Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -0.65 -35.19
Price to Sales 1.24 245.34
Book Value Per Common Share -7.67 0.16 0.30 0.17
Price to Book -1.16 250.31
Price to Operating Cash Flow -0.35 -117.99
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
Price to Earnings -6.79 -2.17 -3.28 -1.83 -191.25 -354.79 -18.42
Price to Sales 7.09 2.45 5.09 3.22 317.43 841.86 129.32
Book Value Per Common Share 2.73 5.01 -13.45 -7.67 0.03 0.06 0.10 0.16 0.21 0.05 0.07 0.35 0.41 0.18
Price to Book 20.60 2.47 -0.81 -1.16 695.70 386.36 245.89 250.31 112.34
Price to Operating Cash Flow -7.82 -1.66 -2.89 -0.98 -65.74 -437.24 -114.70
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 41.22
EBITDA YoY
Net Profit YoY
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
Earning YoY -37.50 166.67
Revenue YoY 57.20 135.61 53.19 144.99 140.53
EBITDA YoY
Net Profit YoY -34.54 176.82

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 24.65 1.15 0.00 0.00
Quick Ratio
Current Ratio 0.03 0.15
Debt to Equity -16.70 6.39 0.06 0.12
Long-Term Debt to Equity 0.00 0.09
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
Cash Per Common Share 30.86 31.87 30.53 24.55 24.56 0.50 0.64 0.70 1.69 0.07 0.04 0.10 0.00 0.00
Quick Ratio 0.12
Current Ratio 0.13 0.06 0.27 0.04 0.12
Debt to Equity 32.02 15.09 -10.84 -16.70 2177.26 20.33 10.03 6.39 4.96 6.64 4.60 0.09 0.07 0.11
Long-Term Debt to Equity 0.15 0.19 0.02 0.03 0.08

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -22.59 -59.24 3.09
ROE 354.63 -437.54 3.27
Gross Margin -28.27
Operating Margin -169.56 -628.91
EBITDA Margin -138.93 -566.21
Net Profit Margin -190.15 -698.28
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
ROA -9.10 -7.05 -5.03 -17.40 -9.69 -6.12 -50.74 -2.22 -0.23 0.64 1.00 0.36
ROE -300.52 -113.41 49.50 -37903.87 -206.77 -67.50 -302.38 -16.94 -1.28 0.70 1.07 0.40
Gross Margin -23.54
Operating Margin -80.29 -91.27 -134.90 -151.07 -145.13 -196.82 -631.98
EBITDA Margin -71.24 -81.48 -122.69 -120.74 -109.61 -150.88 -575.39
Net Profit Margin -104.47 -113.21 -155.31 -176.11 -170.34 -231.41 -703.64

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
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 913,057.00 905,554.00 282,703.80 279,089.67
   Current Assets 0 0 419.18 1,067.28
   Deposits 134,130.00 11,839.00 0 0
      Cash and Short-Term Investments 372,440.00 529,200.00 285.31 37.65
            Cash and Cash Equivalents 211,101.00 503,591.00 285.31 37.65
            Short-Term Investments 161,339.00 76,757.00 0 0
      Net Receivables 5,484.00 8,348.00 0 0
      Inventory 0 0 0 0
      Other Current Assets 0 0 133.88 1,029.63
   Non-Current Assets 0 0 282,284.62 278,022.40
      Property, Plant, Equipment Net 4,104.00 36,442.00 0 0
      Goodwill 23,615.00 32,390.00 0 0
      Intangible Assets 20,936.00 38,126.00 0 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 22.00 0 0
      Other Non-Current Assets 0 0 0 0
Liabilities 971,227.00 782,954.00 15,496.90 28,880.54
   Current Liabilities 0 0 15,024.39 7,034.72
      Payables and Expenses 0 0 4,711.99 5,622.43
            Account Payables 0 0 0 0
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 0 0 0 0
      Other Current Liabilities 0 0 10,312.40 1,412.30
   Non-Current Liabilities 0 0 472.51 21,845.82
      Long-Term Debt 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0
Equity -58,170.00 122,600.00 267,206.91 250,209.13
   Shareholders Equity -116,340.00 122,600.00 20,578.42 7,206.26
      Capital Stock 2.00 74.00 1.04 1.04
      Share Premium 1,863,288.00 1,838,427.00 18,389.01 12,263.98
      Retained Earnings -1,910,366.00 -1,704,076.00 2,188.37 -5,058.76
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -1,936.00 -1,714.00 0 0
   Minority Interest 0 0 0 0
Investments 168,956.00 81,905.00 0 0
Debt 1,043,530.00 1,060,446.00 0 0
Net Debt 671,090.00 531,246.00 0 0
Common Shares Outstanding 15,168.80 751,773.36 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 108,488.00 76,820.00 0 0
Cost Of Revenue 0 98,538.90 0 0
Gross Profit 0 -21,718.90 0 0
Operating Expenses 0 269,557.10 8,577.54 7,390.96
   Selling, General and Administrative Expenses 86,334.40 169,314.00 0 0
   Research and Development Expenses 26,110.00 83,815.00 0 0
   Other Operating Expenses 0 16,428.10 8,577.54 7,390.96
Operating Income 0 -291,276.00 -8,577.54 -7,390.96
Net Non-Operating Income 0 -243,146.00 0 0
Interest Income 38,990.00 15,975.00 0 0
Interest Expense 21,488.00 51,296.00 0.00 0.00
Net Interest 17,502.00 3,895.00 4,262.22 19.53
EBT -205,440.00 -534,422.00 0 0
Income Tax 850.00 1,998.00 0.00 0.00
Net Income -206,290.00 -536,420.00 8,735.54 0
EBIT -183,952.00 -483,126.00 0 0
Deprecation and Amortization 33,227.00 48,161.00 0.00 0.00
EBITDA -150,725.00 -434,965.00 0 0
EPS -0.01 -0.00 0.00 -0.00
Diluted EPS -0.01 -0.00 0.00 -0.00
Average Shares Outstanding Basic 15,111.70 461,684.13 69,500.72 43,480.65
Average Shares Outstanding Diluted 15,111.70 461,684.13 45,200.43 43,480.65
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -379,971.00 -159,720.00 -1,152.44 -3,243.01
   Operating Net Income -206,290.00 -536,420.00 8,735.54 -5,038.76
   Deprecation and Amortization 33,227.00 48,161.00 0 0
   Deferred Income Tax 4.00 83.00 0 0
   Share Based Compensation 26,753.00 54,160.00 0 0
   Change in Working Capital -40,749.00 -77,509.00 -1,866.40 6,197.22
   Other Operating Activities -192,916.00 351,805.00 -8,021.58 -4,401.46
Investing Cash Flow -143,810.00 -38,594.00 0 -278,002.87
   Capital Expenditure 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 13,020.00 10,542.00 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 12,713.00 0 0
   Net Loan & Lease Activity 113,694.00 0 0 0
   Other Investing Activities -270,524.00 -61,849.00 0 -278,002.87
Financing Cash Flow 239,131.00 381,402.00 1,400.10 281,283.52
   Net Issuance/Repayment of Debt 118,955.00 6,077,864.00 1,400.10 1,280.65
   Net Issuance/Repurchase of Equity 91.00 17,898.00 0 202,180.11
   Dividends Paid 0 0 0 0
   Other Financing Activities 120,085.00 -5,714,360.00 0.00 77,822.76
Net Change in Cash -284,867.00 182,001.00 247.66 37.65
   Cash at Beginning of Period 520,384.00 346,065.00 37.65 0
   Cash at End of Period 235,517.00 528,066.00 285.31 37.65
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 1,384,134.00 1,231,861.00 1,004,992.00 913,057.00 845,163.00 957,883.00 841,586.00 905,554.00 937,055.00 23,872.06 22,169.02 282,703.80 284,696.91 278,825.80 278,989.39 279,089.67 278,982.98 278,992.89 280,004.05
   Current Assets 0 0 0 0 0 0 0 0 0 2,554.81 1,044.07 419.18 4,872.06 359.65 943.73 1,067.28 967.70 986.89 2,001.18
   Deposits 694,815.00 482,400.00 261,100.00 134,130.00 97,800.00 36,600.00 11,831.00 11,839.00 9,908.00 0 0 0 0 0 0 0 0 0 0
      Cash and Short-Term Investments 469,869.00 483,997.00 463,113.00 372,440.00 370,923.00 378,800.00 482,600.00 529,200.00 616,311.00 1,228.85 991.57 285.31 4,655.81 35.27 36.47 37.65 117.24 243.97 1,999.93
            Cash and Cash Equivalents 73,893.00 87,134.00 110,565.00 211,101.00 207,673.00 320,936.00 424,528.00 503,591.00 526,765.00 1,228.85 991.57 285.31 4,655.81 35.27 36.47 37.65 117.24 243.97 1,999.93
            Short-Term Investments 395,976.00 396,863.00 352,548.00 161,339.00 163,250.00 173,530.00 173,233.00 76,757.00 89,546.00 0 0 0 0 0 0 0 0 0 0
      Net Receivables 4,483.00 198.00 4,688.00 5,484.00 7,109.00 9,492.00 8,473.00 8,348.00 9,717.00 1,250.00 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 0 0 0 0 0 0 0 0 0 75.96 52.50 133.88 216.25 324.38 907.26 1,029.63 850.45 742.92 1.25
   Non-Current Assets 0 0 0 0 0 0 0 0 0 21,317.26 21,124.96 282,284.62 279,824.85 278,466.15 278,045.66 278,022.40 278,015.29 278,005.99 278,002.87
      Property, Plant, Equipment Net 6,521.00 6,741.00 7,892.00 4,104.00 16,317.00 33,947.00 34,738.00 36,442.00 41,356.00 0 0 0 0 0 0 0 0 0 0
      Goodwill 24,513.00 24,765.00 23,994.00 23,615.00 33,403.00 32,245.00 32,209.00 32,390.00 32,492.00 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 21,520.00 21,273.00 20,488.00 20,936.00 24,684.00 25,941.00 30,849.00 38,126.00 48,406.00 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 22.00 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Liabilities 1,342,222.00 1,155,304.00 1,107,137.00 971,227.00 844,775.00 912,975.00 765,296.00 782,954.00 779,823.00 20,747.83 18,213.66 15,496.90 24,335.03 17,498.28 27,770.22 28,880.54 31,189.51 30,332.29 25,935.07
   Current Liabilities 0 0 0 0 0 0 0 0 0 20,267.23 17,479.92 15,024.39 17,971.05 10,048.97 8,002.47 7,034.72 3,169.76 875.24 676.09
      Payables and Expenses 0 0 0 0 0 0 0 0 0 3,604.84 5,817.53 4,711.99 7,658.66 7,736.58 6,190.17 5,622.43 2,707.47 412.95 0
            Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0 0 0 0 0 16,662.40 11,662.40 10,312.40 10,312.40 2,312.39 1,812.30 1,412.30 462.30 462.30 0
   Non-Current Liabilities 0 0 0 0 0 0 0 0 0 480.60 733.74 472.51 6,363.98 7,449.31 19,767.75 21,845.82 28,019.75 29,457.05 25,258.98
      Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Equity 41,912.00 76,557.00 -102,145.00 -58,170.00 388.00 44,908.00 76,290.00 122,600.00 157,232.00 3,124.23 3,955.36 267,206.91 260,361.89 261,327.52 251,219.17 250,209.13 247,793.47 248,660.60 254,068.98
   Shareholders Equity 41,912.00 76,557.00 -204,290.00 -116,340.00 388.00 44,908.00 76,290.00 122,600.00 157,232.00 922.62 1,773.70 20,578.42 15,883.49 18,324.65 8,216.30 7,206.26 4,790.60 20,574.64 51,986.05
      Capital Stock 2.00 2.00 2.00 2.00 2.00 75.00 75.00 74.00 74.00 0.88 0.88 1.04 1.04 1.04 1.04 1.04 1.04 1.04 1.07
      Share Premium 2,083,521.00 2,077,303.00 1,867,649.00 1,863,288.00 1,858,070.00 1,852,344.00 1,844,786.00 1,838,427.00 1,826,848.00 54.85 74.81 18,389.01 19,110.89 20,586.42 12,263.98 12,263.98 13,319.98 28,236.89 28,236.87
      Retained Earnings -2,036,318.00 -1,997,193.00 -1,960,923.00 -1,910,366.00 -1,851,143.00 -1,796,933.00 -1,755,568.00 -1,704,076.00 -1,656,856.00 866.89 1,698.02 2,188.37 -3,228.45 -2,262.82 -4,048.72 -5,058.76 -8,530.42 -7,663.30 -2,254.91
      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 3,867.00 5,605.00 287.00 -1,936.00 2,608.00 -1,448.00 -2,027.00 -1,714.00 -2,430.00 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 411,846.00 412,607.00 364,431.00 168,956.00 176,525.00 187,720.00 178,444.00 81,905.00 100,697.00 0 0 0 0 0 0 0 0 0 0
Debt 733,542.00 719,800.00 1,050,316.00 1,043,530.00 1,040,836.00 1,059,995.00 1,058,757.00 1,060,446.00 1,059,308.00 0 0 0 0 0 0 0 0 0 0
Net Debt 263,673.00 235,803.00 587,203.00 671,090.00 669,913.00 681,195.00 576,157.00 531,246.00 442,997.00 0 0 0 0 0 0 0 0 0 0
Common Shares Outstanding 15,375.95 15,274.15 15,188.03 15,168.80 15,136.30 755,548.68 755,578.69 751,773.36 737,585.44 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 120,564.00 76,697.00 32,553.00 -51,783.00 83,507.00 54,513.00 22,251.00 9,251.00 67,569.00 0 0 0 0 0 0 0 0 0 0
Cost Of Revenue 0 0 0 0 0 0 0 15,061.00 83,477.90 0 0 0 0 0 0 0 0 0 0
Gross Profit 0 0 0 0 0 0 0 -5,810.00 -15,908.90 0 0 0 0 0 0 0 0 0 0
Operating Expenses 0 0 0 0 0 0 0 55,591.75 208,467.10 3,667.59 1,830.66 -3,367.16 7,131.54 3,721.88 1,091.29 2,355.10 3,625.58 1,311.86 98.42
   Selling, General and Administrative Expenses 63,621.00 42,964.00 20,317.00 -41,552.60 66,999.00 42,287.00 18,601.00 38,793.60 130,520.40 0 0 0 0 0 0 0 0 0 0
   Research and Development Expenses 20,856.00 14,130.00 7,182.00 -10,677.00 19,289.00 12,040.00 5,458.00 17,176.00 66,639.00 0 0 0 0 0 0 0 0 0 0
   Other Operating Expenses 0 0 0 0 0 0 0 -377.85 11,307.70 3,667.59 1,830.66 -3,367.16 7,131.54 3,721.88 1,091.29 2,355.10 3,625.58 1,311.86 98.42
Operating Income 0 0 0 0 0 0 0 -61,401.75 -224,376.00 -3,667.59 -1,830.66 3,367.16 -7,131.54 -3,721.88 -1,091.29 -2,355.10 -3,625.58 -1,311.86 -98.42
Net Non-Operating Income 0 0 0 0 0 0 0 5,380.00 -248,526.00 0 0 0 0 0 0 0 0 0 0
Interest Income 41,457.00 24,602.00 10,445.00 -14,497.00 27,900.00 18,033.00 7,554.00 3,148.00 12,827.00 0 0 0 0 0 0 0 0 0 0
Interest Expense 28,769.00 16,583.00 6,498.00 -19,910.00 20,445.00 13,399.00 7,554.00 5,415.00 45,881.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Interest 12,688.00 8,019.00 3,947.00 -12,341.00 13,355.00 8,934.00 7,554.00 -3,208.16 2,983.00 2,156.23 1,963.93 1,992.75 1,802.45 443.75 23.26 3.99 12.42 3.12 0
EBT -125,568.00 -86,588.00 -50,412.00 85,015.00 -146,595.00 -92,511.00 -51,349.00 -61,520.00 -472,902.00 0 0 0 0 0 0 0 0 0 0
Income Tax 384.00 239.00 145.00 -111.00 472.00 346.00 143.00 -541.00 2,539.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income -125,952.00 -86,827.00 -50,557.00 85,126.00 -147,067.00 -92,857.00 -51,492.00 -60,399.20 -475,441.00 -529.18 -50.61 3,099.24 1,830.31 2,795.95 1,010.04 0 -2,361.57 -7,643.30 0
EBIT -96,799.00 -70,005.00 -43,914.00 65,105.00 -126,150.00 -79,112.00 -43,795.00 -56,105.00 -427,021.00 0 0 0 0 0 0 0 0 0 0
Deprecation and Amortization 10,908.00 7,510.00 3,975.00 -21,677.00 25,323.00 19,359.00 10,222.00 9,923.00 38,238.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBITDA -85,891.00 -62,495.00 -39,939.00 43,428.00 -100,827.00 -59,753.00 -33,573.00 -46,182.00 -388,783.00 0 0 0 0 0 0 0 0 0 0
EPS -0.01 -0.01 -0.00 0.00 -0.01 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 0.00 0.00 0.00 0.00 0 0 0
Diluted EPS -0.01 -0.01 -0.00 0.00 -0.01 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 0.00 0.00 0.00 0.00 0 0 0
Average Shares Outstanding Basic 15,223.49 15,185.72 15,166.73 -1,463,045.13 15,102.74 754,395.66 753,993.53 1,440,359.19 364,817.45 16,823.98 24,735.91 142,401.58 45,200.43 45,200.43 45,200.43 43,480.65 0 0 0
Average Shares Outstanding Diluted 15,223.49 15,185.72 15,166.73 -1,463,045.13 15,102.74 754,395.66 753,993.53 1,440,359.19 364,817.45 16,823.98 24,735.91 45,200.43 45,200.43 45,200.43 45,200.43 43,480.65 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 -109,305.00 -113,515.00 -57,187.00 200,162.00 -273,945.00 -263,382.00 -42,806.00 -90,002.80 -76,167.00 3,343.54 3,106.26 -3,533.87 3,218.07 -458.72 -377.92 1,137.80 -2,213.41 -2,086.68 -80.72
   Operating Net Income -125,952.00 -86,827.00 -50,557.00 85,126.00 -147,067.00 -92,857.00 -51,492.00 -59,891.96 -475,441.00 -959.09 -127.95 3,099.24 1,830.31 2,795.95 1,010.04 13,349.87 -8,510.42 -7,643.30 -2,234.91
   Deprecation and Amortization 10,908.00 7,510.00 3,975.00 -21,677.00 25,323.00 19,359.00 10,222.00 9,923.00 38,238.00 0 0 0 0 0 0 0 0 0 0
   Deferred Income Tax 0 0 0 4.00 0 0 0 83.00 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 12,556.00 8,285.00 4,033.00 -20,144.00 21,812.00 16,325.00 8,760.00 16,762.00 37,398.00 0 0 0 0 0 0 0 0 0 0
   Change in Working Capital 29,093.00 39,540.00 30,543.00 5,875.00 -19,852.00 -4,357.00 -22,415.00 -33,094.10 -45,524.00 84.93 1,024.16 -4,943.53 1,222.85 1,408.90 445.38 2,382.91 3,103.07 701.03 10.20
   Other Operating Activities -35,910.00 -82,023.00 -45,181.00 150,978.00 -154,161.00 -201,852.00 12,119.00 -23,784.74 369,162.00 4,217.69 2,210.05 -1,689.59 164.91 -4,663.56 -1,833.34 -14,594.98 3,193.94 4,855.59 2,143.99
Investing Cash Flow -589,529.00 -381,967.00 -158,843.00 64,375.00 -111,825.00 -62,974.00 -33,386.00 -522,849.18 -41,992.00 263,123.59 263,123.59 0 0 -443.75 -23.26 556,005.74 -278,002.87 -278,002.87 -278,002.87
   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 8,252.00 5,452.00 2,541.00 1,304.00 7,049.00 3,808.00 859.00 930.00 9,612.00 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0.00 12,713.00 0 0 0 0 0 0 0 0 0 0
   Net Loan & Lease Activity 113,694.00 0 0 0
   Other Investing Activities -1,104,266.00 -688,840.00 -255,841.00 61,806.00 -201,053.00 -97,032.00 -34,245.00 -523,779.18 -64,317.00 263,123.59 263,123.59 0 0 -443.75 -23.26 556,005.74 -278,002.87 -278,002.87 -278,002.87
Financing Cash Flow 555,373.00 365,350.00 118,821.00 2,344.00 93,108.00 144,827.00 -1,148.00 584,778.18 327,671.00 -265,523.59 -265,523.59 -1,300.10 1,400.10 900.10 400.00 -559,467.05 280,333.52 280,333.52 280,083.52
   Net Issuance/Repayment of Debt 217,307.00 237,119.00 -8,114.00 -13,810.00 9,366.00 122,239.00 1,160.00 851,248.00 5,221,816.00 2,400.00 2,400.00 -1,300.10 1,400.10 900.10 400.00 538.70 330.65 330.65 80.65
   Net Issuance/Repurchase of Equity 1,193.00 1.00 2.00 27.00 5.00 39.00 20.00 -526,503.18 18,154.00 263,123.59 263,123.59 0 0 0 0 -86,660.06 96,720.06 96,060.06 96,060.06
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities 336,873.00 128,230.00 126,933.00 16,127.00 83,737.00 22,549.00 -2,328.00 260,033.37 -4,912,299.00 -531,047.18 -531,047.18 0.00 0.00 0.00 0.00 -473,345.68 183,282.81 183,942.81 183,942.81
Net Change in Cash -150,401.00 -139,054.00 -100,044.00 264,249.00 -290,987.00 -180,666.00 -77,463.00 -28,154.80 208,506.00 943.54 706.26 -4,366.96 4,618.17 -2.37 -1.18 -2,323.51 117.24 243.97 1,999.93
   Cash at Beginning of Period 236,845.00 236,833.00 235,806.00 -28,732.00 528,066.00 528,066.00 528,066.00 556,220.80 346,065.00 285.31 285.31 4,652.27 37.65 37.65 37.65 2,361.15 0 0 0
   Cash at End of Period 86,444.00 97,779.00 135,762.00 235,517.00 237,079.00 347,400.00 450,603.00 528,066.00 554,571.00 1,228.85 991.57 285.31 4,655.81 35.27 36.47 37.65 117.24 243.97 1,999.93
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0