Salazar Resources Ltd (SRLZF)
Salazar Resources Limited, founded in 1987 and headquartered in Vancouver, Canada, operates as an emerging mineral exploration enterprise. The company's core business involves identifying, acquiring, and advancing mineral properties across Latin America, with a strong emphasis on Ecuador. Its exploration endeavors primarily target valuable minerals such as copper, zinc, lead, gold, and silver, in addition to volcanogenic massive sulfide deposits. The flagship project for Salazar Resources is the Curipamba project in Ecuador, which is composed of seven distinct concessions covering an expansive area of approximately 21,500 hectares. Furthermore, the company possesses interests in several other Ecuadorian prospects: The Pijili project in Azuay, which includes three concessions totaling 3,246 hectares. The Macara project, encompassing both the 288-hectare Macara Mina concession and the 1,519-hectare Bonanza mining concession. The Rumiñahui project, featuring two concessions. The Los Osos Project, represented by a single concession spanning 229 hectares. The Santiago Project, also comprising one concession that extends over 2,350 hectares. The Los Santos Concession, a substantial 2,215-hectare property situated in southwest Ecuador. The El Potro project, located in southern Ecuador.
Industry: Other Precious Metals
Salazar Resources Limited
OTC:SRLZFBasic Materials · Other Precious Metals
+10.27%$0.2250
Mkt Cap$60.91M
Float212.36M
O/S270.72M
Inst Own-
SI0.4%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$1.52M
Total Assets$18.11M
Free Cash Flow-$1.48M
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$16.62M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in SRLZF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$18.11M
Liabilities$1.48M
Accounts Receivable$72K
Accounts Payable$0
Inventory$320K
PP&E (Net)$487K
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 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $58K | $505K | $143K | $71K | $71K | $71K | $71K |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -88.5% | 253.9% | 100.0% | 0.0% | 0.0% | 0.0% | - |
| Cost of Revenue | $59K | $74K | $128K | $151K | $108K | $105K | $105K | $63K | $52K | $48K | $75K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $65K | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | -$59K | -$74K | -$128K | -$151K | -$108K | -$105K | -$105K | -$63K | -$52K | -$48K | -$75K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $58K | $440K | $143K | $71K | $71K | $71K | $71K |
| Gross Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 100.0% | 87.1% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $85K | $105K | $112K | $0 | $0 | $0 | $10K | $9K | $9K | $11K | $37K | $133K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.01M | $1.25M | $926K | $774K | $1.14M | $915K | $1.56M | $942K | $1.06M | $1.22M | $557K | $724K | $776K | $1.1M | $1.83M | $2.23M | $1.25M | $1.13M | $2.37M | $138K | $91K | $74K | $66K | $177K | $280K | $176K | $214K | $143K | $143K | $428K |
| Other | $436K | $741K | $876K | $305K | -$52K | -$77K | $63K | $638K | $350K | $0 | $0 | $0 | $0 | $0 | $0 | $185K | -$88K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$35K | $0 | $0 | -$143K | $0 |
| Total Operating Expenses | $1.45M | $1.25M | $926K | $1.16M | $1.19M | $951K | $1.62M | $1.35M | $1.33M | $1.34M | $641K | $813K | $1.05M | $1.49M | $2.39M | $2.71M | $1.7M | $1.76M | $2.4M | $143K | $93K | $74K | $66K | $6.38M | $574K | $191K | $214K | $285K | $428K | $428K |
| Operating Income (EBIT) | -$1.51M | -$1.25M | -$926K | -$1.11M | -$1.14M | -$921K | -$2.02M | -$3.08M | -$1.02M | -$1.29M | -$640K | -$810K | -$922K | -$1.49M | -$3.19M | -$2.71M | -$1.67M | -$1.68M | -$2.4M | -$143K | -$93K | -$74K | -$66K | -$6.32M | -$134K | $664K | $570K | -$285K | $927K | -$1.07M |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -10939.9% | -26.6% | 465.8% | 800.0% | -400.0% | 1300.0% | -1500.0% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $46K | $132K | $26K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $28K | $38K | $48K | $22K | $16K | $22K | $70K | $29K | $9K | $55K | $266 | $3K | $2K | $13K | $28K | $14K | $12K | $146K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$13K | -$1.91M | -$3.12M | -$1.67M | $3.25M | $210K | $0 | $2.26M | $200K | $451K | -$1.36M | -$137K | -$260K | $5K | $1.63M | $185K | -$118K | -$80K | -$301K | $6K | -$1K | $9K | $21K | $6K | -$78K | -$35K | $0 | $71K | -$143K | -$285K |
| Income Before Tax (EBT) | -$1.52M | -$3.16M | -$4.05M | -$2.78M | $1.94M | -$711K | -$941K | $932K | -$1.11M | -$836K | -$2M | -$875K | -$1.18M | -$1.48M | -$1.56M | -$2.52M | -$1.79M | -$1.76M | -$2.7M | -$137K | -$94K | -$66K | -$46K | -$6.32M | -$212K | -$84K | -$214K | -$214K | -$499K | -$642K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.7M | $350K | $0 | $0 | $26K | $1K | $13K | $191K | -$14K | $18K | $390K | -$201K | $0 | $0 | $0 | $0 | -$35K | -$3K | $703K | $713K | $0 | $1.28M | -$713K |
| Net Income | -$1.52M | -$3.16M | -$4.05M | -$2.78M | $1.94M | -$711K | -$941K | $932K | -$1.11M | -$836K | -$2M | -$875K | -$1.18M | -$1.5M | -$1.75M | -$2.51M | -$1.8M | -$2.15M | -$2.5M | -$137K | -$94K | -$66K | -$46K | -$6.28M | -$209K | -$786K | -$927K | -$214K | -$1.78M | $71K |
| Net Income Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -10868.9% | -41.5% | -551.5% | -1300.0% | -300.0% | -2500.0% | 100.0% |
| Supplementary Data | ||||||||||||||||||||||||||||||
| EPS | -0.01 | -0.02 | -0.03 | -0.03 | 0.02 | -0.01 | -0.01 | 0.01 | -0.01 | -0.01 | -0.04 | -0.02 | -0.03 | -0.05 | -0.06 | -0.10 | -0.09 | -0.10 | -0.16 | -0.16 | -0.13 | -0.10 | -0.07 | -10.01 | -0.34 | -1.50 | -2.10 | -0.60 | -4.80 | 0.19 |
| Diluted EPS | -0.01 | -0.02 | -0.03 | -0.03 | 0.02 | -0.01 | -0.01 | 0.01 | -0.01 | -0.01 | -0.04 | -0.02 | -0.03 | -0.05 | -0.06 | -0.10 | -0.09 | -0.10 | -0.16 | -0.16 | -0.13 | -0.10 | -0.07 | -10.01 | -0.34 | -1.50 | -2.10 | -0.60 | -4.80 | 0.19 |
| Weighted Average OS | 225.69M | 217.22M | 183.85M | 155.23M | 145.70M | 127.09M | 126.48M | 121.64M | 114.15M | 96.01M | 63.50M | 59.37M | 51.06M | 45.90M | 39.92M | 34.60M | 29.06M | 28.89M | 21.83M | 1.20M | 1.05M | 898,255 | 881,732 | 880,685 | 874,193 | 736,100 | 619,048 | 500,000 | 520,833 | 512,934 |
| EBITDA | -$1.68M | -$2.46M | -$2.07M | -$3.15M | -$1.88M | -$702K | -$1.27M | -$671K | -$960K | -$1.27M | -$566K | -$738K | -$968K | -$1.43M | -$3.15M | -$2.66M | -$1.64M | -$1.63M | -$2.37M | -$143K | -$93K | -$74K | -$66K | -$124K | $142K | -$45K | -$214K | -$285K | -$356K | -$356K |
| EBITDA Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -214.3% | 28.1% | -31.6% | -300.0% | -400.0% | -500.0% | -500.0% |
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 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Assets | ||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $1.42M | $454K | $434K | $1.54M | $2.65M | $959K | $2.91M | $1.98M | $545K | $1.17M | $31K | $35K | $127K | $91K | $485K | $5.02M | $4.22M | $4.52M | $7.57M | $1.15M | $4K | $3K | $4K | $12K | $74K | $331K | $71K | $499K | $214K | $570K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11K | $13K | $0 | $0 | $143K | $499K |
| Cash and Short-Term Investments | $1.42M | $454K | $434K | $1.54M | $2.65M | $959K | $2.91M | $4.02M | $545K | $1.17M | $31K | $35K | $127K | $91K | $485K | $5.02M | $4.22M | $4.52M | $7.57M | $1.15M | $4K | $3K | $4K | $12K | $85K | $343K | $71K | $499K | $356K | $1.07M |
| Accounts Receivable | $72K | $123K | $480K | $667K | $383K | $180K | $88K | $173K | $75K | $0 | $0 | $0 | $0 | $11K | $22K | $163K | $80K | $50K | $13K | $5K | $2K | $2K | $1K | $45K | $276K | $7K | $0 | $0 | $0 | $0 |
| Inventory | $320K | $337K | $320K | $411K | $445K | $674K | $284K | $109K | $513K | $0 | $0 | $43K | $38K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $381K | $87K | $591K | $524K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $71K | $0 | $0 |
| Total Current Assets | $1.93M | $1.02M | $1.28M | $2.73M | $3.68M | $2.9M | $3.72M | $5.19M | $1.19M | $1.2M | $80K | $82K | $171K | $217K | $594K | $5.2M | $4.31M | $4.58M | $7.68M | $1.16M | $6K | $4K | $5K | $57K | $362K | $350K | $71K | $570K | $356K | $1.07M |
| Long-Term Assets | ||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $487K | $4.76M | $5.43M | $6.03M | $6.37M | $15.7M | $15M | $11.5M | $11.9M | $12.39M | $13.54M | $14.28M | $13.59M | $12.73M | $11.47M | $7.53M | $5.35M | $4.43M | $3.37M | $0 | $0 | $0 | $0 | $0 | $7.74M | $5.23M | $3.85M | $2.35M | $2M | $3.28M |
| 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 | $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 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $9.85M | $10.18M | $10.28M | $12.11M | $10.75M | $0 | $0 | $0 | $3K | $3K | $2K | $3K | $4K | $36K | $143K | $1.01M | $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 | $0 | $0 | $0 |
| Other Long-Term Assets | $5.85M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $71K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $71K | -$71K | $71K | $0 |
| Total Long-Term Assets | $16.18M | $14.94M | $15.71M | $18.14M | $17.12M | $15.7M | $15M | $11.5M | $11.9M | $12.4M | $13.54M | $14.28M | $13.6M | $12.77M | $11.62M | $8.61M | $5.35M | $4.43M | $3.37M | $142K | $0 | $0 | $0 | $0 | $7.74M | $5.23M | $3.92M | $2.28M | $2.07M | $3.28M |
| 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 | $0 | $0 | $0 |
| Total Assets | $18.11M | $15.96M | $16.99M | $20.87M | $20.8M | $18.6M | $18.72M | $16.69M | $13.1M | $13.6M | $13.62M | $14.37M | $13.77M | $12.99M | $12.21M | $13.8M | $9.66M | $9.01M | $11.04M | $1.3M | $6K | $4K | $5K | $57K | $8.1M | $5.58M | $3.99M | $2.85M | $2.42M | $4.35M |
| Liabilities | ||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||
| Accounts Payable | $0 | $168K | $229K | $355K | $218K | $1.42M | $276K | $1.03M | $281K | $150K | $670K | $403K | $215K | $305K | $181K | $202K | $0 | $0 | $335K | $107K | $177K | $145K | $171K | $176K | $181K | $98K | $71K | $71K | $143K | $71K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $138 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $439K | $0 | $863K | $265K | $138K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $1.48M | $25K | $98K | $86K | $287K | $111K | $205K | $0 | $507K | $0 | $0 | $265K | $399K | $0 | $0 | $0 | $0 | $0 | $0 | -$70K | $0 | $0 | $0 | $0 | $1.76M | $0 | $0 | $0 | $0 | $214K |
| Total Current Liabilities | $1.48M | $193K | $327K | $442K | $287K | $1.61M | $536K | $1.22M | $789K | $183K | $2.08M | $883K | $537K | $316K | $181K | $202K | $155K | $90K | $335K | $158K | $251K | $195K | $171K | $176K | $1.94M | $98K | $71K | $71K | $143K | $285K |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||
| Long-Term Debt | $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 | $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 | $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 | $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 | $1.15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.15M | $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 | $0 | $0 | $0 |
| Total Liabilities | $1.48M | $193K | $327K | $442K | $287K | $1.61M | $536K | $1.22M | $789K | $183K | $2.08M | $883K | $537K | $316K | $181K | $202K | $155K | $90K | $335K | $1.31M | $251K | $195K | $171K | $176K | $1.94M | $98K | $71K | $71K | $143K | $285K |
| 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 | $0 | $0 | $0 |
| Common Stock | $39.42M | $37.22M | $35.57M | $35.24M | $33.37M | $28M | $27.9M | $27.9M | $26.85M | $26.85M | $24.7M | $25K | $24K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$28.45M | -$27.1M | -$23.8M | -$19.75M | -$16.97M | -$18.91M | -$18.2M | -$17.26M | -$18.15M | -$17.04M | -$16.21M | -$14.2M | -$13.33M | -$12.14M | -$10.65M | -$9.11M | -$6.6M | -$4.8M | -$2.65M | -$14.04M | -$13.91M | -$13.81M | -$13.75M | -$13.7M | -$7.42M | -$7.21M | -$6.42M | -$5.49M | -$5.28M | -$3.49M |
| Comprehensive Income & Other | $5.66M | $811K | $424K | $686K | $68K | $3.77M | $4.33M | $1.13M | -$42K | $3.61M | $3.05M | $2.98M | $2.98M | $2.99M | $3.19M | $823K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $285K | $0 | $0 | $0 |
| Other Stockholders' Equity | $5.66M | $5.65M | $4.89M | $4.94M | $4.11M | $7.9M | $8.49M | $4.83M | $3.61M | $3.61M | $3.05M | $27.66M | $26.53M | $24.81M | $22.68M | $22.71M | $16.1M | $13.71M | $13.36M | $14.03M | $13.66M | $13.62M | $13.58M | $13.58M | $13.57M | $12.69M | $10.34M | $8.27M | $7.56M | $7.56M |
| Total Equity | $16.62M | $15.76M | $16.66M | $20.43M | $20.51M | $16.99M | $18.18M | $15.46M | $12.31M | $13.42M | $11.54M | $13.48M | $13.23M | $12.67M | $12.03M | $13.6M | $9.5M | $8.92M | $10.71M | -$9K | -$245K | -$191K | -$165K | -$120K | $6.15M | $5.48M | $3.92M | $2.78M | $2.28M | $4.06M |
| 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 | $0 | $0 | $0 |
| Total Liabilities and Equity | $18.11M | $15.96M | $16.99M | $20.87M | $20.8M | $18.6M | $18.72M | $16.69M | $13.1M | $13.6M | $13.62M | $14.37M | $13.77M | $12.99M | $12.21M | $13.8M | $9.66M | $9.01M | $11.04M | $1.3M | $6K | $4K | $5K | $57K | $8.1M | $5.58M | $3.99M | $2.85M | $2.42M | $4.35M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Total Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $718K | $204 | $138 | $0 | $0 | $0 | $0 | $0 | $0 | $64K | $74K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$1.42M | -$454K | -$434K | -$1.54M | -$2.65M | -$959K | -$2.91M | -$1.98M | -$545K | -$1.17M | $687K | -$35K | -$127K | -$91K | -$485K | -$5.02M | -$4.22M | -$4.52M | -$7.57M | -$1.09M | $70K | -$3K | -$4K | -$12K | -$74K | -$331K | -$71K | -$499K | -$214K | -$570K |
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 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | -$1.52M | -$3.31M | -$4.05M | -$2.78M | $1.94M | -$711K | -$941K | $932K | -$1.11M | -$836K | -$2M | -$875K | -$1.18M | -$1.5M | -$1.75M | -$2.51M | -$1.8M | -$2.15M | -$2.5M | -$137K | -$94K | -$66K | -$46K | -$6.28M | -$209K | -$786K | -$927K | -$214K | -$1.78M | $71K |
| Depreciation & Amortization | $59K | $74K | $128K | $151K | $139K | $105K | $105K | $116K | $52K | $48K | $75K | $51K | $70K | $60K | $43K | $45K | $31K | $44K | $26K | $0 | $0 | $0 | $0 | $6.2M | $276K | $4K | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | -$1.36M | $0 | $0 | $0 | -$63K | $0 | $0 | $1K | $13K | $191K | $0 | $0 | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $461K | $252K | $212K | $200K | $25K | $368K | $43 | $0 | $563 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||
| Accounts Receivable | $51K | $380K | $175K | -$431K | $20K | -$83K | -$58K | -$97K | -$69K | -$6K | -$728 | $4K | $4K | $12K | $61K | -$83K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $994 | $10K | $83K | $62K | $224K | -$710K | $0 | $0 | $0 | $0 | $0 | $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 | -$694K | $693K | $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 | $90K | -$207K | -$47K | $411K | $43K | -$184K | -$115K | $17K | $171K | -$519K | $551K | $157K | $204K | $48K | $20K | $26K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$71K |
| Total Working Capital Change | $141K | $182K | $212K | $41K | -$407K | -$284K | -$172K | -$80K | $102K | -$525K | $551K | $160K | $208K | $60K | $81K | -$57K | -$29K | $39K | -$163K | -$86K | $32K | $24K | $38K | $227K | -$187K | $12K | $0 | $0 | $0 | -$71K |
| Other Non-Cash Items | $226K | $1.63M | $3.1M | $2.54M | -$2.99M | $1.36M | -$333K | -$1.62M | $181K | -$17K | $1.36M | $37K | $118K | $0 | -$822K | -$187K | $30K | $613K | $1.47M | $27K | $17K | $20K | $0 | -$4K | $2K | $715K | $713K | -$71K | $1.57M | $0 |
| Net Cash from Operating | -$1.09M | -$958K | -$353K | $161K | -$1.11M | -$865K | -$973K | -$654K | -$956K | -$766K | -$20K | -$626K | -$787K | -$1.37M | -$1.7M | -$1.71M | -$1.36M | -$1.16M | -$1.17M | -$196K | -$45K | -$22K | -$8K | $140K | -$118K | -$56K | -$214K | -$285K | -$214K | -$356K |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | -$734K | -$545K | -$848K | -$1.78M | -$2.49M | -$1.09M | -$785K | -$413K | -$2.17M | -$1.26M | -$483K | -$305K | -$1.1M | -$1.27M | -$3.85M | -$2.19M | -$1.02M | -$1.97M | -$2.23M | $0 | $0 | $0 | $0 | -$226K | -$2.79M | -$2.07M | -$2.28M | -$570K | -$71K | -$784K |
| Acquisitions | $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 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$121K | -$1.43M | $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 | -$784K |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $2.3M | $0 | $0 | $2.21M | $0 | $0 | $8K | $0 | $966K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15K | $0 | $0 | $0 | $71K | $143K | $1.57M |
| Other Investing Activities | $497K | $0 | $0 | $0 | $223K | $239K | $306K | $1.45M | $2.5M | $2.21M | $0 | $0 | $33K | $0 | $11K | $0 | $0 | $10K | $0 | -$121K | $0 | $0 | $0 | $0 | $1.76M | $2K | $0 | $356K | -$71K | $0 |
| Net Cash from Investing | -$237K | -$545K | -$969K | -$3.21M | -$2.26M | -$855K | $1.82M | $1.04M | $331K | $946K | -$483K | -$305K | -$1.05M | -$1.27M | -$2.87M | -$2.19M | -$1.02M | -$1.96M | -$2.23M | -$121K | $0 | $0 | $0 | -$211K | -$1.02M | -$2.07M | -$2.28M | -$143K | $71K | $0 |
| Financing Activities | ||||||||||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $15K | -$22K | -$39K | - | - | - | - | - | - | $214K | -$214K |
| Common Stock Issuance | $2.24M | $1.57M | $291K | $1.88M | $5.1M | $60K | $0 | $1.05M | $0 | $953K | $0 | $596K | $1.83M | $2.25M | $33K | $5.02M | $2.14M | $61K | $10.77M | $350K | $25K | $20K | $0 | $9K | $883K | $2.38M | $2M | $713K | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$19K | $0 | -$302K | -$61K | $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 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$9K | $0 | -$14K | -$293K | $0 | $0 | $0 | $0 | $6K | $499K | $244K | $50K | $11K | $0 | -$302K | $0 | $0 | $193K | $1.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $2.24M | $1.56M | $291K | $1.87M | $4.8M | $60K | $0 | $1.05M | $0 | $960K | $499K | $840K | $1.88M | $2.25M | $33K | $4.71M | $2.08M | $61K | $10.96M | $1.47M | $47K | $20K | $0 | $9K | $883K | $2.38M | $2M | $713K | -$214K | $214K |
| Forex Effect | $64K | -$37K | -$78K | $71K | $264K | -$288K | $78K | $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 | $972K | $19K | -$1.11M | -$1.11M | $1.69M | -$1.95M | $923K | $1.44M | -$625K | $1.14M | -$4K | -$92K | $35K | -$393K | -$4.54M | $808K | -$305K | -$3.05M | $7.56M | $1.15M | $2K | -$1K | -$8K | -$62K | -$256K | $252K | -$428K | $285K | -$356K | -$71K |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Operating Cash Flow | -$1.09M | -$958K | -$353K | $161K | -$1.11M | -$865K | -$973K | -$654K | -$956K | -$766K | -$20K | -$626K | -$787K | -$1.37M | -$1.7M | -$1.71M | -$1.36M | -$1.16M | -$1.17M | -$196K | -$45K | -$22K | -$8K | $140K | -$118K | -$56K | -$214K | -$285K | -$214K | -$356K |
| Capital Expenditure | -$390K | -$545K | -$848K | -$1.78M | -$2.49M | -$1.09M | -$785K | -$413K | -$2.17M | -$1.26M | -$483K | -$305K | -$1.1M | -$1.27M | -$3.85M | -$2.19M | -$1.02M | -$1.97M | -$2.23M | $0 | $0 | $0 | $0 | -$226K | -$2.79M | -$2.07M | -$2.28M | -$570K | -$71K | -$784K |
| Free Cash Flow | -$1.48M | -$1.5M | -$1.2M | -$1.62M | -$3.6M | -$1.96M | -$1.76M | -$1.07M | -$3.13M | -$2.03M | -$503K | -$931K | -$1.88M | -$2.64M | -$5.55M | -$3.91M | -$2.38M | -$3.12M | -$3.4M | -$196K | -$45K | -$22K | -$8K | -$86K | -$2.9M | -$2.13M | -$2.49M | -$855K | -$285K | -$1.14M |
| Cash at Beginning | $454K | $434K | $1.54M | $2.65M | $959K | $2.91M | $1.98M | $545K | $1.17M | $31K | $35K | $127K | $91K | $485K | $5.02M | $4.22M | $4.52M | $7.57M | $13K | $4K | $3K | $4K | $12K | $74K | $331K | $79K | $499K | $214K | $570K | $642K |
| Cash at End | $1.42M | $454K | $434K | $1.54M | $2.65M | $959K | $2.91M | $1.98M | $545K | $1.17M | $31K | $35K | $127K | $91K | $485K | $5.02M | $4.22M | $4.52M | $7.57M | $1.15M | $4K | $3K | $4K | $12K | $74K | $331K | $71K | $499K | $214K | $570K |