eXp World Holdings, Inc(NASDAQ:EXPI)

eXp World Holdings, Inc. provides cloud-based real estate brokerage services for residential homeowners and homebuyers in the United States, Canada, the United Kingdom, Australia, South Africa, Portugal, France, Mexico, and India. The company facilitates buyers to search real-time property listings ...
Website: http://expworldholdings.com
Founded: 2008
Full Time Employees: 634
CEO: Jason Gesing
Sector: Real Estate
Industry: Real Estate Services
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At a glance:
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| 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 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-07-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 |
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revenues | 1,005,541,000 | 1,191,845,000 | 1,316,683,000 | 1,308,877,000 | 954,906,000 | 1,098,187,000 | 1,231,187,000 | 1,295,244,000 | 943,054,000 | 983,049,000 | 1,214,513,000 | 1,232,927,000 | 850,616,000 | 933,395,000 | 1,238,975,000 | 1,415,060,000 | 1,010,731,000 | 1,076,970,000 | 1,110,480,000 | 999,887,000 | 583,833,000 | 609,322,000 | 564,017,000 | 353,525,000 | 271,421,000 | 157,033,632 | 150,406,272 | 157,236,070 | 130,542,808 | 61,962,531 | ||||||||||||||||||||||||||||||||||
yoy | 5.30% | 8.53% | 6.94% | 1.05% | 1.26% | 11.71% | 1.37% | 5.05% | 10.87% | 5.32% | -1.97% | -12.87% | -15.84% | -13.33% | 11.57% | 41.52% | 73.12% | 76.75% | 96.89% | 182.83% | 115.10% | 72.84% | 153.43% | |||||||||||||||||||||||||||||||||||||||||
qoq | -15.63% | -9.48% | 0.60% | 37.07% | -13.05% | -10.80% | -4.95% | 37.35% | -4.07% | -19.06% | -1.49% | 44.95% | -8.87% | -24.66% | -12.44% | 40.00% | -6.15% | -3.02% | 11.06% | 71.26% | -4.18% | 8.03% | 59.54% | 30.25% | 4.41% | -4.34% | 20.45% | 110.68% | ||||||||||||||||||||||||||||||||||||
commissions and other agent-related costs | 930,194,000 | 1,113,260,000 | 1,230,479,000 | 1,216,223,000 | 878,771,000 | 1,019,328,000 | 1,143,535,000 | 1,197,668,000 | 864,746,000 | 912,196,000 | 1,130,888,000 | 1,136,411,000 | 777,559,000 | 850,332,000 | 1,145,853,000 | 1,307,810,000 | 927,267,000 | 993,885,000 | 1,030,937,000 | 919,970,000 | 530,347,000 | 558,935,000 | 517,169,000 | 319,164,000 | 243,406,000 | 249,612,194 | 259,140,641 | 244,586,510 | 142,542,405 | |||||||||||||||||||||||||||||||||||
gross profit | 75,347,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross margin % | 7.49% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | NaN% | NaN% | NaN% | 0% | 0% | 0% | 0% | 0% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | |
operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses | 64,213,000 | 71,583,000 | 62,341,000 | 74,076,000 | 66,871,000 | 67,237,000 | 61,390,000 | 61,160,000 | 62,582,000 | 86,277,000 | 78,568,000 | 82,541,000 | 71,767,000 | 89,959,000 | 89,460,000 | 91,391,000 | 75,322,000 | 78,063,000 | 64,615,000 | 60,721,000 | 46,300,000 | 40,656,000 | 30,130,000 | 25,155,000 | 26,860,000 | |||||||||||||||||||||||||||||||||||||||
technology and development expenses | 17,595,000 | 17,408,000 | 17,312,000 | 18,093,000 | 16,805,000 | 14,769,000 | 13,804,000 | 14,848,000 | 14,761,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales and marketing expenses | 2,327,000 | 2,324,000 | 2,535,000 | 2,861,000 | 2,835,000 | 2,946,000 | 2,792,000 | 3,031,000 | 3,139,000 | 3,121,000 | 3,194,000 | 2,878,000 | 2,963,000 | 3,813,000 | 3,636,000 | 4,210,000 | 3,700,000 | 3,479,000 | 3,761,000 | 2,683,000 | 2,257,000 | 1,897,000 | 1,495,000 | 887,000 | 944,000 | |||||||||||||||||||||||||||||||||||||||
total operating expenses | 84,135,000 | -3,234,158,000 | 1,312,667,000 | 1,311,253,000 | 965,282,000 | 1,109,210,000 | 1,239,521,000 | 1,276,707,000 | 961,228,000 | 1,010,797,000 | 1,212,650,000 | 1,221,830,000 | 852,289,000 | 944,104,000 | 1,238,949,000 | 1,403,411,000 | 1,006,289,000 | 1,075,427,000 | 1,099,313,000 | 983,374,000 | 578,904,000 | 601,488,000 | 548,794,000 | 345,206,000 | 271,210,000 | 163,132,027 | 9,411.25 | 14,100 | 11,133 | 12,412 | 6,929 | 4,235 | 12,014 | 10,540 | 7,794 | 5,899 | 22,288 | 14,210 | ||||||||||||||||||||||||||
operating income | -8,788,000 | -12,730,000 | 4,016,000 | -2,376,000 | -10,376,000 | -11,023,000 | -8,334,000 | 18,537,000 | -18,174,000 | -27,748,000 | 1,863,000 | 11,097,000 | -1,673,000 | -10,709,000 | 26,000 | 11,649,000 | 4,442,000 | 1,543,000 | 11,167,000 | 16,513,000 | 4,929,000 | 7,834,000 | 15,223,000 | 8,319,000 | 211,000 | 1,119,595 | -1,642,255 | -2,157,029 | ||||||||||||||||||||||||||||||||||||
yoy | -15.30% | 15.49% | -148.19% | -112.82% | -42.91% | -60.27% | -547.34% | 67.05% | 986.31% | 159.11% | 7065.38% | -4.74% | -137.66% | -794.04% | -99.77% | -29.46% | -9.88% | -80.30% | -26.64% | 98.50% | 2236.02% | 599.72% | -1026.96% | -485.67% | ||||||||||||||||||||||||||||||||||||||||
qoq | -30.97% | -416.98% | -269.02% | -77.10% | -5.87% | 32.27% | -144.96% | -202.00% | -34.50% | -1589.43% | -83.21% | -763.30% | -84.38% | -41288.46% | -99.78% | 162.25% | 187.88% | -86.18% | -32.37% | 235.02% | -37.08% | -48.54% | 82.99% | 3842.65% | -81.15% | -168.17% | -23.86% | |||||||||||||||||||||||||||||||||||||
operating margin % | -0.87% | -1.07% | 0.31% | -0.18% | -1.09% | -1.00% | -0.68% | 1.43% | -1.93% | -2.82% | 0.15% | 0.90% | -0.20% | -1.15% | 0.00% | 0.82% | 0.44% | 0.14% | 1.01% | 1.65% | 0.84% | 1.29% | 2.70% | 2.35% | 0.08% | Infinity% | -Infinity% | -Infinity% | 0% | 0% | 0% | 0% | 0% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | |
other expense | -268,000 | 798,000 | -608,000 | -760,000 | -707,000 | -801,000 | -1,749,000 | -1,527,000 | -708,000 | -1,299,000 | -880,000 | -1,198,000 | -78,000 | 62,000 | 410,000 | 133,000 | 239,000 | 54,000 | -134,000 | 4,000 | 80,000 | 11,000 | 38,000 | |||||||||||||||||||||||||||||||||||||||||
equity in losses of unconsolidated affiliates | 130,000 | -41,000 | 195,000 | 207,000 | 364,000 | 281,000 | 374,000 | 149,000 | 549,000 | 354,000 | 143,000 | 342,000 | 411,000 | 329,000 | 567,000 | 317,000 | 183,000 | -2,000 | 1,000 | 6,000 | 17,000 | 12,000 | 21,000 | |||||||||||||||||||||||||||||||||||||||||
income before income tax expense | -8,650,000 | -13,487,000 | 4,429,000 | -1,823,000 | -9,353,000 | -10,680,000 | -7,814,000 | 19,912,000 | -17,135,000 | -26,770,000 | 2,217,000 | 12,253,000 | -1,135,000 | -9,922,000 | -225,000 | 11,020,000 | 3,715,000 | 1,227,000 | 10,930,000 | 16,458,000 | 5,057,000 | 7,813,000 | 15,143,000 | 8,296,000 | 152,000 | -4,991,074 | -613,844 | 1,510,964 | -4,991,074 | 1,826 | 49,511 | 38,931 | ||||||||||||||||||||||||||||||||
income tax expense | -3,552,000 | -591,000 | 932,000 | 468,000 | -2,437,000 | -1,333,000 | 8,146,000 | -5,573,000 | 868,000 | 2,831,000 | 1,661,000 | -5,149,000 | -14,229,000 | -12,884,000 | -20,585,000 | 211,000 | 118,000 | 225,000 | 61,000 | 11,000 | -48,455 | -162,697 | -25,625 | -7,455 | -14,270 | -30,450 | -45,619 | -3,277 | -23,747 | -24,591 | -9,513 | -1,244 | -7,080 | -11,603 | -2,348 | -500 | 12,906 | |||||||||||||||||||||||||||
net income | -5,098,000 | -12,896,000 | 3,497,000 | -2,291,000 | -11,024,000 | 11,740,733 | -8,506,000 | 12,383,000 | -15,639,000 | -21,197,000 | 1,349,000 | 9,422,000 | 1,453,000 | -7,201,000 | 4,402,000 | 9,359,000 | 8,864,000 | 15,456,000 | 23,814,000 | 37,043,000 | 4,846,000 | 7,695,000 | 14,918,000 | 8,235,000 | 141,000 | 782,307 | -1,847,363 | -2,195,741 | -6,295,823 | -5,219,182 | -4,628,171 | -1,886,658 | -10,696,345 | -17,514,305 | -7,780,570 | 3,230,209 | -69,729 | -4,749,489 | 1,509,720 | -4,998,154 | -625,447 | 1,509,720 | -4,998,154 | -16,817 | 47,163 | 38,431 | -115,919 | -642,974 | -11,133 | -12,412 | -6,929 | -4,235 | -7,794 | -5,899 | -22,288 | -14,210 | ||||||||
yoy | -53.76% | -209.84% | -141.11% | -118.50% | -29.51% | -155.39% | -730.54% | 31.43% | -1176.32% | 194.36% | -69.35% | 0.67% | -83.61% | -146.59% | -81.52% | -74.73% | 82.91% | 100.86% | 59.63% | 349.82% | 3336.88% | 883.63% | -907.53% | -475.04% | -102.24% | -114.99% | -60.08% | 16.38% | -41.14% | -70.20% | -40.52% | -158.41% | 15239.88% | 268.76% | -615.37% | -164.63% | -88.85% | 0.00% | 0.00% | 3619.14% | 3101.07% | -13105.53% | -85.49% | -107.34% | 5675.39% | -11.10% | -28.21% | |||||||||||||||||
qoq | -60.47% | -468.77% | -252.64% | -79.22% | -193.90% | -238.03% | -168.69% | -179.18% | -26.22% | -1671.31% | -85.68% | 548.45% | -120.18% | -263.58% | -52.97% | 5.58% | -42.65% | -35.10% | -35.71% | 664.40% | -37.02% | -48.42% | 81.15% | 5740.43% | -81.98% | -142.35% | -15.87% | -65.12% | 20.63% | 12.77% | 145.31% | -82.36% | -38.93% | 125.10% | -340.87% | -4732.52% | -98.53% | -414.59% | -130.21% | 699.13% | -130.21% | 29620.84% | 22.72% | -133.15% | -10.30% | 79.13% | 63.61% | 32.12% | -73.53% | 56.85% | ||||||||||||||
net income margin % | -0.51% | -1.08% | 0.27% | -0.18% | -1.15% | 1.07% | -0.69% | 0.96% | -1.66% | -2.16% | 0.11% | 0.76% | 0.17% | -0.77% | 0.36% | 0.66% | 0.88% | 1.44% | 2.14% | 3.70% | 0.83% | 1.26% | 2.64% | 2.33% | 0.05% | Infinity% | -Infinity% | -Infinity% | -4.01% | -3.47% | -2.94% | -1.45% | -17.26% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | NaN% | Infinity% | -Infinity% | -Infinity% | NaN% | Infinity% | Infinity% | -Infinity% | NaN% | -Infinity% | NaN% | NaN% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% | NaN% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | |
earnings per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic, net income | -0.03 | -0.08 | 0.02 | -0.01 | -0.07 | -0.06 | -0.06 | 0.08 | -0.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted, net income | -0.03 | -0.08 | 0.02 | -0.01 | -0.07 | -0.06 | -0.06 | 0.08 | -0.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding | 40,086,000 | 40,086,000 | 40,086,000 | 40,086,000 | 40,086,000 | 40,086,000 | 40,086,000 | 40,086,000 | 40,086,000 | 40,086,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 162,017,200 | 156,879,412 | 157,101,785 | 156,091,692 | 154,738,167 | 153,684,907 | 153,259,842 | 153,580,879 | 154,740,334 | 153,232,129 | 153,392,005 | 153,249,120 | 152,546,766 | 151,036,110 | 151,826,315 | 150,783,418 | 149,226,166 | 146,170,871 | 146,862,978 | 145,584,495 | 144,354,991 | 138,572,358 | 69,256,733 | 67,756 | 65,890 | 62,585,555 | 63,197,495 | 61,526,466 | 60,749,378 | 57,689,920 | 58,360,233 | 56,877,099 | 56,193,753 | 53,194,928 | 53,335,822 | 52,749,086 | 52,416,392 | 51,081,949 | 49,714,285 | 49,182,952 | 50,617,769 | 49,409,266 | 49,714,285 | 48,068,047 | ||||||||||||||||||||
diluted | 162,017,200 | 156,879,412 | 160,767,662 | 156,091,692 | 154,738,167 | 153,684,907 | 153,259,842 | 155,984,147 | 154,740,334 | 153,232,129 | 158,183,888 | 156,693,959 | 155,668,712 | 156,220,165 | 155,915,307 | 155,816,038 | 156,842,721 | 157,729,374 | 157,345,924 | 157,288,672 | 158,722,126 | 151,550,075 | 75,653,407 | 72,661 | 71,593 | 62,585,555 | 63,197,495 | 61,526,466 | 60,749,378 | 57,689,920 | 58,360,233 | 56,877,099 | 56,193,753 | 53,194,928 | 53,335,822 | 59,640,200 | 52,416,392 | 51,081,949 | 51,163,219 | 49,182,952 | 50,617,769 | 49,409,266 | 51,163,219 | 51,735,865 | ||||||||||||||||||||
comprehensive income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation gain, net of tax | -1,874 | 2,258 | -390 | 2,739 | 313 | -2,536 | 915 | -898 | -889 | -84 | -527 | 64 | 643 | 1,710 | -521 | -1,182 | 41 | 1 | -131 | 24 | 47 | 176 | -76 | 244 | -297 | |||||||||||||||||||||||||||||||||||||||
comprehensive income | -6,972 | -10,638 | 3,107 | 448 | -5,003,204 | 47,189 | 39,380 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
litigation contingency | 18,000,000 | 16,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other (income) | -497,250 | -413,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations | -12,896,000 | 3,497,000 | -2,291,000 | -11,024,000 | -8,243,000 | -6,481,000 | 11,766,000 | -13,830,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from discontinued operations | 617,000 | -1,809,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic, net income from continuing operations | -0.08 | 0.02 | -0.01 | -0.07 | -0.05 | -0.04 | 0.08 | -0.09 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic, net income from discontinued operations | -0.01 | -0.01 | -0.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted, net income from continuing operations | -0.08 | 0.02 | -0.01 | -0.07 | -0.05 | -0.04 | 0.08 | -0.09 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted, net income from discontinued operations | -0.01 | -0.01 | -0.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other expense | -553,000 | -343,000 | -520,000 | -1,375,000 | -978,000 | -354,000 | -1,156,000 | -538,000 | -787,000 | 251,000 | 629,000 | 727,000 | 316,000 | 237,000 | 55,000 | -128,000 | 21,000 | 80,000 | 23,000 | 59,000 | ||||||||||||||||||||||||||||||||||||||||||||
other income | -943,000 | -1,188,000 | 622,010 | -256,511 | -37,212 | 1 | 319 | 2,897 | 7 | 319 | 2,897 | 3,686 | 576 | 1,598 | 2,614 | |||||||||||||||||||||||||||||||||||||||||||||||||
equity in (income) losses of unconsolidated affiliates | -80,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | -1,023,000 | 479,418 | -172,875 | 9,743 | 117 | 2,433 | 3,225 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax (benefit) expense | 1,671,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive | -10,711 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss from discontinued operations | -804,250 | -2,025,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income attributable to exp world holdings, inc. | -12,041 | -7,591 | 11,485 | -16,528 | -21,281 | 822 | 9,486 | 2,096 | -5,491 | 3,881 | 8,177 | 8,923 | 15,504 | 23,690 | 37,074 | 4,893 | 7,897 | 14,894 | ||||||||||||||||||||||||||||||||||||||||||||||
total income | -1,039,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -3,305,000 | -2,588,000 | -2,028,750 | -4,627,000 | -60,846.25 | -32,233 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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net income attributable to noncontrolling interest | 18,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to exp world holdings, inc. | -21,197,000 | 1,349,000 | 9,422,000 | 1,453,000 | -7,201,000 | 4,402,000 | 9,359,000 | 8,882,000 | 15,503,000 | 23,821,000 | 37,050,000 | 4,846,000 | 7,721,000 | 14,970,000 | 8,275,000 | 165,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | -0.14 | 0.01 | 0.06 | 0.01 | -0.05 | 0.03 | 0.06 | 0.06 | 0.11 | 0.16 | 0.25 | 0.03 | -0.13 | 0.22 | 0.12 | |||||||||||||||||||||||||||||||||||||||||||||||||
diluted | -0.14 | 0.01 | 0.06 | 0.01 | -0.04 | 0.03 | 0.06 | 0.06 | 0.09 | 0.15 | 0.24 | 0.03 | -0.11 | 0.2 | 0.11 | |||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive loss attributable to noncontrolling interests | 18 | 47 | 7 | 7 | 26 | 52 | 40 | 24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to noncontrolling interest | 47,000 | 7,000 | 7,000 | 26,000 | 52,000 | 40,000 | 24,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income attributable to exp world holdings inc. | 8,519 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive loss attributable to exp world holdings inc. | -132 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenue | 176,479,479 | 282,179,339 | 266,704,945 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative | 22,532,427 | 23,597,497 | 23,204,363 | 19,700,772 | 14,171,216 | 14,769,707 | 12,988,835 | 15,688,748 | 20,988,472 | 11,987,268 | 600,420 | 2,109,352 | 6,436,078 | -661,707 | 5,669,105 | 1,425,158 | -661,707 | 5,669,105 | 449,936 | 509,692 | 468,398 | 386,840 | 893,045 | 30,083 | 790 | 1,420 | 5,120 | 1,188 | 5,566 | 2,214 | 693 | 896 | 897 | 14,072 | 52 | |||||||||||||||||||||||||||||
sales and marketing | 755,109 | 1,083,456 | 1,071,101 | 888,850 | 830,974 | 774,479 | 710,368 | 645,797 | 541,544 | 380,452 | 348,823 | 301,222 | 212,448 | 77,011 | 43,006 | 77,143 | 77,011 | 43,006 | 46,357 | 19,825 | 15,502 | 14,448 | 21,497 | |||||||||||||||||||||||||||||||||||||||||
total expenses | 272,899,730 | 283,821,594 | 268,861,974 | 155,622,401 | 161,866,173 | 132,415,196 | 72,628,426 | 63,881,941 | 55,883,004 | 36,316,593 | 22,054,660 | 22,737,322 | 5,908,256 | 10,578,470 | 7,756,663 | 5,908,256 | 10,578,470 | 3,450,640 | 3,827,889 | 3,512,213 | 2,502,137 | 3,725,008 | ||||||||||||||||||||||||||||||||||||||||||
interest income | 44,209 | 83,636 | 46,955 | 46,245 | 43,768 | 9,387 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss before income tax expense | -2,523,885.5 | -1,815,130 | -2,147,286 | -6,133,126 | -5,193,557 | -4,620,716 | -1,872,388 | -10,665,895 | -115,919 | -655,880 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | 0.03 | -0.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 0.02 | -0.03 | -0.04 | -0.1 | -0.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 0.02 | -0.03 | -0.04 | -0.1 | -0.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss from operations | -6,098,395 | -5,216,129 | -4,630,103 | -1,872,388 | -10,665,895 | -17,468,714 | -7,777,235 | -4,993,507 | -613,851 | -4,993,507 | -1,399 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other income and | -80,976 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income and | -34,731 | 22,572 | 9,387 | 28 | -58 | -3,762 | -1,715 | -369 | 117 | 2,433 | 7 | 111 | 1,133 | 2,149 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | 0.03 | -0.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic from continuing operations | -0.1 | -0.09 | -0.08 | -0.03 | -0.19 | -0.33 | -0.15 | 0.06 | -0.09 | 0.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted from continuing operations | -0.1 | -0.09 | -0.08 | -0.03 | -0.19 | -0.33 | -0.15 | 0.05 | -0.09 | 0.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of revenues | 79,890,248 | 145,740,264 | 118,119,212 | 55,701,516 | 41,983,904 | 43,291,473 | 35,048,967 | 19,279,626 | 15,857,969 | 6,354,951 | 4,767,527 | 6,110,987 | 6,354,951 | 4,767,527 | 2,877,744 | 3,225,542 | 2,978,108 | 2,021,207 | 2,615,845 | |||||||||||||||||||||||||||||||||||||||||||||
professional fees | 465,367 | 581,723 | 596,781 | 592,365 | 368,021 | 223,811 | 318,383 | 364,460 | 230,827 | 138,001 | 98,832 | 143,375 | 138,001 | 98,832 | 76,603 | 72,830 | 50,205 | 79,642 | 194,621 | 143,851 | 13,310 | 9,713 | 7,292 | 5,741 | -1,331 | 9,800 | 9,847 | 6,898 | 5,002 | 8,216 | 14,158 | |||||||||||||||||||||||||||||||||
interest expense | 28 | -58 | -3,762 | -1,715 | -202 | -464 | -202 | -464 | -461 | -465 | -465 | -465 | -464 | |||||||||||||||||||||||||||||||||||||||||||||||||||
net revenues | 46,413,227 | 48,105,769 | 39,574,311 | 22,011,237 | 17,997,715 | 7,419,103 | 5,584,963 | 7,142,812 | 7,419,103 | 5,584,963 | 3,449,241 | 3,877,289 | 3,550,011 | 2,384,069 | 3,069,592 | |||||||||||||||||||||||||||||||||||||||||||||||||
loss from before income tax expense | -17,468,686 | -7,777,293 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to non-controlling interest in subsidiary | 8,888 | 7,388 | 5,580 | 7,388 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common shareholders | -17,514,305 | -7,750,570 | -4,998,154 | -619,867 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from operations | 3,257,718 | -43,423 | -4,739,607 | 1,510,847 | 1,510,847 | 49,400 | 37,798 | -118,068 | -655,416 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from before income tax expense | 3,253,956 | -45,138 | -4,739,976 | 1,510,964 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common shareholders | 3,230,209 | -69,729 | -4,740,601 | 1,517,108 | 1,517,108 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax | -1,244 | -7,080 | -18,643 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share attributable to common shareholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding - basic and diluted | 49,182,952 | 48,727,385 | 48,014,970 | 47,874,503 | 1,008,541,794 | 1,192,717,006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income, net of tax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation gain | -5,050 | 26 | 949 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive (loss), net of tax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation loss | -7,870 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive loss | -24,687 | -116,926 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding - basic and diluted | 48,073,436 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation | -1,007 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other expenses | -464 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
website development costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss per share – basic and diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding | 40,086,000 | 40,086,000 | 40,086,000 | 40,086,000 | 40,086,000 | 40,086,000 | 40,086,000 | 40,086,000 | 40,086,000 | 40,086,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted average shares outstanding | 40,086,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 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 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 122,149,000 | 112,761,000 | 94,551,000 | 115,655,000 | 113,607,000 | 130,432,000 | 108,395,000 | 109,169,000 | 126,864,000 | 120,141,000 | 124,714,000 | 122,769,000 | 121,594,000 | 134,545,000 | 134,898,000 | 130,092,000 | 108,237,000 | 98,064,000 | 107,413,000 | 104,392,000 | 100,143,000 | 91,871,000 | 63,551,000 | 44,279,000 | 40,087,372 | 34,736,287 | 31,523,012 | 20,771,971 | 20,538,057 | 22,093,710 | 15,567,430 | 8,340,851 | 4,672,034 | 3,347,910 | 1,564,220 | 1,790,640 | 1,684,608 | 944,096 | 886,193 | 424,501 | 571,814 | 448,904 | 288,294 | 197,623 | 353,374 | 268,703 | 205,599 | 100,954 | 100,056 | 225,513 | 40,554 | ||||||
restricted cash | 68,210,000 | 73,620,000 | 90,383,000 | 66,569,000 | 54,981,000 | 65,308,000 | 85,126,000 | 74,735,000 | 44,020,000 | 54,000,000 | 88,560,000 | 55,365,000 | 37,789,000 | 52,652,000 | 105,883,000 | 116,939,000 | 67,673,000 | 69,406,000 | 93,762,000 | 66,105,000 | 27,781,000 | 22,115,000 | 17,405,000 | 9,829,000 | 6,987,076 | 7,913,156 | 6,165,740 | 4,193,802 | 2,502,591 | 2,717,187 | 2,894,294 | 1,770,599 | 923,193 | 1,134,109 | 1,116,117 | 786,246 | 481,704 | 533,374 | 349,117 | 244,460 | 148,613 | 399,536 | 209,534 | 206,351 | 141,508 | 57,404 | 76,804 | 55,075 | 38,198 | 81,333 | |||||||
accounts receivable | 123,176,000 | 123,766,000 | 146,193,000 | 104,045,000 | 87,692,000 | 105,148,000 | 133,896,000 | 105,325,000 | 85,969,000 | 113,344,000 | 134,998,000 | 99,860,000 | 87,262,000 | 119,822,000 | 154,997,000 | 142,963,000 | 133,489,000 | 129,843,000 | 134,250,000 | 88,475,000 | 76,951,000 | 93,482,000 | 52,543,000 | 34,580,000 | 28,195,798 | 36,039,325 | 50,788,908 | 29,693,641 | 17,428,091 | 21,183,291 | 22,974,140 | 9,110,304 | 6,912,657 | 7,549,469 | 8,442,372 | 3,335,924 | 3,015,767 | 1,333,674 | 1,021,061 | 526,738 | 341,643 | 501,249 | 284,178 | 252,790 | 183,026 | 257,418 | 194,229 | 135,283 | 99,640 | 119,355 | |||||||
prepaids and other assets | 15,142,000 | 13,001,000 | 13,830,000 | 14,655,000 | 11,692,000 | 7,709,000 | 7,082,000 | 9,517,000 | 9,622,000 | 12,325,000 | 8,101,000 | 12,253,000 | 8,468,000 | 13,167,000 | 7,822,000 | 9,348,000 | 9,916,000 | 8,828,000 | 11,707,000 | 7,791,000 | 7,350,000 | 3,056,000 | 3,302,000 | 3,997,000 | 3,548,774 | 2,603,315 | 1,914,258 | 1,792,756 | 1,857,988 | 757,540 | 679,465 | 682,995 | 591,034 | 587,904 | 434,342 | 550,871 | 383,563 | 404,565 | 190,815 | 202,941 | 84,451 | 153,845 | 130,300 | 163,269 | 74,673 | 65,402 | 83,132 | 78,727 | 39,793 | 16,872 | 96 | ||||||
total current assets | 328,677,000 | 323,148,000 | 344,957,000 | 300,924,000 | 267,972,000 | 309,585,000 | 335,567,000 | 300,377,000 | 266,475,000 | 299,810,000 | 356,373,000 | 290,247,000 | 255,113,000 | 320,186,000 | 403,600,000 | 399,342,000 | 319,315,000 | 306,141,000 | 347,132,000 | 266,763,000 | 212,225,000 | 210,524,000 | 136,801,000 | 92,685,000 | 78,819,020 | 81,292,083 | 90,391,918 | 56,452,170 | 42,326,727 | 46,751,728 | 42,115,329 | 19,904,749 | 13,098,918 | 12,619,392 | 11,557,051 | 6,463,681 | 5,565,642 | 3,215,709 | 2,447,186 | 1,398,640 | 1,146,521 | 1,504,790 | 915,829 | 825,283 | 758,581 | 656,976 | 567,714 | 381,304 | 285,887 | 443,073 | 40,650 | 49 | 5,592 | 2,031 | 8,825 | 907 | |
property and equipment | 15,149,000 | 14,058,000 | 13,434,000 | 12,209,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncurrent assets | 23,106,000 | 22,570,000 | 22,075,000 | 21,853,000 | 11,679,000 | 10,832,000 | 10,815,000 | 11,058,000 | 7,400,000 | 7,598,000 | 6,567,000 | 1,711,000 | 1,703,000 | 1,614,000 | 1,943,000 | 2,510,000 | 2,827,000 | 3,009,000 | 7,000 | 7,000 | 7,000 | 15,756 | |||||||||||||||||||||||||||||||||||
intangible assets | 3,413,000 | 4,885,000 | 5,338,000 | 6,251,000 | 6,456,000 | 6,322,000 | 5,965,000 | 6,644,000 | 10,481,000 | 11,458,000 | 11,728,000 | 11,565,000 | 8,700,000 | 8,975,000 | 7,071,000 | 7,204,000 | 7,528,000 | 7,693,000 | 7,934,000 | 8,121,000 | 8,350,000 | 3,521,000 | 2,837,000 | 2,729,000 | 2,677,129 | 2,646,678 | 2,698,132 | 2,458,678 | |||||||||||||||||||||||||||||
deferred tax assets | 79,186,000 | 76,435,000 | 77,557,000 | 77,283,000 | 75,774,000 | 69,937,000 | 66,916,000 | 73,955,000 | 71,342,000 | 65,241,000 | 65,306,000 | 68,399,000 | 68,676,000 | 63,672,000 | 59,719,000 | 58,728,000 | 52,827,000 | 36,020,000 | 15,329,000 | ||||||||||||||||||||||||||||||||||||||
goodwill | 17,635,000 | 17,647,000 | 17,885,000 | 17,263,000 | 17,226,000 | 19,866,000 | 19,673,000 | 16,682,000 | 16,982,000 | 24,879,000 | 27,552,000 | 27,261,000 | 27,212,000 | 26,514,000 | 12,945,000 | 12,945,000 | 12,945,000 | 12,945,000 | 12,945,000 | 12,945,000 | 12,945,000 | 10,558,000 | 8,248,000 | 8,248,000 | 8,248,107 | 8,248,107 | 8,248,107 | 8,248,107 | 8,248,107 | ||||||||||||||||||||||||||||
total assets | 467,166,000 | 458,743,000 | 481,246,000 | 435,783,000 | 390,722,000 | 432,629,000 | 457,431,000 | 426,749,000 | 385,668,000 | 422,862,000 | 482,782,000 | 415,333,000 | 381,682,000 | 440,867,000 | 507,449,000 | 502,140,000 | 413,826,000 | 381,633,000 | 395,134,000 | 297,602,000 | 242,187,000 | 232,200,000 | 154,875,000 | 110,665,000 | 96,452,379 | 98,191,398 | 105,425,426 | 70,604,458 | 55,846,028 | 49,071,143 | 44,093,691 | 21,773,162 | 14,637,131 | 13,917,607 | 12,645,799 | 7,268,175 | 6,104,047 | 3,567,997 | 2,681,153 | 1,560,236 | 1,256,716 | 1,678,180 | 1,092,245 | 979,126 | 913,170 | 733,932 | 643,344 | 457,381 | 330,741 | 451,009 | 40,650 | ||||||
liabilities and equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 13,529,000 | 9,781,000 | 11,286,000 | 10,109,000 | 10,478,000 | 10,647,000 | 11,529,000 | 8,986,000 | 8,898,000 | 9,322,000 | 7,321,000 | 9,080,000 | 10,391,000 | 9,911,000 | 5,971,000 | 7,191,000 | 7,158,000 | 8,555,000 | 6,318,000 | 5,119,000 | 3,957,000 | 2,610,000 | 1,642,000 | 3,886,000 | 2,592,894 | 1,221,971 | 1,713,213 | 1,300,295 | 1,758,377 | 1,527,470 | 1,022,514 | 750,657 | 635,087 | 412,439 | 472,162 | 467,595 | 317,420 | 395,422 | 61,662 | 113,304 | 89,984 | 69,783 | 95,096 | 101,444 | 79,389 | 61,067 | 60,170 | 93,659 | 55,826 | 94,394 | 23,185 | ||||||
customer deposits | 68,224,000 | 73,465,000 | 90,004,000 | 67,345,000 | 55,660,000 | 67,060,000 | 86,496,000 | 75,789,000 | 44,550,000 | 54,210,000 | 88,643,000 | 55,171,000 | 37,789,000 | 52,652,000 | 93,566,000 | 116,939,000 | 67,673,000 | 69,406,000 | 93,762,000 | 66,105,000 | 27,781,000 | 22,115,000 | 17,405,000 | 9,829,000 | 6,987,076 | 7,913,156 | 6,165,740 | 4,193,802 | 2,502,591 | 2,717,187 | 2,894,294 | 1,770,599 | 923,193 | 1,134,109 | 1,116,117 | 786,246 | 481,704 | 533,374 | 349,117 | 244,460 | 148,613 | 399,536 | 209,534 | 206,351 | 141,508 | 57,404 | 76,804 | 55,075 | 38,198 | 81,333 | |||||||
accrued expenses | 110,753,000 | 123,074,000 | 144,576,000 | 112,111,000 | 85,661,000 | 109,531,000 | 122,497,000 | 102,104,000 | 88,182,000 | 108,385,000 | 128,461,000 | 97,137,000 | 78,944,000 | 117,605,000 | 147,393,000 | 128,741,000 | 111,672,000 | 110,268,000 | 119,605,000 | 79,392,000 | 62,750,000 | 91,333,000 | 53,839,000 | 37,322,000 | 31,034,315 | 39,769,890 | 53,873,562 | 30,764,719 | 18,976,435 | 21,181,935 | 25,217,704 | 13,473,684 | 8,818,180 | 7,745,153 | 7,165,071 | 3,269,709 | 2,742,119 | 615,268 | 1,029,105 | 547,151 | 425,613 | 588,077 | 364,449 | 285,748 | 207,323 | 327,059 | 318,586 | 211,909 | 130,244 | 153,151 | |||||||
litigation contingency | 17,000,000 | 17,000,000 | 17,000,000 | 34,000,000 | 34,000,000 | 34,000,000 | 16,000,000 | 16,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
other current liabilities | 1,760,000 | 158,000 | 14,000 | 238,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total current liabilities | 211,266,000 | 223,478,000 | 262,880,000 | 223,803,000 | 185,853,000 | 221,532,000 | 237,105,000 | 204,292,000 | 141,640,000 | 171,931,000 | 224,454,000 | 161,547,000 | 127,299,000 | 180,370,000 | 247,143,000 | 253,109,000 | 186,814,000 | 189,480,000 | 220,887,000 | 151,893,000 | 96,650,000 | 118,270,000 | 74,583,000 | 52,411,000 | 41,965,379 | 50,064,504 | 62,771,690 | 37,313,013 | 24,212,062 | 25,426,592 | 29,134,512 | 15,994,940 | 10,376,460 | 9,291,701 | 8,762,466 | 4,545,524 | 3,577,021 | 1,544,064 | 1,439,884 | 904,915 | 664,210 | 1,057,396 | 726,288 | 665,288 | 499,504 | 516,349 | 531,675 | 381,721 | 250,037 | 356,528 | 43,762 | 10,750 | 121,011 | 58,156 | 52,393 | 53,288 | 23,082 |
total liabilities | 211,266,000 | 223,478,000 | 262,880,000 | 223,803,000 | 185,853,000 | 221,532,000 | 237,105,000 | 204,312,000 | 141,660,000 | 171,936,000 | 224,462,000 | 162,246,000 | 132,690,000 | 183,804,000 | 250,577,000 | 256,602,000 | 190,293,000 | 192,065,000 | 222,937,000 | 153,989,000 | 99,600,000 | 121,137,000 | 76,343,000 | 54,665,000 | 44,324,500 | 52,987,824 | 64,766,800 | 39,242,080 | 25,866,399 | 499,504 | 516,349 | 531,675 | 443,608 | 311,924 | 418,415 | 43,762 | |||||||||||||||||||||
equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 662 | 665 | 631 | 612 | 606 | 589 | 575 | 563 | 550 | 540 | 527 | 525 | 512 | 511 | 508 | 502 | 499 | 496 | 489 | 486 | 481 | 481 | 480 | 478 | 477 | 401 | |||||||
additional paid-in capital | 1,133,497,000 | 1,069,515,000 | 1,031,660,000 | 993,164,000 | 962,758,000 | 924,570,000 | 883,704,000 | 841,576,000 | 804,833,000 | 757,006,000 | 701,806,000 | 650,383,000 | 611,872,000 | 567,594,000 | 509,476,000 | 450,570,000 | 401,479,000 | 347,670,000 | 295,035,000 | 248,634,000 | 218,492,000 | 187,675,000 | 160,643,000 | 144,928,000 | 130,682,916 | 133,827,909 | 118,408,532 | 102,066,398 | 90,755,616 | 79,195,251 | 60,121,007 | 49,063,199 | 36,848,041 | 41,238,713 | 32,716,439 | 34,791,174 | 34,526,859 | 29,322,379 | 13,894,520 | 7,294,029 | 6,611,781 | 5,557,430 | 6,806,075 | 1,749,217 | 1,824,361 | 1,760,941 | 1,702,216 | 1,643,701 | 1,531,821 | 1,378,406 | 220,670 | 70,417 | 61,099 | 61,099 | 61,099 | 61,099 | 61,099 |
treasury stock | -742,879,000 | -732,907,000 | -716,549,000 | -691,662,000 | -686,680,000 | -661,840,000 | -626,825,000 | -578,591,000 | -545,559,000 | -519,635,000 | -463,738,000 | -414,926,000 | -385,010,000 | -344,844,000 | -289,829,000 | -239,965,000 | -210,009,000 | -180,097,000 | -126,906,000 | -72,003,000 | -37,994,000 | -29,953,000 | -20,610,000 | -18,928,000 | -8,623,212 | -17,649,014 | -8,545,052 | -3,647,076 | |||||||||||||||||||||||||||||
accumulated earnings | -134,690,000 | -16,769,000 | 11,968,000 | 18,138,000 | 15,580,000 | 20,723,000 | 34,616,000 | 37,007,000 | 33,533,000 | 30,510,000 | 20,800,000 | 2,734,000 | |||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -30,000 | -3,076,000 | -540,000 | -1,455,000 | -557,000 | 332,000 | 416,000 | 943,000 | 879,000 | 236,000 | -1,474,000 | -953,000 | 229,000 | 188,000 | 187,000 | 318,000 | 294,000 | 247,000 | 71,000 | 147,000 | -97,000 | 199,899 | 128,207 | 51,345 | 3,533 | -11,327 | 6,253 | 16,974 | 7,179 | 8,454 | 7,874 | 7,018 | 5,242 | 4,205 | 6,491 | -16,004 | |||||||||||||||||||||
total equity | 255,900,000 | 235,265,000 | 218,366,000 | 211,980,000 | 204,869,000 | 211,097,000 | 220,326,000 | 222,437,000 | 244,008,000 | 250,926,000 | 258,320,000 | 253,087,000 | 248,992,000 | 257,063,000 | 256,872,000 | 245,538,000 | 223,533,000 | 189,568,000 | 172,197,000 | 143,613,000 | 142,587,000 | 111,063,000 | 78,532,000 | 56,000,000 | 52,127,879 | 592,506 | 620,784 | ||||||||||||||||||||||||||||||
total liabilities and equity | 467,166,000 | 458,743,000 | 481,246,000 | 435,783,000 | 390,722,000 | 432,629,000 | 457,431,000 | 426,749,000 | 385,668,000 | 422,862,000 | 482,782,000 | 415,333,000 | 381,682,000 | 440,867,000 | 507,449,000 | 502,140,000 | 413,826,000 | 381,633,000 | 395,134,000 | 297,602,000 | 242,187,000 | 232,200,000 | 154,875,000 | 110,665,000 | 96,452,379 | ||||||||||||||||||||||||||||||||
accumulated deficit | -100,931,000 | -96,723,000 | -86,761,000 | -68,135,000 | -51,095,000 | -35,100,000 | -39,993,000 | -34,316,000 | -39,162,000 | -46,883,000 | -61,853,000 | -70,128,000 | -70,292,980 | -71,104,193 | -69,256,830 | -67,061,089 | -60,765,266 | -55,557,542 | -45,179,377 | -43,292,719 | -32,596,374 | -36,621,221 | -28,840,651 | -32,074,290 | -32,004,561 | -27,263,960 | -12,616,862 | -6,610,955 | -5,991,088 | -4,907,502 | -6,424,610 | -1,426,456 | -1,409,639 | -1,543,807 | -1,590,970 | -1,629,401 | -1,513,482 | -1,346,289 | |||||||||||||||||||
accumulated other comprehensive | -414,000 | -24,000 | -2,763,000 | -2,105 | -9,113 | -24,205 | -9,412 | -1,542 | -32 | -58 | -1,007 | ||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets of discontinued operations | 988,000 | 1,068,000 | 1,631,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment | 11,615,000 | 11,488,000 | 11,789,000 | 12,231,000 | 12,978,000 | 13,862,000 | 15,224,000 | 14,075,000 | 17,689,000 | 19,906,000 | 19,024,000 | 15,902,000 | 13,186,000 | 11,165,000 | 9,042,000 | 7,848,000 | 6,751,000 | 6,080,000 | 5,885,000 | ||||||||||||||||||||||||||||||||||||||
noncurrent assets of discontinued operations | 4,599,000 | 6,706,000 | 5,795,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses and other liabilities | 54,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities of discontinued operations | 274,000 | 560,000 | 1,406,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total exp world holdings, inc. stockholders' equity | 204,869,000 | 211,097,000 | 220,326,000 | 222,437,000 | 242,839,000 | 249,757,000 | 257,151,000 | 251,918,000 | 247,823,000 | 255,894,000 | 255,703,000 | 244,369,000 | 222,169,000 | 188,561,000 | 171,182,000 | 142,610,000 | 141,584,000 | 110,911,000 | 78,328,000 | 4,260,671 | 2,527,026 | 2,065,422 | 1,274,145 | 681,477 | |||||||||||||||||||||||||||||||||
equity attributable to noncontrolling interest | 1,169,000 | 1,169,000 | 1,169,000 | 1,169,000 | 1,169,000 | 1,169,000 | 1,169,000 | 1,169,000 | 1,364,000 | 1,007,000 | 1,015,000 | 1,003,000 | 1,003,000 | 152,000 | 204,000 | 224,000 | 160,594 | ||||||||||||||||||||||||||||||||||||||||
other liabilities | 20,000 | 23,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term payable | 20,000 | 20,000 | 5,000 | 5,000 | 5,000 | 4,697,000 | 2,714,000 | 2,714,000 | 2,714,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets | 7,000 | 10,000 | 14,000 | 32,000 | 2,075,000 | 2,127,000 | 2,217,000 | 2,265,000 | 2,387,000 | 2,482,000 | 2,639,000 | 622,000 | 731,000 | 819,000 | 839,000 | 902,000 | 1,118,000 | 1,264,215 | 1,299,536 | 285,435 | 291,689 | ||||||||||||||||||||||||||||||||||||
current portion of lease obligation - operating lease | 7,000 | 10,000 | 14,000 | 29,000 | 159,000 | 175,000 | 202,000 | 213,000 | 238,000 | 311,000 | 345,000 | 286,000 | 361,000 | 746,000 | 720,000 | 727,000 | 424,000 | 434,854 | 167,420 | 44,516 | 79,538 | ||||||||||||||||||||||||||||||||||||
long-term lease obligation - operating lease, net of current portion | 3,000 | 694,000 | 694,000 | 720,000 | 720,000 | 779,000 | 765,000 | 849,000 | 334,000 | 370,000 | 74,000 | 118,000 | 175,000 | ||||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment | 18,151,000 | 5,428,152 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term payable | 906,000 | 916,000 | 916,000 | 1,416,000 | 1,492,000 | 970,000 | 950,000 | 916,240 | 992,067 | 974,659 | 974,659 | 974,659 | |||||||||||||||||||||||||||||||||||||||||||||
long-term payable, net of current portion | 2,714,000 | 1,736,000 | 1,716,000 | 1,726,000 | 2,876,000 | 2,749,000 | 1,585,000 | 1,560,000 | 1,529,506 | 1,791,015 | 1,754,065 | 1,716,853 | 1,654,337 | ||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term lease obligation - operating lease | 694,000 | 829,615 | 1,132,305 | 241,045 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total exp world holdings, inc, stockholders' equity | 55,776,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total exp world holdings, inc., stockholders' equity | 51,967,285 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets | 4,704,994 | 3,801,834 | 3,153,814 | 2,739,525 | 2,319,415 | 1,978,362 | 1,868,413 | 1,538,213 | 1,298,215 | 1,088,748 | 804,494 | 538,405 | 352,288 | 233,967 | 161,596 | 110,195 | 98,194 | 101,220 | 78,647 | 79,393 | 76,956 | 75,630 | 76,077 | 44,854 | 7,936 | ||||||||||||||||||||||||||||||||
liabilities and stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 45,203,574 | 40,658,626 | 31,362,378 | 29,979,629 | 23,644,551 | 14,959,179 | 5,778,222 | 4,260,671 | 4,625,906 | 3,883,333 | 2,722,651 | 2,527,026 | 2,023,933 | 1,241,269 | |||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 98,191,398 | 105,425,426 | 70,604,458 | 55,846,028 | 49,071,143 | 44,093,691 | 21,773,162 | 14,637,131 | 13,917,607 | 12,645,799 | 7,268,175 | 6,104,047 | 3,567,997 | 2,681,153 | 1,560,236 | 1,256,716 | 1,678,180 | ||||||||||||||||||||||||||||||||||||||||
long term lease obligation - operating lease | 212,214 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangibles assets | 2,531,669 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other assets | 2,319,415 | 1,978,362 | 1,868,413 | 1,538,213 | 1,298,215 | 1,088,748 | 804,494 | 538,405 | 352,288 | 233,967 | 161,596 | 110,195 | 173,390 | 176,416 | 153,843 | 154,589 | 76,956 | 75,630 | 76,077 | 44,854 | 7,936 | ||||||||||||||||||||||||||||||||||||
notes payable | 9,116 | 21,974 | 35,778 | 46,887 | 61,887 | 61,887 | 61,887 | 61,887 | |||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest in subsidiary | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exp world holdings, inc. stockholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exp world holdings, inc. stockholders' equity: common stock, 0.00001 par value 220,000,000 shares authorized; 52,316,679 shares and 50,168,195 shares issued and outstanding at december 31, 2016 and december 31, 2015, respectively | 523 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interests in subsidiary | -41,489 | -32,876 | -26,156 | -19,576 | -5,438 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -4,024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exp world holdings, inc. stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 655,321 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable, related party | 1,256 | 3,523 | 5,250 | 6,000 | 8,049 | 7,950 | 11,265 | 8,200 | |||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax assets, non-current | 75,196 | 75,196 | 75,196 | 75,196 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest | 10,322 | 9,858 | 9,397 | 8,932 | 8,467 | 8,002 | 7,537 | 7,073 | |||||||||||||||||||||||||||||||||||||||||||||||||
total exp realty international corporation stockholders' equity | 612,082 | 626,222 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders' equity / | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity / | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total equity / | 365,957 | 313,838 | 413,666 | 217,583 | 111,669 | 13,773 | 18,817 | 32,594 | |||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity / | 1,092,245 | 979,126 | 913,170 | 733,932 | 643,344 | 457,381 | 330,741 | 451,009 | 40,650 | ||||||||||||||||||||||||||||||||||||||||||||||||
due to related parties | 5,761 | 13,076 | 18,232 | 20,577 | 20,577 | 102,418 | 42,393 | 37,391 | 37,384 | 15,375 | |||||||||||||||||||||||||||||||||||||||||||||||
current portion of notes payable | 61,887 | 61,887 | 61,887 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
long term liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock subscriptions received | 109,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deficit accumulated during the development stage | -176,919 | -119,656 | -111,862 | -105,963 | -83,675 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cash | 49 | 5,392 | 2,031 | 8,825 | 907 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ deficit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 10,750 | 18,593 | 15,018 | 15,002 | 15,904 | 7,707 | |||||||||||||||||||||||||||||||||||||||||||||||||||
contingency | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ deficit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized: 220,000,000 shares, par value 0.00001; | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
40,086,000 shares issued and outstanding | 401 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ deficit | -115,419 | -58,156 | -50,362 | -44,463 | -22,175 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ deficit | 49 | 5,592 | 2,031 | 8,825 | 907 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expense | 200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized: 220,000,000 shares, par value 0.00001; 40,086,000 shares issued and outstanding | 401 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
f-1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bank indebtedness | 745 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock authorized: 220,000,000 shares, par value 0.00001; 40,086,000 shares issued and outstanding | 401 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock authorized: 220,000,000 shares, par value 0.00001; 40,086,000 (june 30, 2010 – 40,086,000) shares issued and outstanding | 401 | 401 | 401 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 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 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
common stock: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, beginning of period | 0 | 0 | 0 | 0 | 2,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
balance, end of period | 0 | 0 | 0 | 0 | 2,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
treasury stock: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of common stock | 8,529,000 | 13,219,000 | -7,085,000 | -18,896,000 | -29,916,000 | -9,951,000 | 1,712,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued for stock options exercised | -21,000 | 517,000 | 2,561,000 | 639,000 | 307,000 | 1,163,000 | 2,260,184,000 | 554,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
agent growth incentive stock-based compensation | -944,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
agent equity stock-based compensation | 347,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock option compensation | -23,000 | -252,000 | 1,853,000 | 5,989,000 | 16,000 | -20,000 | 1,990,000 | 8,178,000 | 193,000 | -396,000 | 2,761,000 | 10,685,000 | 151,000 | 95,000 | 3,511,000 | 9,726,000 | 248,000 | 19,000 | 3,109,000 | 2,622,000 | 1,879,000 | ||||||||||||||||||||||||||||||||||||
accumulated (deficit) earnings: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 5,788,000 | 8,733,000 | -11,024,000 | -12,761,000 | -20,889,000 | 28,022,000 | -15,639,000 | 7,969,000 | 1,453,000 | 11,022,000 | -4,957,000 | 495,000 | 8,864,000 | 57,338,000 | -13,229,000 | 32,204,000 | 4,846,000 | 7,695,000 | 14,918,000 | 8,236,000 | 141,000 | 3,233,639 | -69,729 | -115,919 | -11,133 | -12,412 | -6,929 | -7,794 | -5,899 | -22,288 | -14,210 | ||||||||||||||||||||||||||
dividends declared and paid | -34,000 | -69,000 | -7,602,000 | -22,610,000 | 1,000 | 95,000 | -7,585,000 | -21,000,000 | -655,000 | -268,000 | -6,596,000 | -18,436,000 | -908,000 | -26,000 | -5,859,000 | -5,793,000 | |||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation gain | -3,129,000 | 1,813,000 | -591,000 | -579,000 | 643,000 | 661,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transactions with noncontrolling interests | 0 | 0 | 0 | -1,169,000 | 1,000 | 0 | 1,000 | -426,000 | 0 | 0 | 426,000 | 0 | 19,000 | 87,000 | |||||||||||||||||||||||||||||||||||||||||||
total equity | 16,899,000 | -9,229,000 | -7,394,000 | 5,233,000 | 253,087,000 | 191,000 | 17,371,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net | 3,497,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of net (loss) to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation expense | 1,711,000 | 1,587,000 | 1,945,000 | 1,948,000 | 1,937,000 | 1,891,000 | 2,059,000 | 2,235,000 | 2,129,000 | 1,954,000 | 1,616,000 | 1,402,000 | 1,376,000 | 1,189,000 | 1,007,000 | 957,000 | 852,000 | 794,000 | 757,000 | 675,827 | 558,650 | 455,478 | 367,287 | ||||||||||||||||||||||||||||||||||
amortization expense - intangible assets | 713,000 | 685,000 | 616,000 | 599,000 | 442,000 | 1,073,000 | 340,000 | 449,000 | 638,000 | 475,000 | 342,000 | 335,000 | 318,000 | 318,000 | 303,000 | 247,000 | 152,000 | 127,000 | 103,000 | 91,696 | 83,439 | 78,374 | 72,992 | ||||||||||||||||||||||||||||||||||
allowance for credit losses on receivables/bad debt on receivables | 253,000 | 77,000 | 605,000 | 255,000 | -193,000 | -836,000 | 159,000 | 1,228,000 | -20,000 | 389,000 | 219,000 | 385,000 | 533,000 | ||||||||||||||||||||||||||||||||||||||||||||
equity in loss of unconsolidated affiliates | 195,000 | 364,000 | 281,000 | 374,000 | 149,000 | 411,000 | 329,000 | 567,000 | 317,000 | 183,000 | -2,000 | 1,000 | 6,000 | 17,000 | 0 | 13,000 | 21,000 | ||||||||||||||||||||||||||||||||||||||||
agent growth incentive stock-based compensation expense | 9,655,000 | 9,615,000 | 8,119,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
agent equity stock-based compensation expense | 27,150,000 | 26,803,000 | 20,756,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 1,122,000 | -274,000 | -1,509,000 | -5,837,000 | -3,021,000 | 7,123,000 | -4,786,000 | -5,003,000 | -3,953,000 | -991,000 | -5,901,000 | -16,807,000 | -20,691,000 | ||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 22,174,000 | -42,225,000 | -15,808,000 | 17,231,000 | 29,936,000 | -28,730,000 | -20,141,000 | 31,332,000 | 35,872,000 | -12,423,000 | -9,846,000 | -3,944,000 | 4,182,000 | -45,188,000 | -11,907,000 | 16,297,000 | -41,019,000 | -19,038,000 | -6,433,000 | 7,845,803 | 14,746,184 | -21,090,918 | -12,263,873 | 3,752,633 | 2,072,186 | -14,169,656 | -2,175,888 | 648,720 | 892,903 | -5,106,448 | -320,157 | -1,700,167 | -312,613 | -494,323 | -185,095 | -31,388 | -69,764 | 74,392 | -63,189 | -58,946 | -35,643 | ||||||||||||||||
prepaids and other assets | 829,000 | 825,000 | -2,963,000 | 1,063,000 | 137,000 | 2,152,000 | -311,000 | 4,655,000 | -5,239,000 | 1,740,000 | 496,000 | -1,113,000 | 2,956,000 | -4,007,000 | -459,000 | -4,028,000 | 176,000 | 794,000 | -476,000 | -950,797 | -711,061 | -145,792 | 111,575 | -1,056,769 | -91,346 | 61,036 | -91,961 | 42,215 | -185,151 | 44,057 | -180,482 | -38,998 | -213,750 | 12,126 | -118,490 | 32,969 | -88,596 | -9,271 | 17,730 | -4,405 | -38,934 | ||||||||||||||||
customer deposits | -16,539,000 | 22,659,000 | 11,685,000 | -11,400,000 | -19,436,000 | 10,707,000 | 31,239,000 | -14,863,000 | -42,028,000 | -23,373,000 | 49,266,000 | -1,733,000 | -24,356,000 | 27,657,000 | 38,324,000 | 5,666,000 | 4,710,000 | 7,199,000 | 3,219,000 | -963,859 | 1,787,591 | 1,921,289 | 1,675,556 | -196,977 | -177,107 | 1,123,695 | 847,406 | -210,916 | 17,992 | 329,871 | 304,542 | ||||||||||||||||||||||||||
accounts payable | -1,506,000 | 1,177,000 | -369,000 | -168,000 | -883,000 | 2,544,000 | 197,000 | 480,000 | 3,104,000 | -1,226,000 | 74,000 | -1,424,000 | 2,243,000 | 1,193,000 | 1,161,000 | 1,348,000 | 967,000 | -2,287,000 | 1,336,000 | 1,410,126 | -427,871 | 385,686 | 44,888 | -283,448 | 504,956 | 271,857 | 115,570 | 222,648 | -59,723 | 4,567 | 150,175 | -78,002 | 333,760 | -51,642 | 23,320 | -6,348 | 22,055 | 18,322 | 897 | -33,489 | 37,833 | 0 | -5,772 | 7,707 | |||||||||||||
accrued expenses | -22,085,000 | 32,866,000 | 25,828,000 | -22,559,000 | -14,129,000 | 20,540,000 | 14,703,000 | -37,009,000 | -27,191,000 | 16,107,000 | 15,854,000 | 2,112,000 | -9,670,000 | 38,811,000 | 15,420,000 | -28,685,000 | 36,764,000 | 16,567,000 | 5,371,000 | -8,588,872 | -14,918,125 | 23,021,587 | 11,787,112 | -2,198,112 | -4,035,769 | 11,744,020 | 4,655,504 | 1,062,951 | 591,988 | 3,959,067 | 462,056 | 2,119,026 | -413,837 | 481,954 | 121,538 | -162,464 | 223,628 | 78,701 | 78,425 | -119,736 | 8,473 | 106,677 | 81,665 | ||||||||||||||
litigation contingency | 0 | 0 | 18,000,000 | 0 | 16,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating activities | 144,000 | -224,000 | 184,000 | 34,000 | -3,000 | 37,000 | 37,000 | 38,000 | 36,000 | 39,000 | 65 | ||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 28,891,000 | 36,088,000 | 39,838,000 | 13,714,000 | 45,999,000 | 71,147,000 | 60,654,000 | 23,211,000 | 22,026,000 | 53,791,000 | 111,507,000 | 48,479,000 | 30,988,000 | 88,506,000 | 78,919,000 | 30,453,000 | 43,170,000 | 28,547,000 | 17,489,000 | 15,410,306 | 14,999,646 | 18,119,125 | 6,657,355 | 69,251 | 104,447 | -25,295 | -14,976 | -370 | -2,890 | -7,776 | -6,794 | -14,082 | -4,564 | ||||||||||||||||||||||||
capital expenditures | -2,595,000 | -2,531,000 | -3,003,000 | -2,300,000 | -656,000 | -1,843,000 | -1,438,000 | -2,786,000 | -1,371,000 | -3,393,000 | -4,438,000 | -4,240,000 | -3,407,000 | -3,486,000 | -2,116,000 | -2,739,000 | -1,331,000 | -918,000 | -1,355,000 | 0 | 0 | 0 | 0 | -6,174 | -750 | -32,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
free cash flows | 26,296,000 | 33,557,000 | 36,835,000 | 11,414,000 | 45,343,000 | 69,304,000 | 59,216,000 | 20,425,000 | 20,655,000 | 50,398,000 | 107,069,000 | 44,239,000 | 27,581,000 | 85,020,000 | 76,803,000 | 27,714,000 | 41,839,000 | 27,629,000 | 16,134,000 | 15,410,306 | 14,999,646 | 18,119,125 | 6,657,355 | 63,077 | 103,697 | -57,545 | -14,976 | -370 | -2,890 | -7,776 | -6,794 | -14,082 | -4,564 | ||||||||||||||||||||||||
investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment | -2,335,000 | -2,798,000 | -2,553,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of business | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in unconsolidated affiliates | -690,000 | -429,000 | -11,244,000 | -1,211,000 | -298,000 | -131,000 | -3,807,000 | 4,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
capitalized software development costs in intangible assets | -260,000 | 267,000 | -450,000 | -225,000 | -656,000 | -394,000 | -115,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -3,285,000 | -2,960,000 | -14,247,000 | -6,511,000 | -2,590,000 | -5,124,000 | -5,245,000 | -3,571,000 | -10,813,000 | -5,260,000 | -6,554,000 | -11,312,000 | -2,964,000 | -1,332,000 | -1,355,000 | -2,575,942 | -1,529,194 | -1,256,982 | -1,327,919 | ||||||||||||||||||||||||||||||||||||||
financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | -16,358,000 | -24,887,000 | -4,982,000 | -24,840,000 | -35,015,000 | -48,234,000 | -33,032,000 | -39,838,000 | -59,815,000 | -49,864,000 | -29,956,000 | -29,912,000 | -53,191,000 | -54,903,000 | -34,009,000 | -8,041,000 | -9,343,000 | -1,682,000 | -10,305,000 | -9,407,122 | -9,103,962 | -4,897,976 | -3,647,076 | ||||||||||||||||||||||||||||||||||
proceeds from exercise of options | 56,000 | 76,000 | 300,000 | 368,000 | 592,000 | 75,000 | 977,000 | -1,609,000 | 1,441,000 | 282,000 | 498,000 | 925,000 | 938,000 | 384,000 | 1,373,000 | 2,236,000 | 2,243,000 | 639,000 | 1,828,000 | 745,772 | 646,164 | 690,267 | 215,726 | 265,138 | 876,639 | 608,902 | 264,355 | 26,596 | 0 | 0 | 20,000 | ||||||||||||||||||||||||||
net cash from financing activities | -24,007,000 | -32,482,000 | -12,284,000 | -32,007,000 | -41,912,000 | -55,649,000 | -40,809,000 | -48,138,000 | -65,167,000 | -55,466,000 | -35,743,000 | -34,780,000 | -58,008,000 | -5,379,000 | -7,100,000 | -1,024,000 | -8,390,000 | -8,471,850 | -8,457,798 | -4,207,709 | -3,431,350 | 0 | -1,243 | 16,243 | 7,255 | 5,745 | 0 | 22,000 | 5,000 | ||||||||||||||||||||||||||||
effect of changes in exchange rates on cash, cash equivalents and restricted cash | -152,000 | 2,064,000 | 329,000 | -2,348,000 | 722,000 | -757,000 | -589,000 | 684,000 | 370,000 | -1,182,000 | 41,000 | 1,000 | -131,000 | 24,000 | 47,000 | 176,000 | -76,000 | 657,000 | -710,000 | 62,491 | -51,963 | 68,545 | 27,039 | -27,945 | -285,505 | 315,613 | -23,033 | ||||||||||||||||||||||||||||||
net change in cash, cash equivalents and restricted cash | 1,447,000 | 2,710,000 | 13,636,000 | -27,152,000 | 2,219,000 | 9,617,000 | 14,011,000 | -27,814,000 | -53,584,000 | -6,250,000 | 71,121,000 | 8,440,000 | -33,705,000 | 30,678,000 | 42,573,000 | 13,938,000 | 33,030,000 | 26,848,000 | 7,034,000 | 4,425,005 | 4,960,691 | 12,722,979 | 1,925,125 | -1,770,249 | 6,349,173 | 8,350,274 | 4,516,223 | ||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning balance | 0 | 0 | 168,588,000 | 0 | 0 | 0 | 169,893,000 | 0 | 0 | 0 | 175,910,000 | 0 | 0 | 0 | 127,924,000 | 0 | 0 | 0 | 47,074,000 | ||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, ending balance | 1,447,000 | 2,710,000 | 182,224,000 | -27,152,000 | 2,219,000 | 9,617,000 | 183,904,000 | -27,814,000 | -53,584,000 | -6,250,000 | 247,031,000 | 8,440,000 | -33,705,000 | 30,678,000 | 170,497,000 | 13,938,000 | 33,030,000 | 26,848,000 | 54,108,000 | ||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flows information: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | 1,532,000 | 534,000 | 1,480,000 | 496,000 | 656,000 | 433,000 | 1,109,000 | 473,000 | 489,000 | 1,961,000 | 483,000 | 271,000 | 358,000 | 699,000 | 3,000 | 78,000 | 452,000 | 194,000 | 30,000 | -135,177 | 36,029 | 128,584 | 100,289 | 20,507 | 7,455 | 14,270 | 30,450 | 39,750 | 3,148 | 23,661 | 30,675 | 8,998 | 780 | 14,524 | 17,711 | ||||||||||||||||||||||
supplemental disclosure of non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment purchases in accounts payable | -77,000 | -53,000 | 214,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in (income) loss of unconsolidated affiliates | -80,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposition of business | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
agent growth incentive stock compensation expense | 9,198,000 | 9,910,000 | 9,330,000 | 8,827,000 | 8,033,000 | 5,800,000 | 9,230,000 | 7,798,000 | 6,364,000 | 6,817,000 | 5,840,000 | 5,472,000 | 4,763,000 | 3,711,000 | 3,246,000 | 3,519,000 | 3,503,236 | ||||||||||||||||||||||||||||||||||||||||
agent equity stock compensation expense | 25,281,000 | 29,541,000 | 30,588,000 | 25,868,000 | 32,874,000 | 44,395,000 | 48,335,000 | 38,500,000 | 42,746,000 | 41,838,000 | 38,451,000 | 21,402,000 | 21,742,000 | 19,929,000 | 10,503,000 | 8,794,000 | 10,213,274 | 11,110,371 | |||||||||||||||||||||||||||||||||||||||
long term payable | -150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property, plant, and equipment | -2,075,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of business, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of business | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
termination of lease obligation - operating lease | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of treasury stock, for acquisition | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingent consideration for disposition of business | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment increase due to transfer of right-of-use lease asset | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment purchases in accounts payable | 43,000 | -226,000 | 0 | 246,000 | 24,000 | 143,000 | -134,000 | 141,000 | 6,000 | 87,000 | |||||||||||||||||||||||||||||||||||||||||||||||
agent growth incentive stock compensation | -748,000 | 1,002,000 | 568,000 | 8,668,000 | 1,838,000 | 1,339,271,000 | 2,045,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
agent equity stock compensation | -1,047,000 | 21,000 | 12,101,000 | 26,775,000 | -3,940,000 | 3,759,765,000 | 3,387,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property, plant, equipment | -1,449,000 | -1,323,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization expense - long-term payable | 5,000 | 45,000 | 43,000 | 64,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
lease liabilities arising from obtaining right-of-use assets | -11,000 | 105,000 | 15,000 | 70,703 | 1,096,656 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated earnings: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to exp world holdings, inc. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | -1,000 | 782,307 | -1,847,363 | -2,195,741 | -6,295,823 | -5,219,182 | -4,628,171 | -1,886,658 | -10,696,345 | -17,514,305 | -4,749,489 | -14,655,711 | -6,012,627 | -625,447 | -4,998,154 | -16,817 | 47,163 | ||||||||||||||||||||||||||||||||||||||||
loss on dissolution of consolidated affiliates | 0 | 0 | 0 | 361,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated earnings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property, plant, equipment & intangible assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property, plant and equipment | -2,829,000 | -1,145,000 | -3,393,000 | -4,684,000 | -4,264,000 | -3,550,000 | -3,352,000 | -2,257,000 | -2,745,000 | -1,418,000 | -918,000 | -1,355,000 | |||||||||||||||||||||||||||||||||||||||||||||
acquisition of businesses, net of cash acquired | -242,000 | -1,500,000 | -9,140,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
termination of lease liabilities | 29,000 | 226,000 | 4,000 | 17,000 | 140,000 | 43,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of treasury stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities incurred associated with a business acquisition | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities assumed in business acquisition | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of businesses | -1,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in) investing activities | -4,684,000 | -3,757,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
allowance for credit losses on receivables | 297,000 | 230,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term payable | 978,000 | 10,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets acquired | -184,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement of treasury stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets in accounts payable | -70,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement of common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued for acquisition | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, par value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions by noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investing activities | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in) financing activities | -32,636,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities incurred associated with business acquisition | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued for business acquisition | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
allowance for credit losses/bad debt on receivables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock option expense | 1,073,000 | 979,366 | 1,060,175 | 1,830,508 | 1,215,448 | 1,260,180 | 1,103,055 | 1,181,969 | 1,301,702 | 7,379,072 | 4,979,213 | -4,300,892 | -1,201,364 | 780,974 | 14,632,458 | 6,117,510 | 433,530 | 746,353 | -1,461,593 | 4,384,538 | -171,807 | 22,445 | 22,445 | 23,441 | 28,273 | ||||||||||||||||||||||||||||||||
cash paid for interest | 18,460 | 1,157 | 58 | 304 | 558 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||
fixed asset purchases in accounts payable | 109,000 | 63,913 | 7,552 | -24,345 | 46,343 | 42,711 | -13,271 | -14,384 | 71,890 | -45,345 | 20,948 | 30,559 | 65,728 | ||||||||||||||||||||||||||||||||||||||||||||
reconciliation of net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock compensation expense | 3,669,321 | 2,546,100 | 4,238,665 | 3,989,604 | 8,279,109 | 3,885,268 | 3,543,074 | 2,229,767 | 1,303,522 | 4,032,788 | 795,401 | 482,984 | 248,725 | 308,001 | 212,951 | 672,327 | 99,798 | 40,980 | 36,281 | 35,074 | 24,159 | ||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization expense - stock payable | 54,358 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed asset additions | -1,497,208 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for a business acquisition | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible asset additions | -31,986 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 0 | 0 | 23,040,648 | 0 | 0 | 0 | 5,595,227 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of period | 4,960,691 | 12,722,979 | 24,965,773 | -1,770,249 | 6,349,173 | 8,350,274 | 10,111,450 | ||||||||||||||||||||||||||||||||||||||||||||||||||
noncash lease expense | 64 | 63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for a business combination | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
agent equity program | 6,210,293 | 6,506,975 | 7,099,352 | 5,277,346 | 2,370,004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
change in stock payable | 62,516 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of fixed assets | -827,919 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for business acquisition and intangibles | -500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
recognition of right of use assets and lease liability upon adoption of new accounting standard | 317,629 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
to cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from operating activities | 5,455,674 | 6,325,852 | 7,740,771 | 4,788,422 | 1,730,163 | 2,094,221 | 145,194 | 157,286 | 386,396 | 178,263 | 548,911 | -89,293 | 127,113 | 216,585 | 142,660 | -140,172 | |||||||||||||||||||||||||||||||||||||||||
cash from investing activities | -7,463,116 | -567,813 | -315,012 | -513,521 | -431,383 | -301,006 | -335,133 | -213,625 | -135,469 | -130,875 | -86,300 | -64,028 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | 0 | -17,842 | 0 | 160,000 | 0 | 0 | 0 | 59,450 | |||||||||||||||||||||||||||||||||||||||||||||||||
repurchase and retirement of subsidiary common stock | -96,000 | 0 | 0 | -1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments of notes payable | 0 | -7,866 | -14,108 | -13,804 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from financing activities | 265,138 | 876,639 | 608,902 | 264,355 | 26,596 | -7,866 | -17,715 | 148,354 | -1,000 | -15,000 | -3,132 | 0 | 0 | 0 | 59,450 | ||||||||||||||||||||||||||||||||||||||||||
depreciation | 240,031 | 147,558 | 183,321 | 146,040 | 112,487 | 81,437 | 13,265 | 20,264 | 12,555 | 12,929 | 12,626 | 7,294 | 5,863 | 7,824 | 5,323 | 7,421 | 4,847 | 1,198 | 1,027 | ||||||||||||||||||||||||||||||||||||||
acquisition of property and equipment | -567,813 | -315,012 | -513,521 | -431,383 | -301,006 | -335,133 | -213,625 | -135,469 | -130,875 | -86,300 | -64,028 | -30,397 | -4,577 | -9,858 | -6,174 | -750 | -32,250 | ||||||||||||||||||||||||||||||||||||||||
common stock issuance transactions costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase and retirement of common stock | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax asset | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable, related party | 1,256 | 2,267 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 210,916 | -17,992 | -329,871 | -304,542 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest | 464 | 461 | 465 | 465 | 465 | 465 | |||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issuance transaction costs | 0 | -17,842 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of subsidiary common stock | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of notes payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of changes in exchange rates on cash and cash equivalents | -1,252 | -1,659 | -18,766 | 14,017 | -4,113 | 10,515 | -1,919 | 7,008 | |||||||||||||||||||||||||||||||||||||||||||||||||
net change in cash and cash equivalents | 1,324,124 | 1,783,690 | -226,420 | 106,032 | 740,512 | 57,903 | 461,692 | -147,313 | 107,818 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 0 | 1,684,608 | 0 | 0 | 0 | 571,814 | 0 | 0 | 0 | 353,374 | 0 | 0 | 0 | 100,056 | |||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 1,324,124 | 1,783,690 | -226,420 | 1,790,640 | 740,512 | 57,903 | 461,692 | 424,501 | 122,910 | 160,610 | 90,671 | 197,623 | 84,671 | 63,104 | 104,645 | 100,954 | |||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase and retirement of shares | 0 | -3,132 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issuance costs in accounts payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exercise of options | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to cash used in operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities : | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to related parties | 0 | -5,761 | -7,315 | -5,156 | -4 | 2,010 | 4,994 | 8,472 | 2 | 7 | 9 | 4 | |||||||||||||||||||||||||||||||||||||||||||||
investment activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from investment activities | -30,397 | -4,577 | -9,858 | -6,174 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of foreign exchange on cash | -6,592 | -7,870 | -1,510 | 26 | 949 | -1,007 | |||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flows for: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for taxes | -2,654 | 1,244 | 7,080 | 18,643 | 995 | 2,348 | |||||||||||||||||||||||||||||||||||||||||||||||||||
net change in cash | 97,263 | -147,881 | 86,181 | 63,078 | 103,696 | 1,905 | |||||||||||||||||||||||||||||||||||||||||||||||||||
accountants receivable, related party | 750 | 2,049 | -99 | 3,315 | -3,065 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of ownership units | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash (used) by investment activities | -32,250 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advances from related parties | 0 | 0 | 15,000 | 8,000 | 5,000 | 0 | 22,000 | 5,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash (used in) investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net (loss) to cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used by operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bank indebtedness | 0 | -1,243 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, july 30, 2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued for cash at 0.001 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued for cash at 0.25 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, june 30, 2009 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, june 30, 2010 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, june 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, june 30, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued for cash at 10.50 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to related party forgiveness of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock issued for related party debt at 10.50 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, june 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | -3,639 | 10,032 | -955 | 5,182 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses | 1,935 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in cash | 5,024 | -370 | -2,890 | 1,875 | -2,031 | -6,794 | 7,918 | 436 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash – beginning of period | 0 | 738 | 0 | 0 | 0 | 471 | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash – end of period | 5,024 | 368 | -2,890 | 1,875 | -6,794 | 7,918 | 907 | ||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
f-3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
f-4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance – july 30, 2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income for the period | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance – june 30, 2009 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income for the year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance – june 30, 2010 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance – june 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued liabilities | -902 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
a) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
● |
