Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -2.68
Price to Sales 6.68 1.89
Book Value Per Common Share -3.47 -1.45 -1.29 -2.06
Price to Book -1.81 -1.17
Price to Operating Cash Flow -23.67 -7.06
Price to Free Cash Flow
Enterprise Value to EBITDA
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 2022-09-30 2022-06-30 2022-03-31 2021-09-30
Price to Earnings 25.85 5.15 -7.42 -6.08
Price to Sales 18.73 24.54 22.24 2.86 4.91 14.27
Book Value Per Common Share -2.50 -2.94 -1.48 -3.47 -0.96 -2.36 -4.15 -1.45 -1.84 -3.57 -1.54 -1.22 -0.27 -1.40 -2.22
Price to Book -2.06 -2.00 -2.61 -1.81 -2.40 -1.52 -1.59 -1.17
Price to Operating Cash Flow -36.72 -47.93 -58.31 -12.91 -20.10 -89.05
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY 87.41
EBITDA YoY
Net Profit YoY 53.99 111.75
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 2022-09-30 2022-06-30 2022-03-31 2021-09-30
Earning YoY 23.53
Revenue YoY 15.39 39.01 16.89 60.53 -14.02
EBITDA YoY
Net Profit YoY 21.07 36.43 -37.08

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.46 0.23 0.12 0.19
Quick Ratio 2.24 0.40
Current Ratio 2.24 0.48 2.74 10.93
Debt to Equity -1.26 -1.42 0.04 0.07
Long-Term Debt to Equity -1.15 -0.71 0.04 0.07
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 2022-09-30 2022-06-30 2022-03-31 2021-09-30
Cash Per Common Share 0.18 0.20 0.28 0.37 0.26 0.01 0.08 0.14 0.00 0.02 0.06 0.13 0.03 0.16 0.20
Quick Ratio 1.28 1.62 1.84 2.24 0.96 0.34 0.26 0.40
Current Ratio 1.29 1.62 1.85 2.24 1.00 0.38 0.26 0.48 0.01 0.10 0.71 6.51 8.99 8.15 34.01
Debt to Equity -1.20 -1.22 -1.55 -1.26 -1.70 -1.19 -1.10 -1.42 16.22 1.94 1.36 0.04 0.04 0.05 0.07
Long-Term Debt to Equity -1.07 -1.10 -1.28 -1.15 -1.09 -0.80 -0.82 -0.71 14.13 1.65 1.26 0.04 0.04 0.05 0.07

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 234.46 3.23 1.54
ROE -98.67 3.36 1.64
Gross Margin 45.67 46.87
Operating Margin -249.30
EBITDA Margin -248.33
Net Profit Margin 133.10
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 2022-09-30 2022-06-30 2022-03-31 2021-09-30
ROA 78.50 -0.49 183.34 -80.13 -254.51 -685.76 -8.49 -2.61 4.50 2.65 2.20 1.61 1.18
ROE -15.87 0.10 -100.84 56.41 48.28 66.52 -146.13 -7.67 10.60 2.76 2.29 1.69 1.26
Gross Margin 49.52 49.25 40.61 46.80 42.03 24.85
Operating Margin
EBITDA Margin
Net Profit Margin 72.06 -0.64 430.82 -36.73 -79.54 -302.26

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 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 13,707.45 6,982.57 329,414.10 326,072.41
   Current Assets 12,659.47 5,693.58 1,187.67 2,235.35
      Cash and Short-Term Investments 11,414.83 3,124.41 1,054.58 1,663.10
            Cash and Cash Equivalents 11,414.83 3,124.41 1,054.58 1,663.10
            Short-Term Investments 0 0 0 0
      Net Receivables 1,226.76 1,656.13 0 0
      Inventory 0 0 0 0
      Other Current Assets 17.88 913.03 133.09 572.25
   Non-Current Assets 1,047.98 1,289.00 328,226.43 323,837.06
      Property, Plant, Equipment Net 882.02 1,106.66 0 0
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 165.96 182.33 0 0
Liabilities 66,730.59 23,575.14 13,099.12 20,388.40
   Current Liabilities 5,654.79 11,867.90 433.83 204.59
      Payables and Expenses 811.13 3,109.00 433.83 204.59
            Account Payables 759.48 2,908.47 84.00 23.39
            Current Accrued Liabilities 51.65 200.53 349.83 181.20
      Short-Term Debt 305.18 282,539,600.24 1,500.00 1,500.00
      Other Current Liabilities 4,538.48 -282,530,841.35 -1,500.00 -1,500.00
   Non-Current Liabilities 61,075.80 11,707.24 12,665.29 20,183.81
      Long-Term Debt 638.52 943.70 0 0
      Other Non-Current Liabilities 60,437.28 10,763.54 0 0
Equity -53,023.14 -16,592.56 316,314.98 305,684.02
   Shareholders Equity -106,046.27 -33,185.13 -11,811.45 -18,008.49
      Capital Stock 3.06 71,545.28 0.10 0.10
      Share Premium 21,918.87 0 0 0
      Retained Earnings -74,941.59 -16,582.04 -11,812.36 -18,009.40
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -3.47 -12.81 0 0
   Minority Interest 0 0 0 0
Investments 1,226.76 1,648.90 0 0
Debt 943.70 282,540,543.94 1,500.00 1,500.00
Net Debt 0 282,537,419.53 445.42 0
Common Shares Outstanding 30,588.41 22,812.05 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 23,050.21 12,299.58 0 0
Cost Of Revenue 12,523.46 6,535.27 0 0
Gross Profit 10,526.75 5,764.32 0 0
Operating Expenses 14,031.87 12,404.68 1,397.01 1,021.35
   Selling, General and Administrative Expenses 11,226.97 9,675.19 1,277.01 921.35
   Research and Development Expenses 2,804.89 0 0 0
   Other Operating Expenses 0.00 2,729.49 120.00 100.00
Operating Income -3,505.11 -6,640.36 -1,397.01 -1,021.35
Net Non-Operating Income -53,959.78 0 0 0
Interest Expense 0.00 55.69 0.00 0.00
EBT -57,464.89 0 0 0
Income Tax 0.00 0.00 0.00 0.00
Equity Method Investments Income 0 0 4,509.45 24.47
Net Income Including Non-Controlling Interests 0 0 0 5,020.57
Net Income Non-Controlling Interests 0 0 0 0.00
Net Income 0 16,371.13 10,630.96 5,020.57
EBIT -57,464.89 0 0 0
Deprecation and Amortization 224.64 1,773.59 0.00 0.00
EBITDA -57,240.25 0 0 0
EPS -0.00 0 0.00 0
Diluted EPS -0.00 0 0 0
Average Shares Outstanding Basic 24,585.96 13,671.38 9,122.31 8,762.16
Average Shares Outstanding Diluted 24,585.96 20,390.66 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -6,503.97 -3,291.33 -608.52 -1,551.76
   Operating Net Income -57,464.89 -16,371.13 10,630.96 5,020.57
   Deprecation and Amortization 224.64 1,773.59 0 0
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 2,727.30 715.73 0 0
   Change in Working Capital -5,696.26 -20,177.07 -330.00 826.92
   Other Operating Activities 53,705.23 30,767.56 -10,909.49 -7,399.25
Investing Cash Flow 0 0 0 -323,692.51
   Capital Expenditure 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 0 0
   Net Purchase/Sale of Investments Net 0 1,100.00 0 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 0 0 0 -323,692.51
Financing Cash Flow 14,785.05 6,119.83 0 326,907.37
   Net Issuance/Repayment of Debt 0 4,159.12 0 148.62
   Net Issuance/Repurchase of Equity 7,945.05 0 10.00 333,992.51
   Dividends Paid 0 0 0 0
   Other Financing Activities 6,840.00 1,960.71 0 -7,233.76
Net Change in Cash 8,281.08 2,828.50 -608.52 1,663.10
   Cash at Beginning of Period 3,133.75 295.91 1,663.10 0
   Cash at End of Period 11,414.83 3,124.41 1,054.58 0
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 8,102.97 10,080.68 12,931.07 13,707.45 9,096.37 5,305.27 4,661.19 6,982.57 25,293.65 25,201.70 25,866.62 329,414.10 327,088.72 325,875.50 325,802.36 326,072.41 326,273.21 326,509.38 303,677.31
   Current Assets 7,034.41 8,913.79 11,662.14 12,659.47 8,011.05 4,171.13 3,456.24 5,693.58 38.94 254.27 748.83 1,187.67 1,471.83 1,703.75 2,054.76 2,235.35 2,563.73 2,806.07 2,776.59
      Cash and Short-Term Investments 5,755.66 6,306.27 8,812.18 11,414.83 6,515.69 226.75 1,725.82 3,124.41 18.75 213.89 568.24 1,054.58 1,191.25 1,264.92 1,470.05 1,663.10 1,727.80 1,820.91 1,628.78
            Cash and Cash Equivalents 5,755.66 6,306.27 8,812.18 11,414.83 6,515.69 226.75 1,725.82 3,124.41 18.75 213.89 568.24 1,054.58 1,191.25 1,264.92 1,470.05 1,663.10 1,727.80 1,820.91 1,628.78
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 1,247.32 2,557.43 2,782.65 1,226.76 1,121.86 3,449.76 1,714.07 1,656.13 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
      Other Current Assets 31.43 50.09 67.31 17.88 373.50 494.62 16.36 913.03 20.19 40.38 180.59 133.09 280.58 438.83 584.71 572.25 835.92 985.15 1,147.81
   Non-Current Assets 1,068.56 1,166.89 1,268.93 1,047.98 1,085.32 1,134.14 1,204.94 1,289.00 25,254.71 24,947.43 25,117.79 328,226.43 325,616.89 324,171.75 323,747.61 323,837.06 323,709.48 323,703.32 300,900.72
      Property, Plant, Equipment Net 908.03 1,006.36 1,102.97 882.02 929.89 953.71 1,024.51 1,106.66 0 0 0 0 0 0 0 0 0 0 0
      Goodwill 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
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 160.53 160.53 165.96 165.96 155.43 180.43 180.43 182.33 0 0 0 0 0 0 0 0 0 0 0
Liabilities 48,184.08 56,960.07 36,440.61 66,730.59 22,016.95 33,271.81 52,711.80 23,575.14 23,824.59 16,631.82 14,891.48 13,099.12 12,723.96 13,021.57 14,862.99 20,388.40 21,758.39 31,793.80 25,437.95
   Current Liabilities 5,465.27 5,487.73 6,295.01 5,654.79 7,982.28 10,882.74 13,403.36 11,867.90 3,067.06 2,463.65 1,057.30 433.83 225.96 189.62 252.20 204.59 75.39 91.02 193.55
      Payables and Expenses 385.29 442.07 2,240.40 811.13 844.72 1,666.85 3,525.60 3,109.00 2,638.60 2,199.65 694.30 433.83 225.96 189.62 252.20 204.59 75.39 91.02 193.55
            Account Payables 339.47 393.34 2,179.85 759.48 722.74 1,505.44 3,356.70 2,908.47 184.32 20.17 65.44 84.00 2.41 8.65 3.79 23.39 0 43.14 106.51
            Current Accrued Liabilities 45.82 48.73 60.55 51.65 121.98 161.41 168.90 200.53 2,454.28 2,179.48 628.86 349.83 223.54 180.96 248.40 181.20 75.39 47.88 87.04
      Short-Term Debt 427.50 416.58 405.92 305.18 3,854.38 5,549.84 420,478,685.62 282,539,600.24 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00
      Other Current Liabilities 4,652.48 4,629.07 3,648.70 4,538.48 3,283.18 3,666.05 -420,468,807.86 -282,530,841.35 -1,071.54 -1,236.00 -1,137.00 -1,500.00 -1,500.00 -1,500.00 -1,500.00 -1,500.00 -1,500.00 -1,500.00 -1,500.00
   Non-Current Liabilities 42,718.81 51,472.34 30,145.61 61,075.80 14,034.67 22,389.07 39,308.43 11,707.24 20,757.53 14,168.17 13,834.18 12,665.29 12,498.00 12,831.96 14,610.80 20,183.81 21,683.01 31,702.78 25,244.40
      Long-Term Debt 539.38 650.75 758.38 638.52 718.39 795.99 870.49 943.70 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Liabilities 42,179.43 50,821.59 29,387.23 60,437.28 13,316.28 21,593.08 38,437.94 10,763.54 0 0 0 0 0 0 0 0 0 0 0
Equity -40,081.11 -46,879.39 -23,509.55 -53,023.14 -12,920.58 -27,966.54 -48,050.61 -16,592.56 1,469.05 8,569.88 10,975.14 316,314.98 314,364.76 312,853.93 310,939.37 305,684.02 304,514.82 294,715.59 278,239.36
   Shareholders Equity -80,162.22 -93,758.78 -47,019.10 -106,046.27 -25,841.17 -55,933.07 -96,101.22 -33,185.13 -36,196.54 -32,555.11 -14,042.66 -11,811.45 -11,152.13 -11,217.83 -12,753.14 -18,008.49 -19,177.69 5,000.01 5,000.01
      Capital Stock 3.20 3.19 3.18 3.06 73,335.01 73,334.69 73,334.63 71,545.28 0.91 0.91 0.91 0.10 0.10 0.10 0.10 0.10 0.10 0.44 1.23
      Share Premium 28,507.36 28,118.96 27,731.75 21,918.87 11,845.41 3,014.09 1,397.82 0 0 0 0 0 0 0 0 0 0 10,946.61 6,233.49
      Retained Earnings -68,580.78 -74,990.66 -51,233.61 -74,941.59 -24,765.22 -30,979.17 -49,441.17 -16,582.04 -18,099.18 -16,278.47 -14,043.57 -11,812.36 -11,153.04 -11,218.74 -12,754.05 -18,009.40 -19,178.61 -5,947.86 -1,234.72
      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 -10.88 -10.88 -10.88 -3.47 -3.47 -3.82 -9.57 -12.81 0 0 0 0 0 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 2,557.43 2,782.65 1,226.76 1,121.86 3,440.12 1,704.43 1,648.90 0 0 0 0 0 0 0 0 0 0 0
Debt 966.87 1,067.33 1,164.29 943.70 4,572.77 6,345.83 420,479,556.11 282,540,543.94 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00
Net Debt 0 0 0 0 0 6,119.08 420,477,830.29 282,537,419.53 1,481.25 1,286.11 931.76 445.42 308.75 235.08 29.95 0 0 0 0
Common Shares Outstanding 32,013.30 31,909.10 31,844.47 30,588.41 26,954.87 23,736.03 23,159.12 22,812.05 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 8,827.37 7,649.92 5,503.03 -24,344.54 19,843.69 16,976.05 10,575.01 12,299.58 0 0 0 0 0 0 0 0 0 0 0
Cost Of Revenue 4,456.01 3,882.40 3,268.02 -15,821.12 10,555.98 9,841.71 7,946.89 6,535.27 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 4,371.36 3,767.52 2,235.00 -8,523.42 9,287.71 7,134.33 2,628.13 5,764.32 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 10,974.38 7,503.76 3,949.36 -8,860.76 11,301.42 7,560.55 4,030.66 5,766.90 3,379.51 2,582.68 675.59 -492.97 904.98 636.72 348.28 -282.66 683.85 457.15 163.01
   Selling, General and Administrative Expenses 8,761.19 6,043.81 3,229.98 -7,100.28 8,829.54 6,162.41 3,335.29 2,947.41 3,469.51 2,582.68 675.59 -432.97 814.98 576.72 318.28 -262.66 613.85 417.15 153.01
   Research and Development Expenses 2,213.18 1,459.95 719.38 -1,760.48 2,471.87 1,398.14 695.37 0 0 0 0 0 0 0 0 0 0 0 0
   Other Operating Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,819.49 -90.00 0.00 0.00 -60.00 90.00 60.00 30.00 -20.00 70.00 40.00 10.00
Operating Income -6,603.02 -3,736.24 -1,714.36 337.34 -2,013.70 -426.22 -1,402.53 -2.59 -3,379.51 -2,582.68 -675.59 492.97 -904.98 -636.72 -348.28 282.66 -683.85 -457.15 -163.01
Net Non-Operating Income 0 0 0 -53,959.78 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Expense 0.00 0.00 77.55 -1,072.30 587.15 453.32 31.82 55.69 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Interest 190.69 138.15 -77.55 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
EBT 0 0 0 -57,464.89 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Income Tax 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
Equity Method Investments Income 0 0 0 0 0 0 0 0 0 3,412.94 2,998.35 2,124.14 1,899.91 454.77 30.63 -4.03 16.97 10.81 0.72
Net Income Including Non-Controlling Interests 0 0 0 0 0 0 -31,964.47 0 0 0 0 0 0 0 5,255.35 1,169.20 9,799.23 -4,713.15 -1,234.72
Net Income Non-Controlling Interests 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0.00 7,182.58 -5,947.86 -1,234.72 0.00
Net Income 6,360.81 -49.07 23,707.99 0 -7,288.52 -13,502.47 -31,964.47 18,011.87 -2,146.71 -657.17 1,163.14 -10,475.04 8,680.75 7,169.91 5,255.35 8,351.78 3,851.37 -5,947.86 -1,234.72
EBIT 0 0 0 -57,464.89 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deprecation and Amortization 278.33 180.00 83.40 -187.24 176.78 152.95 82.15 1,773.59 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBITDA 0 0 0 -57,240.25 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
EPS 0.00 0 0.00 0.00 -0.00 -0.00 0 0.00 -0.00 -0.00 0.00 0.00 0.00 0.00 0 0.00 0 0 0
Diluted EPS 0.00 0 0.00 0.00 -0.00 -0.00 0 0.00 0 0 0 0.00 0 0 0 0.00 0 0 0
Average Shares Outstanding Basic 31,970.36 31,873.64 31,704.12 27,528.20 24,696.42 23,220.71 22,898.49 16,727.33 19,713.54 9,122.31 9,122.31 -23,246.94 9,122.31 41,491.56 9,122.31 26,411.04 8,637.59 0 0
Average Shares Outstanding Diluted 41,672.40 31,789.35 38,820.84 51,675.03 23,609.19 23,059.60 0 20,390.66 0 0 0 10,789.75 0 0 32,369.25 0.00 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
Operating Cash Flow -4,502.42 -3,918.82 -2,097.84 3,736.27 -4,398.28 -4,146.87 -1,695.08 -1,084.89 -1,044.40 -708.70 -453.35 454.57 -471.86 -398.19 -193.05 2,511.05 -1,487.06 -1,393.95 -1,181.80
   Operating Net Income 6,360.81 -49.07 23,707.99 -4,709.43 -7,288.52 -13,502.47 -31,964.47 -14,730.39 -2,146.71 -657.17 1,163.14 -10,475.04 8,680.75 7,169.91 5,255.35 8,351.78 3,851.37 -5,947.86 -1,234.72
   Deprecation and Amortization 278.33 180.00 83.40 -187.24 176.78 152.95 82.15 1,773.59 0 0 0 0 0 0 0 0 0 0 0
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 1,155.85 800.42 1,282.10 1,123.89 803.80 530.62 268.99 715.73 0 0 0 0 0 0 0 0 0 0 0
   Change in Working Capital 533.09 1,413.73 2,237.92 3,198.08 -3,758.82 -4,631.70 -503.82 -24,250.01 2,091.86 1,673.10 307.97 388.88 -390.38 -268.47 -60.02 -2,270.06 841.31 1,006.18 1,249.49
   Other Operating Activities -12,830.49 -6,263.91 -29,409.24 4,310.96 5,668.48 13,303.73 30,422.06 35,406.19 -989.55 -1,724.63 -1,924.45 10,540.74 -8,762.22 -7,299.62 -5,388.39 -3,570.67 -6,179.74 3,547.73 -1,196.58
Investing Cash Flow 0 0 0 0 0 0 0 0 306,691.95 306,691.95 306,106.99 0 0 0 0 624,592.51 -323,692.51 -323,692.51 -300,900.00
   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 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 1,100.00 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 -306,691.95 -306,106.99 0 0 0 0 0 0 0 0
   Other Investing Activities 0 0 0 0 0 0 0 0 306,691.95 613,383.89 612,213.97 0 0 0 0 624,592.51 -323,692.51 -323,692.51 -300,900.00
Financing Cash Flow -1,149.34 -1,182.33 -497.40 5,471.35 7,780.22 1,240.22 293.25 925,767.13 -306,683.38 -306,823.93 -306,139.99 0 0 0 0 -630,617.95 326,907.37 326,907.37 303,710.58
   Net Issuance/Repayment of Debt 1,300.00 1,300.00 600.00 0 0 800.00 0 4,018.56 140.56 0 0 0 0 0 0 -297.24 148.62 148.62 148.62
   Net Issuance/Repurchase of Equity 241.47 117.67 102.60 4,115.40 2,260.56 1,275.83 293.25 0 174.01 0.01 10.00 -323,682.51 0 0 323,692.51 -644,292.51 333,992.51 333,992.51 310,300.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -2,690.81 -2,600.00 -1,200.00 2,155.95 5,519.66 -835.61 0.00 921,932.59 -306,997.95 -306,823.95 -306,149.99 0 0 0 0 13,971.79 -7,233.76 -7,233.76 -6,738.04
Net Change in Cash -5,651.76 -5,101.15 -2,595.24 9,207.62 3,381.94 -2,906.65 -1,401.84 5,191.36 -1,035.83 -840.69 -486.35 454.57 -471.86 -398.19 -193.05 -3,514.39 1,727.80 1,820.91 1,628.78
   Cash at Beginning of Period 11,407.42 11,407.42 11,407.42 2,207.21 3,133.75 3,133.40 3,127.65 -2,066.95 1,054.58 1,054.58 1,054.58 600.01 1,663.10 1,663.10 1,663.10 0.00 0 0 0
   Cash at End of Period 5,755.66 6,306.27 8,812.18 11,414.83 6,515.69 226.75 1,725.82 3,124.41 18.75 213.89 568.24 1,054.58 1,191.25 1,264.92 1,470.05 0 0 0 0
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0