Balance Sheet CapForce Inc.

Equities

CFOR

US68373L5057

Financial Technology (Fintech)

Market Closed - OTC Markets Other stock markets 09:30:16 2026-05-11 am EDT			5-day change	1st Jan Change
0.3270 ^USD	+65,300.00%		-98.58%	-97.94%

Feb. 27	OpGen, Inc. has Changed its Name to CapForce Inc	CI
Jan. 15	OpGen, Inc. acquired iCapX Sdn. Bhd from AEI Capital Ltd. for $38.6 million.	CI

926020ecb65f84f2.T4Pi5fQ-fVj7SB4mSsbwa07DfxBPMd-iSQqaI8RaE-I.I7uolr1hDmyvBE9Rfpy-MReyGWE2R7bKflXdaIgofLQu4KeAxXASEY4CeQ

Published financial data: CAPFORCE INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	4.21M	4.31M	2.61M	3.42M	5.2M
Total Revenues	4.21M	4.31M	2.61M	3.42M	5.2M
Cost of Goods Sold, Total	13.81M	13.76M	11.6M	8.24M	82.03K
Gross Profit	-9.6M	-9.45M	-8.99M	-4.82M	5.11M
Selling General & Admin Expenses, Total	11.9M	13.65M	13.23M	10.86M	4.71M
Other Operating Expenses, Total	11.9M	13.65M	13.23M	10.86M	4.71M
Operating Income	-21.49M	-23.1M	-22.22M	-15.69M	400K
Interest Expense, Total	-3.4M	-4.8M	-3.26M	-1.84M	-7.56K
Interest And Investment Income	106K	45.18K	46.94K	142K	371K
Net Interest Expenses	-3.29M	-4.75M	-3.21M	-1.7M	364K
Currency Exchange Gains (Loss)	-1.47M	891K	380K	-289K	575
Other Non Operating Income (Expenses)	518K	-7.89M	114K	65.88K	-909K
EBT, Excl. Unusual Items	-25.74M	-34.85M	-24.93M	-17.61M	-144K
Merger & Related Restructuring Charges	-472K	-	-	-	-
Impairment of Goodwill	-	-	-6.94M	-	-
Gain (Loss) On Sale Of Assets	100K	-	-	-12.98M	-75.14K
Asset Writedown	-852K	-171K	-5.41M	-2.08M	2.08M
Other Unusual Items	885K	259K	-	-	10.31M
EBT, Incl. Unusual Items	-26.08M	-34.76M	-37.28M	-32.67M	12.17M
Income Tax Expense	132K	43.83K	-	-	177K
Earnings From Continuing Operations	-26.21M	-34.81M	-37.28M	-32.67M	11.99M
Net Income to Company	-26.21M	-34.81M	-37.28M	-32.67M	11.99M
Net Income - (IS)	-26.21M	-34.81M	-37.28M	-32.67M	11.99M
Preferred Dividend and Other Adjustments	-	7.17M	-	-	637K
Net Income to Common Incl Extra Items	-26.21M	-41.97M	-37.28M	-32.67M	11.36M
Net Income to Common Excl. Extra Items	-26.21M	-41.97M	-37.28M	-32.67M	11.36M
Per Share Items
Net EPS - Basic	-331.77	-228.89	-152.7	-41.47	2.44
Basic EPS - Continuing Operations	-331.77	-228.89	-152.7	-41.47	2.44
Basic Weighted Average Shares Outstanding	79K	183K	244K	788K	4.66M
Net EPS - Diluted	-331.77	-228.89	-152.7	-41.47	2.3
Diluted EPS - Continuing Operations	-331.77	-228.89	-152.7	-41.47	2.3
Diluted Weighted Average Shares Outstanding	79K	183K	244K	788K	5.22M
Normalized Basic EPS	-203.62	-118.78	-63.83	-13.97	-0.02
Normalized Diluted EPS	-203.62	-118.78	-63.83	-13.97	-0.02
Supplemental Items
EBITDA	-19.16M	-20.39M	-20.58M	-14.37M	575K
EBITA	-20.82M	-22.29M	-21.49M	-15.06M	400K
EBIT	-21.49M	-23.1M	-22.22M	-15.69M	400K
EBITDAR	-17.95M	-19.33M	-19.97M	-13.79M	809K
Total Revenues (As Reported)	4.21M	4.31M	2.61M	3.42M	5.2M
Effective Tax Rate - (Ratio)	-0.51	-0.13	-	-	1.45
Current Domestic Taxes	-	43.83K	-	-	26.77K
Current Foreign Taxes	132K	-	-	-	150K
Total Current Taxes	132K	43.83K	-	-	177K
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	-16.09M	-21.78M	-15.58M	-11.01M	-90.17K
Interest on Long-Term Debt	3.46M	4.81M	3.26M	1.84M	7.56K
Supplemental Operating Expense Items
Selling and Marketing Expenses	3.09M	3.71M	4.34M	2.78M	172K
General and Administrative Expenses	8.8M	9.94M	8.88M	8.08M	4.54M
Research And Development Expense From Footnotes	10.82M	12.38M	9.74M	10.71M	48.82K
Net Rental Expense, Total	1.21M	1.06M	605K	582K	234K
Imputed Operating Lease Interest Expense	2.52M	1.69M	788K	615K	1.88K
Imputed Operating Lease Depreciation	-1.32M	-632K	-183K	-32.52K	232K
Stock-Based Comp., COGS (Total)	65.71K	243K	312K	-11.09K	48.82K
Stock-Based Comp., S&M Exp. (Total)	19.37K	82.4K	142K	-86.8K	4.4K
Stock-Based Comp., G&A Exp. (Total)	231K	554K	497K	334K	549K
Total Stock-Based Compensation	316K	879K	951K	236K	602K

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	13.36M	36.08M	7.44M	1.15M	1.31M
Total Cash And Short Term Investments	13.36M	36.08M	7.44M	1.15M	1.31M
Accounts Receivable, Total	653K	1.17M	514K	103K	29.26K
Other Receivables	-	-	401K	-	-
Notes Receivable	-	-	-	-	-
Total Receivables	653K	1.17M	916K	103K	29.26K
Inventory	1.49M	1.24M	1.35M	-	-
Prepaid Expenses	975K	854K	955K	325K	1.31M
Other Current Assets, Total	414K	396K	-	-	-
Total Current Assets	16.89M	39.74M	10.66M	1.58M	2.65M
Gross Property Plant And Equipment	12.55M	9.45M	8.98M	1.46M	3.52M
Accumulated Depreciation	-6.76M	-3.54M	-4.06M	-1.46M	-1.62M
Net Property Plant And Equipment	5.79M	5.92M	4.92M	138	1.9M
Long-term Investments	-	-	-	-	5M
Goodwill	8.02M	7.45M	-	-	-
Other Intangibles, Total	16.58M	14.53M	7.44M	-	-
Deferred Charges Long-Term	-	-	-	-	6.27K
Other Long-Term Assets, Total	2.47M	4.02M	2.8M	302K	302K
Total Assets	49.75M	71.67M	25.81M	1.88M	9.86M
Liabilities
Accounts Payable, Total	1.87M	1.31M	421K	111K	245K
Accrued Expenses, Total	3.56M	3.59M	2.62M	263K	125K
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	699K	14.52M	7.02M	10.87M	-
Current Portion of Leases	1.23M	503K	381K	148K	174K
Unearned Revenue Current, Total	9.81K	-	142K	25.93K	-
Other Current Liabilities	-	-	-	-	90.28K
Total Current Liabilities	7.37M	19.92M	10.59M	11.42M	634K
Long-Term Debt	19.38M	7.18M	4.85M	-	-
Long-Term Leases	1.54M	2.98M	2.57M	2.02M	1.85M
Other Non Current Liabilities	269K	375K	229K	-	-
Total Liabilities	28.56M	30.45M	18.24M	13.44M	2.48M
Preferred Stock Convertible	-	-	-	2.5K	2
Total Preferred Equity	-	-	-	2.5K	2
Common Stock, Total	251K	465K	29K	12.83K	101K
Additional Paid In Capital	219M	276M	281M	294M	301M
Retained Earnings	-201M	-236M	-273M	-305M	-294M
Comprehensive Income and Other	2.55M	586K	-796K	-75.14K	-
Total Common Equity	21.19M	41.22M	7.58M	-11.56M	7.38M
Total Equity	21.19M	41.22M	7.58M	-11.56M	7.38M
Total Liabilities And Equity	49.75M	71.67M	25.81M	1.88M	9.86M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	191K	233K	550K	1.34M	10.07M
ECS Total Common Shares Outstanding	125K	232K	290K	1.28M	10.07M
Book Value / Share	168.95	177.47	26.12	-9.02	0.73
Tangible Book Value	-3.41M	19.23M	135K	-11.56M	7.38M
Tangible Book Value Per Share	-27.22	82.81	0.46	-9.02	0.73
Total Debt	22.85M	25.18M	14.82M	13.04M	2.02M
Net Debt	9.49M	-10.9M	7.38M	11.89M	711K
Debt Equivalent Oper. Leases	9.64M	8.44M	4.84M	4.66M	1.87M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	773K	867K	1.01M	-	-
Inventories - Work In Process, Total	87.16K	101K	37.44K	-	-
Inventories - Finished Goods, Total	626K	272K	296K	-	-
Machinery, Total	9.27M	5.92M	5.85M	1.07M	1.07M
Full Time Employees	94	91	85	-	1
Part Time Employees	16	8	15	-	-
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	20.75K	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-26.21M	-34.81M	-37.28M	-32.67M	11.99M
Depreciation & Amortization - CF	1.66M	1.9M	918K	694K	175K
Amortization of Goodwill and Intangible Assets - (CF)	673K	813K	725K	624K	-
Depreciation & Amortization, Total	2.33M	2.71M	1.64M	1.32M	175K
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-100K	-	16K	12.99M	75.14K
Asset Writedown & Restructuring Costs	852K	171K	12.35M	2.08M	-2.08M
Stock-Based Compensation (CF)	316K	879K	951K	520K	602K
Other Operating Activities, Total	1.14M	11.61M	3.83M	2.48M	-11.5M
Change In Accounts Receivable	438K	-575K	588K	39.12K	74.06K
Change In Inventories	-410K	-2.34M	-729K	748K	54.83K
Change In Accounts Payable	-481K	-472K	-814K	-24.16K	134K
Change in Unearned Revenues	-870K	-9.81K	140K	74.11K	-25.93K
Change in Other Net Operating Assets	-408K	1.34M	-1.14M	-1.87M	-4.37M
Cash from Operations	-23.4M	-21.48M	-20.45M	-14.32M	-4.87M
Capital Expenditure	-130K	-1.98M	-591K	-800K	-
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	1.27M	-	-	-	-
Other Investing Activities, Total	-2.2M	-	-	-	-
Cash from Investing	-1.06M	-1.98M	-591K	-800K	-
Short Term Debt Issued, Total	-	-	-	-	301K
Long-Term Debt Issued, Total	1.87M	-	-	-	-
Total Debt Issued	1.87M	-	-	-	301K
Short Term Debt Repaid, Total	-	-	-	-	-211K
Long-Term Debt Repaid, Total	-1.58M	-708K	-10.81M	-3.92M	-280
Total Debt Repaid	-1.58M	-708K	-10.81M	-3.92M	-211K
Issuance of Common Stock	33.79M	34.05M	4.07M	12.04M	1.99M
Issuance of Preferred Stock	-	13.85M	-	250K	2.95M
Other Financing Activities, Total	-	256K	-	-	-
Cash from Financing	34.09M	47.45M	-6.74M	8.37M	5.03M
Foreign Exchange Rate Adjustments	1.59M	-1.46M	-920K	265K	-
Net Change in Cash	11.21M	22.52M	-28.7M	-6.48M	159K
Supplemental Items
Cash Interest Paid	952K	895K	1.08M	1.42M	7.56K
Levered Free Cash Flow	-10.13M	-16.51M	-15.18M	-10.2M	172K
Unlevered Free Cash Flow	-8.01M	-13.51M	-13.15M	-9.05M	177K
Change In Net Working Capital	-2.91M	682K	1.26M	-819	850K
Net Debt Issued / Repaid	294K	-708K	-10.81M	-3.92M	90K

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-44.65	-23.78	-28.49	-70.81	4.26
Return on Total Capital	-52.18	-26.15	-31.28	-82.12	4.59
Return On Equity %	-205.7	-111.54	-152.82	1.64K	-573.69
Return on Common Equity	-205.7	-134.51	-152.82	1.64K	-542.9
Margin Analysis
Gross Profit Margin %	-227.76	-219.53	-344.81	-141.11	98.42
SG&A Margin	282.26	316.98	507.37	317.84	90.73
EBITDA Margin %	-454.62	-473.48	-789.17	-420.38	11.06
EBITA Margin %	-494.06	-517.63	-824.37	-440.69	7.7
EBIT Margin %	-510.02	-536.51	-852.18	-458.95	7.7
Income From Continuing Operations Margin %	-621.93	-808.3	-1.43K	-955.69	230.8
Net Income Margin %	-621.93	-808.3	-1.43K	-955.69	230.8
Net Avail. For Common Margin %	-621.93	-974.74	-1.43K	-955.69	218.55
Normalized Net Income Margin	-381.72	-505.84	-597.72	-321.95	-1.74
Levered Free Cash Flow Margin	-240.43	-383.46	-582.23	-298.38	3.31
Unlevered Free Cash Flow Margin	-190.02	-313.8	-504.17	-264.76	3.4
Asset Turnover
Asset Turnover	0.14	0.07	0.05	0.25	0.88
Fixed Assets Turnover	1.06	0.74	0.48	1.39	5.46
Receivables Turnover (Average Receivables)	6.9	4.72	3.09	11.07	78.39
Inventory Turnover (Average Inventory)	14.1	10.1	8.97	-	-
Short Term Liquidity
Current Ratio	2.29	2	1.01	0.14	4.18
Quick Ratio	1.9	1.87	0.79	0.11	2.11
Operating Cash Flow to Current Liabilities	-3.17	-1.08	-1.93	-1.25	-7.68
Days Sales Outstanding (Average Receivables)	53.01	77.37	118.07	32.98	4.67
Days Outstanding Inventory (Average Inventory)	25.95	36.15	40.67	-	-
Average Days Payable Outstanding	36.1	42.89	26.95	-	794.95
Cash Conversion Cycle (Average Days)	42.87	70.63	131.79	-	-
Long Term Solvency
Total Debt/Equity	107.82	61.09	195.66	-112.82	27.39
Total Debt / Total Capital	51.88	37.92	66.18	880.07	21.5
LT Debt/Equity	98.71	24.64	97.91	-17.49	25.04
Long-Term Debt / Total Capital	47.5	15.3	33.12	136.4	19.65
Total Liabilities / Total Assets	57.41	42.49	70.65	714.23	25.17
EBIT / Interest Expense	-6.32	-4.81	-6.82	-8.53	52.93
EBITDA / Interest Expense	-5.28	-4.03	-6.13	-7.5	107.03
(EBITDA - Capex) / Interest Expense	-5.32	-4.44	-6.31	-7.93	107.03
Total Debt / EBITDA	-1.27	-1.3	-0.74	-0.95	2.5
Net Debt / EBITDA	-0.53	0.56	-0.37	-0.86	0.88
Total Debt / (EBITDA - Capex)	-1.26	-1.18	-0.72	-0.89	2.5
Net Debt / (EBITDA - Capex)	-0.52	0.51	-0.36	-0.82	0.88
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	20.46	2.17	-39.45	31.11	52.01
Gross Profit, 1 Yr. Growth %	194.96	-1.52	-4.9	-46.35	-206.02
EBITDA, 1 Yr. Growth %	90.64	6.41	0.92	-30.16	-104
EBITA, 1 Yr. Growth %	94.53	7.05	-3.57	-29.91	-102.65
EBIT, 1 Yr. Growth %	95.91	7.48	-3.82	-29.39	-102.55
Earnings From Cont. Operations, 1 Yr. Growth %	110.59	32.79	7.12	-12.38	-136.71
Net Income, 1 Yr. Growth %	110.59	32.79	7.12	-12.38	-136.71
Normalized Net Income, 1 Yr. Growth %	130.92	35.4	-28.45	-29.38	-99.18
Diluted EPS Before Extra, 1 Yr. Growth %	-	-31.01	-33.29	-72.84	-105.54
Accounts Receivable, 1 Yr. Growth %	15.02	79.51	-56.13	-79.91	-71.68
Inventory, 1 Yr. Growth %	214.14	-16.59	8.53	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	171.53	2.16	-16.84	-100	1.38M
Total Assets, 1 Yr. Growth %	377.37	44.05	-63.98	-92.71	423.98
Tangible Book Value, 1 Yr. Growth %	-218.76	-663.31	-99.3	-8.69K	-163.82
Common Equity, 1 Yr. Growth %	393.58	94.5	-81.62	-252.65	-163.82
Cash From Operations, 1 Yr. Growth %	103.35	-8.19	-4.79	-29.98	-65.99
Capital Expenditures, 1 Yr. Growth %	309.58	1.42K	-70.22	35.49	-
Levered Free Cash Flow, 1 Yr. Growth %	11.65	62.96	-8.07	-32.81	-101.74
Unlevered Free Cash Flow, 1 Yr. Growth %	-10.6	68.74	-2.72	-31.15	-102.02
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	19.6	10.94	-21.35	-10.9	41.17
Gross Profit, 2 Yr. CAGR %	44.78	70.44	-3.22	-28.57	-24.58
EBITDA, 2 Yr. CAGR %	24.06	42.43	3.63	-16.05	-83.29
EBITA, 2 Yr. CAGR %	26.99	44.3	1.6	-17.79	-86.36
EBIT, 2 Yr. CAGR %	27.7	45.11	1.67	-17.59	-86.59
Earnings From Cont. Operations, 2 Yr. CAGR %	40.02	67.23	19.27	-3.12	-43.28
Net Income, 2 Yr. CAGR %	40.02	67.23	19.27	-3.12	-43.28
Normalized Net Income, 2 Yr. CAGR %	38.76	76.82	-1.58	-28.92	-92.39
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-32.16	-57.44	-87.73
Accounts Receivable, 2 Yr. CAGR %	32.17	43.69	-11.25	-70.31	-76.15
Inventory, 2 Yr. CAGR %	65.31	61.87	-4.86	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	117.71	66.55	-7.83	-99.52	-37.78
Total Assets, 2 Yr. CAGR %	135.77	162.23	-27.97	-83.79	-38.19
Tangible Book Value, 2 Yr. CAGR %	45.06	158.65	-80.15	-22.46	640.57
Common Equity, 2 Yr. CAGR %	153.07	209.84	-40.21	-47.03	-1.29
Cash From Operations, 2 Yr. CAGR %	45.35	36.63	-6.51	-18.35	-51.2
Capital Expenditures, 2 Yr. CAGR %	-6.08	689.47	112.89	-36.48	-
Levered Free Cash Flow, 2 Yr. CAGR %	24.78	34.89	22.4	-21.41	-89.35
Unlevered Free Cash Flow, 2 Yr. CAGR %	11.96	22.82	28.12	-18.16	-88.4
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	9.49	13.48	-9.34	-6.74	6.46
Gross Profit, 3 Yr. CAGR %	18.25	27.33	40.31	-20.5	-18.52
EBITDA, 3 Yr. CAGR %	9.49	17.87	26.98	-9.14	-69.57
EBITA, 3 Yr. CAGR %	11.56	19.96	26.16	-10.23	-73.82
EBIT, 3 Yr. CAGR %	12.08	20.57	26.52	-9.96	-74.13
Earnings From Cont. Operations, 3 Yr. CAGR %	19.35	37.57	44.15	7.62	-29.89
Net Income, 3 Yr. CAGR %	19.35	37.57	44.15	7.62	-29.89
Normalized Net Income, 3 Yr. CAGR %	18.63	37.63	30.78	-11.89	-83.94
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-50	-78.43
Accounts Receivable, 3 Yr. CAGR %	-6.91	46.37	-3.24	-45.92	-70.78
Inventory, 3 Yr. CAGR %	40.71	31.61	41.67	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	90.67	69.18	32.13	-97.16	-31.46
Total Assets, 3 Yr. CAGR %	95.88	100.06	35.3	-66.43	-48.37
Tangible Book Value, 3 Yr. CAGR %	83.46	128.01	-63.96	50.17	-27.33
Common Equity, 3 Yr. CAGR %	147.31	131.81	20.84	-18.28	-43.64
Cash From Operations, 3 Yr. CAGR %	17.82	24.71	21.13	-15.1	-39.02
Capital Expenditures, 3 Yr. CAGR %	-22.21	137.66	164.78	83.12	-
Levered Free Cash Flow, 3 Yr. CAGR %	4.7	36.39	18.71	0.22	-78.15
Unlevered Free Cash Flow, 3 Yr. CAGR %	-2.98	28.36	13.64	4.16	-76.43
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.94	1.36	-4.08	3.02	8.23
Gross Profit, 5 Yr. CAGR %	16.92	6.57	9.14	1.04	9.46
EBITDA, 5 Yr. CAGR %	6.57	2.13	7.11	2.91	-43.58
EBITA, 5 Yr. CAGR %	7.6	3.53	7.46	3.13	-48.18
EBIT, 5 Yr. CAGR %	8.14	3.98	7.8	3.55	-48.44
Earnings From Cont. Operations, 5 Yr. CAGR %	8.6	12.67	19.31	19.57	-0.74
Net Income, 5 Yr. CAGR %	8.6	12.67	19.31	19.57	-0.74
Normalized Net Income, 5 Yr. CAGR %	8.71	12.7	10.09	5.66	-58.08
Accounts Receivable, 5 Yr. CAGR %	-0.76	16.67	-8.67	-22.68	-44.74
Inventory, 5 Yr. CAGR %	12.46	12.35	20.32	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	40.06	49.18	42.56	-83.79	-2.24
Total Assets, 5 Yr. CAGR %	29.32	51.48	31.28	-26.79	-1.1
Tangible Book Value, 5 Yr. CAGR %	-7.21	82.67	-24.62	48.11	20.75
Common Equity, 5 Yr. CAGR %	23.12	67.06	40.15	28.44	11.44
Cash From Operations, 5 Yr. CAGR %	10.38	4.48	7.41	5.27	-15.8
Capital Expenditures, 5 Yr. CAGR %	-6.79	74.24	16.36	40.2	-
Levered Free Cash Flow, 5 Yr. CAGR %	4.82	9.98	11.45	9.4	-54.75
Unlevered Free Cash Flow, 5 Yr. CAGR %	3.07	5.85	8.44	7.21	-54.39