PACIFIC HEALTH CARE ORGANIZATION INC (PFHO)
Pacific Health Care Organization, Inc. (PFHO), along with its various subsidiaries, specializes in providing targeted managed care services for workers' compensation throughout the United States. The company serves a wide array of clients, including self-insured businesses, insurance companies, third-party claims administrators, local government entities, and other industries. PFHO is responsible for the administration of Health Care Organizations (HCOs) and Medical Provider Networks (MPNs). For its California-based customers, it also brokers contractual agreements to set up specialized workers' compensation carve-out programs. Beyond these core functions, the firm furnishes comprehensive HCO, MPN, and medical case management programs. It further supplies a full suite of claims-related services, encompassing utilization reviews, medical bill auditing, ongoing medical case management, assistance with lien representation, legal guidance, and Medicare set-aside arrangements. Established in 1970, the organization initially operated under the name Clear Air, Inc., before adopting its current designation, Pacific Health Care Organization, Inc., in January 2001. Its corporate base is situated in Newport Beach, California.
Sector: Services-Misc Health & Allied Services, NEC
Industry: Medical - Healthcare Plans
Pacific Health Care Organization, Inc.
OTC:PFHOHealthcare · Medical - Healthcare Plans
+0.00%$0.9400
Mkt Cap$12.03M
Float2.7M
O/S12.8M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$6.72M
Net Income$1.39M
Total Assets$13.48M
Free Cash Flow$1.14M
Debt & Equity
Equity 100%
Preferred 0%
Total Debt$0
Total Equity$13.07M
Preferred Stock$16
Shares Outstanding
Short Interest
Split History2 splits
- 4:1Forward splitJan 6, 20201 share → 4
- 4:1Forward splitApr 5, 20181 share → 4
Balance Sheet Details
Assets$13.48M
Liabilities$402K
Accounts Receivable$1.02M
Accounts Payable$228K
Inventory$0
PP&E (Net)$52K
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 | $6.72M | $6.07M | $5.63M | $5.74M | $5.4M | $6.04M | $7.33M | $6.8M | $6.51M | $5.69M | $8.22M | $9.46M | $6.57M | $4.83M | $2.83M | $1.62M | $1.76M | $2.36M | $2.04M | $1.97M | $2.08M | $1.67M | $1.1M | $653K | $0 |
| YoY Growth | 10.7% | 7.7% | -2.0% | 6.3% | -10.6% | -17.6% | 7.9% | 4.5% | 14.4% | -30.8% | -13.1% | 44.0% | 36.2% | 70.4% | 75.3% | -8.1% | -25.4% | 15.7% | 3.3% | -5.1% | 24.2% | 52.3% | 68.0% | - | - |
| Cost of Revenue | $3.5M | $3.49M | $3.47M | $3.56M | $3.39M | $3.68M | $3.94M | $3.4M | $2.3M | $2.32M | $2.32M | $2.53M | $2.08M | $1.66M | $1.13M | $692K | $743K | $920K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $3.22M | $2.58M | $2.16M | $2.18M | $2.01M | $2.37M | $3.39M | $3.4M | $4.21M | $3.37M | $5.9M | $6.94M | $4.49M | $3.17M | $1.7M | $923K | $1.02M | $1.44M | $2.04M | $1.97M | $2.08M | $1.67M | $1.1M | $653K | $0 |
| Gross Margin | 47.9% | 42.5% | 38.4% | 38.0% | 37.2% | 39.2% | 46.3% | 50.0% | 64.7% | 59.3% | 71.7% | 73.3% | 68.3% | 65.7% | 60.0% | 57.1% | 57.7% | 61.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | - |
| 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 | $4.77M | $4.42M | $3.99M | $4.86M | $4.62M | $4.96M | $5.36M | $4.7M | $4.53M | $4.39M | $5.16M | $3.53M | $2.37M | $1.91M | $1.36M | $999K | $972K | $1.18M | $1.82M | $2.05M | $2.05M | $1.49M | $185K | $103K | $37K |
| Other | -$2.55M | -$2.7M | $901K | $216K | $269K | $260K | $292K | $35K | $106K | $98K | $84K | $108K | $61K | $29K | $14K | $6K | $582 | $879 | $10K | $10K | $11K | $22K | $855K | $586K | $265K |
| Total Operating Expenses | $2.22M | $1.73M | $1.42M | $5.08M | $4.89M | $5.22M | $5.65M | $4.91M | $4.82M | $4.72M | $5.4M | $3.64M | $2.43M | $1.94M | $1.38M | $1M | $973K | $1.18M | $1.83M | $2.06M | $2.06M | $1.52M | $1.04M | $689K | $302K |
| Operating Income (EBIT) | $1M | $853K | $679K | $666K | $516K | $820K | $1.68M | $1.89M | $1.69M | $969K | $2.82M | $3.3M | $2.06M | $1.23M | $322K | -$81K | $43K | $255K | $205K | -$91K | $13K | $155K | $58K | -$36K | -$302K |
| Operating Margin | 14.9% | 14.1% | 12.1% | 11.6% | 9.6% | 13.6% | 22.9% | 27.8% | 25.9% | 17.0% | 34.3% | 34.8% | 31.3% | 25.5% | 11.4% | -5.0% | 2.4% | 10.8% | 10.1% | -4.6% | 0.6% | 9.3% | 5.3% | -5.5% | - |
| Interest Expense | $2K | $4K | $0 | $0 | $5K | $0 | $0 | $0 | $0 | $0 | $202 | $1K | $2K | $2K | $1K | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $474K | $415K | $410K | $27K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $460 | $704 | $957 | $2K | $3K | $4K | $5K | $2K | $2K | $271 | $114 | $568 | $6K |
| Other Income (Expense) | $894K | $411K | $410K | $27K | $680K | $0 | $0 | $0 | $0 | $0 | -$202 | -$1K | -$2K | $319 | -$2K | $106 | $3K | $4K | $5K | $2K | $2K | $271 | $114 | $568 | $6K |
| Income Before Tax (EBT) | $1.89M | $1.26M | $1.09M | $693K | $1.2M | $820K | $1.68M | $1.89M | $1.69M | $969K | $2.82M | $3.3M | $2.05M | $1.23M | $321K | -$81K | $46K | $259K | $210K | -$89K | $16K | $155K | $58K | -$35K | -$296K |
| Income Tax Expense | $507K | $380K | $321K | $200K | $201K | $271K | $482K | $530K | $723K | $403K | $1.14M | $1.33M | $821K | $522K | $122K | -$21K | $14K | $116K | $81K | -$11K | $24K | $671 | -$114 | $0 | $0 |
| Net Income | $1.39M | $884K | $768K | $493K | $995K | $550K | $1.2M | $1.36M | $964K | $567K | $1.68M | $1.96M | $1.23M | $711K | $198K | -$60K | $32K | $143K | $129K | -$77K | -$8K | $154K | $58K | -$35K | -$296K |
| Net Income Margin | 20.7% | 14.6% | 13.6% | 8.6% | 18.4% | 9.1% | 16.3% | 20.0% | 14.8% | 10.0% | 20.4% | 20.7% | 18.8% | 14.7% | 7.0% | -3.7% | 1.8% | 6.1% | 6.3% | -3.9% | -0.4% | 9.2% | 5.3% | -5.4% | - |
| Supplementary Data | |||||||||||||||||||||||||
| EPS | 0.11 | 0.07 | 0.06 | 0.04 | 0.08 | 0.04 | 0.09 | 0.11 | 0.30 | 0.18 | 0.53 | 0.61 | 0.39 | 0.06 | 0.02 | -0.00 | 0.00 | 0.01 | 0.01 | -0.01 | -0.00 | 0.05 | 0.02 | -0.02 | -0.16 |
| Diluted EPS | 0.11 | 0.07 | 0.06 | 0.04 | 0.08 | 0.04 | 0.09 | 0.11 | 0.30 | 0.18 | 0.53 | 0.61 | 0.39 | 0.06 | 0.02 | -0.00 | 0.00 | 0.01 | 0.01 | -0.01 | -0.00 | 0.05 | 0.02 | -0.02 | -0.16 |
| Weighted Average OS | 12.80M | 12.80M | 12.80M | 12.80M | 12.80M | 12.80M | 12.80M | 12.80M | 3.20M | 3.20M | 3.20M | 3.20M | 3.21M | 12.84M | 12.84M | 12.59M | 12.59M | 12.59M | 12.34M | 12.34M | 3.09M | 3.09M | 3.08M | 2.31M | 1.90M |
| EBITDA | $1.03M | $1.3M | $716K | $700K | $1.25M | $876K | $1.76M | $1.96M | $1.76M | $1.05M | $2.89M | $3.35M | $2.1M | $1.26M | $336K | -$74K | $46K | $256K | $214K | -$81K | $25K | $177K | $75K | -$23K | -$300K |
| EBITDA Margin | 15.3% | 21.5% | 12.7% | 12.2% | 23.1% | 14.5% | 24.0% | 28.8% | 27.1% | 18.5% | 35.2% | 35.4% | 31.9% | 26.2% | 11.8% | -4.6% | 2.6% | 10.9% | 10.5% | -4.1% | 1.2% | 10.6% | 6.8% | -3.5% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $2.17M | $2.07M | $2.57M | $2.04M | $10.09M | $9.5M | $8.1M | $7.07M | $5.82M | $5.01M | $3.83M | $2.95M | $1.27M | $480K | $368K | $350K | $604K | $624K | $419K | $273K | $345K | $507K | $398K | $202K | $164K |
| Short-Term Investments | $10.04M | $9.03M | $7.88M | $8.75M | $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 | $12.21M | $11.1M | $10.44M | $10.78M | $10.09M | $9.5M | $8.1M | $7.07M | $5.82M | $5.01M | $3.83M | $2.95M | $1.27M | $480K | $368K | $350K | $604K | $624K | $419K | $273K | $345K | $507K | $398K | $202K | $164K |
| Accounts Receivable | $1.02M | $1.03M | $1.02M | $938K | $951K | $1.07M | $1.13M | $964K | $1.04M | $850K | $1.04M | $1.87M | $1.52M | $1.34M | $558K | $298K | $167K | $177K | $224K | $241K | $351K | $179K | $121K | $43K | $0 |
| Inventory | $0 | $0 | $0 | -$3K | -$23K | -$4K | -$15K | $0 | $0 | $0 | $0 | $80K | $42K | $0 | $54K | $81K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $39K | $0 | $130K | $86K | $325K | $63K | $210K | $149K | $347K | $77K | $42K | $0 | $0 | $11K | $12K | $16K | $15K | $15K | $20K | $0 | $0 | $0 | $0 |
| Total Current Assets | $13.39M | $12.34M | $11.68M | $11.9M | $11.14M | $10.65M | $9.54M | $8.34M | $7.07M | $6M | $5.22M | $4.97M | $2.9M | $1.87M | $980K | $729K | $849K | $868K | $709K | $580K | $739K | $727K | $543K | $254K | $170K |
| Long-Term Assets | |||||||||||||||||||||||||
| Property, Plant & Equipment Net | $52K | $52K | $134K | $148K | $163K | $432K | $684K | $142K | $167K | $226K | $268K | $179K | $128K | $168K | $71K | $23K | $3K | $4K | $831 | $10K | $20K | $31K | $48K | $34K | $20K |
| 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 | $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 |
| Deferred Tax Assets | $29K | $38K | $0 | $0 | $0 | $0 | $23K | $63K | $44K | $12K | $35K | $77K | $42K | $0 | $0 | $11K | $12K | $16K | $14.51M | $14.62M | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $7K | $7K | $7K | $7K | $27K | $27K | $4K | -$37K | -$17K | $15K | -$9K | -$69K | -$33K | $8K | $8K | -$2K | -$12K | -$16K | -$14.51M | -$14.62M | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $89K | $98K | $141K | $154K | $190K | $459K | $710K | $168K | $194K | $253K | $295K | $187K | $136K | $176K | $79K | $31K | $3K | $4K | $831 | $10K | $20K | $31K | $48K | $34K | $20K |
| 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 | $13.48M | $12.43M | $11.82M | $12.05M | $11.33M | $11.11M | $10.25M | $8.51M | $7.26M | $6.26M | $5.52M | $5.16M | $3.04M | $2.05M | $1.06M | $760K | $853K | $872K | $709K | $590K | $759K | $758K | $592K | $289K | $190K |
| Liabilities | |||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||
| Accounts Payable | $228K | $148K | $160K | $263K | $45K | $80K | $52K | $64K | $71K | $101K | $64K | $240K | $108K | $121K | $86K | $30K | $7K | $2K | $14K | $10K | $41K | $22K | $17K | $4K | $0 |
| Short-Term Debt | $0 | $35K | $0 | $0 | $0 | $311K | $266K | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $69K | $296K | $3K | $0 | $62K | $159K | $100 | $82K | $31K | $245K | $9K | $3K | $249K | $2K | $100 | $100 | $35K | $300K | $1.6M | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $34K | $34K | $31K | $34K | $34K | $32K | $46K | $45K | $38K | $39K | $43K | $0 | $0 | $2K | $30K | $12K | $20K | $30K | $91K | $84K | $35K | $120K | $0 | $0 | $0 |
| Other Current Liabilities | $16K | $0 | $191K | $118K | $45K | $88K | $118K | $23K | $35K | $18K | $10K | $236K | $160K | $31K | $5K | $0 | $154K | $81K | $10K | $0 | $0 | $0 | $165K | $0 | $346K |
| Total Current Liabilities | $389K | $746K | $1.01M | $709K | $501K | $1.04M | $682K | $424K | $539K | $499K | $385K | $534K | $289K | $520K | $257K | $149K | $195K | $246K | $226K | $235K | $313K | $320K | $322K | $79K | $346K |
| Long-Term Liabilities | |||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $11K | $0 | $150K | $292K | $0 | $0 | $0 | $0 | $0 | $8K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | -$16K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $116K | $110K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $13K | $0 | $0 | $16K | $7K | $19K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6K | $5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | -$11K | -$0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$8K | $0 | -$0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $13K | $0 | $12K | $26K | $7K | $235K | $292K | $112K | $109K | $140K | $107K | $248K | $8K | $21K | $7K | $14K | $26K | $32K | $105K | $93K | $76K | $141K | $17K | $4K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$112K | -$109K | -$140K | -$107K | -$248K | $0 | $0 | $0 | $0 | -$26K | -$32K | -$105K | -$93K | -$76K | -$141K | -$17K | -$4K | $0 |
| Total Liabilities | $402K | $746K | $1.02M | $735K | $508K | $1.28M | $974K | $424K | $539K | $499K | $385K | $534K | $297K | $542K | $264K | $162K | $195K | $246K | $226K | $235K | $313K | $320K | $322K | $79K | $346K |
| Stockholders' Equity | |||||||||||||||||||||||||
| Preferred Stock | $16 | $16 | $16 | $16 | $16 | $16 | $16 | $4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $13K | $13K | $13K | $13K | $13K | $13K | $13K | $3K | $800 | $800 | $800 | $800 | $802 | $802 | $802 | $802 | $802 | $802 | $15K | $15K | $15K | $15K | $15K | $15K | $10K |
| Retained Earnings | $12.65M | $11.26M | $10.37M | $10.89M | $10.4M | $9.4M | $8.85M | $7.65M | $6.29M | $5.33M | $4.76M | $4.08M | $2.12M | $883K | $171K | -$27K | $33K | $1K | -$142K | -$271K | -$172K | -$164K | $0 | $0 | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | -$0 | $0 | -$489K | -$422K | -$346K | -$262K | -$226K | -$177K | -$134K | -$104K | -$92K | -$86K | -$86K | -$85K | -$75K | -$66K | -$54K | -$32K | -$15K | $0 |
| Other Stockholders' Equity | $416K | $416K | $416K | $416K | $416K | $416K | $416K | $426K | $428K | $428K | $370K | $547K | $624K | $624K | $624K | $624K | $624K | $624K | $610K | $610K | $603K | $586K | $254K | $194K | -$166K |
| Total Equity | $13.07M | $11.69M | $10.8M | $11.32M | $10.82M | $9.83M | $9.28M | $8.08M | $6.72M | $5.76M | $5.13M | $4.63M | $2.74M | $1.51M | $796K | $598K | $658K | $626K | $484K | $355K | $447K | $438K | $270K | $209K | -$156K |
| 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 | $13.48M | $12.43M | $11.82M | $12.05M | $11.33M | $11.11M | $10.25M | $8.51M | $7.26M | $6.26M | $5.52M | $5.16M | $3.04M | $2.05M | $1.06M | $760K | $853K | $872K | $709K | $590K | $759K | $758K | $592K | $289K | $190K |
| Supplementary Data | |||||||||||||||||||||||||
| Total Debt | $0 | $35K | $56K | $61K | $70K | $770K | $559K | $3K | $0 | $0 | $0 | $8K | $29K | $41K | $14K | $20K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$2.17M | -$2.04M | -$2.51M | -$1.98M | -$10.02M | -$8.73M | -$7.55M | -$7.07M | -$5.82M | -$5.01M | -$3.83M | -$2.94M | -$1.24M | -$439K | -$355K | -$330K | -$604K | -$624K | -$419K | -$273K | -$345K | -$507K | -$398K | -$202K | -$164K |
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 | $1.39M | $884K | $768K | $493K | $995K | $550K | $1.2M | $1.36M | $964K | $567K | $1.68M | $1.96M | $1.23M | $711K | $198K | -$60K | $32K | $143K | $129K | -$77K | -$8K | $154K | $58K | -$35K | -$296K |
| Depreciation & Amortization | $24K | $34K | $38K | $34K | $49K | $55K | $76K | $67K | $76K | $85K | $69K | $49K | $44K | $29K | $14K | $6K | $582 | $879 | $10K | $10K | $11K | $22K | $17K | $13K | $2K |
| Deferred Income Tax | $22K | $881 | $0 | $9K | -$12K | $42K | $41K | -$20K | $0 | $24K | $42K | $0 | $0 | $0 | $0 | $2K | $3K | -$1K | $105 | $5K | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $49K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||
| Accounts Receivable | $543 | $11K | -$109K | -$6K | $119K | $32K | -$198K | $133K | -$188K | $182K | $813K | -$374K | -$186K | -$809K | -$285K | -$84K | $22K | $47K | -$10.31M | $137.57M | $0 | $0 | -$78K | -$43K | $0 |
| Inventory | $0 | $0 | $0 | $0 | -$55K | $302K | -$43K | -$179K | $22K | $247K | -$309K | $85K | $0 | $0 | $0 | -$126K | $0 | $0 | $6.2M | -$106.4M | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $80K | -$12K | -$103K | $218K | -$35K | $28K | -$12K | -$7K | -$30K | $38K | -$177K | $132K | -$12K | $34K | $56K | $23K | $5K | -$12K | $4.11M | -$31.17M | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$320K | -$192K | $344K | $355 | -$23K | $488 | $69K | -$54K | -$19K | $88K | $92K | $17K | -$269K | $244K | $103K | -$8K | -$80K | $32K | $8K | -$16K | -$182K | -$77K | $229K | $75K | $0 |
| Total Working Capital Change | -$240K | -$193K | $132K | $212K | $6K | $362K | -$183K | -$108K | -$214K | $555K | $420K | -$140K | -$468K | -$530K | -$125K | -$194K | -$53K | $66K | $8K | -$16K | -$182K | -$77K | $150K | $33K | -$6K |
| Other Non-Cash Items | -$33K | -$50K | -$5K | -$36K | -$664K | $20K | -$41K | $20K | $369K | $0 | -$498K | $107K | -$315K | $0 | $2K | -$2K | -$3K | $1K | $0 | $7K | $17K | $14K | $2K | $55K | $78K |
| Net Cash from Operating | $1.16M | $675K | $932K | $711K | $386K | $987K | $1.09M | $1.32M | $826K | $1.21M | $2.17M | $1.87M | $808K | $211K | $88K | -$249K | -$20K | $210K | $146K | -$72K | -$162K | $113K | $227K | $65K | -$223K |
| Investing Activities | |||||||||||||||||||||||||
| Capital Expenditures | -$23K | -$9K | -$18K | -$39K | -$18K | -$54K | -$59K | -$42K | -$17K | -$42K | -$158K | -$101K | -$3K | -$126K | -$63K | -$26K | $0 | -$4K | $0 | $0 | $0 | -$5K | -$32K | -$27K | -$22K |
| Acquisitions | $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 |
| Purchases of Investments | -$19.69M | -$17.06M | -$15.49M | -$8.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $18.72M | $15.93M | $16.31M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | -$8.72M | -$18K | -$54K | -$59K | -$42K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$990K | -$1.13M | $807K | -$8.76M | -$18K | -$54K | -$59K | -$42K | -$17K | -$42K | -$158K | -$101K | -$3K | -$126K | -$63K | -$26K | $0 | -$4K | $0 | $0 | $0 | -$5K | -$32K | -$27K | -$22K |
| Financing Activities | |||||||||||||||||||||||||
| Debt Repaid | - | -$140K | - | - | -$219K | -$461K | - | - | - | - | $8K | $13K | $19K | -$27K | $6K | -$20K | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $44K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$177K | -$77K | $0 | $0 | $0 | $0 | $0 | -$1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | -$1.21M | $0 | $0 | $0 | $0 | -$20K | $0 | -$2K | -$934K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$37K | -$104K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $938 | $0 | $19K |
| Net Cash from Financing | -$72K | $35K | -$1.21M | $0 | $219K | $461K | $0 | -$20K | $0 | $7K | -$1.12M | -$90K | -$19K | $27K | -$6K | $20K | $0 | -$1K | $0 | $0 | $0 | $0 | $938 | $0 | $63K |
| Forex Effect | $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 |
| Net Change in Cash | $98K | -$424K | $530K | -$8.05M | $587K | $1.39M | $1.03M | $1.26M | $809K | $1.17M | $889K | $1.68M | $786K | $111K | $19K | -$254K | -$20K | $205K | $146K | -$72K | -$162K | $108K | $196K | $38K | -$181K |
| Supplementary Data | |||||||||||||||||||||||||
| Operating Cash Flow | $1.16M | $675K | $932K | $711K | $386K | $987K | $1.09M | $1.32M | $826K | $1.21M | $2.17M | $1.87M | $808K | $211K | $88K | -$249K | -$20K | $210K | $146K | -$72K | -$162K | $113K | $227K | $65K | -$223K |
| Capital Expenditure | -$23K | -$9K | -$18K | -$39K | -$18K | -$54K | -$59K | -$42K | -$17K | -$42K | -$158K | -$101K | -$3K | -$126K | -$63K | -$26K | $0 | -$4K | $0 | $0 | $0 | -$5K | -$32K | -$27K | -$22K |
| Free Cash Flow | $1.14M | $666K | $915K | $672K | $368K | $934K | $1.03M | $1.28M | $809K | $1.16M | $2.01M | $1.77M | $805K | $84K | $25K | -$274K | -$20K | $206K | $146K | -$72K | -$162K | $108K | $196K | $38K | -$244K |
| Cash at Beginning | $2.07M | $2.49M | $2.04M | $10.09M | $9.5M | $8.1M | $7.07M | $5.82M | $5.01M | $3.83M | $2.95M | $1.27M | $480K | $368K | $350K | $604K | $624K | $419K | $273K | $345K | $507K | $398K | $202K | $164K | $346K |
| Cash at End | $2.17M | $2.07M | $2.57M | $2.04M | $10.09M | $9.5M | $8.1M | $7.07M | $5.82M | $5.01M | $3.83M | $2.95M | $1.27M | $480K | $368K | $350K | $604K | $624K | $419K | $273K | $345K | $507K | $398K | $202K | $164K |