SERNOVA CORP. (SEOVF)
Sernova Corp. is a Canadian firm, established in 1998 and headquartered in London, that specializes in advanced regenerative medicine therapeutics and is currently in its clinical development phase. The company's primary objective is to innovate and bring to market novel treatments, with a core focus on its unique "Cell Pouch" system. This sophisticated medical device is engineered to create a highly vascularized environment within the body, enabling the successful implantation and integration of therapeutic cells. Once integrated, these cells are designed to continuously release vital proteins or hormones, providing a long-term approach to managing debilitating chronic conditions like diabetes, hemophilia, and thyroid disease. Accompanying the Cell Pouch are related technologies that involve specialized therapeutic cells and methods to shield them from the body's immune response. Sernova actively collaborates with AgeX Therapeutics, Inc. to develop immune-protected therapeutic cells and maintains a research partnership with the University of Miami to further refine its Cell Pouch cell therapy platform.
Industry: Biotechnology
Sernova Corp.
OTC:SEOVFHealthcare · Biotechnology
-18.51%$0.0744
Mkt Cap$28.1M
Float326.77M
O/S377.64M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$11.22M
Total Assets$545K
Free Cash Flow-$7.77M
Debt & Equity
Total Debt$12.32M
Total Equity-$17.82M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in SEOVF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$545K
Liabilities$18.42M
Accounts Receivable$87K
Accounts Payable$3.68M
Inventory$0
PP&E (Net)$13K
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 | 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 | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 | 2011-10-31 | 2010-10-31 | 2009-10-31 | 2008-10-31 | 2007-10-31 | 2006-10-31 | 2005-10-31 | 2004-10-31 | 2003-10-31 | 2002-10-31 | 2001-10-31 | 2000-10-31 | 1999-10-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4K | $63K | $100K | $12K | $58K | $0 | $0 |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -94.0% | -37.5% | 733.3% | -79.2% | - | - | - |
| Cost of Revenue | $244K | $0 | $318K | $314K | $190K | $161K | $44K | $46K | $28K | $5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $31K | $6K | $0 | $0 | $0 | $0 |
| Gross Profit | -$244K | $0 | -$318K | -$314K | -$190K | -$160K | -$44K | -$46K | -$28K | -$5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4K | $32K | $95K | $12K | $58K | $0 | $0 |
| Gross Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 100.0% | 50.3% | 94.3% | 100.0% | 100.0% | - | - |
| Research and Development | $5.19M | $16.3M | $22.84M | $12.04M | $3.31M | $1.97M | $1.43M | $1.59M | $1.1M | $855K | $1.28M | $1.44M | $1.12M | $1.37M | $197K | $197K | $14K | $582K | $889K | $184K | $0 | $82K | $123K | $284K | $791K | $0 | $0 |
| Selling, General, and Administrative | $5.34M | $6.4M | $6.03M | $5.58M | $1.63M | $1.77M | $1.42M | $1.05M | $781K | $928K | $778K | $547K | $349K | $487K | $835K | $510K | $453K | $863K | $1.19M | $682K | $306K | $367K | $471K | $784K | $781K | $323K | $0 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3K | -$2K | $10K | $30K | $0 | $0 | $2K | $20K | $8K | $11K | $12K | $0 | $0 |
| Total Operating Expenses | $10.54M | $22.7M | $28.87M | $17.65M | $4.94M | $3.75M | $2.86M | $2.64M | $1.88M | $1.78M | $2.06M | $1.99M | $1.47M | $1.86M | $1.65M | $1.32M | $1.06M | $2.02M | $2.65M | $952K | $307K | $469K | $601K | $1.08M | $1.58M | $338K | $22K |
| Operating Income (EBIT) | -$10.71M | -$22.7M | -$29.32M | -$18.12M | -$4.89M | -$3.72M | -$2.83M | -$2.62M | -$1.85M | -$1.76M | -$2.17M | -$1.99M | -$1.47M | -$1.86M | -$1.46M | -$1.32M | -$1.06M | -$2.02M | -$2.65M | -$952K | -$304K | -$437K | -$506K | -$1.07M | -$1.53M | -$339K | -$22K |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -8062.1% | -696.5% | -504.3% | -8854.2% | -2631.4% | - | - |
| Interest Expense | $538K | $141K | $23K | $84K | $42K | $62K | $5K | $7K | $10K | $7K | $2K | $3K | $1K | $3K | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $18K | $277K | $1.07M | $412K | $50K | $28K | $27K | $20K | $39K | $21K | $23K | $36K | $45K | $28K | $12K | $398 | $3K | $27K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$507K | -$247K | $1.07M | $717K | $778K | $349K | $712K | $519K | $690K | $569K | $136K | $34K | $44K | $25K | $11K | -$2K | $10K | $30K | $24K | $14K | -$6K | $175K | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$11.22M | -$22.94M | -$28.25M | -$17.41M | -$4.97M | -$3.79M | -$2.83M | -$2.64M | -$1.88M | -$1.78M | -$2.04M | -$1.96M | -$1.43M | -$1.83M | -$1.45M | -$1.32M | -$1.05M | -$1.99M | -$2.63M | -$939K | -$309K | -$262K | $0 | $0 | $0 | $0 | $0 |
| Income Tax Expense | $7K | $5K | -$448K | $0 | $0 | $0 | $5K | $7K | $10K | $7K | $2K | $0 | $0 | $0 | $1K | -$398 | -$3K | -$27K | -$65K | -$43K | $0 | $0 | $0 | $0 | $0 | -$38K | $15K |
| Net Income | -$11.22M | -$22.95M | -$27.8M | -$17.41M | -$4.97M | -$3.79M | -$2.83M | -$2.64M | -$1.88M | -$1.78M | -$2.04M | -$1.96M | -$1.43M | -$1.83M | -$1.45M | -$1.32M | -$1.05M | -$1.96M | -$2.56M | -$896K | -$309K | -$262K | -$506K | -$1.07M | -$1.53M | -$301K | -$15K |
| Net Income Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -8213.5% | -418.1% | -504.3% | -8854.2% | -2631.4% | - | - |
| Supplementary Data | |||||||||||||||||||||||||||
| EPS | -0.05 | -0.10 | -0.13 | -0.09 | -0.03 | -0.03 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.03 | -0.03 | -0.05 | -0.07 | -0.04 | -0.02 | -0.02 | -0.04 | -0.09 | -0.15 | -0.04 | -0.01 |
| Diluted EPS | -0.05 | -0.10 | -0.13 | -0.09 | -0.03 | -0.03 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.03 | -0.03 | -0.05 | -0.07 | -0.04 | -0.02 | -0.02 | -0.04 | -0.09 | -0.15 | -0.04 | -0.01 |
| Weighted Average OS | 328.29M | 306.95M | 303.33M | 273.59M | 245.52M | 197.29M | 175.88M | 159.46M | 158.24M | 147.96M | 136.12M | 130.05M | 123.12M | 107.39M | 86.68M | 73.63M | 58.83M | 53.33M | 48.87M | 35.63M | 26.03M | 20.71M | 18.86M | 15.80M | 14.27M | 10.55M | 3.42M |
| EBITDA | -$10.45M | -$22.19M | -$28.65M | -$17.33M | -$4.7M | -$3.56M | -$2.79M | -$2.58M | -$1.82M | -$1.76M | -$1.68M | -$1.4M | -$918K | -$1.33M | -$1.02M | -$707K | -$468K | -$1.45M | -$2.08M | -$866K | -$302K | -$418K | -$498K | -$1.06M | -$1.51M | -$323K | -$22K |
| EBITDA Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -8005.3% | -665.8% | -496.4% | -8765.4% | -2610.4% | - | - |
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 | 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 | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 | 2011-10-31 | 2010-10-31 | 2009-10-31 | 2008-10-31 | 2007-10-31 | 2006-10-31 | 2005-10-31 | 2004-10-31 | 2003-10-31 | 2002-10-31 | 2001-10-31 | 2000-10-31 | 1999-10-31 |
| Assets | |||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||
| Cash and Cash Equivalents | $189K | $4.29M | $6.22M | $2.69M | $19.87M | $2.82M | $1.28M | $1.24M | $1.87M | $3.71M | $151K | $331K | $195K | $182K | $221K | $524K | $283K | $329K | $1.28M | $2.05M | $267K | $198K | $92K | $244K | $1.13M | $1.03M | $286K |
| Short-Term Investments | $0 | $0 | $7.9M | $32.79M | $0 | $0 | $1.43M | $716K | $716K | $499K | $1.9M | $2.1M | $3.35M | $2.93M | $861K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $189K | $4.29M | $14.12M | $35.48M | $19.87M | $2.82M | $2.71M | $1.96M | $2.59M | $4.21M | $2.05M | $2.44M | $3.55M | $3.11M | $1.08M | $524K | $283K | $329K | $1.28M | $2.05M | $267K | $198K | $92K | $244K | $1.13M | $1.03M | $286K |
| Accounts Receivable | $87K | $213K | $139K | $0 | $320K | $361K | $524K | $336K | $457K | $165K | $156K | $82K | $36K | $5K | $42K | $81K | $82K | $12K | $44K | $43K | $0 | $0 | $0 | $0 | $0 | $60K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$156K | -$82K | -$36K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13K | $23K | $0 | $0 | $0 |
| Other Current Assets | $96K | $113K | $612K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25K | $0 | $0 | $31K | $0 |
| Total Current Assets | $373K | $4.61M | $14.99M | $36.42M | $20.19M | $3.28M | $3.79M | $2.36M | $3.07M | $4.42M | $2.23M | $2.55M | $3.68M | $3.18M | $1.13M | $627K | $388K | $346K | $1.34M | $2.12M | $279K | $231K | $147K | $283K | $1.15M | $1.13M | $286K |
| Long-Term Assets | |||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $13K | $594K | $362K | $466K | $403K | $145K | $179K | $206K | $170K | $19K | $21K | $11K | $14K | $4K | $5K | $4K | $8K | $4K | $6K | $9K | $0 | $9K | $28K | $35K | $42K | $48K | $0 |
| 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 | $0 |
| Intangible Assets | $0 | $0 | $226K | $368K | $511K | $654K | $0 | $0 | $0 | $0 | $0 | $309K | $760K | $1.24M | $1.7M | $2.24M | $2.81M | $3.32M | $3.81M | $2.33M | $0 | $0 | $110K | $91K | $76K | $60K | $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 | $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 | $0 |
| Other Long-Term Assets | $160K | $160K | $185K | $160K | $151K | $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 Assets | $172K | $754K | $772K | $994K | $1.06M | $799K | $179K | $206K | $170K | $19K | $21K | $319K | $774K | $1.24M | $1.7M | $2.25M | $2.81M | $3.32M | $3.82M | $2.34M | $71K | $9K | $139K | $126K | $118K | $589K | $0 |
| 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 | $0 |
| Total Assets | $545K | $5.37M | $15.76M | $37.41M | $21.26M | $4.08M | $3.97M | $2.57M | $3.24M | $4.44M | $2.25M | $2.87M | $4.45M | $4.42M | $2.84M | $2.88M | $3.2M | $3.67M | $5.16M | $4.45M | $350K | $240K | $286K | $410K | $1.27M | $1.71M | $316K |
| Liabilities | |||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||
| Accounts Payable | $3.68M | $12.29M | $4.88M | $2.58M | $271K | $377K | $337K | $130K | $130K | $83K | $38K | $59K | $79K | $57K | $29K | $77K | $0 | $0 | $24K | $87K | $110K | $59K | $83K | $134K | $319K | $96K | $0 |
| Short-Term Debt | $11.57M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $62K | $66K | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16K | $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 | $47K | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $1.34M | $10.18M | $540K | $2.41M | $205K | $74K | $0 | $0 | $358K | $470K | $2K | $0 | $0 | $0 | $0 | $0 | $73K | $86K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$96K | $0 |
| Total Current Liabilities | $17.67M | $14.27M | $6.84M | $3.38M | $1.05M | $626K | $490K | $243K | $642K | $603K | $142K | $171K | $160K | $95K | $85K | $103K | $73K | $86K | $24K | $87K | $173K | $125K | $130K | $134K | $319K | $96K | $0 |
| Long-Term Liabilities | |||||||||||||||||||||||||||
| Long-Term Debt | $743K | $0 | $0 | $0 | $0 | $501K | $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 | $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 | $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 | $0 |
| Total Long-Term Liabilities | $743K | $334K | $0 | $97K | $197K | $501K | $0 | $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 | $0 |
| Total Liabilities | $18.42M | $14.6M | $6.84M | $3.48M | $1.25M | $1.13M | $490K | $243K | $642K | $603K | $142K | $171K | $160K | $95K | $85K | $103K | $73K | $86K | $24K | $87K | $173K | $125K | $130K | $134K | $319K | $96K | $0 |
| 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 | $0 |
| Common Stock | $84.6M | $83.17M | $79.12M | $79.12M | $52.76M | $31.82M | $29.44M | $24.16M | $24M | $23.45M | $20.38M | $19.03M | $18.76M | $17.65M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.33M | $0 | $0 | $0 | $1.99M | $313K |
| Retained Earnings | -$118.33M | -$107.18M | -$84.23M | -$56.44M | -$39.03M | -$34.06M | -$30.27M | -$27.44M | -$24.8M | -$22.92M | -$21.14M | -$19.1M | -$17.14M | -$15.71M | -$13.88M | -$12.44M | -$11.09M | -$8.7M | -$8.08M | -$5.52M | -$4.64M | -$4.22M | -$3.95M | -$3.45M | -$2.38M | -$374K | -$15K |
| Comprehensive Income & Other | $383K | $0 | $0 | $2.35M | $2.63M | $1.1M | $789K | $2.56M | $708K | $708K | $667K | $659K | $663K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $15.91M | $14.77M | $14.04M | $11.26M | $6.28M | $5.19M | $4.3M | $5.61M | $3.4M | $3.3M | $2.86M | $2.76M | $2.67M | $2.39M | $16.63M | $15.21M | $14.22M | $12.28M | $13.22M | $9.89M | $4.82M | $0 | $4.11M | $3.72M | $3.33M | $0 | $0 |
| Total Equity | -$17.82M | -$9.24M | $8.92M | $33.94M | $20.01M | $2.95M | $3.48M | $2.33M | $2.6M | $3.83M | $2.11M | $2.7M | $4.29M | $4.33M | $2.75M | $2.77M | $3.13M | $3.58M | $5.13M | $4.37M | $178K | $116K | $156K | $276K | $952K | $1.62M | $297K |
| 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 | $0 |
| Total Liabilities and Equity | $597K | $5.37M | $15.76M | $37.41M | $21.26M | $4.08M | $3.97M | $2.57M | $3.24M | $4.44M | $2.25M | $2.87M | $4.45M | $4.42M | $2.84M | $2.88M | $3.2M | $3.67M | $5.16M | $4.45M | $350K | $240K | $286K | $410K | $1.27M | $1.71M | $297K |
| Supplementary Data | |||||||||||||||||||||||||||
| Total Debt | $12.32M | $406K | $97K | $197K | $280K | $501K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $62K | $66K | $0 | $0 | $0 | $0 | $0 |
| Net Debt | $12.13M | -$3.88M | -$6.12M | -$2.49M | -$19.59M | -$2.31M | -$1.28M | -$1.24M | -$1.87M | -$3.71M | -$151K | -$331K | -$195K | -$182K | -$221K | -$524K | -$283K | -$329K | -$1.28M | -$2.05M | -$204K | -$132K | -$92K | -$244K | -$1.13M | -$1.03M | -$286K |
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 | 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 | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 | 2011-10-31 | 2010-10-31 | 2009-10-31 | 2008-10-31 | 2007-10-31 | 2006-10-31 | 2005-10-31 | 2004-10-31 | 2003-10-31 | 2002-10-31 | 2001-10-31 | 2000-10-31 | 1999-10-31 |
| Operating Activities | |||||||||||||||||||||||||||
| Net Income | -$11.22M | -$22.95M | -$27.8M | -$17.41M | -$4.97M | -$3.79M | -$2.83M | -$2.64M | -$1.88M | -$1.78M | -$2.04M | -$1.96M | -$1.43M | -$1.83M | -$1.45M | -$1.32M | -$1.05M | -$1.96M | -$2.56M | -$896K | -$309K | -$263K | -$506K | -$1.07M | -$1.53M | -$301K | -$15K |
| Depreciation & Amortization | $244K | $385K | $318K | $314K | $190K | $161K | $44K | $46K | $28K | $5K | $354K | $555K | $508K | $498K | $623K | $608K | $592K | $574K | $567K | $86K | $2K | $20K | $8K | $11K | $12K | $15K | $0 |
| 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 | $0 |
| Stock-Based Compensation | $1.64M | $1.24M | $2.78M | $5.31M | $156K | $487K | $624K | $375K | $314K | $478K | $201K | $189K | $85K | $246K | $158K | $65K | $103K | $416K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||
| Accounts Receivable | $125K | $401K | $164K | -$139K | -$64K | $9K | $77K | $45K | -$56K | -$9K | -$75K | -$45K | -$31K | $36K | $51K | $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 | $7K | $10K | -$23K | $0 | $0 | $0 |
| Accounts 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 | $0 |
| Other Working Capital | $1.11M | $7.55M | $3.39M | $2.24M | $433K | $606K | -$251K | -$146K | $214K | -$27K | $13K | $61K | $41K | -$47K | -$10K | $0 | $0 | $0 | $0 | $0 | $0 | -$62K | -$29K | -$176K | $0 | -$5K | $0 |
| Total Working Capital Change | $1.24M | $7.96M | $3.55M | $2.1M | $369K | $615K | -$175K | -$101K | $158K | -$36K | -$85K | $16K | $10K | -$12K | $41K | $98K | -$13K | $82K | -$31K | -$136K | $72K | -$56K | -$19K | -$199K | $293K | -$5K | $14K |
| Other Non-Cash Items | $323K | -$107K | -$482K | -$598K | -$628K | -$277K | -$651K | -$475K | -$573K | -$485K | $25K | -$18K | -$34K | -$21K | -$18K | -$44K | -$45K | $0 | $438K | $405K | $64K | -$163K | $18K | $27K | $0 | $15K | $0 |
| Net Cash from Operating | -$7.77M | -$13.47M | -$21.63M | -$10.28M | -$4.88M | -$2.81M | -$2.99M | -$2.79M | -$1.95M | -$1.82M | -$1.54M | -$1.22M | -$859K | -$1.12M | -$642K | -$589K | -$409K | -$890K | -$1.59M | -$541K | -$170K | -$462K | -$500K | -$1.23M | -$1.22M | -$291K | -$2K |
| Investing Activities | |||||||||||||||||||||||||||
| Capital Expenditures | $0 | $0 | -$71K | -$235K | -$12K | -$717K | -$17K | -$82K | -$179K | -$14K | -$62K | -$87K | -$44K | -$38K | -$70K | -$52K | -$106K | -$64K | -$944K | -$72K | $0 | $0 | -$20K | -$4K | -$6K | -$326K | $0 |
| Acquisitions | $18K | $0 | $0 | $32.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$21K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$12.87M | -$42.06M | $0 | $0 | -$710K | $0 | -$214K | $0 | $0 | $0 | $0 | -$2.04M | -$855K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $7.9M | $37.76M | $9.27M | $0 | $1.43M | $0 | $3K | $0 | $1.39M | $177K | $1.26M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $25K | -$25K | -$32.8M | -$151K | $713 | -$710 | $3K | -$214K | $1.39M | -$58K | -$87K | -$424K | -$36K | -$67K | $0 | -$100K | $0 | $0 | $0 | -$70K | $291K | $0 | -$15K | -$18K | -$77K | $0 |
| Net Cash from Investing | $18K | $7.93M | $24.79M | -$33.03M | -$163K | $709K | -$727K | -$79K | -$393K | $1.38M | $116K | $1.18M | -$436K | -$2.08M | -$926K | -$52K | -$106K | -$64K | -$944K | -$93K | -$70K | $291K | -$20K | -$19K | -$24K | -$77K | $0 |
| Financing Activities | |||||||||||||||||||||||||||
| Debt Repaid | -$878K | $121K | $123K | $120K | $20K | -$623K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $9K | -$228K | - | - | - | - | - |
| Common Stock Issuance | $177K | $3.54M | $0 | $14.46M | $15.06M | $2.53M | $3.25M | $2M | $335K | $2.99M | $1.14M | $0 | $1.25M | $2.21M | $1.41M | $937K | $527K | $0 | $1.76M | $2.54M | $318K | $49K | $368K | $363K | $1.34M | $1.31M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$149K | -$56K | -$58K | $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 | $0 |
| Other Financing Activities | -$34K | $198K | $481K | $11.8M | $7.06M | $485K | $505K | $2.24M | $513K | $1M | $107K | $173K | $60K | $946K | -$149K | $0 | $0 | $0 | $0 | -$121K | $0 | $0 | $0 | $0 | $0 | $21K | -$25K |
| Net Cash from Financing | $3.66M | $3.61M | $359K | $26.14M | $22.1M | $3.63M | $3.76M | $2.24M | $513K | $4M | $1.25M | $173K | $1.31M | $3.16M | $1.27M | $881K | $469K | $0 | $1.76M | $2.42M | $309K | $277K | $368K | $363K | $1.34M | $1.33M | $146K |
| Forex Effect | -$24K | $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 |
| Net Change in Cash | -$4.12M | -$1.93M | $3.53M | -$17.18M | $17.05M | $1.53M | $41K | -$633K | -$1.83M | $3.56M | -$180K | $136K | $13K | -$39K | -$303K | $241K | -$46K | -$954K | -$766K | $1.78M | $69K | $106K | -$152K | -$883K | $98K | $965K | $145K |
| Supplementary Data | |||||||||||||||||||||||||||
| Operating Cash Flow | -$7.77M | -$13.47M | -$21.63M | -$10.28M | -$4.88M | -$2.81M | -$2.99M | -$2.79M | -$1.95M | -$1.82M | -$1.54M | -$1.22M | -$859K | -$1.12M | -$642K | -$589K | -$409K | -$890K | -$1.59M | -$541K | -$170K | -$462K | -$500K | -$1.23M | -$1.22M | -$291K | -$2K |
| Capital Expenditure | $0 | $0 | -$71K | -$235K | -$12K | -$717K | -$17K | -$82K | -$179K | -$14K | -$62K | -$87K | -$44K | -$38K | -$70K | -$52K | -$106K | -$64K | -$944K | -$72K | $0 | $0 | -$20K | -$4K | -$6K | -$326K | $0 |
| Free Cash Flow | -$7.77M | -$13.47M | -$21.7M | -$10.51M | -$4.89M | -$3.52M | -$3.01M | -$2.87M | -$2.13M | -$1.83M | -$1.6M | -$1.3M | -$903K | -$1.16M | -$713K | -$640K | -$515K | -$954K | -$2.53M | -$613K | -$170K | -$462K | -$520K | -$1.23M | -$1.23M | -$617K | -$2K |
| Cash at Beginning | $4.31M | $6.22M | $2.69M | $19.87M | $2.82M | $1.28M | $1.24M | $1.87M | $3.71M | $151K | $331K | $195K | $182K | $221K | $524K | $283K | $329K | $1.28M | $2.05M | $267K | $198K | $92K | $244K | $1.13M | $1.03M | $65K | $141K |
| Cash at End | $189K | $4.29M | $6.22M | $2.69M | $19.87M | $2.82M | $1.28M | $1.24M | $1.87M | $3.71M | $151K | $331K | $195K | $182K | $221K | $524K | $283K | $329K | $1.28M | $2.05M | $267K | $198K | $92K | $244K | $1.13M | $1.03M | $286K |