AquaBounty Technologies, Inc(NASDAQ:AQB) 
AquaBounty Technologies, Inc., a biotechnology company, focuses on improving productivity in the commercial aquaculture industry in the United States and Canada. It offers AquAdvantage Salmon, a bioengineered Atlantic salmon for human consumption; and sells conventional Atlantic salmon, salmon eggs,...
Website: http://www.aquabounty.com
Full Time Employees: 71
CEO: Sylvia A. Wulf
Sector: Consumer Defensive
Industry: Farm Products
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 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 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
costs and expenses | ||||||||||||||||||||||||||||||||||||||
sales and marketing | 6,613 | 3,467 | 44,167 | 79,702 | 63,963 | 211,530 | 191,862 | 194,254 | 198,285 | 354,899 | 186,393 | 349,917 | 247,572 | 192,410 | 201,838 | 548,881 | 318,635 | 201,560 | 143,646 | 137,434 | 50,788 | 327,386 | 206,256 | 103,390 | 71,991 | 74,688 | 64,971 | 76,381 | 81,647 | 191,864 | 195,947 | 202,910 | 208,288 | |||||
general and administrative | 621,566 | -729,465 | 1,412,112 | 1,768,596 | 1,560,436 | 1,294,714 | 1,887,814 | 3,446,560 | 2,500,557 | 4,604,993 | 2,334,861 | 3,067,533 | 3,000,482 | 2,313,898 | 2,264,755 | 2,831,930 | 2,376,236 | 2,561,592 | 2,177,153 | 2,578,958 | 1,785,510 | 1,743,835 | 1,722,874 | 1,693,544 | 1,637,190 | -766,562 | 2,346,754 | 3,106,374 | 2,036,493 | 1,548,682 | 1,852,362 | 1,827,991 | 1,386,873 | 1,610,308 | 1,382,380 | 950,348 | 1,120,788 | |
total costs and expenses | 621,566 | -2,016,878 | 1,480,659 | 3,294,348 | 1,260,163 | 47,904,308 | 2,409,131 | 49,700,069 | 11,425,606 | 8,870,291 | 6,806,984 | 7,231,059 | 6,880,924 | 6,563,518 | 6,190,042 | 6,640,245 | 6,066,687 | 6,460,029 | 7,270,340 | 5,406,808 | 4,159,420 | 6,088,449 | 3,680,921 | 3,507,949 | 3,098,174 | 3,450,006 | 2,999,592 | 4,062,205 | 2,853,578 | 2,424,299 | 2,730,965 | 2,832,481 | 2,462,569 | 2,656,697 | 2,439,230 | 2,140,352 | 2,049,098 | |
operating income | -621,566 | 2,016,878 | -1,480,659 | -3,294,348 | -1,260,163 | 174,268,658 | -2,361,319 | -49,519,887 | -10,948,338 | -8,317,041 | -6,073,851 | -6,442,629 | -6,483,078 | -6,112,583 | -5,536,610 | -5,570,539 | -5,103,806 | -6,042,359 | -6,814,943 | -5,179,415 | -4,085,048 | -6,038,252 | -3,613,158 | -3,504,999 | -3,091,421 | -3,403,639 | -2,999,592 | -4,019,719 | -2,755,693 | -2,417,714 | -2,720,027 | -2,784,583 | -2,443,472 | -2,656,697 | -2,439,230 | -2,087,074 | -2,049,098 | |
yoy | -50.68% | -98.84% | -37.30% | -93.35% | -88.49% | -2195.32% | -61.12% | 668.63% | 68.88% | 36.06% | 9.70% | 15.66% | 27.02% | 1.16% | -18.76% | 7.55% | 24.94% | 0.07% | 88.61% | 47.77% | 32.14% | 77.41% | 20.45% | -12.80% | 12.18% | 40.78% | 10.28% | 44.36% | 12.78% | -9.00% | 11.51% | 33.42% | 19.25% | |||||
qoq | -130.82% | -236.21% | -55.05% | 161.42% | -100.72% | -7480.14% | -95.23% | 352.31% | 31.64% | 36.93% | -5.72% | -0.62% | 6.06% | 10.40% | -0.61% | 9.14% | -15.53% | -11.34% | 31.58% | 26.79% | -32.35% | 67.12% | 3.09% | 13.38% | -9.17% | 13.47% | -25.38% | 45.87% | 13.98% | -11.11% | -2.32% | 13.96% | -8.03% | 8.92% | 16.87% | 1.85% | ||
other income | -11,014 | -12,063 | -4,378 | -1,347 | 225 | -516 | -328 | 63,284 | 112,165 | 168,796 | 109,191 | 67,368 | 52,177 | 29,593 | 28,888 | 4,961 | 197 | 1,705 | -538 | -1,152 | 10,935 | -697 | -1,348 | 5,100 | -1,466 | -1,832 | -1,868 | -2,073 | -2,086 | -1,392 | -1,109 | -1,365 | ||||||
interest expense | -299,985 | 18,183 | -90,585 | -133,650 | -55,529 | -1,030,949 | -989,976 | -208,563 | -108,158 | -63,746 | -65,789 | -66,274 | -68,882 | -72,313 | -74,694 | -75,288 | -77,939 | -79,489 | -80,210 | -78,804 | -78,840 | -38,335 | -18,147 | -17,045 | -17,505 | -17,933 | -14,212 | -13,338 | -6,403 | -5,169 | -5,283 | -5,402 | -5,407 | -5,597 | -5,253 | -5,280 | ||
loan forgiveness | 2,008,046 | |||||||||||||||||||||||||||||||||||||
other expense | -3,250 | -2,269 | -3,671 | -2,979 | -4,469 | |||||||||||||||||||||||||||||||||
total other income | -303,235 | 15,914 | -3,671 | -93,564 | 1,869,927 | -107,933 | -64,262 | -66,117 | 43,283 | 96,483 | 34,497 | -7,920 | -25,762 | -49,896 | -51,322 | -73,843 | -78,643 | -36,630 | -18,685 | -18,197 | -15,118 | -18,630 | -7,012 | -8,238 | -6,381 | -7,001 | 3,434 | -6,315 | -6,552 | -6,989 | -6,362 | -6,645 | ||||||
income from continuing operations | -924,801 | 609,764 | ||||||||||||||||||||||||||||||||||||
loss from discontinued operations | -275,269 | -208,629 | ||||||||||||||||||||||||||||||||||||
net income | -1,200,070 | -14,137,812 | -1,380,773 | -3,373,037 | 401,135 | 214,269,480 | -3,404,331 | -50,514,241 | -11,158,248 | -8,424,974 | -6,138,113 | -6,508,746 | -6,486,068 | -6,069,300 | -5,440,127 | -5,536,042 | -5,111,726 | -6,068,121 | -6,864,839 | -5,230,737 | -4,158,891 | -6,116,895 | -3,649,788 | -3,523,684 | -3,109,618 | -3,418,757 | -3,018,222 | -4,026,731 | -2,763,931 | -2,424,095 | -2,727,028 | -2,781,149 | -2,449,787 | -2,663,249 | -2,446,219 | -2,093,436 | -2,055,743 | |
yoy | -399.17% | -106.60% | -59.44% | -93.32% | -103.59% | -2643.27% | -44.54% | 676.10% | 72.03% | 38.81% | 12.83% | 17.57% | 26.89% | 0.02% | -20.75% | 5.84% | 22.91% | -0.80% | 88.09% | 48.45% | 33.74% | 78.92% | 20.93% | -12.49% | 12.51% | 41.03% | 10.68% | 44.79% | 12.82% | -8.98% | 11.48% | 32.85% | 19.17% | |||||
qoq | -91.51% | 923.91% | -59.06% | -940.87% | -99.81% | -6394.03% | -93.26% | 352.71% | 32.44% | 37.26% | -5.69% | 0.35% | 6.87% | 11.57% | -1.73% | 8.30% | -15.76% | -11.61% | 31.24% | 25.77% | -32.01% | 67.60% | 3.58% | 13.32% | -9.04% | 13.27% | -25.05% | 45.69% | 14.02% | -11.11% | -1.95% | 13.53% | -8.02% | 8.87% | 16.85% | 1.83% | ||
other comprehensive income | ||||||||||||||||||||||||||||||||||||||
foreign currency translation gain | 172,057.25 | 688,229 | -26,985.25 | 65,701 | -57,335 | -116,307 | 111,346 | 4,427 | -93,605.5 | -303,725 | -153,602 | 82,905 | 222,895 | 86,491 | 165,501 | -381,985 | 29,304 | 34,933 | 22,437 | |||||||||||||||||||
comprehensive income | -1,200,070 | 1,089,364 | ||||||||||||||||||||||||||||||||||||
basic and diluted net income per share | ||||||||||||||||||||||||||||||||||||||
from continuing operations | -0.2 | 0.53 | -0.38 | -0.87 | 0.16 | |||||||||||||||||||||||||||||||||
from discontinued operations | -0.06 | -4.18 | 0.02 | -0.05 | ||||||||||||||||||||||||||||||||||
total basic and diluted net income per share | -0.26 | 0.1 | ||||||||||||||||||||||||||||||||||||
weighted-average number of common shares | ||||||||||||||||||||||||||||||||||||||
- basic and diluted | 4,564,479 | 968,114 | 3,877,695 | 3,872,587 | 3,866,733 | |||||||||||||||||||||||||||||||||
research and development | -33,088 | 52,093 | 64,502 | 119,789 | 218,291 | 184,221 | 178,394 | 122,917 | 307,902 | 220,598 | 208,292 | 167,189 | 633,209 | 580,346 | 431,373 | 500,620 | 701,731 | 458,462 | 635,655 | 568,762 | 435,929 | 446,582 | 813,449 | 663,481 | 795,167 | 804,758 | 880,822 | 977,817 | 854,525 | 860,903 | 936,317 | 720,022 | ||||||
asset impairment | 321,853.25 | 68,547 | 1,525,752 | |||||||||||||||||||||||||||||||||||
loss from continuing operations | 2,032,792 | -1,484,330 | -3,387,912 | |||||||||||||||||||||||||||||||||||
income from discontinued operations | -22,549.25 | 103,557 | 14,875 | |||||||||||||||||||||||||||||||||||
comprehensive loss | -14,137,812 | -1,380,773 | -3,373,037 | 214,660,186 | -3,338,630 | -50,571,576 | -11,274,555 | -8,291,234 | -6,276,315 | -6,397,400 | -6,481,641 | -5,996,166 | -5,711,482 | -5,567,848 | -5,142,886 | -6,080,846 | -6,995,377 | -5,155,843 | -4,078,852 | -5,894,000 | -3,563,297 | -3,358,183 | -3,491,603 | -3,338,179 | -3,057,114 | -3,941,943 | -2,676,380 | -2,671,179 | -2,642,317 | -2,866,960 | -2,561,905 | -2,633,945 | -2,411,286 | -2,070,999 | -2,070,029 | |||
total basic and diluted net loss per share | -3.65 | -0.36 | -0.87 | |||||||||||||||||||||||||||||||||||
gain on asset sales | -306,886 | |||||||||||||||||||||||||||||||||||||
revenues | ||||||||||||||||||||||||||||||||||||||
product revenues | 176,315.5 | 47,812 | 180,182 | 477,268 | 553,250 | 733,133 | 788,430 | 397,846 | 450,935 | 653,432 | 1,069,706 | 962,881 | 417,670 | 455,397 | 227,393 | 74,372 | 50,197 | 67,763 | 2,950 | 6,753 | 46,367 | 42,486 | 97,885 | 6,585 | 10,938 | 47,898 | 19,097 | 53,278 | ||||||||||
product costs | 1,635,609.25 | 425,057 | 1,641,083 | 4,476,297 | 3,835,477 | 4,096,040 | 3,790,878 | 3,559,240 | 3,586,819 | 3,518,296 | 3,250,106 | 3,275,690 | 3,072,818 | 4,311,003 | 1,847,596 | 1,554,655 | 30,151.25 | 38,992 | 81,613 | 5,762 | 8,874 | 47,287 | 16,232 | 50,777 | ||||||||||||||
long-lived asset impairment | 53,181,652 | 44,468,222 | 4,265,000 | |||||||||||||||||||||||||||||||||||
total other expense | -66,543 | -1,043,012 | -994,354 | -209,910 | -2,990 | |||||||||||||||||||||||||||||||||
total other comprehensive income | -26,985.25 | 65,701 | -57,335 | -116,307 | 111,346 | 4,427 | 73,134 | -271,355 | -31,806 | -31,160 | -12,725 | -130,538 | 74,894 | 80,039 | 222,895 | 86,491 | 165,501 | -381,985 | 80,578 | -38,892 | 84,788 | 87,551 | -247,084 | 84,711 | -85,811 | 29,304 | 34,933 | 22,437 | ||||||||||
basic and diluted net loss per share | -4.218 | -0.88 | -13.08 | -2.9 | -2.19 | -1.6 | -0.09 | -0.09 | -0.08 | -0.08 | -0.08 | -0.07 | -0.08 | -0.1 | -0.07 | -0.06 | -0.078 | -0.09 | -0.11 | -0.11 | -0.125 | -0.14 | -0.19 | -0.18 | -0.16 | -0.21 | -0.22 | -0.21 | -0.3 | -0.28 | -0.24 | -0.24 | ||||||
-basic and diluted | 964,660.5 | 3,865,778 | 3,860,487 | |||||||||||||||||||||||||||||||||||
other comprehensive income: | ||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares - | ||||||||||||||||||||||||||||||||||||||
basic and diluted | 3,873,797 | 3,860,454 | 3,849,248 | 3,844,239 | 3,846,622 | 71,344,025 | 71,169,277 | 71,068,515 | 71,070,196 | 71,068,671 | 71,004,454 | 69,428,061 | 71,025,738 | 71,021,141 | 64,550,920 | 38,911,054 | 32,097,992 | 27,116,754 | 21,604,072 | 21,313,055 | 15,687,681 | 12,848,376 | 12,787,761 | 11,940,874 | 8,895,094 | 8,892,213 | 8,400,795 | |||||||||||
other comprehensive loss: | ||||||||||||||||||||||||||||||||||||||
foreign currency translation loss | -5,607.25 | -138,202 | -112,118 | -14,286 | ||||||||||||||||||||||||||||||||||
unrealized gain on marketable securities | 10,025.25 | 32,370 | 121,796 | |||||||||||||||||||||||||||||||||||
total other comprehensive loss | -5,607.25 | -138,202 | -112,118 | -14,286 | ||||||||||||||||||||||||||||||||||
unrealized loss on marketable securities | -114,065 | |||||||||||||||||||||||||||||||||||||
foreign currency | 42,478 | -136,670 | 65,924 | |||||||||||||||||||||||||||||||||||
unrealized gains | 3,775.5 | 6,132 | 8,970 | |||||||||||||||||||||||||||||||||||
foreign currency translation income | 80,039 | 33,362 | -38,892 | 84,788 | 87,551 | -28,304.5 | 84,711 | -85,811 | ||||||||||||||||||||||||||||||
production costs | 3,441,323 | 1,355,939 | 1,041,316 | 841,434 | ||||||||||||||||||||||||||||||||||
gain on disposal of equipment | 2,137 | 8,548 | 1,488 | 10,585 | 1,160 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 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 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 |
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assets | ||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||
cash | 440,678 | |||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 158,352 | 266,862 | 519,027 | 3,115,868 | 1,207,023 | 292,018 | 1,089,013 | 798,545 | 1,262,582 | 1,700,273 | 3,718,087 | 3,375,949 | 2,290,836 | 2,133,583 | 4,041,029 | 4,447,399 | 1,695,159 | 1,536,484 | 1,197,830 | 1,285,168 | 470,961 | 358,692 | 820,193 | 696,455 | 364,700 | 391,162 | 391,561 | 555,946 | 261,176 | 315,969 | 315,383 | 394,594 | 156,973 | 527,322 | 245,242 | 352,772 | 264,228 | 72,983 |
current assets held for sale | 9,634,337 | 9,552,454 | 5,000 | 100,000 | 4,148,500 | 10,819,909 | ||||||||||||||||||||||||||||||||
total current assets | 10,233,367 | 10,320,611 | 1,475,461 | 3,945,437 | 6,721,851 | 11,342,289 | 37,342,571 | 36,737,831 | 4,327,136 | 11,637,745 | 22,427,577 | 48,571,845 | 77,443,586 | 106,048,732 | 133,153,900 | 154,609,571 | 182,245,790 | 193,025,163 | 200,231,734 | 207,979,292 | 213,476,868 | 97,681,907 | 42,741,063 | 13,264,991 | 17,031,276 | 4,477,153 | 7,367,611 | 11,289,848 | 8,200,192 | 3,510,617 | 1,513,556 | 4,109,977 | 7,352,236 | 1,389,894 | 5,274,385 | 8,596,440 | 25,941,082 | 3,573,001 |
right of use assets | 15,480 | 22,982 | 30,330 | 37,531 | 44,589 | 51,509 | 58,291 | 265,923 | 273,575 | 281,104 | 204,396 | 205,565 | 206,734 | 222,856 | 238,699 | 254,221 | 269,426 | 284,320 | 298,966 | 313,318 | 327,386 | 341,997 | 356,788 | 371,292 | 385,519 | 399,477 | 413,235 | 426,735 | 454,890 | |||||||||
total assets | 10,248,847 | 10,343,593 | 24,173,791 | 26,650,968 | 29,434,440 | 34,061,798 | 117,785,364 | 127,437,408 | 176,184,057 | 187,551,428 | 192,546,335 | 210,215,977 | 206,287,857 | 213,840,772 | 222,685,208 | 220,139,761 | 221,647,755 | 228,435,992 | 231,353,109 | 238,272,450 | 242,535,933 | 125,776,503 | 69,596,179 | 38,495,395 | 41,414,178 | 30,233,739 | 32,959,366 | 36,774,715 | 33,029,956 | 27,671,060 | 26,043,274 | 28,259,714 | 31,487,566 | 23,731,758 | 25,295,552 | 26,907,790 | 28,549,094 | 5,708,834 |
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 227,798 | 337,038 | 3,069,766 | 3,317,732 | 10,079,353 | 10,104,853 | 11,751,477 | 12,875,295 | 13,106,204 | 12,991,819 | 9,895,839 | 20,875,113 | 10,836,269 | 12,000,592 | 15,544,254 | 6,883,125 | 2,913,028 | 4,317,615 | 1,953,716 | 1,980,365 | 1,555,066 | 1,760,103 | 2,116,877 | 1,764,124 | 1,834,685 | 1,462,809 | 1,102,621 | 1,977,030 | 958,058 | 845,323 | 1,483,657 | 1,168,875 | 2,092,927 | 2,666,855 | 1,602,396 | 949,495 | 784,662 | 1,017,851 |
accrued employee compensation | 923,147 | 912,103 | 914,067 | 964,615 | 960,332 | 977,088 | 223,719 | 460,024 | 556,963 | 754,621 | 727,743 | 943,248 | 704,925 | 1,021,740 | 764,748 | 783,449 | 512,173 | 874,589 | ||||||||||||||||||||
other current liabilities | 15,480 | 22,982 | 30,330 | 29,710 | 29,110 | 28,527 | 59,930 | 31,831 | 106,112 | 30,863 | 4,540 | 4,586 | 4,631 | 20,830 | 36,706 | 52,260 | 67,497 | 66,269 | 65,072 | 63,902 | 62,765 | 62,483 | 62,939 | 62,286 | 61,315 | 68,432 | 84,253 | |||||||||||
current liabilities held for sale | 7,422,727 | 7,476,254 | 8,741 | 211,173 | 287,290 | 3,830,041 | ||||||||||||||||||||||||||||||||
total current liabilities | 8,589,152 | 8,748,377 | 11,933,588 | 13,029,222 | 12,448,726 | 16,201,548 | 12,384,438 | 18,697,274 | 16,793,854 | 14,572,603 | 11,384,681 | 24,229,094 | 13,923,606 | 15,430,393 | 17,055,305 | 8,407,224 | 4,150,526 | 5,885,838 | 2,638,340 | 2,545,820 | 1,996,622 | 2,082,525 | 2,332,005 | 1,968,248 | 2,048,354 | 1,688,250 | 1,313,005 | 2,184,736 | 1,132,511 | 916,936 | 1,543,293 | 1,227,252 | 2,152,187 | 2,716,649 | 1,657,619 | 1,002,584 | 802,911 | 1,035,764 |
long-term debt | 3,786,126 | 3,486,141 | 1,996,558 | 5,298,947 | 5,161,394 | 5,300,649 | 7,711,866 | 7,772,695 | 6,441,077 | 6,526,105 | 6,286,109 | 7,617,173 | 8,114,797 | 8,419,290 | 8,523,333 | 8,678,642 | 8,766,986 | 8,622,436 | 8,528,490 | 8,425,552 | 4,423,028 | 4,032,744 | 4,432,052 | 4,397,539 | 4,487,004 | 3,941,010 | 3,519,821 | 2,970,816 | 2,932,573 | 3,001,813 | 3,034,420 | 3,059,990 | 2,952,668 | 2,786,839 | 2,645,015 | |||
total liabilities | 12,375,278 | 12,234,518 | 11,933,588 | 13,037,043 | 12,464,205 | 18,221,088 | 17,713,714 | 24,092,760 | 22,336,739 | 22,534,710 | 19,357,232 | 30,871,150 | 20,651,814 | 21,919,729 | 24,876,874 | 16,727,586 | 12,776,550 | 14,633,229 | 11,558,084 | 11,570,632 | 10,893,290 | 10,901,342 | 11,063,731 | 6,713,004 | 6,418,095 | 6,473,110 | 6,079,283 | 7,056,247 | 5,473,456 | 4,436,757 | 4,514,109 | 4,159,825 | 5,154,000 | 5,751,069 | 4,717,609 | 3,955,252 | 3,589,750 | 3,680,779 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||
stockholders' deficit: | ||||||||||||||||||||||||||||||||||||||
common stock, 0.001 par value... | ||||||||||||||||||||||||||||||||||||||
5,147,204 and 3,877,695 shares issued and outstanding at march 31, 2026 | ||||||||||||||||||||||||||||||||||||||
and december 31, 2025, respectively | 5,147 | |||||||||||||||||||||||||||||||||||||
additional paid-in capital | 387,331,517 | 386,368,222 | 386,361,538 | 386,354,487 | 386,337,769 | 386,297,611 | 386,237,887 | 386,172,255 | 386,103,358 | 385,998,213 | 385,879,364 | 385,691,274 | 385,585,097 | 385,388,684 | 385,279,809 | 385,172,168 | 385,063,351 | 384,852,107 | 384,763,523 | 384,674,939 | 384,459,964 | 263,629,116 | 201,402,983 | 171,102,440 | 170,957,969 | 156,241,363 | 156,022,668 | 155,803,946 | 149,702,936 | 142,707,957 | 138,333,891 | 138,262,298 | 137,629,187 | 126,718,186 | 126,681,495 | 126,644,804 | 126,580,621 | 101,581,724 |
accumulated deficit | -389,463,095 | -388,263,025 | -374,125,213 | -372,744,440 | -369,371,403 | -369,772,538 | -285,656,698 | -282,252,367 | -231,738,126 | -220,579,878 | -212,154,904 | -206,016,791 | -199,508,045 | -193,021,977 | -186,952,677 | -181,512,550 | -175,976,508 | -170,864,782 | -164,796,661 | -157,931,822 | -152,701,085 | -148,542,194 | -142,425,299 | -138,775,511 | -135,251,827 | -132,142,209 | -128,723,452 | -125,705,230 | -121,678,498 | -118,914,567 | -116,490,472 | -113,763,444 | -110,982,295 | -108,532,508 | -105,869,259 | -103,423,040 | -101,329,604 | -99,273,861 |
total stockholders' deficit | -2,126,431 | |||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' deficit | 10,248,847 | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 501,295 | 951,434 | 729,569 | 1,366,328 | 230,362 | 500,434 | 728,339 | 2,592,467 | 8,203,869 | 16,767,070 | 42,842,280 | 72,776,543 | 101,638,557 | 127,008,620 | 118,888,889 | 75,509,793 | 88,454,988 | 118,179,653 | 132,345,351 | 210,899,434 | 95,751,160 | 38,989,366 | 10,021,394 | 14,749,746 | 2,798,744 | 6,412,921 | 10,400,795 | 7,630,376 | 2,990,196 | 1,030,671 | 3,518,806 | 6,839,389 | 492,861 | 4,717,821 | 7,991,382 | 25,472,604 | 3,324,609 | |
non-current assets held for sale | ||||||||||||||||||||||||||||||||||||||
current debt | 7,910,684 | 8,505,992 | 1,092,641 | 1,261,039 | 349,312 | 5,330,124 | 3,024,575 | 795,300 | 756,559 | 2,406,147 | 2,377,781 | 2,387,231 | 709,597 | 688,390 | 657,828 | 627,365 | 619,552 | 501,553 | 378,791 | 259,939 | 152,501 | 140,288 | 150,730 | 163,155 | 149,069 | 139,274 | 90,200 | 71,613 | 59,636 | 58,377 | 59,260 | 49,794 | 55,223 | 53,089 | 18,249 | 17,913 | ||
long-term lease obligations | 7,821 | 15,479 | 22,982 | 30,329 | 234,092 | 242,236 | 250,241 | 199,856 | 200,979 | 202,103 | 203,227 | 204,396 | 205,565 | 206,734 | 224,058 | 241,102 | 257,826 | 274,232 | 290,327 | 306,174 | 321,728 | 336,997 | 352,808 | 368,739 | 384,507 | 399,935 | ||||||||||||
stockholders' (deficit) equity: | ||||||||||||||||||||||||||||||||||||||
3,877,695 and 3,865,778 shares issued and outstanding at december 31, 2025 | ||||||||||||||||||||||||||||||||||||||
and 2024, respectively | 3,878 | |||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -688,229 | -513,405 | -579,106 | -521,771 | -405,464 | -539,204 | -401,002 | -512,348 | -516,775 | -589,909 | -318,554 | -286,748 | -255,588 | -242,863 | -112,325 | -187,219 | -267,258 | -490,153 | -576,644 | -742,145 | -360,160 | -440,738 | -401,846 | -486,635 | -574,186 | -327,102 | -411,813 | -326,002 | -213,884 | -243,188 | -278,121 | -300,558 | -286,272 | |||||
total stockholders' (deficit) equity | -1,890,925 | |||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' (deficit) equity | 10,343,593 | |||||||||||||||||||||||||||||||||||||
property, plant and equipment | 22,668,000 | 22,668,000 | 22,668,000 | 22,668,000 | 80,188,450 | 90,233,868 | 170,336,285 | 174,381,382 | 168,657,134 | 160,174,487 | 127,357,662 | 106,286,186 | 88,002,701 | 63,978,895 | 37,828,165 | 33,815,119 | 30,008,937 | 29,159,517 | 27,904,874 | 26,930,338 | 25,699,143 | 24,562,409 | 23,708,229 | 25,065,836 | 24,780,705 | 24,621,309 | 23,934,625 | 23,716,768 | 24,001,108 | 23,617,701 | 23,599,868 | 21,802,976 | 19,478,853 | 17,906,075 | 2,199,311 | 1,723,707 | ||
stockholders' equity: | ||||||||||||||||||||||||||||||||||||||
3,877,695 and 3,865,778 shares outstanding at september 30, 2025 and | ||||||||||||||||||||||||||||||||||||||
december 31, 2024, respectively | 3,878 | 3,878 | 3,869 | |||||||||||||||||||||||||||||||||||
total stockholders' equity | 12,240,203 | 13,613,925 | 16,970,235 | 15,840,710 | 100,071,650 | 103,344,648 | 153,847,318 | 165,016,718 | ||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 24,173,791 | 26,650,968 | 29,434,440 | 34,061,798 | 117,785,364 | 127,437,408 | 176,184,057 | 187,551,428 | ||||||||||||||||||||||||||||||
3,877,695 and 3,865,778 shares outstanding at june 30, 2025 and | ||||||||||||||||||||||||||||||||||||||
3,869,361 and 3,865,778 shares outstanding at march 31, 2025 and | ||||||||||||||||||||||||||||||||||||||
intangible assets | 194,158 | 197,584 | 201,010 | 204,436 | 207,861 | 211,287 | 214,713 | 218,139 | 221,565 | 224,991 | 228,417 | 231,842 | 235,268 | 238,694 | 242,120 | |||||||||||||||||||||||
restricted cash | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | |||||||||||||||||||||||
non-current liabilities held for sale | ||||||||||||||||||||||||||||||||||||||
3,865,778 and 3,847,022 shares outstanding at december 31, 2024 and | ||||||||||||||||||||||||||||||||||||||
2023, respectively | 3,866 | |||||||||||||||||||||||||||||||||||||
inventory | 466,270 | 124,916 | 472,087 | 1,733,603 | 1,942,420 | 2,353,616 | 2,376,207 | 2,276,592 | 2,104,251 | 1,918,395 | 1,675,682 | 1,259,910 | 1,222,223 | 2,655,098 | 2,106,473 | 1,525,377 | 2,869,470 | 2,489,773 | 1,833,957 | 1,232,049 | 477,077 | 210,345 | 159,131 | 76,109 | 72,640 | 82,429 | 125,293 | 172,363 | 78,499 | 78,275 | 101,046 | |||||||
assets held for sale | 35,286,854 | 35,086,031 | ||||||||||||||||||||||||||||||||||||
other assets | 1,894 | 2,202 | 46,051 | 46,761 | 49,367 | 52,793 | 65,162 | 64,859 | 68,343 | 72,083 | 75,957 | 79,548 | 78,204 | 81,629 | 84,685 | 76,715 | 50,213 | 44,306 | 33,331 | 32,024 | 45,001 | 80,583 | 80,583 | 80,583 | 162,093 | 162,093 | 162,093 | 162,093 | 162,093 | 21,628 | 21,628 | 21,628 | ||||||
3,865,778 and 3,847,022 shares outstanding at september 30, 2024 and | ||||||||||||||||||||||||||||||||||||||
december 31, 2023, respectively | 3,866 | 3,866 | 3,857 | |||||||||||||||||||||||||||||||||||
3,865,778 and 3,847,022 shares outstanding at june 30, 2024 and | ||||||||||||||||||||||||||||||||||||||
3,857,444 and 3,847,022 shares outstanding at march 31, 2024 and | ||||||||||||||||||||||||||||||||||||||
december 31, 2023 and 2022, respectively; 3,847,022 and 3,834,383 shares | ||||||||||||||||||||||||||||||||||||||
outstanding at december 31, 2023 and 2022, respectively | 3,847 | |||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||
september 30, 2023 and december 31, 2022, respectively; 3,846,772 and 3,834,383 | ||||||||||||||||||||||||||||||||||||||
shares outstanding at september 30, 2023 and december 31, 2022, respectively | 3,847 | |||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 173,189,103 | 179,344,827 | 185,636,043 | 191,921,043 | 197,808,334 | 203,412,175 | 208,871,205 | 213,802,763 | 219,795,025 | 226,701,818 | 231,642,643 | 114,875,161 | 58,532,448 | 31,782,391 | 34,996,083 | 23,760,629 | 26,880,083 | 29,718,468 | 27,556,500 | 23,234,303 | 21,529,165 | 24,099,889 | 26,333,566 | 17,980,689 | 20,577,943 | 22,952,538 | 24,959,344 | 2,028,055 | ||||||||||
total liabilities and stockholders’ equity | 192,546,335 | 210,215,977 | 206,287,857 | 213,840,772 | 222,685,208 | 220,139,761 | 221,647,755 | 228,435,992 | 231,353,109 | 238,272,450 | 242,535,933 | 125,776,503 | 69,596,179 | 38,495,395 | 41,414,178 | 30,233,739 | 32,959,366 | 36,774,715 | 33,029,956 | 27,671,060 | 26,043,274 | 28,259,714 | 31,487,566 | 23,731,758 | 25,295,552 | 26,907,790 | 28,549,094 | 5,708,834 | ||||||||||
and december 31, 2022; 71,345,649 and 71,110,713 shares outstanding at june 30, | ||||||||||||||||||||||||||||||||||||||
2023 and december 31, 2022, respectively | 71,346 | 71,339 | ||||||||||||||||||||||||||||||||||||
and december 31, 2022; 71,338,938 and 71,110,713 shares outstanding at march 31, | ||||||||||||||||||||||||||||||||||||||
marketable securities | 29,354,888 | 103,365,156 | 101,773,781 | 79,632,028 | 71,693,675 | |||||||||||||||||||||||||||||||||
december 31, 2022 and 2021, respectively; 71,110,713 and 71,025,738 shares | ||||||||||||||||||||||||||||||||||||||
outstanding at december 31, 2022 and 2021, respectively | 71,111 | |||||||||||||||||||||||||||||||||||||
september 30, 2022 and december 31, 2021, respectively; 71,110,713 and 71,025,738 | ||||||||||||||||||||||||||||||||||||||
shares outstanding at september 30, 2022 and december 31, 2021, respectively | 71,111 | |||||||||||||||||||||||||||||||||||||
june 30, 2022 and december 31, 2021, respectively; 71,110,713 and 71,025,738 shares | ||||||||||||||||||||||||||||||||||||||
outstanding at june 30, 2022 and december 31, 2021, respectively | 71,111 | |||||||||||||||||||||||||||||||||||||
december 31, 2021; 71,109,701 and 71,025,738 shares outstanding at march 31, 2022 | ||||||||||||||||||||||||||||||||||||||
and december 31, 2021, respectively | 71,110 | |||||||||||||||||||||||||||||||||||||
2020; 71,025,738 and 55,497,133 shares outstanding at december 31, 2021 and 2020, respectively | 71,026 | |||||||||||||||||||||||||||||||||||||
71,025,738 (2020: 55,497,133) shares outstanding | 71,026 | |||||||||||||||||||||||||||||||||||||
71,025,738 and 55,497,133 shares outstanding as of june 30, 2021 and december 31,2020, respectively | 71,026 | |||||||||||||||||||||||||||||||||||||
70,983,145 (2020: 55,497,133) shares outstanding | 70,983 | |||||||||||||||||||||||||||||||||||||
other receivables | 46,678 | 62,034 | 57,369 | 82,873 | 55,198 | 73,340 | 109,896 | 136,903 | 115,982 | 81,822 | 101,328 | 217,536 | 183,926 | 219,334 | 161,039 | 92,455 | 164,743 | |||||||||||||||||||||
definite lived intangible assets | 143,885 | |||||||||||||||||||||||||||||||||||||
indefinite lived intangible assets | 101,661 | |||||||||||||||||||||||||||||||||||||
55,497,133 (2019: 21,635,365) shares outstanding | 55,497 | |||||||||||||||||||||||||||||||||||||
definite-lived intangible assets | 147,311 | 150,736 | 154,162 | 157,588 | 161,014 | 164,440 | 167,866 | 171,292 | 174,717 | 178,143 | 181,569 | 184,995 | 188,421 | 191,847 | 195,273 | 198,698 | ||||||||||||||||||||||
indefinite-lived intangible assets | 101,661 | 101,661 | 101,661 | 101,661 | 191,800 | 191,800 | 191,800 | 191,800 | 191,800 | 191,800 | 191,800 | 191,800 | 191,800 | 191,800 | 191,800 | 191,800 | ||||||||||||||||||||||
current lease liabilities and other | 62,627 | 63,836 | ||||||||||||||||||||||||||||||||||||
44,916,926 (2019: 21,635,365) shares outstanding | 44,917 | |||||||||||||||||||||||||||||||||||||
32,105,684 (2019: 21,635,365) shares outstanding | 32,106 | |||||||||||||||||||||||||||||||||||||
32,085,684 (2019: 21,635,365) shares outstanding | 32,086 | |||||||||||||||||||||||||||||||||||||
21,635,365, (2018: 15,098,837) shares outstanding | 21,635 | |||||||||||||||||||||||||||||||||||||
certificate of deposit | 12,712 | 12,866 | 12,606 | 12,361 | 13,040 | 12,820 | 13,045 | 13,422 | 13,489 | 12,972 | 10,749 | 10,666 | ||||||||||||||||||||||||||
21,605,322 (2018: 15,098,837) shares outstanding | 21,605 | |||||||||||||||||||||||||||||||||||||
21,598,555 (2018: 15,098,837) shares outstanding | 21,598 | |||||||||||||||||||||||||||||||||||||
18,697,477 (2018: 15,098,837) shares outstanding | 18,697 | |||||||||||||||||||||||||||||||||||||
15,098,837, (2017: 8,895,094) shares outstanding | 15,099 | |||||||||||||||||||||||||||||||||||||
12,848,376 (2017: 8,895,094) shares outstanding | 12,848 | 12,848 | ||||||||||||||||||||||||||||||||||||
12,675,533 (2017: 8,895,094) shares outstanding | 12,676 | |||||||||||||||||||||||||||||||||||||
8,895,094 (2016: 6,463,936) shares outstanding | 8,895 | 8,895 | 8,895 | |||||||||||||||||||||||||||||||||||
8,885,009 (2016: 6,463,936) shares outstanding | 8,885 | |||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||
6,463,935 (2015: 5,247,604) shares outstanding | 6,464 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 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 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | |||||||||||||||||||||||||||||||||||||
net income | -1,200,070 | 401,135 | |||||||||||||||||||||||||||||||||||
adjustment to reconcile net loss to net cash from | |||||||||||||||||||||||||||||||||||||
operating activities: | |||||||||||||||||||||||||||||||||||||
share-based compensation | 5,014 | 6,684 | 7,051 | 16,727 | 40,161 | 59,724 | 65,632 | 68,906 | 105,155 | 118,849 | 120,591 | 106,184 | 196,641 | 108,874 | 107,641 | 107,280 | 211,328 | 88,584 | 88,584 | 87,354 | 129,715 | 52,727 | 74,720 | 103,891 | 205,353 | 218,725 | 196,736 | 318,218 | 138,498 | 71,714 | 71,593 | 71,543 | 48,546 | 36,691 | 36,691 | 36,691 | 12,061 |
loan forgiveness | 0 | 0 | 0 | -2,008,046 | |||||||||||||||||||||||||||||||||
paid in kind interest | 299,985 | ||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | 34,129 | 203,059 | 157,289 | 16,285 | -518,245 | 235,588 | 107,940 | 492,992 | 441,015 | 1,945,685 | -344,912 | -1,070,176 | -155,167 | 1,925,077 | 408,308 | -2,743,834 | -139,671 | -344,118 | 81,566 | -812,173 | -63,966 | 444,063 | -122,982 | -330,987 | -73,944 | 103,346 | 195,416 | -294,324 | 55,504 | 79,072 | 79,310 | -238,135 | 369,621 | -282,616 | -30,928 | -88,043 | -191,015 |
accounts payable and accrued liabilities | -170,269 | -2,127,407 | -352,724 | 568,555 | -259,975 | -96,051 | -356,291 | 731,069 | 335,835 | -208,710 | -590,335 | 564,211 | 184,232 | 367,349 | -2,074,589 | 1,712,284 | -6,949 | 223,439 | 160,393 | 121,366 | -274,486 | 126,016 | 86,261 | -59,676 | 339,818 | -576,668 | 668,728 | 253,509 | -311,931 | 128,359 | -274,933 | -508,423 | 496,846 | 167,619 | 248,895 | -287,597 | |
accrued employee compensation | 11,044 | -1,964 | -50,548 | 4,283 | -16,756 | 1,171,581 | -236,305 | -96,939 | -197,658 | 26,878 | -215,505 | 238,323 | -316,815 | 256,992 | -18,701 | 271,276 | -362,416 | ||||||||||||||||||||
net cash from operating activities | -1,020,167 | -3,178,269 | -1,651,340 | -1,548,321 | -2,361,726 | -1,163,120 | -4,001,489 | -4,325,690 | -4,372,677 | -5,773,251 | -6,216,708 | -6,104,733 | -6,141,553 | -3,053,939 | -6,696,483 | -5,929,994 | -5,326,414 | -5,360,967 | -4,653,459 | -5,939,439 | -4,518,394 | -3,703,364 | -3,612,169 | -4,038,578 | -2,934,710 | -2,960,571 | -3,082,011 | -3,073,485 | -2,132,680 | -2,347,505 | -2,134,882 | -2,867,301 | -2,467,077 | -2,425,138 | -2,278,600 | -1,893,018 | -2,504,022 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,722,459 | -1,229,728 | -1,208,183 | -1,335,096 | -1,051,542 | -897,146 | -691,351 | -491,978 | -899,214 | -469,181 | -456,436 | -634,430 | -336,129 | -1,005,129 | -2,034,048 | -1,658,080 | -1,041,258 | -15,736,703 | -457,223 |
free cash flows | -1,020,167 | -3,178,269 | -1,651,340 | -1,548,321 | -2,361,726 | -1,163,120 | -4,001,489 | -4,325,690 | -4,372,677 | -5,773,251 | -6,216,708 | -6,104,733 | -6,141,553 | -3,053,939 | -6,696,483 | -5,929,994 | -5,326,414 | -5,360,967 | -6,375,918 | -7,169,167 | -5,726,577 | -5,038,460 | -4,663,711 | -4,935,724 | -3,626,061 | -3,452,549 | -3,981,225 | -3,542,666 | -2,589,116 | -2,981,935 | -2,471,011 | -3,872,430 | -4,501,125 | -4,083,218 | -3,319,858 | -17,629,721 | -2,961,245 |
investing activities | |||||||||||||||||||||||||||||||||||||
proceeds from asset sales | 24,000 | 2,473,205 | 911,563 | 3,721,116 | 987,161 | ||||||||||||||||||||||||||||||||
net cash from investing activities | 24,000 | 2,473,205 | 911,563 | 3,721,116 | 774,133 | 8,683,232 | -724,848 | -1,169,203 | -2,632,950 | -19,669,592 | -23,655,009 | -22,935,252 | -22,593,331 | 14,976,966 | 49,434,003 | -7,467,583 | -23,720,189 | -9,666,944 | -72,932,373 | -1,219,193 | -1,693,296 | -1,056,166 | -908,299 | 419,350 | -645,365 | -899,202 | -460,646 | -456,423 | -727,956 | -336,116 | -984,557 | -2,032,875 | -1,810,802 | -1,041,258 | -15,736,703 | -457,223 | |
financing activities | |||||||||||||||||||||||||||||||||||||
repayment of term debt | -575,959 | -600,000 | 0 | -232,194 | -51,186 | -6,551,891 | -2,811,448 | -184,019 | -184,121 | -182,315 | -180,312 | -179,392 | -161,300 | -160,270 | -159,296 | -159,304 | -152,575 | -39,927 | -40,715 | -38,885 | -20,964 | -8,600 | -1,871 | -39,391 | -28,801 | -29,164 | -18,218 | -9,619 | -12,178 | -14,567 | -14,702 | -14,168 | -12,135 | -12,272 | -6,842 | -4,563 | |
proceeds from issuance of common stock and warrants | 959,550 | ||||||||||||||||||||||||||||||||||||
net cash from financing activities | 959,550 | 2,704,130 | -600,000 | 0 | -232,194 | 124,389 | -4,909,926 | 2,188,552 | -66,727 | -160,604 | -182,315 | -180,312 | 214,764 | 272,590 | -160,270 | -115,420 | -159,304 | -152,575 | 160,148 | 306,207 | 120,864,854 | 62,163,022 | 34,138,414 | 219,259 | 14,482,313 | -28,800 | -7,172 | 6,292,125 | 7,226,577 | 5,064,283 | -14,567 | 547,038 | 10,852,068 | -12,135 | -12,272 | 151,709 | 25,110,452 |
effect of exchange rate changes on cash and cash equivalents | 0 | 0 | -734 | -15,951 | 8,198 | 511 | 12,425 | 2,706 | -29,297 | -2,570 | -15,763 | -5,588 | 23,115 | 58,569 | -3,210 | -1,212 | |||||||||||||||||||||
net change in cash | -60,617 | ||||||||||||||||||||||||||||||||||||
cash at beginning of period | 501,295 | ||||||||||||||||||||||||||||||||||||
cash at end of period | 440,678 | ||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information and non-cash transactions: | |||||||||||||||||||||||||||||||||||||
interest paid in cash from discontinued operations | 145,701 | 1,813 | 16,903 | ||||||||||||||||||||||||||||||||||
property and equipment included in accounts payable and accrued liabilities | 718,279 | -7,290,262 | 9,137,864 | -272,110 | -945,980 | -1,040,775 | 11,464,684 | 3,370,903 | -10,381,973 | 9,466,039 | 9,216,027 | -3,930,927 | 10,737,905 | 2,251,328 | 1,507,514 | 2,719,593 | -182,072 | 306,427 | 82,068 | -493,744 | 279,109 | -19,649 | 257,884 | 90,729 | -303,267 | 343,615 | 79,193 | -319,119 | 182,361 | -646,072 | 976,208 | 563,957 | |||||
net loss | -14,137,812 | -1,380,773 | -84,115,840 | -3,404,331 | -50,514,241 | -11,158,248 | -8,424,974 | -6,138,113 | -6,508,746 | -6,486,068 | -6,069,300 | -5,440,127 | -5,536,042 | -5,111,726 | -6,068,121 | -6,864,839 | -5,230,737 | -4,158,891 | -6,116,895 | -3,649,788 | -3,523,684 | -3,109,618 | -3,418,757 | -3,018,222 | -4,026,732 | -2,763,931 | -2,424,095 | -2,727,028 | -2,781,149 | -2,449,787 | -2,663,249 | -2,446,219 | -2,093,436 | -2,055,743 | |||
depreciation and amortization | 35,844 | 145,775 | 146,973 | 575,544 | 550,971 | 540,784 | 534,750 | 531,726 | 523,402 | 513,089 | 497,729 | 490,563 | 479,502 | 450,220 | 435,657 | 422,185 | 412,335 | 380,668 | 353,734 | 347,859 | 357,426 | 351,880 | 291,288 | 285,308 | 285,669 | 284,072 | 206,196 | 67,450 | 47,717 | 45,660 | 44,696 | 46,873 | |||||
long-lived asset impairment | 13,153,000 | 68,547 | 81,093,181 | 0 | 44,468,222 | 4,265,000 | |||||||||||||||||||||||||||||||
other non-cash items | -273,829 | -5,564 | |||||||||||||||||||||||||||||||||||
inventory | 458,417 | -335,633 | 343,485 | 1,257,290 | 214,533 | 407,103 | 25,147 | -99,936 | -170,319 | -196,241 | -249,296 | -411,794 | -35,934 | 1,426,189 | -545,268 | -577,154 | 1,356,721 | -377,051 | -651,730 | -610,200 | -753,506 | -266,579 | -50,979 | -83,158 | -3,941 | 9,241 | 42,609 | 46,047 | -91,492 | -224 | 22,771 | -101,046 | |||||
purchases of and deposits on property, plant and equipment | -213,028 | -673,547 | -874,130 | -1,169,203 | -2,632,950 | -19,669,592 | -23,655,705 | -22,931,293 | -22,593,331 | ||||||||||||||||||||||||||||
proceeds from issuance of debt | 175,575 | 1,641,965 | 5,000,000 | 117,292 | 23,517 | 0 | 0 | 394,156 | 433,890 | 0 | 0 | 200,075 | 219,258 | 187,120 | 0 | 4,000,000 | 0 | 0 | 524,650 | 376,117 | 0 | 0 | 131,049 | 125,758 | |||||||||||||
net change in cash and cash equivalents | -450,139 | 221,865 | -4,728,352 | 11,951,002 | -3,626,538 | -3,987,874 | 2,770,419 | 4,640,180 | 1,959,525 | -2,488,135 | -3,320,583 | 6,346,528 | -4,224,960 | -3,273,561 | -17,481,222 | 22,147,995 | |||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 0 | 2,798,744 | 12,361 | 0 | 0 | 2,990,196 | 0 | 0 | 0 | 492,861 | 0 | 0 | 0 | 3,324,609 | |||||||||||||||||||||
cash and cash equivalents at end of period | -450,139 | 221,865 | |||||||||||||||||||||||||||||||||||
interest paid in cash from continuing operations | |||||||||||||||||||||||||||||||||||||
non-cash conversion of accounts payable to current debt | 0 | 0 | |||||||||||||||||||||||||||||||||||
adjustment to reconcile net income to net cash from | |||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash | 8,770 | -5,474 | 278 | -2,142 | -2,795 | 3,604 | -6,595 | 5,791 | 27 | 4,617 | -482 | -9,493 | 8,106 | 9,066 | -5,443 | 11,522 | 21,007 | ||||||||||||||||||||
net change in cash, cash equivalents and restricted cash | 1,135,966 | -270,072 | -227,905 | -2,864,128 | -5,611,402 | -8,563,201 | -26,075,210 | -29,934,263 | -28,862,014 | -25,370,063 | 8,119,731 | 43,379,096 | -12,945,195 | -29,224,665 | -14,165,698 | -78,554,083 | 115,148,274 | 56,761,794 | |||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 230,362 | 0 | 0 | 0 | 9,203,869 | 0 | 0 | 0 | 102,638,557 | 0 | 0 | 0 | 89,454,988 | 0 | 0 | 0 | 96,251,160 | 0 | |||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 1,366,328 | -270,072 | -227,905 | -2,864,128 | 3,592,467 | -8,563,201 | -26,075,210 | -29,934,263 | 73,776,543 | -25,370,063 | 8,119,731 | 43,379,096 | 76,509,793 | -29,224,665 | -14,165,698 | -78,554,083 | 211,399,434 | ||||||||||||||||||||
reconciliation of cash, cash equivalents and restricted cash reported | |||||||||||||||||||||||||||||||||||||
in the consolidated balance sheet: | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 1,366,328 | -270,072 | -227,905 | -1,864,128 | 2,592,467 | -8,563,201 | -26,075,210 | -29,934,263 | 72,776,543 | -25,370,063 | 8,119,731 | 43,379,096 | 75,509,793 | -29,724,665 | -14,165,698 | -78,554,083 | 210,899,434 | ||||||||||||||||||||
restricted cash | 1,000,000 | 0 | 0 | 0 | 1,000,000 | 0 | 0 | 0 | 1,000,000 | 500,000 | 0 | 0 | 500,000 | ||||||||||||||||||||||||
total cash, cash equivalents and restricted cash | 1,366,328 | -270,072 | -227,905 | -2,864,128 | 3,592,467 | -8,563,201 | -26,075,210 | -29,934,263 | 73,776,543 | -25,370,063 | 8,119,731 | 43,379,096 | 76,509,793 | -29,224,665 | -14,165,698 | -78,554,083 | 211,399,434 | ||||||||||||||||||||
other investing activities | 0 | 0 | 696 | -3,959 | 0 | 0 | 0 | 0 | 0 | -11,010 | -8,353 | -6,440 | -11,153 | -1,307 | 13 | ||||||||||||||||||||||
interest paid in cash | 1,030,949 | 956,129 | 205,173 | 104,641 | 60,067 | 61,991 | 62,439 | 64,896 | 68,176 | 70,453 | 71,037 | 74,461 | 75,062 | 75,848 | 73,685 | 67,618 | 30,217 | 13 | 17,045 | 17,505 | 17,933 | 14,212 | 13,338 | 6,403 | 5,169 | 5,283 | 5,402 | 5,407 | 5,597 | 5,253 | 5,280 | ||||||
other non-cash charge | 33,843 | 3,390 | 3,517 | 3,679 | 5,574 | 3,834 | 3,986 | 4,137 | 10,609 | 4,251 | 4,393 | 4,428 | 4,362 | 4,203 | |||||||||||||||||||||||
maturities of marketable securities | 0 | 29,387,258 | |||||||||||||||||||||||||||||||||||
purchases of marketable securities | 0 | 0 | -45,915,851 | -1,705,440 | -22,166,752 | -7,944,485 | |||||||||||||||||||||||||||||||
proceeds from the exercise of stock options and warrants | 0 | 0 | 0 | 0 | 127,664 | 1,596,182 | 21,992 | 0 | 250,424 | 0 | |||||||||||||||||||||||||||
proceeds from the issuance of common stock | 0 | 0 | 0 | 119,120,437 | 60,389,314 | 29,714,597 | 0 | 14,521,704 | 0 | 0 | 0 | 24,989,257 | |||||||||||||||||||||||||
purchases and deposits on property, plant and equipment | -24,710,561 | -5,762,143 | |||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information and | |||||||||||||||||||||||||||||||||||||
non-cash transactions: | |||||||||||||||||||||||||||||||||||||
purchases of property, plant and equipment | |||||||||||||||||||||||||||||||||||||
deposits on equipment purchases | |||||||||||||||||||||||||||||||||||||
proceeds from sale equipment | |||||||||||||||||||||||||||||||||||||
proceeds from legal settlement | 0 | 0 | 0 | 1,014,008 | |||||||||||||||||||||||||||||||||
payment of debt issuance costs | 0 | ||||||||||||||||||||||||||||||||||||
purchase of property, plant and equipment | -1,722,459 | -1,229,728 | -1,208,183 | -1,335,096 | -1,051,542 | -897,146 | -691,351 | -491,978 | -899,214 | -469,181 | -456,436 | -634,430 | -336,129 | -1,005,129 | -2,034,048 | -1,658,080 | -1,041,258 | -15,736,703 | -457,223 | ||||||||||||||||||
proceeds from sale of asset held for sale | 98,000 | ||||||||||||||||||||||||||||||||||||
gain on sale of equipment | |||||||||||||||||||||||||||||||||||||
loss on asset held for sale | |||||||||||||||||||||||||||||||||||||
impairment loss | |||||||||||||||||||||||||||||||||||||
other non-cash charges | 4,188 | ||||||||||||||||||||||||||||||||||||
other receivables | 17,481 | -3,548 | 29,274 | -33,978 | 19,122 | 35,426 | 28,864 | -18,410 | -41,141 | 19,571 | 117,153 | -39,371 | 31,906 | -51,199 | -64,592 | 72,445 | |||||||||||||||||||||
proceeds from sale of equipment | 0 | 1,816 | 7,300 | ||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options and warrants | |||||||||||||||||||||||||||||||||||||
acquisition of equipment under debt arrangement | -487 | -569 | -787 | 75,911 | |||||||||||||||||||||||||||||||||
gain on disposal of equipment | -3,585 | 0 | -1,488 | 0 | -10,585 | -1,160 | |||||||||||||||||||||||||||||||
effect of exchange rate changes on cash | |||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at the end of period | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents at the end of period | -4,728,352 | 14,749,746 | -3,614,177 | -3,987,874 | 2,770,419 | 7,630,376 | 1,959,525 | -2,488,135 | -3,320,583 | 6,839,389 | -4,224,960 | -3,273,561 | -17,481,222 | 25,472,604 | |||||||||||||||||||||||
accounts payable, accrued liabilities and other liabilities | |||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock and warrants | 0 | 0 | 5,785,693 | 6,609,655 | -2 | 0 | 0 | 10,616,048 | |||||||||||||||||||||||||||||
proceeds on sale of equipment | 13 | 20,572 | 1,173 | ||||||||||||||||||||||||||||||||||
non-cash interest and other expenses | |||||||||||||||||||||||||||||||||||||
payment of patent costs | |||||||||||||||||||||||||||||||||||||
proceeds from the issuance of convertible debt | |||||||||||||||||||||||||||||||||||||
conversion of convertible debt and accrued interest to common stock | |||||||||||||||||||||||||||||||||||||
proceeds from the exercise of stock warrants | 250,188 | ||||||||||||||||||||||||||||||||||||
non-cash interest expense | |||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | |||||||||||||||||||||||||||||||||||||
proceeds from the exercise of stock options | 0 | ||||||||||||||||||||||||||||||||||||
property and equipment included in accounts payable | |||||||||||||||||||||||||||||||||||||
acquisition of equipment through vendor payables | 54,297 | ||||||||||||||||||||||||||||||||||||
conversion of convertible debt and accrued interest to | |||||||||||||||||||||||||||||||||||||
common stock | |||||||||||||||||||||||||||||||||||||
acquisition of equipment through vendor payments |