None
SEDAR Interim Financial Statements
KOVO · Price
[
{
"metadata": {
"companyName": "Kovo+ Holdings Inc. (formerly Kovo HealthTech Corporation)",
"reportingPeriodEnd": "2025-09-30",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": []
},
"balanceSheet": {
"asAt": [
"2025-09-30",
"2024-12-31"
],
"cash": [
445,
305
],
"accountsReceivable": [
472,
121
],
"otherReceivablesAndPrepaidExpenses": [
209,
199
],
"promissoryNoteReceivableCurrent": [
32,
215
],
"totalCurrentAssets": [
1158,
840
],
"promissoryNoteReceivableNonCurrent": [
156,
null
],
"rightOfUseAssets": [
55,
96
],
"propertyAndEquipment": [
74,
10
],
"intangibleAssets": [
5700,
5693
],
"goodwill": [
7577,
4731
],
"totalNonCurrentAssets": [
13562,
10530
],
"totalAssets": [
14720,
11370
],
"accountsPayableAndAccruedLiabilities": [
2217,
1935
],
"shortTermDebts": [
15065,
10975
],
"currentPortionOfLeaseLiabilities": [
66,
58
],
"totalCurrentLiabilities": [
17348,
12968
],
"longTermDebts": [
4905,
2346
],
"leaseLiabilitiesNonCurrent": [
null,
50
],
"totalNonCurrentLiabilities": [
4905,
2396
],
"totalLiabilities": [
22253,
15364
],
"shareCapital": [
12053,
10929
],
"contributedSurplus": [
2148,
1887
],
"deficiency": [
-21734,
-16810
],
"totalShareholdersDeficiency": [
-7533,
-3994
],
"totalLiabilitiesAndShareholdersDeficiency": [
14720,
11370
],
"cashPerShare": [
0.0026,
null
],
"workingCapitalPerShare": [
-0.0949,
null
]
},
"incomeStatement": {
"periods": [
"threeMonthsEnded2025-09-30",
"threeMonthsEnded2024-09-30",
"nineMonthsEnded2025-09-30",
"nineMonthsEnded2024-09-30"
],
"revenue": [
2465,
2382,
7977,
7723
],
"rcmRevenue": [
2191,
2112,
7234,
6875
],
"inpatientSystems": [
75,
117,
225,
347
],
"softwareRevenue": [
85,
38,
136,
136
],
"credentialingServices": [
39,
34,
145,
107
],
"ambulatorySoftware": [
22,
38,
82,
118
],
"hourlyServices": [
53,
43,
155,
140
],
"salariesAndBenefits": [
2116,
2041,
6195,
6490
],
"generalAndAdministrative": [
1190,
1237,
2967,
2568
],
"shareBasedCompensation": [
null,
1,
1,
36
],
"depreciationAndAmortization": [
268,
239,
792,
685
],
"totalOperatingExpenses": [
3574,
3518,
9955,
9779
],
"netOperatingLoss": [
-1109,
-1136,
-1978,
-2056
],
"interestExpense": [
-1392,
-536,
-2637,
-1640
],
"otherExpense": [
-20,
-200,
-20,
-200
],
"financingCharges": [
null,
321,
-300,
-589
],
"otherIncome": [
11,
57,
11,
57
],
"netOtherExpense": [
-1401,
-358,
-2946,
-2372
],
"netLossAndComprehensiveLoss": [
-2510,
-1494,
-4924,
-4428
],
"basicAndDilutedLossPerShare": [
-0.01,
-0.01,
-0.03,
-0.06
],
"weightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted": [
176890724,
108419803,
170639436,
74626324
]
},
"cashFlowStatement": {
"periods": [
"nineMonthsEnded2025-09-30",
"nineMonthsEnded2024-09-30"
],
"netLossAndComprehensiveLoss": [
-4924,
-4428
],
"depreciationAndAmortization": [
792,
685
],
"debtServicingCosts": [
null,
589
],
"gainFromExtinguishmentOfDebt": [
null,
-57
],
"financingCharges": [
null,
null
],
"interestExpense": [
2937,
1378
],
"shareBasedCompensation": [
1,
36
],
"accountsReceivable": [
-216,
77
],
"otherReceivablesAndPrepaidExpenses": [
26,
-220
],
"longTermAccountsReceivable": [
null,
null
],
"accountsPayableAndAccruedLiabilities": [
-67,
-1163
],
"taxesPayable": [
null,
-9
],
"contractLiabilities": [
null,
-2
],
"netCashUsedInOperatingActivities": [
-1451,
-3103
],
"additionsToCapitalizedSoftwareCosts": [
null,
-135
],
"additionsToPropertyAndEquipment": [
-3,
-5
],
"acquisitionOfHdm": [
null,
-3300
],
"cashAcquiredAiVector": [
40,
null
],
"promissoryNoteIssued": [
-239,
null
],
"netCashUsedInInvestingActivities": [
-202,
-3440
],
"netReceiptsOnDebt": [
1800,
6841
],
"netPaymentsOnDebt": [
-1291,
-75
],
"shareIssuanceForDebtConversion": [
null,
-1658
],
"proceedsFromIssuanceOfCommonSharesNetOfFinancingCosts": [
1334,
1658
],
"leasePayments": [
-50,
-144
],
"netCashFromFinancingActivities": [
1793,
6622
],
"netIncreaseInCash": [
140,
79
],
"cashBalanceBeginningOfPeriod": [
305,
102
],
"cashBalanceEndOfPeriod": [
445,
181
]
},
"investmentsAndOtherAssets": [
{
"type": "Promissory Note Receivable",
"description": "Secured promissory note receivable from Executive Chairman (board member)",
"ownershipPercentage": null,
"value": 188,
"notes": "Amended on April 28, 2025; $32 current and $156 non-current as at September 30, 2025."
}
],
"shareStructure": {
"authorizedShares": "unlimited",
"issuedShares": 176890724,
"classesOfShares": ["common shares"],
"warrants": [
{
"number": 32813449,
"exercisePrice": 0.169,
"expiryDate": null
}
],
"options": [
{
"number": 500000,
"exercisePrice": 0.77,
"expiryDate": "2026-07-01"
},
{
"number": 1245686,
"exercisePrice": 0.2,
"expiryDate": "2030-02-25"
},
{
"number": 100000,
"exercisePrice": 1.0,
"expiryDate": "2031-03-03"
}
],
"rightsConvertibleInstruments": "Avonlea Debt convertible option at $0.036 per share (Note 8)."
},
"managementCompensation": {
"currency": "USD",
"periods": [
"threeMonthsEnded2025-09-30",
"nineMonthsEnded2025-09-30",
"threeMonthsEnded2024-09-30",
"nineMonthsEnded2024-09-30"
],
"executivesSalary": [65, 239, null, null],
"formerExecutivesSalary": [88, 531, 158, 558],
"shareBasedCompensation": [null, 1, null, null],
"totalCompensation": [153, 771, 158, 558],
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Avonlea Ventures #2 Inc.",
"description": "Senior loan and security agreement (Avonlea Debt)",
"amount": 12468,
"period": "As of September 30, 2025"
},
{
"counterparty": "Avonlea Ventures #2 Inc.",
"description": "Secured promissory grid note",
"amount": 2052,
"period": "As of September 30, 2025"
},
{
"counterparty": "HEAL USA Inc.",
"description": "Promissory note",
"amount": 58,
"period": "As of September 30, 2025"
},
{
"counterparty": "Insiders",
"description": "Purchase of common shares in private placement",
"amount": 150,
"period": "For the nine months ended September 30, 2025"
}
]
},
"subsequentEvents": []
}
]
More from Kovo+ Holdings Inc
Sep 25, 2025 · 02:36