Quartz Mountain Resources Ltd.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Jul 31, 2025 | FY 2024Jul 31, 2024 | FY 2023Jul 31, 2023 | FY 2022Jul 31, 2022 | FY 2021Jul 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 | 9,895 | 9,895 | 9,895 | 9,895 | -- |
| Gross Profit | -9,895 | -9,895 | -9,895 | -9,895 | -- |
| Selling General And Administration | 643,788 | 134,204 | 763,005 | 497,716 | -- |
| General And Administrative Expense | 643,788 | 134,204 | 763,005 | 497,716 | -- |
| Other Operating Expenses | 2.9M | 2.4M | 164,911 | 634,799 | -- |
| Operating Expense | 3.6M | 2.5M | 927,916 | 1.1M | -- |
| Operating Income | -3.6M | -2.6M | -937,811 | -1.1M | -- |
| EBIT | -3.5M | -2.4M | -904,981 | -989,740 | -- |
| Interest Expense | 1,898 | 5,382 | 5,483 | 5,326 | -- |
| Interest Expense Non Operating | 1,898 | 5,382 | 5,483 | 5,326 | -- |
| Interest Income | 94,679 | 25,089 | 12,410 | 3,365 | -- |
| Interest Income Non Operating | 94,679 | 25,089 | 12,410 | 3,365 | -- |
| Net Interest Income | 92,781 | 19,707 | 6,927 | -1,961 | -- |
| Other Income Expense | 4,394 | 96,032 | 20,420 | 149,305 | -- |
| Other Non Operating Income Expenses | 5,508 | 96,533 | 20,735 | 150,000 | -- |
| Special Income Charges | -- | -- | 0.00 | 0.00 | 176,398 |
| Gain On Sale Of Security | -1,114 | -501.00 | -315.00 | -695.00 | -- |
| Pretax Income | -3.5M | -2.4M | -910,464 | -995,066 | -- |
| Tax Provision | 0.00 | 0.00 | -37.00 | 2,779 | -- |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | -0.01 | -182.16 | -- |
| Net Income From Continuing And Discontinued Operation | -3.5M | -2.4M | -910,427 | -997,845 | -- |
| Net Income From Continuing Operation Net Minority Interest | -3.5M | -2.4M | -910,427 | -997,845 | -- |
| Net Income Including Noncontrolling Interests | -3.5M | -2.4M | -910,427 | -997,845 | -- |
| Net Income Common Stockholders | -3.5M | -2.4M | -910,427 | -997,845 | -- |
| Net Income | -3.5M | -2.4M | -910,427 | -997,845 | -- |
| EBITDA | -3.5M | -2.4M | -895,086 | -979,845 | -- |
| Normalized EBITDA | -3.5M | -2.4M | -894,771 | -979,150 | -- |
| Reconciled Depreciation | 9,895 | 9,895 | 9,895 | 9,895 | -- |
| Basic EPS | -0.06 | -0.05 | -0.02 | -0.03 | -- |
| Diluted EPS | -0.06 | -0.05 | -0.02 | -0.03 | -- |
| Basic Average Shares | 62.6M | 48.8M | 43.2M | 37.2M | -- |
| Diluted Average Shares | 62.6M | 48.8M | 43.2M | 37.2M | -- |
| Total Unusual Items | -1,114 | -501.00 | -315.00 | -695.00 | -- |
| Total Unusual Items Excluding Goodwill | -1,114 | -501.00 | -315.00 | -695.00 | -- |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.26 | -- |
| Normalized Income | -3.5M | -2.4M | -910,112 | -997,332 | -- |
| Diluted NI Availto Com Stockholders | -3.5M | -2.4M | -910,427 | -997,845 | -- |
| Gain On Sale Of Ppe | -- | -- | 0.00 | 0.00 | 176,398 |
| Insurance And Claims | 24,929 | 23,481 | 23,968 | 22,963 | -- |
| Net Income Continuous Operations | -3.5M | -2.4M | -910,427 | -997,845 | -- |
| Net Non Operating Interest Income Expense | 92,781 | 19,707 | 6,927 | -1,961 | -- |
| Other Gand A | 202,117 | 110,723 | 98,177 | 75,613 | -- |
| Reconciled Cost Of Revenue | 9,895 | 9,895 | 9,895 | 9,895 | -- |
| Rent And Landing Fees | -- | -- | 4,376 | 5,326 | 1,456 |
| Rent Expense Supplemental | -- | -- | 4,376 | 5,326 | 1,456 |
| Salaries And Wages | 416,742 | 0.00 | 640,860 | 399,140 | -- |
| Total Expenses | 3.6M | 2.6M | 937,811 | 1.1M | -- |
| Total Other Finance Cost | -- | -- | -- | -- | 1,456 |
| Line Item | FY 2025Jul 31, 2025 | FY 2024Jul 31, 2024 | FY 2023Jul 31, 2023 | FY 2022Jul 31, 2022 | FY 2021Jul 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 3.1M | 1.9M | 97,469 | 321,791 | -- |
| Cash Cash Equivalents And Short Term Investments | 3.1M | 1.9M | 97,469 | 321,791 | -- |
| Cash Financial | 3.1M | 1.9M | 97,469 | 321,791 | -- |
| Receivables | 47,746 | 83,451 | 4,030 | 17,865 | -- |
| Prepaid Assets | 19,393 | 791.00 | 791.00 | 791.00 | -- |
| Current Assets | 3.2M | 2.0M | 121,390 | 340,447 | -- |
| Gross PPE | 1.0M | 1.0M | 742,211 | 502,106 | -- |
| Net PPE | 1.0M | 1.0M | 742,211 | 502,106 | -- |
| Total Non Current Assets | 1.0M | 1.0M | 742,211 | 502,106 | -- |
| Total Assets | 4.2M | 3.0M | 863,601 | 842,553 | -- |
| Current Debt And Capital Lease Obligation | 10,169 | 12,216 | 10,368 | 8,580 | -- |
| Accounts Payable | 125,561 | 226,060 | 23,121 | 170,736 | -- |
| Payables | 130,020 | 233,023 | 40,150 | 273,556 | -- |
| Payables And Accrued Expenses | 271,274 | 310,656 | 40,150 | 290,955 | -- |
| Current Accrued Expenses | 141,254 | 77,633 | 0.00 | 17,399 | -- |
| Current Liabilities | 281,443 | 322,872 | 50,518 | 299,535 | -- |
| Long Term Debt And Capital Lease Obligation | -- | 10,169 | 22,385 | 32,753 | 41,333 |
| Long Term Capital Lease Obligation | 0.00 | 10,169 | 22,385 | 32,753 | -- |
| Total Non Current Liabilities Net Minority Interest | 0.00 | 10,169 | 22,385 | 32,753 | -- |
| Total Liabilities Net Minority Interest | 281,443 | 333,041 | 72,903 | 332,288 | -- |
| Common Stock | 37.6M | 33.3M | 29.0M | 28.4M | -- |
| Capital Stock | 37.6M | 33.3M | 29.0M | 28.4M | -- |
| Retained Earnings | -35.5M | -32.1M | -29.6M | -28.7M | -- |
| Gains Losses Not Affecting Retained Earnings | -- | -- | -- | -- | 592,011 |
| Common Stock Equity | 3.9M | 2.7M | 790,698 | 510,265 | -- |
| Stockholders Equity | 3.9M | 2.7M | 790,698 | 510,265 | -- |
| Total Equity Gross Minority Interest | 3.9M | 2.7M | 790,698 | 510,265 | -- |
| Total Capitalization | 3.9M | 2.7M | 790,698 | 510,265 | -- |
| Net Tangible Assets | 3.9M | 2.7M | 790,698 | 510,265 | -- |
| Tangible Book Value | 3.9M | 2.7M | 790,698 | 510,265 | -- |
| Working Capital | 2.9M | 1.7M | 70,872 | 40,912 | -- |
| Invested Capital | 3.9M | 2.7M | 790,698 | 510,265 | -- |
| Total Debt | 10,169 | 22,385 | 32,753 | 41,333 | -- |
| Share Issued | 69.6M | 58.9M | 43.9M | 41.1M | -- |
| Ordinary Shares Number | 69.6M | 58.9M | 43.9M | 41.1M | -- |
| Buildings And Improvements | 7,421 | 17,316 | 27,211 | -- | -- |
| Capital Lease Obligations | 10,169 | 22,385 | 32,753 | 41,333 | -- |
| Current Capital Lease Obligation | 10,169 | 12,216 | 10,368 | 8,580 | -- |
| Dueto Related Parties Current | 4,459 | 6,963 | 17,029 | 102,820 | -- |
| Income Tax Payable | -- | -- | -- | 0.00 | 36,452 |
| Other Equity Interest | 1.9M | 1.4M | 1.4M | 791,151 | -- |
| Other Properties | 1.0M | 987,050 | 715,000 | 502,106 | -- |
| Restricted Cash | 19,100 | 19,100 | 19,100 | -- | -- |
| Taxes Receivable | 47,746 | 83,451 | 4,030 | 17,865 | -- |
| Total Tax Payable | -- | -- | -- | 0.00 | 36,452 |
| Line Item | FY 2025Jul 31, 2025 | FY 2024Jul 31, 2024 | FY 2023Jul 31, 2023 | FY 2022Jul 31, 2022 | FY 2021Jul 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | -3.1M | -2.3M | -523,776 | -445,680 | -- |
| Cash Flow From Continuing Operating Activities | -3.1M | -2.3M | -523,776 | -445,680 | -- |
| Depreciation And Amortization | 9,895 | 9,895 | 9,895 | 9,895 | -- |
| Depreciation Amortization Depletion | 9,895 | 9,895 | 9,895 | 9,895 | -- |
| Stock Based Compensation | 416,742 | 0.00 | 640,860 | 399,140 | -- |
| Deferred Tax | -- | -- | 0.00 | 0.00 | 36,452 |
| Deferred Income Tax | -- | -- | 0.00 | 0.00 | 36,452 |
| Change In Working Capital | -6,279 | 175,085 | -256,070 | 141,169 | -- |
| Change In Receivables | 17,103 | -79,421 | -5,265 | -13,544 | -- |
| Change In Payables And Accrued Expense | -23,382 | 254,506 | -250,805 | 154,713 | -- |
| Change In Payable | -23,382 | 254,506 | -250,805 | 154,713 | -- |
| Other Non Cash Items | -92,791 | -84,623 | -8,034 | 1,961 | -- |
| Capital Expenditure | -41,000 | -33,000 | -250,000 | -75,000 | -- |
| Purchase Of PPE | -41,000 | -33,000 | -250,000 | -75,000 | -- |
| Net PPE Purchase And Sale | -41,000 | -33,000 | -250,000 | -75,000 | -- |
| Investing Cash Flow | 53,679 | -7,911 | -237,590 | -71,635 | -- |
| Cash Flow From Continuing Investing Activities | 53,679 | -7,911 | -237,590 | -71,635 | -- |
| Issuance Of Debt | -- | -- | -- | -- | 0.00 |
| Repayment Of Debt | -14,104 | -13,612 | -12,956 | -12,792 | -- |
| Net Issuance Payments Of Debt | -14,104 | -13,612 | -12,956 | -12,792 | -- |
| Issuance Of Capital Stock | 4.1M | 3.5M | 550,000 | 95,455 | -- |
| Net Common Stock Issuance | 4.1M | 3.5M | 550,000 | 95,455 | -- |
| Financing Cash Flow | 4.3M | 4.2M | 537,044 | 632,663 | -- |
| Cash Flow From Continuing Financing Activities | 4.3M | 4.2M | 537,044 | 632,663 | -- |
| Changes In Cash | 1.2M | 1.8M | -224,322 | 115,348 | -- |
| Beginning Cash Position | 1.9M | 97,469 | 321,791 | 206,443 | -- |
| End Cash Position | 3.1M | 1.9M | 97,469 | 321,791 | -- |
| Free Cash Flow | -3.2M | -2.4M | -773,776 | -520,680 | -- |
| Cash Dividends Paid | -- | -- | -- | 0.00 | 0.00 |
| Change In Account Payable | -20,878 | 264,572 | -165,014 | 127,260 | -- |
| Common Stock Issuance | 4.1M | 3.5M | 550,000 | 95,455 | -- |
| Depreciation | 9,895 | 9,895 | 9,895 | 9,895 | -- |
| Gain Loss On Sale Of PPE | -- | -- | 0.00 | 0.00 | -176,398 |
| Interest Paid Cff | -- | -- | -- | 0.00 | 0.00 |
| Interest Received Cfi | 94,679 | 25,089 | 12,410 | 3,365 | -- |
| Long Term Debt Payments | -14,104 | -13,612 | -12,956 | -12,792 | -- |
| Net Income From Continuing Operations | -3.5M | -2.4M | -910,427 | -997,845 | -- |
| Net Long Term Debt Issuance | -14,104 | -13,612 | -12,956 | -12,792 | -- |
| Net Other Financing Charges | -- | -- | -- | -- | -4,981 |
| Net Short Term Debt Issuance | -- | -- | -- | 0.00 | 0.00 |
| Operating Gains Losses | -- | -- | -- | -- | -176,398 |
| Proceeds From Stock Option Exercised | 150,000 | 652,000 | 0.00 | 550,000 | -- |
| Sale Of PPE | -- | -- | 0.00 | 0.00 | 176,399 |
| Short Term Debt Issuance | -- | -- | -- | -- | 0.00 |
| Short Term Debt Payments | -- | -- | -- | 0.00 | 0.00 |