Everyday People Financial Corp.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Jul 31, 2022 | FY 2021Jul 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 57.1M | 37.9M | 0.00 | 13.6M |
| Operating Revenue | 57.1M | 37.9M | 0.00 | 13.6M |
| Cost Of Revenue | 49.1M | 32.9M | -- | 6.3M |
| Gross Profit | 8.0M | 5.0M | -- | 7.3M |
| Selling General And Administration | 5.3M | 4.8M | 90,545 | 8.1M |
| General And Administrative Expense | 5.2M | 4.6M | 90,545 | 8.0M |
| Depreciation And Amortization In Income Statement | 3.4M | 2.5M | -- | 1.5M |
| Other Operating Expenses | 4.0M | 3.2M | -- | 1.8M |
| Operating Expense | 11.9M | 10.6M | 90,545 | 11.5M |
| Operating Income | -3.9M | -5.6M | -90,545 | -4.1M |
| EBIT | -4.2M | -499,000 | -90,545 | -4.2M |
| Interest Expense | 2.5M | 2.0M | -- | 525,228 |
| Interest Expense Non Operating | 2.5M | 2.0M | -- | 525,228 |
| Interest Income | 171,000 | 132,000 | -- | -- |
| Interest Income Non Operating | 171,000 | 132,000 | -- | -- |
| Net Interest Income | -2.9M | -2.3M | -- | -742,663 |
| Other Income Expense | 154,000 | 5.4M | -- | 135,486 |
| Other Non Operating Income Expenses | 1.1M | 1.2M | -- | 106,594 |
| Special Income Charges | -859,000 | 4.1M | -- | -13,137 |
| Restructuring And Mergern Acquisition | 772,000 | -4.9M | -- | 0.00 |
| Write Off | 87,000 | 843,000 | -- | 12,444 |
| Gain On Sale Of Security | -43,000 | 56,000 | -- | 42,029 |
| Earnings From Equity Interest | -- | -- | -- | 0.00 |
| Pretax Income | -6.7M | -2.5M | -90,545 | -4.8M |
| Tax Provision | -34,000 | -583,000 | -- | 177,564 |
| Tax Effect Of Unusual Items | -4,510 | 948,750 | 0.00 | 7,656 |
| Net Income From Continuing And Discontinued Operation | -6.6M | -2.0M | -90,545 | -4.9M |
| Net Income From Continuing Operation Net Minority Interest | -6.6M | -2.0M | -90,545 | -4.9M |
| Net Income Including Noncontrolling Interests | -6.6M | -2.0M | -90,545 | -4.9M |
| Net Income Common Stockholders | -6.6M | -2.0M | -90,545 | -4.9M |
| Net Income | -6.6M | -2.0M | -90,545 | -4.9M |
| EBITDA | -779,000 | 2.0M | -90,545 | -2.7M |
| Normalized EBITDA | 123,000 | -2.2M | -90,545 | -2.7M |
| Reconciled Depreciation | 3.4M | 2.5M | -- | 1.5M |
| Basic EPS | -0.06 | -0.02 | -0.03 | -0.06 |
| Diluted EPS | -0.06 | -0.02 | -0.03 | -0.06 |
| Basic Average Shares | 115.8M | 114.0M | 3.4M | 86.4M |
| Diluted Average Shares | 117.7M | 114.8M | 3.4M | 86.4M |
| Total Unusual Items | -902,000 | 4.1M | -- | 28,892 |
| Total Unusual Items Excluding Goodwill | -902,000 | 4.1M | -- | 28,892 |
| Tax Rate For Calcs | 0.01 | 0.23 | 0.00 | 0.27 |
| Normalized Income | -5.7M | -5.1M | -90,545 | -5.0M |
| Depreciation Amortization Depletion Income Statement | 3.4M | 2.5M | -- | 1.5M |
| Diluted NI Availto Com Stockholders | -6.6M | -2.0M | -90,545 | -4.9M |
| Gain On Sale Of Business | -- | 0.00 | -- | 0.00 |
| Insurance And Claims | 571,000 | 338,000 | -- | 46,126 |
| Net Income Continuous Operations | -6.6M | -2.0M | -90,545 | -4.9M |
| Net Non Operating Interest Income Expense | -2.9M | -2.3M | -- | -742,663 |
| Other Gand A | 3.4M | 3.8M | 90,545 | 1.7M |
| Other Special Charges | -- | -277,335 | -- | 693.00 |
| Other Taxes | -830,000 | 0.00 | -- | -- |
| Provision For Doubtful Accounts | 90,000 | 109,000 | -- | 0.00 |
| Reconciled Cost Of Revenue | 49.1M | 32.9M | -- | 6.3M |
| Rent And Landing Fees | 1.2M | 455,000 | -- | 220,179 |
| Rent Expense Supplemental | 1.2M | 455,000 | -- | 220,179 |
| Salaries And Wages | 23,000 | 16,000 | 0.00 | 6.1M |
| Selling And Marketing Expense | 72,000 | 222,000 | -- | 71,658 |
| Total Expenses | 61.1M | 43.5M | 90,545 | 17.7M |
| Total Operating Income As Reported | -5.1M | -6.2M | -- | -4.8M |
| Total Other Finance Cost | 564,000 | 404,000 | -- | 217,435 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Jul 31, 2022 | FY 2021Jul 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 1.6M | 1.5M | 174,921 | 217,154 |
| Cash Cash Equivalents And Short Term Investments | 1.6M | 1.5M | 174,921 | 217,154 |
| Cash Financial | -- | -- | 174,921 | 217,154 |
| Accounts Receivable | 6.8M | 6.2M | -- | 6.1M |
| Receivables | 7.3M | 7.0M | -- | 6.2M |
| Inventory | 2.1M | 5.3M | -- | 6.5M |
| Prepaid Assets | 1.4M | 2.0M | -- | 471,277 |
| Other Current Assets | 13.3M | 13.3M | -- | -- |
| Current Assets | 25.8M | 29.7M | 174,921 | 217,154 |
| Gross PPE | 10.0M | 7.0M | -- | 2.3M |
| Accumulated Depreciation | -5.3M | -3.6M | -- | -174,784 |
| Net PPE | 4.7M | 3.4M | -- | 2.1M |
| Goodwill | 12.8M | 8.6M | -- | 28.0M |
| Goodwill And Other Intangible Assets | 30.4M | 23.6M | -- | 42.1M |
| Other Intangible Assets | 17.6M | 14.9M | -- | 14.0M |
| Investments And Advances | -- | 654,321 | -- | 1.5M |
| Long Term Equity Investment | -- | 654,321 | -- | 1.5M |
| Other Non Current Assets | 3.0M | 7.4M | -- | 1.7M |
| Total Non Current Assets | 38.1M | 34.4M | 0.00 | 0.00 |
| Total Assets | 63.9M | 64.1M | 174,921 | 217,154 |
| Current Debt | 11.0M | 7.6M | -- | 6.0M |
| Current Debt And Capital Lease Obligation | 11.5M | 8.3M | -- | 6.4M |
| Accounts Payable | 11.1M | 9.7M | -- | 8.0M |
| Payables | 25.4M | 24.7M | -- | 8.5M |
| Payables And Accrued Expenses | 25.4M | 24.7M | 68,142 | 19,830 |
| Current Deferred Revenue | -- | 427,391 | -- | 349,488 |
| Other Current Liabilities | 245,000 | 674,000 | -- | -- |
| Current Liabilities | 37.1M | 33.7M | 68,142 | 19,830 |
| Long Term Debt | 7.8M | 10.5M | -- | 1.7M |
| Long Term Debt And Capital Lease Obligation | 10.7M | 12.2M | -- | 3.2M |
| Long Term Capital Lease Obligation | 2.9M | 1.8M | -- | 1.5M |
| Total Non Current Liabilities Net Minority Interest | 20.5M | 20.0M | 0.00 | 0.00 |
| Total Liabilities Net Minority Interest | 57.6M | 53.6M | 68,142 | 19,830 |
| Common Stock | 69.0M | 67.5M | 247,601 | 247,601 |
| Capital Stock | 69.0M | 67.5M | 247,601 | 247,601 |
| Additional Paid In Capital | 1.9M | 1.6M | -- | 113,450 |
| Retained Earnings | -67.3M | -60.7M | -187,945 | -97,400 |
| Gains Losses Not Affecting Retained Earnings | 2.4M | 2.1M | 47,123 | 47,123 |
| Other Equity Adjustments | 2.4M | 2.1M | -- | 1.3M |
| Common Stock Equity | 6.3M | 10.4M | 106,779 | 197,324 |
| Stockholders Equity | 6.3M | 10.4M | 106,779 | 197,324 |
| Total Equity Gross Minority Interest | 6.3M | 10.4M | 106,779 | 197,324 |
| Total Capitalization | 14.1M | 20.9M | 106,779 | 197,324 |
| Net Tangible Assets | -24.1M | -13.1M | 106,779 | 197,324 |
| Tangible Book Value | -24.1M | -13.1M | 106,779 | 197,324 |
| Working Capital | -11.3M | -4.0M | 106,779 | 197,324 |
| Invested Capital | 25.1M | 28.5M | 106,779 | 197,324 |
| Total Debt | 22.2M | 20.6M | -- | 9.5M |
| Net Debt | 17.2M | 16.6M | -- | 5.4M |
| Share Issued | 118.7M | 114.1M | 3.4M | 3.4M |
| Ordinary Shares Number | 118.7M | 114.1M | 3.4M | 3.4M |
| Allowance For Doubtful Accounts Receivable | -215,000 | -132,000 | -- | 0.00 |
| Capital Lease Obligations | 3.4M | 2.5M | -- | 1.9M |
| Current Capital Lease Obligation | 511,000 | 760,000 | -- | 396,642 |
| Current Deferred Liabilities | -- | 427,391 | -- | 349,488 |
| Current Notes Payable | -- | 337,317 | -- | 1.3M |
| Duefrom Related Parties Current | 530,000 | 818,000 | -- | 116,914 |
| Duefrom Related Parties Non Current | -- | 755,717 | -- | 314,637 |
| Dueto Related Parties Current | 608,000 | 1.4M | -- | 4,378 |
| Dueto Related Parties Non Current | 5.9M | 4.8M | -- | 0.00 |
| Finished Goods | 2.1M | 5.3M | -- | -- |
| Gross Accounts Receivable | 7.0M | 6.3M | -- | 6.1M |
| Investmentsin Associatesat Cost | -- | 654,321 | -- | 1.5M |
| Land And Improvements | -- | -- | -- | 264,043 |
| Leases | 547,000 | 429,000 | -- | -- |
| Loans Receivable | -- | 0.00 | -- | 0.00 |
| Machinery Furniture Equipment | 6.3M | 4.5M | -- | 390,598 |
| Non Current Accounts Receivable | -- | 755,717 | -- | 314,637 |
| Non Current Deferred Assets | -- | -- | -- | 461,138 |
| Non Current Deferred Liabilities | 3.9M | 2.9M | -- | 1.7M |
| Non Current Deferred Revenue | -- | 246,611 | -- | 65,710 |
| Non Current Deferred Taxes Assets | -- | -- | -- | 461,138 |
| Non Current Deferred Taxes Liabilities | 3.9M | 2.9M | -- | 1.6M |
| Non Current Note Receivables | -- | 0.00 | -- | 0.00 |
| Other Current Borrowings | 11.0M | 7.6M | -- | 4.6M |
| Other Equity Interest | 390,000 | -- | -- | -- |
| Other Payable | 13.3M | 13.3M | -- | 58,599 |
| Other Properties | 3.2M | 2.1M | -- | 1.6M |
| Other Receivables | -- | 13.3M | -- | -- |
| Properties | 0.00 | 0.00 | -- | 0.00 |
| Restricted Cash | 101,000 | 501,000 | -- | 29,738 |
| Total Tax Payable | 335,000 | 245,000 | -- | 419,645 |
| Tradeand Other Payables Non Current | 0.00 | 0.00 | -- | 0.00 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Jul 31, 2022 | FY 2021Jul 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 6.2M | -5.4M | -42,233 | -364,576 |
| Cash Flow From Continuing Operating Activities | 6.2M | -5.4M | -42,233 | -364,576 |
| Depreciation And Amortization | 3.4M | 2.5M | -- | 1.5M |
| Depreciation Amortization Depletion | 3.4M | 2.5M | -- | 1.5M |
| Stock Based Compensation | 459,000 | 910,000 | 0.00 | 736,951 |
| Deferred Tax | -34,000 | -583,000 | -- | 177,564 |
| Deferred Income Tax | -34,000 | -583,000 | -- | 177,564 |
| Change In Working Capital | 140,000 | 778,000 | 48,312 | 2.0M |
| Changes In Account Receivables | -537,000 | 183,000 | -- | -- |
| Change In Receivables | -537,000 | 183,000 | -- | 0.00 |
| Change In Inventory | -- | -- | -- | 2.0M |
| Change In Payables And Accrued Expense | 1.3M | 1.1M | 48,312 | 14,830 |
| Change In Payable | 1.3M | 1.1M | -- | -- |
| Change In Other Working Capital | -835,000 | -131,000 | -- | -- |
| Change In Other Current Liabilities | -429,000 | 89,000 | -- | -- |
| Other Non Cash Items | 2.9M | -3.4M | -- | 423,561 |
| Capital Expenditure | -788,000 | -75,000 | -- | -405,679 |
| Purchase Of PPE | -788,000 | -37,000 | -- | -105,679 |
| Net PPE Purchase And Sale | -788,000 | -37,000 | -- | -105,679 |
| Purchase Of Business | -4.4M | -- | -- | -- |
| Sale Of Business | -- | 427,000 | -- | 28,217 |
| Purchase Of Investment | -- | -- | -- | -1.1M |
| Net Investment Purchase And Sale | -- | -- | -- | -1.1M |
| Investing Cash Flow | -5.2M | 352,000 | -- | -1.5M |
| Cash Flow From Continuing Investing Activities | -5.2M | 352,000 | -- | -1.5M |
| Issuance Of Debt | 8.8M | 13.7M | -- | 4.8M |
| Repayment Of Debt | -11.2M | -8.0M | -- | -6.0M |
| Net Issuance Payments Of Debt | -2.4M | 5.7M | -- | -1.2M |
| Issuance Of Capital Stock | -- | 0.00 | 0.00 | 4.2M |
| Net Common Stock Issuance | -- | 0.00 | 0.00 | 4.2M |
| Financing Cash Flow | -2.4M | 5.7M | 0.00 | 2.9M |
| Cash Flow From Continuing Financing Activities | -2.4M | 5.7M | 0.00 | 2.9M |
| Effect Of Exchange Rate Changes | 1.1M | -129,000 | -- | -17,686 |
| Changes In Cash | -1.4M | 651,000 | -42,233 | 1.1M |
| Beginning Cash Position | 2.0M | 1.4M | 217,154 | 1.3M |
| End Cash Position | 1.6M | 1.5M | 174,921 | 2.3M |
| Free Cash Flow | 5.4M | -5.5M | -42,233 | -770,255 |
| Amortization Cash Flow | 2.1M | -- | -- | -- |
| Amortization Of Intangibles | 2.1M | -- | -- | -- |
| Asset Impairment Charge | 80,000 | 818,000 | -- | 0.00 |
| Change In Account Payable | 1.3M | 1.1M | -- | -- |
| Change In Prepaid Assets | 667,000 | -448,000 | -- | -- |
| Common Stock Issuance | -- | 0.00 | 0.00 | 4.2M |
| Depreciation | 1.3M | -- | -- | -- |
| Earnings Losses From Equity Investments | 8,000 | 0.00 | -- | 0.00 |
| Gain Loss On Sale Of PPE | 7.6M | -2.9M | -- | -- |
| Interest Paid Cfo | -1.8M | -1.7M | -- | -309,156 |
| Long Term Debt Issuance | 8.8M | 13.7M | -- | 4.8M |
| Long Term Debt Payments | -11.2M | -8.0M | -- | -6.0M |
| Net Business Purchase And Sale | -4.4M | 427,000 | -- | 28,217 |
| Net Income From Continuing Operations | -6.6M | -2.0M | -90,545 | -4.9M |
| Net Intangibles Purchase And Sale | 0.00 | -38,000 | -- | -300,000 |
| Net Long Term Debt Issuance | -2.4M | 5.7M | -- | -1.2M |
| Net Other Financing Charges | -- | -- | -- | -96,287 |
| Net Short Term Debt Issuance | -- | -- | -- | -310,641 |
| Operating Gains Losses | 7.6M | -2.9M | -- | -- |
| Other Cash Adjustment Outside Changein Cash | -101,000 | -501,000 | -- | -- |
| Provisionand Write Offof Assets | 90,000 | 109,000 | -- | 0.00 |
| Purchase Of Intangibles | 0.00 | -38,000 | -- | -300,000 |
| Short Term Debt Issuance | -- | -- | -- | 200,000 |
| Short Term Debt Payments | -- | -- | -- | -510,641 |