Valuation for ANIX - findataslice

	Anixa Biosciences Inc (ANIX)
	Q1-CY2026	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014	Q3-CY2014	Q2-CY2014	Q1-CY2014
Balance Sheet Date			2025-Oct-31	2025-Jul-31	2025-Apr-30	2025-Jan-31	2024-Oct-31	2024-Jul-31	2024-Apr-30	2024-Jan-31											2021-Apr-30	2021-Jan-31	2020-Oct-31	2020-Jul-31	2020-Apr-30	2020-Jan-31	2019-Oct-31	2019-Jul-31	2019-Apr-30	2019-Jan-31	2018-Oct-31	2018-Jul-31	2018-Apr-30	2018-Jan-31	2017-Oct-31	2017-Jul-31	2017-Apr-30	2017-Jan-31	2016-Oct-31	2016-Jul-31	2016-Apr-30	2016-Jan-31	2015-Oct-31	2015-Jul-31	2015-Apr-30	2015-Jan-31	2014-Oct-31	2014-Jul-31	2014-Apr-30
Fiscal Period			Q4-FY2025	Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024	Q2-FY2024	Q1-FY2024											Q2-FY2021	Q1-FY2021	Q4-FY2020	Q3-FY2020	Q2-FY2020	Q1-FY2020	Q4-FY2019	Q3-FY2019	Q2-FY2019	Q1-FY2019	Q4-FY2018	Q3-FY2018	Q2-FY2018	Q1-FY2018	Q4-FY2017	Q3-FY2017	Q2-FY2017	Q1-FY2017	Q4-FY2016	Q3-FY2016	Q2-FY2016	Q1-FY2016	Q4-FY2015	Q3-FY2015	Q2-FY2015	Q1-FY2015	Q4-FY2014	Q3-FY2014	Q2-FY2014
Close Price of Common Stock	3.16$	3.08$	3.31$	3.28$	2.92$	2.34$	3.15$	2.17$	3.13$	3.90$	3.23$	3.16$	4.26$	4.17$	5.00$	3.04$	2.74$	2.95$	4.75$	3.88$	4.70$	3.04$	2.44$	3.12$	1.61$	3.30$	3.98$	3.53$	4.52$	3.97$
Market Cap of Common Stock	105,470,340$	101,384,098$	108,954,989$	105,652,382$	94,014,837$	75,300,011$	101,365,400$	69,454,018$	99,846,374$								82,062,740$	88,352,220$	142,262,049$	116,205,631$	125,515,916$	72,319,733$	58,046,102$	71,684,964$	33,821,394$	66,683,961$	80,424,899$	70,841,019$	88,621,002$	74,223,700$
QoQ%	4.03%	(6.95%)	3.13%	12.38%	24.85%	(25.71%)	45.95%	(30.44%)									(7.12%)	(37.90%)	22.42%	(7.42%)	73.56%	24.59%	(19.03%)	111.95%	(49.28%)	(17.09%)	13.53%	(20.06%)	19.40%
YoY%	12.19%	34.64%	7.49%	52.12%	(5.84%)												(34.62%)	22.17%	145.09%	62.11%	271.11%	8.45%	(27.83%)	1.19%	(61.84%)	(10.16%)
Common Shares Outstanding		33,376,690	33,013,829	32,822,109	32,211,092	32,196,862	32,196,862	32,146,460	32,006,460	31,754,375	31,145,219	31,017,770	30,958,665	30,922,830	30,913,902					29,949,905	31,449,905	26,179,122	24,248,695	23,653,754	21,479,335	20,841,309	20,331,754	20,162,851	20,005,075	19,470,235	18,908,632	18,696,146	16,850,445	16,631,191	16,602,759	15,120,239	11,694,863	8,758,050	8,752,387	8,747,753	8,739,659	8,730,878	8,724,878	8,720,878	218,932,190	219,712,190	8,788,176	236,822,190	219,422,190
QoQ%		1.10%	.58%	1.90%	.04%	.00%	.16%	.44%	.79%	1.96%	.41%	.19%	.12%	.03%						(4.77%)	20.13%	7.96%	2.52%	10.12%	3.06%	2.51%	.84%	.79%	2.75%	2.97%	1.14%	10.95%	1.32%	.17%	9.81%	29.29%	33.53%	.07%	.05%	.09%	.10%	.07%	.05%	(96.02%)	(.36%)	2,400.09%	(96.29%)	7.93%	4.23%
YoY%		3.66%	2.54%	2.10%	.64%	1.39%	3.38%	3.64%	3.38%	2.69%	.75%									26.62%	46.42%	25.61%	19.27%	17.31%	7.37%	7.04%	7.53%	7.85%	18.72%	17.07%	13.89%	23.65%	44.08%	89.90%	89.69%	72.85%	33.81%	.31%	.32%	.31%	(96.01%)	(96.03%)	(.72%)	(96.32%)	(.22%)	4.37%	(95.80%)	14.86%	9.77%
Price to Sales
Price to Earnings	-	-	-	-	-	-	-	-	-									-	-	-	-	-	-	-	-	-	-	-	-	-
Price to Book	6.96x	6.69x	7.19x	6.37x	5.85x	4.22x	5.07x	3.19x	4.23x									2.35x	3.78x	3.09x	3.34x	5.32x	6.63x	8.32x	6.40x	12.25x	15.36x	12.22x	13.54x	13.55x
Total Revenue											0$	0$	210,000$								0$	512,500$					0$	0$	250,000$		0$	362,500$	750,000$		0$	362,500$			200,000$	100,000$			0$	95,000$	25,000$	9,135,000$	1,375,000$	1,187,320$	1,105,000$
QoQ%											.00%	(100.00%)									(100.00%)						.00%	(100.00%)			(100.00%)	(51.67%)			(100.00%)				100.00%				(100.00%)	280.00%	(99.73%)	564.36%	15.81%	7.45%
YoY%																											.00%	(100.00%)	(66.67%)		.00%	.00%			(100.00%)	262.50%			.00%	5.26%			(100.00%)	(92.00%)	(97.74%)		255.55%	.00%	.00%
TTM																																											9,255,000$	10,630,000$	11,722,320$	12,802,320$
TTM_QoQ%																																											(12.94%)	(9.32%)	(8.44%)
TTM_YoY%
Gross Margin													100.00%									100.00%							100.00%			100.00%	100.00%			100.00%			100.00%	100.00%				100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
QoQ																																.00%							.00%					.00%	.00%	.00%	.00%	.00%
YoY																													.00%			.00%				.00%				.00%				.00%	.00%		.00%
Operating Income			(2,876,000$)	(2,436,000$)	(3,003,000$)	(3,386,000$)	(3,163,000$)	(3,592,000$)	(3,467,000$)	(3,609,000$)	(3,051,000$)	(2,844,000$)	(2,560,000$)	(2,556,000$)							(2,437,282$)	(2,233,131$)	(2,242,227$)	(2,435,969$)	(2,670,137$)	(2,629,869$)	(2,128,631$)	(2,184,412$)	(2,593,234$)	(4,983,728$)	(5,407,714$)	(5,605,804$)	(1,400,954$)	(1,874,586$)	(1,737,681$)	(1,730,925$)	(1,212,018$)	(1,394,960$)	(913,302$)	(974,884$)	(1,148,387$)	(1,472,439$)	(1,177,529$)	(1,490,721$)	(2,133,238$)	3,856,729$	(1,564,473$)	(159,583$)	(1,355,269$)
QoQ%			(18.06%)	18.88%	11.31%	(7.05%)	11.94%	(3.61%)	3.94%	(18.29%)	(7.28%)	(11.09%)	(.16%)								(9.14%)	.41%	7.95%	8.77%	(1.53%)	(23.55%)	2.55%	15.77%	47.97%	7.84%	3.53%	(300.14%)	25.27%	(7.88%)	(.39%)	(42.81%)	13.11%	(52.74%)	6.32%	15.11%	22.01%	(25.05%)	21.01%	30.12%	(155.31%)	346.52%	(880.35%)	88.23%	31.02%
YoY%			9.07%	32.18%	13.38%	6.18%	(3.67%)	(26.30%)	(35.43%)	(41.20%)											8.72%	15.09%	(5.34%)	(11.52%)	(2.97%)	47.23%	60.64%	61.03%	(85.11%)	(165.86%)	(211.20%)	(223.86%)	(15.59%)	(34.38%)	(90.26%)	(77.55%)	(5.54%)	5.26%	22.44%	34.60%	46.17%	(138.18%)	24.73%	(834.14%)	(57.40%)	296.30%	11.87%	92.81%	26.78%
TTM			(11,701,000$)	(11,988,000$)	(13,144,000$)	(13,608,000$)	(13,831,000$)	(13,719,000$)	(12,971,000$)	(12,064,000$)	(11,011,000$)										(9,348,609$)	(9,581,464$)	(9,978,202$)	(9,864,606$)	(9,613,049$)	(9,536,146$)	(11,890,005$)	(15,169,088$)	(18,590,480$)	(17,398,200$)	(14,289,058$)	(10,619,025$)	(6,744,146$)	(6,555,210$)	(6,075,584$)	(5,251,205$)	(4,495,164$)	(4,431,533$)	(4,509,012$)	(4,773,239$)	(5,289,076$)	(6,273,927$)	(944,759$)	(1,331,703$)	(565$)	777,404$	(5,044,068$)	(5,254,820$)	(7,313,842$)
TTM_QoQ%			2.39%	8.80%	3.41%	1.61%	(.82%)	(5.77%)	(7.52%)	(9.56%)											2.43%	3.98%	(1.15%)	(2.62%)	(.81%)	19.80%	21.62%	18.40%	(6.85%)	(21.76%)	(34.56%)	(57.46%)	(2.88%)	(7.89%)	(15.70%)	(16.82%)	(1.44%)	1.72%	5.54%	9.75%	15.70%	(564.08%)	29.06%	(235,599.65%)	(100.07%)	115.41%	4.01%	28.15%	6.35%
TTM_YoY%			15.40%	12.62%	(1.33%)	(12.80%)	(25.61%)														2.75%	(.48%)	16.08%	34.97%	48.29%	45.19%	16.79%	(42.85%)	(175.65%)	(165.41%)	(135.19%)	(102.22%)	(50.03%)	(47.92%)	(34.74%)	(10.01%)	15.01%	29.37%	(377.27%)	(258.43%)	(936,019.65%)	(907.04%)	81.27%	74.66%	99.99%	109.95%	36.29%	33.21%	(16.22%)
Operating Margin													(1,219.05%)									(435.73%)							(1,037.29%)			(1,546.43%)	(186.79%)			(477.50%)			(456.65%)	(974.88%)				(1,569.18%)	(8,532.95%)	42.22%	(113.78%)	(13.44%)	(122.65%)
QoQ																																(1,359.64%)							518.23%					6,963.77%	(8,575.17%)	156.00%	(100.34%)	109.21%
YoY																													(850.50%)			(1,068.93%)				497.39%				594.30%				(1,555.74%)	(8,410.30%)		345.27%
Net Income			(2,722,000$)	(2,280,000$)	(2,813,000$)	(3,213,000$)	(2,913,000$)	(3,315,000$)	(3,180,000$)	(3,290,000$)	(2,721,000$)	(2,548,000$)	(2,307,000$)	(2,354,000$)							(2,436,889$)	(2,232,377$)	(2,241,011$)	(2,576,787$)	(2,657,990$)	(2,616,575$)	(2,111,061$)	(2,166,048$)	(2,574,934$)	(4,966,609$)	(5,391,520$)	(5,593,576$)	(1,392,514$)	(1,865,474$)	(1,785,820$)	(1,794,400$)	160,489$	(1,589,260$)	(1,047,670$)	(1,103,775$)	(1,271,894$)	(1,593,089$)	(1,292,413$)	(1,602,179$)	(2,236,671$)	3,752,220$	(3,153,444$)	411,001$	(3,249,443$)
QoQ%			(19.39%)	18.95%	12.45%	(10.30%)	12.13%	(4.25%)	3.34%	(20.91%)	(6.79%)	(10.45%)	2.00%								(9.16%)	.39%	13.03%	3.06%	(1.58%)	(23.95%)	2.54%	15.88%	48.16%	7.88%	3.61%	(301.69%)	25.35%	(4.46%)	.48%	(1,218.08%)	110.10%	(51.70%)	5.08%	13.22%	20.16%	(23.27%)	19.33%	28.37%	(159.61%)	218.99%	(867.26%)	112.65%	10.10%
YoY%			6.56%	31.22%	11.54%	2.34%	(7.06%)	(30.10%)	(37.84%)	(39.76%)											8.32%	14.68%	(6.16%)	(18.96%)	(3.23%)	47.32%	60.85%	61.28%	(84.91%)	(166.24%)	(201.91%)	(211.72%)	(967.67%)	(17.38%)	(70.46%)	(62.57%)	112.62%	.24%	18.94%	31.11%	43.14%	(142.46%)	59.02%	(489.82%)	31.17%	203.81%	(7.75%)	115.92%	(31.21%)
TTM			(11,028,000$)	(11,219,000$)	(12,254,000$)	(12,621,000$)	(12,698,000$)	(12,506,000$)	(11,739,000$)	(10,866,000$)	(9,930,000$)										(9,487,064$)	(9,708,165$)	(10,092,363$)	(9,962,413$)	(9,551,674$)	(9,468,618$)	(11,818,652$)	(15,099,111$)	(18,526,639$)	(17,344,219$)	(14,243,084$)	(10,637,384$)	(6,838,208$)	(5,285,205$)	(5,008,991$)	(4,270,841$)	(3,580,216$)	(5,012,599$)	(5,016,428$)	(5,261,171$)	(5,759,575$)	(6,724,352$)	(1,379,043$)	(3,240,074$)	(1,226,894$)	(2,239,666$)	(9,606,314$)	(9,379,624$)	(12,372,517$)
TTM_QoQ%			1.70%	8.45%	2.91%	.61%	(1.54%)	(6.53%)	(8.03%)	(9.43%)											2.28%	3.81%	(1.30%)	(4.30%)	(.88%)	19.88%	21.73%	18.50%	(6.82%)	(21.77%)	(33.90%)	(55.56%)	(29.38%)	(5.51%)	(17.28%)	(19.29%)	28.58%	.08%	4.65%	8.65%	14.35%	(387.61%)	57.44%	(164.09%)	45.22%	76.69%	(2.42%)	24.19%	(6.66%)
TTM_YoY%			13.15%	10.29%	(4.39%)	(16.15%)	(27.88%)														.68%	(2.53%)	14.61%	34.02%	48.44%	45.41%	17.02%	(41.94%)	(170.93%)	(228.17%)	(184.35%)	(149.07%)	(91.00%)	(5.44%)	.15%	18.82%	37.84%	25.46%	(263.76%)	(62.38%)	(369.44%)	(200.24%)	85.64%	65.46%	90.08%	80.69%	4.70%	(4.06%)	(75.22%)
Profit Margin													(1,098.57%)									(435.59%)							(1,029.97%)			(1,543.06%)	(185.67%)			(495.01%)			(523.84%)	(1,103.78%)				(1,686.50%)	(8,946.68%)	41.08%	(229.34%)	34.62%	(294.07%)
QoQ																																(1,357.39%)							579.94%					7,260.18%	(8,987.76%)	270.42%	(263.96%)	328.68%
YoY																													(844.31%)			(1,048.05%)				608.77%				582.73%				(1,721.12%)	(8,652.62%)		527.47%
Equity to Common Shareholders			15,161,000$	16,595,000$	16,068,000$	17,852,000$	19,998,000$	21,771,000$	23,623,000$	24,605,000$	24,337,000$	24,585,000$	25,913,000$	26,912,000$	28,200,000$						37,613,758$	13,599,984$	8,761,356$	8,618,014$	5,287,154$	5,444,607$	5,235,353$	5,798,564$	6,543,052$	5,479,415$	5,434,808$	6,326,412$	6,066,346$	6,435,800$	7,922,923$	5,487,934$	3,589,431$	(3,818,572$)	987,475$	1,718,210$	2,559,759$	3,591,167$	5,053,601$	5,997,705$	6,990,210$	8,257,572$	4,009,573$	149,709$	(4,845,550$)
QoQ			(1,434,000$)	527,000$	(1,784,000$)	(2,146,000$)	(1,773,000$)	(1,852,000$)	(982,000$)	268,000$	(248,000$)	(1,328,000$)	(999,000$)	(1,288,000$)							24,013,774$	4,838,628$	143,342$	3,330,860$	(157,453$)	209,254$	(563,211$)	(744,488$)	1,063,637$	44,607$	(891,604$)	260,066$	(369,454$)	(1,487,123$)	2,434,989$	1,898,503$	7,408,003$	(4,806,047$)	(730,735$)	(841,549$)	(1,031,408$)	(1,462,434$)	(944,104$)	(992,505$)	(1,267,362$)	4,247,999$	3,859,864$	4,995,259$	823,887$
QoQ%			(8.64%)	3.28%	(9.99%)	(10.73%)	(8.14%)	(7.84%)	(3.99%)	1.10%	(1.01%)	(5.13%)	(3.71%)	(4.57%)							176.57%	55.23%	1.66%	63.00%	(2.89%)	4.00%	(9.71%)	(11.38%)	19.41%	.82%	(14.09%)	4.29%	(5.74%)	(18.77%)	44.37%	52.89%	194.00%	(486.70%)	(42.53%)	(32.88%)	(28.72%)	(28.94%)	(15.74%)	(14.20%)	(15.35%)	105.95%	2,578.24%	103.09%	14.53%
YoY			(4,837,000$)	(5,176,000$)	(7,555,000$)	(6,753,000$)	(4,339,000$)	(2,814,000$)	(2,290,000$)	(2,307,000$)	(3,863,000$)										32,326,604$	8,155,377$	3,526,003$	2,819,450$	(1,255,898$)	(34,808$)	(199,455$)	(527,848$)	476,706$	(956,385$)	(2,488,115$)	838,478$	2,476,915$	10,254,372$	6,935,448$	3,769,724$	1,029,672$	(7,409,739$)	(4,066,126$)	(4,279,495$)	(4,430,451$)	(4,666,405$)	1,044,028$	5,847,996$	11,835,760$	13,927,009$	7,330,166$	3,387,349$	(3,399,420$)
YoY%			(24.19%)	(23.78%)	(31.98%)	(27.45%)	(17.83%)	(11.45%)	(8.84%)	(8.57%)	(13.70%)										611.42%	149.79%	67.35%	48.62%	(19.19%)	(.64%)	(3.67%)	(8.34%)	7.86%	(14.86%)	(31.40%)	15.28%	69.01%	268.54%	702.34%	219.40%	40.23%	(206.33%)	(80.46%)	(71.35%)	(63.38%)	(56.51%)	26.04%	3,906.24%	244.26%	245.65%	220.75%	104.62%	(235.07%)
Dividends Paid
Additional Paid-In Capital QoQ			1,259,000$	2,779,000$	1,000,000$	1,038,000$	1,115,000$	1,424,000$	2,155,000$	3,516,000$											26,359,917$	7,027,614$	2,361,428$	5,870,800$	2,476,260$	2,796,701$	1,522,593$	1,393,962$	3,595,981$	4,920,832$	4,408,764$	5,718,535$	1,006,888$	350,665$	4,205,983$	3,658,650$	7,218,146$	(3,202,844$)	316,889$	262,145$			348,269$	3,047,787$	977,109$	(1,949,461$)	4,233,277$	4,236,740$	3,993,258$
Treasury Stock						6,000$	6,000$
QoQ						0$
Goodwill
QoQ%
YoY%
Other Intangible Assets
QoQ
Amortization of Intangible Assets																											0$	41,875$	125,625$	251,250$	81,324$	81,324$	81,324$	81,324$	81,323$	81,325$	81,324$	81,324$	81,324$	81,324$	81,324$	81,324$	81,319$	81,324$	81,324$	81,324$	81,324$	81,289$	81,359$
Total Assets			16,080,000$	17,651,000$	16,977,000$	18,906,000$	21,591,000$	22,908,000$	24,355,000$	25,372,000$	25,522,000$										38,497,522$	14,604,402$	9,452,964$	9,361,781$	5,924,895$	9,452,964$	6,293,693$	6,842,706$	7,765,426$	6,470,349$	6,448,542$	7,293,529$	7,360,903$	7,490,638$	8,812,416$	8,414,622$	7,249,454$	4,218,550$	5,628,107$	6,321,259$	7,205,757$	8,647,262$	9,335,570$	10,279,431$	11,132,965$	13,270,392$	9,055,356$	13,399,335$	10,500,279$
QoQ			(1,571,000$)	674,000$	(1,929,000$)	(2,685,000$)	(1,317,000$)	(1,447,000$)	(1,017,000$)	(150,000$)											23,893,120$	5,151,438$	91,183$	3,436,886$	(3,528,069$)	3,159,271$	(549,013$)	(922,720$)	1,295,077$	21,807$	(844,987$)	(67,374$)	(129,735$)	(1,321,778$)	397,794$	1,165,168$	3,030,904$	(1,409,557$)	(693,152$)	(884,498$)	(1,441,505$)	(688,308$)	(943,861$)	(853,534$)	(2,137,427$)	4,215,036$	(4,343,979$)	2,899,056$	173,131$
YoY			(5,511,000$)	(5,257,000$)	(7,378,000$)	(6,466,000$)	(3,931,000$)														32,572,627$	5,151,438$	3,159,271$	2,519,075$	(1,840,531$)	2,982,615$	(154,849$)	(450,823$)	404,523$	(1,020,289$)	(2,363,874$)	(1,121,093$)	111,449$	3,272,088$	3,184,309$	2,093,363$	43,697$	(4,428,712$)	(3,707,463$)	(3,958,172$)	(3,927,208$)	(4,623,130$)	280,214$	(3,119,904$)	632,686$	2,943,244$	3,615,818$	8,091,769$	3,145,913$
Total Liabilities			2,130,000$	2,240,000$	2,071,000$	2,193,000$	2,703,000$	2,217,000$	1,774,000$	1,768,000$	2,151,000$										1,442,871$	1,525,487$	1,188,591$	1,223,774$	1,102,645$	1,166,351$	1,481,315$	1,443,549$	1,595,761$	1,327,079$	1,265,111$	1,129,467$	1,340,257$	1,086,558$	889,493$	2,926,688$	3,660,023$	8,037,122$	4,640,632$	4,603,049$	4,645,998$	5,056,095$	4,281,969$	4,281,726$	4,142,755$	5,012,820$	5,045,783$	13,249,626$	15,345,829$
QoQ			(110,000$)	169,000$	(122,000$)	(510,000$)	486,000$	443,000$	6,000$	(383,000$)											(82,616$)	336,896$	(35,183$)	121,129$	(63,706$)	(314,964$)	37,766$	(152,212$)	268,682$	61,968$	135,644$	(210,790$)	253,699$	197,065$	(2,037,195$)	(733,335$)	(4,377,099$)	3,396,490$	37,583$	(42,949$)	(410,097$)	774,126$	243$	138,971$	(870,065$)	(32,963$)	(8,203,843$)	(2,096,203$)	(650,756$)
YoY			(573,000$)	23,000$	297,000$	425,000$	552,000$														340,226$	359,136$	(292,724$)	(219,775$)	(493,116$)	(160,728$)	216,204$	314,082$	255,504$	240,521$	375,618$	(1,797,221$)	(2,319,766$)	(6,950,564$)	(3,751,139$)	(1,676,361$)	(985,975$)	2,981,027$	358,663$	321,323$	503,243$	43,275$	(763,814$)	(8,967,900$)	(11,203,074$)	(10,983,765$)	(3,714,348$)	4,704,420$	6,545,333$
Current Ratio			8.08x	8.45x	8.89x	9.35x	8.54x	11.31x	14.40x	15.19x	12.50x										26.66x	9.55x	7.88x	7.64x	5.25x	5.21x	4.11x	4.59x	4.70x	4.70x	4.38x	5.06x	4.27x	5.32x	7.89x	2.20x	1.42x	.56x	7.25x	7.53x	6.79x	4.97x	11.61x	10.90x	12.38x	6.34x	3.49x	.77x	.34x
Total Current Assets			15,887,000$	17,449,000$	16,766,000$	18,686,000$	21,362,000$	22,670,000$	24,214,000$	25,219,000$	25,356,000$										38,471,948$	14,564,190$	9,368,624$	9,263,799$	5,656,787$	5,868,683$	6,093,124$	6,627,569$	7,493,532$	6,236,309$	5,538,372$	5,719,586$	5,720,631$	5,775,359$	7,013,940$	6,446,091$	5,191,544$	2,068,543$	3,400,392$	4,005,673$	4,801,353$	6,186,600$	6,895,747$	7,754,457$	8,522,836$	10,571,063$	6,321,823$	6,435,477$	3,630,269$
QoQ			(1,562,000$)	683,000$	(1,920,000$)	(2,676,000$)	(1,308,000$)	(1,544,000$)	(1,005,000$)	(137,000$)											23,907,758$	5,195,566$	104,825$	3,607,012$	(211,896$)	(224,441$)	(534,445$)	(865,963$)	1,257,223$	697,937$	(181,214$)	(1,045$)	(54,728$)	(1,238,581$)	567,849$	1,254,547$	3,123,001$	(1,331,849$)	(605,281$)	(795,680$)	(1,385,247$)	(709,147$)	(858,710$)	(768,379$)	(2,048,227$)	4,249,240$	(113,654$)	2,805,208$	262,829$
Total Current Liabilities			1,967,000$	2,066,000$	1,887,000$	1,999,000$	2,500,000$	2,004,000$	1,681,000$	1,660,000$	2,028,000$										1,442,871$	1,525,487$	1,188,591$	1,213,207$	1,076,681$	1,125,516$	1,481,315$	1,443,549$	1,595,761$	1,327,079$	1,265,111$	1,129,467$	1,340,257$	1,086,558$	889,493$	2,926,688$	3,660,023$	3,723,947$	468,756$	531,624$	706,930$	1,244,007$	593,782$	711,666$	688,676$	1,667,353$	1,809,502$	8,356,971$	10,681,587$
QoQ			(99,000$)	179,000$	(112,000$)	(501,000$)	496,000$	323,000$	21,000$	(368,000$)											(82,616$)	336,896$	(24,616$)	136,526$	(48,835$)	(355,799$)	37,766$	(152,212$)	268,682$	61,968$	135,644$	(210,790$)	253,699$	197,065$	(2,037,195$)	(733,335$)	(63,924$)	3,255,191$	(62,868$)	(175,306$)	(537,077$)	650,225$	(117,884$)	22,990$	(978,677$)	(142,149$)	(6,547,469$)	(2,324,616$)	(865,999$)
Debt to Asset Ratio			.13x	.13x	.12x	.12x	.13x	.10x	.07x	.07x	.08x										.04x	.10x	.13x	.13x	.19x	.12x	.24x	.21x	.21x	.21x	.20x	.15x	.18x	.15x	.10x	.35x	.50x	1.91x	.82x	.73x	.64x	.58x	.46x	.42x	.37x	.38x	.56x	.99x	1.46x
Long Term Debt																																										370,181$	370,181$
QoQ
YoY
Capital Lease Obligations			204,000$	213,000$	221,000$	230,000$	232,000$	237,000$	149,000$	162,000$											25,964$	40,836$	55,198$	68,762$	81,712$	94,219$
Cash and Cash Equivalents			1,244,000$	1,495,000$	1,910,000$	1,053,000$	1,271,000$	1,225,000$	995,000$	998,000$	915,000$										27,703,435$	11,982,870$	6,417,061$	5,928,007$	2,888,197$	2,821,882$	3,491,625$	4,396,853$	3,822,306$	4,152,638$	3,055,890$	2,591,099$	4,172,450$	2,846,863$	3,339,374$	1,833,768$	2,876,897$	1,399,954$	2,488,323$	2,049,245$	2,612,321$	3,980,826$	4,369,219$	5,160,845$	6,080,310$	7,809,564$	3,361,246$	3,651,564$	617,719$
QoQ			(251,000$)	(415,000$)	857,000$	(218,000$)	46,000$	230,000$	(3,000$)	83,000$											15,720,565$	5,565,809$	489,054$	3,039,810$	66,315$	(669,743$)	(905,228$)	574,547$	(330,332$)	1,096,748$	464,791$	(1,581,351$)	1,325,587$	(492,511$)	1,505,606$	(1,043,129$)	1,476,943$	(1,088,369$)	439,078$	(563,076$)	(1,368,505$)	(388,393$)	(791,626$)	(919,465$)	(1,729,254$)	4,448,318$	(290,318$)	3,033,845$	(158,422$)
YoY			(27,000$)	270,000$	915,000$	55,000$	356,000$														24,815,238$	9,160,988$	2,925,436$	1,531,154$	(934,109$)	(1,330,756$)	435,735$	1,805,754$	(350,144$)	1,305,775$	(283,484$)	757,331$	1,295,553$	1,446,909$	851,051$	(215,477$)	264,576$	(2,580,872$)	(1,880,896$)	(3,111,600$)	(3,467,989$)	(3,828,738$)	1,007,973$	1,509,281$	5,462,591$	7,033,423$	2,463,074$	2,669,533$	(656,033$)
Interest Expenses																								7,266$				18,364$							57,762$	71,667$	175,727$	195,299$	136,708$	132,357$	126,980$	123,901$	118,127$	115,981$	108,612$	109,186$	181,576$	280,913$	422,463$
Interest Income																									12,147$	13,294$	17,570$	18,364$	18,300$	17,119$	16,194$	12,228$	8,440$	9,112$	9,623$	8,192$	626$	999$	2,340$	3,466$	3,473$	3,251$	3,243$	4,523$	5,179$	4,677$	3,778$	1,497$	1,908$