Balance Sheet
| Year Ending Dec 2023 (Update) | Year Ending Dec 2022 (Update) | Year Ending Dec 2021 (Update) | Year Ending Dec 2020 (Update) | |
|---|---|---|---|---|
| Cash & Equivalents | 13.85 | 18.21 | 84.68 | 10.52 |
| Short Term Investments | 0.00 | 55.93 | 0.00 | 0.00 |
| Cash and Short Term Investments | 13.85 | 74.14 | 84.68 | 10.52 |
| Accounts Receivable - Trade, Gross | 36.25 | 22.16 | 24.80 | 17.89 |
| Accounts Receivable - Trade, Net | 36.25 | 22.16 | 24.80 | 17.89 |
| Receivables - Other | 1.04 | 0.00 | 0.00 | 0.00 |
| Total Receivables, Net | 37.29 | 22.16 | 24.80 | 17.89 |
| Prepaid Expenses | 3.19 | 2.28 | 5.63 | 4.46 |
| Total Current Assets | 54.33 | 98.58 | 115.11 | 32.86 |
| Machinery/Equipment - Gross | 0.27 | 0.23 | 0.27 | 0.17 |
| Other Property/Plant/Equipment - Gross | 0.61 | 0.27 | 0.53 | 0.64 |
| Property/Plant/Equipment, Total - Gross | 0.87 | 0.50 | 0.80 | 0.81 |
| Accumulated Depreciation, Total | -0.15 | -0.13 | -0.32 | -0.22 |
| Property/Plant/Equipment, Total - Net | 0.72 | 0.37 | 0.47 | 0.59 |
| Goodwill, Net | 78.36 | 22.67 | 14.74 | 14.74 |
| Intangibles - Gross | 55.70 | 21.83 | 17.51 | 8.94 |
| Accumulated Intangible Amortization | -6.31 | -8.80 | -6.87 | -2.07 |
| Intangibles, Net | 49.40 | 13.02 | 10.65 | 12.12 |
| Other Long Term Assets | 0.57 | 0.01 | 0.01 | 0.01 |
| Other Long Term Assets, Total | 0.57 | 0.01 | 0.01 | 0.01 |
| Total Assets | 183.37 | 134.65 | 140.99 | 60.33 |
| Accounts Payable | 2.23 | 1.55 | 0.61 | 0.62 |
| Accrued Expenses | 7.98 | 2.69 | 2.99 | 2.54 |
| Notes Payable/Short Term Debt | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Portion of Long Term Debt/Capital Leases | 2.00 | 0.00 | 0.00 | 0.00 |
| Customer Advances | 0.17 | 0.16 | 1.39 | 0.29 |
| Other Payables | 5.51 | 3.99 | 4.38 | 4.97 |
| Other Current Liabilities | 0.00 | 0.00 | 0.00 | 1.61 |
| Other Current liabilities, Total | 5.68 | 4.15 | 5.77 | 6.87 |
| Total Current Liabilities | 17.88 | 8.40 | 9.37 | 10.03 |
| Long Term Debt | 34.23 | 0.00 | 0.00 | 0.00 |
| Total Long Term Debt | 34.23 | 0.00 | 0.00 | 0.00 |
| Total Debt | 36.23 | 0.00 | 0.00 | 0.00 |
| Deferred Income Tax - Long Term Liability | 4.34 | 0.00 | 0.00 | 0.00 |
| Deferred Income Tax | 4.34 | 0.00 | 0.00 | 0.00 |
| Other Long Term Liabilities | 0.37 | 0.14 | 0.24 | 0.33 |
| Other Liabilities, Total | 0.37 | 0.14 | 0.24 | 0.33 |
| Total Liabilities | 56.82 | 8.54 | 9.61 | 10.35 |
| Convertible Preferred Stock – Non-Redeemable | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Non Redeemable, Net | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Stock | 0.02 | 0.02 | 0.02 | 0.02 |
| Common Stock, Total | 0.02 | 0.02 | 0.02 | 0.02 |
| Additional Paid-In Capital | 190.79 | 172.79 | 166.62 | 85.59 |
| Retained Earnings (Accumulated Deficit) | -64.26 | -46.69 | -35.25 | -35.63 |
| Treasury Stock - Common | 0.00 | 0.00 | 0.00 | 0.00 |
| ESOP Debt Guarantee | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Equity | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Equity, Total | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 126.55 | 126.11 | 131.38 | 49.97 |
| Total Liabilities & Shareholders' Equity | 183.37 | 134.65 | 140.99 | 60.33 |
| Shares Outstanding – Common Stock Primary Issue | 18.16 | 17.07 | 17.86 | 15.22 |
| Total Common Shares Outstanding | 18.16 | 17.07 | 17.86 | 15.22 |
| Treasury Shares – Common Primary Issue | 1.74 | 1.21 | 0.00 | 0.00 |
| Shares Outstanding - Preferred Issue 1 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Preferred Shares Outstanding | 0.00 | 0.00 | 0.00 | 0.00 |
| Treasury Shares – Primary Preferred Issue | 0.00 | 0.00 | 0.00 | 0.00 |
| Employees | 116.00 | 109.00 | 97.00 | 71.00 |
| Part-Time Employees | 1.00 | 1.00 | 0.00 | 0.00 |
| Number of Common Shareholders | 8,453.00 | 350.00 | 400.00 | 400.00 |
| Accumulated Intangible Amortization | 6.31 | 8.80 | 6.87 | 2.07 |
| Deferred Revenue - Current | 0.17 | 0.16 | 1.39 | 0.29 |
| Total Current Assets less Inventory | 54.33 | 98.58 | 115.11 | 32.86 |
| Quick Ratio | 3.04 | 11.74 | 12.29 | 3.28 |
| Current Ratio | 3.04 | 11.74 | 12.29 | 3.28 |
| Net Debt | 22.38 | -74.14 | -84.68 | -10.52 |
| Tangible Book Value | -1.20 | 90.41 | 105.99 | 23.11 |
| Tangible Book Value per Share | -0.07 | 5.30 | 5.93 | 1.52 |
| Total Long Term Debt, Supplemental | 38.29 | 0.00 | 0.00 | 0.00 |
| Long Term Debt Maturing within 1 Year | 2.00 | 0.00 | 0.00 | 0.00 |
| Long Term Debt Maturing in Year 2 | 2.00 | 0.00 | 0.00 | 0.00 |
| Long Term Debt Maturing in Year 3 | 2.00 | 0.00 | 0.00 | 0.00 |
| Long Term Debt Maturing in Year 4 | 32.29 | 0.00 | 0.00 | 0.00 |
| Long Term Debt Maturing in 2-3 Years | 4.00 | 0.00 | 0.00 | 0.00 |
| Long Term Debt Maturing in 4-5 Years | 32.29 | 0.00 | 0.00 | 0.00 |
| Long Term Debt Maturing in Year 6 & Beyond | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Operating Leases | 0.59 | 0.23 | 0.33 | 0.45 |
| Operating Lease Payments Due in Year 1 | 0.26 | 0.10 | 0.10 | 0.14 |
| Operating Lease Payments Due in Year 2 | 0.18 | 0.08 | 0.10 | 0.10 |
| Operating Lease Payments Due in Year 3 | 0.11 | 0.07 | 0.08 | 0.10 |
| Operating Lease Payments Due in Year 4 | 0.07 | 0.00 | 0.07 | 0.08 |
| Operating Lease Payments Due in Year 5 | 0.05 | 0.00 | 0.00 | 0.07 |
| Operating Lease Payments Due in 2-3 Years | 0.29 | 0.15 | 0.18 | 0.20 |
| Operating Lease Payments Due in 4-5 Years | 0.11 | 0.00 | 0.07 | 0.15 |
| Standardized Operating Lease Payments Due in Year 6 and Beyond | -0.07 | -0.01 | -0.03 | -0.04 |
In millions of USD (except for per share items)
Source:
