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Kane Biotech Inc.

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 2.1M 148,980 156,733 1.6M
Operating Revenue 2.1M 148,980 156,733 1.6M
Cost Of Revenue 1.2M 39,510 44,704 1.0M
Gross Profit 872,096 109,470 112,029 568,441
Selling General And Administration 3.1M 2.4M 2.5M 4.1M
General And Administrative Expense 3.1M 2.4M 2.5M 4.1M
Research And Development 1.7M 1.1M 1.0M 1.4M
Operating Expense 4.8M 3.5M 3.6M 5.5M
Operating Income -3.9M -3.4M -3.5M -4.9M
EBIT -3.9M -3.3M -3.2M -4.4M
Interest Expense 545,480 1.2M 816,664 416,057
Interest Expense Non Operating 545,480 1.2M 816,664 416,057
Interest Income 4,943 5,665 15,463 121,929
Interest Income Non Operating 4,943 5,665 15,463 121,929
Net Interest Income -540,537 -1.2M -801,201 -294,128
Other Income Expense -7,819 4,391 237,168 327,773
Other Non Operating Income Expenses -- 3,770 254,898 323,798
Gain On Sale Of Security -7,819 621.00 -17,730 3,975
Pretax Income -4.5M -4.6M -4.0M -4.8M
Tax Provision -1.3M 0.00 -- --
Tax Effect Of Unusual Items -2,291 0.00 0.00 0.00
Net Income From Continuing And Discontinued Operation 6.1M -5.0M -3.9M -4.6M
Net Income From Continuing Operation Net Minority Interest -3.2M -4.3M -4.1M -4.6M
Net Income Including Noncontrolling Interests 6.2M -5.3M -3.8M -4.8M
Minority Interests -68,315 235,950 -65,892 245,346
Net Income Common Stockholders 6.1M -5.0M -3.9M -4.6M
Net Income 6.1M -5.0M -3.9M -4.6M
EBITDA -3.7M -3.1M -2.9M -4.2M
Normalized EBITDA -3.7M -3.1M -2.9M -4.2M
Reconciled Depreciation 218,470 238,590 257,682 187,970
Basic EPS -0.02 -0.04 -0.03 -0.04
Diluted EPS -0.02 -0.04 -0.03 -0.04
Basic Average Shares 133.9M 127.1M 120.7M 112.6M
Diluted Average Shares 133.9M 127.1M 120.7M 112.6M
Total Unusual Items -7,819 621.00 -17,730 3,975
Total Unusual Items Excluding Goodwill -7,819 621.00 -17,730 3,975
Tax Rate For Calcs 0.29 0.00 0.00 0.00
Normalized Income -3.2M -4.3M -4.1M -4.6M
Diluted NI Availto Com Stockholders 6.1M -5.0M -3.9M -4.6M
Net Income Continuous Operations -3.2M -4.6M -4.0M -4.8M
Net Income Discontinuous Operations 9.3M -707,708 197,638 --
Net Non Operating Interest Income Expense -540,537 -1.2M -801,201 -294,128
Other Gand A 3.1M 2.4M 2.5M 4.1M
Reconciled Cost Of Revenue 1.2M 39,510 44,704 1.0M
Total Expenses 6.0M 3.5M 3.6M 6.5M
Total Operating Income As Reported -3.9M -3.4M -3.5M -4.9M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 358,813 749,248 1.1M 1.2M
Cash Cash Equivalents And Short Term Investments 358,813 749,248 1.1M 1.2M
Accounts Receivable 13,692 3,935 321,009 184,159
Receivables 88,084 103,102 1.1M 1.1M
Inventory 376,034 250,417 763,471 519,228
Other Current Assets 205,928 148,645 171,023 137,223
Current Assets 1.0M 3.7M 3.1M 2.9M
Gross PPE 1.6M 1.6M 1.7M 1.8M
Accumulated Depreciation -718,991 -562,576 -481,705 -358,858
Net PPE 929,262 1.1M 1.3M 1.4M
Goodwill And Other Intangible Assets 536,055 733,284 826,452 828,643
Other Intangible Assets 536,055 733,284 826,452 828,643
Other Non Current Assets -- 158,805 -- --
Total Non Current Assets 1.5M 2.0M 2.5M 3.3M
Total Assets 2.5M 5.7M 5.6M 6.1M
Current Debt 344,224 7.0M 4.2M 2.4M
Current Debt And Capital Lease Obligation 461,726 7.1M 4.3M 2.5M
Accounts Payable 1.2M 437,008 602,803 626,210
Payables 1.8M 1.6M 1.9M 2.1M
Payables And Accrued Expenses 1.8M 1.6M 1.9M 2.1M
Current Deferred Revenue 0.00 751,384 207,644 143,488
Other Current Liabilities 120,000 1.4M -- --
Current Liabilities 2.4M 10.9M 6.3M 4.7M
Long Term Debt 958,238 1.3M 1.6M 1.1M
Long Term Debt And Capital Lease Obligation 1.7M 2.2M 2.6M 2.2M
Long Term Capital Lease Obligation 755,210 872,712 983,388 1.1M
Total Non Current Liabilities Net Minority Interest 1.7M 3.2M 3.4M 3.0M
Total Liabilities Net Minority Interest 4.1M 14.1M 9.8M 7.7M
Common Stock 24.4M 23.7M 23.1M 22.2M
Capital Stock 24.4M 23.7M 23.1M 22.2M
Additional Paid In Capital 8.3M 7.7M 7.4M 5.5M
Retained Earnings -34.4M -42.1M -37.1M -33.2M
Common Stock Equity -1.6M -10.6M -6.5M -3.9M
Stockholders Equity -1.6M -10.6M -6.5M -3.9M
Total Equity Gross Minority Interest -1.6M -8.4M -4.1M -1.6M
Minority Interest 0.00 2.1M 2.4M 2.3M
Total Capitalization -670,999 -9.3M -4.9M -2.8M
Net Tangible Assets -2.2M -11.3M -7.3M -4.7M
Tangible Book Value -2.2M -11.3M -7.3M -4.7M
Working Capital -1.4M -7.2M -3.2M -1.8M
Invested Capital -326,775 -2.3M -753,367 -391,309
Total Debt 2.2M 9.3M 6.9M 4.7M
Net Debt 943,649 7.5M 4.7M 2.3M
Share Issued 137.8M 131.8M 124.8M 114.8M
Ordinary Shares Number 137.8M 131.8M 124.8M 114.8M
Assets Held For Sale Current 0.00 2.5M 0.00 --
Capital Lease Obligations 872,712 983,388 1.1M 1.2M
Current Capital Lease Obligation 117,502 110,676 104,246 132,641
Current Deferred Liabilities 0.00 751,384 207,644 143,488
Dueto Related Parties Current 0.00 8,066 8,066 8,066
Finished Goods 447,678 152,779 437,131 360,430
Inventories Adjustments Allowances -203,685 0.00 -2,980 -64,060
Liabilities Heldfor Sale Non Current 0.00 829,318 0.00 --
Line Of Credit 0.00 6.6M 4.0M 2.4M
Machinery Furniture Equipment 121,817 105,283 117,235 135,554
Non Current Accounts Receivable -- -- 444,169 859,281
Non Current Deferred Liabilities 0.00 191,418 837,301 777,028
Non Current Deferred Revenue 0.00 191,418 837,301 777,028
Non Current Note Receivables -- -- 0.00 130,000
Other Current Borrowings 344,224 339,763 173,911 --
Other Equity Interest 65,767 140,600 -- 1.7M
Other Payable 642,126 1.2M 1.2M 1.4M
Other Properties 1.5M 1.5M 1.6M 1.7M
Other Receivables 74,392 99,167 736,341 886,710
Raw Materials 129,272 97,638 328,334 211,865
Work In Process 2,769 0.00 986.00 10,993
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow -4.1M -2.1M -3.0M -2.3M
Cash Flow From Continuing Operating Activities 2.0M -4.7M -2.7M -2.3M
Depreciation And Amortization 218,470 238,590 257,682 187,970
Depreciation Amortization Depletion 218,470 238,590 257,682 187,970
Stock Based Compensation 710,831 441,931 279,599 1.1M
Change In Working Capital -5.8M -1.4M -65,709 1.3M
Change In Receivables 15,018 5,816 279,569 44,400
Change In Inventory -125,617 -113,473 -70,786 -47,294
Change In Payables And Accrued Expense 250,649 199,037 -221,577 782,268
Change In Other Working Capital -5.9M -1.5M -93,488 506,904
Change In Other Current Assets -57,283 -54,667 40,573 6,261
Other Non Cash Items 4.2M 3.1M 515,296 -78,121
Capital Expenditure -90,138 -49,735 -81,232 -353,545
Purchase Of PPE -24,741 -9,215 -9,213 -186,673
Net PPE Purchase And Sale -24,741 -9,215 -9,213 -186,673
Sale Of Business 10.9M 0.00 -- --
Investing Cash Flow 10.3M 710,563 -107,549 -373,545
Cash Flow From Continuing Investing Activities 10.3M -876,438 -101,232 -373,545
Issuance Of Debt 0.00 2.0M 2.8M 1.8M
Repayment Of Debt -6.7M -482,246 -527,437 -535,851
Net Issuance Payments Of Debt -6.7M 1.5M 2.2M 1.3M
Issuance Of Capital Stock 0.00 415,841 973,704 0.00
Net Common Stock Issuance 0.00 415,841 973,704 0.00
Financing Cash Flow -7.7M 2.2M 3.1M 2.8M
Cash Flow From Continuing Financing Activities -7.0M 1.7M 2.6M 2.8M
Changes In Cash -2.7M -355,653 -48,189 145,167
Beginning Cash Position 1.1M 0.00 1.2M 1.0M
End Cash Position 358,813 749,248 1.1M 1.2M
Free Cash Flow -4.2M -2.1M -3.1M -2.6M
Amortization Cash Flow 57,344 72,062 77,190 48,982
Amortization Of Intangibles 57,344 72,062 77,190 48,982
Cash Dividends Paid 0.00 0.00 0.00 0.00
Cash From Discontinued Financing Activities -689,052 469,804 497,330 --
Cash From Discontinued Investing Activities -3,546 -66,405 -6,317 --
Cash From Discontinued Operating Activities -9.8M 639,712 -389,198 --
Common Stock Issuance 0.00 415,841 973,704 0.00
Depreciation 161,126 166,528 180,492 138,988
Gain Loss On Investment Securities -- 140,600 -- --
Gain Loss On Sale Of PPE 205,359 12,400 4,655 66,172
Interest Paid Cff -961,774 -257,989 -617,925 -54,664
Long Term Debt Issuance 0.00 2.0M 2.8M 1.8M
Long Term Debt Payments -6.7M -482,246 -527,437 -535,851
Net Business Purchase And Sale 10.9M 0.00 -- --
Net Income From Continuing Operations 6.2M -5.3M -3.8M -4.8M
Net Intangibles Purchase And Sale -65,397 -40,520 -72,019 -166,872
Net Long Term Debt Issuance -6.7M 1.5M 2.2M 1.3M
Net Other Financing Charges 120,000 826,703 500,000 486,225
Net Other Investing Changes -490,643 826,703 -20,000 -20,000
Operating Gains Losses 205,359 153,000 4,655 66,172
Other Cash Adjustment Outside Changein Cash 1.9M 1.1M 0.00 --
Proceeds From Stock Option Exercised 499,086 0.00 0.00 1.1M
Provisionand Write Offof Assets -- 0.00 178,203 0.00
Purchase Of Intangibles -65,397 -40,520 -72,019 -166,872
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