Aurora Solar Technologies Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 6.3M | 10.9M | 5.5M | 0.00 | -- |
| Operating Revenue | 6.3M | 10.9M | 5.5M | 0.00 | -- |
| Cost Of Revenue | 2.7M | 4.7M | 2.8M | 0.00 | -- |
| Gross Profit | 3.6M | 6.2M | 2.8M | 0.00 | -- |
| Selling General And Administration | 4.8M | 5.1M | 4.3M | 2.5M | -- |
| General And Administrative Expense | 4.1M | 4.0M | 3.4M | 2.4M | -- |
| Research And Development | 867,926 | 838,911 | 1.4M | 2.0M | -- |
| Depreciation And Amortization In Income Statement | 677,933 | 519,448 | 495,907 | 148,172 | -- |
| Other Operating Expenses | -853,162 | 233,844 | -- | -322,374 | -264,487 |
| Operating Expense | 5.5M | 6.7M | 6.2M | 4.2M | -- |
| Operating Income | -1.9M | -447,433 | -3.5M | -4.2M | -- |
| EBIT | -3.3M | -340,362 | -4.7M | -4.2M | -- |
| Interest Expense | 14,537 | 19,907 | 19,030 | 11,080 | -- |
| Interest Expense Non Operating | 14,537 | 19,907 | 19,030 | 11,080 | -- |
| Net Interest Income | -14,537 | -19,907 | -19,030 | -11,080 | -- |
| Other Income Expense | -1.3M | 107,070 | -1.2M | -33,822 | -- |
| Other Non Operating Income Expenses | 17,207 | -26,419 | 8,361 | 90,786 | -- |
| Special Income Charges | -1.2M | 1,618 | -1.2M | -176,572 | -- |
| Restructuring And Mergern Acquisition | -- | 0.00 | 894,008 | 176,572 | 0.00 |
| Write Off | 174,213 | 0.00 | 308,948 | 0.00 | -- |
| Gain On Sale Of Security | -135,844 | 131,871 | 38,485 | 51,964 | -- |
| Pretax Income | -3.3M | -360,269 | -4.7M | -4.2M | -- |
| Tax Provision | -45,113 | -142,632 | -192,884 | -- | -- |
| Tax Effect Of Unusual Items | -18,849 | 52,849 | -48,417 | 0.00 | -- |
| Net Income From Continuing And Discontinued Operation | -3.2M | -217,637 | -4.5M | -4.2M | -- |
| Net Income From Continuing Operation Net Minority Interest | -3.2M | -217,637 | -4.5M | -4.2M | -- |
| Net Income Including Noncontrolling Interests | -3.2M | -217,637 | -4.5M | -4.2M | -- |
| Net Income Common Stockholders | -3.2M | -217,637 | -4.5M | -4.2M | -- |
| Net Income | -3.2M | -217,637 | -4.5M | -4.2M | -- |
| EBITDA | -2.6M | 179,086 | -4.2M | -4.1M | -- |
| Normalized EBITDA | -1.2M | 45,597 | -3.0M | -4.0M | -- |
| Reconciled Depreciation | 677,933 | 519,448 | 495,907 | 148,172 | -- |
| Basic EPS | -0.01 | 0.00 | -0.02 | -0.03 | -- |
| Diluted EPS | -0.01 | 0.00 | -0.02 | -0.03 | -- |
| Basic Average Shares | 222.2M | 222.2M | 191.3M | 142.7M | -- |
| Diluted Average Shares | 222.2M | 222.2M | 191.3M | 142.7M | -- |
| Total Unusual Items | -1.4M | 133,489 | -1.2M | -124,608 | -- |
| Total Unusual Items Excluding Goodwill | -1.4M | 133,489 | -1.2M | -124,608 | -- |
| Tax Rate For Calcs | 0.01 | 0.40 | 0.04 | 0.00 | -- |
| Normalized Income | -1.9M | -298,277 | -3.4M | -4.1M | -- |
| Depreciation Amortization Depletion Income Statement | 677,933 | 519,448 | 495,907 | 148,172 | -- |
| Depreciation Income Statement | 677,933 | 519,448 | 495,907 | 148,172 | -- |
| Diluted NI Availto Com Stockholders | -3.2M | -217,637 | -4.5M | -4.2M | -- |
| Impairment Of Capital Assets | 1.1M | 18,382 | 8,437 | -- | -- |
| Net Income Continuous Operations | -3.2M | -217,637 | -4.5M | -4.2M | -- |
| Net Non Operating Interest Income Expense | -14,537 | -19,907 | -19,030 | -11,080 | -- |
| Other Gand A | 1.1M | 1.3M | 1.3M | 1.1M | -- |
| Other Special Charges | -- | -20,000 | -- | -- | -- |
| Provision For Doubtful Accounts | -- | -- | 0.00 | -124,209 | 797,850 |
| Reconciled Cost Of Revenue | 2.7M | 4.7M | 2.8M | 0.00 | -- |
| Salaries And Wages | 3.1M | 2.8M | 2.1M | 1.3M | -- |
| Selling And Marketing Expense | 666,903 | 1.0M | 938,151 | 103,056 | -- |
| Total Expenses | 8.2M | 11.4M | 9.0M | 4.2M | -- |
| Total Operating Income As Reported | 4.1M | 333,943 | -3.8M | -4.4M | -- |
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 1.3M | 2.9M | 2.8M | 2.0M | -- |
| Cash Cash Equivalents And Short Term Investments | 1.3M | 2.9M | 2.8M | 2.0M | -- |
| Cash Financial | 1.3M | 2.9M | 2.8M | 2.0M | -- |
| Accounts Receivable | 158,966 | 604,974 | 1.2M | 103,815 | -- |
| Receivables | 1.1M | 920,936 | 1.3M | 117,784 | -- |
| Inventory | 3.9M | 3.6M | 3.2M | 323,661 | -- |
| Prepaid Assets | 89,545 | 618,860 | 91,429 | 35,781 | -- |
| Other Current Assets | -- | -- | -- | 1.8M | -- |
| Current Assets | 6.3M | 8.0M | 7.4M | 2.5M | -- |
| Gross PPE | 1.1M | 1.1M | 800,823 | 527,169 | -- |
| Accumulated Depreciation | -791,280 | -449,961 | -325,082 | -92,543 | -- |
| Net PPE | 340,985 | 644,556 | 475,741 | 434,626 | -- |
| Goodwill | 0.00 | 628,927 | 628,927 | 0.00 | -- |
| Goodwill And Other Intangible Assets | 378,868 | 1.4M | 1.5M | 202,121 | -- |
| Other Intangible Assets | 378,868 | 740,483 | 886,270 | 202,121 | -- |
| Other Non Current Assets | 41,838 | 60,587 | 52,062 | 58,134 | -- |
| Total Non Current Assets | 761,691 | 2.2M | 2.0M | 694,881 | -- |
| Total Assets | 7.1M | 10.2M | 9.4M | 3.2M | -- |
| Current Debt | 686,147 | 6,801 | 60,000 | -- | -- |
| Current Debt And Capital Lease Obligation | 778,508 | 206,063 | 217,564 | 81,223 | -- |
| Payables And Accrued Expenses | 1.4M | 1.3M | 1.2M | 395,277 | -- |
| Current Deferred Revenue | 1.7M | 2.3M | 1.9M | 0.00 | -- |
| Current Liabilities | 4.0M | 4.2M | 3.6M | 476,500 | -- |
| Long Term Debt | 24,718 | 32,120 | -- | 60,000 | 60,000 |
| Long Term Debt And Capital Lease Obligation | 24,718 | 140,814 | 95,739 | 236,644 | -- |
| Long Term Capital Lease Obligation | 0.00 | 108,694 | 95,739 | 176,644 | -- |
| Total Non Current Liabilities Net Minority Interest | 121,473 | 180,138 | 171,518 | 236,644 | -- |
| Total Liabilities Net Minority Interest | 4.1M | 4.4M | 3.8M | 713,144 | -- |
| Common Stock | 27.7M | 27.7M | 27.7M | 20.5M | -- |
| Capital Stock | 27.7M | 27.7M | 27.7M | 20.5M | -- |
| Additional Paid In Capital | 3.4M | 3.2M | 2.9M | 2.7M | -- |
| Retained Earnings | -28.6M | -25.4M | -25.2M | -20.7M | -- |
| Gains Losses Not Affecting Retained Earnings | 442,079 | 317,190 | 159,595 | 0.00 | -- |
| Other Equity Adjustments | 442,079 | 317,190 | 159,595 | -- | -- |
| Common Stock Equity | 3.0M | 5.8M | 5.6M | 2.5M | -- |
| Stockholders Equity | 3.0M | 5.8M | 5.6M | 2.5M | -- |
| Total Equity Gross Minority Interest | 3.0M | 5.8M | 5.6M | 2.5M | -- |
| Total Capitalization | 3.0M | 5.8M | 5.6M | 2.5M | -- |
| Net Tangible Assets | 2.6M | 4.4M | 4.1M | 2.3M | -- |
| Tangible Book Value | 2.6M | 4.4M | 4.1M | 2.3M | -- |
| Working Capital | 2.3M | 3.8M | 3.7M | 2.0M | -- |
| Invested Capital | 3.7M | 5.9M | 5.7M | 2.5M | -- |
| Total Debt | 803,226 | 346,877 | 313,303 | 317,867 | -- |
| Share Issued | 222.2M | 222.2M | 222.2M | 145.0M | -- |
| Ordinary Shares Number | 222.2M | 222.2M | 222.2M | 145.0M | -- |
| Buildings And Improvements | 509,709 | 463,495 | 293,377 | 242,528 | -- |
| Capital Lease Obligations | 92,361 | 307,956 | 253,303 | 257,867 | -- |
| Current Capital Lease Obligation | 92,361 | 199,262 | 157,564 | 81,223 | -- |
| Current Deferred Liabilities | 1.7M | 2.3M | 1.9M | 0.00 | -- |
| Current Provisions | 62,681 | 401,970 | 330,251 | -- | -- |
| Finished Goods | 463,989 | 91,982 | 483,043 | 0.00 | -- |
| Leases | 18,200 | 21,129 | 21,604 | 0.00 | -- |
| Long Term Provisions | 28,554 | 39,324 | -- | -- | -- |
| Machinery Furniture Equipment | 98,710 | 97,909 | 63,074 | 36,636 | -- |
| Non Current Deferred Assets | 0.00 | 95,754 | -- | -- | -- |
| Non Current Deferred Liabilities | 68,201 | 0.00 | 75,779 | 0.00 | -- |
| Non Current Deferred Taxes Assets | 0.00 | 95,754 | -- | -- | -- |
| Non Current Deferred Taxes Liabilities | 68,201 | 0.00 | 75,779 | 0.00 | -- |
| Other Current Borrowings | 686,147 | 6,801 | 60,000 | -- | -- |
| Other Properties | 505,646 | 511,984 | 422,768 | 248,005 | -- |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Raw Materials | 2.5M | 2.6M | 1.9M | 323,661 | -- |
| Restricted Cash | 44,950 | 0.00 | -- | -- | -- |
| Taxes Receivable | 912,125 | 315,962 | 70,125 | 13,969 | -- |
| Treasury Shares Number | -- | 0.00 | -- | -- | -- |
| Work In Process | 936,176 | 988,896 | 807,099 | 0.00 | -- |
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | -1.7M | 409,474 | -2.4M | -3.8M | -- |
| Cash Flow From Continuing Operating Activities | -1.7M | 409,474 | -2.4M | -3.8M | -- |
| Depreciation And Amortization | 677,933 | 519,448 | 495,907 | 148,172 | -- |
| Depreciation Amortization Depletion | 677,933 | 519,448 | 495,907 | 148,172 | -- |
| Stock Based Compensation | 229,910 | 273,125 | 543,848 | 494,436 | -- |
| Deferred Tax | 163,955 | -237,219 | 156,702 | 0.00 | -- |
| Deferred Income Tax | 163,955 | -237,219 | 156,702 | 0.00 | -- |
| Change In Working Capital | -789,391 | -102,562 | -248,476 | -47,442 | -- |
| Change In Receivables | -324,369 | 398,331 | 31,097 | 26,185 | -- |
| Change In Inventory | -237,329 | -574,317 | 289,536 | 10,055 | -- |
| Change In Payables And Accrued Expense | 177,384 | 79,997 | -93,793 | -102,684 | -- |
| Change In Payable | 177,384 | 79,997 | -93,793 | -102,684 | -- |
| Change In Other Working Capital | -934,392 | 520,858 | -534,081 | -4,122 | -- |
| Other Non Cash Items | 14,537 | -17,063 | 275,684 | 18,241 | -- |
| Capital Expenditure | -374,291 | -373,906 | -89,714 | -169,540 | -- |
| Purchase Of PPE | -372,856 | -337,565 | -61,327 | -169,540 | -- |
| Net PPE Purchase And Sale | -372,856 | -218,039 | -61,327 | -169,540 | -- |
| Purchase Of Business | -- | 0.00 | -1.2M | 0.00 | -- |
| Sale Of Business | -- | 0.00 | 3.6M | 0.00 | -- |
| Investing Cash Flow | -382,547 | -262,903 | 2.2M | -190,966 | -- |
| Cash Flow From Continuing Investing Activities | -382,547 | -262,903 | 2.2M | -190,966 | -- |
| Issuance Of Debt | 678,745 | 0.00 | -- | 0.00 | 60,000 |
| Repayment Of Debt | -219,621 | -216,126 | -198,830 | -92,486 | -- |
| Net Issuance Payments Of Debt | 459,124 | -216,126 | -198,830 | -92,486 | -- |
| Issuance Of Capital Stock | -- | 0.00 | 1.2M | 3.5M | 55,000 |
| Net Common Stock Issuance | -- | 0.00 | 1.2M | 3.5M | 55,000 |
| Financing Cash Flow | 444,587 | -236,033 | 910,470 | 3.3M | -- |
| Cash Flow From Continuing Financing Activities | 444,587 | -236,033 | 910,470 | 3.3M | -- |
| Effect Of Exchange Rate Changes | 40,389 | 138,583 | 62,511 | 0.00 | -- |
| Changes In Cash | -1.6M | -89,462 | 722,039 | -754,957 | -- |
| Beginning Cash Position | 2.9M | 2.8M | 2.0M | 2.8M | -- |
| End Cash Position | 1.3M | 2.9M | 2.8M | 2.0M | -- |
| Free Cash Flow | -2.1M | 35,568 | -2.5M | -4.0M | -- |
| Income Tax Paid Supplemental Data | -- | -- | -- | -- | 0.00 |
| Interest Paid Supplemental Data | 14,537 | 19,907 | 19,030 | 18,241 | -- |
| Amortization Cash Flow | -- | -- | -- | -- | 34,061 |
| Amortization Of Intangibles | -- | -- | -- | -- | 34,061 |
| Asset Impairment Charge | 1.2M | 191,038 | 818,158 | -90,786 | -- |
| Cash Dividends Paid | 0.00 | 0.00 | -- | -- | -- |
| Change In Account Payable | 177,384 | 60,061 | -57,611 | -102,684 | -- |
| Change In Income Tax Payable | 0.00 | 19,936 | -36,182 | 0.00 | -- |
| Change In Prepaid Assets | 529,315 | -527,431 | 58,765 | 23,124 | -- |
| Change In Tax Payable | 0.00 | 19,936 | -36,182 | 0.00 | -- |
| Common Stock Issuance | -- | 0.00 | 1.2M | 3.5M | 55,000 |
| Depreciation | 677,933 | 519,448 | 495,907 | 148,172 | -- |
| Gain Loss On Sale Of PPE | 0.00 | 344.00 | 11,310 | 0.00 | -- |
| Interest Paid Cff | -14,537 | -19,907 | -- | -- | -- |
| Long Term Debt Issuance | 678,745 | 0.00 | -- | 0.00 | 60,000 |
| Long Term Debt Payments | -219,621 | -216,126 | -198,830 | -92,486 | -- |
| Net Business Purchase And Sale | -- | 0.00 | 2.3M | 0.00 | -- |
| Net Income From Continuing Operations | -3.2M | -217,637 | -4.5M | -4.2M | -- |
| Net Intangibles Purchase And Sale | -1,435 | -36,341 | -28,387 | 0.00 | -- |
| Net Long Term Debt Issuance | 459,124 | -216,126 | -198,830 | -92,486 | -- |
| Net Other Financing Charges | -- | -- | -61,700 | -288,117 | -85,659 |
| Net Other Investing Changes | -8,256 | -8,523 | -20,226 | -21,426 | -- |
| Operating Gains Losses | -- | 344.00 | 11,310 | -- | -- |
| Proceeds From Stock Option Exercised | -- | 0.00 | 6,000 | 114,750 | 3.1M |
| Provisionand Write Offof Assets | -- | -- | 0.00 | -124,209 | 797,850 |
| Purchase Of Intangibles | -1,435 | -36,341 | -28,387 | 0.00 | -- |
| Sale Of PPE | 0.00 | 119,526 | 0.00 | -- | -- |