SEDAR Interim Financial Statements

[
  {
    "companyName": "Nevis Brands Inc.",
    "reportingPeriodEnd": "2025-08-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "assets": {
        "current": {
          "cash": 34562,
          "prepaidExpensesAndDeposits": 12291,
          "receivables": 279178,
          "inventory": 315433,
          "totalCurrentAssets": 641464
        },
        "nonCurrent": {
          "equipmentNet": 14906,
          "intangiblesNet": 1186475,
          "totalNonCurrentAssets": 1201381
        },
        "totalAssets": 1842845
      },
      "liabilities": {
        "current": {
          "accountsPayableAndAccruedLiabilities": 201954,
          "shortTermLoans": 214109,
          "promissoryNote": 249367,
          "totalCurrentLiabilities": 665430
        },
        "nonCurrent": {
          "promissoryNote": 0,
          "totalNonCurrentLiabilities": 0
        },
        "totalLiabilities": 665430
      },
      "shareholdersEquity": {
        "shareCapital": 15094443,
        "contributedSurplus": 430391,
        "deficit": -14421480,
        "accumulatedOtherComprehensiveIncome": 74061,
        "totalShareholdersEquity": 1177415
      },
      "derivedMetrics": {
        "cashPerShare": 0.0009,
        "workingCapitalPerShare": -0.0006
      }
    },
    "incomeStatement": {
      "revenue": 1313908,
      "costOfGoodsSold": -372802,
      "grossProfit": 941106,
      "expenses": {
        "accountingAndAuditFees": 140336,
        "administrativeAndGeneralOffice": 142312,
        "equipmentDepreciation": 7191,
        "intangibleAssetsAmortization": 186528,
        "bankChargesAndInterest": 8343,
        "salariesAndBenefits": 255389,
        "foreignExchangeLossGain": -2137,
        "insurance": 0,
        "transferAgentListingAndFilingFees": 20021,
        "investorRelationsAndMarketing": 116248,
        "legalFees": 6724,
        "shareBasedPayments": 18820,
        "travelAndEntertainment": 41690,
        "totalExpenses": 941465
      },
      "incomeLossFromOperations": -359,
      "otherIncomeAndExpenses": {
        "badDebtRecoveryExpense": -5453,
        "interestExpense": -31176,
        "totalOtherIncomeExpenses": -36629
      },
      "netIncomeLoss": -36988,
      "otherComprehensiveIncome": {
        "currentTranslationAdjustment": -29901,
        "totalOtherComprehensiveIncome": -29901
      },
      "totalComprehensiveIncomeLoss": -66889,
      "lossPerShareBasicAndDiluted": 0,
      "weightedAverageSharesOutstandingBasicAndDiluted": 39662727
    },
    "cashFlowStatement": {
      "operatingActivities": {
        "netLoss": -36988,
        "adjustments": {
          "equipmentDepreciation": 7191,
          "intangibleAssetsAmortization": 186528,
          "shareBasedPayments": 18820,
          "interestExpense": 18428,
          "badDebtExpense": 5453,
          "totalAdjustments": 236420
        },
        "changesInWorkingCapital": {
          "prepaidExpenses": -7948,
          "receivables": -129122,
          "inventory": 15920,
          "accountsPayableAndAccruedLiabilities": -83247,
          "totalChanges": -204397
        },
        "netCashUsedInOperatingActivities": -4965
      },
      "investingActivities": {
        "purchaseOfEquipment": 0,
        "netCashUsedInInvestingActivities": 0
      },
      "financingActivities": {
        "proceedsOnExerciseOfOptions": 0,
        "proceedsFromAmountsDueToRelatedParties": 95273,
        "repaymentOfPromissoryNote": -178526,
        "netCashUsedInFinancingActivities": -83253
      },
      "netChangeInCash": -88218,
      "effectOfExchangeRateChangesOnCash": -6764,
      "cashBeginningOfPeriod": 129544,
      "cashEndOfPeriod": 34562
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Intangible Assets",
        "description": "THC Essentials - Formulas and Trademarks",
        "ownershipPercentage": null,
        "value": 1186475,
        "notes": "Licensed to manufacturing partners for royalty fees"
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 39662727,
      "classesOfShares": ["common shares"],
      "warrants": [],
      "options": [
        {
          "number": 80000,
          "exercisePrice": 0.4,
          "expiryDate": "2026-04-20"
        },
        {
          "number": 250000,
          "exercisePrice": 0.12,
          "expiryDate": "2029-03-01"
        },
        {
          "number": 200000,
          "exercisePrice": 0.13,
          "expiryDate": "2029-07-16"
        },
        {
          "number": 300000,
          "exercisePrice": 0.05,
          "expiryDate": "2030-05-12"
        },
        {
          "number": 1990000,
          "exercisePrice": 0.1,
          "expiryDate": "2033-07-06"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "threeMonthsEndedAug312025": {
          "keyManagementSalariesFees": 74396,
          "shareBasedPayments": 1511,
          "total": 75907
        },
        "threeMonthsEndedAug312024": {
          "keyManagementSalariesFees": 59738,
          "shareBasedPayments": 3010,
          "total": 62748
        },
        "nineMonthsEndedAug312025": {
          "keyManagementSalariesFees": 173952,
          "shareBasedPayments": 17466,
          "total": 191418
        },
        "nineMonthsEndedAug312024": {
          "keyManagementSalariesFees": 198408,
          "shareBasedPayments": 3010,
          "total": 201418
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "CEO",
          "description": "Unsecured promissory note, 10% interest",
          "amount": 100000,
          "period": "2025-02-18 to 2026-02-15"
        },
        {
          "counterparty": "Directors and former director",
          "description": "Short-term loans due on demand, no interest",
          "amount": 214109,
          "period": "As of August 31, 2025"
        }
      ]
    },
    "subsequentEvents": []
  }
]