South Star Battery Metals Corp.
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 | 20,693 | 31,175 | 10,830 | 0.00 |
| Gross Profit | -20,693 | -31,175 | -10,830 | 0.00 |
| Selling General And Administration | 3.2M | 2.0M | 2.2M | 1.1M |
| General And Administrative Expense | 3.2M | 2.0M | 2.2M | 1.1M |
| Research And Development | 107,325 | 64,732 | 48,596 | 74,280 |
| Depreciation And Amortization In Income Statement | 20,693 | 31,175 | 10,830 | 0.00 |
| Other Operating Expenses | 2.1M | 1.1M | 1.0M | 613,431 |
| Operating Expense | 5.3M | 3.1M | 3.2M | 1.7M |
| Operating Income | -5.3M | -3.1M | -3.2M | -1.7M |
| EBIT | -5.6M | -3.7M | -3.0M | -1.7M |
| Interest Expense | 203.00 | 1,909 | 565,767 | 15,684 |
| Interest Expense Non Operating | 203.00 | 1,909 | 565,767 | 15,684 |
| Interest Income | 153,340 | 495,456 | 97,070 | 0.00 |
| Interest Income Non Operating | 153,340 | 495,456 | 97,070 | 0.00 |
| Net Interest Income | -475,863 | -706,453 | -468,697 | -15,684 |
| Other Income Expense | 193,332 | 132,161 | 67,899 | -1,876 |
| Other Non Operating Income Expenses | -- | 102,054 | -- | -- |
| Special Income Charges | 0.00 | 102,054 | -- | -- |
| Gain On Sale Of Security | 193,332 | 30,107 | 67,899 | -1,876 |
| Pretax Income | -5.6M | -3.7M | -3.6M | -1.7M |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -5.6M | -3.7M | -3.6M | -1.7M |
| Net Income From Continuing Operation Net Minority Interest | -5.6M | -3.7M | -3.6M | -1.7M |
| Net Income Including Noncontrolling Interests | -5.6M | -3.7M | -3.6M | -1.7M |
| Net Income Common Stockholders | -5.6M | -3.7M | -3.6M | -1.7M |
| Net Income | -5.6M | -3.7M | -3.6M | -1.7M |
| EBITDA | -5.6M | -3.7M | -3.0M | -1.7M |
| Normalized EBITDA | -5.8M | -3.7M | -3.1M | -1.7M |
| Reconciled Depreciation | 20,693 | 31,175 | 10,830 | 1,021 |
| Basic EPS | -0.11 | -0.10 | -0.15 | -0.12 |
| Diluted EPS | -0.11 | -0.10 | -0.15 | -0.12 |
| Basic Average Shares | 51.1M | 36.7M | 23.6M | 15.1M |
| Diluted Average Shares | 51.1M | 36.7M | 23.6M | 15.1M |
| Total Unusual Items | 193,332 | 30,107 | 67,899 | -1,876 |
| Total Unusual Items Excluding Goodwill | 193,332 | 30,107 | 67,899 | -1,876 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -5.8M | -3.7M | -3.7M | -1.7M |
| Depreciation Amortization Depletion Income Statement | 20,693 | 31,175 | 10,830 | 0.00 |
| Depreciation Income Statement | 20,693 | 31,175 | 10,830 | 0.00 |
| Diluted NI Availto Com Stockholders | -5.6M | -3.7M | -3.6M | -1.7M |
| Net Income Continuous Operations | -5.6M | -3.7M | -3.6M | -1.7M |
| Net Non Operating Interest Income Expense | -475,863 | -706,453 | -468,697 | -15,684 |
| Other Gand A | 2.3M | 1.4M | 1.9M | 1.1M |
| Other Special Charges | -- | -102,054 | -- | -- |
| Reconciled Cost Of Revenue | 20,693 | 31,175 | 10,830 | 0.00 |
| Rent And Landing Fees | 200,378 | 154,983 | 56,846 | 24,840 |
| Rent Expense Supplemental | 200,378 | 154,983 | 56,846 | 24,840 |
| Salaries And Wages | 857,592 | 611,209 | 236,393 | 21,729 |
| Total Expenses | 5.3M | 3.1M | 3.2M | 1.7M |
| Total Operating Income As Reported | -4.8M | -3.1M | -3.1M | -1.7M |
| Total Other Finance Cost | 629,000 | 1.2M | -- | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 2.1M | 4.9M | 12.7M | 2.7M |
| Cash Cash Equivalents And Short Term Investments | 2.1M | 4.9M | 12.7M | 2.7M |
| Cash Financial | -- | -- | -- | 3.5M |
| Accounts Receivable | 25,244 | 13,137 | 15,688 | 15,987 |
| Receivables | 25,244 | 13,137 | 15,688 | 15,987 |
| Inventory | 308,176 | 0.00 | 0.00 | -- |
| Prepaid Assets | 137,388 | 72,575 | 102,155 | 118,800 |
| Current Assets | 2.6M | 5.0M | 12.9M | 2.9M |
| Gross PPE | 17.7M | 16.0M | 5.9M | 4.5M |
| Accumulated Depreciation | -19,364 | -47,723 | -19,846 | -8,332 |
| Net PPE | 17.6M | 16.0M | 5.9M | 4.5M |
| Total Non Current Assets | 17.6M | 17.1M | 6.7M | 4.5M |
| Total Assets | 20.2M | 22.1M | 19.5M | 7.4M |
| Current Debt And Capital Lease Obligation | -- | 7,814 | 13,033 | -- |
| Accounts Payable | 954,116 | 1.2M | 346,619 | 326,186 |
| Payables | 954,116 | 1.2M | 346,619 | 326,186 |
| Payables And Accrued Expenses | 954,116 | 1.2M | 346,619 | 326,186 |
| Current Deferred Revenue | 865,642 | 442,390 | 0.00 | -- |
| Other Current Liabilities | 2.6M | 473,290 | 451,175 | -- |
| Current Liabilities | 4.5M | 2.1M | 810,827 | 326,186 |
| Long Term Debt And Capital Lease Obligation | -- | -- | 7,090 | -- |
| Long Term Capital Lease Obligation | 0.00 | 0.00 | 7,090 | 0.00 |
| Other Non Current Liabilities | -- | -- | 391,301 | -- |
| Total Non Current Liabilities Net Minority Interest | 11.5M | 10.9M | 10.5M | 0.00 |
| Total Liabilities Net Minority Interest | 16.0M | 13.0M | 11.3M | 326,186 |
| Common Stock | 37.8M | 30.8M | 27.5M | 23.3M |
| Capital Stock | 37.8M | 30.8M | 27.5M | 23.3M |
| Retained Earnings | -32.2M | -26.6M | -22.9M | -19.0M |
| Gains Losses Not Affecting Retained Earnings | -1.4M | 5.0M | 3.5M | 2.8M |
| Other Equity Adjustments | -1.4M | 5.0M | 3.5M | 2.8M |
| Common Stock Equity | 4.2M | 9.1M | 8.2M | 7.0M |
| Stockholders Equity | 4.2M | 9.1M | 8.2M | 7.0M |
| Total Equity Gross Minority Interest | 4.2M | 9.1M | 8.2M | 7.0M |
| Total Capitalization | 4.2M | 9.1M | 8.2M | 7.0M |
| Net Tangible Assets | 4.2M | 9.1M | 8.2M | 7.0M |
| Tangible Book Value | 4.2M | 9.1M | 8.2M | 7.0M |
| Working Capital | -1.9M | 2.9M | 12.0M | 2.5M |
| Invested Capital | 4.2M | 9.1M | 8.2M | 7.0M |
| Total Debt | 0.00 | 7,814 | 20,123 | 0.00 |
| Share Issued | 57.7M | 41.9M | 32.8M | 20.4M |
| Ordinary Shares Number | 57.7M | 41.9M | 32.8M | 20.4M |
| Capital Lease Obligations | 0.00 | 7,814 | 20,123 | 0.00 |
| Construction In Progress | 0.00 | 5.2M | 117,528 | 0.00 |
| Current Capital Lease Obligation | 0.00 | 7,814 | 13,033 | 0.00 |
| Current Deferred Liabilities | 865,642 | 442,390 | 0.00 | -- |
| Land And Improvements | 1.4M | 1.6M | 1.4M | 0.00 |
| Leases | 0.00 | 18,144 | 16,651 | 0.00 |
| Long Term Provisions | 438,125 | -- | -- | -- |
| Machinery Furniture Equipment | 11.4M | 4.6M | 33,967 | -- |
| Non Current Deferred Liabilities | 11.1M | 10.9M | 10.1M | 0.00 |
| Non Current Deferred Revenue | 11.1M | 10.9M | 10.1M | 0.00 |
| Non Current Prepaid Assets | 0.00 | 1.2M | 800,111 | 0.00 |
| Other Equity Interest | 51,507 | -- | 172,072 | -- |
| Other Properties | -- | 27,683 | 25,406 | 12,890 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -5.5M | -2.3M | 7.1M | -1.8M |
| Cash Flow From Continuing Operating Activities | -5.5M | -2.3M | 7.1M | -1.8M |
| Depreciation And Amortization | 20,693 | 31,175 | 10,830 | 1,021 |
| Depreciation Amortization Depletion | 20,693 | 31,175 | 10,830 | 1,021 |
| Stock Based Compensation | 216,150 | 170,849 | 236,393 | 21,729 |
| Deferred Tax | 297,494 | 0.00 | -- | -- |
| Deferred Income Tax | 297,494 | 0.00 | -- | -- |
| Change In Working Capital | -1.1M | 98,824 | 9.9M | -124,029 |
| Change In Receivables | -317,480 | 3,221 | -545.24 | -15,088 |
| Change In Inventory | -635,004 | 0.00 | -- | -- |
| Change In Payables And Accrued Expense | -35,529 | 63,925 | 31,006 | 4,009 |
| Change In Other Working Capital | -- | -- | 9.9M | -- |
| Other Non Cash Items | 629,203 | 1.1M | 240,920 | 15,684 |
| Capital Expenditure | -3.8M | -9.2M | -861,221 | -3,500 |
| Purchase Of PPE | -3.8M | -9.2M | -861,221 | -3,500 |
| Net PPE Purchase And Sale | -3.8M | -9.2M | -861,221 | -3,500 |
| Investing Cash Flow | -3.8M | -9.5M | -1.7M | -3,500 |
| Cash Flow From Continuing Investing Activities | -3.8M | -9.5M | -1.7M | -3,500 |
| Issuance Of Debt | -- | 0.00 | 1.8M | 0.00 |
| Repayment Of Debt | -7,413 | -15,628 | -2.0M | 0.00 |
| Net Issuance Payments Of Debt | -7,413 | -15,628 | -171,412 | 0.00 |
| Issuance Of Capital Stock | 7.1M | 3.4M | 5.0M | 3.9M |
| Net Common Stock Issuance | 7.1M | 3.4M | 5.0M | 3.9M |
| Financing Cash Flow | 7.1M | 3.3M | 4.6M | 4.5M |
| Cash Flow From Continuing Financing Activities | 7.1M | 3.3M | 4.6M | 4.5M |
| Effect Of Exchange Rate Changes | -533,628 | 592,301 | 140,502 | -3,339 |
| Changes In Cash | -2.3M | -8.5M | 10.0M | 2.7M |
| Beginning Cash Position | 4.9M | 12.7M | 2.6M | 58,360 |
| End Cash Position | 2.1M | 4.9M | 12.7M | 2.7M |
| Free Cash Flow | -9.3M | -11.5M | 6.3M | -1.8M |
| Cash Dividends Paid | -- | -- | 0.00 | 0.00 |
| Change In Prepaid Assets | -80,397 | 31,678 | 10,967 | -112,950 |
| Common Stock Issuance | 7.1M | 3.4M | 5.0M | 3.9M |
| Depreciation | 20,693 | 31,175 | 10,830 | 1,021 |
| Gain Loss On Investment Securities | -- | -- | 324,847 | -- |
| Interest Paid Cff | -- | -- | 0.00 | -22,996 |
| Long Term Debt Issuance | -- | 0.00 | 1.8M | 0.00 |
| Long Term Debt Payments | -7,413 | -15,628 | -2.0M | 0.00 |
| Net Foreign Currency Exchange Gain Loss | -- | -- | -- | 0.00 |
| Net Income From Continuing Operations | -5.6M | -3.7M | -3.6M | -1.7M |
| Net Long Term Debt Issuance | -7,413 | -15,628 | -171,412 | 0.00 |
| Net Other Financing Charges | -253,356 | -72,089 | -286,274 | -93,722 |
| Net Other Investing Changes | -- | -297,283 | -806,289 | -- |
| Operating Gains Losses | -- | -- | 324,847 | -- |
| Proceeds From Stock Option Exercised | 231,599 | 0.00 | 36,380 | 751,478 |