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Velox Energy Materials 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 972,380 1.1M 333,984 68,885
General And Administrative Expense 972,380 1.1M 333,984 68,885
Research And Development -- 62,779 0.00 --
Other Operating Expenses 424,626 452,038 320,049 229,108
Operating Expense 1.4M 1.6M 654,033 297,993
Operating Income -1.4M -1.6M -654,033 -297,993
EBIT -1.4M -1.6M -654,033 -297,993
Interest Income 8,299 52,488 11,528 0.00
Interest Income Non Operating 8,299 52,488 11,528 0.00
Net Interest Income 8,299 52,488 11,528 0.00
Other Income Expense -1,250 128,675 -62,150 -1.6M
Special Income Charges 0.00 130,000 0.00 -1.4M
Write Off -- 0.00 0.00 1.5M
Gain On Sale Of Security -1,250 -1,325 -62,150 -204,530
Pretax Income -1.4M -1.4M -704,655 -1.9M
Tax Effect Of Unusual Items 0.00 0.00 0.00 0.00
Net Income From Continuing And Discontinued Operation -3.8M -1.5M -704,655 -1.9M
Net Income From Continuing Operation Net Minority Interest -1.4M -1.4M -704,655 -1.9M
Net Income Including Noncontrolling Interests -3.8M -1.5M -704,655 -1.9M
Net Income Common Stockholders -3.8M -1.5M -704,655 -1.9M
Net Income -3.8M -1.5M -704,655 -1.9M
EBITDA -1.4M -1.6M -654,033 -297,993
Normalized EBITDA -1.4M -1.7M -591,883 1.3M
Reconciled Depreciation 18,990 256.00 0.00 --
Basic EPS -0.04 -0.02 -0.02 -0.12
Diluted EPS -0.04 -0.02 -0.02 -0.12
Basic Average Shares 88.4M 70.9M 32.7M 16.1M
Diluted Average Shares 88.4M 70.9M 32.7M 16.1M
Total Unusual Items -1,250 128,675 -62,150 -1.6M
Total Unusual Items Excluding Goodwill -1,250 128,675 -62,150 -1.6M
Tax Rate For Calcs 0.00 0.00 0.00 0.00
Normalized Income -1.4M -1.5M -642,505 -297,993
Diluted NI Availto Com Stockholders -3.8M -1.5M -704,655 -1.9M
Net Income Continuous Operations -1.4M -1.4M -704,655 -1.9M
Net Income Discontinuous Operations -2.4M -123,382 -- --
Net Non Operating Interest Income Expense 8,299 52,488 11,528 0.00
Other Gand A 696,390 458,676 147,337 68,885
Other Special Charges -- -130,000 -- -60,000
Preferred Stock Dividends 2.4M 123,382 -- --
Salaries And Wages 275,990 657,821 186,647 0.00
Total Expenses 1.4M 1.6M 654,033 297,993
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 577,761 2.1M 2.3M 65,886
Cash Cash Equivalents And Short Term Investments 584,011 2.1M 2.3M 145,386
Cash Financial -- -- -- 65,886
Other Short Term Investments 6,250 7,500 17,225 79,500
Receivables 31,043 47,079 16,385 10,272
Prepaid Assets 29,571 36,325 14,564 5,029
Current Assets 1.9M 2.2M 2.3M 160,687
Gross PPE 2.2M 1.7M 1.1M --
Net PPE 2.2M 1.7M 1.1M 2.00
Goodwill And Other Intangible Assets 0.00 3.5M 0.00 --
Other Intangible Assets -- 3.5M -- --
Total Non Current Assets 2.2M 5.2M 1.1M 2.00
Total Assets 4.1M 7.4M 3.4M 160,689
Current Debt And Capital Lease Obligation 7,567 25,488 -- --
Accounts Payable 189,230 46,917 291,621 443,822
Payables 293,418 90,008 291,621 443,822
Payables And Accrued Expenses 372,738 171,393 315,621 465,822
Current Accrued Expenses 79,320 81,385 24,000 22,000
Other Current Liabilities 75,068 -1.00 -- --
Current Liabilities 455,373 196,880 315,621 465,822
Total Non Current Liabilities Net Minority Interest 0.00 0.00 0.00 0.00
Total Liabilities Net Minority Interest 455,373 196,880 315,621 465,822
Common Stock 24.1M 24.1M 19.8M 17.0M
Capital Stock 24.1M 24.1M 19.8M 17.0M
Additional Paid In Capital 2.3M 1.7M 1.5M 1.4M
Retained Earnings -25.0M -21.1M -19.6M -18.9M
Gains Losses Not Affecting Retained Earnings 78,598 88,167 60,429 24,626
Other Equity Adjustments 78,598 88,167 60,429 --
Common Stock Equity 3.6M 7.2M 3.1M -305,133
Stockholders Equity 3.6M 7.2M 3.1M -305,133
Total Equity Gross Minority Interest 3.6M 7.2M 3.1M -305,133
Total Capitalization 3.6M 7.2M 3.1M -305,133
Net Tangible Assets 3.6M 3.7M 3.1M -305,133
Tangible Book Value 3.6M 3.7M 3.1M -305,133
Working Capital 1.4M 2.0M 2.0M -305,135
Invested Capital 3.6M 7.2M 3.1M -305,133
Total Debt 7,567 25,488 0.00 --
Share Issued 88.4M 88.4M 60.6M 18.8M
Ordinary Shares Number 88.4M 88.4M 60.6M 18.8M
Assets Held For Sale Current 1.3M 0.00 -- --
Capital Lease Obligations 7,567 25,488 0.00 --
Current Capital Lease Obligation 7,567 25,488 0.00 --
Current Deferred Liabilities -- -- -- 0.00
Other Equity Interest 2.1M 2.5M 1.4M 186,876
Other Payable 104,188 43,091 -- --
Other Properties 2.2M 1.7M 1.1M --
Taxes Receivable 31,043 47,079 16,385 10,272
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow -1.0M -1.0M -621,707 -64,570
Cash Flow From Continuing Operating Activities -1.0M -1.0M -621,707 -64,570
Depreciation And Amortization 18,990 256.00 0.00 --
Depreciation Amortization Depletion 18,990 256.00 0.00 --
Stock Based Compensation 275,990 657,821 186,647 0.00
Change In Working Capital 264,558 -42,342 -165,849 233,423
Changes In Account Receivables 16,036 -2,089 -6,113 7,734
Change In Receivables 16,036 -2,089 -6,113 7,734
Change In Payables And Accrued Expense 201,345 -18,492 -150,201 226,602
Change In Other Working Capital 40,423 -- -9,196 --
Capital Expenditure -460,103 -634,243 -182,206 -152,661
Purchase Of PPE -- -- -182,206 -152,661
Net PPE Purchase And Sale -4,529 0.00 -182,206 -152,661
Sale Of Business 0.00 588.00 0.00 --
Sale Of Investment 0.00 8,400 125.00 44,470
Net Investment Purchase And Sale 0.00 8,400 125.00 44,470
Investing Cash Flow -460,103 -625,255 -182,081 -108,191
Cash Flow From Continuing Investing Activities -460,103 -625,255 -182,081 -108,191
Repayment Of Debt -17,921 0.00 -- 0.00
Net Issuance Payments Of Debt -17,921 0.00 -- 0.00
Issuance Of Capital Stock 0.00 1.4M 3.0M 0.00
Net Common Stock Issuance 0.00 1.4M 3.0M 0.00
Financing Cash Flow -17,921 1.4M 3.0M 159,156
Cash Flow From Continuing Financing Activities -17,921 1.4M 3.0M 159,156
Effect Of Exchange Rate Changes -9,568 27,740 35,803 0.00
Changes In Cash -1.5M -234,179 2.2M -13,605
Beginning Cash Position 2.1M 2.3M 65,886 79,491
End Cash Position 577,761 2.1M 2.3M 65,886
Free Cash Flow -1.5M -1.7M -803,913 -217,231
Asset Impairment Charge 2.3M 0.00 0.00 1.5M
Capital Expenditure Reported -455,574 -634,243 -182,206 -152,661
Change In Prepaid Assets 6,754 -21,761 -9,535 -913.00
Common Stock Issuance 0.00 1.4M 3.0M 0.00
Depreciation 18,990 256.00 0.00 --
Gain Loss On Investment Securities -- -- -125.00 69,079
Long Term Debt Payments -17,921 0.00 -- 0.00
Net Business Purchase And Sale 0.00 588.00 0.00 --
Net Income From Continuing Operations -3.8M -1.5M -704,655 -1.9M
Net Long Term Debt Issuance -17,921 0.00 -- 0.00
Net Other Financing Charges -- -- -- 159,156
Net Other Investing Changes -- -- -- -152,661
Operating Gains Losses -- -130,000 -125.00 9,079
Unrealized Gain Loss On Investment Securities 1,250 1,325 62,275 135,451
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