Asian Television Network International Limited
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 | 6.6M | 7.3M | 8.0M | 9.5M |
| Operating Revenue | 6.5M | 7.2M | 7.9M | 9.5M |
| Selling General And Administration | 7.1M | 6.7M | 6.9M | 8.0M |
| General And Administrative Expense | 2.1M | 1.8M | 1.9M | 1.6M |
| Depreciation And Amortization In Income Statement | 647,301 | 728,083 | 896,788 | 855,376 |
| Other Operating Expenses | 1.2M | 1.2M | 1.1M | 902,794 |
| Operating Expense | 8.9M | 8.6M | 8.9M | 9.8M |
| Operating Income | -2.3M | -1.3M | -897,431 | -266,036 |
| EBIT | -2.3M | -1.3M | -891,810 | -268,092 |
| Interest Expense | 134,568 | 108,882 | 103,080 | 55,565 |
| Interest Expense Non Operating | 134,568 | 108,882 | 103,080 | 55,565 |
| Interest Income | -- | -- | 61,069 | 16,628 |
| Interest Income Non Operating | -- | -- | 61,069 | 16,628 |
| Net Interest Income | -134,568 | -108,882 | -103,080 | -55,565 |
| Other Income Expense | -17,428 | 1,002 | 5,621 | -2,056 |
| Gain On Sale Of Security | -17,428 | 1,002 | 5,621 | -2,056 |
| Pretax Income | -2.5M | -1.4M | -994,890 | -323,657 |
| Tax Provision | 0.00 | 0.00 | 0.00 | -156,772 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | -544.84 |
| Net Income From Continuing And Discontinued Operation | -2.5M | -1.4M | -994,890 | -166,885 |
| Net Income From Continuing Operation Net Minority Interest | -2.5M | -1.4M | -994,890 | -166,885 |
| Net Income Including Noncontrolling Interests | -2.5M | -1.4M | -994,890 | -166,885 |
| Net Income Common Stockholders | -2.5M | -1.4M | -994,890 | -166,885 |
| Net Income | -2.5M | -1.4M | -994,890 | -166,885 |
| EBITDA | -1.5M | -367,509 | 167,178 | 891,094 |
| Normalized EBITDA | -1.5M | -368,511 | 161,557 | 893,150 |
| Reconciled Depreciation | 841,492 | 953,081 | 1.1M | 1.2M |
| Basic EPS | -0.10 | -0.06 | -0.04 | -0.01 |
| Diluted EPS | -0.10 | -0.06 | -0.04 | -0.01 |
| Basic Average Shares | 24.4M | 24.4M | 24.4M | 24.4M |
| Diluted Average Shares | 24.4M | 24.4M | 24.4M | 24.4M |
| Total Unusual Items | -17,428 | 1,002 | 5,621 | -2,056 |
| Total Unusual Items Excluding Goodwill | -17,428 | 1,002 | 5,621 | -2,056 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.27 |
| Normalized Income | -2.5M | -1.4M | -1.0M | -165,374 |
| Amortization | -- | -- | -- | 32,002 |
| Amortization Of Intangibles Income Statement | -- | -- | -- | 32,002 |
| Depreciation Amortization Depletion Income Statement | 647,301 | 728,083 | 896,788 | 855,376 |
| Depreciation Income Statement | -- | 728,082 | 896,788 | 855,376 |
| Diluted NI Availto Com Stockholders | -2.5M | -1.4M | -994,890 | -166,885 |
| Net Income Continuous Operations | -2.5M | -1.4M | -994,890 | -166,885 |
| Net Non Operating Interest Income Expense | -134,568 | -108,882 | -103,080 | -55,565 |
| Other Gand A | -- | -- | 1.1M | 902,794 |
| Salaries And Wages | 2.1M | 1.8M | 1.9M | 1.6M |
| Selling And Marketing Expense | 5.0M | 4.9M | 5.0M | 6.4M |
| Total Expenses | 8.9M | 8.6M | 8.9M | 9.8M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 159,609 | 127,534 | 68,693 | 54,900 |
| Cash Cash Equivalents And Short Term Investments | 159,609 | 127,534 | 68,693 | 54,900 |
| Cash Financial | 159,609 | 127,534 | 68,693 | 54,900 |
| Accounts Receivable | 1.2M | 2.0M | 1.6M | 1.9M |
| Receivables | 1.2M | 2.5M | 1.8M | 2.1M |
| Prepaid Assets | -- | -- | -- | 0.00 |
| Current Assets | 1.9M | 3.1M | 2.4M | 2.6M |
| Gross PPE | 10.1M | 10.1M | 14.0M | 13.7M |
| Accumulated Depreciation | -8.6M | -8.0M | -11.1M | -10.2M |
| Net PPE | 1.5M | 2.2M | 2.9M | 3.6M |
| Goodwill And Other Intangible Assets | 265,000 | 363,191 | 191,479 | 4,748 |
| Other Intangible Assets | 265,000 | 363,191 | 191,479 | 4,748 |
| Investments And Advances | 0.00 | 1.1M | 2.0M | 2.0M |
| Other Non Current Assets | -- | -- | 95,130 | 95,130 |
| Total Non Current Assets | 1.8M | 3.7M | 5.2M | 5.7M |
| Total Assets | 3.7M | 6.8M | 7.5M | 8.3M |
| Current Debt | 238,493 | 832,882 | 330,000 | 200,000 |
| Current Debt And Capital Lease Obligation | 823,767 | 1.4M | 902,858 | 719,723 |
| Accounts Payable | 3.6M | 2.9M | 2.6M | 2.5M |
| Payables | 3.6M | 2.9M | 2.6M | 2.5M |
| Payables And Accrued Expenses | 4.0M | 3.6M | 3.1M | 2.7M |
| Current Accrued Expenses | 440,259 | 731,384 | 486,690 | 187,625 |
| Current Deferred Revenue | 364,000 | 222,000 | 87,000 | 0.00 |
| Current Liabilities | 5.2M | 5.3M | 4.1M | 3.4M |
| Long Term Debt | 25,115 | 33,351 | -- | -- |
| Long Term Debt And Capital Lease Obligation | 886,800 | 1.5M | 2.0M | 2.4M |
| Long Term Capital Lease Obligation | 861,685 | 1.4M | 2.0M | 2.4M |
| Total Non Current Liabilities Net Minority Interest | 886,800 | 1.5M | 2.0M | 2.4M |
| Total Liabilities Net Minority Interest | 6.1M | 6.8M | 6.1M | 5.8M |
| Common Stock | 6.0M | 6.0M | 6.0M | 6.0M |
| Capital Stock | 6.0M | 6.0M | 6.0M | 6.0M |
| Retained Earnings | -8.5M | -6.0M | -4.6M | -3.6M |
| Common Stock Equity | -2.4M | 26,732 | 1.5M | 2.5M |
| Stockholders Equity | -2.4M | 26,732 | 1.5M | 2.5M |
| Total Equity Gross Minority Interest | -2.4M | 26,732 | 1.5M | 2.5M |
| Total Capitalization | -2.4M | 60,083 | 1.5M | 2.5M |
| Net Tangible Assets | -2.7M | -336,459 | 1.3M | 2.4M |
| Tangible Book Value | -2.7M | -336,459 | 1.3M | 2.4M |
| Working Capital | -3.3M | -2.1M | -1.7M | -781,239 |
| Invested Capital | -2.2M | 892,965 | 1.8M | 2.7M |
| Total Debt | 1.7M | 2.9M | 2.9M | 3.1M |
| Net Debt | 103,999 | 738,699 | 261,307 | 145,100 |
| Share Issued | 24.4M | 24.4M | 24.4M | 24.4M |
| Ordinary Shares Number | 24.4M | 24.4M | 24.4M | 24.4M |
| Allowance For Doubtful Accounts Receivable | -171,862 | -66,324 | -73,184 | -74,105 |
| Buildings And Improvements | 2.9M | 2.9M | 6.2M | 6.2M |
| Capital Lease Obligations | 1.4M | 2.0M | 2.6M | 2.9M |
| Current Capital Lease Obligation | 585,274 | 585,252 | 572,858 | 519,723 |
| Current Deferred Liabilities | 364,000 | 222,000 | 87,000 | 0.00 |
| Current Notes Payable | 0.00 | 625,000 | 0.00 | -- |
| Gross Accounts Receivable | 1.4M | 2.1M | 1.6M | 2.0M |
| Leases | 466,580 | 466,580 | 466,580 | 466,580 |
| Line Of Credit | 230,000 | 200,000 | 330,000 | 200,000 |
| Machinery Furniture Equipment | 887,827 | 887,827 | 845,038 | 845,038 |
| Non Current Deferred Liabilities | -- | -- | 0.00 | 0.00 |
| Non Current Deferred Taxes Liabilities | -- | -- | 0.00 | 0.00 |
| Other Current Borrowings | 8,493 | 7,882 | -- | -- |
| Other Properties | 5.9M | 5.9M | 6.4M | 6.2M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Restricted Cash | 524,200 | 500,000 | 500,000 | 500,000 |
| Taxes Receivable | 0.00 | 521,579 | 262,692 | 134,719 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 230,709 | -607,759 | 610,519 | 438,967 |
| Cash Flow From Continuing Operating Activities | -277,141 | -607,759 | 610,519 | 438,967 |
| Depreciation And Amortization | 841,492 | 953,081 | 1.1M | 1.2M |
| Depreciation Amortization Depletion | 841,492 | 953,081 | 1.1M | 1.2M |
| Deferred Tax | -- | -- | 0.00 | -156,773 |
| Deferred Income Tax | -- | -- | 0.00 | -156,773 |
| Change In Working Capital | 1.3M | -207,140 | 546,421 | -264,596 |
| Changes In Account Receivables | -- | -447,085 | 384,283 | -- |
| Change In Receivables | 954,643 | -705,972 | 256,310 | 274,233 |
| Change In Payables And Accrued Expense | 395,228 | 268,702 | 203,111 | -585,136 |
| Change In Other Working Capital | -- | 135,000 | 87,000 | -- |
| Change In Other Current Assets | 0.00 | 95,130 | 0.00 | -- |
| Other Non Cash Items | 642,418 | 75,772 | 103,080 | 55,565 |
| Capital Expenditure | -96,000 | -90,000 | -181,703 | -230,232 |
| Purchase Of PPE | -- | -- | -4,225 | -18,111 |
| Net PPE Purchase And Sale | -- | -- | -4,225 | -18,111 |
| Sale Of Investment | 1.1M | 913,800 | 0.00 | 200,000 |
| Net Investment Purchase And Sale | 1.1M | 913,800 | 0.00 | 200,000 |
| Investing Cash Flow | 989,800 | 823,800 | -185,928 | -82,634 |
| Cash Flow From Continuing Investing Activities | 989,800 | 823,800 | -181,703 | -82,634 |
| Issuance Of Debt | -- | 625,000 | 130,000 | -- |
| Repayment Of Debt | -594,067 | -652,200 | -540,798 | -510,325 |
| Net Issuance Payments Of Debt | -1.2M | -157,200 | -410,798 | -370,325 |
| Financing Cash Flow | -1.2M | -157,200 | -410,798 | -370,325 |
| Cash Flow From Continuing Financing Activities | -1.2M | -157,200 | -410,798 | -370,325 |
| Changes In Cash | 32,075 | 58,841 | 13,793 | -13,992 |
| Beginning Cash Position | 127,534 | 68,693 | 54,900 | 68,892 |
| End Cash Position | 159,609 | 127,534 | 68,693 | 54,900 |
| Free Cash Flow | 134,709 | -697,759 | 428,816 | 208,735 |
| Amortization Cash Flow | 194,191 | 224,998 | 162,200 | -- |
| Amortization Of Intangibles | 194,191 | 224,998 | 162,200 | -- |
| Change In Prepaid Assets | -- | -- | 0.00 | 46,307 |
| Depreciation | 647,301 | 728,083 | 896,788 | -- |
| Interest Paid Cfo | -134,568 | -- | -103,080 | -55,565 |
| Long Term Debt Payments | -594,067 | -652,200 | -540,798 | -510,325 |
| Net Income From Continuing Operations | -2.5M | -1.4M | -994,890 | -166,885 |
| Net Intangibles Purchase And Sale | -96,000 | -90,000 | -181,703 | -212,121 |
| Net Long Term Debt Issuance | -594,067 | -652,200 | -540,798 | -370,325 |
| Net Other Financing Charges | 633.00 | -- | -- | -- |
| Net Other Investing Changes | -- | -- | -4,225 | -52,402 |
| Net Short Term Debt Issuance | -595,000 | 495,000 | 130,000 | -- |
| Purchase Of Intangibles | -96,000 | -90,000 | -181,703 | -212,121 |
| Short Term Debt Issuance | -- | 625,000 | 130,000 | -- |
| Short Term Debt Payments | -- | -130,000 | -- | -- |
| Taxes Refund Paid | -- | -- | -127,973 | -131,965 |