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Bayhorse Silver Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
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 -- 273,341 278,942 280,854
Gross Profit -- -273,341 -278,942 -280,854
Selling General And Administration 738,647 372,531 1.1M 2.4M
General And Administrative Expense 738,647 372,531 1.1M 2.4M
Other Operating Expenses 2.4M 925,626 758,756 1.8M
Operating Expense 3.2M 1.3M 1.9M 4.2M
Operating Income -3.2M -1.3M -2.1M -4.4M
EBIT -3.2M -1.3M -2.1M -5.9M
Interest Expense -- -- 0.00 54,400
Interest Expense Non Operating -- -- 0.00 54,400
Net Interest Income -1.2M -402,009 -519,838 -1.7M
Other Income Expense 403,193 -324,877 -401,546 192,786
Other Non Operating Income Expenses 530,225 -309,464 -120,632 223,799
Special Income Charges -23,681 -7,038 -219,496 -23,923
Restructuring And Mergern Acquisition -- 108,512 142,782 31,500
Write Off 44,000 7,038 0.00 --
Gain On Sale Of Security -103,351 -8,375 -61,418 -7,090
Pretax Income -4.0M -2.0M -3.1M -5.9M
Tax Provision -- 0.00 -27,666 -96,566
Tax Effect Of Unusual Items 0.00 0.00 -2,546 -503.48
Net Income From Continuing And Discontinued Operation -4.0M -2.0M -3.0M -5.9M
Net Income From Continuing Operation Net Minority Interest -4.0M -2.0M -3.0M -5.9M
Net Income Including Noncontrolling Interests -4.0M -2.0M -3.0M -5.9M
Net Income Common Stockholders -4.0M -2.0M -3.0M -5.9M
Net Income -4.0M -2.0M -3.0M -5.9M
EBITDA -2.9M -1.0M -1.9M -5.6M
Normalized EBITDA -2.8M -1.0M -1.6M -5.6M
Reconciled Depreciation 274,674 273,341 278,942 280,854
Basic EPS -0.01 -0.01 -0.01 -0.03
Diluted EPS -0.01 -0.01 -0.01 -0.03
Basic Average Shares 282.6M 251.6M 224.8M 180.7M
Diluted Average Shares 282.6M 251.6M 224.8M 180.7M
Total Unusual Items -127,032 -15,413 -280,914 -31,013
Total Unusual Items Excluding Goodwill -127,032 -15,413 -280,914 -31,013
Tax Rate For Calcs 0.00 0.00 0.01 0.02
Normalized Income -3.9M -2.0M -2.7M -5.8M
Diluted NI Availto Com Stockholders -4.0M -2.0M -3.0M -5.9M
Insurance And Claims 24,059 53,437 93,518 63,537
Net Income Continuous Operations -4.0M -2.0M -3.0M -5.9M
Net Non Operating Interest Income Expense -1.2M -402,009 -519,838 -1.7M
Other Gand A 334,979 268,760 362,368 438,673
Other Special Charges -20,319 28,164 76,714 -7,577
Other Taxes -- -- 118,150 0.00
Reconciled Cost Of Revenue -- 273,341 278,942 280,854
Rent And Landing Fees 12,000 12,000 36,000 36,000
Rent Expense Supplemental 12,000 12,000 36,000 36,000
Salaries And Wages 367,609 38,334 601,636 1.9M
Selling And Marketing Expense -- -- 0.00 1,685
Total Expenses 3.2M 1.3M 2.1M 4.4M
Total Operating Income As Reported -4.5M -1.7M -2.9M -6.2M
Total Other Finance Cost 1.2M 402,009 519,838 1.6M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 568,130 482,566 310,442 432,062
Cash Cash Equivalents And Short Term Investments 568,130 482,566 310,442 432,062
Cash Financial 568,130 482,566 310,442 432,062
Accounts Receivable 115,828 50,184 4,377 --
Receivables 115,828 94,184 4,377 152,045
Prepaid Assets 686,903 501,164 494,702 560,882
Current Assets 1.4M 1.1M 809,521 1.1M
Gross PPE 3.1M 3.1M 3.1M 3.0M
Accumulated Depreciation -1.9M -1.6M -1.4M -1.1M
Net PPE 1.2M 1.4M 1.7M 1.9M
Other Non Current Assets 11,700 11,700 11,700 11,700
Total Non Current Assets 1.2M 1.4M 1.7M 1.9M
Total Assets 2.6M 2.5M 2.5M 3.1M
Current Debt 438,865 443,071 453,724 836,748
Current Debt And Capital Lease Obligation 438,865 443,071 453,724 836,748
Accounts Payable 1.2M 493,232 190,722 178,914
Payables 1.3M 625,993 308,872 178,914
Payables And Accrued Expenses 2.0M 1.0M 663,198 462,859
Current Accrued Expenses 703,250 388,409 354,326 283,945
Current Deferred Revenue 22,967 17,437 25,574 23,092
Other Current Liabilities -- -- 114,268 141,934
Current Liabilities 2.5M 1.5M 1.3M 1.5M
Total Non Current Liabilities Net Minority Interest 546,356 546,356 0.00 0.00
Total Liabilities Net Minority Interest 3.0M 2.0M 1.3M 1.5M
Common Stock 30.6M 29.5M 29.1M 27.4M
Capital Stock 30.6M 29.5M 29.1M 27.4M
Retained Earnings -45.5M -41.5M -39.4M -36.4M
Gains Losses Not Affecting Retained Earnings 14.4M 12.4M 11.6M 10.7M
Common Stock Equity -469,325 495,131 1.3M 1.6M
Stockholders Equity -469,325 495,131 1.3M 1.6M
Total Equity Gross Minority Interest -469,325 495,131 1.3M 1.6M
Total Capitalization -469,325 495,131 1.3M 1.6M
Net Tangible Assets -469,325 495,131 1.3M 1.6M
Tangible Book Value -469,325 495,131 1.3M 1.6M
Working Capital -1.1M -396,996 -447,243 -319,644
Invested Capital -30,460 938,202 1.7M 2.4M
Total Debt 438,865 443,071 453,724 836,748
Net Debt -- -- 143,282 404,686
Share Issued 305.3M 268.9M 247.9M 206.5M
Ordinary Shares Number 305.3M 268.9M 247.9M 206.5M
Buildings And Improvements 200,153 200,153 200,153 200,153
Capital Lease Obligations -- -- -- 0.00
Current Capital Lease Obligation -- -- -- 0.00
Current Deferred Liabilities 22,967 17,437 25,574 23,092
Land And Improvements 114,954 114,954 114,954 114,954
Long Term Provisions 546,356 546,356 -- --
Machinery Furniture Equipment 13,036 13,036 13,036 13,036
Non Current Deferred Liabilities 546,356 546,356 0.00 --
Non Current Deferred Taxes Liabilities 546,356 546,356 0.00 --
Other Current Borrowings 438,865 443,071 453,724 836,748
Other Equity Interest -- 75,000 -- --
Other Properties 2.5M 2.5M 2.5M 2.4M
Other Receivables -- 44,000 -- 145,500
Taxes Receivable -- -- 4,377 6,545
Total Tax Payable 133,330 132,761 118,150 0.00
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow -1.3M -633,212 -1.9M -3.8M
Cash Flow From Continuing Operating Activities -1.3M -633,212 -1.9M -3.8M
Depreciation And Amortization 274,674 273,341 278,942 280,854
Depreciation Amortization Depletion 274,674 273,341 278,942 280,854
Stock Based Compensation 367,609 38,334 0.00 964,123
Deferred Tax -- 0.00 -27,666 -89,780
Deferred Income Tax -- 0.00 -27,666 -89,780
Change In Working Capital 815,963 279,191 299,323 -466,927
Changes In Account Receivables -65,644 -45,807 2,168 7,358
Change In Receivables -65,644 -45,807 2,168 7,358
Change In Payables And Accrued Expense 1.1M 338,498 230,975 -265,598
Other Non Cash Items 1.1M 806,334 437,663 1.3M
Capital Expenditure -22,612 -- -71,203 -678,967
Purchase Of PPE -22,612 0.00 -71,203 -678,967
Net PPE Purchase And Sale -22,612 0.00 -71,203 -678,967
Investing Cash Flow 18,482 6,812 -71,203 -690,667
Cash Flow From Continuing Investing Activities 18,482 6,812 -71,203 -690,667
Repayment Of Debt -41,089 0.00 -65,100 -1.2M
Net Issuance Payments Of Debt -41,089 0.00 -65,100 -1.2M
Issuance Of Capital Stock 1.2M 829,375 2.0M 4.2M
Net Common Stock Issuance 1.2M 829,375 2.0M 4.2M
Financing Cash Flow 1.3M 798,524 1.9M 4.9M
Cash Flow From Continuing Financing Activities 1.3M 798,524 1.9M 4.9M
Changes In Cash 85,564 172,124 -121,620 405,688
Beginning Cash Position 482,566 310,442 432,062 26,374
End Cash Position 568,130 482,566 310,442 432,062
Free Cash Flow -1.3M -633,212 -2.0M -4.5M
Asset Impairment Charge 44,000 7,038 0.00 --
Change In Prepaid Assets -185,739 -13,500 66,180 -208,687
Common Stock Issuance 1.2M 829,375 2.0M 4.2M
Depreciation 274,674 273,341 278,942 280,854
Long Term Debt Payments -- 0.00 -65,100 -1.2M
Net Foreign Currency Exchange Gain Loss 99,993 -12,280 35,011 -1,482
Net Income From Continuing Operations -4.0M -2.0M -3.0M -5.9M
Net Long Term Debt Issuance -- 0.00 -65,100 -1.2M
Net Other Financing Charges -36,293 -30,851 -19,608 -121,914
Net Other Investing Changes 41,094 6,812 -- -11,700
Net Short Term Debt Issuance -41,089 0.00 -- --
Operating Gains Losses 133,240 -12,407 114,207 -13,168
Proceeds From Stock Option Exercised 240,000 0.00 0.00 2.0M
Short Term Debt Payments -41,089 0.00 -- --
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