Saker Aviation Services, Inc. (SKAS)
Saker Aviation Services, Inc. is a U.S.-based company providing a diverse array of services within the general aviation sector. Its primary operations include managing a heliport and a fixed-base operation (FBO), offering extensive aircraft maintenance, repair, and overhaul (MRO) solutions, and serving as a consultant for a seaplane base. The company also delivers crucial ground support services like aircraft fueling and storage, accommodating general aviation, commercial, and military aircraft, in addition to other ancillary offerings. Key operational sites for Saker Aviation Services include managing the Downtown Manhattan Heliport and overseeing both FBO and MRO activities at the Garden City Regional Airport in Kansas. Established in 2003, the company is headquartered in New York, New York, and was previously named FirstFlight, Inc. before its rebranding in September 2009.
Sector: Airports, Flying Fields & Airport Terminal Services
Industry: Airlines, Airports & Air Services
Saker Aviation Services, Inc.
OTC:SKASIndustrials · Airlines, Airports & Air Services
+17.86%$6.50
Mkt Cap$6.57M
Float443K
O/S1.01M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.27M
Net Income-$1.09M
Total Assets$9.06M
Free Cash Flow-$610K
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$8.73M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:30Reverse splitMar 1, 201930 shares → 1
Balance Sheet Details
Assets$9.06M
Liabilities$328K
Accounts Receivable$0
Accounts Payable$187K
Inventory$0
PP&E (Net)$0
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Revenue | $1.27M | $9.17M | $8.84M | $7.6M | $5.38M | $3.51M | $11.57M | $11.12M | $12.02M | $14.69M | $15.97M | $18.29M | $14.76M | $16.93M | $16.09M | $12.08M | $8.71M | $8.6M | $47.11M | $39.21M | $13.81M | $0 |
| YoY Growth | -86.2% | 3.8% | 16.3% | 41.2% | 53.5% | -69.7% | 4.0% | -7.5% | -18.2% | -8.0% | -12.7% | 23.9% | -12.8% | 5.2% | 33.2% | 38.7% | 1.3% | -81.8% | 20.1% | 184.0% | - | - |
| Cost of Revenue | $749K | $4.49M | $2.56M | $2.99M | $2.83M | $2.53M | $5.85M | $6.07M | $5.61M | $6.59M | $7.26M | $10.07M | $8.11M | $9.99M | $8.82M | $5.64M | $4.88M | $6.13M | $39.46M | $32.72M | $10.3M | $0 |
| Gross Profit | $516K | $4.68M | $6.28M | $4.61M | $2.55M | $981K | $5.72M | $5.05M | $6.4M | $8.1M | $8.71M | $8.22M | $6.65M | $6.94M | $7.27M | $6.44M | $3.83M | $2.46M | $7.65M | $6.49M | $3.51M | $0 |
| Gross Margin | 40.8% | 51.0% | 71.1% | 60.7% | 47.4% | 28.0% | 49.4% | 45.4% | 53.3% | 55.1% | 54.5% | 44.9% | 45.1% | 41.0% | 45.2% | 53.3% | 44.0% | 28.7% | 16.2% | 16.6% | 25.4% | - |
| 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 |
| Selling, General, and Administrative | $1.89B | $2.05M | $2.56M | $3.88M | $1.91M | $2.47M | $4.67M | $4.56M | $5.31M | $6.3M | $6.67M | $7.09M | $5.61M | $5.71M | $6.09M | $5.34M | $4.22M | $3.46M | $7.45M | $8.87M | $4.99M | $561K |
| Other | -$1.89B | $0 | $212K | $0 | $0 | $0 | $0 | $447 | -$10K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $1.89M | $2.05M | $2.77M | $3.88M | $1.91M | $2.47M | $4.67M | $4.56M | $5.31M | $6.3M | $6.67M | $7.09M | $5.61M | $5.71M | $6.09M | $5.34M | $4.22M | $3.46M | $7.45M | $8.87M | $4.99M | $561K |
| Operating Income (EBIT) | -$1.37M | $2.63M | $3.51M | $107K | $644K | -$1.49M | $1.05M | $492K | $1.09M | $1.79M | $2.04M | $1.13M | $1.05M | $1.22M | $1.18M | $1.1M | -$388K | -$994K | $204K | -$2.38M | -$1.49M | -$561K |
| Operating Margin | -108.4% | 28.7% | 39.7% | 1.4% | 12.0% | -42.5% | 9.1% | 4.4% | 9.1% | 12.2% | 12.8% | 6.2% | 7.1% | 7.2% | 7.3% | 9.1% | -4.5% | -11.6% | 0.4% | -6.1% | -10.8% | - |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $24K | $8K | $17K | $21K | $27K | $25K | $47K | $121K | $149K | $128K | $173K | $136K | $20K | $31K | $1.15M | $466K | $13K |
| Interest Income | $348K | $364K | $220K | $3K | $4K | $18K | $27K | $33K | $0 | $0 | $0 | $7K | $18K | $25K | $32K | $41K | $14K | $7K | $55K | $31K | $38K | $0 |
| Other Income (Expense) | $283K | -$646K | $441K | $1.25M | $309K | -$689K | $19K | $16K | -$32K | -$27K | -$124K | -$19K | -$218K | -$80K | -$72K | -$132K | $55K | $994K | -$20M | -$961K | -$1.91B | -$13K |
| Income Before Tax (EBT) | -$1.09M | $1.99M | $3.95M | $1.36M | $928K | -$2.18M | $1.07M | $509K | $1.06M | $1.77M | $1.92M | $324K | $828K | $1.14M | $1.1M | $817K | -$411.04M | -$1.02B | $184.45M | -$3.34B | -$1.91B | $0 |
| Income Tax Expense | $0 | $732K | $1.51M | $300K | $202K | -$431K | $399K | $197K | $584K | $887K | $1.03M | $190K | $463K | $594K | $700K | -$656K | $23K | $3.91M | $20K | $961K | -$1.91B | $13K |
| Net Income | -$1.09M | $1.25M | $2.45M | $1.25M | $726K | -$1.75M | $668K | $312K | $478K | $880K | $695K | $134K | -$1.82M | $550K | $404K | $1.47M | -$411K | -$4.91M | $184K | -$3.34M | -$1.91M | -$573K |
| Net Income Margin | -86.1% | 13.7% | 27.7% | 16.4% | 13.5% | -49.9% | 5.8% | 2.8% | 4.0% | 6.0% | 4.4% | 0.7% | -12.3% | 3.2% | 2.5% | 12.2% | -4.7% | -57.1% | 0.4% | -8.5% | -13.9% | - |
| Supplementary Data | ||||||||||||||||||||||
| EPS | -1.09 | 1.27 | 2.50 | 1.28 | 0.71 | -1.71 | 0.66 | 0.30 | 0.43 | 0.90 | 0.60 | 0.12 | -1.65 | 0.60 | 0.30 | 1.20 | -0.36 | -4.02 | 0.30 | -4.42 | -5.89 | -4.16 |
| Diluted EPS | -1.09 | 1.24 | 2.47 | 1.26 | 0.71 | -1.71 | 0.65 | 0.30 | 0.42 | 0.90 | 0.60 | 0.12 | -1.65 | 0.60 | 0.30 | 1.20 | -0.36 | -4.02 | 0.30 | -4.42 | -5.89 | -4.16 |
| Weighted Average OS | 997,869 | 989,473 | 976,782 | 976,048 | 1.02M | 1.02M | 1.01M | 1.03M | 1.11M | 1.11M | 1.10M | 1.10M | 1.10M | 1.10M | 1.10M | 1.11M | 1.14M | 1.22M | 1.22M | 755,360 | 325,048 | 137,865 |
| EBITDA | -$1.37M | $2.65M | $3.53M | $833K | $570K | -$2.04M | $1.17M | $964K | $1.63M | $2.3M | $2.61M | $2.39M | $1.53M | $1.69M | $1.59M | $1.18M | -$50K | -$659K | $620K | -$1.78M | -$1.3M | -$561K |
| EBITDA Margin | -108.1% | 28.9% | 39.9% | 11.0% | 10.6% | -58.1% | 10.1% | 8.7% | 13.6% | 15.7% | 16.4% | 13.1% | 10.4% | 10.0% | 9.9% | 9.8% | -0.6% | -7.7% | 1.3% | -4.5% | -9.4% | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Assets | ||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||
| Cash and Cash Equivalents | $4.63M | $5.3M | $6.93M | $5.55M | $1.22M | $1.9M | $3.6M | $2.84M | $1.72M | $2.19M | $415K | $531K | $146K | $250K | $452K | $1.54M | $575K | $322K | $2.4M | $1.18M | $1.33M | $14K |
| Short-Term Investments | $3.69M | $3.55M | $2.54M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $8.32M | $8.85M | $9.48M | $5.55M | $1.22M | $1.9M | $3.6M | $2.84M | $1.72M | $2.19M | $415K | $531K | $146K | $250K | $452K | $1.54M | $575K | $322K | $2.4M | $1.18M | $1.33M | $14K |
| Accounts Receivable | $0 | $316K | $339K | $524K | $903K | $1.22M | $867K | $1.12M | $2.21M | $1.74M | $2.82M | $2.05M | $1.74M | $2.18M | $1.63M | $1.45M | $920K | $605K | $5.23M | $5.08M | $3.42M | $16K |
| Inventory | $0 | $7K | $1K | $14K | $740 | $164K | $181K | $171K | $163K | $113K | $68K | $299K | $339K | $301K | $285K | $208K | $278K | $230K | $324K | $193K | $191K | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $1.23M | $0 | $270K | $0 | $0 | $0 | $0 | $0 | $459K | $0 | $204K | $294K | $0 | $4.86M | -$2.4M | $0 | $0 | $0 |
| Total Current Assets | $9.06M | $10.78M | $10.56M | $6.87M | $4.19M | $3.54M | $5.21M | $4.69M | $4.63M | $4.49M | $3.66M | $3.41M | $3.23M | $3.38M | $2.95M | $3.85M | $1.94M | $6.18M | $8.42M | $6.74M | $5.16M | $32K |
| Long-Term Assets | ||||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $102K | $49K | $43K | $46K | $705K | $819K | $388K | $670K | $1.07M | $1.5M | $2.09M | $2.44M | $2.18M | $2.54M | $1.92M | $1.09M | $752K | $1.17M | $1.29M | $1.15M | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $750K | $750K | $750K | $750K | $750K | $750K | $530K | $530K | $1.08M | $2.37M | $2.37M | $2.37M | $2.37M | $2.37M | $4.19M | $4.19M | $4.19M | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $35K | $35K | $143K | $360K | $135K | $135K | $100K | $100K | $100K | $571K | $784K | $1.01M | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $200K | $200K | $0 | -$139.92M | -$202.81M | $181K | $402K | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $476K | $507K | $454K | $323K | $173K | $363K | $140M | $203M | $204M | $362K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | -$43K | $611K | $3K | $3K | $3K | $47K | $97K | $150K | $179K | $180K | $180K | -$203.7M | $444K | $1.05M | $929K | $37K | $177K | $377K | $13K |
| Total Long-Term Assets | $0 | $102K | $49K | $43K | $1.41M | $1.46M | $2.05M | $1.65M | $1.92M | $2.48M | $2.58M | $3.3M | $4.14M | $5.06M | $5.52M | $5.59M | $4.61M | $4.15M | $5.97M | $6.44M | $6.73M | $13K |
| 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 | $9.06M | $10.88M | $10.61M | $6.91M | $5.6M | $5M | $7.26M | $6.34M | $6.55M | $6.97M | $6.24M | $6.71M | $7.37M | $8.44M | $8.47M | $9.45M | $6.55M | $10.33M | $14.39M | $13.18M | $11.89M | $46K |
| Liabilities | ||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||
| Accounts Payable | $187K | $227K | $705K | $329K | $115K | $62K | $397K | $348K | $495K | $842K | $683K | $996K | $870K | $978K | $782K | $444K | $432K | $275K | $6.25M | $5.63M | $4.15M | $199K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $9K | $305K | $0 | $58K | $345K | $345K | $272K | $922K | $1.37M | $714K | $1.14M | $748K | $1.17M | $1.13M | $127K | $204K | $1.78M | $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 | $263K | $253K | $205K | $81K | $81K | $130K | $127K | $127K | $127K | $126K | $135K | $132K | $132.35M | $139K | $240.41M | $67.31M | $143.05M | $532.4M | $533K | $450.81M | $0 |
| Other Current Liabilities | $131K | $0 | $0 | $0 | $123K | $0 | $26K | $0 | $127K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $67K | $5.24M | $532K | $399K | $451K | $0 |
| Total Current Liabilities | $328K | $1.21M | $2.29M | $1.13M | $753K | $710K | $1.28M | $821K | $1.26M | $1.68M | $1.67M | $2.56M | $2.92M | $2.46M | $2.45M | $2.84M | $2.41M | $6.93M | $7.46M | $6.76M | $7.55M | $199K |
| Long-Term Liabilities | ||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $58K | $0 | $0 | $173K | $113K | $458K | $653K | $957K | $1.28M | $960K | $1.81M | $1.11M | $950K | $140K | $296.79M | $394K | $438K | $380K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$203M | $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 | $140K | $203K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $328K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$296.49M | -$103K | $1.54M | $0 |
| Total Long-Term Liabilities | $0 | $0 | $0 | $597.26M | $385K | $377K | $400K | $173K | $113K | $458K | $653K | $957K | $1.42M | $1.16M | $1.81M | $1.11M | $1.05M | $140K | $297K | $394K | $1.98M | $380K |
| Other Liabilities | $0 | $0 | $0 | -$597.26M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $328K | $1.21M | $2.29M | $1.13M | $1.14M | $1.09M | $1.68M | $995K | $1.37M | $2.13M | $2.32M | $3.52M | $4.35M | $3.63M | $4.26M | $3.95M | $3.46M | $7.07M | $7.76M | $7.16M | $9.53M | $579K |
| Stockholders' Equity | ||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $949.68M | $0 |
| Common Stock | $30K | $30K | $30K | $29K | $29K | $31K | $31K | $30K | $32K | $33K | $33K | $33K | $33K | $33K | $33K | $33K | $33K | $37K | $37K | $37K | $14K | $6K |
| Retained Earnings | -$11.45M | -$10.36M | -$11.61M | -$14.06M | -$15.31M | -$16.03M | -$14.27M | -$14.44M | -$14.75M | -$15.23M | -$16.11M | -$16.81M | -$16.94M | -$15.12M | -$15.67M | -$16.07M | -$17.54M | -$17.13M | -$12.23M | -$12.41M | -$4.63M | -$573K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.63M | -$3.16M | -$2.62M | -$2.12M | -$1.71M | -$1.25M | -$1.26M | -$961K | -$668K | -$519K | -$400 | -$362K | -$273K | -$1.44M | $0 |
| Other Stockholders' Equity | $20.15M | $20M | $19.9M | $19.81M | $19.74M | $19.91M | $19.82M | $19.76M | $19.9M | $20.03M | $20M | $19.96M | $19.93M | $19.89M | $19.85M | $19.65M | $19.63M | $19.6M | $18.83M | $18.4M | $6.98M | $34K |
| Total Equity | $8.73M | $9.68M | $8.32M | $5.78M | $4.46M | $3.91M | $5.58M | $5.35M | $5.18M | $4.83M | $3.92M | $3.19M | $3.02M | $4.81M | $4.22M | $3.61M | $2.12M | $2.5M | $6.64M | $6.02M | $2.36M | -$533K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.89M | $963K | $750K | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $9.06M | $10.88M | $10.61M | $6.91M | $5.6M | $5M | $7.26M | $6.34M | $6.55M | $6.97M | $6.24M | $6.71M | $7.37M | $8.44M | $8.47M | $7.56M | $5.58M | $9.58M | $14.39M | $13.18M | $11.89M | $46K |
| Supplementary Data | ||||||||||||||||||||||
| Total Debt | $0 | $0 | $0 | $0 | $440K | $725K | $460K | $231K | $458K | $803K | $925K | $1.88M | $2.65M | $1.67M | $2.95M | $1.85M | $2.12M | $1.27M | $423K | $598K | $2.22M | $380K |
| Net Debt | -$4.63M | -$5.3M | -$6.93M | -$5.55M | -$1.58M | -$1.17M | -$3.14M | -$2.61M | -$1.27M | -$1.39M | $510K | $1.35M | $2.51M | $1.42M | $2.5M | $312K | $1.55M | $943K | -$1.98M | -$584K | $888K | $366K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Operating Activities | ||||||||||||||||||||||
| Net Income | -$1.09M | $1.25M | $2.45M | $1.25M | $726K | -$1.75M | $668K | $312K | $478K | $880K | $695K | $134K | -$1.82M | $550K | $404K | $1.47M | -$411K | -$4.91M | $184K | -$3.34M | -$1.91M | -$573K |
| Depreciation & Amortization | $4K | $16K | $17K | $100K | $129K | $119K | $124K | $472K | $537K | $505K | $569K | $627K | $488K | $398K | $358K | $189K | $148K | $345K | $415K | $1.36M | $466K | $200 |
| 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 |
| Stock-Based Compensation | $101K | $102K | $82K | $72K | $34K | $75K | $34K | $34K | $34K | $34K | $34K | $37K | $33K | $43K | $13K | $19K | $268K | $415K | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | $316K | -$22K | $25K | $635K | $219K | -$747K | -$106K | $241K | -$364K | $1.05M | -$471K | -$423K | $261K | -$227K | -$172K | -$550K | -$28K | $1.41M | -$154K | -$1.68M | -$225K | -$16K |
| Inventory | $7K | -$6K | $12K | $7K | -$79K | $18K | -$10K | -$8K | -$50K | $26K | -$22K | $39K | $157K | -$16K | -$77K | $70K | -$47K | -$78K | -$134K | -$2K | -$4K | $0 |
| Accounts Payable | -$40K | -$478K | $377K | $116K | $150K | -$335K | $49K | -$147K | -$347K | $159K | -$314K | $126K | -$184K | $197K | $338K | $12K | -$488K | -$1.53M | $0 | $0 | $0 | $0 |
| Other Working Capital | $33K | -$1.42M | $394K | $467K | -$60K | $346K | $366K | -$47K | -$243K | -$408K | $465K | -$74K | -$529K | $386K | -$428K | -$7K | $458K | -$790K | $752K | $924K | $719K | $167K |
| Total Working Capital Change | $315K | -$1.93M | $808K | $1.23M | $229K | -$718K | $298K | $39K | -$1M | $825K | -$342K | -$331K | -$295K | $340K | -$340K | -$475K | -$106K | -$992K | $465K | -$761K | $491K | $152K |
| Other Non-Cash Items | $65K | -$44K | -$9K | -$931K | -$305K | $683K | $0 | $0 | $10K | $0 | $34K | $690K | $2.19M | $0 | $715K | $923K | -$487K | $3.02M | $419K | $852K | $3K | $69K |
| Net Cash from Operating | -$604K | -$600K | $3.34M | $1.71M | $814K | -$1.59M | $1.12M | $856K | $53K | $2.24M | $991K | $1.16M | $592K | $1.33M | $1.15M | $2.13M | -$588K | -$2.12M | $1.48M | -$1.89M | -$955K | -$352K |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$6K | -$68K | -$23K | -$16K | -$82K | -$5K | -$175K | -$190K | -$132K | -$75K | -$152K | -$191K | -$759K | -$358K | -$1.08M | -$1.02M | -$472K | -$218K | -$319K | -$208K | -$88K | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$229K | -$229K | $0 | $0 | -$3.95M | $0 |
| Purchases of Investments | -$3.68M | -$3.99M | -$3.39M | $0 | $0 | $0 | $0 | $0 | $0 | -$150K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $3.58M | $3.03M | $852K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $94K | $124K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $168K | $1.44M | $0 | $0 | $87K | $850K | $125K | $30K | $0 | $192K | -$915K | $101K | $65K | $0 | -$676K | $8K | $226K | $200K | -$350K | -$14K |
| Net Cash from Investing | -$103K | -$1.03M | -$2.39M | $1.42M | -$82K | -$5K | -$87K | $660K | -$7K | -$195K | -$152K | $1K | -$1.67M | -$257K | -$923K | -$895K | -$1.38M | -$439K | -$93K | -$8K | -$4.39M | -$14K |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | - | - | - | $107K | -$20K | -$265K | $151K | $226K | $345K | $272K | $405K | $948K | -$603K | -$65K | -$463K | -$103K | -$855K | - | - | - | - | - |
| Common Stock Issuance | $40K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $50 | $50 | $17 | $0 | $0 | $0 | $0 | $0 | $0 | $5.03M | $4.5M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | -$204K | $0 | $0 | -$176K | -$169K | $0 | $0 | $0 | $0 | $0 | -$12K | $0 | $0 | $0 | -$18K | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | -$384K | -$127K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $500K | $0 | $16K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$444K | $0 | $213K | $750K | $0 | $0 | $742K | $0 |
| Net Cash from Financing | $40K | $0 | $0 | $393K | -$184K | -$103K | -$278K | -$402K | -$514K | -$272K | -$955K | -$773K | $978K | -$1.27M | -$1.32M | -$266K | $1.07M | $1.63M | -$172K | $1.75M | $6.66M | $380K |
| Forex Effect | $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 | -$667K | -$1.63M | $955K | $3.53M | $548K | -$1.7M | $759K | $1.11M | -$468K | $1.78M | -$116K | $385K | -$104K | -$202K | -$1.09M | $967K | -$898K | -$928K | $1.22M | -$149K | $1.32M | $14K |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | -$604K | -$600K | $3.34M | $1.71M | $814K | -$1.59M | $1.12M | $856K | $53K | $2.24M | $991K | $1.16M | $592K | $1.33M | $1.15M | $2.13M | -$588K | -$2.12M | $1.48M | -$1.89M | -$955K | -$352K |
| Capital Expenditure | -$6K | -$68K | -$23K | -$16K | -$82K | -$5K | -$175K | -$190K | -$132K | -$75K | -$152K | -$191K | -$759K | -$358K | -$1.08M | -$1.02M | -$472K | -$218K | -$319K | -$208K | -$88K | $0 |
| Free Cash Flow | -$610K | -$668K | $3.32M | $1.7M | $732K | -$1.6M | $949K | $666K | -$79K | $2.17M | $838K | $965K | -$167K | $972K | $69K | $1.11M | -$1.06M | -$2.34M | $1.16M | -$2.1M | -$1.04M | -$352K |
| Cash at Beginning | $5.3M | $6.93M | $5.98M | $2.45M | $1.9M | $3.6M | $2.84M | $1.72M | $2.19M | $415K | $531K | $146K | $250K | $452K | $1.54M | $575K | $1.47M | $2.4M | $1.18M | $330K | $14K | $0 |
| Cash at End | $4.63M | $5.3M | $6.93M | $5.98M | $2.45M | $1.9M | $3.6M | $2.84M | $1.72M | $2.19M | $415K | $531K | $146K | $250K | $452K | $1.54M | $575K | $1.47M | $2.4M | $182K | $1.33M | $14K |