Lithium South Development 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 |
| Selling General And Administration | 1.5M | 3.5M | 5.5M | 6.8M |
| General And Administrative Expense | 799,133 | 2.0M | 3.7M | 5.2M |
| Other Operating Expenses | 4.2M | 7.3M | 6.9M | 1.2M |
| Operating Expense | 5.7M | 10.8M | 12.4M | 8.0M |
| Operating Income | -5.7M | -10.8M | -12.4M | -8.0M |
| EBIT | -5.7M | -10.8M | -12.4M | -8.0M |
| Interest Expense | -- | -- | -- | 0.00 |
| Interest Expense Non Operating | -- | -- | -- | 0.00 |
| Net Interest Income | -- | -- | -- | 0.00 |
| Other Income Expense | 417,943 | 2.3M | 3.3M | -3,288 |
| Special Income Charges | -- | -- | -- | 0.00 |
| Gain On Sale Of Security | 417,943 | 2.3M | 3.3M | -3,288 |
| Pretax Income | -5.3M | -8.5M | -9.2M | -8.0M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -5.3M | -8.5M | -9.2M | -8.0M |
| Net Income From Continuing Operation Net Minority Interest | -5.3M | -8.5M | -9.2M | -8.0M |
| Net Income Including Noncontrolling Interests | -5.3M | -8.5M | -9.2M | -8.0M |
| Net Income Common Stockholders | -5.3M | -8.5M | -9.2M | -8.0M |
| Net Income | -5.3M | -8.5M | -9.2M | -8.0M |
| EBITDA | -5.7M | -10.7M | -12.4M | -8.0M |
| Normalized EBITDA | -6.1M | -13.1M | -15.7M | -8.0M |
| Reconciled Depreciation | 34,426 | 37,742 | 47,176 | 0.00 |
| Basic EPS | -0.05 | -0.09 | -0.10 | -0.14 |
| Diluted EPS | -0.05 | -0.09 | -0.10 | -0.14 |
| Basic Average Shares | 104.4M | 96.8M | 96.0M | 59.0M |
| Diluted Average Shares | 104.4M | 96.8M | 96.0M | 59.0M |
| Total Unusual Items | 417,943 | 2.3M | 3.3M | -3,288 |
| Total Unusual Items Excluding Goodwill | 417,943 | 2.3M | 3.3M | -3,288 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -5.7M | -10.8M | -12.4M | -8.0M |
| Diluted NI Availto Com Stockholders | -5.3M | -8.5M | -9.2M | -8.0M |
| Net Income Continuous Operations | -5.3M | -8.5M | -9.2M | -8.0M |
| Net Non Operating Interest Income Expense | -- | -- | -- | 0.00 |
| Other Gand A | 716,615 | 1.1M | 1.4M | 1.5M |
| Salaries And Wages | 82,518 | 962,526 | 2.3M | 3.7M |
| Selling And Marketing Expense | 727,917 | 1.5M | 1.8M | 1.6M |
| Total Expenses | 5.7M | 10.8M | 12.4M | 8.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 616,522 | 1.5M | 3.6M | 13.6M |
| Cash Cash Equivalents And Short Term Investments | 616,522 | 1.5M | 8.7M | 16.0M |
| Other Short Term Investments | -- | 0.00 | 5.1M | 2.4M |
| Accounts Receivable | 31,041 | 59,360 | 154,917 | 101,348 |
| Receivables | 31,041 | 59,360 | 154,917 | 101,348 |
| Prepaid Assets | 93,373 | 309,234 | 144,512 | 1.2M |
| Current Assets | 740,936 | 1.9M | 9.0M | 17.4M |
| Gross PPE | 12.2M | 12.2M | 12.3M | 8.2M |
| Net PPE | 12.2M | 12.2M | 12.3M | 8.2M |
| Total Non Current Assets | 12.2M | 12.2M | 12.3M | 8.2M |
| Total Assets | 12.9M | 14.1M | 21.2M | 25.6M |
| Accounts Payable | 603,503 | 224,636 | 321,079 | 37,982 |
| Payables | 1.0M | 602,106 | 346,079 | 62,982 |
| Payables And Accrued Expenses | 1.0M | 602,106 | 346,079 | 62,982 |
| Current Accrued Expenses | 418,296 | 377,470 | 25,000 | 25,000 |
| Other Current Liabilities | -- | -- | -1.00 | -- |
| Current Liabilities | 1.0M | 602,106 | 346,079 | 62,982 |
| Total Non Current Liabilities Net Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities Net Minority Interest | 1.0M | 602,106 | 346,079 | 62,982 |
| Common Stock | 71.2M | 67.7M | 67.5M | 65.2M |
| Capital Stock | 71.2M | 67.7M | 67.5M | 65.2M |
| Retained Earnings | -76.8M | -71.5M | -63.0M | -53.9M |
| Gains Losses Not Affecting Retained Earnings | 17.5M | 17.2M | 16.4M | 14.1M |
| Common Stock Equity | 11.9M | 13.5M | 20.9M | 25.5M |
| Stockholders Equity | 11.9M | 13.5M | 20.9M | 25.5M |
| Total Equity Gross Minority Interest | 11.9M | 13.5M | 20.9M | 25.5M |
| Total Capitalization | 11.9M | 13.5M | 20.9M | 25.5M |
| Net Tangible Assets | 11.9M | 13.5M | 20.9M | 25.5M |
| Tangible Book Value | 11.9M | 13.5M | 20.9M | 25.5M |
| Working Capital | -280,863 | 1.3M | 8.6M | 17.3M |
| Invested Capital | 11.9M | 13.5M | 20.9M | 25.5M |
| Share Issued | 110.3M | 97.0M | 96.5M | 92.1M |
| Ordinary Shares Number | 110.3M | 97.0M | 96.5M | 92.1M |
| Dueto Related Parties Current | 418,296 | 377,470 | 25,000 | 25,000 |
| Other Properties | 12.2M | 12.2M | 12.3M | 8.2M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -4.6M | -7.4M | -5.5M | -6.5M |
| Cash Flow From Continuing Operating Activities | -4.6M | -7.4M | -5.5M | -6.5M |
| Depreciation And Amortization | 34,426 | 37,742 | 47,176 | 0.00 |
| Depreciation Amortization Depletion | 34,426 | 37,742 | 47,176 | 0.00 |
| Stock Based Compensation | 0.00 | 863,508 | 2.3M | 3.7M |
| Change In Working Capital | 663,873 | 186,862 | 1.3M | -2.1M |
| Change In Receivables | 28,319 | 95,557 | -53,569 | -50,673 |
| Change In Payables And Accrued Expense | 419,693 | 256,027 | 283,097 | -842,394 |
| Capital Expenditure | -- | -- | -2.8M | -1.2M |
| Purchase Of PPE | -- | 0.00 | -2.8M | -1.2M |
| Net PPE Purchase And Sale | -- | 0.00 | -2.8M | -1.2M |
| Purchase Of Investment | -- | 0.00 | -2.7M | -2.4M |
| Sale Of Investment | 0.00 | 5.1M | 0.00 | -- |
| Net Investment Purchase And Sale | 0.00 | 5.1M | -2.7M | -2.4M |
| Investing Cash Flow | 0.00 | 5.1M | -5.5M | -3.6M |
| Cash Flow From Continuing Investing Activities | 0.00 | 5.1M | -5.5M | -3.6M |
| Repayment Of Debt | -- | -- | 0.00 | -528,156 |
| Net Issuance Payments Of Debt | -- | -- | 0.00 | -528,156 |
| Issuance Of Capital Stock | 3.7M | 205,749 | 976,918 | 24.3M |
| Net Common Stock Issuance | 3.7M | 205,749 | 976,918 | 24.3M |
| Financing Cash Flow | 3.7M | 205,749 | 976,918 | 23.7M |
| Cash Flow From Continuing Financing Activities | 3.7M | 205,749 | 976,918 | 23.7M |
| Changes In Cash | -873,937 | -2.1M | -10.1M | 13.6M |
| Beginning Cash Position | 1.5M | 3.6M | 13.6M | 46,387 |
| End Cash Position | 616,522 | 1.5M | 3.6M | 13.6M |
| Free Cash Flow | -4.6M | -7.4M | -8.4M | -7.7M |
| Change In Prepaid Assets | 215,861 | -164,722 | 1.1M | -1.2M |
| Common Stock Issuance | 3.7M | 205,749 | 976,918 | 24.3M |
| Depreciation | 34,426 | 37,742 | 47,176 | 0.00 |
| Long Term Debt Payments | -- | -- | 0.00 | -528,156 |
| Net Income From Continuing Operations | -5.3M | -8.5M | -9.2M | -8.0M |
| Net Long Term Debt Issuance | -- | -- | 0.00 | -528,156 |
| Proceeds From Stock Option Exercised | 13,650 | 0.00 | -- | -- |