K | $0 | $0 | $70K | -$584K |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Operating Cash Flow | -$8.61M | -$14.57M | -$2.58M | -$13.14M | -$10.84M | -$5.55M | -$10.97M | -$1.56M | $1.25M | $3.63M | $2.87M | -$32.81M | $460K | -$118K | $792K | -$32.87M | -$925K | -$909K | -$1.1M | $141K | -$369K | -$77K | $54K | -$58K | -$457K | -$506K | -$207K | -$1.62M | -$3.14M | -$1.39M |
| Capital Expenditure | -$718K | -$1.16M | -$722K | -$11K | -$38K | $0 | -$3 | -$921K | -$3.2M | -$3.71M | -$3.03M | -$3.98M | -$2.16M | -$245K | -$123K | -$85K | -$50K | -$251K | -$1.62M | -$67K | -$104K | -$397K | -$103K | -$125K | -$7K | -$22K | -$69K | -$130K | -$12.23M | -$4.52M |
| Free Cash Flow | -$9.33M | -$15.73M | -$3.3M | -$13.15M | -$10.88M | -$5.55M | -$10.97M | -$2.48M | -$1.94M | -$71K | -$161K | -$2.14M | -$1.7M | -$363K | $668K | -$32.96M | -$975K | -$1.16M | -$2.72M | $74K | -$473K | -$474K | -$49K | -$182K | -$465K | -$529K | -$276K | -$1.75M | -$15.37M | -$5.91M |
| Cash at Beginning | $16.37M | $6.68M | $13.8M | $82.57M | $30.88M | $10.18M | $19.81M | $4.53M | $29.54M | $1.25M | $40.45M | $1.68M | $15.58M | $595K | $183K | $33.07M | $16K | $11.09M | $314K | $376K | $83K | $207K | $20K | $32K | $24K | $16K | $0 | $0 | -$70K | $511K |
| Cash at End | $7.29M | $16.39M | $8.85M | $13.8M | $82.57M | $30.88M | $10.18M | $1.35M | $9.78M | $6.81M | $57.51M | $235K | $43.58M | $275K | $580K | $31.97M | $110K | $53.15M | $1.29M | $267K | $377K | $80K | $192K | $16K | $32K | $25K | $0 | $0 | $0 | -$73K |