GUANAJUATO SILVER CO LTD (GSVRF)
Guanajuato Silver Co. Ltd. is a metal mining company, which engages in the exploration, development, acquisition, and exploitation of mineral properties. It produces silver and gold from El Cubo Mines Complex, which includes the Villalpando and Santa Cecilia mines, and Valenciana Mines complex which includes the San Ignacio mine. The company was founded on August 11, 1978 and is headquartered in Vancouver, Canada.
Industry: Silver
Guanajuato Silver Company Ltd.
OTC:GSVRFBasic Materials · Silver
-0.76%$0.2225
Mkt Cap$168.88M
Float730.61M
O/S759.01M
Inst Own-
SI1.4%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$78.78M
Net Income-$37.39M
Total Assets$104.63M
Free Cash Flow-$3M
Debt & Equity
Debt 43%
Equity 57%
Total Debt$20.11M
Total Equity$27.15M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:3Reverse splitJan 4, 20103 shares → 1
Balance Sheet Details
Assets$104.63M
Liabilities$77.48M
Accounts Receivable$13.53M
Accounts Payable$18.02M
Inventory$5.2M
PP&E (Net)$38.81M
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 | 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 |
| Revenue | $78.78M | $52.58M | $66.01M | $27.49M | $3.23M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $4K | $14K | $66K | $1.84M | $4.15M | $905K | $221K | $372K | $84K | $0 | $0 |
| YoY Growth | 49.8% | -20.3% | 140.2% | 751.3% | - | - | - | - | - | - | - | - | - | - | -71.8% | -73.5% | -79.3% | -96.4% | -55.5% | 358.7% | 309.8% | -40.6% | 341.2% | - | - | - |
| Cost of Revenue | $67.98M | $50.86M | $77.78M | $43.76M | $4.98M | $16K | $4K | $6K | $6K | $1K | $2K | $5K | $49K | $83K | $3K | $1.54M | $11K | $44K | $876K | $1.55M | $107K | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $10.81M | $1.72M | -$11.77M | -$6.88M | -$1.75M | -$16K | -$4K | -$6K | -$6K | -$1K | -$2K | -$5K | -$49K | -$83K | -$2K | -$1.53M | -$38K | -$72K | $969K | $2.6M | $671K | $221K | $372K | $133K | $0 | $0 |
| Gross Margin | 13.7% | 3.3% | -17.8% | -25.0% | -54.3% | - | - | - | - | - | - | - | - | - | -169.0% | -42362.9% | -279.8% | -108.7% | 52.5% | 62.6% | 74.2% | 100.0% | 100.0% | 157.4% | - | - |
| Research and Development | $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 |
| Selling, General, and Administrative | $9.69M | $10.68M | $7.71M | $6.46M | $7.95M | $2.08M | $562K | $1.33M | $1.42M | $102K | $80K | $161K | $1.11M | $909K | $1.17M | $2.52M | $2.76M | $2.05M | $1.84M | $1.51M | $1.15M | $1.29M | $643K | $117K | $85K | $142K |
| Other | -$1.1M | -$5.5M | $6.87M | $8.53M | -$1.15M | $73K | $15K | $131K | $360K | $19K | $0 | $0 | $1.05M | $449K | -$2K | -$2.52M | -$2.75M | -$1.6M | -$7K | $248K | -$478K | -$1.11M | -$356K | -$32K | $3K | $4K |
| Total Operating Expenses | $8.59M | $5.19M | $14.58M | $14.99M | $6.8M | $2.15M | $577K | $1.46M | $1.78M | $121K | $80K | $161K | $2.16M | $1.36M | $1.16M | $4K | $11K | $451K | $1.84M | $1.76M | $671K | $184K | $287K | $84K | $88K | $146K |
| Operating Income (EBIT) | $2.22M | -$3.47M | -$26.35M | -$20.31M | -$8.55M | -$2.25M | -$530K | -$1.33M | -$1.61M | -$108K | -$82K | -$161K | -$2.19M | -$1.44M | -$2.92M | -$2.58M | -$2.8M | -$2.52M | -$1.53M | -$139K | -$795K | -$1.25M | -$638K | -$161K | -$88K | $967K |
| Operating Margin | 2.8% | -6.6% | -39.9% | -73.9% | -264.8% | - | - | - | - | - | - | - | - | - | -285994.1% | -71283.1% | -20519.5% | -3812.6% | -82.9% | -3.4% | -87.9% | -565.0% | -171.5% | -190.9% | - | - |
| Interest Expense | $4.68M | $4.3M | $3.57M | $2.79M | $981K | $0 | $0 | $0 | $6K | $26K | $18K | $18K | $112K | $111K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $1.57M | $108K | $2K | $78K | $21K | $9K | $18 | $473 | $0 | $0 | $0 | $0 | $3K | $44K | $92K | $76K | $8K | $419K | $221K | $163K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$36.35M | -$7.3M | -$4.75M | -$5.4M | -$744K | $54K | $21K | -$19K | -$262K | -$45K | -$18K | -$226K | -$2.17M | -$315K | -$859K | -$18K | -$6.72M | -$3.17M | $2.74M | $156K | $795K | $1.25M | $638K | -$26K | $0 | $0 |
| Income Before Tax (EBT) | -$34.13M | -$10.77M | -$31.1M | -$19.95M | -$9.29M | -$2.19M | -$510K | -$1.35M | -$1.88M | -$153K | -$100K | -$388K | -$4.59M | -$1.75M | -$3.78M | -$2.6M | -$9.52M | -$5.69M | $1.21M | $17K | $0 | $0 | $0 | -$187K | $0 | -$125K |
| Income Tax Expense | $3.26M | $1.33M | $769K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15K | -$177K | $10K | $5.2M | -$417K | -$222K | -$163K | -$28K | -$18K | $242 | $4K | $264 | $1.11M |
| Net Income | -$37.39M | -$12.1M | -$31.87M | -$19.95M | -$9.29M | -$2.2M | -$510K | -$1.35M | -$1.88M | -$153K | -$100K | -$388K | -$4.59M | -$1.77M | -$3.57M | -$3.95M | -$9.09M | -$4.33M | $4.46M | $15K | -$952K | -$1.29M | -$698K | -$122K | -$89K | -$1.24M |
| Net Income Margin | -47.5% | -23.0% | -48.3% | -72.6% | -287.8% | - | - | - | - | - | - | - | - | - | -349657.2% | -109199.2% | -66481.3% | -6558.6% | 241.7% | 0.4% | -105.2% | -586.7% | -187.7% | -144.2% | - | - |
| Supplementary Data | ||||||||||||||||||||||||||
| EPS | -0.07 | -0.04 | -0.10 | -0.07 | -0.05 | -0.03 | -0.01 | -0.04 | -0.11 | -0.04 | -0.03 | -0.11 | -1.43 | -1.41 | -2.83 | -5.43 | -19.76 | -9.45 | 10.75 | 0.04 | -4.88 | -10.42 | -13.79 | -8.22 | -8.10 | -113.32 |
| Diluted EPS | -0.07 | -0.04 | -0.10 | -0.07 | -0.05 | -0.03 | -0.01 | -0.04 | -0.11 | -0.04 | -0.03 | -0.11 | -1.43 | -1.41 | -2.83 | -5.43 | -19.76 | -9.45 | 8.96 | 0.04 | -4.88 | -10.37 | -11.72 | -7.77 | -8.10 | -113.32 |
| Weighted Average OS | 524.17M | 404.04M | 335.85M | 256.32M | 183.70M | 80.92M | 41.02M | 31.40M | 17.44M | 4.02M | 4.02M | 3.64M | 3.21M | 1.25M | 1.00M | 747,124 | 481,385 | 471,719 | 425,688 | 386,060 | 226,488 | 149,499 | 65,616 | 23,276 | 10,927 | 10,927 |
| EBITDA | -$24.23M | $3.93M | -$10M | -$7.88M | -$7.08M | -$2.07M | -$530K | -$1.33M | -$1.62M | -$108K | -$80K | -$154K | -$2.14M | -$1.36M | -$3.69M | -$3.95M | -$2.62M | -$1.6M | -$873K | $819K | -$476K | -$1.11M | -$357K | -$32K | -$85K | $971K |
| EBITDA Margin | -30.8% | 7.5% | -15.1% | -28.7% | -219.2% | - | - | - | - | - | - | - | - | - | -361290.4% | -109104.0% | -19188.7% | -2416.0% | -47.3% | 19.7% | -52.6% | -501.8% | -95.9% | -38.5% | - | - |
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 | 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 |
| Assets | ||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||
| Cash and Cash Equivalents | $39.48M | $2.94M | $1.95M | $8.83M | $6.46M | $5.32M | $544K | $41K | $119K | $56K | $1K | $4K | $28K | $192K | $126K | $3.19M | $767K | $5.06M | $11.31M | $6.87M | $1.66M | $354K | $1.5M | $0 | $450 | $6K |
| Short-Term Investments | $3.24M | $434K | $39K | $37K | $39K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.57M | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $42.72M | $2.94M | $1.95M | $8.83M | $8.23M | $5.32M | $544K | $41K | $119K | $56K | $1K | $4K | $28K | $192K | $109K | $3.19M | $733K | $4.16M | $11.31M | $5.9M | $1.66M | $354K | $1.5M | $0 | $450 | $6K |
| Accounts Receivable | $13.53M | $10.9M | $13.33M | $11.93M | $2.62M | $84K | $22K | $30K | $62K | $9K | $5K | $2K | $4K | $121K | $46K | $70K | $861K | $243K | $648K | $242K | $381K | $59K | $40K | $0 | $0 | $0 |
| Inventory | $5.2M | $5.34M | $3.99M | $5.16M | $1.59M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19K | $0 | $0 | $0 |
| Other Current Assets | $2.08M | $434K | $316K | $1.27M | $1.62M | $23K | $7K | $0 | -$888 | $0 | $13 | $103 | $0 | -$771 | $4K | $11K | $76K | $1.19M | -$8K | $1.02M | $63K | $12K | $29K | $78K | $797 | $177 |
| Total Current Assets | $65.82M | $20.69M | $20.61M | $27.18M | $14.62M | $5.7M | $576K | $76K | $214K | $66K | $6K | $6K | $38K | $340K | $187K | $3.3M | $1.69M | $6.66M | $12.07M | $7.18M | $2.12M | $427K | $1.6M | $108K | $3K | $7K |
| Long-Term Assets | ||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $38.81M | $49.49M | $53.44M | $57.63M | $27.43M | $3.65M | $1.54M | $1.55M | $1.57M | $9K | $16K | $9K | $1.93M | $4.19M | $4.08M | $9.71M | $3.5M | $9.39M | $6.12M | $6.39M | $5.37M | $2.06M | $521K | $366K | $69K | $64K |
| 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 | $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 | $2K | $437K | $752K | $1.93M | $3.14M | $4.94M | $5.27M | $1.89M | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $1M | $970K | $834K | $1.35M | $890K | $251K | $84K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.33M | $388K | -$3.26M | $1K | $1.3M | $809K | $50K | $0 | $0 | $9K |
| Total Long-Term Assets | $38.81M | $50.49M | $54.41M | $58.47M | $28.78M | $4.54M | $1.79M | $1.63M | $1.57M | $9K | $16K | $9K | $1.93M | $4.63M | $4.84M | $11.64M | $7.96M | $14.71M | $8.13M | $8.28M | $6.67M | $2.87M | $572K | $366K | $69K | $73K |
| 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 |
| Total Assets | $104.63M | $71.18M | $75.02M | $85.65M | $40.25M | $10.24M | $2.37M | $1.71M | $1.78M | $75K | $22K | $15K | $1.97M | $4.97M | $5.02M | $14.94M | $9.66M | $21.37M | $20.2M | $15.46M | $8.78M | $3.3M | $2.17M | $474K | $72K | $79K |
| Liabilities | ||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||
| Accounts Payable | $18.02M | $14.59M | $14.64M | $9.42M | $2.72M | $247K | $321K | $329K | $244K | $177K | $54K | $211K | $1.34M | $388K | $319K | $741K | $179K | $853K | $514K | $288K | $201K | $31K | $42K | $32K | $32K | $29K |
| Short-Term Debt | $3.3M | $10.19M | $10.25M | $14.74M | $7.43M | $8K | $0 | $0 | $45K | $235K | $159K | $65K | $9K | $474K | $0 | $0 | $39K | $0 | $1.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $10M | $5.92M | $2.15M | $751K | $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 | $822K | $485K | $0 | $3.11M | $1.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $14.99M | $2.06M | $5.32M | $289K | $977K | $156 | $0 | $71K | $0 | $124K | $100K | $0 | $0 | -$886 | $7K | $119 | -$39K | $122K | -$1.28M | $48K | $35K | $157K | $79K | $140K | $49K | $121K |
| Total Current Liabilities | $51.62M | $36.08M | $39.01M | $33.16M | $12.95M | $255K | $331K | $430K | $407K | $588K | $432K | $325K | $1.43M | $860K | $326K | $741K | $735K | $975K | $514K | $336K | $236K | $189K | $121K | $172K | $81K | $150K |
| Long-Term Liabilities | ||||||||||||||||||||||||||
| Long-Term Debt | $16.41M | $4.33M | $4.92M | $1.74M | $703K | $20K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $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 | $9.3M | $17.62M | $21.33M | $16.77M | $6.25M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9K | $10K | $8K | $74K | $27K | $21K | $21K | $97K | $0 | $0 |
| Total Long-Term Liabilities | $25.86M | $22.26M | $25.25M | $19.98M | $5.94M | $20K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9K | $10K | $8K | $74K | $27K | $21K | $21K | $97K | $0 | $0 |
| 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 |
| Total Liabilities | $77.48M | $58.33M | $64.25M | $53.14M | $16.09M | $275K | $331K | $430K | $407K | $588K | $432K | $325K | $1.43M | $860K | $326K | $741K | $778K | $985K | $517K | $409K | $263K | $210K | $143K | $269K | $81K | $150K |
| 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 |
| Common Stock | $150.24M | $105.63M | $90.26M | $82.37M | $47.59M | $32.3M | $38.47M | $37.56M | $36.86M | $34.16M | $34.16M | $34.16M | $33.99M | $33.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$162.97M | -$125.58M | -$107.91M | -$76.23M | -$38.78M | -$37.61M | -$47.41M | -$46.9M | -$45.55M | -$43.67M | -$43.52M | -$37.4M | -$40.42M | -$38.64M | -$35.86M | -$33.02M | -$23.26M | -$12.19M | -$12.84M | -$14.27M | -$12.3M | -$10.96M | -$8.96M | -$6.81M | -$6.61M | -$10.44M |
| Comprehensive Income & Other | $1.7M | $1.78M | $28.42M | $1.79M | $1.11M | $0 | $10.98M | $0 | $0 | $8.95M | $8.95M | $8.95M | $9.58M | $9.14M | -$260K | $396K | $402K | $711K | $0 | $0 | $0 | $826K | $182K | $238K | $150K | $0 |
| Other Stockholders' Equity | $39.88M | $32.79M | $28.42M | $26.37M | $15.35M | $12.96M | $10.98M | $10.61M | $10.06M | $9M | $8.95M | $2.94M | $6.93M | $9.47M | $40.55M | $47.22M | $31.74M | $28.95M | $32.52M | $28.74M | $20.82M | $14.05M | $10.99M | $7.01M | $6.61M | $10.37M |
| Total Equity | $27.15M | $12.85M | $10.77M | $32.51M | $24.15M | $7.66M | $2.04M | $1.28M | $1.38M | -$513K | -$410K | -$310K | $507K | $4.13M | $4.7M | $14.2M | $8.48M | $16.75M | $19.68M | $14.47M | $8.52M | $3.09M | $2.03M | $205K | -$9K | -$71K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $586K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $104.63M | $71.18M | $75.02M | $85.65M | $40.25M | $7.93M | $2.37M | $1.71M | $1.78M | $75K | $22K | $15K | $1.93M | $4.99M | $5.02M | $14.94M | $9.26M | $17.74M | $20.2M | $14.87M | $8.78M | $3.3M | $2.17M | $474K | $72K | $79K |
| Supplementary Data | ||||||||||||||||||||||||||
| Total Debt | $20.11M | $15.08M | $17.54M | $20.43M | $6.87M | $28K | $0 | $0 | $45K | $235K | $159K | $65K | $9K | $474K | $0 | $0 | $39K | $0 | $1.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$19.37M | $12.14M | $15.59M | $11.6M | $412K | -$5.29M | -$544K | -$41K | -$74K | $179K | $158K | $61K | -$19K | $282K | -$126K | -$3.19M | -$767K | -$5.06M | -$10.03M | -$6.87M | -$1.66M | -$354K | -$1.5M | $0 | -$450 | -$6K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | 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 |
| Operating Activities | ||||||||||||||||||||||||||
| Net Income | -$37.39M | -$17.41M | -$31.87M | -$26.77M | -$9.29M | -$2.2M | -$510K | -$1.35M | -$1.88M | -$153K | -$100K | -$388K | -$4.59M | -$1.77M | -$2.83M | -$2.61M | -$9.51M | -$5.28M | $1.43M | $17K | -$1.11M | -$1.56M | -$905K | -$191K | -$89K | -$1.24M |
| Depreciation & Amortization | $5.21M | $10.19M | $12.03M | $9.17M | $1.23M | $12K | $4K | $15K | $6K | $1K | $2K | $5K | $49K | $83K | $89K | $94K | $45K | $100K | $653K | $938K | $319K | $139K | $281K | $70K | $3K | $4K |
| Deferred Income Tax | $3.26M | $1.91M | $0 | $554K | -$89K | $0 | $0 | $0 | $54K | $0 | $0 | $0 | $0 | $15K | -$177K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $644K | $1.13M | $1.3M | $1.51M | $2M | $390K | $10K | $220K | $213K | $0 | $0 | $0 | $0 | $247K | $14K | $1.02M | $703K | $678K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||
| Accounts Receivable | -$1.63M | $4.38M | -$1.28M | -$2.55M | -$4.25M | -$79K | $2K | $31K | -$51K | -$4K | $0 | $0 | $0 | -$70K | $23K | $332K | -$606K | $346K | $0 | $161K | $0 | $11K | -$36K | -$38K | $0 | $0 |
| Inventory | $164K | -$1.36M | $1.15M | -$373K | -$1.32M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $3.97M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $102K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $13.08M | -$4.16M | -$4.33M | -$5.33M | -$1.45M | -$271K | -$19K | $29K | -$33K | -$1K | -$3K | $8K | $26K | $43K | -$327K | $367K | $494K | -$713K | $0 | -$16K | -$334K | $70K | $0 | -$4K | $0 | $8K |
| Total Working Capital Change | $11.61M | -$1.13M | -$4.45M | -$4.29M | -$7.02M | -$283K | -$18K | $128K | -$15K | -$5K | -$3K | $8K | $26K | -$28K | -$304K | $699K | -$112K | -$368K | -$242K | $246K | -$334K | $81K | -$43K | -$66K | $44K | $8K |
| Other Non-Cash Items | $17.21M | $1.88M | $16.86M | $4.77M | $6.17M | $8K | -$74K | $2K | $2K | $112K | $31K | $314K | $3.38M | $57K | $118K | $86K | $6.35M | $2.9M | -$2.49M | $324K | $219K | $750K | $216K | $63K | $0 | $1.09M |
| Net Cash from Operating | $552K | -$3.43M | -$6.13M | -$15.06M | -$7M | -$2.07M | -$588K | -$983K | -$1.61M | -$45K | -$70K | -$61K | -$1.13M | -$1.4M | -$3.09M | -$714K | -$2.52M | -$1.97M | -$646K | $1.53M | -$901K | -$587K | -$451K | -$124K | -$41K | -$134K |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditures | -$3.55M | -$5.42M | -$5.21M | -$3.62M | -$5.03M | -$400K | -$172K | -$84K | -$208K | $0 | -$9K | $0 | -$30K | -$181K | -$215K | -$1.76M | -$2.08M | -$4.12M | -$2.59M | -$1.9M | -$3.55M | -$1.6M | -$355K | -$343K | $0 | -$2K |
| Acquisitions | $0 | $0 | $0 | -$8.24M | -$5.92M | -$639K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $46K | $0 | $0 | $0 | $586K | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$5.34M | -$1.45M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$54K | -$749K | $0 | -$600K | -$500K | -$485K | $0 | $0 | $0 | $0 |
| Sales of Investments | $2.83M | $1.35M | $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 | -$400K | $0 | $0 | $8K | $5K | $5K | $0 | $0 | $0 | $0 | $0 | $0 | $222K | $52K | -$839K | $0 | $4.29M | $404 | $0 | $0 | $0 | $42K | $0 | $0 |
| Net Cash from Investing | -$6.06M | -$5.52M | -$5.61M | -$11.85M | -$10.95M | -$1.03M | -$167K | -$79K | -$208K | $0 | -$9K | $0 | -$30K | -$181K | $7K | -$1.66M | -$2.97M | -$4.87M | $1.7M | -$1.91M | -$4.05M | -$2.09M | -$355K | -$301K | $0 | -$2K |
| Financing Activities | ||||||||||||||||||||||||||
| Debt Repaid | $5.51M | $1.05M | $2.36M | -$10.59M | -$3.7M | $2K | - | $45K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $75K | -$59K | - | - |
| Common Stock Issuance | $53.33M | $14.56M | $5.46M | $15.69M | $15.12M | $3M | $988K | $771K | $1.59M | $50K | $0 | $0 | $937K | $1.14M | $0 | $4.8M | $1.15M | $560K | $27K | $4.8M | $5.39M | $1.28M | $1.85M | $57K | $94K | $87K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$41K | $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 | $0 |
| Other Financing Activities | -$3.84M | -$3.6M | -$1.13M | $838K | $2.45M | $4.88M | $271K | $258K | $295K | -$737 | $197 | $2K | $59K | -$9K | $0 | $768 | -$940 | $557K | $3.38M | $795K | $869K | $258K | $533K | $305K | -$59K | $43K |
| Net Cash from Financing | $43.98M | $9.91M | $4.91M | $27.13M | $21.27M | $7.88M | $1.26M | $984K | $1.89M | $100K | $77K | $37K | $974K | $1.66M | $0 | $4.8M | $1.2M | $516K | $3.41M | $5.6M | $6.25M | $1.53M | $2.3M | $421K | $35K | $130K |
| Forex Effect | $158K | $24K | -$40K | $384K | -$136K | $968 | $0 | $0 | $0 | $0 | $0 | $0 | $24K | $0 | $0 | $0 | $4.83M | $1K | -$25K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $38.63M | $981K | -$6.88M | $599K | $3.18M | $4.78M | $503K | -$78K | $63K | $55K | -$3K | -$24K | -$164K | $80K | -$3.08M | $2.43M | $531K | -$6.25M | $4.43M | $5.21M | $1.31M | -$1.14M | $1.5M | -$3K | -$6K | -$6K |
| Supplementary Data | ||||||||||||||||||||||||||
| Operating Cash Flow | $552K | -$3.43M | -$6.13M | -$15.06M | -$7M | -$2.07M | -$588K | -$983K | -$1.61M | -$45K | -$70K | -$61K | -$1.13M | -$1.4M | -$3.09M | -$714K | -$2.09M | -$1.97M | -$646K | $1.53M | -$901K | -$587K | -$451K | -$124K | -$41K | -$134K |
| Capital Expenditure | -$3.55M | -$5.42M | -$5.21M | -$3.62M | -$5.03M | -$400K | $0 | -$84K | -$208K | $4 | -$9K | $0 | -$30K | -$181K | -$215K | -$1.76M | -$2.08M | -$4.12M | -$2.59M | -$1.9M | -$3.55M | -$1.6M | -$355K | -$343K | $0 | -$2K |
| Free Cash Flow | -$3M | -$8.85M | -$11.34M | -$18.67M | -$12.03M | -$2.47M | -$588K | -$1.07M | -$1.82M | -$45K | -$79K | -$61K | -$1.16M | -$1.58M | -$3.3M | -$2.47M | -$4.16M | -$6.09M | -$3.24M | -$372K | -$4.45M | -$2.19M | -$806K | -$466K | -$41K | -$136K |
| Cash at Beginning | $2.94M | $1.96M | $6.65M | $8.23M | $3.28M | $544K | $41K | $119K | $56K | $1K | $4K | $28K | $192K | $111K | $3.19M | $767K | $5.06M | $11.31M | $6.87M | $1.66M | $354K | $1.5M | -$3K | $450 | $6K | $12K |
| Cash at End | $41.56M | $2.94M | $1.47M | $8.83M | $6.46M | $5.32M | $544K | $41K | $119K | $56K | $1K | $4K | $28K | $192K | $111K | $3.19M | $767K | $5.06M | $11.31M | $6.87M | $1.66M | $354K | $1.5M | -$3K | $450 | $6K |