SIMPLY SOLVENTLESS CONCENTRATES
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Total Revenue | 6.3M | 11.0M | 9.9M | 3.5M | 4.1M | -- |
| Operating Revenue | 9.0M | 13.0M | 12.4M | 6.0M | 6.3M | -- |
| Cost Of Revenue | 3.4M | 6.2M | 5.0M | 7.2M | 2.6M | -- |
| Gross Profit | 2.9M | 4.7M | 4.8M | -3.6M | 1.4M | -- |
| Selling General And Administration | 2.3M | 2.3M | 2.3M | 2.4M | 1.2M | -- |
| General And Administrative Expense | 1.6M | 2.3M | 2.3M | 3.1M | 817,471 | -- |
| Depreciation And Amortization In Income Statement | 540,778 | 289,354 | 448,284 | 197,047 | 27,409 | -- |
| Other Operating Expenses | -- | -542,072 | 13,996 | -- | -- | -- |
| Operating Expense | 2.9M | 2.1M | 2.7M | 2.5M | 1.3M | -- |
| Operating Income | 37,085 | 2.6M | 2.1M | -6.2M | 167,584 | -- |
| EBIT | 217,713 | 4.0M | 8.7M | -6.4M | -46,407 | -- |
| Interest Expense | 996,207 | 613,161 | 415,890 | -- | 53,654 | 48,937 |
| Interest Expense Non Operating | 996,207 | 613,161 | 415,890 | -- | 53,654 | 48,937 |
| Interest Income | -- | -- | -- | -- | -- | 48,937 |
| Interest Income Non Operating | -- | -- | -- | -- | -- | 48,937 |
| Net Interest Income | -996,207 | -613,161 | -558,221 | -1.0M | -53,654 | -- |
| Other Income Expense | 180,628 | 1.4M | 6.8M | -441,006 | -213,991 | -- |
| Other Non Operating Income Expenses | -- | 833,750 | -28,786 | -380,537 | 15,212 | 431,671 |
| Special Income Charges | 194,500 | 1.4M | 6.8M | -492,399 | -210,136 | -- |
| Restructuring And Mergern Acquisition | 683,349 | -560,288 | -6.8M | 45,516 | 225,348 | -- |
| Gain On Sale Of Security | -13,872 | -5,676 | -15,175 | -14,953 | -3,855 | -- |
| Pretax Income | -778,494 | 3.4M | 8.3M | -7.6M | -100,061 | -- |
| Tax Provision | -481,213 | 0.00 | -97,214 | -- | 0.00 | 0.00 |
| Tax Effect Of Unusual Items | 27,094 | 0.00 | 1.0M | 0.00 | 0.00 | -- |
| Net Income From Continuing And Discontinued Operation | -297,281 | 3.4M | 8.4M | -7.3M | -100,061 | -- |
| Net Income From Continuing Operation Net Minority Interest | -297,281 | 3.4M | 8.4M | -7.3M | -100,061 | -- |
| Net Income Including Noncontrolling Interests | -297,281 | 3.4M | 8.4M | -7.3M | -100,061 | -- |
| Net Income Common Stockholders | -297,281 | 3.4M | 8.4M | -7.3M | -100,061 | -- |
| Net Income | -297,281 | 3.4M | 8.4M | -7.3M | -100,061 | -- |
| EBITDA | 758,491 | 4.3M | 9.3M | -6.2M | -18,998 | -- |
| Normalized EBITDA | 577,863 | 2.9M | 2.5M | -5.7M | 194,993 | -- |
| Reconciled Depreciation | 539,248 | 289,647 | 587,091 | 223,515 | 27,409 | -- |
| Basic EPS | -0.00 | 0.03 | 0.08 | -- | -0.00 | -0.01 |
| Diluted EPS | -0.00 | 0.03 | 0.07 | -- | -0.00 | -0.01 |
| Basic Average Shares | 115.5M | 110.8M | 108.2M | -- | 68.9M | 50.3M |
| Diluted Average Shares | 146.8M | 128.4M | 122.7M | -- | 73.8M | 54.3M |
| Total Unusual Items | 180,628 | 1.4M | 6.8M | -507,352 | -213,991 | -- |
| Total Unusual Items Excluding Goodwill | 180,628 | 1.4M | 6.8M | -507,352 | -213,991 | -- |
| Tax Rate For Calcs | 0.15 | 0.00 | 0.15 | 0.00 | 0.00 | -- |
| Normalized Income | -450,815 | 2.0M | 2.6M | -6.8M | 113,930 | -- |
| Depreciation Amortization Depletion Income Statement | 540,778 | 289,354 | 448,284 | 197,047 | 27,409 | -- |
| Diluted NI Availto Com Stockholders | -297,281 | 3.4M | 8.4M | -7.3M | -100,061 | -- |
| Excise Taxes | 2.7M | 2.1M | 2.5M | 2.4M | 2.2M | -- |
| Gain On Sale Of Ppe | 146,568 | 47,837 | -- | 0.00 | 0.00 | 0.00 |
| Impairment Of Capital Assets | 0.00 | 63,970 | -- | -- | 0.00 | 0.00 |
| Net Income Continuous Operations | -297,281 | 3.4M | 8.4M | -7.3M | -100,061 | -- |
| Net Non Operating Interest Income Expense | -996,207 | -613,161 | -558,221 | -1.0M | -53,654 | -- |
| Other Gand A | 776,363 | 1.2M | 1.1M | 2.4M | 296,633 | -- |
| Other Special Charges | -731,281 | -833,750 | -- | -- | -15,212 | -431,671 |
| Reconciled Cost Of Revenue | 3.4M | 6.2M | 4.9M | 7.1M | 2.6M | -- |
| Salaries And Wages | 848,292 | 1.2M | 1.1M | 751,824 | 520,838 | -- |
| Selling And Marketing Expense | 697,707 | -- | -- | -- | 426,209 | 767,934 |
| Total Expenses | 6.3M | 8.3M | 7.8M | 9.7M | 3.9M | -- |
| Total Operating Income As Reported | 37,085 | 2.6M | 2.1M | -5.9M | 167,584 | -- |
| Total Other Finance Cost | -- | -- | 142,331 | -114,299 | 53,654 | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 899,509 | 1.5M | 1.1M | 1.9M | 532,480 | -- |
| Cash Cash Equivalents And Short Term Investments | 899,509 | 1.5M | 1.1M | 1.9M | 532,480 | -- |
| Accounts Receivable | 5.6M | 9.0M | 6.1M | 3.8M | 2.5M | -- |
| Receivables | 7.3M | 8.8M | 6.0M | 3.9M | 2.4M | -- |
| Inventory | 22.2M | 21.1M | 21.3M | 16.1M | 16.2M | -- |
| Prepaid Assets | 1.4M | 1.4M | 1.2M | 1.4M | 869,834 | -- |
| Other Current Assets | 1.0M | -- | -- | -- | -- | -- |
| Current Assets | 32.8M | 32.8M | 29.6M | 23.3M | 20.0M | -- |
| Gross PPE | 19.0M | 19.4M | 43.9M | 6.4M | 2.5M | -- |
| Accumulated Depreciation | -3.7M | -3.4M | -20.6M | -2.9M | -478,343 | -- |
| Net PPE | 15.4M | 16.0M | 23.2M | 3.5M | 2.0M | -- |
| Goodwill And Other Intangible Assets | 12.1M | 11.8M | 11.8M | 11.8M | 2.4M | -- |
| Other Intangible Assets | 12.1M | 11.8M | 11.8M | 11.8M | 2.4M | -- |
| Other Non Current Assets | -- | -- | 56,272 | 63,970 | -- | -- |
| Total Non Current Assets | 27.5M | 27.7M | 35.1M | 15.3M | 4.5M | -- |
| Total Assets | 60.3M | 60.5M | 57.8M | 38.6M | 24.5M | -- |
| Current Debt | 2.6M | 2.9M | 5.3M | 8.1M | 576,844 | -- |
| Current Debt And Capital Lease Obligation | 4.1M | 4.4M | 6.7M | 8.6M | 915,328 | -- |
| Accounts Payable | 4.1M | 3.4M | 5.0M | 11.5M | 2.4M | -- |
| Payables | 8.1M | 7.4M | 11.7M | 11.9M | 2.4M | -- |
| Payables And Accrued Expenses | 8.3M | 7.5M | 11.9M | 11.9M | 7.4M | -- |
| Current Accrued Expenses | 143,529 | 106,135 | 189,073 | -- | 4.9M | 4.4M |
| Current Deferred Revenue | 0.00 | 0.00 | 119,356 | 228,009 | -- | -- |
| Other Current Liabilities | 589,117 | 633,932 | 739,588 | 950,000 | 80,248 | -- |
| Current Liabilities | 13.0M | 12.5M | 19.5M | 21.7M | 8.4M | -- |
| Long Term Debt | 6.2M | 6.2M | 7.7M | -- | 1.7M | -- |
| Long Term Debt And Capital Lease Obligation | 11.2M | 11.4M | 13.1M | 1.5M | 2.9M | -- |
| Long Term Capital Lease Obligation | 5.0M | 5.3M | 5.4M | 1.5M | 1.2M | -- |
| Total Non Current Liabilities Net Minority Interest | 15.4M | 16.1M | 13.1M | 1.5M | 2.9M | -- |
| Total Liabilities Net Minority Interest | 28.3M | 28.6M | 32.6M | 23.2M | 11.2M | -- |
| Common Stock | 25.7M | 25.7M | 22.6M | 22.4M | 13.0M | -- |
| Capital Stock | 25.7M | 25.7M | 22.6M | 22.4M | 13.0M | -- |
| Additional Paid In Capital | 2.9M | 2.6M | 2.4M | 1.3M | 1.1M | -- |
| Retained Earnings | 3.3M | 3.6M | 175,493 | -8.2M | -890,046 | -- |
| Common Stock Equity | 31.9M | 31.9M | 25.2M | 15.5M | 13.2M | -- |
| Stockholders Equity | 31.9M | 31.9M | 25.2M | 15.5M | 13.2M | -- |
| Total Equity Gross Minority Interest | 31.9M | 31.9M | 25.2M | 15.5M | 13.2M | -- |
| Total Capitalization | 38.2M | 38.1M | 32.9M | 15.5M | 14.9M | -- |
| Net Tangible Assets | 19.8M | 20.1M | 13.4M | 3.7M | 10.8M | -- |
| Tangible Book Value | 19.8M | 20.1M | 13.4M | 3.7M | 10.8M | -- |
| Working Capital | 19.8M | 20.3M | 10.1M | 1.6M | 11.6M | -- |
| Invested Capital | 40.8M | 41.0M | 38.2M | 23.5M | 15.5M | -- |
| Total Debt | 15.3M | 15.8M | 19.8M | 10.0M | 3.8M | -- |
| Net Debt | 7.9M | 7.6M | 11.9M | 6.2M | 1.7M | -- |
| Share Issued | 115.5M | 115.5M | 108.6M | 107.9M | 77.7M | -- |
| Ordinary Shares Number | 115.5M | 115.5M | 108.6M | 107.9M | 77.7M | -- |
| Allowance For Doubtful Accounts Receivable | -- | -- | -- | -- | -- | -10,895 |
| Buildings And Improvements | -- | -- | -- | -- | 0.00 | 0.00 |
| Capital Lease Obligations | 6.5M | 6.7M | 6.9M | 2.0M | 1.5M | -- |
| Current Capital Lease Obligation | 1.5M | 1.5M | 1.5M | 474,412 | 338,484 | -- |
| Current Deferred Liabilities | 0.00 | 0.00 | 119,356 | 228,009 | -- | -- |
| Current Notes Payable | -- | -- | -- | 7.4M | -- | -- |
| Finished Goods | 5.4M | 6.8M | 7.5M | -- | -- | -- |
| Gross Accounts Receivable | 5.6M | 9.0M | 6.1M | 3.8M | 2.5M | -- |
| Land And Improvements | -- | -- | -- | -- | 0.00 | 0.00 |
| Machinery Furniture Equipment | 9.3M | 9.6M | 9.8M | 2.9M | 217,533 | -- |
| Other Current Borrowings | 2.6M | 2.9M | 5.3M | 8.1M | 576,844 | -- |
| Other Inventories | -- | 1.1M | 927,705 | 10.5M | 9.1M | 8.9M |
| Other Properties | 9.8M | 9.8M | 34.0M | 3.5M | 2.3M | -- |
| Other Receivables | 1.9M | 51,141 | 51,141 | 287,677 | -- | -- |
| Properties | -- | -- | -- | -- | 0.00 | 0.00 |
| Raw Materials | 7.8M | 5.7M | 12.8M | 5.6M | 7.1M | -- |
| Receivables Adjustments Allowances | -220,854 | -220,854 | -133,151 | -133,151 | -41,150 | -- |
| Total Tax Payable | 4.0M | 4.0M | 6.7M | 418,756 | -- | -- |
| Tradeand Other Payables Non Current | 4.1M | 4.7M | -- | -- | -- | -- |
| Work In Process | 9.0M | 7.5M | -- | -- | -- | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 112,300 | 978,739 | -2.8M | -2.4M | -3.4M | -- |
| Cash Flow From Continuing Operating Activities | 112,300 | 978,739 | -2.8M | -2.4M | -3.4M | -- |
| Depreciation And Amortization | 539,248 | 289,647 | 587,091 | 223,515 | 27,409 | -- |
| Depreciation Amortization Depletion | 539,248 | 289,647 | 587,091 | 223,515 | 27,409 | -- |
| Stock Based Compensation | 332,247 | 263,924 | 552,237 | 339,812 | 288,897 | -- |
| Change In Working Capital | -1.1M | -1.4M | -4.8M | 2.4M | -3.7M | -- |
| Changes In Account Receivables | -- | -- | -2.1M | -323,271 | 73,754 | 615,744 |
| Change In Receivables | -- | -- | -2.3M | 16,584 | -577,793 | 615,744 |
| Change In Inventory | -- | -- | -2.7M | -2.9M | -1.4M | -1.4M |
| Change In Payables And Accrued Expense | -- | -- | 50,783 | 5.8M | -5.0M | -103,482 |
| Change In Payable | -- | -- | 50,783 | -- | -- | -- |
| Change In Other Working Capital | -- | -- | -108,653 | -- | -- | -- |
| Change In Other Current Assets | -- | -- | -- | -- | -- | 9,350 |
| Other Non Cash Items | 678,181 | -1.7M | -7.6M | 219,211 | 31,517 | -- |
| Capital Expenditure | -23,842 | -- | -35,522 | -96,381 | -209,970 | -145,432 |
| Purchase Of PPE | -23,842 | -- | -35,522 | -158,545 | -147,807 | -145,432 |
| Net PPE Purchase And Sale | -23,842 | 127,326 | -35,522 | -158,545 | -147,807 | -- |
| Purchase Of Business | 0.00 | 0.00 | -3.0M | -2.3M | -385,331 | -- |
| Investing Cash Flow | -23,842 | 127,326 | -3.0M | -2.4M | -595,301 | -- |
| Cash Flow From Continuing Investing Activities | -23,842 | 127,326 | -3.0M | -2.4M | -595,301 | -- |
| Issuance Of Debt | 0.00 | 0.00 | 5.7M | -- | 0.00 | 0.00 |
| Repayment Of Debt | -704,614 | -620,992 | -335,270 | -825,472 | -605,032 | -- |
| Net Issuance Payments Of Debt | -704,614 | -620,992 | 5.3M | -825,472 | -605,032 | -- |
| Issuance Of Capital Stock | 0.00 | -- | 188,713 | 7.3M | 5.0M | 719,638 |
| Repurchase Of Capital Stock | -- | -57,754 | -- | -- | -- | -- |
| Net Common Stock Issuance | 0.00 | -57,754 | 188,713 | 7.3M | 5.0M | -- |
| Common Stock Payments | -- | -57,754 | -- | -- | -- | -- |
| Financing Cash Flow | -704,614 | -678,746 | 5.1M | 6.2M | 4.4M | -- |
| Cash Flow From Continuing Financing Activities | -704,614 | -678,746 | 5.1M | 6.2M | 4.4M | -- |
| Changes In Cash | -616,156 | 427,319 | -796,728 | 1.4M | 422,926 | -- |
| Beginning Cash Position | 1.5M | 1.1M | 1.9M | 532,480 | 109,554 | -- |
| End Cash Position | 899,509 | 1.5M | 1.1M | 1.9M | 532,480 | -- |
| Free Cash Flow | 88,458 | 978,739 | -2.9M | -2.5M | -3.6M | -- |
| Asset Impairment Charge | 0.00 | 63,970 | -- | -- | 0.00 | 0.00 |
| Change In Account Payable | -- | -- | 207,759 | -- | -- | -- |
| Change In Income Tax Payable | -- | -- | -156,976 | -- | -- | -- |
| Change In Prepaid Assets | -- | -- | 208,822 | -684,958 | -128,525 | -195,430 |
| Change In Tax Payable | -- | -- | -156,976 | -- | -- | -- |
| Common Stock Issuance | 0.00 | -- | 188,713 | 7.3M | 5.0M | 719,638 |
| Long Term Debt Issuance | 0.00 | 0.00 | 5.7M | -- | 0.00 | 0.00 |
| Long Term Debt Payments | -704,614 | -520,992 | -335,270 | -175,472 | -105,032 | -- |
| Net Business Purchase And Sale | 0.00 | 0.00 | -3.0M | -2.3M | -385,331 | -- |
| Net Income From Continuing Operations | -297,281 | 3.4M | 8.4M | -5.6M | -100,061 | -- |
| Net Intangibles Purchase And Sale | 0.00 | -- | -- | 62,164 | -62,163 | -- |
| Net Long Term Debt Issuance | -704,614 | -520,992 | 5.3M | -175,472 | -105,032 | -- |
| Net Other Financing Charges | -- | -- | -450,000 | -276,527 | -41,700 | -80,362 |
| Net Short Term Debt Issuance | 0.00 | -100,000 | -- | -650,000 | -500,000 | 0.00 |
| Operating Gains Losses | -- | -- | -- | -- | 416,459 | -431,671 |
| Purchase Of Intangibles | 0.00 | -- | -- | 62,164 | -62,163 | -- |
| Sale Of PPE | 0.00 | 127,326 | -- | -- | 0.00 | 0.00 |
| Short Term Debt Payments | 0.00 | -100,000 | -- | -650,000 | -500,000 | 0.00 |