Zoned Properties, Inc. (ZDPY)
Zoned Properties, Inc. operates as a real estate development enterprise, actively owning, expanding, managing, and leasing a diverse portfolio of commercial assets throughout the United States. The company also extends its expertise to the cannabis real estate market, offering specialized services that include property identification, advisory support, and brokerage. Established in 2003, the firm's corporate offices are situated in Scottsdale, Arizona. Its current designation, Zoned Properties Inc., was adopted in October 2013, succeeding its former identity as Vanguard Minerals Corporation.
Sector: Opeators of Nonresidential Buildings
Industry: Real Estate - Services
Zoned Properties, Inc.
OTC:ZDPYReal Estate · Real Estate - Services
+2.17%$0.4702
Mkt Cap$6.2M
Float10.33M
O/S13.18M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$4.14M
Net Income-$2.85M
Total Assets$13.93M
Free Cash Flow$579K
Debt & Equity
Debt 76%
Equity 24%
Preferred 0%
Total Debt$9.58M
Total Equity$3.07M
Preferred Stock$2K
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:120Reverse splitMay 13, 2014120 shares → 1
Balance Sheet Details
Assets$13.93M
Liabilities$10.86M
Accounts Receivable$1.93M
Accounts Payable$130K
Inventory$0
PP&E (Net)$45K
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $4.14M | $3.79M | $2.89M | $2.66M | $1.82M | $1.22M | $1.26M | $1.24M | $2.11M | $1.85M | $1.4M | $468K | $0 | $0 | $0 | $164K | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | 9.2% | 31.4% | 8.5% | 46.1% | 49.8% | -3.6% | 1.9% | -41.5% | 14.0% | 32.9% | 198.2% | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $287K | $666K | $620K | $548K | $353K | $86K | $87K | $129K | $203K | $190K | $207K | $139K | $0 | $0 | $0 | $16K | $4K | $0 | $0 | $2K | $14K |
| Gross Profit | $3.85M | $3.13M | $2.27M | $2.11M | $1.47M | $1.13M | $1.17M | $1.11M | $1.91M | $1.66M | $1.19M | $329K | $0 | $0 | $0 | $147K | -$4K | $0 | $0 | -$2K | -$14K |
| Gross Margin | 93.1% | 82.5% | 78.5% | 79.4% | 80.6% | 92.9% | 93.1% | 89.6% | 90.4% | 89.7% | 85.1% | 70.4% | - | - | - | 90.2% | - | - | - | - | - |
| Research and Development | $0 | $0 | $26K | $0 | $0 | $0 | $0 | -$2 | $1 | -$0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $560.78M | $1.97M | $2.08M | $1.86M | $1.09M | $729K | $811K | $939K | $968K | $1.67M | $2.12M | $5.03M | $571K | $250K | $28K | $110K | $59K | $2.75M | $1.34M | $349K | $74K |
| Other | $3.91B | $358K | $348K | $360K | $387K | $363K | $362K | $50K | $225K | $182K | $150K | $100K | $0 | -$40K | $0 | $0 | $11K | $7K | $7K | $2K | $0 |
| Total Operating Expenses | $4.47B | $2.33M | $2.46M | $2.22M | $1.47M | $1.09M | $1.17M | $1.22M | $1.19M | $1.85M | $2.27M | $5.13M | $571K | $210K | $28K | $110K | $59K | $2.76M | $1.34M | $350K | $74K |
| Operating Income (EBIT) | $1.53M | $1.1M | $169K | -$109K | $45K | $38K | $109K | -$1.96M | $697K | -$272K | -$1.15M | -$5.48M | -$571K | -$210K | -$28K | $54K | -$59K | -$2.76M | -$1.34M | -$352K | -$87K |
| Operating Margin | 37.0% | 29.1% | 5.9% | -4.1% | 2.5% | 3.1% | 8.6% | -158.6% | 33.0% | -14.7% | -82.2% | -1171.1% | - | - | - | 33.0% | - | - | - | - | - |
| Interest Expense | $797K | $697K | $625K | $161K | $121K | $121K | $121K | $121K | $172K | $227K | $228K | $301K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3K | $0 |
| Interest Income | $0 | $0 | $0 | $13K | $12K | $5K | $0 | $5K | $9K | $0 | $439 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$4.39M | -$529K | -$709K | -$465K | -$211K | -$116K | -$13K | -$66K | $681K | -$229K | -$225K | -$260K | -$221K | $0 | $1.02M | -$1.12M | $0 | $0 | -$48K | -$658K | $1K |
| Income Before Tax (EBT) | -$2.85M | $574K | -$540K | -$574K | -$166K | -$78K | -$12K | -$2.03M | $1.38M | -$502K | -$1.37M | -$5.74M | -$792K | -$210K | $992K | -$1.06M | -$59K | $0 | -$1.39M | -$353K | -$86K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$221K | $0 | $0 | $0 | $0 | $0 | $0 | $4K | $0 |
| Net Income | -$2.85M | $574K | -$540K | -$574K | -$166K | -$78K | -$12K | -$2.03M | $1.38M | -$502K | -$1.37M | -$5.74M | -$792K | -$210K | $992K | -$1.06M | -$59K | -$2.76M | -$1.39M | -$356K | -$86K |
| Net Income Margin | -68.9% | 15.1% | -18.7% | -21.6% | -9.1% | -6.4% | -1.0% | -163.9% | 65.2% | -27.1% | -98.3% | -1226.8% | - | - | - | -650.8% | - | - | - | - | - |
| Supplementary Data | |||||||||||||||||||||
| EPS | -0.24 | 0.05 | -0.04 | -0.05 | -0.01 | -0.01 | -0.02 | -0.12 | 0.07 | -0.03 | -0.08 | -0.72 | -14.40 | -21.00 | 76.65 | -104.31 | -24.98 | -1167.69 | -658.20 | -238.89 | -38.41 |
| Diluted EPS | -0.24 | 0.05 | -0.04 | -0.05 | -0.01 | -0.01 | -0.02 | -0.12 | 0.07 | -0.03 | -0.08 | -0.72 | -14.40 | -21.00 | 76.65 | -104.31 | -24.98 | -1167.69 | -658.20 | -238.89 | -38.41 |
| Weighted Average OS | 12.05M | 12.10M | 12.18M | 12.20M | 12.18M | 12.01M | 11.91M | 16.89M | 17.31M | 16.72M | 18.13M | 7.93M | 54,998 | 10,000 | 12,936 | 10,201 | 2,362 | 2,361 | 2,112 | 1,492 | 2,237 |
| EBITDA | -$1.7M | $1.51M | $565K | $251K | $352K | $401K | $471K | -$1.63M | $1.78M | -$92K | -$993K | -$4.71M | $0 | -$210K | -$28K | $54K | -$59K | $0 | -$1.29M | -$349K | -$87K |
| EBITDA Margin | -41.0% | 39.9% | 19.6% | 9.4% | 19.3% | 33.0% | 37.4% | -131.7% | 84.0% | -5.0% | -71.2% | -1005.6% | - | - | - | 33.0% | - | - | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | |||||||||||||||||||||
| Current Assets | |||||||||||||||||||||
| Cash and Cash Equivalents | $838K | $1.02M | $3.1M | $4.34M | $1.19M | $699K | $640K | $355K | $824K | $366K | $1.28M | $1.07M | $10K | $0 | $0 | $358 | $108 | $4K | $12K | $288K | $274K |
| Short-Term Investments | $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 | $838K | $1.02M | $3.1M | $4.34M | $1.19M | $699K | $640K | $355K | $824K | $366K | $1.28M | $1.07M | $10K | $0 | $0 | $358 | $108 | $4K | $12K | $288K | $274K |
| Accounts Receivable | $1.93M | $1.54M | $958K | $820K | $373K | $279K | $8K | $0 | $1.89M | $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 |
| Other Current Assets | $294K | $170K | $177K | $590K | $0 | $0 | $0 | $0 | $0 | $1.02M | $422K | $67K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $3.07M | $2.73M | $4.24M | $5.75M | $1.57M | $979K | $649K | $355K | $2.72M | $1.53M | $1.81M | $1.31M | $10K | $0 | $0 | $358 | $2K | $4K | $19K | $298K | $274K |
| Long-Term Assets | |||||||||||||||||||||
| Property, Plant & Equipment Net | $45K | $87K | $40K | $77K | $14K | $17K | $22K | $29K | $36K | $6.92M | $7.27M | $8.55M | $0 | $0 | $0 | $0 | $0 | $9K | $16K | $12K | $0 |
| Goodwill | $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 | $9K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $46K | $0 |
| Long-Term Investments | $84K | $55K | $55K | $108K | $75K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $480K | $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 |
| Other Long-Term Assets | $10.74M | $13.31M | $10.11M | $8.45M | $6.47M | $7.13M | $7.49M | $7.85M | $7.3M | $1.19M | $8K | $7K | $0 | $0 | $0 | $0 | $0 | -$9K | $0 | $0 | $0 |
| Total Long-Term Assets | $10.87M | $13.45M | $10.2M | $8.63M | $6.57M | $7.15M | $7.51M | $7.88M | $7.33M | $8.11M | $7.28M | $8.55M | $0 | $0 | $0 | $480K | $0 | $0 | $16K | $58K | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $13.93M | $16.18M | $14.44M | $14.38M | $8.14M | $8.13M | $8.16M | $8.23M | $10.05M | $9.64M | $9.09M | $9.86M | $10K | $0 | $0 | $480K | $2K | $4K | $35K | $356K | $274K |
| Liabilities | |||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||
| Accounts Payable | $130K | $117K | $117K | $107K | $11K | $0 | $0 | $118K | $9K | $78K | $37K | $28K | $0 | $0 | $196K | $190K | $178K | $154K | $35K | $24K | $25K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $80K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $212K |
| 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 |
| Current Unearned Revenue | $302K | $319K | $346K | $303K | $5K | $3K | $2K | $3K | $29K | $5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $1.21M | $1.23M | $930K | $819K | $202K | $172K | $174K | $288K | $197K | $357K | $248K | $152K | $80K | $0 | $196K | $238K | $196K | $138K | $35K | $24K | $237K |
| Long-Term Liabilities | |||||||||||||||||||||
| Long-Term Debt | $9.54M | $9.01M | $8.11M | $7.73M | $2.02M | $2.02M | $2.02M | $2.02M | $2.02M | $3.1M | $3.1M | $3.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $303K | $5K | $3K | $2K | $3K | $29K | $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 |
| Other Long-Term Liabilities | $77K | $0 | $123K | -$213K | -$5K | -$3K | -$2K | -$3K | -$29K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $9.66M | $9.09M | $8.27M | $7.88M | $2.02M | $2.02M | $2.02M | $2.02M | $2.02M | $3.1M | $3.1M | $3.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $170K | $160K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $10.86M | $10.32M | $9.2M | $8.7M | $2.22M | $2.19M | $2.19M | $2.31M | $2.22M | $3.46M | $3.35M | $3.25M | $250K | $160K | $196K | $238K | $196K | $138K | $35K | $24K | $237K |
| Stockholders' Equity | |||||||||||||||||||||
| Preferred Stock | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $12K | $12K | $12K | $12K | $12K | $12K | $12K | $17K | $17K | $17K | $17K | $19K | $20K | $0 | $2K | $1K | $85K | $85K | $76K | $76K | $9K |
| Retained Earnings | -$18.49M | -$15.64M | -$16.21M | -$15.67M | -$15.1M | -$14.93M | -$14.85M | -$14.84M | -$12.82M | -$14.19M | -$13.69M | -$12.32M | -$6.17M | -$5.79M | -$5.58M | -$6.57M | -$5.51M | -$5.45M | -$2.7M | -$655K | -$299K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.78M | $1.23M | $0 | $0 |
| Other Stockholders' Equity | $21.55M | $21.49M | $21.44M | $21.34M | $21M | $20.86M | $20.81M | $20.75M | $20.63M | $20.35M | $19.41M | $18.91M | $5.91M | $5.63M | $5.38M | $6.81M | $5.23M | $5.23M | $2.62M | $911K | $326K |
| Total Equity | $3.07M | $5.86M | $5.24M | $5.68M | $5.92M | $5.94M | $5.97M | $5.92M | $7.83M | $6.18M | $5.74M | $6.61M | -$240K | -$160K | -$196K | $242K | -$194K | -$135K | $803 | $332K | $36K |
| Minority Interest | $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 | $13.93M | $16.18M | $14.44M | $14.38M | $8.14M | $8.13M | $8.16M | $8.23M | $10.05M | $9.64M | $9.09M | $9.86M | $10K | $0 | $0 | $480K | $2K | $4K | $35K | $356K | $274K |
| Supplementary Data | |||||||||||||||||||||
| Total Debt | $9.58M | $9.09M | $8.14M | $7.79M | $2.02M | $2.02M | $2.02M | $2.02M | $2.02M | $3.1M | $3.1M | $3.1M | $80K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $212K |
| Net Debt | $8.74M | $8.07M | $5.04M | $3.46M | $828K | $1.32M | $1.38M | $1.67M | $1.2M | $2.73M | $1.82M | $2.03M | $70K | $0 | $0 | -$358 | -$108 | -$4K | -$12K | -$288K | -$61K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | |||||||||||||||||||||
| Net Income | -$2.85M | $574K | -$540K | -$574K | -$166K | -$78K | -$12K | -$2.03M | $1.38M | -$502K | -$1.37M | -$5.74M | -$792K | -$210K | $992K | -$1.06M | -$59K | -$2.69M | -$1.39M | -$356K | -$86K |
| Depreciation & Amortization | $361K | $358K | $381K | $360K | $387K | $363K | $362K | $277K | $225K | $182K | $150K | $100K | $571K | $0 | $0 | $0 | $0 | $7K | $7K | $2K | $0 |
| Deferred Income Tax | $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 | $0 | $0 | $52K | $24K | $31K | $84K | $234K | $249K | $80K | $4.1M | $424K | $0 | $9K | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||
| Accounts Receivable | -$469K | -$602K | -$138K | -$147K | $6K | -$171K | -$8K | $38K | -$885K | -$647K | $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 |
| Accounts Payable | $13K | $278 | $10K | $96K | $11K | $0 | -$118K | $109K | -$69K | $42K | $9K | $28K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$55K | $296K | $134K | $481K | $93K | $8K | $7K | -$5K | -$12K | $46K | $149K | -$65K | $1K | $0 | $19K | $14K | $38K | $52K | $13K | -$10K | -$5K |
| Total Working Capital Change | -$511K | -$305K | $6K | $430K | $111K | -$163K | -$119K | $141K | -$966K | -$560K | $158K | -$37K | $1K | $196K | $19K | $14K | $38K | $52K | $13K | -$10K | -$5K |
| Other Non-Cash Items | $3.79M | -$48K | $236K | $656K | $106K | $24K | $24K | $1.89M | -$817K | $627K | $484K | $749K | -$352K | -$236K | -$1.02M | $1.02M | $0 | $2.33M | $48K | $0 | $0 |
| Net Cash from Operating | $781K | $578K | $83K | $872K | $489K | $170K | $285K | $360K | $54K | -$3K | -$500K | -$828K | -$147K | -$250K | -$358 | -$30K | -$21K | -$303K | -$1.32M | -$365K | -$91K |
| Investing Activities | |||||||||||||||||||||
| Capital Expenditures | -$203K | -$6K | -$1K | -$4K | -$3K | -$923 | $0 | -$829K | -$500K | -$913K | -$282K | -$9.3M | $0 | $0 | $0 | $0 | $0 | $0 | -$13K | -$42K | $0 |
| Acquisitions | -$83K | $0 | $0 | -$50K | -$176K | $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 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $211K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$1.15M | -$3.52M | -$1.24M | -$1.96M | $182K | -$110K | $0 | $0 | $1.98M | $500 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $0 | $0 |
| Net Cash from Investing | -$1.44M | -$3.53M | -$1.24M | -$2.01M | $3K | -$110K | $0 | -$829K | $1.48M | -$912K | -$282K | -$9.09M | $0 | $0 | $0 | $0 | $0 | $0 | -$12K | -$42K | $0 |
| Financing Activities | |||||||||||||||||||||
| Debt Repaid | -$503K | -$878K | $65K | -$4.47M | - | - | - | - | $1.08M | - | - | -$3.1M | -$159K | - | - | -$30K | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1M | $7.87M | $0 | $0 | $0 | $0 | $0 | $294K | $59K | $420K | $300K |
| Common Stock Repurchases | -$27K | -$8K | -$15K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2K | -$700 | $150K | $250K | $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 |
| Other Financing Activities | $0 | $0 | $0 | -$185K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $250K | $0 | $0 | $18K | $0 | $1M | $0 | $0 |
| Net Cash from Financing | $476K | $870K | -$80K | $4.28M | $0 | $0 | $0 | $0 | -$1.08M | $0 | $998K | $10.98M | $159K | $250K | $0 | $30K | $18K | $294K | $1.06M | $421K | $305K |
| Forex Effect | $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 | -$182K | -$2.08M | -$1.24M | $3.14M | $493K | $60K | $285K | -$469K | $458K | -$915K | $215K | $1.05M | $12K | $0 | -$358 | $250 | -$4K | -$8K | -$276K | $14K | $214K |
| Supplementary Data | |||||||||||||||||||||
| Operating Cash Flow | $781K | $578K | $83K | $872K | $489K | $170K | $285K | $360K | $54K | -$3K | -$500K | -$828K | -$147K | -$250K | -$358 | -$30K | -$21K | -$303K | -$1.32M | -$365K | -$91K |
| Capital Expenditure | -$203K | -$175K | -$39K | -$4K | -$3K | -$923 | $0 | -$829K | -$500K | -$913K | -$282K | -$9.3M | $0 | $0 | $0 | $0 | $0 | $0 | -$13K | -$42K | $0 |
| Free Cash Flow | $579K | $403K | $43K | $868K | $487K | $169K | $285K | -$469K | -$446K | -$916K | -$783K | -$10.13M | -$147K | -$250K | -$358 | -$30K | -$21K | -$303K | -$1.34M | -$407K | -$91K |
| Cash at Beginning | $1.02M | $3.1M | $4.34M | $1.19M | $699K | $640K | $355K | $824K | $366K | $1.28M | $1.07M | $12K | $0 | $0 | $358 | $108 | $4K | $12K | $288K | $274K | $59K |
| Cash at End | $838K | $1.02M | $3.1M | $4.34M | $1.19M | $699K | $640K | $355K | $824K | $366K | $1.28M | $1.07M | $12K | $0 | $0 | $358 | $108 | $4K | $12K | $288K | $274K |