Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Deveron.
Income Statement
| Breakdown | June 30, 2024 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $35.32M | $28.92M | $8.60M | $2.87M | $2.06M | $500.63K | $209.02K | $44.30K | $- | $- |
| Cost of Revenue | $11.71M | $8.97M | $2.77M | $631.01K | $843.41K | $356.43K | $152.30K | $76.16K | $- | $- |
| Gross Profit | $23.61M | $19.95M | $5.83M | $2.24M | $1.21M | $144.19K | $56.72K | $-31.86K | $- | $- |
| Gross Profit Ratio | 66.85% | 68.98% | 67.79% | 78.01% | 58.97% | 28.80% | 27.14% | -71.93% | 0.00% | 0.00% |
| Research and Development Expenses | $- | $- | $- | $- | $53.31K | $261.28K | $- | $- | $- | $- |
| General and Administrative Expenses | $22.98M | $23.47M | $9.67M | $3.83M | $2.88M | $1.91M | $2.09M | $545.62K | $130.27K | $116.47K |
| Selling and Marketing Expenses | $- | $- | $- | $54.25K | $53.31K | $261.28K | $169.84K | $- | $- | $- |
| Selling General and Administrative Expenses | $22.98M | $23.47M | $9.67M | $3.83M | $2.88M | $1.91M | $2.09M | $545.62K | $130.27K | $116.47K |
| Other Expenses | $628.84K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $23.61M | $19.95M | $10.58M | $4.02M | $3.05M | $2.18M | $2.25M | $590.20K | $164.64K | $112.99K |
| Cost and Expenses | $35.32M | $37.08M | $13.35M | $4.65M | $3.89M | $2.54M | $2.40M | $666.36K | $164.64K | $112.99K |
| Interest Income | $933 | $58.57K | $15.42K | $14.15K | $39.72K | $36.34K | $- | $- | $- | $- |
| Interest Expense | $3.50M | $3.37M | $111.45K | $20.91K | $17.07K | $37.33K | $47.04K | $36.11K | $28.68K | $21.73K |
| Depreciation and Amortization | $7.94M | $4.83M | $914.21K | $183.55K | $163.60K | $231.03K | $158.91K | $44.58K | $628.68K | $21.73K |
| EBITDA | $-43.16M | $24.12K | $-3.99M | $-1.56M | $-1.76M | $-1.26M | $-1.43M | $-487.48K | $-164.64K | $-112.99K |
| EBITDA Ratio | -122.21% | 0.08% | -46.46% | -54.26% | -85.47% | -251.89% | -684.04% | -1100.49% | - | - |
| Operating Income | $- | $-8.34M | $-4.74M | $-1.77M | $-1.80M | $-2.00M | $-1.64M | $-568.17K | $-793.32K | $-134.71K |
| Operating Income Ratio | 0.00% | -28.85% | -55.09% | -61.67% | -87.53% | -399.34% | -782.57% | -1282.64% | - | - |
| Total Other Income Expenses Net | $-54.60M | $169.53K | $-1.01M | $-171.18K | $-207.54K | $506.14K | $-22.49K | $- | $- | $- |
| Income Before Tax | $-54.60M | $-8.17M | $-5.02M | $-1.76M | $-1.94M | $-1.53M | $-1.64M | $-568.17K | $-793.32K | $-134.71K |
| Income Before Tax Ratio | -154.59% | -28.26% | -58.39% | -61.39% | -94.26% | -305.50% | -782.57% | -1282.64% | - | - |
| Income Tax Expense | $1.76M | $399.20K | $268.36K | $20.91K | $17.07K | $-12.67K | $-2.96K | $-10.29K | $-600.00K | $-4.29K |
| Net Income | $-57.48M | $-9.09M | $-5.18M | $-1.76M | $-1.94M | $-1.48M | $-1.59M | $-521.77K | $-793.32K | $-130.42K |
| Net Income Ratio | -162.76% | -31.41% | -60.21% | -61.39% | -94.26% | -295.51% | -758.65% | -1177.89% | - | - |
| EPS | $-0.37 | $-0.20 | $-0.07 | $-0.04 | $-0.05 | $-0.04 | $-0.07 | $-0.04 | $-0.07 | $-0.01 |
| EPS Diluted | $-0.37 | $-0.19 | $-0.07 | $-0.04 | $-0.05 | $-0.04 | $-0.07 | $-0.03 | $-0.07 | $-0.01 |
| Weighted Average Shares Outstanding | 156.55M | 135.82M | 76.99M | 48.33M | 37.96M | 33.77M | 21.75M | 14.63M | 11.79M | 11.79M |
| Weighted Average Shares Outstanding Diluted | 156.55M | 142.09M | 76.99M | 48.33M | 37.96M | 33.77M | 22.00M | 14.93M | 11.79M | 11.79M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | June 30, 2024 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.19M | $5.82M | $6.87M | $6.22M | $1.28M | $2.92M | $1.15M | $208.33K | $36.49K | $177.78K |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $1.19M | $5.82M | $6.87M | $6.22M | $1.28M | $2.92M | $1.15M | $208.33K | $36.49K | $177.78K |
| Net Receivables | $3.07M | $6.49M | $2.52M | $778.70K | $731.37K | $390.75K | $85.29K | $133.58K | $- | $- |
| Inventory | $- | $- | $-292.34K | $- | $- | $- | $1 | $- | $-2.76K | $-7.32K |
| Other Current Assets | $1.10M | $1.55M | $584.68K | $44.05K | $14.19K | $45.94K | $217.32K | $23.35K | $1.42K | $12.24K |
| Total Current Assets | $5.36M | $13.87M | $9.68M | $7.04M | $2.02M | $3.36M | $1.45M | $365.26K | $40.67K | $197.34K |
| Property Plant Equipment Net | $18.90M | $22.58M | $3.29M | $466.46K | $404.64K | $114.43K | $243.30K | $84.08K | $- | $- |
| Goodwill | $12.58M | $54.02M | $6.22M | $1.87M | $1.43M | $1.43M | $612.74K | $612.74K | $- | $- |
| Intangible Assets | $19.47M | $25.65M | $3.58M | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $32.05M | $79.67M | $9.80M | $1.87M | $1.43M | $1.43M | $612.74K | $612.74K | $- | $- |
| Long Term Investments | $100 | $100 | $- | $- | $- | $- | $1 | $1 | $1 | $600.00K |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $547.68K | $605.26K | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Assets | $51.49M | $102.86M | $13.09M | $2.33M | $1.83M | $1.54M | $856.05K | $696.82K | $1 | $600.00K |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $56.86M | $116.73M | $22.77M | $9.37M | $3.86M | $4.90M | $2.31M | $1.06M | $40.67K | $797.34K |
| Account Payables | $3.92M | $2.22M | $925.97K | $298.21K | $341.61K | $218.16K | $110.05K | $33.63K | $6.54K | $3.53K |
| Short Term Debt | $33.09M | $8.29M | $539.79K | $101.34K | $92.70K | $6.36K | $500.00K | $500.00K | $- | $- |
| Tax Payables | $- | $- | $- | $- | $31.70K | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $1.97M | $1.63M | $- | $- | $- | $35.52K | $-500.00K | $-662.35K | $-633.67K |
| Other Current Liabilities | $5.39M | $2.74M | $968.35K | $406.55K | $54.74K | $168.31K | $26.21K | $20.69K | $680.67K | $654.16K |
| Total Current Liabilities | $42.40M | $15.23M | $4.07M | $806.10K | $520.76K | $392.82K | $671.78K | $554.32K | $687.21K | $657.70K |
| Long Term Debt | $12.77M | $40.68M | $1.41M | $289.91K | $195.09K | $22.62K | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $1.14M | $979.05K | $18.44K | $20.48K | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $5.48M | $5.76M | $-960.61K | $-18.44K | $-20.48K | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $14.05M | $9.92M | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $32.31M | $57.50M | $2.39M | $308.34K | $215.57K | $22.62K | $- | $- | $- | $- |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $74.70M | $72.72M | $6.46M | $1.11M | $736.34K | $415.45K | $671.78K | $554.32K | $687.21K | $657.70K |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $48.24M | $41.01M | $18.25M | $9.97M | $5.29M | $5.22M | $3.45M | $1.82M | $640.42K | $640.42K |
| Retained Earnings | $-84.36M | $-18.49M | $-9.77M | $-4.72M | $-5.96M | $-4.19M | $-3.68M | $-2.11M | $-2.19M | $-1.39M |
| Accumulated Other Comprehensive Income Loss | $-9.41M | $-3.03M | $6.20M | $3.01M | $3.80M | $3.46M | $1.86M | $291.03K | $898.49K | $891.35K |
| Other Total Stockholders Equity | $1.97M | $-202.44K | $- | $- | $- | $- | $- | $- | $1.29M | $- |
| Total Stockholders Equity | $-43.56M | $19.29M | $14.68M | $8.26M | $3.12M | $4.49M | $1.63M | $507.76K | $-646.54K | $139.64K |
| Total Equity | $-17.84M | $44.00M | $16.31M | $8.26M | $3.12M | $4.49M | $1.63M | $507.76K | $-646.54K | $139.64K |
| Total Liabilities and Stockholders Equity | $56.86M | $116.73M | $22.77M | $9.37M | $3.86M | $4.90M | $2.31M | $1.06M | $40.67K | $797.34K |
| Minority Interest | $25.72M | $24.72M | $1.63M | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $56.86M | $116.73M | $22.77M | $9.37M | $3.86M | $4.90M | $2.31M | $1.06M | $40.67K | $797.34K |
| Total Investments | $100 | $100 | $- | $- | $- | $- | $1 | $1 | $1 | $600.00K |
| Total Debt | $45.85M | $48.97M | $1.95M | $391.25K | $287.79K | $28.98K | $500.00K | $500.00K | $662.35K | $633.67K |
| Net Debt | $44.66M | $43.15M | $-4.92M | $-5.83M | $-990.11K | $-2.89M | $-647.87K | $291.67K | $625.87K | $455.89K |
Cash Flow Statement
| Breakdown | June 30, 2024 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-56.36M | $-9.09M | $-5.02M | $-1.76M | $-1.94M | $-1.53M | $-1.59M | $-568.17K | $-793.32K | $-130.42K |
| Depreciation and Amortization | $7.94M | $4.83M | $914.21K | $183.55K | $163.60K | $231.03K | $158.91K | $44.58K | $- | $- |
| Deferred Income Tax | $1.76M | $399.20K | $65.30K | $-105.99K | $- | $-507.13K | $-600.00K | $-90.00K | $- | $- |
| Stock Based Compensation | $1.06M | $1.15M | $666.33K | $106.80K | $497.80K | $356.73K | $867.92K | $61.12K | $7.14K | $1.97K |
| Change in Working Capital | $3.59M | $-6.28M | $-560.55K | $-7.21K | $-235.11K | $403.77K | $-28.22K | $-31.28K | $16.21K | $-12.78K |
| Accounts Receivables | $1.48M | $4.79M | $-951.53K | $-47.78K | $-297.19K | $370.06K | $-145.68K | $-60.08K | $15.38K | $-14.71K |
| Inventory | $- | $- | $292.46K | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $2.11M | $-3.15M | $390.98K | $42.62K | $41.59K | $69.23K | $81.95K | $28.80K | $- | $- |
| Other Working Capital | $- | $-7.92M | $-292.46K | $-2.05K | $20.48K | $-35.52K | $117.46K | $- | $835 | $- |
| Other Non Cash Items | $46.50M | $-1.01M | $-280.21K | $-96.11K | $-80.33K | $-421 | $-650.00K | $-88.76K | $628.68K | $21.73K |
| Net Cash Provided by Operating Activities | $4.50M | $-10.00M | $-4.22M | $-1.68M | $-1.59M | $-1.05M | $-1.24M | $-582.51K | $-141.29K | $-119.50K |
| Investments in Property Plant and Equipment | $-1.46M | $-5.49M | $-513.16K | $-169.56K | $-126.60K | $-48.45K | $-318.14K | $-120.21K | $- | $- |
| Acquisitions Net | $- | $-36.47M | $-3.89M | $-229.51K | $- | $-320.00K | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $507.13K | $360.00K | $- | $- | $- |
| Other Investing Activities | $-27.70K | $-1.49M | $- | $16.46K | $- | $507.13K | $360.00K | $- | $- | $- |
| Net Cash Used for Investing Activities | $-1.48M | $-43.45M | $-4.40M | $-382.62K | $-126.60K | $138.68K | $41.86K | $-120.21K | $- | $- |
| Debt Repayment | $-3.04M | $37.08M | $-306.24K | $183.88K | $- | $- | $- | $100.00K | $- | $- |
| Common Stock Issued | $- | $14.80M | $8.21M | $7.15M | $- | $3.27M | $2.02M | $724.20K | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-1.75M | $523.76K | $9.57M | $-326.83K | $72.75K | $-637.58K | $59.83K | $3.97K | $- | $200.00K |
| Net Cash Used Provided by Financing Activities | $-4.78M | $52.41M | $9.27M | $7.00M | $72.75K | $2.63M | $2.08M | $828.17K | $- | $200.00K |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $50.00K | $- | $- | $- | $- |
| Net Change in Cash | $-1.77M | $-1.04M | $650.08K | $4.94M | $-1.65M | $1.78M | $939.53K | $171.85K | $-141.29K | $80.50K |
| Cash at End of Period | $1.19M | $5.82M | $6.87M | $6.22M | $1.28M | $2.92M | $1.15M | $208.33K | $36.49K | $177.78K |
| Cash at Beginning of Period | $2.96M | $6.87M | $6.22M | $1.28M | $2.92M | $1.15M | $208.33K | $36.49K | $177.78K | $97.28K |
| Operating Cash Flow | $4.50M | $-10.00M | $-4.22M | $-1.68M | $-1.59M | $-1.05M | $-1.24M | $-582.51K | $-141.29K | $-119.50K |
| Capital Expenditure | $-1.46M | $-5.49M | $-513.16K | $-169.56K | $-126.60K | $-48.45K | $-318.14K | $-120.21K | $- | $- |
| Free Cash Flow | $3.04M | $-15.49M | $-4.73M | $-1.85M | $-1.72M | $-1.09M | $-1.56M | $-702.72K | $-141.29K | $-119.50K |