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Goldflare Exploration Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2024Feb 29, 2024 FY 2023Feb 28, 2023 FY 2022Feb 28, 2022 FY 2021Feb 28, 2021
Total Revenue 0.00 0.00 0.00 0.00
Operating Revenue 0.00 0.00 0.00 0.00
Cost Of Revenue 22,570 20,772 18,001 16,832
Gross Profit -22,570 -20,772 -18,001 -16,832
Selling General And Administration 368,845 589,180 615,942 826,286
General And Administrative Expense 328,104 504,253 543,690 756,656
Other Operating Expenses 79,517 85,360 78,076 78,960
Operating Expense 459,065 686,577 707,578 908,840
Operating Income -481,635 -707,349 -725,579 -925,672
EBIT -463,827 -682,838 -727,417 -16,087
Interest Expense 14,268 9,068 7,257 7,580
Interest Expense Non Operating 14,268 9,068 7,257 7,580
Interest Income 21,621 947.00 74.00 73.00
Interest Income Non Operating 21,621 947.00 74.00 73.00
Net Interest Income 7,353 -8,121 -7,183 -7,507
Other Income Expense -3,813 23,564 -1,912 909,512
Other Non Operating Income Expenses -3,795 -3,816 -8,013 --
Special Income Charges -- -- -- 0.00
Gain On Sale Of Security -18.00 27,380 6,101 909,512
Pretax Income -478,095 -691,906 -734,674 -23,667
Tax Provision -184,720 -59,180 -10,455 -122,452
Tax Effect Of Unusual Items -6.95 2,342 86.82 241,021
Net Income From Continuing And Discontinued Operation -293,375 -632,726 -724,219 98,785
Net Income From Continuing Operation Net Minority Interest -293,375 -632,726 -724,219 98,785
Net Income Including Noncontrolling Interests -293,375 -632,726 -724,219 98,785
Net Income Common Stockholders -293,375 -632,726 -724,219 98,785
Net Income -293,375 -632,726 -724,219 98,785
EBITDA -441,257 -662,066 -709,416 745.00
Normalized EBITDA -441,239 -689,446 -715,517 -908,767
Reconciled Depreciation 22,570 20,772 18,001 16,832
Basic EPS 0.00 -0.05 -0.05 0.01
Diluted EPS 0.00 -0.05 -0.05 0.01
Basic Average Shares 20.5M 16.7M 13.5M 11.1M
Diluted Average Shares 20.5M 16.7M 13.5M 11.8M
Total Unusual Items -18.00 27,380 6,101 909,512
Total Unusual Items Excluding Goodwill -18.00 27,380 6,101 909,512
Tax Rate For Calcs 0.39 0.09 0.01 0.27
Normalized Income -293,364 -657,764 -730,233 -569,706
Diluted NI Availto Com Stockholders -293,375 -632,726 -724,219 98,785
Gain On Sale Of Ppe -- -- -- 0.00
Insurance And Claims 17,331 20,005 10,962 6,026
Net Income Continuous Operations -293,375 -632,726 -724,219 98,785
Net Non Operating Interest Income Expense 7,353 -8,121 -7,183 -7,507
Other Gand A 110,753 133,387 125,963 372,674
Other Taxes 4,095 3,869 6,561 1,728
Reconciled Cost Of Revenue 22,570 20,772 18,001 16,832
Rent And Landing Fees -- -- 0.00 14,222
Rent Expense Supplemental -- -- 0.00 14,222
Salaries And Wages 200,020 350,861 406,765 363,734
Selling And Marketing Expense 40,741 84,927 72,252 69,630
Total Expenses 481,635 707,349 725,579 925,672
Line Item FY 2024Feb 29, 2024 FY 2023Feb 28, 2023 FY 2022Feb 28, 2022 FY 2021Feb 28, 2021
Cash And Cash Equivalents 199,976 950,896 582,594 831,776
Cash Cash Equivalents And Short Term Investments 199,976 950,896 582,594 831,776
Cash Equivalents 99,812 741,370 -- --
Cash Financial 100,164 209,526 582,594 831,776
Receivables 7,688 112,547 97,394 106,576
Prepaid Assets 62,399 8,181 8,430 9,358
Current Assets 270,063 1.1M 688,418 947,710
Gross PPE 3.5M 2.7M 1.6M 843,979
Accumulated Depreciation -14,507 -10,428 -5,931 -2,812
Net PPE 3.5M 2.7M 1.6M 841,167
Investments And Advances 2.00 20.00 344,274 834,710
Other Non Current Assets -- 414,879 231,422 155,141
Total Non Current Assets 3.5M 2.7M 2.1M 1.8M
Total Assets 3.8M 3.8M 2.8M 2.8M
Current Debt And Capital Lease Obligation 22,730 22,730 14,420 12,869
Payables And Accrued Expenses 44,696 182,290 93,528 70,027
Other Current Liabilities -- 103,720 -- 10,455
Current Liabilities 67,426 308,740 107,948 93,351
Long Term Debt And Capital Lease Obligation 131,808 144,220 89,930 104,877
Long Term Capital Lease Obligation 131,808 144,220 89,930 104,877
Total Non Current Liabilities Net Minority Interest 131,808 144,220 89,930 104,877
Total Liabilities Net Minority Interest 199,234 452,960 197,878 198,228
Common Stock 24.3M 23.8M 22.5M 21.9M
Capital Stock 24.3M 23.8M 22.5M 21.9M
Additional Paid In Capital 7.2M 7.2M 7.1M 6.9M
Retained Earnings -28.1M -27.8M -27.1M -26.3M
Common Stock Equity 3.6M 3.3M 2.6M 2.6M
Stockholders Equity 3.6M 3.3M 2.6M 2.6M
Total Equity Gross Minority Interest 3.6M 3.3M 2.6M 2.6M
Total Capitalization 3.6M 3.3M 2.6M 2.6M
Net Tangible Assets 3.6M 3.3M 2.6M 2.6M
Tangible Book Value 3.6M 3.3M 2.6M 2.6M
Working Capital 202,637 762,884 580,470 854,359
Invested Capital 3.6M 3.3M 2.6M 2.6M
Total Debt 154,538 166,950 104,350 117,746
Share Issued 22.6M 19.4M 15.1M 12.7M
Ordinary Shares Number 22.6M 19.4M 15.1M 12.7M
Accrued Interest Receivable 618.00 3,481 0.00 --
Capital Lease Obligations 154,538 166,950 104,350 117,746
Current Capital Lease Obligation 22,730 22,730 14,420 12,869
Financial Assets Designatedas Fair Value Through Profitor Loss Total 2.00 20.00 344,274 834,710
Investmentin Financial Assets 2.00 20.00 344,274 834,710
Leases 152,146 170,637 109,292 115,334
Machinery Furniture Equipment 21,068 21,068 18,308 12,220
Other Equity Interest 214,045 114,839 62,282 99,311
Other Properties 3.4M 2.5M 1.4M 716,425
Other Receivables -- -- 5,084 --
Taxes Receivable 7,070 109,066 92,310 106,576
Trading Securities -- 20.00 344,274 834,710
Line Item FY 2024Feb 29, 2024 FY 2023Feb 28, 2023 FY 2022Feb 28, 2022 FY 2021Feb 28, 2021
Operating Cash Flow -375,673 -669,719 -507,702 -763,467
Cash Flow From Continuing Operating Activities -375,673 -669,719 -507,702 -763,467
Depreciation And Amortization 22,570 20,772 18,001 16,832
Depreciation Amortization Depletion 22,570 20,772 18,001 16,832
Stock Based Compensation 8,400 79,550 144,200 192,500
Deferred Tax -184,720 -59,180 -10,455 -122,452
Deferred Income Tax -184,720 -59,180 -10,455 -122,452
Change In Working Capital 58,861 -57,587 55,837 -44,000
Change In Receivables 101,996 -49,150 46,660 -12,063
Change In Payables And Accrued Expense 11,083 -8,686 8,249 -28,016
Other Non Cash Items 12,573 356.00 8,934 -905,132
Capital Expenditure -1.0M -965,582 -768,789 -5,206
Purchase Of PPE -1.0M -965,582 -768,789 -5,206
Net PPE Purchase And Sale -1.0M -965,582 -768,789 -5,206
Sale Of Investment 0.00 365,158 485,540 268,602
Net Investment Purchase And Sale 0.00 365,158 485,540 268,602
Investing Cash Flow -1.0M -562,946 -359,530 456,260
Cash Flow From Continuing Investing Activities -1.0M -562,946 -359,530 456,260
Repayment Of Debt -22,122 -18,857 -17,434 -16,800
Net Issuance Payments Of Debt -22,122 -18,857 -17,434 -16,800
Issuance Of Capital Stock 685,000 1.4M 657,870 726,500
Repurchase Of Capital Stock -- 0.00 -5,000 0.00
Net Common Stock Issuance 685,000 1.4M 652,870 726,500
Common Stock Payments -- 0.00 -5,000 0.00
Financing Cash Flow 633,142 1.4M 618,050 693,200
Cash Flow From Continuing Financing Activities 633,142 1.4M 618,050 693,200
Changes In Cash -750,920 136,880 -249,182 385,993
Beginning Cash Position 950,896 814,016 831,776 445,783
End Cash Position 199,976 950,896 582,594 831,776
Free Cash Flow -1.4M -1.6M -1.3M -768,673
Change In Prepaid Assets -54,218 249.00 928.00 -3,921
Common Stock Issuance 685,000 1.4M 657,870 726,500
Depreciation 22,570 20,772 18,001 16,832
Long Term Debt Payments -22,122 -18,857 -17,434 -16,800
Net Income From Continuing Operations -293,375 -632,726 -724,219 98,785
Net Long Term Debt Issuance -22,122 -18,857 -17,434 -16,800
Net Other Financing Charges -29,736 -61,380 -17,386 -16,500
Net Other Investing Changes -- 37,478 -76,281 192,864
Sale Of PPE -- -- -- 0.00
Unrealized Gain Loss On Investment Securities 18.00 -20,904 -- --
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