Lion Rock Resources Inc. (LRRIF)
Lion Rock Resources Inc. primarily focuses on the acquisition, exploration, development, and assessment of mineral resource properties, with a core emphasis on Canada. Its prospecting efforts target valuable minerals such as gold, lithium, tantalum, and tin. A key asset is the fully-owned Volney Project, strategically located in the Black Hills of South Dakota, USA. Previously operating as King's Bay Resources Corp., the company officially adopted the name Lion Rock Resources Inc. in July 2022. Founded in 1998, Lion Rock Resources Inc. maintains its headquarters in Vancouver, Canada.
Industry: Industrial Materials
Lion Rock Resources Inc
OTC:LRRIFBasic Materials · Industrial Materials
-4.96%$0.1505
Mkt Cap$16.36M
Float109.66M
O/S108.7M
Inst Own-
SI0.2%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$5.73M
Total Assets$3.19M
Free Cash Flow-$3.88M
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$2.24M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in LRRIF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$3.19M
Liabilities$951K
Accounts Receivable$14K
Accounts Payable$0
Inventory$0
PP&E (Net)$13K
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4K | $5K | $13K | $17K | $23K | $27K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | -$1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3K | -$4K | -$5K | -$13K | -$17K | -$23K | -$27K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Selling, General, and Administrative | $2.54M | $673K | $539K | $249K | $54K | $211K | $424K | $546K | $805K | $454K | $94K | $191K | $308K | $261K | $350K | $409K | $337K | $417K | $639K | $481K | $698K | $624K | $416K | $507K | $148K |
| Other | $2.91M | $576K | $261K | $88K | $17K | $0 | $119K | $0 | $12K | $3K | -$26K | $0 | $118K | $6K | $14K | $29K | $5K | -$22K | $38K | -$1.11M | -$360K | $32K | $34K | $32K | $18K |
| Total Operating Expenses | $5.45M | $1.25M | $800K | $249K | $72K | $211K | $544K | $546K | $817K | $457K | $68K | $191K | $427K | $267K | $364K | $438K | $342K | $395K | $677K | -$629K | $338K | $656K | $451K | $539K | $167K |
| Operating Income (EBIT) | -$5.46M | -$1.25M | -$540K | -$163K | -$54K | -$211K | -$404K | -$468K | -$710K | -$457K | -$75K | -$191K | -$428K | -$267K | -$364K | -$434K | -$358K | -$422K | -$654K | $1.78M | $43K | -$656K | -$451K | -$539K | -$167K |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | $0 | $0 | $0 | $0 | $2K | $23K | $10K | $0 | $0 | $158 | $151 | $3K | $2K | $2K | $511 | $2K | $1K | $429 | $393 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14 | $0 | $4 | $4 | $112 | $480 | $4K | $7K | $18K | $23K | $39K | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$273K | -$1.58M | -$1.63M | -$88K | -$173K | -$30K | -$135K | -$367K | -$176K | -$18K | -$1.5M | $41K | -$293K | -$130K | -$98K | -$1.37M | -$1.77M | -$189K | -$115K | -$3.41M | -$1.13M | -$878 | $36K | $89K | -$734 |
| Income Before Tax (EBT) | -$5.73M | -$1.58M | -$2.16M | -$251K | -$227K | -$241K | -$539K | -$914K | -$886K | -$471K | -$1.58M | -$150K | -$721K | -$398K | -$462K | -$1.8M | -$2.13M | -$611K | -$769K | -$1.63M | -$1.09M | -$657K | -$415K | -$450K | -$167K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | -$187K | $0 | $0 | -$18K | $0 | -$238K | $15K | -$1K | -$44K | -$71K | -$228K | -$527K | -$82K | -$357K | -$142K | -$156K | -$5K | $0 | -$4 | $0 |
| Net Income | -$5.73M | -$1.58M | -$2.16M | -$251K | -$227K | -$240K | -$539K | -$914K | -$868K | -$471K | -$1.34M | -$165K | -$720K | -$354K | -$389K | -$1.58M | -$1.61M | -$604K | -$412K | -$1.49M | -$933K | -$652K | -$415K | -$450K | -$167K |
| Net Income Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Supplementary Data | |||||||||||||||||||||||||
| EPS | -0.10 | -0.06 | -0.13 | -0.03 | -0.04 | -0.12 | -0.27 | -0.54 | -0.69 | -0.74 | -4.75 | -0.58 | -2.56 | -1.28 | -1.55 | -7.46 | -11.80 | -5.20 | -5.00 | -17.50 | -15.00 | -12.21 | -10.03 | -13.96 | -7.77 |
| Diluted EPS | -0.10 | -0.06 | -0.13 | -0.03 | -0.04 | -0.12 | -0.27 | -0.54 | -0.69 | -0.74 | -4.75 | -0.58 | -2.56 | -1.28 | -1.55 | -7.46 | -11.80 | -5.20 | -5.00 | -17.50 | -15.00 | -12.21 | -10.03 | -13.96 | -7.77 |
| Weighted Average OS | 80.65M | 39.85M | 22.97M | 13.51M | 8.56M | 2.75M | 2.75M | 2.36M | 1.76M | 888,537 | 396,628 | 395,907 | 393,963 | 389,498 | 351,484 | 296,723 | 190,868 | 163,035 | 135,662 | 119,208 | 85,357 | 74,902 | 58,031 | 45,176 | 30,248 |
| EBITDA | -$5.45M | -$1.25M | -$717K | -$86K | $0 | -$297 | -$38K | -$467K | -$710K | -$423K | -$74K | -$191K | -$395K | -$393K | -$448K | -$1.78M | -$2.11M | -$584K | -$733K | $1.81M | $62K | -$626K | -$418K | -$508K | -$149K |
| EBITDA Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Assets | |||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||
| Cash and Cash Equivalents | $1.33M | $138K | $171K | $406K | $117K | $2K | $0 | $237K | $56K | $256K | $1K | $7K | $23K | $12K | $24K | $20K | $904K | $165K | $768K | $1.07M | $443K | $1.52M | $885K | $526K | $297K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3K | $13K | $0 | $9K | $61K | $634K | $105K | $153K | $90K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.33M | $138K | $171K | $406K | $117K | $2K | $0 | $237K | $59K | $269K | $1K | $16K | $84K | $645K | $129K | $172K | $994K | $165K | $768K | $1.07M | $443K | $1.52M | $885K | $526K | $297K |
| Accounts Receivable | $14K | $11K | $10K | $8K | $0 | $1K | $0 | $0 | $15K | $47K | $961 | $2K | $5K | $10K | $77K | $608K | $122K | $246K | $745K | $77K | $91K | $55K | $36K | $37K | $4K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $11 | $0 | $2K | $2K | -$213 | $64K | $0 | $78 | $248 | $0 | $127K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $1.71M | $220K | $258K | $415K | $119K | $3K | $2K | $240K | $144K | $480K | $2K | $18K | $92K | $657K | $334K | $781K | $1.12M | $412K | $1.51M | $1.15M | $534K | $1.57M | $957K | $573K | $308K |
| Long-Term Assets | |||||||||||||||||||||||||
| Property, Plant & Equipment Net | $13K | $422K | $515K | $1.83M | $0 | $0 | $0 | $0 | $388K | $99K | $116K | $1.65M | $1.65M | $1.55M | $2.11M | $1.79M | $2.27M | $3.91M | $2.53M | $1.69M | $1.51M | $129K | $117K | $142K | $83K |
| 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 |
| 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 |
| Long-Term Investments | $49K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 |
| Other Long-Term Assets | $1.42M | $0 | $0 | -$480K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.11M | $609K | $268K | $83K |
| Total Long-Term Assets | $1.48M | $422K | $515K | $1.35M | $0 | $0 | $0 | $0 | $388K | $99K | $116K | $1.65M | $1.65M | $1.55M | $2.11M | $1.79M | $2.27M | $3.91M | $2.53M | $1.69M | $1.51M | $1.23M | $726K | $410K | $166K |
| 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 |
| Total Assets | $3.19M | $643K | $773K | $1.76M | $119K | $3K | $2K | $240K | $532K | $579K | $118K | $1.67M | $1.74M | $2.2M | $2.45M | $2.57M | $3.38M | $4.32M | $4.04M | $2.84M | $2.04M | $2.81M | $1.68M | $983K | $474K |
| Liabilities | |||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||
| Accounts Payable | $0 | $0 | $57K | $59K | $26K | $264K | $94K | $25K | $117K | $36K | $547K | $472K | $423K | $185K | $43K | $111K | $50K | $45K | $208K | $84K | $39K | $39K | $39K | $4K | $14K |
| Short-Term Debt | $0 | $89K | $89K | $128K | $0 | $83K | $90K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $4K | $23K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $493 | $1K | $8K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current 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 |
| Other Current Liabilities | $951K | $494K | $4K | $138K | $222 | $77K | $48K | -$7K | -$19K | -$7K | -$153K | $0 | $0 | $0 | $35K | $48K | -$38 | $6K | $0 | $0 | $60K | $377K | $0 | $0 | $0 |
| Total Current Liabilities | $951K | $582K | $150K | $187K | $30K | $442 | $232 | $19K | $98K | $28K | $394K | $522K | $441K | $204K | $101K | $188K | $50K | $51K | $208K | $84K | $99K | $416K | $39K | $4K | $14K |
| 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 | $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 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $238K | $223K | $225K | $233K | $257K | $340K | $624K | $233K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $1.32M | $1.14M | $962K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12K |
| Total Long-Term Liabilities | $0 | $1.32M | $1.14M | $962K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $238K | $223K | $225K | $233K | $257K | $340K | $624K | $233K | $0 | $0 | $0 | $0 | $0 | $12K |
| 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 |
| Total Liabilities | $951K | $1.9M | $1.29M | $1.14M | $30K | $442K | $232K | $19K | $98K | $28K | $394K | $760K | $664K | $428K | $334K | $445K | $390K | $675K | $441K | $84K | $99K | $416K | $39K | $4K | $26K |
| 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 |
| Common Stock | $25.4M | $17.44M | $16.76M | $15.75M | $15.07M | $14.19M | $14.16M | $14.16M | $10.66M | $12.77M | $11.48M | $11.48M | $0 | $0 | $0 | $0 | $0 | $0 | $7.94M | $6.87M | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$24.55M | -$18.86M | -$17.28M | -$15.12M | -$15.28M | -$14.98M | -$14.7M | -$14.16M | -$10.57M | -$12.38M | -$11.91M | -$10.57M | -$10.41M | -$10.37M | -$10.01M | -$8.58M | -$7.14M | -$5.54M | -$4.93M | -$4.52M | -$3.03M | -$2.02M | -$1.2M | -$785K | -$336K |
| Comprehensive Income & Other | $1.39M | $28K | $0 | $0 | $305K | $344K | $316K | $302K | $241K | $149K | $934 | $934 | $4K | $687K | $687K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.39M | $160K | $0 | $0 | $305K | $344K | $316K | $302K | $241K | $149K | $934 | $934 | $11.48M | $12.14M | $12.13M | $10.71M | $10.14M | $9.19M | $589K | $404K | $4.98M | $4.41M | $2.84M | $1.76M | $784K |
| Total Equity | $2.24M | -$1.26M | -$518K | $629K | $89K | -$439K | -$224K | $302K | $326K | $541K | -$429K | $911K | $1.08M | $1.77M | $2.11M | $2.12M | $2.99M | $3.65M | $3.6M | $2.75M | $1.94M | $2.39M | $1.64M | $979K | $448K |
| 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 |
| Total Liabilities and Equity | $3.19M | $643K | $773K | $1.77M | $119K | $3K | $8K | $320K | $424K | $569K | -$35K | $1.67M | $1.74M | $2.2M | $2.45M | $2.57M | $3.38M | $4.32M | $4.04M | $2.84M | $2.04M | $2.81M | $1.68M | $983K | $474K |
| Supplementary Data | |||||||||||||||||||||||||
| Total Debt | $0 | $89K | $89K | $128K | $0 | $83K | $90K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$1.33M | -$49K | -$82K | -$231K | -$117K | $81K | $90K | -$237K | -$45K | -$191K | -$1K | -$7K | -$23K | -$12K | -$24K | -$20K | -$904K | -$165K | -$768K | -$1.07M | -$443K | -$1.52M | -$885K | -$526K | -$297K |
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 | -$5.73M | -$1.58M | -$2.16M | -$249K | -$229K | -$189K | -$554K | -$669K | -$693K | -$471K | -$966K | -$165K | -$677 | $0 | -$389K | $0 | $0 | -$529K | -$412K | -$1.49M | -$933K | -$652K | -$415K | -$450K | -$167K |
| Depreciation & Amortization | $1K | $0 | $1.36M | $162K | $54K | $201K | $367K | $367K | $19 | $19 | $1.53M | $3K | $4K | $6K | $12K | $17K | $23K | $27K | $36K | $36K | $19K | $30K | $33K | $30K | $18K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$14K | $0 | -$171K | $15K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $216K | $148K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||
| Accounts Receivable | -$3K | -$1K | -$1K | -$8K | $5K | $398 | -$106K | $8K | -$3K | -$7K | $805 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $180K | $438K | -$77K | $16K | -$146K | $166K | $87K | -$20K | $86K | -$449K | $25K | $6K | $0 | $0 | $0 | $0 | $0 | $0 | $93K | $1.04M | $331K | $228K | $41K | -$16K | $167K |
| Total Working Capital Change | $177K | $437K | -$77K | $8K | -$142K | $167K | -$19K | -$11K | $83K | -$457K | $26K | $6K | $0 | $0 | $0 | $0 | $0 | $0 | $93K | $1.04M | $331K | $228K | $41K | -$16K | $167K |
| Other Non-Cash Items | $1.69M | $509K | $178K | -$165K | $105K | -$178K | -$237K | -$248K | -$77K | -$138K | -$446K | $14K | -$3K | -$6K | -$28K | -$284K | -$367K | $119K | -$36K | -$36K | -$19K | -$30K | -$33K | -$30K | -$164K |
| Net Cash from Operating | -$3.86M | -$634K | -$699K | -$243K | -$212K | $2K | -$442K | -$562K | -$485K | -$917K | -$24K | -$127K | -$173 | $0 | -$405K | -$266K | -$343K | -$382K | -$319K | -$449K | -$602K | -$424K | -$374K | -$466K | -$146K |
| Investing Activities | |||||||||||||||||||||||||
| Capital Expenditures | -$417K | $0 | -$250 | $0 | $0 | $0 | $0 | -$2K | -$228K | -$69K | -$1K | -$21K | -$86K | -$125K | -$504K | -$879K | -$387K | -$1.81M | -$940K | -$1.24M | -$1.05M | -$46K | -$7K | -$90K | -$69K |
| Acquisitions | $0 | $0 | $0 | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $356 | $0 | $0 | $0 | $62K | $18K | $146K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$50K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $0 | $0 | $19K | $60K | $281K | $80K | $64K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$238K | -$250K | -$311 | $0 | $0 | $0 | $85K | $3K | -$16K | $0 | $71K | $838 | $0 | $127 | $5K | $131K | -$220K | $0 | $8K | $454K | -$444K | -$340K | -$184K | -$84K |
| Net Cash from Investing | -$467K | -$238K | -$250K | $906 | $0 | $0 | $0 | $85K | -$225K | -$85K | $18K | $110K | $195K | -$45K | -$378K | -$856K | -$110K | -$2.03M | -$940K | -$1.23M | -$599K | -$490K | -$347K | -$274K | -$154K |
| Financing Activities | |||||||||||||||||||||||||
| Debt Repaid | - | - | - | - | $88K | - | -$102K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $5.61M | $713K | $763K | $535K | $421K | $0 | $17K | $784K | $496K | $1.29M | $0 | $0 | $0 | $0 | $914K | $238K | $1.19M | $1.8M | $955K | $2.31M | $581K | $1.26M | $1.08M | $981K | $596K |
| 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 | -$88K | $127K | -$10K | -$3K | -$7K | $0 | -$457 | -$39K | $14K | -$31K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$454K | $291K | $0 | -$12K | -$8K |
| Net Cash from Financing | $5.52M | $839K | $714K | $531K | $326K | $0 | $118K | $745K | $510K | $1.26M | $0 | $0 | $0 | $0 | $914K | $238K | $1.19M | $1.8M | $955K | $2.31M | $127K | $1.55M | $1.08M | $969K | $589K |
| Forex Effect | $6K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $1.2M | -$33K | -$235K | $290K | $114K | $2K | -$324K | $268K | -$200K | $255K | -$5K | -$17K | $12K | -$140K | $132K | -$884K | $739K | -$603K | -$305K | $630K | -$1.07M | $632K | $359K | $229K | $289K |
| Supplementary Data | |||||||||||||||||||||||||
| Operating Cash Flow | -$3.86M | -$634K | -$699K | -$243K | -$213K | $2K | -$442K | -$411K | -$387K | -$684K | -$17K | -$127K | -$173 | $0 | -$405K | -$266K | -$343K | -$382K | -$319K | -$449K | -$602K | -$424K | -$374K | -$466K | -$146K |
| Capital Expenditure | -$15K | $0 | -$250 | $0 | $0 | $0 | -$3 | -$2K | -$180K | -$69K | -$858 | -$21K | -$86K | -$125K | -$504K | -$874K | -$387K | -$1.81M | -$940K | -$1.24M | -$1.05M | -$46K | -$7K | -$90K | -$69K |
| Free Cash Flow | -$3.88M | -$634K | -$699K | -$241K | -$213K | $2K | -$454K | -$413K | -$567K | -$753K | -$18K | -$148K | -$86K | -$125K | -$909K | -$1.14M | -$730K | -$2.19M | -$1.26M | -$1.69M | -$1.65M | -$470K | -$381K | -$555K | -$216K |
| Cash at Beginning | $131K | $171K | $406K | $117K | $2K | -$333K | $316K | $56K | $256K | $1K | $7K | $23K | $12K | $152K | $20K | $904K | $165K | $768K | $1.07M | $443K | $1.52M | $885K | $526K | $297K | $8K |
| Cash at End | $1.33M | $138K | $171K | $406K | $117K | $2K | -$333K | $324K | $56K | $191K | $1K | $7K | $23K | $12K | $152K | $20K | $904K | $165K | $768K | $1.07M | $443K | $1.52M | $885K | $526K | $297K |