PACIFIC RIDGE EXPLORATION LTD (PEXZF)
Pacific Ridge Exploration Ltd. is an exploration-stage company that acquires and develops resource properties in both Canada and the United States, primarily focusing on gold and copper. Its most important asset is the Kliyul copper-gold project, a roughly 6,000-hectare site located in the northern Quesnel terrane of British Columbia. Founded in 1979, the company was initially known as Columbia Gold Mines before adopting its current name. Pacific Ridge Exploration Ltd. is headquartered in Vancouver, Canada.
Industry: Other Precious Metals
Pacific Ridge Exploration Ltd.
OTC:PEXZFBasic Materials · Other Precious Metals
-3.77%$0.0932
Mkt Cap$3.43M
Float36.49M
O/S36.81M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$4.17M
Total Assets$4.74M
Free Cash Flow-$3.71M
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$4.67M
Shares Outstanding
Short Interest
Split History3 splits · 3 reverse
2-year cumulative
1:10
Nasdaq bars a compliance period at 1:250
- 1:10Reverse splitJan 23, 202510 shares → 1
- 1:5Reverse splitApr 30, 20135 shares → 1
- 1:4Reverse splitJul 24, 20094 shares → 1
Balance Sheet Details
Assets$4.74M
Liabilities$68K
Accounts Receivable$3K
Accounts Payable$0
Inventory$0
PP&E (Net)$3.08M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $7K | $44K | $52K | $23K | $29K | $20K | $19K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | -$7K | -$44K | -$52K | -$23K | -$29K | -$20K | -$19K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $0 |
| Selling, General, and Administrative | $1.76M | $2.25M | $6.05M | $5.35M | $2.21M | $201K | $175K | $186K | $494K | $437K | $120K | $218K | $306K | $468K | $657K | $452K | $320K | $461K | $305K | $293K | $195K | $195K | $259K | $123K | $114K | $71K |
| Other | $2.49M | $1.65M | $4.61M | $4.15M | $1.4M | $0 | $174K | -$148K | $7K | $0 | $0 | $0 | $0 | $0 | $11K | $0 | -$116K | $0 | -$220K | $0 | -$68 | $34K | $0 | $1K | $0 | $91K |
| Total Operating Expenses | $4.25M | $2.25M | $6.05M | $5.61M | $2.2M | $618K | $245K | $590K | $428K | $204K | $161K | $218K | $312K | $476K | $3.11M | $452K | $302K | $461K | $526K | $300K | $200K | $213K | $268K | $137K | $165K | $139K |
| Operating Income (EBIT) | -$4.25M | -$2.25M | -$6.05M | -$5.53M | -$2.21M | -$636K | -$270K | -$1.34M | -$494K | -$436K | -$269K | -$218K | -$514K | -$1.88M | -$3.1M | -$1.5M | -$320K | -$446K | -$526K | $4.75M | $127K | $974K | -$255K | $573K | $270K | $348K |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | $44 | $2K | $6K | $790 | $3K | $2K | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25K | $0 | $0 | $0 | $0 | $0 | $0 | $155 | $0 |
| Interest Income | $8K | $16K | $121K | $36K | $2K | $3K | $7K | $0 | $0 | $0 | $0 | $165 | $3K | $16K | $0 | $0 | $14K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8K | $0 |
| Other Income (Expense) | $76K | -$113K | $493K | $32K | $209K | $234K | $72K | $677K | $502K | -$222K | $450K | -$107K | -$339K | -$1.41M | $39K | -$39K | -$279K | -$2.71M | $24K | -$5.01M | -$319K | -$1.15M | -$13K | -$709K | -$106K | -$396K |
| Income Before Tax (EBT) | -$4.18M | -$2.36M | -$5.56M | -$5.49M | -$2M | -$352K | -$198K | $275K | $7K | -$426K | $180K | -$297K | -$649K | -$1.87M | -$3.06M | -$1.48M | -$599K | -$3.16M | -$502K | -$300K | -$200K | -$180K | -$269K | -$136K | $165K | -$49K |
| Income Tax Expense | -$9K | $0 | $0 | $0 | $0 | $2K | $0 | -$925K | $0 | $409K | $0 | $107K | $336K | $1.39M | $0 | $39K | -$81K | -$558K | -$375K | $5.01M | $318K | $1.18M | $12K | $710K | $98K | $480K |
| Net Income | -$4.17M | -$2.36M | -$5.56M | -$5.49M | -$2M | -$352K | -$198K | $275K | $7K | -$426K | $180K | -$297K | -$649K | -$1.87M | -$3.06M | -$1.48M | -$518K | -$2.6M | -$127K | -$5.31M | -$518K | -$1.36M | -$280K | -$846K | -$263K | -$529K |
| Net Income Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Supplementary Data | ||||||||||||||||||||||||||
| EPS | -0.15 | -0.09 | -0.22 | -0.22 | -0.06 | -0.01 | -0.01 | 0.01 | 0.00 | -0.02 | 0.01 | -0.02 | -0.05 | -0.19 | -0.34 | -0.35 | -0.16 | -0.91 | -0.05 | -2.78 | -0.33 | -0.99 | -0.36 | -1.40 | -0.43 | -0.86 |
| Diluted EPS | -0.15 | -0.09 | -0.22 | -0.22 | -0.06 | -0.01 | -0.01 | 0.01 | 0.00 | -0.02 | 0.01 | -0.02 | -0.05 | -0.19 | -0.34 | -0.35 | -0.16 | -0.30 | -0.05 | -2.78 | -0.33 | -0.99 | -0.36 | -1.40 | -0.43 | -0.86 |
| Weighted Average OS | 37.10M | 35.82M | 35.82M | 35.82M | 47.83M | 32.86M | 31.73M | 31.47M | 31.22M | 25.50M | 24.39M | 21.42M | 17.22M | 14.06M | 12.63M | 6.04M | 4.44M | 4.00M | 3.50M | 2.68M | 2.19M | 1.93M | 1.10M | 886,328 | 865,912 | 862,578 |
| EBITDA | -$4.25M | -$2.27M | -$6.05M | -$5.47M | -$2.12M | -$344K | -$177K | -$402K | -$487K | -$409K | -$269K | -$294K | -$642K | -$1.86M | -$3.13M | -$1.39M | -$596K | -$446K | -$513K | $4.75M | $127K | $974K | -$255K | $574K | -$59K | $349K |
| 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 | FY 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 |
| Assets | ||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||
| Cash and Cash Equivalents | $1.56M | $9K | $386K | $5.57M | $392K | $448K | $638K | $865K | $427K | $495K | $349K | $91K | $108K | $424K | $2.31M | $3.44M | $688K | $252K | $1.14M | $1.31M | $332K | $677K | $551K | $0 | $94K | $322K |
| Short-Term Investments | $0 | $0 | $0 | $32K | $38K | $30K | $12K | $19K | $26K | $0 | $81K | $23K | $90K | $0 | $0 | $0 | $0 | $570K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.56M | $9K | $386K | $5.6M | $430K | $479K | $650K | $884K | $453K | $495K | $430K | $114K | $198K | $424K | $2.31M | $3.44M | $688K | $822K | $1.14M | $1.31M | $332K | $677K | $551K | $0 | $94K | $322K |
| Accounts Receivable | $3K | $32K | $58K | $34K | $22K | $6K | $2K | $4K | $2K | $9K | $3K | $6K | $0 | $14K | $25K | $27K | $44K | $47K | $182K | $85K | $2K | $7K | $12K | $6K | $2K | $4K |
| 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 | $0 |
| Other Current 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 Current Assets | $1.61M | $76K | $479K | $5.67M | $512K | $491K | $656K | $892K | $458K | $507K | $436K | $122K | $199K | $448K | $2.34M | $3.48M | $745K | $869K | $1.33M | $1.41M | $334K | $684K | $563K | $6K | $96K | $327K |
| Long-Term Assets | ||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $3.08M | $3.09M | $3.15M | $436K | $426K | $360K | $321K | $357K | $370K | $404K | $369K | $487K | $608K | $806K | $703K | $470K | $297K | $2.84M | $4.81M | $1.64M | $5.04M | $5.16M | $5.84M | $5.09M | $5.68M | $5.7M |
| 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 | $49K | $39K | $35K | $46K | $15K | $0 | $12K | $17K | $9K | $4K | $0 | $0 | $0 | $0 | $0 | $7K | $7K | $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 | $0 |
| Other Long-Term Assets | $0 | $56K | $46K | $0 | $0 | $24K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $10K | $10K | $0 | $0 |
| Total Long-Term Assets | $3.13M | $3.15M | $3.2M | $482K | $441K | $384K | $333K | $374K | $379K | $407K | $369K | $487K | $608K | $806K | $703K | $477K | $304K | $2.84M | $4.81M | $1.64M | $5.04M | $5.16M | $5.85M | $5.1M | $5.68M | $5.7M |
| 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 | $4.74M | $3.22M | $3.68M | $6.15M | $953K | $875K | $989K | $1.27M | $837K | $914K | $805K | $608K | $807K | $1.25M | $3.05M | $3.96M | $1.05M | $3.71M | $6.14M | $3.05M | $5.37M | $5.84M | $6.41M | $5.1M | $5.78M | $6.03M |
| Liabilities | ||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||
| Accounts Payable | $0 | $111K | $113K | $264K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36K | $65K | $17K | $57K | $84K | $61K | $13K | $9K |
| Short-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 | $0 |
| Current Income Tax Payable | $0 | $0 | $116K | $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 | $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 Current Liabilities | $68K | $3K | $293K | $1.01M | $159K | $74K | $51K | $167K | $26K | $136K | $3K | $0 | $0 | $93K | $132K | $103K | $0 | $3K | $102K | $79K | $19K | $34K | $28K | $68K | $8K | $10K |
| Total Current Liabilities | $68K | $118K | $448K | $1.27M | $180K | $94K | $62K | $167K | $26K | $136K | $3K | $12K | $22K | $93K | $132K | $103K | $77K | $84K | $139K | $144K | $36K | $92K | $112K | $129K | $21K | $20K |
| 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 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $0 | $3K | $0 | $0 | $15K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $68K | $118K | $451K | $1.27M | $180K | $109K | $62K | $167K | $26K | $136K | $3K | $12K | $22K | $93K | $132K | $103K | $77K | $84K | $139K | $144K | $36K | $92K | $112K | $129K | $21K | $20K |
| 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 | $51.98M | $47.09M | $45.04M | $41.41M | $33M | $31.21M | $31.08M | $31.08M | $31.06M | $31.05M | $30.7M | $0 | $0 | $0 | $0 | $0 | $24.25M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$52.4M | -$48.27M | -$45.91M | -$40.33M | -$34.84M | -$32.84M | -$32.49M | -$32.29M | -$32.56M | -$32.57M | -$32.14M | -$32.32M | -$32.03M | -$31.38M | -$29.51M | -$26.45M | -$24.97M | -$21.73M | -$19.13M | -$19M | -$13.69M | -$13.17M | -$11.81M | -$11.53M | -$10.68M | -$10.42M |
| Comprehensive Income & Other | $0 | $0 | $0 | -$9K | $713 | -$7K | -$26K | -$20K | -$4K | $0 | $0 | -$13K | -$4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $67K | $22K | $0 | $0 | $0 |
| Other Stockholders' Equity | $5.09M | $4.29M | $4.1M | $3.8M | $2.61M | $2.39M | $2.34M | $2.31M | $2.31M | $2.3M | $2.25M | $32.92M | $32.81M | $32.54M | $32.43M | $30.31M | $1.69M | $25.36M | $25.13M | $21.91M | $19.03M | $18.92M | $18.11M | $16.5M | $16.44M | $16.43M |
| Total Equity | $4.67M | $3.1M | $3.23M | $4.87M | $773K | $767K | $927K | $1.1M | $811K | $778K | $802K | $596K | $785K | $1.16M | $2.91M | $3.86M | $972K | $3.63M | $6M | $2.9M | $5.34M | $5.75M | $6.3M | $4.97M | $5.75M | $6.01M |
| 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 |
| Total Liabilities and Equity | $4.74M | $3.22M | $3.68M | $6.15M | $953K | $875K | $989K | $1.27M | $837K | $914K | $805K | $608K | $807K | $1.25M | $3.05M | $3.96M | $1.05M | $3.71M | $6.14M | $3.05M | $5.37M | $5.84M | $6.41M | $5.1M | $5.78M | $6.03M |
| Supplementary Data | ||||||||||||||||||||||||||
| Total Debt | $0 | $3K | $45K | $0 | $21K | $35K | $11K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$1.56M | -$6K | -$342K | -$5.57M | -$371K | -$414K | -$627K | -$865K | -$427K | -$495K | -$349K | -$91K | -$108K | -$424K | -$2.31M | -$3.44M | -$688K | -$252K | -$1.14M | -$1.31M | -$332K | -$677K | -$551K | $0 | -$94K | -$322K |
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 | 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 |
| Operating Activities | ||||||||||||||||||||||||||
| Net Income | -$4.17M | -$2.36M | -$5.56M | -$5.49M | -$2M | -$352K | -$198K | $275K | $7K | -$426K | $180K | -$297K | -$648K | -$1.87M | -$3.06M | -$1.48M | -$519K | -$2.6M | -$127K | -$5.31M | -$518K | -$1.36M | -$280K | -$846K | -$263K | -$529K |
| Depreciation & Amortization | $7K | $44K | $52K | $23K | $29K | $20K | $19K | $56K | $23K | $17K | $17K | $3K | $6K | $8K | $12K | $7K | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $660 | $902 |
| Deferred Income Tax | $0 | -$108K | -$734K | $309K | -$152K | -$14K | $53K | $0 | $0 | $0 | $0 | $0 | $205K | $0 | $0 | $0 | -$80K | -$558K | -$375K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $574K | $4K | $392K | $574K | $166K | $33K | $32K | $14K | $14K | $34K | $13K | $0 | $27K | $80K | $202K | $114K | $22K | $79K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||
| Accounts Receivable | $29K | $25K | -$23K | -$12K | -$16K | -$4K | $2K | -$2K | $7K | -$6K | $4K | $0 | $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 | $0 |
| Accounts Payable | $0 | -$1K | -$153K | $65K | $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 | -$53K | -$115K | $111K | $94K | $32K | $20K | -$115K | $138K | -$111K | $133K | -$12K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$61K | -$52K | -$51K | -$15K | -$24K | $104K | $4K | $863 |
| Total Working Capital Change | -$23K | -$91K | -$66K | $82K | $15K | $16K | -$113K | $138K | -$103K | $127K | -$8K | -$15K | -$48K | -$29K | $15K | $44K | -$17K | $86K | -$61K | -$52K | -$51K | -$15K | -$24K | $104K | $4K | $863 |
| Other Non-Cash Items | -$74K | $27K | -$397K | -$448K | -$213K | -$287K | -$119K | -$865K | -$460K | -$43K | -$456K | $83K | $187K | $0 | -$21K | $39K | $0 | $2.69M | $224K | $5.16M | $413K | $1.24M | $30K | $710K | $105K | $486K |
| Net Cash from Operating | -$3.69M | -$2.48M | -$6.31M | -$4.95M | -$2.15M | -$582K | -$327K | -$382K | -$520K | -$291K | -$254K | -$226K | -$476K | -$1.81M | -$2.85M | -$1.27M | -$590K | -$306K | -$339K | -$205K | -$156K | -$138K | -$274K | -$30K | -$153K | -$41K |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditures | -$28K | -$3K | -$54K | -$131K | -$45K | -$19K | -$2K | -$36K | -$21K | -$24K | $0 | -$21K | -$113K | -$77K | -$166K | -$38K | -$135K | -$68K | -$2.88M | -$1.53M | -$64K | -$464K | -$590K | -$115K | -$75K | -$76K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $435K | $0 | $0 | $0 | $0 | -$121K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$31K | $0 | -$11K | $0 | -$9K | -$5K | -$4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$570K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $5K | $0 | $17K | $0 | $9K | $0 | $5K | $0 | $0 | $89K | $5K | $95K | $0 | $0 | $7K | $0 | $577K | $0 | $0 | $0 | $2K | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$8K | $406K | $534K | $234K | $288K | $121K | $854K | $473K | $25K | $506K | $38K | $35K | $0 | $107K | $0 | $0 | -$449K | $7K | $0 | -$126K | $30K | -$6K | $0 | $0 | $1K |
| Net Cash from Investing | -$24K | -$11K | $368K | $372K | $198K | $257K | $124K | $818K | $451K | $86K | $511K | $111K | -$78K | -$77K | -$52K | -$159K | $441K | -$1.09M | -$2.87M | -$1.53M | -$188K | -$435K | -$597K | -$115K | -$75K | -$75K |
| Financing Activities | ||||||||||||||||||||||||||
| Debt Repaid | - | $44K | $46K | $21K | $27K | $17K | $20K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $5.27M | $2.47M | $471K | $10.13M | $1.88M | $167K | $0 | $0 | $0 | $350K | $0 | $98K | $238K | $0 | $1.77M | $8.38M | $584K | $502K | $3.38M | $2.77M | $0 | $703K | $1.43M | $55K | $0 | $428K |
| 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 | -$13K | $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 | -$3K | -$312K | $340K | -$347K | $48K | -$15K | -$2K | $0 | $0 | $350K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$335K | -$63K | $0 | -$4K | -$13K | -$4K | $0 | -$3K |
| Net Cash from Financing | $5.26M | $2.12M | $764K | $9.76M | $1.9M | $134K | -$23K | $0 | $0 | $350K | $0 | $98K | $238K | $0 | $1.77M | $4.19M | $584K | $502K | $3.04M | $2.71M | $0 | $698K | $1.42M | $51K | $0 | $425K |
| Forex Effect | $393 | -$23K | -$3K | -$3K | -$2K | $708 | -$1K | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $1.55M | -$378K | -$5.18M | $5.18M | -$57K | -$190K | -$227K | $439K | -$68K | $146K | $258K | -$17K | -$316K | -$1.88M | -$1.13M | $2.76M | $436K | -$891K | -$167K | $978K | -$344K | $126K | $551K | -$94K | -$228K | $309K |
| Supplementary Data | ||||||||||||||||||||||||||
| Operating Cash Flow | -$3.69M | -$2.48M | -$6.31M | -$4.95M | -$2.15M | -$582K | -$327K | -$382K | -$520K | -$291K | -$254K | -$226K | -$476K | -$1.81M | -$2.85M | -$1.27M | -$590K | -$306K | -$339K | -$205K | -$156K | -$138K | -$274K | -$30K | -$153K | -$41K |
| Capital Expenditure | -$28K | -$3K | -$4K | -$131K | -$45K | -$19K | -$2K | -$36K | -$21K | -$24K | $0 | -$21K | -$113K | -$77K | -$166K | -$38K | -$135K | -$68K | -$2.88M | -$1.53M | -$64K | -$464K | -$590K | -$115K | -$75K | -$76K |
| Free Cash Flow | -$3.71M | -$2.49M | -$6.32M | -$5.09M | -$2.2M | -$602K | -$329K | -$417K | -$541K | -$315K | -$254K | -$248K | -$589K | -$1.88M | -$3.02M | -$1.31M | -$726K | -$374K | -$3.22M | -$1.73M | -$220K | -$602K | -$864K | -$145K | -$228K | -$117K |
| Cash at Beginning | $8K | $386K | $5.57M | $392K | $448K | $638K | $865K | $427K | $495K | $349K | $91K | $108K | $424K | $2.31M | $3.44M | $688K | $252K | $1.14M | $1.31M | $332K | $677K | $551K | $0 | $94K | $322K | $13K |
| Cash at End | $1.56M | $9K | $386K | $5.57M | $392K | $448K | $638K | $865K | $427K | $495K | $349K | $91K | $108K | $424K | $2.31M | $3.44M | $688K | $252K | $1.14M | $1.31M | $332K | $677K | $551K | $0 | $94K | $322K |