Eddy Smart Home Solutions Ltd.
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 | 3.8M | 3.4M | 2.6M | 0.00 |
| Operating Revenue | 3.8M | 3.4M | 2.6M | 0.00 |
| Cost Of Revenue | 1.8M | 2.0M | 1.1M | -- |
| Gross Profit | 2.0M | 1.4M | 1.4M | -- |
| Selling General And Administration | 5.0M | 7.2M | 11.1M | 297,919 |
| General And Administrative Expense | 4.4M | 6.8M | 10.6M | 297,919 |
| Depreciation And Amortization In Income Statement | 37,180 | 471,099 | 444,773 | -- |
| Other Operating Expenses | 65,619 | 172,258 | 208,563 | -- |
| Operating Expense | 5.2M | 7.9M | 11.8M | 297,919 |
| Operating Income | -3.1M | -6.4M | -10.4M | -297,919 |
| EBIT | -3.3M | -9.8M | -11.7M | -297,919 |
| Interest Expense | 392,052 | 761,726 | 129,174 | -- |
| Interest Expense Non Operating | 392,052 | 761,726 | 129,174 | -- |
| Interest Income | 20,177 | 21,366 | 27,828 | -- |
| Interest Income Non Operating | 20,177 | 21,366 | 27,828 | -- |
| Net Interest Income | -371,875 | -755,745 | -45,266 | -- |
| Other Income Expense | -133,853 | -3.4M | -1.4M | -- |
| Special Income Charges | -49,455 | -3.4M | -1.2M | -- |
| Write Off | 49,455 | 430,509 | 48,436 | -- |
| Gain On Sale Of Security | -84,398 | -10,708 | -175,909 | -- |
| Pretax Income | -3.6M | -10.6M | -11.8M | -297,919 |
| Tax Provision | 0.00 | 0.00 | 0.00 | -- |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -3.6M | -10.6M | -11.8M | -297,919 |
| Net Income From Continuing Operation Net Minority Interest | -3.6M | -10.6M | -11.8M | -297,919 |
| Net Income Including Noncontrolling Interests | -3.6M | -10.6M | -11.8M | -297,919 |
| Net Income Common Stockholders | -3.6M | -10.6M | -11.8M | -297,919 |
| Net Income | -3.6M | -10.6M | -11.8M | -297,919 |
| EBITDA | -2.9M | -9.0M | -11.2M | -297,919 |
| Normalized EBITDA | -2.7M | -5.6M | -9.8M | -297,919 |
| Reconciled Depreciation | 381,930 | 810,233 | 519,908 | -- |
| Basic EPS | -1.04 | -13.29 | -16.00 | -0.46 |
| Diluted EPS | -1.04 | -13.29 | -16.00 | -0.46 |
| Basic Average Shares | 3.5M | 795,290 | 741,704 | 652,626 |
| Diluted Average Shares | 3.5M | 795,290 | 741,704 | 652,626 |
| Total Unusual Items | -133,853 | -3.4M | -1.4M | -- |
| Total Unusual Items Excluding Goodwill | -133,853 | -3.4M | -1.4M | -- |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -3.5M | -7.2M | -10.4M | -297,919 |
| Amortization | 0.00 | 291,215 | 253,639 | -- |
| Amortization Of Intangibles Income Statement | 0.00 | 291,215 | 253,639 | -- |
| Depreciation Amortization Depletion Income Statement | 37,180 | 471,099 | 444,773 | -- |
| Depreciation Income Statement | 37,180 | 179,884 | 191,134 | -- |
| Diluted NI Availto Com Stockholders | -3.6M | -10.6M | -11.8M | -297,919 |
| Impairment Of Capital Assets | 0.00 | 3.4M | 224,075 | -- |
| Insurance And Claims | 108,503 | 110,685 | -- | -- |
| Net Income Continuous Operations | -3.6M | -10.6M | -11.8M | -297,919 |
| Net Non Operating Interest Income Expense | -371,875 | -755,745 | -45,266 | -- |
| Other Gand A | 1.2M | 2.2M | 4.4M | 223,894 |
| Other Special Charges | -- | -430,391 | 902,673 | -- |
| Provision For Doubtful Accounts | 82,972 | 26,571 | 78,626 | -- |
| Reconciled Cost Of Revenue | 1.4M | 1.6M | 1.0M | -- |
| Rent Expense Supplemental | 71,950 | 66,000 | 66,000 | -- |
| Salaries And Wages | 3.1M | 4.5M | 6.2M | 74,025 |
| Selling And Marketing Expense | 527,516 | 404,656 | 517,026 | -- |
| Total Expenses | 6.9M | 9.8M | 13.0M | 297,919 |
| Total Operating Income As Reported | -3.2M | -6.9M | -11.4M | -- |
| Total Other Finance Cost | -- | 15,385 | -56,080 | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 340,175 | 1.1M | 450,310 | 462,569 |
| Cash Cash Equivalents And Short Term Investments | 340,175 | 1.1M | 450,310 | 462,569 |
| Cash Financial | 340,175 | 1.1M | 450,310 | 462,569 |
| Accounts Receivable | 1.6M | 1.2M | 2.0M | -- |
| Receivables | 1.6M | 1.2M | 2.0M | -- |
| Inventory | 1.8M | 1.9M | 3.1M | -- |
| Prepaid Assets | 1.0M | 1.5M | 3.3M | -- |
| Current Assets | 4.8M | 5.8M | 8.9M | 462,569 |
| Gross PPE | 165,558 | 186,998 | 890,737 | -- |
| Accumulated Depreciation | -87,020 | -65,362 | -285,220 | -- |
| Net PPE | 78,538 | 121,636 | 605,517 | -- |
| Goodwill | 0.00 | 0.00 | 3.1M | -- |
| Goodwill And Other Intangible Assets | 0.00 | 0.00 | 3.7M | -- |
| Other Intangible Assets | -- | -- | 604,286 | -- |
| Total Non Current Assets | 6.9M | 5.5M | 6.7M | 0.00 |
| Total Assets | 11.7M | 11.3M | 15.6M | 462,569 |
| Current Debt | -- | 6.4M | 2.4M | -- |
| Current Debt And Capital Lease Obligation | -- | 6.4M | 2.5M | -- |
| Accounts Payable | 2.6M | 3.5M | 3.5M | -- |
| Payables | 2.6M | 3.5M | 3.5M | -- |
| Payables And Accrued Expenses | 3.9M | 4.8M | 5.1M | 20,224 |
| Current Accrued Expenses | 1.4M | 1.3M | 1.6M | -- |
| Current Deferred Revenue | 2.5M | 2.0M | 820,693 | -- |
| Current Liabilities | 6.9M | 13.4M | 8.5M | 20,224 |
| Long Term Debt And Capital Lease Obligation | -- | 0.00 | 513,608 | -- |
| Long Term Capital Lease Obligation | -- | 0.00 | 513,608 | -- |
| Total Non Current Liabilities Net Minority Interest | 7.1M | 4.5M | 3.2M | 0.00 |
| Total Liabilities Net Minority Interest | 14.0M | 17.9M | 11.7M | 20,224 |
| Common Stock | 61.4M | 53.5M | 53.5M | 630,988 |
| Capital Stock | 61.4M | 53.5M | 53.5M | 630,988 |
| Additional Paid In Capital | 2.3M | 2.3M | 2.2M | 111,037 |
| Retained Earnings | -66.0M | -62.4M | -51.8M | -299,680 |
| Gains Losses Not Affecting Retained Earnings | 82,133 | 43,558 | 42,487 | -- |
| Other Equity Adjustments | 82,133 | 43,558 | 42,487 | -- |
| Common Stock Equity | -2.3M | -6.6M | 3.9M | 442,345 |
| Stockholders Equity | -2.3M | -6.6M | 3.9M | 442,345 |
| Total Equity Gross Minority Interest | -2.3M | -6.6M | 3.9M | 442,345 |
| Total Capitalization | -2.3M | -6.6M | 3.9M | 442,345 |
| Net Tangible Assets | -2.3M | -6.6M | 281,237 | 442,345 |
| Tangible Book Value | -2.3M | -6.6M | 281,237 | 442,345 |
| Working Capital | -2.1M | -7.6M | 440,892 | 442,345 |
| Invested Capital | -2.3M | -156,954 | 6.3M | 442,345 |
| Total Debt | -- | 6.4M | 3.0M | -- |
| Net Debt | -- | 5.3M | 1.9M | -- |
| Share Issued | 6.1M | 795,286 | 795,286 | 652,626 |
| Ordinary Shares Number | 6.1M | 795,286 | 795,286 | 652,626 |
| Allowance For Doubtful Accounts Receivable | -271,319 | -201,075 | -176,689 | -- |
| Buildings And Improvements | -- | 0.00 | 264,928 | -- |
| Capital Lease Obligations | -- | 0.00 | 635,405 | -- |
| Current Capital Lease Obligation | -- | 0.00 | 121,797 | -- |
| Current Deferred Liabilities | 2.5M | 2.0M | 820,693 | -- |
| Current Provisions | 445,410 | 199,370 | 89,120 | -- |
| Gross Accounts Receivable | 1.9M | 1.4M | 2.2M | -- |
| Inventories Adjustments Allowances | -255,723 | -266,467 | -73,344 | -- |
| Leases | -- | 0.00 | 356,714 | -- |
| Line Of Credit | 0.00 | 6.4M | 2.3M | -- |
| Machinery Furniture Equipment | 165,558 | 186,998 | 267,966 | -- |
| Non Current Deferred Assets | 5.9M | 4.5M | 2.5M | -- |
| Non Current Deferred Liabilities | 7.1M | 4.5M | 2.7M | -- |
| Non Current Deferred Revenue | 7.1M | 4.5M | 2.7M | -- |
| Non Current Prepaid Assets | 870,452 | 928,689 | -- | -- |
| Other Current Borrowings | -- | 40,000 | 80,000 | -- |
| Other Inventories | 1.9M | 2.0M | 2.8M | -- |
| Other Properties | -- | -- | 1,129 | -- |
| Properties | -- | 0.00 | 0.00 | -- |
| Raw Materials | 130,664 | 150,095 | 291,220 | -- |
| Restricted Cash | 66,968 | 58,267 | 56,951 | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -1.9M | -2.4M | -10.3M | -207,931 |
| Cash Flow From Continuing Operating Activities | -1.9M | -2.4M | -10.3M | -207,931 |
| Depreciation And Amortization | 381,930 | 810,233 | 519,908 | -- |
| Depreciation Amortization Depletion | 381,930 | 810,233 | 519,908 | -- |
| Stock Based Compensation | 20,281 | 68,829 | 779,408 | 74,025 |
| Change In Working Capital | 954,572 | 3.2M | -1.3M | 15,963 |
| Changes In Account Receivables | -- | -- | -786,138 | -- |
| Change In Receivables | -415,101 | 831,530 | -786,138 | -- |
| Change In Inventory | 104,290 | 1.2M | -1.3M | -- |
| Change In Payables And Accrued Expense | -594,418 | -274,546 | 1.6M | 15,963 |
| Change In Other Working Capital | 1.3M | 610,433 | 370,701 | -- |
| Other Non Cash Items | 391,129 | 560,212 | 1.2M | -- |
| Capital Expenditure | -- | -11,881 | -140,546 | -- |
| Purchase Of PPE | 0.00 | -11,881 | -140,546 | -- |
| Net PPE Purchase And Sale | 0.00 | -11,881 | -140,546 | -- |
| Sale Of Business | -- | 0.00 | 524,740 | -- |
| Investing Cash Flow | -7,195 | -11,881 | 383,734 | -- |
| Cash Flow From Continuing Investing Activities | -7,195 | -11,881 | 383,734 | -- |
| Issuance Of Debt | 0.00 | 3.4M | 2.2M | -- |
| Repayment Of Debt | -5.6M | -247,132 | -3.2M | -- |
| Net Issuance Payments Of Debt | -5.6M | 3.1M | -948,115 | -- |
| Issuance Of Capital Stock | 6.8M | 0.00 | 12.3M | -- |
| Net Common Stock Issuance | 6.8M | 0.00 | 12.3M | -- |
| Financing Cash Flow | 1.1M | 3.1M | 10.3M | 420,500 |
| Cash Flow From Continuing Financing Activities | 1.1M | 3.1M | 10.3M | 420,500 |
| Effect Of Exchange Rate Changes | 38,575 | 1,071 | 25,372 | -- |
| Changes In Cash | -840,069 | 690,288 | 313,713 | 212,569 |
| Beginning Cash Position | 1.1M | 450,310 | 111,225 | 250,000 |
| End Cash Position | 340,175 | 1.1M | 450,310 | 462,569 |
| Free Cash Flow | -1.9M | -2.4M | -10.5M | -207,931 |
| Amortization Cash Flow | 0.00 | 291,214 | 253,639 | -- |
| Amortization Of Intangibles | 0.00 | 291,214 | 253,639 | -- |
| Asset Impairment Charge | 0.00 | 3.4M | 224,075 | -- |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | -- |
| Change In Prepaid Assets | 532,556 | 868,472 | -1.2M | -- |
| Common Stock Issuance | 6.8M | 0.00 | 12.3M | -- |
| Depreciation | 381,930 | 519,019 | 266,269 | -- |
| Gain Loss On Sale Of PPE | 5,918 | 126,888 | 0.00 | -- |
| Interest Paid Cff | 0.00 | -13,597 | -114,088 | -- |
| Long Term Debt Issuance | -- | -- | 0.00 | -- |
| Long Term Debt Payments | 0.00 | -207,132 | -198,115 | -- |
| Net Business Purchase And Sale | -- | 0.00 | 524,740 | -- |
| Net Foreign Currency Exchange Gain Loss | -582.00 | 159.00 | -- | -- |
| Net Income From Continuing Operations | -3.6M | -10.6M | -11.8M | -297,919 |
| Net Long Term Debt Issuance | 0.00 | -207,132 | -198,115 | -- |
| Net Other Financing Charges | -147,123 | -- | -981,203 | 420,500 |
| Net Other Investing Changes | -7,195 | -1,316 | -460.00 | -- |
| Net Short Term Debt Issuance | -5.6M | 3.4M | -750,000 | -- |
| Operating Gains Losses | 5,336 | 127,047 | -- | -- |
| Proceeds From Stock Option Exercised | -- | -- | 0.00 | -- |
| Short Term Debt Issuance | 0.00 | 3.4M | 2.2M | -- |
| Short Term Debt Payments | -5.6M | -40,000 | -3.0M | -- |