Ostrom Climate Solutions 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 | 3.5M | 4.6M | 4.0M | 3.6M |
| Operating Revenue | 3.5M | 4.6M | 4.0M | 3.6M |
| Cost Of Revenue | 2.7M | 2.6M | 2.3M | 2.3M |
| Gross Profit | 754,999 | 2.0M | 1.6M | 1.4M |
| Selling General And Administration | 3.6M | 2.9M | 2.3M | 2.0M |
| General And Administrative Expense | 3.6M | 2.9M | 2.3M | 1.6M |
| Research And Development | 1.6M | 859,576 | -- | -- |
| Depreciation And Amortization In Income Statement | 106,492 | 13,661 | 14,274 | 30,335 |
| Other Operating Expenses | -2,069 | -9,686 | -- | -25,082 |
| Operating Expense | 5.3M | 3.8M | 2.3M | 2.0M |
| Operating Income | -4.5M | -1.8M | -653,954 | -603,933 |
| EBIT | -4.5M | -1.8M | -438,760 | -1.1M |
| Interest Expense | 66,469 | 46,613 | 51,591 | 51,602 |
| Interest Expense Non Operating | 66,469 | 46,613 | 51,591 | 51,602 |
| Interest Income | 2,670 | 2,220 | 37,650 | 43.00 |
| Interest Income Non Operating | 2,670 | 2,220 | 37,650 | 43.00 |
| Net Interest Income | -170,290 | -128,412 | -91,376 | -116,152 |
| Other Income Expense | 133,346 | 55,479 | 254,979 | -419,732 |
| Other Non Operating Income Expenses | 93,956 | 33,500 | 32,304 | 36,882 |
| Special Income Charges | 0.00 | -30,173 | 203,744 | -475,307 |
| Write Off | 0.00 | 70,173 | 966.00 | 501,822 |
| Gain On Sale Of Security | 39,390 | 52,152 | 18,931 | 18,693 |
| Pretax Income | -4.6M | -1.8M | -490,351 | -1.1M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -4.6M | -1.8M | -490,351 | -1.1M |
| Net Income From Continuing Operation Net Minority Interest | -4.6M | -1.8M | -490,351 | -1.1M |
| Net Income Including Noncontrolling Interests | -4.6M | -1.8M | -490,351 | -1.1M |
| Net Income Common Stockholders | -4.6M | -1.8M | -490,351 | -1.1M |
| Net Income | -4.6M | -1.8M | -490,351 | -1.1M |
| EBITDA | -4.4M | -1.8M | -424,486 | -1.1M |
| Normalized EBITDA | -4.4M | -1.8M | -647,161 | -601,266 |
| Reconciled Depreciation | 106,492 | 13,661 | 14,274 | 30,335 |
| Basic EPS | -0.04 | -0.02 | -0.01 | -0.02 |
| Diluted EPS | -0.04 | -0.02 | -0.01 | -0.02 |
| Basic Average Shares | 103.4M | 81.1M | 75.1M | 61.8M |
| Diluted Average Shares | 103.4M | 81.1M | 75.1M | 61.8M |
| Total Unusual Items | 39,390 | 21,979 | 222,675 | -456,614 |
| Total Unusual Items Excluding Goodwill | 39,390 | 21,979 | 222,675 | -456,614 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -4.6M | -1.8M | -713,026 | -683,203 |
| Depreciation Amortization Depletion Income Statement | 106,492 | 13,661 | 14,274 | 30,335 |
| Depreciation Income Statement | 106,492 | 13,661 | 14,274 | 30,335 |
| Diluted NI Availto Com Stockholders | -4.6M | -1.8M | -490,351 | -1.1M |
| Gain On Sale Of Ppe | 0.00 | 40,000 | 0.00 | 5.00 |
| Net Income Continuous Operations | -4.6M | -1.8M | -490,351 | -1.1M |
| Net Non Operating Interest Income Expense | -170,290 | -128,412 | -91,376 | -116,152 |
| Other Gand A | 1.6M | 1.2M | 821,138 | 292,334 |
| Other Special Charges | -- | -- | -204,710 | -26,510 |
| Reconciled Cost Of Revenue | 2.7M | 2.6M | 2.3M | 2.3M |
| Salaries And Wages | 2.0M | 1.7M | 1.5M | 1.4M |
| Selling And Marketing Expense | -- | -- | 351,938 | 306,818 |
| Total Expenses | 8.0M | 6.4M | 4.6M | 4.2M |
| Total Other Finance Cost | 106,491 | 84,019 | 77,435 | 64,593 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 550,710 | 1.3M | 977,910 | 1.8M |
| Cash Cash Equivalents And Short Term Investments | 550,710 | 1.3M | 977,910 | 1.8M |
| Cash Financial | 550,710 | 1.3M | 977,910 | 1.8M |
| Accounts Receivable | 220,982 | 331,390 | 183,942 | 254,285 |
| Receivables | 255,667 | 456,011 | 225,600 | 308,263 |
| Inventory | 123,024 | 591,477 | 689,238 | 154,991 |
| Prepaid Assets | 104,130 | 199,884 | 150,546 | 130,869 |
| Current Assets | 1.2M | 2.8M | 2.3M | 2.7M |
| Gross PPE | 542,002 | 110,562 | 98,490 | 88,197 |
| Accumulated Depreciation | -98,749 | -87,805 | -74,144 | -59,870 |
| Net PPE | 443,253 | 22,757 | 24,346 | 28,327 |
| Other Non Current Assets | 370.00 | -- | -- | -1.00 |
| Total Non Current Assets | 443,623 | 22,757 | 24,346 | 28,327 |
| Total Assets | 1.6M | 2.8M | 2.4M | 2.7M |
| Current Debt | 586,575 | 595,192 | 629,456 | 816,207 |
| Current Debt And Capital Lease Obligation | 696,419 | 595,192 | 629,456 | 816,207 |
| Accounts Payable | 1.0M | 530,611 | 234,639 | 943,338 |
| Payables | 1.1M | 592,331 | 253,079 | 961,224 |
| Payables And Accrued Expenses | 1.6M | 1.3M | 591,059 | 1.4M |
| Current Accrued Expenses | 495,238 | 719,839 | 337,980 | 437,671 |
| Current Deferred Revenue | 1.8M | 1.6M | 1.4M | 1.6M |
| Other Current Liabilities | -- | 1.00 | -- | -- |
| Current Liabilities | 4.4M | 3.7M | 2.8M | 3.9M |
| Long Term Debt | 248,990 | 236,309 | 297,345 | 144,634 |
| Long Term Debt And Capital Lease Obligation | 591,111 | 236,309 | 297,345 | 144,634 |
| Long Term Capital Lease Obligation | 342,121 | 0.00 | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 2.0M | 297,895 | 368,617 | 337,462 |
| Total Liabilities Net Minority Interest | 6.4M | 4.0M | 3.2M | 4.3M |
| Common Stock | 18.0M | 17.2M | 15.9M | 14.8M |
| Capital Stock | 18.0M | 17.2M | 15.9M | 14.8M |
| Retained Earnings | -26.2M | -21.6M | -19.8M | -19.3M |
| Gains Losses Not Affecting Retained Earnings | 3.2M | 3.0M | 2.8M | 2.8M |
| Common Stock Equity | -4.8M | -1.2M | -855,029 | -1.5M |
| Stockholders Equity | -4.8M | -1.2M | -855,029 | -1.5M |
| Total Equity Gross Minority Interest | -4.8M | -1.2M | -855,029 | -1.5M |
| Total Capitalization | -4.5M | -1.0M | -557,684 | -1.4M |
| Net Tangible Assets | -4.8M | -1.2M | -855,029 | -1.5M |
| Tangible Book Value | -4.8M | -1.2M | -855,029 | -1.5M |
| Working Capital | -3.2M | -973,482 | -510,758 | -1.2M |
| Invested Capital | -3.9M | -417,119 | 71,772 | -545,296 |
| Total Debt | 1.3M | 831,501 | 926,801 | 960,841 |
| Net Debt | 284,855 | -- | -- | -- |
| Share Issued | 114.1M | 97.4M | 78.2M | 61.8M |
| Ordinary Shares Number | 114.1M | 97.4M | 78.2M | 61.8M |
| Buildings And Improvements | 425,623 | 0.00 | -- | -- |
| Capital Lease Obligations | 451,965 | 0.00 | -- | -- |
| Current Capital Lease Obligation | 109,844 | 0.00 | -- | -- |
| Current Deferred Assets | 90,156 | 135,084 | 253,906 | 320,602 |
| Current Deferred Liabilities | 1.8M | 1.6M | 1.4M | 1.6M |
| Current Provisions | 249,212 | 249,212 | 249,212 | 127,656 |
| Finished Goods | 123,024 | 591,477 | 610,254 | 154,073 |
| Long Term Provisions | 59,517 | 61,586 | 71,272 | 192,828 |
| Machinery Furniture Equipment | 116,379 | 110,562 | 98,490 | 88,197 |
| Non Current Deferred Liabilities | 1.4M | 0.00 | -- | -- |
| Non Current Deferred Revenue | 1.4M | 0.00 | -- | -- |
| Other Current Borrowings | 586,575 | 595,192 | 629,456 | 816,207 |
| Other Equity Interest | 161,299 | 161,299 | 161,299 | 97,420 |
| Other Properties | -- | -- | -- | 19,307 |
| Other Receivables | 34,685 | 124,621 | 41,658 | 53,978 |
| Properties | 0.00 | 0.00 | -- | -- |
| Restricted Cash | 40,250 | 28,750 | 28,750 | 17,250 |
| Taxes Receivable | -- | -- | -- | 0.00 |
| Total Tax Payable | 104,285 | 61,720 | 18,440 | 17,886 |
| Work In Process | -- | 0.00 | 78,984 | 918.00 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -1.4M | -654,461 | -1.6M | 1.0M |
| Cash Flow From Continuing Operating Activities | -1.4M | -654,461 | -1.6M | 1.0M |
| Depreciation And Amortization | 106,492 | 13,661 | 14,274 | 30,335 |
| Depreciation Amortization Depletion | 106,492 | 13,661 | 14,274 | 30,335 |
| Stock Based Compensation | 232,748 | 195,891 | 0.00 | 139,541 |
| Change In Working Capital | 2.7M | 810,258 | -1.1M | 1.4M |
| Changes In Account Receivables | 200,344 | -252,911 | 225,697 | -57,403 |
| Change In Receivables | 245,272 | -204,262 | 292,393 | -329,227 |
| Change In Inventory | 468,543 | 97,761 | -534,247 | 90,400 |
| Change In Payables And Accrued Expense | 324,474 | 734,943 | -610,118 | 736,907 |
| Change In Other Working Capital | 1.6M | 208,654 | -205,967 | 965,179 |
| Other Non Cash Items | 172,870 | 88,567 | -15,054 | 109,313 |
| Capital Expenditure | -5,817 | -12,072 | -10,293 | -19,801 |
| Purchase Of PPE | -5,817 | -12,072 | -10,293 | -19,801 |
| Net PPE Purchase And Sale | -5,817 | -12,072 | -10,293 | -19,576 |
| Sale Of Investment | -- | -- | -- | 0.00 |
| Net Investment Purchase And Sale | -- | -- | -- | 0.00 |
| Investing Cash Flow | -5,817 | -12,072 | -10,293 | -19,576 |
| Cash Flow From Continuing Investing Activities | -5,817 | -12,072 | -10,293 | -19,576 |
| Issuance Of Debt | -- | -- | 0.00 | 40,000 |
| Repayment Of Debt | -74,118 | -80,000 | 0.00 | -250,000 |
| Net Issuance Payments Of Debt | -74,118 | -80,000 | 0.00 | -210,000 |
| Issuance Of Capital Stock | 787,000 | 1.2M | 995,153 | -- |
| Net Common Stock Issuance | 787,000 | 1.2M | 995,153 | 250,000 |
| Financing Cash Flow | 640,317 | 1.0M | 841,385 | -33,476 |
| Cash Flow From Continuing Financing Activities | 640,317 | 1.0M | 841,385 | -33,476 |
| Changes In Cash | -796,812 | 369,612 | -808,819 | 969,897 |
| Beginning Cash Position | 1.3M | 977,910 | 1.8M | 816,832 |
| End Cash Position | 550,710 | 1.3M | 977,910 | 1.8M |
| Free Cash Flow | -1.4M | -666,533 | -1.7M | 1.0M |
| Amortization Cash Flow | 10,944 | 13,661 | 14,274 | 11,028 |
| Amortization Of Intangibles | 10,944 | 13,661 | 14,274 | 11,028 |
| Asset Impairment Charge | 0.00 | 70,173 | 966.00 | 501,822 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 |
| Change In Prepaid Assets | 48,584 | -26,838 | -31,177 | -29,907 |
| Common Stock Issuance | 787,000 | 1.2M | 995,153 | -- |
| Depreciation | 95,548 | 0.00 | 0.00 | 19,307 |
| Gain Loss On Sale Of PPE | -- | -- | 0.00 | -5.00 |
| Interest Paid Cff | -55,315 | -117,698 | -153,768 | -73,476 |
| Long Term Debt Issuance | -- | -- | 0.00 | 250,000 |
| Long Term Debt Payments | -74,118 | 0.00 | 0.00 | -250,000 |
| Net Income From Continuing Operations | -4.6M | -1.8M | -490,351 | -1.1M |
| Net Long Term Debt Issuance | -74,118 | 0.00 | 0.00 | -250,000 |
| Net Other Financing Charges | -17,250 | -16,157 | -- | -- |
| Net Short Term Debt Issuance | 0.00 | -80,000 | 0.00 | 40,000 |
| Operating Gains Losses | -57,600 | -- | -60,710 | -26,515 |
| Provisionand Write Offof Assets | -2,069 | -9,686 | 0.00 | -25,082 |
| Sale Of PPE | -- | -- | 0.00 | 225.00 |
| Short Term Debt Issuance | -- | -- | 0.00 | 40,000 |
| Short Term Debt Payments | 0.00 | -80,000 | 0.00 | -- |