Volt Carbon Technologies Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Oct 31, 2024 | FY 2023Oct 31, 2023 | FY 2022Oct 31, 2022 | FY 2021Oct 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 75,537 | 25,000 | 0.00 | 0.00 |
| Operating Revenue | 75,537 | 25,000 | 0.00 | 0.00 |
| Cost Of Revenue | 302,625 | 326,752 | 252,105 | 126,464 |
| Gross Profit | -227,088 | -301,752 | -252,105 | -126,464 |
| Selling General And Administration | 1.2M | 1.3M | 2.0M | 1.8M |
| General And Administrative Expense | 1.2M | 1.3M | 2.0M | 1.8M |
| Research And Development | 130,274 | 82,271 | 152,386 | 67,570 |
| Depreciation And Amortization In Income Statement | -- | -- | 252,105 | 126,464 |
| Other Operating Expenses | 80,674 | 98,966 | 163,303 | 237,576 |
| Operating Expense | 1.4M | 1.5M | 2.3M | 2.1M |
| Operating Income | -1.6M | -1.8M | -2.6M | -2.3M |
| EBIT | -1.9M | -1.5M | -2.4M | -1.9M |
| Interest Expense | 74,714 | 70,654 | 128,964 | 167,560 |
| Interest Expense Non Operating | 74,714 | 70,654 | 128,964 | 167,560 |
| Net Interest Income | -74,714 | -70,654 | -128,964 | -167,560 |
| Other Income Expense | -249,467 | 257,589 | 151,921 | 352,123 |
| Other Non Operating Income Expenses | 27,355 | 258,248 | 57,645 | 352,394 |
| Special Income Charges | -276,822 | 0.00 | 100,000 | -9,144 |
| Write Off | -- | 0.00 | -100,000 | 0.00 |
| Gain On Sale Of Security | -- | -659.00 | -5,724 | 8,873 |
| Pretax Income | -1.9M | -1.6M | -2.6M | -2.1M |
| Tax Provision | -104,959 | 0.00 | -- | -- |
| Tax Effect Of Unusual Items | -14,936 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -1.8M | -1.6M | -2.6M | -2.1M |
| Net Income From Continuing Operation Net Minority Interest | -1.8M | -1.6M | -2.6M | -2.1M |
| Net Income Including Noncontrolling Interests | -1.8M | -1.6M | -2.6M | -2.1M |
| Net Income Common Stockholders | -1.8M | -1.6M | -2.6M | -2.1M |
| Net Income | -1.8M | -1.6M | -2.6M | -2.1M |
| EBITDA | -1.6M | -1.2M | -2.2M | -1.8M |
| Normalized EBITDA | -1.3M | -1.2M | -2.3M | -1.8M |
| Reconciled Depreciation | 302,625 | 326,752 | 252,105 | 126,464 |
| Basic EPS | -0.01 | -0.01 | -0.02 | -0.02 |
| Diluted EPS | -0.01 | -0.01 | -0.02 | -0.02 |
| Basic Average Shares | 193.0M | 172.3M | 145.4M | 105.3M |
| Diluted Average Shares | 193.0M | 172.3M | 145.4M | 105.3M |
| Total Unusual Items | -276,822 | -659.00 | 94,276 | -271.00 |
| Total Unusual Items Excluding Goodwill | -276,822 | -659.00 | 94,276 | -271.00 |
| Tax Rate For Calcs | 0.05 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -1.6M | -1.6M | -2.7M | -2.1M |
| Amortization | -- | -- | 120,964 | 76,668 |
| Amortization Of Intangibles Income Statement | -- | -- | 120,964 | 76,668 |
| Depreciation Amortization Depletion Income Statement | -- | -- | 252,105 | 126,464 |
| Depreciation Income Statement | -- | -- | 131,141 | 49,796 |
| Diluted NI Availto Com Stockholders | -1.8M | -1.6M | -2.6M | -2.1M |
| Gain On Sale Of Ppe | 43,961 | 0.00 | 0.00 | -9,144 |
| Impairment Of Capital Assets | 320,783 | 0.00 | -- | -- |
| Net Income Continuous Operations | -1.8M | -1.6M | -2.6M | -2.1M |
| Net Non Operating Interest Income Expense | -74,714 | -70,654 | -128,964 | -167,560 |
| Other Gand A | 642,292 | 920,137 | 1.4M | 734,749 |
| Reconciled Cost Of Revenue | 302,625 | 326,752 | 252,105 | 126,464 |
| Rent And Landing Fees | 98,679 | 92,804 | 104,573 | 5,686 |
| Rent Expense Supplemental | 98,679 | 92,804 | 104,573 | 5,686 |
| Salaries And Wages | 442,068 | 281,294 | 505,224 | 1.1M |
| Total Expenses | 1.7M | 1.8M | 2.6M | 2.3M |
| Total Operating Income As Reported | -- | -- | -2.6M | -2.1M |
| Line Item | FY 2024Oct 31, 2024 | FY 2023Oct 31, 2023 | FY 2022Oct 31, 2022 | FY 2021Oct 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 176,990 | 72,690 | 72,088 | 141,996 |
| Cash Cash Equivalents And Short Term Investments | 272,990 | 72,690 | 72,088 | 141,996 |
| Cash Financial | 176,990 | 72,690 | 72,088 | 141,996 |
| Other Short Term Investments | 96,000 | 0.00 | -- | -- |
| Receivables | 20,389 | 16,629 | 38,790 | 45,994 |
| Prepaid Assets | 6,448 | 4,875 | 22,660 | 175,902 |
| Current Assets | 299,827 | 94,194 | 133,538 | 363,892 |
| Gross PPE | 3.5M | 3.6M | 3.6M | 2.8M |
| Accumulated Depreciation | -1.1M | -906,503 | -627,610 | -375,506 |
| Net PPE | 2.5M | 2.7M | 2.9M | 2.4M |
| Goodwill And Other Intangible Assets | 1.4M | 1.4M | 1.4M | 1.4M |
| Other Intangible Assets | 1.4M | 1.4M | 1.4M | -- |
| Other Non Current Assets | 61,000 | 62,854 | 61,209 | 41,610 |
| Total Non Current Assets | 4.0M | 4.2M | 4.4M | 3.8M |
| Total Assets | 4.3M | 4.3M | 4.6M | 4.2M |
| Current Debt | 99,925 | 237,000 | 574,948 | 444,452 |
| Current Debt And Capital Lease Obligation | 198,942 | 356,696 | 683,613 | 517,683 |
| Accounts Payable | 882,583 | 719,881 | 973,847 | 957,079 |
| Payables | 882,583 | 719,881 | 973,847 | 957,079 |
| Payables And Accrued Expenses | 882,583 | 719,881 | 1.0M | 1.0M |
| Current Accrued Expenses | -- | 0.00 | 61,448 | 65,141 |
| Current Deferred Revenue | 25,000 | 75,000 | 0.00 | -- |
| Other Current Liabilities | 49,033 | -- | -- | 85,000 |
| Current Liabilities | 1.2M | 1.2M | 1.7M | 1.6M |
| Long Term Debt | 219,694 | -- | -- | -- |
| Long Term Debt And Capital Lease Obligation | 989,758 | 869,081 | 958,881 | 1.0M |
| Long Term Capital Lease Obligation | 770,064 | 869,081 | 958,881 | 1.0M |
| Total Non Current Liabilities Net Minority Interest | 989,758 | 869,081 | 958,881 | 1.0M |
| Total Liabilities Net Minority Interest | 2.1M | 2.0M | 2.7M | 2.7M |
| Common Stock | 30.2M | 28.9M | 26.9M | 24.2M |
| Capital Stock | 30.2M | 28.9M | 26.9M | 24.2M |
| Additional Paid In Capital | 3.4M | 3.1M | 3.2M | 2.9M |
| Retained Earnings | -31.6M | -29.7M | -28.1M | -25.6M |
| Common Stock Equity | 2.1M | 2.3M | 1.9M | 1.5M |
| Stockholders Equity | 2.1M | 2.3M | 1.9M | 1.5M |
| Total Equity Gross Minority Interest | 2.1M | 2.3M | 1.9M | 1.5M |
| Total Capitalization | 2.4M | 2.3M | 1.9M | 1.5M |
| Net Tangible Assets | 695,760 | 877,521 | 459,385 | 146,711 |
| Tangible Book Value | 695,760 | 877,521 | 459,385 | 146,711 |
| Working Capital | -855,731 | -1.1M | -1.6M | -1.3M |
| Invested Capital | 2.5M | 2.6M | 2.5M | 2.0M |
| Total Debt | 1.2M | 1.2M | 1.6M | 1.6M |
| Net Debt | 142,629 | 164,310 | 502,860 | 302,456 |
| Share Issued | 201.9M | 179.3M | 153.4M | 129.4M |
| Ordinary Shares Number | 201.9M | 179.3M | 153.4M | 129.4M |
| Capital Lease Obligations | 869,081 | 988,777 | 1.1M | 1.1M |
| Current Capital Lease Obligation | 99,017 | 119,696 | 108,665 | 73,231 |
| Current Deferred Liabilities | 25,000 | 75,000 | 0.00 | -- |
| Current Notes Payable | 99,925 | 237,000 | 574,948 | 444,452 |
| Interest Payable | -- | 0.00 | 61,448 | 65,141 |
| Leases | 1.6M | 1.7M | 1.7M | 1.3M |
| Machinery Furniture Equipment | 954,363 | 1.0M | 950,076 | 648,378 |
| Other Equity Interest | 94,305 | 67,125 | -- | -- |
| Other Properties | 963,342 | 954,869 | 954,869 | 854,869 |
| Other Receivables | 744.00 | 747.00 | 592.00 | 3,427 |
| Taxes Receivable | 19,645 | 15,882 | 38,198 | 42,567 |
| Line Item | FY 2024Oct 31, 2024 | FY 2023Oct 31, 2023 | FY 2022Oct 31, 2022 | FY 2021Oct 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -1.1M | -1.2M | -1.8M | -1.6M |
| Cash Flow From Continuing Operating Activities | -1.1M | -1.2M | -1.8M | -1.6M |
| Depreciation And Amortization | 302,625 | 326,752 | 252,105 | 126,464 |
| Depreciation Amortization Depletion | 302,625 | 326,752 | 252,105 | 126,464 |
| Stock Based Compensation | 303,214 | 140,858 | 390,591 | 1.1M |
| Change In Working Capital | -50,828 | 125,819 | 98,371 | -477,581 |
| Changes In Account Receivables | -3,760 | 22,161 | 7,204 | -28,204 |
| Change In Receivables | -3,760 | 22,161 | 7,204 | -28,204 |
| Change In Payables And Accrued Expense | 4,505 | 10,873 | 28,075 | -214,696 |
| Change In Payable | 4,505 | 16,582 | 16,768 | -278,103 |
| Change In Other Working Capital | -50,000 | 75,000 | -- | -- |
| Change In Other Current Liabilities | -- | 0.00 | -85,000 | -62,500 |
| Other Non Cash Items | -48,941 | -195,895 | -34,430 | -307,640 |
| Capital Expenditure | -490,565 | -86,723 | -693,293 | -185,167 |
| Purchase Of PPE | -490,565 | -75,142 | -640,463 | -148,910 |
| Net PPE Purchase And Sale | -414,565 | -75,142 | -640,463 | -147,910 |
| Investing Cash Flow | -256,369 | -86,723 | -693,293 | -199,022 |
| Cash Flow From Continuing Investing Activities | -256,369 | -86,723 | -693,293 | -199,022 |
| Issuance Of Debt | 228,000 | 287,000 | 655,496 | 442,931 |
| Repayment Of Debt | -321,094 | -375,437 | -694,061 | -183,817 |
| Net Issuance Payments Of Debt | -93,094 | -88,437 | -38,565 | 259,114 |
| Issuance Of Capital Stock | 1.6M | 1.2M | 2.5M | 997,500 |
| Net Common Stock Issuance | 1.6M | 1.2M | 2.5M | 997,500 |
| Financing Cash Flow | 1.4M | 1.3M | 2.5M | 1.9M |
| Cash Flow From Continuing Financing Activities | 1.4M | 1.3M | 2.5M | 1.9M |
| Changes In Cash | 104,300 | 602.00 | -69,908 | 112,555 |
| Beginning Cash Position | 72,690 | 72,088 | 141,996 | 29,441 |
| End Cash Position | 176,990 | 72,690 | 72,088 | 141,996 |
| Free Cash Flow | -1.5M | -1.3M | -2.5M | -1.8M |
| Amortization Cash Flow | -- | -- | -- | 76,668 |
| Amortization Of Intangibles | -- | -- | -- | 76,668 |
| Asset Impairment Charge | 320,783 | 0.00 | 610.00 | 0.00 |
| Change In Account Payable | 4,505 | 16,582 | 16,768 | -278,103 |
| Change In Accrued Expense | 0.00 | -5,709 | 11,307 | 63,407 |
| Change In Interest Payable | 0.00 | -5,709 | 11,307 | 63,407 |
| Change In Prepaid Assets | -1,573 | 17,785 | 148,092 | -172,181 |
| Common Stock Issuance | 1.6M | 1.2M | 2.5M | 997,500 |
| Depreciation | 302,625 | 326,752 | 252,105 | 126,464 |
| Gain Loss On Sale Of PPE | -43,961 | 0.00 | -- | -- |
| Long Term Debt Issuance | 228,000 | 287,000 | 655,496 | 442,931 |
| Long Term Debt Payments | -321,094 | -375,437 | -154,061 | -183,817 |
| Net Income From Continuing Operations | -1.8M | -1.6M | -2.6M | -2.1M |
| Net Intangibles Purchase And Sale | 0.00 | -11,581 | -52,830 | -36,257 |
| Net Long Term Debt Issuance | -93,094 | -88,437 | -154,061 | 259,114 |
| Net Other Financing Charges | -150,338 | -91,108 | -248,573 | -44,504 |
| Net Other Investing Changes | 158,196 | -- | -- | -14,855 |
| Net Short Term Debt Issuance | -- | 103,000 | 115,496 | -- |
| Operating Gains Losses | -43,961 | -- | -- | 9,144 |
| Proceeds From Stock Option Exercised | 37,500 | 222,625 | 259,188 | 736,562 |
| Purchase Of Intangibles | 0.00 | -11,581 | -52,830 | -36,257 |
| Sale Of PPE | 76,000 | 0.00 | 0.00 | 1,000 |
| Short Term Debt Issuance | -- | 287,000 | 655,496 | -- |
| Short Term Debt Payments | -- | -184,000 | -540,000 | -- |