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Element 29 Resources 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 58,942 39,666 17,762 5,140
Gross Profit -58,942 -39,666 -17,762 -5,140
Selling General And Administration 1.8M 1.7M 3.6M 2.8M
General And Administrative Expense 1.8M 1.7M 3.6M 2.8M
Research And Development 127,170 146,264 263,027 124,136
Operating Expense 1.9M 1.9M 3.9M 2.9M
Operating Income -2.0M -1.9M -3.9M -2.9M
EBIT -7.1M -1.9M -5.2M -2.9M
Interest Expense 8,596 10,263 7,053 0.00
Interest Expense Non Operating 8,596 10,263 7,053 0.00
Interest Income 11,471 21,569 27,702 17,817
Interest Income Non Operating 11,471 21,569 27,702 17,817
Net Interest Income 2,875 11,306 20,649 17,817
Other Income Expense -5.2M -26,520 -1.4M -2,651
Special Income Charges -5.1M -13,942 -1.5M 0.00
Write Off -- 0.00 1.5M 0.00
Gain On Sale Of Security -15,596 -12,578 188,942 -2,651
Pretax Income -7.1M -1.9M -5.2M -2.9M
Tax Effect Of Unusual Items 0.00 0.00 0.00 0.00
Net Income From Continuing And Discontinued Operation -7.1M -1.9M -5.2M -2.9M
Net Income From Continuing Operation Net Minority Interest -7.1M -1.9M -5.2M -2.9M
Net Income Including Noncontrolling Interests -7.1M -1.9M -5.2M -2.9M
Net Income Common Stockholders -7.1M -1.9M -5.2M -2.9M
Net Income -7.1M -1.9M -5.2M -2.9M
EBITDA -7.1M -1.9M -5.2M -2.9M
Normalized EBITDA -1.9M -1.8M -3.9M -2.9M
Reconciled Depreciation 58,942 39,666 17,762 5,140
Basic EPS -0.06 -0.02 -0.07 -0.04
Diluted EPS -0.06 -0.02 -0.07 -0.04
Basic Average Shares 111.1M 92.7M 79.2M 68.7M
Diluted Average Shares 111.1M 92.7M 79.2M 68.7M
Total Unusual Items -5.2M -26,520 -1.4M -2,651
Total Unusual Items Excluding Goodwill -5.2M -26,520 -1.4M -2,651
Tax Rate For Calcs 0.00 0.00 0.00 0.00
Normalized Income -2.0M -1.9M -3.9M -2.9M
Diluted NI Availto Com Stockholders -7.1M -1.9M -5.2M -2.9M
Gain On Sale Of Ppe 0.00 -23,942 0.00 --
Impairment Of Capital Assets 5.1M 0.00 1.5M 0.00
Net Income Continuous Operations -7.1M -1.9M -5.2M -2.9M
Net Non Operating Interest Income Expense 2,875 11,306 20,649 17,817
Other Gand A 741,405 753,002 1.2M 1.1M
Other Special Charges -- -10,000 -- --
Reconciled Cost Of Revenue 58,942 39,666 17,762 5,140
Salaries And Wages 1.1M 964,802 2.4M 1.7M
Total Expenses 2.0M 1.9M 3.9M 2.9M
Total Operating Income As Reported -2.0M -1.9M -3.7M -2.9M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 1.2M 1.2M 1.1M 7.8M
Cash Cash Equivalents And Short Term Investments 1.2M 1.2M 1.1M 7.8M
Cash Financial 1.2M 1.2M 1.1M 7.8M
Accounts Receivable 31,829 32,700 57,535 30,178
Receivables 31,829 32,700 57,535 30,178
Prepaid Assets 113,159 215,791 167,282 58,982
Current Assets 1.3M 1.5M 1.3M 7.9M
Gross PPE 12.0M 14.5M 13.2M 9.9M
Accumulated Depreciation -81,432 -34,228 -22,902 -5,140
Net PPE 12.0M 14.5M 13.2M 9.9M
Total Non Current Assets 12.0M 14.5M 13.2M 9.9M
Total Assets 13.3M 15.9M 14.5M 17.8M
Current Debt -- -- 40,000 40,000
Current Debt And Capital Lease Obligation 13,607 30,148 40,000 40,000
Accounts Payable 445,781 133,256 420,735 751,337
Payables 445,781 133,256 420,735 751,337
Payables And Accrued Expenses 445,781 133,256 420,735 751,337
Current Liabilities 459,388 163,404 460,735 791,337
Long Term Debt And Capital Lease Obligation -- 13,607 -- --
Long Term Capital Lease Obligation 0.00 13,607 0.00 --
Total Non Current Liabilities Net Minority Interest 0.00 13,607 0.00 0.00
Total Liabilities Net Minority Interest 459,388 177,011 460,735 791,337
Common Stock 29.8M 25.8M 21.8M 21.8M
Capital Stock 29.8M 25.8M 21.8M 21.8M
Retained Earnings -20.5M -13.4M -11.4M -6.2M
Gains Losses Not Affecting Retained Earnings 3.6M 3.3M 3.0M 1.4M
Common Stock Equity 12.8M 15.8M 14.1M 17.0M
Stockholders Equity 12.8M 15.8M 14.1M 17.0M
Total Equity Gross Minority Interest 12.8M 15.8M 14.1M 17.0M
Total Capitalization 12.8M 15.8M 14.1M 17.0M
Net Tangible Assets 12.8M 15.8M 14.1M 17.0M
Tangible Book Value 12.8M 15.8M 14.1M 17.0M
Working Capital 875,587 1.3M 868,931 7.2M
Invested Capital 12.8M 15.8M 14.1M 17.1M
Total Debt 13,607 43,755 40,000 40,000
Share Issued 121.4M 106.2M 79.2M 79.2M
Ordinary Shares Number 121.4M 106.2M 79.2M 79.2M
Capital Lease Obligations 13,607 43,755 0.00 --
Current Capital Lease Obligation 13,607 30,148 0.00 --
Non Current Note Receivables -- -- -- 0.00
Other Current Borrowings -- -- 40,000 --
Other Equity Interest -- -- 720,000 --
Other Properties 12.0M 14.5M 13.2M 9.9M
Restricted Cash -- 0.00 25,000 25,000
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow -1.3M -1.9M -2.2M -2.0M
Cash Flow From Continuing Operating Activities -1.3M -1.9M -2.2M -2.0M
Depreciation And Amortization 58,942 39,666 17,762 5,140
Depreciation Amortization Depletion 58,942 39,666 17,762 5,140
Stock Based Compensation 612,229 169,352 1.6M 873,075
Change In Working Capital 97,089 -157,433 -143,904 13,357
Change In Receivables 123,468 -41,015 -121,698 1,885
Change In Payables And Accrued Expense -6,413 -133,759 -8,246 20,372
Other Non Cash Items 2,555 3,091 -- 1,848
Capital Expenditure -2.3M -1.4M -5.2M -3.2M
Purchase Of PPE -2.3M -1.4M -5.2M -3.2M
Net PPE Purchase And Sale -2.3M -1.4M -5.2M -3.2M
Investing Cash Flow -2.3M -1.4M -5.2M -3.2M
Cash Flow From Continuing Investing Activities -2.3M -1.4M -5.2M -3.2M
Issuance Of Debt -- -- -- 0.00
Repayment Of Debt -24,807 -49,105 0.00 --
Net Issuance Payments Of Debt -24,807 -49,105 0.00 0.00
Issuance Of Capital Stock 3.3M 3.7M 0.00 6.9M
Net Common Stock Issuance 3.3M 3.7M 0.00 6.9M
Financing Cash Flow 3.6M 3.4M 720,000 6.8M
Cash Flow From Continuing Financing Activities 3.6M 3.4M 720,000 6.8M
Changes In Cash -38,442 148,580 -6.8M 1.6M
Beginning Cash Position 1.2M 1.1M 7.8M 6.2M
End Cash Position 1.2M 1.2M 1.1M 7.8M
Free Cash Flow -3.6M -3.3M -7.5M -5.2M
Asset Impairment Charge 5.1M 0.00 1.5M 0.00
Cash Dividends Paid -- -- -- 0.00
Change In Prepaid Assets -19,966 17,341 -13,960 -8,900
Common Stock Issuance 3.3M 3.7M 0.00 6.9M
Depreciation 58,942 39,666 17,762 5,140
Gain Loss On Sale Of PPE 0.00 23,942 0.00 --
Interest Paid Cff -- -- -- 0.00
Long Term Debt Issuance -- -- -- 0.00
Long Term Debt Payments -24,807 -49,105 0.00 --
Net Foreign Currency Exchange Gain Loss -70,140 -7,833 7,277 1,108
Net Income From Continuing Operations -7.1M -1.9M -5.2M -2.9M
Net Long Term Debt Issuance -24,807 -49,105 0.00 0.00
Net Other Financing Charges -133,573 -245,944 720,000 -215,472
Net Other Investing Changes -- 25,000 -- -25,000
Operating Gains Losses -70,140 6,109 7,277 1,108
Proceeds From Stock Option Exercised 477,500 0.00 0.00 159,000
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