Canadian North 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 | 24,213 | 92,924 | 65,953 | 25,106 |
| Gross Profit | -24,213 | -92,924 | -65,953 | -25,106 |
| Selling General And Administration | 2.3M | 6.8M | 3.8M | 1.2M |
| General And Administrative Expense | 2.3M | 6.8M | 3.8M | 1.2M |
| Other Operating Expenses | 72,000 | 72,000 | 72,221 | 215,333 |
| Operating Expense | 2.4M | 6.9M | 3.9M | 1.4M |
| Operating Income | -2.4M | -7.0M | -4.0M | -1.5M |
| EBIT | -2.3M | -3.1M | -3.9M | -1.5M |
| Interest Expense | 157,429 | 198,473 | 0.00 | -- |
| Interest Expense Non Operating | 157,429 | 198,473 | 0.00 | -- |
| Interest Income | 140,560 | 196,553 | 92,288 | 20,450 |
| Interest Income Non Operating | 140,560 | 196,553 | 92,288 | 20,450 |
| Net Interest Income | -16,869 | -1,920 | 92,288 | 20,450 |
| Other Income Expense | 6,000 | 3.7M | -- | -- |
| Other Non Operating Income Expenses | 6,000 | 3.7M | -- | -- |
| Pretax Income | -2.4M | -3.3M | -3.9M | -1.4M |
| Tax Provision | -524,561 | 3.1M | 0.00 | -- |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -1.9M | -6.4M | -3.9M | -1.4M |
| Net Income From Continuing Operation Net Minority Interest | -1.9M | -6.4M | -3.9M | -1.4M |
| Net Income Including Noncontrolling Interests | -1.9M | -6.4M | -3.9M | -1.4M |
| Net Income Common Stockholders | -1.9M | -6.4M | -3.9M | -1.4M |
| Net Income | -1.9M | -6.4M | -3.9M | -1.4M |
| EBITDA | -2.2M | -3.0M | -3.8M | -1.4M |
| Normalized EBITDA | -2.2M | -3.0M | -3.8M | -1.4M |
| Reconciled Depreciation | 24,213 | 92,924 | 65,953 | 25,106 |
| Basic EPS | -0.02 | -0.06 | -0.04 | -0.01 |
| Diluted EPS | -0.02 | -0.06 | -0.04 | -0.01 |
| Basic Average Shares | 114.5M | 107.5M | 97.3M | 102.0M |
| Diluted Average Shares | 114.5M | 107.5M | 97.3M | 102.0M |
| Tax Rate For Calcs | 0.22 | 0.40 | 0.00 | 0.00 |
| Normalized Income | -1.9M | -6.4M | -3.9M | -1.4M |
| Diluted NI Availto Com Stockholders | -1.9M | -6.4M | -3.9M | -1.4M |
| Insurance And Claims | -- | -- | 32,175 | 43,900 |
| Net Income Continuous Operations | -1.9M | -6.4M | -3.9M | -1.4M |
| Net Non Operating Interest Income Expense | -16,869 | -1,920 | 92,288 | 20,450 |
| Other Gand A | 1.9M | 3.0M | 739,061 | 1.2M |
| Reconciled Cost Of Revenue | 24,213 | 92,924 | 65,953 | 25,106 |
| Rent And Landing Fees | 71,160 | 66,000 | 48,500 | 24,000 |
| Rent Expense Supplemental | 71,160 | 66,000 | 48,500 | 24,000 |
| Salaries And Wages | 336,163 | 3.7M | 3.1M | 0.00 |
| Total Expenses | 2.4M | 7.0M | 4.0M | 1.5M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 1.6M | 5.5M | 11.1M | 19.0M |
| Cash Cash Equivalents And Short Term Investments | 1.6M | 5.5M | 11.1M | 19.0M |
| Cash Financial | -- | -- | -- | 19.0M |
| Receivables | 90,900 | 178,789 | 1.2M | 0.00 |
| Prepaid Assets | 148,135 | 572,937 | 19,044 | 36,219 |
| Current Assets | 1.9M | 6.3M | 12.3M | 19.1M |
| Gross PPE | 47.6M | 45.1M | 22.6M | 6.4M |
| Accumulated Depreciation | -2.5M | -1.2M | -243,173 | -177,221 |
| Net PPE | 45.2M | 43.9M | 22.3M | 6.2M |
| Other Non Current Assets | -- | -- | -- | 1.00 |
| Total Non Current Assets | 45.2M | 43.9M | 22.3M | 6.2M |
| Total Assets | 47.1M | 50.2M | 34.6M | 25.3M |
| Current Debt And Capital Lease Obligation | 834,740 | 960,371 | -- | -- |
| Payables And Accrued Expenses | 117,103 | 110,182 | 427,166 | 46,258 |
| Other Current Liabilities | -- | -- | 3.1M | 2.2M |
| Current Liabilities | 951,843 | 1.1M | 3.5M | 2.3M |
| Long Term Debt And Capital Lease Obligation | 129,377 | 964,117 | -- | -- |
| Long Term Capital Lease Obligation | 129,377 | 964,117 | 0.00 | -- |
| Total Non Current Liabilities Net Minority Interest | 2.7M | 4.1M | 0.00 | 0.00 |
| Total Liabilities Net Minority Interest | 3.7M | 5.2M | 3.5M | 2.3M |
| Common Stock | 50.3M | 50.2M | 33.9M | 25.5M |
| Capital Stock | 50.3M | 50.2M | 33.9M | 25.5M |
| Additional Paid In Capital | 4.1M | 1.1M | 125,712 | -- |
| Retained Earnings | -14.6M | -12.8M | -6.4M | -2.5M |
| Common Stock Equity | 43.4M | 45.0M | 31.1M | 23.0M |
| Stockholders Equity | 43.4M | 45.0M | 31.1M | 23.0M |
| Total Equity Gross Minority Interest | 43.4M | 45.0M | 31.1M | 23.0M |
| Total Capitalization | 43.4M | 45.0M | 31.1M | 23.0M |
| Net Tangible Assets | 43.4M | 45.0M | 31.1M | 23.0M |
| Tangible Book Value | 43.4M | 45.0M | 31.1M | 23.0M |
| Working Capital | 933,418 | 5.2M | 8.8M | 16.8M |
| Invested Capital | 43.4M | 45.0M | 31.1M | 23.0M |
| Total Debt | 964,117 | 1.9M | 0.00 | -- |
| Share Issued | 114.4M | 114.3M | 105.3M | 102.0M |
| Ordinary Shares Number | 114.4M | 114.3M | 105.3M | 102.0M |
| Capital Lease Obligations | 964,117 | 1.9M | 0.00 | -- |
| Current Capital Lease Obligation | 834,740 | 960,371 | 0.00 | -- |
| Current Deferred Liabilities | -- | -- | -- | 2.2M |
| Non Current Deferred Liabilities | 2.6M | 3.1M | 0.00 | -- |
| Non Current Deferred Taxes Liabilities | 2.6M | 3.1M | 0.00 | -- |
| Other Equity Interest | 3.5M | 6.5M | 3.5M | -- |
| Other Properties | 47.6M | 45.1M | 22.6M | -- |
| Taxes Receivable | 90,900 | 178,789 | 1.2M | 0.00 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -1.4M | -2.8M | -1.8M | -1.7M |
| Cash Flow From Continuing Operating Activities | -1.4M | -2.8M | -1.8M | -1.7M |
| Depreciation And Amortization | 24,213 | 92,924 | 65,953 | 25,106 |
| Depreciation Amortization Depletion | 24,213 | 92,924 | 65,953 | 25,106 |
| Stock Based Compensation | 336,163 | 3.7M | 3.1M | 0.00 |
| Deferred Tax | -524,561 | 3.1M | 0.00 | -- |
| Deferred Income Tax | -524,561 | 3.1M | 0.00 | -- |
| Change In Working Capital | 519,611 | 190,629 | -1.1M | -293,689 |
| Change In Payables And Accrued Expense | 6,921 | -316,984 | 130,907 | -309,067 |
| Other Non Cash Items | 157,429 | -3.5M | -- | -- |
| Capital Expenditure | -1.6M | -18.6M | -15.4M | -3.6M |
| Purchase Of PPE | -3,815 | -114,069 | -461,775 | 0.00 |
| Net PPE Purchase And Sale | -3,815 | -114,069 | -461,775 | 0.00 |
| Investing Cash Flow | -1.5M | -18.2M | -15.4M | -3.6M |
| Cash Flow From Continuing Investing Activities | -1.5M | -18.2M | -15.4M | -3.6M |
| Repayment Of Debt | -1.1M | -1.4M | 0.00 | -- |
| Net Issuance Payments Of Debt | -1.1M | -1.4M | 0.00 | -- |
| Issuance Of Capital Stock | 181,698 | 17.3M | 9.8M | 20.9M |
| Repurchase Of Capital Stock | -124,926 | 0.00 | -- | -- |
| Net Common Stock Issuance | 56,772 | 17.3M | 9.8M | 20.9M |
| Common Stock Payments | -124,926 | 0.00 | -- | -- |
| Financing Cash Flow | -1.1M | 15.4M | 9.3M | 22.8M |
| Cash Flow From Continuing Financing Activities | -1.1M | 15.4M | 9.3M | 22.8M |
| Changes In Cash | -3.9M | -5.5M | -8.0M | 17.5M |
| Beginning Cash Position | 5.5M | 11.1M | 19.0M | 1.6M |
| End Cash Position | 1.6M | 5.5M | 11.1M | 19.0M |
| Free Cash Flow | -3.0M | -21.4M | -17.2M | -5.4M |
| Capital Expenditure Reported | -1.6M | -18.4M | -14.9M | -3.6M |
| Change In Prepaid Assets | 512,690 | 507,613 | -1.2M | 15,378 |
| Common Stock Issuance | 181,698 | 17.3M | 9.8M | 20.9M |
| Depreciation | 24,213 | 92,924 | 65,953 | 25,106 |
| Long Term Debt Payments | -1.1M | -1.4M | 0.00 | -- |
| Net Income From Continuing Operations | -1.9M | -6.4M | -3.9M | -1.4M |
| Net Long Term Debt Issuance | -1.1M | -1.4M | 0.00 | -- |
| Net Other Financing Charges | -- | -483,438 | -586,125 | 1.9M |
| Net Other Investing Changes | 174,438 | 375,000 | -- | -- |