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EarthLabs Inc.

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 8.4M 1.9M -6.6M 7.6M
Operating Revenue 7.9M 1.8M -6.6M 7.6M
Selling General And Administration 8.9M 6.9M 5.7M 4.1M
General And Administrative Expense 8.3M 6.7M 5.6M 4.1M
Research And Development 3.2M 1.6M 1.2M 45,000
Depreciation And Amortization In Income Statement 520,602 1.2M 1.2M 297,499
Other Operating Expenses 1.7M 1.1M 1.3M 349,704
Operating Expense 14.5M 10.9M 9.4M 4.8M
Operating Income -6.1M -9.0M -15.9M 2.8M
EBIT -6.4M -18.7M -29.7M 2.3M
Interest Expense 144,239 20,007 14,160 13,866
Interest Expense Non Operating 144,239 20,007 14,160 13,866
Net Interest Income -144,239 -20,007 -14,160 -13,866
Other Income Expense -343,512 -9.7M -13.7M -582,539
Special Income Charges 0.00 -9.5M -9.4M 0.00
Restructuring And Mergern Acquisition -- -- -- 58,349
Write Off -- 0.00 2.7M 0.00
Gain On Sale Of Security 12,212 -28,995 -5,747 -1,262
Earnings From Equity Interest -355,724 -107,524 -4.3M -581,277
Pretax Income -6.6M -18.7M -29.7M 2.2M
Tax Provision -385,929 -2.2M -3.1M -30,342
Tax Effect Of Unusual Items 717.00 -1.1M -972,762 -334.43
Net Income From Continuing And Discontinued Operation -6.2M -16.6M -6.8M 11.0M
Net Income From Continuing Operation Net Minority Interest -6.2M -16.5M -26.6M 2.3M
Net Income Including Noncontrolling Interests -6.2M -16.6M -6.8M 11.0M
Net Income Common Stockholders -6.2M -16.6M -6.8M 11.0M
Net Income -6.2M -16.6M -6.8M 11.0M
EBITDA -5.9M -17.4M -28.5M 2.5M
Normalized EBITDA -5.9M -7.9M -19.1M 2.5M
Reconciled Depreciation 520,602 1.2M 1.2M 297,503
Basic EPS -0.04 -0.12 -0.05 0.10
Diluted EPS -0.04 -0.12 -0.05 0.09
Basic Average Shares 137.6M 137.3M 136.2M 112.5M
Diluted Average Shares 137.6M 137.3M 136.2M 117.8M
Total Unusual Items 12,212 -9.6M -9.4M -1,262
Total Unusual Items Excluding Goodwill 12,212 -9.6M -9.4M -1,262
Tax Rate For Calcs 0.06 0.12 0.10 0.27
Normalized Income -6.2M -8.1M -18.2M 2.3M
Depreciation Amortization Depletion Income Statement 520,602 1.2M 1.2M 297,499
Diluted NI Availto Com Stockholders -6.2M -16.6M -6.8M 11.0M
Gain On Sale Of Business -- -- -- 712,765
Gain On Sale Of Ppe -- -- 286,324 0.00
Impairment Of Capital Assets 0.00 9.5M 6.8M 0.00
Net Income Continuous Operations -6.2M -16.5M -26.6M 2.3M
Net Income Discontinuous Operations 0.00 -84,561 19.8M 8.8M
Net Non Operating Interest Income Expense -144,239 -20,007 -14,160 -13,866
Other Gand A 1.4M 1.1M 1.1M 779,474
Provision For Doubtful Accounts 131,347 47,931 18,998 0.00
Rent And Landing Fees 3,750 62,311 61,913 57,571
Rent Expense Supplemental 3,750 62,311 61,913 57,571
Salaries And Wages 7.0M 5.6M 4.5M 3.3M
Selling And Marketing Expense 577,377 214,666 43,278 0.00
Total Expenses 14.5M 10.9M 9.4M 4.8M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 4.1M 5.2M 25.3M 6.6M
Cash Cash Equivalents And Short Term Investments 38.8M 42.5M 49.4M 49.7M
Cash Equivalents 3.4M 5.1M 2.9M 3.8M
Cash Financial 696,575 135,578 22.4M 2.8M
Other Short Term Investments 34.7M 37.2M 24.0M 43.2M
Accounts Receivable 519,491 120,253 116,214 1.3M
Receivables 1.3M 1.5M 3.3M 2.3M
Prepaid Assets 281,192 272,792 146,727 394,391
Current Assets 40.4M 44.2M 52.8M 52.5M
Gross PPE 1.4M 1.3M 221,034 2.0M
Accumulated Depreciation -271,078 -51,038 -74,790 -348,997
Net PPE 1.1M 1.3M 146,244 1.6M
Goodwill 624,290 624,290 2.2M 9.0M
Goodwill And Other Intangible Assets 3.5M 3.8M 10.3M 19.0M
Other Intangible Assets 2.8M 3.1M 8.1M 10.0M
Total Non Current Assets 4.6M 5.0M 10.5M 20.7M
Total Assets 44.9M 49.3M 63.3M 73.1M
Current Debt 726,458 254,513 -- --
Current Debt And Capital Lease Obligation 868,450 377,895 52,454 136,302
Accounts Payable 1.7M 1.3M 1.0M 2.5M
Payables 1.9M 1.3M 2.5M 2.5M
Payables And Accrued Expenses 1.9M 1.3M 2.5M 2.5M
Current Deferred Revenue 3.5M 1.9M 1.0M 6.1M
Current Liabilities 6.2M 3.6M 3.5M 8.7M
Long Term Debt -- 726,458 -- --
Long Term Debt And Capital Lease Obligation 889,653 1.8M 87,055 90,437
Long Term Capital Lease Obligation 889,653 1.0M 87,055 90,437
Total Non Current Liabilities Net Minority Interest 889,653 2.0M 1.7M 3.4M
Total Liabilities Net Minority Interest 7.1M 5.6M 5.2M 12.1M
Common Stock 46.5M 46.4M 46.1M 44.0M
Capital Stock 46.5M 46.4M 46.1M 44.0M
Additional Paid In Capital 6.0M 5.8M 3.8M 2.1M
Retained Earnings -14.8M -8.6M 8.1M 14.9M
Common Stock Equity 37.8M 43.7M 58.1M 61.0M
Stockholders Equity 37.8M 43.7M 58.1M 61.0M
Total Equity Gross Minority Interest 37.8M 43.7M 58.1M 61.0M
Minority Interest -- -- -- 0.00
Total Capitalization 37.8M 44.4M 58.1M 61.0M
Net Tangible Assets 34.4M 39.9M 47.8M 42.0M
Tangible Book Value 34.4M 39.9M 47.8M 42.0M
Working Capital 34.1M 40.6M 49.3M 43.7M
Invested Capital 38.6M 44.6M 58.1M 61.0M
Total Debt 1.8M 2.1M 139,509 226,739
Share Issued 137.8M 137.4M 136.6M 133.4M
Ordinary Shares Number 137.8M 137.4M 136.6M 133.4M
Allowance For Doubtful Accounts Receivable -284,243 -155,572 -107,641 -116,475
Assets Held For Sale Current -- -- -- 0.00
Capital Lease Obligations 1.0M 1.2M 139,509 226,739
Current Capital Lease Obligation 141,992 123,382 52,454 136,302
Current Deferred Liabilities 3.5M 1.9M 1.0M 6.1M
Gross Accounts Receivable 803,734 275,825 223,855 1.4M
Income Tax Payable -- 0.00 1.0M 4,600
Leases 33,067 33,067 0.00 --
Machinery Furniture Equipment 153,907 57,891 5,373 215,345
Non Current Deferred Liabilities 0.00 204,690 1.6M 3.3M
Non Current Deferred Taxes Liabilities 0.00 204,690 1.6M 3.3M
Other Current Borrowings 726,458 254,513 -- --
Other Equity Interest -- -- 41,051 41,051
Other Properties 1.2M 1.2M 215,661 1.8M
Other Receivables 416,907 485,949 3.2M 611,260
Properties 0.00 0.00 0.00 --
Taxes Receivable 316,149 911,264 0.00 447,068
Total Tax Payable 197,481 40,874 1.5M 36,533
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow -810,788 -17.2M 18.7M -10.4M
Cash Flow From Continuing Operating Activities -810,788 -17.2M 832,946 -15.2M
Depreciation And Amortization 520,602 1.2M 1.2M 297,503
Depreciation Amortization Depletion 520,602 1.2M 1.2M 297,503
Stock Based Compensation 267,453 2.0M 1.8M 716,688
Deferred Tax -204,690 -1.4M -1.4M -30,342
Deferred Income Tax -204,690 -1.4M -1.4M -30,342
Change In Working Capital 1.9M 1.1M -198,179 -2.2M
Changes In Account Receivables -530,585 -51,970 -204,621 -25,525
Change In Receivables 133,572 1.7M -2.7M -699,359
Change In Payables And Accrued Expense 567,533 -1.3M 1.9M -651,669
Change In Payable 567,533 -1.3M 1.9M -651,669
Change In Other Working Capital 1.5M 721,453 667,404 -834,019
Change In Other Current Liabilities -326,114 0.00 0.00 --
Other Non Cash Items 2.6M -15.6M 1.3M -9.7M
Capital Expenditure -96,016 -435,093 -5,373 -1.3M
Purchase Of PPE -96,016 -74,522 -5,373 0.00
Net PPE Purchase And Sale -96,016 -74,522 -5,373 0.00
Purchase Of Business 0.00 -2.5M -971,886 -5.2M
Sale Of Business -- -- -- 6,267
Purchase Of Investment -- -- -- -999,334
Net Investment Purchase And Sale -- -- -- -999,334
Investing Cash Flow -96,016 -2.9M 206,114 -7.4M
Cash Flow From Continuing Investing Activities -96,016 -2.9M -977,259 -5.2M
Repayment Of Debt -231,712 -93,696 -53,833 -42,900
Net Issuance Payments Of Debt -231,712 -93,696 -53,833 -42,900
Issuance Of Capital Stock -- -- 0.00 19.4M
Net Common Stock Issuance -- -- 0.00 19.4M
Financing Cash Flow -198,379 56,304 -74,220 19.9M
Cash Flow From Continuing Financing Activities -198,379 56,304 38,326 20.0M
Changes In Cash -1.1M -20.1M 18.8M 2.1M
Beginning Cash Position 5.2M 25.3M 6.6M 4.5M
End Cash Position 4.1M 5.2M 25.3M 6.6M
Free Cash Flow -906,804 -17.7M 18.6M -10.4M
Income Tax Paid Supplemental Data 0.00 1.1M 134,033 804,460
Interest Paid Supplemental Data 43,374 10,532 1,632 --
Amortization Cash Flow 300,562 1.2M 1.1M --
Amortization Of Intangibles 300,562 1.2M 1.1M --
Asset Impairment Charge 0.00 9.5M 9.4M 0.00
Cash From Discontinued Financing Activities -- 0.00 -112,546 -128,111
Cash From Discontinued Investing Activities -- 0.00 1.2M -2.2M
Cash From Discontinued Operating Activities 0.00 -84,561 17.8M 4.8M
Change In Account Payable 410,926 119,988 418,535 365,114
Change In Income Tax Payable 156,607 -1.4M 1.5M -1.0M
Change In Prepaid Assets -8,400 -76,220 -28,100 -48,879
Change In Tax Payable 156,607 -1.4M 1.5M -1.0M
Common Stock Issuance -- -- 0.00 19.4M
Depreciation 220,040 74,484 43,694 --
Earnings Losses From Equity Investments 355,724 107,524 4.7M 1.3M
Gain Loss On Investment Securities -160,441 2.3M 11.1M -7.1M
Gain Loss On Sale Of Business -- 0.00 -407,790 -712,765
Gain Loss On Sale Of PPE -- -- -- -12,270
Long Term Debt Payments -231,712 -93,696 -53,833 -42,900
Net Business Purchase And Sale 0.00 -2.5M -971,886 -5.2M
Net Income From Continuing Operations -6.2M -16.5M -26.6M 2.3M
Net Intangibles Purchase And Sale 0.00 -360,571 0.00 --
Net Long Term Debt Issuance -231,712 -93,696 -53,833 -42,900
Net Other Financing Charges -- -- -15,000 -33,299
Operating Gains Losses 195,283 2.4M 15.4M -6.6M
Proceeds From Stock Option Exercised 33,333 150,000 107,159 745,326
Provisionand Write Offof Assets 131,347 47,931 18,998 0.00
Purchase Of Intangibles 0.00 -360,571 0.00 --
Sale Of PPE -- -- -- 24,000
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