Pacific Ridge Exploration Ltd.
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 |
| Cost Of Revenue | 61,693 | 72,619 | 32,258 | 41,106 |
| Gross Profit | -61,693 | -72,619 | -32,258 | -41,106 |
| Selling General And Administration | 884,725 | 1.8M | 2.0M | 1.1M |
| General And Administrative Expense | 884,725 | 1.8M | 2.0M | 1.1M |
| Other Operating Expenses | 2.5M | 7.3M | 5.8M | 2.2M |
| Operating Expense | 3.2M | 8.3M | 7.9M | 3.1M |
| Operating Income | -3.3M | -8.4M | -7.9M | -3.1M |
| EBIT | -3.3M | -7.8M | -7.7M | -2.8M |
| Interest Expense | 2,710 | 8,322 | 1,108 | 4,643 |
| Interest Expense Non Operating | 2,710 | 8,322 | 1,108 | 4,643 |
| Interest Income | 25,669 | 169,091 | 49,809 | 3,366 |
| Interest Income Non Operating | 25,669 | 169,091 | 49,809 | 3,366 |
| Net Interest Income | 22,959 | 160,769 | 48,701 | -1,277 |
| Other Income Expense | -65,163 | 396,739 | 141,904 | 320,549 |
| Special Income Charges | -61,000 | 0.00 | -429,619 | 0.00 |
| Gain On Sale Of Security | -4,163 | 396,739 | 571,523 | 320,549 |
| Pretax Income | -3.3M | -7.8M | -7.7M | -2.8M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -3.3M | -7.8M | -7.7M | -2.8M |
| Net Income From Continuing Operation Net Minority Interest | -3.3M | -7.8M | -7.7M | -2.8M |
| Net Income Including Noncontrolling Interests | -3.3M | -7.8M | -7.7M | -2.8M |
| Net Income Common Stockholders | -3.3M | -7.8M | -7.7M | -2.8M |
| Net Income | -3.3M | -7.8M | -7.7M | -2.8M |
| EBITDA | -3.2M | -7.7M | -7.7M | -2.8M |
| Normalized EBITDA | -3.2M | -8.1M | -7.8M | -3.1M |
| Reconciled Depreciation | 61,693 | 72,619 | 32,258 | 41,106 |
| Basic EPS | -0.21 | -0.66 | -1.00 | -0.60 |
| Diluted EPS | -0.21 | -0.66 | -1.00 | -0.60 |
| Basic Average Shares | 15.9M | 11.9M | 7.5M | 4.8M |
| Diluted Average Shares | 15.9M | 11.9M | 7.5M | 4.8M |
| Total Unusual Items | -65,163 | 396,739 | 141,904 | 320,549 |
| Total Unusual Items Excluding Goodwill | -65,163 | 396,739 | 141,904 | 320,549 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -3.2M | -8.2M | -7.8M | -3.1M |
| Diluted NI Availto Com Stockholders | -3.3M | -7.8M | -7.7M | -2.8M |
| Impairment Of Capital Assets | 61,000 | 0.00 | 429,619 | 0.00 |
| Insurance And Claims | 23,114 | 33,950 | 26,559 | 20,160 |
| Net Income Continuous Operations | -3.3M | -7.8M | -7.7M | -2.8M |
| Net Non Operating Interest Income Expense | 22,959 | 160,769 | 48,701 | -1,277 |
| Other Gand A | 856,153 | 1.2M | 1.2M | 862,608 |
| Other Taxes | -151,125 | -867,362 | 0.00 | -213,855 |
| Reconciled Cost Of Revenue | 61,693 | 72,619 | 32,258 | 41,106 |
| Salaries And Wages | 5,458 | 549,320 | 805,613 | 233,508 |
| Total Expenses | 3.3M | 8.4M | 7.9M | 3.1M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 12,095 | 541,840 | 7.8M | 549,391 |
| Cash Cash Equivalents And Short Term Investments | 12,095 | 541,840 | 7.9M | 603,391 |
| Cash Financial | 12,095 | 541,840 | 7.8M | 549,391 |
| Other Short Term Investments | -- | 0.00 | 44,833 | 54,000 |
| Receivables | 45,375 | 80,983 | 48,286 | 31,012 |
| Prepaid Assets | 48,790 | 49,241 | 42,719 | 83,792 |
| Current Assets | 106,260 | 672,064 | 7.9M | 718,195 |
| Gross PPE | 4.3M | 4.4M | 611,474 | 597,067 |
| Accumulated Depreciation | -- | -- | -36,730 | 0.00 |
| Net PPE | 4.3M | 4.4M | 611,474 | 597,067 |
| Other Non Current Assets | 78,142 | 64,642 | 64,642 | 21,000 |
| Total Non Current Assets | 4.4M | 4.5M | 676,116 | 618,067 |
| Total Assets | 4.5M | 5.2M | 8.6M | 1.3M |
| Current Debt And Capital Lease Obligation | 4,203 | 58,396 | -- | 29,252 |
| Accounts Payable | 156,146 | 158,138 | 372,549 | -- |
| Payables | 156,146 | 320,480 | 372,549 | -- |
| Payables And Accrued Expenses | 156,146 | 320,480 | 372,549 | 222,795 |
| Other Current Liabilities | 4,817 | 249,177 | 1.4M | -- |
| Current Liabilities | 165,166 | 628,053 | 1.8M | 252,047 |
| Long Term Debt And Capital Lease Obligation | -- | 4,317 | -- | -- |
| Long Term Capital Lease Obligation | 0.00 | 4,317 | 0.00 | 0.00 |
| Total Non Current Liabilities Net Minority Interest | 0.00 | 4,317 | 0.00 | 0.00 |
| Total Liabilities Net Minority Interest | 165,166 | 632,370 | 1.8M | 252,047 |
| Common Stock | 66.1M | 63.2M | 58.1M | 46.3M |
| Capital Stock | 66.1M | 63.2M | 58.1M | 46.3M |
| Additional Paid In Capital | 6.0M | 5.8M | 5.3M | 3.7M |
| Retained Earnings | -67.7M | -64.4M | -56.6M | -48.9M |
| Gains Losses Not Affecting Retained Earnings | -- | 0.00 | -12,500 | 1,000 |
| Other Equity Adjustments | -- | -- | -12,500 | 1,000 |
| Common Stock Equity | 4.4M | 4.5M | 6.8M | 1.1M |
| Stockholders Equity | 4.4M | 4.5M | 6.8M | 1.1M |
| Total Equity Gross Minority Interest | 4.4M | 4.5M | 6.8M | 1.1M |
| Total Capitalization | 4.4M | 4.5M | 6.8M | 1.1M |
| Net Tangible Assets | 4.4M | 4.5M | 6.8M | 1.1M |
| Tangible Book Value | 4.4M | 4.5M | 6.8M | 1.1M |
| Working Capital | -58,906 | 44,011 | 6.2M | 466,148 |
| Invested Capital | 4.4M | 4.5M | 6.8M | 1.1M |
| Total Debt | 4,203 | 62,713 | 0.00 | 29,252 |
| Share Issued | 17.4M | 13.0M | 10.4M | 5.4M |
| Ordinary Shares Number | 17.4M | 13.0M | 10.4M | 5.4M |
| Buildings And Improvements | -- | -- | 27,652 | 27,652 |
| Capital Lease Obligations | 4,203 | 62,713 | 0.00 | 29,252 |
| Current Capital Lease Obligation | 4,203 | 58,396 | 0.00 | 29,252 |
| Income Tax Payable | 0.00 | 162,342 | 0.00 | -- |
| Machinery Furniture Equipment | 8,167 | 9,425 | 8,686 | 11,347 |
| Other Properties | 4.3M | 4.4M | 602,788 | 558,068 |
| Other Receivables | 45,375 | 80,983 | 48,286 | 31,012 |
| Total Tax Payable | 0.00 | 162,342 | 0.00 | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -3.5M | -8.9M | -6.9M | -3.0M |
| Cash Flow From Continuing Operating Activities | -3.5M | -8.9M | -6.9M | -3.0M |
| Depreciation And Amortization | 61,693 | 72,619 | 32,258 | 41,106 |
| Depreciation Amortization Depletion | 61,693 | 72,619 | 32,258 | 41,106 |
| Stock Based Compensation | 5,458 | 549,320 | 805,613 | 233,508 |
| Deferred Tax | -151,125 | -1.0M | 0.00 | -213,855 |
| Deferred Income Tax | -151,125 | -1.0M | 0.00 | -213,855 |
| Change In Working Capital | -128,274 | -91,950 | 114,579 | 21,653 |
| Change In Receivables | 35,608 | -32,697 | -17,274 | -23,032 |
| Change In Payables And Accrued Expense | -164,333 | -52,732 | 90,780 | 118,890 |
| Change In Payable | -164,333 | -52,732 | 90,780 | -- |
| Other Non Cash Items | -22,959 | -560,769 | -628,034 | -301,723 |
| Capital Expenditure | -4,110 | -5,687 | -1,945 | -11,282 |
| Purchase Of PPE | -4,110 | -5,687 | -1,945 | -11,282 |
| Net PPE Purchase And Sale | -4,110 | -5,687 | -1,945 | -11,282 |
| Sale Of Investment | 0.00 | 23,275 | 0.00 | -- |
| Net Investment Purchase And Sale | 0.00 | 23,275 | 0.00 | -- |
| Investing Cash Flow | -15,247 | 516,311 | 522,133 | 278,134 |
| Cash Flow From Continuing Investing Activities | -15,247 | 516,311 | 522,133 | 278,134 |
| Repayment Of Debt | -61,220 | -73,515 | -29,252 | -37,447 |
| Net Issuance Payments Of Debt | -61,220 | -73,515 | -29,252 | -37,447 |
| Issuance Of Capital Stock | 3.5M | 661,080 | 14.2M | 2.6M |
| Net Common Stock Issuance | 3.5M | 661,080 | 14.2M | 2.6M |
| Financing Cash Flow | 3.0M | 1.1M | 13.7M | 2.7M |
| Cash Flow From Continuing Financing Activities | 3.0M | 1.1M | 13.7M | 2.7M |
| Effect Of Exchange Rate Changes | 0.00 | -3,901 | -3,760 | -3,160 |
| Changes In Cash | -529,745 | -7.3M | 7.3M | -76,169 |
| Beginning Cash Position | 541,840 | 7.8M | 549,391 | 628,720 |
| End Cash Position | 12,095 | 541,840 | 7.8M | 549,391 |
| Free Cash Flow | -3.5M | -8.9M | -7.0M | -3.0M |
| Asset Impairment Charge | 61,000 | 0.00 | 429,619 | 0.00 |
| Cash Dividends Paid | -- | 0.00 | 0.00 | 0.00 |
| Change In Account Payable | -1,991 | -215,074 | 90,780 | -- |
| Change In Income Tax Payable | -162,342 | 162,342 | 0.00 | -- |
| Change In Prepaid Assets | 451.00 | -6,521 | 41,073 | -74,205 |
| Change In Tax Payable | -162,342 | 162,342 | 0.00 | -- |
| Common Stock Issuance | 3.5M | 661,080 | 14.2M | 2.6M |
| Depreciation | 61,693 | 72,619 | 32,258 | 41,106 |
| Gain Loss On Sale Of PPE | -- | -- | -- | -3,366 |
| Interest Paid Cff | -- | -8,322 | -1,108 | -4,643 |
| Interest Received Cfi | 25,669 | 169,091 | 49,809 | 3,366 |
| Long Term Debt Payments | -61,220 | -73,515 | -29,252 | -37,447 |
| Net Foreign Currency Exchange Gain Loss | 0.00 | 3,901 | 3,760 | 3,161 |
| Net Income From Continuing Operations | -3.3M | -7.8M | -7.7M | -2.8M |
| Net Investment Properties Purchase And Sale | -23,306 | -70,368 | -182,089 | -51,450 |
| Net Long Term Debt Issuance | -61,220 | -73,515 | -29,252 | -37,447 |
| Net Other Financing Charges | -464,440 | -192,887 | -820,511 | -42,081 |
| Net Other Investing Changes | -13,500 | 400,000 | 656,358 | 337,500 |
| Operating Gains Losses | -- | 3,901 | 3,760 | 3,161 |
| Proceeds From Stock Option Exercised | 26,250 | 677,500 | 334,657 | 113,760 |
| Purchase Of Investment Properties | -23,306 | -70,368 | -182,089 | -51,450 |