Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31
Price to Earnings -11.11 -0.78 -2.29
Price to Sales 2.47 0.31 0.82
Book Value Per Common Share 0.26 0.27 0.42
Price to Book 7.64 1.10 3.00
Price to Operating Cash Flow 98.52 -6.21 35.00
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 2022-12-31 2022-09-30
Price to Earnings -109.00 -52.50 -106.00 -1.35 -1.69 -3.25 -0.68 -3.57 -10.90
Price to Sales 2.35 2.54 7.36 0.28 0.44 1.26 0.31 1.02 4.72
Book Value Per Common Share 0.78 0.70 0.30 0.26 0.25 0.25 0.27 0.27 0.33 0.53 0.55 0.42 0.69
Price to Book 1.40 1.49 3.49 7.64 0.69 0.73 0.97 1.10 0.70 0.95 1.99 3.00
Price to Operating Cash Flow -73.65 -28.46 -34.30 6.34 13.10 650.50 -3.43 -12.25 -19.33
Price to Free Cash Flow
Enterprise Value to EBITDA 2052362.15

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31
Earning YoY
Revenue YoY -1.06 7.24
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 2022-12-31 2022-09-30
Earning YoY
Revenue YoY 56.91 120.23 50.79 101.65 52.39 125.55 -69.11
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31
Cash Per Common Share 0.22 0.04 0.17
Quick Ratio 1.78 1.09 1.27
Current Ratio 1.92 1.19 1.37
Debt to Equity 0.87 1.33 0.88
Long-Term Debt to Equity 0.39 0.71 0.44
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
Cash Per Common Share 0.20 0.24 0.16 0.16 0.05 0.04 0.04 0.04 0.03 0.07 0.05 0.11 0.08
Quick Ratio 3.96 3.42 2.78 1.78 0.99 1.04 1.11 1.09 0.55 1.08 1.12 1.27 1.18
Current Ratio 4.17 3.62 2.93 1.92 1.11 1.11 1.19 1.19 0.60 1.24 1.22 1.37 1.21
Debt to Equity 0.26 0.37 0.58 0.87 1.40 1.44 1.38 1.33 1.28 0.80 0.75 0.88 0.96
Long-Term Debt to Equity 0.07 0.15 0.28 0.39 0.70 0.74 0.73 0.71 0.07 0.40 0.34 0.44 0.44

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31
ROA -26.38 -59.12 -45.12
ROE -49.45 -137.47 -85.03
Gross Margin 40.81 41.28 41.71
Operating Margin -20.57 -38.29 -28.95
EBITDA Margin -15.61 -32.70 -24.13
Net Profit Margin -22.30 -39.34 -35.33
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
ROA -2.33 -3.43 -2.85 -25.09 -20.22 -13.49 -49.64 -16.15 -10.81 -27.73
ROE -2.93 -4.70 -4.48 -60.20 -49.33 -32.05 -113.36 -29.12 -18.89 -54.23
Gross Margin 37.48 37.43 39.05 41.05 40.20 39.84 41.25 41.27 40.63 41.87
Operating Margin -1.54 -4.72 -8.08 -19.37 -23.28 -33.03 -44.81 -29.90 -50.96 -21.78
EBITDA Margin 1.25 -1.80 -4.83 -14.37 -18.17 -27.76 -39.35 -24.59 -45.82 -17.05
Net Profit Margin -2.67 -5.81 -10.03 -21.00 -26.07 -36.27 -45.72 -28.65 -43.51 -28.93

Dividends

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

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31
Assets 37,837.43 30,107.28 33,043.01
   Current Assets 18,891.18 9,496.19 10,666.00
      Cash and Short-Term Investments 12,005.05 1,830.84 4,640.90
            Cash and Cash Equivalents 12,005.05 1,830.84 4,640.90
            Short-Term Investments 0 0 0
      Net Receivables 5,507.38 6,883.57 5,193.56
      Inventory 0 0 0
      Other Current Assets 1,378.75 781.79 831.54
   Non-Current Assets 18,946.26 20,611.08 22,377.01
      Property, Plant, Equipment Net 1,232.09 923.31 208.87
      Goodwill 23,455.71 23,535.85 15,533.96
      Intangible Assets 6,793.75 8,970.86 6,634.17
      Long-Term Investments 52.11 0 0
      Non-Current Deferred Assets 0 0 0
      Other Non-Current Assets -12,587.40 -12,818.94 0.00
Liabilities 17,655.41 17,158.59 15,511.09
   Current Liabilities 9,824.65 7,977.09 7,758.54
      Payables and Expenses 1,140.32 784.97 1,617.60
            Account Payables 0 0 0
            Current Accrued Liabilities 3,398.30 2,925.31 1,869.52
      Short-Term Debt 4,240.32 3,473.28 2,355.43
      Other Current Liabilities 4,444.01 3,718.85 3,785.52
   Non-Current Liabilities 7,830.76 9,181.50 7,752.55
      Long-Term Debt 7,780.76 8,435.20 6,353.12
      Other Non-Current Liabilities 50.00 746.29 1,399.43
Equity 20,182.03 12,948.69 17,531.92
   Shareholders Equity 20,182.03 12,948.69 17,531.92
      Capital Stock 8.37 5.43 4.83
      Share Premium 74,256.14 56,926.16 43,621.65
      Retained Earnings -54,082.48 -43,982.90 -26,094.57
      Treasury Shares 0 0 0
      Accumulated Other Comprehensive Income 0 0 0
   Minority Interest 0 0 0
Investments 52.11 0 0
Debt 12,171.08 12,308.48 9,707.98
Net Debt 166.03 10,477.64 5,067.08
Common Shares Outstanding 77,076.13 47,672.43 41,699.36
Preferred Shares Outstanding 0 6,645.00 6,645.00
Breakdown 2024-12-31 2023-12-31 2022-12-31
Revenues 44,764.85 45,243.81 42,190.64
Cost Of Revenue 26,498.44 26,568.49 24,593.33
Gross Profit 18,266.42 18,675.33 17,597.32
Operating Expenses 25,511.04 35,344.15 27,561.25
   Selling, General and Administrative Expenses 14,328.67 17,697.89 13,586.60
   Other Operating Expenses 11,182.37 17,646.27 13,974.65
Operating Income -7,244.63 -16,668.83 -9,963.94
Net Non-Operating Income -2,667.65 -2,388.47 -4,124.51
Interest Income -452.38 -1,516.65 -2,118.67
Interest Expense 706.05 1,732.27 1,874.14
Net Interest -1,158.43 -3,248.91 -3,992.81
EBT -9,912.27 -19,057.29 -14,088.44
Income Tax 68.03 1,257.12 819.60
Net Income -9,980.31 -17,800.18 -14,908.04
EBIT -9,206.22 -17,325.03 -12,214.30
Deprecation and Amortization 2,220.18 2,528.82 2,032.46
EBITDA -6,986.04 -14,796.22 -10,181.84
EPS -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00
Average Shares Outstanding Basic 55,287.66 47,177.95 27,468.23
Average Shares Outstanding Diluted 55,287.66 47,177.95 27,468.23
Breakdown 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow 1,120.11 -2,264.45 990.16
   Operating Net Income -9,980.31 -17,800.18 -14,908.04
   Deprecation and Amortization 2,220.18 2,528.82 2,032.46
   Deferred Income Tax 0 -1,480.17 610.03
   Share Based Compensation 5,426.98 7,495.76 8,796.64
   Change in Working Capital -297.14 118.45 224.81
   Other Operating Activities 3,750.38 6,872.87 4,234.26
Investing Cash Flow 221.36 -440.99 -339.28
   Capital Expenditure 0.00 0.00 0.00
   Net Purchase/Sale of PPE 3.32 18.27 89.28
   Net Purchase/Sale of Investments Net 0 0 0
   Net Purchase/Sale of Business 333.74 960.74 250.00
   Other Investing Activities -115.70 -1,419.99 -678.56
Financing Cash Flow 9,082.75 -104.62 1,972.10
   Net Issuance/Repayment of Debt 4,806.30 3,667.47 4,134.14
   Net Issuance/Repurchase of Equity 0 0 12.00
   Dividends Paid 119.28 118.15 100.52
   Other Financing Activities 4,157.17 -3,890.25 -2,274.55
Net Change in Cash 10,424.21 -2,810.05 2,622.98
   Cash at Beginning of Period 1,830.84 4,640.90 2,017.91
   Cash at End of Period 12,255.05 1,830.84 4,640.90
Free Cash Flow 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
Assets 46,252.62 43,445.61 41,106.50 37,837.43 28,844.66 29,468.44 30,472.07 30,107.28 31,454.10 39,774.61 39,978.18 33,043.01 33,552.21
   Current Assets 28,649.24 25,342.25 22,651.46 18,891.18 9,329.86 9,364.66 9,784.73 9,496.19 10,087.88 10,929.12 11,423.97 10,666.00 10,629.94
      Cash and Short-Term Investments 17,818.34 14,729.95 13,289.60 12,005.05 2,742.96 2,411.82 2,250.26 1,830.84 1,335.98 2,989.68 2,270.99 4,640.90 1,853.39
            Cash and Cash Equivalents 17,818.34 14,729.95 13,289.60 12,005.05 2,742.96 2,411.82 2,250.26 1,830.84 1,335.98 2,989.68 2,270.99 4,640.90 1,853.39
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 9,369.83 9,258.36 8,265.18 5,507.38 5,611.06 6,365.66 6,941.86 6,883.57 7,814.47 6,607.78 8,246.05 5,193.56 8,465.98
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 1,461.07 1,353.94 1,096.68 1,378.75 975.84 587.17 592.61 781.79 937.43 1,331.66 906.93 831.54 310.57
   Non-Current Assets 17,603.38 18,103.36 18,455.05 18,946.26 19,514.79 20,103.79 20,687.34 20,611.08 21,366.23 28,845.49 28,554.21 22,377.01 22,922.27
      Property, Plant, Equipment Net 1,120.42 1,173.00 1,169.14 1,232.09 1,341.43 1,447.42 1,556.30 923.31 1,056.87 1,225.09 337.24 208.87 256.44
      Goodwill 10,676.83 10,676.83 10,676.83 23,455.71 10,676.83 10,716.91 23,535.85 23,535.85 23,535.85 36,647.76 17,356.43 15,533.96 15,533.96
      Intangible Assets 5,727.14 6,082.68 6,438.21 6,793.75 7,252.95 7,884.92 8,414.14 8,970.86 9,592.45 10,226.49 10,860.53 6,634.17 7,131.86
      Long-Term Investments 52.36 52.11 52.11 52.11 52.11 54.53 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 26.63 118.75 118.75 -12,587.40 191.47 0.00 -12,818.94 -12,818.94 -12,818.94 -19,253.85 0.00 0.00 0.00
Liabilities 9,523.81 11,673.11 15,009.77 17,655.41 16,819.59 17,389.12 17,643.96 17,158.59 17,679.84 17,722.46 17,087.93 15,511.09 16,393.31
   Current Liabilities 6,863.93 7,004.75 7,744.06 9,824.65 8,401.70 8,429.45 8,250.41 7,977.09 16,755.49 8,846.78 9,386.24 7,758.54 8,767.72
      Payables and Expenses 2,375.11 2,286.33 1,505.60 1,140.32 1,004.21 1,020.64 845.30 784.97 991.39 1,076.90 1,715.78 1,617.60 1,644.84
            Account Payables 0 0 0 0 0 0 0 0 0 0 16.39 0 27.52
            Current Accrued Liabilities 3,340.62 3,423.39 3,286.41 3,398.30 3,598.83 3,509.50 3,363.59 2,925.31 3,172.18 3,041.35 2,900.70 1,869.52 2,106.25
      Short-Term Debt 960.20 1,149.02 2,407.35 4,240.32 3,595.95 3,654.59 4,015.50 3,473.28 10,955.13 2,839.10 2,579.20 2,355.43 2,308.04
      Other Current Liabilities 3,528.62 3,569.39 3,831.12 4,444.01 3,801.54 3,754.22 3,389.61 3,718.85 4,808.98 4,930.79 5,091.26 3,785.52 4,814.84
   Non-Current Liabilities 2,659.88 4,668.37 7,265.71 7,830.76 8,417.89 8,959.67 9,393.55 9,181.50 924.35 8,875.68 7,701.69 7,752.55 7,625.59
      Long-Term Debt 2,609.88 4,668.37 7,305.71 7,780.76 8,277.89 8,773.38 9,267.26 8,435.20 524.35 6,869.66 6,002.51 6,353.12 6,528.76
      Other Non-Current Liabilities 50.00 0.00 -40.00 50.00 140.00 186.29 126.29 746.29 400.00 2,006.02 1,699.17 1,399.43 1,096.83
Equity 36,728.81 31,772.50 26,096.73 20,182.03 12,025.06 12,079.32 12,828.11 12,948.69 13,774.27 22,052.15 22,890.25 17,531.92 17,158.90
   Shareholders Equity 73,732.12 63,819.50 26,096.73 20,182.03 12,025.06 12,079.32 12,828.11 12,948.69 13,774.27 22,052.15 22,890.25 17,531.92 17,158.90
      Capital Stock 10.11 9.73 9.25 8.37 6.28 5.97 5.97 5.43 5.42 5.40 5.39 4.83 3.45
      Share Premium 91,958.57 87,391.22 81,367.00 74,256.14 63,329.70 62,074.35 60,946.59 56,926.16 55,536.29 54,623.29 53,333.14 43,621.65 37,546.79
      Retained Earnings -55,239.86 -55,628.44 -55,279.51 -54,082.48 -51,310.91 -50,001.00 -48,124.44 -43,982.90 -41,767.45 -32,576.55 -30,448.28 -26,094.57 -20,391.34
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 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
Investments 52.36 52.11 52.11 52.11 52.11 54.53 0 0 0 0 0 0 0
Debt 3,620.08 5,817.39 9,713.05 12,171.08 12,173.84 12,827.97 13,682.76 12,308.48 11,479.47 11,314.77 9,880.89 9,707.98 9,533.63
Net Debt 0 0 0 166.03 9,430.88 10,416.14 11,432.50 10,477.64 10,143.50 8,325.10 7,609.90 5,067.08 7,680.24
Common Shares Outstanding 94,612.75 90,814.08 86,036.87 77,076.13 47,672.43 47,672.43 47,672.43 47,672.43 41,699.36 41,699.36 41,699.36 41,699.36 24,788.13
Preferred Shares Outstanding 0 0 0 0 0 0 0 6,645.00 0 0 0 6,645.00 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 2022-09-30
Revenues 40,308.14 25,688.46 11,664.36 -23,893.77 34,466.13 22,857.44 11,335.05 -21,259.99 34,153.98 22,412.81 9,937.01 32,166.10
Cost Of Revenue 25,202.51 16,073.39 7,109.75 -14,308.85 20,318.85 13,668.81 6,819.63 -12,560.86 20,066.90 13,163.22 5,899.23 18,698.82
Gross Profit 15,105.63 9,615.06 4,554.62 -9,584.92 14,147.28 9,188.63 4,515.42 -8,699.13 14,087.08 9,249.60 4,037.78 13,467.28
Operating Expenses 16,529.88 11,484.59 6,040.62 -14,877.47 19,771.81 13,430.06 7,186.64 -18,399.40 29,223.66 15,812.80 8,707.09 19,122.73
   Selling, General and Administrative Expenses 8,248.17 5,872.09 3,142.16 -8,824.65 11,155.14 7,758.85 4,239.33 -12,670.30 14,030.82 10,290.84 6,046.53 9,633.06
   Other Operating Expenses 8,281.71 5,612.51 2,898.47 -6,052.82 8,616.67 5,671.21 2,947.31 -5,729.09 15,192.84 5,521.96 2,660.56 9,489.67
Operating Income -1,424.25 -1,869.53 -1,486.01 5,292.55 -5,624.52 -4,241.43 -2,671.22 9,700.27 -15,136.58 -6,563.20 -4,669.31 -5,655.44
Net Non-Operating Income 452.72 375.88 390.24 1,718.75 -1,617.12 -1,462.64 -1,306.64 1,202.61 -1,613.78 -1,097.56 -879.73 -2,676.61
Interest Income 267.22 138.80 43.04 587.99 -385.46 -358.23 -296.68 551.01 -1,039.72 -682.65 -345.28 -1,254.03
Interest Expense 349.51 279.92 153.81 -476.86 565.44 383.97 233.51 -1,155.74 1,444.54 958.46 485.00 1,325.88
Net Interest -82.28 -141.12 -110.76 1,064.86 -950.90 -742.19 -530.19 1,706.74 -2,484.26 -1,641.12 -830.28 -2,579.91
EBT -971.53 -1,493.65 -1,095.77 7,011.30 -7,241.64 -5,704.07 -3,977.86 10,902.87 -16,750.36 -7,660.76 -5,549.04 -8,332.06
Income Tax 105.22 1.50 74.28 -3,714.53 1,203.09 945.61 1,633.86 -3,588.17 1,136.35 1,238.93 2,470.02 902.82
Net Income Including Non-Controlling Interests 0 0 0 0 0 0 0 0 0 0 0 -9,234.88
Net Income Non-Controlling Interests 0 0 0 0 0 0 0 0 0 0 0 -70.45
Net Income -1,076.75 -1,492.15 -1,170.05 7,328.42 -7,238.55 -5,958.46 -4,111.72 8,559.07 -15,614.02 -6,421.83 -4,323.39 -9,305.32
EBIT -622.03 -1,213.73 -941.96 6,534.43 -6,676.20 -5,320.10 -3,744.35 9,747.14 -15,305.82 -6,702.30 -5,064.04 -7,006.17
Deprecation and Amortization 1,124.50 750.21 378.19 -1,268.38 1,723.55 1,167.03 597.99 -1,038.57 1,865.84 1,190.97 510.57 1,520.33
EBITDA 502.48 -463.52 -563.78 5,266.05 -4,952.65 -4,153.07 -3,146.37 8,708.57 -13,439.99 -5,511.33 -4,553.47 -5,485.84
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
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
Average Shares Outstanding Basic 87,053.05 62,020.66 80,953.37 57,055.57 54,845.61 54,456.45 54,793.00 53,240.87 46,673.96 45,731.84 43,065.13 23,621.55
Average Shares Outstanding Diluted 87,053.05 62,020.66 80,953.37 57,055.57 54,845.61 54,456.45 54,793.00 53,240.87 46,673.96 45,731.84 43,065.13 23,621.55
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
Operating Cash Flow -1,286.70 -2,288.42 -2,502.64 -1,190.51 1,514.54 772.35 23.73 5,163.89 -3,135.42 -1,865.05 -2,427.86 -554.65
   Operating Net Income -1,076.75 -1,492.15 -1,170.05 7,328.42 -7,238.55 -5,958.46 -4,111.72 8,559.07 -15,614.02 -6,421.83 -4,323.39 -9,234.88
   Deprecation and Amortization 1,124.50 750.21 378.19 -1,268.38 1,723.55 1,167.03 597.99 -1,038.57 1,865.84 1,190.97 510.57 1,520.33
   Deferred Income Tax 0 0 0 0 -6.29 0 0 2,340.34 -1,486.46 -1,089.68 -1,244.37 610.03
   Share Based Compensation 2,103.34 1,819.23 1,179.21 -3,350.75 4,184.93 2,932.36 1,660.45 -7,276.27 6,112.18 4,938.02 3,721.83 4,906.15
   Change in Working Capital 4,909.75 4,909.44 2,818.84 -807.20 -68.13 126.39 451.80 -3,463.19 1,428.26 85.91 2,067.47 3,497.66
   Other Operating Activities -8,347.55 -8,275.15 -5,708.83 -3,098.89 2,919.02 2,505.02 1,425.22 6,042.51 4,558.78 -568.45 -3,159.97 -1,853.94
Investing Cash Flow -74.71 -92.79 4.43 224.22 51.67 -54.53 0 857.72 -443.24 -427.73 -427.73 -342.44
   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
   Net Purchase/Sale of PPE 141.92 97.23 0 0.00 3.32 0 0 -43.31 20.53 20.53 20.53 92.44
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 67.71 4.43 4.43 115.15 164.06 54.53 0 -1,890.47 960.74 945.23 945.23 250.00
   Other Investing Activities -284.35 -194.45 0.00 109.07 -115.70 -109.07 0 2,791.50 -1,424.51 -1,393.49 -1,393.49 -684.87
Financing Cash Flow 6,924.70 4,856.11 3,532.76 9,477.97 -654.09 -136.83 395.69 -1,505.62 273.74 641.57 485.69 732.56
   Net Issuance/Repayment of Debt 7,999.94 5,999.94 2,299.94 -6,135.04 4,021.17 3,683.50 3,236.67 -5,616.91 4,111.80 3,433.59 1,738.99 3,713.99
   Net Issuance/Repurchase of Equity 26.50 0 0 0 0 0 0 0 0 0 0 12.00
   Dividends Paid 80.62 53.80 26.98 -59.64 89.46 59.64 29.82 -61.16 88.86 60.14 30.32 70.45
   Other Financing Activities -1,182.37 -1,197.63 1,205.83 15,672.65 -4,764.72 -3,879.96 -2,870.80 4,172.46 -3,926.92 -2,852.16 -1,283.62 -3,063.89
Net Change in Cash 5,563.29 2,474.90 1,034.55 8,511.68 912.12 580.98 419.42 4,515.99 -3,304.92 -1,651.22 -2,369.91 -164.53
   Cash at Beginning of Period 12,255.05 12,255.05 12,255.05 3,743.37 1,830.84 1,830.84 1,830.84 -2,685.15 4,640.90 4,640.90 4,640.90 2,017.91
   Cash at End of Period 17,818.34 14,729.95 13,289.60 12,255.05 2,742.96 2,411.82 2,250.26 1,830.84 1,335.98 2,989.68 2,270.99 1,853.39
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0