FEC Resources Inc. (FECOF)
FEC Resources Inc. is an oil and gas company primarily focused on the exploration and development of energy properties within the Philippines. The company holds a 6.8% equity interest in Forum Energy Limited, which provides it with an indirect 70% stake in the GSEC101 offshore license. This significant license covers approximately 10,360 square kilometers of sea, located to the northwest of the Philippine island of Palawan. Established in 1982, FEC Resources Inc. operates from its headquarters in Vancouver, Canada.
Sector: Crude Petroleum & Natural Gas
Industry: Oil & Gas Exploration & Production
FEC Resources Inc.
OTC:FECOFEnergy · Oil & Gas Exploration & Production
Mkt Cap$1.19M
Float123.34M
O/S992.65M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$283K
Total Assets$6.27M
Free Cash Flow-$249K
Debt & Equity
Debt 1%
Equity 99%
Total Debt$40K
Total Equity$6.19M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FECOF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$6.27M
Liabilities$75K
Accounts Receivable$0
Accounts Payable$34K
Inventory$0
PP&E (Net)$0
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9K | $0 | $938 | $667 |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 40.7% | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $205 | $87 | $126 | $178 | $256 | $365 | $0 | $0 | $4K | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $206K | $0 | $0 | $0 | $0 |
| Gross Profit | $0 | $0 | $0 | $0 | $0 | -$205 | -$87 | -$126 | -$178 | -$256 | -$365 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9K | $0 | $938 | $667 |
| Gross Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 100.0% | - | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7K | $6K | $5K | $8 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $238K | $180K | $133K | $174K | $176K | $203K | $206K | $219K | $152K | $221K | $288K | $285K | $358K | $401K | $438K | $527K | $435K | $499K | $673K | $723K | $2.87M | $2.55M | $847K | $497K | $751K | $0 |
| Other | $3K | $0 | $26K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $365 | $522 | $745 | $1K | $2K | $2K | $2K | $2K | $1.72M | $2K | $901 | $223K | $134K | -$64K | $0 | $0 |
| Total Operating Expenses | $241K | $180K | $159K | $174K | $176K | $203K | $206K | $219K | $152K | $221K | $288K | $285K | $359K | $396K | $439K | $528K | $437K | $501K | $2.4M | $724K | $2.87M | $2.78M | $981K | $434K | $751K | $0 |
| Operating Income (EBIT) | -$241K | -$180K | -$159K | -$183K | -$179K | -$212K | -$214K | -$222K | -$166K | -$215K | -$297K | -$290K | -$367K | -$408K | -$441K | -$540K | -$445K | -$501K | -$2.4M | -$745K | -$2.75M | -$2.87M | -$981K | -$497K | -$750K | $667 |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | -9022.6% | - | - | - | - | - | - | - | - | -10961.6% | - | -79954.5% | 100.0% |
| Interest Expense | $41K | $63K | $33K | $11K | $4K | $4K | $4K | $4K | $3K | $0 | $0 | $0 | $0 | $14K | $10K | $11K | $8K | $0 | $359K | $632K | $437K | $11K | $9K | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $38 | $11K | $6K | $2K | $5K | $4K | $1K | $48 | $105 | $344 | $877 | $991 | $2K | $158 | $13K | $2K | $26K | $0 | $0 | $0 | $9K | $427 | $0 |
| Other Income (Expense) | -$41K | -$65K | -$33K | -$11K | $11K | $25K | -$3K | $5K | $1.97M | -$35K | $638K | $105 | $344 | -$4.73M | $876K | -$2.71M | -$703K | -$2.99M | $193K | -$2.13M | $21.05M | -$2.69M | $980K | -$127K | -$201K | -$667 |
| Income Before Tax (EBT) | -$283K | -$244K | -$192K | -$193K | -$168K | -$187K | -$212K | -$218K | $1.8M | -$250K | $341K | -$290K | -$367K | -$5.14M | $435K | -$3.25M | -$1.15M | -$3.49M | -$2.2M | -$2.88M | $18.08M | -$5.55M | -$1K | -$625K | -$951K | $0 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.66M | -$288K | $1.75M | $0 | $0 | -$21.32M | $0 | $65K | $239K | $201K | $1.35M |
| Net Income | -$283K | -$244K | -$192K | -$193K | -$168K | -$187K | -$212K | -$218K | $1.8M | -$250K | $341K | -$290K | -$367K | -$5.14M | $435K | -$3.25M | -$1.15M | -$3.48M | -$6M | -$2.8M | $17.83M | -$6M | -$1.05M | -$672K | -$951K | -$1.35M |
| Net Income Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | -113622.3% | - | - | - | - | - | - | - | - | -11683.3% | - | -101338.7% | -202800.0% |
| Supplementary Data | ||||||||||||||||||||||||||
| EPS | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.01 | 0.00 | -0.01 | -0.00 | -0.01 | -0.03 | -0.01 | 0.10 | -0.04 | -0.01 | -0.06 | -0.11 | -0.19 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.01 | 0.00 | -0.01 | -0.00 | -0.01 | -0.03 | -0.01 | 0.10 | -0.04 | -0.01 | -0.06 | -0.11 | -0.19 |
| Weighted Average OS | 948.31M | 861.08M | 861.08M | 861.08M | 861.08M | 598.07M | 409.14M | 409.14M | 409.14M | 411.27M | 439.14M | 439.14M | 439.14M | 439.14M | 439.14M | 437.56M | 434.14M | 434.14M | 209.62M | 195.61M | 175.62M | 149.90M | 135.61M | 10.51M | 8.91M | 7.24M |
| EBITDA | $0 | -$21K | -$26K | -$20K | -$164K | -$183K | -$208K | -$214K | -$142K | -$246K | -$265K | -$287K | -$366K | -$5.13M | $451K | -$2.91M | -$1.05M | -$3.97M | -$1.87M | -$1.83M | $17.56M | -$5.09M | $141K | -$186K | $24K | $667 |
| EBITDA Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | -113379.0% | - | - | - | - | - | - | - | - | 1577.2% | - | 2544.8% | 100.0% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | ||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||
| Cash and Cash Equivalents | $15K | $6K | $7K | $13K | $114K | $181K | $43K | $229K | $425K | $312K | $564K | $192K | $480K | $878K | $1.61M | $2.05M | $37K | $154K | $4.21M | $320K | $873K | $21K | $21K | $15K | $6K | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $76K | $19.17M | $331K | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $15K | $6K | $7K | $13K | $114K | $181K | $43K | $229K | $425K | $312K | $564K | $192K | $480K | $878K | $1.61M | $2.05M | $37K | $154K | $4.21M | $396K | $20.05M | $351K | $21K | $15K | $6K | $0 |
| Accounts Receivable | $0 | $0 | $0 | $423K | $0 | $355K | $3K | $2K | $960 | $879 | $1K | $1K | $1K | $2K | $2K | $1K | $931 | $59K | $54K | $38K | $18K | $64K | $59K | $5K | $17K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $70 | $0 | $0 | $1 | $0 | $2 | $0 | -$0 | $0 | $18K | $330 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $27K | $27K | $76K | $8K | $4K | $0 | $18K | $0 | $0 |
| Total Current Assets | $24K | $14K | $17K | $445K | $122K | $544K | $53K | $238K | $433K | $320K | $571K | $211K | $500K | $899K | $1.63M | $2.07M | $57K | $241K | $4.29M | $463K | $20.12M | $419K | $97K | $38K | $23K | $0 |
| Long-Term Assets | ||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $205 | $292 | $418 | $596 | $852 | $1K | $2K | $2K | $4K | $4K | $5K | $4K | $4K | $4K | $2K | $5.2M | $6.93M | $7K | $34K | $0 |
| Goodwill | $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 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $28K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $6.24M | $8.57M | $2.46M | $1.84M | $1.84M | $1.84M | $1.67M | $1.67M | $1.67M | $0 | $0 | $0 | $0 | $0 | $4.72M | $515K | $3.5M | $5.25M | $7.99M | $0 | $0 | $0 | $0 | $0 | $478K | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $224K | $0 | $39K | $0 | $0 | $0 | $0 | $0 | $0 | -$28K | $0 | $1 | -$0 | $0 | -$1 | $10.95M | $752K | $431K | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $6.24M | $8.57M | $2.46M | $1.84M | $2.06M | $1.84M | $1.7M | $1.67M | $1.67M | $596 | $852 | $1K | $2K | $2K | $4.72M | $518K | $3.51M | $5.26M | $8M | $10.96M | $754K | $5.63M | $6.93M | $7K | $512K | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $0 |
| Total Assets | $6.27M | $8.58M | $2.48M | $2.28M | $2.18M | $2.38M | $1.76M | $1.9M | $2.1M | $320K | $572K | $212K | $502K | $902K | $6.36M | $2.59M | $3.56M | $5.5M | $12.29M | $11.42M | $20.88M | $6.05M | $7.02M | $45K | $535K | $776K |
| Liabilities | ||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||
| Accounts Payable | $34K | $42K | $17 | $15K | $13K | $43K | $122K | $56K | $34K | $59K | $42K | $22K | $23K | $75K | $89K | $97K | $60K | $105K | $980K | $109K | $150K | $985K | $316K | $124K | $0 | $0 |
| Short-Term Debt | $40K | $896K | $678K | $289K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.52M | $3.06M | $0 | $264K | $0 | $288K | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $341K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $76K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$15 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2 | $1 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $17K | $15 | $0 | $0 | $0 | $0 | $0 | $0 | $19K | $19K | $19K | $0 | $0 | $0 | $281K | $0 | $0 | $2 | $0 | $1 | $0 | $0 | $186K | $0 |
| Total Current Liabilities | $75K | $937K | $695K | $305K | $13K | $43K | $122K | $56K | $34K | $59K | $61K | $41K | $42K | $75K | $391K | $387K | $342K | $105K | $3.58M | $3.17M | $150K | $1.25M | $316K | $411K | $186K | $0 |
| 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 | $0 | $2.33M | $6.59M | $5.31M | $0 | $198K | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $0 | $0 | $289K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4K | $0 | $0 | $0 | $0 | $0 | $0 | $2.33M | $6.59M | $5.31M | $0 | $198K | $0 |
| Other Liabilities | $0 | $0 | $0 | -$289K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $75K | $937K | $695K | $305K | $13K | $43K | $122K | $56K | $34K | $59K | $61K | $41K | $42K | $75K | $391K | $387K | $342K | $105K | $3.58M | $3.17M | $2.48M | $7.84M | $5.62M | $411K | $384K | $0 |
| Stockholders' Equity | ||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $18.78M | $17.62M | $17.62M | $17.62M | $17.62M | $17.62M | $16.73M | $16.73M | $16.73M | $16.73M | $16.73M | $16.73M | $16.73M | $17K | $0 | $0 | $0 | $14.25M | $17.51M | $0 | $0 | $0 | $0 | $0 | $2.36M | $0 |
| Retained Earnings | -$19.42M | -$19.14M | -$18.9M | -$18.7M | -$18.51M | -$18.34M | -$18.16M | -$17.94M | -$17.73M | -$19.53M | -$19.28M | -$19.62M | -$19.33M | -$18.96M | -$13.83M | -$19.29M | -$15.33M | -$12.2M | -$12.9M | -$6.15M | $5.54M | -$11.88M | -$4.59M | -$2.92M | -$2.22M | $0 |
| Comprehensive Income & Other | $3.78M | $6.11M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.48M | -$1.89M | $5K | $0 | $547K | $888K | $157K | $406K | $14K | $0 | $0 |
| Other Stockholders' Equity | $6.84M | $9.16M | $3.06M | $3.06M | $3.06M | $3.06M | $3.06M | $3.06M | $3.06M | $3.06M | $3.06M | $3.06M | $3.06M | $19.77M | $19.79M | $21.49M | $18.55M | $3.34M | $4.1M | $14.41M | $12.86M | $10.09M | $5.99M | $2.56M | $13K | $559K |
| Total Equity | $6.19M | $7.65M | $1.78M | $1.98M | $2.17M | $2.34M | $1.64M | $1.85M | $2.06M | $262K | $511K | $170K | $460K | $827K | $5.97M | $2.2M | $3.22M | $5.39M | $8.71M | $8.25M | $18.39M | -$1.79M | $1.39M | -$366K | $152K | $559K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7K | $0 | $0 | $0 |
| Total Liabilities and Equity | $6.27M | $8.58M | $2.48M | $2.28M | $2.18M | $2.38M | $1.76M | $1.9M | $2.1M | $320K | $572K | $212K | $502K | $902K | $6.36M | $2.59M | $3.56M | $5.5M | $12.29M | $11.42M | $20.88M | $6.05M | $7.02M | $45K | $535K | $559K |
| Supplementary Data | ||||||||||||||||||||||||||
| Total Debt | $40K | $896K | $678K | $289K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.52M | $3.06M | $2.33M | $6.85M | $5.31M | $288K | $198K | $0 |
| Net Debt | $25K | $890K | $671K | $276K | -$114K | -$181K | -$43K | -$229K | -$425K | -$312K | -$564K | -$192K | -$480K | -$878K | -$1.61M | -$2.05M | -$37K | -$154K | -$1.69M | $2.74M | $1.46M | $6.83M | $5.29M | $272K | $192K | $0 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | |||||||||||||||||||||||||
| Net Income | -$283K | -$244K | -$192K | -$193K | -$168K | -$187K | -$212K | -$218K | $1.8M | -$250K | $341K | -$290K | -$367K | -$5.14M | $435K | -$3.25M | -$1.15M | -$3.48M | -$6M | -$2.8M | $17.83M | $6.01M | -$1.05M | -$672K | -$951K |
| Depreciation & Amortization | $219K | $160K | $133K | $159K | $205 | $205 | $87 | $126 | $178 | $256 | $365 | $522 | $745 | $1K | $2K | $1K | $2K | $2K | $2K | $2K | $901 | $206K | $134K | $120K | $23K |
| Deferred Income Tax | $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 |
| Stock-Based Compensation | $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 |
| Changes in Working Capital: | |||||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $7K | -$3K | -$1K | -$1K | -$81 | $286 | $279 | -$0 | $1 | -$1 | $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 | -$13 | -$354 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$106.33M | -$1.52B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$8K | $25K | $1K | $2K | -$693 | -$61K | $66K | $22K | -$25K | -$3K | $30K | $2 | $0 | -$16K | -$8K | $106.37M | $1.52B | $0 | $0 | -$139 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | -$8K | $25K | $1K | $2K | -$24K | -$64K | $65K | $21K | -$25K | -$2K | $30K | $1K | -$32K | -$16K | -$8K | $34K | $20K | -$775K | -$53K | -$139 | -$595K | $659K | $76K | -$27K | $64K |
| Other Non-Cash Items | -$178K | -$98K | -$101K | -$148K | -$205 | -$21K | $0 | $0 | -$1.97M | $0 | -$638K | -$0 | -$33 | $4.73M | -$875K | $2.72M | $705K | $3.04M | $5.63M | $1.38M | -$19.04M | -$7.91M | $464K | $97K | $178K |
| Net Cash from Operating | -$249K | -$157K | -$158K | -$181K | -$192K | -$272K | -$147K | -$196K | -$187K | -$252K | -$266K | -$288K | -$398K | -$422K | -$447K | -$492K | -$421K | -$1.22M | -$421K | -$1.42M | -$1.8M | -$1.04M | -$372K | -$481K | -$686K |
| Investing Activities | |||||||||||||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4K | -$2K | $0 | -$2K | -$3K | -$2K | -$3K | -$3K | -$126K | -$1.62M | -$1K | $0 |
| Acquisitions | $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 |
| Purchases of Investments | $0 | $0 | $0 | -$199K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$210K | -$1.18M | $0 | $0 | $0 | $0 | -$8K |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $629K | $1.19M | $359K | $80K | $21K | $409K | $0 |
| Other Investing Activities | $0 | $0 | -$204K | $0 | $125K | -$347K | $0 | $0 | $300 | $0 | $638 | $0 | $0 | -$4K | -$2K | -$3.42M | -$0 | $0 | $13K | -$11K | $384K | -$1 | -$73K | -$98K | -$2K |
| Net Cash from Investing | $0 | $0 | -$204K | -$199K | $125K | -$347K | $0 | $0 | $300 | $0 | $638 | $0 | $0 | -$9K | -$2K | -$3.42M | -$2K | -$3K | $430K | -$5K | $740K | -$46K | -$1.67M | $310K | -$10K |
| Financing Activities | |||||||||||||||||||||||||
| Debt Repaid | - | - | - | -$279K | - | - | - | - | - | - | - | - | - | $302K | - | - | - | - | - | -$738K | -$1.91M | -$1.02M | $65K | -$66K | -$241K |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $847K | $0 | $0 | $300K | $0 | $0 | $0 | $0 | $0 | $0 | $2.5M | $0 | $0 | $5.03M | $0 | $0 | $68K | $2.11M | $115K | $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 | $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 | $0 | $0 | $0 |
| Other Financing Activities | -$3K | $0 | $0 | $0 | $0 | -$89K | -$39K | $0 | $0 | $0 | $0 | $0 | $0 | -$302K | $136 | $0 | $281K | $0 | -$627K | -$151K | $0 | $2 | -$0 | $0 | $533K |
| Net Cash from Financing | $258K | $155K | $357K | $279K | $0 | $757K | -$39K | $0 | $300K | $0 | $638K | $0 | $0 | -$302 | $136 | $2.58M | $281K | -$2.05M | $3.83M | $587K | $1.91M | $1.08M | $2.05M | $181K | $694K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9K | -$136 | -$74K | $0 | $0 | -$0 | $291K | -$0 | $2 | $0 | -$0 | $0 |
| Net Change in Cash | $9K | -$2K | -$6K | -$101K | -$67K | $139K | -$186K | -$196K | $113K | -$252K | $372K | -$288K | -$398K | -$735K | -$449K | $2.01M | -$141K | -$3.27M | $3.83M | -$550K | $852K | -$2K | $2K | $10K | -$2K |
| Supplementary Data | |||||||||||||||||||||||||
| Operating Cash Flow | -$249K | -$157K | -$158K | -$181K | -$192K | -$272K | -$147K | -$196K | -$187K | -$252K | -$266K | -$288K | -$398K | -$422K | -$447K | -$492K | -$421K | -$1.22M | -$421K | -$1.42M | -$1.8M | -$1.04M | -$372K | -$481K | -$686K |
| Capital Expenditure | $0 | -$4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4K | -$2K | $0 | -$2K | -$3K | -$2K | -$3K | -$3K | -$126K | -$1.62M | -$1K | $0 |
| Free Cash Flow | -$249K | -$157K | -$158K | -$181K | -$192K | -$272K | -$147K | -$196K | -$187K | -$252K | -$266K | -$288K | -$398K | -$426K | -$449K | -$492K | -$423K | -$1.22M | -$423K | -$1.43M | -$1.8M | -$1.17M | -$1.99M | -$482K | -$686K |
| Cash at Beginning | $6K | $7K | $13K | $114K | $181K | $43K | $229K | $425K | $312K | $564K | $192K | $480K | $878K | $1.61M | $2.06M | $39K | $179K | $3.43M | $377K | $870K | $22K | $23K | $19K | $6K | $8K |
| Cash at End | $15K | $6K | $7K | $13K | $114K | $181K | $43K | $229K | $425K | $312K | $564K | $192K | $480K | $878K | $1.61M | $2.05M | $37K | $154K | $4.21M | $320K | $873K | $21K | $21K | $15K | $6K |