SILVER SPRUCE RESOURCES INC. (SSEBF)
Silver Spruce Resources Inc. (SSEBF) operates as a junior exploration company, actively seeking valuable precious and base minerals. Its core focus lies in the exploration for resources such as copper, zinc, lead, silver, gold, and rare earth elements. The company boasts 100% ownership of the Pino de Plata project in the southwestern corner of Chihuahua, Mexico, as well as the Melchett Lake project, situated within Northern Ontario's Thunder Bay mining district in Canada. Furthermore, Silver Spruce has an agreement in place to acquire a 50% interest in three Mexican projects located in Sonora: Jackie Gold, El Mezquite, and Diamante. It also fully owns the Mystery, Marilyn, and Till properties located near Grand Falls, Newfoundland, Canada. Incorporated in 1996, the company was formerly known as First Labrador Acquisitions Inc., adopting its current name, Silver Spruce Resources Inc., in October 2004. Its corporate headquarters are located in Bedford, Canada.
Industry: Industrial Materials
Silver Spruce Resources Inc.
OTC:SSEBFBasic Materials · Industrial Materials
+11.69%$0.0417
Mkt Cap$1.54M
Float33.75M
O/S37.05M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$271K
Total Assets$27K
Free Cash Flow-$54K
Debt & Equity
Total Debt$42K
Total Equity-$432K
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
2-year cumulative
1:15
Nasdaq bars a compliance period at 1:250
- 1:15Reverse splitNov 4, 202515 shares → 1
- 1:10Reverse splitOct 20, 201410 shares → 1
Balance Sheet Details
Assets$27K
Liabilities$459K
Accounts Receivable$9K
Accounts Payable$0
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 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | 1998-10-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $78K | $35K | $200K | $302K | $184K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 121.7% | -82.3% | -33.9% | 64.0% | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $0 | $0 | $14K | $14K | $13K | $0 | $0 | $530 | $2K | $2K | $8K | $0 | $4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $0 | $0 | -$14K | -$14K | -$13K | $0 | $0 | -$530 | -$2K | -$2K | -$8K | $0 | -$4 | $0 | $78K | $35K | $200K | $302K | $184K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 100.0% | 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 | $0 | $0 |
| Selling, General, and Administrative | $288K | $662K | $686K | $346K | $529K | $556K | $387K | $282K | $478K | $521K | $106K | -$181K | $217K | $436K | $930K | $634K | $892K | $1.9M | $2.62M | $836K | $231K | $115K | $72K | $20K | $34K | $20K | $71K | $94K |
| Other | $0 | $0 | $13K | $733K | $1.1M | $111K | $267K | $0 | $0 | $0 | $0 | $0 | $0 | $44K | $322K | $0 | $0 | -$110K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $288K | $662K | $700K | $1.08M | $1.63M | $667K | $653K | $304K | $675K | $923K | $1.59M | $107K | $232K | $462K | $1.38M | $968K | $1.11M | $1.93M | $2.65M | $837K | $232K | $115K | $78K | $20K | $110K | $88K | $314K | $336K |
| Operating Income (EBIT) | -$288K | -$662K | -$686K | -$1.05M | -$1.65M | -$667K | -$653K | -$366K | -$675K | -$923K | -$1.59M | -$718K | -$904K | -$2.57M | -$1.16M | $1.9M | $4.92M | $1.88M | -$2.46M | -$837K | -$232K | -$115K | -$78K | -$20K | -$110K | -$88K | -$314K | -$336K |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1487.0% | 5370.0% | 2462.5% | 622.4% | -1336.1% | - | - | - | - | - | - | - | - | - |
| Interest Expense | $7K | $5 | $456 | $1K | $2K | $0 | $20K | $59K | $19K | $9K | $5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8K | $0 | $0 | $0 | $30 | $11K | $251K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $17K | -$24K | -$64K | -$48K | -$54K | $109K | -$24K | -$208K | -$33K | $1.34M | -$32K | -$586K | -$12K | $43K | -$273K | -$2.83M | -$5.83M | -$2.16M | -$9K | $1.77M | $136K | $0 | $12K | -$2K | -$26K | $20K | $714 | $0 |
| Income Before Tax (EBT) | -$271K | -$686K | -$751K | -$1.1M | -$1.7M | -$558K | -$659K | -$498K | -$707K | $419K | -$1.61M | -$723K | -$887K | -$2.53M | -$1.44M | -$3.76M | -$6.74M | -$5.25M | -$2.47M | $934K | -$96K | $0 | -$65K | -$22K | -$136K | -$68K | -$313K | $0 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $20K | $59K | $0 | $0 | $5K | $615K | -$102K | $0 | -$450K | -$145K | -$60K | -$1.2M | -$152K | -$643K | $286 | $0 | $0 | $9K | $493 | $373 | $2K | $153 |
| Net Income | -$271K | -$686K | -$751K | -$1.1M | -$1.7M | -$558K | -$659K | -$498K | -$707K | $419K | -$1.61M | -$723K | -$785K | -$2.53M | -$987K | -$3.62M | -$6.68M | -$4.05M | -$2.32M | -$291K | -$96K | -$115K | -$65K | -$31K | -$137K | -$69K | -$315K | -$336K |
| Net Income Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1260.9% | -10244.7% | -3343.5% | -1340.2% | -1258.5% | - | - | - | - | - | - | - | - | - |
| Supplementary Data | ||||||||||||||||||||||||||||
| EPS | -0.02 | -0.05 | -0.06 | -0.12 | -0.22 | -0.11 | -0.17 | -0.16 | -0.31 | 0.30 | -2.10 | -1.36 | -1.48 | -4.95 | -2.10 | -11.25 | -28.05 | -18.00 | -17.55 | -3.60 | -3.45 | -5.25 | -3.15 | -34.80 | -158.25 | -81.30 | -379.65 | -517.95 |
| Diluted EPS | -0.02 | -0.05 | -0.06 | -0.12 | -0.22 | -0.11 | -0.17 | -0.16 | -0.31 | 0.30 | -2.10 | -1.36 | -1.48 | -4.95 | -2.10 | -11.25 | -28.05 | -18.00 | -17.55 | -3.15 | -3.45 | -5.10 | -3.15 | -34.80 | -158.25 | -81.30 | -379.65 | -517.95 |
| Weighted Average OS | 21.60M | 20.30M | 16.63M | 12.74M | 10.87M | 7.25M | 5.41M | 4.37M | 3.20M | 1.91M | 1.11M | 746,904 | 745,321 | 722,292 | 682,224 | 453,588 | 333,842 | 316,457 | 185,182 | 114,409 | 38,334 | 30,354 | 28,977 | 12,471 | 12,119 | 11,869 | 11,633 | 9,099 |
| EBITDA | -$288K | -$662K | -$686K | -$1.05M | -$1.63M | -$724K | -$639K | -$365K | -$642K | -$873K | -$1.59M | $510K | $438K | $1.67M | -$1.14M | -$906K | -$880K | -$3.05M | -$2.44M | -$826K | -$231K | -$114K | -$76K | -$18K | -$107K | -$84K | -$310K | -$332K |
| EBITDA Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1461.3% | -2565.2% | -440.4% | -1009.9% | -1321.1% | - | - | - | - | - | - | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | 1998-10-31 |
| Assets | ||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $7K | $2K | $269K | $158K | $840K | $908K | $111K | $6K | $28K | $101K | $8K | $83K | $23K | $93K | $623K | $154K | $20K | $1.29M | $2.46M | $2.54M | $32K | $324 | $380 | $111 | $0 | $239 | $14K | $10K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10K | $68K | $43K | $10K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $7K | $2K | $269K | $158K | $840K | $908K | $111K | $6K | $28K | $101K | $8K | $83K | $23K | $102K | $691K | $197K | $30K | $1.29M | $2.46M | $2.54M | $32K | $324 | $380 | $111 | $0 | $239 | $14K | $10K |
| Accounts Receivable | $9K | $7K | $21K | $87K | $144K | $44K | $22K | $6K | $6K | $4K | $4K | $7K | $2K | $12K | $35K | $34K | $213K | $107K | $1.7M | $411K | $13K | $30K | $4K | $2K | $2K | $2K | $7K | $53K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $18K | $26K | $24K | $0 | $0 | $0 | $33K | $21K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10K | $0 | $0 | $0 | $0 | $207K | $0 | $0 | $0 | $0 | $0 | $0 | $143 | $13K | $8K |
| Total Current Assets | $27K | $80K | $292K | $260K | $1.02M | $1.01M | $193K | $36K | $107K | $116K | $13K | $108K | $51K | $148K | $785K | $242K | $267K | $1.81M | $4.39M | $2.95M | $45K | $30K | $4K | $3K | $2K | $3K | $34K | $71K |
| Long-Term Assets | ||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $1K | $15K | $29K | $0 | $0 | $707K | $776K | $3K | $7K | $35K | $629K | $1.35M | $2.96M | $2.11M | $4.65M | $9.68M | $4.05M | $747K | $174K | $143K | $114K | $115K | $117K | $122K | $107K | $78K |
| 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 |
| 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 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $241 | $241 | $241 | $12K | $9K | $7K | $10K | $9K | $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 | $111K | $643K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $852 | $852 | $852 | $1K | $0 | $181K | $130K | $0 | $0 | $212K | $179K | $0 | $0 | $0 | $0 | $902 | $2K | $3K |
| Total Long-Term Assets | $0 | $0 | $1K | $15K | $29K | $0 | $0 | $707K | $776K | $3K | $8K | $36K | $630K | $1.36M | $2.97M | $2.3M | $4.79M | $9.68M | $4.16M | $1.6M | $353K | $143K | $114K | $115K | $117K | $122K | $108K | $81K |
| 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 |
| Total Assets | $27K | $80K | $293K | $275K | $1.05M | $1.01M | $193K | $743K | $883K | $119K | $21K | $145K | $682K | $1.51M | $3.75M | $2.54M | $5.06M | $11.49M | $8.55M | $4.55M | $399K | $173K | $118K | $118K | $119K | $125K | $143K | $152K |
| Liabilities | ||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||
| Accounts Payable | $0 | $180K | $93 | $188K | $159K | $33K | $0 | $0 | $0 | $0 | $0 | $360K | $244K | $209K | $0 | $0 | $0 | $0 | $600K | $112K | $92K | $79K | $21K | $51K | $49K | $17K | $22K | $60K |
| Short-Term Debt | $42K | $0 | $0 | $0 | $0 | $0 | $62K | $524K | $422K | $61K | $63K | $53K | $21K | $0 | $0 | $4K | $6K | $6K | $0 | $0 | $0 | $0 | $0 | $0 | $536 | $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 |
| Current Unearned Revenue | $0 | $0 | $0 | -$187 | -$159 | $0 | -$160 | -$120 | -$92 | -$86 | -$118 | -$53K | -$21K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $331K | $25K | $151K | $50K | $34K | $27K | $415K | $334K | $269K | $207K | $849K | -$33K | -$21K | $0 | $122K | $267K | $221K | $403K | $0 | $0 | $0 | $0 | $0 | $109K | $80K | $27K | $0 | $0 |
| Total Current Liabilities | $459K | $252K | $152K | $252K | $207K | $60K | $478K | $858K | $692K | $269K | $913K | $380K | $266K | $209K | $122K | $271K | $228K | $409K | $606K | $118K | $92K | $79K | $21K | $160K | $130K | $47K | $25K | $63K |
| Long-Term Liabilities | ||||||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $20K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4K | $11K | $17K | $23K | $0 | $0 | $0 | $0 | $0 | $0 | $3K | $7K |
| 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 |
| 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 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $801K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $0 | $0 | $1K | $16K | $20K | $0 | $0 | $0 | $0 | $801K | $0 | $0 | $0 | $0 | $0 | $4K | $11K | $17K | $23K | $0 | $0 | $0 | $0 | $0 | $0 | $3K | $7K |
| 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 |
| Total Liabilities | $459K | $252K | $152K | $253K | $222K | $80K | $478K | $858K | $692K | $269K | $1.71M | $380K | $266K | $209K | $122K | $271K | $232K | $420K | $623K | $142K | $92K | $79K | $21K | $160K | $130K | $47K | $28K | $70K |
| 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 |
| Common Stock | $24.63M | $24.62M | $24.36M | $23.9M | $23.72M | $22.66M | $21.55M | $21.27M | $21.18M | $20.37M | $19.7M | $20K | $20K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$33.41M | -$33.14M | -$32.46M | -$31.71M | -$30.61M | -$28.91M | -$28.35M | -$27.69M | -$27.19M | -$26.48M | -$26.9M | -$25.29M | -$24.57M | -$23.78M | -$19.13M | -$18.14M | -$14.52M | -$7.84M | -$3.79M | -$1.47M | -$1.18M | -$1.08M | -$966K | -$901K | -$870K | -$733K | -$665K | -$350K |
| Comprehensive Income & Other | $8.35M | $7.75M | $8.23M | $6.62M | $6.42M | $7.18M | $6.52M | $6M | $6.2M | $5.97M | $5.51M | $5.47M | $5.45M | $5.55M | $5.53M | $5.01M | $0 | $0 | $1.11M | $1.27M | $74K | $31K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $8.35M | $8.35M | $8.23M | $7.83M | $7.72M | $7.18M | $6.52M | $6.3M | $6.2M | $5.97M | $5.51M | $25.03M | $24.96M | $25.08M | $22.76M | $20.41M | $19.35M | $18.91M | $11.71M | $5.88M | $1.48M | $1.17M | $1.06M | $859K | $859K | $811K | $779K | $432K |
| Total Equity | -$432K | -$173K | $141K | $22K | $828K | $934K | -$284K | -$115K | $191K | -$150K | -$1.69M | -$235K | $416K | $1.3M | $3.63M | $2.27M | $4.83M | $11.07M | $7.92M | $4.41M | $306K | $94K | $96K | -$42K | -$11K | $78K | $114K | $82K |
| 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 |
| Total Liabilities and Equity | $27K | $80K | $293K | $275K | $1.05M | $1.01M | $193K | $743K | $883K | $119K | $21K | $145K | $682K | $1.51M | $3.75M | $2.54M | $5.06M | $11.49M | $8.55M | $4.55M | $399K | $173K | $118K | $118K | $119K | $125K | $143K | $152K |
| Supplementary Data | ||||||||||||||||||||||||||||
| Total Debt | $42K | $0 | $1K | $16K | $29K | $20K | $62K | $524K | $422K | $61K | $63K | $53K | $21K | $0 | $0 | $4K | $11K | $17K | $23K | $30K | $0 | $0 | $0 | $0 | $536 | $3K | $7K | $10K |
| Net Debt | $34K | -$2K | -$268K | -$143K | -$811K | -$888K | -$49K | $518K | $395K | -$40K | $55K | -$30K | -$2K | -$93K | -$623K | -$150K | -$10K | -$1.27M | -$2.44M | -$2.51M | -$32K | -$324 | -$380 | -$111 | $536 | $3K | -$7K | $451 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | 1998-10-31 |
| Operating Activities | ||||||||||||||||||||||||||||
| Net Income | -$271K | -$686K | -$751K | -$1.1M | -$1.7M | -$558K | -$659K | -$498K | -$707K | $419K | -$1.61M | -$723K | -$785K | -$2.53M | -$987K | -$3.62M | -$6.68M | -$4.05M | -$2.32M | -$291K | -$91K | -$115K | -$78K | -$31K | -$137K | -$69K | -$315K | -$336K |
| Depreciation & Amortization | $0 | $1K | $14K | $14K | $13K | $0 | $530 | $530 | $2K | $2K | $8K | $10K | $15K | $21K | $20K | $27K | $30K | $33K | $28K | $10K | $1K | $1K | $2K | $2K | $3K | $4K | $4K | $4K |
| Deferred Income Tax | $0 | $0 | $0 | $2K | -$2K | $0 | $0 | $69K | $44K | -$1.3M | $31K | $0 | -$102K | $0 | -$450K | -$145K | -$65K | -$1.2M | -$152K | -$643K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $3K | $33K | $101K | $102K | $0 | $1K | $33K | $235K | $1K | $0 | $0 | $0 | $407K | $162K | $225K | $800K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||
| Accounts Receivable | -$2K | $14K | $66K | $58K | -$100K | -$22K | -$16K | $431 | -$2K | -$374 | $3K | $0 | $0 | $0 | $0 | $0 | $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 | $0 | $0 | $0 | $0 | $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 | $0 |
| Other Working Capital | $284K | $32K | -$73K | $64K | $159K | -$55K | $45K | $114K | -$2K | -$22K | $35K | $3 | $18 | $0 | $0 | $0 | $0 | $0 | -$1.15M | -$556K | -$12K | $0 | -$30K | $1K | $32K | $41K | -$511 | -$48K |
| Total Working Capital Change | $282K | $46K | -$8K | $122K | $59K | -$77K | $29K | $114K | -$2K | -$22K | $38K | $148K | $66K | $116K | -$63K | $237K | -$131K | $1.18M | -$1.15M | -$556K | -$17K | $31K | -$30K | $1K | $32K | $41K | -$511 | -$48K |
| Other Non-Cash Items | -$66K | $130K | $22K | $86K | $93K | -$161K | $11K | $63K | $62K | -$1.17M | $1.36M | $532K | $666K | $2.07M | $429K | $6.26M | $6.02M | $3.62M | $1.98M | $469K | $53K | $0 | $12K | $0 | $71K | -$4K | $9K | $0 |
| Net Cash from Operating | -$54K | -$509K | -$720K | -$844K | -$1.44M | -$694K | -$619K | -$251K | -$612K | -$533K | -$206K | -$33K | -$140K | -$319K | -$650K | -$208K | -$604K | $380K | -$1.61M | -$1.01M | -$54K | -$82K | -$94K | -$28K | -$31K | -$28K | -$302K | -$380K |
| Investing Activities | ||||||||||||||||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$436K | $0 | $0 | -$29K | -$45K | -$399K | -$1.25M | -$577K | -$1.34M | -$33K | -$2.87M | -$528K | -$33K | -$30K | $0 | $0 | -$50K | -$2K | -$16K | -$3K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $275K | $0 | $0 | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7K |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$91K | -$15K | -$62K | $0 | $0 | -$136K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11K | $0 | $53K | $7K | $301K | $94K | $0 | $26K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3 | $0 | $5K | $84K | $62K | -$32K | $3K | $183K | -$9.02M | -$21K | $0 | $0 | $0 | $0 | $0 | $0 | $21K | $5K | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $275K | $0 | -$436K | $3K | $0 | -$24K | $50K | -$338K | -$1.23M | -$657K | -$867K | -$9.03M | -$2.89M | -$502K | -$169K | -$30K | $0 | $0 | -$50K | $19K | -$11K | -$10K |
| Financing Activities | ||||||||||||||||||||||||||||
| Debt Repaid | - | $1K | $15K | $15K | $35K | -$29K | - | - | - | - | - | - | - | - | $4K | $6K | $6K | $6K | $6K | -$30K | - | - | $109K | -$29K | -$51K | $4K | $4K | -$10K |
| Common Stock Issuance | $0 | $256K | $916K | $188K | $1.45M | $1.5M | $496K | $205K | $542K | $641K | $107K | $101K | $0 | $136K | $1.34M | $1.12M | $225K | $4.51M | $4.47M | $4.21M | $227K | $78K | $203K | $0 | $29K | $0 | $321K | $187K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$110K | $0 | -$300K | $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 |
| Other Financing Activities | $60K | -$13K | -$71K | -$11K | -$43K | -$37K | -$5K | -$14K | $46K | -$28K | $24K | -$9K | $21K | -$10K | $1.02M | $0 | -$14K | $3.27M | -$44K | -$223K | $28K | $35K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $60K | $242K | $831K | $162K | $1.37M | $1.49M | $450K | $229K | $975K | $623K | $131K | $117K | $21K | $126K | $2.35M | $1M | $204K | $7.47M | $4.42M | $4.02M | $255K | $112K | $94K | $29K | $80K | -$4K | $317K | $198K |
| Forex Effect | -$9 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $644 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $6K | -$268K | $111K | -$682K | -$68K | $796K | $106K | -$22K | -$73K | $93K | -$75K | $60K | -$69K | -$531K | $469K | $134K | -$1.27M | -$1.17M | -$78K | $2.51M | $32K | -$56 | $269 | $647 | -$775 | -$13K | $4K | -$192K |
| Supplementary Data | ||||||||||||||||||||||||||||
| Operating Cash Flow | -$54K | -$509K | -$720K | -$844K | -$1.44M | -$694K | -$619K | -$251K | -$612K | -$533K | -$206K | -$33K | -$140K | -$319K | -$650K | -$208K | -$604K | $380K | -$1.61M | -$1.01M | -$54K | -$82K | -$94K | -$28K | -$31K | -$28K | -$302K | -$380K |
| Capital Expenditure | -$3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$436K | $0 | $0 | -$29K | -$45K | -$399K | -$1.25M | -$577K | -$1.34M | -$33K | -$2.87M | -$528K | -$33K | -$30K | $0 | $0 | -$50K | -$2K | -$16K | -$3K |
| Free Cash Flow | -$54K | -$509K | -$720K | -$844K | -$1.44M | -$694K | -$619K | -$251K | -$1.05M | -$533K | -$206K | -$62K | -$186K | -$719K | -$1.9M | -$785K | -$1.94M | $347K | -$4.48M | -$1.54M | -$87K | -$112K | -$94K | -$28K | -$81K | -$30K | -$318K | -$382K |
| Cash at Beginning | $2K | $269K | $158K | $840K | $908K | $111K | $6K | $28K | $101K | $8K | $83K | $23K | $93K | $623K | $154K | $20K | $1.29M | $2.46M | $2.54M | $32K | $324 | $380 | $111 | -$536 | $239 | $14K | $10K | $201K |
| Cash at End | $7K | $2K | $269K | $158K | $840K | $908K | $111K | $6K | $28K | $101K | $8K | $83K | $23K | $93K | $623K | $154K | $20K | $1.29M | $2.46M | $2.54M | $32K | $324 | $380 | $111 | -$536 | $239 | $14K | $10K |