QUEST PATENT RESEARCH CORP (QPRC)
Quest Patent Research Corporation (QPRC), operating through its various subsidiaries, functions as an intellectual property asset management firm within the United States. The company's core activities involve the acquisition, licensing, and enforcement of intellectual property rights. QPRC currently oversees and manages 15 distinct intellectual property portfolios, primarily composed of patent rights. Initially incorporated in 1987 under the name Quest Products Corporation, the company adopted its current designation, Quest Patent Research Corporation, in June 2007. Its operations are headquartered in Rye, New York.
Sector: Wholesale-Miscellaneous Nondurable Goods
Industry: Specialty Business Services
Quest Patent Research Corporation
OTC:QPRCIndustrials · Consulting Services
Mkt Cap$1.31M
Float2.16M
O/S5.33M
Inst Own-
SI0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$8.49M
Total Assets$10.44M
Free Cash Flow-$5.92M
Debt & Equity
Total Debt$3.08M
Total Equity-$17.19M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:100Reverse splitAug 17, 2022100 shares → 1
Balance Sheet Details
Assets$10.44M
Liabilities$27.63M
Accounts Receivable$8K
Accounts Payable$122K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$10.23M
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 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 |
| Revenue | $0 | $2.79M | $13.15M | $451K | $2.05M | $5.49M | $4.14M | $7.07M | $1.23M | $1.26M | $498K | $941K | $75K | $261K | $324K | $143K | $137K | $598K | $9K | $19K | $6K | $1K | $45K | $301K |
| YoY Growth | - | -78.8% | 2815.2% | -78.0% | -62.6% | 32.5% | -41.4% | 473.8% | -2.5% | 153.6% | -47.0% | 1161.7% | -71.4% | -19.5% | 126.4% | 4.9% | -77.1% | 6666.4% | -54.2% | 199.5% | 424.4% | -97.3% | -85.1% | - |
| Cost of Revenue | $1.81M | $1.84M | $6.91M | $304K | $1.31M | $4.69M | $3.39M | $6.08M | $838K | $1.17M | $210K | $369K | $22K | $78K | $131K | $20K | $44K | $47K | $1K | $8K | $8K | $12K | $29K | $145K |
| Gross Profit | -$1.81M | $951K | $6.25M | $148K | $735K | $795K | $753K | $987K | $394K | $90K | $288K | $572K | $52K | $183K | $194K | $124K | $93K | $551K | $8K | $11K | -$1K | -$11K | $16K | $155K |
| Gross Margin | - | 34.0% | 47.5% | 32.7% | 35.9% | 14.5% | 18.2% | 14.0% | 32.0% | 7.1% | 57.8% | 60.8% | 70.4% | 70.3% | 59.7% | 86.2% | 67.8% | 92.1% | 85.4% | 57.9% | -20.2% | -882.2% | 34.7% | 51.6% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $14K | $25K | $153K | $199K | $136K | $0 | $0 | $0 |
| Selling, General, and Administrative | $3.62M | $2.16M | $1.95M | $1.07M | $3.85M | $1.51M | $1.22M | $958K | $608K | $767K | $562K | $713K | $902K | $800K | $849K | $788K | $962K | $1.29M | $580K | $642K | $724K | $635K | $558K | $772K |
| Other | $0 | $636K | $7.69M | -$3.66M | $1.73M | $1K | $0 | $6.08M | $836K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $595K | $583K | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $3.62M | $2.8M | $2.74M | -$1.69M | $963K | $1.51M | $1.22M | $520K | $939K | $767K | $562K | $713K | $902K | $800K | $849K | $789K | $976K | $1.31M | $717K | $824K | $875K | $648K | $558K | $772K |
| Operating Income (EBIT) | -$7.69M | -$1.85M | $3.51M | -$1.83M | -$3.11M | -$719K | -$469K | $29K | -$546K | -$677K | -$274K | -$141K | -$849K | -$617K | -$655K | -$665K | -$884K | -$760K | -$740K | -$829K | -$877K | -$658K | -$543K | -$617K |
| Operating Margin | - | -66.0% | 26.7% | -406.0% | -151.9% | -13.1% | -11.3% | 0.4% | -44.3% | -53.6% | -55.0% | -15.0% | -1138.8% | -236.4% | -202.0% | -464.2% | -646.8% | -127.1% | -8376.7% | -4301.6% | -13630.7% | -53626.7% | -1212.1% | -205.3% |
| Interest Expense | -$700K | $690K | $1.06M | $413K | $292K | $804K | $808K | $651K | $566K | $337K | $52K | $20K | $22K | $22K | $22K | $22K | $22K | $22K | $16K | $9K | $1K | $0 | $18K | $33K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $84 | $779 | $0 | $0 | $0 | $0 | $15 | $4K |
| Other Income (Expense) | -$802K | -$525K | -$1.2M | $1.08M | -$1.04M | -$529K | -$836K | -$1.1M | -$516K | -$277K | -$52K | -$20K | -$22K | -$22K | -$22K | $144K | -$19K | -$2K | -$106K | -$68K | $140K | $4K | -$18K | $32K |
| Income Before Tax (EBT) | -$8.49M | -$2.37M | $2.31M | -$755K | -$4.15M | -$1.25M | -$1.3M | -$1.07M | -$1.06M | -$954K | -$326K | -$161K | -$871K | -$638K | -$677K | -$521K | -$903K | -$762K | -$846K | -$898K | -$737K | -$654K | -$560K | -$586K |
| Income Tax Expense | $0 | $100K | $30K | -$1K | $2K | $65K | $5K | $1.04M | $106K | $2K | $2K | $1K | $62 | $3K | $3K | $3K | $0 | $0 | $0 | $0 | $0 | $202K | $0 | $0 |
| Net Income | -$8.49M | -$2.47M | $2.28M | -$754K | -$4.16M | -$1.31M | -$1.31M | -$2.11M | -$1.17M | -$956K | -$328K | -$162K | -$871K | -$641K | -$680K | -$524K | -$902K | -$758K | -$846K | -$898K | -$696K | -$836K | -$288K | -$586K |
| Net Income Margin | - | -88.4% | 17.3% | -167.1% | -202.7% | -23.9% | -31.6% | -29.8% | -94.8% | -75.6% | -65.8% | -17.2% | -1168.3% | -245.6% | -209.7% | -365.8% | -660.4% | -126.7% | -9576.6% | -4659.6% | -10817.5% | -68133.7% | -643.3% | -195.0% |
| Supplementary Data | ||||||||||||||||||||||||
| EPS | -1.59 | -0.46 | 0.43 | -0.14 | -0.81 | -0.34 | -0.34 | -0.55 | -0.36 | -0.31 | -0.12 | -0.07 | -0.30 | -0.30 | -0.30 | -0.22 | -0.40 | -0.30 | -0.36 | -0.39 | -0.34 | -0.49 | -0.19 | -1.00 |
| Diluted EPS | -1.59 | -0.46 | 0.43 | -0.14 | -0.81 | -0.34 | -0.34 | -0.55 | -0.36 | -0.31 | -0.12 | -0.07 | -0.30 | -0.30 | -0.30 | -0.22 | -0.40 | -0.30 | -0.36 | -0.39 | -0.34 | -0.49 | -0.19 | -1.00 |
| Weighted Average OS | 5.33M | 5.33M | 5.33M | 5.33M | 5.12M | 3.83M | 3.83M | 3.83M | 3.23M | 3.13M | 2.71M | 2.33M | 2.33M | 2.33M | 2.33M | 2.33M | 2.33M | 2.33M | 2.32M | 2.28M | 2.02M | 1.69M | 1.52M | 1.16M |
| EBITDA | -$5.88M | -$1.04M | $4.16M | $569K | -$2.7M | $206K | $32K | $17K | -$164K | -$355K | -$217K | -$1K | $349 | -$278 | -$655K | -$499K | -$881K | -$741K | -$815K | -$754K | -$861K | -$646K | -$532K | -$547K |
| EBITDA Margin | - | -37.4% | 31.6% | 126.2% | -131.8% | 3.7% | 0.8% | 0.2% | -13.3% | -28.1% | -43.4% | -0.1% | 0.5% | -0.1% | -202.0% | -348.3% | -645.1% | -123.9% | -9223.8% | -3910.8% | -13382.0% | -52648.7% | -1188.6% | -182.0% |
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 2002 | FY 2001 | FY 2000 | FY 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 |
| Assets | ||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||
| Cash and Cash Equivalents | $193K | $482K | $563K | $91K | $265K | $248K | $537K | $167K | $166K | $208K | $332K | $92K | $159 | $19K | $42K | $12K | $436 | $162K | $1K | $36K | $39K | $113K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $193K | $482K | $563K | $91K | $265K | $248K | $537K | $167K | $166K | $208K | $332K | $92K | $11K | $19K | $42K | $12K | $436 | $162K | $1K | $36K | $39K | $113K |
| Accounts Receivable | $8K | $8K | $3.02M | $0 | $0 | $1.03M | $1.85M | $0 | $3K | $55K | $42K | $23K | $10K | $6K | $1K | $7K | $5K | $27K | $0 | $0 | $0 | $7K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$15.81M | $0 | $0 | $0 | $0 | $0 | $2K | $26K | $29K | $0 |
| Other Current Assets | $6K | $12K | $28K | $5K | $12K | $6K | $17K | $2K | $3K | $2K | $6K | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $207K | $502K | $3.61M | $96K | $277K | $1.29M | $2.4M | $169K | $171K | $266K | $379K | $116K | $20K | $24K | $44K | $18K | $6K | $188K | $3K | $65K | $83K | $127K |
| Long-Term Assets | ||||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8K | $16K | $26K | $13K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $10.23M | $3.04M | $3.67M | $1.13M | $539K | $2.2M | $2.75M | $2.05M | $2.46M | $2.06M | $2.32M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11K | $51K | $57K | $34K |
| 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 |
| 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 |
| Other Long-Term Assets | $0 | $0 | $0 | -$1.13M | -$539K | -$2.2M | -$2.75M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $12K | $37K | $128K |
| Total Long-Term Assets | $10.23M | $3.04M | $3.67M | $1.13M | $539K | $2.2M | $2.75M | $2.05M | $2.46M | $2.06M | $2.32M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $21K | $79K | $121K | $175K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $10.44M | $3.54M | $7.28M | $1.23M | $817K | $3.49M | $5.16M | $2.21M | $2.63M | $2.32M | $2.7M | $116K | $20K | $24K | $44K | $18K | $6K | $188K | $25K | $144K | $204K | $302K |
| Liabilities | ||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||
| Accounts Payable | $122K | $156K | $297K | $149K | $129K | $2.89M | $3.36M | $339K | $147K | $124K | $70K | $91K | $75K | $0 | $0 | $0 | $161K | $161K | $270K | $233K | $224K | $517K |
| Short-Term Debt | $2.93M | $2.93M | $2.93M | $2.93M | $2.94M | $6.32M | $4.63M | $4.46M | $3.67M | $2.23M | $163K | $163K | $217K | $217K | $217K | $217K | $217K | $217K | $224K | $20K | $19K | $0 |
| Current Income Tax Payable | $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 | $492K | $0 | $388K | $399K | $351K | $249K | $233K | $0 | $0 | $0 | $0 | $0 | -$217K | -$217K | $77K | $27K | $0 | $0 |
| Other Current Liabilities | $22.48M | $7.75M | $7.61M | $5.6M | $4.84M | -$407K | $1.16M | $640K | $190K | $997K | $1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.18M | $948K | $550K | $87K |
| Total Current Liabilities | $27.43M | $12.04M | $13.31M | $9.59M | $8.4M | $9.5M | $9.55M | $5.83M | $4.36M | $3.66M | $1.47M | $470K | $4K | $4K | $2.91M | $2K | $2K | $1.06M | $1.75M | $1.23M | $792K | $1.23M |
| Long-Term Liabilities | ||||||||||||||||||||||
| Long-Term Debt | $150K | $150K | $150K | $150K | $150K | $174K | $0 | $0 | $700K | $0 | $562K | $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 |
| 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 |
| Other Long-Term Liabilities | $54K | $54K | $54K | $54K | $190K | $658K | $1.46M | $920K | $0 | $0 | $851K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $204K | $204K | $204K | $204K | $340K | $833K | $1.46M | $920K | $700K | $0 | $1.41M | $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 | $5K | $0 | $0 | $0 |
| Total Liabilities | $27.63M | $12.24M | $13.52M | $9.79M | $8.74M | $10.33M | $11.01M | $6.75M | $5.06M | $3.66M | $2.88M | $470K | $4.37M | $3.53M | $2.91M | $2.26M | $1.74M | $1.06M | $1.75M | $1.23M | $792K | $1.23M |
| 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 |
| Common Stock | $160 | $160 | $160 | $160 | $16K | $11K | $11K | $11K | $11K | $9K | $9K | $7K | $7K | $7K | $7K | $7K | $7K | $7K | $7K | $7K | $7K | $5K |
| Retained Earnings | -$34.87M | -$26.38M | -$22.54M | -$26.19M | -$25.44M | -$21.28M | -$19.97M | -$18.66M | -$16.55M | -$15.38M | -$14.43M | -$14.1M | -$13.93M | -$13.06M | -$12.42M | -$11.74M | -$11.22M | -$10.32M | -$7.74M | -$6.89M | -$5.99M | -$5.3M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$64K | $0 | $0 | $0 |
| Other Stockholders' Equity | $17.68M | $17.68M | $17.67M | $17.63M | $17.49M | $14.43M | $14.11M | $14.11M | $14.11M | $14.03M | $14.23M | $13.73M | $9.57M | $9.55M | $9.55M | $9.5M | $9.49M | $9.45M | $6M | $5.8M | $5.4M | $4.16M |
| Total Equity | -$17.19M | -$8.7M | -$4.86M | -$8.56M | -$7.93M | -$6.84M | -$5.85M | -$4.54M | -$2.43M | -$1.34M | -$183K | -$356K | -$4.35M | -$3.51M | -$2.87M | -$2.24M | -$1.72M | -$865K | -$1.73M | -$1.08M | -$589K | -$1.13M |
| Minority Interest | $228 | $228 | $228 | $228 | $228 | $228 | $239 | $2K | $3K | $2K | $3K | $2K | $3K | $3K | -$13 | -$3K | -$6K | -$5K | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $10.44M | $3.54M | $8.65M | $1.23M | $816K | $3.49M | $5.16M | $2.21M | $2.63M | $2.32M | $2.7M | $114K | $17K | $22K | $44K | $21K | $11K | $193K | $25K | $144K | $204K | $98K |
| Supplementary Data | ||||||||||||||||||||||
| Total Debt | $3.08M | $3.08M | $3.08M | $3.08M | $3.09M | $6.49M | $5.2M | $4.56M | $3.77M | $2.23M | $163K | $163K | $217K | $217K | $217K | $217K | $217K | $217K | $224K | $20K | $19K | $0 |
| Net Debt | $2.89M | $2.6M | $2.52M | $2.99M | $2.83M | $6.25M | $4.66M | $4.39M | $3.61M | $2.02M | -$169K | $71K | $217K | $199K | $175K | $206K | $217K | $56K | $223K | -$16K | -$20K | -$113K |
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 2002 | FY 2001 | FY 2000 | FY 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 |
| Operating Activities | ||||||||||||||||||||||
| Net Income | -$8.49M | -$2.47M | $2.28M | -$754K | -$4.15M | -$1.31M | -$1.31M | -$2.11M | -$1.17M | -$956K | -$327K | -$162K | -$871K | -$641K | -$680K | -$524K | -$902K | -$758K | -$846K | -$898K | -$737K | -$883K |
| Depreciation & Amortization | $1.81M | $636K | $787K | $910K | $1.16M | $648K | $529K | $438K | $331K | $262K | $58K | $141K | $849K | $617K | $0 | $0 | $0 | $0 | $15K | $16K | -$15K | -$12K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $1.44M | $0 | $0 | $0 | -$50K | $0 | -$17K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $6K | $49K | $117K | $1.92M | $0 | $0 | $0 | $77K | $0 | $63K | $0 | $21K | $300K | $51K | $13K | $43K | $375K | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | $0 | $3.01M | -$3.01M | $0 | $1.03M | $751K | -$1.85M | $3K | $52K | -$13K | -$19K | -$18K | $2K | -$4K | $5K | -$1K | $21K | -$27K | $8K | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.11M | $4.19M | $3.4M | $1.11M | $595K | -$91.97M | $0 | $0 | $0 | $0 | $0 | $576 | $3K | $8K | $199 |
| Accounts Payable | -$34K | -$1.52M | $148K | $19K | -$1.04M | -$471K | $3.02M | $191K | $40K | $70K | -$5K | $36K | $97.16M | $0 | $0 | $0 | $0 | $0 | $37K | $10K | $70K | -$10K |
| Other Working Capital | $697K | $115K | $1.54M | $283K | $197K | -$89K | -$24K | -$5.66M | -$4.19M | -$3.39M | -$1.09M | -$354K | -$4.35M | $619K | $652K | $687K | $694K | $578K | $388K | $328K | $288K | $288K |
| Total Working Capital Change | $663K | $1.6M | -$1.32M | $302K | $193K | $191K | $1.15M | $638K | $92K | $60K | -$4K | $259K | $837K | $615K | $657K | $686K | $715K | $552K | $434K | $341K | $365K | $279K |
| Other Non-Cash Items | $102K | -$165K | $136K | -$1.49M | -$602K | $226K | $377K | $657K | $549K | $261K | $28K | -$147K | -$844K | -$914K | $3K | -$163K | -$950 | -$23K | $282K | $200K | -$61K | $272K |
| Net Cash from Operating | -$5.92M | -$390K | $1.93M | -$914K | -$50K | -$246K | $747K | -$379K | -$168K | -$373K | -$199K | $92K | -$8K | -$24K | $30K | $11K | -$145K | $146K | -$116K | -$340K | -$448K | -$344K |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$9M | $0 | -$3.33M | -$1.5M | -$1.15M | -$95K | -$75K | -$20K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$24K | $0 |
| Acquisitions | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | -$1.5M | -$1.15M | -$95K | -$75K | -$20K | $0 | $250K | $439K | $0 | -$11K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $150K | $15K |
| Net Cash from Investing | -$9M | $0 | -$3.33M | -$1.5M | -$1.15M | -$95K | -$75K | -$20K | $0 | $250K | $439K | $0 | -$11K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $126K | $15K |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | - | - | - | $9K | - | -$172K | $16K | - | -$125K | -$250K | -$189K | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $250K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Dividends Paid | $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 | $2.24M | $1.22M | -$120K | -$285K | $150K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $81K | $337K | $247K | $430K |
| Net Cash from Financing | $14.63M | $309K | $1.87M | $2.24M | $1.22M | $52K | -$301K | $400K | $125K | $250K | $439K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $81K | $337K | $247K | $430K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$250K | -$439K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$289K | -$81K | $473K | -$174K | $17K | -$289K | $370K | $1K | -$43K | -$123K | $240K | $92K | -$18K | -$24K | $30K | $11K | -$145K | $146K | -$34K | -$3K | -$74K | $101K |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | -$5.92M | -$390K | $1.93M | -$914K | -$50K | -$246K | $747K | -$379K | -$168K | -$373K | -$199K | $92K | -$8K | -$24K | $30K | $11K | -$145K | $146K | -$116K | -$340K | -$448K | -$344K |
| Capital Expenditure | $0 | $0 | -$3.33M | -$1.5M | -$1.15M | -$95K | -$75K | -$20K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$24K | $0 |
| Free Cash Flow | -$5.92M | -$390K | -$1.4M | -$2.42M | -$1.2M | -$341K | $672K | -$399K | -$168K | -$373K | -$199K | $92K | -$8K | -$24K | $30K | $11K | -$145K | $146K | -$116K | -$340K | -$471K | -$344K |
| Cash at Beginning | $482K | $563K | $91K | $265K | $248K | $537K | $167K | $166K | $208K | $332K | $92K | $159 | $19K | $42K | $12K | $436 | $146K | $0 | $36K | $39K | $39K | $13K |
| Cash at End | $193K | $482K | $563K | $91K | $265K | $248K | $537K | $167K | $166K | $208K | $332K | $92K | $159 | $19K | $42K | $12K | $436 | $146K | $1K | $36K | -$36K | $113K |