THERALASE TECHNOLOGIES INC /FI (TLTFF)
Theralase Technologies Inc., founded in Toronto, Canada in 1994, is a clinical-stage pharmaceutical company focused on the development of innovative therapies and medical devices. The company's pharmaceutical division specializes in the research and development of photo dynamic compounds (PDCs) and their drug formulations. These advanced treatments are designed to combat cancer, bacterial infections, and viral diseases, with Theralase's operations spanning Canada, the United States, and other international regions. A significant drug candidate, TLD-1433, is presently in Phase II clinical trials for the treatment of Bacillus Calmette Guérin-unresponsive Carcinoma In-Situ non-muscle invasive bladder cancer. Demonstrating a broader commitment to public health, the company also holds research agreements with the University of Manitoba's Medical Microbiology department for the development of coronavirus vaccines and therapies, and collaborates with the National Microbiology Laboratory and Public Health Agency of Canada on a Canadian-based SARS-CoV-2 vaccine. In parallel with its drug pipeline, Theralase engineers, manufactures, and markets patented super-pulsed laser technology. This medical device is primarily used to alleviate chronic knee pain and is also applied off-label for a variety of nerve, muscle, and joint conditions. Its product line features the TLC-2000, a superpulsed visible red laser that promotes healing by reducing pain and inflammation while adhering to the Maximal Permissible Exposure limit for tissue, along with related accessories. Additionally, the company provides a suite of controller-less cool laser therapy systems, including the TLC-900, TLC-300, and TLC-100. Theralase's products are sold directly to healthcare practitioners.
Industry: Medical - Devices
Theralase Technologies Inc.
OTC:TLTFFHealthcare · Medical - Devices
-2.37%$0.1422
Mkt Cap$45.79M
Float237.41M
O/S321.98M
Inst Own-
SI0.5%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$582K
Net Income-$2.94M
Total Assets$2.49M
Free Cash Flow-$2.38M
Debt & Equity
Debt 20%
Equity 80%
Total Debt$327K
Total Equity$1.27M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in TLTFF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.49M
Liabilities$1.22M
Accounts Receivable$854K
Accounts Payable$561K
Inventory$360K
PP&E (Net)$320K
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 | 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 |
| Revenue | $582K | $737K | $763K | $812K | $556K | $662K | $687K | $1.24M | $1.67M | $1.37M | $1.39M | $984K | $858K | $1.3M | $1.44M | $1.45M | $1.68M | $1.55M | $1.11M | $1.02M | $860K | $469K | $20K | $2K | $0 |
| YoY Growth | -21.0% | -3.4% | -6.0% | 45.9% | -16.0% | -3.6% | -44.4% | -26.0% | 22.1% | -1.4% | 40.9% | 14.7% | -34.0% | -10.0% | -0.7% | -13.5% | 8.8% | 39.0% | 8.5% | 19.1% | 83.6% | 2271.2% | 1067.2% | - | - |
| Cost of Revenue | $221K | $342K | $362K | $364K | $336K | $470K | $644K | $561K | $674K | $568K | $449K | $327K | $288K | $410K | $456K | $476K | $570K | $491K | $283K | $263K | $212K | $126K | $11K | $0 | $0 |
| Gross Profit | $362K | $395K | $401K | $448K | $221K | $192K | $43K | $676K | $996K | $800K | $938K | $657K | $570K | $890K | $989K | $978K | $1.11M | $1.05M | $829K | $762K | $648K | $342K | $9K | $2K | $0 |
| Gross Margin | 62.1% | 53.6% | 52.5% | 55.2% | 39.7% | 29.0% | 6.3% | 54.6% | 59.7% | 58.5% | 67.6% | 66.7% | 66.4% | 68.5% | 68.4% | 67.3% | 66.1% | 68.2% | 74.6% | 74.4% | 75.4% | 73.1% | 43.7% | 100.0% | - |
| Research and Development | $1.75M | $1.96M | $2.13M | $3.05M | $2.08M | $2.46M | $3.15M | $1.31M | $2.02M | $1.47M | $2.37M | $1.16M | $376K | $623K | $541K | $438K | $117K | $162K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.54M | $1.46M | $1.52M | $1.09M | $1.32M | $1.73M | $2.31M | $1.83M | $3.4M | $2.95M | $2.5M | $1.44M | $968K | $1.32M | $1.48M | $1.37M | $1.05M | $1.4M | $1.49M | $850K | $560K | $284K | $45K | $36K | $34K |
| Other | $50K | $28K | $34K | $35K | $55K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13K | -$2.13M | $532 | -$1.68M | -$225K | -$1.3M | -$1.44M | -$293K | $80K | $14K | -$74K | -$70K | $244K |
| Total Operating Expenses | $3.34M | $3.45M | $3.78M | $4.18M | $3.46M | $4.25M | $5.33M | $3.08M | $5.33M | -$2.71M | -$2.77M | -$1.18M | $1.36M | -$186K | $989K | $121K | $940K | $263K | $49K | $557K | $640K | $298K | -$30K | -$34K | $36K |
| Operating Income (EBIT) | -$2.98M | -$3.06M | -$3.27M | -$3.73M | -$3.24M | -$3.99M | -$5.27M | -$2.4M | -$4.33M | -$3.64M | -$3.96M | -$1.96M | -$787K | $1.08M | -$1.04M | $858K | $172K | $792K | $780K | $205K | $9K | $44K | $38K | $35K | $360K |
| Operating Margin | -511.4% | -415.0% | -429.2% | -459.5% | -581.8% | -602.0% | -766.2% | -194.2% | -259.5% | -266.1% | -285.4% | -199.5% | -91.7% | 82.7% | -72.1% | 59.0% | 10.2% | 51.2% | 70.2% | 20.0% | 1.0% | 9.4% | 193.7% | 2091.3% | - |
| Interest Expense | $30K | $17K | $22K | $15K | $4K | $7K | $9K | $473 | $62 | $141 | $567 | $14K | $30K | $16K | $4K | $2K | $4K | $7K | $3K | $4K | $6K | $6K | $629 | $9 | $13K |
| Interest Income | $57K | $47K | $36K | $22K | $16K | $74K | $24K | $13K | $5K | $11K | $26K | $6K | $6K | $9K | $8K | $4K | $4K | $7K | $7K | $8K | $6K | $4K | $1K | $2K | $4K |
| Other Income (Expense) | $39K | $23K | $17K | -$3K | $93K | -$4K | -$20K | $7K | -$11K | $132K | $245K | $119K | -$34K | -$2.15M | $532 | -$1.69M | -$345K | -$1.44M | -$1.57M | -$406K | $638 | -$2K | -$73K | -$934 | -$79K |
| Income Before Tax (EBT) | -$2.94M | -$3.03M | -$3.26M | -$3.73M | -$3.14M | -$3.99M | -$5.28M | -$2.39M | -$4.34M | -$3.51M | -$3.71M | -$1.84M | -$821K | -$1.08M | -$1.04M | -$835K | -$172K | -$650K | -$794K | -$201K | $9K | $42K | -$35K | $34K | $281K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4K | -$2K | -$179 | $142K | $0 | $0 | $0 | $0 | $284 | $70K | $406K |
| Net Income | -$2.94M | -$3.03M | -$3.26M | -$3.73M | -$3.14M | -$3.99M | -$5.28M | -$2.39M | -$4.34M | -$3.51M | -$3.71M | -$1.84M | -$821K | -$1.08M | -$1.04M | -$833K | -$172K | -$792K | -$794K | -$201K | $9K | $42K | -$35K | -$35K | -$125K |
| Net Income Margin | -504.7% | -411.8% | -427.1% | -459.8% | -565.1% | -602.6% | -769.0% | -193.6% | -260.1% | -256.5% | -267.7% | -187.4% | -95.7% | -82.7% | -71.7% | -57.3% | -10.2% | -51.3% | -71.4% | -19.6% | 1.1% | 9.0% | -179.1% | -2091.9% | - |
| Supplementary Data | |||||||||||||||||||||||||
| EPS | -0.02 | -0.02 | -0.02 | -0.03 | -0.02 | -0.03 | -0.05 | -0.03 | -0.05 | -0.05 | -0.05 | -0.03 | -0.02 | -0.03 | -0.04 | -0.03 | -0.01 | -0.03 | -0.03 | -0.01 | 0.00 | 0.00 | -0.00 | -0.00 | -0.01 |
| Diluted EPS | -0.02 | -0.02 | -0.02 | -0.03 | -0.02 | -0.03 | -0.05 | -0.03 | -0.05 | -0.05 | -0.05 | -0.03 | -0.02 | -0.03 | -0.04 | -0.03 | -0.01 | -0.03 | -0.03 | -0.01 | 0.00 | 0.00 | -0.00 | -0.00 | -0.01 |
| Weighted Average OS | 253.13M | 240.07M | 219.97M | 207.92M | 204.28M | 204.28M | 144.68M | 130.49M | 124.09M | 109.04M | 95.96M | 74.98M | 47.85M | 43.82M | 40.62M | 39.20M | 35.35M | 34.94M | 34.94M | 33.24M | 33.09M | 26.97M | 21.09M | 20.66M | 20.66M |
| EBITDA | -$2.72M | -$2.82M | -$3.03M | -$3.49M | -$2.94M | -$3.79M | -$5.09M | -$2.23M | -$4.16M | -$3.4M | -$3.62M | -$1.77M | -$736K | -$1.02M | -$993K | -$758K | -$47K | -$523K | -$661K | -$88K | $88K | $58K | -$36K | -$34K | $294K |
| EBITDA Margin | -467.0% | -383.2% | -397.5% | -430.4% | -529.0% | -572.2% | -741.3% | -180.7% | -249.3% | -248.7% | -260.8% | -180.0% | -85.7% | -78.8% | -68.7% | -52.1% | -2.8% | -33.8% | -59.4% | -8.6% | 10.3% | 12.4% | -183.1% | -2036.2% | - |
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 | 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 |
| Assets | |||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||
| Cash and Cash Equivalents | $130K | $192K | $31K | $1.08M | $2.63M | $5.62M | $8.95M | $737K | $181K | $2.12M | $3.09M | $1.37M | $1.26M | $16K | $31K | $124K | $846K | $35K | $362K | $167K | $12K | $43K | $45K | $69K | $104K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $224K | $284K | $0 | $0 | $0 |
| Cash and Short-Term Investments | $130K | $192K | $31K | $1.08M | $2.63M | $5.62M | $8.95M | $737K | $181K | $2.12M | $3.09M | $1.37M | $1.26M | $16K | $31K | $124K | $846K | $35K | $362K | $167K | $236K | $327K | $45K | $69K | $104K |
| Accounts Receivable | $854K | $390K | $276K | $140K | $61K | $125K | $199K | $563K | $739K | $855K | $351K | $449K | $222K | $356K | $462K | $351K | $402K | $347K | $234K | $303K | $181K | $153K | $66K | $0 | $0 |
| Inventory | $360K | $389K | $469K | $346K | $404K | $322K | $515K | $616K | $746K | $867K | $651K | $211K | $136K | $154K | $249K | $232K | $143K | $196K | $157K | $131K | $119K | $84K | $68K | $0 | $0 |
| Other Current Assets | $100K | $159K | $141K | $172K | $152K | $221K | $389K | $0 | $0 | $0 | $490K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$16K | $0 | $0 | $0 |
| Total Current Assets | $1.44M | $1.13M | $1.07M | $1.78M | $3.56M | $6.36M | $10.12M | $1.96M | $1.71M | $4M | $4.7M | $2.44M | $1.66M | $545K | $769K | $756K | $1.43M | $612K | $806K | $635K | $556K | $571K | $186K | $69K | $104K |
| Long-Term Assets | |||||||||||||||||||||||||
| Property, Plant & Equipment Net | $320K | $432K | $612K | $789K | $617K | $742K | $823K | $480K | $530K | $406K | $289K | $193K | $158K | $134K | $64K | $77K | $75K | $84K | $69K | $41K | $47K | $41K | $32K | $713 | $713 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.33M | $1.33M | $1.33M | $1.33M | $1.33M | $1.33M | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $13K | $26K | $38K | $52K | $67K | $80K | $93K | $106K | $116K | $158K | $246K | $441K | $128K | $120K | $81K | $51K | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 | $726K | $754K | $656K | $394K | $58K | $46K | $85K | $92K | $103K | $0 | $22K | $21K | $17K | $35K | $66K | -$1.3M | $0 | $0 | $0 | $496K | $480K | $174K | $169K | $0 | $0 |
| Total Long-Term Assets | $1.05M | $1.19M | $1.27M | $1.18M | $675K | $788K | $912K | $584K | $659K | $445K | $363K | $281K | $255K | $262K | $236K | $225K | $1.56M | $1.66M | $1.84M | $1.99M | $1.97M | $296K | $252K | $713 | $713 |
| 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 | $2.49M | $2.31M | $2.34M | $2.97M | $4.24M | $7.14M | $11.03M | $2.54M | $2.37M | $4.45M | $5.06M | $2.72M | $1.91M | $807K | $1.01M | $981K | $2.99M | $2.27M | $2.64M | $2.63M | $2.53M | $866K | $438K | $70K | $104K |
| Liabilities | |||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||
| Accounts Payable | $561K | $258K | $486K | $234K | $354K | $291K | $374K | $727K | $776K | $222K | $278K | $206K | $408K | $488K | $353K | $428K | $395K | $0 | $208K | $174K | $92K | $59K | $47K | $8K | $7K |
| Short-Term Debt | $182K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6K | $5K | $2K | $0 | $50K | $21K | $71K | $89K | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $856K | $0 | $0 | $0 | $0 | $4K | $11K | $16K | $20K | $20K | $16K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $9K | $0 | $0 | $0 | $0 | $0 | $0 | $784 | $0 | $17K | $2K | $6K | $592 | $5K | $479K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $1.16M | $703K | $768K | $486K | $624K | $586K | $1.08M | $1.83M | $910K | $392K | $560K | $365K | $657K | $842K | $666K | $459K | $425K | $499K | $208K | $224K | $113K | $130K | $136K | $8K | $7K |
| 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 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $231 | $4K | $14K | $30K | $42K | $26K | $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 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$347 | $7K | $0 | $11K | $0 | $0 | $31K | $0 | $0 | $595 | $18K | $0 | $0 |
| Total Long-Term Liabilities | $67K | $138K | $209K | $276K | $0 | $25K | $67K | $0 | $0 | $0 | $0 | $0 | $347 | $12K | $15K | $45K | $76K | $68K | $31K | $0 | $0 | $595 | $18K | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$347 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.22M | $841K | $978K | $762K | $624K | $611K | $1.15M | $1.83M | $910K | $392K | $560K | $365K | $657K | $854K | $681K | $504K | $502K | $567K | $239K | $224K | $113K | $131K | $154K | $8K | $7K |
| 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 | $36.28M | $34.87M | $33.1M | $31.74M | $30.03M | $30.03M | $30.02M | $18.84M | $17.76M | $16.09M | $14.23M | $10.29M | $6.77M | $5.59M | $5.11M | $0 | $0 | $5.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$51.05M | -$48.11M | -$45.08M | -$41.67M | -$37.85M | -$34.58M | -$30.4M | -$25.12M | -$22.73M | -$18.38M | -$14.87M | -$11.16M | -$9.32M | -$8.5M | -$7.42M | -$6.38M | -$5.56M | -$5.39M | -$4.59M | -$3.58M | -$3.38M | -$3.39M | -$3.43M | -$3.4M | -$3.36M |
| Comprehensive Income & Other | $0 | $2.18M | $4.43M | $4.02M | $3.63M | $3.77M | $0 | $2.72M | $0 | $0 | $0 | $0 | $872K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.29M | $1.29M | $1.29M |
| Other Stockholders' Equity | $16.04M | $14.71M | $13.34M | $12.13M | $11.44M | $11.08M | $10.26M | $6.99M | $6.43M | $6.35M | $5.14M | $3.23M | $3.81M | $2.86M | $2.63M | $6.86M | $8.04M | $2.03M | $7M | $5.98M | $5.8M | $4.14M | $3.72M | $3.46M | $3.46M |
| Total Equity | $1.27M | $1.47M | $1.36M | $2.2M | $3.61M | $6.53M | $9.88M | $712K | $1.46M | $4.06M | $4.5M | $2.36M | $1.26M | -$46K | $324K | $477K | $2.49M | $1.7M | $2.4M | $2.4M | $2.42M | $751K | $285K | $62K | $98K |
| 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 |
| Total Liabilities and Equity | $2.49M | $2.31M | $2.34M | $2.97M | $4.24M | $7.14M | $11.03M | $2.54M | $2.37M | $4.45M | $5.06M | $2.72M | $1.91M | $807K | $1.01M | $981K | $2.99M | $2.27M | $2.64M | $2.63M | $2.53M | $882K | $438K | $70K | $104K |
| Supplementary Data | |||||||||||||||||||||||||
| Total Debt | $327K | $209K | $276K | $338K | $25K | $66K | $103K | $0 | $0 | $0 | $0 | $0 | $555 | $1K | $4K | $15K | $39K | $45K | $0 | $50K | $21K | $71K | $89K | $0 | $0 |
| Net Debt | $196K | $18K | $244K | -$738K | -$2.61M | -$5.55M | -$8.84M | -$737K | -$181K | -$2.12M | -$3.09M | -$1.37M | -$1.26M | -$15K | -$27K | -$109K | -$807K | $10K | -$362K | -$117K | $9K | $28K | $44K | -$69K | -$104K |
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 | 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 |
| Operating Activities | |||||||||||||||||||||||||
| Net Income | -$2.94M | -$3.03M | -$3.26M | -$3.73M | -$3.14M | -$3.99M | -$5.28M | -$2.39M | -$4.34M | -$3.51M | -$3.71M | -$1.84M | -$821K | -$1.08M | -$1.04M | -$833K | -$172K | -$792K | -$794K | -$201K | $9K | $42K | -$35K | -$35K | -$125K |
| Depreciation & Amortization | $189K | $194K | $204K | $223K | $197K | $194K | $182K | $159K | $181K | $106K | $96K | $59K | $55K | $35K | $39K | $73K | $125K | $128K | $119K | $117K | $80K | $13K | $1K | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $11K | $0 | $6K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $410K | $371K | $443K | $137K | $227K | $650K | $281K | $129K | $352K | $350K | $362K | $147K | $108K | $199K | $25K | $125K | $68K | $90K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||
| Accounts Receivable | -$320K | -$11K | -$18K | -$22K | $163K | $278K | -$27K | $181K | $14K | $7K | -$398K | -$231K | $145K | $113K | -$110K | $727 | -$35K | -$113K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$8K | $81K | -$123K | $57K | -$81K | $193K | $101K | $130K | $121K | -$218K | -$440K | -$75K | $18K | $95K | -$17K | -$89K | $53K | -$39K | -$31K | -$12K | -$35K | -$16K | -$68K | $0 | $0 |
| Accounts Payable | $382K | $55K | $278K | -$189K | -$189K | -$539K | $40K | $912K | $0 | -$219K | $494K | -$634K | $0 | $0 | $0 | $15K | -$83K | $293K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$58K | $4K | -$447K | -$147K | -$63K | $33K | $7K | $11K | $629K | $22K | -$927 | -$8K | -$146K | $206K | $114K | -$13K | $20K | $36K | $68K | -$54K | $7K | -$101K | -$35K | $828 | -$258K |
| Total Working Capital Change | -$4K | $73K | -$311K | -$301K | -$170K | -$35K | $121K | $1.23M | $764K | -$408K | -$345K | -$948K | $17K | $413K | -$13K | -$86K | -$45K | $176K | $37K | -$66K | -$28K | -$118K | -$103K | $828 | -$258K |
| Other Non-Cash Items | $0 | $24K | $19K | $35K | $17K | $13K | $20K | -$1K | -$999 | -$19K | -$2K | $1K | -$12K | -$4K | -$11K | -$5K | -$5K | $148K | $386K | $132K | $0 | $0 | $0 | $0 | $324K |
| Net Cash from Operating | -$2.34M | -$2.37M | -$2.9M | -$3.64M | -$2.87M | -$3.17M | -$4.68M | -$867K | -$3.04M | -$3.48M | -$3.6M | -$2.58M | -$653K | -$432K | -$996K | -$726K | -$29K | -$250K | -$251K | -$18K | $61K | -$62K | -$137K | -$35K | -$59K |
| Investing Activities | |||||||||||||||||||||||||
| Capital Expenditures | -$35K | -$14K | -$27K | -$50K | -$72K | -$117K | -$380K | -$95K | -$293K | -$211K | -$177K | -$81K | -$67K | -$93K | -$17K | -$35K | -$15K | -$22K | -$43K | -$22K | -$61K | -$18K | -$32K | $0 | $0 |
| 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 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$42K | $0 | $0 | $0 | -$284K | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $60K | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7 | $1K | $0 | $0 | $596 | $0 | $390 | $3K | -$14K | -$9K | -$24K | -$112K | -$41K | -$23K | -$220K | $0 | -$1K |
| Net Cash from Investing | -$35K | -$14K | -$27K | -$50K | -$72K | -$117K | -$380K | -$95K | -$293K | -$210K | -$177K | -$81K | -$66K | -$93K | -$16K | -$33K | -$29K | -$74K | -$67K | -$135K | -$41K | -$326K | -$252K | $0 | -$1K |
| Financing Activities | |||||||||||||||||||||||||
| Debt Repaid | $71K | $84K | $84K | $54K | $40K | $37K | $43K | - | - | - | - | $361 | $468 | $3K | $6K | $3K | $4K | $3K | $50K | -$29K | $50K | $33K | -$89K | - | $1.65M |
| Common Stock Issuance | $2.12M | $2.63M | $1.97M | $1.94M | -$535 | -$4K | $12.46M | $1.52M | $1.39M | $2.71M | $4.99M | $0 | $2.02M | $506K | $795K | $14K | $0 | $0 | $563K | $56K | $0 | $424K | $258K | $0 | $530K |
| 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 | -$1K | -$1K | -$535 | $245K | -$535 | -$4K | $850K | $2K | $1.39M | $0 | $505K | $2.8M | $0 | $0 | $64K | $26K | $874K | $0 | $0 | $0 | -$595 | -$17K | $18K | $0 | $1.29M |
| Net Cash from Financing | $2.32M | $2.55M | $1.89M | $2.13M | -$41K | -$41K | $13.27M | $1.52M | $1.39M | $2.71M | $5.5M | $2.78M | $1.96M | $510K | $919K | $37K | $870K | -$3K | $513K | $84K | -$50K | $373K | $365K | $0 | $163K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$61K | $160K | -$1.04M | -$1.56M | -$2.99M | -$3.33M | $8.21M | $556K | -$1.94M | -$977K | $1.72M | $110K | $1.24M | -$15K | -$94K | -$722K | $811K | -$327K | $195K | -$69K | -$31K | -$14K | -$25K | -$35K | $103K |
| Supplementary Data | |||||||||||||||||||||||||
| Operating Cash Flow | -$2.34M | -$2.37M | -$2.9M | -$3.64M | -$2.87M | -$3.17M | -$4.68M | -$867K | -$3.04M | -$3.48M | -$3.6M | -$2.58M | -$653K | -$432K | -$996K | -$726K | -$29K | -$250K | -$251K | -$18K | $61K | -$62K | -$137K | -$35K | -$59K |
| Capital Expenditure | -$35K | -$14K | -$27K | -$50K | -$72K | -$117K | -$380K | -$95K | -$293K | -$211K | -$177K | -$81K | -$67K | -$93K | -$20K | -$34K | -$29K | -$32K | -$43K | -$22K | -$61K | -$18K | -$32K | $0 | $0 |
| Free Cash Flow | -$2.38M | -$2.39M | -$2.93M | -$3.69M | -$2.94M | -$3.29M | -$5.06M | -$962K | -$3.33M | -$3.69M | -$3.77M | -$2.67M | -$720K | -$525K | -$1.02M | -$759K | -$58K | -$282K | -$294K | -$41K | $20 | -$80K | -$169K | -$35K | -$59K |
| Cash at Beginning | $192K | $31K | $1.08M | $2.63M | $5.62M | $8.95M | $737K | $181K | $2.12M | $3.09M | $1.37M | $1.26M | $16K | $31K | $124K | $846K | $35K | $362K | $167K | $236K | $43K | $42K | $69K | $104K | $292 |
| Cash at End | $130K | $192K | $31K | $1.08M | $2.63M | $5.62M | $8.95M | $737K | $181K | $2.12M | $3.09M | $1.37M | $1.26M | $16K | $31K | $124K | $846K | $35K | $362K | $167K | $12K | $27K | $45K | $69K | $104K |