TX Rail Products, Inc. (TXRP)
TX Rail Products, Inc engages in the supplying, distributing, and selling rail material to the coal mining industry, short line railroads, and tunneling contractors in the United States. It also offers rail accessories and tee rail products. The company was formerly known as TX Holdings, Inc. and changed its name to TX Rail Products, Inc in January 2024. TX Rail Products, Inc was incorporated in 2000 and is headquartered in Ashland, Kentucky.
Sector: Wholesale-Industrial Machinery & Equipment
Industry: Industrial - Distribution
TX Rail Products, Inc
OTC:TXRPIndustrials · Industrial - Distribution
+0.00%$0.2460
Mkt Cap$11.82M
Float34.57M
O/S48.05M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$8.26M
Net Income$1.03M
Total Assets$6.54M
Free Cash Flow-$1.45M
Debt & Equity
Debt 74%
Equity 26%
Total Debt$4M
Total Equity$1.44M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in TXRP's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$6.54M
Liabilities$5.11M
Accounts Receivable$1M
Accounts Payable$120K
Inventory$5.1M
PP&E (Net)$316K
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 | 2006-09-30 | 2005-09-30 | 2004-09-30 | 2003-09-30 | 2002-09-30 |
| Revenue | $8.26M | $8.15M | $7.01M | $3.91M | $3.44M | $2.34M | $3.93M | $3.84M | $3.01M | $2.13M | $3.11M | $4.29M | $4.89M | $2.32M | $60K | $20K | $7K | $9K | $0 | $0 | $0 | $27K | $38K | $51K |
| YoY Growth | 1.3% | 16.3% | 79.3% | 13.6% | 47.3% | -40.6% | 2.5% | 27.7% | 41.3% | -31.5% | -27.5% | -12.4% | 110.7% | 3754.9% | 197.5% | 193.3% | -25.8% | - | - | - | - | -30.0% | -26.1% | - |
| Cost of Revenue | $6.13M | $5.96M | $5.62M | $2.93M | $2.8M | $1.88M | $3.31M | $3.18M | $2.27M | $1.86M | $2.47M | $3.15M | $3.33M | $1.85M | $188K | $224K | $704K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $2.12M | $2.19M | $1.39M | $979K | $644K | $452K | $621K | $655K | $733K | $269K | $636K | $1.14M | $1.56M | $476K | -$164K | -$204K | -$697K | $9K | $0 | $0 | $0 | $27K | $38K | $51K |
| Gross Margin | 25.7% | 26.8% | 19.9% | 25.0% | 18.7% | 19.3% | 15.8% | 17.1% | 24.4% | 12.6% | 20.5% | 26.5% | 31.9% | 20.5% | -272.8% | -1006.1% | -10094.4% | 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 |
| Selling, General, and Administrative | $1.05M | $895K | $718K | $561K | $502K | $111K | $131K | $183K | $17K | $63K | $875K | $1.15M | $1.15M | $906K | $30K | $251K | $452K | $768K | $3.79M | $5M | $236K | $111 | $3K | $5K |
| Other | $0 | $0 | $0 | $0 | $0 | $392K | $406K | $377K | $719K | $765K | -$323K | $28K | $17K | $12K | $4K | $306K | $0 | $508 | $1K | $780 | $0 | $159K | $542K | $330K |
| Total Operating Expenses | $1.05M | $895K | $718K | $561K | $502K | $503K | $538K | $560K | $736K | $827K | $551K | $1.17M | $1.16M | $918K | $34K | $557K | $452K | $769K | $3.79M | $5M | $236K | $159K | $545K | $335K |
| Operating Income (EBIT) | $1.07M | $1.29M | $674K | $418K | $143K | -$54K | $69K | $58K | -$10K | -$558K | -$262K | -$37K | $400K | -$442K | -$12.2M | -$1.01M | -$1.15M | -$759K | -$3.79M | -$5M | -$236K | -$133K | -$507K | -$284K |
| Operating Margin | 13.0% | 15.9% | 9.6% | 10.7% | 4.2% | -2.3% | 1.7% | 1.5% | -0.3% | -26.2% | -8.4% | -0.9% | 8.2% | -19.0% | -20253.9% | -5002.8% | -16643.5% | -8156.7% | - | - | - | -498.8% | -1333.4% | -551.7% |
| Interest Expense | $55K | $30K | $26K | $17K | $26K | $21K | $131K | $129K | $126K | $129K | $126K | $99K | $92K | $116K | $129K | $128K | $127K | $117K | $291K | $18K | $0 | $7K | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10K | $9K |
| Other Income (Expense) | -$42K | $6K | -$26K | -$37K | -$9K | $0 | -$26K | -$113K | -$115K | -$120K | -$110K | $478K | $19K | $58K | -$543K | -$252K | $4 | $200K | -$7K | $710 | $0 | $1K | $4K | $26K |
| Income Before Tax (EBT) | $1.03M | $1.3M | $648K | $381K | $134K | $4K | $42K | -$55K | -$125K | -$679K | -$373K | $341K | $327K | -$500K | -$12.75M | -$1.27M | -$1.15M | -$559K | -$3.79M | -$5M | $0 | -$131K | -$520K | -$319K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $100K | $243K | $145K | $137K | $138K | $126K | -$122K | -$135K | $116K | $129K | $683K | $127K | -$83K | $298K | $18K | $794K | $6K | $7K | $94K |
| Net Income | $1.03M | $1.3M | $648K | $381K | $134K | $4K | $42K | -$55K | -$125K | -$679K | -$373K | $341K | $327K | -$500K | -$101K | -$1.14M | -$1.28M | -$676K | -$4.09M | -$5.02M | -$1.03M | -$139K | -$513K | -$378K |
| Net Income Margin | 12.4% | 15.9% | 9.3% | 9.7% | 3.9% | 0.2% | 1.1% | -1.4% | -4.1% | -31.9% | -12.0% | 8.0% | 6.7% | -21.5% | -168.3% | -5635.5% | -18483.9% | -7263.9% | - | - | - | -521.2% | -1350.5% | -735.2% |
| Supplementary Data | ||||||||||||||||||||||||
| EPS | 0.02 | 0.03 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.01 | -0.01 | 0.01 | 0.01 | -0.01 | -0.00 | -0.02 | -0.03 | -0.02 | -0.14 | -0.25 | -0.06 | -0.01 | -0.04 | -0.03 |
| Diluted EPS | 0.02 | 0.03 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.01 | -0.01 | 0.01 | 0.01 | -0.01 | -0.00 | -0.02 | -0.03 | -0.02 | -0.14 | -0.25 | -0.06 | -0.01 | -0.04 | -0.03 |
| Weighted Average OS | 45.00M | 45.10M | 46.84M | 48.05M | 48.05M | 48.05M | 48.05M | 48.05M | 48.05M | 48.05M | 48.05M | 48.05M | 47.89M | 50.64M | 53.12M | 51.65M | 46.18M | 42.06M | 28.75M | 20.19M | 15.96M | 15.37M | 12.48M | 12.48M |
| EBITDA | $1.13M | $1.36M | $692K | $429K | $153K | $36K | $76K | $65K | $18K | -$370K | -$252K | -$28K | $417K | -$430K | -$194K | $4K | -$1.15M | -$959K | -$3.78M | -$5M | -$235K | -$132K | -$505K | -$297K |
| EBITDA Margin | 13.7% | 16.6% | 9.9% | 11.0% | 4.5% | 1.6% | 1.9% | 1.7% | 0.6% | -17.4% | -8.1% | -0.6% | 8.5% | -18.5% | -322.5% | 17.5% | -16598.0% | -10297.7% | - | - | - | -494.4% | -1329.7% | -576.5% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 | 2006-09-30 | 2005-09-30 | 2004-09-30 | 2003-09-30 | 2002-09-30 |
| Assets | ||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||
| Cash and Cash Equivalents | $111K | $114K | $159K | $109K | $59K | $24K | $17K | $37K | $40K | $3K | $62K | $73K | $175K | $3K | $3K | $6K | $7K | $4K | $0 | $333K | $10K | $0 | $930 | $2K |
| Short-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 |
| Cash and Short-Term Investments | $111K | $114K | $159K | $109K | $59K | $24K | $17K | $37K | $40K | $3K | $62K | $73K | $175K | $3K | $3K | $6K | $7K | $4K | $0 | $333K | $10K | $0 | $930 | $2K |
| Accounts Receivable | $1M | $641K | $803K | $604K | $431K | $115K | $275K | $260K | $458K | $245K | $595K | $513K | $436K | $210K | $0 | $0 | $0 | $1K | $0 | $0 | $0 | $0 | $0 | $3K |
| Inventory | $5.1M | $2.85M | $2.6M | $2.24M | $1.87M | $2.04M | $1.48M | $1.8M | $1.69M | $1.81M | $2.22M | $2.76M | $1.85M | $772K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $16K | $141K | $2K | $4K | $1K | $483 | $2K | $1K | $26K | $69K | $76K | $45K | $27K | $100K | $0 | $0 | $0 | $0 | $0 | $15K | $0 | $0 | $0 | $0 |
| Total Current Assets | $6.23M | $3.74M | $3.56M | $2.95M | $2.36M | $2.18M | $1.78M | $2.1M | $2.21M | $2.12M | $2.96M | $3.39M | $2.49M | $1.09M | $3K | $6K | $7K | $5K | $0 | $348K | $10K | $0 | $930 | $6K |
| Long-Term Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment Net | $316K | $365K | $82K | $14K | $25K | $28K | $15K | $40K | $47K | $57K | $67K | $73K | $43K | $56K | $134K | $189K | $772K | $1.1M | $617K | $290K | $1K | $4K | $6K | $14K |
| 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 |
| 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 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20K | $0 | $0 | $0 | $0 | $0 | $50K | $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 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $350K | $0 | $500 | $301K | $320K | $21K | $28K | $80K | $50K | $0 | $50K | $50K | $383K | $253K | $0 | $250 | $250 | $1K |
| Total Long-Term Assets | $316K | $365K | $82K | $14K | $25K | $28K | $365K | $40K | $47K | $377K | $387K | $94K | $71K | $136K | $184K | $239K | $822K | $1.15M | $1M | $543K | $1K | $4K | $6K | $15K |
| 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 |
| Total Assets | $6.54M | $4.11M | $3.65M | $2.97M | $2.38M | $2.21M | $2.14M | $2.14M | $2.26M | $2.5M | $3.34M | $3.49M | $2.56M | $1.22M | $187K | $245K | $828K | $1.15M | $1M | $891K | $11K | $4K | $7K | $21K |
| Liabilities | ||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||
| Accounts Payable | $120K | $60K | $967K | $689K | $373K | $254K | $321K | $530K | $655K | $625K | $947K | $1.05M | $692K | $280K | $1.11M | $158K | $158K | $603K | $492K | $455K | $220K | $0 | $0 | $384K |
| Short-Term Debt | $2M | $0 | $80K | $25K | $58K | $430K | $69K | $59K | $606K | $662K | $712K | $549K | $249K | $1.35M | $1.49M | $1.49M | $1.49M | $170K | $170K | $0 | $0 | $21K | $21K | $20K |
| 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 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $99K | $96K | $92K | $34K | $199K | $0 | $43K | $500K | $307K | $171K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3K |
| Other Current Liabilities | $955K | $1.19M | $1.33M | $1.41M | $1.45M | $1.37M | $1.5M | $1.49M | $1.56M | $1.46M | $1.77M | $1.66M | $1.58M | $1.07M | $1.11M | $1.21M | $963K | $887K | $723K | $1.45M | $435K | $364K | $356K | $450K |
| Total Current Liabilities | $3.11M | $1.25M | $2.38M | $2.13M | $1.88M | $2.16M | $1.67M | $1.64M | $2.2M | $2.32M | $2.48M | $2.25M | $2.33M | $2.73M | $2.77M | $2.7M | $2.45M | $1.06M | $893K | $1.45M | $435K | $384K | $376K | $473K |
| Long-Term Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | $2M | $2.45M | $2.14M | $2.27M | $2.31M | $2M | $2.43M | $2.49M | $2M | $2M | $2M | $2M | $1.35M | $0 | $0 | $0 | $0 | $1.2M | $1.2M | $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 |
| 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 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $23K | $51K | $86K | $86K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $2M | $2.45M | $2.14M | $2.27M | $2.31M | $2M | $2.43M | $2.49M | $2M | $2M | $2M | $2M | $1.35M | $5K | $23K | $51K | $86K | $1.29M | $1.2M | $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 |
| Total Liabilities | $5.11M | $3.7M | $4.52M | $4.4M | $4.2M | $4.16M | $4.09M | $4.13M | $4.2M | $4.32M | $4.48M | $4.25M | $3.68M | $2.73M | $2.79M | $2.75M | $2.54M | $2.34M | $2.09M | $1.45M | $435K | $384K | $376K | $473K |
| Stockholders' Equity | ||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.02M | $1.02M | $0 | $0 | $0 | $0 |
| Common Stock | $8.7M | $8.7M | $8.78M | $9.29M | $9.29M | $9.29M | $9.29M | $9.29M | $9.29M | $9.29M | $9.29M | $9.29M | $9.29M | $9.23M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.53M | $1.5M | $808K |
| Retained Earnings | -$12.08M | -$13.1M | -$14.4M | -$15.05M | -$15.43M | -$15.56M | -$15.57M | -$15.61M | -$15.56M | -$15.43M | -$14.75M | -$14.38M | -$14.72M | -$15.05M | -$1.8M | -$1.8M | -$1.8M | -$12.03M | -$9.55M | -$5.47M | -$2.04M | -$1.91M | -$1.77M | -$1.26M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$12.75M | -$12.64M | -$11.5M | $0 | -$1.8M | -$1.8M | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $4.81M | $4.81M | $4.75M | $4.32M | $4.32M | $4.32M | $4.32M | $4.32M | $4.32M | $4.32M | $4.32M | $4.32M | $4.3M | $4.3M | -$800K | -$706K | $93K | $10.84M | $8.46M | $4.91M | $1.62M | $0 | -$92K | $0 |
| Total Equity | $1.44M | $409K | -$872K | -$1.43M | -$1.82M | -$1.95M | -$1.95M | -$2M | -$1.94M | -$1.82M | -$1.14M | -$765K | -$1.12M | -$1.51M | -$2.6M | -$2.51M | -$1.71M | -$1.19M | -$1.09M | -$559K | -$424K | -$380K | -$369K | -$452K |
| 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 |
| Total Liabilities and Equity | $6.54M | $4.11M | $3.65M | $2.97M | $2.38M | $2.21M | $2.14M | $2.14M | $2.26M | $2.5M | $3.34M | $3.49M | $2.56M | $1.22M | $187K | $245K | $828K | $1.15M | $1M | $891K | $11K | $4K | $7K | $21K |
| Supplementary Data | ||||||||||||||||||||||||
| Total Debt | $4M | $2.45M | $2.22M | $2.3M | $2.37M | $2.43M | $2.49M | $2.55M | $2.61M | $2.66M | $2.71M | $2.55M | $249K | $1.35M | $1.49M | $1.49M | $1.49M | $1.37M | $1.37M | $0 | $0 | $21K | $21K | $20K |
| Net Debt | $3.89M | $2.34M | $2.06M | $2.19M | $2.31M | $2.41M | $2.48M | $2.51M | $2.57M | $2.66M | $2.65M | $2.48M | $73K | -$3K | $1.49M | $1.48M | $1.48M | $1.37M | $1.37M | -$333K | -$10K | $21K | $20K | $18K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 | 2006-09-30 | 2005-09-30 | 2004-09-30 | 2003-09-30 | 2002-09-30 |
| Operating Activities | ||||||||||||||||||||||||
| Net Income | $1.03M | $1.3M | $648K | $381K | $134K | $4K | $42K | -$55K | -$125K | -$679K | -$373K | $341K | $327K | -$500K | -$101K | -$1.14M | -$1.28M | -$676K | -$4.09M | -$5.02M | -$1.03M | -$139K | -$513K | -$378K |
| Depreciation & Amortization | $49K | $28K | $18K | $11K | $10K | $9K | $7K | $7K | $10K | $10K | $10K | $10K | $17K | $12K | $4K | $4K | $3K | $508 | $1K | $780 | $480 | $3K | $5K | $13K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14K | -$104K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $347 | $17K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||
| Accounts Receivable | -$390K | $134K | -$199K | -$173K | -$316K | $158K | -$30K | $161K | -$230K | $180K | -$96K | $0 | -$242K | -$200K | -$2K | $0 | -$448 | $0 | $0 | $0 | $0 | $0 | $3K | -$2K |
| Inventory | -$2.25M | -$248K | -$363K | -$370K | $173K | -$208K | -$33K | -$108K | $416K | $126K | $239K | -$913K | -$1.08M | -$772K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $60K | -$907K | $278K | $316K | $120K | -$67K | -$209K | -$125K | $30K | -$321K | -$108K | $362K | $462K | $268K | $251K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $29K | -$97K | $74K | -$18K | -$98K | -$12K | $137K | $77K | $120K | $116K | $60K | $0 | $284K | $0 | $0 | $0 | $311K | $0 | $0 | $0 | $0 | $0 | $16K | $152K |
| Total Working Capital Change | -$2.55M | -$1.12M | -$210K | -$245K | -$121K | -$129K | -$136K | $5K | $336K | $100K | $95K | -$574K | -$573K | -$629K | $193K | $248K | $311K | -$166K | $110K | $1.08M | $143K | $2K | $19K | $150K |
| Other Non-Cash Items | $30K | $19K | $0 | $0 | $0 | $3K | $22K | $38K | $37K | $487K | -$500 | $19K | -$8K | -$6K | -$219K | $795K | $872K | $498K | $3.13M | $3.71M | $0 | $35K | $295K | $61K |
| Net Cash from Operating | -$1.45M | $228K | $455K | $146K | $23K | -$114K | -$64K | -$5K | $258K | -$82K | -$254K | -$292K | -$237K | -$1.12M | -$122K | -$95K | -$91K | -$344K | -$842K | -$224K | -$886K | -$99K | -$194K | -$155K |
| Investing Activities | ||||||||||||||||||||||||
| Capital Expenditures | $0 | -$311K | -$86K | $0 | -$7K | -$22K | $0 | $0 | $0 | $0 | -$4K | -$46K | -$13K | -$19K | $0 | -$11K | -$58K | -$21K | -$171K | -$543K | $0 | $0 | -$2K | -$2K |
| Acquisitions | $0 | $9K | $0 | $0 | $0 | $0 | $11K | $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 | $0 | $0 | $0 | $0 | $0 | $0 | -$34K |
| Sales 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 | $70K |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $24K | $6K | $40K | $0 | $0 | $0 | $0 | $0 | $0 | $791K | $0 | $17K | $0 |
| Net Cash from Investing | $0 | -$302K | -$86K | $0 | -$7K | -$22K | $11K | $0 | $0 | $0 | -$3K | -$22K | -$8K | $21K | $0 | -$11K | -$58K | -$21K | -$171K | -$543K | $791K | $0 | $14K | $34K |
| Financing Activities | ||||||||||||||||||||||||
| Debt Repaid | - | -$231K | $80K | $72K | $58K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $103K | $20K | $73K | $75K | $1.17M | $0 | $92K | $170K | $17K |
| Common Stock Repurchases | $0 | -$17K | -$86K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$29K | $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 |
| Other Financing Activities | -$105K | -$185K | -$154K | -$25K | $77K | $142K | $34K | $2K | -$221K | $24K | $245K | $212K | $417K | $1.1M | $119K | $2.55M | $152K | $368K | $680K | $1.1M | $86K | $98K | $179K | $101K |
| Net Cash from Financing | $1.44M | $29K | -$319K | -$97K | $19K | $142K | $34K | $2K | -$221K | $24K | $245K | $212K | $417K | $1.1M | $119K | $2.55M | $152K | $368K | $680K | $1.1M | $86K | $98K | $179K | $101K |
| 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 |
| Net Change in Cash | -$3K | -$45K | $50K | $50K | $35K | $7K | -$20K | -$4K | $37K | -$59K | -$11K | -$102K | $172K | $116 | -$3K | $2.55M | $3K | $4K | -$333K | $333K | -$9K | -$930 | -$2K | -$20K |
| Supplementary Data | ||||||||||||||||||||||||
| Operating Cash Flow | -$1.45M | $228K | $455K | $146K | $23K | -$114K | -$64K | -$5K | $258K | -$82K | -$254K | -$292K | -$237K | -$1.12M | -$122K | -$95K | -$91K | -$344K | -$842K | -$224K | -$886K | -$99K | -$194K | -$155K |
| Capital Expenditure | $0 | -$311K | -$86K | $4 | -$7K | -$22K | $0 | $0 | $0 | $0 | -$4K | -$46K | -$13K | -$19K | $0 | -$11K | -$58K | -$21K | -$171K | -$543K | $0 | $0 | -$2K | -$2K |
| Free Cash Flow | -$1.45M | -$83K | $370K | $146K | $16K | -$135K | -$64K | -$5K | $258K | -$82K | -$258K | -$338K | -$251K | -$1.14M | -$122K | -$105K | -$149K | -$365K | -$1.01M | -$767K | -$886K | -$99K | -$197K | -$156K |
| Cash at Beginning | $114K | $159K | $109K | $59K | $24K | $17K | $37K | $40K | $3K | $62K | $73K | $175K | $3K | $3K | $6K | $0 | $4K | $0 | $333K | $0 | $9K | $930 | $2K | $22K |
| Cash at End | $111K | $114K | $159K | $109K | $59K | $24K | $17K | $37K | $40K | $3K | $62K | $73K | $175K | $3K | $3K | $2.55M | $7K | $4K | $0 | $333K | $0 | $0 | $930 | $2K |