International Frontier Resources Corporation
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 | -- | -- | 0.00 | 2,535 |
| Gross Profit | -- | -- | 0.00 | -2,535 |
| Selling General And Administration | 490,205 | 505,975 | 680,190 | 857,645 |
| General And Administrative Expense | 490,205 | 505,975 | 680,190 | 857,645 |
| Other Operating Expenses | -- | -- | -- | -55,540 |
| Operating Expense | 490,205 | 505,975 | 680,190 | 802,105 |
| Operating Income | -490,205 | -505,975 | -680,190 | -804,640 |
| EBIT | -2.1M | 197,190 | -3.0M | -936,910 |
| Interest Expense | 6,730 | 3,850 | 55,530 | 49,970 |
| Interest Expense Non Operating | 6,730 | 3,850 | 55,530 | 49,970 |
| Interest Income | -- | 0.00 | 105,495 | 78,390 |
| Interest Income Non Operating | -- | 0.00 | 105,495 | 78,390 |
| Net Interest Income | -6,730 | -3,850 | 49,965 | 28,420 |
| Other Income Expense | -1.6M | 703,165 | -2.4M | -210,660 |
| Other Non Operating Income Expenses | 22,510 | 497,845 | -- | 73,900 |
| Special Income Charges | -39,600 | 0.00 | 919,000 | 0.00 |
| Write Off | -- | 0.00 | 152,850 | 229,970 |
| Gain On Sale Of Security | 34,930 | -51,070 | -2.9M | -284,560 |
| Earnings From Equity Interest | -1.6M | 256,390 | -470,660 | 0.00 |
| Pretax Income | -2.1M | 193,340 | -3.1M | -986,880 |
| Tax Effect Of Unusual Items | 0.00 | -20,428 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -2.1M | 193,340 | -3.1M | -986,880 |
| Net Income From Continuing Operation Net Minority Interest | -2.1M | 193,340 | -3.1M | -986,880 |
| Net Income Including Noncontrolling Interests | -2.1M | 193,340 | -3.1M | -986,880 |
| Net Income Common Stockholders | -2.1M | 193,340 | -3.1M | -986,880 |
| Net Income | -2.1M | 193,340 | -3.1M | -986,880 |
| EBITDA | -2.1M | 197,190 | -3.0M | -934,375 |
| Normalized EBITDA | -2.1M | 248,260 | -1.0M | -649,815 |
| Reconciled Depreciation | -- | -- | 0.00 | 2,535 |
| Basic EPS | -0.07 | 0.01 | -0.20 | -0.07 |
| Diluted EPS | -0.07 | 0.01 | -0.20 | -0.07 |
| Basic Average Shares | 30.6M | 15.0M | 15.0M | 13.5M |
| Diluted Average Shares | 30.6M | 15.0M | 15.0M | 13.5M |
| Total Unusual Items | -4,670 | -51,070 | -2.0M | -284,560 |
| Total Unusual Items Excluding Goodwill | -4,670 | -51,070 | -2.0M | -284,560 |
| Tax Rate For Calcs | 0.00 | 0.40 | 0.00 | 0.00 |
| Normalized Income | -2.1M | 223,982 | -1.1M | -702,320 |
| Diluted NI Availto Com Stockholders | -2.1M | 193,340 | -3.1M | -986,880 |
| Net Income Continuous Operations | -2.1M | 193,340 | -3.1M | -986,880 |
| Net Non Operating Interest Income Expense | -6,730 | -3,850 | 49,965 | 28,420 |
| Other Gand A | 261,880 | 424,035 | 657,325 | 775,500 |
| Other Special Charges | 39,600 | -- | -1.1M | -- |
| Reconciled Cost Of Revenue | -- | -- | 0.00 | 2,535 |
| Rent And Landing Fees | 68,995 | 81,940 | -- | -- |
| Rent Expense Supplemental | 68,995 | 81,940 | -- | -- |
| Salaries And Wages | 159,330 | 0.00 | 22,865 | 82,145 |
| Total Expenses | 490,205 | 505,975 | 680,190 | 804,640 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 292,620 | 17,130 | 25,470 | 306,330 |
| Cash Cash Equivalents And Short Term Investments | 292,620 | 17,130 | 25,470 | 306,330 |
| Cash Financial | 292,620 | 17,130 | 25,470 | -- |
| Accounts Receivable | 40,430 | 45,500 | 43,460 | 12,145 |
| Receivables | 40,430 | 45,500 | 43,460 | 264,100 |
| Prepaid Assets | 40,705 | 35,030 | 17,080 | 540,025 |
| Current Assets | 373,755 | 97,660 | 86,010 | 1.1M |
| Net PPE | -- | -- | -- | 0.00 |
| Total Non Current Assets | 0.00 | 0.00 | 0.00 | 2.4M |
| Total Assets | 373,755 | 97,660 | 86,010 | 3.5M |
| Accounts Payable | 293,255 | 652,950 | -- | -- |
| Payables | 1.9M | 692,605 | 877,615 | -- |
| Payables And Accrued Expenses | 1.9M | 692,605 | 877,615 | 306,330 |
| Current Liabilities | 1.9M | 692,605 | 877,615 | 306,330 |
| Long Term Debt | 55,610 | 53,410 | 50,090 | 1.0M |
| Long Term Debt And Capital Lease Obligation | 55,610 | 53,410 | 50,090 | 1.0M |
| Total Non Current Liabilities Net Minority Interest | 55,610 | 53,410 | 50,090 | 1.0M |
| Total Liabilities Net Minority Interest | 2.0M | 746,015 | 927,705 | 1.4M |
| Common Stock | 59.0M | 58.7M | 58.7M | 58.7M |
| Capital Stock | 59.0M | 58.7M | 58.7M | 58.7M |
| Additional Paid In Capital | 13.6M | 12.8M | 12.8M | 12.8M |
| Retained Earnings | -74.2M | -72.1M | -72.3M | -69.2M |
| Common Stock Equity | -1.6M | -648,355 | -841,695 | 2.2M |
| Stockholders Equity | -1.6M | -648,355 | -841,695 | 2.2M |
| Total Equity Gross Minority Interest | -1.6M | -648,355 | -841,695 | 2.2M |
| Total Capitalization | -1.5M | -594,945 | -791,605 | 3.2M |
| Net Tangible Assets | -1.6M | -648,355 | -841,695 | 2.2M |
| Tangible Book Value | -1.6M | -648,355 | -841,695 | 2.2M |
| Working Capital | -1.5M | -594,945 | -791,605 | 804,125 |
| Invested Capital | -1.5M | -594,945 | -791,605 | 3.2M |
| Total Debt | 55,610 | 53,410 | 50,090 | 1.0M |
| Net Debt | -- | 36,280 | 24,620 | 741,285 |
| Share Issued | 38.1M | 15.0M | 15.0M | 15.0M |
| Ordinary Shares Number | 38.1M | 15.0M | 15.0M | 15.0M |
| Dueto Related Parties Current | 1.6M | 17,420 | 347,695 | -- |
| Dueto Related Parties Non Current | -- | -- | 347,695 | 0.00 |
| Loans Receivable | -- | -- | 0.00 | 251,955 |
| Non Current Note Receivables | -- | -- | 0.00 | 2.4M |
| Other Payable | 27,590 | 22,235 | -- | -- |
| Tradeand Other Payables Non Current | -- | -- | 0.00 | 0.00 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -331,900 | -379,790 | -401,615 | -581,580 |
| Cash Flow From Continuing Operating Activities | -331,900 | -379,790 | -401,615 | -581,580 |
| Depreciation And Amortization | -- | -- | 0.00 | 2,535 |
| Depreciation Amortization Depletion | -- | -- | 0.00 | 2,535 |
| Stock Based Compensation | 159,330 | 0.00 | 22,865 | 82,145 |
| Change In Working Capital | 1,835 | 128,105 | 224,200 | 111,435 |
| Other Non Cash Items | -20,310 | -494,525 | -1.1M | -70,590 |
| Purchase Of Business | 0.00 | -118,840 | -120,880 | 0.00 |
| Investing Cash Flow | 0.00 | 353,940 | 62,465 | -1.1M |
| Cash Flow From Continuing Investing Activities | 0.00 | 353,940 | 62,465 | -1.1M |
| Issuance Of Debt | 816,500 | 0.00 | 380,125 | 0.00 |
| Repayment Of Debt | -31,270 | -7,265 | -- | -- |
| Net Issuance Payments Of Debt | 785,230 | -7,265 | 715.00 | 910,830 |
| Issuance Of Capital Stock | -- | -- | 0.00 | 1.0M |
| Net Common Stock Issuance | -- | -- | 0.00 | 1.0M |
| Financing Cash Flow | 608,390 | 22,235 | 57,395 | 1.9M |
| Cash Flow From Continuing Financing Activities | 608,390 | 22,235 | 57,395 | 1.9M |
| Effect Of Exchange Rate Changes | -1,000 | -4,725 | 895.00 | 5,260 |
| Changes In Cash | 276,490 | -3,615 | -281,755 | 256,470 |
| Beginning Cash Position | 17,130 | 25,470 | 306,330 | 44,600 |
| End Cash Position | 292,620 | 17,130 | 25,470 | 306,330 |
| Free Cash Flow | -331,900 | -379,790 | -401,615 | -581,580 |
| Asset Impairment Charge | -- | -- | -- | 229,970 |
| Common Stock Issuance | -- | -- | 0.00 | 1.0M |
| Depreciation | -- | -- | 0.00 | 2,535 |
| Earnings Losses From Equity Investments | 1.6M | -256,390 | 605,945 | 229,970 |
| Long Term Debt Issuance | -- | -- | -- | 910,830 |
| Net Business Purchase And Sale | 0.00 | -118,840 | -120,880 | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -33,260 | 49,680 | -396,820 | 49,805 |
| Net Income From Continuing Operations | -2.1M | 193,340 | -3.1M | -986,880 |
| Net Long Term Debt Issuance | -- | 0.00 | 715.00 | 910,830 |
| Net Other Financing Charges | -176,840 | 29,500 | 56,680 | 30,750 |
| Net Other Investing Changes | -- | 472,780 | 183,345 | -1.1M |
| Net Short Term Debt Issuance | 785,230 | -7,265 | 0.00 | 0.00 |
| Operating Gains Losses | 1.6M | -206,710 | 3.5M | 279,775 |
| Short Term Debt Issuance | 816,500 | 0.00 | 380,125 | 0.00 |
| Short Term Debt Payments | -31,270 | -7,265 | -- | -- |