Helium Evolution Incorporated
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 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Revenue | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost Of Revenue | 22,000 | 45,000 | 51,000 | 10,000 |
| Gross Profit | -22,000 | -45,000 | -51,000 | -10,000 |
| Selling General And Administration | 1.1M | 1.7M | 1.7M | 673,000 |
| General And Administrative Expense | 1.1M | 1.7M | 1.7M | 673,000 |
| Other Operating Expenses | 485,000 | 1.5M | 4.5M | 728,000 |
| Operating Expense | 1.6M | 3.2M | 6.2M | 1.4M |
| Operating Income | -1.6M | -3.2M | -6.3M | -1.4M |
| EBIT | -1.6M | -3.2M | -6.3M | -1.4M |
| Interest Expense | -- | -- | -- | 7,897 |
| Interest Expense Non Operating | -- | -- | -- | 7,897 |
| Interest Income | 220,000 | 389,000 | -- | 0.00 |
| Interest Income Non Operating | 220,000 | 389,000 | -- | 0.00 |
| Net Interest Income | 220,000 | 389,000 | 155,000 | -1,000 |
| Other Income Expense | -35,000 | -121,000 | -1.2M | 347,681 |
| Other Non Operating Income Expenses | -- | -- | -- | 347,681 |
| Special Income Charges | -35,000 | -121,000 | -1.2M | 0.00 |
| Restructuring And Mergern Acquisition | -- | 0.00 | 96,000 | 0.00 |
| Pretax Income | -1.4M | -3.0M | -7.4M | -1.4M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -1.4M | -3.0M | -7.4M | -1.4M |
| Net Income From Continuing Operation Net Minority Interest | -1.4M | -3.0M | -7.4M | -1.4M |
| Net Income Including Noncontrolling Interests | -1.4M | -3.0M | -7.4M | -1.4M |
| Net Income Common Stockholders | -1.4M | -3.0M | -7.4M | -1.4M |
| Net Income | -1.4M | -3.0M | -7.4M | -1.4M |
| EBITDA | -1.6M | -3.2M | -6.2M | -1.4M |
| Normalized EBITDA | -1.5M | -3.1M | -5.0M | -1.4M |
| Reconciled Depreciation | 22,000 | 45,000 | 51,000 | 10,000 |
| Basic EPS | -0.01 | -0.03 | -0.09 | -0.06 |
| Diluted EPS | -0.01 | -0.03 | -0.09 | -0.06 |
| Basic Average Shares | 96.0M | 96.0M | 78.4M | 78.7M |
| Diluted Average Shares | 96.0M | 96.0M | 78.4M | 78.7M |
| Total Unusual Items | -35,000 | -121,000 | -1.2M | 0.00 |
| Total Unusual Items Excluding Goodwill | -35,000 | -121,000 | -1.2M | 0.00 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -1.4M | -2.8M | -6.1M | -1.4M |
| Diluted NI Availto Com Stockholders | -1.4M | -3.0M | -7.4M | -1.4M |
| Impairment Of Capital Assets | 35,000 | 121,000 | 8,000 | 0.00 |
| Net Income Continuous Operations | -1.4M | -3.0M | -7.4M | -1.4M |
| Net Non Operating Interest Income Expense | 220,000 | 389,000 | 155,000 | -1,000 |
| Other Gand A | 450,000 | 658,000 | 971,000 | 621,000 |
| Other Special Charges | -- | -- | 1.1M | -- |
| Reconciled Cost Of Revenue | 22,000 | 45,000 | 51,000 | 10,000 |
| Salaries And Wages | 619,000 | 1.0M | 772,000 | 52,000 |
| Total Expenses | 1.6M | 3.2M | 6.3M | 1.4M |
| Total Other Finance Cost | -- | -389,000 | -155,000 | 1,000 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 3.8M | 6.3M | 9.1M | 171,000 |
| Cash Cash Equivalents And Short Term Investments | 3.8M | 6.3M | 9.1M | 171,000 |
| Cash Financial | -- | -- | -- | 229.00 |
| Accounts Receivable | 57,000 | 76,000 | 263,000 | 46,000 |
| Receivables | 57,000 | 76,000 | 263,000 | 46,000 |
| Prepaid Assets | 34,000 | 66,000 | 36,000 | 507,000 |
| Other Current Assets | -- | 66,000 | 992,000 | -- |
| Current Assets | 3.9M | 6.5M | 10.4M | 13.0M |
| Gross PPE | 6.4M | 4.5M | 2.7M | 652,000 |
| Accumulated Depreciation | -128,000 | -106,000 | -61,000 | -10,000 |
| Net PPE | 6.3M | 4.4M | 2.6M | 642,000 |
| Other Non Current Assets | 422,000 | 783,000 | -- | -- |
| Total Non Current Assets | 6.7M | 5.2M | 2.6M | 642,000 |
| Total Assets | 10.6M | 11.6M | 13.0M | 13.7M |
| Current Debt And Capital Lease Obligation | 20,000 | 21,000 | 20,000 | 16,000 |
| Accounts Payable | 734,000 | 708,000 | 163,000 | 197,000 |
| Payables | 734,000 | 708,000 | 163,000 | 12.5M |
| Payables And Accrued Expenses | 734,000 | 708,000 | 163,000 | 12.5M |
| Current Liabilities | 754,000 | 729,000 | 183,000 | 12.5M |
| Long Term Debt And Capital Lease Obligation | 2,000 | 22,000 | 9,000 | 17,000 |
| Long Term Capital Lease Obligation | 2,000 | 22,000 | 9,000 | 17,000 |
| Total Non Current Liabilities Net Minority Interest | 152,000 | 143,000 | 43,000 | 17,000 |
| Total Liabilities Net Minority Interest | 906,000 | 872,000 | 226,000 | 12.5M |
| Common Stock | 19.2M | 19.2M | 19.2M | 1.9M |
| Capital Stock | 19.2M | 19.2M | 19.2M | 1.9M |
| Additional Paid In Capital | 3.6M | 2.4M | 930,000 | 81,000 |
| Retained Earnings | -13.1M | -11.7M | -8.8M | -1.4M |
| Common Stock Equity | 9.7M | 10.8M | 12.8M | 1.1M |
| Stockholders Equity | 9.7M | 10.8M | 12.8M | 1.1M |
| Total Equity Gross Minority Interest | 9.7M | 10.8M | 12.8M | 1.1M |
| Total Capitalization | 9.7M | 10.8M | 12.8M | 1.1M |
| Net Tangible Assets | 9.7M | 10.8M | 12.8M | 1.1M |
| Tangible Book Value | 9.7M | 10.8M | 12.8M | 1.1M |
| Working Capital | 3.2M | 5.7M | 10.2M | 511,000 |
| Invested Capital | 9.7M | 10.8M | 12.8M | 1.1M |
| Total Debt | 22,000 | 43,000 | 29,000 | 33,000 |
| Share Issued | 96.0M | 96.0M | 96.0M | 78.7M |
| Ordinary Shares Number | 96.0M | 96.0M | 96.0M | 78.7M |
| Capital Lease Obligations | 22,000 | 43,000 | 29,000 | 33,000 |
| Current Capital Lease Obligation | 20,000 | 21,000 | 20,000 | 16,000 |
| Long Term Provisions | 150,000 | 121,000 | 34,000 | -- |
| Other Equity Interest | -- | 873,000 | 1.4M | 552,000 |
| Other Payable | -- | -- | -- | 12.3M |
| Other Properties | 6.4M | 4.5M | 2.7M | 652,000 |
| Restricted Cash | -- | -- | 0.00 | 12.3M |
| Taxes Receivable | -- | -- | -- | 6,072 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -729,000 | -346,000 | -1.4M | -498,000 |
| Cash Flow From Continuing Operating Activities | -729,000 | -346,000 | -1.4M | -498,000 |
| Depreciation Amortization Depletion | 22,000 | 45,000 | 51,000 | 10,000 |
| Stock Based Compensation | 219,000 | 625,000 | 526,000 | 52,000 |
| Change In Working Capital | -104,000 | 340,000 | -285,000 | 113,000 |
| Change In Receivables | -- | -- | -- | 5,245 |
| Change In Payables And Accrued Expense | -- | -- | -- | 139,722 |
| Other Non Cash Items | 490,000 | 1.5M | 5.6M | 739,000 |
| Capital Expenditure | -1.9M | -2.9M | -6.1M | -599,000 |
| Purchase Of PPE | -1.9M | -2.9M | -6.1M | -599,000 |
| Net PPE Purchase And Sale | -1.9M | -2.9M | -6.1M | -599,000 |
| Investing Cash Flow | -1.7M | -2.4M | -7.1M | -601,000 |
| Cash Flow From Continuing Investing Activities | -1.7M | -2.4M | -7.1M | -601,000 |
| Issuance Of Debt | -- | 0.00 | 1.5M | 1.3M |
| Repayment Of Debt | -19,000 | -20,000 | -1.5M | 0.00 |
| Net Issuance Payments Of Debt | -19,000 | -20,000 | -19,000 | 1.3M |
| Issuance Of Capital Stock | -- | 0.00 | 17.6M | -- |
| Net Common Stock Issuance | -- | 0.00 | 17.6M | -- |
| Financing Cash Flow | -31,000 | -20,000 | 17.5M | 1.3M |
| Cash Flow From Continuing Financing Activities | -31,000 | -20,000 | 17.5M | 1.3M |
| Changes In Cash | -2.5M | -2.8M | 9.0M | 171,000 |
| Beginning Cash Position | 6.3M | 9.1M | 171,000 | 0.00 |
| End Cash Position | 3.8M | 6.3M | 9.1M | 171,000 |
| Free Cash Flow | -2.7M | -3.2M | -7.6M | -1.1M |
| Asset Impairment Charge | 35,000 | 121,000 | 8,000 | 0.00 |
| Common Stock Issuance | -- | 0.00 | 17.6M | -- |
| Long Term Debt Issuance | -- | -- | 17.6M | 1.3M |
| Long Term Debt Payments | -19,000 | -20,000 | -19,000 | 0.00 |
| Net Income From Continuing Operations | -1.4M | -3.0M | -7.4M | -1.4M |
| Net Long Term Debt Issuance | -19,000 | -20,000 | -19,000 | 1.3M |
| Net Other Financing Charges | -12,000 | -- | -142,000 | -- |
| Net Other Investing Changes | 193,000 | 451,000 | -963,000 | -2,000 |
| Net Short Term Debt Issuance | -- | 0.00 | 0.00 | 0.00 |
| Operating Gains Losses | -- | -- | -- | -30,671 |
| Short Term Debt Issuance | -- | 0.00 | 1.5M | 0.00 |
| Short Term Debt Payments | -- | 0.00 | -1.5M | 0.00 |
| Unrealized Gain Loss On Investment Securities | -- | -- | -- | 0.00 |