QHSLab, Inc. (USAQ)
QHSLab, Inc. is a company operating in the medical technology and Software-as-a-Service (SaaS) sectors. Its core focus is on advancing value-based healthcare, medical informatics, and personalized medicine driven by algorithms. The firm also develops digital therapeutic solutions and on-site technologies intended for remote patient oversight, the management of chronic conditions, and proactive health maintenance. Among its offerings is a proprietary cloud-based SaaS platform, also known as QHSLab (Quality Health Score Lab expert system). This system empowers physicians and healthcare organizations to securely record and store electronic patient data. Additionally, QHSLab, Inc. acts as a distributor, providing primary care physicians with AllergiEnd, a product line encompassing diagnostic tools and allergen immunotherapy treatments. All of its solutions are strategically designed to aid in the prevention, early identification, effective management, and potential reversal of chronic diseases. The company was established in 1983 and is headquartered in West Palm Beach, Florida. It operated under the name USA Equities Corp. until April 2022, when it officially rebranded to QHSLab, Inc. The company also maintains a strategic partnership with Medical License Factory, LLC.
Sector: Surgical & Medical Instruments & Apparatus
Industry: Medical - Devices
QHSLab, Inc.
OTC:USAQHealthcare · Medical - Devices
-0.99%$0.3000
Mkt Cap$4.51M
Float244K
O/S15.03M
Inst Own-
SI0.4%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$2.69M
Net Income$457K
Total Assets$2.17M
Free Cash Flow$178K
Debt & Equity
Debt 1%
Equity 99%
Preferred 0%
Total Debt$20K
Total Equity$1.62M
Preferred Stock$108
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in USAQ's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.17M
Liabilities$546K
Accounts Receivable$191K
Accounts Payable$326K
Inventory$36K
PP&E (Net)$0
Goodwill$0
Intangible Assets$1.29M
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 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | 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 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 |
| Revenue | $2.69M | $2.13M | $1.41M | $1.24M | $1.41M | $125K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $933K | $2.29M | $1.44M | $1.2M | $160K | $50K | $130K | $0 | $0 | $900K | $10K | $30K | $40K | $100K |
| YoY Growth | 26.3% | 51.3% | 13.3% | -12.1% | 1035.8% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -59.2% | 58.6% | 20.3% | 650.0% | 220.0% | -61.5% | - | - | - | 8900.0% | -66.7% | -25.0% | -60.0% | - |
| Cost of Revenue | $881K | $774K | $615K | $624K | $744K | $74K | $0 | $27K | $11K | $23K | $722K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $314K | $289K | $280K | $470K | $30K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $1.81M | $1.36M | $794K | $620K | $671K | $50K | $0 | -$27K | -$11K | -$23K | -$722K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $619K | $2M | $1.16M | $730K | $130K | $50K | $130K | $0 | $0 | $900K | $10K | $30K | $40K | $100K |
| Gross Margin | 67.3% | 63.7% | 56.3% | 49.8% | 47.4% | 40.2% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 66.3% | 87.4% | 80.6% | 60.8% | 81.3% | 100.0% | 100.0% | - | - | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $485K | $294K | $214K | $190K | $91K | $98K | $100K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $987K | $1.33M | $1.73M | $2.16M | $3.24M | $2.7M | $2.97M | $4.4M | $4.03M | $2.46M | $1.95M | $1.39M | $1.1M | $830K |
| Selling, General, and Administrative | $1.12M | $786K | $748K | $918K | $1.05M | $227K | $54K | $27K | $105 | $12K | $38K | $29K | $61K | $61K | $68K | $54K | $41K | $40K | $36K | $14K | $7K | $0 | $3.58M | $4.24M | $4.49M | $4.43M | $3.67M | $3.64M | $2.88M | $3.02M | $4.04M | $3.27M | $2.82M | $730K | $250K | $180K |
| Other | $72K | $72K | $72K | $72K | $36K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.1M | -$282K | $328K | $318K | $250K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$10K | $10K | -$10K |
| Total Operating Expenses | $1.68M | $1.15M | $1.03M | $1.18M | $1.17M | $325K | $154K | $27K | $105 | $12K | $38K | $29K | $61K | $61K | $68K | $54K | $41K | $40K | $36K | $14K | $7K | -$1.1M | $4.28M | $5.89M | $6.53M | $6.84M | $6.91M | $6.34M | $5.85M | $7.42M | $8.07M | $5.73M | $4.77M | $2.11M | $1.36M | $1M |
| Operating Income (EBIT) | $131K | $206K | -$240K | -$561K | -$502K | -$275K | -$154K | -$27K | -$11K | -$23K | -$722K | -$40K | -$61K | -$61K | -$68K | -$54K | -$41K | -$40K | -$36K | -$14K | -$7K | -$1.1M | -$3.94M | -$3.9M | -$5.37M | -$6.11M | -$6.78M | -$6.29M | -$5.72M | -$7.42M | -$8.07M | -$4.83M | -$4.75M | -$2.08M | -$1.32M | -$910K |
| Operating Margin | 4.9% | 9.7% | -17.0% | -45.1% | -35.5% | -220.9% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -422.6% | -170.3% | -372.0% | -509.2% | -4237.5% | -12580.0% | -4400.0% | - | - | -536.7% | -47500.0% | -6933.3% | -3300.0% | -910.0% |
| Interest Expense | $237K | $465K | $230K | $433K | $246K | $31K | $12K | $11K | $11K | $11K | $11K | $12K | $9K | $9K | $9K | $9K | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$300K | -$370K | -$1.41M | $110K | $0 | $0 | $0 | -$120K | -$190K | -$200K | -$120K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $326K | -$465K | -$228K | -$435K | -$268K | -$52K | -$12K | -$11K | -$11K | $0 | $0 | $0 | -$9K | -$9K | -$9K | -$9K | -$2K | $0 | $0 | $0 | $0 | -$1.47M | -$185K | $140K | $33K | -$300K | -$370K | -$1.41M | $110K | -$10K | $1.55M | $810K | $140K | -$20K | -$200K | -$120K |
| Income Before Tax (EBT) | $457K | -$259K | -$468K | -$996K | -$770K | -$327K | -$167K | -$39K | -$11K | -$23K | -$722K | -$40K | -$70K | -$70K | -$77K | -$63K | -$43K | -$40K | -$36K | -$14K | -$7K | -$2.57M | -$4.13M | -$3.76M | -$5.33M | -$6.41M | -$7.15M | -$7.7M | -$5.61M | -$7.43M | -$6.52M | -$4.02M | -$4.61M | -$2.1M | -$1.52M | -$1.03M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $105 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2K | $1.19M | $535K | $619K | -$600K | $0 | $0 | $0 | -$10K | $0 | $0 | $20K | $0 | $0 | $0 |
| Net Income | $457K | -$259K | -$468K | -$996K | -$770K | -$327K | -$167K | -$39K | -$11K | -$23K | -$722K | -$40K | -$70K | -$70K | -$77K | -$63K | -$43K | -$40K | -$36K | -$14K | -$7K | -$2.57M | -$4.29M | -$3.77M | -$5.35M | -$7.55M | -$7.15M | -$7.7M | -$5.61M | -$7.43M | -$6.52M | -$4.02M | -$4.61M | -$2.1M | -$1.52M | -$1.03M |
| Net Income Margin | 17.0% | -12.2% | -33.2% | -80.1% | -54.5% | -262.9% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -459.8% | -165.0% | -370.8% | -629.2% | -4468.8% | -15400.0% | -4315.4% | - | - | -446.7% | -46100.0% | -7000.0% | -3800.0% | -1030.0% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||
| EPS | 0.04 | -0.03 | -0.05 | -0.11 | -0.10 | -0.05 | -0.03 | -0.01 | -0.00 | -0.00 | -0.23 | -0.04 | -0.06 | -0.06 | -0.07 | -0.06 | -0.04 | -0.04 | -0.04 | -0.02 | -0.03 | -11.68 | -19.37 | -17.37 | -27.26 | -58.08 | -71.50 | -85.56 | -80.14 | -106.14 | -93.14 | -57.43 | -115.25 | -70.00 | -152.00 | -103.00 |
| Diluted EPS | 0.02 | -0.03 | -0.05 | -0.11 | -0.10 | -0.05 | -0.03 | -0.01 | -0.00 | -0.01 | -0.23 | -0.04 | -0.06 | -0.06 | -0.07 | -0.06 | -0.04 | -0.04 | -0.04 | -0.02 | -0.03 | -11.68 | -19.37 | -17.37 | -27.26 | -58.08 | -71.50 | -85.56 | -80.14 | -106.14 | -93.14 | -57.43 | -115.25 | -105.00 | -152.00 | -103.00 |
| Weighted Average OS | 11.30M | 10.29M | 9.42M | 9.00M | 7.86M | 6.20M | 5.41M | 5.88M | 5.88M | 5.88M | 3.14M | 1.09M | 1.09M | 1.09M | 1.09M | 1.09M | 1.09M | 1.09M | 929,541 | 854,831 | 248,749 | 220,000 | 221,430 | 217,375 | 196,330 | 130,000 | 100,000 | 90,000 | 70,000 | 70,000 | 70,000 | 70,000 | 40,000 | 30,000 | 10,000 | 10,000 |
| EBITDA | $786K | $352K | -$91K | -$435K | -$488K | -$296K | $0 | $0 | $0 | $0 | -$673K | $0 | $0 | -$61K | -$68K | -$54K | -$41K | -$40K | -$36K | -$14K | -$7K | $0 | -$3.35M | -$3.71M | -$5.08M | -$7.03M | -$6.5M | -$7.22M | -$5.11M | -$7.16M | -$6.36M | -$3.95M | -$4.68M | -$2.25M | -$1.68M | -$1.11M |
| EBITDA Margin | 29.2% | 16.5% | -6.5% | -35.0% | -34.5% | -238.0% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -359.2% | -162.1% | -352.3% | -585.8% | -4062.5% | -14440.0% | -3930.8% | - | - | -438.9% | -46800.0% | -7500.0% | -4200.0% | -1110.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | 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 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 |
| Assets | ||||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $636K | $157K | $52K | $179K | $287K | $94K | $24K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23 | $19 | $404 | $672K | $1.19M | $93K | $3.05M | $7.12M | $10.76M | $5.44M | $2.03M | $4.17M | $15.63M | $9.25M | $2.95M | $0 |
| 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 | $0 | $0 | $3.02M | $4.4M | $5.23M | $10.94M | $4.89M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $636K | $157K | $52K | $179K | $287K | $94K | $24K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23 | $19 | $404 | $672K | $1.19M | $93K | $3.05M | $7.12M | $13.78M | $9.84M | $7.26M | $15.11M | $20.52M | $9.25M | $2.95M | $0 |
| Accounts Receivable | $191K | $196K | $71K | $48K | $70K | $61K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25K | $146K | $211K | $180K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $36K | $42K | $25K | $52K | $66K | $100K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $330K | $531K | $511K | $550K | $300K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $20K | $26K | $8K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12K | $74K | $76K | $30K | $40K | $530K | $160K | $200K | $230K | $200K | $110K | $20K | $0 |
| Total Current Assets | $883K | $421K | $156K | $286K | $446K | $266K | $26K | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23 | $19 | $404 | $1.04M | $1.95M | $891K | $3.81M | $7.46M | $14.31M | $10M | $7.46M | $15.34M | $20.72M | $9.36M | $2.97M | $0 |
| Long-Term Assets | ||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $95K | $477K | $476K | $630K | $510K | $590K | $710K | $930K | $880K | $220K | $90K | $90K | $60K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $1.29M | $1.36M | $1.53M | $1.67M | $1.76M | $32K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.98M | $2.57M | $2.55M | $2.05M | $1.34M | $980K | $770K | $550K | $400K | $290K | $310K | $230K | $290K |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $648K | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $19K | $0 | $0 | $0 | $0 | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $82K | $98K | $19K | $20K | $80K | $590K | $1.04M | $20K | $20K | $0 | $0 | $0 | $70K |
| Total Long-Term Assets | $1.29M | $1.38M | $1.53M | $1.67M | $1.76M | $32K | $3K | $0 | $0 | $0 | $648K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.15M | $3.14M | $3.05M | $2.7M | $1.93M | $2.16M | $2.52M | $1.5M | $1.3M | $510K | $400K | $320K | $420K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | -$3K | $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 | $2.17M | $1.8M | $1.68M | $1.96M | $2.21M | $298K | $26K | $2K | $0 | $0 | $648K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23 | $19 | $404 | $3.19M | $5.09M | $3.94M | $6.51M | $9.39M | $16.47M | $12.52M | $8.96M | $16.64M | $21.23M | $9.76M | $3.29M | $420K |
| Liabilities | ||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||
| Accounts Payable | $326K | $341K | $79K | $86K | $20K | $160K | $21K | $539 | $11K | $11K | $13K | $13K | $2K | $10K | $8K | $4K | $500 | $2K | $0 | $13K | $5K | $639K | $368K | $1.58M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $20K | $1.72M | $1.78M | $1.5M | $796K | $55K | $0 | $0 | $70K | $0 | $329K | $332K | $332K | $76K | $76K | $0 | $0 | $0 | $0 | $82 | $82 | $16K | $200K | $746K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.3M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | -$20K | $0 | $0 | -$110K | -$70K | -$70K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$644K | -$370K | -$1.58M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $103K | $344K | $197K | $117K | $79K | $0 | $0 | $110K | $0 | $70K | -$329K | $0 | $0 | $0 | -$76K | $0 | $0 | $0 | $13 | $0 | $0 | $0 | $0 | $0 | $860K | $500K | $610K | $510K | $410K | $850K | $480K | $330K | $190K | $1.06M |
| Total Current Liabilities | $450K | $2.41M | $2.06M | $1.71M | $875K | $215K | $21K | $206 | $166K | $154K | $460K | $413K | $373K | $303K | $157K | $80K | $17K | $50K | $13 | $13 | $5K | $655K | $568K | $2.33M | $860K | $500K | $610K | $510K | $410K | $850K | $480K | $330K | $1.49M | $1.06M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $174K | $503K | $576K | $342K | $329K | $329K | $329K | $0 | $0 | $0 | $0 | $76K | $76K | $76K | $0 | $0 | $0 | $0 | $0 | $78K | $33K | $60K | $2.21M | $10.32M | $7.87M | $0 | $0 | $0 | $0 | $0 | $2.65M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $96K | $0 | $0 | $0 | $7K | $116K | $94K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$76K | $0 | $0 | $0 | $0 | $0 | $0 | -$7K | -$78K | -$3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $96K | $0 | $0 | $174K | $509K | $692K | $435K | $329 | $329K | $329K | $329K | $0 | $0 | $0 | $76K | $76K | $76K | $0 | $0 | $0 | $0 | $50K | $80K | $30K | $60K | $2.21M | $10.32M | $7.87M | $0 | $0 | $0 | $0 | $0 | $2.65M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$329K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7K | -$2K | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $546K | $2.41M | $2.06M | $1.88M | $1.38M | $906K | $456K | $535K | $495K | $484K | $460K | $413K | $373K | $303K | $233K | $156K | $93K | $50K | $13K | $13K | $5K | $712K | $646K | $2.36M | $920K | $2.71M | $10.93M | $8.38M | $410K | $850K | $480K | $330K | $1.49M | $3.71M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||||
| Preferred Stock | $108 | $372 | $372 | $372 | $372 | $108 | $108 | $0 | $0 | $0 | $648K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $2K | $1K | $974 | $932 | $876 | $656 | $576 | $359 | $359 | $359 | $599 | $109 | $109 | $109 | $109 | $109 | $22K | $22K | $22K | $18K | $14K | $44K | $44K | $40K | $40K | $20K | $20K | $10K | $10K | $10K | $10K | $10K | $10K | $0 |
| Retained Earnings | -$3.9M | -$4.33M | -$3.98M | -$3.51M | -$2.52M | -$1.75M | -$1.42M | -$1.25M | -$1.22M | -$1.2M | -$1.18M | -$459K | -$419K | -$349K | -$280K | -$202K | -$140K | -$97K | -$57K | -$21K | -$7K | -$73.72M | -$68.54M | -$62.31M | -$56.96M | -$49.42M | -$42.27M | -$34.57M | -$28.96M | -$21.53M | -$15.01M | -$10.99M | -$6.39M | -$4.29M |
| Comprehensive Income & Other | $0 | $0 | -$973 | $0 | -$7K | -$124K | $0 | $0 | -$0 | $0 | -$648K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2K | -$6K | -$7K | -$1.95M | -$1.96M | -$1.84M | -$1.72M | -$1.48M | -$1.18M | -$900K | -$650K | -$420K | -$280K | -$240K | -$200K | $0 |
| Other Stockholders' Equity | $5.53M | $3.72M | $3.61M | $3.59M | $3.34M | $1.14M | $991K | $721K | $721K | $721K | $721K | $46K | $46K | $46K | $46K | $46K | $25K | $25K | $22K | -$11K | -$12K | $76.16M | $72.94M | $63.85M | $62.52M | $56.08M | $47.79M | $38.71M | $37.51M | $37.31M | $35.75M | $20.41M | $8.18M | $1M |
| Total Equity | $1.62M | -$608K | -$376K | $76K | $824K | -$608K | -$430K | -$534K | -$495K | -$484K | -$460K | -$413K | -$373K | -$303K | -$233K | -$156K | -$93K | -$50K | -$13K | -$13K | -$5K | $2.48M | $4.44M | $1.58M | $5.6M | $6.68M | $5.54M | $4.15M | $8.56M | $15.79M | $20.75M | $9.43M | $1.8M | -$3.29M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.17M | $1.8M | $1.68M | $1.96M | $2.21M | $298K | $26K | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23 | $19 | $404 | $3.19M | $5.09M | $3.94M | $6.52M | $9.39M | $16.47M | $12.53M | $8.97M | $16.64M | $21.23M | $9.76M | $3.29M | $420K |
| Supplementary Data | ||||||||||||||||||||||||||||||||||
| Total Debt | $20K | $1.72M | $1.78M | $1.68M | $1.3M | $631K | $342K | $330K | $330K | $330K | $329K | $332K | $332K | $76K | $76K | $76K | $76K | $0 | $0 | $82 | $82 | $73K | $278K | $779K | $120K | $2.21M | $10.32M | $7.87M | $0 | $0 | $0 | $0 | $1.3M | $2.65M |
| Net Debt | -$616K | $1.57M | $1.73M | $1.5M | $1.01M | $537K | $318K | $330 | $330K | $330K | $329K | $332K | $332K | $76K | $76K | $76K | $76K | $0 | -$23 | $63 | -$322 | -$599K | -$916K | $686K | -$2.93M | -$4.91M | -$440K | $2.43M | -$2.03M | -$4.17M | -$15.63M | -$9.25M | -$1.65M | $2.65M |
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 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | 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 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 |
| Operating Activities | ||||||||||||||||||||||||||||||||||||
| Net Income | $457K | -$259K | -$468K | -$996K | -$770K | -$327K | -$167K | -$39K | -$11K | -$23K | -$722K | -$40K | -$70K | -$70K | -$77K | -$63K | -$43K | -$40K | -$36K | -$14K | -$7K | -$2.57M | -$4.29M | -$3.77M | -$5.35M | -$7.55M | -$7.15M | -$7.7M | -$5.61M | -$7.43M | -$6.52M | -$4.02M | -$4.61M | -$2.1M | -$1.52M | -$1.03M |
| Depreciation & Amortization | $91K | $147K | $147K | $128K | $36K | $0 | $154K | $27K | $105 | $12K | $38K | $29K | $61K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$310K | -$328K | -$318K | $820K | $1.02M | $1.89M | $390K | $270K | $160K | $70K | $50K | $40K | $40K | $40K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $21K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $6K | $30K | $36K | $7K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||||||||
| Accounts Receivable | -$2K | -$129K | -$34K | $15K | -$10K | -$61K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $30K | -$112K | $65K | -$34K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $6K | -$17K | $27K | $14K | $34K | -$100K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $330K | -$73K | -$20K | $34K | -$250K | -$300K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$15K | $262K | -$7K | $65K | -$125K | $131K | $20K | $848 | $11K | $9K | $12K | $22K | $2K | $11K | $13K | $17K | $2K | $2K | $0 | $8K | $5K | $0 | $219K | -$1.06M | $840K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $176K | $119K | $76K | $70K | $71K | $14K | $11K | -$2K | $0 | $0 | $12K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$740K | $78K | $10K | -$29K | -$3.76M | -$6.44M | $4.21M | $2.44M | -$7.44M | -$5.75M | $11.21M | $7.55M | $2.54M | -$1.06M | $0 |
| Total Working Capital Change | $165K | $236K | $62K | $164K | -$30K | -$8K | $32K | -$902 | $11K | $9K | $12K | $22K | $2K | $11K | $13K | $17K | $2K | $2K | $0 | $8K | $5K | -$380K | $112K | -$1.01M | $811K | -$4.01M | -$6.74M | $4.21M | $2.44M | -$7.44M | -$5.75M | $11.21M | $7.55M | $2.54M | -$1.06M | $0 |
| Other Non-Cash Items | -$535K | $19K | $94K | $323K | $353K | $163K | -$154K | -$27K | -$105 | -$12K | $634K | -$29K | -$5K | $56K | $61K | $46K | $40K | $38K | $32K | $0 | $0 | $2.23M | $1.17M | $959K | $1.13M | $5.56M | $7.28M | -$4.02M | -$2.18M | $7.55M | $5.36M | -$11.15M | -$6.47M | -$3.22M | $1.71M | $0 |
| Net Cash from Operating | $178K | $142K | -$160K | -$351K | -$355K | -$166K | -$135K | -$40K | -$105 | -$14K | -$38K | -$18K | -$12K | -$3K | -$3K | $0 | -$646 | -$563 | -$4K | -$6K | -$2K | -$720K | -$3.31M | -$4.15M | -$3.72M | -$5.18M | -$5.59M | -$5.62M | -$4.96M | -$7.05M | -$6.75M | -$3.89M | -$3.48M | -$2.74M | -$830K | -$990K |
| Investing Activities | ||||||||||||||||||||||||||||||||||||
| Capital Expenditures | $0 | $0 | -$3 | -$37K | -$155K | -$32K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7K | -$32K | -$552K | -$40K | -$220K | -$160K | -$40K | -$280K | -$800K | -$170K | -$30K | -$60K | -$10K | -$20K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $935K | -$203K | $4K | -$350K | $2.59M | $1.1M | $590K | $5M | -$5.48M | -$4.89M | -$100K | -$40K | -$90K | -$30K |
| Net Cash from Investing | $0 | $0 | $0 | -$37K | -$155K | -$32K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $928K | -$235K | -$548K | -$390K | $2.37M | $940K | $550K | $4.72M | -$6.28M | -$5.06M | -$130K | -$100K | -$100K | -$50K |
| Financing Activities | ||||||||||||||||||||||||||||||||||||
| Debt Repaid | $199K | $37K | -$29K | -$260K | -$757K | -$268K | -$158K | -$40K | -$105 | -$14K | -$38K | -$18K | -$12K | -$3K | -$3K | - | -$646 | -$40 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $500K | $0 | $0 | $50K | $30K | $0 | $217 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $500 | $4K | $6K | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $3.18M | $830K | $1.44M | $20K | $200K | $1.57M | $15.33M | $11.21M | $5.7M | $0 | $0 |
| Dividends Paid | $0 | -$89K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $30K | $89K | $3K | -$30K | -$85K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $82 | $50K | $1.86M | $5.49M | $1.32M | $1.5M | -$420K | $10M | $7.81M | $200K | $1.57M | $15.33M | $9.91M | $5.78M | $900K | $1.05M |
| Net Cash from Financing | $301K | -$37K | $33K | $280K | $702K | $268K | $158K | $40K | $105 | $14K | $38K | $18K | $12K | $3K | $3K | $0 | $646 | $540 | $4K | $6K | $2K | $50K | $1.86M | $5.49M | $1.32M | $1.5M | -$420K | $10M | $7.81M | $200K | $1.57M | $15.33M | $9.91M | $5.78M | $900K | $1.05M |
| 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 | $0 | $0 | $0 | $10K | -$10K | $0 | $0 | $0 | $10K | $10K | $10K |
| Net Change in Cash | $479K | $106K | -$127K | -$108K | $193K | $71K | $24K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$23 | $4 | -$385 | $404 | -$670K | -$522K | $1.1M | -$2.95M | -$4.07M | -$3.64M | $5.32M | $3.41M | -$2.14M | -$11.46M | $6.38M | $6.3M | $2.95M | -$20K | $20K |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | $178K | $142K | -$160K | -$351K | -$355K | -$166K | -$135K | -$40K | -$105 | -$14K | -$38K | -$18K | -$12K | -$3K | -$3K | $0 | -$646 | -$563 | -$4K | -$6K | -$2K | -$720K | -$3.31M | -$4.15M | -$3.72M | -$5.18M | -$5.59M | -$5.62M | -$4.96M | -$7.05M | -$6.75M | -$3.89M | -$3.48M | -$2.74M | -$830K | -$990K |
| Capital Expenditure | $0 | $0 | -$3 | -$37K | -$155K | -$32K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7K | -$32K | -$552K | -$40K | -$220K | -$160K | -$40K | -$280K | -$800K | -$170K | -$30K | -$60K | -$10K | -$20K |
| Free Cash Flow | $178K | $142K | -$160K | -$388K | -$509K | -$197K | -$135K | -$40K | -$105 | -$14K | -$38K | -$18K | -$12K | -$3K | -$3K | $0 | -$646 | -$563 | -$4K | -$6K | -$2K | -$720K | -$3.32M | -$4.18M | -$4.28M | -$5.22M | -$5.81M | -$5.78M | -$5M | -$7.33M | -$7.55M | -$4.06M | -$3.51M | -$2.8M | -$840K | -$1.01M |
| Cash at Beginning | $157K | $52K | $179K | $287K | $94K | $24K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23 | $19 | $404 | $0 | $670K | $1.19M | $93K | $3.05M | $7.12M | $10.76M | $5.44M | $2.03M | $4.17M | $15.63M | $9.25M | $2.95M | $0 | $0 | $0 |
| Cash at End | $636K | $157K | $52K | $179K | $287K | $94K | $24K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23 | $19 | $404 | $0 | $672K | $1.19M | $93K | $3.05M | $7.12M | $10.76M | $5.44M | $2.03M | $4.17M | $15.63M | $9.25M | $2.95M | -$20K | $20K |