Rio Silver Inc. (RYOOF)
Rio Silver Inc. is a mining company primarily involved in the exploration, acquisition, and advancement of mineral properties throughout the Americas, with a particular focus on Canada and Peru. The firm seeks out deposits containing both valuable precious metals and industrial base metals. A significant asset is its wholly-owned Niñobamba project in Peru's Ayacucho Department, an area spanning 4,490 hectares with promising silver and gold potential. Additionally, Rio Silver maintains full ownership of the Gerow Lake property, a base metal exploration site situated in northwestern Ontario, Canada, along with the Palpa Dorado property, located in the Moro district of Santa province, Ancash, Peru. Established in 2000, the company was initially known as Escape Gold Inc. before adopting its current name, Rio Silver Inc., in October 2011. It operates from its headquarters in Vancouver, Canada.
Industry: Industrial Materials
Rio Silver Inc.
OTC:RYOOFBasic Materials · Industrial Materials
+6.54%$0.1905
Mkt Cap$10.99M
Float49.3M
O/S57.69M
Inst Own-
SI0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$2.94M
Total Assets$1.48M
Free Cash Flow-$751K
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$840K
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
2-year cumulative
1:5
Nasdaq bars a compliance period at 1:250
- 1:5Reverse splitJul 3, 20255 shares → 1
- 1:5Reverse splitSep 8, 20145 shares → 1
Balance Sheet Details
Assets$1.48M
Liabilities$643K
Accounts Receivable$81K
Accounts Payable$521K
Inventory$0
PP&E (Net)$33K
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 | $434K | $396K | $399K | $388K | $308K |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9.7% | -0.7% | 2.8% | 26.0% | - |
| Cost of 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 |
| Gross Profit | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $434K | $396K | $399K | $388K | $0 |
| Gross Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 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 | $0 |
| Selling, General, and Administrative | $950K | $408K | $309K | $470K | $574K | $262K | $279K | $198K | $198K | $192K | $126K | $208K | $811K | $377K | $185K | $114K | $166K | $214K | $358K | $198K | $42K | $445K | $439K | $523K | $529K | $327K |
| Other | $2.41M | $221K | $102K | $14K | $11K | $13K | $268K | $13K | $9K | -$2K | $0 | -$42K | -$62 | $0 | $0 | $0 | $0 | $0 | -$18K | $0 | -$17K | -$11K | -$43K | -$124K | -$141K | -$19K |
| Total Operating Expenses | $3.36M | $408K | $309K | $483K | $585K | $275K | $547K | $211K | $206K | $190K | $126K | $166K | $811K | $377K | $185K | $114K | $166K | $214K | $340K | $198K | $26K | $434K | $396K | $399K | $388K | $308K |
| Operating Income (EBIT) | -$3.36M | -$408K | -$309K | -$470K | -$603K | -$278K | -$534K | -$197K | -$207K | -$190K | -$125K | -$166K | -$811K | -$358K | -$11K | -$115K | -$143K | $2.63M | -$340K | -$197K | -$26K | -$19K | -$54K | -$295K | -$200K | -$56K |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -4.4% | -13.8% | -74.0% | -51.7% | -18.1% |
| Interest Expense | $18K | $7K | $54K | $4K | $0 | $0 | $0 | $0 | $319 | $1K | $637 | $1K | $15K | $0 | $0 | $0 | $0 | $276 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $5K | $21K | $83K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $462K | $430K | -$86K | $18K | $81 | $0 | -$14K | -$10K | -$15K | -$27K | $768 | -$3K | -$69K | -$37K | -$346K | $405 | -$40K | -$2.86M | $18K | $0 | $17K | $143K | $7K | -$126K | $0 | $0 |
| Income Before Tax (EBT) | -$2.9M | $22K | -$394K | -$452K | -$603K | -$278K | -$548K | -$207K | -$222K | -$217K | -$125K | -$169K | -$880K | -$395K | -$356K | -$114K | -$183K | -$222K | -$322K | $0 | -$9K | $124K | -$48K | $0 | $0 | $0 |
| Income Tax Expense | $40K | $23K | $0 | $35K | -$18K | $3K | $907 | -$197 | $112 | $1K | $526 | $1K | $0 | $0 | $0 | -$5K | $2K | $2.76M | -$92K | $199K | $17K | $3K | $10K | -$115K | $17K | $3K |
| Net Income | -$2.94M | -$1K | -$394K | -$452K | -$603K | -$278K | -$548K | -$207K | -$222K | -$217K | -$125K | -$168K | -$880K | -$395K | -$356K | -$110K | -$185K | -$2.99M | -$231K | -$199K | -$26K | $121K | -$57K | -$306K | -$217K | -$71K |
| Net Income Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 27.9% | -14.5% | -76.7% | -55.9% | -23.2% |
| Supplementary Data | ||||||||||||||||||||||||||
| EPS | -0.21 | -0.00 | -0.01 | -0.01 | -0.01 | -0.01 | -0.02 | -0.01 | -0.01 | -0.01 | -0.01 | -0.02 | -0.10 | -0.06 | -0.08 | -0.03 | -0.05 | -0.79 | -0.07 | -0.16 | -0.03 | 0.14 | -0.07 | -0.36 | -0.38 | -0.25 |
| Diluted EPS | -0.21 | -0.00 | -0.01 | -0.01 | -0.01 | -0.01 | -0.02 | -0.01 | -0.01 | -0.01 | -0.01 | -0.02 | -0.10 | -0.06 | -0.08 | -0.03 | -0.05 | -0.79 | -0.07 | -0.16 | -0.03 | 0.14 | -0.07 | -0.36 | -0.38 | -0.25 |
| Weighted Average OS | 20.15M | 84.83M | 80.11M | 73.77M | 67.84M | 59.22M | 44.04M | 39.48M | 35.57M | 27.46M | 25.28M | 14.63M | 12.08M | 9.21M | 6.57M | 5.42M | 5.35M | 5.33M | 4.50M | 1.74M | 1.20M | 1.20M | 1.20M | 1.20M | 799,167 | 399,333 |
| EBITDA | -$3.36M | $0 | $182 | -$483K | -$585K | -$272K | $46 | $63 | -$269 | -$130 | -$86 | -$190 | -$793K | -$358K | -$11K | -$115K | -$143K | $2.63M | -$340K | -$197K | -$26K | -$13K | -$45K | -$251K | -$143K | -$24K |
| EBITDA Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -3.1% | -11.4% | -62.9% | -36.8% | -7.6% |
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 | 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 | $809K | $11K | $34K | $8K | $30K | $25K | $11K | $2K | $3K | $2K | $8K | $7K | $6K | $155K | $187K | $573K | $782K | $1.09M | $3.21M | $343K | $14K | $0 | $19K | -$2K | $0 | $275K |
| Short-Term Investments | $466K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36K | $36K |
| Cash and Short-Term Investments | $1.28M | $11K | $34K | $8K | $30K | $25K | $11K | $2K | $3K | $2K | $8K | $7K | $6K | $155K | $187K | $573K | $782K | $1.09M | $3.21M | $343K | $14K | $0 | $19K | -$2K | $36K | $36K |
| Accounts Receivable | $81K | $54K | $2K | $2K | $3K | $2K | $18K | $12K | $3K | $4K | $2K | $26K | $0 | $214K | $892K | $2K | $813 | $2K | $26K | $7K | $3K | $3K | $36K | $16K | $63K | $162K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $988 | $1K | $1K | $721 | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$988 | -$1K | -$1K | -$721 | $79K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $0 | $0 |
| Total Current Assets | $1.36M | $82K | $52K | $27K | $34K | $27K | $29K | $15K | $7K | $7K | $11K | $34K | $91K | $379K | $1.09M | $577K | $784K | $1.09M | $3.23M | $351K | $17K | $4K | $56K | $17K | $100K | $199K |
| Long-Term Assets | ||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $33K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.91M | $2.18M | $568K | $413K | $357K | $981K | $31K | $0 | $0 | $21K | $31K | $69K | $88K |
| 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 | $125K | $160K |
| Long-Term Investments | $94K | $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 | $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 | $163K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36K | $71K | $36K | $0 |
| Total Long-Term Assets | $126K | $163K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.91M | $2.18M | $568K | $413K | $357K | $981K | $31K | $0 | $0 | $57K | $102K | $229K | $248K |
| 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 | $1.48M | $245K | $52K | $27K | $34K | $27K | $29K | $15K | $7K | $7K | $11K | $34K | $91K | $4.29M | $3.27M | $1.14M | $1.2M | $1.45M | $4.21M | $382K | $17K | $4K | $113K | $119K | $330K | $276K |
| Liabilities | ||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||
| Accounts Payable | $521K | $666K | $397K | $355K | $341K | $376K | $262K | $109K | $78K | $183K | $201K | $263K | $405K | $0 | $0 | $0 | $0 | $0 | $62K | $19K | $34K | $13K | $232K | $243K | $100K | $111K |
| Short-Term Debt | $0 | $9K | $10K | $9K | $33K | $9K | $7K | $0 | $0 | $12K | $5K | $4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $28K | $65K | $76K | $18K | $49K | $87K |
| 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 | $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 | -$435 | $5K | $184K | $110K | $125K | $98K | $174K | $151K | $246K | $337K | $280K | $265K | $275K | $0 | $112K | $42K | $58K | $139K | $0 | $0 | $56K | $0 | $0 | $0 | $0 | -$194K |
| Total Current Liabilities | $532K | $751K | $591K | $475K | $498K | $482K | $443K | $260K | $324K | $532K | $486K | $532K | $722K | $336K | $112K | $42K | $58K | $139K | $62K | $19K | $117K | $78K | $308K | $262K | $149K | $4K |
| Long-Term Liabilities | ||||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $119K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $23K | $25K |
| 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 | $112K | $0 | $0 | $27K | $0 | $0 | $0 | $142K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2K | -$8K | $0 |
| Total Long-Term Liabilities | $112K | $0 | $0 | $145K | $0 | $0 | $0 | $142K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $23K | $39K |
| 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 | $643K | $751K | $591K | $620K | $498K | $482K | $443K | $402K | $324K | $532K | $486K | $532K | $722K | $336K | $112K | $42K | $58K | $139K | $62K | $19K | $117K | $78K | $308K | $267K | $172K | $4K |
| 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 | $11.8M | $9.55M | $9.55M | $9.31M | $8.96M | $8.6M | $8.41M | $8.04M | $7.9M | $7.48M | $7.33M | $0 | $7.05M | $0 | $0 | $0 | $4.01M | $4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$15.96M | -$13.03M | -$13.03M | -$12.63M | -$12.18M | -$11.58M | -$11.3M | -$10.75M | -$10.55M | -$10.32M | -$10.11M | -$9.98M | -$9.81M | -$5.03M | -$4.63M | -$4.27M | -$4.16M | -$3.98M | -$992K | -$762K | -$563K | -$537K | -$658K | -$600K | -$295K | -$78K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $68K | $63K | $0 | $66K | $0 | $0 | $0 | $0 | $0 | $898K | $31K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $5M | $2.98M | $2.94M | $2.73M | $2.76M | $2.53M | $2.47M | $2.33M | $2.33M | $2.31M | $2.3M | $9.48M | $2.13M | $8.98M | $7.79M | $5.38M | $1.3M | $1.29M | $5.14M | $1.12M | $463K | $463K | $463K | $453K | $453K | $288K |
| Total Equity | $840K | -$507K | -$539K | -$594K | -$465K | -$456K | -$414K | -$388K | -$317K | -$525K | -$475K | -$498K | -$631K | $3.95M | $3.16M | $1.1M | $1.14M | $1.31M | $4.15M | $363K | -$100K | -$74K | -$195K | -$148K | $158K | $211K |
| 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 | $1.48M | $245K | $52K | $27K | $34K | $27K | $29K | $15K | $7K | $7K | $11K | $34K | $91K | $4.29M | $3.27M | $1.14M | $1.2M | $1.45M | $4.21M | $382K | $17K | $4K | $113K | $119K | $330K | $214K |
| Supplementary Data | ||||||||||||||||||||||||||
| Total Debt | $0 | $9K | $10K | $128K | $33K | $9K | $7K | $0 | $0 | $12K | $5K | $4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $28K | $65K | $76K | $23K | $72K | $0 |
| Net Debt | -$809K | -$2K | -$25K | $120K | $2K | -$16K | -$4K | -$2K | -$3K | $10K | -$3K | -$3K | -$6K | -$155K | -$187K | -$573K | -$782K | -$1.09M | -$3.21M | -$343K | $14K | $65K | $57K | $25K | $80K | -$275K |
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 | -$2.94M | -$1K | -$394K | -$452K | -$603K | -$278K | -$548K | -$207K | -$221K | -$217K | -$125K | -$169K | -$880K | -$2.13M | -$357K | -$110K | -$185K | -$2.87M | -$231K | -$199K | -$26K | $121K | -$57K | -$306K | -$217K | -$3K |
| Depreciation & Amortization | $0 | $408K | $309K | $0 | $0 | $0 | $534K | $198K | $206K | $190K | $111K | $166K | $18K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6K | $9K | $44K | $58K | $32K |
| Deferred Income Tax | $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 |
| Stock-Based Compensation | $0 | $34K | $78K | $147K | $329K | $0 | $48K | $3K | $46K | $29K | $5K | $11K | $45K | $78K | $130K | $0 | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||
| Accounts Receivable | $48K | -$215K | $331 | $1K | $307 | $16K | -$6K | -$10K | $406 | -$2K | $24K | $56K | $131K | $90K | -$302K | $0 | $0 | $24K | -$19K | $0 | $0 | -$21K | -$20K | $47K | $185K | -$59K |
| Inventory | $0 | $0 | $0 | $0 | -$307 | -$16K | $6K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | -$11K | $114K | $36K | $31K | -$5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $193K | $155K | $136K | $45K | $11K | -$60K | $49K | $79K | -$29K | $39K | -$47K | -$181K | $393K | $228K | -$19K | $0 | $0 | $77K | $38K | $0 | $0 | -$94K | -$11K | $144K | -$53K | $53K |
| Total Working Capital Change | $242K | -$59K | $136K | $46K | -$12K | $54K | $86K | $100K | -$34K | $37K | -$23K | $6K | $525K | $319K | -$322K | -$18K | -$81K | $101K | $19K | $31K | $23K | -$115K | -$32K | $191K | $133K | -$6K |
| Other Non-Cash Items | $1.94M | -$405K | -$297K | -$15K | $260K | $1K | -$534K | -$204K | -$206K | -$189K | -$110K | -$37K | -$18K | $10K | $418 | $0 | $23K | $2.82M | $124K | $113K | -$17K | -$143K | $0 | $126K | $0 | -$24K |
| Net Cash from Operating | -$751K | -$23K | -$167K | -$274K | -$287K | -$222K | -$414K | -$110K | -$209K | -$150K | -$142K | -$22K | -$311K | -$1.72M | -$548K | -$127K | -$241K | $46K | -$88K | -$55K | -$20K | -$131K | -$80K | $56K | -$27K | -$453 |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.74M | -$617K | -$82K | -$70K | -$2.16M | -$844K | $0 | $0 | $0 | $0 | -$8K | -$3K | -$58K |
| Acquisitions | $7K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $491 | $0 | $0 | $0 | $0 | $0 | $0 | -$3K | $0 | $0 | $104K | $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 | $0 | $0 | $0 | $0 |
| Sales of Investments | $71K | $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 Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5K | $46K | $0 | $0 | $0 |
| Net Cash from Investing | $78K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.74M | -$616K | -$82K | -$70K | -$2.16M | -$844K | $0 | $0 | -$7K | $46K | -$8K | $101K | -$58K |
| Financing Activities | ||||||||||||||||||||||||||
| Debt Repaid | - | - | $146K | -$161K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -$3.79M | -$439K | -$27K | -$120K | -$53K | $16K | $14K | -$30K |
| Common Stock Issuance | $1.53M | $0 | $321K | $153K | $266K | $113K | $408K | $68K | $53K | $53K | $143K | $0 | $170K | $1.75M | $777K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $95K |
| 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 | $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 |
| Other Financing Activities | -$60K | $0 | $28K | $92K | $27K | $123K | $9K | $41K | $156K | $85K | $0 | -$5K | -$9K | -$61K | $0 | $0 | $0 | $0 | $7K | -$56K | $7K | $0 | $0 | $0 | -$20K | -$22K |
| Net Cash from Financing | $1.47M | $0 | $193K | $252K | $266K | $236K | $423K | $109K | $210K | $144K | $143K | $24K | $161K | $1.69M | $777K | $0 | $0 | $0 | $3.8M | $383K | $34K | $120K | $53K | -$16K | -$34K | $103K |
| Forex Effect | $516 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $81 | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $799K | -$23K | $26K | -$22K | $6K | $14K | $9K | -$739 | $599 | -$6K | $939 | $1K | -$150K | -$32K | -$386K | -$210K | -$310K | -$2.11M | $2.86M | $329K | $14K | -$19K | $19K | $32K | $40K | $275K |
| Supplementary Data | ||||||||||||||||||||||||||
| Operating Cash Flow | -$751K | -$23K | -$167K | -$274K | -$260K | -$222K | -$414K | -$110K | -$209K | -$150K | -$142K | -$22K | -$311K | $20K | -$548K | -$127K | -$241K | $46K | -$88K | -$55K | -$20K | -$131K | -$80K | $56K | -$27K | -$453 |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.74M | -$617K | -$82K | -$70K | -$2.16M | -$844K | $0 | $0 | $0 | $0 | -$8K | -$3K | $0 |
| Free Cash Flow | -$751K | -$23K | -$167K | -$274K | -$260K | -$222K | -$414K | -$110K | -$209K | -$150K | -$142K | -$22K | -$311K | -$1.72M | -$1.17M | -$210K | -$310K | -$2.11M | -$932K | -$55K | -$20K | -$131K | -$80K | $49K | -$30K | -$453 |
| Cash at Beginning | $11K | $34K | $8K | $30K | $25K | $11K | $2K | $3K | $2K | $8K | $7K | $6K | $155K | $187K | $573K | $782K | $1.09M | $3.21M | $343K | $14K | $0 | $19K | -$249 | -$33K | -$37K | $0 |
| Cash at End | $809K | $11K | $34K | $8K | $30K | $25K | $11K | $2K | $3K | $2K | $8K | $7K | $6K | $155K | $187K | $573K | $782K | $1.09M | $3.21M | $343K | $14K | $0 | $19K | -$249 | $3K | $275K |