Great Atlantic Resources Corp.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Feb 28, 2025 | 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 | 95,827 | 229,807 | 250,040 | 166,861 | -- |
| Gross Profit | -95,827 | -229,807 | -250,040 | -166,861 | -- |
| Selling General And Administration | 633,344 | 640,063 | 818,501 | 964,928 | -- |
| General And Administrative Expense | 504,904 | 518,063 | 476,506 | 485,056 | -- |
| Other Operating Expenses | 1.4M | 1.8M | 2.3M | 3.2M | -- |
| Operating Expense | 2.0M | 2.4M | 3.1M | 4.1M | -- |
| Operating Income | -2.1M | -2.7M | -3.4M | -4.3M | -- |
| EBIT | -2.0M | -2.6M | -3.3M | -3.8M | -- |
| Interest Expense | 327,261 | 89,434 | 18,972 | 13,983 | -- |
| Interest Expense Non Operating | 327,261 | 89,434 | 18,972 | 13,983 | -- |
| Net Interest Income | -327,658 | -89,858 | -19,536 | -14,841 | -- |
| Other Income Expense | 94,729 | 55,894 | 110,853 | 536,380 | -- |
| Other Non Operating Income Expenses | 94,034 | 76,000 | 252,104 | 655,562 | -- |
| Special Income Charges | 0.00 | 238.00 | 0.00 | -40,200 | -- |
| Write Off | -- | -- | 0.00 | 40,200 | 0.00 |
| Gain On Sale Of Security | 695.00 | -20,344 | -141,251 | -78,982 | -- |
| Pretax Income | -2.4M | -2.7M | -3.3M | -3.8M | -- |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Net Income From Continuing And Discontinued Operation | -2.4M | -2.7M | -3.3M | -3.8M | -- |
| Net Income From Continuing Operation Net Minority Interest | -2.4M | -2.7M | -3.3M | -3.8M | -- |
| Net Income Including Noncontrolling Interests | -2.4M | -2.7M | -3.3M | -3.8M | -- |
| Net Income Common Stockholders | -2.4M | -2.7M | -3.3M | -3.8M | -- |
| Net Income | -2.4M | -2.7M | -3.3M | -3.8M | -- |
| EBITDA | -2.0M | -2.4M | -3.0M | -3.6M | -- |
| Normalized EBITDA | -2.0M | -2.4M | -2.9M | -3.5M | -- |
| Reconciled Depreciation | 95,827 | 229,807 | 250,040 | 166,861 | -- |
| Basic EPS | -0.04 | -0.05 | -0.09 | -0.17 | -- |
| Diluted EPS | -0.04 | -0.05 | -0.09 | -0.17 | -- |
| Basic Average Shares | 53.3M | 50.1M | 37.5M | 22.6M | -- |
| Diluted Average Shares | 53.3M | 50.1M | 37.5M | 22.6M | -- |
| Total Unusual Items | 695.00 | -20,106 | -141,251 | -119,182 | -- |
| Total Unusual Items Excluding Goodwill | 695.00 | -20,106 | -141,251 | -119,182 | -- |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Normalized Income | -2.4M | -2.7M | -3.1M | -3.7M | -- |
| Diluted NI Availto Com Stockholders | -2.4M | -2.7M | -3.3M | -3.8M | -- |
| Insurance And Claims | 9,611 | 11,439 | 11,801 | 11,359 | -- |
| Net Income Continuous Operations | -2.4M | -2.7M | -3.3M | -3.8M | -- |
| Net Non Operating Interest Income Expense | -327,658 | -89,858 | -19,536 | -14,841 | -- |
| Other Gand A | 495,293 | 506,624 | 464,705 | 473,697 | -- |
| Other Special Charges | -- | -238.00 | -- | -- | -- |
| Reconciled Cost Of Revenue | 95,827 | 229,807 | 250,040 | 166,861 | -- |
| Salaries And Wages | -- | -- | -- | 0.00 | 378,545 |
| Selling And Marketing Expense | 128,440 | 122,000 | 341,995 | 479,872 | -- |
| Total Expenses | 2.1M | 2.7M | 3.4M | 4.3M | -- |
| Total Other Finance Cost | 397.00 | 424.00 | 564.00 | 858.00 | -- |
| Line Item | FY 2025Feb 28, 2025 | FY 2024Feb 29, 2024 | FY 2023Feb 28, 2023 | FY 2022Feb 28, 2022 | FY 2021Feb 28, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 207.00 | 1,459 | 480.00 | 893,817 | -- |
| Cash Cash Equivalents And Short Term Investments | 3,964 | 4,521 | 23,886 | 1.0M | -- |
| Cash Financial | 207.00 | 1,459 | 480.00 | 893,817 | -- |
| Other Short Term Investments | 3,757 | 3,062 | 23,406 | 120,674 | -- |
| Accounts Receivable | 37,663 | 37,663 | 32,063 | 0.00 | -- |
| Receivables | 110,992 | 70,242 | 95,908 | 130,920 | -- |
| Prepaid Assets | -- | 0.00 | 22,702 | 298,590 | 11,939 |
| Current Assets | 114,956 | 74,763 | 142,496 | 1.4M | -- |
| Gross PPE | 294,677 | 381,373 | 1.9M | 1.6M | -- |
| Accumulated Depreciation | -44,742 | -33,626 | -254,099 | -92,955 | -- |
| Net PPE | 249,935 | 347,747 | 1.7M | 1.5M | -- |
| Total Non Current Assets | 249,935 | 347,747 | 1.7M | 1.5M | -- |
| Total Assets | 364,891 | 422,510 | 1.8M | 2.9M | -- |
| Current Debt | 460,306 | 109,196 | -- | -- | -- |
| Current Debt And Capital Lease Obligation | 544,214 | 197,457 | 89,967 | 62,412 | -- |
| Accounts Payable | 1.3M | 1.1M | 715,670 | 112,901 | -- |
| Payables | 3.7M | 2.0M | 741,314 | 116,184 | -- |
| Payables And Accrued Expenses | 3.7M | 2.0M | 741,314 | 116,184 | -- |
| Other Current Liabilities | -- | -- | -- | 173,704 | -- |
| Current Liabilities | 4.3M | 2.2M | 831,281 | 352,300 | -- |
| Long Term Debt And Capital Lease Obligation | 150,859 | 238,024 | 317,541 | 0.00 | -- |
| Long Term Capital Lease Obligation | 150,859 | 238,024 | 317,541 | 0.00 | -- |
| Total Non Current Liabilities Net Minority Interest | 150,859 | 238,024 | 317,541 | 0.00 | -- |
| Total Liabilities Net Minority Interest | 4.4M | 2.4M | 1.1M | 352,300 | -- |
| Common Stock | 27.0M | 26.6M | 26.6M | 25.5M | -- |
| Capital Stock | 27.0M | 26.6M | 26.6M | 25.5M | -- |
| Retained Earnings | -31.6M | -29.6M | -27.1M | -24.1M | -- |
| Common Stock Equity | -4.0M | -2.0M | 651,778 | 2.6M | -- |
| Stockholders Equity | -4.0M | -2.0M | 651,778 | 2.6M | -- |
| Total Equity Gross Minority Interest | -4.0M | -2.0M | 651,778 | 2.6M | -- |
| Total Capitalization | -4.0M | -2.0M | 651,778 | 2.6M | -- |
| Net Tangible Assets | -4.0M | -2.0M | 651,778 | 2.6M | -- |
| Tangible Book Value | -4.0M | -2.0M | 651,778 | 2.6M | -- |
| Working Capital | -4.1M | -2.1M | -688,785 | 1.1M | -- |
| Invested Capital | -3.6M | -1.9M | 651,778 | 2.6M | -- |
| Total Debt | 695,073 | 435,481 | 407,508 | 62,412 | -- |
| Net Debt | 460,099 | 107,737 | -- | -- | -- |
| Share Issued | 57.0M | 50.1M | 50.1M | 28.4M | -- |
| Ordinary Shares Number | 57.0M | 50.1M | 50.1M | 28.4M | -- |
| Capital Lease Obligations | 234,767 | 326,285 | 407,508 | 62,412 | -- |
| Current Capital Lease Obligation | 83,908 | 88,261 | 89,967 | 62,412 | -- |
| Duefrom Related Parties Current | -- | -- | -- | 0.00 | 40,200 |
| Dueto Related Parties Current | 2.4M | 915,126 | 25,644 | 3,283 | -- |
| Machinery Furniture Equipment | 43,570 | 43,570 | 513,905 | 513,905 | -- |
| Other Current Borrowings | 460,306 | 109,196 | -- | -- | -- |
| Other Equity Interest | 636,994 | 949,474 | 1.2M | 1.2M | -- |
| Other Properties | 241,733 | 328,429 | 402,395 | 76,592 | -- |
| Other Receivables | -- | 124.00 | 6,000 | 18,000 | 61,353 |
| Properties | -- | 9,374 | 995,903 | 995,903 | 0.00 |
| Taxes Receivable | 73,329 | 32,455 | 57,845 | 112,920 | -- |
| Line Item | FY 2025Feb 28, 2025 | FY 2024Feb 29, 2024 | FY 2023Feb 28, 2023 | FY 2022Feb 28, 2022 | FY 2021Feb 28, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | -1.5M | -596,068 | -2.3M | -4.3M | -- |
| Cash Flow From Continuing Operating Activities | -1.5M | -596,068 | -2.3M | -4.3M | -- |
| Depreciation And Amortization | 95,827 | 229,807 | 250,040 | 166,861 | -- |
| Depreciation Amortization Depletion | 95,827 | 229,807 | 250,040 | 166,861 | -- |
| Stock Based Compensation | -- | -- | -- | 0.00 | 378,545 |
| Change In Working Capital | 821,851 | 1.8M | 909,682 | -247,671 | -- |
| Change In Receivables | -40,750 | 25,666 | 35,012 | 41,404 | -- |
| Change In Payables And Accrued Expense | 583,872 | 1.5M | 596,050 | -4,257 | -- |
| Change In Payable | 264,372 | 1.5M | 595,577 | -4,257 | -- |
| Change In Other Working Capital | 278,729 | 280,373 | 2,732 | 1,833 | -- |
| Other Non Cash Items | -- | -238.00 | -317,454 | -597,562 | 119,203 |
| Capital Expenditure | -- | -9,374 | -- | -1.5M | -- |
| Purchase Of PPE | 0.00 | -9,374 | 0.00 | -1.5M | -- |
| Net PPE Purchase And Sale | 0.00 | -9,374 | 0.00 | -1.5M | -- |
| Sale Of Investment | -- | 0.00 | 99,768 | 0.00 | 37,218 |
| Net Investment Purchase And Sale | -- | 0.00 | 99,768 | 0.00 | 37,218 |
| Investing Cash Flow | 0.00 | -9,374 | 99,768 | -1.5M | -- |
| Cash Flow From Continuing Investing Activities | 0.00 | -9,374 | 99,768 | -1.5M | -- |
| Issuance Of Debt | 1.4M | 723,300 | 257,150 | -- | -- |
| Repayment Of Debt | -232,534 | -158,879 | -300,405 | -76,330 | -- |
| Net Issuance Payments Of Debt | 1.1M | 564,421 | -43,255 | -76,330 | -- |
| Issuance Of Capital Stock | 272,531 | 0.00 | 1.2M | 5.6M | -- |
| Net Common Stock Issuance | 272,531 | 0.00 | 1.2M | 5.6M | -- |
| Financing Cash Flow | 1.5M | 606,421 | 1.3M | 5.5M | -- |
| Cash Flow From Continuing Financing Activities | 1.5M | 606,421 | 1.3M | 5.5M | -- |
| Changes In Cash | -1,252 | 979.00 | -893,337 | -299,755 | -- |
| Beginning Cash Position | 1,459 | 480.00 | 893,817 | 1.2M | -- |
| End Cash Position | 207.00 | 1,459 | 480.00 | 893,817 | -- |
| Free Cash Flow | -1.5M | -605,442 | -2.3M | -5.8M | -- |
| Asset Impairment Charge | -- | -- | 0.00 | 40,200 | 0.00 |
| Change In Account Payable | 264,372 | 1.5M | 595,577 | -4,257 | -- |
| Change In Accrued Expense | 319,500 | 59,498 | 473.00 | 0.00 | -- |
| Change In Interest Payable | 319,500 | 59,498 | 473.00 | 0.00 | -- |
| Change In Prepaid Assets | 0.00 | 22,702 | 275,888 | -286,651 | -- |
| Common Stock Issuance | 272,531 | 0.00 | 1.2M | 5.6M | -- |
| Depreciation | 95,827 | 229,807 | 250,040 | 166,861 | -- |
| Gain Loss On Investment Securities | -- | -- | -6,549 | -- | -23,238 |
| Long Term Debt Payments | -89,534 | -94,386 | -62,412 | -76,330 | -- |
| Net Income From Continuing Operations | -2.4M | -2.7M | -3.3M | -3.8M | -- |
| Net Long Term Debt Issuance | -89,534 | -94,386 | -62,412 | -76,330 | -- |
| Net Other Financing Charges | -7,900 | 42,000 | 100,500 | -- | -25,000 |
| Net Short Term Debt Issuance | 1.2M | 658,807 | 19,157 | -- | -- |
| Operating Gains Losses | -- | -- | -6,549 | -- | -23,238 |
| Proceeds From Stock Option Exercised | 68,200 | 0.00 | 0.00 | 4,100 | -- |
| Short Term Debt Issuance | 1.4M | 723,300 | 257,150 | -- | -- |
| Short Term Debt Payments | -143,000 | -64,493 | -237,993 | -- | -- |
| Unrealized Gain Loss On Investment Securities | -695.00 | 20,344 | 147,799 | 78,982 | -- |