Silver Mountain Resources Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Revenue | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost Of Revenue | 5,569 | 10,073 | 225,885 | 184,489 |
| Gross Profit | -5,569 | -10,073 | -225,885 | -184,489 |
| Selling General And Administration | 3.0M | 3.8M | 5.0M | 1.2M |
| General And Administrative Expense | 3.0M | 3.4M | 4.6M | 1.2M |
| Other Operating Expenses | 122,167 | 104,295 | 1.2M | 219,484 |
| Operating Expense | 3.1M | 3.9M | 6.2M | 1.4M |
| Operating Income | -3.1M | -3.9M | -6.4M | -1.6M |
| EBIT | -3.1M | -3.9M | -4.7M | -1.7M |
| Interest Expense | -- | 13,055 | 543,109 | 411,452 |
| Interest Expense Non Operating | -- | 13,055 | 543,109 | 411,452 |
| Interest Income | 20,792 | 1,566 | -- | -- |
| Interest Income Non Operating | 20,792 | 1,566 | -- | -- |
| Net Interest Income | 12,857 | -13,055 | -543,109 | -411,452 |
| Other Income Expense | 1.0M | 1.3M | 1.7M | -120,450 |
| Other Non Operating Income Expenses | 12,250 | -- | -- | -- |
| Special Income Charges | -- | 0.00 | 4,452 | 0.00 |
| Gain On Sale Of Security | 1.0M | 1.3M | 1.7M | -120,450 |
| Pretax Income | -2.1M | -2.6M | -5.3M | -2.1M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -2.1M | -2.6M | -5.3M | -2.1M |
| Net Income From Continuing Operation Net Minority Interest | -2.1M | -2.6M | -5.3M | -2.1M |
| Net Income Including Noncontrolling Interests | -2.1M | -2.6M | -5.3M | -2.1M |
| Net Income Common Stockholders | -2.1M | -2.6M | -5.3M | -2.1M |
| Net Income | -2.1M | -2.6M | -5.3M | -2.1M |
| EBITDA | -3.1M | -3.9M | -4.5M | -1.5M |
| Normalized EBITDA | -4.2M | -5.2M | -6.2M | -1.4M |
| Reconciled Depreciation | 5,569 | 10,073 | 225,885 | 184,489 |
| Basic EPS | -0.08 | -0.16 | -0.45 | -0.17 |
| Diluted EPS | -0.08 | -0.16 | -0.45 | -0.17 |
| Basic Average Shares | 25.2M | 16.5M | 14.8M | 12.4M |
| Diluted Average Shares | 25.2M | 16.5M | 14.8M | 12.4M |
| Total Unusual Items | 1.0M | 1.3M | 1.7M | -120,450 |
| Total Unusual Items Excluding Goodwill | 1.0M | 1.3M | 1.7M | -120,450 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -3.1M | -3.9M | -6.9M | -2.0M |
| Diluted NI Availto Com Stockholders | -2.1M | -2.6M | -5.3M | -2.1M |
| Gain On Sale Of Ppe | -- | 0.00 | 4,452 | -- |
| Insurance And Claims | 86,828 | 159,645 | 250,924 | 113,059 |
| Net Income Continuous Operations | -2.1M | -2.6M | -5.3M | -2.1M |
| Net Non Operating Interest Income Expense | 12,857 | -13,055 | -543,109 | -411,452 |
| Other Gand A | 1.3M | 1.6M | 2.3M | 613,403 |
| Reconciled Cost Of Revenue | 5,569 | 10,073 | 225,885 | 184,489 |
| Rent And Landing Fees | -- | -- | -- | 20,206 |
| Rent Expense Supplemental | -- | -- | -- | 20,206 |
| Salaries And Wages | 1.6M | 1.6M | 2.1M | 460,617 |
| Selling And Marketing Expense | 31,038 | 371,290 | 379,401 | -- |
| Total Expenses | 3.1M | 3.9M | 6.4M | 1.6M |
| Total Other Finance Cost | 7,935 | 14,621 | -- | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 4.3M | 4.7M | 8.8M | 7.0M |
| Cash Cash Equivalents And Short Term Investments | 4.3M | 4.7M | 8.8M | 7.0M |
| Cash Financial | -- | -- | -- | 7.0M |
| Accounts Receivable | 84,437 | 66,030 | 79,760 | 40,054 |
| Receivables | 84,437 | 66,030 | 79,760 | 40,054 |
| Prepaid Assets | 135,592 | 292,285 | 625,362 | -- |
| Current Assets | 4.8M | 5.3M | 9.7M | 7.4M |
| Gross PPE | 28.8M | 25.5M | 16.8M | 9.3M |
| Accumulated Depreciation | -1.0M | -935,367 | -789,828 | -577,134 |
| Net PPE | 27.8M | 24.6M | 16.0M | 8.8M |
| Total Non Current Assets | 31.7M | 28.1M | 18.0M | 9.5M |
| Total Assets | 36.4M | 33.4M | 27.8M | 16.9M |
| Current Debt | -- | -- | -- | 1.3M |
| Current Debt And Capital Lease Obligation | -- | -- | -- | 1.3M |
| Accounts Payable | 524,125 | 910,973 | 1.6M | 154,800 |
| Payables | 807,337 | 1.0M | 1.7M | 183,594 |
| Payables And Accrued Expenses | 1.2M | 1.6M | 2.1M | 720,547 |
| Current Accrued Expenses | 353,048 | 556,820 | 467,959 | 536,953 |
| Other Current Liabilities | 1.6M | 921,686 | -- | -- |
| Current Liabilities | 2.7M | 2.5M | 2.1M | 2.0M |
| Long Term Debt | -- | -- | -- | 1.1M |
| Long Term Debt And Capital Lease Obligation | -- | -- | -- | 1.1M |
| Total Non Current Liabilities Net Minority Interest | 0.00 | 0.00 | 488,201 | 1.1M |
| Total Liabilities Net Minority Interest | 2.7M | 2.5M | 2.6M | 3.1M |
| Common Stock | 46.7M | 42.1M | 34.3M | 18.3M |
| Capital Stock | 46.7M | 42.1M | 34.3M | 18.3M |
| Additional Paid In Capital | 1.4M | 1.1M | 746,040 | 113,995 |
| Retained Earnings | -14.4M | -12.3M | -9.9M | -4.7M |
| Common Stock Equity | 33.7M | 30.9M | 25.1M | 13.8M |
| Stockholders Equity | 33.7M | 30.9M | 25.1M | 13.8M |
| Total Equity Gross Minority Interest | 33.7M | 30.9M | 25.1M | 13.8M |
| Total Capitalization | 33.7M | 30.9M | 25.1M | 14.9M |
| Net Tangible Assets | 33.7M | 30.9M | 25.1M | 13.8M |
| Tangible Book Value | 33.7M | 30.9M | 25.1M | 13.8M |
| Working Capital | 2.0M | 2.8M | 7.6M | 5.4M |
| Invested Capital | 33.7M | 30.9M | 25.1M | 14.9M |
| Total Debt | -- | -- | -- | 2.4M |
| Share Issued | 24.7M | 18.6M | 12.4M | 12.4M |
| Ordinary Shares Number | 24.7M | 18.6M | 12.4M | 12.4M |
| Buildings And Improvements | 151,544 | 151,544 | 151,544 | 151,544 |
| Current Deferred Assets | -- | -- | 0.00 | 393,370 |
| Derivative Product Liabilities | -- | 921,686 | 488,201 | -- |
| Land And Improvements | 36,041 | 36,041 | 36,041 | 36,041 |
| Machinery Furniture Equipment | 249,969 | 245,030 | 176,341 | 46,411 |
| Non Current Accounts Receivable | 3.9M | 3.5M | 2.0M | 713,791 |
| Non Current Prepaid Assets | -- | 0.00 | 51,597 | -- |
| Other Payable | 264,478 | 62,609 | 43,849 | 17,919 |
| Other Properties | -- | -- | -- | 28,305 |
| Restricted Cash | 263,438 | 267,206 | 241,597 | -- |
| Total Tax Payable | 18,734 | 39,929 | 26,702 | 10,875 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -3.0M | -4.6M | -8.8M | -1.4M |
| Cash Flow From Continuing Operating Activities | -3.0M | -4.6M | -8.8M | -1.4M |
| Depreciation And Amortization | 5,569 | 10,073 | 225,885 | 184,489 |
| Depreciation Amortization Depletion | 5,569 | 10,073 | 225,885 | 184,489 |
| Stock Based Compensation | 285,559 | 383,780 | 632,045 | 113,995 |
| Change In Working Capital | 75,164 | -1.2M | -2.3M | -55,212 |
| Change In Receivables | -442,075 | -1.5M | -1.3M | -121,760 |
| Change In Payables And Accrued Expense | 360,546 | -87,598 | -327,313 | 66,548 |
| Change In Payable | 360,546 | -87,598 | -327,313 | 66,548 |
| Other Non Cash Items | -6,009 | 8,325 | 526,663 | 535,063 |
| Capital Expenditure | -48,997 | -192,499 | -310,147 | -66,198 |
| Purchase Of PPE | -48,997 | -192,499 | -310,147 | -66,198 |
| Net PPE Purchase And Sale | -48,997 | -192,499 | -298,147 | -66,198 |
| Investing Cash Flow | -3.9M | -9.1M | -6.0M | -1.3M |
| Cash Flow From Continuing Investing Activities | -3.9M | -9.1M | -6.0M | -1.3M |
| Repayment Of Debt | -- | 0.00 | -2.9M | -572,586 |
| Net Issuance Payments Of Debt | -- | 0.00 | -2.9M | -572,586 |
| Issuance Of Capital Stock | 6.5M | 9.6M | 19.5M | -- |
| Net Common Stock Issuance | 6.5M | 9.6M | 19.5M | -- |
| Financing Cash Flow | 6.5M | 9.6M | 16.6M | 9.5M |
| Cash Flow From Continuing Financing Activities | 6.5M | 9.6M | 16.6M | 9.5M |
| Changes In Cash | -390,777 | -4.1M | 1.8M | 6.8M |
| Beginning Cash Position | 4.7M | 8.8M | 7.0M | 203,610 |
| End Cash Position | 4.3M | 4.7M | 8.8M | 7.0M |
| Free Cash Flow | -3.1M | -4.8M | -9.1M | -1.4M |
| Change In Prepaid Assets | 156,693 | 384,674 | -676,959 | -- |
| Common Stock Issuance | 6.5M | 9.6M | 19.5M | -- |
| Depreciation | 5,569 | 10,073 | 225,885 | 184,489 |
| Gain Loss On Investment Securities | -1.1M | -1.2M | -2.6M | -- |
| Gain Loss On Sale Of PPE | -- | 0.00 | -4,452 | -- |
| Long Term Debt Payments | -- | 0.00 | -2.9M | -572,586 |
| Net Foreign Currency Exchange Gain Loss | -134,198 | -4,521 | -71,092 | -- |
| Net Income From Continuing Operations | -2.1M | -2.6M | -5.3M | -2.1M |
| Net Long Term Debt Issuance | -- | 0.00 | -2.9M | -572,586 |
| Net Other Financing Charges | -- | -- | -- | 10.0M |
| Net Other Investing Changes | -3.8M | -8.9M | -5.7M | -1.2M |
| Operating Gains Losses | -1.3M | -1.2M | -2.6M | -- |
| Sale Of PPE | -- | 0.00 | 12,000 | -- |