FENG
Phoenix New Media Limited
Price Chart
Latest Quote
$1.56
| Previous Close | $1.55 |
| Open | $1.55 |
| Day High | $1.58 |
| Day Low | $1.56 |
| Volume | 5,263 |
Stock Information
| Shares Outstanding | 5.40M |
| Total Debt | $5.90M |
| Cash Equivalents | $140.54M |
| Revenue | $117.98M |
| Net Income | $1.96M |
| Sector | Communication Services |
| Industry | Internet Content & Information |
| Market Cap | $18.74M |
| P/E Ratio | 10.40 |
| EPS (TTM) | $0.15 |
| Exchange | NYQ |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $-957.70M |
| Sales | $117.98M |
| Income | $1.96M |
| Book/sh | $14.17 |
| Cash/sh | $176.30 |
| Employees | 611 |
Financial Ratios
| Quick Ratio | 2.81 |
| Current Ratio | 2.91 |
| Debt/Eq | 3.67 |
Returns & Margins
| ROA | -1.01% |
| ROE | 1.13% |
| Gross Margin | 51.60% |
| Operating Margin | -15.85% |
| Profit Margin | 1.66% |
Ownership
| Institutional Ownership | 5.74% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 2.29 |
| PEG | 0.58 |
| P/S | 0.02 |
| P/B | 0.11 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $1.64 |
| SMA50 | $1.70 |
| SMA200 | $1.99 |
| RSI | 41.67 |
| ATR | 0.0701 |
| Shares Float | 5.25M |
| Short Float | 0.03% |
| Short Ratio | 0.47 |
| Volatility | -0.22 |
| Rel Volume | 0.12 |
Performance History
| Week | -6.02% |
| Month | -8.24% |
| Quarter | -12.85% |
| 6 Months | -22.00% |
| YTD | -8.77% |
| Year | -24.64% |
| 3 Years | -29.09% |
| 5 Years | -84.24% |
| 10 Years | -74.19% |
Sign up for free to view detailed scoring breakdown â premium is free during our trial period!
Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-22 | $1.56 | 5,263 |
| 2026-06-18 | $1.55 | 2,600 |
| 2026-06-17 | $1.59 | 23,200 |
| 2026-06-16 | $1.56 | 19,100 |
| 2026-06-15 | $1.66 | 3,600 |
| 2026-06-12 | $1.66 | 13,400 |
| 2026-06-11 | $1.77 | 23,000 |
| 2026-06-10 | $1.68 | 3,600 |
| 2026-06-09 | $1.63 | 16,700 |
| 2026-06-08 | $1.62 | 670,600 |
| 2026-06-05 | $1.61 | 11,300 |
| 2026-06-04 | $1.61 | 2,100 |
| 2026-06-03 | $1.61 | 6,600 |
| 2026-06-02 | $1.63 | 22,300 |
| 2026-06-01 | $1.64 | 2,600 |
| 2026-05-29 | $1.66 | 1,000 |
| 2026-05-28 | $1.65 | 4,300 |
| 2026-05-27 | $1.68 | 1,700 |
| 2026-05-26 | $1.68 | 15,300 |
About Phoenix New Media Limited
Phoenix New Media Limited provides content through an integrated Internet platform in the People's Republic of China. It operates in two segments, Net Advertising Services and Paid Services. The company provides various interest-based content verticals, such as news, military affairs, technology, finance, entertainment, sports, automobiles, digital reading, fashion, and history; and interactive services, including comment postings and user surveys. It also provides mobile newspaper and mobile video services, as well as e-commerce and wireless value-added services. In addition, the company's mobile channel comprises ifeng News that provides newsfeeds and other content in the form of text, images, live streaming, and video; ifeng Video, a video application, which offers video news, livestreaming, Phoenix TV programs content, etc.; i.ifeng.com mobile Internet website; and digital reading applications. It offers content and services through PC, mobile, and third-party channels, as well as transmits content primarily through Phoenix TV to TV viewers. Phoenix New Media Limited was founded in 1998 and is headquartered in Beijing, the People's Republic of China. Phoenix New Media Limited is a subsidiary of Phoenix Satellite Television (B.V.I.) Holding Limited.
đ° Latest News
Asian Equities Traded in the US as American Depositary Receipts Rise in Friday Trading, Marginally Lower for Week
MT Newswires âĸ 2026-06-12T14:39:14ZAsian Equities Traded in the US as American Depositary Receipts Higher in Thursday Trading
MT Newswires âĸ 2026-05-14T14:44:46ZAsian Equities Traded in the US as American Depositary Receipts Open Week Higher in Monday Trading
MT Newswires âĸ 2026-05-04T14:37:53ZAsian Equities Traded in the US as American Depositary Receipts Fall Sharply in Thursday Trading
MT Newswires âĸ 2026-04-23T14:44:49ZAsian Equities Traded in the US as American Depositary Receipts Decline in Friday Trading
MT Newswires âĸ 2026-03-27T14:37:22ZAsian Equities Traded in the US as American Depositary Receipts Falling Sharply in Thursday Trading
MT Newswires âĸ 2026-03-26T14:35:33ZAsian Equities Traded in the US as American Depositary Receipts Decline in Tuesday Trading
MT Newswires âĸ 2026-03-24T14:47:24ZAsian Equities Traded in the US as American Depositary Receipts Track Slightly Lower in Wednesday Trading
MT Newswires âĸ 2026-03-11T14:35:25ZPhoenix New Media Ltd (FENG) Q4 2025 Earnings Call Highlights: Revenue Growth and Strategic ...
GuruFocus.com âĸ 2026-03-11T09:00:34ZAsian Equities Traded in the US as American Depositary Receipts Open Week Sharply Lower in Monday Trading
MT Newswires âĸ 2026-03-09T14:41:59ZIncome Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $57,841,912 | $64,279,973 | $68,588,466 | $81,054,663 |
| Cost Of Revenue | $57,841,912 | $64,279,973 | $68,588,466 | $81,054,663 |
| Total Revenue | $113,131,328 | $103,987,677 | $102,262,418 | $116,106,901 |
| Operating Revenue | $113,131,328 | $103,987,677 | $102,262,418 | $116,106,901 |
| Expenses | ||||
| Total Expenses | $118,211,348 | $113,551,745 | $120,837,140 | $144,395,977 |
| Other Income Expense | $3,231,665 | $-2,361,721 | $-755,567 | $-5,333,008 |
| Other Non Operating Income Expenses | $78,025 | $132,553 | $1,240,857 | $1,225,636 |
| Net Non Operating Interest Income Expense | $3,107,978 | $4,788,166 | $5,123,465 | $4,641,723 |
| Operating Expense | $60,369,435 | $49,271,771 | $52,248,674 | $63,341,314 |
| Selling And Marketing Expense | $40,236,291 | $27,225,695 | $23,043,697 | $30,291,263 |
| General And Administrative Expense | $10,586,810 | $11,590,785 | $16,990,144 | $13,572,432 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $49,652 | $-7,913,878 | $-15,146,222 | $-16,203,692 |
| Net Interest Income | $3,107,978 | $4,788,166 | $5,123,465 | $4,641,723 |
| Interest Income | $3,107,978 | $4,788,166 | $5,123,465 | $4,641,723 |
| Normalized Income | $-2,750,477 | $-7,812,468 | $-14,881,892 | $-12,775,856 |
| Net Income From Continuing And Discontinued Operation | $49,652 | $-7,913,878 | $-15,146,222 | $-16,203,692 |
| Total Operating Income As Reported | $-5,080,020 | $-9,564,067 | $-18,574,722 | $-28,289,075 |
| Net Income Common Stockholders | $49,652 | $-7,913,878 | $-15,146,222 | $-16,203,692 |
| Net Income | $49,652 | $-7,913,878 | $-15,146,222 | $-16,203,692 |
| Net Income Including Noncontrolling Interests | $53,937 | $-7,824,031 | $-16,124,337 | $-18,577,973 |
| Net Income Continuous Operations | $53,937 | $-7,824,031 | $-16,124,337 | $-18,577,973 |
| Pretax Income | $1,259,624 | $-7,137,622 | $-14,206,824 | $-28,980,361 |
| Earnings From Equity Interest | $-579,864 | $-2,359,061 | $-1,643,983 | $-1,211,006 |
| Interest Income Non Operating | $3,107,978 | $4,788,166 | $5,123,465 | $4,641,723 |
| Operating Income | $-5,080,020 | $-9,564,067 | $-18,574,722 | $-28,289,075 |
| Gross Profit | $55,289,416 | $39,707,704 | $33,673,952 | $35,052,239 |
| Special Income Charges | - | $0 | $0 | $-883,687 |
| Net Income Discontinuous Operations | - | - | - | $0 |
| Per Share | ||||
| Diluted EPS | $0.00 | $-0.64 | $-1.28 | $-1.35 |
| Basic EPS | $0.00 | $-0.64 | $-1.28 | $-1.35 |
| Other | ||||
| Tax Effect Of Unusual Items | $933,376 | $-33,803 | $-88,110 | $-1,919,802 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-4,806,343 | $-4,269,037 | $-11,932,586 | $-14,851,118 |
| Total Unusual Items | $3,733,505 | $-135,213 | $-352,440 | $-5,347,638 |
| Total Unusual Items Excluding Goodwill | $3,733,505 | $-135,213 | $-352,440 | $-5,347,638 |
| Reconciled Depreciation | $4,007,182 | $5,159,817 | $6,289,696 | $8,090,319 |
| EBITDA (Bullshit earnings) | $-1,072,838 | $-4,404,250 | $-12,285,026 | $-20,198,756 |
| EBIT | $-5,080,020 | $-9,564,067 | $-18,574,722 | $-28,289,075 |
| Diluted Average Shares | $1,774,878 | $1,775,708 | $1,792,502 | $1,792,756 |
| Basic Average Shares | $1,774,878 | $1,775,708 | $1,792,502 | $1,792,756 |
| Diluted NI Availto Com Stockholders | $49,652 | $-7,913,878 | $-15,146,222 | $-16,203,692 |
| Minority Interests | $-4,285 | $-89,846 | $978,115 | $2,374,281 |
| Tax Provision | $1,205,686 | $686,409 | $1,917,513 | $-10,402,388 |
| Gain On Sale Of Security | $3,733,505 | $-135,213 | $-352,440 | $-4,463,951 |
| Research And Development | $9,546,335 | $10,455,291 | $12,214,834 | $19,477,620 |
| Selling General And Administration | $50,823,101 | $38,816,480 | $40,033,841 | $43,863,694 |
| Other Gand A | $10,586,810 | $11,590,785 | $16,990,144 | $13,572,432 |
| Write Off | - | $0 | $0 | $883,687 |
| Impairment Of Capital Assets | - | - | - | $0 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $171,525,176 | $171,645,759 | $178,061,802 | $190,675,329 |
| Total Assets | $243,795,573 | $252,977,941 | $259,896,267 | $300,102,559 |
| Total Non Current Assets | $34,209,041 | $35,107,358 | $41,393,803 | $54,554,093 |
| Other Non Current Assets | $67,680 | $12,709 | $72,261 | $72,261 |
| Non Current Prepaid Assets | $1,503,894 | $1,999,084 | $1,875,249 | $2,831,789 |
| Non Current Deferred Assets | $7,880,924 | $9,347,874 | $10,369,287 | $13,160,734 |
| Non Current Deferred Taxes Assets | $7,880,924 | $9,347,874 | $10,369,287 | $13,160,734 |
| Investmentin Financial Assets | $45,219 | $46,253 | $45,662 | $44,923 |
| Goodwill And Other Intangible Assets | $1,539,064 | $2,027,900 | $2,962,864 | $4,304,059 |
| Other Intangible Assets | $1,539,064 | $2,027,900 | $2,962,864 | $4,304,059 |
| Current Assets | $209,586,532 | $217,870,583 | $218,502,464 | $245,548,466 |
| Other Current Assets | $509,524 | $577,500 | $1,831,804 | $1,014,615 |
| Restricted Cash | $2,379,454 | $1,442,420 | $1,041,657 | $1,338,092 |
| Prepaid Assets | $4,352,973 | $3,186,298 | $3,208,465 | $3,251,171 |
| Receivables | $54,308,493 | $59,582,244 | $51,912,785 | $70,664,244 |
| Notes Receivable | $2,781,103 | $4,435,726 | $3,461,158 | $26,895 |
| Accounts Receivable | $40,534,203 | $43,856,010 | $39,962,762 | $63,307,031 |
| Allowance For Doubtful Accounts Receivable | $-10,398,103 | $-12,622,689 | $-15,760,666 | $-46,130,544 |
| Gross Accounts Receivable | $50,932,306 | $56,478,699 | $55,723,427 | $109,437,575 |
| Cash Cash Equivalents And Short Term Investments | $148,036,088 | $153,082,120 | $160,507,753 | $169,280,344 |
| Cash And Cash Equivalents | $79,435,653 | $89,784,252 | $77,936,931 | $14,183,624 |
| Other Receivables | - | - | - | $500,953 |
| Debt | ||||
| Total Debt | $6,401,856 | $8,374,636 | $10,262,003 | $15,455,070 |
| Long Term Debt And Capital Lease Obligation | $4,318,541 | $6,753,262 | $7,319,088 | $11,961,845 |
| Current Debt And Capital Lease Obligation | $2,083,315 | $1,621,374 | $2,942,915 | $3,493,225 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $80,015,665 | $88,445,125 | $87,943,286 | $113,135,761 |
| Total Non Current Liabilities Net Minority Interest | $6,386,783 | $9,043,313 | $10,067,385 | $14,966,529 |
| Other Non Current Liabilities | $2,068,242 | $2,290,050 | $2,748,297 | $3,004,684 |
| Current Liabilities | $73,628,882 | $79,401,813 | $77,875,901 | $98,169,232 |
| Other Current Liabilities | $1,841,705 | $1,853,822 | $1,861,211 | $1,803,431 |
| Current Deferred Liabilities | $6,115,027 | $6,763,311 | $7,703,152 | $8,004,758 |
| Payables And Accrued Expenses | $63,588,835 | $69,163,306 | $65,368,623 | $84,867,818 |
| Payables | $62,994,932 | $68,260,703 | $64,924,858 | $84,343,959 |
| Other Payable | $14,529,858 | $17,289,238 | $18,408,329 | $21,508,475 |
| Total Tax Payable | $26,067,888 | $25,998,138 | $25,192,328 | $27,120,185 |
| Accounts Payable | $18,090,467 | $21,378,434 | $18,048,056 | $26,149,459 |
| Non Current Deferred Liabilities | - | - | - | $0 |
| Non Current Deferred Taxes Liabilities | - | - | - | $0 |
| Equity | ||||
| Common Stock Equity | $173,064,240 | $173,673,659 | $181,024,666 | $194,979,388 |
| Total Equity Gross Minority Interest | $163,779,908 | $164,532,816 | $171,952,981 | $186,966,798 |
| Stockholders Equity | $173,064,240 | $173,673,659 | $181,024,666 | $194,979,388 |
| Gains Losses Not Affecting Retained Earnings | $8,634,718 | $9,135,228 | $8,710,526 | $8,001,212 |
| Other Equity Adjustments | $8,634,718 | $9,135,228 | $8,710,526 | $8,001,212 |
| Retained Earnings | $-83,854,976 | $-83,743,555 | $-75,861,892 | $-60,745,963 |
| Long Term Equity Investment | $15,386,798 | $12,625,202 | $14,957,811 | $16,903,696 |
| Other | ||||
| Treasury Shares Number | $858,135 | $302,061 | $302,061 | - |
| Ordinary Shares Number | $85,194,137 | $85,194,137 | $85,750,211 | $86,052,273 |
| Share Issued | $86,052,273 | $85,496,199 | $86,052,273 | $86,052,273 |
| Tangible Book Value | $171,525,176 | $171,645,759 | $178,061,802 | $190,675,329 |
| Invested Capital | $173,064,240 | $173,673,659 | $181,024,666 | $194,979,388 |
| Working Capital | $135,957,650 | $138,468,770 | $140,626,563 | $147,379,234 |
| Capital Lease Obligations | $6,401,856 | $8,374,636 | $10,262,003 | $15,455,070 |
| Total Capitalization | $173,064,240 | $173,673,659 | $181,024,666 | $194,979,388 |
| Minority Interest | $-9,284,332 | $-9,140,843 | $-9,071,685 | $-8,012,590 |
| Treasury Stock | $218,705 | $218,705 | $96,792 | $0 |
| Additional Paid In Capital | $242,658,454 | $242,655,942 | $242,428,075 | $241,879,390 |
| Capital Stock | $5,844,749 | $5,844,749 | $5,844,749 | $5,844,749 |
| Common Stock | $5,844,749 | $5,844,749 | $5,844,749 | $5,844,749 |
| Long Term Capital Lease Obligation | $4,318,541 | $6,753,262 | $7,319,088 | $11,961,845 |
| Current Deferred Revenue | $6,115,027 | $6,763,311 | $7,703,152 | $8,004,758 |
| Current Capital Lease Obligation | $2,083,315 | $1,621,374 | $2,942,915 | $3,493,225 |
| Current Accrued Expenses | $593,903 | $902,602 | $443,765 | $523,858 |
| Dueto Related Parties Current | $4,306,719 | $3,594,893 | $3,276,145 | $9,565,841 |
| Investments And Advances | $15,432,017 | $12,671,455 | $15,003,473 | $16,948,619 |
| Available For Sale Securities | $45,219 | $46,253 | $45,662 | $44,923 |
| Net PPE | $7,785,462 | $9,048,337 | $11,110,668 | $17,236,630 |
| Accumulated Depreciation | $-5,196,613 | $-12,612,936 | $-12,910,848 | $-16,864,240 |
| Gross PPE | $12,982,075 | $21,661,273 | $24,021,516 | $34,100,871 |
| Leases | $2,525,602 | $6,688,094 | $7,088,118 | $7,088,118 |
| Other Properties | $6,200,145 | $8,392,221 | $10,041,229 | $15,302,124 |
| Machinery Furniture Equipment | $4,256,328 | $6,580,958 | $6,892,170 | $11,710,630 |
| Properties | $0 | $0 | $0 | $0 |
| Duefrom Related Parties Current | $10,993,188 | $11,290,509 | $8,488,865 | $6,829,366 |
| Other Short Term Investments | $68,600,435 | $63,297,869 | $82,570,822 | $155,096,720 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-2,321,526 | $-7,318,349 | $-10,424,554 | $-51,184,260 |
| Operating Activities | ||||
| Operating Cash Flow | $-393,817 | $-6,546,822 | $-8,988,636 | $-46,166,158 |
| Cash Flow From Continuing Operating Activities | $-393,817 | $-6,546,822 | $-8,988,636 | $-46,166,158 |
| Operating Gains Losses | $276,189 | $2,564,762 | $1,739,002 | $6,463,478 |
| Cash From Discontinued Operating Activities | - | - | - | $0 |
| Investing Activities | ||||
| Capital Expenditure | $-1,927,709 | $-771,527 | $-1,435,918 | $-5,018,102 |
| Investing Cash Flow | $-8,428,574 | $18,843,818 | $72,090,557 | $33,795,718 |
| Cash Flow From Continuing Investing Activities | $-8,428,574 | $18,843,818 | $72,090,557 | $33,795,718 |
| Cash From Discontinued Investing Activities | - | - | - | $0 |
| Capital Expenditure Reported | - | - | - | - |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $0 | $-121,913 | $-96,792 | $0 |
| Financing Cash Flow | $-147,774 | $-280,918 | $-96,792 | $0 |
| Cash Flow From Continuing Financing Activities | $-147,774 | $-280,918 | $-96,792 | $0 |
| Net Other Financing Charges | $-147,774 | $-159,005 | - | - |
| Net Common Stock Issuance | $0 | $-121,913 | $-96,792 | $0 |
| Dividends Received Cfi | $173,191 | $63,099 | $78,320 | $30,441 |
| Cash Dividends Paid | - | - | $0 | $0 |
| Common Stock Dividend Paid | - | - | $0 | $0 |
| Cash From Discontinued Financing Activities | - | - | - | $0 |
| Other | ||||
| Income Tax Paid Supplemental Data | $18,619 | $12,856 | $9,162 | $26,034,195 |
| End Cash Position | $81,815,107 | $91,226,672 | $78,978,589 | $15,521,716 |
| Beginning Cash Position | $91,226,672 | $78,978,589 | $15,521,716 | $30,234,222 |
| Effect Of Exchange Rate Changes | $-441,400 | $232,005 | $451,744 | $-2,342,067 |
| Changes In Cash | $-8,970,165 | $12,016,078 | $63,005,129 | $-12,370,440 |
| Common Stock Payments | $0 | $-121,913 | $-96,792 | $0 |
| Net Investment Purchase And Sale | $-6,782,817 | $19,511,903 | $72,732,486 | $38,845,739 |
| Sale Of Investment | $349,699,138 | $498,713,784 | $261,681,522 | $463,948,079 |
| Purchase Of Investment | $-356,481,955 | $-479,201,881 | $-188,949,036 | $-425,102,339 |
| Net Business Purchase And Sale | $0 | $0 | $158,414 | $-1,329,964 |
| Sale Of Business | $0 | $0 | $158,414 | $0 |
| Net PPE Purchase And Sale | $-1,818,948 | $-731,185 | $-878,663 | $-3,750,499 |
| Sale Of PPE | $108,762 | $40,342 | $557,255 | $1,267,604 |
| Purchase Of PPE | $-1,927,709 | $-771,527 | $-1,435,918 | $-5,018,102 |
| Change In Working Capital | $-2,436,199 | $-7,135,110 | $-6,416,781 | $-40,750,544 |
| Change In Other Working Capital | $-428,692 | $-752,612 | $333,230 | $-224,468 |
| Change In Other Current Liabilities | $-2,432,504 | $-3,814,337 | $-3,296,538 | $-5,904,154 |
| Change In Other Current Assets | $357,908 | $-64,282 | $956,540 | $-3,232,847 |
| Change In Payables And Accrued Expense | $-5,833,223 | $3,760,991 | $-19,000,458 | $-42,802,087 |
| Change In Accrued Expense | $-1,322,575 | $-854,871 | $-2,568,900 | $-5,077,951 |
| Change In Payable | $-4,510,647 | $4,615,862 | $-16,431,559 | $-37,724,136 |
| Change In Account Payable | $-3,372,493 | $3,336,141 | $-8,083,079 | $-5,213,755 |
| Change In Tax Payable | $130,780 | $936,886 | $-870,683 | $-33,200,485 |
| Change In Income Tax Payable | $130,780 | $936,886 | $-870,683 | $-33,200,485 |
| Change In Prepaid Assets | $-250,477 | $655,672 | $-410,959 | $2,173,605 |
| Change In Receivables | $6,150,788 | $-6,920,542 | $15,001,404 | $9,239,408 |
| Changes In Account Receivables | $5,913,464 | $-4,297,557 | $16,683,070 | $7,024,870 |
| Stock Based Compensation | $2,512 | $227,867 | $548,684 | $1,164,605 |
| Unrealized Gain Loss On Investment Securities | $-3,514,652 | $-89,255 | $65,020 | $-393,669 |
| Provisionand Write Offof Assets | $-249,738 | $-472,285 | $2,118,633 | $-3,478,004 |
| Deferred Tax | $1,466,950 | $1,021,412 | $2,791,447 | $268,505 |
| Deferred Income Tax | $1,466,950 | $1,021,412 | $2,791,447 | $268,505 |
| Depreciation Amortization Depletion | $4,007,182 | $5,159,817 | $6,289,696 | $8,090,319 |
| Depreciation And Amortization | $4,007,182 | $5,159,817 | $6,289,696 | $8,090,319 |
| Depreciation | $4,007,182 | $5,159,817 | $6,289,696 | $8,090,319 |
| Earnings Losses From Equity Investments | $579,864 | $2,359,061 | $1,643,983 | $1,211,006 |
| Net Foreign Currency Exchange Gain Loss | $-218,853 | $224,468 | $287,420 | $4,857,620 |
| Gain Loss On Sale Of PPE | $-84,822 | $-18,767 | $-111,421 | $394,852 |
| Gain Loss On Sale Of Business | $0 | $0 | $-80,980 | $0 |
| Net Income From Continuing Operations | $53,937 | $-7,824,031 | $-16,124,337 | $-18,577,973 |
| Purchase Of Business | - | $0 | $0 | $-1,329,964 |
| Asset Impairment Charge | - | $0 | $0 | $1,047,125 |
| Repayment Of Debt | - | - | - | $0 |
| Issuance Of Debt | - | - | - | $0 |
| Interest Paid Supplemental Data | - | - | - | $0 |
| Cash Flow From Discontinued Operation | - | - | - | $0 |
| Net Issuance Payments Of Debt | - | - | - | $0 |
| Net Long Term Debt Issuance | - | - | - | $0 |
| Long Term Debt Payments | - | - | - | $0 |
| Long Term Debt Issuance | - | - | - | $0 |
| Proceeds From Stock Option Exercised | - | - | - | - |
| Net Short Term Debt Issuance | - | - | - | - |
| Short Term Debt Payments | - | - | - | - |