Valuation for LEXX - findataslice

	Lexaria Bioscience Corp. (LEXX)
	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-Nov-30				2024-Nov-30				2023-Nov-30				2022-Nov-30				2021-Nov-30				2020-Nov-30				2019-Nov-30				2018-Nov-30				2017-Nov-30				2016-Nov-30				2015-Nov-30		2015-Aug-31	2015-Feb-28	2014-Nov-30		2014-Jul-31	2014-Apr-30
Fiscal Period		Q4-FY2025				Q4-FY2024				Q4-FY2023				Q4-FY2022				Q4-FY2021				Q4-FY2020				Q4-FY2019				Q4-FY2018				Q4-FY2017				Q4-FY2016				Q4-FY2015		Q3-FY2015	Q2-FY2015	Q1-FY2015		Q3-FY2014	Q2-FY2014
Close Price of Common Stock	0.74$	0.61$	0.95$	0.87$	1.69$	2.10$	3.01$	2.60$	3.79$	1.25$	0.97$	0.73$	2.64$	2.44$	2.48$	2.99$	3.30$	4.03$	6.27$	7.04$	5.49$
Market Cap of Common Stock	16,409,342$	13,646,669$	18,598,823$	15,341,455$	29,576,121$	36,650,447$	47,588,717$	33,502,750$	39,550,321$	12,845,801$	7,869,130$	4,352,765$	15,710,635$	14,490,680$	14,758,475$	17,793,484$	18,898,107$	23,078,597$	32,004,162$	35,934,497$	28,022,783$
QoQ%	20.24%	(26.63%)	21.23%	(48.13%)	(19.30%)	(22.99%)	42.04%	(15.29%)	207.89%	63.24%	80.79%	(72.29%)	8.42%	(1.82%)	(17.06%)	(5.85%)	(18.11%)	(27.89%)	(10.94%)	28.23%
YoY%	(44.52%)	(62.77%)	(60.92%)	(54.21%)	(25.22%)	185.31%	504.75%	669.69%	151.74%	(11.35%)	(46.68%)	(75.54%)	(16.87%)	(37.21%)	(53.89%)	(50.48%)	(32.56%)
Common Shares Outstanding	24,887,446	22,225,846	19,559,179	19,459,179	17,449,179	17,452,594	19,559,179	15,810,205	12,387,673	10,311,641	8,091,650	8,091,650	5,950,998	5,950,998	5,950,998	5,950,998	5,950,998	5,726,699	5,726,699	5,104,332	5,104,332	3,001,476	3,001,476	89,587,090	80,720,879	80,610,879	78,787,134	78,437,134	78,002,086	77,120,421	75,533,471	72,397,305	71,097,305	69,435,198	67,975,761	66,552,303	56,293,479	55,011,009	51,288,477	45,513,282	44,553,282	39,952,984		43,838,282	34,682,984	34,444,890	34,249,690	32,824,664	31,839,664
QoQ%	11.98%	13.63%	.51%	11.52%	(.02%)	(10.77%)	23.71%	27.63%	20.13%	27.44%	.00%	35.97%	.00%	.00%	.00%	.00%	3.92%	.00%	12.19%	.00%	70.06%	.00%	(96.65%)	10.98%	.14%	2.32%	.45%	.56%	1.14%	2.10%	4.33%	1.83%	2.39%	2.15%	2.14%	18.22%	2.33%	7.26%	12.69%	2.16%	11.51%	(8.86%)		26.40%	.69%	.57%	4.34%	3.09%	88.05%
YoY%	42.63%	27.35%	.00%	23.08%	40.86%	69.25%	141.72%	95.39%	108.16%	73.28%	35.97%	35.97%	.00%	3.92%	3.92%	16.59%	16.59%	90.80%	90.80%	(94.30%)	(93.68%)	(96.28%)	(96.19%)	14.22%	3.49%	4.53%	4.31%	8.34%	9.71%	11.07%	11.12%	8.78%	26.30%	26.22%	32.54%	46.23%	26.35%	37.69%	17.00%	31.23%	29.35%	16.65%		33.55%	8.93%	103.44%	108.44%	99.77%	93.77%
Price to Sales
Price to Earnings													-	-	-	-	-	-	-	-	-
Price to Book	3.34x	2.78x	6.22x	2.76x	4.14x	3.75x	5.92x	3.31x	6.07x	3.43x	2.59x	.99x	3.16x	2.31x	1.86x	1.94x	1.68x	2.01x	2.45x	3.50x	2.39x
Total Revenue				174,000$	174,000$	183,923$		84,000$	145,000$	151,278$		77,707$	20,025$	97,735$		99,717$	30,650$	13,880$		204,055$	192,006$	295,656$		36,423$	37,549$	10,332$		59,931$	15,349$	22,209$		140,340$	171,958$	24,635$		29,253$	12,602$	9,225$		6,215$	15,154$	10,787$			2,883$	0$	0$	0$	0$
QoQ%				.00%	(5.40%)			(42.07%)	(4.15%)			288.05%	(79.51%)			225.34%	120.82%			6.28%	(35.06%)			(3.00%)	263.42%			290.46%	(30.89%)			(18.39%)	598.02%			132.13%	36.61%			(58.99%)	40.48%				.00%	.00%	.00%	.00%
YoY%				107.14%	20.00%	21.58%		8.10%	624.10%	54.78%		(22.07%)	(34.67%)	604.14%		(51.13%)	(84.04%)	(95.31%)		460.24%	411.35%	2,761.56%		(39.23%)	144.64%	(53.48%)		(57.30%)	(91.07%)	(9.85%)		379.75%	1,264.53%	167.05%		370.68%	(16.84%)	(14.48%)		115.57%	.00%	.00%			.00%
TTM																																													2,883$	0$
TTM_QoQ%																																													.00%
TTM_YoY%
Gross Margin				100.00%	100.00%	98.52%		100.00%	100.00%	96.81%		83.60%	85.23%	83.84%		81.31%	79.16%	59.87%		70.60%	84.08%	78.19%		44.21%	(54.75%)	23.99%		94.83%	82.47%	90.28%		98.27%	92.03%	75.24%		68.61%	(18.01%)	90.37%		(49.78%)	(26.94%)	(33.34%)			28.82%
QoQ				.00%	1.48%			.00%	3.19%			(1.63%)	1.39%			2.15%	19.29%			(13.48%)	5.89%			98.96%	(78.74%)			12.36%	(7.81%)			6.25%	16.78%			86.62%	(108.39%)			(22.84%)	6.39%
YoY				.00%	.00%	1.71%		16.40%	14.77%	12.97%		2.28%	6.07%	23.97%		10.71%	(4.92%)	(18.32%)		26.39%	138.83%	54.20%		(50.62%)	(137.22%)	(66.29%)		(3.44%)	(9.55%)	15.04%		29.66%	110.04%	(15.13%)		118.39%	8.93%	123.71%		(78.61%)
Operating Income		(1,573,631$)		(3,750,421$)	(2,751,012$)	(2,690,707$)		(1,742,919$)	(668,005$)	(1,139,142$)		(2,400,865$)	(1,323,625$)	(1,695,419$)		(2,418,338$)				(2,566,552$)														(578,713$)				(400,553$)		(264,201$)	(274,557$)	(411,742$)			(458,608$)	(398,073$)	(396,163$)	(567,954$)
QoQ%				(36.33%)	(2.24%)			(160.91%)	41.36%			(81.39%)	21.93%																											3.77%	33.32%				(15.21%)	(.48%)	30.25%
YoY%		41.52%		(115.18%)	(311.83%)	(136.21%)		27.41%	49.53%	32.81%		.72%				5.78%																		(44.48%)				2.72%		42.39%	31.03%	(3.93%)						(884.85%)
TTM																																													(1,820,798$)
TTM_QoQ%
TTM_YoY%
Operating Margin				(2,155.41%)	(1,581.04%)	(1,462.95%)		(2,074.90%)	(460.69%)	(753.01%)		(3,089.64%)	(6,609.86%)	(1,734.71%)		(2,425.20%)				(1,257.78%)														(2,349.15%)				(4,342.04%)		(4,251.02%)	(1,811.78%)	(3,817.02%)			(15,907.32%)
QoQ				(574.37%)	(118.09%)			(1,614.21%)	292.32%			3,520.23%	(4,875.15%)																											(2,439.24%)	2,005.24%
YoY				(80.51%)	(1,120.35%)	(709.94%)		1,014.73%	6,149.17%	981.70%		(664.44%)				(1,167.43%)																		1,992.89%				(525.02%)		11,656.30%
Net Income		(1,597,503$)		(3,790,606$)	(2,716,972$)	(2,706,628$)		(1,784,312$)	(652,733$)	(1,185,038$)		(2,383,566$)	(1,310,638$)	(1,769,306$)		(2,418,338$)	(1,448,673$)	2,003,482$	(1,178,092$)	(2,556,997$)	404,111$	(696,028$)	(714,958$)	(1,361,381$)	(950,344$)	(907,313$)	(1,078,248$)	(1,171,805$)	(1,147,976$)	(701,391$)	(1,227,184$)	(3,424,912$)	(1,378,378$)	(578,713$)		(339,130$)	(447,782$)	(395,445$)		(258,028$)	(259,842$)	(411,742$)			(439,916$)	(398,073$)	0$	0$	0$
QoQ%				(39.52%)	(.38%)			(173.36%)	44.92%			(81.86%)	25.92%			(66.94%)	(172.31%)	270.06%	53.93%	(732.75%)	158.06%	2.65%	47.48%	(43.25%)	(4.74%)	15.85%	7.98%	(2.08%)	(63.67%)	42.85%	64.17%	(148.47%)	(138.18%)			24.26%	(13.24%)			.70%	36.89%				(10.51%)	.00%	.00%	.00%	100.00%
YoY%		40.98%		(112.44%)	(316.25%)	(128.40%)		25.14%	50.20%	33.02%		1.44%	9.53%	(188.31%)		5.42%	(458.48%)	387.85%	(64.78%)	(87.82%)	142.52%	23.29%	33.69%	(16.18%)	17.22%	(29.36%)	12.14%	65.79%	16.72%	(21.20%)		(909.91%)	(207.82%)	(46.35%)		(31.43%)	(72.33%)	3.96%		41.35%	34.73%	.00%			.00%	(427.47%)
TTM																(3,041,621$)	(3,180,280$)	(1,327,496$)	(4,027,006$)	(3,563,872$)	(2,368,256$)	(3,722,711$)	(3,933,996$)	(4,297,286$)	(4,107,710$)	(4,305,342$)	(4,099,420$)	(4,248,356$)	(6,501,463$)	(6,731,865$)	(6,609,187$)														(837,989$)	(398,073$)	(75,468$)
TTM_QoQ%																4.36%	(139.57%)	67.04%	(13.00%)	(50.49%)	36.38%	5.37%	8.45%	(4.62%)	4.59%	(5.02%)	3.51%	34.66%	3.42%	(1.86%)															(110.51%)	(427.47%)
TTM_YoY%																14.65%	(34.29%)	64.34%	(2.36%)	17.07%	42.35%	13.53%	4.04%	(1.15%)	36.82%	36.05%	37.97%
Profit Margin				(2,178.51%)	(1,561.48%)	(1,471.61%)		(2,124.18%)	(450.16%)	(783.35%)		(3,067.38%)	(6,545.01%)	(1,810.31%)		(2,425.20%)	(4,726.50%)	14,434.31%		(1,253.09%)	210.47%	(235.42%)		(3,737.70%)	(2,530.94%)	(8,781.58%)		(1,955.26%)	(7,479.16%)	(3,158.14%)		(2,440.44%)	(801.58%)	(2,349.15%)		(1,159.30%)	(3,553.26%)	(4,286.67%)		(4,151.70%)	(1,714.68%)	(3,817.02%)			(15,258.97%)
QoQ				(617.03%)	(89.87%)			(1,674.02%)	333.19%			3,477.63%	(4,734.70%)			2,301.30%	(19,160.81%)			(1,463.56%)	445.89%			(1,206.75%)	6,250.64%			5,523.90%	(4,321.02%)			(1,638.86%)	1,547.57%			2,393.96%	733.41%			(2,437.02%)	2,102.34%
YoY				(54.33%)	(1,111.32%)	(688.26%)		943.20%	6,094.85%	1,026.96%		(642.18%)	(1,818.51%)	(16,244.62%)		(1,172.11%)	(4,936.97%)	14,669.73%		2,484.60%	2,741.41%	8,546.16%		(1,782.44%)	4,948.21%	(5,623.44%)		485.18%	(6,677.58%)	(808.99%)		(1,281.14%)	2,751.68%	1,937.52%		2,992.40%	(1,838.59%)	(469.65%)		11,107.27%
Equity to Common Shareholders		4,912,892$	2,989,697$	5,552,073$	7,144,806$	9,774,334$	8,036,400$	10,122,630$	6,520,789$	3,742,489$	3,044,118$	4,395,490$	4,974,131$	6,261,736$	7,948,904$	9,183,496$	11,219,942$	11,468,614$	13,063,552$	10,266,174$	11,702,865$	1,821,024$	2,482,258$	3,200,533$	1,922,936$	2,615,135$	2,490,712$	3,324,805$	3,773,464$	3,414,276$	2,388,186$	2,637,436$	2,772,199$	2,401,520$	2,767,831$	3,264,885$	691,168$	806,738$	266,045$	120,690$	264,950$	463,814$		772,409$	1,144,912$	1,415,629$	1,717,098$	3,549,545$	3,732,549$
QoQ		1,923,195$	(2,562,376$)	(1,592,733$)	(2,629,528$)	1,737,934$	(2,086,230$)	3,601,841$	2,778,300$	698,371$	(1,351,372$)	(578,641$)	(1,287,605$)	(1,687,168$)	(1,234,592$)	(2,036,446$)	(248,672$)	(1,594,938$)	2,797,378$	(1,436,691$)	9,881,841$	(661,234$)	(718,275$)	1,277,597$	(692,199$)	124,423$	(834,093$)	(448,659$)	359,188$	1,026,090$	(249,250$)	(134,763$)	370,679$	(366,311$)	(497,054$)	2,573,717$	(115,570$)	540,693$	145,355$	(144,260$)	(198,864$)	(308,595$)		(372,503$)	(270,717$)	(301,469$)	(1,832,447$)	(183,004$)	1,705,537$
QoQ%		64.33%	(46.15%)	(22.29%)	(26.90%)	21.63%	(20.61%)	55.24%	74.24%	22.94%	(30.75%)	(11.63%)	(20.56%)	(21.23%)	(13.44%)	(18.15%)	(2.17%)	(12.21%)	27.25%	(12.28%)	542.65%	(26.64%)	(22.44%)	66.44%	(26.47%)	5.00%	(25.09%)	(11.89%)	10.52%	42.97%	(9.45%)	(4.86%)	15.44%	(13.24%)	(15.22%)	372.37%	(14.33%)	203.23%	120.44%	(54.45%)	(42.88%)	(39.95%)		(32.54%)	(19.12%)	(17.56%)	(51.63%)	(4.90%)	84.14%
YoY		(4,861,442$)	(5,046,703$)	(4,570,557$)	624,017$	6,031,845$	4,992,282$	5,727,140$	1,546,658$	(2,519,247$)	(4,904,786$)	(4,788,006$)	(6,245,811$)	(5,206,878$)	(5,114,648$)	(1,082,678$)	(482,923$)	9,647,590$	10,581,294$	7,065,641$	9,779,929$	(794,111$)	(8,454$)	(124,272$)	(1,850,528$)	(799,141$)	102,526$	687,369$	1,001,265$	1,012,756$	(379,645$)	(627,449$)	2,081,031$	1,594,782$	2,501,786$	3,144,195$	426,218$	342,924$	(506,364$)	(1,024,222$)	(1,150,679$)	(1,253,284$)		(2,777,136$)	(2,587,637$)	(611,383$)	(381,806$)	1,324,373$	1,470,985$
YoY%		(49.74%)	(62.80%)	(45.15%)	9.57%	161.17%	164.00%	130.30%	31.09%	(40.23%)	(61.70%)	(52.14%)	(55.67%)	(45.40%)	(39.15%)	(10.55%)	(4.13%)	529.79%	426.28%	220.77%	508.59%	(30.37%)	(.34%)	(3.74%)	(49.04%)	(23.41%)	4.29%	26.06%	36.12%	42.17%	(13.72%)	(19.22%)	301.09%	197.68%	940.36%	2,605.18%	160.87%	73.94%	(65.56%)	(89.46%)	(81.28%)	(72.99%)		(78.24%)	(69.33%)	(30.16%)	(18.19%)	59.52%	65.04%
Dividends Paid
Additional Paid-In Capital QoQ		3,521,279$	122,724$	2,157,186$	178,833$	4,443,165$	96,510$	5,381,352$	3,450,760$	1,871,102$	(112,053$)	1,790,724$	10,526$	68,776$	232,873$	111,174$	1,199,776$	408,544$	4,099,422$	1,129,861$	9,486,546$	48,887$	140,015$	2,659,385$	304,474$	1,048,071$	281,532$	1,572,175$	511,417$	1,711,647$	971,818$	3,295,732$	1,747,395$	(27,533$)	426,918$	2,902,587$	330,930$	932,416$	454,012$	112,808$	92,380$	41,759$		601,676$	168,959$	10,387$	287,449$	392,377$	2,183,962$
Treasury Stock
QoQ
Goodwill
QoQ%
YoY%
Other Intangible Assets		308,060$	307,818$	516,420$	506,180$	505,373$	516,676$				462,625$										299,049$	296,058$	292,000$	280,870$	267,995$	269,416$	265,127$	242,748$	200,186$	189,924$	146,538$	146,538$	94,341$	146,538$	62,827$				53,997$
QoQ		242$	(208,602$)	10,240$	807$	(11,303$)															2,991$	4,058$	11,130$	12,875$	(1,421$)	4,289$	22,379$	42,562$	10,262$	43,386$	0$	52,197$	(52,197$)	83,711$
Amortization of Intangible Assets		4,857$																				1,717$				1,421$				982$				1,688$
Total Assets		6,050,807$	4,175,121$	6,741,366$	8,677,570$	9,793,774$	8,867,789$	10,018,437$	6,352,043$	3,626,774$	3,083,986$	5,239,637$	4,854,979$	6,213,480$	7,833,927$	9,137,943$	11,414,564$	11,745,942$	13,266,817$	10,547,553$	12,172,408$	2,174,320$	2,828,238$	3,320,262$	1,986,226$	2,746,073$	2,675,219$	3,457,098$	4,273,543$	3,544,214$	2,431,826$	2,709,079$	2,841,240$	2,497,225$	2,860,178$	3,144,335$	869,119$	1,136,892$	566,638$	331,251$	389,435$	496,118$		711,722$	1,210,500$	2,251,123$	2,635,136$	4,566,208$	4,837,540$
QoQ		1,875,686$	(2,566,245$)	(1,936,204$)	(1,116,204$)	925,985$	(1,150,648$)	3,666,394$	2,725,269$	542,788$	(2,155,651$)	384,658$	(1,358,501$)	(1,620,447$)	(1,304,016$)	(2,276,621$)	(331,378$)	(1,520,875$)	2,719,264$	(1,624,855$)	9,998,088$	(653,918$)	(492,024$)	1,334,036$	(759,847$)	70,854$	(781,879$)	(816,445$)	729,329$	1,112,388$	(277,253$)	(132,161$)	344,015$	(362,953$)	(284,157$)	2,275,216$	(267,773$)	570,254$	235,387$	(58,184$)	(106,683$)	(215,604$)		(498,778$)	(1,040,623$)	(384,013$)	(1,931,072$)	(271,332$)	1,277,988$
YoY		(3,742,967$)	(4,692,668$)	(3,277,071$)	2,325,527$	6,167,000$	5,783,803$	4,778,800$	1,497,064$	(2,586,706$)	(4,749,941$)	(3,898,306$)	(6,559,585$)	(5,532,462$)	(5,432,890$)	(1,409,610$)	(757,844$)	9,571,622$	10,438,579$	7,227,291$	10,186,182$	(571,753$)	153,019$	(136,836$)	(2,287,317$)	(798,141$)	243,393$	748,019$	1,432,303$	1,046,989$	(428,352$)	(435,256$)	1,972,121$	1,360,333$	2,293,540$	2,813,084$	479,684$	640,774$	(145,084$)	(879,249$)	(1,861,688$)	(2,139,018$)		(3,854,486$)	(3,627,040$)	(1,308,429$)	(938,216$)	883,203$	1,038,241$
Total Liabilities		1,527,353$	1,572,366$	1,574,845$	1,916,802$	399,718$	1,208,738$	271,375$	204,203$	254,040$	403,908$	1,198,491$	223,131$	281,520$	201,437$	225,165$	194,623$	277,328$	203,265$	281,381$	469,545$	353,296$	345,980$	119,728$	63,290$	130,229$	184,507$	132,293$	500,079$	129,938$	43,640$	71,643$	69,041$	95,705$	92,347$	85,002$	378,547$	513,550$	478,881$	376,536$	284,287$	177,390$		55,125$	38,146$	789,360$	918,038$	1,016,663$	1,104,991$
QoQ		(45,013$)	(2,479$)	(341,957$)	1,517,084$	(809,020$)	937,363$	67,172$	(49,837$)	(149,868$)	(794,583$)	975,360$	(58,389$)	80,083$	(23,728$)	30,542$	(82,705$)	74,063$	(78,116$)	(188,164$)	116,249$	7,316$	226,252$	56,438$	(66,939$)	(54,278$)	52,214$	(367,786$)	370,141$	86,298$	(28,003$)	2,602$	(26,664$)	3,358$	7,345$	(293,545$)	(135,003$)	34,669$	102,345$	92,249$	106,897$	122,265$		16,979$	(751,214$)	(128,678$)	(98,625$)	(88,328$)	(427,549$)
YoY		1,127,635$	363,628$	1,303,470$	1,712,599$	145,678$	804,830$	(927,116$)	(18,928$)	(27,480$)	202,471$	973,326$	28,508$	4,192$	(1,828$)	(56,216$)	(274,922$)	(75,968$)	(142,715$)	161,653$	406,255$	223,067$	161,473$	(12,565$)	(436,789$)	291$	140,867$	60,650$	431,038$	34,233$	(48,707$)	(13,359$)	(309,506$)	(417,845$)	(386,534$)	(291,534$)	94,260$	336,160$	423,756$	338,390$	(505,073$)	(740,648$)		(961,538$)	(1,066,845$)	(743,180$)	(556,410$)	(441,170$)	(432,744$)
Current Ratio		3.68x	2.32x	3.90x	4.24x	29.64x	7.18x	58.27x	66.29x	21.63x	8.03x	4.01x	17.94x	19.04x	35.96x	40.09x	63.86x	45.86x	81.18x	43.78x	27.41x	5.39x	8.53x	27.79x	18.65x	14.68x	9.86x	19.71x	7.28x	24.86x	52.34x	36.11x	39.76x	25.26x	30.27x	76.98x	2.41x	2.28x	1.18x	.84x	1.19x			12.24x	30.35x	2.79x	2.80x	1.25x	1.40x
Total Current Assets		5,363,129$	3,468,345$	5,806,778$	7,724,402$	8,825,741$	7,897,986$	9,093,379$	5,416,984$	2,693,634$	2,151,213$	4,235,490$	4,003,781$	5,359,370$	6,977,516$	8,291,474$	10,572,202$	10,901,396$	12,442,940$	9,685,560$	10,946,369$	1,307,714$	1,925,961$	2,528,111$	1,180,043$	1,911,485$	1,818,829$	2,607,599$	3,640,564$	3,230,842$	2,284,051$	2,587,120$	2,745,352$	2,417,202$	2,795,495$	3,079,280$	803,692$	1,067,108$	510,166$	279,362$	337,391$	456,190$		674,733$	1,157,838$	2,198,461$	2,567,474$	1,200,664$	1,467,000$
QoQ		1,894,784$	(2,338,433$)	(1,917,624$)	(1,101,339$)	927,755$	(1,195,393$)	3,676,395$	2,723,350$	542,421$	(2,084,277$)	231,709$	(1,355,589$)	(1,618,146$)	(1,313,958$)	(2,280,728$)	(329,194$)	(1,541,544$)	2,757,380$	(1,260,809$)	9,638,655$	(618,247$)	(602,150$)	1,348,068$	(731,442$)	92,656$	(788,770$)	(1,032,965$)	409,722$	946,791$	(303,069$)	(158,232$)	328,150$	(378,293$)	(283,785$)	2,275,588$	(263,416$)	556,942$	230,804$	(58,029$)	(118,799$)	(218,543$)		(483,105$)	(1,040,623$)	(369,013$)	1,366,810$	(266,336$)	1,302,347$
Total Current Liabilities		1,456,534$	1,493,463$	1,488,131$	1,822,416$	297,798$	1,099,419$	156,048$	81,717$	124,523$	267,735$	1,055,904$	223,131$	281,520$	194,036$	206,826$	165,543$	237,699$	153,276$	221,217$	399,389$	242,475$	225,917$	90,972$	63,290$	130,229$	184,507$	132,293$	500,079$	129,938$	43,640$	71,643$	69,041$	95,705$	92,347$	40,002$	333,547$	468,550$	433,881$	331,536$	284,287$			55,125$	38,146$	789,360$	918,038$	957,418$	1,045,746$
QoQ		(36,929$)	5,332$	(334,285$)	1,524,618$	(801,621$)	943,371$	74,331$	(42,806$)	(143,212$)	(788,169$)	832,773$	(58,389$)	87,484$	(12,790$)	41,283$	(72,156$)	84,423$	(67,941$)	(178,172$)	156,914$	16,558$	134,945$	27,682$	(66,939$)	(54,278$)	52,214$	(367,786$)	370,141$	86,298$	(28,003$)	2,602$	(26,664$)	3,358$	52,345$	(293,545$)	(135,003$)	34,669$	102,345$	47,249$				16,979$	(751,214$)	(128,678$)	(39,380$)	(88,328$)	(427,549$)
Debt to Asset Ratio		.25x	.38x	.23x	.22x	.04x	.14x	.03x	.03x	.07x	.13x	.23x	.05x	.05x	.03x	.02x	.02x	.02x	.02x	.03x	.04x	.16x	.12x	.04x	.03x	.05x	.07x	.04x	.12x	.04x	.02x	.03x	.02x	.04x	.03x	.03x	.44x	.45x	.85x	1.14x	.73x	.36x		.08x	.03x	.35x	.35x	.22x	.23x
Long Term Debt
QoQ
YoY
Capital Lease Obligations		101,920$	109,319$	116,586$	123,723$		137,366$	142,587$	148,885$		163,967$								39,404$	98,649$	107,737$	116,664$	36,038$			158,773$
Cash and Cash Equivalents		4,300,000$		4,600,000$	6,500,000$								3,272,102$	4,533,063$	5,813,218$	7,051,083$	8,359,374$	9,682,271$	10,917,797$	8,108,512$	9,346,933$	525,341$	1,293,749$	2,034,011$	739,985$	1,333,321$	1,285,147$	1,995,842$	1,995,843$	2,644,860$	1,727,184$	2,063,369$	2,317,694$	2,209,703$	2,533,337$	2,788,978$	523,633$	124,246$	93,409$	37,102$	40,224$	84,031$		260,075$	792,018$	431,073$	703,030$	877,886$	36,902$
QoQ				(1,900,000$)									(1,260,961$)	(1,280,155$)	(1,237,865$)	(1,308,291$)	(1,322,897$)	(1,235,526$)	2,809,285$	(1,238,421$)	8,821,592$	(768,408$)	(740,262$)	1,294,026$	(593,336$)	48,174$	(710,695$)	(1$)	(649,017$)	917,676$	(336,185$)	(254,325$)	107,991$	(323,634$)	(255,641$)	2,265,345$	399,387$	30,837$	56,307$	(3,122$)	(43,807$)	(176,044$)		(531,943$)	360,945$	(271,957$)	(174,856$)	840,984$	(88,287$)
YoY													(5,087,272$)	(5,149,208$)	(5,104,579$)	(1,057,429$)	(987,559$)	9,156,930$	9,624,048$	6,074,501$	8,606,948$	(807,980$)	8,602$	38,169$	(1,255,858$)	(1,311,539$)	(442,037$)	(67,527$)	(321,851$)	435,157$	(806,153$)	(725,609$)	1,794,061$	2,085,457$	2,439,928$	2,751,876$	483,409$	40,215$	(166,666$)	(754,916$)	(390,849$)	(618,999$)		(617,811$)	755,116$	305,884$	637,488$	850,357$	(7,627$)
Interest Expenses									1$			0$	0$																			0$	0$	0$		1,584$	1,951$	1,355$		1,047$	0$	77$			0$	31,544$	4,173$	53,123$	49,868$
Interest Income									0$