Black Spruce Exploration Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Total Revenue | 0.00 | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Revenue | 0.00 | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost Of Revenue | 22,692 | -- | 22,694 | 22,692 | 22,692 | 22,692 |
| Gross Profit | -22,692 | -- | -22,694 | -22,692 | -22,692 | -22,692 |
| Selling General And Administration | 294,312 | -- | 85,312 | 114,749 | 21,686 | 49,511 |
| General And Administrative Expense | 294,312 | -- | 85,312 | 114,749 | 21,686 | 49,511 |
| Other Operating Expenses | 1,548 | -- | 4,529 | 5,854 | 560.00 | 3,590 |
| Operating Expense | 295,860 | -- | 89,841 | 120,603 | 22,246 | 53,101 |
| Operating Income | -318,552 | -- | -112,535 | -143,295 | -44,938 | -75,793 |
| EBIT | -282,374 | -- | -1.9M | -106,834 | -9,955 | 190,156 |
| Interest Expense | 31,848 | -- | 29,139 | 15,961 | 16,574 | 17,164 |
| Interest Expense Non Operating | 31,848 | -- | 29,139 | 15,961 | 16,574 | 17,164 |
| Interest Income | 0.00 | -- | 2.00 | 0.00 | 13.00 | 447.00 |
| Interest Income Non Operating | 0.00 | -- | 2.00 | 0.00 | 13.00 | 447.00 |
| Net Interest Income | -31,848 | -- | -29,137 | -15,961 | -16,561 | -16,717 |
| Other Income Expense | 36,178 | -- | -1.8M | 36,461 | 34,970 | 265,502 |
| Other Non Operating Income Expenses | 36,178 | -- | 27,728 | 36,461 | 34,970 | 1.9M |
| Special Income Charges | -- | -- | -1.8M | -- | -- | -1.6M |
| Gain On Sale Of Security | -- | -- | -- | -- | -- | 0.00 |
| Pretax Income | -314,222 | -- | -1.9M | -122,795 | -26,529 | 172,992 |
| Tax Effect Of Unusual Items | 0.00 | -- | 0.00 | 0.00 | 0.00 | -242,832 |
| Net Income From Continuing And Discontinued Operation | -314,222 | -- | -1.9M | -122,795 | -26,529 | 172,992 |
| Net Income From Continuing Operation Net Minority Interest | -314,222 | -- | -1.9M | -122,795 | -26,529 | 172,992 |
| Net Income Including Noncontrolling Interests | -314,222 | -- | -1.9M | -122,795 | -26,529 | 172,992 |
| Net Income Common Stockholders | -314,222 | -- | -1.9M | -122,795 | -26,529 | 172,992 |
| Net Income | -314,222 | -- | -1.9M | -122,795 | -26,529 | 172,992 |
| EBITDA | -259,682 | -- | -1.8M | -84,142 | 12,737 | 212,848 |
| Normalized EBITDA | -259,682 | -- | -62,111 | -84,142 | 12,737 | 1.8M |
| Reconciled Depreciation | 22,692 | -- | 22,694 | 22,692 | 22,692 | 22,692 |
| Basic EPS | 0.00 | -- | -0.06 | 0.00 | 0.00 | -- |
| Diluted EPS | 0.00 | -- | -0.06 | 0.00 | 0.00 | -- |
| Basic Average Shares | 27.6M | -- | 27.6M | 27.6M | 27.1M | -- |
| Diluted Average Shares | 27.6M | -- | 27.6M | 27.6M | 27.1M | -- |
| Total Unusual Items | -- | -- | -1.8M | -- | -- | -1.6M |
| Total Unusual Items Excluding Goodwill | -- | -- | -1.8M | -- | -- | -1.6M |
| Tax Rate For Calcs | 0.00 | -- | 0.00 | 0.00 | 0.00 | 0.15 |
| Normalized Income | -314,222 | -- | -113,944 | -122,795 | -26,529 | 1.5M |
| Diluted NI Availto Com Stockholders | -314,222 | -- | -1.9M | -122,795 | -26,529 | 172,992 |
| Impairment Of Capital Assets | -- | -- | 1.8M | -- | -- | 1.7M |
| Net Income Continuous Operations | -314,222 | -- | -1.9M | -122,795 | -26,529 | 172,992 |
| Net Non Operating Interest Income Expense | -31,848 | -- | -29,137 | -15,961 | -16,561 | -16,717 |
| Other Gand A | 219,312 | -- | 85,312 | 114,749 | 80,058 | 173,041 |
| Reconciled Cost Of Revenue | 22,692 | -- | 22,694 | 22,692 | 22,692 | 22,692 |
| Salaries And Wages | 75,000 | -- | 0.00 | 0.00 | -58,372 | -113,119 |
| Total Expenses | 318,552 | -- | 112,535 | 143,295 | 44,938 | 75,793 |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 18,313 | -- | 8,473 | 18,903 | 38,331 | 239,902 |
| Cash Cash Equivalents And Short Term Investments | 18,313 | -- | 8,473 | 18,903 | 38,331 | 239,902 |
| Cash Financial | 18,313 | -- | 8,473 | 18,903 | 38,331 | 239,902 |
| Accounts Receivable | 91,355 | -- | 79,028 | 75,894 | 52,509 | 44,629 |
| Receivables | 91,355 | -- | 79,028 | 75,894 | 52,509 | 44,629 |
| Prepaid Assets | 21,398 | -- | 30,278 | 35,570 | 51,940 | 39,836 |
| Current Assets | 131,066 | -- | 117,779 | 130,367 | 142,780 | 324,367 |
| Gross PPE | 453,857 | -- | 10.6M | 12.4M | 12.4M | 12.4M |
| Accumulated Depreciation | -151,282 | -- | -105,898 | -83,204 | -60,512 | -37,820 |
| Net PPE | 302,575 | -- | 10.5M | 12.3M | 12.3M | 12.4M |
| Total Non Current Assets | 356,837 | -- | 10.6M | 12.4M | 12.4M | 12.5M |
| Total Assets | 487,903 | -- | 10.7M | 12.5M | 12.6M | 12.8M |
| Current Debt | 986,344 | -- | 948,292 | -- | -- | -- |
| Current Debt And Capital Lease Obligation | 1.1M | -- | 1.0M | 71,986 | 68,602 | 65,350 |
| Payables And Accrued Expenses | 1.8M | -- | 1.5M | 2.4M | 2.3M | 2.5M |
| Current Liabilities | 2.9M | -- | 2.5M | 2.5M | 2.3M | 2.6M |
| Long Term Debt And Capital Lease Obligation | 263,418 | -- | 306,940 | 327,049 | 346,184 | 364,574 |
| Long Term Capital Lease Obligation | 263,418 | -- | 306,940 | 327,049 | 346,184 | 364,574 |
| Total Non Current Liabilities Net Minority Interest | 263,418 | -- | 306,940 | 327,049 | 346,184 | 364,574 |
| Total Liabilities Net Minority Interest | 3.1M | -- | 2.8M | 2.8M | 2.7M | 2.9M |
| Common Stock | 17.5M | -- | 17.5M | 17.5M | 17.5M | 17.4M |
| Capital Stock | 17.5M | -- | 17.5M | 17.5M | 17.5M | 17.4M |
| Retained Earnings | -22.5M | -- | -12.0M | -10.1M | -10.0M | -9.9M |
| Common Stock Equity | -2.6M | -- | 7.9M | 9.7M | 9.9M | 9.8M |
| Stockholders Equity | -2.6M | -- | 7.9M | 9.7M | 9.9M | 9.8M |
| Total Equity Gross Minority Interest | -2.6M | -- | 7.9M | 9.7M | 9.9M | 9.8M |
| Total Capitalization | -2.6M | -- | 7.9M | 9.7M | 9.9M | 9.8M |
| Net Tangible Assets | -2.6M | -- | 7.9M | 9.7M | 9.9M | 9.8M |
| Tangible Book Value | -2.6M | -- | 7.9M | 9.7M | 9.9M | 9.8M |
| Working Capital | -2.7M | -- | -2.4M | -2.3M | -2.2M | -2.3M |
| Invested Capital | -1.7M | -- | 8.8M | 9.7M | 9.9M | 9.8M |
| Total Debt | 1.3M | -- | 1.3M | 399,035 | 414,786 | 429,924 |
| Net Debt | 968,031 | -- | 939,819 | -- | -- | -- |
| Share Issued | 27.6M | 27.6M | 27.6M | 27.6M | 27.6M | -- |
| Ordinary Shares Number | 27.6M | 27.6M | 27.6M | 27.6M | 27.6M | -- |
| Buildings And Improvements | 453,854 | -- | 453,854 | 453,854 | 453,854 | 453,854 |
| Capital Lease Obligations | 346,184 | -- | 382,246 | 399,035 | 414,786 | 429,924 |
| Current Capital Lease Obligation | 82,766 | -- | 75,306 | 71,986 | 68,602 | 65,350 |
| Non Current Deferred Assets | -- | -- | -- | -- | -- | 0.00 |
| Non Current Prepaid Assets | 54,262 | -- | 54,262 | 86,817 | 86,817 | 86,817 |
| Other Current Borrowings | 986,344 | -- | 948,292 | -- | -- | -- |
| Other Equity Interest | 2.4M | -- | 2.4M | 2.4M | 2.4M | 2.4M |
| Other Properties | 3.00 | -- | 10.2M | 11.9M | 11.9M | 12.0M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 10,199 | -- | -931,383 | 12,284 | -149,984 | -200,051 |
| Cash Flow From Continuing Operating Activities | 10,199 | -- | -931,383 | 12,284 | -149,984 | -200,051 |
| Depreciation And Amortization | 22,692 | -- | 22,694 | 22,692 | 22,692 | 22,692 |
| Depreciation Amortization Depletion | 22,692 | -- | 22,694 | 22,692 | 22,692 | 22,692 |
| Stock Based Compensation | -- | -- | 0.00 | 0.00 | 0.00 | -150,619 |
| Change In Working Capital | 269,881 | -- | -869,272 | 96,426 | -162,721 | -1.6M |
| Change In Receivables | -7,083 | -- | -3,134 | -23,385 | -7,880 | 83,298 |
| Change In Payables And Accrued Expense | 255,067 | -- | -871,430 | 103,441 | -142,737 | -1.8M |
| Other Non Cash Items | 31,848 | -- | 29,139 | 15,961 | 16,574 | -275,602 |
| Sale Of Business | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Investing Cash Flow | 0.00 | -- | 18,589 | 0.00 | -19,875 | 375,073 |
| Cash Flow From Continuing Investing Activities | 0.00 | -- | 18,589 | 0.00 | -19,875 | 375,073 |
| Issuance Of Debt | -- | -- | -- | -- | -- | 0.00 |
| Repayment Of Debt | -32,299 | -- | -32,103 | -31,712 | -31,712 | -31,712 |
| Net Issuance Payments Of Debt | -32,299 | -- | 902,364 | -31,712 | -31,712 | -31,712 |
| Issuance Of Capital Stock | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Common Stock Issuance | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -32,299 | -- | 902,364 | -31,712 | -31,712 | 47,215 |
| Cash Flow From Continuing Financing Activities | -32,299 | -- | 902,364 | -31,712 | -31,712 | 47,215 |
| Changes In Cash | -22,100 | -- | -10,430 | -19,428 | -201,571 | 222,237 |
| Beginning Cash Position | 40,413 | -- | 18,903 | 38,331 | 239,902 | 17,665 |
| End Cash Position | 18,313 | -- | 8,473 | 18,903 | 38,331 | 239,902 |
| Free Cash Flow | 10,199 | -- | -931,383 | 12,284 | -149,984 | -2.3M |
| Income Tax Paid Supplemental Data | 0.00 | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Paid Supplemental Data | 14,151 | -- | 15,535 | 16,168 | 16,773 | -5,910 |
| Asset Impairment Charge | -- | -- | -- | -- | -- | 1.7M |
| Change In Prepaid Assets | 21,897 | -- | 5,292 | 16,370 | -12,104 | 121,250 |
| Common Stock Issuance | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 22,692 | -- | 22,694 | 22,692 | 22,692 | 22,692 |
| Long Term Debt Payments | -32,299 | -- | -32,103 | -31,712 | -31,712 | -121,712 |
| Net Business Purchase And Sale | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing Operations | -314,222 | -- | -1.9M | -122,795 | -26,529 | 172,992 |
| Net Long Term Debt Issuance | -32,299 | -- | -32,103 | -31,712 | -31,712 | -121,712 |
| Net Other Financing Charges | -- | -- | -- | -- | -- | 78,927 |
| Net Other Investing Changes | -- | -- | 18,589 | 0.00 | -19,875 | 2.2M |
| Net Short Term Debt Issuance | -- | -- | -- | -- | 0.00 | -- |
| Short Term Debt Payments | -- | -- | -- | -- | 0.00 | -- |