Forward Water Technologies Corp.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 71,056 | 39,726 | 6,244 | 41,575 |
| Operating Revenue | 71,056 | 39,726 | 6,244 | 41,575 |
| Selling General And Administration | 1.9M | 1.4M | 2.1M | 611,028 |
| General And Administrative Expense | 1.7M | 1.1M | 2.0M | 588,372 |
| Research And Development | 331,554 | 1.0M | 916,579 | 705,761 |
| Depreciation And Amortization In Income Statement | -- | -- | 0.00 | 1,101 |
| Other Operating Expenses | -66,082 | -121,981 | 1.1M | -223,033 |
| Operating Expense | 2.2M | 2.3M | 4.2M | 1.1M |
| Operating Income | -2.1M | -2.3M | -4.2M | -1.1M |
| EBIT | -2.1M | -2.3M | -4.1M | -1.1M |
| Interest Expense | 84,675 | 26,853 | 111,908 | 389,822 |
| Interest Expense Non Operating | 84,675 | 26,853 | 111,908 | 389,822 |
| Interest Income | 666.00 | 528.00 | 1,152 | 1,998 |
| Interest Income Non Operating | 666.00 | 528.00 | 1,152 | 1,998 |
| Net Interest Income | -84,009 | -26,325 | -110,756 | -387,824 |
| Other Income Expense | 11,173 | -2,939 | 95,095 | -59,164 |
| Other Non Operating Income Expenses | 9,048 | 241,287 | 99,266 | 210,294 |
| Special Income Charges | 0.00 | -241,597 | 0.00 | -- |
| Gain On Sale Of Security | 2,125 | -2,629 | -4,171 | -269,458 |
| Pretax Income | -2.2M | -2.3M | -4.2M | -1.5M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -2.2M | -2.3M | -4.2M | -1.5M |
| Net Income From Continuing Operation Net Minority Interest | -2.2M | -2.3M | -4.2M | -1.5M |
| Net Income Including Noncontrolling Interests | -2.2M | -2.3M | -4.2M | -1.5M |
| Net Income Common Stockholders | -2.2M | -2.3M | -4.2M | -1.5M |
| Net Income | -2.2M | -2.3M | -4.2M | -1.5M |
| EBITDA | -2.1M | -2.0M | -3.8M | -754,189 |
| Normalized EBITDA | -2.1M | -1.8M | -3.8M | -484,731 |
| Reconciled Depreciation | 37,920 | 265,355 | 265,252 | 356,259 |
| Basic EPS | -0.20 | -0.20 | -0.50 | -0.30 |
| Diluted EPS | -0.20 | -0.20 | -0.50 | -0.30 |
| Basic Average Shares | 11.2M | 10.6M | 7.8M | 5.4M |
| Diluted Average Shares | 11.2M | 10.6M | 7.8M | 5.4M |
| Total Unusual Items | 2,125 | -244,226 | -4,171 | -269,458 |
| Total Unusual Items Excluding Goodwill | 2,125 | -244,226 | -4,171 | -269,458 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -2.2M | -2.0M | -4.2M | -1.2M |
| Depreciation Amortization Depletion Income Statement | -- | -- | 0.00 | 1,101 |
| Depreciation Income Statement | -- | -- | 0.00 | 1,101 |
| Diluted NI Availto Com Stockholders | -2.2M | -2.3M | -4.2M | -1.5M |
| Gain On Sale Of Ppe | 0.00 | -241,597 | 0.00 | -- |
| Net Income Continuous Operations | -2.2M | -2.3M | -4.2M | -1.5M |
| Net Non Operating Interest Income Expense | -84,009 | -26,325 | -110,756 | -387,824 |
| Other Gand A | 1.7M | 1.1M | 1.6M | 389,438 |
| Salaries And Wages | -- | 584,314 | 369,325 | 198,934 |
| Selling And Marketing Expense | 213,132 | 303,064 | 133,938 | 22,656 |
| Total Expenses | 2.2M | 2.3M | 4.2M | 1.1M |
| Total Operating Income As Reported | -2.2M | -2.4M | -4.2M | -- |
| Line Item | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 73,689 | 969,956 | 3.0M | 147,236 |
| Cash Cash Equivalents And Short Term Investments | 84,892 | 998,020 | 3.0M | 154,736 |
| Cash Financial | 73,689 | 969,956 | 3.0M | 147,236 |
| Other Short Term Investments | 11,203 | 28,064 | 28,064 | 7,500 |
| Accounts Receivable | 71.00 | 9,357 | 300.00 | 0.00 |
| Receivables | 14,742 | 76,974 | 216,837 | 54,350 |
| Prepaid Assets | 130,519 | 55,229 | 374,389 | 85,230 |
| Current Assets | 230,153 | 1.1M | 3.6M | 294,316 |
| Gross PPE | 2.3M | 1.9M | 2.5M | 2.1M |
| Accumulated Depreciation | -973,358 | -935,438 | -1.5M | -1.3M |
| Net PPE | 1.4M | 1.0M | 925,547 | 803,447 |
| Total Non Current Assets | 1.4M | 1.0M | 925,547 | 803,447 |
| Total Assets | 1.6M | 2.1M | 4.6M | 1.1M |
| Current Debt | 408,892 | 336,769 | -- | 2.0M |
| Current Debt And Capital Lease Obligation | 408,892 | 336,769 | -- | 2.0M |
| Accounts Payable | 686,515 | 171,095 | 302,864 | 107,426 |
| Payables | 686,515 | 171,095 | 302,864 | 107,426 |
| Payables And Accrued Expenses | 916,561 | 345,881 | 463,995 | 525,356 |
| Current Accrued Expenses | 230,046 | 174,786 | 161,131 | 417,930 |
| Current Deferred Revenue | 11,524 | 20,572 | -- | -- |
| Other Current Liabilities | 121,743 | -- | -- | 230,880 |
| Current Liabilities | 1.5M | 703,222 | 463,995 | 2.7M |
| Long Term Debt | 31,108 | -- | 317,554 | 264,366 |
| Long Term Debt And Capital Lease Obligation | 31,108 | -- | 317,554 | 264,366 |
| Other Non Current Liabilities | 340,178 | -- | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 371,286 | 0.00 | 579,413 | 625,491 |
| Total Liabilities Net Minority Interest | 1.8M | 703,222 | 1.0M | 3.4M |
| Common Stock | 10.0M | 9.6M | 9.5M | 1.6M |
| Capital Stock | 10.0M | 9.6M | 9.5M | 1.6M |
| Additional Paid In Capital | 4.5M | 2.7M | 2.6M | 2.3M |
| Retained Earnings | -14.9M | -12.7M | -10.4M | -6.2M |
| Common Stock Equity | -244,596 | 1.4M | 3.5M | -2.3M |
| Stockholders Equity | -244,596 | 1.4M | 3.5M | -2.3M |
| Total Equity Gross Minority Interest | -244,596 | 1.4M | 3.5M | -2.3M |
| Total Capitalization | -213,488 | 1.4M | 3.8M | -2.0M |
| Net Tangible Assets | -244,596 | 1.4M | 3.5M | -2.3M |
| Tangible Book Value | -244,596 | 1.4M | 3.5M | -2.3M |
| Working Capital | -1.2M | 427,001 | 3.2M | -2.4M |
| Invested Capital | 195,404 | 1.8M | 3.8M | -19,598 |
| Total Debt | 440,000 | 336,769 | 317,554 | 2.2M |
| Net Debt | 366,311 | -- | -- | 2.1M |
| Share Issued | 11.8M | 10.7M | 10.6M | 10.6M |
| Ordinary Shares Number | 11.8M | 10.7M | 10.6M | 10.6M |
| Construction In Progress | 1.3M | 951,817 | 366,232 | 0.00 |
| Current Deferred Liabilities | 11,524 | 20,572 | -- | -- |
| Current Notes Payable | -- | -- | 0.00 | 500,000 |
| Interest Payable | 30,123 | 0.00 | 0.00 | 187,298 |
| Non Current Deferred Liabilities | -- | 20,572 | 261,859 | 361,125 |
| Non Current Deferred Revenue | -- | 20,572 | 261,859 | 361,125 |
| Other Current Borrowings | 408,892 | 336,769 | -- | 1.5M |
| Other Equity Interest | 155,897 | 1.8M | 1.8M | -- |
| Other Properties | 987,800 | 987,800 | 2.1M | 2.1M |
| Other Receivables | 475.00 | 31,691 | 21,751 | 11,787 |
| Taxes Receivable | 14,196 | 35,926 | 194,786 | 42,563 |
| Line Item | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -997,012 | -1.5M | -2.7M | -199,723 |
| Cash Flow From Continuing Operating Activities | -997,011 | -1.5M | -2.7M | -199,723 |
| Depreciation And Amortization | 37,920 | 265,355 | 265,252 | 356,259 |
| Depreciation Amortization Depletion | 37,920 | 265,355 | 265,252 | 356,259 |
| Stock Based Compensation | 40,594 | 65,809 | 34,678 | 0.00 |
| Change In Working Capital | 954,961 | 340,909 | -415,061 | 528,198 |
| Changes In Account Receivables | -- | 139,863 | -186,491 | 76,563 |
| Change In Receivables | 62,232 | 139,863 | -162,487 | 481,031 |
| Change In Payables And Accrued Expense | 540,558 | -118,114 | 36,585 | 89,406 |
| Change In Other Current Assets | 16,861 | 0.00 | -- | -- |
| Change In Other Current Liabilities | 410,600 | 0.00 | -- | -- |
| Other Non Cash Items | 166,026 | -86,472 | 1.6M | 146,819 |
| Capital Expenditure | -388,998 | -585,585 | -387,352 | -- |
| Purchase Of PPE | -388,998 | -585,585 | -387,352 | 0.00 |
| Net PPE Purchase And Sale | -388,998 | -585,584 | -387,352 | 0.00 |
| Sale Of Business | -- | 0.00 | 455,420 | 0.00 |
| Purchase Of Investment | -- | 0.00 | -20,564 | 0.00 |
| Net Investment Purchase And Sale | -- | 0.00 | -20,564 | 0.00 |
| Investing Cash Flow | -388,998 | -585,584 | 47,504 | 0.00 |
| Cash Flow From Continuing Investing Activities | -388,998 | -585,584 | 47,504 | 0.00 |
| Issuance Of Debt | 100,000 | 0.00 | 0.00 | 60,000 |
| Repayment Of Debt | -- | 0.00 | -500,000 | -50,000 |
| Net Issuance Payments Of Debt | 100,000 | 0.00 | -500,000 | 10,000 |
| Financing Cash Flow | 489,743 | 2,499 | 5.5M | 10,000 |
| Cash Flow From Continuing Financing Activities | 489,743 | 2,499 | 5.5M | 10,000 |
| Changes In Cash | -896,267 | -2.0M | 2.9M | -189,723 |
| Beginning Cash Position | 969,956 | 3.0M | 147,236 | 336,959 |
| End Cash Position | 73,689 | 969,956 | 3.0M | 147,236 |
| Free Cash Flow | -1.4M | -2.0M | -3.0M | -199,723 |
| Change In Prepaid Assets | -75,290 | 319,160 | -289,159 | -42,239 |
| Depreciation | 37,920 | 265,355 | 265,252 | 356,259 |
| Gain Loss On Sale Of PPE | 0.00 | 241,597 | 0.00 | -- |
| Long Term Debt Issuance | 100,000 | 0.00 | 0.00 | 60,000 |
| Long Term Debt Payments | -- | 0.00 | -500,000 | -50,000 |
| Net Business Purchase And Sale | -- | 0.00 | 455,420 | 0.00 |
| Net Income From Continuing Operations | -2.2M | -2.3M | -4.2M | -1.5M |
| Net Long Term Debt Issuance | 100,000 | 0.00 | -500,000 | 10,000 |
| Net Other Financing Charges | 389,743 | -- | 6.0M | -- |
| Operating Gains Losses | -- | 241,597 | -- | -- |
| Proceeds From Stock Option Exercised | 0.00 | 2,499 | 0.00 | -- |
| Sale Of PPE | 0.00 | 1.00 | 0.00 | -- |
| Unrealized Gain Loss On Investment Securities | -- | 0.00 | 13,078 | 269,271 |