PAID INC (PAYD)
PAID, Inc. specializes in developing digital tools for managing shipping logistics and tax compliance across both the United States and Canada. The company's activities are organized into five primary segments: Client Services, Shipping Calculator Services, Brewery Management Software, Merchant Processing Services, and Shipping Coordination and Label Generation Services. One of its key products is AuctionInc, a robust suite of web-based tools that assists businesses with e-commerce functionalities such as managing online storefronts, optimizing shipping processes, calculating taxes, handling inventory, and processing auctions. Additionally, PAID offers BeerRun, a specialized software solution tailored for small craft breweries, which aids in their operational management and facilitates adherence to alcohol and tobacco tax and trade bureau reporting standards. Its ShipTime platform further enables users to efficiently obtain quotes, process orders, generate labels, track, and dispatch their shipments. Furthermore, PaidPayments provides comprehensive e-commerce solutions for small to medium-sized enterprises (SMEs), allowing them to market goods and services, securely accept payments, and cultivate repeat business through an integrated online payment processing system. The company was founded in 1995 and is headquartered in Marlborough, Massachusetts.
Sector: Services-Business Services, NEC
Industry: Software - Application
PAID, Inc.
OTC:PAYDTechnology · Software - Application
-12.18%$2.20
Mkt Cap$18.65M
Float1.72M
O/S8.48M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$20.71M
Net Income-$368K
Total Assets$8.28M
Free Cash Flow-$56K
Debt & Equity
Debt 2%
Equity 98%
Total Debt$93K
Total Equity$5.54M
Shares Outstanding
Short Interest
Split History2 splits · 1 reverse
- 300:1Forward splitJan 24, 20171 share → 300
- 1:50Reverse splitNov 13, 201550 shares → 1
Balance Sheet Details
Assets$8.28M
Liabilities$2.74M
Accounts Receivable$303K
Accounts Payable$1.39M
Inventory$0
PP&E (Net)$94K
Goodwill$0
Intangible Assets$1.76M
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 | 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 | 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 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Revenue | $20.71M | $18.59M | $16.56M | $16.59M | $14.89M | $12.92M | $10.55M | $9.25M | $7.57M | $524K | $273K | $797K | $4.35M | $13.97M | $6.92M | $7.19M | $4.73M | $2.18M | $3.38M | $8.05M | $4.92M | $1.85M | $1.5M | $1.28M | $972K | $1.3M | $1M | $0 | $0 | $6.7M |
| YoY Growth | 11.4% | 12.2% | -0.1% | 11.4% | 15.2% | 22.5% | 14.0% | 22.2% | 1345.7% | 91.9% | -65.7% | -81.7% | -68.8% | 101.8% | -3.8% | 52.2% | 116.7% | -35.5% | -58.0% | 63.6% | 165.6% | 23.2% | 17.8% | 31.3% | -25.1% | 29.3% | - | - | - | - |
| Cost of Revenue | $16.06M | $14.51M | $12.78M | $12.9M | $11.44M | $9.81M | $7.8M | $7.06M | $5.69M | $24K | $40K | $477K | $2.97M | $11.25M | $4.6M | $4.64M | $3.07M | $1.41M | $1.97M | $5.56M | $3.43M | $1.16M | $895K | $748K | $678K | $864K | $706K | $0 | $0 | $5.28M |
| Gross Profit | $4.64M | $4.07M | $3.79M | $3.69M | $3.45M | $3.11M | $2.75M | $2.19M | $1.89M | $499K | $233K | $320K | $1.39M | $2.72M | $2.33M | $2.55M | $1.66M | $771K | $1.42M | $2.49M | $1.49M | $690K | $609K | $528K | $294K | $434K | $297K | $0 | $0 | $1.41M |
| Gross Margin | 22.4% | 21.9% | 22.9% | 22.2% | 23.2% | 24.1% | 26.0% | 23.7% | 24.9% | 95.3% | 85.5% | 40.2% | 31.8% | 19.5% | 33.6% | 35.5% | 35.0% | 35.3% | 41.9% | 31.0% | 30.2% | 37.2% | 40.5% | 41.4% | 30.2% | 33.4% | 29.6% | - | - | 21.1% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $285K | $291K | $0 | $0 | $129K | $0 | $0 | $0 | $0 | $448K | $466K | $423K | $519K | $545K | $780K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $5.01M | $4.27M | $4.08M | $3.32M | $3.45M | $4.78M | $3M | $2.96M | $2.04M | $854K | $1.07M | $1.06M | $0 | $0 | $6.31M | $5.86M | $4.77M | $4.56M | $3.65M | $3.67M | $4.02M | $3.49M | $3.91M | $3.66M | $3.79M | $3.85M | $2.46M | $24 | $102K | $1.2M |
| Other | $287K | $293K | $297K | $312K | $491K | $459K | $463K | $62K | $12K | $954K | $0 | $1.46M | $2.88M | $6.47M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $664K | $0 | $0 |
| Total Operating Expenses | $5.3M | $4.56M | $4.37M | $3.63M | $3.94M | $5.24M | $3.46M | $3.49M | $2.58M | $954K | $1.07M | $1.46M | $2.88M | $6.47M | $6.31M | $5.86M | $5.22M | $5.02M | $4.07M | $4.18M | $4.56M | $4.27M | $3.91M | $3.66M | $3.79M | $3.85M | $2.46M | $664K | $102K | $1.2M |
| Operating Income (EBIT) | -$655K | -$493K | -$588K | $59K | -$491K | -$2.13M | $280K | -$11.66M | -$691K | -$455K | -$834K | -$1.14M | -$1.49M | -$3.75M | -$3.99M | -$3.31M | -$3.56M | -$4.25M | -$2.66M | -$1.69M | -$3.07M | -$3.58M | -$3.31M | -$3.14M | -$3.49M | -$3.94M | -$2.16M | -$664K | -$102K | $212K |
| Operating Margin | -3.2% | -2.7% | -3.5% | 0.4% | -3.3% | -16.5% | 2.7% | -126.0% | -9.1% | -86.8% | -305.5% | -142.9% | -34.3% | -26.8% | -57.6% | -46.0% | -75.4% | -194.9% | -78.5% | -21.0% | -62.5% | -193.4% | -219.9% | -245.8% | -359.3% | -303.7% | -215.6% | - | - | 3.2% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $14K | $927 | $946 | $0 | $3K | $6K | $3K | $602 | $3K | $484K | $83K | $18K | $295K | $497K | $409K | $418K | $900K | $1.6M | $0 | $0 | $0 | $43K |
| Interest Income | $36K | $175K | $203K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4 | $0 | $6K |
| Other Income (Expense) | $51K | $1.22M | $849K | $137K | $0 | $21K | $992K | $61K | -$2K | $108K | -$475K | -$830K | $368K | -$399K | $14K | -$505 | $78K | -$483K | -$68K | -$11K | -$295K | -$497K | -$409K | -$395K | -$866K | -$1.55M | -$20K | $0 | -$15K | $87K |
| Income Before Tax (EBT) | -$604K | $723K | $261K | $196K | -$491K | -$2.11M | $280K | -$11.59M | -$693K | -$347K | -$1.31M | -$1.66M | -$1.12M | -$4.15M | -$3.97M | -$3.31M | -$3.48M | -$4.73M | -$2.72M | -$1.7M | -$3.1M | -$4.08M | -$3.71M | -$3.53M | -$4.36M | -$5.49M | -$2.18M | $0 | -$117K | $299K |
| Income Tax Expense | -$236K | -$41K | -$92K | -$456K | $206K | $122K | -$2K | -$63K | -$76K | $456 | $975 | $2K | $4K | $6K | $3K | $602 | $3K | $0 | $0 | $11K | $27K | $0 | $0 | $0 | $0 | $0 | $20K | $987K | $3K | $174K |
| Net Income | -$368K | $764K | $353K | $652K | -$697K | -$2.23M | $282K | -$11.53M | -$617K | -$348K | -$1.31M | -$1.67M | -$1.13M | -$4.15M | -$3.97M | -$3.31M | -$3.48M | -$4.73M | -$2.72M | -$1.7M | -$3.1M | -$4.08M | -$3.71M | -$3.53M | -$4.36M | -$5.49M | -$2.18M | -$987K | -$7.19M | $129K |
| Net Income Margin | -1.8% | 4.1% | 2.1% | 3.9% | -4.7% | -17.3% | 2.7% | -124.6% | -8.1% | -66.4% | -479.8% | -209.1% | -25.9% | -29.7% | -57.4% | -46.0% | -73.7% | -217.0% | -80.5% | -21.2% | -63.0% | -220.2% | -247.1% | -276.8% | -448.4% | -423.3% | -217.6% | - | - | 1.9% |
| Supplementary Data | ||||||||||||||||||||||||||||||
| EPS | -0.04 | 0.09 | 0.04 | 0.08 | -0.09 | -0.41 | 0.06 | -7.11 | -0.37 | -0.33 | -1.82 | -2.52 | -1.71 | -6.46 | -6.74 | -5.97 | -6.68 | -9.84 | -6.01 | -4.05 | -8.43 | -12.46 | -12.91 | -15.20 | -34.48 | -57.08 | -24.11 | -33.49 | -550.63 | 8.50 |
| Diluted EPS | -0.04 | 0.09 | 0.04 | 0.08 | -0.09 | -0.41 | 0.05 | -7.11 | -0.37 | -0.33 | -1.82 | -2.52 | -1.71 | -6.46 | -6.74 | -5.97 | -6.68 | -9.84 | -6.01 | -4.05 | -8.43 | -12.46 | -12.91 | -15.20 | -34.48 | -57.08 | -24.11 | -33.49 | -550.63 | 8.50 |
| Weighted Average OS | 8.42M | 8.05M | 7.94M | 7.77M | 7.44M | 5.47M | 1.61M | 1.62M | 1.65M | 1.07M | 719,291 | 660,744 | 657,748 | 641,410 | 589,370 | 554,042 | 521,422 | 480,939 | 453,358 | 420,728 | 368,017 | 327,525 | 287,765 | 232,254 | 126,393 | 96,234 | 90,555 | 29,475 | 13,050 | 14,822 |
| EBITDA | -$334K | -$175K | -$248K | $420K | $55K | -$1.61M | -$199K | -$10.76M | $180K | -$243K | -$799K | -$1.64M | -$1.05M | -$4.06M | -$3.93M | -$3.28M | -$3.46M | -$4.18M | -$2.51M | -$1.54M | -$2.36M | -$2.49M | -$1.88M | -$1.47M | -$1.67M | -$2.53M | -$2.02M | -$664K | -$83K | $604K |
| EBITDA Margin | -1.6% | -0.9% | -1.5% | 2.5% | 0.4% | -12.5% | -1.9% | -116.2% | 2.4% | -46.5% | -292.9% | -205.5% | -24.1% | -29.1% | -56.8% | -45.6% | -73.3% | -191.6% | -74.3% | -19.2% | -48.0% | -134.7% | -124.8% | -115.6% | -171.4% | -195.3% | -201.4% | - | - | 9.0% |
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 | 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 | 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 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Assets | ||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $1.11M | $1.28M | $1.73M | $1.79M | $2.84M | $1.64M | $476K | $632K | $536K | $340K | $124K | $651K | $463K | $1.43M | $996K | $747K | $730K | $107K | $265K | $138K | $1.5M | $44K | $104K | $41K | $48K | $103K | $221K | $505 | $1K | $248K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $203K | $0 | $0 | $0 | $106K | $143K | $205K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $121 | $17K | $0 | $4K | $5K | $0 |
| Cash and Short-Term Investments | $1.11M | $1.28M | $1.73M | $1.79M | $2.84M | $1.64M | $476K | $632K | $739K | $340K | $124K | $651K | $569K | $1.58M | $1.2M | $747K | $730K | $107K | $265K | $138K | $1.5M | $44K | $104K | $41K | $48K | $120K | $221K | $4K | $6K | $248K |
| Accounts Receivable | $303K | $194K | $2.66M | $1.77M | $215K | $172K | $132K | $88K | $38K | $40K | $27K | $212K | $976K | $349K | $194K | $304K | $642K | $44K | $39K | $68K | $139K | $101K | $23K | $7K | $15K | $0 | $49K | $0 | $0 | $1.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $32K | $40K | $0 | $1K | $1K | $421K | $877K | $1.05M | $1.04M | $1.02M | $1.2M | $1.18M | $1.36M | $624K | $702K | $967K | $1.16M | $386K | $630K | $0 | $0 | $1.72M |
| Other Current Assets | $370K | $431K | $134K | $151K | $165K | $0 | $0 | $110K | $0 | $170K | $0 | $0 | $0 | $0 | $574K | $113K | $7 | $0 | $0 | $9K | $9K | $9K | $22K | $18K | $78K | $18K | $11K | $0 | $0 | $39K |
| Total Current Assets | $1.78M | $1.91M | $4.53M | $3.71M | $3.22M | $2M | $732K | $830K | $821K | $606K | $213K | $990K | $1.8M | $2.99M | $3.37M | $3.18M | $2.93M | $1.57M | $1.69M | $1.48M | $3.94M | $903K | $890K | $1.12M | $1.34M | $650K | $984K | $4K | $7K | $3.25M |
| Long-Term Assets | ||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $94K | $120K | $25K | $47K | $102K | $153K | $211K | $91K | $92K | $93K | $9K | $18K | $44K | $213K | $91K | $72K | $41K | $31K | $74K | $192K | $256K | $173K | $398K | $908K | $1.14M | $1.49M | $613K | $0 | $10K | $6.25M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10.7M | $9.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $50K | $0 | $0 | $2.19M |
| Intangible Assets | $1.76M | $1.95M | $2.42M | $2.66M | $3.18M | $3.63M | $4.05M | $4.29M | $5.5M | $5.96M | $277K | $4K | $5K | $349K | $7K | $8K | $9K | $10K | $11K | $12K | $33K | $689K | $1.41M | $2.28M | $3.08M | $4.19M | $0 | $0 | $0 | $0 |
| Long-Term Investments | $4.64M | $4.46M | $0 | $0 | $0 | $0 | $0 | $0 | -$10.13M | -$16.27M | $0 | -$16.98M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3M | $327K |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10.04M | $16.18M | $0 | $16.98M | $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 | $0 | $0 | $0 | $0 | $92K | $93K | $0 | $23K | $0 | $1.03M | $1.47M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $30K | $165K | $19K | $0 | $6K | $9K |
| Total Long-Term Assets | $6.5M | $6.53M | $2.45M | $2.71M | $3.28M | $3.79M | $4.26M | $4.38M | $16.29M | $16.04M | $286K | $46K | $49K | $1.25M | $1.57M | $80K | $49K | $41K | $85K | $203K | $290K | $862K | $1.81M | $3.19M | $4.25M | $5.84M | $682K | $713K | $3.02M | $8.78M |
| 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 | $8.28M | $8.44M | $6.97M | $6.42M | $6.5M | $5.79M | $4.99M | $5.21M | $17.11M | $16.65M | $499K | $1.04M | $1.85M | $4.23M | $4.93M | $3.26M | $2.98M | $1.61M | $1.77M | $1.68M | $4.23M | $1.76M | $2.7M | $4.31M | $5.58M | $6.49M | $1.67M | $717K | $3.02M | $12.03M |
| Liabilities | ||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||
| Accounts Payable | $1.39M | $1.69M | $1.48M | $1.61M | $1.63M | $1.46M | $876K | $758K | $637K | $564K | $95K | $216K | $500K | $728K | $491K | $293K | $160K | $399K | $272K | $396K | $275K | $165K | $205K | $261K | $359K | $137K | $349K | $0 | $17K | $743K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15K | $143K | $188K | $24K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $98K | $130K | $290K | $145K | $115K | $0 | $0 | $0 | $24K | $0 | $2K |
| Current Income Tax Payable | $0 | $22K | $22K | $22K | $32K | $32K | $32K | $0 | $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 | $330K | $373K | $15K | $13K | $11K | $9K | $5K | $144K | $279K | $238K | $7K | $7K | $14K | $230K | $303K | $165K | $191K | $120K | $110K | -$98K | $2.31M | -$290K | -$145K | -$115K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $22K | $182K | $235K | $318K | $0 | $0 | $2.13M | $2.13M | $1.95M | $998K | $672K | $437K | $1.49M | $0 | $586K | $413K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $2.09M | $2.54M | $1.93M | $2.08M | $2.72M | $1.78M | $1.13M | $2.19M | $2.13M | $1.97M | $1.13M | $912K | $974K | $2.5M | $2.14M | $934K | $943K | $1.01M | $762K | $1.41M | $3.79M | $1.45M | $1.01M | $804K | $1.24M | $1.14M | $430K | $24K | $17K | $982K |
| 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 | $1.15M | $2.4M | $3M | $3.78M | $4.54M | $2.74M | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | -$838K | -$961K | -$3K | -$12K | -$22K | -$29K | $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 | $408K | $420K | $623K | $708K | $838K | $961K | $1.07M | $1.09M | $1.27M | $1.26M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $784K |
| Other Long-Term Liabilities | $182K | $370K | $279K | $265K | $838K | $961K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$34 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $238K | $0 | $0 | $0 | -$1K |
| Total Long-Term Liabilities | $650K | $876K | $901K | $973K | $863K | $1.02M | $1.17M | $1.1M | $1.29M | $1.29M | $0 | $3K | $20K | $49K | $21K | $10K | $0 | $0 | $0 | $0 | $1.15M | $2.4M | $3M | $3.78M | $4.54M | $2.97M | $0 | $0 | $0 | $900K |
| 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 | $2.74M | $3.41M | $2.83M | $3.05M | $3.59M | $2.8M | $2.3M | $3.3M | $3.43M | $3.26M | $1.13M | $915K | $994K | $2.55M | $2.16M | $944K | $943K | $1.01M | $762K | $1.41M | $4.94M | $3.84M | $4.02M | $4.58M | $5.79M | $4.12M | $430K | $24K | $17K | $1.88M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $4K | $4K | $4K | $4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $133K | $8K | $8K | $8K | $8K | $6K | $2K | $2K | $2K | $2K | $9K | $339K | $329K | $329K | $309K | $286K | $268K | $251K | $235K | $218K | $200K | $173K | $159K | $128K | $80K | $55K | $47K | $170K | $65K | $75K |
| Retained Earnings | -$69.24M | -$68.87M | -$69.64M | -$69.67M | -$70.32M | -$69.63M | -$67.01M | -$67.13M | -$55.85M | -$55.41M | -$55.06M | -$53.75M | -$52.08M | -$50.96M | -$46.81M | -$42.84M | -$39.53M | -$36.04M | -$31.31M | -$28.59M | -$26.48M | -$23.38M | -$19.3M | -$15.59M | -$12.06M | -$7.7M | -$2.21M | -$873K | -$7.27M | -$81K |
| Comprehensive Income & Other | $241K | $226K | $428K | $316K | $590K | $571K | $513K | $344K | $976K | -$454K | -$451K | -$441K | -$132K | -$545K | -$469K | -$430K | -$404K | -$386K | -$1.16M | -$1.03M | -$2.27M | -$35K | -$1.82M | -$45K | -$234K | -$424K | $0 | $0 | $0 | -$47K |
| Other Stockholders' Equity | $74.65M | $73.89M | $73.77M | $73.03M | $73.22M | $72.6M | $69.7M | $69.04M | $69.53M | $68.79M | $54.42M | $53.53M | $52.61M | $52.31M | $49.27M | $44.86M | $41.3M | $36.39M | $32.08M | $28.64M | $25.58M | $21.13M | $17.83M | $15.19M | $11.78M | $10.02M | $3.4M | $1.4M | $10.21M | $10.15M |
| Total Equity | $5.54M | $5.03M | $4.14M | $3.37M | $2.91M | $2.98M | $2.7M | $1.92M | $13.68M | $13.38M | -$632K | $121K | $857K | $1.69M | $2.77M | $2.31M | $2.04M | $599K | $1.01M | $271K | -$708K | -$2.08M | -$1.31M | -$274K | -$202K | $2.38M | $1.24M | $693K | $3.01M | $10.14M |
| 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 | $1K |
| Total Liabilities and Equity | $8.28M | $8.44M | $6.97M | $6.42M | $6.5M | $5.79M | $4.99M | $5.21M | $17.11M | $16.65M | $499K | $1.04M | $1.85M | $4.23M | $4.93M | $3.26M | $2.98M | $1.61M | $1.77M | $1.68M | $4.23M | $1.76M | $2.7M | $4.31M | $5.58M | $6.49M | $1.67M | $717K | $3.02M | $12.03M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Total Debt | $93K | $118K | $14K | $22K | $61K | $98K | $137K | $36K | $174K | $54K | $27K | $18K | $41K | $75K | $35K | $17K | $592.35M | $495.14M | $0 | $98K | $1.28M | $2.69M | $3.15M | $3.89M | $4.54M | $2.74M | $0 | $24K | $0 | $219K |
| Net Debt | -$1.02M | -$1.17M | -$1.72M | -$1.77M | -$2.78M | -$1.55M | -$339K | -$597K | -$361K | -$285K | -$97K | -$633K | -$423K | -$1.36M | -$961K | -$730K | $592K | $495K | -$265K | -$40K | -$223K | $2.64M | $3.04M | $3.85M | $4.5M | $2.63M | -$221K | $23K | -$1K | -$29K |
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 | 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 | 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 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | -$368K | $764K | $353K | $652K | -$697K | -$2.23M | $282K | -$11.53M | -$617K | -$348K | -$1.31M | -$1.67M | -$1.13M | -$4.15M | -$3.97M | -$3.31M | -$3.48M | -$4.73M | -$2.72M | -$1.7M | -$3.1M | -$4.08M | -$3.71M | -$3.53M | -$4.36M | -$5.49M | -$2.18M | -$664K | -$6.71M | $129K |
| Depreciation & Amortization | $320K | $319K | $340K | $361K | $545K | $517K | $513K | $836K | $859K | $103K | $35K | $26K | $74K | $77K | $41K | $27K | $18K | $71K | $129K | $148K | $841K | $1.09M | $1.43M | $1.66M | $1.83M | $881K | $235K | $0 | $4K | $392K |
| Deferred Income Tax | -$236K | -$42K | -$100K | -$77K | -$131K | -$121K | -$73K | -$84K | -$77K | -$44K | $15K | $546K | $914K | $679K | $3.92M | $0 | $0 | $61K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3K | $174K |
| Stock-Based Compensation | $868K | $236K | $704K | $172K | $604K | $2.45M | $408K | $600K | $119K | $42K | $181K | $248K | $368K | $850K | $700K | $452K | $453K | $453K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||
| Accounts Receivable | -$138K | -$4K | -$32K | -$331 | -$42K | -$60K | -$40K | -$54K | -$13K | $896 | $63K | $219K | -$29K | -$160K | $86K | -$144K | -$200K | -$1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $85K | -$25K | -$212K | $136K | $65K | $68K | $1K | $211K | $419K | $58K | $51K | -$10K | -$138K | $29K | -$14K | $33K | $140K | $78K | $265K | $194K | $241K | $244K | $171K | $0 | $0 | -$432K |
| Accounts Payable | -$376K | $286K | -$160K | $123K | $838K | $547K | $165K | $174K | $37K | -$34K | -$120K | -$285K | -$236K | $237K | $199K | $133K | -$240K | $127K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$128K | $94K | -$19K | -$330K | $2K | $3K | -$143K | -$119K | $24K | $10K | $17K | -$30K | -$979K | $401K | $723K | -$243K | $77K | -$97K | -$392K | -$1.71M | $1.97M | $187K | $202K | -$535K | $388K | $400K | -$599K | -$2K | $14K | $295K |
| Total Working Capital Change | -$642K | $376K | -$212K | -$208K | $883K | $465K | -$230K | $137K | $114K | $45K | -$39K | $116K | -$824K | $536K | $1.06M | -$264K | -$500K | $57K | -$406K | -$1.67M | $2.11M | $265K | $467K | -$341K | $629K | $643K | -$428K | -$2K | $14K | -$137K |
| Other Non-Cash Items | $4K | -$1.2M | -$849K | -$100K | $604K | $19K | -$884K | $10.36M | $29K | -$4K | $540K | $233K | -$379K | $2.56M | -$1.45M | $2.76M | $3M | $2.7M | $1.84M | $1.58M | $1.57M | $2M | $1.29M | $1.78M | $1.29M | $1.33M | $882K | $665K | $6.59M | $73K |
| Net Cash from Operating | -$53K | $448K | $236K | $801K | $1.2M | $1.1M | $16K | $317K | $427K | -$206K | -$578K | -$497K | -$975K | $553K | $289K | -$327K | -$513K | -$1.4M | -$1.16M | -$1.65M | $1.42M | -$729K | -$529K | -$435K | -$608K | -$2.64M | -$1.49M | -$530 | -$99K | $630K |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | -$2K | -$7K | $4 | $0 | -$1K | $0 | -$16K | -$31K | -$29K | $0 | -$298K | -$4K | $0 | -$135K | -$29K | -$57K | -$27K | -$27K | -$11K | -$62K | -$234K | -$66K | -$9K | -$350K | -$168K | -$227K | -$634K | $0 | -$2K | -$245K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $739 | $0 | $1K | $0 | $279K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$50K | $0 | -$16K | $0 | $0 | $0 | $0 | -$53K | -$75K |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1K | $0 | -$401K | -$3.25M | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $158K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $512 | $20K | $385K | $3.13M | $0 | $0 | $0 |
| Other Investing Activities | -$150K | -$750K | -$4 | -$1.5M | $0 | $0 | $0 | $1K | $0 | $2K | -$298K | -$64K | $32K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $97K | $0 | $0 | $0 | $11K | -$50K | $10K | -$313K | $106K | $0 |
| Net Cash from Investing | -$152K | -$757K | $0 | -$1.5M | -$1K | $739 | -$16K | -$30K | -$29K | $281K | -$298K | $158K | $32K | -$135K | -$29K | -$57K | -$27K | -$27K | -$11K | -$62K | -$137K | -$116K | -$9K | -$367K | -$137K | -$293K | -$736K | -$313K | $51K | -$320K |
| Financing Activities | ||||||||||||||||||||||||||||||
| Debt Repaid | - | - | - | - | $3K | $10K | $24K | $304K | $6K | $3K | $15K | $22K | $26K | $23K | $12K | -$17K | - | -$1.1M | $18K | $32K | - | -$66K | -$601K | -$793K | -$935K | -$2.3M | - | - | - | $442K |
| Common Stock Issuance | $2K | $4K | $3K | $0 | $0 | $36K | $0 | $0 | $0 | $180K | $375K | $525K | $0 | $0 | $0 | $0 | $925K | $0 | $1.26M | $382K | $277K | $573K | $0 | $3K | $0 | $517K | $0 | $314K | $0 | $0 |
| Common Stock Repurchases | $0 | -$4K | $0 | -$107K | $0 | -$36K | $0 | $0 | -$27K | $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 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $20K | $0 | $0 | $0 | $0 | -$202K | $0 | $0 | $25K | $0 | $42K | $1K | $0 | $238K | $164K | $57K | $0 | -$97K | $0 | $0 | $0 | -$245K | $0 | $2.45M | $0 | $0 | $202K |
| Net Cash from Financing | $2K | $392 | $3K | -$87K | -$3K | -$243 | -$187K | -$333K | -$235K | $141K | $348K | $528K | -$26K | $19K | -$11K | $401K | $1.16M | $1.26M | $1.3M | $350K | $180K | $784K | $601K | $795K | $691K | $2.82M | $2.45M | $314K | $0 | -$240K |
| Forex Effect | $27K | -$139K | $26K | -$266K | -$4K | $67K | $32K | -$61K | $33K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.23M | $314K | $0 | $0 |
| Net Change in Cash | -$177K | -$447K | $265K | -$1.05M | $1.2M | $1.17M | -$156K | -$106K | $196K | $216K | -$527K | $188K | -$970K | $437K | $249K | $17K | $623K | -$158K | $126K | -$1.36M | $1.46M | -$61K | $63K | -$6K | -$55K | -$119K | $2.45M | $314K | -$49K | $70K |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Operating Cash Flow | -$53K | $448K | $236K | $801K | $1.2M | $1.1M | $16K | $317K | $427K | -$206K | -$578K | -$497K | -$975K | $553K | $289K | -$327K | -$513K | -$1.4M | -$1.16M | -$1.65M | $1.42M | -$729K | -$529K | -$435K | -$608K | -$2.64M | -$1.49M | -$530 | -$99K | $630K |
| Capital Expenditure | -$2K | -$7K | $4 | $0 | -$1K | $0 | -$16K | -$31K | -$29K | $0 | -$298K | -$4K | $0 | -$135K | -$29K | -$57K | -$27K | -$27K | -$11K | -$62K | -$234K | -$66K | -$9K | -$350K | -$168K | -$227K | -$634K | $0 | -$2K | -$245K |
| Free Cash Flow | -$56K | $441K | $236K | $801K | $1.2M | $1.1M | -$573 | $286K | $398K | -$206K | -$876K | -$501K | -$975K | $418K | $260K | -$385K | -$540K | -$1.42M | -$1.18M | -$1.71M | $1.18M | -$795K | -$538K | -$785K | -$776K | -$2.87M | -$2.13M | -$530 | -$102K | $385K |
| Cash at Beginning | $1.28M | $1.73M | $1.79M | $2.84M | $1.64M | $476K | $632K | $739K | $340K | $124K | $651K | $463K | $1.43M | $996K | $747K | $730K | $107K | $265K | $138K | $1.5M | $44K | $104K | $41K | $48K | $103K | $221K | -$2.23M | -$314K | $50K | $179K |
| Cash at End | $1.11M | $1.28M | $2.05M | $1.79M | $2.84M | $1.64M | $476K | $632K | $536K | $340K | $124K | $651K | $463K | $1.43M | $996K | $747K | $730K | $107K | $265K | $138K | $1.5M | $44K | $104K | $41K | $48K | $103K | $221K | $505 | $1K | $248K |