10-K Filing

PINEAPPLE FINANCIAL INC. CIK: 1938109 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001493152-23-044927`
Period End Date	20230831
Filing Date	20231214
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	form10-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 39 Cash Flow Statement 55 Stockholders Equity 12

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.31M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.31M	shares	Point-in-time
Cash	`Cash`	$3.90M	USD	Point-in-time
Cash	`Cash`	$720.37K	USD	Point-in-time
Trade and other receivables	`AccountsAndOtherReceivablesNetCurrent`	$33.12K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.31M	shares	Point-in-time
Trade and other receivables	`AccountsAndOtherReceivablesNetCurrent`	$758.99K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.31M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.31M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.56M	shares	Point-in-time
Prepaid expenses and deposits	`PrepaidExpensesAndDeposits`	$218.15K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpensesAndDeposits`	$483.69K	USD	Point-in-time
Income tax receivable	`IncomeTaxReceivable`	$71.08K	USD	Point-in-time
Income tax receivable	`IncomeTaxReceivable`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.70M	USD	Point-in-time
Investments	`Investments`	$38.21K	USD	Point-in-time
Investments	`Investments`	$10.01K	USD	Point-in-time
Right-of-use asset	`OperatingLeaseRightOfUseAsset`	$960.38K	USD	Point-in-time
Right-of-use asset	`OperatingLeaseRightOfUseAsset`	$954.09K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$247.66K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$242.09K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$702.39K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$1.72M	USD	Point-in-time
Total Assets	`Assets`	$6.43M	USD	Point-in-time
Total Assets	`Assets`	$4.63M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$605.32K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$780.11K	USD	Point-in-time
Loan	`LoansPayable`	$430.10K	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$138.37K	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$2.02K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$782.14K	USD	Point-in-time
Deferred government grant	`DeferredIncome`	$699.63K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityNoncurrent`	$969.59K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityNoncurrent`	$1.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.84M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.80M	USD	Point-in-time
Common shares, no par value; unlimited authorized; 6,306,979 issued and outstanding as at August 31, 2023 and 2022	`CommonStockValue`	$4.90M	USD	Point-in-time
Common shares, no par value; unlimited authorized; 6,306,979 issued and outstanding as at August 31, 2023 and 2022	`CommonStockValue`	$78.00	USD	Point-in-time
Common shares, no par value; unlimited authorized; 6,306,979 issued and outstanding as at August 31, 2023 and 2022	`CommonStockValue`	$4.90M	USD	Point-in-time
Common shares, no par value; unlimited authorized; 6,306,979 issued and outstanding as at August 31, 2023 and 2022	`CommonStockValue`	$4.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.96M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-353.22K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-417.73K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.85M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.63M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.92M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.79M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS	`LiabilitiesAndStockholdersEquity`	$4.63M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS	`LiabilitiesAndStockholdersEquity`	$6.43M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.50M	USD	Annual
Net Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.60M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.98M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.01M	USD	Annual
Salaries, wages and benefits	`SalariesAndWages`	$2.33M	USD	Annual
Salaries, wages and benefits	`SalariesAndWages`	$2.36M	USD	Annual
Interest expense and bank charges	`InterestExpense`	$94.20K	USD	Annual
Interest expense and bank charges	`InterestExpense`	$56.32K	USD	Annual
Depreciation	`Depreciation`	$255.87K	USD	Annual
Depreciation	`Depreciation`	$441.16K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$637.52K	USD	Point-in-time
Share-based compensation	`ShareBasedCompensation`	$567.94K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$33.09K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$57.34K	USD	Point-in-time
Share-based compensation	`ShareBasedCompensation`	$723.22K	USD	Annual
Government based incentive	`GovernmentBasedIncentive`	-	USD	Annual
Government based incentive	`GovernmentBasedIncentive`	$591.48K	USD	Annual
Total expenses	`OperatingExpenses`	$6.41M	USD	Annual
Total expenses	`OperatingExpenses`	$5.28M	USD	Annual
Writedown of investment	`InvestmentIncomeInvestmentExpense`	-	USD	Annual
Writedown of investment	`InvestmentIncomeInvestmentExpense`	$27.14K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.81M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.81M	USD	Annual
Income taxes (recovery) expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income taxes (recovery) expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-2.81M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.81M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-64.51K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-205.22K	USD	Annual
Net loss and comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.02M	USD	Annual
Net loss and comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.87M	USD	Annual
Loss per share - basic	`EarningsPerShareBasic`	$-0.45	USD	Annual
Loss per share - basic	`EarningsPerShareBasic`	$-0.45	USD	Annual
Loss per share - diluted	`EarningsPerShareDiluted`	$-0.45	USD	Annual
Loss per share - diluted	`EarningsPerShareDiluted`	$-0.45	USD	Annual
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.31M	shares	Annual
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.31M	shares	Annual
Weighted average number of common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.31M	shares	Annual
Weighted average number of common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.31M	shares	Annual

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net (loss) and comprehensive (loss)	`NetIncomeLoss`	$-2.81M	USD	Annual
Net (loss) and comprehensive (loss)	`NetIncomeLoss`	$-2.81M	USD	Annual
Depreciation of property and equipment	`DepreciationOfPropertyAndEquipment`	$42.22K	USD	Annual
Depreciation of property and equipment	`DepreciationOfPropertyAndEquipment`	$67.67K	USD	Annual
Depreciation of intangible assets	`DepreciationOfIntangibleAssets`	$79.49K	USD	Annual
Depreciation of intangible assets	`DepreciationOfIntangibleAssets`	$265.15K	USD	Annual
Depreciation on right of use asset	`DepreciationOnRightOfUseAsset`	$90.05K	USD	Annual
Depreciation on right of use asset	`DepreciationOnRightOfUseAsset`	$108.33K	USD	Annual
Interest expense on lease liability	`InterestExpenseOther`	$32.02K	USD	Annual
Interest expense on lease liability	`InterestExpenseOther`	$56.32K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$637.52K	USD	Point-in-time
Share-based compensation	`ShareBasedCompensation`	$567.94K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$33.09K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$57.34K	USD	Point-in-time
Share-based compensation	`ShareBasedCompensation`	$723.22K	USD	Annual
Writedown of investment	`InvestmentIncomeInvestmentExpense`	-	USD	Annual
Writedown of investment	`InvestmentIncomeInvestmentExpense`	$27.14K	USD	Annual
Trade and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$32.28K	USD	Annual
Trade and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$26.24K	USD	Annual
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidExpense`	$-265.55K	USD	Annual
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidExpense`	$336.36K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-174.79K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$382.29K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-70.72K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$5.49K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.12M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.83M	USD	Annual
Issuance costs paid in connection with the private Proceeds from Loan	`ProceedsFromIssuanceOfPrivatePlacement`	$430.10K	USD	Annual
Issuance costs paid in connection with the private Proceeds from Loan	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	Annual
Lease payments	`FinanceLeasePrincipalPayments`	$81.09K	USD	Annual
Lease payments	`FinanceLeasePrincipalPayments`	$61.47K	USD	Annual
Net cash provided by financing activity	`NetCashProvidedByUsedInFinancingActivities`	$349.01K	USD	Annual
Net cash provided by financing activity	`NetCashProvidedByUsedInFinancingActivities`	$-61.47K	USD	Annual
Investments	`PaymentsForProceedsFromInvestments`	-	USD	Annual
Investments	`PaymentsForProceedsFromInvestments`	-	USD	Annual
Additions to intangible assets	`PaymentsToAcquireIntangibleAssets`	$803.61K	USD	Annual
Additions to intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.30M	USD	Annual
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$62.07K	USD	Annual
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$249.32K	USD	Annual
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-1.05M	USD	Annual
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-1.36M	USD	Annual
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-2.95M	USD	Annual
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-3.13M	USD	Annual
Effect of changes in foreign exchange rates	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-165.39K	USD	Annual
Effect of changes in foreign exchange rates	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-47.08K	USD	Annual
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.01M	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$720.37K	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.90M	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.01M	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$720.37K	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.90M	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$4.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.79M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$723.22K	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$33.09K	USD	Annual
Foreign exchange translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-64.51K	USD	Annual
Foreign exchange translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-205.22K	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.81M	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.81M	USD	Annual
Balance	`StockholdersEquity`	$4.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.79M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.