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Vertiqal Studios Corp.

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 4.9M 4.8M 3.6M 186,919
Operating Revenue 4.9M 4.8M 3.6M 186,919
Cost Of Revenue 1.5M 1.4M 1.2M 79,650
Gross Profit 3.4M 3.4M 2.3M 107,269
Selling General And Administration 5.2M 7.8M 10.6M 8.3M
General And Administrative Expense 5.1M 6.9M 8.9M 7.9M
Research And Development -- -- 0.00 893,560
Depreciation And Amortization In Income Statement 806,041 2.2M 1.7M 82,414
Other Operating Expenses -- 31,630 179,695 --
Operating Expense 6.1M 10.0M 12.4M 9.3M
Operating Income -2.7M -6.6M -10.1M -9.2M
EBIT -1.6M -52.6M -11.2M -9.4M
Interest Expense 766,926 609,075 97,106 196,242
Interest Expense Non Operating 766,926 609,075 97,106 196,242
Interest Income 30,443 1,055 3,405 3,819
Interest Income Non Operating 30,443 1,055 3,405 3,819
Net Interest Income -736,483 -608,020 -93,701 -196,951
Other Income Expense 1.0M -46.1M -1.1M -185,912
Special Income Charges 2.3M -46.0M -1.0M -170,000
Restructuring And Mergern Acquisition 0.00 -30,408 40,027 0.00
Write Off 419,950 0.00 -- --
Gain On Sale Of Security -1.2M -32,253 -93,819 -15,912
Pretax Income -2.4M -53.3M -11.3M -9.6M
Tax Provision -16,705 -4.2M -586,744 0.00
Tax Effect Of Unusual Items 7,276 -3.7M -58,256 0.00
Net Income From Continuing And Discontinued Operation -2.4M -49.0M -10.7M -9.6M
Net Income From Continuing Operation Net Minority Interest -2.4M -49.0M -10.7M -9.6M
Net Income Including Noncontrolling Interests -2.4M -49.0M -10.7M -9.6M
Net Income Common Stockholders -2.4M -49.0M -10.7M -9.6M
Net Income -2.4M -49.0M -10.7M -9.6M
EBITDA -808,862 -50.4M -9.5M -9.3M
Normalized EBITDA -1.8M -4.4M -8.4M -9.1M
Reconciled Depreciation 806,041 2.2M 1.7M 82,414
Basic EPS 0.00 -0.10 -0.03 -0.07
Diluted EPS 0.00 -0.10 -0.03 -0.07
Basic Average Shares 632.0M 506.9M 369.4M 138.5M
Diluted Average Shares 632.0M 506.9M 369.4M 138.5M
Total Unusual Items 1.0M -46.1M -1.1M -185,912
Total Unusual Items Excluding Goodwill 1.0M -46.1M -1.1M -185,912
Tax Rate For Calcs 0.01 0.08 0.05 0.00
Normalized Income -3.4M -6.6M -9.6M -9.4M
Depreciation Amortization Depletion Income Statement 806,041 2.2M 1.7M 82,414
Diluted NI Availto Com Stockholders -2.4M -49.0M -10.7M -9.6M
Impairment Of Capital Assets 0.00 43.4M 987,592 170,000
Net Income Continuous Operations -2.4M -49.0M -10.7M -9.6M
Net Non Operating Interest Income Expense -736,483 -608,020 -93,701 -196,951
Other Gand A 4.0M 4.7M 6.0M 6.6M
Other Special Charges -2.7M 2.7M -- --
Other Taxes 61,255 0.00 -- --
Reconciled Cost Of Revenue 1.5M 1.4M 1.2M 79,650
Rent And Landing Fees -- -- -- 0.00
Rent Expense Supplemental -- -- -- 0.00
Salaries And Wages 1.1M 2.2M 2.9M 1.3M
Selling And Marketing Expense 84,008 894,124 1.6M 394,368
Total Expenses 7.5M 11.4M 13.6M 9.4M
Total Other Finance Cost -- -- -- 4,528
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 506,130 1.2M 556,804 3.8M
Cash Cash Equivalents And Short Term Investments 506,130 1.2M 556,804 3.8M
Cash Financial 506,130 1.2M 556,804 3.8M
Accounts Receivable 1.0M 1.7M 1.4M 140,098
Receivables 1.3M 2.3M 1.8M 367,327
Inventory -- 0.00 87,983 0.00
Prepaid Assets 202,960 387,776 145,102 303,428
Current Assets 2.0M 3.9M 2.6M 4.4M
Gross PPE 232,644 10,527 1,726 93,822
Accumulated Depreciation -8,300 0.00 -22,291 -66,886
Net PPE 224,344 10,527 1,726 26,936
Goodwill -- 0.00 27.8M 2.2M
Goodwill And Other Intangible Assets 2.6M 3.2M 47.0M 3.3M
Other Intangible Assets 2.6M 3.2M 19.2M 1.1M
Investments And Advances -- -- -- 0.00
Long Term Equity Investment -- -- -- 0.00
Other Non Current Assets -- 340,000 50,000 50,000
Total Non Current Assets 2.8M 3.5M 47.0M 3.4M
Total Assets 4.9M 7.4M 49.6M 7.8M
Current Debt 4.7M -- -- --
Current Debt And Capital Lease Obligation 4.8M -- -- 20,999
Accounts Payable 2.7M 3.1M 3.3M 1.6M
Payables 3.2M 3.4M 3.6M 1.6M
Payables And Accrued Expenses 3.2M 3.4M 3.6M 1.6M
Current Deferred Revenue 0.00 58,310 0.00 46,305
Other Current Liabilities -- 119,034 962,007 --
Current Liabilities 7.9M 3.5M 8.0M 1.7M
Long Term Debt 749,622 5.8M 4.0M --
Long Term Debt And Capital Lease Obligation 876,030 5.8M 4.0M 0.00
Long Term Capital Lease Obligation 126,408 0.00 -- 0.00
Other Non Current Liabilities -- -- -1.00 --
Total Non Current Liabilities Net Minority Interest 916,658 5.9M 9.3M 0.00
Total Liabilities Net Minority Interest 8.9M 9.5M 17.2M 1.7M
Common Stock 59.5M 58.8M 49.1M 16.9M
Capital Stock 59.5M 58.8M 49.1M 16.9M
Retained Earnings -70.4M -70.2M -22.5M -11.8M
Gains Losses Not Affecting Retained Earnings 1.2M 1.2M 1.5M -163,245
Other Equity Adjustments 1.2M 1.2M 1.5M -163,245
Common Stock Equity -4.0M -2.1M 32.3M 6.2M
Stockholders Equity -4.0M -2.1M 32.3M 6.2M
Total Equity Gross Minority Interest -4.0M -2.1M 32.3M 6.2M
Total Capitalization -3.2M 3.7M 36.3M 6.2M
Net Tangible Assets -6.6M -5.3M -14.6M 2.8M
Tangible Book Value -6.6M -5.3M -14.6M 2.8M
Working Capital -5.9M 336,786 -5.4M 2.7M
Invested Capital 1.4M 3.7M 36.3M 6.2M
Total Debt 5.6M 5.8M 4.0M 20,999
Net Debt 4.9M 4.6M 3.4M --
Share Issued 645.5M 604.0M 443.5M 164.7M
Ordinary Shares Number 645.5M 604.0M 443.5M 164.7M
Buildings And Improvements 224,095 0.00 22,291 89,177
Capital Lease Obligations 215,279 0.00 0.00 20,999
Current Capital Lease Obligation 88,871 0.00 0.00 20,999
Current Deferred Liabilities 0.00 58,310 3.3M 46,305
Dueto Related Parties Current 5,069 5,069 302,079 10,500
Income Tax Payable 470,058 254,740 75,091 0.00
Non Current Deferred Liabilities 40,628 157,951 5.3M 0.00
Non Current Deferred Taxes Liabilities 40,628 157,951 5.3M 0.00
Non Current Prepaid Assets 4,425 4,425 4,425 4,425
Other Current Borrowings 4.7M -- -- --
Other Equity Interest 5.8M 8.1M 4.2M 1.2M
Other Properties 8,549 10,527 1,726 4,645
Other Receivables 458.00 1,658 458.00 458.00
Properties 0.00 0.00 0.00 0.00
Restricted Cash -- 0.00 7,440 0.00
Taxes Receivable 288,784 651,074 387,553 226,771
Total Tax Payable 470,058 254,740 75,091 0.00
Treasury Shares Number -- 0.00 -- --
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow -952,066 -3.6M -5.5M -4.7M
Cash Flow From Continuing Operating Activities -952,066 -3.6M -5.5M -4.7M
Depreciation And Amortization 806,041 2.2M 1.7M 82,414
Depreciation Amortization Depletion 806,041 2.2M 1.7M 82,414
Stock Based Compensation 271,984 1.4M 2.2M 691,020
Deferred Tax -198,232 -4.4M -- --
Deferred Income Tax -198,232 -4.4M -- --
Change In Working Capital 814,261 -322,326 630,199 611,251
Change In Receivables 987,720 -571,263 -883,142 -336,650
Change In Inventory 0.00 87,983 -87,983 0.00
Change In Payables And Accrued Expense -299,965 345,318 1.5M 1.1M
Change In Payable -299,965 345,318 1.5M 1.1M
Change In Other Working Capital -58,310 58,310 -46,305 46,305
Other Non Cash Items 797,738 3.3M 313,423 3.4M
Capital Expenditure -129,350 -- -253,636 -4,645
Purchase Of PPE -- 0.00 -1,373 -4,645
Net PPE Purchase And Sale -- 0.00 -1,373 -4,645
Purchase Of Business 0.00 -4.0M -9.1M 0.00
Sale Of Business -- -- 0.00 10,088
Investing Cash Flow 560,650 -6.6M -12.6M -48,229
Cash Flow From Continuing Investing Activities 560,650 -6.6M -12.6M -48,229
Issuance Of Debt 1.0M 0.00 4.3M 0.00
Repayment Of Debt -1.0M -73,477 -22,800 -745,600
Net Issuance Payments Of Debt -48,209 -73,477 4.3M -745,600
Issuance Of Capital Stock 168,259 11.1M 10.1M 1.0M
Net Common Stock Issuance 168,259 11.1M 10.1M 1.0M
Financing Cash Flow 120,050 10.9M 14.9M 8.2M
Cash Flow From Continuing Financing Activities 120,050 10.9M 14.9M 8.2M
Effect Of Exchange Rate Changes -385,743 19,051 -17,568 0.00
Changes In Cash -271,366 587,384 -3.2M 3.5M
Beginning Cash Position 1.2M 556,804 3.8M 263,699
End Cash Position 506,130 1.2M 556,804 3.8M
Free Cash Flow -1.1M -3.6M -5.7M -4.7M
Asset Impairment Charge 419,950 43.2M 987,593 170,000
Change In Account Payable -515,283 165,093 1.4M 1.1M
Change In Income Tax Payable 215,318 180,225 75,091 0.00
Change In Prepaid Assets 184,816 -242,674 158,326 -156,217
Change In Tax Payable 215,318 180,225 75,091 0.00
Common Stock Issuance 168,259 11.1M 10.1M 1.0M
Gain Loss On Investment Securities -- -- -- 8,000
Interest Paid Cfo -41,313 -19,645 -8,319 -26,638
Interest Received Cfo -- -19,645 3,405 3,819
Long Term Debt Issuance 1.0M 0.00 4.3M 0.00
Long Term Debt Payments -1.0M -73,477 -22,800 -745,600
Net Business Purchase And Sale 0.00 -4.0M -9.1M 10,088
Net Foreign Currency Exchange Gain Loss 12,432 32,253 93,819 0.00
Net Income From Continuing Operations -2.4M -49.0M -10.7M -9.6M
Net Intangibles Purchase And Sale -129,350 0.00 -252,263 0.00
Net Long Term Debt Issuance -48,209 -73,477 4.3M -745,600
Net Other Financing Charges -- -152,711 -480,471 7.9M
Net Other Investing Changes 690,000 -2.6M -3.3M -53,672
Operating Gains Losses 12,432 32,253 93,819 8,000
Proceeds From Stock Option Exercised -- 0.00 1.0M 0.00
Provisionand Write Offof Assets -- -4.4M -661,835 0.00
Purchase Of Intangibles -129,350 0.00 -252,263 0.00
Unrealized Gain Loss On Investment Securities -1.5M 0.00 -- --
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