Lithium South Development Corporation
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling General And Administration | 1.1M | 520,395 | 141,239 | 523,996 | 246,246 |
| General And Administrative Expense | 1.1M | 510,510 | 76,400 | 390,531 | 95,569 |
| Other Operating Expenses | 278,850 | 266,523 | 273,102 | 1.4M | 750,041 |
| Operating Expense | 1.4M | 786,918 | 414,341 | 1.9M | 996,287 |
| Operating Income | -1.4M | -786,918 | -414,341 | -1.9M | -996,287 |
| EBIT | -1.4M | -786,918 | -414,341 | -1.9M | -996,287 |
| Other Income Expense | 52,016 | 76,040 | -5,653 | 313,687 | 87,700 |
| Gain On Sale Of Security | 52,016 | 76,040 | -5,653 | 313,687 | 87,700 |
| Pretax Income | -1.4M | -710,878 | -419,994 | -1.6M | -908,587 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -1.4M | -710,878 | -419,994 | -1.6M | -908,587 |
| Net Income From Continuing Operation Net Minority Interest | -1.4M | -710,878 | -419,994 | -1.6M | -908,587 |
| Net Income Including Noncontrolling Interests | -1.4M | -710,878 | -419,994 | -1.6M | -908,587 |
| Net Income Common Stockholders | -1.4M | -710,878 | -419,994 | -1.6M | -908,587 |
| Net Income | -1.4M | -710,878 | -419,994 | -1.6M | -908,587 |
| EBITDA | -1.4M | -781,091 | -408,514 | -1.9M | -987,030 |
| Normalized EBITDA | -1.5M | -857,131 | -402,861 | -2.2M | -1.1M |
| Reconciled Depreciation | 5,827 | 5,827 | 5,827 | 10,071 | 9,257 |
| Basic EPS | -0.01 | -0.01 | 0.00 | -- | -0.01 |
| Diluted EPS | -0.01 | -0.01 | 0.00 | -- | -0.01 |
| Basic Average Shares | 111.9M | 110.3M | 110.3M | -- | 110.2M |
| Diluted Average Shares | 111.9M | 110.3M | 110.3M | -- | 110.2M |
| Total Unusual Items | 52,016 | 76,040 | -5,653 | 313,687 | 87,700 |
| Total Unusual Items Excluding Goodwill | 52,016 | 76,040 | -5,653 | 313,687 | 87,700 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -1.4M | -786,918 | -414,341 | -1.9M | -996,287 |
| Diluted NI Availto Com Stockholders | -1.4M | -710,878 | -419,994 | -1.6M | -908,587 |
| Net Income Continuous Operations | -1.4M | -710,878 | -419,994 | -1.6M | -908,587 |
| Other Gand A | 94,149 | 97,380 | 76,400 | 308,013 | 95,569 |
| Salaries And Wages | 977,475 | 413,130 | -- | 82,518 | 0.00 |
| Selling And Marketing Expense | 68,096 | 9,885 | 64,839 | 133,465 | 150,677 |
| Total Expenses | 1.4M | 786,918 | 414,341 | 1.9M | 996,287 |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 389,081 | 123,619 | 288,741 | 616,522 | 1.2M |
| Cash Cash Equivalents And Short Term Investments | 389,081 | 123,619 | 288,741 | 616,522 | 1.2M |
| Accounts Receivable | 17,522 | 5,516 | 33,713 | 31,041 | 24,864 |
| Receivables | 17,522 | 5,516 | 33,713 | 31,041 | 24,864 |
| Prepaid Assets | 21,479 | 20,380 | 21,088 | 93,373 | 78,988 |
| Current Assets | 428,082 | 149,515 | 343,542 | 740,936 | 1.3M |
| Gross PPE | 12.2M | 12.2M | 12.2M | 12.2M | 12.2M |
| Net PPE | 12.2M | 12.2M | 12.2M | 12.2M | 12.2M |
| Total Non Current Assets | 12.2M | 12.2M | 12.2M | 12.2M | 12.2M |
| Total Assets | 12.6M | 12.3M | 12.5M | 12.9M | 13.6M |
| Accounts Payable | 521,524 | 528,189 | 553,764 | 603,503 | 12,965 |
| Payables | 1.2M | 1.1M | 1.0M | 1.0M | 12,965 |
| Payables And Accrued Expenses | 1.2M | 1.1M | 1.0M | 1.0M | 12,965 |
| Current Accrued Expenses | -- | -- | -- | 418,296 | 0.00 |
| Current Liabilities | 1.2M | 1.1M | 1.0M | 1.0M | 12,965 |
| Total Non Current Liabilities Net Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities Net Minority Interest | 1.2M | 1.1M | 1.0M | 1.0M | 12,965 |
| Common Stock | 71.8M | 71.2M | 71.2M | 71.2M | 71.5M |
| Capital Stock | 71.8M | 71.2M | 71.2M | 71.2M | 71.5M |
| Retained Earnings | -79.3M | -77.9M | -77.2M | -76.8M | -75.2M |
| Gains Losses Not Affecting Retained Earnings | 18.9M | 17.9M | 17.5M | 17.5M | 17.2M |
| Common Stock Equity | 11.4M | 11.2M | 11.5M | 11.9M | 13.5M |
| Stockholders Equity | 11.4M | 11.2M | 11.5M | 11.9M | 13.5M |
| Total Equity Gross Minority Interest | 11.4M | 11.2M | 11.5M | 11.9M | 13.5M |
| Total Capitalization | 11.4M | 11.2M | 11.5M | 11.9M | 13.5M |
| Net Tangible Assets | 11.4M | 11.2M | 11.5M | 11.9M | 13.5M |
| Tangible Book Value | 11.4M | 11.2M | 11.5M | 11.9M | 13.5M |
| Working Capital | -771,453 | -986,951 | -695,030 | -280,863 | 1.3M |
| Invested Capital | 11.4M | 11.2M | 11.5M | 11.9M | 13.5M |
| Share Issued | 113.3M | 110.3M | 110.3M | 110.3M | 110.2M |
| Ordinary Shares Number | 113.3M | 110.3M | 110.3M | 110.3M | 110.2M |
| Dueto Related Parties Current | 678,011 | 608,277 | 484,808 | 418,296 | 0.00 |
| Other Properties | 12.2M | 12.2M | 12.2M | 12.2M | 12.2M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | -333,288 | -165,122 | -327,781 | -618,755 | -1.0M |
| Cash Flow From Continuing Operating Activities | -333,288 | -165,082 | -327,821 | -618,755 | -1.0M |
| Depreciation And Amortization | 5,827 | 5,827 | 5,827 | 10,071 | 9,257 |
| Depreciation Amortization Depletion | 5,827 | 5,827 | 5,827 | 10,071 | 9,257 |
| Stock Based Compensation | 977,475 | -- | -- | 0.00 | 0.00 |
| Change In Working Capital | 49,964 | 126,839 | 86,346 | 988,272 | -111,674 |
| Change In Receivables | -12,006 | 28,197 | -2,672 | -6,177 | -6,007 |
| Change In Payables And Accrued Expense | 63,069 | 97,934 | 16,733 | 1.0M | -83,531 |
| Other Non Cash Items | -- | -- | 40.00 | -- | -- |
| Sale Of Investment | -- | -- | -- | 0.00 | -- |
| Net Investment Purchase And Sale | -- | -- | -- | 0.00 | -- |
| Investing Cash Flow | -- | -- | -- | 0.00 | 0.00 |
| Cash Flow From Continuing Investing Activities | -- | -- | -- | 0.00 | 0.00 |
| Issuance Of Capital Stock | 0.00 | 0.00 | 0.00 | 270.00 | 0.00 |
| Net Common Stock Issuance | 0.00 | 0.00 | 0.00 | 270.00 | 0.00 |
| Financing Cash Flow | 598,750 | 0.00 | 0.00 | 270.00 | 0.00 |
| Cash Flow From Continuing Financing Activities | 598,750 | 0.00 | 0.00 | 270.00 | 0.00 |
| Changes In Cash | 265,462 | -165,122 | -327,781 | -618,755 | -1.0M |
| Beginning Cash Position | 123,619 | 288,741 | 616,522 | 1.2M | 2.2M |
| End Cash Position | 389,081 | 123,619 | 288,741 | 616,522 | 1.2M |
| Free Cash Flow | -333,288 | -165,122 | -327,781 | -618,755 | -1.0M |
| Change In Prepaid Assets | -1,099 | 708.00 | 72,285 | -14,385 | -22,136 |
| Common Stock Issuance | 0.00 | 0.00 | 0.00 | 270.00 | 0.00 |
| Depreciation | 5,827 | 5,827 | 5,827 | 10,071 | 9,257 |
| Net Income From Continuing Operations | -1.4M | -710,878 | -419,994 | -1.6M | -908,587 |
| Proceeds From Stock Option Exercised | 598,750 | 0.00 | 0.00 | 0.00 | 0.00 |