SIMPLY SOLVENTLESS CONCENTRATES
Financial Statements (IFRS) · Amounts in CAD
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 | 13.7M | 6.2M | 2.8M | 1.2M |
| Operating Revenue | 20.5M | 7.0M | 2.8M | 1.2M |
| Cost Of Revenue | 12.5M | 2.7M | 2.8M | 1.7M |
| Gross Profit | 1.2M | 3.5M | 38,427 | -508,739 |
| Selling General And Administration | 5.0M | 1.4M | 993,914 | 1.7M |
| General And Administrative Expense | 5.0M | 1.4M | 993,914 | 1.7M |
| Depreciation And Amortization In Income Statement | 250,924 | 48,207 | 229,854 | 77,755 |
| Other Operating Expenses | -- | -12,462 | 184,000 | 6,752 |
| Operating Expense | 5.3M | 1.5M | 1.4M | 1.8M |
| Operating Income | -4.1M | 2.0M | -1.4M | -2.3M |
| EBIT | -4.3M | 1.4M | -1.4M | -2.3M |
| Interest Expense | 1.1M | 337,346 | 314,381 | 3,071 |
| Interest Expense Non Operating | 1.1M | 337,346 | 314,381 | 3,071 |
| Net Interest Income | -1.2M | -337,346 | -314,381 | -3,071 |
| Other Income Expense | -223,450 | -637,701 | -77.00 | -- |
| Other Non Operating Income Expenses | 66,346 | -- | -- | -- |
| Special Income Charges | -270,864 | -626,095 | 0.00 | -- |
| Restructuring And Mergern Acquisition | 270,864 | 1.0M | 0.00 | -- |
| Gain On Sale Of Security | -18,932 | -11,606 | -77.00 | -- |
| Pretax Income | -5.5M | 1.0M | -1.7M | -2.3M |
| Tax Provision | -285,426 | 0.00 | -- | -- |
| Tax Effect Of Unusual Items | -15,094 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -5.2M | 1.0M | -1.7M | -2.3M |
| Net Income From Continuing Operation Net Minority Interest | -5.2M | 1.0M | -1.7M | -2.3M |
| Net Income Including Noncontrolling Interests | -5.2M | 1.0M | -1.7M | -2.3M |
| Net Income Common Stockholders | -5.2M | 1.0M | -1.7M | -2.3M |
| Net Income | -5.2M | 1.0M | -1.7M | -2.3M |
| EBITDA | -4.1M | 1.4M | -1.1M | -2.2M |
| Normalized EBITDA | -3.8M | 2.1M | -1.1M | -2.2M |
| Reconciled Depreciation | 250,924 | 48,206 | 284,407 | 77,755 |
| Basic EPS | -0.08 | 0.03 | -0.03 | -0.05 |
| Diluted EPS | -0.08 | 0.02 | -0.03 | -0.05 |
| Basic Average Shares | 66.9M | 38.7M | 50.5M | 50.5M |
| Diluted Average Shares | 72.8M | 41.7M | 50.5M | 50.5M |
| Total Unusual Items | -289,796 | -637,701 | -77.00 | -- |
| Total Unusual Items Excluding Goodwill | -289,796 | -637,701 | -77.00 | -- |
| Tax Rate For Calcs | 0.05 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -4.9M | 1.7M | -1.7M | -2.3M |
| Depreciation Amortization Depletion Income Statement | 250,924 | 48,207 | 229,854 | 77,755 |
| Diluted NI Availto Com Stockholders | -5.2M | 1.0M | -1.7M | -2.3M |
| Excise Taxes | 6.8M | 781,755 | 0.00 | -- |
| Gain On Sale Of Ppe | 0.00 | 417,814 | 0.00 | -- |
| Net Income Continuous Operations | -5.2M | 1.0M | -1.7M | -2.3M |
| Net Non Operating Interest Income Expense | -1.2M | -337,346 | -314,381 | -3,071 |
| Other Gand A | 3.1M | 756,642 | 701,725 | 723,936 |
| Reconciled Cost Of Revenue | 12.5M | 2.7M | 2.7M | 1.7M |
| Rent And Landing Fees | -- | 0.00 | 3,012 | 3,670 |
| Rent Expense Supplemental | -- | 0.00 | 3,012 | 3,670 |
| Salaries And Wages | 1.9M | 688,801 | 289,177 | 1.0M |
| Selling And Marketing Expense | -- | -- | 7,850 | 42,568 |
| Total Expenses | 17.8M | 4.2M | 4.2M | 3.5M |
| Total Operating Income As Reported | -4.1M | 2.0M | -1.4M | -2.3M |
| Total Other Finance Cost | 40,124 | 337,346 | 314,381 | 3,071 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 1.9M | 80,879 | 232,684 | 155,221 |
| Cash Cash Equivalents And Short Term Investments | 1.9M | 80,879 | 232,684 | 155,221 |
| Accounts Receivable | 3.8M | 536,838 | 567,947 | 1.2M |
| Receivables | 3.9M | 531,880 | 462,058 | 1.2M |
| Inventory | 16.1M | 7.7M | 2.5M | 1.2M |
| Prepaid Assets | 1.4M | 85,083 | 192,879 | 281,600 |
| Other Current Assets | -- | -- | 34,844 | -- |
| Current Assets | 23.3M | 8.4M | 3.5M | 2.9M |
| Gross PPE | 6.4M | 2.1M | 7.6M | 692,686 |
| Accumulated Depreciation | -2.9M | -343,072 | -323,721 | -73,667 |
| Net PPE | 3.5M | 1.8M | 7.3M | 619,019 |
| Goodwill And Other Intangible Assets | 11.8M | 0.00 | -- | -- |
| Other Intangible Assets | 11.8M | -- | -- | -- |
| Other Non Current Assets | 63,970 | 63,970 | -- | -- |
| Total Non Current Assets | 15.3M | 1.8M | 7.3M | 619,019 |
| Total Assets | 38.6M | 10.2M | 10.7M | 3.5M |
| Current Debt | 8.1M | 313,678 | -- | -- |
| Current Debt And Capital Lease Obligation | 8.6M | 561,873 | 31,860 | 29,712 |
| Accounts Payable | 11.5M | 4.2M | 1.9M | 1.7M |
| Payables | 11.9M | 4.2M | 2.1M | 1.7M |
| Payables And Accrued Expenses | 11.9M | 4.2M | 2.1M | 1.7M |
| Current Deferred Revenue | 228,009 | 0.00 | -- | -- |
| Other Current Liabilities | 950,000 | -- | 404,879 | -- |
| Current Liabilities | 21.7M | 4.7M | 2.6M | 1.7M |
| Long Term Debt | -- | -- | 6.9M | -- |
| Long Term Debt And Capital Lease Obligation | 1.5M | 1.1M | 6.9M | 45,272 |
| Long Term Capital Lease Obligation | 1.5M | 1.1M | 23,028 | 45,272 |
| Other Non Current Liabilities | -- | -- | 810,399 | -- |
| Total Non Current Liabilities Net Minority Interest | 1.5M | 1.1M | 7.7M | 45,272 |
| Total Liabilities Net Minority Interest | 23.2M | 5.9M | 10.3M | 1.7M |
| Common Stock | 22.4M | 6.8M | 4.1M | 3.8M |
| Capital Stock | 22.4M | 6.8M | 4.1M | 3.8M |
| Additional Paid In Capital | 1.3M | 632,173 | 413,189 | 364,582 |
| Retained Earnings | -8.2M | -3.0M | -4.1M | -2.4M |
| Common Stock Equity | 15.5M | 4.4M | 434,285 | 1.8M |
| Stockholders Equity | 15.5M | 4.4M | 434,285 | 1.8M |
| Total Equity Gross Minority Interest | 15.5M | 4.4M | 434,285 | 1.8M |
| Total Capitalization | 15.5M | 4.4M | 7.3M | 1.8M |
| Net Tangible Assets | 3.7M | 4.4M | 434,285 | 1.8M |
| Tangible Book Value | 3.7M | 4.4M | 434,285 | 1.8M |
| Working Capital | 1.6M | 3.7M | 896,003 | 1.2M |
| Invested Capital | 23.5M | 4.7M | 7.3M | 1.8M |
| Total Debt | 10.0M | 1.7M | 6.9M | 74,984 |
| Net Debt | 6.2M | 232,799 | 6.7M | -- |
| Share Issued | 107.9M | 48.5M | 48.5M | 48.5M |
| Ordinary Shares Number | 107.9M | 48.5M | 48.5M | 48.5M |
| Allowance For Doubtful Accounts Receivable | -- | -10,895 | -203,595 | 0.00 |
| Buildings And Improvements | -- | 0.00 | 5.5M | 0.00 |
| Capital Lease Obligations | 2.0M | 1.4M | 54,888 | 74,984 |
| Current Capital Lease Obligation | 474,412 | 248,195 | 31,860 | 29,712 |
| Current Deferred Liabilities | 228,009 | 0.00 | -- | -- |
| Current Notes Payable | 7.4M | 0.00 | -- | -- |
| Dueto Related Parties Current | -- | 0.00 | 256,745 | 0.00 |
| Gross Accounts Receivable | 3.8M | 536,838 | 567,947 | 1.2M |
| Land And Improvements | -- | 0.00 | 1.3M | 0.00 |
| Machinery Furniture Equipment | 2.9M | 101,059 | 82,948 | 20,128 |
| Other Current Borrowings | 8.1M | 313,678 | -- | -- |
| Other Inventories | 10.5M | 6.7M | 2.2M | 1.1M |
| Other Properties | 3.5M | 2.0M | 659,316 | 672,558 |
| Other Receivables | 287,677 | 5,937 | 97,706 | -- |
| Properties | -- | 0.00 | 0.00 | 0.00 |
| Raw Materials | 5.6M | 1.0M | 334,718 | 115,908 |
| Receivables Adjustments Allowances | -133,151 | -10,895 | -203,595 | 0.00 |
| Total Tax Payable | 418,756 | 0.00 | -- | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -5.8M | -408,155 | -845,911 | -2.2M |
| Cash Flow From Continuing Operating Activities | -5.8M | -408,155 | -845,911 | -2.2M |
| Depreciation And Amortization | 250,924 | 48,206 | 284,407 | 77,755 |
| Depreciation Amortization Depletion | 250,924 | 48,206 | 284,407 | 77,755 |
| Stock Based Compensation | 628,709 | 218,984 | 48,607 | 364,327 |
| Change In Working Capital | -1.8M | -268,397 | 399,857 | -316,603 |
| Changes In Account Receivables | -804,920 | -69,822 | 762,761 | -- |
| Change In Receivables | -465,065 | 219,952 | 762,761 | -- |
| Change In Inventory | -5.2M | -2.4M | -587,465 | -- |
| Change In Payables And Accrued Expense | 4.6M | 1.8M | 135,840 | -- |
| Change In Payable | 4.6M | 1.8M | -- | -- |
| Change In Other Working Capital | 228,009 | -27.00 | -- | -- |
| Change In Other Current Assets | 0.00 | 34,844 | 0.00 | -- |
| Change In Other Current Liabilities | -- | 289,774 | 0.00 | -- |
| Other Non Cash Items | 265,940 | -1.0M | 105,017 | 2,947 |
| Capital Expenditure | -306,352 | -146,724 | -555,443 | -562,408 |
| Purchase Of PPE | -306,352 | -59,486 | -555,443 | -562,408 |
| Net PPE Purchase And Sale | -306,352 | -59,486 | -506,788 | -562,408 |
| Purchase Of Business | -2.7M | 0.00 | -- | -- |
| Sale Of Business | 0.00 | 105,937 | 0.00 | -- |
| Investing Cash Flow | -3.0M | -40,787 | -506,788 | -562,408 |
| Cash Flow From Continuing Investing Activities | -3.0M | -40,787 | -506,788 | -562,408 |
| Issuance Of Debt | -- | 0.00 | 1.2M | 0.00 |
| Repayment Of Debt | -1.4M | -247,553 | -36,425 | -19,547 |
| Net Issuance Payments Of Debt | -1.4M | -247,553 | 1.1M | -19,547 |
| Issuance Of Capital Stock | 12.5M | 584,694 | 301,000 | 2.0M |
| Net Common Stock Issuance | 12.5M | 584,694 | 301,000 | 2.0M |
| Financing Cash Flow | 10.6M | 297,137 | 1.4M | 2.0M |
| Cash Flow From Continuing Financing Activities | 10.6M | 297,137 | 1.4M | 2.0M |
| Changes In Cash | 1.8M | -151,805 | 77,463 | -732,106 |
| Beginning Cash Position | 80,879 | 232,684 | 155,221 | 887,327 |
| End Cash Position | 1.9M | 80,879 | 232,684 | 155,221 |
| Free Cash Flow | -6.2M | -554,879 | -1.4M | -2.8M |
| Change In Account Payable | 4.9M | 1.8M | -- | -- |
| Change In Income Tax Payable | -285,426 | 0.00 | -- | -- |
| Change In Prepaid Assets | -1.0M | 107,796 | 88,721 | -- |
| Change In Tax Payable | -285,426 | 0.00 | -- | -- |
| Common Stock Issuance | 12.5M | 584,694 | 301,000 | 2.0M |
| Long Term Debt Issuance | -- | 0.00 | 1.2M | 0.00 |
| Long Term Debt Payments | -280,504 | -247,553 | -36,425 | -19,547 |
| Net Business Purchase And Sale | -2.7M | 105,937 | 0.00 | -- |
| Net Income From Continuing Operations | -5.2M | 1.0M | -1.7M | -2.3M |
| Net Intangibles Purchase And Sale | 0.00 | -87,238 | 0.00 | -- |
| Net Long Term Debt Issuance | -280,504 | -247,553 | 1.1M | -19,547 |
| Net Other Financing Charges | -398,589 | -40,004 | -14,790 | 2,524 |
| Net Short Term Debt Issuance | -1.1M | 0.00 | -- | -- |
| Operating Gains Losses | -- | -417,914 | -- | -- |
| Purchase Of Intangibles | 0.00 | -87,238 | 0.00 | -- |
| Sale Of PPE | -- | 0.00 | 48,655 | 0.00 |
| Short Term Debt Payments | -1.1M | 0.00 | -- | -- |