SEDAR Interim Financial Statements

[
  {
    "companyName": "PRISM RESOURCES INC.",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "asOf": "2025-09-30",
      "comparativeAsOf": "2024-12-31",
      "assets": {
        "currentAssets": {
          "cash": 6493,
          "accountsReceivable": 302,
          "prepaidExpenses": 0,
          "totalCurrentAssets": 6795
        },
        "totalAssets": 6795
      },
      "liabilities": {
        "currentLiabilities": {
          "accountsPayableAndAccruedLiabilities": 827619,
          "dueToRelatedParties": 1913091,
          "loansPayable": 100000,
          "convertibleLoans": 380000,
          "totalCurrentLiabilities": 3220710
        },
        "totalLiabilities": 3220710
      },
      "shareholdersDeficit": {
        "shareCapital": 16463801,
        "shareBasedPaymentsReserve": 924834,
        "deficit": -20602550,
        "totalShareholdersDeficit": -3213915
      },
      "derivedMetrics": {
        "cashPerShare": 0.0001,
        "workingCapitalPerShare": -0.0619
      }
    },
    "incomeStatement": {
      "period": "nine months ended September 30, 2025",
      "comparativePeriod": "nine months ended September 30, 2024",
      "revenues": null,
      "expenses": {
        "investorRelations": 1990,
        "listingAndFilingFees": 9987,
        "office": 3171,
        "professionalFees": 28154
      },
      "lossBeforeOtherItems": -43302,
      "otherItems": {
        "financeCost": -5000,
        "interestExpense": -39883,
        "foreignExchangeGainLoss": 141,
        "totalOtherItems": -44742
      },
      "netLoss": -88044,
      "basicAndDilutedLossPerShare": 0.0,
      "weightedAverageSharesOutstanding": 51945393
    },
    "cashFlowStatement": {
      "period": "nine months ended September 30, 2025",
      "comparativePeriod": "nine months ended September 30, 2024",
      "operatingActivities": {
        "netLoss": -88044,
        "adjustments": {
          "financeCost": 5000,
          "foreignExchangeGainLoss": -141
        },
        "changesInNonCashWorkingCapital": {
          "accountsReceivable": 1185,
          "prepaidExpenses": 1250,
          "accountsPayableAndAccruedLiabilities": 47093,
          "dueToRelatedParties": 5432
        },
        "cashUsedInOperatingActivities": -28225
      },
      "financingActivities": {
        "cashReceivedFromConvertibleLoans": 15000,
        "cashProvidedByFinancingActivities": 15000
      },
      "decreaseInCash": -13225,
      "cashBeginningOfPeriod": 19718,
      "cashEndOfPeriod": 6493
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Royalty",
        "description": "7.5% Net Profits Interest in certain mining claims in the Porcupine Mining District of Ontario, Canada",
        "ownershipPercentage": 7.5,
        "value": null,
        "notes": "The royalty is fully enforceable against Detour (now Agnico Eagle)."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 51945393,
      "classesOfShares": [
        "common"
      ],
      "warrants": [],
      "options": [
        {
          "number": 3000000,
          "exercisePrice": 0.1,
          "expiryDate": "2032-03-01"
        },
        {
          "number": 200000,
          "exercisePrice": 0.11,
          "expiryDate": "2032-03-13"
        }
      ],
      "rightsConvertibleInstruments": "Convertible loans (note 3) are convertible into common shares at a price per share determined by dividing the dollar amount being converted by the market price of the shares, less the maximum allowable discount."
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-09-30": {
          "salaries": 0,
          "shareBased": 0,
          "bonus": 0,
          "other": 0,
          "total": 0
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "directors",
          "description": "Due to related parties (directors)",
          "amount": 1913091,
          "period": "2025-09-30"
        },
        {
          "counterparty": "directors, interim CEO, CFO",
          "description": "Loans payable and convertible loans payable",
          "amount": 62319,
          "period": "2025-09-30"
        },
        {
          "counterparty": "related parties",
          "description": "Interest expense",
          "amount": 6012,
          "period": "2025-09-30"
        }
      ]
    },
    "subsequentEvents": []
  }
]