Charbone Hydrogen Corporation
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 | 325,753 | 282,724 | 22,481 | 0.00 |
| Operating Revenue | 325,753 | 282,724 | 22,481 | 0.00 |
| Selling General And Administration | 2.5M | 2.9M | 4.2M | 1.3M |
| General And Administrative Expense | 2.1M | 2.4M | 3.9M | 1.2M |
| Research And Development | 9,934 | 21,242 | 46,199 | 32,284 |
| Depreciation And Amortization In Income Statement | 298,200 | 276,685 | 141,731 | 70,314 |
| Operating Expense | 2.8M | 3.2M | 4.3M | 1.4M |
| Operating Income | -2.4M | -3.0M | -4.3M | -1.4M |
| EBIT | -2.5M | -2.8M | -7.2M | -3.8M |
| Interest Expense | 331,085 | 427,429 | 182,120 | 241,786 |
| Interest Expense Non Operating | 331,085 | 427,429 | 182,120 | 241,786 |
| Net Interest Income | -154,978 | -146,605 | -248,731 | -1.9M |
| Other Income Expense | -227,533 | -87,346 | -2.8M | -823,523 |
| Special Income Charges | -155,008 | -80,588 | -2.8M | -825,591 |
| Restructuring And Mergern Acquisition | -- | 0.00 | 2.8M | 815,591 |
| Write Off | -- | -- | 0.00 | 10,000 |
| Gain On Sale Of Security | -72,525 | -6,758 | -19,854 | 2,068 |
| Pretax Income | -2.8M | -3.2M | -7.4M | -4.0M |
| Tax Provision | 8,219 | 3,149 | 0.00 | -- |
| Tax Effect Of Unusual Items | -34,130 | -34,938 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -2.8M | -3.2M | -7.4M | -4.0M |
| Net Income From Continuing Operation Net Minority Interest | -2.8M | -3.2M | -7.4M | -4.0M |
| Net Income Including Noncontrolling Interests | -2.8M | -3.2M | -7.4M | -4.0M |
| Net Income Common Stockholders | -2.8M | -3.2M | -7.4M | -4.0M |
| Net Income | -2.8M | -3.2M | -7.4M | -4.0M |
| EBITDA | -2.2M | -2.5M | -7.1M | -3.7M |
| Normalized EBITDA | -2.0M | -2.4M | -4.3M | -2.9M |
| Reconciled Depreciation | 298,200 | 276,685 | 141,731 | 70,314 |
| Basic EPS | -0.03 | -0.05 | -0.19 | -0.16 |
| Diluted EPS | -0.03 | -0.05 | -0.19 | -0.16 |
| Basic Average Shares | 102.7M | 60.4M | 39.5M | 25.0M |
| Diluted Average Shares | 102.7M | 60.4M | 39.5M | 25.0M |
| Total Unusual Items | -227,533 | -87,346 | -2.8M | -823,523 |
| Total Unusual Items Excluding Goodwill | -227,533 | -87,346 | -2.8M | -823,523 |
| Tax Rate For Calcs | 0.15 | 0.40 | 0.00 | 0.00 |
| Normalized Income | -2.6M | -3.1M | -4.6M | -3.2M |
| Amortization | 23,646 | 23,299 | 7,663 | 2,974 |
| Amortization Of Intangibles Income Statement | 23,646 | 23,299 | 7,663 | 2,974 |
| Depreciation Amortization Depletion Income Statement | 298,200 | 276,685 | 141,731 | 70,314 |
| Depreciation Income Statement | 274,554 | 253,386 | 134,068 | 67,340 |
| Diluted NI Availto Com Stockholders | -2.8M | -3.2M | -7.4M | -4.0M |
| Gain On Sale Of Ppe | -104,500 | -11,588 | 0.00 | -- |
| Impairment Of Capital Assets | 93,528 | 69,000 | 0.00 | -- |
| Net Income Continuous Operations | -2.8M | -3.2M | -7.4M | -4.0M |
| Net Non Operating Interest Income Expense | -154,978 | -146,605 | -248,731 | -1.9M |
| Other Gand A | 1.6M | 2.1M | 3.5M | 1.2M |
| Other Special Charges | -43,020 | -- | -- | -- |
| Salaries And Wages | 468,205 | 356,738 | 359,078 | 3,161 |
| Selling And Marketing Expense | 388,442 | 501,634 | 310,433 | 6,503 |
| Total Expenses | 2.8M | 3.2M | 4.3M | 1.4M |
| Total Operating Income As Reported | -2.6M | -3.0M | -4.3M | -- |
| Total Other Finance Cost | -176,107 | -280,824 | 66,611 | 1.6M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 452,739 | 55,123 | 0.00 | -- |
| Cash Cash Equivalents And Short Term Investments | 452,739 | 55,123 | 0.00 | -- |
| Cash Financial | 452,739 | 55,123 | 0.00 | -- |
| Accounts Receivable | 4,717 | 8,823 | 10,114 | 0.00 |
| Receivables | 115,839 | 161,589 | 261,702 | 208,965 |
| Prepaid Assets | 56,263 | 83,883 | 347,234 | 8,836 |
| Current Assets | 624,841 | 300,595 | 608,936 | 217,801 |
| Gross PPE | 6.8M | 4.1M | 3.5M | 2.1M |
| Accumulated Depreciation | -967,324 | -584,670 | -267,861 | -85,872 |
| Net PPE | 5.8M | 3.5M | 3.3M | 2.0M |
| Goodwill And Other Intangible Assets | 172,746 | 201,831 | 251,083 | 110,026 |
| Other Non Current Assets | 213,969 | 196,419 | 194,278 | -- |
| Total Non Current Assets | 6.2M | 3.9M | 3.8M | 2.6M |
| Total Assets | 6.8M | 4.2M | 4.4M | 2.8M |
| Current Debt | 1.7M | 1.2M | 59,144 | 47,582 |
| Current Debt And Capital Lease Obligation | 1.8M | 1.3M | 93,734 | 131,798 |
| Accounts Payable | 3.5M | 3.0M | 2.2M | 1.6M |
| Payables | 3.5M | 3.0M | 2.2M | 1.7M |
| Payables And Accrued Expenses | 3.6M | 3.2M | 2.4M | 1.9M |
| Current Accrued Expenses | 111,178 | 197,653 | 118,068 | 249,140 |
| Other Current Liabilities | -- | 200.00 | -- | -- |
| Current Liabilities | 5.4M | 4.5M | 2.5M | 2.0M |
| Long Term Debt | 1.5M | 286,679 | 1.1M | 4.0M |
| Long Term Debt And Capital Lease Obligation | 2.6M | 1.3M | 2.0M | 5.2M |
| Long Term Capital Lease Obligation | 1.1M | 1.1M | 964,787 | 1.2M |
| Total Non Current Liabilities Net Minority Interest | 2.8M | 1.3M | 2.0M | 5.2M |
| Total Liabilities Net Minority Interest | 8.2M | 5.9M | 4.5M | 7.2M |
| Common Stock | 14.3M | 11.5M | 10.2M | 220,553 |
| Capital Stock | 14.3M | 11.5M | 10.2M | 220,553 |
| Additional Paid In Capital | 550,979 | 388,689 | 366,164 | 0.00 |
| Retained Earnings | -18.1M | -15.2M | -12.0M | -4.6M |
| Gains Losses Not Affecting Retained Earnings | 56,728 | -8,057 | 20,841 | -326.00 |
| Other Equity Adjustments | 56,728 | -8,057 | 20,841 | -326.00 |
| Common Stock Equity | -1.4M | -1.6M | -67,871 | -4.4M |
| Stockholders Equity | -1.4M | -1.6M | -67,871 | -4.4M |
| Total Equity Gross Minority Interest | -1.4M | -1.6M | -67,871 | -4.4M |
| Total Capitalization | 181,263 | -1.3M | 989,685 | -455,007 |
| Net Tangible Assets | -1.5M | -1.8M | -318,954 | -4.5M |
| Tangible Book Value | -1.5M | -1.8M | -318,954 | -4.5M |
| Working Capital | -4.8M | -4.2M | -1.9M | -1.8M |
| Invested Capital | 1.9M | -167,751 | 1.0M | -407,425 |
| Total Debt | 4.5M | 2.6M | 2.1M | 5.3M |
| Net Debt | 2.8M | 1.4M | 1.1M | 4.0M |
| Share Issued | 135.8M | 77.5M | 52.7M | 25.0M |
| Ordinary Shares Number | 135.8M | 77.5M | 52.7M | 25.0M |
| Buildings And Improvements | 200,351 | 195,183 | 196,597 | 192,732 |
| Capital Lease Obligations | 1.2M | 1.2M | 999,377 | 1.3M |
| Construction In Progress | 3.8M | 1.4M | 1.0M | 346,510 |
| Current Capital Lease Obligation | 148,982 | 130,632 | 34,590 | 84,216 |
| Derivative Product Liabilities | 129,501 | 0.00 | -- | -- |
| Dueto Related Parties Current | 29,261 | 26,671 | 0.00 | -- |
| Income Tax Payable | 0.00 | 6,698 | 0.00 | -- |
| Interest Payable | 111,178 | 197,653 | 118,068 | 249,140 |
| Land And Improvements | 94,967 | 87,293 | 89,392 | 17,093 |
| Leases | 1.2M | 1.2M | 1.1M | 1.1M |
| Line Of Credit | -- | 0.00 | 28,467 | 4,960 |
| Machinery Furniture Equipment | 453,156 | 309,904 | 127,797 | 17,711 |
| Non Current Prepaid Assets | 34,422 | 27,086 | 79,000 | 494,872 |
| Other Current Borrowings | 1.7M | 1.2M | 30,677 | 42,622 |
| Other Equity Interest | 1.8M | 1.7M | 1.4M | -- |
| Other Payable | 3,000 | 3,000 | 3,000 | 7,000 |
| Other Properties | 1.1M | 952,974 | 973,827 | 360,361 |
| Other Receivables | 55,000 | 63,647 | 56,422 | -- |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Taxes Receivable | 56,122 | 89,119 | 195,166 | 208,965 |
| Total Tax Payable | 0.00 | 6,698 | 0.00 | -- |
| Treasury Shares Number | -- | 0.00 | -- | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -1.6M | -1.5M | -3.9M | -546,263 |
| Cash Flow From Continuing Operating Activities | -1.6M | -1.5M | -3.9M | -546,263 |
| Depreciation And Amortization | 298,200 | 276,685 | 141,731 | 70,314 |
| Depreciation Amortization Depletion | 298,200 | 276,685 | 141,731 | 70,314 |
| Stock Based Compensation | 114,451 | 5,021 | 180,948 | 0.00 |
| Deferred Tax | 8,219 | -3,549 | 0.00 | -- |
| Deferred Income Tax | 8,219 | -3,549 | 0.00 | -- |
| Change In Working Capital | 442,809 | 1.3M | 375,448 | 1.6M |
| Changes In Account Receivables | -119,741 | 100,113 | -456.00 | -208,965 |
| Change In Receivables | -119,741 | 100,113 | -456.00 | -208,965 |
| Change In Payables And Accrued Expense | 605,258 | 1.2M | 436,093 | 1.8M |
| Change In Payable | -- | 1.2M | 436,093 | -- |
| Change In Other Working Capital | -- | -- | -12,254 | -- |
| Other Non Cash Items | 186,626 | -7,988 | 2.7M | 225,414 |
| Capital Expenditure | -235,416 | -121,655 | -772,543 | -56,200 |
| Purchase Of PPE | -235,416 | -121,655 | -772,543 | -56,200 |
| Net PPE Purchase And Sale | -80,131 | -121,655 | -772,543 | -56,200 |
| Purchase Of Business | -- | 0.00 | -1.0M | -465,454 |
| Investing Cash Flow | -87,467 | 240,443 | -1.6M | -877,879 |
| Cash Flow From Continuing Investing Activities | -87,467 | 240,443 | -1.6M | -877,879 |
| Issuance Of Debt | 100,000 | 0.00 | 1.2M | 1.4M |
| Repayment Of Debt | -217,365 | -150,080 | -62,775 | 0.00 |
| Net Issuance Payments Of Debt | -154,885 | 156,763 | 1.1M | 1.4M |
| Issuance Of Capital Stock | 1.8M | 1.3M | 5.1M | 0.00 |
| Net Common Stock Issuance | 1.8M | 1.3M | 5.1M | 0.00 |
| Financing Cash Flow | 2.1M | 1.4M | 5.6M | 1.4M |
| Cash Flow From Continuing Financing Activities | 2.1M | 1.4M | 5.6M | 1.4M |
| Effect Of Exchange Rate Changes | -38,259 | -5,953 | -16,497 | -94.00 |
| Changes In Cash | 435,875 | 89,543 | -7,010 | -5,662 |
| Beginning Cash Position | 55,123 | -28,467 | -4,960 | 796.00 |
| End Cash Position | 452,739 | 55,123 | -28,467 | -4,960 |
| Free Cash Flow | -1.8M | -1.6M | -4.7M | -602,463 |
| Amortization Cash Flow | 23,646 | 23,299 | 7,663 | 2,974 |
| Amortization Of Intangibles | 23,646 | 23,299 | 7,663 | 2,974 |
| Asset Impairment Charge | 93,528 | 69,000 | 0.00 | 10,000 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 |
| Change In Account Payable | -- | 1.2M | 436,093 | -- |
| Change In Prepaid Assets | -42,708 | -17,572 | -47,935 | -8,787 |
| Common Stock Issuance | 1.8M | 1.3M | 5.1M | 0.00 |
| Depreciation | 274,554 | 253,386 | 134,068 | 67,340 |
| Gain Loss On Investment Securities | 2,848 | -- | -- | -- |
| Interest Paid Cff | -203,946 | -38,125 | -54,647 | 0.00 |
| Long Term Debt Issuance | 100,000 | 0.00 | 1.2M | 1.4M |
| Long Term Debt Payments | -217,365 | -150,080 | -62,775 | 0.00 |
| Net Business Purchase And Sale | -- | 0.00 | -1.0M | -465,454 |
| Net Foreign Currency Exchange Gain Loss | 66,558 | 3,377 | 3,111 | -11,362 |
| Net Income From Continuing Operations | -2.8M | -3.2M | -7.4M | -4.0M |
| Net Long Term Debt Issuance | -117,365 | -150,080 | 1.1M | 1.4M |
| Net Other Financing Charges | -217,886 | -13,925 | -639,359 | 316.00 |
| Net Other Investing Changes | -7,336 | 362,098 | 132,359 | -356,225 |
| Net Short Term Debt Issuance | -37,520 | 306,843 | -11,945 | 42,622 |
| Operating Gains Losses | 130,887 | 14,965 | 3,111 | -11,362 |
| Proceeds From Stock Option Exercised | 889,494 | 0.00 | 27,200 | 0.00 |
| Sale Of PPE | 155,285 | -- | -- | -- |
| Unrealized Gain Loss On Investment Securities | -- | 0.00 | 69,394 | 1.6M |