INNOVATIVE FOOD HOLDINGS INC (IVFH)
Innovative Food Holdings, Inc., operating through its subsidiaries, functions as a leading supplier of gourmet and specialized food products, along with related merchandise, throughout the United States. Its broad customer base spans across the hospitality and food service sectors, serving establishments such as fine restaurants, hotels, exclusive country clubs, major national chains, casinos, healthcare facilities, and professional catering companies. The firm maintains an extensive catalog comprising approximately 7,000 distinct perishable and specialty food items. This vast selection includes, but is not limited to, geographically specific seafood, both domestic and imported meats—including exotic game and poultry—artisanal cheeses, ready-to-eat meals, premium caviar, wild and cultivated mushrooms, delicate micro-greens, organically grown and manufactured provisions, and high-quality estate-bottled olive oils and aged vinegars. Beyond individual ingredients, IVFH also offers carefully curated food gift baskets, gift boxes, and a comprehensive suite of food subscription plans. In addition to its primary food distribution, the company provides specialized healthcare-related products. It also extends its services to include foodservice consulting and advisory roles, and offers sales and brand management support for businesses in the organic and specialty food consumer packaged goods market. Innovative Food Holdings directly serves both individual consumers and businesses via its dedicated e-commerce websites, igourmet.com and forethegourmet.com, as well as through various other online retail channels. Furthermore, it operates mouth.com, an online retailer specializing in gourmet foods, monthly subscription boxes, and bespoke gift boxes for both private and corporate clientele. The company efficiently procures its diverse product offerings directly from its established network of suppliers and its own warehousing infrastructure. The corporate headquarters are located in Bonita Springs, Florida.
Sector: Wholesale-Groceries, General Line
Industry: Food Distribution
Innovative Food Holdings, Inc.
OTC:IVFHConsumer Defensive · Food Distribution
+3.13%$0.1650
Mkt Cap$9.02M
Float30.3M
O/S54.65M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$60.68M
Net Income-$2.07M
Total Assets$19.58M
Free Cash Flow-$270K
Debt & Equity
Debt 13%
Equity 87%
Total Debt$905K
Total Equity$6.24M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:50Reverse splitJun 13, 201250 shares → 1
Balance Sheet Details
Assets$19.58M
Liabilities$13.34M
Accounts Receivable$5.3M
Accounts Payable$2.96M
Inventory$3.47M
PP&E (Net)$1.99M
Goodwill$0
Intangible Assets$338K
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 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Revenue | $60.68M | $72.13M | $72.22M | $80.1M | $62.21M | $51.68M | $57.9M | $52.93M | $41.24M | $35.17M | $30.65M | $30.8M | $23.5M | $18.61M | $11.55M | $9.86M | $7.59M | $6.97M | $6.73M | $7.07M | $5.56M | $4.67M |
| YoY Growth | -15.9% | -0.1% | -9.8% | 28.8% | 20.4% | -10.8% | 9.4% | 28.3% | 17.3% | 14.8% | -0.5% | 31.1% | 26.3% | 61.1% | 17.1% | 29.9% | 8.9% | 3.5% | -4.8% | 27.2% | 19.1% | - |
| Cost of Revenue | $45.05M | $55.28M | $54.69M | $61.41M | $45.26M | $37.86M | $41.26M | $36.84M | $27.62M | $24.5M | $21.46M | $22.69M | $16.85M | $13.79M | $8.87M | $7.61M | $5.84M | $5.63M | $5.05M | $5.37M | $4.51M | $3.87M |
| Gross Profit | $15.63M | $16.85M | $17.53M | $18.69M | $16.95M | $13.82M | $16.65M | $16.08M | $13.63M | $10.67M | $9.19M | $8.11M | $6.65M | $4.82M | $2.68M | $2.26M | $1.75M | $1.34M | $1.68M | $1.7M | $1.05M | $804K |
| Gross Margin | 25.8% | 23.4% | 24.3% | 23.3% | 27.2% | 26.7% | 28.8% | 30.4% | 33.0% | 30.3% | 30.0% | 26.3% | 28.3% | 25.9% | 23.2% | 22.9% | 23.0% | 19.2% | 25.0% | 24.1% | 18.9% | 17.2% |
| 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 |
| Selling, General, and Administrative | $12.99M | $16.14M | $16.33M | $17.95M | $20.54M | $19.53M | $16.46M | $14.13M | $8.94M | $7.37M | $8.99M | $7.15M | $10.58M | $4.23M | $2.01M | $2.09M | $1.55M | $1.88M | $1.73M | $2.09M | $1.85M | $2.26M |
| Other | $0 | $173K | $3.78M | $0 | $11K | $44K | $135K | $11K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $68K | $0 |
| Total Operating Expenses | $12.99M | $16.31M | $20.78M | $18.33M | $20.54M | $19.53M | $16.46M | $14.13M | $8.94M | $7.37M | $8.99M | $11.03M | $5.68M | $4.23M | $2.01M | $2.09M | $1.55M | $1.88M | $1.73M | $2.09M | $1.53M | $2.26M |
| Operating Income (EBIT) | $2.64M | $539K | -$3.25M | -$806K | -$3.59M | -$7.41M | $184K | $1.96M | $4.69M | $3.3M | $197K | $869K | $966K | $587K | $671K | $165K | $196K | -$538K | -$50K | -$387K | -$612K | -$1.46M |
| Operating Margin | 4.3% | 0.7% | -4.5% | -1.0% | -5.8% | -14.3% | 0.3% | 3.7% | 11.4% | 9.4% | 0.6% | 2.8% | 4.1% | 3.2% | 5.8% | 1.7% | 2.6% | -7.7% | -0.7% | -5.5% | -11.0% | -31.2% |
| Interest Expense | $30K | $850K | $876K | $586K | $353K | $303K | $109K | $115K | $160K | $483K | $576K | $0 | $2.45M | $1.06M | $562K | $479K | $413K | $372K | $309K | $0 | $82K | $53K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.15M | $789K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $386K | $0 | $0 |
| Other Income (Expense) | -$28K | $1.99M | -$890K | -$314K | $2.87M | -$251K | $39K | -$104K | -$160K | -$483K | -$571K | -$787K | -$2.45M | $1.44M | $819K | -$2.27M | $650K | -$1.88M | -$611K | $12.52M | $8.03M | -$53K |
| Income Before Tax (EBT) | $2.61M | $2.53M | -$4.14M | -$1.12M | -$716K | -$7.67M | $223K | $1.85M | $4.53M | $2.82M | -$374K | $82K | -$1.49M | $2.03M | $1.49M | -$2.11M | $846K | -$2.42M | -$662K | $12.14M | $7.42M | -$1.51M |
| Income Tax Expense | $81K | $0 | $16K | $0 | $0 | $0 | $0 | $155K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$712 | $537 |
| Net Income | -$2.07M | $2.61M | -$4.36M | -$1.35M | -$716K | -$7.67M | $223K | $1.7M | $4.53M | $6.39M | -$27.18M | -$3.73M | -$1.49M | $2.03M | $1.49M | -$2.11M | $846K | -$2.42M | -$662K | $12.14M | $7.42M | -$1.51M |
| Net Income Margin | -3.4% | 3.6% | -6.0% | -1.7% | -1.2% | -14.8% | 0.4% | 3.2% | 11.0% | 18.2% | -88.7% | -12.1% | -6.3% | 10.9% | 12.9% | -21.4% | 11.1% | -34.7% | -9.8% | 171.6% | 133.4% | -32.4% |
| Supplementary Data | ||||||||||||||||||||||
| EPS | -0.04 | 0.05 | -0.09 | -0.04 | -0.02 | -0.22 | 0.00 | 0.05 | 0.15 | 0.25 | -1.18 | -0.33 | -0.23 | 0.36 | 0.34 | -0.54 | 0.20 | -0.67 | -0.21 | 4.50 | 4.00 | -1.64 |
| Diluted EPS | -0.04 | 0.05 | -0.09 | -0.04 | -0.02 | -0.22 | 0.00 | 0.05 | 0.15 | 0.20 | -1.18 | -0.23 | -0.23 | 0.16 | 0.10 | -0.54 | 0.06 | -0.67 | -0.21 | 1.00 | 4.00 | -1.64 |
| Weighted Average OS | 54.58M | 50.56M | 49.08M | 47.13M | 39.45M | 34.87M | 34.12M | 33.98M | 29.85M | 25.07M | 23.00M | 11.42M | 6.50M | 5.70M | 4.38M | 3.93M | 3.82M | 3.64M | 3.08M | 2.56M | 1.76M | 919,915 |
| EBITDA | $3.27M | $3.71M | -$2.65M | $97K | $266K | -$6.49M | $1.61M | $3.04M | $5.22M | $3.8M | $197K | $1.5M | $1.23M | $3.21M | $2.07M | -$1.61M | $1.29M | -$2.01M | -$917 | -$324K | $47K | -$1.39M |
| EBITDA Margin | 5.4% | 5.1% | -3.7% | 0.1% | 0.4% | -12.6% | 2.8% | 5.7% | 12.7% | 10.8% | 0.6% | 4.9% | 5.2% | 17.3% | 17.9% | -16.3% | 17.0% | -28.8% | -0.0% | -4.6% | 0.8% | -29.8% |
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 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Assets | ||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||
| Cash and Cash Equivalents | $927K | $2.33M | $5.33M | $4.9M | $6.12M | $5.06M | $3.97M | $4.76M | $5.13M | $3.76M | $1.65M | $3.11M | $2.07M | $1.35M | $862K | $518K | $145K | $161K | $75K | $119K | $34K | $28K |
| 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 | $927K | $2.33M | $5.33M | $4.9M | $6.12M | $5.06M | $3.97M | $4.76M | $5.13M | $3.76M | $1.65M | $2.6M | $2.07M | $1.35M | $862K | $518K | $145K | $161K | $75K | $119K | $10K | $28K |
| Accounts Receivable | $5.3M | $9.04M | $4.31M | $4.97M | $3.26M | $2.38M | $3.31M | $3.04M | $2.37M | $1.54M | $1.65M | $1.24M | $771K | $960K | $494K | $566K | $482K | $300K | $250K | $610K | $541K | $325K |
| Inventory | $3.47M | $6.29M | $2.97M | $3.05M | $3.11M | $3.72M | $2.35M | $2.3M | $938K | $815K | $921K | $939K | $840K | $518K | $42K | $53K | $19K | $0 | $0 | $0 | $4K | $5K |
| Other Current Assets | $7.08M | $6.23M | $1.03M | $289K | $314K | $287K | $274K | $144K | $87K | $55K | $1.84M | $1.86M | $11K | $14K | $5K | $5K | $6K | $9K | $0 | $0 | -$4K | $0 |
| Total Current Assets | $16.78M | $23.89M | $13.64M | $13.21M | $12.8M | $11.45M | $9.9M | $10.25M | $8.53M | $6.17M | $6.05M | $6.64M | $3.7M | $2.84M | $1.4M | $1.14M | $652K | $469K | $617K | $742K | $553K | $358K |
| Long-Term Assets | ||||||||||||||||||||||
| Property, Plant & Equipment Net | $1.99M | $2.81M | $7.46M | $8.64M | $9.09M | $9.57M | $7.01M | $2.46M | $1.96M | $2.07M | $2.19M | $1.92M | $954K | $146K | $18K | $24K | $34K | $53K | $84K | $93K | $87K | $120K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $650K | $650K | $151K | $151K | $151K | $18.12M | $151K | $151K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $338K | $424K | $217K | $1.56M | $1.61M | $1.63M | $2.88M | $3.69M | $1.19M | $557K | $789K | $5.49M | $736K | $920K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $287K | $497K | $435K | $340K | $202K | $209K | $150K | $204K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | -$2.2M | -$100K | -$1.52M | -$1.28M | $0 | $0 | $0 | -$204K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $473K | $217K | $0 | $0 | $2.2M | $100K | $1.52M | $1.28M | $0 | $0 | $4.67M | $204K | $0 | $0 | $0 | $0 | $0 | $93K | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $2.8M | $3.46M | $7.68M | $10.21M | $10.98M | $11.7M | $10.97M | $7.14M | $3.49M | $2.98M | $7.95M | $25.74M | $1.84M | $1.22M | $18K | $24K | $34K | $146K | $84K | $93K | $87K | $120K |
| 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 | $19.58M | $27.35M | $21.32M | $23.42M | $23.78M | $23.15M | $20.87M | $17.38M | $12.02M | $9.16M | $14M | $32.37M | $5.54M | $4.06M | $1.42M | $1.17M | $686K | $615K | $701K | $835K | $753K | $478K |
| Liabilities | ||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||
| Accounts Payable | $2.96M | $5.83M | $6.05M | $6.6M | $5.41M | $4.91M | $3.94M | $3.43M | $1.65M | $1.55M | $1.62M | $1.56M | $1.25M | $1.33M | $892K | $788K | $519K | $824K | $765K | $0 | $419K | $594K |
| Short-Term Debt | $66K | $190K | $254K | $7.73M | $2.41M | $3.74M | $728K | $929K | $347K | $1.59M | $2.28M | $551K | $1.26M | $122K | $1.11M | $1.37M | $1.26M | $1.2M | $1.21M | $927K | $784K | $515K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29K | $198K | $170K | $173K | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $350K | $1.31M | $1.56M | $1.63M | $2.92M | $500K | $559K | $0 | $0 | $0 | $4.79M | $0 | $0 | $0 | $0 | $0 | $0 | $459K | $0 | $0 | $0 |
| Other Current Liabilities | $8.89M | $1.83M | $592K | -$236K | -$18K | -$18K | $41K | $489K | $200K | $2.17M | $10.61M | $4.6M | $113K | $431K | $0 | $5.89M | $3.07M | $4M | $1.52M | $1.91M | $14.57M | $102K |
| Total Current Liabilities | $12.44M | $9.41M | $8.64M | $16.41M | $10.2M | $12.21M | $5.6M | $5.67M | $2.4M | $5.4M | $15.05M | $13.54M | $3.87M | $1.93M | $4.79M | $7.26M | $5.03M | $6.03M | $3.95M | $3.72M | $16M | $1.2M |
| Long-Term Liabilities | ||||||||||||||||||||||
| Long-Term Debt | $217K | $8.69M | $8.86M | $0 | $5.41M | $6.15M | $3.88M | $1.2M | $866K | $1.14M | $1.42M | $738K | $727K | $185K | $0 | $0 | $28K | $11K | $16K | $21K | $25K | $113K |
| 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 | $400K | $458K | $791K | -$1 | $109K | $117K | $157K | $358K | $200K | $0 | $2.92M | $2.71M | $0 | $719K | $0 | $0 | $0 | $0 | $0 | $0 | $25K | $19K |
| Total Long-Term Liabilities | $905K | $9.76M | $9.88M | $421K | $6.18M | $7.07M | $4.25M | $1.55M | $1.07M | $1.14M | $4.33M | $3.45M | $727K | $904K | $0 | $0 | $28K | $11K | $16K | $21K | $50K | $132K |
| Other Liabilities | $0 | $0 | $0 | $1 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $13.34M | $19.17M | $18.52M | $16.83M | $16.37M | $19.27M | $9.86M | $7.22M | $3.47M | $6.54M | $19.39M | $16.99M | $4.6M | $2.83M | $4.79M | $7.26M | $5.06M | $6.04M | $3.97M | $3.74M | $1.47M | $1.33M |
| 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 |
| Common Stock | $6K | $6K | $5K | $5K | $5K | $4K | $4K | $4K | $4K | $3K | $2K | $2K | $774 | $602 | $29K | $22K | $19K | $18K | $18K | $15K | $10K | $7K |
| Retained Earnings | -$38.28M | -$36.21M | -$38.82M | -$34.47M | -$33.12M | -$32.4M | -$24.73M | -$24.96M | -$26.65M | -$31.18M | -$37.57M | -$10.4M | -$6.66M | -$5.18M | -$7.21M | -$8.7M | -$6.59M | -$7.43M | -$4.03M | -$3.36M | -$15.5M | -$2.69M |
| Comprehensive Income & Other | $0 | $0 | $0 | $150 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$364K | -$339K | -$307K | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $44.51M | $44.38M | $41.62M | $41.05M | $40.52M | $36.27M | $35.75M | $35.12M | $35.2M | $33.8M | $32.18M | $25.78M | $7.6M | $6.4M | $3.81M | $2.58M | $2.2M | $1.99M | $737K | $440K | $84K | $1.83M |
| Total Equity | $6.24M | $8.17M | $2.81M | $6.59M | $7.41M | $3.88M | $11.02M | $10.16M | $8.55M | $2.62M | -$5.38M | $15.38M | $940K | $1.22M | -$3.37M | -$6.09M | -$4.37M | -$5.43M | -$3.27M | -$2.91M | -$15.41M | -$849K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $19.58M | $27.35M | $21.32M | $23.42M | $23.78M | $23.15M | $20.87M | $17.38M | $12.02M | $9.16M | $14M | $32.37M | $5.54M | $4.06M | $1.42M | $1.17M | $686K | $615K | $701K | $835K | -$13.93M | $478K |
| Supplementary Data | ||||||||||||||||||||||
| Total Debt | $905K | $9.88M | $9.47M | $8.4M | $8.71M | $10.92M | $4.99M | $2.13M | $1.21M | $2.73M | $3.7M | $1.29M | $1.99M | $307K | $1.11M | $1.37M | $1.29M | $1.21M | $1.22M | $948K | $0 | $245K |
| Net Debt | -$22K | $7.55M | $4.15M | $3.5M | $2.59M | $5.86M | $1.02M | -$2.63M | -$3.92M | -$1.04M | $2.05M | $1.53M | -$86K | -$1.15M | $247K | $849K | $1.15M | $1.05M | $1.15M | $830K | $103K | $132K |
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 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Operating Activities | ||||||||||||||||||||||
| Net Income | -$2.07M | $2.61M | -$4.36M | -$1.35M | -$716K | -$7.67M | $223K | $1.7M | $4.53M | $6.39M | -$27.18M | -$3.73M | -$1.49M | $2.03M | $1.49M | -$2.11M | $846K | -$2.42M | -$662K | $12.14M | -$564K | -$1.51M |
| Depreciation & Amortization | $631K | $328K | $609K | $629K | $630K | $866K | $1.42M | $1.08M | $533K | $498K | $1.42M | $630K | $263K | $127K | $14K | $25K | $32K | $39K | $49K | $54K | $659K | $69K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | -$3.18M | $1.95M | $24K | $5K | $0 | -$9.32M | -$4.67M | -$1.21M | -$271K | -$2.35M | $0 | $135K | $228K | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $404K | $437K | $406K | $577K | $668K | $525K | $414K | $67K | $440K | $2.11M | $4.69M | $1.21M | $309K | $348K | $0 | $192K | $15K | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | $3.42M | -$3.83M | $479K | -$1.71M | -$931K | $675K | -$367K | -$822K | -$504K | $82K | -$432K | -$485K | $150K | -$4K | -$77K | -$110K | -$100K | -$2K | $73K | $123K | -$60K | -$60K |
| Inventory | $1.33M | -$1.98M | -$136K | $81K | $605K | -$1.44M | -$154K | -$1.25M | -$154K | $194K | $17K | -$347K | -$320K | -$189K | $0 | $0 | $0 | $0 | $0 | $0 | $383 | -$5K |
| Accounts Payable | -$3.52M | -$850K | -$439K | $1.17M | $651K | $1.11M | $414K | $1.53M | -$1.54M | -$81K | -$193K | $865K | $58K | $135K | -$6.77M | $93K | $33K | $84K | $170K | $635K | $137K | $137K |
| Other Working Capital | -$602K | -$3.24M | $992K | -$140K | -$1.4M | $2.22M | -$251K | $259K | -$65K | $1.13M | $895K | $2.08M | $19K | -$150K | $6.9M | $210K | $32K | $323K | $8K | -$14K | -$90K | $0 |
| Total Working Capital Change | $630K | -$7.92M | $1.03M | -$600K | -$1.07M | $2.56M | -$357K | -$279K | -$2.27M | $1.32M | $287K | $2.11M | -$92K | -$208K | $57K | $193K | -$35K | $405K | $251K | $744K | -$14K | $72K |
| Other Non-Cash Items | $373K | -$1.73M | $1.87M | $146K | $13K | $13K | -$130K | -$11K | $185K | $2.48M | $21.79M | $1.92M | $2.63M | $863K | -$967K | $2.03M | -$1.08M | $1.86M | $365K | -$12.76M | -$546K | $419K |
| Net Cash from Operating | -$27K | -$6.27M | -$436K | -$599K | -$3.66M | -$1.76M | $1.59M | $2.56M | $3.42M | $3.47M | -$3.66M | $940K | $1.35M | $807K | $595K | $469K | $9K | -$113K | $3K | $179K | -$464K | -$952K |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$242K | -$317K | -$122K | -$115K | -$25K | -$431K | -$1.13M | -$481K | -$50K | -$11K | -$1.55M | -$5K | -$341K | -$41K | -$8K | -$15K | -$13K | -$8K | -$41K | -$26K | -$13K | -$79K |
| Acquisitions | $55K | -$1.19M | $75K | $0 | $0 | $0 | $12K | -$2.7M | -$300K | -$470K | -$3M | $178K | $0 | -$1.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | -$60K | -$138K | -$326K | -$7K | $4.55M | -$204K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | -$12K | $0 | $0 | $488K | $59K | $0 | $0 | $0 | $2K | $5K | $10K | $12K | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $2.72M | $11K | $0 | $0 | -$19K | $12K | $0 | $0 | -$488K | -$4.55M | $44K | $0 | $0 | -$99 | $0 | $0 | $0 | $0 | -$190K | -$187K | $0 |
| Net Cash from Investing | -$188K | $1.21M | -$36K | -$115K | -$25K | -$450K | -$1.18M | -$3.32M | -$675K | -$488K | -$4.49M | $14K | -$341K | -$1.22M | -$7K | -$10K | -$4K | $4K | -$41K | -$216K | -$200K | -$79K |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | $369K | $324K | -$995K | $349K | -$1.17M | -$1.3M | $909K | -$341K | $1.01M | $1.2M | -$872K | $936K | $187K | -$915K | $243K | $86K | $21K | -$195K | $7K | -$146K | -$605K | -$716K |
| Common Stock Issuance | $74 | $3.25M | $0 | -$50K | $3.58M | $0 | $250K | $0 | $0 | $0 | $4.29M | $1.58M | $0 | $62.15M | $0 | $0 | $0 | $0 | $0 | $0 | $67K | $420K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | -$125K | -$24K | -$506K | -$15K | $0 | -$60K | $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 | -$276K | -$908K | $0 | -$160K | $0 | $2M | -$423K | $71K | $138K | $0 | $5.08M | $1.08M | $100K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K |
| Net Cash from Financing | -$645K | $2.02M | $995K | -$509K | $4.75M | $3.3M | -$1.21M | $388K | -$1.37M | -$1.35M | $7.18M | $85K | -$187K | $895K | -$243K | -$86K | -$21K | $195K | -$7K | $146K | $670K | $1.05M |
| 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 | -$860K | -$3.04M | $523K | -$1.22M | $1.06M | $1.09M | -$794K | -$374K | $1.37M | $1.63M | -$975K | $1.04M | $727K | $485K | $344K | $373K | -$16K | $86K | -$44K | $108K | $6K | -$16K |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | -$27K | -$6.27M | -$436K | -$599K | -$3.66M | -$1.76M | $1.59M | $2.56M | $3.42M | $3.47M | -$3.66M | $940K | $1.35M | $807K | $595K | $469K | $9K | -$113K | $3K | $179K | -$464K | -$952K |
| Capital Expenditure | -$242K | -$317K | -$122K | -$115K | -$25K | -$450K | -$1.13M | -$481K | -$50K | -$11K | -$1.55M | -$5K | -$341K | -$41K | -$8K | -$15K | -$13K | -$8K | -$41K | -$26K | -$13K | -$112K |
| Free Cash Flow | -$270K | -$6.59M | -$558K | -$714K | -$3.69M | -$2.21M | $461K | $2.08M | $3.37M | $3.46M | -$5.21M | $936K | $1.01M | $766K | $586K | $454K | -$4K | -$121K | -$37K | $152K | -$477K | -$1.06M |
| Cash at Beginning | $2.38M | $5.42M | $4.9M | $6.12M | $5.06M | $3.97M | $4.76M | $5.13M | $3.76M | $2.14M | $3.11M | $2.07M | $1.35M | $862K | $518K | $145K | $161K | $75K | $119K | $10K | $28K | $44K |
| Cash at End | $1.52M | $2.38M | $5.42M | $4.9M | $6.12M | $5.06M | $3.97M | $4.76M | $5.13M | $3.76M | $2.14M | $3.11M | $2.07M | $1.35M | $862K | $518K | $145K | $161K | $75K | $119K | $34K | $28K |