Edgewater Wireless Systems Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Apr 30, 2025 | FY 2024Apr 30, 2024 | FY 2023Apr 30, 2023 | FY 2022Apr 30, 2022 | FY 2021Apr 30, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 0.00 | 13,354 | 7,574 | 11,369 | -- |
| Operating Revenue | 0.00 | 13,354 | 7,574 | 11,369 | -- |
| Cost Of Revenue | 0.00 | 1,271 | 557.00 | 1,164 | -- |
| Gross Profit | 0.00 | 12,083 | 7,017 | 10,205 | -- |
| Selling General And Administration | 2.1M | 630,960 | 838,705 | 912,536 | -- |
| General And Administrative Expense | 2.0M | 568,677 | 725,632 | 784,650 | -- |
| Research And Development | 84,953 | 18,922 | 28,260 | 97,349 | -- |
| Other Operating Expenses | -- | -- | -- | 41,949 | 52,995 |
| Operating Expense | 2.2M | 649,882 | 866,965 | 1.0M | -- |
| Operating Income | -2.2M | -637,799 | -859,948 | -999,680 | -- |
| EBIT | -1.9M | -84,923 | -789,875 | -1.1M | -- |
| Interest Expense | 110,149 | 5,749 | 9,569 | 462.00 | -- |
| Interest Expense Non Operating | 110,149 | 5,749 | 9,569 | 462.00 | -- |
| Interest Income | 9,823 | 3,285 | 7,122 | 2,091 | -- |
| Interest Income Non Operating | 9,823 | 3,285 | 7,122 | 2,091 | -- |
| Net Interest Income | -100,326 | -2,464 | -2,447 | 1,629 | -- |
| Other Income Expense | 204,022 | 549,591 | 62,951 | -59,548 | -- |
| Other Non Operating Income Expenses | -50,648 | -42,280 | -49,859 | -41,949 | -- |
| Special Income Charges | 383,625 | 415,969 | 0.00 | -- | -- |
| Gain On Sale Of Security | -128,955 | 175,902 | 112,810 | -17,599 | -- |
| Pretax Income | -2.1M | -90,672 | -799,444 | -1.1M | -- |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Net Income From Continuing And Discontinued Operation | -2.1M | -90,672 | -799,444 | -1.1M | -- |
| Net Income From Continuing Operation Net Minority Interest | -2.1M | -90,672 | -799,444 | -1.1M | -- |
| Net Income Including Noncontrolling Interests | -2.1M | -90,672 | -799,444 | -1.1M | -- |
| Net Income Common Stockholders | -2.1M | -90,672 | -799,444 | -1.1M | -- |
| Net Income | -2.1M | -90,672 | -799,444 | -1.1M | -- |
| EBITDA | -1.9M | -66,440 | -771,434 | -1.1M | -- |
| Normalized EBITDA | -2.2M | -658,311 | -884,244 | -1.0M | -- |
| Reconciled Depreciation | 17,735 | 18,483 | 18,441 | 3,963 | -- |
| Basic EPS | -- | -0.00 | -0.00 | -0.01 | -0.01 |
| Diluted EPS | -- | -0.00 | -0.00 | -0.01 | -0.01 |
| Basic Average Shares | -- | 191.1M | 187.1M | 187.0M | 171.1M |
| Diluted Average Shares | -- | 191.1M | 187.1M | 187.0M | 171.1M |
| Total Unusual Items | 254,670 | 591,871 | 112,810 | -17,599 | -- |
| Total Unusual Items Excluding Goodwill | 254,670 | 591,871 | 112,810 | -17,599 | -- |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Normalized Income | -2.3M | -682,543 | -912,254 | -1.0M | -- |
| Diluted NI Availto Com Stockholders | -2.1M | -90,672 | -799,444 | -1.1M | -- |
| Net Income Continuous Operations | -2.1M | -90,672 | -799,444 | -1.1M | -- |
| Net Non Operating Interest Income Expense | -100,326 | -2,464 | -2,447 | 1,629 | -- |
| Other Gand A | 2.0M | 568,677 | 725,632 | 784,650 | -- |
| Other Special Charges | -383,625 | -415,969 | -- | -- | -- |
| Reconciled Cost Of Revenue | 0.00 | 1,271 | 557.00 | 1,164 | -- |
| Selling And Marketing Expense | 59,068 | 62,283 | 113,073 | 127,886 | -- |
| Total Expenses | 2.2M | 651,153 | 867,522 | 1.0M | -- |
| Total Operating Income As Reported | -2.2M | -692,162 | -916,824 | -- | -- |
| Line Item | FY 2025Apr 30, 2025 | FY 2024Apr 30, 2024 | FY 2023Apr 30, 2023 | FY 2022Apr 30, 2022 | FY 2021Apr 30, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 1.1M | 99,393 | 81,098 | 167,586 | -- |
| Cash Cash Equivalents And Short Term Investments | 1.1M | 110,473 | 91,889 | 178,202 | -- |
| Cash Financial | 1.1M | 99,393 | 81,098 | 167,586 | -- |
| Other Short Term Investments | 0.00 | 11,080 | 10,791 | 10,616 | -- |
| Accounts Receivable | -- | 0.00 | 5,778 | 7,293 | 0.00 |
| Receivables | 49,824 | 8,460 | 24,561 | 13,221 | -- |
| Prepaid Assets | 159,383 | 148,201 | 170,749 | 161,179 | -- |
| Current Assets | 1.4M | 267,134 | 287,199 | 352,602 | -- |
| Gross PPE | 319,173 | 321,787 | 338,365 | 354,981 | -- |
| Accumulated Depreciation | -304,129 | -303,521 | -302,162 | -300,847 | -- |
| Net PPE | 15,044 | 18,266 | 36,203 | 54,134 | -- |
| Goodwill And Other Intangible Assets | -- | -- | 0.00 | 0.00 | 0.00 |
| Total Non Current Assets | 15,044 | 18,266 | 36,203 | 54,134 | -- |
| Total Assets | 1.4M | 285,400 | 323,402 | 406,736 | -- |
| Current Debt | 419,761 | 12,494 | 61,850 | 148,630 | -- |
| Current Debt And Capital Lease Obligation | 432,619 | 32,226 | 78,850 | 163,318 | -- |
| Accounts Payable | 748,984 | 935,558 | 1.3M | 1.2M | -- |
| Payables | 748,984 | 935,558 | 1.3M | 1.2M | -- |
| Payables And Accrued Expenses | 1.1M | 1.4M | 1.6M | 1.5M | -- |
| Current Accrued Expenses | 308,388 | 441,105 | 334,616 | 291,722 | -- |
| Current Deferred Revenue | 252,119 | 252,119 | 252,119 | 252,119 | -- |
| Current Liabilities | 1.7M | 1.7M | 2.1M | 2.0M | -- |
| Long Term Debt | 60,000 | 241,834 | 347,282 | -- | 33,140 |
| Long Term Debt And Capital Lease Obligation | 61,160 | 241,834 | 367,014 | 36,689 | -- |
| Long Term Capital Lease Obligation | 1,160 | 0.00 | 19,732 | 36,689 | -- |
| Total Non Current Liabilities Net Minority Interest | 61,160 | 241,834 | 367,014 | 36,689 | -- |
| Total Liabilities Net Minority Interest | 1.8M | 1.9M | 2.4M | 2.0M | -- |
| Common Stock | 37.5M | 36.5M | 36.1M | 36.1M | -- |
| Capital Stock | 37.5M | 36.5M | 36.1M | 36.1M | -- |
| Additional Paid In Capital | 9.5M | 8.5M | 8.2M | 7.9M | -- |
| Retained Earnings | -49.7M | -47.6M | -47.4M | -46.6M | -- |
| Common Stock Equity | -435,052 | -1.7M | -2.1M | -1.6M | -- |
| Stockholders Equity | -435,052 | -1.7M | -2.1M | -1.6M | -- |
| Total Equity Gross Minority Interest | -435,052 | -1.7M | -2.1M | -1.6M | -- |
| Total Capitalization | -375,052 | -1.4M | -1.7M | -1.6M | -- |
| Net Tangible Assets | -435,052 | -1.7M | -2.1M | -1.6M | -- |
| Tangible Book Value | -435,052 | -1.7M | -2.1M | -1.6M | -- |
| Working Capital | -388,936 | -1.4M | -1.8M | -1.6M | -- |
| Invested Capital | 44,709 | -1.4M | -1.7M | -1.5M | -- |
| Total Debt | 493,779 | 274,060 | 445,864 | 200,007 | -- |
| Net Debt | -- | 154,935 | 328,034 | -- | -- |
| Share Issued | 237.9M | 196.9M | 187.6M | 187.0M | -- |
| Ordinary Shares Number | 237.9M | 196.9M | 187.6M | 187.0M | -- |
| Capital Lease Obligations | 14,018 | 19,732 | 36,732 | 51,377 | -- |
| Current Capital Lease Obligation | 12,858 | 19,732 | 17,000 | 14,688 | -- |
| Current Deferred Liabilities | 252,119 | 252,119 | 275,002 | 275,002 | -- |
| Current Notes Payable | 13,337 | 12,494 | 12,702 | -- | -- |
| Machinery Furniture Equipment | 129,569 | 129,074 | 128,528 | 128,018 | -- |
| Non Current Deferred Liabilities | -- | -- | -- | 0.00 | 23,160 |
| Other Current Borrowings | 406,424 | -- | 49,148 | 148,630 | 12,564 |
| Other Equity Interest | 2.2M | 983,250 | 984,569 | 1.0M | -- |
| Other Properties | 189,604 | 192,713 | 209,837 | 226,963 | -- |
| Pensionand Other Post Retirement Benefit Plans Current | 0.00 | 33,277 | 53,511 | 67,994 | -- |
| Taxes Receivable | 49,824 | 8,460 | 18,783 | 5,928 | -- |
| Line Item | FY 2025Apr 30, 2025 | FY 2024Apr 30, 2024 | FY 2023Apr 30, 2023 | FY 2022Apr 30, 2022 | FY 2021Apr 30, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | -744,594 | -364,570 | -673,253 | -1.4M | -- |
| Cash Flow From Continuing Operating Activities | -744,594 | -364,570 | -673,253 | -1.4M | -- |
| Depreciation And Amortization | 17,735 | 18,483 | 18,441 | 3,963 | -- |
| Depreciation Amortization Depletion | 17,735 | 18,483 | 18,441 | 3,963 | -- |
| Stock Based Compensation | 1.3M | 74,613 | 108,285 | 223,219 | -- |
| Change In Working Capital | -330,114 | -247,828 | 106,691 | -598,612 | -- |
| Change In Receivables | -41,364 | 16,101 | -11,340 | 3,376 | -- |
| Change In Inventory | -- | -- | -- | 0.00 | 0.00 |
| Change In Payables And Accrued Expense | -277,568 | -286,477 | 127,601 | -487,486 | -- |
| Change In Other Working Capital | -- | -- | 1,189 | -- | -- |
| Other Non Cash Items | 105,540 | 4,575 | 6,727 | 462.00 | -- |
| Capital Expenditure | -495.00 | -546.00 | -510.00 | -3,477 | -- |
| Purchase Of PPE | -495.00 | -546.00 | -510.00 | -3,477 | -- |
| Net PPE Purchase And Sale | -495.00 | -546.00 | -510.00 | -3,477 | -- |
| Purchase Of Investment | -- | -- | -- | 0.00 | -10,581 |
| Sale Of Investment | 11,479 | 0.00 | -- | -- | -- |
| Net Investment Purchase And Sale | 11,479 | 0.00 | -175.00 | 0.00 | -- |
| Investing Cash Flow | 10,984 | -546.00 | -685.00 | -3,477 | -- |
| Cash Flow From Continuing Investing Activities | 10,984 | -546.00 | -685.00 | -3,477 | -- |
| Issuance Of Debt | -- | 0.00 | 716,000 | 100,000 | 260,000 |
| Repayment Of Debt | -23,666 | -21,864 | -121,372 | 0.00 | -- |
| Net Issuance Payments Of Debt | -23,666 | -21,864 | 594,628 | 100,000 | -- |
| Issuance Of Capital Stock | 1.8M | 417,651 | 0.00 | 0.00 | -- |
| Net Common Stock Issuance | 1.8M | 417,651 | 0.00 | 0.00 | -- |
| Financing Cash Flow | 1.8M | 383,411 | 587,450 | 100,000 | -- |
| Cash Flow From Continuing Financing Activities | 1.8M | 383,411 | 587,450 | 100,000 | -- |
| Changes In Cash | 1.0M | 18,295 | -86,488 | -1.3M | -- |
| Beginning Cash Position | 99,393 | 81,098 | 167,586 | 1.5M | -- |
| End Cash Position | 1.1M | 99,393 | 81,098 | 167,586 | -- |
| Free Cash Flow | -745,089 | -365,116 | -673,763 | -1.4M | -- |
| Amortization Cash Flow | 17,127 | 17,124 | 17,126 | 0.00 | -- |
| Amortization Of Intangibles | 17,127 | 17,124 | 17,126 | 0.00 | -- |
| Change In Prepaid Assets | -11,182 | 22,548 | -9,570 | -114,502 | -- |
| Common Stock Issuance | 1.8M | 417,651 | 0.00 | 0.00 | -- |
| Depreciation | 608.00 | 1,359 | 1,315 | 3,963 | -- |
| Interest Paid Cfo | -- | -- | -9,569 | -243.00 | -45,231 |
| Long Term Debt Issuance | -- | 0.00 | 716,000 | 0.00 | 260,000 |
| Long Term Debt Payments | -21,372 | -21,372 | -21,372 | 0.00 | -- |
| Net Foreign Currency Exchange Gain Loss | 843.00 | -208.00 | 29,443 | 11,483 | -- |
| Net Income From Continuing Operations | -2.1M | -90,672 | -799,444 | -1.1M | -- |
| Net Long Term Debt Issuance | -21,372 | -21,372 | 694,628 | 0.00 | -- |
| Net Other Financing Charges | -38,150 | -12,376 | -7,178 | -- | -118,810 |
| Net Short Term Debt Issuance | -2,294 | -492.00 | -100,000 | 100,000 | -- |
| Operating Gains Losses | 843.00 | -208.00 | 29,443 | 11,483 | -- |
| Short Term Debt Issuance | -- | -- | 0.00 | 100,000 | -- |
| Short Term Debt Payments | -2,294 | -492.00 | -100,000 | 0.00 | -- |
| Unrealized Gain Loss On Investment Securities | 176,530 | -123,533 | -143,396 | 0.00 | -- |