SolarWindow Technologies, Inc. (WNDW)
SolarWindow Technologies, Inc. focuses on creating cutting-edge coatings that generate electricity, primarily intended for integration into building windows and various glass surfaces. Their signature product, dubbed LiquidElectricity coatings, is engineered to produce power by capturing ambient light. These coatings are remarkably efficient, drawing energy from a range of sources including direct sunlight, artificial indoor illumination, and even subtle, shaded, or reflected light conditions. The company's process involves applying extremely thin layers of its LiquidElectricity technology onto diverse materials such as rigid glass, flexible glass, and plastic substrates. This innovative application effectively transforms conventional surfaces into sophisticated organic photovoltaic devices. The potential applications for these adaptable coatings are extensive, covering numerous industries like architecture, automotive manufacturing, agrivoltaics, aerospace, commercial transportation, and marine sectors. Currently, SolarWindow Technologies' LiquidElectricity coatings and related SolarWindow products are in an active development phase. This research is backed by partnerships with commercial contract firms and through collaborative research and development agreements with the U.S. Department of Energy's National Renewable Energy Laboratory. Founded in 1998, the company maintains its headquarters in Scottsdale, Arizona.
Sector: Industrial Organic Chemicals
Industry: Renewable Utilities
SolarWindow Technologies, Inc.
OTC:WNDWUtilities · Renewable Utilities
+2.14%$1.43
Mkt Cap$94.06M
Float21.35M
O/S65.78M
Inst Own0.0%
SI0.9%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$2.26M
Total Assets$6.65M
Free Cash Flow-$1.54M
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$6.45M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in WNDW's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$6.65M
Liabilities$194K
Accounts Receivable$0
Accounts Payable$114K
Inventory$0
PP&E (Net)$43K
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-08-31 | 2024-08-31 | 2023-08-31 | 2022-08-31 | 2021-08-31 | 2020-08-31 | 2019-08-31 | 2018-08-31 | 2017-08-31 | 2016-08-31 | 2015-08-31 | 2014-08-31 | 2013-08-31 | 2012-08-31 | 2011-08-31 | 2010-08-31 | 2009-08-31 | 2008-08-31 | 2007-08-31 | 2006-08-31 | 2005-08-31 | 2004-08-31 |
| Revenue | $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 | $8K | $11K | $15K | $30K | $28K | $24K | $18K | $16K | $14K | $12K | $0 | $0 | $0 | $0 | $0 | $98K | $90K | $131K | $135K | $12K | $0 | $0 |
| Gross Profit | -$8K | -$11K | -$15K | -$30K | -$28K | -$24K | -$18K | -$16K | -$14K | -$12K | $0 | $0 | $0 | $0 | $0 | -$98K | -$90K | -$131K | -$135K | -$12K | $0 | $0 |
| Gross Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research and Development | $622K | $594K | $765K | $1.09M | $1.66M | $2.28M | $1.98M | $1.93M | $950K | $823K | $683K | $621K | $357K | $672K | $451K | $686K | $324K | $248K | $213K | $81K | $50K | $0 |
| Selling, General, and Administrative | $1.73M | $2.01M | $1.55M | $3.54M | $6.28M | $5.32M | $4.43M | $3.62M | $2.78M | $2.32M | $2.43M | $2.39M | $2.89M | $1.65M | $3.17M | $1.12M | -$2.36M | $5.5M | $1.29M | $83K | $54K | $20K |
| Other | $0 | $0 | $0 | -$879K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.16M | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $2.36M | $2.61M | $2.31M | $3.75M | $7.94M | $7.6M | $6.41M | $5.55M | $3.73M | $3.14M | $3.12M | $3.01M | $3.24M | $2.32M | $3.62M | -$2.35M | -$1.95M | $5.75M | $1.5M | $165K | -$104K | $20K |
| Operating Income (EBIT) | -$2.36M | -$2.61M | -$2.31M | -$4.63M | -$7.94M | -$7.6M | -$6.41M | -$5.55M | -$3.73M | -$3.14M | -$3.12M | -$3.01M | -$3.24M | -$2.32M | -$3.62M | -$2.35M | $1.95M | -$5.75M | -$1.5M | -$165K | $104K | -$20K |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $792K | $1.3M | $1.62M | $2.64M | $4.98M | $879K | $1.03M | $27K | $1K | $0 | $267 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $144K | $242K | $246K | $45K | $37K | $250K | $315K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8K | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $144K | -$850K | $246K | $59K | $28K | $250K | -$477K | -$1.3M | -$1.62M | -$1.5M | -$4.98M | -$879K | -$1.03M | $129K | $5K | $4.31M | $11K | $26K | $57K | -$773 | $208K | $0 |
| Income Before Tax (EBT) | -$2.21M | -$3.46M | -$2.06M | -$3.69M | -$7.91M | -$7.35M | -$6.89M | -$6.85M | -$5.35M | -$4.64M | -$8.09M | -$3.89M | -$4.27M | -$2.43T | -$3.62T | $1.96M | $1.96M | -$5.77M | -$1.47M | -$166K | $104K | $0 |
| Income Tax Expense | $0 | -$408K | $0 | $0 | $0 | $0 | $792K | $326 | $0 | $0 | $0 | $0 | $0 | $113K | -$5K | $0 | -$7K | -$26K | -$57K | -$7K | $207K | $0 |
| Net Income | -$2.26M | -$3.46M | -$2.4M | -$4.95M | -$7.88M | -$7.35M | -$6.89M | -$6.85M | -$5.35M | -$4.64M | -$8.09M | -$3.89M | -$4.27M | -$2.43M | -$3.62M | -$233K | $1.96M | -$5.72M | -$1.44M | -$158K | -$103K | -$20K |
| Net Income Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Supplementary Data | ||||||||||||||||||||||
| EPS | -0.04 | -0.07 | -0.04 | -0.09 | -0.15 | -0.14 | -0.16 | -0.19 | -0.17 | -0.17 | -0.32 | -0.16 | -0.19 | -0.12 | -0.18 | -0.01 | 0.09 | -0.31 | -0.09 | -0.01 | -0.01 | -0.00 |
| Diluted EPS | -0.04 | -0.07 | -0.04 | -0.09 | -0.15 | -0.14 | -0.16 | -0.19 | -0.17 | -0.17 | -0.32 | -0.16 | -0.19 | -0.12 | -0.18 | -0.01 | 0.09 | -0.31 | -0.09 | -0.01 | -0.01 | -0.00 |
| Weighted Average OS | 55.82M | 53.20M | 53.20M | 53.20M | 53.11M | 52.96M | 48.99M | 36.02M | 31.30M | 27.30M | 25.13M | 24.28M | 22.69M | 20.64M | 20.40M | 19.53M | 19.28M | 18.66M | 16.27M | 14.00M | 16.48M | 19.25M |
| EBITDA | -$2.25M | -$2.59M | -$2.3M | -$3.72M | -$7.91M | -$7.33M | -$6.08M | -$5.54M | -$3.72M | -$3.13M | -$3.11M | -$3.01M | -$3.24M | -$2.47M | -$3.63M | $1.95M | $1.96M | -$5.72M | -$1.53M | -$158K | -$103K | -$19K |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-08-31 | 2024-08-31 | 2023-08-31 | 2022-08-31 | 2021-08-31 | 2020-08-31 | 2019-08-31 | 2018-08-31 | 2017-08-31 | 2016-08-31 | 2015-08-31 | 2014-08-31 | 2013-08-31 | 2012-08-31 | 2011-08-31 | 2010-08-31 | 2009-08-31 | 2008-08-31 | 2007-08-31 | 2006-08-31 | 2005-08-31 | 2004-08-31 |
| Assets | ||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||
| Cash and Cash Equivalents | $6.56M | $1.25M | $493K | $8.08M | $7.13M | $14.15M | $16.6M | $697K | $671K | $2.51M | $228K | $785K | $347K | $1.05M | $2.32M | $503K | $2.74M | $2.99M | $1.44M | $247K | $28K | $4K |
| Short-Term Investments | $0 | $3M | $5.5M | $0 | $5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $6.56M | $4.25M | $5.99M | $8.08M | $12.13M | $14.15M | $16.6M | $697K | $671K | $2.51M | $228K | $785K | $347K | $1.05M | $2.32M | $503K | $2.74M | $2.99M | $1.44M | $247K | $28K | $4K |
| Accounts Receivable | $0 | $55K | $150K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $47K | $668K | -$79K | $285K | $122K | $575K | $581K | $134K | $91K | $349K | $106K | $150K | $150K | $33K | $49K | $64K | $40K | $141K | $0 | $0 | $0 | $0 |
| Total Current Assets | $6.6M | $4.99M | $6.3M | $8.36M | $12.32M | $14.78M | $17.23M | $890K | $779K | $2.87M | $356K | $949K | $520K | $1.11M | $2.55M | $581K | $2.78M | $3.13M | $1.44M | $249K | $28K | $4K |
| Long-Term Assets | ||||||||||||||||||||||
| Property, Plant & Equipment Net | $43K | $13K | $1.32M | $1.33M | $1.39M | $1.39M | $1.43M | $40K | $53K | $21K | $31K | $25K | $14K | $20K | $927 | $0 | $0 | $5K | $452 | $1K | $468 | $800 |
| Goodwill | $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 |
| 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 |
| 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 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $22K | $2K | $2K | $0 | $0 | $0 | -$0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $43K | $13K | $1.32M | $1.33M | $1.41M | $1.39M | $1.44M | $40K | $53K | $21K | $31K | $25K | $14K | $20K | $927 | $0 | $0 | $5K | $452 | $1K | $468 | $800 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5K | $0 | $0 | $0 | $0 |
| Total Assets | $6.65M | $5M | $7.62M | $9.69M | $13.73M | $16.18M | $18.67M | $929K | $832K | $2.9M | $386K | $974K | $534K | $1.13M | $2.55M | $581K | $2.78M | $3.13M | $1.44M | $250K | $28K | $5K |
| Liabilities | ||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||
| Accounts Payable | $114K | $86K | $114K | $61K | $55K | $53K | $98K | $94K | $230K | $185K | $97K | $144K | $122K | $63K | $120K | $68K | $98K | $35K | $24K | $43K | $30K | $6K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $543K | $2.71M | $686K | $0 | $515 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $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 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $194K | $122K | $119K | $58K | -$115K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8K | $0 | $0 | $0 | $0 | $33K | $0 |
| Total Current Liabilities | $194K | $322K | $287K | $118K | $170K | $191K | $179K | $94K | $230K | $795K | $3.25M | $1.02M | $122K | $90K | $281K | $232K | $255K | $191K | $24K | $43K | $163K | $36K |
| Long-Term Liabilities | ||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.94M | $3.19M | $1.35M | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $2K | $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 | $1.52M | $1.05M | $669K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $2K | $0 | $0 | $0 | $0 | $18K | $43K | $4.46M | $4.23M | $2.02M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 |
| Total Liabilities | $194K | $322K | $287K | $118K | $170K | $209K | $221K | $4.55M | $4.46M | $2.81M | $3.25M | $1.02M | $122K | $90K | $281K | $232K | $255K | $191K | $24K | $43K | $163K | $36K |
| 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 |
| Common Stock | $66K | $53K | $53K | $53K | $53K | $53K | $53K | $36K | $34K | $29K | $27K | $24K | $24K | $21K | $21K | $59K | $59K | $58K | $54K | $44K | $14K | $14K |
| Retained Earnings | -$81.09M | -$78.83M | -$75.38M | -$72.98M | -$68.03M | -$60.13M | -$52.77M | -$45.88M | -$39.03M | -$33.68M | -$29.04M | -$20.95M | -$17.05M | -$12.78M | -$10.35M | -$6.73M | -$6.15M | -$8.11M | -$2.39M | -$549K | -$391K | -$288K |
| Comprehensive Income & Other | $0 | -$77K | -$78K | -$74K | -$15K | $0 | $0 | -$51K | -$53K | -$39K | -$28K | -$18K | -$12K | -$6K | -$463 | $0 | $0 | $11K | -$2K | -$3K | -$2K | -$2K |
| Other Stockholders' Equity | $87.48M | $83.46M | $82.66M | $82.5M | $81.54M | $76.04M | $71.17M | $42.22M | $35.36M | $33.73M | $26.14M | $20.87M | $17.44M | $13.8M | $12.59M | $7.02M | $8.62M | $11M | $3.75M | $712K | $243K | $243K |
| Total Equity | $6.45M | $4.68M | $7.33M | $9.57M | $13.56M | $15.97M | $18.45M | -$3.62M | -$3.63M | $82K | -$2.87M | -$50K | $411K | $1.04M | $2.27M | $349K | $2.53M | $2.94M | $1.41M | $207K | -$135K | -$32K |
| Minority Interest | $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 | $6.65M | $5M | $7.62M | $9.69M | $13.73M | $16.18M | $18.67M | $929K | $832K | $2.9M | $386K | $974K | $534K | $1.13M | $2.55M | $581K | $2.78M | $3.13M | $1.44M | $250K | $28K | $5K |
| Supplementary Data | ||||||||||||||||||||||
| Total Debt | $0 | $0 | $0 | $0 | $0 | $43K | $66K | $2.94M | $3.19M | $1.89M | $2.71M | $686K | $0 | $515 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $0 |
| Net Debt | -$6.56M | -$1.25M | -$493K | -$8.08M | -$7.13M | -$14.11M | -$16.54M | $2.24M | $2.52M | -$616K | $2.49M | -$99K | -$347K | -$1.05M | -$2.32M | -$503K | -$2.74M | -$2.99M | -$1.44M | -$247K | $72K | -$4K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-08-31 | 2024-08-31 | 2023-08-31 | 2022-08-31 | 2021-08-31 | 2020-08-31 | 2019-08-31 | 2018-08-31 | 2017-08-31 | 2016-08-31 | 2015-08-31 | 2014-08-31 | 2013-08-31 | 2012-08-31 | 2011-08-31 | 2010-08-31 | 2009-08-31 | 2008-08-31 | 2007-08-31 | 2006-08-31 | 2005-08-31 | 2004-08-31 |
| Operating Activities | ||||||||||||||||||||||
| Net Income | -$2.26M | -$3.06M | -$2.4M | -$4.95M | -$7.91M | -$7.34M | -$6.89M | -$6.85M | -$5.35M | -$4.64M | -$8.09M | -$3.89M | -$4.27M | -$2.43M | -$3.62M | -$233K | $1.96M | -$5.72M | -$1.44M | -$158K | -$103K | -$20K |
| Depreciation & Amortization | $8K | $11K | $15K | $30K | $28K | $24K | $18K | $16K | $14K | $12K | $10K | $6K | $6K | $5K | $463 | $0 | $1K | $1K | $628 | $374 | $332 | $341 |
| Deferred Income Tax | $0 | $0 | $2.36M | $0 | $0 | -$4.94M | $0 | $0 | $0 | -$1.71M | $0 | $0 | $1.06M | $0 | $0 | $0 | $0 | -$3.59M | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $103K | $404K | $159K | $1.02M | $4.79M | $4.87M | $3.96M | $2.84M | $648K | $646K | $521K | $431K | $324K | $205K | $1.55M | $182K | -$3.41M | $3.6M | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$93K | -$40K | $99K | $66K | $2K | -$44K | $4K | -$137K | $45K | $87K | -$47K | $22K | $59K | -$56K | $52K | -$31K | $63K | $34K | -$20K | -$20K | $0 | $0 |
| Other Working Capital | $660K | $256K | $38K | -$192K | $422K | $38K | -$301K | $393K | $568K | $71K | $287K | $201K | -$81K | $186K | -$142K | -$31K | $94K | -$7K | $32K | -$1K | $27K | $150 |
| Total Working Capital Change | $567K | $216K | $138K | -$127K | $424K | -$6K | -$297K | $256K | $613K | $159K | $241K | $223K | -$22K | $130K | -$90K | -$62K | $157K | $27K | $12K | -$22K | $27K | $150 |
| Other Non-Cash Items | -$2.18M | -$2.37M | -$2.36M | $380K | $9K | $4.94M | $662K | $824K | $1.31M | $2.9M | $4.73M | $686K | $999K | -$156K | -$8K | -$2.12M | -$1K | $3.6M | -$30K | $0 | $0 | $0 |
| Net Cash from Operating | -$1.5M | -$1.74M | -$2.08M | -$3.64M | -$2.66M | -$2.45M | -$2.55M | -$2.92M | -$2.77M | -$2.63M | -$2.59M | -$2.55M | -$1.91M | -$2.25M | -$2.17M | -$2.23M | -$1.29M | -$2.09M | -$1.46M | -$179K | -$76K | -$19K |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$38K | -$2K | $0 | -$357K | -$76K | -$5K | -$1.35M | -$3K | -$46K | -$2K | -$16K | -$17K | $0 | -$24K | -$1K | $0 | -$6K | -$6K | $0 | -$986 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | -$4M | -$6M | $0 | -$5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $3M | $6.5M | $500K | $5M | -$2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $2K | $0 | $0 | -$3K | -$46K | -$2K | -$16K | -$17K | $0 | -$24.46B | -$1.39B | $0 | $0 | $0 | -$986 | -$986 | $0 | $0 |
| Net Cash from Investing | $2.96M | $2.5M | -$5.5M | $4.64M | -$5.07M | -$5K | -$1.35M | -$3K | -$46K | -$2K | -$16K | -$17K | $0 | -$24K | -$1K | $0 | -$6K | -$6K | -$986 | -$986 | $0 | $0 |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | $18K | -$550K | -$600K | - | - | -$1M | - | - | - | - | - | $100K | -$100K | - |
| Common Stock Issuance | $3.85M | $0 | $0 | $0 | $725K | $0 | $19.8M | $2.95M | $992K | $4.37M | $0 | $0 | $1.21M | $0 | $3.99M | $0 | $1.04M | $3.64M | $3.05M | $500K | $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 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$400K | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.45M | $0 | $0 | $0 | $0 | $1.04M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $3.85M | $0 | $0 | $0 | $725K | $0 | $19.8M | $2.95M | $974K | $4.92M | $2.05M | $3M | $1.21M | $1M | $3.99M | $1.04M | $1.04M | $3.64M | $2.65M | $400K | $100K | $0 |
| Forex Effect | $0 | $0 | -$505 | -$52K | -$16K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$11K | $13K | -$2K | $0 | $0 | $0 |
| Net Change in Cash | $5.31M | $757K | -$7.59M | $950K | -$7.02M | -$2.45M | $15.91M | $26K | -$1.84M | $2.28M | -$557K | $438K | -$699K | -$1.27M | $1.82M | -$2.23M | -$256K | $1.55M | $1.19M | $220K | $24K | -$19K |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | -$1.5M | -$1.74M | -$2.08M | -$3.64M | -$2.66M | -$2.45M | -$2.55M | -$2.92M | -$2.77M | -$2.63M | -$2.59M | -$2.55M | -$1.91M | -$2.25M | -$2.17M | -$2.23M | -$1.29M | -$2.09M | -$1.46M | -$179K | -$76K | -$19K |
| Capital Expenditure | -$38K | -$2K | $4 | -$357K | -$76K | -$5K | -$1.35M | -$3K | -$46K | -$2K | -$16K | -$17K | $0 | -$24K | -$1K | $0 | -$6K | -$6K | $0 | -$986 | $0 | $0 |
| Free Cash Flow | -$1.54M | -$1.74M | -$2.08M | -$4M | -$2.74M | -$2.45M | -$3.89M | -$2.92M | -$2.81M | -$2.64M | -$2.61M | -$2.56M | -$1.91M | -$2.27M | -$2.17M | -$2.23M | -$1.3M | -$2.09M | -$1.46M | -$180K | -$76K | -$19K |
| Cash at Beginning | $1.25M | $493K | $8.08M | $7.13M | $14.15M | $16.6M | $697K | $671K | $2.51M | $228K | $785K | $347K | $1.05M | $2.32M | $503K | $2.74M | $2.99M | $1.44M | $247K | $28K | $4K | $23K |
| Cash at End | $6.56M | $1.25M | $493K | $8.08M | $7.13M | $14.15M | $16.6M | $697K | $671K | $2.51M | $228K | $785K | $347K | $1.05M | $2.32M | $503K | $2.74M | $2.99M | $1.44M | $247K | $28K | $4K |