Clear Blue Technologies International 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 | 2.8M | 5.4M | 2.6M | 8.1M |
| Operating Revenue | 2.8M | 5.4M | 2.6M | 8.1M |
| Cost Of Revenue | 1.4M | 2.9M | 1.6M | 5.9M |
| Gross Profit | 1.3M | 2.5M | 988,524 | 2.3M |
| Selling General And Administration | 3.7M | 4.4M | 4.4M | 4.7M |
| General And Administrative Expense | 3.4M | 4.1M | 4.0M | 4.2M |
| Research And Development | 434,336 | 342,531 | 199,603 | 23,815 |
| Depreciation And Amortization In Income Statement | 849,193 | 556,760 | 504,470 | 146,504 |
| Other Operating Expenses | -157,481 | -342,121 | -612,879 | 81,279 |
| Operating Expense | 4.9M | 5.0M | 4.5M | 4.9M |
| Operating Income | -3.5M | -2.5M | -3.5M | -2.7M |
| EBIT | -8.9M | -1.9M | -4.3M | -2.9M |
| Interest Expense | 2.3M | 2.0M | 1.5M | 730,945 |
| Interest Expense Non Operating | 2.3M | 2.0M | 1.5M | 730,945 |
| Interest Income | 121,728 | 17,413 | 19,612 | 23,303 |
| Interest Income Non Operating | 121,728 | 17,413 | 19,612 | 23,303 |
| Net Interest Income | -2.2M | -2.0M | -1.5M | -710,235 |
| Other Income Expense | -5.5M | 610,779 | -755,017 | -269,020 |
| Other Non Operating Income Expenses | 31,448 | 139,911 | -- | -- |
| Special Income Charges | -5.3M | 384,802 | -705,395 | -209,901 |
| Restructuring And Mergern Acquisition | 0.00 | -547,176 | 70,240 | 0.00 |
| Write Off | 200,878 | 282,500 | 679,120 | 209,901 |
| Gain On Sale Of Security | -248,024 | 86,066 | -49,622 | -59,119 |
| Pretax Income | -11.2M | -3.9M | -5.7M | -3.7M |
| Tax Provision | -153,314 | 0.00 | 0.00 | -255,459 |
| Tax Effect Of Unusual Items | -75,700 | 0.00 | 0.00 | -18,742 |
| Net Income From Continuing And Discontinued Operation | -11.0M | -3.9M | -5.7M | -3.4M |
| Net Income From Continuing Operation Net Minority Interest | -11.0M | -3.9M | -5.7M | -3.4M |
| Net Income Including Noncontrolling Interests | -11.0M | -3.9M | -5.7M | -3.4M |
| Net Income Common Stockholders | -11.0M | -3.9M | -5.7M | -3.4M |
| Net Income | -11.0M | -3.9M | -5.7M | -3.4M |
| EBITDA | -8.0M | -1.3M | -3.8M | -2.8M |
| Normalized EBITDA | -2.5M | -1.8M | -3.0M | -2.5M |
| Reconciled Depreciation | 849,193 | 556,760 | 504,470 | 146,504 |
| Basic EPS | -0.53 | -0.20 | -0.25 | -0.30 |
| Diluted EPS | -0.53 | -0.20 | -0.25 | -0.30 |
| Basic Average Shares | 20.7M | 19.7M | 23.1M | 10.7M |
| Diluted Average Shares | 20.7M | 19.7M | 23.1M | 10.7M |
| Total Unusual Items | -5.5M | 470,868 | -755,017 | -269,020 |
| Total Unusual Items Excluding Goodwill | -5.5M | 470,868 | -755,017 | -269,020 |
| Tax Rate For Calcs | 0.01 | 0.00 | 0.00 | 0.07 |
| Normalized Income | -5.6M | -4.4M | -5.0M | -3.2M |
| Amortization | 722,282 | 423,902 | 355,713 | 0.00 |
| Amortization Of Intangibles Income Statement | 722,282 | 423,902 | 355,713 | 0.00 |
| Depreciation Amortization Depletion Income Statement | 849,193 | 556,760 | 504,470 | 146,504 |
| Depreciation Income Statement | 126,911 | 132,858 | 148,757 | 146,504 |
| Diluted NI Availto Com Stockholders | -11.0M | -3.9M | -5.7M | -3.4M |
| Gain On Sale Of Ppe | 0.00 | 96.00 | 0.00 | -- |
| Impairment Of Capital Assets | 4.3M | 0.00 | -- | -- |
| Net Income Continuous Operations | -11.0M | -3.9M | -5.7M | -3.4M |
| Net Non Operating Interest Income Expense | -2.2M | -2.0M | -1.5M | -710,235 |
| Other Gand A | 2.0M | 1.9M | 1.6M | 1.5M |
| Other Special Charges | 746,852 | -120,030 | -43,965 | -- |
| Reconciled Cost Of Revenue | 1.4M | 2.9M | 1.6M | 5.9M |
| Rent And Landing Fees | 145,682 | 143,299 | 156,649 | 181,017 |
| Rent Expense Supplemental | 145,682 | 143,299 | 156,649 | 181,017 |
| Salaries And Wages | 1.2M | 2.1M | 2.3M | 2.5M |
| Selling And Marketing Expense | 321,618 | 348,580 | 441,735 | 505,733 |
| Total Expenses | 6.3M | 7.9M | 6.2M | 10.8M |
| Total Other Finance Cost | -- | -- | 432.00 | 2,593 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 339,905 | 534,451 | 853,330 | 2.1M |
| Cash Cash Equivalents And Short Term Investments | 339,905 | 534,451 | 853,330 | 2.1M |
| Cash Financial | 339,905 | 534,451 | 853,330 | 2.1M |
| Accounts Receivable | 447,994 | 1.4M | 355,123 | 1.5M |
| Receivables | 1.8M | 2.0M | 1.1M | 1.9M |
| Inventory | 3.1M | 3.5M | 3.1M | 3.3M |
| Prepaid Assets | 236,880 | 105,880 | 170,790 | 301,700 |
| Current Assets | 5.6M | 6.2M | 5.4M | 7.8M |
| Gross PPE | 583,620 | 581,761 | 880,750 | 570,874 |
| Accumulated Depreciation | -478,408 | -351,497 | -559,289 | -418,406 |
| Net PPE | 105,212 | 230,264 | 321,461 | 152,468 |
| Goodwill And Other Intangible Assets | 0.00 | 5.2M | 4.9M | 2.9M |
| Total Non Current Assets | 178,403 | 5.8M | 5.5M | 3.4M |
| Total Assets | 5.8M | 12.0M | 10.9M | 11.2M |
| Current Debt | 1.3M | 1.7M | 1.4M | 2.0M |
| Current Debt And Capital Lease Obligation | 1.4M | 1.8M | 1.5M | 2.0M |
| Accounts Payable | 2.2M | 3.1M | 2.0M | 1.8M |
| Payables | 2.2M | 3.1M | 2.0M | 1.8M |
| Payables And Accrued Expenses | 2.2M | 3.1M | 2.0M | 1.8M |
| Current Deferred Revenue | 1.1M | 363,824 | 1.0M | 513,324 |
| Current Liabilities | 4.7M | 5.3M | 4.5M | 4.3M |
| Long Term Debt | 5.3M | 9.3M | 8.3M | 6.2M |
| Long Term Debt And Capital Lease Obligation | 5.3M | 9.4M | 8.5M | 6.2M |
| Long Term Capital Lease Obligation | 0.00 | 73,276 | 176,654 | 0.00 |
| Other Non Current Liabilities | -- | 375,000 | 375,000 | 375,000 |
| Total Non Current Liabilities Net Minority Interest | 5.6M | 11.3M | 9.2M | 7.0M |
| Total Liabilities Net Minority Interest | 10.3M | 16.6M | 13.6M | 11.4M |
| Common Stock | 31.2M | 24.4M | 22.8M | 20.6M |
| Capital Stock | 31.2M | 24.4M | 22.8M | 20.6M |
| Retained Earnings | -48.1M | -37.2M | -33.6M | -27.8M |
| Gains Losses Not Affecting Retained Earnings | 12.3M | 7.4M | 7.0M | 6.1M |
| Common Stock Equity | -4.5M | -4.5M | -2.8M | -215,241 |
| Stockholders Equity | -4.5M | -4.5M | -2.8M | -215,241 |
| Total Equity Gross Minority Interest | -4.5M | -4.5M | -2.8M | -215,241 |
| Total Capitalization | 835,876 | 4.7M | 5.6M | 6.0M |
| Net Tangible Assets | -4.5M | -9.8M | -7.7M | -3.1M |
| Tangible Book Value | -4.5M | -9.8M | -7.7M | -3.1M |
| Working Capital | 928,283 | 965,534 | 919,045 | 3.4M |
| Invested Capital | 2.1M | 6.5M | 6.9M | 8.0M |
| Total Debt | 6.7M | 11.2M | 10.0M | 8.3M |
| Net Debt | 6.3M | 10.5M | 8.9M | 6.1M |
| Share Issued | 77.3M | 20.7M | 16.0M | 11.2M |
| Ordinary Shares Number | 77.2M | 20.7M | 16.0M | 11.2M |
| Capital Lease Obligations | 64,132 | 168,917 | 260,911 | 62,004 |
| Current Capital Lease Obligation | 64,132 | 95,641 | 84,257 | 62,004 |
| Current Deferred Assets | 139,644 | 92,815 | 148,592 | 154,844 |
| Current Deferred Liabilities | 1.1M | 363,824 | 1.0M | 513,324 |
| Dueto Related Parties Non Current | 0.00 | 1.2M | 0.00 | -- |
| Finished Goods | 1.5M | 2.3M | 1.9M | 1.2M |
| Leases | 66,006 | 64,916 | 51,275 | 51,275 |
| Line Of Credit | 750,000 | 1.0M | 750,000 | 924,227 |
| Loans Receivable | 0.00 | 284,561 | 539,893 | 84,544 |
| Machinery Furniture Equipment | 222,623 | 221,854 | 200,899 | 185,680 |
| Non Current Accounts Receivable | -- | 145,882 | 121,203 | 194,613 |
| Non Current Deferred Assets | 73,191 | 191,214 | 76,733 | 194,457 |
| Non Current Deferred Liabilities | 270,810 | 396,466 | 277,559 | 461,752 |
| Non Current Deferred Revenue | 270,810 | 396,466 | 277,559 | 461,752 |
| Other Current Borrowings | 555,825 | 699,764 | 625,168 | 1.1M |
| Other Equity Interest | -- | 918,611 | 918,611 | 879,035 |
| Other Properties | 294,991 | 294,991 | 628,576 | 333,919 |
| Other Receivables | 1.0M | -- | -- | -- |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 1.6M | 1.2M | 1.2M | 2.1M |
| Taxes Receivable | 346,832 | 331,295 | 214,399 | 272,351 |
| Tradeand Other Payables Non Current | 0.00 | 0.00 | 0.00 | -- |
| Treasury Shares Number | 38,985 | 38,985 | -- | 13,375 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 357,403 | -2.1M | -3.4M | -3.9M |
| Cash Flow From Continuing Operating Activities | 357,403 | -2.1M | -3.4M | -3.9M |
| Depreciation And Amortization | 849,193 | 556,760 | 504,470 | 146,504 |
| Depreciation Amortization Depletion | 849,193 | 556,760 | 504,470 | 146,504 |
| Stock Based Compensation | 212,366 | 256,107 | 300,860 | 644,082 |
| Deferred Tax | -153,314 | 0.00 | 0.00 | -478,454 |
| Deferred Income Tax | -153,314 | 0.00 | 0.00 | -478,454 |
| Change In Working Capital | 3.1M | 756,522 | 789,247 | -1.5M |
| Changes In Account Receivables | 2.4M | -866,737 | 346,435 | 4,035 |
| Change In Receivables | 2.7M | -920,914 | 332,138 | 20,785 |
| Change In Inventory | -63,407 | -186,515 | 82,787 | -1.9M |
| Change In Payables And Accrued Expense | -88,155 | 1.6M | 101,517 | 694,824 |
| Change In Payable | -88,155 | 1.6M | -- | -- |
| Change In Other Working Capital | 681,947 | 76,189 | 141,895 | -546,197 |
| Change In Other Current Liabilities | -- | -- | 393,565 | 0.00 |
| Other Non Cash Items | 2.9M | 737,762 | 485,353 | 710,235 |
| Capital Expenditure | -2.6M | -3.1M | -2.4M | -2.9M |
| Purchase Of PPE | -1,859 | -34,647 | -17,484 | -85,737 |
| Net PPE Purchase And Sale | -1,859 | -34,647 | -17,484 | -85,737 |
| Sale Of Business | 0.00 | 115,895 | 0.00 | -- |
| Investing Cash Flow | -1.4M | -859,515 | -1.8M | -2.9M |
| Cash Flow From Continuing Investing Activities | -1.4M | -859,515 | -1.8M | -2.9M |
| Issuance Of Debt | 1.3M | 1.2M | 2.0M | 5.3M |
| Repayment Of Debt | -387,329 | -159,936 | -525,029 | -2.9M |
| Net Issuance Payments Of Debt | 919,039 | 1.1M | 1.5M | 2.5M |
| Issuance Of Capital Stock | 0.00 | 1.8M | 2.7M | 0.00 |
| Net Common Stock Issuance | 0.00 | 1.8M | 2.7M | 0.00 |
| Financing Cash Flow | 897,263 | 2.6M | 4.0M | 5.4M |
| Cash Flow From Continuing Financing Activities | 897,263 | 2.6M | 1.3M | 5.4M |
| Changes In Cash | -194,546 | -318,879 | -1.3M | -1.4M |
| Beginning Cash Position | 534,451 | 853,330 | 2.1M | 3.5M |
| End Cash Position | 339,905 | 534,451 | 853,330 | 2.1M |
| Free Cash Flow | -2.3M | -5.2M | -5.9M | -6.8M |
| Amortization Cash Flow | 722,282 | 423,902 | 355,713 | 0.00 |
| Amortization Of Intangibles | 722,282 | 423,902 | 355,713 | 0.00 |
| Asset Impairment Charge | 4.5M | 282,500 | 679,120 | 209,901 |
| Change In Account Payable | -88,155 | 334,580 | -- | -- |
| Change In Prepaid Assets | -131,000 | 140,053 | 130,910 | 221,507 |
| Common Stock Issuance | 0.00 | 1.8M | 2.7M | 0.00 |
| Depreciation | 126,911 | 132,858 | 148,757 | 146,504 |
| Gain Loss On Investment Securities | -- | -- | -- | 41,403 |
| Gain Loss On Sale Of PPE | 0.00 | 96.00 | -2,400 | -1,000 |
| Interest Paid Cfo | -251,853 | -684,419 | -508,565 | -355,956 |
| Interest Received Cfo | 0.00 | 17,413 | 8,044 | 23,303 |
| Long Term Debt Issuance | 1.3M | 0.00 | 2.0M | 5.3M |
| Long Term Debt Payments | -387,329 | -159,936 | -350,802 | -228,710 |
| Net Business Purchase And Sale | 0.00 | 115,895 | 0.00 | -- |
| Net Foreign Currency Exchange Gain Loss | 248,024 | -86,066 | 41,415 | -6,876 |
| Net Income From Continuing Operations | -11.0M | -3.9M | -5.7M | -3.4M |
| Net Intangibles Purchase And Sale | -2.6M | -3.1M | -2.4M | -2.9M |
| Net Long Term Debt Issuance | 919,039 | -159,936 | 1.6M | 5.1M |
| Net Other Financing Charges | -21,776 | -306,535 | 2.5M | 2.3M |
| Net Other Investing Changes | 1.2M | 2.1M | 609,051 | 86,222 |
| Net Short Term Debt Issuance | 0.00 | 1.2M | -174,227 | -2.6M |
| Operating Gains Losses | 248,024 | -85,970 | 39,015 | 33,527 |
| Proceeds From Stock Option Exercised | -- | -- | 0.00 | 583,874 |
| Purchase Of Intangibles | -2.6M | -3.1M | -2.4M | -2.9M |
| Sale Of PPE | -- | -- | 2,400 | 1,000 |
| Short Term Debt Issuance | 0.00 | 1.2M | 0.00 | 2.5M |
| Short Term Debt Payments | -- | 0.00 | -174,227 | -2.6M |
| Taxes Refund Paid | 0.00 | 0.00 | 0.00 | 82,000 |