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Max Resource 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 128,137 120,658 46,878 19,600
Gross Profit -128,137 -120,658 -46,878 -19,600
Selling General And Administration 3.9M 2.0M 3.9M 2.6M
General And Administrative Expense 3.7M 1.7M 3.5M 2.1M
Other Operating Expenses 1.8M 1.9M 1.6M 2.4M
Operating Expense 5.7M 3.8M 5.5M 5.0M
Operating Income -5.9M -4.0M -5.5M -5.0M
EBIT -5.7M -7.5M -5.7M -5.0M
Interest Expense 0.00 38,583 0.00 --
Interest Expense Non Operating 0.00 38,583 0.00 --
Interest Income 153,452 460,542 290,451 6,354
Interest Income Non Operating 153,452 460,542 290,451 6,354
Net Interest Income 153,452 421,959 290,451 6,354
Other Income Expense 39,145 -4.0M -415,667 -50,440
Other Non Operating Income Expenses 57,680 -- -- --
Special Income Charges 0.00 -3.9M -293,207 0.00
Gain On Sale Of Security -18,535 -169,996 -122,460 -50,440
Pretax Income -5.7M -7.6M -5.7M -5.1M
Tax Effect Of Unusual Items 0.00 0.00 0.00 0.00
Net Income From Continuing And Discontinued Operation -5.7M -7.6M -5.7M -5.1M
Net Income From Continuing Operation Net Minority Interest -5.7M -7.6M -5.7M -5.1M
Net Income Including Noncontrolling Interests -5.7M -7.6M -5.7M -5.1M
Net Income Common Stockholders -5.7M -7.6M -5.7M -5.1M
Net Income -5.7M -7.6M -5.7M -5.1M
EBITDA -5.5M -7.4M -5.6M -5.0M
Normalized EBITDA -5.5M -3.4M -5.2M -5.0M
Reconciled Depreciation 128,137 120,658 46,878 19,600
Basic EPS -0.12 -0.20 -0.16 -0.20
Diluted EPS -0.12 -0.20 -0.16 -0.20
Basic Average Shares 44.5M 40.9M 35.8M 23.4M
Diluted Average Shares 44.5M 40.9M 35.8M 23.4M
Total Unusual Items -18,535 -4.0M -415,667 -50,440
Total Unusual Items Excluding Goodwill -18,535 -4.0M -415,667 -50,440
Tax Rate For Calcs 0.00 0.00 0.00 0.00
Normalized Income -5.7M -3.5M -5.2M -5.0M
Diluted NI Availto Com Stockholders -5.7M -7.6M -5.7M -5.1M
Impairment Of Capital Assets 0.00 4.1M 0.00 0.00
Net Income Continuous Operations -5.7M -7.6M -5.7M -5.1M
Net Non Operating Interest Income Expense 153,452 421,959 290,451 6,354
Other Gand A 1.7M 1.7M 1.8M 1.4M
Other Special Charges -- -247,878 293,207 --
Reconciled Cost Of Revenue 128,137 120,658 46,878 19,600
Salaries And Wages 2.1M 0.00 1.6M 674,490
Selling And Marketing Expense 183,282 261,793 439,407 504,034
Total Expenses 5.9M 4.0M 5.5M 5.0M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 2.0M 6.3M 15.5M 691,958
Cash Cash Equivalents And Short Term Investments 2.0M 6.3M 15.5M 691,958
Cash Equivalents 87,844 5.6M 3.0M 0.00
Cash Financial 1.9M 678,148 12.5M 691,958
Accounts Receivable 0.00 19.00 135,945 3,244
Receivables 21,165 122,744 297,486 34,715
Prepaid Assets 655,996 129,548 89,275 180,902
Current Assets 4.7M 6.6M 16.0M 1.0M
Gross PPE 15.4M 12.4M 9.7M 2.3M
Accumulated Depreciation -269,884 -202,891 -82,233 -35,355
Net PPE 15.1M 12.2M 9.6M 2.2M
Total Non Current Assets 15.1M 12.2M 9.6M 2.2M
Total Assets 19.9M 18.8M 25.6M 3.2M
Current Debt -- 33,762 22,294 --
Current Debt And Capital Lease Obligation 36,279 66,702 22,294 --
Accounts Payable 2.1M 930,946 1.4M 386,139
Payables 3.1M 930,946 1.4M 386,139
Payables And Accrued Expenses 3.4M 1.2M 1.6M 487,824
Current Accrued Expenses 301,321 277,492 220,424 101,685
Current Liabilities 4.0M 1.3M 1.6M 487,824
Long Term Debt -- -- 270,913 --
Long Term Debt And Capital Lease Obligation 53,657 -- 270,913 --
Long Term Capital Lease Obligation 53,657 0.00 -- --
Total Non Current Liabilities Net Minority Interest 53,657 0.00 270,913 0.00
Total Liabilities Net Minority Interest 4.0M 1.3M 1.9M 487,824
Common Stock 60.2M 59.0M 57.6M 33.9M
Capital Stock 60.2M 59.0M 57.6M 33.9M
Retained Earnings -54.4M -48.8M -41.2M -35.5M
Gains Losses Not Affecting Retained Earnings -31,633 0.00 -- --
Other Equity Adjustments -31,633 -- -- --
Common Stock Equity 15.8M 17.5M 23.6M 2.7M
Stockholders Equity 15.8M 17.5M 23.6M 2.7M
Total Equity Gross Minority Interest 15.8M 17.5M 23.6M 2.7M
Total Capitalization 15.8M 17.5M 23.9M 2.7M
Net Tangible Assets 15.8M 17.5M 23.6M 2.7M
Tangible Book Value 15.8M 17.5M 23.6M 2.7M
Working Capital 757,568 5.3M 14.3M 514,582
Invested Capital 15.8M 17.5M 23.9M 2.7M
Total Debt 89,936 66,702 293,207 --
Share Issued 45.0M 44.0M 40.5M 25.4M
Ordinary Shares Number 45.0M 44.0M 40.5M 25.4M
Buildings And Improvements 113,808 80,491 -- --
Capital Lease Obligations 89,936 32,940 0.00 --
Current Capital Lease Obligation 36,279 32,940 0.00 --
Current Deferred Liabilities 489,860 0.00 -- --
Machinery Furniture Equipment 839,183 429,418 415,120 154,107
Other Current Borrowings -- 33,762 22,294 --
Other Equity Interest 10.1M 7.3M 7.3M 4.4M
Other Payable 1.0M -- -- --
Other Properties 14.5M 11.9M 9.2M 2.1M
Restricted Cash 2.0M 0.00 106,035 94,831
Taxes Receivable 21,165 122,725 161,541 31,471
Total Tax Payable 23,740 0.00 59.00 0.00
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow -2.6M -3.5M -3.6M -4.4M
Cash Flow From Continuing Operating Activities -2.6M -3.5M -3.6M -4.4M
Depreciation And Amortization 128,137 120,658 46,878 19,600
Depreciation Amortization Depletion 128,137 120,658 46,878 19,600
Stock Based Compensation 2.1M 0.00 1.6M 674,490
Change In Working Capital 873,832 8,160 106,461 -56,270
Changes In Account Receivables 19.00 135,926 -132,701 -3,244
Change In Receivables 101,579 180,419 -262,771 136,237
Change In Payables And Accrued Expense 808,841 -131,986 277,605 -247,017
Other Non Cash Items 10,956 45,925 -- --
Capital Expenditure -419,970 -61,130 -285,016 -56,984
Purchase Of PPE -419,970 -61,130 -285,016 -56,984
Net PPE Purchase And Sale 4.7M -61,130 -285,016 -56,984
Sale Of Business 0.00 5,391 0.00 --
Investing Cash Flow -1.6M -5.7M -6.5M -1.4M
Cash Flow From Continuing Investing Activities -1.6M -5.7M -6.5M -1.4M
Issuance Of Debt 0.00 33,762 0.00 --
Repayment Of Debt -82,183 -138,455 0.00 --
Net Issuance Payments Of Debt -82,183 -104,693 0.00 --
Issuance Of Capital Stock -- 0.00 25.4M 0.00
Net Common Stock Issuance -- 0.00 25.4M 0.00
Financing Cash Flow 1.9M -104,693 24.9M 1.9M
Cash Flow From Continuing Financing Activities 1.9M -104,693 24.9M 1.9M
Changes In Cash -2.3M -9.3M 14.8M -3.9M
Beginning Cash Position 6.3M 15.6M 786,789 4.7M
End Cash Position 4.0M 6.3M 15.6M 786,789
Free Cash Flow -3.0M -3.6M -3.9M -4.5M
Asset Impairment Charge 0.00 4.1M 0.00 0.00
Change In Prepaid Assets -36,588 -40,273 91,627 54,510
Common Stock Issuance -- 0.00 25.4M 0.00
Depreciation 128,137 120,658 46,878 19,600
Long Term Debt Payments -48,421 -138,455 0.00 --
Net Business Purchase And Sale 0.00 5,391 0.00 --
Net Foreign Currency Exchange Gain Loss -31,633 -350.00 0.00 --
Net Income From Continuing Operations -5.7M -7.6M -5.7M -5.1M
Net Long Term Debt Issuance -48,421 -138,455 0.00 --
Net Other Financing Charges 2.0M -- -686,315 --
Net Other Investing Changes -6.2M -5.6M -6.3M -1.3M
Net Short Term Debt Issuance -33,762 33,762 0.00 --
Operating Gains Losses -31,633 -248,228 293,207 --
Proceeds From Stock Option Exercised -- 0.00 202,700 1.9M
Sale Of PPE 5.1M 0.00 -- --
Short Term Debt Issuance 0.00 33,762 0.00 --
Short Term Debt Payments -33,762 0.00 -- --
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