South Star Battery Metals Corp. (STSBF)
South Star Battery Metals Corp. focuses on discovering and advancing mineral resources throughout Brazil. Its primary initiative is the Santa-Cruz Graphite project, an operation in Brazil's Bahia State that encompasses around 13,316 hectares across 13 distinct licenses. The company, originally established in 1984, rebranded from South Star Mining Corp. to its present name in May 2021, and its corporate headquarters are located in Vancouver, Canada.
Industry: Industrial Materials
South Star Battery Metals Corp.
OTC:STSBFBasic Materials · Industrial Materials
+0.43%$0.1734
Mkt Cap$10.69M
Float45.34M
O/S61.65M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$1.41M
Total Assets$22.75M
Free Cash Flow-$5.27M
Debt & Equity
Debt 3%
Equity 97%
Total Debt$189K
Total Equity$6.44M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
- 1:5Reverse splitJun 22, 20225 shares → 1
- 1:3Reverse splitSep 1, 20093 shares → 1
Balance Sheet Details
Assets$22.75M
Liabilities$16.3M
Accounts Receivable$13K
Accounts Payable$759K
Inventory$278K
PP&E (Net)$19.55M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD |
| 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 |
| 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 |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $73K | $472K | $42K | $15K | $1K | $1K | $2K | $929 | $91 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $0 | $1K | $0 | $0 | $0 | $0 |
| Gross Profit | -$73K | -$472K | -$42K | -$15K | -$1K | -$1K | -$2K | -$929 | -$91 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1K | $0 | -$1K | $0 | $0 | $0 | $0 |
| Gross Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research and Development | $0 | $0 | $65K | $0 | $0 | $0 | $0 | $537K | $38K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.72M | $4.76M | $4.19M | $2.93M | $1.42M | $291K | $898K | $1.76M | $696K | $45K | $106K | $79K | $672K | $428K | $653K | $942K | $1.09M | $434K | $526K | $437K | $423K | $734K | $398K | $283K | $329K |
| Other | $3.84M | -$408K | -$1.18M | $1.41M | $782K | $414K | $1.08M | $211K | -$28K | $0 | $0 | $0 | $0 | $0 | $0 | $274K | $0 | -$54K | $1K | $0 | $1K | $928 | $0 | $2K | $2K |
| Total Operating Expenses | $5.57M | $4.36M | $3.08M | $4.34M | $2.2M | $705K | $1.98M | $2.51M | $706K | $45K | $106K | $79K | $672K | $428K | $653K | $1.22M | $1.09M | $380K | $527K | $437K | $424K | $735K | $398K | $285K | $330K |
| Operating Income (EBIT) | -$5.64M | -$4.83M | -$4.19M | -$4.27M | -$2.2M | -$640K | -$1.89M | -$2.4M | -$696K | -$29K | -$106K | -$79K | -$672K | -$428K | -$653K | -$674K | -$756K | -$380K | -$942K | -$437K | -$424K | -$735K | -$398K | -$285K | -$330K |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | $27K | $0 | $3K | $768K | $20K | $27K | $0 | $0 | $0 | $299 | $4K | $2K | $1K | $959 | $3K | $5K | $2K | $682 | $1K | $36K | $1K | $2K | $187 | $635 | $221 |
| Interest Income | $22K | $153K | $668K | $132K | $0 | $0 | $0 | $4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $39K | $95K | $600 | $75K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $4.23M | -$773K | -$817K | -$636K | -$20K | -$94K | -$44K | -$101K | -$19K | $0 | -$4K | $4K | $123K | -$604K | -$155K | -$536K | -$481K | $0 | -$488K | $23K | $12K | $55K | $20K | -$41K | $15K |
| Income Before Tax (EBT) | -$1.41M | -$5.6M | -$5.01M | -$4.9M | -$2.22M | -$734K | -$1.93M | -$2.5M | -$696K | -$2K | -$110K | -$75K | -$551K | -$1.03M | -$808K | -$1.21M | -$1.24M | -$57K | -$1.43M | -$414K | -$412K | -$680K | -$378K | -$326K | -$315K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$681 | $0 | -$87 | $0 | $1K | $0 | $3K | $53K | $113K | $234K | $342K | $36K | $1K | $2K | $187 | $635 | $221 |
| Net Income | -$1.41M | -$5.6M | -$5.01M | -$4.9M | -$2.22M | -$734K | -$1.93M | -$2.5M | -$696K | -$2K | -$110K | -$75K | -$551K | -$1.03M | -$811K | -$1.26M | -$1.35M | -$291K | -$942K | -$450K | -$413K | -$682K | -$379K | -$327K | -$316K |
| Net Income Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Supplementary Data | |||||||||||||||||||||||||
| EPS | -0.02 | -0.11 | -0.14 | -0.21 | -0.15 | -0.09 | -0.23 | -0.52 | -0.27 | -0.00 | -0.18 | -0.15 | -1.67 | -3.74 | -3.11 | -4.85 | -7.42 | -1.77 | -5.73 | -4.47 | -4.69 | -9.82 | -9.21 | -9.07 | -11.23 |
| Diluted EPS | -0.02 | -0.11 | -0.14 | -0.21 | -0.15 | -0.09 | -0.23 | -0.52 | -0.27 | -0.00 | -0.18 | -0.15 | -1.67 | -3.74 | -3.11 | -4.85 | -7.42 | -1.77 | -5.73 | -4.47 | -4.69 | -9.82 | -9.21 | -9.07 | -11.23 |
| Weighted Average OS | 67.66M | 51.14M | 36.66M | 23.58M | 15.15M | 8.58M | 8.45M | 4.77M | 2.54M | 1.32M | 601,118 | 508,574 | 330,463 | 275,709 | 260,504 | 260,282 | 181,998 | 164,482 | 164,384 | 100,732 | 88,244 | 69,402 | 41,094 | 36,000 | 28,096 |
| EBITDA | -$5.62M | -$4.86M | -$3.8M | -$3.49M | -$1.41M | -$639K | -$1.89M | -$2.51M | $0 | $3K | -$106K | -$75K | -$640K | -$428K | -$662K | -$1.22M | -$1.1M | -$380K | -$524K | -$437K | -$423K | -$734K | -$398K | -$283K | -$329K |
| EBITDA Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD |
| 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 |
| Assets | |||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||
| Cash and Cash Equivalents | $2.54M | $1.45M | $6.45M | $17.26M | $3.48M | $74K | $111K | $1.28M | $165K | $4K | $3K | $4K | $0 | $4K | $46K | $291K | $785K | $284K | $620K | $176K | $155K | $190K | $34K | $23K | $995 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $270K | $750K | $2.78M | $861K | $973K | $0 | $0 | $0 | $275K | $0 | $0 |
| Cash and Short-Term Investments | $2.54M | $1.45M | $6.45M | $17.26M | $3.48M | $74K | $111K | $1.28M | $165K | $4K | $3K | $4K | $0 | $4K | $317K | $1.04M | $3.57M | $1.15M | $1.59M | $176K | $155K | $190K | $309K | $23K | $995 |
| Accounts Receivable | $13K | $18K | $13K | $21K | $20K | $1K | $4K | $8K | $5K | $2K | $3K | $386 | $2K | $11K | $12K | $172K | $544K | $584K | $479K | $6K | $3K | $7K | $12K | $3K | $4K |
| Inventory | $278K | $214K | $10K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $5 | $0 | $17K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $3.04M | $1.78M | $6.56M | $17.42M | $3.65M | $83K | $135K | $1.5M | $177K | $7K | $7K | $4K | $2K | $14K | $332K | $1.27M | $4.22M | $1.78M | $2.1M | $208K | $160K | $203K | $322K | $26K | $5K |
| Long-Term Assets | |||||||||||||||||||||||||
| Property, Plant & Equipment Net | $19.55M | $12.26M | $21.1M | $7.97M | $5.74M | $5.74M | $5.74M | $5.74M | $0 | $0 | $0 | $0 | $0 | $0 | $82K | $0 | $39K | $400K | $1.1M | $5.03M | $2.77M | $1.95M | $863K | $260K | $2K |
| 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 |
| 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 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $157K | $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 |
| Other Long-Term Assets | $157K | $0 | $1.56M | $1.08M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15K | $321K | $561K | $1.72M | $1K | $1K | $1K | $1K | $1K | $1K |
| Total Long-Term Assets | $19.71M | $12.26M | $22.66M | $9.05M | $5.74M | $5.74M | $5.74M | $5.74M | $0 | $0 | $0 | $0 | $0 | $0 | $82K | $15K | $360K | $1.12M | $2.81M | $5.03M | $2.77M | $1.95M | $864K | $261K | $3K |
| 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 |
| Total Assets | $22.75M | $14.04M | $29.22M | $26.47M | $9.39M | $5.82M | $5.88M | $7.24M | $177K | $7K | $7K | $4K | $2K | $14K | $414K | $1.28M | $4.58M | $2.89M | $4.92M | $5.24M | $2.93M | $2.16M | $1.19M | $287K | $8K |
| Liabilities | |||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||
| Accounts Payable | $759K | $663K | $1.44M | $252K | $223K | $77K | $29K | $46K | $41K | $76K | $139K | $112K | $375K | $0 | $0 | $0 | $0 | $0 | $65K | $369K | $143K | $94K | $477K | $436K | $238K |
| Short-Term Debt | $82K | $0 | $10K | $17K | $0 | $289K | $0 | $0 | $0 | $0 | $0 | $0 | $117K | $28K | $0 | $0 | $209K | $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 |
| Current Unearned Revenue | $290K | $602K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$375 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $2.92M | $1.83M | $1.33M | $812K | $193K | $0 | $127K | $15K | $9K | $14K | $9K | $65K | $375 | $200K | $54K | $51K | $179K | $0 | $2K | $48K | $760 | $0 | $20K | $158K | $160K |
| Total Current Liabilities | $4.05M | $3.1M | $2.78M | $1.1M | $416K | $717K | $155K | $61K | $50K | $90K | $148K | $185K | $492 | $228K | $54K | $51K | $388K | $54K | $67K | $417K | $144K | $94K | $496K | $594K | $399K |
| Long-Term Liabilities | |||||||||||||||||||||||||
| Long-Term Debt | $107K | $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 | $11.73M | $7.71M | $0 | $13.72M | $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 | $1.26M | $297K | $266K | $0 | $0 | $0 |
| Other Long-Term Liabilities | $415K | $304K | $14.4M | $530K | $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 | $12.26M | $8.01M | $14.4M | $14.26M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.26M | $297K | $266K | $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 |
| Total Liabilities | $16.3M | $11.11M | $17.18M | $15.36M | $416K | $717K | $155K | $61K | $50K | $90K | $148K | $185K | $492K | $228K | $54K | $51K | $388K | $54K | $67K | $1.68M | $441K | $94K | $496K | $594K | $399K |
| 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 |
| Common Stock | $39.7M | $26.25M | $39.66M | $35.23M | $29.65M | $23.71M | $23.71M | $23.36M | $14.69M | $14.18M | $14.12M | $14K | $14K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$33.52M | -$22.39M | -$34.14M | -$29.13M | -$24.23M | -$22M | -$21.27M | -$19.34M | -$16.84M | -$16.14M | -$16.14M | -$16.03M | -$15.95M | -$15.4M | -$14.37M | -$13.56M | -$11.91M | -$10.56M | -$10.27M | -$9.33M | -$8.88M | -$8.47M | -$7.78M | -$7.41M | -$7.08M |
| Comprehensive Income & Other | $265K | -$960K | $6.53M | $5.01M | $3.55M | $3.4M | $3.28M | $3.16M | $2.27M | $1.88M | $1.88M | $1.88M | $1.88M | $1.85M | $1.52M | -$172K | $405K | -$223K | $1.58M | $0 | $0 | $0 | $0 | $54K | $0 |
| Other Stockholders' Equity | $265K | -$924K | $6.53M | $5.01M | $3.55M | $3.4M | $3.28M | $3.16M | $2.27M | $1.88M | $1.88M | $15.83M | $15.45M | $15.19M | $14.73M | $14.79M | $15.73M | $13.4M | $15.12M | $12.88M | $11.37M | $10.53M | $8.47M | $7.1M | $6.69M |
| Total Equity | $6.44M | $2.93M | $12.04M | $11.12M | $8.97M | $5.11M | $5.72M | $7.18M | $127K | -$83K | -$141K | -$181K | -$490K | -$214K | $360K | $1.23M | $3.82M | $2.84M | $4.85M | $3.55M | $2.49M | $2.06M | $690K | -$307K | -$391K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $372K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $22.75M | $14.04M | $29.22M | $26.47M | $9.39M | $5.82M | $5.88M | $7.24M | $177K | $7K | $7K | $4K | $2K | $14K | $414K | $1.28M | $4.2M | $2.89M | $4.92M | $5.24M | $2.93M | $2.16M | $1.19M | $287K | $8K |
| Supplementary Data | |||||||||||||||||||||||||
| Total Debt | $189K | $0 | $10K | $27K | $0 | $289K | $0 | $0 | $0 | $0 | $0 | $0 | $117K | $28K | $0 | $0 | $209K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$2.35M | -$1.45M | -$6.44M | -$17.23M | -$3.48M | $215K | -$111K | -$1.28M | -$165K | -$4K | -$3K | -$4K | $117K | $24K | -$46K | -$291K | -$575K | -$284K | -$620K | -$176K | -$155K | -$190K | -$34K | -$23K | -$995 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD | CAD |
| 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 |
| Operating Activities | |||||||||||||||||||||||||
| Net Income | -$1.41M | -$3.89M | -$5.01M | -$4.9M | -$2.22M | -$734K | -$1.93M | -$2.5M | -$696K | -$2K | -$110K | -$75K | -$551K | -$1.03M | -$811K | -$1.44M | -$1.35M | -$291K | -$942K | -$450K | -$413K | -$682K | -$379K | -$327K | -$316K |
| Depreciation & Amortization | $15K | $15K | $41K | $15K | $1K | $1K | $2K | $929 | $677K | $32K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $0 | $1K | $928 | $0 | $2K | $2K |
| Deferred Income Tax | $0 | $207K | $0 | $441K | $0 | $39K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $520K | $150K | $229K | $321K | $28K | $72K | $3K | $709K | $392K | $0 | $0 | $0 | $28K | $34K | $69K | $77K | $202K | $81K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||
| Accounts Receivable | -$114K | -$221K | $4K | -$740 | -$19K | $3K | $4K | -$3K | -$3K | -$1K | -$3K | $2K | $8K | $2K | $10K | -$31K | -$25K | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $69K | -$441K | $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 |
| Other Working Capital | $39K | -$81K | $43K | $13.45M | -$149K | $285K | $287K | -$192K | -$47K | -$15K | -$1K | $71K | $985 | $149K | $52K | -$74K | $70K | -$29K | $0 | -$346K | -$5K | -$359K | $30K | $10K | $73K |
| Total Working Capital Change | -$5K | -$742K | $47K | $13.45M | -$168K | $288K | $291K | -$195K | -$50K | -$16K | $113K | $73K | $9K | $151K | $62K | -$105K | $45K | -$26K | -$300K | -$346K | -$5K | -$359K | $30K | $10K | $73K |
| Other Non-Cash Items | -$4.04M | -$1.24M | $1.57M | $327K | $30K | $27K | $87K | -$2K | -$677K | -$72K | $0 | $6K | $174K | $599K | $153K | $464K | $250K | -$88K | $482K | $133K | $186K | $394K | $159K | $54K | -$15K |
| Net Cash from Operating | -$4.92M | -$5.51M | -$3.12M | $9.65M | -$2.33M | -$305K | -$1.55M | -$1.99M | -$354K | -$58K | $3K | $4K | -$339K | -$247K | -$527K | -$1.01M | -$854K | -$323K | -$758K | -$664K | -$231K | -$646K | -$189K | -$260K | -$255K |
| Investing Activities | |||||||||||||||||||||||||
| Capital Expenditures | -$356K | -$2.67M | -$11.71M | -$1.17M | -$4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$91K | -$82K | -$81K | -$102K | -$1K | $14K | -$240K | -$458K | -$1.09M | -$603K | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $0 | $726K | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $173K | $319K | $636K | $436K | $27K | $0 | $0 | $0 | $257K | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$1.17M | -$1.07M | -$1.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $78 | $0 | $0 | $0 | $0 | $0 | $56K | $0 | $24K |
| Net Cash from Investing | -$356K | -$3.84M | -$12.79M | -$2.26M | -$4K | $0 | $0 | -$1.49M | $0 | $0 | $0 | $0 | $0 | $81K | $237K | $555K | $336K | $26K | $740K | -$240K | -$458K | -$834K | -$547K | $0 | $24K |
| Financing Activities | |||||||||||||||||||||||||
| Debt Repaid | $29K | $5K | $21K | $233K | - | -$280K | - | - | - | - | - | - | - | - | - | - | -$108K | - | - | - | - | - | - | $2K | -$148K |
| Common Stock Issuance | $5.72M | $4.96M | $3.42M | $6.77M | $4.93M | $0 | $405K | $4.94M | $425K | $60K | $0 | $0 | $247K | $0 | $26K | $0 | $1.16M | $2K | $20K | $860K | $653K | $1.66M | $885K | $285K | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Other Financing Activities | $0 | $2.15M | -$378 | -$339K | $809K | $0 | -$11K | -$320K | $90K | $0 | -$4K | $0 | $89K | $123K | $19K | -$42K | -$244K | -$41K | $443K | $64K | $760 | -$20K | -$139K | $0 | $0 |
| Net Cash from Financing | $5.69M | $7.11M | $4.47M | $6.2M | $5.74M | $280K | $394K | $4.62M | $515K | $60K | -$4K | $0 | $336K | $123K | $45K | -$42K | $1.02M | -$38K | $463K | $924K | $654K | $1.64M | $746K | $282K | $148K |
| Forex Effect | $28K | -$533K | $630K | $191K | -$4K | -$11K | -$7K | -$31K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $448K | -$2.78M | -$10.81M | $13.78M | $3.4M | -$36K | -$1.16M | $1.11M | $161K | $2K | -$1K | $4K | -$4K | -$43K | -$245K | -$493K | $501K | -$336K | $444K | $20K | -$34K | $156K | $10K | $22K | -$83K |
| Supplementary Data | |||||||||||||||||||||||||
| Operating Cash Flow | -$4.92M | -$3.83M | -$3.12M | $9.65M | -$2.33M | -$305K | -$1.55M | -$1.99M | -$354K | -$58K | $3K | $4K | -$339K | -$247K | -$527K | -$1.01M | -$854K | -$323K | -$758K | -$664K | -$231K | -$646K | -$189K | -$260K | -$255K |
| Capital Expenditure | -$347K | -$2.67M | -$11.71M | -$1.17M | -$4K | $0 | $0 | $0 | $0 | $0 | -$5 | $0 | $0 | -$91K | -$82K | -$81K | -$39K | -$1K | $14K | -$240K | -$458K | -$1.09M | -$603K | $0 | $0 |
| Free Cash Flow | -$5.27M | -$6.5M | -$14.83M | $8.48M | -$2.34M | -$305K | -$1.55M | -$1.99M | -$354K | -$58K | $3K | $4K | -$339K | -$339K | -$609K | -$1.09M | -$893K | -$325K | -$745K | -$904K | -$689K | -$1.74M | -$792K | -$260K | -$255K |
| Cash at Beginning | $2.09M | $3.39M | $17.26M | $3.48M | $74K | $111K | $1.28M | $165K | $4K | $3K | $4K | $0 | $4K | $46K | $291K | $785K | $284K | $620K | $176K | $155K | $190K | $34K | $23K | $995 | $84K |
| Cash at End | $2.54M | $1.45M | $6.45M | $17.26M | $3.48M | $74K | $111K | $1.28M | $165K | $4K | $3K | $4K | $0 | $4K | $46K | $291K | $785K | $284K | $620K | $176K | $155K | $190K | $34K | $23K | $995 |