SEDAR Interim Financial Statements

[
  {
    "companyName": "Novra Technologies Inc.",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 1531857,
      "tradeAndOtherReceivables": 880031,
      "subLeaseReceivableCurrent": 5139,
      "inventories": 897554,
      "prepaymentsAndOther": 32155,
      "totalCurrentAssets": 3346736,
      "equipment": 87212,
      "rightOfUseAssets": 984183,
      "intangibleAssets": 1719240,
      "totalNonCurrentAssets": 2790635,
      "totalAssets": 6137371,
      "tradeAndOtherPayables": 787697,
      "borrowingsCurrent": 171495,
      "leaseLiabilitiesCurrent": 350005,
      "customerDeposits": 390953,
      "deferredRevenueCurrent": 1073809,
      "advancesFromRelatedParties": 1832529,
      "totalCurrentLiabilities": 4606488,
      "borrowingsNonCurrent": 2207023,
      "leaseLiabilitiesNonCurrent": 925935,
      "deferredRevenueNonCurrent": 221878,
      "promissoryNotesFromRelatedParty": 1393480,
      "totalNonCurrentLiabilities": 4748316,
      "totalLiabilities": 9354804,
      "shareCapital": 8053749,
      "contributedSurplus": 500576,
      "accumulatedOtherComprehensiveGainLoss": -96630,
      "accumulatedDeficit": -11455009,
      "totalEquityAttributableToShareholders": -2997314,
      "nonControllingInterests": -220119,
      "totalEquity": -3217433,
      "cashPerShare": 0.0458,
      "workingCapitalPerShare": -0.0377
    },
    "incomeStatement": {
      "revenue": 3969317,
      "costOfRevenue": 1891942,
      "grossProfit": 2077375,
      "generalAndAdministrative": 728814,
      "salesAndMarketing": 535500,
      "researchAndDevelopment": 856058,
      "totalOperatingExpenses": 2120372,
      "operatingIncomeLoss": -42997,
      "foreignExchangeGainLoss": 12206,
      "financeIncome": 658658,
      "financeCosts": -119036,
      "incomeLossBeforeIncomeTaxes": 508832,
      "incomeTaxRecoveryExpense": null,
      "netIncomeLoss": 508832,
      "foreignCurrencyTranslationAdjustments": 87674,
      "comprehensiveIncomeLoss": 596506,
      "basicEarningsLossPerShare": 0.0169,
      "dilutedEarningsLossPerShare": 0.0169,
      "weightedAverageSharesOutstandingBasic": 33420293,
      "weightedAverageSharesOutstandingDiluted": 33420293,
      "netIncomeLossAttributableToShareholders": 564541,
      "netIncomeLossAttributableToNonControllingInterest": -55709
    },
    "cashFlowStatement": {
      "netIncomeLoss": 508832,
      "depreciationAndAmortization": 584867,
      "interestExpense": 119036,
      "tradeAndOtherReceivables": -452868,
      "provisionForTradeAndOtherReceivables": -12815,
      "subLeaseReceivable": 42488,
      "inventories": -168388,
      "provisionForInventories": 262630,
      "otherAssets": -26779,
      "tradeAndOtherPayablesAndAccruedLiabilities": -181561,
      "customerDeposits": 296041,
      "deferredRevenue": 158033,
      "advancesRelatedParty": 150431,
      "changesInPromissoryNotes": 50016,
      "netCashProvidedByOperatingActivities": 1329962,
      "intangibleAssets": -453763,
      "netCashProvidedByInvestingActivities": -453763,
      "repaymentsOnBankBorrowings": -25000,
      "proceedsFromBankBorrowings": 25000,
      "paymentsOnLeaseLiabilities": -307422,
      "paymentsOnDisasterAssistanceFunding": -9203,
      "paymentOnRevolvingLineOfCreditWithChymiakTrust": -83928,
      "forgivenessOfAccountsPayable": -677251,
      "proceedsOfSNAPSLoan": 681000,
      "netCashProvidedByFinancingActivities": -396804,
      "effectOfExchangeRatesOnCash": -27223,
      "netIncreaseDecreaseInCash": 452173,
      "cashBeginningOfPeriod": 1079684,
      "cashEndOfPeriod": 1531857
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Subsidiary",
        "description": "51.6% controlling interest in Wegener Corporation",
        "ownershipPercentage": 51.6,
        "value": null,
        "notes": "Acquired on December 29, 2017 to expand footprint in digital media management and distribution technologies."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited Class A Common voting shares, Unlimited Class B Common non-voting shares, Unlimited Class C Preferred shares (redeemable and retractable at $1,000)",
      "issuedShares": 33420293,
      "classesOfShares": ["Class A Common voting shares", "Class B Common non-voting shares", "Class C Preferred shares"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": "Convertible Loan Agreement with SNAPS Holding Company for $12.3 million, convertible at $0.34 per share (potential 36,053,000 shares). First payment of $681,000 received in Q2 2025."
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": [
        {
          "period": "Nine months ended September 30, 2025",
          "salariesAndEmployeeBenefits": 357000,
          "directorsFees": 9000,
          "total": 366000
        },
        {
          "period": "Nine months ended September 30, 2024",
          "salariesAndEmployeeBenefits": 357000,
          "directorsFees": 9000,
          "total": 366000
        }
      ],
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "CEO (via salary/expense advances)",
          "description": "Unpaid salaries and expense reimbursements",
          "amount": 1260000,
          "period": "As of September 30, 2025"
        },
        {
          "counterparty": "InfoMagnetics Technologies Inc. (IMT)",
          "description": "Amounts invoiced but not paid",
          "amount": 502000,
          "period": "As of September 30, 2025"
        },
        {
          "counterparty": "InfoMagnetics Technologies Inc. (IMT)",
          "description": "Interest on unsecured promissory notes",
          "amount": 50000,
          "period": "Nine months ended September 30, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-12-01",
        "description": "Board of Directors authorized the financial statements for issue.",
        "impactValue": null
      },
      {
        "eventDate": null,
        "description": "Convertible Loan Agreement with SNAPS Holding Company extended closing date to on or before December 15, 2025. Full funds not yet received.",
        "impactValue": null
      }
    ]
  }
]