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Independence Gold Corp.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
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 99,532 98,776 95,824 99,143
Gross Profit -99,532 -98,776 -95,824 -99,143
Selling General And Administration 1.3M 840,758 685,324 481,888
General And Administrative Expense 1.3M 840,758 685,324 481,888
Other Operating Expenses 4.2M 2.9M 1.5M 2.2M
Operating Expense 5.5M 3.8M 2.2M 2.7M
Operating Income -5.6M -3.9M -2.3M -2.8M
EBIT -5.4M -3.8M -2.2M -8.9M
Interest Expense 25,337 32,316 37,556 33,072
Interest Expense Non Operating 25,337 32,316 37,556 33,072
Interest Income 93,554 2,616 2,185 2,872
Interest Income Non Operating 93,554 2,616 2,185 2,872
Net Interest Income 68,217 -29,700 -35,371 -30,200
Other Income Expense 123,821 83,099 33,807 -6.2M
Other Non Operating Income Expenses 146,396 73,423 79,314 111,060
Special Income Charges -25,450 0.00 0.00 -6.3M
Gain On Sale Of Security 2,875 9,676 -45,507 -17,617
Pretax Income -5.5M -3.8M -2.3M -8.9M
Tax Effect Of Unusual Items 0.00 0.00 0.00 0.00
Net Income From Continuing And Discontinued Operation -5.5M -3.8M -2.3M -8.9M
Net Income From Continuing Operation Net Minority Interest -5.5M -3.8M -2.3M -8.9M
Net Income Including Noncontrolling Interests -5.5M -3.8M -2.3M -8.9M
Net Income Common Stockholders -5.5M -3.8M -2.3M -8.9M
Net Income -5.5M -3.8M -2.3M -8.9M
EBITDA -5.3M -3.7M -2.1M -8.8M
Normalized EBITDA -5.3M -3.7M -2.1M -2.5M
Reconciled Depreciation 99,532 98,776 95,824 99,143
Basic EPS -0.03 -0.03 -0.02 -0.10
Diluted EPS -0.03 -0.03 -0.02 -0.10
Basic Average Shares 176.3M 138.7M 104.4M 88.6M
Diluted Average Shares 176.3M 138.7M 104.4M 88.6M
Total Unusual Items -22,575 9,676 -45,507 -6.3M
Total Unusual Items Excluding Goodwill -22,575 9,676 -45,507 -6.3M
Tax Rate For Calcs 0.00 0.00 0.00 0.00
Normalized Income -5.4M -3.8M -2.2M -2.7M
Diluted NI Availto Com Stockholders -5.5M -3.8M -2.3M -8.9M
Gain On Sale Of Ppe -- -- 0.00 51,000
Impairment Of Capital Assets 25,450 0.00 0.00 6.3M
Insurance And Claims 23,644 24,081 26,938 0.00
Net Income Continuous Operations -5.5M -3.8M -2.3M -8.9M
Net Non Operating Interest Income Expense 68,217 -29,700 -35,371 -30,200
Other Gand A 194,733 203,520 99,096 153,773
Reconciled Cost Of Revenue 99,532 98,776 95,824 99,143
Salaries And Wages 1.1M 613,157 559,290 328,115
Total Expenses 5.6M 3.9M 2.3M 2.8M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 9.7M 3.6M 1.6M 2.0M
Cash Cash Equivalents And Short Term Investments 9.8M 3.6M 1.6M 2.0M
Cash Financial 9.7M 3.6M 1.6M --
Other Short Term Investments 24,856 21,980 12,304 57,811
Receivables 104,514 76,009 20,013 75,326
Prepaid Assets 69,961 23,029 23,565 0.00
Current Assets 9.9M 3.7M 1.6M 2.1M
Gross PPE 5.2M 5.3M 5.3M 5.2M
Accumulated Depreciation -667,682 -568,150 -469,374 -373,550
Net PPE 4.5M 4.7M 4.8M 4.9M
Total Non Current Assets 4.6M 4.8M 4.8M 4.9M
Total Assets 14.5M 8.5M 6.5M 7.0M
Current Debt And Capital Lease Obligation 103,596 110,634 102,340 91,426
Accounts Payable 447,157 243,938 96,695 47,253
Payables 447,157 243,938 96,695 47,253
Payables And Accrued Expenses 610,209 385,516 226,273 186,501
Current Accrued Expenses 163,052 141,578 129,578 139,248
Other Current Liabilities -- -- -1.00 --
Current Liabilities 1.4M 556,150 328,612 277,927
Long Term Debt And Capital Lease Obligation 140,973 310,142 420,777 509,834
Long Term Capital Lease Obligation 140,973 310,142 420,777 509,834
Other Non Current Liabilities -- -- 1.00 --
Total Non Current Liabilities Net Minority Interest 140,973 310,142 420,778 509,834
Total Liabilities Net Minority Interest 1.5M 866,292 749,390 787,761
Common Stock 56.5M 46.4M 41.2M 39.6M
Capital Stock 56.5M 46.4M 41.2M 39.6M
Retained Earnings -45.7M -40.4M -36.6M -34.6M
Gains Losses Not Affecting Retained Earnings 2.2M 1.6M 1.0M 1.2M
Common Stock Equity 13.0M 7.6M 5.7M 6.2M
Stockholders Equity 13.0M 7.6M 5.7M 6.2M
Total Equity Gross Minority Interest 13.0M 7.6M 5.7M 6.2M
Total Capitalization 13.0M 7.6M 5.7M 6.2M
Net Tangible Assets 13.0M 7.6M 5.7M 6.2M
Tangible Book Value 13.0M 7.6M 5.7M 6.2M
Working Capital 8.5M 3.2M 1.3M 1.8M
Invested Capital 13.0M 7.6M 5.7M 6.2M
Total Debt 244,569 420,776 523,117 601,260
Share Issued 224.7M 166.8M 130.4M 103.8M
Ordinary Shares Number 224.7M 166.8M 130.4M 103.8M
Capital Lease Obligations 244,569 420,776 523,117 601,260
Construction In Progress 115,468 115,468 115,468 112,000
Current Capital Lease Obligation 103,596 110,634 102,340 91,426
Current Deferred Liabilities 671,220 60,000 0.00 0.00
Leases -- -- 0.00 0.00
Non Current Prepaid Assets 39,278 39,278 39,278 39,278
Other Properties 5.1M 5.2M 5.1M 5.1M
Other Receivables 6,820 12,551 8,594 56,440
Taxes Receivable 97,694 63,458 11,419 18,886
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow -4.6M -3.4M -1.8M -2.6M
Cash Flow From Continuing Operating Activities -4.6M -3.4M -1.8M -2.6M
Depreciation And Amortization 99,532 98,776 95,824 99,143
Depreciation Amortization Depletion 99,532 98,776 95,824 99,143
Stock Based Compensation 687,448 216,673 205,869 0.00
Change In Working Capital 149,256 103,783 71,520 -12,146
Change In Receivables -28,506 -55,996 55,313 21,904
Change In Payables And Accrued Expense 224,694 159,243 39,772 -34,050
Other Non Cash Items -63,440 32,316 37,556 -13,802
Capital Expenditure -3,474 -25,450 -- --
Purchase Of PPE -3,474 -25,450 0.00 --
Net PPE Purchase And Sale -3,474 -25,450 0.00 --
Sale Of Investment -- -- 0.00 78,025
Net Investment Purchase And Sale -- -- 0.00 78,025
Investing Cash Flow -3,474 -25,450 -3,468 38,025
Cash Flow From Continuing Investing Activities -3,474 -25,450 -3,468 38,025
Repayment Of Debt -136,662 -134,657 -128,983 -97,206
Net Issuance Payments Of Debt -136,662 -134,657 -128,983 -97,206
Issuance Of Capital Stock 8.6M 5.4M 1.6M 1.8M
Net Common Stock Issuance 8.6M 5.4M 1.6M 1.8M
Financing Cash Flow 10.7M 5.4M 1.4M 1.7M
Cash Flow From Continuing Financing Activities 10.7M 5.4M 1.4M 1.7M
Changes In Cash 6.1M 2.0M -398,908 -841,503
Beginning Cash Position 3.6M 1.6M 2.0M 2.8M
End Cash Position 9.7M 3.6M 1.6M 2.0M
Free Cash Flow -4.6M -3.4M -1.8M -2.6M
Asset Impairment Charge 25,450 0.00 0.00 6.3M
Change In Prepaid Assets -46,932 536.00 -23,565 0.00
Common Stock Issuance 8.6M 5.4M 1.6M 1.8M
Depreciation 99,532 98,776 95,824 99,143
Gain Loss On Investment Securities -- -- -- 4,299
Gain Loss On Sale Of PPE -- -- 0.00 -21,001
Long Term Debt Payments -136,662 -134,657 -128,983 -97,206
Net Income From Continuing Operations -5.5M -3.8M -2.3M -8.9M
Net Long Term Debt Issuance -136,662 -134,657 -128,983 -97,206
Net Other Financing Charges -342,934 -255,618 -42,913 -92,667
Net Other Investing Changes -- -- -3,468 -40,000
Operating Gains Losses -- -- -- -16,702
Proceeds From Stock Option Exercised 2.5M 399,350 0.00 90,965
Unrealized Gain Loss On Investment Securities -2,875 -9,676 45,507 13,318
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