Financials

Income Statement Balance Sheet Cash Flow Ratios

Semi-annual (SAR)

1-5

	H1 2025Jun 30, 2025	H2 2024Dec 31, 2024	H1 2024Jun 30, 2024	H2 2023Dec 31, 2023	H1 2023Jun 30, 2023
Operations
Operating Cash Flow	-3.96M	5.64M	0.55M	-1.84M	-8.14M
Free Cash Flow	-3.97M	5.63M	0.55M	-1.87M	-8.95M
Capital Expenditures	-7.65K	-13.05K	-4.45K	-25.23K	-801.84K
Investing & Financing
Investing Cash Flow	-0.01M	-5.01M	-0.03M	6.99M	-7.79M
Financing Cash Flow	4.21M	0.47M	-7.41M	-1.07M	5.28M
Dividends Paid	—	—	—	—	—
Share Repurchase	—	—	—	—	—
Operating Activities
Operating Cash Flow	-3.96M	5.64M	0.55M	-1.84M	-8.14M
Net Income	-2.81M	-4.58M	-2.50M	-1.63M	-3.16M
Change in Accounts Payable	-12.95M	1.52M	-1.26M	-3.65M	1.93M
Change in Accounts Receivable	5.20M	-3.92M	2.12M	1.28M	-5.50M
Change in Inventory	5.36M	3.46M	-4.20M	9.46M	-6.11M
Change in Other Net Operating Assets	-0.48M	5.16M	5.11M	-7.54M	3.18M
Change in Working Capital	-2.86M	6.23M	1.77M	-0.45M	-6.50M
Other Operating Activities	0.31M	2.75M	0.52M	-0.55M	0.81M
Provision & Write-off of Bad Debts	140.20K	265.23K	—	76.34K	193.61K
Depreciation & Amortization	1.26M	0.92M	0.77M	0.55M	0.67M
Other Amortization	—	41.80K	—	38.05K	—
Cash Interest Paid	0.57M	0.56M	0.73M	1.11M	0.63M
Miscellaneous Cash Flow Adjustments	—	683.87K	—	—	—
Investing Activities
Investing Cash Flow	-0.01M	-5.01M	-0.03M	6.99M	-7.79M
Capital Expenditures	-7.65K	-13.05K	-4.45K	-25.23K	-801.84K
Cash Acquisitions	—	-5.00M	—	—	—
Investment in Securities	—	—	—	7.00M	-7.00M
Sale (Purchase) of Intangibles	—	—	-25.00K	—	—
Sale of Property, Plant & Equipment	—	—	—	15.48K	13.91K
Loss (Gain) From Sale of Assets	3.35K	6.98K	-6.98K	-15.48K	-13.91K
Loss (Gain) on Sale of Investments	—	—	—	138.11K	-138.11K
Financing Activities
Financing Cash Flow	4.21M	0.47M	-7.41M	-1.07M	5.28M
Common Dividends Paid	—	—	—	—	—
Issuance of Common Stock	—	—	—	—	—
Repurchase of Common Stock	—	—	—	—	—
Short-Term Debt Issued	23.68M	—	34.16M	—	29.65M
Total Debt Issued	23.68M	15.53M	34.16M	38.57M	29.65M
Long-Term Debt Repaid	-930.96K	—	-854.70K	—	-647.98K
Short-Term Debt Repaid	-17.97M	—	-39.99M	—	-23.72M
Total Debt Repaid	-18.90M	-15.07M	-40.84M	-39.64M	-24.37M
Net Debt Issued (Repaid)	4.79M	0.47M	-6.68M	-1.07M	5.28M
Other Financing Activities	-0.57M	—	-0.73M	—	—
Free Cash Flow & Returns
Free Cash Flow	-3.97M	5.63M	0.55M	-1.87M	-8.95M
Free Cash Flow Margin	-11.9%	+12.1%	+1.4%	-4.1%	-20.4%
Free Cash Flow Per Share	-0.15	0.21	0.02	-0.07	-0.35
Levered Free Cash Flow	-3.93M	31.54M	0.56M	-1.74M	-7.77M
Unlevered Free Cash Flow	-3.26M	32.06M	1.07M	-1.04M	-7.31M
Net Cash Flow	0.25M	1.78M	-6.88M	4.08M	-10.65M

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Semi-annual (SAR)

1-5

	H1 2025Jun 30, 2025	H2 2024Dec 31, 2024	H1 2024Jun 30, 2024	H2 2023Dec 31, 2023	H1 2023Jun 30, 2023
Operations
Operating Cash Flow	-3.96M	5.64M	0.55M	-1.84M	-8.14M
Free Cash Flow	-3.97M	5.63M	0.55M	-1.87M	-8.95M
Capital Expenditures	-7.65K	-13.05K	-4.45K	-25.23K	-801.84K
Investing & Financing
Investing Cash Flow	-0.01M	-5.01M	-0.03M	6.99M	-7.79M
Financing Cash Flow	4.21M	0.47M	-7.41M	-1.07M	5.28M
Dividends Paid	—	—	—	—	—
Share Repurchase	—	—	—	—	—
Operating Activities
Operating Cash Flow	-3.96M	5.64M	0.55M	-1.84M	-8.14M
Net Income	-2.81M	-4.58M	-2.50M	-1.63M	-3.16M
Change in Accounts Payable	-12.95M	1.52M	-1.26M	-3.65M	1.93M
Change in Accounts Receivable	5.20M	-3.92M	2.12M	1.28M	-5.50M
Change in Inventory	5.36M	3.46M	-4.20M	9.46M	-6.11M
Change in Other Net Operating Assets	-0.48M	5.16M	5.11M	-7.54M	3.18M
Change in Working Capital	-2.86M	6.23M	1.77M	-0.45M	-6.50M
Other Operating Activities	0.31M	2.75M	0.52M	-0.55M	0.81M
Provision & Write-off of Bad Debts	140.20K	265.23K	—	76.34K	193.61K
Depreciation & Amortization	1.26M	0.92M	0.77M	0.55M	0.67M
Other Amortization	—	41.80K	—	38.05K	—
Cash Interest Paid	0.57M	0.56M	0.73M	1.11M	0.63M
Miscellaneous Cash Flow Adjustments	—	683.87K	—	—	—
Investing Activities
Investing Cash Flow	-0.01M	-5.01M	-0.03M	6.99M	-7.79M
Capital Expenditures	-7.65K	-13.05K	-4.45K	-25.23K	-801.84K
Cash Acquisitions	—	-5.00M	—	—	—
Investment in Securities	—	—	—	7.00M	-7.00M
Sale (Purchase) of Intangibles	—	—	-25.00K	—	—
Sale of Property, Plant & Equipment	—	—	—	15.48K	13.91K
Loss (Gain) From Sale of Assets	3.35K	6.98K	-6.98K	-15.48K	-13.91K
Loss (Gain) on Sale of Investments	—	—	—	138.11K	-138.11K
Financing Activities
Financing Cash Flow	4.21M	0.47M	-7.41M	-1.07M	5.28M
Common Dividends Paid	—	—	—	—	—
Issuance of Common Stock	—	—	—	—	—
Repurchase of Common Stock	—	—	—	—	—
Short-Term Debt Issued	23.68M	—	34.16M	—	29.65M
Total Debt Issued	23.68M	15.53M	34.16M	38.57M	29.65M
Long-Term Debt Repaid	-930.96K	—	-854.70K	—	-647.98K
Short-Term Debt Repaid	-17.97M	—	-39.99M	—	-23.72M
Total Debt Repaid	-18.90M	-15.07M	-40.84M	-39.64M	-24.37M
Net Debt Issued (Repaid)	4.79M	0.47M	-6.68M	-1.07M	5.28M
Other Financing Activities	-0.57M	—	-0.73M	—	—
Free Cash Flow & Returns
Free Cash Flow	-3.97M	5.63M	0.55M	-1.87M	-8.95M
Free Cash Flow Margin	-11.9%	+12.1%	+1.4%	-4.1%	-20.4%
Free Cash Flow Per Share	-0.15	0.21	0.02	-0.07	-0.35
Levered Free Cash Flow	-3.93M	31.54M	0.56M	-1.74M	-7.77M
Unlevered Free Cash Flow	-3.26M	32.06M	1.07M	-1.04M	-7.31M
Net Cash Flow	0.25M	1.78M	-6.88M	4.08M	-10.65M

Financials

Semi-annual (SAR)

MOLAN

Semi-annual (SAR)