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Torq Resources 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 0.00 0.00 0.00 0.00
Operating Revenue 0.00 0.00 0.00 0.00
Selling General And Administration 2.5M 5.2M 4.3M 3.8M
General And Administrative Expense 2.2M 3.9M 3.1M 2.7M
Other Operating Expenses 6.6M 13.5M 7.6M 2.6M
Operating Expense 9.1M 18.7M 11.9M 6.4M
Operating Income -9.1M -18.7M -11.9M -6.4M
EBIT -11.8M -18.7M -11.7M -6.5M
Interest Expense 594,383 542,848 177,447 0.00
Interest Expense Non Operating 594,383 542,848 177,447 0.00
Interest Income 63,538 374,638 195,681 39,291
Interest Income Non Operating 63,538 374,638 195,681 39,291
Net Interest Income -530,845 -168,210 18,234 39,291
Other Income Expense -2.8M -342,215 2,511 -105,020
Special Income Charges -2.7M -202,082 0.00 --
Gain On Sale Of Security -12,850 -135,100 26,487 -105,020
Earnings From Equity Interest -21,403 -5,033 -23,976 0.00
Pretax Income -12.4M -19.2M -11.9M -6.5M
Tax Provision -- 0.00 -159,458 0.00
Tax Effect Of Unusual Items 0.00 0.00 355.55 0.00
Net Income From Continuing And Discontinued Operation -12.4M -19.2M -11.7M -6.5M
Net Income From Continuing Operation Net Minority Interest -12.4M -19.2M -11.7M -6.5M
Net Income Including Noncontrolling Interests -12.4M -19.2M -11.7M -6.5M
Net Income Common Stockholders -12.4M -19.2M -11.7M -6.5M
Net Income -12.4M -19.2M -11.7M -6.5M
EBITDA -11.7M -18.4M -11.5M -6.4M
Normalized EBITDA -9.0M -18.0M -11.5M -6.3M
Reconciled Depreciation 78,677 282,874 181,650 32,723
Basic EPS -0.09 -0.18 -0.13 -0.08
Diluted EPS -0.09 -0.18 -0.13 -0.08
Basic Average Shares 135.9M 108.3M 87.8M 77.5M
Diluted Average Shares 135.9M 108.3M 87.8M 77.5M
Total Unusual Items -2.7M -337,182 26,487 -105,020
Total Unusual Items Excluding Goodwill -2.7M -337,182 26,487 -105,020
Tax Rate For Calcs 0.00 0.00 0.01 0.00
Normalized Income -9.7M -18.9M -11.7M -6.4M
Diluted NI Availto Com Stockholders -12.4M -19.2M -11.7M -6.5M
Gain On Sale Of Ppe 20,682 0.00 -- --
Impairment Of Capital Assets 2.7M 0.00 -- --
Net Income Continuous Operations -12.4M -19.2M -11.7M -6.5M
Net Non Operating Interest Income Expense -530,845 -168,210 18,234 39,291
Other Gand A 920,971 1.1M 992,736 1.1M
Other Special Charges -- 202,082 -- --
Salaries And Wages 1.3M 2.8M 2.1M 1.6M
Selling And Marketing Expense 317,423 1.2M 1.3M 1.1M
Total Expenses 9.1M 18.7M 11.9M 6.4M
Total Operating Income As Reported -- 18.7M 11.9M -6.4M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 538,284 487,970 12.5M 1.9M
Cash Cash Equivalents And Short Term Investments 538,284 487,970 12.5M 1.9M
Cash Financial 538,284 487,970 12.5M 1.9M
Accounts Receivable 17,881 37,134 65,899 150,258
Receivables 17,881 37,134 65,899 150,258
Prepaid Assets 122,223 559,033 466,094 664,433
Current Assets 678,388 1.1M 13.0M 2.7M
Gross PPE 2.0M 3.5M 2.5M 1.3M
Accumulated Depreciation -363,771 -509,881 -- --
Net PPE 1.6M 3.0M 2.5M 1.3M
Investments And Advances 100,588 121,991 127,024 0.00
Long Term Equity Investment 100,588 121,991 127,024 0.00
Total Non Current Assets 1.7M 3.1M 2.6M 1.3M
Total Assets 2.4M 4.2M 15.6M 4.0M
Payables And Accrued Expenses 2.6M 1.2M 1.6M 676,536
Other Current Liabilities 223,800 -- -- --
Current Liabilities 2.8M 1.2M 1.6M 676,536
Long Term Debt 5.2M 2.0M 2.0M --
Long Term Debt And Capital Lease Obligation 5.2M 2.0M 2.0M --
Total Non Current Liabilities Net Minority Interest 5.2M 2.0M 2.0M 0.00
Total Liabilities Net Minority Interest 8.1M 3.2M 3.6M 676,536
Common Stock 78.3M 73.2M 68.2M 49.1M
Capital Stock 78.3M 73.2M 68.2M 49.1M
Retained Earnings -98.5M -86.1M -66.9M -55.1M
Gains Losses Not Affecting Retained Earnings 196,339 29,739 89,777 -52,263
Other Equity Adjustments 196,339 29,739 89,777 -52,263
Common Stock Equity -5.7M 1.0M 12.0M 3.3M
Stockholders Equity -5.7M 1.0M 12.0M 3.3M
Total Equity Gross Minority Interest -5.7M 1.0M 12.0M 3.3M
Total Capitalization -421,632 3.0M 14.0M 3.3M
Net Tangible Assets -5.7M 1.0M 12.0M 3.3M
Tangible Book Value -5.7M 1.0M 12.0M 3.3M
Working Capital -2.1M -114,845 11.4M 2.0M
Invested Capital -421,632 3.0M 14.0M 3.3M
Total Debt 5.2M 2.0M 2.0M --
Net Debt 4.7M 1.5M -- --
Share Issued 139.1M 110.4M 99.7M 77.5M
Ordinary Shares Number 139.1M 110.4M 99.7M 77.5M
Available For Sale Securities -- -- 127,024 --
Investmentin Financial Assets -- -- 127,024 0.00
Investmentsin Associatesat Cost 100,588 121,991 127,024 0.00
Machinery Furniture Equipment -- -- -- 383,270
Other Equity Interest 14.3M 13.9M 10.6M 9.4M
Other Properties 2.0M 3.5M 2.5M 1.3M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow -7.1M -16.7M -10.1M -5.8M
Cash Flow From Continuing Operating Activities -7.1M -16.7M -10.1M -5.8M
Depreciation And Amortization 78,677 282,874 181,650 32,723
Depreciation Amortization Depletion 78,677 282,874 181,650 32,723
Stock Based Compensation 227,254 2.2M 490,899 743,767
Deferred Tax -- 0.00 -159,458 0.00
Deferred Income Tax -- 0.00 -159,458 0.00
Change In Working Capital 1.5M -333,906 1.1M -57,207
Change In Receivables 19,615 28,821 85,854 -105,887
Change In Payables And Accrued Expense 1.0M -270,467 1.0M 477,677
Other Non Cash Items 530,845 168,210 -18,234 -39,291
Capital Expenditure -1.3M -866,567 -1.3M -1.1M
Purchase Of PPE -1.3M -866,567 -1.3M -1.1M
Net PPE Purchase And Sale -1.2M -866,567 -1.3M -1.1M
Purchase Of Business -- -- -1,000 0.00
Purchase Of Investment -- 0.00 -1,000 --
Net Investment Purchase And Sale -- 0.00 -1,000 --
Investing Cash Flow -1.1M -491,929 -1.1M -1.0M
Cash Flow From Continuing Investing Activities -1.1M -491,929 -1.1M -1.0M
Issuance Of Debt 2.8M 0.00 2.5M 0.00
Net Issuance Payments Of Debt 2.8M 0.00 2.5M 0.00
Issuance Of Capital Stock 5.3M 5.4M 5.0M 42,300
Net Common Stock Issuance 5.3M 5.4M 5.0M 42,300
Financing Cash Flow 8.3M 5.2M 21.7M 42,300
Cash Flow From Continuing Financing Activities 8.3M 5.2M 21.7M 42,300
Effect Of Exchange Rate Changes -39,950 -5,924 2,675 -65,470
Changes In Cash 90,264 -12.0M 10.6M -6.8M
Beginning Cash Position 487,970 12.5M 1.9M 8.7M
End Cash Position 538,284 487,970 12.5M 1.9M
Free Cash Flow -8.4M -17.6M -11.4M -6.9M
Income Tax Paid Supplemental Data 0.00 0.00 0.00 --
Interest Paid Supplemental Data 157,848 0.00 -- --
Asset Impairment Charge 2.7M 0.00 -- --
Cash Dividends Paid 0.00 0.00 0.00 0.00
Change In Prepaid Assets 444,883 -92,260 50,379 -428,997
Common Stock Issuance 5.3M 5.4M 5.0M 42,300
Depreciation 78,677 282,874 181,650 32,723
Earnings Losses From Equity Investments 21,403 5,033 23,976 0.00
Gain Loss On Sale Of PPE -20,682 0.00 -- --
Interest Paid Cff -112,192 -225,000 -83,466 0.00
Interest Received Cfi 63,538 374,638 195,681 39,291
Long Term Debt Issuance 300,000 0.00 2.5M 0.00
Net Business Purchase And Sale -- -- -1,000 0.00
Net Foreign Currency Exchange Gain Loss 233,269 1,730 -37,940 5,843
Net Income From Continuing Operations -12.4M -19.2M -11.7M -6.5M
Net Long Term Debt Issuance 300,000 0.00 2.5M 0.00
Net Other Financing Charges 223,800 -- 14.3M --
Net Short Term Debt Issuance 2.5M 0.00 -- --
Operating Gains Losses 233,990 208,845 -13,964 5,843
Proceeds From Stock Option Exercised -- -- -- 42,300
Sale Of PPE 126,817 0.00 -- --
Short Term Debt Issuance 2.5M 0.00 -- --
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