ABNB
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | ||||
| Price to Sales | 7.48 | 8.74 | 6.48 | 51.34 |
| Book Value Per Common Share | 13.31 | 12.82 | 8.73 | 2.58 |
| Price to Book | 9.87 | 10.62 | 9.80 | 64.41 |
| Price to Operating Cash Flow | 18.38 | 22.33 | 15.88 | 140.49 |
| Price to Free Cash Flow | ||||
| Enterprise Value to EBITDA | 244553.76 | 389056.07 | 260089.36 | 11157278.69 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price to Earnings | |||||||||||||||
| Price to Sales | 7.90 | 15.24 | 32.65 | 9.32 | 19.72 | 49.13 | 11.33 | 18.89 | 43.38 | 10.31 | 15.70 | 72.32 | 22.99 | 41.79 | 127.34 |
| Book Value Per Common Share | 13.98 | 12.59 | 12.78 | 13.39 | 12.58 | 12.38 | 14.34 | 7.98 | 8.35 | 8.69 | 8.24 | 7.46 | 7.28 | 5.60 | 5.26 |
| Price to Book | 8.69 | 10.51 | 9.35 | 9.47 | 12.05 | 13.33 | 9.57 | 16.06 | 14.91 | 12.09 | 10.82 | 23.03 | 23.05 | 27.37 | 35.75 |
| Price to Operating Cash Flow | 18.15 | 29.59 | 41.47 | 19.84 | 32.43 | 54.73 | 22.84 | 32.55 | 49.70 | 22.57 | 28.34 | 83.04 | 56.69 | 72.23 | 228.47 |
| Price to Free Cash Flow | |||||||||||||||
| Enterprise Value to EBITDA | 3746662.14 | 292139.59 | 962434.67 | 3428135.83 | 345603.52 | 976594.15 | 5439225.48 | 386629.97 | 1279150.60 | 40550273.57 | 6027663.63 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 11.95 | 18.07 | 40.18 | |
| EBITDA YoY | 52.36 | 6.45 | 659.49 | |
| Net Profit YoY | -44.74 | 153.14 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earning YoY | |||||||||||||||
| Revenue YoY | 76.29 | 136.27 | 76.32 | 128.29 | 78.96 | 136.63 | 79.83 | 139.44 | 100.69 | 150.54 | |||||
| EBITDA YoY | 174.65 | 226.38 | 203.49 | 473.79 | 290.50 | 1548.12 | -98.24 | ||||||||
| Net Profit YoY | 172.61 | 416.88 | 167.03 | 210.23 | 570.27 | 555.56 | 337.26 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 16.79 | 15.81 | 16.05 | 4.73 |
| Quick Ratio | 1.06 | 1.04 | 1.31 | 1.40 |
| Current Ratio | 1.69 | 1.66 | 1.86 | 1.95 |
| Debt to Equity | 1.49 | 1.53 | 1.88 | 1.87 |
| Long-Term Debt to Equity | 0.28 | 0.31 | 0.45 | 0.54 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Per Common Share | 18.97 | 18.38 | 18.51 | 17.75 | 17.69 | 17.39 | 17.24 | 16.31 | 16.71 | 16.04 | 16.46 | 15.54 | 13.58 | 12.93 | 11.43 |
| Quick Ratio | 0.85 | 0.62 | 0.70 | 1.01 | 0.72 | 0.80 | 1.14 | 0.78 | 0.89 | 1.30 | 0.95 | 1.03 | 1.29 | 0.84 | 1.07 |
| Current Ratio | 1.39 | 1.23 | 1.27 | 1.62 | 1.41 | 1.44 | 1.78 | 1.47 | 1.55 | 1.85 | 1.58 | 1.61 | 1.86 | 1.48 | 1.66 |
| Debt to Equity | 1.68 | 2.47 | 2.16 | 1.61 | 2.29 | 2.11 | 1.35 | 3.19 | 2.78 | 1.90 | 2.63 | 2.60 | 2.05 | 3.56 | 2.91 |
| Long-Term Debt to Equity | 0.05 | 0.05 | 0.05 | 0.28 | 0.31 | 0.32 | 0.27 | 0.50 | 0.48 | 0.46 | 0.48 | 0.54 | 0.58 | 0.76 | 0.83 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 12.63 | 23.21 | 11.80 | -2.57 |
| ROE | 31.48 | 58.69 | 34.05 | -7.37 |
| Gross Margin | 83.08 | 82.83 | 82.15 | 80.71 |
| Operating Margin | 30.00 | 22.03 | 23.97 | 2.29 |
| EBITDA Margin | 30.59 | 22.48 | 24.93 | 4.60 |
| Net Profit Margin | 23.85 | 48.32 | 22.54 | -5.88 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | 9.41 | 2.95 | 0.61 | 9.86 | 3.11 | 1.08 | 23.98 | 3.62 | 0.58 | 9.79 | 1.89 | -0.11 | -2.99 | -8.01 | -9.50 |
| ROE | 25.20 | 10.23 | 1.94 | 25.77 | 10.23 | 3.34 | 56.35 | 15.16 | 2.21 | 28.42 | 6.86 | -0.40 | -9.14 | -36.56 | -37.10 |
| Gross Margin | 83.10 | 80.44 | 77.73 | 83.17 | 79.84 | 77.59 | 82.87 | 80.01 | 76.46 | 82.24 | 79.17 | 75.97 | 80.70 | 75.30 | 71.30 |
| Operating Margin | 29.00 | 17.73 | 7.61 | 31.42 | 19.92 | 13.68 | 32.43 | 18.87 | 7.37 | 25.61 | 10.75 | -0.15 | 1.40 | -35.75 | -83.88 |
| EBITDA Margin | 8.71 | 31.92 | 20.49 | 14.33 | 32.80 | 19.34 | 7.98 | 26.66 | 12.28 | 1.78 | 3.81 | -32.43 | -79.57 | ||
| Net Profit Margin | 22.93 | 14.83 | 6.78 | 25.37 | 16.75 | 12.32 | 66.77 | 17.83 | 6.44 | 24.23 | 9.97 | -1.25 | -9.12 | -55.82 | -132.16 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | ||||
| Dividend Payout Ratio |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | |||||||||||||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 20,959,000.00 | 20,645,000.00 | 16,038,000.00 | 13,708,474.00 |
| Current Assets | 17,180,000.00 | 16,509,000.00 | 14,861,000.00 | 12,386,380.00 |
| Cash and Short-Term Investments | 10,611,000.00 | 10,071,000.00 | 10,221,000.00 | 8,732,591.00 |
| Cash and Cash Equivalents | 6,864,000.00 | 6,874,000.00 | 7,977,000.00 | 6,477,553.00 |
| Short-Term Investments | 3,747,000.00 | 3,197,000.00 | 2,244,000.00 | 2,255,038.00 |
| Net Receivables | 175,000.00 | 249,000.00 | 200,000.00 | 142,519.00 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 6,394,000.00 | 6,189,000.00 | 4,440,000.00 | 3,511,270.00 |
| Non-Current Assets | 3,779,000.00 | 4,136,000.00 | 1,177,000.00 | 1,322,094.00 |
| Property, Plant, Equipment Net | 291,000.00 | 279,000.00 | 267,600.00 | 576,032.00 |
| Goodwill | 750,000.00 | 752,000.00 | 650,000.00 | 652,602.00 |
| Intangible Assets | 67,000.00 | 55,000.00 | 34,000.00 | 52,308.00 |
| Long-Term Investments | 47,000.00 | 8,000.00 | 13,800.00 | 17,400.00 |
| Non-Current Deferred Assets | 2,439,000.00 | 2,881,000.00 | 0 | 0 |
| Other Non-Current Assets | 185,000.00 | 161,000.00 | 211,600.00 | 23,752.00 |
| Liabilities | 12,547,000.00 | 12,480,000.00 | 10,478,000.00 | 8,932,761.00 |
| Current Liabilities | 10,161,000.00 | 9,950,000.00 | 7,978,000.00 | 6,359,282.00 |
| Payables and Expenses | 2,614,000.00 | 2,654,000.00 | 1,954,000.00 | 1,676,604.00 |
| Account Payables | 142,000.00 | 141,000.00 | 137,000.00 | 118,361.00 |
| Current Accrued Liabilities | 856,000.00 | 897,000.00 | 1,817,000.00 | 1,558,243.00 |
| Short-Term Debt | 63,000.00 | 61,000.00 | 59,000.00 | 63,479.00 |
| Other Current Liabilities | 7,484,000.00 | 7,235,000.00 | 5,965,000.00 | 4,619,199.00 |
| Non-Current Liabilities | 2,386,000.00 | 2,530,000.00 | 2,500,000.00 | 2,573,479.00 |
| Long-Term Debt | 3,995,000.00 | 4,243,000.00 | 2,282,000.00 | 2,355,020.00 |
| Other Non-Current Liabilities | -1,609,000.00 | -1,713,000.00 | 218,000.00 | 218,459.00 |
| Equity | 8,412,000.00 | 8,165,000.00 | 5,560,000.00 | 4,775,713.00 |
| Shareholders Equity | 8,412,000.00 | 8,165,000.00 | 5,560,000.00 | 4,775,713.00 |
| Capital Stock | 0 | 0 | 0 | 63.00 |
| Share Premium | 12,602,000.00 | 11,639,000.00 | 11,557,000.00 | 11,140,284.00 |
| Retained Earnings | -4,225,000.00 | -3,425,000.00 | -5,965,000.00 | -6,357,741.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 35,000.00 | -49,000.00 | -32,000.00 | -6,893.00 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Investments | 3,747,000.00 | 3,197,000.00 | 2,244,000.00 | 2,255,038.00 |
| Debt | 3,995,000.00 | 4,243,000.00 | 2,341,000.00 | 2,418,499.00 |
| Common Shares Outstanding | 0 | 0 | 0 | 0 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 11,102,000.00 | 9,917,000.00 | 8,399,000.00 | 5,991,760.00 |
| Cost Of Revenue | 1,878,000.00 | 1,703,000.00 | 1,499,000.00 | 1,155,833.00 |
| Gross Profit | 9,224,000.00 | 8,214,000.00 | 6,900,000.00 | 4,835,927.00 |
| Operating Expenses | 6,671,000.00 | 6,696,000.00 | 5,098,000.00 | 4,406,610.00 |
| Selling, General and Administrative Expenses | 3,333,000.00 | 3,788,000.00 | 2,466,000.00 | 2,021,656.00 |
| Research and Development Expenses | 2,056,000.00 | 1,722,000.00 | 1,502,000.00 | 1,425,048.00 |
| Other Operating Expenses | 1,282,000.00 | 1,186,000.00 | 1,130,000.00 | 959,906.00 |
| Operating Income | 2,553,000.00 | 1,518,000.00 | 1,802,000.00 | 429,317.00 |
| Net Non-Operating Income | 778,000.00 | 584,000.00 | 187,000.00 | -729,524.00 |
| Interest Expense | 0.00 | 83,000.00 | 24,000.00 | 437,599.00 |
| Net Interest | 0 | -83,000.00 | -24,000.00 | -437,599.00 |
| EBT | 3,331,000.00 | 2,102,000.00 | 1,989,000.00 | -300,207.00 |
| Income Tax | 683,000.00 | 2,690,000.00 | 106,300.00 | 41,727.00 |
| Equity Method Investments Income | 0 | -6,000.00 | -5,400.00 | 3,500.00 |
| Net Income | 2,648,000.00 | 4,792,000.00 | 1,893,000.00 | -352,034.00 |
| EBIT | 3,331,000.00 | 2,185,000.00 | 2,013,000.00 | 137,392.00 |
| Deprecation and Amortization | 65,000.00 | 44,000.00 | 81,000.00 | 138,319.00 |
| EBITDA | 3,396,000.00 | 2,229,000.00 | 2,094,000.00 | 275,711.00 |
| EPS | 0 | 0 | 0 | 0 |
| Average Shares Outstanding Basic | 632,000.00 | 637,000.00 | 637,000.00 | 1,847,673.00 |
| Average Shares Outstanding Diluted | 645,000.00 | 662,000.00 | 680,000.00 | 1,847,673.00 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 4,518,000.00 | 3,884,000.00 | 3,430,000.00 | 2,189,694.00 |
| Operating Net Income | 7,944,000.00 | 4,792,000.00 | 1,893,000.00 | -352,034.00 |
| Deprecation and Amortization | 65,000.00 | 44,000.00 | 81,000.00 | 138,319.00 |
| Deferred Income Tax | 433,000.00 | -2,875,000.00 | -1,000.00 | 10,935.00 |
| Share Based Compensation | 1,407,000.00 | 1,120,000.00 | 930,000.00 | 898,830.00 |
| Change in Working Capital | 259,000.00 | 924,000.00 | 799,000.00 | 755,243.00 |
| Other Operating Activities | -5,590,000.00 | -121,000.00 | -272,000.00 | 738,401.00 |
| Investing Cash Flow | -616,000.00 | -1,042,000.00 | -28,000.00 | -1,351,955.00 |
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 0 | 0 | 25,000.00 | 25,322.00 |
| Net Purchase/Sale of Investments Net | 2,680,000.00 | 2,494,000.00 | 2,000.00 | -500.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | -3,296,000.00 | -3,536,000.00 | -55,000.00 | -1,376,777.00 |
| Financing Cash Flow | -3,572,000.00 | -2,430,000.00 | -689,000.00 | 1,431,159.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 3,974,166.00 |
| Net Issuance/Repurchase of Equity | 3,430,000.00 | 2,362,000.00 | 1,540,000.00 | 137,572.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | -7,002,000.00 | -4,792,000.00 | -2,229,000.00 | -2,680,579.00 |
| Net Change in Cash | 93,000.00 | 564,000.00 | 2,376,000.00 | 2,059,037.00 |
| Cash at Beginning of Period | 12,667,000.00 | 12,103,000.00 | 9,727,000.00 | 7,668,252.00 |
| Cash at End of Period | 12,760,000.00 | 12,667,000.00 | 12,103,000.00 | 9,727,289.00 |
| Free Cash Flow | 0 | 0 | 0 | 0 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 23,064,000.00 | 26,992,000.00 | 25,056,000.00 | 20,959,000.00 | 22,172,000.00 | 26,320,000.00 | 24,537,000.00 | 20,645,000.00 | 21,439,000.00 | 21,188,000.00 | 20,018,000.00 | 16,038,000.00 | 16,076,590.00 | 19,059,126.00 | 17,068,442.00 | 13,708,474.00 | 13,582,003.00 | 15,484,810.00 | 12,339,077.00 |
| Current Assets | 19,538,000.00 | 23,180,000.00 | 21,295,000.00 | 17,180,000.00 | 18,319,000.00 | 22,252,000.00 | 20,393,000.00 | 16,509,000.00 | 17,523,000.00 | 20,052,000.00 | 18,869,000.00 | 14,861,000.00 | 14,866,524.00 | 17,825,649.00 | 15,761,447.00 | 12,386,380.00 | 12,220,917.00 | 14,095,982.00 | 10,926,641.00 |
| Cash and Short-Term Investments | 11,684,000.00 | 11,356,000.00 | 11,492,000.00 | 10,611,000.00 | 11,253,000.00 | 11,251,000.00 | 11,093,000.00 | 10,071,000.00 | 10,962,000.00 | 10,340,000.00 | 10,594,000.00 | 10,221,000.00 | 10,228,136.00 | 10,481,465.00 | 9,870,725.00 | 8,732,591.00 | 8,303,086.00 | 7,842,952.00 | 6,869,216.00 |
| Cash and Cash Equivalents | 7,528,000.00 | 7,402,000.00 | 7,600,000.00 | 6,864,000.00 | 7,670,000.00 | 7,882,000.00 | 7,829,000.00 | 6,874,000.00 | 8,175,000.00 | 7,905,000.00 | 8,166,000.00 | 7,977,000.00 | 8,124,238.00 | 8,423,978.00 | 7,435,064.00 | 6,477,553.00 | 6,377,081.00 | 6,087,695.00 | 4,782,550.00 |
| Short-Term Investments | 4,156,000.00 | 3,954,000.00 | 3,892,000.00 | 3,747,000.00 | 3,583,000.00 | 3,369,000.00 | 3,264,000.00 | 3,197,000.00 | 2,787,000.00 | 2,435,000.00 | 2,428,000.00 | 2,244,000.00 | 2,103,898.00 | 2,057,487.00 | 2,435,661.00 | 2,255,038.00 | 1,926,005.00 | 1,755,257.00 | 2,086,666.00 |
| Net Receivables | 214,000.00 | 224,000.00 | 202,000.00 | 175,000.00 | 210,000.00 | 207,000.00 | 212,000.00 | 249,000.00 | 241,000.00 | 264,000.00 | 227,000.00 | 200,000.00 | 178,108.00 | 204,559.00 | 155,911.00 | 142,519.00 | 148,753.00 | 155,144.00 | 162,707.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 7,640,000.00 | 11,600,000.00 | 9,601,000.00 | 6,394,000.00 | 6,856,000.00 | 10,794,000.00 | 9,088,000.00 | 6,189,000.00 | 6,320,000.00 | 9,448,000.00 | 8,048,000.00 | 4,440,000.00 | 4,460,280.00 | 7,139,625.00 | 5,734,811.00 | 3,511,270.00 | 3,769,078.00 | 6,097,886.00 | 3,894,718.00 |
| Non-Current Assets | 3,526,000.00 | 3,812,000.00 | 3,761,000.00 | 3,779,000.00 | 3,853,000.00 | 4,068,000.00 | 4,144,000.00 | 4,136,000.00 | 3,916,000.00 | 1,136,000.00 | 1,149,000.00 | 1,177,000.00 | 1,210,066.00 | 1,233,477.00 | 1,306,995.00 | 1,322,094.00 | 1,361,086.00 | 1,388,828.00 | 1,412,436.00 |
| Property, Plant, Equipment Net | 272,000.00 | 276,000.00 | 277,000.00 | 291,000.00 | 262,000.00 | 273,000.00 | 282,000.00 | 279,000.00 | 270,000.00 | 263,000.00 | 260,000.00 | 267,600.00 | 272,676.00 | 282,689.00 | 405,839.00 | 576,032.00 | 453,934.00 | 482,322.00 | 511,973.00 |
| Goodwill | 0 | 0 | 0 | 750,000.00 | 0 | 0 | 0 | 752,000.00 | 0 | 0 | 0 | 650,000.00 | 646,527.00 | 649,418.00 | 651,864.00 | 652,602.00 | 653,639.00 | 654,554.00 | 654,017.00 |
| Intangible Assets | 0 | 0 | 0 | 67,000.00 | 0 | 0 | 0 | 55,000.00 | 0 | 0 | 0 | 34,000.00 | 38,154.00 | 42,426.00 | 46,673.00 | 52,308.00 | 57,981.00 | 63,653.00 | 69,325.00 |
| Long-Term Investments | 48,000.00 | 48,000.00 | 37,000.00 | 47,000.00 | 0 | 0 | 0 | 8,000.00 | 8,000.00 | 9,000.00 | 10,100.00 | 13,800.00 | 14,500.00 | 14,600.00 | 16,200.00 | 17,400.00 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 2,146,000.00 | 2,428,000.00 | 2,459,000.00 | 2,439,000.00 | 2,601,000.00 | 2,825,000.00 | 2,886,000.00 | 2,881,000.00 | 2,775,000.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1,060,000.00 | 1,060,000.00 | 988,000.00 | 185,000.00 | 990,000.00 | 970,000.00 | 976,000.00 | 161,000.00 | 863,000.00 | 864,000.00 | 878,900.00 | 211,600.00 | 238,209.00 | 244,344.00 | 186,419.00 | 23,752.00 | 195,532.00 | 188,299.00 | 177,121.00 |
| Liabilities | 14,454,000.00 | 19,210,000.00 | 17,119,000.00 | 12,547,000.00 | 13,684,000.00 | 18,318,000.00 | 16,641,000.00 | 12,480,000.00 | 12,316,000.00 | 16,129,000.00 | 14,727,000.00 | 10,478,000.00 | 10,536,454.00 | 13,814,101.00 | 12,331,026.00 | 8,932,761.00 | 9,133,069.00 | 12,091,609.00 | 9,179,654.00 |
| Current Liabilities | 14,039,000.00 | 18,816,000.00 | 16,730,000.00 | 10,161,000.00 | 11,336,000.00 | 15,828,000.00 | 14,139,000.00 | 9,950,000.00 | 9,821,000.00 | 13,624,000.00 | 12,212,000.00 | 7,978,000.00 | 8,015,327.00 | 11,287,165.00 | 9,773,782.00 | 6,359,282.00 | 6,559,314.00 | 9,496,350.00 | 6,573,192.00 |
| Payables and Expenses | 3,012,000.00 | 2,895,000.00 | 2,836,000.00 | 2,614,000.00 | 3,106,000.00 | 2,865,000.00 | 2,968,000.00 | 2,654,000.00 | 2,368,000.00 | 2,133,000.00 | 2,280,000.00 | 1,954,000.00 | 1,937,365.00 | 1,779,090.00 | 1,857,859.00 | 1,676,604.00 | 1,660,827.00 | 1,659,634.00 | 1,557,245.00 |
| Account Payables | 181,000.00 | 221,000.00 | 186,000.00 | 142,000.00 | 181,000.00 | 163,000.00 | 184,000.00 | 141,000.00 | 163,000.00 | 100,000.00 | 161,000.00 | 137,000.00 | 152,661.00 | 139,248.00 | 128,187.00 | 118,361.00 | 97,093.00 | 97,669.00 | 116,688.00 |
| Current Accrued Liabilities | 1,008,000.00 | 1,003,000.00 | 891,000.00 | 856,000.00 | 929,000.00 | 890,000.00 | 922,000.00 | 897,000.00 | 2,205,000.00 | 2,033,000.00 | 2,119,000.00 | 1,817,000.00 | 1,784,704.00 | 1,639,842.00 | 1,729,672.00 | 1,558,243.00 | 1,563,734.00 | 1,561,965.00 | 1,440,557.00 |
| Short-Term Debt | 3,998,000.00 | 3,997,000.00 | 3,996,000.00 | 63,000.00 | 54,000.00 | 59,000.00 | 61,000.00 | 61,000.00 | 54,000.00 | 50,000.00 | 48,000.00 | 59,000.00 | 52,324.00 | 61,702.00 | 63,524.00 | 63,479.00 | 65,578.00 | 51,112.00 | 54,867.00 |
| Other Current Liabilities | 7,029,000.00 | 11,924,000.00 | 9,898,000.00 | 7,484,000.00 | 8,176,000.00 | 12,904,000.00 | 11,110,000.00 | 7,235,000.00 | 7,399,000.00 | 11,441,000.00 | 9,884,000.00 | 5,965,000.00 | 6,025,638.00 | 9,446,373.00 | 7,852,399.00 | 4,619,199.00 | 4,832,909.00 | 7,785,604.00 | 4,961,080.00 |
| Non-Current Liabilities | 415,000.00 | 394,000.00 | 389,000.00 | 2,386,000.00 | 2,348,000.00 | 2,490,000.00 | 2,502,000.00 | 2,530,000.00 | 2,495,000.00 | 2,505,000.00 | 2,515,000.00 | 2,500,000.00 | 2,521,127.00 | 2,526,936.00 | 2,557,244.00 | 2,573,479.00 | 2,573,755.00 | 2,595,259.00 | 2,606,462.00 |
| Long-Term Debt | 0 | 0 | 0 | 3,995,000.00 | 3,994,000.00 | 3,993,000.00 | 3,992,000.00 | 4,243,000.00 | 4,255,000.00 | 2,274,000.00 | 2,288,000.00 | 2,282,000.00 | 2,308,860.00 | 2,319,607.00 | 2,342,486.00 | 2,355,020.00 | 2,365,420.00 | 2,392,637.00 | 2,402,157.00 |
| Other Non-Current Liabilities | 0 | 0 | 0 | -1,609,000.00 | -1,646,000.00 | -1,503,000.00 | -1,490,000.00 | -1,713,000.00 | -1,760,000.00 | 231,000.00 | 227,000.00 | 218,000.00 | 212,267.00 | 207,329.00 | 214,758.00 | 218,459.00 | 208,335.00 | 202,622.00 | 204,305.00 |
| Equity | 8,610,000.00 | 7,782,000.00 | 7,937,000.00 | 8,412,000.00 | 8,488,000.00 | 8,002,000.00 | 7,896,000.00 | 8,165,000.00 | 9,123,000.00 | 5,059,000.00 | 5,291,000.00 | 5,560,000.00 | 5,540,136.00 | 5,245,025.00 | 4,737,416.00 | 4,775,713.00 | 4,448,934.00 | 3,393,201.00 | 3,159,423.00 |
| Shareholders Equity | 8,610,000.00 | 7,782,000.00 | 7,937,000.00 | 8,412,000.00 | 8,488,000.00 | 8,002,000.00 | 7,896,000.00 | 8,165,000.00 | 9,123,000.00 | 5,059,000.00 | 5,291,000.00 | 5,560,000.00 | 5,540,136.00 | 5,245,025.00 | 4,737,416.00 | 4,775,713.00 | 4,448,934.00 | 3,393,201.00 | 3,159,423.00 |
| Capital Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63.00 | 64.00 | 64.00 | 63.00 | 62.00 | 62.00 | 61.00 |
| Share Premium | 13,437,000.00 | 13,168,000.00 | 12,841,000.00 | 12,602,000.00 | 12,378,000.00 | 12,116,000.00 | 11,819,000.00 | 11,639,000.00 | 11,452,000.00 | 11,290,000.00 | 11,662,000.00 | 11,557,000.00 | 11,365,347.00 | 11,266,683.00 | 11,126,300.00 | 11,140,284.00 | 10,864,266.00 | 10,639,267.00 | 10,339,480.00 |
| Retained Earnings | -4,748,000.00 | -5,258,000.00 | -4,883,000.00 | -4,225,000.00 | -3,843,000.00 | -4,109,000.00 | -3,914,000.00 | -3,425,000.00 | -2,324,000.00 | -6,198,000.00 | -6,341,000.00 | -5,965,000.00 | -5,783,403.00 | -5,997,692.00 | -6,376,533.00 | -6,357,741.00 | -6,412,242.00 | -7,246,135.00 | -7,177,918.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -79,000.00 | -128,000.00 | -21,000.00 | 35,000.00 | -47,000.00 | -5,000.00 | -9,000.00 | -49,000.00 | -5,000.00 | -33,000.00 | -30,000.00 | -32,000.00 | -41,871.00 | -24,030.00 | -12,415.00 | -6,893.00 | -3,152.00 | 7.00 | -2,200.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 4,156,000.00 | 3,954,000.00 | 3,892,000.00 | 3,747,000.00 | 3,583,000.00 | 3,369,000.00 | 3,264,000.00 | 3,197,000.00 | 2,787,000.00 | 2,435,000.00 | 2,428,000.00 | 2,244,000.00 | 2,103,898.00 | 2,057,487.00 | 2,435,661.00 | 2,255,038.00 | 1,926,005.00 | 1,755,257.00 | 2,086,666.00 |
| Debt | 3,998,000.00 | 3,997,000.00 | 3,996,000.00 | 3,995,000.00 | 3,994,000.00 | 3,993,000.00 | 3,992,000.00 | 4,243,000.00 | 4,255,000.00 | 2,274,000.00 | 2,288,000.00 | 2,341,000.00 | 2,361,184.00 | 2,381,309.00 | 2,406,010.00 | 2,418,499.00 | 2,430,998.00 | 2,443,749.00 | 2,457,024.00 |
| Common Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | 9,463,000.00 | 5,368,000.00 | 2,272,000.00 | -4,552,000.00 | 8,622,000.00 | 4,890,000.00 | 2,142,000.00 | -3,902,000.00 | 7,699,000.00 | 4,302,000.00 | 1,818,000.00 | -3,220,435.00 | 6,497,454.00 | 3,613,044.00 | 1,508,937.00 | -1,576,872.00 | 4,459,564.00 | 2,222,132.00 | 886,936.00 |
| Cost Of Revenue | 1,599,000.00 | 1,050,000.00 | 506,000.00 | -1,039,000.00 | 1,451,000.00 | 986,000.00 | 480,000.00 | -904,000.00 | 1,319,000.00 | 860,000.00 | 428,000.00 | -770,232.00 | 1,153,879.00 | 752,730.00 | 362,623.00 | -508,146.00 | 860,522.00 | 548,942.00 | 254,515.00 |
| Gross Profit | 7,864,000.00 | 4,318,000.00 | 1,766,000.00 | -3,513,000.00 | 7,171,000.00 | 3,904,000.00 | 1,662,000.00 | -2,998,000.00 | 6,380,000.00 | 3,442,000.00 | 1,390,000.00 | -2,450,203.00 | 5,343,575.00 | 2,860,314.00 | 1,146,314.00 | -1,068,726.00 | 3,599,042.00 | 1,673,190.00 | 632,421.00 |
| Operating Expenses | 5,589,000.00 | 3,668,000.00 | 1,728,000.00 | -3,244,000.00 | 5,048,000.00 | 3,306,000.00 | 1,561,000.00 | -1,989,000.00 | 4,366,000.00 | 2,924,000.00 | 1,395,000.00 | -2,326,469.00 | 3,776,402.00 | 2,496,622.00 | 1,151,445.00 | -2,089,461.00 | 3,245,292.00 | 2,171,413.00 | 1,079,366.00 |
| Selling, General and Administrative Expenses | 2,824,000.00 | 1,855,000.00 | 857,000.00 | -1,695,000.00 | 2,538,000.00 | 1,689,000.00 | 801,000.00 | -520,000.00 | 2,161,000.00 | 1,454,000.00 | 693,000.00 | -1,069,425.00 | 1,801,918.00 | 1,178,318.00 | 555,189.00 | -803,861.00 | 1,454,117.00 | 952,513.00 | 418,887.00 |
| Research and Development Expenses | 1,765,000.00 | 1,178,000.00 | 568,000.00 | -931,000.00 | 1,518,000.00 | 994,000.00 | 475,000.00 | -859,000.00 | 1,290,000.00 | 871,000.00 | 420,000.00 | -703,063.00 | 1,104,159.00 | 737,977.00 | 362,927.00 | -708,013.00 | 1,057,205.00 | 712,795.00 | 363,061.00 |
| Other Operating Expenses | 1,000,000.00 | 635,000.00 | 303,000.00 | -618,000.00 | 992,000.00 | 623,000.00 | 285,000.00 | -610,000.00 | 915,000.00 | 599,000.00 | 282,000.00 | -553,981.00 | 870,325.00 | 580,327.00 | 233,329.00 | -577,587.00 | 733,970.00 | 506,105.00 | 297,418.00 |
| Operating Income | 2,275,000.00 | 650,000.00 | 38,000.00 | -269,000.00 | 2,123,000.00 | 598,000.00 | 101,000.00 | -1,009,000.00 | 2,014,000.00 | 518,000.00 | -5,000.00 | -123,734.00 | 1,567,173.00 | 363,692.00 | -5,131.00 | 1,020,735.00 | 353,750.00 | -498,223.00 | -446,945.00 |
| Net Non-Operating Income | 469,000.00 | 302,000.00 | 135,000.00 | -376,000.00 | 586,000.00 | 376,000.00 | 192,000.00 | -310,000.00 | 471,000.00 | 288,000.00 | 135,000.00 | 100,871.00 | 77,751.00 | 11,333.00 | -2,955.00 | 1,440,274.00 | -726,178.00 | -724,663.00 | -718,957.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 61,000.00 | 12,000.00 | 6,000.00 | 4,000.00 | -13,940.00 | 18,929.00 | 13,247.00 | 5,764.00 | -847,823.00 | 435,080.00 | 428,431.00 | 421,911.00 |
| Net Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -61,000.00 | -12,000.00 | -6,000.00 | -4,000.00 | 13,940.00 | -18,929.00 | -13,247.00 | -5,764.00 | 847,823.00 | -435,080.00 | -428,431.00 | -421,911.00 |
| EBT | 2,744,000.00 | 952,000.00 | 173,000.00 | -645,000.00 | 2,709,000.00 | 974,000.00 | 293,000.00 | -1,319,000.00 | 2,485,000.00 | 806,000.00 | 130,000.00 | -22,863.00 | 1,644,924.00 | 375,025.00 | -8,086.00 | 2,461,009.00 | -372,428.00 | -1,222,886.00 | -1,165,902.00 |
| Income Tax | 574,000.00 | 156,000.00 | 19,000.00 | -23,000.00 | 522,000.00 | 155,000.00 | 29,000.00 | -18,000.00 | 2,656,000.00 | 39,000.00 | 13,000.00 | 10,031.00 | 70,587.00 | 14,976.00 | 10,706.00 | -16,231.00 | 34,107.00 | 17,542.00 | 6,309.00 |
| Equity Method Investments Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,700.00 | -6,000.00 | -5,000.00 | -3,700.00 | -5,400.00 | 0 | 0 | 0 | 3,500.00 | 0 | 0 | 0 |
| Net Income | 2,170,000.00 | 796,000.00 | 154,000.00 | -622,000.00 | 2,187,000.00 | 819,000.00 | 264,000.00 | -1,233,000.00 | 5,141,000.00 | 767,000.00 | 117,000.00 | -22,594.00 | 1,574,337.00 | 360,049.00 | -18,792.00 | 2,467,140.00 | -406,535.00 | -1,240,428.00 | -1,172,211.00 |
| EBIT | 2,744,000.00 | 952,000.00 | 173,000.00 | -645,000.00 | 2,709,000.00 | 974,000.00 | 293,000.00 | -1,258,000.00 | 2,497,000.00 | 812,000.00 | 134,000.00 | -36,803.00 | 1,663,853.00 | 388,272.00 | -2,322.00 | 1,613,186.00 | 62,652.00 | -794,455.00 | -743,991.00 |
| Deprecation and Amortization | 0.00 | 0.00 | 25,000.00 | -20,000.00 | 43,000.00 | 28,000.00 | 14,000.00 | -15,000.00 | 28,000.00 | 20,000.00 | 11,000.00 | -71,521.00 | 68,052.00 | 55,237.00 | 29,232.00 | -81,196.00 | 107,475.00 | 73,788.00 | 38,252.00 |
| EBITDA | 0 | 0 | 198,000.00 | -665,000.00 | 2,752,000.00 | 1,002,000.00 | 307,000.00 | -1,273,000.00 | 2,525,000.00 | 832,000.00 | 145,000.00 | -108,324.00 | 1,731,905.00 | 443,509.00 | 26,910.00 | 1,531,990.00 | 170,127.00 | -720,667.00 | -705,739.00 |
| EPS | 0 | 0 | 0 | -0.00 | 0 | 0 | 0 | -0.00 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 |
| Diluted EPS | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 |
| Average Shares Outstanding Basic | 616,000.00 | 618,000.00 | 621,000.00 | 620,000.00 | 634,000.00 | 636,000.00 | 638,000.00 | 644,000.00 | 636,000.00 | 634,000.00 | 634,000.00 | 638,332.00 | 637,485.00 | 636,869.00 | 635,314.00 | 5,572,041.00 | 611,311.00 | 606,380.00 | 600,960.00 |
| Average Shares Outstanding Diluted | 626,000.00 | 629,000.00 | 632,000.00 | 627,000.00 | 648,000.00 | 651,000.00 | 654,000.00 | 646,000.00 | 665,000.00 | 667,000.00 | 670,000.00 | 717,747.00 | 682,791.00 | 684,148.00 | 635,314.00 | 5,572,041.00 | 611,311.00 | 606,380.00 | 600,960.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 4,120,000.00 | 2,764,000.00 | 1,789,000.00 | -4,431,000.00 | 4,052,000.00 | 2,974,000.00 | 1,923,000.00 | -4,020,000.00 | 3,821,000.00 | 2,496,000.00 | 1,587,000.00 | -2,853,033.00 | 2,967,302.00 | 2,001,739.00 | 1,313,992.00 | -1,399,186.00 | 1,808,845.00 | 1,285,667.00 | 494,368.00 |
| Operating Net Income | 2,170,000.00 | 796,000.00 | 462,000.00 | 4,674,000.00 | 2,187,000.00 | 819,000.00 | 264,000.00 | -1,233,000.00 | 5,141,000.00 | 767,000.00 | 117,000.00 | -22,594.00 | 1,574,337.00 | 360,049.00 | -18,792.00 | 2,467,140.00 | -406,535.00 | -1,240,428.00 | -1,172,211.00 |
| Deprecation and Amortization | 0 | 0 | 25,000.00 | -20,000.00 | 43,000.00 | 28,000.00 | 14,000.00 | -15,000.00 | 28,000.00 | 20,000.00 | 11,000.00 | -71,521.00 | 68,052.00 | 55,237.00 | 29,232.00 | -81,196.00 | 107,475.00 | 73,788.00 | 38,252.00 |
| Deferred Income Tax | 336,000.00 | 70,000.00 | 0 | 64,000.00 | 304,000.00 | 65,000.00 | 0 | -116,000.00 | -2,759,000.00 | 0 | 0 | -1,000.00 | 0 | 0 | 0 | 10,935.00 | 0 | 0 | 0 |
| Share Based Compensation | 1,181,000.00 | 782,000.00 | 358,000.00 | -604,000.00 | 1,039,000.00 | 677,000.00 | 295,000.00 | -494,000.00 | 830,000.00 | 544,000.00 | 240,000.00 | -383,343.00 | 676,392.00 | 442,028.00 | 194,923.00 | -466,107.00 | 673,126.00 | 462,337.00 | 229,474.00 |
| Change in Working Capital | 631,000.00 | 1,521,000.00 | 1,339,000.00 | -3,068,000.00 | 473,000.00 | 1,534,000.00 | 1,320,000.00 | -2,375,000.00 | 688,000.00 | 1,341,000.00 | 1,270,000.00 | -2,359,349.00 | 803,878.00 | 1,359,542.00 | 994,929.00 | -1,902,787.00 | 737,241.00 | 1,305,954.00 | 614,835.00 |
| Other Operating Activities | -198,000.00 | -405,000.00 | -395,000.00 | -5,477,000.00 | 6,000.00 | -149,000.00 | 30,000.00 | 213,000.00 | -107,000.00 | -176,000.00 | -51,000.00 | -15,226.00 | -155,357.00 | -215,117.00 | 113,700.00 | -1,427,171.00 | 697,538.00 | 684,016.00 | 784,018.00 |
| Investing Cash Flow | -448,000.00 | -242,000.00 | -151,000.00 | 58,000.00 | -396,000.00 | -194,000.00 | -84,000.00 | -89,000.00 | -567,000.00 | -203,000.00 | -183,000.00 | -117,332.00 | 115,271.00 | 171,031.00 | -196,970.00 | 1,689,620.00 | -1,022,519.00 | -846,770.00 | -1,172,286.00 |
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,000.00 | 15,000.00 | 6,000.00 | -8,572.00 | 16,606.00 | 11,007.00 | 5,959.00 | -18,606.00 | 20,864.00 | 15,358.00 | 7,706.00 |
| Net Purchase/Sale of Investments Net | 2,292,000.00 | 1,463,000.00 | 631,000.00 | -1,565,000.00 | 2,105,000.00 | 1,370,000.00 | 770,000.00 | -1,754,000.00 | 1,828,000.00 | 1,503,000.00 | 917,000.00 | -5,921.00 | 2,227.00 | 2,847.00 | 2,847.00 | -500.00 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | -2,740,000.00 | -1,705,000.00 | -782,000.00 | 1,623,000.00 | -2,501,000.00 | -1,564,000.00 | -854,000.00 | 1,716,000.00 | -2,425,000.00 | -1,721,000.00 | -1,106,000.00 | -102,839.00 | 96,438.00 | 157,177.00 | -205,776.00 | 1,708,726.00 | -1,043,383.00 | -862,128.00 | -1,179,992.00 |
| Financing Cash Flow | -2,377,000.00 | 2,473,000.00 | 2,145,000.00 | -6,409,000.00 | -2,242,000.00 | 2,945,000.00 | 2,134,000.00 | -5,910,000.00 | -1,259,000.00 | 2,453,000.00 | 2,286,000.00 | -6,729,435.00 | 75,430.00 | 3,649,486.00 | 2,315,519.00 | -5,615,093.00 | 1,577,646.00 | 3,901,072.00 | 1,567,534.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7,948,332.00 | 3,974,166.00 | 3,974,166.00 | 3,974,166.00 |
| Net Issuance/Repurchase of Equity | 2,694,000.00 | 1,817,000.00 | 807,000.00 | -1,457,000.00 | 2,592,000.00 | 1,499,000.00 | 796,000.00 | -708,000.00 | 1,537,000.00 | 1,023,000.00 | 510,000.00 | 492,753.00 | 1,019,122.00 | 16,473.00 | 11,652.00 | -98,664.00 | 104,588.00 | 83,855.00 | 47,793.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -5,071,000.00 | 656,000.00 | 1,338,000.00 | -4,952,000.00 | -4,834,000.00 | 1,446,000.00 | 1,338,000.00 | -5,202,000.00 | -2,796,000.00 | 1,430,000.00 | 1,776,000.00 | -7,222,188.00 | -943,692.00 | 3,633,013.00 | 2,303,867.00 | 2,431,903.00 | -2,501,108.00 | -156,949.00 | -2,454,425.00 |
| Net Change in Cash | 1,953,000.00 | 5,684,000.00 | 3,990,000.00 | -10,823,000.00 | 1,531,000.00 | 5,523,000.00 | 3,862,000.00 | -10,068,000.00 | 1,985,000.00 | 4,878,000.00 | 3,769,000.00 | -8,882,403.00 | 2,532,093.00 | 5,514,371.00 | 3,211,939.00 | -5,247,473.00 | 2,204,966.00 | 4,284,215.00 | 817,329.00 |
| Cash at Beginning of Period | 12,760,000.00 | 12,760,000.00 | 12,760,000.00 | 23,583,000.00 | 12,667,000.00 | 12,667,000.00 | 12,667,000.00 | 22,735,000.00 | 12,103,000.00 | 12,103,000.00 | 12,103,000.00 | 20,985,403.00 | 9,727,289.00 | 9,727,289.00 | 9,727,289.00 | 14,974,762.00 | 7,668,252.00 | 7,668,252.00 | 7,668,252.00 |
| Cash at End of Period | 14,713,000.00 | 18,444,000.00 | 16,750,000.00 | 12,760,000.00 | 14,198,000.00 | 18,190,000.00 | 16,529,000.00 | 12,667,000.00 | 14,088,000.00 | 16,981,000.00 | 15,872,000.00 | 12,103,000.00 | 12,259,382.00 | 15,241,660.00 | 12,939,228.00 | 9,727,289.00 | 9,873,218.00 | 11,952,467.00 | 8,485,581.00 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |