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Fortune Bay Corp.

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 2,859 4,072 5,356 5,799
Gross Profit -2,859 -4,072 -5,356 -5,799
Selling General And Administration 930,909 1.2M 1.4M 1.5M
General And Administrative Expense 877,398 1.1M 1.2M 1.2M
Other Operating Expenses 135,237 130,815 178,823 221,139
Operating Expense 1.1M 1.3M 1.6M 1.7M
Operating Income -1.1M -1.3M -1.6M -1.7M
EBIT -1.2M -1.3M -1.5M -1.9M
Interest Expense 109,347 44,377 16,900 21,917
Interest Expense Non Operating 109,347 44,377 16,900 21,917
Interest Income -- -- 0.00 160.00
Interest Income Non Operating -- -- 0.00 160.00
Net Interest Income -109,347 -44,377 -16,900 -21,757
Other Income Expense -85,225 4,101 21,945 -149,070
Other Non Operating Income Expenses 107,904 -- -- --
Special Income Charges 7,476 3,351 21,917 -140,309
Gain On Sale Of Security -200,605 750.00 28.00 -8,761
Pretax Income -1.3M -1.3M -1.6M -1.9M
Tax Provision 225,926 43,498 -193,769 -72,258
Tax Effect Of Unusual Items -28,969 1,640 2,717 -5,669
Net Income From Continuing And Discontinued Operation -1.5M -1.4M -1.4M -1.8M
Net Income From Continuing Operation Net Minority Interest -1.5M -1.4M -1.4M -1.8M
Net Income Including Noncontrolling Interests -1.5M -1.4M -1.4M -1.8M
Net Income Common Stockholders -1.5M -1.4M -1.4M -1.8M
Net Income -1.5M -1.4M -1.4M -1.8M
EBITDA -1.2M -1.3M -1.5M -1.9M
Normalized EBITDA -958,242 -1.3M -1.6M -1.7M
Reconciled Depreciation 2,859 4,072 5,356 5,799
Basic EPS -0.03 -0.03 -0.03 -0.05
Diluted EPS -0.03 -0.03 -0.03 -0.05
Basic Average Shares 47.1M 43.4M 42.9M 33.6M
Diluted Average Shares 47.1M 43.4M 42.9M 33.6M
Total Unusual Items -193,129 4,101 21,945 -149,070
Total Unusual Items Excluding Goodwill -193,129 4,101 21,945 -149,070
Tax Rate For Calcs 0.15 0.40 0.12 0.04
Normalized Income -1.3M -1.4M -1.4M -1.7M
Diluted NI Availto Com Stockholders -1.5M -1.4M -1.4M -1.8M
Gain On Sale Of Ppe 7,476 3,351 21,917 0.00
Impairment Of Capital Assets -- -- 0.00 140,309
Net Income Continuous Operations -1.5M -1.4M -1.4M -1.8M
Net Non Operating Interest Income Expense -109,347 -44,377 -16,900 -21,757
Other Gand A 256,915 311,883 300,801 402,769
Reconciled Cost Of Revenue 2,859 4,072 5,356 5,799
Salaries And Wages 620,483 764,735 864,193 820,516
Selling And Marketing Expense 53,511 91,463 220,972 278,967
Total Expenses 1.1M 1.3M 1.6M 1.7M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 456,661 585,157 531,837 6.5M
Cash Cash Equivalents And Short Term Investments 549,994 585,157 531,837 6.5M
Other Short Term Investments 93,333 0.00 -- --
Accounts Receivable 25,964 0.00 -- --
Receivables 42,431 94,529 90,564 76,582
Prepaid Assets 53,121 51,792 91,516 69,098
Current Assets 721,927 731,478 713,917 6.7M
Gross PPE 23.6M 23.5M 23.2M 18.2M
Accumulated Depreciation -216,619 -198,834 -186,193 -140,436
Net PPE 23.4M 23.3M 23.0M 18.1M
Other Non Current Assets 40,847 39,651 38,498 38,425
Total Non Current Assets 23.5M 23.4M 23.0M 18.1M
Total Assets 24.2M 24.1M 23.7M 24.8M
Current Debt 543,935 499,200 -- --
Current Debt And Capital Lease Obligation 543,935 499,200 -- --
Accounts Payable 291,039 131,400 177,404 170,447
Payables 746,495 379,810 198,486 207,134
Payables And Accrued Expenses 746,495 379,810 198,486 207,134
Other Current Liabilities -- -- -- 447,510
Current Liabilities 1.3M 879,010 198,486 654,644
Total Non Current Liabilities Net Minority Interest 920,488 694,562 651,064 397,323
Total Liabilities Net Minority Interest 2.2M 1.6M 849,550 1.1M
Common Stock 15.4M 14.9M 14.4M 14.4M
Capital Stock 15.4M 14.9M 14.4M 14.4M
Additional Paid In Capital 3.7M 3.4M 1.6M 783,054
Retained Earnings 2.6M 4.1M 5.5M 6.8M
Common Stock Equity 22.0M 22.5M 22.9M 23.8M
Stockholders Equity 22.0M 22.5M 22.9M 23.8M
Total Equity Gross Minority Interest 22.0M 22.5M 22.9M 23.8M
Total Capitalization 22.0M 22.5M 22.9M 23.8M
Net Tangible Assets 22.0M 22.5M 22.9M 23.8M
Tangible Book Value 22.0M 22.5M 22.9M 23.8M
Working Capital -568,503 -147,532 515,431 6.0M
Invested Capital 22.5M 23.0M 22.9M 23.8M
Total Debt 543,935 499,200 -- --
Net Debt 87,274 -- -- --
Share Issued 48.7M 46.0M 42.9M 42.9M
Ordinary Shares Number 48.7M 46.0M 42.9M 42.9M
Dueto Related Parties Current 455,456 248,410 21,082 36,687
Machinery Furniture Equipment 64,457 64,457 64,457 59,940
Non Current Deferred Liabilities 920,488 694,562 651,064 397,323
Non Current Deferred Taxes Liabilities 920,488 694,562 651,064 397,323
Other Current Borrowings 543,935 499,200 -- --
Other Equity Interest 298,243 191,517 1.4M 1.7M
Other Properties 23.6M 23.5M 23.1M 18.2M
Restricted Cash 76,381 0.00 -- --
Taxes Receivable 16,467 94,529 90,564 76,582
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow -511,479 -695,148 -1.2M -1.6M
Cash Flow From Continuing Operating Activities -511,479 -695,148 -1.2M -1.6M
Depreciation And Amortization 2,859 4,072 5,356 5,799
Depreciation Amortization Depletion 2,859 4,072 5,356 5,799
Stock Based Compensation 305,188 383,108 447,346 340,127
Deferred Tax 225,926 43,498 -193,769 -72,258
Deferred Income Tax 225,926 43,498 -193,769 -72,258
Change In Working Capital 225,125 245,067 -21,471 -235,613
Changes In Account Receivables -35,611 -3,965 -13,982 -30,635
Change In Receivables -35,611 -3,965 -13,982 -30,635
Change In Payables And Accrued Expense 263,261 210,461 15,002 -176,268
Other Non Cash Items 44,735 19,200 -- --
Capital Expenditure -221,940 -390,920 -4.8M -2.4M
Purchase Of PPE -221,940 -390,920 -4.8M -2.4M
Net PPE Purchase And Sale -209,940 -387,348 -4.8M -2.4M
Investing Cash Flow -209,940 -387,348 -4.8M -2.4M
Cash Flow From Continuing Investing Activities -209,940 -387,348 -4.8M -2.4M
Issuance Of Debt 0.00 480,000 0.00 --
Repayment Of Debt -- -- 0.00 -190,580
Net Issuance Payments Of Debt 0.00 480,000 0.00 -190,580
Issuance Of Capital Stock 592,923 655,816 0.00 5.6M
Net Common Stock Issuance 592,923 655,816 0.00 5.6M
Financing Cash Flow 592,923 1.1M 0.00 7.5M
Cash Flow From Continuing Financing Activities 592,923 1.1M 0.00 7.5M
Changes In Cash -128,496 53,320 -6.0M 3.5M
Beginning Cash Position 585,157 531,837 6.5M 3.0M
End Cash Position 456,661 585,157 531,837 6.5M
Free Cash Flow -733,419 -1.1M -6.0M -4.0M
Asset Impairment Charge -- -- 0.00 140,309
Change In Prepaid Assets -2,525 38,571 -22,491 -28,710
Common Stock Issuance 592,923 655,816 0.00 5.6M
Depreciation 2,859 4,072 5,356 5,799
Gain Loss On Sale Of PPE -7,476 -3,351 -21,917 0.00
Long Term Debt Payments -- -- 0.00 -190,580
Net Income From Continuing Operations -1.5M -1.4M -1.4M -1.8M
Net Long Term Debt Issuance -- -- 0.00 -190,580
Net Short Term Debt Issuance 0.00 480,000 0.00 --
Operating Gains Losses -7,476 -3,351 -21,917 --
Proceeds From Stock Option Exercised -- -- 0.00 2.1M
Sale Of PPE 12,000 3,572 21,917 0.00
Short Term Debt Issuance 0.00 480,000 0.00 --
Unrealized Gain Loss On Investment Securities 181,667 0.00 -- --
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