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Frequency Exchange 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 FY 2021Oct 31, 2021
Total Revenue 1.0M 829,700 699,092 845,488 --
Operating Revenue 1.0M 829,700 699,092 845,488 --
Cost Of Revenue 333,770 315,563 264,324 521,994 --
Gross Profit 713,839 514,137 434,768 323,494 --
Selling General And Administration 1.3M 1.4M 2.0M 691,362 --
General And Administrative Expense 996,827 841,869 1.5M 461,691 --
Research And Development 1,843 65,191 272,869 17,735 --
Depreciation And Amortization In Income Statement 32,062 35,148 32,652 16,531 --
Other Operating Expenses 497,522 419,980 530,908 217,221 --
Operating Expense 1.9M 1.9M 2.8M 949,994 --
Operating Income -1.1M -1.4M -2.4M -626,500 --
EBIT -1.1M -1.4M -4.8M -612,700 --
Interest Expense 44,404 53,430 98,821 164,886 --
Interest Expense Non Operating 44,404 53,430 98,821 164,886 --
Interest Income 6,996 28,103 16,908 13,800 --
Interest Income Non Operating 6,996 28,103 16,908 13,800 --
Net Interest Income -37,408 -25,327 -81,913 -151,086 --
Other Income Expense -3,150 12,600 -2.4M -- --
Special Income Charges -3,150 12,600 -2.4M 0.00 --
Restructuring And Mergern Acquisition -- 0.00 2.4M 0.00 --
Pretax Income -1.2M -1.4M -4.9M -777,586 --
Tax Effect Of Unusual Items 0.00 0.00 0.00 0.00 --
Net Income From Continuing And Discontinued Operation -1.2M -1.4M -4.9M -777,586 --
Net Income From Continuing Operation Net Minority Interest -1.2M -1.4M -4.9M -777,586 --
Net Income Including Noncontrolling Interests -1.2M -1.4M -4.9M -777,586 --
Net Income Common Stockholders -1.2M -1.4M -4.9M -777,586 --
Net Income -1.2M -1.4M -4.9M -777,586 --
EBITDA -1.1M -1.3M -4.7M -596,169 --
Normalized EBITDA -1.1M -1.4M -2.3M -596,169 --
Reconciled Depreciation 32,062 35,148 32,652 16,531 --
Basic EPS -0.03 -0.04 -0.14 -0.02 --
Diluted EPS -0.03 -0.04 -0.14 -0.02 --
Basic Average Shares 44.3M 38.4M 35.3M 36.6M --
Diluted Average Shares 44.3M 38.4M 35.3M 36.6M --
Total Unusual Items -3,150 12,600 -2.4M 0.00 --
Total Unusual Items Excluding Goodwill -3,150 12,600 -2.4M 0.00 --
Tax Rate For Calcs 0.00 0.00 0.00 0.00 --
Normalized Income -1.2M -1.4M -2.5M -777,586 --
Amortization -- 31,308 -- -- --
Amortization Of Intangibles Income Statement -- 31,308 -- -- --
Depreciation Amortization Depletion Income Statement 32,062 35,148 32,652 16,531 --
Depreciation Income Statement -- 3,840 -- -- --
Diluted NI Availto Com Stockholders -1.2M -1.4M -4.9M -777,586 --
Net Income Continuous Operations -1.2M -1.4M -4.9M -777,586 --
Net Non Operating Interest Income Expense -37,408 -25,327 -81,913 -151,086 --
Other Gand A 455,586 383,621 542,280 168,689 --
Other Special Charges 3,150 -12,600 -- -- --
Provision For Doubtful Accounts 0.00 1,566 0.00 7,145 --
Reconciled Cost Of Revenue 333,770 315,563 264,324 521,994 --
Salaries And Wages 541,241 458,248 948,892 293,002 --
Selling And Marketing Expense 326,285 573,211 496,467 229,671 --
Total Expenses 2.2M 2.3M 3.1M 1.5M --
Total Operating Income As Reported -1.1M -1.4M -2.4M -784,241 --
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021 FY 2021Oct 31, 2021
Cash And Cash Equivalents 335,630 131,898 958,761 173,889 --
Cash Cash Equivalents And Short Term Investments 335,630 131,898 958,761 173,889 --
Cash Financial 335,630 131,898 958,761 173,889 --
Accounts Receivable 11,158 4,156 0.00 3,861 --
Receivables 75,407 14,665 51,112 3,861 --
Inventory 41,910 87,065 200,507 114,605 --
Prepaid Assets 49,598 5,575 24,401 49,448 --
Current Assets 502,545 239,203 1.2M 341,803 --
Gross PPE 15,350 11,390 36,198 47,588 --
Accumulated Depreciation -11,885 -11,390 -32,358 -27,405 --
Net PPE 3,465 0.00 3,840 20,183 --
Goodwill And Other Intangible Assets 98,409 126,879 158,187 24,496 --
Other Intangible Assets 98,409 126,879 158,187 24,496 --
Total Non Current Assets 101,874 126,879 162,027 60,804 --
Total Assets 604,419 366,082 1.4M 402,607 --
Current Debt 596,684 552,247 725,052 573,030 --
Current Debt And Capital Lease Obligation 596,684 552,247 729,732 590,690 --
Accounts Payable 346,845 207,754 163,153 73,707 --
Payables 386,746 251,018 197,882 1.6M --
Payables And Accrued Expenses 386,746 251,018 197,882 1.6M --
Current Deferred Revenue 13,924 37,063 135,156 114,903 --
Other Current Liabilities -- -- -- -- 110,500
Current Liabilities 997,354 840,328 1.1M 2.4M --
Long Term Debt 51,343 48,226 -- 51,976 --
Long Term Debt And Capital Lease Obligation 51,343 48,226 0.00 56,388 --
Long Term Capital Lease Obligation -- -- 0.00 4,412 --
Total Non Current Liabilities Net Minority Interest 51,343 48,226 0.00 56,388 --
Total Liabilities Net Minority Interest 1.0M 888,554 1.1M 2.4M --
Common Stock 7.4M 6.6M 6.4M 100.00 --
Capital Stock 7.4M 6.6M 6.4M 100.00 --
Retained Earnings -9.6M -8.4M -7.0M -2.1M --
Gains Losses Not Affecting Retained Earnings -- -- -- -- 51,803
Common Stock Equity -444,278 -522,472 334,038 -2.0M --
Stockholders Equity -444,278 -522,472 334,038 -2.0M --
Total Equity Gross Minority Interest -444,278 -522,472 334,038 -2.0M --
Total Capitalization -392,935 -474,246 334,038 -2.0M --
Net Tangible Assets -542,687 -649,351 175,851 -2.0M --
Tangible Book Value -542,687 -649,351 175,851 -2.0M --
Working Capital -494,809 -601,125 172,011 -2.0M --
Invested Capital 203,749 78,001 1.1M -1.4M --
Total Debt 648,027 600,473 729,732 647,078 --
Net Debt 312,397 468,575 -- 451,117 --
Share Issued 47.3M 41.5M 36.8M 36.6M --
Ordinary Shares Number 47.3M 41.5M 36.8M 36.6M --
Capital Lease Obligations -- 0.00 4,680 22,072 --
Current Capital Lease Obligation -- 0.00 4,680 17,660 --
Current Deferred Liabilities 13,924 37,063 135,156 114,903 --
Duefrom Related Parties Current 39,708 0.00 -- -- --
Dueto Related Parties Current 0.00 18,200 16,553 1.6M --
Finished Goods 41,910 87,065 200,507 114,605 --
Leases -- 36,198 36,198 36,198 --
Loans Receivable -- -- -- -- 25,127
Machinery Furniture Equipment 15,350 11,390 11,390 11,390 --
Non Current Deferred Assets -- -- -- -- 93,949
Non Current Prepaid Assets -- -- 0.00 16,125 --
Other Current Borrowings 596,684 552,247 725,052 573,030 --
Other Equity Interest 1.8M 1.3M 957,521 111,994 --
Other Payable 39,901 25,064 18,176 21,295 --
Other Properties -- -- 36,198 36,198 --
Properties -- 0.00 0.00 0.00 --
Taxes Receivable 24,541 10,509 51,112 0.00 --
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021 FY 2021Oct 31, 2021
Operating Cash Flow -676,126 -1.1M -1.5M -426,489 --
Cash Flow From Continuing Operating Activities -676,126 -1.1M -1.5M -426,489 --
Depreciation And Amortization 32,062 35,148 32,652 16,531 --
Depreciation Amortization Depletion 32,062 35,148 32,652 16,531 --
Stock Based Compensation 347,537 109,189 644,845 37,994 --
Change In Working Capital 77,978 134,792 196,757 114,264 --
Change In Receivables -21,034 34,881 -47,251 66,448 --
Change In Inventory 45,155 113,442 -85,902 -114,364 --
Change In Payables And Accrued Expense 153,928 64,089 94,156 108,264 --
Change In Payable 153,928 64,089 94,156 108,264 --
Change In Other Working Capital -81,047 -96,446 25,694 103,364 --
Other Non Cash Items 44,404 29,056 2.5M 175,163 --
Capital Expenditure -7,057 -- -150,000 -2,636 --
Purchase Of PPE -3,960 0.00 0.00 -2,636 --
Net PPE Purchase And Sale -3,960 0.00 0.00 -2,636 --
Investing Cash Flow -7,057 0.00 -150,000 -2,636 --
Cash Flow From Continuing Investing Activities -7,057 0.00 -150,000 -2,636 --
Issuance Of Debt -- -- 0.00 480,200 --
Repayment Of Debt 0.00 -137,951 -19,000 -19,000 --
Net Issuance Payments Of Debt 0.00 -137,951 -19,000 461,200 --
Issuance Of Capital Stock 738,077 473,817 2.5M 0.00 --
Net Common Stock Issuance 738,077 473,817 2.5M 0.00 --
Financing Cash Flow 886,915 298,941 2.4M 461,200 --
Cash Flow From Continuing Financing Activities 886,915 298,941 2.4M 461,200 --
Changes In Cash 203,732 -826,863 784,872 32,075 --
Beginning Cash Position 131,898 958,761 173,889 141,814 --
End Cash Position 335,630 131,898 958,761 173,889 --
Free Cash Flow -683,183 -1.1M -1.6M -429,125 --
Amortization Cash Flow -- 31,308 -- -- --
Amortization Of Intangibles -- 31,308 -- -- --
Cash Dividends Paid 0.00 0.00 0.00 -- --
Change In Account Payable 153,928 64,089 40,042 -14,896 --
Change In Prepaid Assets -19,024 18,826 210,060 -49,448 --
Common Stock Issuance 738,077 473,817 2.5M 0.00 --
Depreciation -- 3,840 -- -- --
Interest Paid Cff 0.00 -32,964 0.00 -- --
Long Term Debt Issuance -- -- 0.00 60,000 --
Long Term Debt Payments 0.00 -4,750 -19,000 -19,000 --
Net Income From Continuing Operations -1.2M -1.4M -4.9M -777,586 --
Net Intangibles Purchase And Sale -3,097 0.00 -150,000 0.00 --
Net Long Term Debt Issuance 0.00 -4,750 -19,000 41,000 --
Net Other Financing Charges 75,673 -3,961 -91,331 -- 110,500
Net Other Investing Changes -- -- -- -- -119,076
Net Short Term Debt Issuance 0.00 -133,201 0.00 420,200 --
Operating Gains Losses 3,150 -- -- -- --
Proceeds From Stock Option Exercised 73,165 0.00 -- -- --
Provisionand Write Offof Assets 0.00 1,566 0.00 7,145 --
Purchase Of Intangibles -- -- -150,000 0.00 --
Short Term Debt Issuance -- -- 0.00 420,200 --
Short Term Debt Payments 0.00 -133,201 0.00 -- --
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