Valuation Ratios

Breakdown 2024-12-31 2023-06-30 2022-06-30 2021-06-30
Price to Earnings -2.87 -4.54 -6.88
Price to Sales
Book Value Per Common Share 0.10 -1.23 1.96 5.18
Price to Book 96.25 -20.77 12.24
Price to Operating Cash Flow 156.32 -12.30 -11.59
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 2023-09-30 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 2020-12-31
Price to Earnings -25.18 -35.42 -5.43 -4.12 -4.48 -9.28 -12.34 -6.74 -7.28 -28.48 -10.12 -18.16
Price to Sales
Book Value Per Common Share 3.20 -0.38 -3.27 0.10 -1.67 -7.31 -7.08 1.18 -1.23 -1.57 11.04 1.05 1.96 2.83 4.01 4.63 5.18 3.97 4.65
Price to Book 7.80 -51.45 -3.12 96.25 -11.52 -2.47 -2.80 15.43 -20.77 -18.19 2.08 28.60 12.24 8.66 6.39
Price to Operating Cash Flow 5.04 6.37 4.30 18.91 -25.52 -43.11 -45.64 -14.57 -14.75 -38.53 -17.81 -31.84
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-06-30 2022-06-30 2021-06-30
Earning YoY
Revenue YoY
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 2023-09-30 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 2020-12-31
Earning YoY -14.20
Revenue YoY
EBITDA YoY
Net Profit YoY -14.92

Financial Strength

Breakdown 2024-12-31 2023-06-30 2022-06-30 2021-06-30
Cash Per Common Share 1.86 1.68 3.46 5.63
Quick Ratio
Current Ratio 1.55 5.67 7.19 11.54
Debt to Equity 0.64 0.48 1.18 0.14
Long-Term Debt to Equity 0.29 0.36 0.98 0.04
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 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 2020-12-31
Cash Per Common Share 8.79 3.03 2.93 1.66 3.48 2.52 0.82 2.10 1.53 0.45 1.33 2.66 3.45 1.22 3.27 4.04 5.28 4.19 5.06
Quick Ratio
Current Ratio 1.14 0.47 0.41 1.55 0.47 0.51 0.28 4.02 5.67 7.09 6.98 7.98 7.19 8.14 3.48 3.84 11.54 22.31 14.04
Debt to Equity 3.55 -65.04 -8.19 0.64 -16.50 -3.47 -2.94 3.97 0.48 -4.06 -30.92 3.51 1.18 0.24 0.37 0.34 0.14 0.10 0.12
Long-Term Debt to Equity 1.56 -30.70 -3.75 0.29 -8.62 -2.14 -1.98 3.52 0.36 -3.96 -29.11 3.19 0.98 0.17 0.12 0.11 0.04 0.05 0.04

Profitability

Breakdown 2024-12-31 2023-06-30 2022-06-30 2021-06-30
ROA 58.31
ROE 66.33
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 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 2020-12-31
ROA -167.19 -92.01 -69.01 -25.29 95.79 93.43
ROE 512.37 2752.86 -85.26 -34.65 105.21 104.79
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

Dividends

Breakdown 2024-12-31 2023-06-30 2022-06-30 2021-06-30
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 2023-09-30 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 2020-12-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-06-30 2022-06-30 2021-06-30
Assets 652,794.01 205,130.12 50,865.01 40,934.63
   Current Assets 188,444.76 94,010.37 32,801.77 38,770.76
      Cash and Short-Term Investments 20,315.52 11,877.19 23,326.10 35,220.59
            Cash and Cash Equivalents 20,315.52 11,877.19 23,326.10 35,220.59
            Short-Term Investments 0 0 0 0
      Net Receivables 0 0 0 0
      Inventory 0 0 0 0
      Other Current Assets 168,129.24 82,133.18 9,475.67 3,550.17
   Non-Current Assets 464,349.26 111,119.74 18,063.24 2,163.87
      Property, Plant, Equipment Net 50,577.10 13,371.64 13,514.53 36.53
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 121,759.62 0 0 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 292,012.54 97,748.10 4,548.71 2,127.34
Liabilities 254,871.20 66,693.26 27,493.90 4,948.01
   Current Liabilities 121,739.73 16,582.08 4,562.71 3,360.91
      Payables and Expenses 3,222.43 2,298.62 1,504.84 222.10
            Account Payables 418.84 220.75 633.86 26.27
            Current Accrued Liabilities 2,803.60 2,077.87 870.98 195.84
      Short-Term Debt 42,600.00 0 0 0
      Other Current Liabilities 75,917.29 14,283.46 3,057.87 3,138.80
   Non-Current Liabilities 115,896.07 50,111.18 22,931.19 1,587.10
      Long-Term Debt 26,369.20 25,457.05 19,239.96 0
      Other Non-Current Liabilities 89,526.87 24,654.13 3,691.23 0
Equity 397,922.81 138,436.86 23,371.11 35,986.62
   Shareholders Equity 1,272.64 -9,546.88 13,274.04 34,548.78
      Capital Stock 122.31 77.82 68.60 66.76
      Share Premium 178,270.78 93,424.28 74,057.86 69,509.61
      Retained Earnings -177,072.14 -98,275.54 -58,534.24 -35,027.59
      Treasury Shares 48.31 0 2,318.18 0
      Accumulated Other Comprehensive Income 0 0 0 0
   Minority Interest 0 0 0 0
Investments 121,759.62 0 0 0
Debt 68,969.20 25,457.05 19,239.96 0
Net Debt 48,653.68 13,579.85 0 0
Common Shares Outstanding 12,228.48 7,781.69 6,769.92 6,675.75
Breakdown 2024-12-31 2023-06-30 2022-06-30 2021-06-30
   Selling, General and Administrative Expenses 10,611.27 10,465.13 11,626.39 11,980.33
Operating Income 26,277.56 0 0 0
Net Non-Operating Income -102,504.95 -22,089.56 -3,993.09 35,833.18
Interest Income 0 0 331.55 0
Interest Expense 22,757.51 1,930.02 330.05 0.00
Net Interest -22,757.51 -1,930.02 1.50 1.57
EBT -76,227.38 -39,741.30 -23,626.38 25,171.00
Income Tax 83.40 0.00 119.73 1,301.87
Equity Method Investments Income 41,669.22 -21,120.00 -3,706.00 -3,861.25
Net Income 0 0 0 23,869.12
EBIT -53,469.88 -37,811.29 -23,296.33 25,171.00
Deprecation and Amortization 121.88 136.50 55.74 0.00
EBITDA -53,348.00 -37,674.78 -23,240.59 0
EPS -0.00 -0.01 -0.00 0.00
Diluted EPS -0.00 -0.01 -0.00 0.00
Average Shares Outstanding Basic 10,896.23 7,087.03 6,734.44 6,250.89
Average Shares Outstanding Diluted 10,896.23 7,087.03 6,734.44 6,253.66
Breakdown 2024-12-31 2023-06-30 2022-06-30 2021-06-30
Operating Cash Flow 698.99 -14,678.57 -13,945.45 -8,378.41
   Operating Net Income -76,060.58 -79,482.60 -47,013.30 23,869.12
   Deprecation and Amortization 121.88 136.50 55.74 0
   Deferred Income Tax -90.51 0 0 0
   Share Based Compensation 2,638.64 2,931.29 3,993.66 3,892.88
   Change in Working Capital -1,017.14 754.34 896.86 -622.02
   Other Operating Activities 75,106.71 60,981.90 28,121.59 -35,518.39
Investing Cash Flow -32,129.28 -21,120.72 -15,392.58 27,352.22
   Capital Expenditure 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 23.67 0 43.99 36.53
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 32,105.61 42,240.72 19,054.59 38,972.50
   Other Investing Activities -64,258.56 -63,361.44 -34,491.15 -11,656.82
Financing Cash Flow 36,008.42 24,350.38 17,443.54 13,234.86
   Net Issuance/Repayment of Debt 113,700.00 7,647.50 19,969.97 0
   Net Issuance/Repurchase of Equity 0 6,886.00 -43.56 0
   Dividends Paid 0 0 0 0
   Other Financing Activities -77,691.58 9,816.88 -2,482.86 13,234.86
Net Change in Cash 4,578.13 -11,448.91 -11,894.49 32,208.67
   Cash at Beginning of Period 15,737.39 23,326.10 35,220.59 3,011.92
   Cash at End of Period 20,315.52 11,877.19 23,326.10 35,220.59
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 2023-09-30 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 2020-12-31
Assets 217,659.09 153,137.68 147,364.01 652,794.01 158,331.87 93,635.57 66,159.10 54,855.88 205,130.12 17,540.08 23,259.57 31,960.91 50,865.01 23,585.16 37,356.86 41,461.85 40,934.63 26,849.08 32,352.64
   Current Assets 108,050.90 38,862.07 37,056.94 188,444.76 37,484.72 25,632.01 9,041.77 20,082.53 94,010.37 4,127.47 9,812.75 18,480.60 32,801.77 9,976.37 23,728.54 27,828.21 38,770.76 26,849.08 32,352.64
      Cash and Short-Term Investments 107,082.65 36,559.79 35,213.82 20,315.52 36,400.81 24,353.35 7,851.91 18,738.31 11,877.19 3,150.09 8,996.15 18,040.63 23,326.10 8,216.59 22,098.98 26,988.30 35,220.59 26,239.96 31,939.88
            Cash and Cash Equivalents 107,082.65 36,559.79 35,213.82 20,315.52 36,400.81 24,353.35 7,851.91 18,738.31 11,877.19 3,150.09 8,996.15 18,040.63 23,326.10 8,216.59 22,098.98 26,988.30 35,220.59 26,239.96 31,939.88
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Inventory 0 803.82 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 968.25 1,498.46 1,843.13 168,129.24 1,083.91 1,278.66 1,189.85 1,344.23 82,133.18 977.38 816.60 439.97 9,475.67 1,759.78 1,629.56 839.91 3,550.17 609.12 412.76
   Non-Current Assets 109,608.20 114,275.61 110,307.06 464,349.26 120,847.15 68,003.56 57,117.34 34,773.35 111,119.74 13,412.61 13,446.82 13,480.32 18,063.24 13,608.79 13,628.32 13,633.64 2,163.87 0.00 0.00
      Property, Plant, Equipment Net 50,440.23 50,482.57 50,524.35 50,577.10 52,485.38 13,279.52 13,306.85 13,352.64 13,371.64 13,412.61 13,446.82 13,480.32 13,514.53 13,608.79 13,628.32 13,633.64 36.53 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 118,335.93 127,586.08 119,565.43 121,759.62 136,570.15 54,468.52 43,374.15 21,420.71 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 -59,167.96 -63,793.04 -59,782.72 292,012.54 -68,208.38 255.52 436.33 0.00 97,748.10 0.00 0.00 0.00 4,548.71 0.00 0.00 0.00 2,127.34 0 0
Liabilities 169,849.56 155,529.06 167,867.43 254,871.20 168,549.81 131,515.04 100,208.92 43,814.69 66,693.26 23,263.63 24,036.96 24,879.57 27,493.90 4,497.35 10,090.05 10,507.00 4,948.01 2,403.63 3,504.47
   Current Liabilities 95,193.17 82,108.66 90,997.38 121,739.73 80,479.84 50,536.29 32,732.44 5,001.09 16,582.08 581.81 1,405.51 2,314.71 4,562.71 1,225.07 6,820.50 7,241.01 3,360.91 1,203.63 2,304.47
      Payables and Expenses 10,670.27 4,048.90 10,801.31 3,222.43 14,606.58 2,766.97 1,537.96 3,001.09 2,298.62 581.81 1,405.51 2,314.71 1,504.84 1,083.17 570.50 991.01 222.10 1,203.63 2,304.47
            Account Payables 9,514.59 2,489.44 8,918.44 418.84 2,378.65 790.61 420.85 2,129.36 220.75 74.96 150.68 1,210.35 633.86 585.68 396.44 546.12 26.27 69.79 23.67
            Current Accrued Liabilities 1,155.68 1,559.46 1,882.87 2,803.60 12,227.93 1,976.35 1,117.11 871.73 2,077.87 506.86 1,254.84 1,104.36 870.98 497.48 174.05 444.88 195.84 1,133.84 2,280.81
      Short-Term Debt 11,500.00 17,500.00 24,700.00 42,600.00 34,900.00 29,900.00 21,700.00 2,000.00 0 0 0 0 0 141.91 6,250.00 6,250.00 0 0 0
      Other Current Liabilities 73,022.90 60,559.76 55,496.07 75,917.29 30,973.26 17,869.33 9,494.49 0.00 14,283.46 0.00 0.00 0.00 3,057.87 0.00 0.00 0.00 3,138.80 0.00 0.00
   Non-Current Liabilities 74,656.39 73,420.40 76,870.05 115,896.07 88,069.97 80,978.75 67,476.48 38,813.60 50,111.18 22,681.82 22,631.44 22,564.87 22,931.19 3,272.27 3,269.55 3,265.99 1,587.10 1,200.00 1,200.00
      Long-Term Debt 30,597.29 31,043.06 31,351.92 26,369.20 38,962.34 44,698.45 35,378.01 32,855.39 25,457.05 19,397.83 19,350.32 19,286.69 19,239.96 0 0 0 0 0 0
      Other Non-Current Liabilities 44,059.10 42,377.34 45,518.13 89,526.87 49,107.63 36,280.30 32,098.47 5,958.22 24,654.13 3,283.98 3,281.12 3,278.17 3,691.23 0 0 0 0 0 0
Equity 47,809.54 -2,391.38 -20,503.42 397,922.81 -10,217.94 -37,879.47 -34,049.82 11,041.19 138,436.86 -5,723.55 -777.38 7,081.34 23,371.11 19,087.82 27,266.82 30,954.85 35,986.62 24,445.45 28,848.17
   Shareholders Equity 47,809.54 -4,782.75 -41,006.84 1,272.64 -20,435.89 -75,758.94 -68,099.64 11,041.19 -9,546.88 -11,447.10 78,379.77 7,081.34 13,274.04 19,087.82 27,266.82 30,954.85 34,548.78 24,445.45 28,848.17
      Capital Stock 149.62 126.36 125.42 122.31 122.26 103.66 96.16 93.95 77.82 73.07 71.01 68.60 68.60 68.36 68.09 66.86 66.76 62.01 62.01
      Share Premium 236,796.77 181,226.17 179,039.93 178,270.78 177,505.36 140,150.02 125,441.41 122,393.20 93,424.28 82,063.41 79,086.14 74,845.73 74,057.86 72,640.34 71,742.87 70,487.80 69,509.61 58,438.28 57,454.30
      Retained Earnings -189,088.55 -183,695.60 -199,620.46 -177,072.14 -187,797.25 -178,084.84 -159,539.08 -111,424.76 -98,275.54 -87,860.03 -79,934.54 -65,626.01 -58,534.24 -51,302.71 -44,474.84 -39,599.80 -35,027.59 -33,178.29 -28,668.13
      Treasury Shares 48.31 48.31 48.31 48.31 48.31 48.31 48.31 21.19 0 0 0 2,206.99 2,318.18 2,318.18 69.31 0 0 876.55 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 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 118,335.93 127,586.08 119,565.43 121,759.62 136,570.15 54,468.52 43,374.15 21,420.71 0 0 0 0 0 0 0 0 0 0 0
Debt 42,097.29 48,543.06 56,051.92 68,969.20 73,862.34 74,598.45 57,078.01 34,855.39 25,457.05 19,397.83 19,350.32 19,286.69 19,239.96 141.91 6,250.00 6,250.00 0 0 0
Net Debt 0 11,983.27 20,838.10 48,653.68 37,461.54 50,245.10 49,226.09 16,117.08 13,579.85 16,247.74 10,354.17 1,246.07 0 0 0 0 0 0 0
Common Shares Outstanding 14,959.93 12,633.36 12,539.48 12,228.48 12,223.76 10,363.43 9,613.60 9,393.92 7,781.69 7,306.72 7,101.40 6,774.59 6,769.92 6,745.75 6,806.65 6,685.75 6,675.75 6,151.94 6,200.50
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 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 2021-03-31 2020-12-31
   Selling, General and Administrative Expenses 8,050.52 5,562.12 2,448.07 -3,789.15 7,272.03 4,660.40 2,467.99 2,832.49 -3,469.61 6,724.57 4,709.06 2,501.12 -5,178.87 9,070.84 5,459.09 2,275.33 9,072.56 6,734.57
Operating Income 67,271.01 42,306.62 19,269.50 9,473.84 16,803.72 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Non-Operating Income -91,107.77 -55,211.08 -63,918.79 14,063.31 -64,840.30 -33,943.61 -17,784.35 -9,143.64 3,198.27 -15,364.98 -9,835.88 -86.97 3,409.57 -3,711.17 -2,190.39 -1,501.11 35,782.68 38,272.52
Interest Income 0 0 0 0 0 0 0 0 0 0 0 458.02 266.66 7.79 0 57.10 0 0
Interest Expense 13,011.43 9,563.17 5,495.42 7,274.10 8,535.74 4,928.90 2,018.76 808.94 -718.23 1,318.94 879.83 449.47 266.96 6.48 0.00 56.60 0.00 0.00
Net Interest -13,011.43 -9,563.17 -5,495.42 -7,274.10 -8,535.74 -4,928.90 -2,018.76 -808.94 260.21 -1,318.94 -879.83 8.55 -1.29 1.31 0.99 0.50 1.08 0.92
EBT -23,836.76 -12,904.46 -44,649.29 -28,190.80 -48,036.58 0 0 0 18,076.56 -29,325.79 -21,400.30 -7,091.77 6,787.93 -16,394.85 -9,447.25 -4,572.21 27,317.97 32,063.51
Income Tax 98.03 171.23 223.68 -635.43 718.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19.73 100.00 0.00 0.00 1,599.55 1,834.92
Equity Method Investments Income 79,179.64 49,646.22 66,960.10 14,955.38 27,689.97 -835.89 -140.25 -5,609.29 2,590.00 -14,400.00 -9,310.00 0 3,633.00 -3,706.00 -2,188.00 -1,445.00 -3,861.25 -1,371.25
Net Income 0 0 0 0 0 0 0 0 0 -29,325.79 -21,400.30 0 0 -16,275.12 -9,447.25 0 25,718.42 30,228.58
EBIT -10,825.33 -3,341.29 -39,153.86 -13,969.04 -39,500.84 0 0 0 17,358.33 -28,006.85 -20,520.47 -6,642.30 7,054.89 -16,388.37 -9,447.25 -4,515.61 27,317.97 32,063.51
Deprecation and Amortization 101.14 67.36 33.62 -47.36 88.25 53.99 27.00 26.00 -68.78 102.64 68.43 34.21 13.29 23.95 13.71 4.78 0.00 0.00
EBITDA -10,724.19 -3,273.93 -39,120.24 -13,935.41 -39,412.59 0 0 0 17,289.55 -27,904.21 -20,452.04 -6,608.09 7,068.18 -16,364.41 -9,433.54 -4,510.83 0 0
EPS -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
Diluted EPS -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
Average Shares Outstanding Basic 12,177.65 12,070.37 12,020.11 13,868.86 10,447.87 9,681.06 9,587.11 8,935.86 7,850.34 6,938.66 6,787.86 6,771.24 6,780.48 6,725.08 6,751.58 6,680.64 6,261.10 6,309.48
Average Shares Outstanding Diluted 12,177.65 12,070.37 12,020.11 13,868.86 10,447.87 9,681.06 9,587.11 8,935.86 7,526.20 7,243.35 6,807.32 6,771.24 6,762.03 6,743.53 6,751.58 6,680.64 6,261.10 6,309.48
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 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 2021-03-31 2020-12-31
Operating Cash Flow 60,201.00 36,936.39 28,558.65 1,329.35 10,639.08 -6,855.14 -4,414.30 -3,552.01 14,694.76 -13,572.57 -10,545.72 -5,255.05 2,284.33 -9,249.68 -5,427.42 -1,552.68 -6,399.78 -4,066.41
   Operating Net Income -24,032.82 -13,246.92 -45,096.65 140,530.70 -97,510.82 -78,085.98 -40,994.48 -26,298.45 -14,572.97 -29,325.79 -21,400.30 -14,183.54 -12,146.50 -16,275.12 -9,447.25 -9,144.43 25,718.42 30,228.58
   Deprecation and Amortization 101.14 67.36 33.62 -47.36 88.25 53.99 27.00 26.00 -68.78 102.64 68.43 34.21 13.29 23.95 13.71 4.78 0 0
   Deferred Income Tax 98.03 171.23 223.68 -90.51 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 2,117.26 1,291.70 532.62 -1,317.33 1,973.16 1,312.18 670.62 739.78 -1,661.25 2,206.24 1,598.42 787.87 -2,482.25 3,175.90 2,278.16 1,021.85 2,886.05 1,902.06
   Change in Working Capital 7,689.97 1,238.32 7,647.07 -10,063.02 9,482.10 440.88 -877.11 1,083.67 -45.24 -398.99 263.20 935.37 -2,274.42 1,781.61 978.72 410.94 651.11 1,555.60
   Other Operating Activities 74,227.43 47,414.69 65,218.30 -127,683.13 96,606.39 69,423.79 36,759.67 20,896.99 31,042.99 13,843.34 8,924.53 7,171.03 19,174.22 2,043.96 749.24 6,154.17 -35,655.35 -37,752.64
Investing Cash Flow -362.00 -159.87 0 42,490.14 -31,914.76 -27,247.17 -15,457.50 -27,036.99 2,590.00 -14,400.72 -9,310.00 0 14,217.37 -15,392.58 -7,581.32 -6,636.05 27,338.75 29,828.75
   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
   Net Purchase/Sale of PPE 12.00 9.87 0 -33.34 42.34 7.17 7.50 7.00 0 0 0 0 -0.03 43.99 0.01 0.01 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
   Net Purchase/Sale of Business 350.00 150.00 0 -42,456.80 31,872.41 27,240.00 15,450.00 27,030.00 4,130.00 28,800.72 9,310.00 0 -17,850.34 19,054.59 9,769.31 8,081.04 38,922.50 33,942.50
   Other Investing Activities -723.99 -319.74 0 84,980.29 -63,829.52 -54,494.33 -30,915.00 -54,073.99 -1,540.00 -43,201.44 -18,620.00 0 32,067.74 -34,491.15 -17,350.64 -14,717.10 -11,583.76 -4,113.76
Financing Cash Flow 26,928.12 -20,532.25 -13,660.36 -60,635.26 41,939.09 42,718.27 11,986.32 37,450.12 11,057.77 7,797.27 5,525.77 -30.43 19,961.71 -2,361.74 -112.87 -43.56 2,289.07 3,165.62
   Net Issuance/Repayment of Debt 154,900.00 133,900.00 95,500.00 -123,300.00 92,000.00 90,000.00 55,000.00 10,000.00 5,497.45 1,016.69 716.69 416.67 19,969.97 0 0 0 0 0
   Net Issuance/Repurchase of Equity 0 0 0 0 0 14,195.84 221.34 0 -6,622.00 7,909.50 5,598.50 0 0.00 -43.56 0 0 3,165.62 3,165.62
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -127,971.88 -154,432.25 -109,160.36 77,081.92 -50,060.91 -61,477.57 -43,235.02 27,450.12 12,182.31 -1,128.91 -789.42 -447.10 -8.26 -2,318.18 -112.87 -43.56 -876.55 0.00
Net Change in Cash 86,767.12 16,244.27 14,898.29 -16,815.77 20,663.42 8,615.96 -7,885.48 6,861.11 28,252.52 -20,176.01 -14,239.95 -5,285.47 36,463.41 -27,004.00 -13,121.61 -8,232.29 23,228.04 28,927.96
   Cash at Beginning of Period 20,315.52 20,315.52 20,315.52 37,131.29 15,737.39 15,737.39 15,737.39 11,877.19 -16,375.33 23,326.10 23,236.10 23,326.10 -13,137.31 35,220.59 35,220.59 35,220.59 3,011.92 3,011.92
   Cash at End of Period 107,082.65 36,559.79 35,213.82 20,315.52 36,400.81 24,353.35 7,851.91 18,738.31 11,877.19 3,150.09 8,996.15 18,040.63 23,326.10 8,216.59 22,098.98 26,988.30 26,239.96 31,939.88
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0