Electric Metals (USA) Limited
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 | 1,911 | 1,945 | 1,717 | 85.49 |
| Gross Profit | -1,911 | -1,945 | -1,717 | -85.49 |
| Selling General And Administration | 1.6M | 2.0M | 1.6M | 1.9M |
| General And Administrative Expense | 1.2M | 1.7M | 1.3M | 1.8M |
| Depreciation And Amortization In Income Statement | -- | -- | 2,232 | 109.00 |
| Other Operating Expenses | 194,457 | 434,036 | 312,404 | 172,272 |
| Operating Expense | 1.8M | 2.4M | 1.9M | 2.1M |
| Operating Income | -1.8M | -2.4M | -1.9M | -2.1M |
| EBIT | -6.9M | -2.5M | -1.9M | -3.6M |
| Interest Expense | 6,273 | 15,891 | 9,735 | 16,900 |
| Interest Expense Non Operating | 6,273 | 15,891 | 9,735 | 16,900 |
| Interest Income | 4,573 | 839.00 | 149.00 | 3,116 |
| Interest Income Non Operating | 4,573 | 839.00 | 149.00 | 3,116 |
| Net Interest Income | -1,700 | -15,052 | -9,586 | -13,784 |
| Other Income Expense | -5.1M | -76,125 | -3,637 | -1.5M |
| Special Income Charges | -5.2M | -3,841 | 0.00 | -1.5M |
| Restructuring And Mergern Acquisition | -- | -- | 0.00 | 1.5M |
| Gain On Sale Of Security | 9,695 | -72,284 | -3,637 | -12,968 |
| Pretax Income | -6.9M | -2.5M | -1.9M | -3.6M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -6.9M | -2.5M | -1.9M | -3.6M |
| Net Income From Continuing Operation Net Minority Interest | -6.9M | -2.5M | -1.9M | -3.6M |
| Net Income Including Noncontrolling Interests | -6.9M | -2.5M | -1.9M | -3.6M |
| Minority Interests | 0.00 | 8,544 | 30,346 | 0.00 |
| Net Income Common Stockholders | -6.9M | -2.5M | -1.9M | -3.6M |
| Net Income | -6.9M | -2.5M | -1.9M | -3.6M |
| EBITDA | -6.9M | -2.5M | -1.9M | -3.6M |
| Normalized EBITDA | -1.8M | -2.4M | -1.9M | -2.1M |
| Reconciled Depreciation | 1,911 | 1,945 | 1,717 | 85.49 |
| Basic EPS | -0.05 | -0.02 | -0.03 | -0.06 |
| Diluted EPS | -0.05 | -0.02 | -0.03 | -0.06 |
| Basic Average Shares | 145.0M | 115.0M | 64.4M | 58.8M |
| Diluted Average Shares | 145.0M | 115.0M | 64.4M | 58.8M |
| Total Unusual Items | -5.1M | -76,125 | -3,637 | -1.5M |
| Total Unusual Items Excluding Goodwill | -5.1M | -76,125 | -3,637 | -1.5M |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -1.8M | -2.4M | -1.9M | -2.1M |
| Depreciation Amortization Depletion Income Statement | -- | -- | 2,232 | 109.00 |
| Depreciation Income Statement | -- | -- | 2,232 | 109.00 |
| Diluted NI Availto Com Stockholders | -6.9M | -2.5M | -1.9M | -3.6M |
| Gain On Sale Of Ppe | 0.00 | -3,841 | 0.00 | -- |
| Impairment Of Capital Assets | 5.2M | -- | -- | -- |
| Net Income Continuous Operations | -6.9M | -2.5M | -1.9M | -3.6M |
| Net Non Operating Interest Income Expense | -1,700 | -15,052 | -9,586 | -13,784 |
| Other Gand A | 936,009 | 1.3M | 948,658 | 1.0M |
| Reconciled Cost Of Revenue | 1,911 | 1,945 | 1,717 | 85.49 |
| Rent And Landing Fees | 2,108 | 21,962 | 20,975 | 24,115 |
| Rent Expense Supplemental | 2,108 | 21,962 | 20,975 | 24,115 |
| Salaries And Wages | 247,000 | 455,154 | 319,660 | 738,324 |
| Selling And Marketing Expense | 381,582 | 250,465 | 311,405 | 117,827 |
| Total Expenses | 1.8M | 2.4M | 1.9M | 2.1M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 53,461 | 1.8M | 125,597 | 236,520 |
| Cash Cash Equivalents And Short Term Investments | 151,388 | 1.9M | 125,597 | 236,520 |
| Cash Financial | 53,461 | 1.8M | 125,597 | 236,520 |
| Other Short Term Investments | 97,927 | 101,627 | 0.00 | -- |
| Accounts Receivable | 38,382 | 69,449 | 49,851 | 22,749 |
| Receivables | 38,382 | 69,449 | 49,851 | 22,749 |
| Prepaid Assets | 208,227 | 53,911 | 48,719 | 57,598 |
| Current Assets | 397,997 | 2.0M | 224,167 | 316,867 |
| Gross PPE | 7.2M | 11.7M | 6.7M | 5.0M |
| Net PPE | 7.2M | 11.7M | 6.7M | 5.0M |
| Other Non Current Assets | 96,343 | 96,343 | 96,343 | -- |
| Total Non Current Assets | 7.3M | 11.8M | 6.9M | 5.0M |
| Total Assets | 7.7M | 13.8M | 7.1M | 5.4M |
| Current Debt | -- | 83,774 | 140,535 | 188,416 |
| Current Debt And Capital Lease Obligation | -- | 83,774 | 140,535 | 188,416 |
| Payables And Accrued Expenses | 1.6M | 1.2M | 2.2M | 631,152 |
| Current Liabilities | 1.6M | 1.3M | 2.3M | 819,568 |
| Long Term Debt | -- | -- | -- | 240,234 |
| Long Term Debt And Capital Lease Obligation | -- | -- | -- | 240,234 |
| Total Non Current Liabilities Net Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities Net Minority Interest | 1.6M | 1.3M | 2.3M | 819,568 |
| Common Stock | 21.1M | 20.7M | 10.3M | 8.7M |
| Capital Stock | 21.1M | 20.7M | 10.3M | 8.7M |
| Retained Earnings | -16.8M | -9.9M | -6.5M | -4.6M |
| Gains Losses Not Affecting Retained Earnings | -224,517 | -212,947 | -231,684 | -32,468 |
| Common Stock Equity | 6.1M | 12.5M | 4.1M | 4.5M |
| Stockholders Equity | 6.1M | 12.5M | 4.1M | 4.5M |
| Total Equity Gross Minority Interest | 6.1M | 12.5M | 4.8M | 4.5M |
| Minority Interest | 0.00 | 0.00 | 759,687 | 0.00 |
| Total Capitalization | 6.1M | 12.5M | 4.1M | 4.5M |
| Net Tangible Assets | 6.1M | 12.5M | 4.1M | 4.5M |
| Tangible Book Value | 6.1M | 12.5M | 4.1M | 4.5M |
| Working Capital | -1.2M | 673,966 | -2.1M | -502,700 |
| Invested Capital | 6.1M | 12.6M | 4.2M | 4.7M |
| Total Debt | -- | 83,774 | 140,535 | 188,416 |
| Net Debt | -- | -- | 14,938 | -- |
| Share Issued | 150.5M | 144.7M | 72.8M | 66.0M |
| Ordinary Shares Number | 150.5M | 144.7M | 72.8M | 66.0M |
| Foreign Currency Translation Adjustments | -224,517 | -212,947 | -231,684 | -32,468 |
| Non Current Deferred Assets | -- | 0.00 | 109,933 | 0.00 |
| Other Current Borrowings | -- | 83,774 | 140,535 | 188,416 |
| Other Equity Interest | 2.0M | 1.8M | 539,839 | 470,692 |
| Other Properties | 7.2M | 11.7M | 6.7M | 5.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -1.4M | -2.3M | -1.7M | -1.7M |
| Cash Flow From Continuing Operating Activities | -1.4M | -2.3M | -1.7M | -1.7M |
| Depreciation And Amortization | 1,911 | 1,945 | 1,717 | 85.49 |
| Depreciation Amortization Depletion | 1,911 | 1,945 | 1,717 | 85.49 |
| Stock Based Compensation | 191,796 | 428,476 | 60,349 | 457,152 |
| Change In Working Capital | 160,241 | -171,979 | 192,379 | -261,601 |
| Change In Receivables | 31,067 | -19,598 | -26,973 | 8,630 |
| Change In Payables And Accrued Expense | 283,490 | -147,189 | 210,145 | -236,774 |
| Other Non Cash Items | -3,448 | -557.00 | -- | 1.7M |
| Capital Expenditure | -655,733 | -5.7M | -703,005 | -1.8M |
| Purchase Of PPE | -655,733 | -5.7M | -703,005 | -1.8M |
| Net PPE Purchase And Sale | -655,733 | -5.7M | -703,005 | -1.8M |
| Sale Of Business | -- | -- | 0.00 | 63,560 |
| Purchase Of Investment | -100,858 | -102,962 | 0.00 | -- |
| Sale Of Investment | 103,664 | 0.00 | 0.00 | 159,960 |
| Net Investment Purchase And Sale | 2,806 | -102,962 | 0.00 | 159,960 |
| Investing Cash Flow | -652,927 | -5.8M | -799,348 | -1.6M |
| Cash Flow From Continuing Investing Activities | -652,927 | -5.8M | -799,348 | -1.6M |
| Issuance Of Debt | -- | 0.00 | 790,058 | 6,220 |
| Repayment Of Debt | -80,928 | -55,743 | -37,536 | -196,706 |
| Net Issuance Payments Of Debt | -80,928 | -55,743 | 752,522 | -190,486 |
| Issuance Of Capital Stock | 406,401 | 6.5M | 1.6M | 3.8M |
| Net Common Stock Issuance | 406,401 | 6.5M | 1.6M | 3.8M |
| Financing Cash Flow | 325,473 | 9.7M | 2.3M | 3.6M |
| Cash Flow From Continuing Financing Activities | 325,473 | 9.7M | 2.3M | 3.6M |
| Effect Of Exchange Rate Changes | 27,023 | 21,015 | 41,993 | -- |
| Changes In Cash | -1.7M | 1.6M | -154,263 | 229,356 |
| Beginning Cash Position | 1.8M | 125,597 | 237,867 | 7,164 |
| End Cash Position | 53,461 | 1.8M | 125,597 | 236,520 |
| Free Cash Flow | -2.1M | -8.0M | -2.4M | -3.5M |
| Income Tax Paid Supplemental Data | 0.00 | 0.00 | -- | 0.00 |
| Interest Paid Supplemental Data | 191.00 | 9,139 | 1,227 | 17,026 |
| Asset Impairment Charge | 5.2M | 0.00 | -- | -- |
| Change In Prepaid Assets | -154,316 | -5,192 | 9,207 | -33,458 |
| Common Stock Issuance | 406,401 | 6.5M | 1.6M | 3.8M |
| Depreciation | 1,911 | 1,945 | 1,717 | 85.49 |
| Gain Loss On Sale Of PPE | 0.00 | 3,841 | 0.00 | -- |
| Long Term Debt Issuance | -- | -- | -- | 6,220 |
| Net Business Purchase And Sale | -- | -- | 0.00 | 63,560 |
| Net Income From Continuing Operations | -6.9M | -2.5M | -1.9M | -3.6M |
| Net Long Term Debt Issuance | -- | -- | -- | 6,220 |
| Net Other Financing Charges | -- | -- | -- | -196,706 |
| Net Other Investing Changes | -- | -- | -96,343 | -72,905 |
| Net Short Term Debt Issuance | -80,928 | -55,743 | 752,522 | -190,486 |
| Operating Gains Losses | -- | 3,841 | -- | -- |
| Proceeds From Stock Option Exercised | 0.00 | 3.3M | 0.00 | 12,941 |
| Short Term Debt Issuance | -- | 0.00 | 790,058 | 6,220 |
| Short Term Debt Payments | -80,928 | -55,743 | -37,536 | -196,706 |