Northstar Clean Technologies Inc.
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 | 640,569 | 206,440 | 0.00 | 0.00 |
| Operating Revenue | 640,569 | 206,440 | 0.00 | 0.00 |
| Cost Of Revenue | 572,547 | 0.00 | -- | -- |
| Gross Profit | 68,022 | 206,440 | -- | -- |
| Selling General And Administration | 5.4M | 4.7M | 5.5M | 5.7M |
| General And Administrative Expense | 5.4M | 4.7M | 4.9M | 4.8M |
| Research And Development | 0.00 | 778,194 | 1.6M | 633,461 |
| Depreciation And Amortization In Income Statement | 1.3M | 1.1M | 1.1M | 461,966 |
| Other Operating Expenses | -- | 75,456 | 333,616 | 230,734 |
| Operating Expense | 6.7M | 6.6M | 8.1M | 6.8M |
| Operating Income | -6.7M | -6.4M | -8.1M | -6.8M |
| EBIT | -7.8M | -6.3M | -8.2M | -6.9M |
| Interest Expense | 2.1M | 638,262 | 228,589 | 292,679 |
| Interest Expense Non Operating | 2.1M | 638,262 | 228,589 | 292,679 |
| Interest Income | 3,358 | 10,402 | 19,703 | 22,000 |
| Interest Income Non Operating | 3,358 | 10,402 | 19,703 | 22,000 |
| Net Interest Income | -2.1M | -627,860 | -208,886 | -270,679 |
| Other Income Expense | -1.1M | 110,399 | -119,374 | -176,857 |
| Other Non Operating Income Expenses | -420,000 | 25,316 | -118,386 | -- |
| Special Income Charges | -835,683 | 0.00 | 0.00 | -189,321 |
| Restructuring And Mergern Acquisition | 986,239 | 0.00 | -- | -- |
| Gain On Sale Of Security | 154,604 | 85,083 | -988.00 | 12,464 |
| Pretax Income | -9.8M | -6.9M | -8.4M | -7.2M |
| Tax Provision | -490,105 | -261,776 | -244,321 | 0.00 |
| Tax Effect Of Unusual Items | -33,982 | 3,212 | -28.58 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -9.3M | -6.7M | -8.2M | -7.2M |
| Net Income From Continuing Operation Net Minority Interest | -9.3M | -6.7M | -8.2M | -7.2M |
| Net Income Including Noncontrolling Interests | -9.3M | -6.7M | -8.2M | -7.2M |
| Net Income Common Stockholders | -9.3M | -6.7M | -8.2M | -7.2M |
| Net Income | -9.3M | -6.7M | -8.2M | -7.2M |
| EBITDA | -6.5M | -5.2M | -7.1M | -6.5M |
| Normalized EBITDA | -5.8M | -5.3M | -7.1M | -6.3M |
| Reconciled Depreciation | 1.3M | 1.1M | 1.1M | 461,966 |
| Basic EPS | -0.07 | -0.06 | -0.08 | -0.08 |
| Diluted EPS | -0.07 | -0.06 | -0.08 | -0.08 |
| Basic Average Shares | 127.8M | 121.0M | 106.8M | 88.8M |
| Diluted Average Shares | 127.8M | 121.0M | 106.8M | 88.8M |
| Total Unusual Items | -681,079 | 85,083 | -988.00 | -176,857 |
| Total Unusual Items Excluding Goodwill | -681,079 | 85,083 | -988.00 | -176,857 |
| Tax Rate For Calcs | 0.05 | 0.04 | 0.03 | 0.00 |
| Normalized Income | -8.7M | -6.8M | -8.2M | -7.0M |
| Depreciation Amortization Depletion Income Statement | 1.3M | 1.1M | 1.1M | 461,966 |
| Depreciation Income Statement | -- | 1.1M | 1.1M | 461,966 |
| Diluted NI Availto Com Stockholders | -9.3M | -6.7M | -8.2M | -7.2M |
| Gain On Sale Of Ppe | 150,556 | 0.00 | 0.00 | -80,000 |
| Impairment Of Capital Assets | -- | -- | 0.00 | 109,321 |
| Insurance And Claims | 195,145 | 112,083 | 128,060 | 73,215 |
| Net Income Continuous Operations | -9.3M | -6.7M | -8.2M | -7.2M |
| Net Non Operating Interest Income Expense | -2.1M | -627,860 | -208,886 | -270,679 |
| Other Gand A | 4.0M | 3.7M | 1.4M | 1.4M |
| Reconciled Cost Of Revenue | 572,547 | 0.00 | -- | -- |
| Rent And Landing Fees | 631,565 | 381,958 | 426,116 | 227,257 |
| Rent Expense Supplemental | 631,565 | 381,958 | 426,116 | 227,257 |
| Salaries And Wages | 637,263 | 545,787 | 2.9M | 3.1M |
| Selling And Marketing Expense | -- | 312,403 | 609,334 | 909,395 |
| Total Expenses | 7.3M | 6.6M | 8.1M | 6.8M |
| Total Operating Income As Reported | -6.7M | -6.4M | -- | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 10.2M | 7.6M | 1.1M | 5.9M |
| Cash Cash Equivalents And Short Term Investments | 10.2M | 7.7M | 1.2M | 6.0M |
| Cash Financial | 10.2M | 7.6M | 1.1M | 5.9M |
| Other Short Term Investments | 0.00 | 66,247 | 65,696 | 59,469 |
| Accounts Receivable | 93,051 | 21,315 | 0.00 | -- |
| Receivables | 519,902 | 126,308 | 207,389 | 370,293 |
| Prepaid Assets | 244,146 | 78,399 | 98,481 | 407,109 |
| Current Assets | 11.0M | 7.9M | 1.5M | 6.8M |
| Gross PPE | 36.4M | 12.0M | 6.2M | 5.5M |
| Accumulated Depreciation | -3.8M | -2.7M | -1.6M | -502,715 |
| Net PPE | 32.6M | 9.3M | 4.6M | 5.0M |
| Goodwill And Other Intangible Assets | 101,579 | 41,746 | 25,686 | 0.00 |
| Other Intangible Assets | 101,579 | 41,746 | 25,686 | -- |
| Investments And Advances | -- | 0.00 | 66,247 | 131,942 |
| Other Investments | -- | -- | -- | 0.00 |
| Total Non Current Assets | 34.7M | 10.0M | 5.3M | 5.6M |
| Total Assets | 45.7M | 17.9M | 6.8M | 12.4M |
| Current Debt | 447,994 | 93,153 | 127,250 | 90,000 |
| Current Debt And Capital Lease Obligation | 1.1M | 744,459 | 644,061 | 534,004 |
| Accounts Payable | 5.0M | 1.9M | 1.2M | 759,543 |
| Payables | 5.1M | 2.0M | 1.3M | 759,543 |
| Payables And Accrued Expenses | 5.1M | 2.0M | 1.3M | 759,543 |
| Other Current Liabilities | -- | 1.00 | -- | -- |
| Current Liabilities | 6.2M | 2.7M | 1.9M | 1.3M |
| Long Term Debt | 29.3M | 3.0M | 975,119 | 149,015 |
| Long Term Debt And Capital Lease Obligation | 38.1M | 6.6M | 2.1M | 1.8M |
| Long Term Capital Lease Obligation | 8.9M | 3.6M | 1.1M | 1.7M |
| Other Non Current Liabilities | -- | 1.00 | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 40.9M | 9.7M | 2.1M | 1.8M |
| Total Liabilities Net Minority Interest | 47.1M | 12.4M | 4.0M | 3.1M |
| Common Stock | 28.9M | 28.1M | 25.4M | 24.7M |
| Capital Stock | 34.5M | 33.8M | 25.4M | 24.7M |
| Retained Earnings | -42.2M | -32.9M | -26.2M | -18.0M |
| Gains Losses Not Affecting Retained Earnings | 6.3M | 4.5M | 3.5M | 2.6M |
| Common Stock Equity | -7.0M | -193,874 | 2.8M | 9.3M |
| Stockholders Equity | -1.3M | 5.4M | 2.8M | 9.3M |
| Total Equity Gross Minority Interest | -1.3M | 5.4M | 2.8M | 9.3M |
| Total Capitalization | 27.9M | 8.4M | 3.8M | 9.4M |
| Net Tangible Assets | -1.4M | 5.4M | 2.8M | 9.3M |
| Tangible Book Value | -7.1M | -235,620 | 2.8M | 9.3M |
| Working Capital | 4.8M | 5.2M | -419,585 | 5.5M |
| Invested Capital | 22.8M | 2.9M | 3.9M | 9.5M |
| Total Debt | 39.2M | 7.3M | 2.8M | 2.3M |
| Net Debt | 19.5M | -- | -- | -- |
| Share Issued | 130.9M | 126.7M | 108.0M | 106.1M |
| Ordinary Shares Number | 130.9M | 126.7M | 108.0M | 106.1M |
| Available For Sale Securities | -- | -- | 66,247 | 131,942 |
| Capital Lease Obligations | 9.5M | 4.3M | 1.7M | 2.1M |
| Construction In Progress | 20.4M | 2.6M | 387,134 | 3.2M |
| Current Capital Lease Obligation | 611,931 | 651,306 | 516,811 | 444,004 |
| Investmentin Financial Assets | -- | 0.00 | 66,247 | 131,942 |
| Leases | 12.3M | 5.7M | 2.3M | 2.3M |
| Line Of Credit | -- | -- | -- | 0.00 |
| Long Term Provisions | -- | 271,000 | -- | -- |
| Machinery Furniture Equipment | 156,084 | 88,763 | 84,502 | 60,646 |
| Non Current Deferred Assets | 15,913 | 131,250 | 0.00 | -- |
| Non Current Deferred Liabilities | 2.8M | 2.8M | 0.00 | -- |
| Non Current Deferred Revenue | 2.8M | 2.8M | 0.00 | -- |
| Non Current Prepaid Assets | 2.1M | 517,813 | 624,091 | 451,070 |
| Other Current Borrowings | 447,994 | 93,153 | 127,250 | 90,000 |
| Other Equity Interest | 3,809 | -- | -- | -- |
| Other Payable | 51,882 | 65,829 | 23,178 | -- |
| Other Properties | 3.5M | 3.5M | 3.5M | 28,210 |
| Preferred Stock | 5.6M | 5.6M | 0.00 | -- |
| Preferred Stock Equity | 5.6M | 5.6M | -- | -- |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Taxes Receivable | 426,851 | 104,993 | 207,389 | 370,293 |
| Tradeand Other Payables Non Current | 0.00 | 41,017 | 21,464 | 0.00 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -5.1M | -4.5M | -5.7M | -4.1M |
| Cash Flow From Continuing Operating Activities | -5.1M | -4.5M | -5.7M | -4.1M |
| Depreciation And Amortization | 1.3M | 1.1M | 1.1M | 461,966 |
| Depreciation Amortization Depletion | 1.3M | 1.1M | 1.1M | 461,966 |
| Stock Based Compensation | 617,621 | 545,787 | 656,932 | 2.4M |
| Deferred Tax | -490,105 | -206,758 | -123,962 | 0.00 |
| Deferred Income Tax | -490,105 | -206,758 | -123,962 | 0.00 |
| Change In Working Capital | 597,472 | 182,831 | 571,281 | -160,037 |
| Changes In Account Receivables | -- | -21,315 | 0.00 | -- |
| Change In Receivables | -- | 81,081 | 32,384 | -164,063 |
| Change In Payables And Accrued Expense | -- | 81,668 | 398,291 | 398,074 |
| Other Non Cash Items | 2.1M | 619,378 | 203,073 | 264,838 |
| Capital Expenditure | -19.3M | -2.3M | -742,889 | -761,229 |
| Purchase Of PPE | -19.3M | -2.3M | -716,853 | -761,229 |
| Net PPE Purchase And Sale | -19.3M | -2.3M | -716,853 | -737,229 |
| Sale Of Business | -- | -- | -- | 0.00 |
| Purchase Of Investment | -- | -- | -5,000 | -402,500 |
| Net Investment Purchase And Sale | -- | -- | -5,000 | -402,500 |
| Investing Cash Flow | -18.9M | -1.6M | -647,889 | -1.1M |
| Cash Flow From Continuing Investing Activities | -18.9M | -1.6M | -647,889 | -1.1M |
| Issuance Of Debt | 26.9M | 2.7M | 1.4M | 480,000 |
| Repayment Of Debt | -1.1M | -833,359 | -648,434 | -2.8M |
| Net Issuance Payments Of Debt | 25.8M | 1.8M | 750,270 | -2.3M |
| Issuance Of Capital Stock | 0.00 | 11.1M | 750,000 | 12.2M |
| Repurchase Of Capital Stock | -74,607 | -31,903 | 0.00 | -- |
| Net Common Stock Issuance | -74,607 | 2.6M | 750,000 | 12.2M |
| Common Stock Payments | -74,607 | -31,903 | -- | -- |
| Financing Cash Flow | 26.4M | 12.5M | 1.5M | 9.2M |
| Cash Flow From Continuing Financing Activities | 26.4M | 12.5M | 1.5M | 9.2M |
| Effect Of Exchange Rate Changes | 211,902 | 89,303 | 0.00 | -- |
| Changes In Cash | 2.4M | 6.4M | -4.8M | 4.0M |
| Beginning Cash Position | 7.6M | 1.1M | 5.9M | 2.0M |
| End Cash Position | 10.2M | 7.6M | 1.1M | 5.9M |
| Free Cash Flow | -24.5M | -6.8M | -6.4M | -4.9M |
| Income Tax Paid Supplemental Data | -- | -- | 0.00 | 0.00 |
| Interest Paid Supplemental Data | 987,084 | 175,250 | 29,442 | 50,304 |
| Amortization Cash Flow | 1,666 | 722.00 | -- | -- |
| Amortization Of Intangibles | 1,666 | 722.00 | -- | -- |
| Asset Impairment Charge | -- | 0.00 | 130,522 | 0.00 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | -- |
| Change In Prepaid Assets | -- | 20,082 | 140,606 | -394,048 |
| Common Stock Issuance | 0.00 | 2.7M | 750,000 | 12.2M |
| Depreciation | 1.3M | 1.1M | 1.1M | 461,966 |
| Gain Loss On Investment Securities | -- | -- | -- | -1.00 |
| Gain Loss On Sale Of PPE | -150,556 | 0.00 | 0.00 | 189,321 |
| Interest Paid Cff | -905,072 | -175,250 | 0.00 | -- |
| Long Term Debt Issuance | 26.9M | 2.7M | 1.4M | 480,000 |
| Long Term Debt Payments | -1.1M | -833,359 | -648,434 | -2.8M |
| Net Business Purchase And Sale | -- | -- | -- | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -208,088 | -91,333 | 0.00 | -- |
| Net Income From Continuing Operations | -9.3M | -6.7M | -8.2M | -7.2M |
| Net Intangibles Purchase And Sale | -61,499 | -16,782 | -26,036 | 0.00 |
| Net Long Term Debt Issuance | 25.8M | 1.8M | 750,270 | -2.3M |
| Net Other Financing Charges | 1.4M | -131,250 | -- | -759,209 |
| Net Other Investing Changes | 397,621 | 727,425 | 95,000 | -402,500 |
| Net Preferred Stock Issuance | 0.00 | 8.4M | 0.00 | -- |
| Operating Gains Losses | -358,644 | -91,333 | -- | 189,320 |
| Preferred Stock Issuance | 0.00 | 8.4M | 0.00 | -- |
| Preferred Stock Payments | -- | -31,903 | 0.00 | -- |
| Proceeds From Stock Option Exercised | 182,359 | 0.00 | 0.00 | 7,500 |
| Purchase Of Intangibles | -61,499 | -16,782 | -26,036 | 0.00 |
| Sale Of PPE | -- | -- | 0.00 | 24,000 |
| Unrealized Gain Loss On Investment Securities | 420,000 | 0.00 | -- | -- |