Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -48.50 -10.57 6.35 7.20
Price to Sales
Book Value Per Common Share 1.55 1.13 1.36 1.77
Price to Book 6.89 2.81 2.14 2.68
Price to Operating Cash Flow -58.89 -9.45 -7.44 -9.04
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 2022-03-31 2021-12-31
Price to Earnings -43.04 -63.89 -89.08 58.44 52.00 83.20 13.58 19.32 63.57 -6.97 -16.55 41.00
Price to Sales
Book Value Per Common Share 4.94 4.91 1.44 1.55 1.16 1.06 1.09 1.13 1.16 1.19 1.30 1.36 1.52 1.60 1.68 1.77
Price to Book 4.09 2.47 7.43 6.89 8.06 4.89 3.80 2.81 2.81 3.08 3.42 2.14 1.33 2.07 2.43 2.68
Price to Operating Cash Flow -38.74 -27.71 -29.44 -51.12 -31.84 -76.05 -13.50 -27.19 -67.63 -7.02 -17.81 -38.61
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 -30.30
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 2022-03-31 2021-12-31
Earning YoY 60.00 100.00 26.32 171.43
Revenue YoY
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.67 0.05 0.36 0.88
Quick Ratio 6.92 0.82 1.85 8.38
Current Ratio 7.01 0.88 1.90 8.55
Debt to Equity 0.08 0.15 0.16 0.12
Long-Term Debt to Equity 0.02 0.04 0.01 0.06
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
Cash Per Common Share 5.26 5.78 0.27 0.63 0.17 0.03 0.13 0.05 0.11 0.22 0.29 0.36 0.47 0.57 0.65 0.76
Quick Ratio 41.17 68.00 3.14 6.92 2.20 1.42 2.01 0.82 1.08 1.25 1.48 1.85 3.44 4.39 6.79 8.38
Current Ratio 42.25 71.11 5.95 7.01 2.31 1.54 2.11 0.88 1.24 1.31 1.53 1.90 3.55 4.51 6.94 8.55
Debt to Equity 0.02 0.02 0.09 0.08 0.16 0.14 0.11 0.15 0.18 0.25 0.17 0.16 0.11 0.12 0.11 0.12
Long-Term Debt to Equity 0.00 0.00 0.02 0.02 0.04 0.04 0.04 0.04 0.07 0.07 0.01 0.01 0.02 0.04 0.05 0.06

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -5.87 -6.72 -6.45 -5.71
ROE -6.34 -7.73 -7.47 -6.37
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 2022-03-31 2021-12-31
ROA -7.34 -2.75 -7.36 -11.40 -8.45 -3.76 -17.19 -13.02 -4.77 -17.18 -11.10 -5.31
ROE -7.52 -2.79 -8.00 -13.19 -9.64 -4.18 -20.32 -16.31 -5.60 -19.10 -12.43 -5.89
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 2022-06-30 2022-03-31 2021-12-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 117,610.00 83,087.24 99,445.15 124,497.77
   Current Assets 47,352.58 6,853.93 23,562.13 49,079.07
      Cash and Short-Term Investments 44,104.82 3,229.46 22,667.05 47,852.85
            Cash and Cash Equivalents 44,104.82 3,229.46 22,667.05 47,852.85
            Short-Term Investments 0 0 0 0
      Net Receivables 2,585.31 3,181.15 280.15 279.95
      Inventory 0 0 0 0
      Other Current Assets 662.45 443.31 614.93 946.28
   Non-Current Assets 70,257.42 76,233.31 75,883.03 75,418.69
      Property, Plant, Equipment Net 471.37 412.95 363.65 214.36
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 69,786.05 75,820.37 75,519.37 75,204.33
Liabilities 8,751.27 10,789.73 13,614.63 12,897.17
   Current Liabilities 6,751.27 7,789.73 12,402.73 5,743.20
      Payables and Expenses 5,722.98 4,997.23 2,741.52 2,838.21
            Account Payables 5,722.98 4,997.23 2,741.52 2,838.21
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 28.29 27.90 70.45 69.99
      Other Current Liabilities 1,000.00 2,764.61 9,590.77 2,835.00
   Non-Current Liabilities 2,000.00 3,000.00 1,211.90 7,153.97
      Long-Term Debt 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0
Equity 108,858.73 72,297.51 85,830.52 111,600.60
   Shareholders Equity 108,858.73 72,297.51 85,830.52 111,600.60
      Capital Stock 668,664.44 618,581.91 615,553.45 615,359.15
      Share Premium 35,375.25 34,413.56 32,203.86 29,454.70
      Retained Earnings -595,180.96 -580,697.96 -561,926.78 -533,213.25
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0
   Minority Interest 0 0 0 0
Debt 28.29 27.90 70.45 69.99
Common Shares Outstanding 70,266.55 64,123.46 63,011.78 62,971.86
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Expenses 52,126.14 40,274.21 29,331.86 41,289.86
   Selling, General and Administrative Expenses 2,259.01 2,145.29 3,116.99 3,536.05
   Other Operating Expenses 49,867.13 38,128.92 26,214.87 37,753.81
Operating Income -52,126.14 -40,274.21 -29,331.86 -41,289.86
Net Non-Operating Income 37,643.13 21,503.03 618.33 5,337.84
Interest Expense 0.00 0.00 0.00 0.00
Net Interest 246.44 442.94 485.47 58.31
EBT -14,483.00 -18,771.18 -28,713.53 -35,952.03
Income Tax 0.00 0.00 0.00 0.00
Net Income -6,906.13 -5,586.74 -6,413.18 -7,113.40
EBIT -14,483.00 -18,771.18 -28,713.53 -35,952.03
Deprecation and Amortization 119.57 83.74 61.29 58.92
EBITDA -14,363.43 -18,687.44 -28,652.24 -35,893.10
EPS -0.00 -0.00 0.00 0.00
Diluted EPS -0.00 -0.00 0.00 0.00
Average Shares Outstanding Basic 65,619.45 63,190.94 62,986.82 54,530.32
Average Shares Outstanding Diluted 65,619.45 63,190.94 62,986.82 54,530.32
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -11,890.43 -21,188.65 -24,714.19 -28,646.96
   Operating Net Income -14,483.00 -18,771.18 -28,713.53 -35,952.03
   Deprecation and Amortization 119.57 83.74 61.29 58.92
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 3,897.01 3,038.40 2,943.46 3,949.20
   Change in Working Capital 149.48 4,983.32 -446.95 -423.58
   Other Operating Activities -1,573.48 -10,522.94 1,441.55 3,720.52
Investing Cash Flow 5,670.48 -449.80 -465.84 -3,325.35
   Capital Expenditure 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 188.27 148.81 249.15 34.88
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 5,482.21 -598.61 -714.99 -3,360.24
Financing Cash Flow 47,147.21 2,199.76 0 54,788.94
   Net Issuance/Repayment of Debt 0 0 0 0
   Net Issuance/Repurchase of Equity 49,540.13 2,853.87 0 58,032.12
   Dividends Paid 0 0 0 0
   Other Financing Activities -2,392.91 -654.11 0 -3,243.18
Net Change in Cash 40,875.36 -19,437.58 -25,185.80 22,815.08
   Cash at Beginning of Period 3,229.46 22,667.05 47,852.85 25,037.77
   Cash at End of Period 44,104.82 3,229.46 22,667.05 47,852.85
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 544,886.95 518,029.89 111,485.74 117,610.00 89,294.89 78,297.54 78,316.53 83,087.24 86,676.23 94,243.17 96,457.41 99,445.15 106,281.75 112,607.96 117,650.80 124,497.77
   Current Assets 460,154.83 446,968.65 41,276.09 47,352.58 20,957.69 10,246.67 10,443.32 6,853.93 10,436.77 18,228.70 20,617.53 23,562.13 30,471.43 37,046.54 42,188.92 49,079.07
   Deposits 10,603.58 18,755.35 18,755.35 0 0 0 0 0 0 0 0 0 0 0 0 0
      Cash and Short-Term Investments 445,834.28 425,374.59 19,141.22 44,104.82 11,210.66 1,882.79 8,040.31 3,229.46 7,104.94 14,105.01 18,559.71 22,667.05 29,392.62 36,088.54 41,168.72 47,852.85
            Cash and Cash Equivalents 445,834.28 425,374.59 19,141.22 44,104.82 11,210.66 1,882.79 8,040.31 3,229.46 7,104.94 14,105.01 18,559.71 22,667.05 29,392.62 36,088.54 41,168.72 47,852.85
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 2,615.81 2,091.52 2,656.27 2,585.31 8,822.43 7,609.14 1,907.19 3,181.15 1,978.51 3,187.60 1,360.98 280.15 120.76 43.16 62.04 279.95
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 11,704.74 19,502.54 19,478.60 662.45 924.60 754.75 495.82 443.31 1,353.33 936.09 696.84 614.93 958.05 914.85 958.15 946.28
   Non-Current Assets 84,732.11 71,061.24 70,209.65 70,257.42 68,337.20 68,050.87 67,873.21 76,233.31 76,239.45 76,014.47 75,839.88 75,883.03 75,810.32 75,561.41 75,461.88 75,418.69
      Property, Plant, Equipment Net 1,505.79 1,275.20 423.60 471.37 518.72 565.62 388.00 412.95 444.09 495.10 320.51 363.65 315.95 357.08 257.55 214.36
      Goodwill 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
      Long-Term Investments 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
      Other Non-Current Assets 83,226.33 69,786.05 69,786.05 69,786.05 67,818.48 67,485.25 67,485.20 75,820.37 75,795.37 75,519.37 75,519.37 75,519.37 75,494.37 75,204.33 75,204.33 75,204.33
Liabilities 12,892.09 8,285.87 8,935.14 8,751.27 12,089.87 9,674.01 7,955.47 10,789.73 13,345.28 18,978.19 14,345.49 13,614.63 10,702.86 12,006.98 11,618.85 12,897.17
   Current Liabilities 10,892.09 6,285.87 6,935.14 6,751.27 9,089.87 6,674.01 4,955.47 7,789.73 8,388.53 13,883.83 13,459.31 12,402.73 8,583.07 8,222.16 6,076.13 5,743.20
      Payables and Expenses 10,843.39 5,220.18 5,923.69 5,722.98 7,295.81 4,326.32 2,743.76 4,997.23 5,535.73 4,889.02 2,720.13 2,741.52 2,741.74 2,324.55 2,032.04 2,838.21
            Account Payables 10,843.39 5,220.18 5,923.69 5,722.98 7,295.81 4,326.32 2,743.76 4,997.23 5,535.73 4,889.02 2,720.13 2,741.52 2,741.74 2,324.55 2,032.04 2,838.21
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Short-Term Debt 48.71 65.69 11.46 28.29 44.71 60.72 11.30 27.90 55.28 81.99 43.81 70.45 84.36 97.93 80.24 69.99
      Other Current Liabilities 0.00 1,000.00 1,000.00 1,000.00 1,749.36 2,286.97 2,200.41 2,764.61 2,797.52 8,912.82 10,695.37 9,590.77 5,756.97 5,799.69 3,963.85 2,835.00
   Non-Current Liabilities 2,000.00 2,000.00 2,000.00 2,000.00 3,000.00 3,000.00 3,000.00 3,000.00 4,956.74 5,094.36 886.18 1,211.90 2,119.80 3,784.82 5,542.72 7,153.97
      Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 11.19 22.10 32.75 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 2,108.61 3,762.71 5,509.97 0
Equity 531,994.85 509,744.02 102,550.60 108,858.73 77,205.02 68,623.53 70,361.06 72,297.51 73,330.95 75,264.98 82,111.93 85,830.52 95,578.89 100,600.98 106,031.95 111,600.60
   Shareholders Equity 531,994.85 509,744.02 102,550.60 108,858.73 77,205.02 68,623.53 70,361.06 72,297.51 73,330.95 75,264.98 82,111.93 85,830.52 95,578.89 100,600.98 106,031.95 111,600.60
      Capital Stock 1,136,586.74 1,089,215.02 674,632.60 668,664.44 632,677.28 621,022.85 619,428.02 618,581.91 616,330.14 616,189.01 616,068.04 615,553.45 615,426.46 615,426.46 615,371.53 615,359.15
      Share Premium 30,576.13 29,940.90 31,303.57 35,375.25 35,408.92 34,916.89 34,575.53 34,413.56 33,830.53 33,275.59 32,570.76 32,203.86 31,622.27 30,890.04 30,118.57 29,454.70
      Retained Earnings -635,168.02 -609,411.90 -603,385.57 -595,180.96 -590,881.18 -587,316.20 -583,642.49 -580,697.96 -576,829.72 -574,199.63 -566,526.88 -561,926.78 -551,469.84 -545,715.52 -539,458.15 -533,213.25
      Treasury Shares 0 0 0 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 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Debt 48.71 65.69 11.46 28.29 44.71 60.72 11.30 27.90 55.28 81.99 43.81 70.45 95.55 120.03 112.99 69.99
Common Shares Outstanding 107,616.06 103,872.26 71,285.84 70,266.55 66,569.38 64,593.55 64,351.88 64,123.46 63,202.41 63,165.37 63,139.53 63,011.78 62,987.86 62,987.86 62,973.53 62,971.86
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 60,439.83 26,702.29 14,959.50 -13,164.21 36,849.96 20,315.05 8,125.34 -17,317.86 29,581.30 19,965.46 8,045.31 -8,162.49 18,585.83 12,647.69 6,260.83
   Selling, General and Administrative Expenses 2,589.22 1,545.85 981.79 -1,747.81 1,821.68 1,373.23 811.90 -1,375.56 1,640.14 1,219.47 661.23 -2,633.80 2,521.84 2,012.90 1,216.05
   Other Operating Expenses 57,850.60 25,156.44 13,977.72 -11,416.40 35,028.28 18,941.82 7,313.44 -15,942.30 27,941.16 18,745.99 7,384.08 -5,528.69 16,063.99 10,634.79 5,044.78
Operating Income -60,439.83 -26,702.29 -14,959.50 13,164.21 -36,849.96 -20,315.05 -8,125.34 17,317.86 -29,581.30 -19,965.46 -8,045.31 8,162.49 -18,585.83 -12,647.69 -6,260.83
Net Non-Operating Income 20,452.77 12,471.35 6,754.90 -7,901.23 26,666.74 13,696.81 5,180.81 -4,313.16 14,678.36 7,692.62 3,445.22 127.73 329.24 145.42 15.94
Interest Expense 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 Interest 5,815.14 1,141.99 377.97 69.38 101.17 59.36 16.54 -464.24 418.67 326.05 162.46 115.32 254.68 84.03 31.44
EBT -39,987.05 -14,230.93 -8,204.60 5,262.98 -10,183.22 -6,618.24 -2,944.53 13,004.70 -14,902.94 -12,272.84 -4,600.09 8,290.22 -18,256.59 -12,502.26 -6,244.89
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 -39,987.05 -14,230.93 -8,204.60 12,839.85 -10,183.22 -6,618.24 -2,944.53 26,189.13 -14,902.94 -12,272.84 -4,600.09 30,590.57 -18,256.59 -12,502.26 -6,244.89
EBIT -39,987.05 -14,230.93 -8,204.60 5,262.98 -10,183.22 -6,618.24 -2,944.53 13,004.70 -14,902.94 -12,272.84 -4,600.09 8,290.22 -18,256.59 -12,502.26 -6,244.89
Deprecation and Amortization 98.88 63.19 30.93 -53.18 88.64 57.75 26.36 -28.46 59.55 35.70 16.95 -18.16 41.65 26.34 11.47
EBITDA -39,888.17 -14,167.74 -8,173.67 5,209.80 -10,094.58 -6,560.49 -2,918.16 12,976.23 -14,843.39 -12,237.14 -4,583.14 8,272.06 -18,214.94 -12,475.93 -6,233.43
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
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
Average Shares Outstanding Basic 84,838.62 73,563.68 70,619.29 69,300.80 64,735.96 64,317.59 64,123.46 63,533.20 63,120.58 63,091.67 63,018.31 63,012.37 62,982.69 62,980.05 62,972.15
Average Shares Outstanding Diluted 84,838.62 73,563.68 70,619.29 69,300.80 64,735.96 64,317.59 64,123.46 63,533.20 63,120.58 63,091.67 63,018.31 63,012.37 62,982.69 62,980.05 62,972.15
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 -44,301.73 -32,228.40 -25,644.43 13,953.46 -11,838.62 -10,500.46 -3,504.81 6,715.44 -15,239.65 -8,516.30 -4,148.14 11,798.26 -18,116.94 -11,710.83 -6,684.68
   Operating Net Income -39,987.05 -14,230.93 -8,204.60 5,262.98 -10,183.22 -6,618.24 -2,944.53 13,004.70 -14,902.94 -12,272.84 -4,600.09 8,290.22 -18,256.59 -12,502.26 -6,244.89
   Deprecation and Amortization 98.88 63.19 30.93 -53.18 88.64 57.75 26.36 -28.46 59.55 35.70 16.95 -18.16 41.65 26.34 11.47
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 2,553.51 1,691.38 1,215.83 -1,975.07 2,905.77 1,958.23 1,008.08 -1,748.71 2,321.18 1,625.11 840.83 -1,470.33 2,234.89 1,502.65 676.25
   Change in Working Capital 5,589.62 16,947.56 19,087.81 -8,665.70 8,221.58 4,068.52 -3,474.92 -6,762.45 5,229.64 5,375.23 1,140.91 1,619.82 -263.44 -802.77 -1,000.56
   Other Operating Activities -12,556.69 -36,699.61 -37,774.40 19,384.42 -12,871.38 -9,966.73 1,880.20 2,250.36 -7,947.07 -3,279.49 -1,546.73 3,376.71 -1,873.45 65.22 -126.94
Investing Cash Flow -14,553.16 -829.62 0 -18,455.56 7,638.05 8,170.85 8,317.15 84.73 -404.81 -129.72 0 -73.49 -338.99 -53.36 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 1,112.88 829.62 0 -206.29 188.27 188.27 18.02 -209.73 178.82 179.72 0 -41.04 147.30 142.89 0
   Net Purchase/Sale of Investments Net 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 0 0 0 0 0 0 0
   Other Investing Activities -15,666.05 -1,659.23 0 -18,249.27 7,449.78 7,982.57 8,299.13 294.46 -583.63 -309.44 0 -32.45 -486.29 -196.25 0
Financing Cash Flow 460,569.66 414,320.78 680.64 33,976.22 12,184.96 986.03 0 1,994.71 82.19 82.19 40.67 0 0 0 0
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 476,421.18 427,326.30 680.64 35,762.27 12,791.83 986.03 0 2,648.82 82.19 82.19 40.67 0 0 0 0
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -15,851.52 -13,005.52 0.00 -1,786.04 -606.87 0.00 0 -654.11 0.00 0.00 0.00 0 0 0 0
Net Change in Cash 401,729.46 381,269.76 -24,963.60 29,429.99 7,981.20 -1,346.68 4,810.85 8,793.90 -15,562.11 -8,562.03 -4,107.34 11,722.85 -18,460.22 -11,764.31 -6,684.12
   Cash at Beginning of Period 44,104.82 44,104.82 44,104.82 14,674.84 3,229.46 3,229.46 3,229.46 -5,564.43 22,667.05 22,667.05 22,667.05 10,944.19 47,852.85 47,852.85 47,852.85
   Cash at End of Period 445,834.28 425,374.59 19,141.22 44,104.82 11,210.66 1,882.79 8,040.31 3,229.46 7,104.94 14,105.01 18,559.71 22,667.05 29,392.62 36,088.54 41,168.72
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0