PyroGenesis Canada Inc. (PYRGF)
PyroGenesis Canada Inc., based in Montreal, Canada, is a global innovator in developing, manufacturing, and commercializing advanced plasma processes and solutions. The company's diverse portfolio includes DROSRITE, an eco-friendly process for significantly enhancing metal recovery from dross without producing any hazardous by-products. They also employ a plasma atomization technique to produce high-purity, spherical metal powders. For silicon processing, PyroGenesis offers PUREVAP, which converts quartz into high-grade metallurgical and solar silicon, as well as PUREVAP NSiR, specifically engineered to transform silicon into spherical nano-powders and nanowires for use in lithium-ion batteries. Furthermore, PyroGenesis provides robust plasma torches and systems designed to replace fossil fuel burners in industrial applications like iron ore pelletization. Their waste management solutions encompass plasma arc systems for destroying waste onboard ships; steam plasma arc cracking systems for the safe disposal of various refrigerants, including CFCs, HFCs, and HCFCs; and mobile plasma arc systems for the onsite elimination of chemical warfare agents. They also offer plasma resource recovery systems for land-based waste destruction and waste-to-energy conversion, along with plasma torches for waste gasification and combustion, and advanced plasma arc gasification and vitrification services. Beyond its proprietary technologies, PyroGenesis extends its capabilities through comprehensive engineering and manufacturing expertise, contract research services, and delivers complete turnkey process equipment packages. These offerings serve a broad range of sectors, including defense, metallurgy, mining, additive manufacturing (including 3D printing), oil and gas, and environmental industries. To ensure seamless operation, the company also provides essential installation, commissioning, and start-up support for its systems.
Sector: Pharmaceutical Preparations
Industry: Industrial - Machinery
PyroGenesis Canada Inc.
OTC:PYRGFIndustrials · Industrial - Machinery
-0.81%$0.1518
Mkt Cap$26.35M
Float141.78M
O/S173.58M
Inst Own0.1%
SI0.8%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$8.96M
Net Income-$10.52M
Total Assets$12.32M
Free Cash Flow-$7.38M
Debt & Equity
Total Debt$4.74M
Total Equity-$7.43M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in PYRGF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$12.32M
Liabilities$19.76M
Accounts Receivable$4.23M
Accounts Payable$4.52M
Inventory$1.69M
PP&E (Net)$3.44M
Goodwill$0
Intangible Assets$773K
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $8.96M | $11.16M | $8.8M | $13.55M | $22.15M | $12.67M | $3.43M | $3.59M | $5.13M | $3.72M | $4.45M | $4.11M | $4.1M | $2.37M | $3.29M | $5.5M | $659 | $11K | $18K | $10K |
| YoY Growth | -19.7% | 26.8% | -35.1% | -38.8% | 74.8% | 269.2% | -4.3% | -30.1% | 37.7% | -16.3% | 8.3% | 0.2% | 73.2% | -27.9% | -40.2% | 834870.9% | -94.0% | -38.9% | 72.5% | - |
| Cost of Revenue | $6.25M | $8.26M | $6.35M | $7.75M | $13.28M | $5.33M | $2.51M | $2.79M | $2.9M | $3.29M | $4.24M | $2.91M | $3.23M | $3.47M | $4.01M | $4.45M | $0 | $0 | $0 | $0 |
| Gross Profit | $2.71M | $2.01M | $2.45M | $5.81M | $8.86M | $7.34M | $925K | $791K | $2.23M | $464K | $209K | $1.19M | $873K | -$1.53M | -$724K | $1.05M | $659 | $11K | $18K | $10K |
| Gross Margin | 30.2% | 18.0% | 27.9% | 42.8% | 40.0% | 58.0% | 27.0% | 22.1% | 43.5% | 12.5% | 4.7% | 29.1% | 21.3% | -64.6% | -22.0% | 19.2% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $622K | $427K | $1.58M | $1.65M | $1.81M | -$521K | $607K | $636K | $207K | $66K | $98K | $149K | $150K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $10.29M | $5.28M | $18.98M | $19.66M | $19.42M | $8.79M | $4.41M | $4.66M | $3.67M | $3.11M | $3.31M | $3.23M | $2.74M | $2.55M | $2.99M | $2.42M | $32K | $54K | $59K | $23K |
| Other | $888K | $2.5M | $3.09M | $1.03M | $0 | $0 | $1.69M | $0 | $0 | -$26K | $0 | $156K | $411K | $11K | $842K | $208K | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $11.8M | $8.21M | $23.65M | $22.34M | $21.22M | $8.27M | $6.71M | $5.3M | $3.88M | $3.15M | $3.41M | $3.53M | $3.3M | $2.56M | $3.83M | $2.63M | $32K | $54K | $59K | $23K |
| Operating Income (EBIT) | -$9.09M | -$3.7M | -$21.2M | -$16.54M | -$12.36M | -$927K | -$5.78M | -$4.51M | -$1.65M | -$4.56M | -$3.2M | -$2.34M | -$2.43M | -$4.15M | -$4.55M | -$1.57M | -$31K | -$43K | -$41K | -$13K |
| Operating Margin | -101.5% | -33.2% | -240.9% | -122.0% | -55.8% | -7.3% | -168.5% | -125.7% | -32.2% | -122.4% | -72.0% | -56.9% | -59.2% | -175.1% | -138.5% | -28.6% | -4759.2% | -388.2% | -229.3% | -122.6% |
| Interest Expense | $794K | $578K | $645K | $477K | $383K | $374K | $686K | $503K | $359K | $430K | $304K | $154K | $265K | $334K | $612K | $208K | $0 | $0 | $0 | $0 |
| Interest Income | $791K | $47K | $1.59M | $84K | $95K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $659 | $11K | $18K | $10K |
| Other Income (Expense) | -$1.5M | $377K | $720K | -$6.34M | -$15.56M | $31.44M | -$757K | -$1.09M | -$2.75M | -$398K | -$304K | $2K | -$413K | $7K | -$458K | $1.57M | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$10.59M | -$3.32M | -$20.48M | -$22.88M | -$27.92M | $30.51M | -$6.54M | -$5.59M | -$4.4M | -$4.96M | -$3.51M | -$2.34M | -$2.84M | -$4.14M | -$5.01M | $0 | $368K | $0 | $0 | $0 |
| Income Tax Expense | -$73K | -$15K | -$158K | $54K | -$527K | $737K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$10.52M | -$3.31M | -$20.32M | -$22.93M | -$27.4M | $29.77M | -$6.54M | -$5.59M | -$4.4M | -$4.96M | -$3.51M | -$2.34M | -$2.84M | -$4.14M | -$5.01M | -$1.55M | -$31K | -$43K | -$41K | -$13K |
| Net Income Margin | -117.4% | -29.6% | -230.9% | -169.2% | -123.7% | 235.0% | -190.5% | -156.0% | -85.8% | -133.1% | -78.8% | -56.9% | -69.3% | -174.8% | -152.5% | -28.3% | -4759.2% | -388.2% | -229.3% | -122.6% |
| Supplementary Data | ||||||||||||||||||||
| EPS | -0.08 | -0.03 | -0.16 | -0.19 | -0.23 | 0.28 | -0.07 | -0.06 | -0.06 | -0.07 | -0.06 | -0.04 | -0.06 | -0.09 | -0.13 | -0.05 | -0.03 | -0.03 | -0.03 | -0.01 |
| Diluted EPS | -0.08 | -0.03 | -0.16 | -0.19 | -0.23 | 0.27 | -0.07 | -0.06 | -0.06 | -0.07 | -0.06 | -0.04 | -0.06 | -0.09 | -0.13 | -0.05 | -0.03 | -0.03 | -0.03 | -0.01 |
| Weighted Average OS | 197.72M | 181.01M | 178.88M | 170.95M | 166.65M | 148.32M | 137.38M | 122.99M | 106.01M | 97.21M | 85.34M | 75.77M | 63.66M | 62.47M | 55.92M | 47.37M | 1.60M | 2.03M | 2.03M | 1.78M |
| EBITDA | -$8.32M | -$1.74M | -$18.26M | -$20.89M | -$26.55M | $31.2M | -$5.46M | -$4.9M | -$1.61M | -$3.44M | -$2.09M | -$1.06M | -$1.43M | -$2.63M | -$3.37M | -$1.2M | $109K | -$43K | -$41K | -$13K |
| EBITDA Margin | -92.9% | -15.6% | -207.5% | -154.1% | -119.9% | 246.2% | -159.1% | -136.5% | -31.5% | -92.4% | -47.0% | -25.7% | -35.0% | -110.9% | -102.6% | -21.9% | 16479.9% | -388.2% | -229.3% | -122.6% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | ||||||||||||||||||||
| Current Assets | ||||||||||||||||||||
| Cash and Cash Equivalents | $776K | $2.12M | $1.28M | $2.46M | $8.7M | $12.91M | $25K | $460K | $444K | $275K | $547K | $258K | $843K | $1.57M | $343K | $169K | $379K | $9K | $418 | $1K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $400K | $456K | $488K |
| Cash and Short-Term Investments | $776K | $2.12M | $1.28M | $2.46M | $8.7M | $12.91M | $25K | $460K | $450K | $275K | $547K | $258K | $843K | $1.57M | $343K | $169K | $379K | $409K | $457K | $490K |
| Accounts Receivable | $4.23M | $8.96M | $8.26M | $14.91M | $16.84M | $4.04M | $764K | $1.12M | $977K | $948K | $900K | $1.88M | $550K | $378K | $2.26M | $3.2M | $1K | $5K | $8K | $6K |
| Inventory | $1.69M | $1.81M | $1.36M | $1.34M | $633K | $0 | $0 | $0 | $89K | $0 | $709K | $105K | $129K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $494K | $0 | $0 | $0 | $0 | $56K | $0 | -$114K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $7.65M | $13.79M | $11.98M | $19.57M | $27.63M | $18.06M | $951K | $2.04M | $1.69M | $1.4M | $2.38M | $2.45M | $1.6M | $1.99M | $2.64M | $3.41M | $380K | $413K | $464K | $495K |
| Long-Term Assets | ||||||||||||||||||||
| Property, Plant & Equipment Net | $3.44M | $5.42M | $5.03M | $5.85M | $6.76M | $4.44M | $4.08M | $2.28M | $1.6M | $601K | $366K | $459K | $522K | $1.32M | $1.08M | $954K | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $1.9M | $1.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $773K | $1.13M | $1.03M | $1.5M | $1.98M | $646K | $525K | $399K | $288K | $0 | $996K | $1.99M | $2.99M | $3.98M | $4.98M | $330K | $0 | $0 | $0 | $0 |
| Long-Term Investments | $33K | $399K | $1.82M | $3.9M | $10.62M | $28.51M | $1.15M | $986K | $400K | $270K | $36K | $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 |
| Other Long-Term Assets | $420K | $71K | $410K | $1.26M | $853K | $1.47M | $127K | $531K | $129K | $41K | $1.3M | $41K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $4.67M | $7.02M | $8.29M | $14.41M | $22.11M | $35.07M | $5.88M | $4.2M | $2.42M | $912K | $2.69M | $2.49M | $3.51M | $5.3M | $6.06M | $1.28M | $0 | $0 | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $12.32M | $20.8M | $20.27M | $33.98M | $49.74M | $53.13M | $6.83M | $6.24M | $4.11M | $2.32M | $5.08M | $4.94M | $5.11M | $7.3M | $8.7M | $4.69M | $380K | $413K | $464K | $495K |
| Liabilities | ||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||
| Accounts Payable | $4.52M | $5.31M | $3.94M | $4.51M | $3.99M | $1.62M | $2.17M | $911K | $691K | $643K | $1.02M | $432K | $449K | $782K | $1.26M | $4K | $5K | $7K | $16K | $5K |
| Short-Term Debt | $1.96M | $3.5M | $871K | $757K | $59K | $9K | $2.62M | $185K | $3.26M | $443K | $337K | $2K | $2K | $2K | $1.26M | $3.09M | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $134K | $16K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $7.04M | $6.42M | $7.84M | $6.89M | $6.7M | $4.7M | $2.2M | $3.1M | $1.32M | $1.41M | $462K | $517K | $1.76M | $1.62M | $517K | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $550K | $5.12M | $1.23M | $1.49M | $1.6M | $0 | $0 | $0 | $0 | $0 | $0 | -$4K | -$2K | -$2K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $18.65M | $20.35M | $16.97M | $18.39M | $17.64M | $8.23M | $8.42M | $4.97M | $8.48M | $2.89M | $2.26M | $1.42M | $2.58M | $3.02M | $3.62M | $4.16M | $5K | $7K | $16K | $5K |
| Long-Term Liabilities | ||||||||||||||||||||
| Long-Term Debt | $112K | $916K | $2.05M | $228K | $77K | $72K | $0 | $1.99M | $7K | $2.57M | $2.37M | $1.47M | $5.81M | $6.02M | $5.53M | $382K | $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 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $30K | $503K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $1.3M | $1.22M | $0 | $0 | $0 | $0 | $0 | $0 | -$2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $1.11M | $3.2M | $5.31M | $3.56M | $3.03M | $2.54M | $2.74M | $1.99M | $7K | $2.57M | $2.37M | $1.47M | $5.82M | $6.03M | $5.53M | $382K | $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 |
| Total Liabilities | $19.76M | $23.55M | $22.29M | $21.95M | $20.67M | $10.77M | $11.16M | $6.96M | $8.49M | $5.46M | $4.64M | $2.89M | $8.4M | $9.05M | $9.15M | $4.54M | $5K | $7K | $16K | $5K |
| Stockholders' Equity | ||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $71.05M | $67.53M | $64.63M | $60.94M | $58.53M | $48.44M | $33.56M | $30.55M | $21.63M | $18.14M | $17.14M | $16.19M | $9.37M | $8.77M | $7.55M | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$102.17M | -$91.58M | -$86.89M | -$66.57M | -$43.64M | -$13.55M | -$42.94M | -$36.4M | -$30.8M | -$26.39M | -$21.44M | -$17.93M | -$15.6M | -$12.75M | -$8.61M | -$3.5M | -$201K | -$170K | -$133K | -$92K |
| Comprehensive Income & Other | -$147K | $214K | -$8K | $287 | $2K | $0 | $0 | $0 | $0 | $642K | $523K | $1.9M | $1.27M | $1.07M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $23.68M | $21.3M | $20.24M | $17.66M | $14.17M | $7.47M | $5.05M | $5.13M | $4.79M | $5.12M | $4.74M | $3.79M | $2.94M | $2.23M | $608K | $3.65M | $576K | $576K | $582K | $582K |
| Total Equity | -$7.43M | -$2.75M | -$2.02M | $12.02M | $29.06M | $42.36M | -$4.34M | -$717K | -$4.38M | -$3.14M | $439K | $2.05M | -$3.29M | -$1.75M | -$450K | $153K | $375K | $406K | $449K | $490K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $12.32M | $20.8M | $20.27M | $33.98M | $49.74M | $53.13M | $6.83M | $6.24M | $4.11M | $2.32M | $5.08M | $4.94M | $5.11M | $7.3M | $8.7M | $4.69M | $380K | $413K | $464K | $495K |
| Supplementary Data | ||||||||||||||||||||
| Total Debt | $4.74M | $6.7M | $6.56M | $4.93M | $3.93M | $2.21M | $5.46M | $2.18M | $3.27M | $3.01M | $2.71M | $1.47M | $5.82M | $6.03M | $6.79M | $3.48M | $0 | $0 | $0 | $0 |
| Net Debt | $3.96M | $4.58M | $5.27M | $2.47M | -$4.77M | -$10.7M | $5.44M | $1.72M | $2.82M | $2.74M | $2.16M | $1.21M | $4.98M | $4.47M | $6.45M | $3.31M | -$379K | -$9K | -$418 | -$1K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | ||||||||||||||||||||
| Net Income | -$10.52M | -$4.75M | -$20.32M | -$22.93M | -$15.97M | $16.37M | -$6.54M | -$5.59M | -$3.5M | -$4.96M | -$3.51M | -$2.34M | -$2.84M | -$4.16M | -$5.01M | -$1.55M | $368K | $0 | -$41K | -$13K |
| Depreciation & Amortization | $1.48M | $1M | $1.57M | $1.51M | $993K | $355K | $391K | $195K | $81K | $1.09M | $1.11M | $1.12M | $1.14M | $1.18M | $1.02M | $162K | $140K | $0 | $0 | $0 |
| Deferred Income Tax | -$73K | $0 | -$158K | -$30K | -$416K | $395K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $489K | $1.51M | $2.22M | $3.95M | $6.96M | $3.03M | $122K | $480K | $541K | $261K | $234K | $216K | $433K | $679K | $507K | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||
| Accounts Receivable | $1.24M | -$699K | $6.99M | $1.62M | -$10.89M | -$4.31M | $435K | -$158K | -$223K | $18K | -$310K | -$1.33M | $2K | $1.88M | $945K | -$107K | $3K | $0 | $0 | $0 |
| Inventory | $119K | -$454K | -$21K | -$705K | -$598K | $0 | $0 | $0 | -$88K | $0 | -$603K | $23K | -$129K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $2.38M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$1.28M | -$1.27M | $38K | $2.22M | $2.51M | $1.37M | $794K | $1.9M | $413K | $534K | $574K | -$1.33M | -$170K | $641K | $1.19M | -$1.4M | -$33K | $0 | $8K | -$345 |
| Total Working Capital Change | $75K | -$45K | $7.01M | $3.13M | -$8.97M | -$2.94M | $1.23M | $1.74M | $102K | $552K | -$339K | -$2.64M | -$297K | $2.52M | $2.13M | -$1.5M | -$1.59M | $0 | $8K | -$345 |
| Other Non-Cash Items | $1.36M | $419K | $1.09M | $6.44M | $4.5M | -$17.79M | $2.44M | $1.07M | $1.64M | $2.08M | $45K | $97K | $439K | $30K | $501K | $0 | $0 | -$48K | $0 | $0 |
| Net Cash from Operating | -$7.2M | -$1.87M | -$8.59M | -$7.93M | -$12.91M | -$581K | -$2.35M | -$2.11M | -$1.13M | -$979K | -$2.45M | -$3.54M | -$1.13M | $252K | -$845K | -$2.9M | -$1.09M | -$48K | -$33K | -$13K |
| Investing Activities | ||||||||||||||||||||
| Capital Expenditures | -$10K | -$445K | -$55K | -$282K | -$1.07M | -$500K | -$587K | -$812K | -$1.04M | -$323K | -$23K | -$66K | -$232K | -$421K | -$360K | -$29K | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $576K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $333K | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$399K | -$2.57M | -$7.55M | -$2.96M | $0 | -$1.39M | $0 | -$10K | $0 | $0 | $0 | $0 | $0 | $0 | -$392K | -$400K | -$470K | -$488K |
| Sales of Investments | $2.01M | $1.63M | $2.81M | $2.8M | $10.16M | $7.06M | $186K | $0 | $0 | $46K | $0 | $0 | $0 | $0 | $0 | $0 | $792K | $456K | $503K | $0 |
| Other Investing Activities | -$177K | $0 | -$176K | -$207K | -$176K | -$81K | -$128K | -$410K | -$305K | $0 | $0 | $0 | $0 | $0 | -$333K | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $1.83M | $1.18M | $2.18M | -$262K | $1.94M | $3.52M | -$528K | -$2.61M | -$1.34M | -$286K | -$23K | -$66K | -$232K | -$421K | -$360K | -$29K | $400K | $56K | $32K | -$488K |
| Financing Activities | ||||||||||||||||||||
| Debt Repaid | -$443K | $875K | -$2.54M | $439K | $202K | $1.05M | $270K | $2.36M | $147K | $526K | -$1.72M | $166K | $237K | $885K | $1.56M | $9K | $224K | - | - | - |
| Common Stock Issuance | $3.91M | $2.88M | $3.54M | $940K | $10.12M | $8.61M | $2.98M | $4.74M | $43K | $788K | $1.26M | $3.56M | $913K | $2.52M | $3.12M | $0 | $0 | $0 | $0 | $556K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | -$2.98M | -$687K | $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 |
| Other Financing Activities | -$321K | -$472K | -$245K | $674K | $9.94M | $3.1M | -$690K | $110K | $2.55M | -$8K | -$213K | -$379K | -$40K | -$356K | -$676K | $2.59M | $0 | $0 | $0 | -$53K |
| Net Cash from Financing | $4.03M | $1.46M | $5.26M | $1.88M | $6.75M | $9.97M | $2.44M | $4.73M | $2.65M | $992K | $2.77M | $3.02M | $636K | $1.39M | $1.05M | $2.58M | $625K | $0 | $0 | $503K |
| Forex Effect | -$5K | -$47K | -$19K | $71K | $10K | -$22K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $329K | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$1.34M | $725K | -$1.17M | -$6.24M | -$4.21M | $12.88M | -$435K | $16K | $169K | -$272K | $289K | -$585K | -$722K | $1.22M | $169K | -$346K | $370K | $8K | -$891 | $1K |
| Supplementary Data | ||||||||||||||||||||
| Operating Cash Flow | -$7.2M | -$1.87M | -$8.59M | -$7.93M | -$12.91M | -$581K | -$2.35M | -$2.11M | -$1.13M | -$979K | -$2.45M | -$3.54M | -$1.13M | $252K | -$845K | -$2.9M | -$30K | -$48K | -$33K | -$13K |
| Capital Expenditure | -$187K | -$250K | -$232K | -$489K | -$1.25M | -$581K | -$705K | -$1.04M | -$1.25M | -$323K | -$23K | -$66K | -$232K | -$421K | -$360K | -$29K | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$7.38M | -$2.12M | -$8.82M | -$8.42M | -$14.16M | -$1.16M | -$3.06M | -$3.14M | -$2.39M | -$1.3M | -$2.48M | -$3.6M | -$1.36M | -$169K | -$1.2M | -$2.93M | -$30K | -$48K | -$33K | -$13K |
| Cash at Beginning | $2.12M | $1.39M | $2.46M | $8.7M | $12.91M | $25K | $460K | $444K | $275K | $547K | $258K | $843K | $1.57M | $343K | $169K | $515K | $9K | $418 | $1K | $0 |
| Cash at End | $776K | $2.12M | $1.28M | $2.46M | $8.7M | $12.91M | $25K | $460K | $444K | $275K | $547K | $258K | $843K | $1.57M | $343K | $169K | $379K | $9K | $418 | $1K |