Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31
Price to Earnings -4.52 -1.50 -1.20
Price to Sales
Book Value Per Common Share 3.22 1.90 3.97
Price to Book 2.16 1.93 0.55
Price to Operating Cash Flow -6.20 -2.23 -1.35
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 2022-06-30
Price to Earnings -7.56 -8.32 -21.67 -5.08 -7.14 -8.25 -1.69 -2.53 -4.88 -1.92 -120.02
Price to Sales
Book Value Per Common Share 1.70 2.45 2.95 3.22 3.21 2.80 2.76 1.90 2.39 2.73 3.40 3.97 4.09 0.29
Price to Book 6.93 2.65 1.98 2.16 1.77 2.57 3.41 1.93 1.31 1.31 0.93 0.55 0.86 32.90
Price to Operating Cash Flow -11.37 -9.37 -16.92 -6.98 -11.80 -27.10 -2.77 -5.04 -9.05 -2.68 -145.04
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31
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 2022-06-30
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31
Cash Per Common Share 3.89 2.55 4.61
Quick Ratio
Current Ratio 7.25 3.22 8.16
Debt to Equity 0.25 0.59 0.13
Long-Term Debt to Equity 0.09 0.18 0.01
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
Cash Per Common Share 2.45 2.15 2.50 3.65 4.48 4.06 5.27 2.43 3.03 3.05 3.40 3.74 5.41 0.25
Quick Ratio
Current Ratio 3.30 4.98 7.27 7.25 9.00 5.92 3.91 3.22 3.85 3.41 5.50 8.16 6.01 13.86
Debt to Equity 0.81 0.43 0.24 0.25 0.22 0.33 0.41 0.59 0.47 0.34 0.19 0.13 0.18 0.08
Long-Term Debt to Equity 0.31 0.23 0.10 0.09 0.09 0.12 0.07 0.18 0.15 0.01 0.01 0.01 0.01 0.02

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31
ROA -35.97 -76.87 -33.41
ROE -45.01 -122.52 -37.63
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 2022-06-30
ROA -56.29 -24.93 -8.48 -23.12 -22.47 -19.74 -50.77 -37.97 -15.96 -28.68 -26.37
ROE -102.11 -35.65 -10.48 -28.20 -29.82 -27.75 -74.88 -50.91 -19.04 -33.79 -28.44
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

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 2022-06-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 302,151.00 124,541.00 169,993.00 164,002.00
   Current Assets 281,620.00 103,872.00 146,055.00 137,215.00
      Cash and Short-Term Investments 273,741.00 99,704.00 142,142.00 133,539.00
            Cash and Cash Equivalents 273,741.00 99,704.00 142,142.00 133,539.00
            Short-Term Investments 0 0 0 0
      Net Receivables 0 0 0 0
      Inventory 0 0 0 0
      Other Current Assets 7,879.00 4,168.00 3,913.00 3,676.00
   Non-Current Assets 20,531.00 20,669.00 23,938.00 26,787.00
      Property, Plant, Equipment Net 0 0 0 0
      Goodwill 19,918.00 19,918.00 19,918.00 19,918.00
      Intangible Assets 9,485.00 527.00 3,689.00 6,869.00
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets -8,872.00 224.00 331.00 0.00
Liabilities 60,703.00 46,407.00 19,076.00 12,338.00
   Current Liabilities 38,849.00 32,246.00 17,892.00 10,408.00
      Payables and Expenses 15,939.00 16,170.00 8,088.00 10,908.00
            Account Payables 2,010.00 4,136.00 2,111.00 4,178.00
            Current Accrued Liabilities 13,929.00 12,034.00 5,977.00 6,730.00
      Short-Term Debt 0 0 0 0
      Other Current Liabilities 22,910.00 16,076.00 9,804.00 -500.00
   Non-Current Liabilities 21,854.00 14,161.00 1,184.00 1,930.00
      Long-Term Debt 21,854.00 14,129.00 0 0
      Other Non-Current Liabilities 0.00 32.00 0 0
Equity 241,448.00 78,134.00 150,917.00 151,664.00
   Shareholders Equity 241,448.00 78,134.00 150,917.00 151,664.00
      Capital Stock 0 0 0 0
      Share Premium 639,508.00 367,991.00 344,758.00 288,290.00
      Retained Earnings -398,879.00 -290,200.00 -194,468.00 -137,672.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 819.00 343.00 627.00 1,046.00
   Minority Interest 0 0 0 0
Debt 21,854.00 14,129.00 0 0
Common Shares Outstanding 75,100.76 41,101.30 37,979.14 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Expenses 103,916.00 93,866.00 66,331.00 93,854.00
   Selling, General and Administrative Expenses 38,619.00 41,742.00 30,162.00 59,065.00
   Research and Development Expenses 65,297.00 52,124.00 36,169.00 34,789.00
   Other Operating Expenses 0.00 0.00 0.00 0.00
Operating Income -103,916.00 -93,866.00 -66,331.00 -93,854.00
Net Non-Operating Income -4,763.00 -1,866.00 9,535.00 -339.00
Interest Income 0 5,364.00 0 0
Interest Expense 2,283.00 700.00 0.00 359.00
Net Interest 0 4,664.00 1,495.00 -359.00
EBT -108,679.00 -95,732.00 -56,796.00 -94,193.00
Income Tax 0.00 0.00 0.00 1,157.00
Net Income -108,679.00 -95,732.00 -56,796.00 -93,036.00
EBIT -106,396.00 -95,032.00 -56,796.00 -93,834.00
Deprecation and Amortization 527.00 3,162.00 3,180.00 2,616.00
EBITDA -105,869.00 -91,870.00 -53,616.00 -91,218.00
EPS -0.00 -0.00 -0.00 0
Diluted EPS -0.00 -0.00 -0.00 0
Average Shares Outstanding Basic 70,461.07 39,157.42 30,857.46 0
Average Shares Outstanding Diluted 70,461.07 39,157.42 30,857.46 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -79,129.00 -64,365.00 -50,139.00 -45,824.00
   Operating Net Income -108,679.00 -95,732.00 -56,796.00 -93,036.00
   Deprecation and Amortization 527.00 3,162.00 3,180.00 2,616.00
   Deferred Income Tax 0 0 0 -1,159.00
   Share Based Compensation 0 0 0 0
   Change in Working Capital 5,266.00 7,253.00 -2,032.00 9,233.00
   Other Operating Activities 23,757.00 20,952.00 5,509.00 36,522.00
Investing Cash Flow 0 0 0 -297.00
   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 0 0 0 297.00
   Other Investing Activities 0 0 0 -594.00
Financing Cash Flow 253,196.00 21,848.00 59,051.00 98,824.00
   Net Issuance/Repayment of Debt 10,000.00 15,000.00 0 0
   Net Issuance/Repurchase of Equity 10,668.00 15,492.00 92,058.00 98,824.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 232,528.00 -8,644.00 -33,007.00 0.00
Net Change in Cash 174,037.00 -42,438.00 8,603.00 53,445.00
   Cash at Beginning of Period 99,704.00 142,142.00 133,539.00 80,094.00
   Cash at End of Period 273,741.00 99,704.00 142,142.00 133,539.00
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
Assets 236,916.00 265,091.00 275,323.00 302,151.00 319,769.00 268,145.00 275,533.00 124,541.00 141,550.00 142,085.00 155,529.00 169,993.00 180,907.00 134,277.00 149,234.00 164,002.00
   Current Assets 215,848.00 189,136.00 221,700.00 281,620.00 299,358.00 247,693.00 255,471.00 103,872.00 120,086.00 119,791.00 132,413.00 146,055.00 156,510.00 109,090.00 123,227.00 137,215.00
      Cash and Short-Term Investments 209,070.00 182,993.00 212,441.00 273,741.00 295,284.00 243,132.00 252,332.00 99,704.00 117,699.00 116,895.00 129,409.00 142,142.00 154,519.00 105,741.00 120,472.00 133,539.00
            Cash and Cash Equivalents 19,959.00 33,392.00 82,854.00 273,741.00 295,284.00 243,132.00 252,332.00 99,704.00 117,699.00 116,895.00 129,409.00 142,142.00 154,519.00 105,741.00 120,472.00 133,539.00
            Short-Term Investments 189,111.00 149,601.00 129,587.00 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
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 6,778.00 6,143.00 9,259.00 7,879.00 4,074.00 4,561.00 3,139.00 4,168.00 2,387.00 2,896.00 3,004.00 3,913.00 1,991.00 3,349.00 2,755.00 3,676.00
   Non-Current Assets 21,068.00 75,955.00 53,623.00 20,531.00 20,411.00 20,452.00 20,062.00 20,669.00 21,464.00 22,294.00 23,116.00 23,938.00 24,397.00 25,187.00 26,007.00 26,787.00
      Property, Plant, Equipment Net 0 600.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Goodwill 19,918.00 19,918.00 19,918.00 19,918.00 19,918.00 19,918.00 19,918.00 19,918.00 19,918.00 19,918.00 19,918.00 19,918.00 19,918.00 19,918.00 19,918.00 19,918.00
      Intangible Assets 0 0 0 9,485.00 0 0 0 527.00 1,317.00 2,108.00 2,898.00 3,689.00 4,479.00 5,269.00 6,089.00 6,869.00
      Long-Term Investments 0 54,863.00 33,099.00 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
      Other Non-Current Assets 1,150.00 574.00 606.00 -8,872.00 493.00 534.00 144.00 224.00 229.00 268.00 300.00 331.00 0.00 0.00 0.00 0.00
Liabilities 106,320.00 79,691.00 52,517.00 60,703.00 57,576.00 66,098.00 79,474.00 46,407.00 45,571.00 36,113.00 25,185.00 19,076.00 27,314.00 9,773.00 12,429.00 12,338.00
   Current Liabilities 65,416.00 37,957.00 30,481.00 38,849.00 33,265.00 41,847.00 65,269.00 32,246.00 31,154.00 35,121.00 24,096.00 17,892.00 26,038.00 7,871.00 10,559.00 10,408.00
      Payables and Expenses 29,341.00 20,313.00 14,865.00 15,939.00 11,845.00 12,167.00 18,769.00 16,170.00 17,943.00 18,527.30 9,207.00 8,088.00 8,391.00 7,971.00 11,059.00 10,908.00
            Account Payables 8,113.00 4,216.00 2,268.00 2,010.00 2,149.00 2,936.00 7,595.00 4,136.00 7,686.00 8,577.00 2,320.00 2,111.00 824.00 732.00 3,332.00 4,178.00
            Current Accrued Liabilities 21,228.00 16,097.00 12,597.00 13,929.00 9,696.00 9,231.00 11,174.00 12,034.00 10,257.00 9,950.30 6,887.00 5,977.00 7,567.00 7,239.00 7,727.00 6,730.00
      Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities 36,075.00 17,644.00 15,616.00 22,910.00 21,420.00 29,680.00 46,500.00 16,076.00 13,211.00 16,593.70 14,889.00 9,804.00 17,647.00 -100.00 -500.00 -500.00
   Non-Current Liabilities 40,904.00 41,734.00 22,036.00 21,854.00 24,311.00 24,251.00 14,205.00 14,161.00 14,417.00 992.00 1,089.00 1,184.00 1,276.00 1,902.00 1,870.00 1,930.00
      Long-Term Debt 40,385.00 41,191.00 22,036.00 21,854.00 24,311.00 24,251.00 14,190.00 14,129.00 14,068.00 0 0 0 0 0 0 0
      Other Non-Current Liabilities 519.00 543.00 0.00 0.00 0.00 0.00 15.00 32.00 349.00 0 0 0 0 0 0 0
Equity 130,596.00 185,400.00 222,806.00 241,448.00 262,193.00 202,047.00 196,059.00 78,134.00 95,979.00 105,972.00 130,344.00 150,917.00 153,593.00 124,504.00 136,805.00 151,664.00
   Shareholders Equity 130,596.00 185,400.00 222,806.00 241,448.00 262,193.00 202,047.00 196,059.00 78,134.00 95,979.00 105,972.00 130,344.00 150,917.00 153,593.00 124,504.00 136,805.00 151,664.00
      Capital Stock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Share Premium 661,831.00 649,564.00 644,231.00 639,508.00 625,510.00 551,668.00 539,823.00 367,991.00 361,538.00 354,023.00 348,986.00 344,758.00 342,415.00 296,734.00 291,931.00 288,290.00
      Retained Earnings -532,236.00 -464,971.00 -422,227.00 -398,879.00 -364,138.00 -350,454.00 -344,600.00 -290,200.00 -266,336.00 -248,413.00 -219,283.00 -194,468.00 -189,565.00 -173,080.00 -156,123.00 -137,672.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 1,001.00 807.00 802.00 819.00 821.00 833.00 836.00 343.00 777.00 362.00 641.00 627.00 743.00 850.00 997.00 1,046.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 189,111.00 204,464.00 162,686.00 0 0 0 0 0 0 0 0 0 0 0 0 0
Debt 40,385.00 41,191.00 22,036.00 21,854.00 24,311.00 24,251.00 14,190.00 14,129.00 14,068.00 0 0 0 0 0 0 0
Common Shares Outstanding 76,774.06 75,803.25 75,511.38 75,100.76 81,590.49 72,075.08 71,163.72 41,101.30 40,094.71 38,807.16 38,290.11 37,979.14 37,541.11 426,689.22 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
Operating Expenses 118,731.00 73,062.00 32,159.00 -36,404.00 71,454.00 46,662.00 22,204.00 -48,702.00 71,661.00 50,045.00 20,862.00 -40,053.00 52,431.00 35,448.00 18,505.00
   Selling, General and Administrative Expenses 34,587.00 19,896.00 8,802.00 -20,108.00 27,916.00 20,312.00 10,499.00 -20,274.00 31,083.00 22,670.00 8,263.00 -19,075.00 25,092.00 15,881.00 8,264.00
   Research and Development Expenses 84,144.00 53,166.00 23,357.00 -16,296.00 43,538.00 26,350.00 11,705.00 -28,428.00 40,578.00 27,375.00 12,599.00 -20,978.00 27,339.00 19,567.00 10,241.00
   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
Operating Income -118,731.00 -73,062.00 -32,159.00 36,404.00 -71,454.00 -46,662.00 -22,204.00 48,702.00 -71,661.00 -50,045.00 -20,862.00 40,053.00 -52,431.00 -35,448.00 -18,505.00
Net Non-Operating Income 0 0 0 -4,763.00 0 0 0 -1,866.00 0 0 0 8,957.00 538.00 40.00 0
Interest Income 0 0 0 0 0 0 0 1,405.00 3,959.00 0 0 0 0 0 0
Interest Expense 4,214.00 2,940.00 602.00 -678.00 1,627.00 900.00 434.00 500.00 200.00 0.00 0.00 -27.00 0.00 0.00 27.00
Net Interest 0 0 0 0 0 0 0 -2,974.00 3,759.00 2,595.00 1,284.00 996.00 443.00 83.00 -27.00
EBT 0 0 0 -108,679.00 0 0 0 -95,732.00 0 0 0 30,505.00 -51,893.00 -35,408.00 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
Net Income -133,357.00 -66,092.00 -23,348.00 79,913.00 -73,938.00 -60,254.00 -54,400.00 54,896.00 -71,868.00 -53,945.00 -24,815.00 48,956.00 -51,893.00 -35,408.00 -18,451.00
EBIT 0 0 0 -106,396.00 0 0 0 -95,032.00 0 0 0 30,505.00 -51,893.00 -35,408.00 0
Deprecation and Amortization 2,279.00 2,422.00 0.00 -1,054.00 527.00 527.00 527.00 -1,582.00 2,372.00 1,581.00 791.00 -1,590.00 2,390.00 1,600.00 780.00
EBITDA 0 0 0 -105,869.00 0 0 0 -91,870.00 0 0 0 29,695.00 -49,503.00 -33,808.00 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
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
Average Shares Outstanding Basic 85,436.68 85,208.54 85,067.85 108,158.95 65,938.02 59,886.54 47,860.76 41,424.14 38,798.37 38,329.92 38,077.25 -328,088.15 28,566.16 422,951.84 0
Average Shares Outstanding Diluted 85,436.68 87,099.01 87,091.46 108,158.95 65,938.02 59,886.54 47,860.76 41,424.14 38,798.37 38,329.92 38,077.25 -328,088.15 28,566.16 422,951.84 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
Operating Cash Flow -88,585.00 -59,018.00 -29,419.00 27,834.00 -53,778.00 -36,587.00 -16,598.00 19,944.00 -43,802.00 -27,176.00 -13,331.00 28,010.00 -37,290.00 -27,993.00 -12,866.00
   Operating Net Income -133,357.00 -66,092.00 -23,348.00 79,913.00 -73,938.00 -60,254.00 -54,400.00 54,896.00 -71,868.00 -53,945.00 -24,815.00 48,956.00 -51,893.00 -35,408.00 -18,451.00
   Deprecation and Amortization 2,279.00 2,422.00 0 -1,054.00 527.00 527.00 527.00 -1,582.00 2,372.00 1,581.00 791.00 -1,590.00 2,390.00 1,600.00 780.00
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Change in Working Capital 8,535.00 2,147.00 319.00 11,484.00 -2,253.00 -2,237.00 -1,728.00 -9,677.00 7,642.00 9,303.00 -15.00 6,461.00 -4,544.00 -3,178.00 -771.00
   Other Operating Activities 33,958.00 2,505.00 -6,390.00 -62,509.00 21,886.00 25,377.00 39,003.00 -23,693.00 18,052.00 15,885.00 10,708.00 -25,817.00 16,757.00 8,993.00 5,576.00
Investing Cash Flow -186,590.00 -201,996.00 -162,458.00 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
   Net Purchase/Sale of PPE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Investments Net 338,090.00 269,496.00 162,458.00 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 0 0 0 0 0 0 0
   Other Investing Activities -524,680.00 -471,492.00 -324,916.00 0 0 0 0 0 0 0 0 0 0 0 0
Financing Cash Flow 21,401.00 20,652.00 1,002.00 -345,475.00 249,389.00 180,035.00 169,247.00 153.00 19,255.00 1,857.00 583.00 158.00 58,635.00 424.00 -166.00
   Net Issuance/Repayment of Debt 64,000.00 64,000.00 0 -10,000.00 10,000.00 10,000.00 0 0.00 15,000.00 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 2,136.00 913.00 816.00 -1,669.00 5,102.00 5,070.00 2,165.00 495.00 10,057.00 3,757.00 1,183.00 -26,942.00 117,928.00 831.00 241.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -44,735.00 -44,261.00 186.00 -333,806.00 234,287.00 164,965.00 167,082.00 -342.00 -5,802.00 -1,900.00 -600.00 27,100.00 -59,293.00 -407.00 -407.00
Net Change in Cash -253,782.00 -240,349.00 -190,887.00 -317,599.00 195,580.00 143,428.00 152,628.00 19,985.00 -24,443.00 -25,247.00 -12,733.00 28,488.00 20,980.00 -27,798.00 -13,067.00
   Cash at Beginning of Period 273,741.00 273,741.00 273,741.00 591,340.00 99,704.00 99,704.00 99,704.00 79,719.00 142,142.00 142,142.00 142,142.00 113,654.00 133,539.00 133,539.00 133,539.00
   Cash at End of Period 19,959.00 33,392.00 82,854.00 273,741.00 295,284.00 243,132.00 252,332.00 99,704.00 117,699.00 116,895.00 129,409.00 142,142.00 154,519.00 105,741.00 120,472.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0