Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -0.20
Price to Sales
Book Value Per Common Share -15.20 0.20 0.40 1.74
Price to Book -0.16
Price to Operating Cash Flow -0.29
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 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Price to Earnings -0.43 -0.50 -0.59
Price to Sales
Book Value Per Common Share 3.17 3.60 3.71 -15.20 0.86 0.11 0.14 0.20 0.25 0.26 0.33 0.40 0.50 1.74 2.27 2.74 3.25
Price to Book 2.43 1.33 1.35 -0.16
Price to Operating Cash Flow -1.13 -0.92 -1.54
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
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 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY 108.28

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 14.45 0.18 0.64 1.68
Quick Ratio
Current Ratio 5.21 11.62 8.02 12.37
Debt to Equity 0.47 0.09 0.14 0.09
Long-Term Debt to Equity 0.42 0.00 0.00 0.00
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 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Cash Per Common Share 5.75 7.97 12.17 11.15 2.19 0.14 0.12 0.17 0.26 0.25 0.29 0.38 1.14 1.68 2.30 2.62 2.95
Quick Ratio
Current Ratio 4.49 7.80 7.43 5.21 1.71 7.27 5.66 11.62 10.77 10.02 11.87 8.02 6.65 12.37 16.39 26.22 24.22
Debt to Equity 0.19 0.17 0.17 0.47 1.40 0.16 0.21 0.09 0.10 0.11 0.09 0.14 0.18 0.09 0.07 0.04 0.04
Long-Term Debt to Equity 0.16 0.15 0.14 0.42 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

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -13.10 -127.14 -146.33 -101.16
ROE -19.21 -139.12 -167.17 -110.06
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 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2021-12-31 2021-09-30 2021-06-30 2021-03-31
ROA 32.92 15.04 -11.07 -202.42 -64.39 -40.05 -79.88 -56.75 -23.26 -93.97 -56.94 -30.88 -10.81
ROE 39.14 17.62 -12.97 -486.80 -74.66 -48.65 -88.05 -63.04 -25.40 -110.61 -60.64 -32.11 -11.27
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

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 2022-12-31 2022-09-30 2021-12-31 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 94,308.25 4,165.44 8,369.76 15,776.69
   Current Assets 16,544.46 4,165.44 8,369.76 15,776.69
      Cash and Short-Term Investments 14,847.95 3,316.95 7,030.99 14,008.18
            Cash and Cash Equivalents 14,847.95 3,316.95 7,030.99 14,008.18
            Short-Term Investments 0 0 0 0
      Net Receivables 0 0 0 0
      Inventory 0 0 0 0
      Other Current Assets 1,696.51 848.50 1,338.76 1,768.50
   Non-Current Assets 77,763.78 0.00 0.00 0.00
      Property, Plant, Equipment Net 222.65 0 0 0
      Goodwill 23,624.91 0 0 0
      Intangible Assets 65,710.53 0 0 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets -11,794.30 0 0 0
Liabilities 30,027.22 358.55 1,043.26 1,275.62
   Current Liabilities 3,176.34 358.55 1,043.26 1,275.62
      Payables and Expenses 3,147.90 358.55 1,043.26 1,275.62
            Account Payables 1,253.07 111.91 573.16 353.86
            Current Accrued Liabilities 1,894.84 246.63 470.10 921.76
      Short-Term Debt 49.70 0 0 0
      Other Current Liabilities -21.26 0.00 0.00 0.00
   Non-Current Liabilities 26,850.89 0.00 0.00 0.00
      Long-Term Debt 154.88 0 0 0
      Other Non-Current Liabilities 26,696.00 0 0 0
Equity 64,281.02 3,806.89 7,326.49 14,501.06
   Shareholders Equity -20,248.68 3,806.89 7,326.49 14,501.06
      Capital Stock 0.13 1.93 1.83 0.83
      Share Premium 67,856.59 65,573.30 63,497.87 58,425.60
      Retained Earnings -73,818.95 -61,469.22 -56,173.21 -43,925.37
      Treasury Shares 299.13 299.11 0 0
      Accumulated Other Comprehensive Income -3,862.99 0 0 0
   Minority Interest 0 0 0 0
Debt 204.58 0 0 0
Common Shares Outstanding 1,332.18 19,257.94 18,330.39 8,330.39
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Expenses 12,227.25 5,446.92 12,315.31 15,640.94
   Selling, General and Administrative Expenses 8,696.33 3,718.84 4,245.68 4,845.25
   Research and Development Expenses 3,530.91 1,728.08 8,069.63 10,795.69
   Other Operating Expenses 0.00 0.00 0.00 0.00
Operating Income -12,227.25 -5,446.92 -12,315.31 -15,640.94
Net Non-Operating Income -122.98 150.90 67.47 -319.33
Interest Expense 92.19 0.00 0.00 0.00
Net Interest -92.19 150.90 67.47 5.67
EBT -12,350.23 -5,296.02 -12,247.83 -15,960.27
Income Tax 0.50 0.00 0.00 0.00
Net Income -12,349.72 -5,296.02 -12,247.83 -15,960.27
EBIT -12,258.03 -5,296.02 -12,247.83 -15,960.27
Deprecation and Amortization 12.18 0.00 0.00 0.00
EBITDA -12,245.86 0 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 1,027.79 18,776.79 11,070.12 8,329.31
Average Shares Outstanding Diluted 1,027.79 18,776.79 11,070.12 8,329.31
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -8,790.81 -4,870.49 -11,467.80 -15,689.58
   Operating Net Income -12,349.72 -5,296.02 -12,247.83 -15,960.27
   Deprecation and Amortization 12.18 0 0 0
   Deferred Income Tax -0.50 0 0 0
   Share Based Compensation 476.02 619.97 582.66 322.88
   Change in Working Capital 718.61 -1,174.98 -662.10 130.09
   Other Operating Activities 2,352.62 980.54 859.48 -182.28
Investing Cash Flow 3,761.94 0 0 0
   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 0 0 0
   Net Purchase/Sale of Business 3,761.94 0 0 0
   Other Investing Activities 0.00 0 0 0
Financing Cash Flow 16,704.46 1,156.44 4,490.60 -97.60
   Net Issuance/Repayment of Debt 15,322.65 0 0 0
   Net Issuance/Repurchase of Equity 0 1,156.44 4,490.60 -97.60
   Dividends Paid 0 0 0 0
   Other Financing Activities 1,381.82 0.00 0.00 0.00
Net Change in Cash 11,675.59 -3,714.05 -6,977.19 -15,787.18
   Cash at Beginning of Period 3,172.35 7,030.99 14,008.18 29,795.37
   Cash at End of Period 14,847.95 3,316.95 7,030.99 14,008.18
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 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Assets 91,992.61 96,692.53 96,984.69 94,308.25 2,283.25 3,635.89 3,224.61 4,165.44 5,248.90 5,212.12 6,520.62 8,369.76 10,857.98 15,776.69 20,107.24 23,764.78 28,274.54
   Current Assets 11,655.38 14,704.29 19,163.77 16,544.46 2,283.25 3,635.89 3,224.61 4,165.44 5,248.90 5,212.12 6,520.62 8,369.76 10,857.98 15,776.69 20,107.24 23,764.78 28,274.54
      Cash and Short-Term Investments 10,126.71 13,402.81 17,539.00 14,847.95 2,039.82 3,020.18 2,379.53 3,316.95 4,786.12 4,590.13 5,332.54 7,030.99 9,788.40 14,008.18 19,186.32 21,835.09 24,585.56
            Cash and Cash Equivalents 10,126.71 13,402.81 17,539.00 14,847.95 2,039.82 3,020.18 2,379.53 3,316.95 4,786.12 4,590.13 5,332.54 7,030.99 9,788.40 14,008.18 19,186.32 21,835.09 24,585.56
            Short-Term Investments 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
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 1,528.67 1,301.48 1,624.77 1,696.51 243.43 615.71 845.08 848.50 462.79 621.99 1,188.08 1,338.76 1,069.58 1,768.50 920.91 1,929.69 3,688.98
   Non-Current Assets 80,337.24 81,988.23 77,820.92 77,763.78 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
      Property, Plant, Equipment Net 189.30 207.14 209.66 222.65 0 0 0 0 0 0 0 0 0 0 0 0 0
      Goodwill 12,209.59 12,458.38 11,823.16 23,624.91 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 67,919.60 69,303.58 65,769.95 65,710.53 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
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 18.74 19.12 18.15 -11,794.30 0 0 0 0 0 0 0 0 0 0 0 0 0
Liabilities 14,607.50 14,151.90 14,235.73 30,027.22 1,333.82 500.08 570.08 358.55 487.14 520.03 549.29 1,043.26 1,633.14 1,275.62 1,226.79 906.26 1,167.29
   Current Liabilities 2,596.81 1,885.19 2,579.82 3,176.34 1,333.82 500.08 570.08 358.55 487.14 520.03 549.29 1,043.26 1,633.14 1,275.62 1,226.79 906.26 1,167.29
      Payables and Expenses 2,556.69 1,857.18 2,548.01 3,147.90 1,339.22 500.08 570.08 358.55 489.34 520.03 549.29 1,043.26 1,633.14 1,275.62 1,226.79 906.26 1,167.29
            Account Payables 599.05 524.61 1,172.55 1,253.07 460.36 217.76 196.76 111.91 207.56 214.31 135.09 573.16 679.42 353.86 483.50 262.59 614.66
            Current Accrued Liabilities 1,957.64 1,332.57 1,375.46 1,894.84 878.86 282.31 373.32 246.63 281.77 305.73 414.20 470.10 953.73 921.76 743.29 643.67 552.63
      Short-Term Debt 54.57 54.50 50.72 49.70 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities -14.45 -26.49 -18.91 -21.26 -5.40 0.00 0.00 0.00 -2.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Non-Current Liabilities 12,010.69 12,266.72 11,655.91 26,850.89 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
      Long-Term Debt 120.21 132.49 140.53 154.88 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Liabilities 11,890.48 12,134.22 11,515.38 26,696.00 0 0 0 0 0 0 0 0 0 0 0 0 0
Equity 77,385.11 82,540.62 82,748.96 64,281.02 949.43 3,135.81 2,654.53 3,806.89 4,761.76 4,692.09 5,971.33 7,326.49 9,224.83 14,501.06 18,880.45 22,858.53 27,107.24
   Shareholders Equity 7,258.15 6,878.60 7,086.93 -20,248.68 949.43 3,135.81 2,654.53 3,806.89 4,761.76 4,692.09 5,971.33 7,326.49 9,224.83 14,501.06 18,880.45 22,858.53 27,107.24
      Capital Stock 40,330.60 24,994.65 24,994.65 0.13 0.11 2.78 1.93 1.93 1.93 1.86 1.83 1.83 1.83 0.83 0.83 0.83 0.83
      Share Premium 73,158.69 71,001.62 70,937.14 67,856.59 67,339.52 67,242.54 65,712.27 65,573.30 65,424.99 64,113.44 63,659.57 63,497.87 63,351.65 58,425.60 58,293.70 58,161.79 58,127.55
      Retained Earnings -104,295.87 -88,551.25 -84,743.90 -73,818.95 -66,091.07 -63,810.39 -62,760.56 -61,469.22 -60,366.05 -59,130.97 -57,690.07 -56,173.21 -54,128.65 -43,925.37 -39,414.08 -35,304.10 -31,021.14
      Treasury Shares 299.13 299.13 299.13 299.13 299.13 299.11 299.11 299.11 299.11 292.24 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -1,636.13 -267.29 -3,801.83 -3,862.99 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
Debt 174.78 186.99 191.24 204.58 0 0 0 0 0 0 0 0 0 0 0 0 0
Common Shares Outstanding 2,293.16 1,911.13 1,911.13 1,332.18 1,110.32 27,757.94 19,257.94 19,257.94 19,257.94 18,330.39 18,330.39 18,330.39 18,330.39 8,330.39 8,330.39 8,330.39 8,330.39
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 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Operating Expenses 24,162.17 8,353.04 4,429.93 3,844.12 4,685.10 2,383.93 1,314.10 -3,453.66 4,308.79 3,034.50 1,557.29 10,225.59 -6,211.77 11,453.38 7,341.89 3,057.43
   Selling, General and Administrative Expenses 4,633.88 3,346.10 1,992.93 2,551.69 3,470.13 1,704.12 970.38 -2,198.72 2,879.04 1,978.95 1,059.57 3,427.68 -2,507.06 3,576.10 2,425.73 1,350.48
   Research and Development Expenses 19,528.28 5,006.94 2,437.00 1,292.43 1,214.96 679.80 343.72 -1,254.95 1,429.76 1,055.56 497.71 6,797.91 -3,704.71 7,877.28 4,916.16 1,706.96
   Other Operating Expenses 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
Operating Income -24,162.17 -8,353.04 -4,429.93 -3,844.12 -4,685.10 -2,383.93 -1,314.10 3,453.66 -4,308.79 -3,034.50 -1,557.29 -10,225.59 6,211.77 -11,453.38 -7,341.89 -3,057.43
Net Non-Operating Income -6,125.50 -6,188.57 -6,304.48 -251.75 63.24 42.76 22.77 -82.21 115.95 76.74 40.42 22.32 -328.03 4.41 2.90 1.40
Interest Expense 0.00 35.71 147.09 92.19 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 Interest 44.87 -35.71 -147.09 -220.96 63.24 42.76 22.77 -82.21 115.95 76.74 40.42 22.32 -3.03 4.41 2.90 1.40
EBT -30,287.67 -14,541.61 -10,734.41 -4,095.87 -4,621.85 -2,341.17 -1,291.34 3,371.46 -4,192.84 -2,957.77 -1,516.86 -10,203.28 5,883.74 -11,448.98 -7,338.99 -3,056.03
Income Tax 0.00 0.00 0.00 0.50 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 Income 30,287.67 14,541.61 -10,734.41 -4,095.37 -4,621.85 -2,341.17 -1,291.34 3,371.46 -4,192.84 -2,957.77 -1,516.86 -10,203.28 5,883.74 -11,448.98 -7,338.99 -3,056.03
EBIT -30,287.67 -14,505.90 -10,587.32 -4,003.68 -4,621.85 -2,341.17 -1,291.34 3,371.46 -4,192.84 -2,957.77 -1,516.86 -10,203.28 5,883.74 -11,448.98 -7,338.99 -3,056.03
Deprecation and Amortization 51.62 34.28 17.02 12.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBITDA -30,236.05 -14,471.62 -10,570.30 -12,245.86 0 0 0 0 0 0 0 0 0 0 0 0
EPS -0.02 -0.01 -0.01 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 -0.02 -0.01 -0.01 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 1,761.24 1,680.83 1,441.54 -37,159.02 932.87 21,079.37 19,257.94 19,791.01 18,614.65 18,371.12 18,330.39 8,623.43 8,329.31 0 0 0
Average Shares Outstanding Diluted 1,761.24 1,680.83 1,441.54 -37,159.02 932.87 21,079.37 19,257.94 19,791.01 18,614.65 18,371.12 18,330.39 8,623.43 8,329.31 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 2022-09-30 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Operating Cash Flow -11,981.46 -8,708.67 -4,682.55 -3,444.93 -2,659.30 -1,749.16 -937.41 2,670.14 -3,401.32 -2,440.86 -1,698.45 -8,796.39 7,796.73 -10,511.44 -7,862.67 -5,112.20
   Operating Net Income -30,476.92 -14,732.31 -10,924.95 -4,095.37 -4,621.85 -2,341.17 -1,291.34 3,371.46 -4,192.84 -2,957.77 -1,516.86 -10,203.28 5,883.74 -11,448.98 -7,338.99 -3,056.03
   Deprecation and Amortization 51.62 34.28 17.02 12.18 0 0 0 0 0 0 0 0 0 0 0 0
   Deferred Income Tax 189.25 190.69 190.54 -0.50 0 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 197.78 149.50 84.47 -333.08 382.22 287.92 138.97 -336.75 471.67 323.36 161.70 433.13 48.01 190.97 59.07 24.82
   Change in Working Capital -820.45 -1,134.83 -203.28 301.77 370.20 -161.49 208.12 2,141.78 -1,432.09 -1,240.00 -644.66 -424.08 -967.71 -766.34 -78.09 1,942.23
   Other Operating Activities 18,877.25 6,784.00 6,153.65 670.07 1,210.13 465.58 6.83 -2,506.34 1,751.95 1,433.55 301.38 1,397.85 2,832.69 1,512.91 -504.65 -4,023.22
Investing Cash Flow 0 0 0 3,761.94 0 0 0 0 0 0 0 0 0 0 0 0
   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
   Net Purchase/Sale of PPE 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 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 3,761.94 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0
Financing Cash Flow 7,252.24 7,252.24 7,372.38 13,869.90 1,382.17 1,452.40 0 0.00 1,156.44 0 0 4,576.60 195.21 -97.60 -97.60 -97.60
   Net Issuance/Repayment of Debt 3,000.00 3,000.00 3,000.00 15,322.65 0 0 0 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 0 0 0 0 0 1,452.40 0 0.00 1,156.44 0 0 4,576.60 -690.29 197.56 197.56 197.56
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities 4,252.24 4,252.24 4,372.38 -0.35 1,382.17 0.00 0 0.00 0.00 0 0 0.00 885.50 -295.17 -295.17 -295.17
Net Change in Cash -4,729.22 -1,456.43 2,689.82 14,186.90 -1,277.13 -296.76 -937.41 2,670.14 -2,244.88 -2,440.86 -1,698.45 -4,219.79 7,991.94 -10,609.04 -7,960.27 -5,209.81
   Cash at Beginning of Period 14,855.93 14,859.24 14,849.18 661.05 3,316.95 3,316.95 3,316.95 646.80 7,030.99 7,030.99 7,030.99 14,008.18 6,016.24 29,795.37 29,795.37 29,795.37
   Cash at End of Period 10,126.71 13,402.81 17,539.00 14,847.95 2,039.82 3,020.18 2,379.53 3,316.95 4,786.12 4,590.13 5,332.54 9,788.40 14,008.18 19,186.32 21,835.09 24,585.56
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0