SEDAR Interim Financial Statements

[
  {
    "companyName": "Pulse Seismic Inc.",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": "MNP LLP",
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": {
        "2025-09-30": 16068,
        "2024-12-31": 8722
      },
      "tradeAndOtherReceivables": {
        "2025-09-30": 2718,
        "2024-12-31": 1908
      },
      "currentTaxAssets": {
        "2025-09-30": null,
        "2024-12-31": 589
      },
      "prepaidExpenses": {
        "2025-09-30": 208,
        "2024-12-31": 262
      },
      "totalCurrentAssets": {
        "2025-09-30": 18994,
        "2024-12-31": 11481
      },
      "seismicDataLibrary": {
        "2025-09-30": 2768,
        "2024-12-31": 9442
      },
      "propertyAndEquipment": {
        "2025-09-30": 37,
        "2024-12-31": 56
      },
      "deferredIncomeTaxAssets": {
        "2025-09-30": 814,
        "2024-12-31": 304
      },
      "rightOfUseAssets": {
        "2025-09-30": 183,
        "2024-12-31": 233
      },
      "totalNonCurrentAssets": {
        "2025-09-30": 3802,
        "2024-12-31": 10035
      },
      "totalAssets": {
        "2025-09-30": 22796,
        "2024-12-31": 21516
      },
      "accountsPayableAndAccruedLiabilities": {
        "2025-09-30": 1537,
        "2024-12-31": 979
      },
      "currentPortionOfShareBasedCompensationPayable": {
        "2025-09-30": 2378,
        "2024-12-31": 1210
      },
      "currentPortionOfLeaseLiabilities": {
        "2025-09-30": 79,
        "2024-12-31": 70
      },
      "currentIncomeTaxLiabilities": {
        "2025-09-30": 999,
        "2024-12-31": null
      },
      "totalCurrentLiabilities": {
        "2025-09-30": 4993,
        "2024-12-31": 2259
      },
      "leaseLiabilities": {
        "2025-09-30": 94,
        "2024-12-31": 134
      },
      "shareBasedCompensationPayable": {
        "2025-09-30": 1072,
        "2024-12-31": 828
      },
      "totalNonCurrentLiabilities": {
        "2025-09-30": 1166,
        "2024-12-31": 962
      },
      "totalLiabilities": {
        "2025-09-30": 6159,
        "2024-12-31": 3221
      },
      "shareCapital": {
        "2025-09-30": 70368,
        "2024-12-31": 70483
      },
      "contributedSurplus": {
        "2025-09-30": 2086,
        "2024-12-31": 2129
      },
      "deficit": {
        "2025-09-30": -55817,
        "2024-12-31": -54317
      },
      "totalShareholdersEquity": {
        "2025-09-30": 16637,
        "2024-12-31": 18295
      },
      "cashPerShare": {
        "2025-09-30": 0.3164,
        "2024-12-31": 0.1695
      },
      "workingCapitalPerShare": {
        "2025-09-30": 0.2757,
        "2024-12-31": 0.1793
      }
    },
    "incomeStatement": {
      "revenue": {
        "2025-09-30": 44491,
        "2024-09-30": 17803
      },
      "amortizationOfSeismicDataLibrary": {
        "2025-09-30": 6674,
        "2024-09-30": 6827
      },
      "salariesInternalCommissionsAndBenefits": {
        "2025-09-30": 6431,
        "2024-09-30": 4385
      },
      "otherSellingGeneralAndAdministrativeCosts": {
        "2025-09-30": 2030,
        "2024-09-30": 1707
      },
      "depreciation": {
        "2025-09-30": 69,
        "2024-09-30": 63
      },
      "totalOperatingExpenses": {
        "2025-09-30": 15204,
        "2024-09-30": 12982
      },
      "resultsFromOperatingActivities": {
        "2025-09-30": 29287,
        "2024-09-30": 4821
      },
      "financingExpenses": {
        "2025-09-30": 11,
        "2024-09-30": 28
      },
      "interestIncome": {
        "2025-09-30": -376,
        "2024-09-30": -390
      },
      "netFinancingIncome": {
        "2025-09-30": -365,
        "2024-09-30": -362
      },
      "earningsLossBeforeIncomeTaxes": {
        "2025-09-30": 29652,
        "2024-09-30": 5183
      },
      "currentIncomeTaxExpense": {
        "2025-09-30": 8672,
        "2024-09-30": 2689
      },
      "deferredIncomeTaxExpenseRecovery": {
        "2025-09-30": -460,
        "2024-09-30": -123
      },
      "incomeTaxExpense": {
        "2025-09-30": 8212,
        "2024-09-30": 2566
      },
      "netEarningsLossAndComprehensiveIncomeLoss": {
        "2025-09-30": 21440,
        "2024-09-30": 2617
      },
      "netEarningsLossPerShareBasicAndDiluted": {
        "2025-09-30": 0.42,
        "2024-09-30": 0.05
      },
      "weightedAverageSharesOutstanding": {
        "2025-09-30": 50781655,
        "2024-12-31": 51448985
      }
    },
    "cashFlowStatement": {
      "netEarningsLossAndComprehensiveIncomeLoss": {
        "2025-09-30": 21440,
        "2024-09-30": 2617
      },
      "amortizationOfSeismicDataLibrary": {
        "2025-09-30": 6674,
        "2024-09-30": 6827
      },
      "depreciation": {
        "2025-09-30": 69,
        "2024-09-30": 63
      },
      "incomeTaxExpense": {
        "2025-09-30": 8212,
        "2024-09-30": 2566
      },
      "shareBasedCompensation": {
        "2025-09-30": null,
        "2024-09-30": 584
      },
      "netFinancingIncome": {
        "2025-09-30": -365,
        "2024-09-30": -362
      },
      "interestAndStandbyFeesPaid": {
        "2025-09-30": null,
        "2024-09-30": -23
      },
      "interestPaidOnLeaseLiabilities": {
        "2025-09-30": -11,
        "2024-09-30": -15
      },
      "interestReceived": {
        "2025-09-30": 373,
        "2024-09-30": 419
      },
      "incomeTaxPaid": {
        "2025-09-30": -7764,
        "2024-09-30": -2740
      },
      "incomeTaxReceived": {
        "2025-09-30": 680,
        "2024-09-30": 61
      },
      "netChangeInNonCashWorkingCapital": {
        "2025-09-30": 1121,
        "2024-09-30": 1863
      },
      "cashProvidedByOperatingActivities": {
        "2025-09-30": 30429,
        "2024-09-30": 11860
      },
      "normalCourseIssuerBid": {
        "2025-09-30": -197,
        "2024-09-30": -3653
      },
      "equityBasedCompensationSettlement": {
        "2025-09-30": null,
        "2024-09-30": -1112
      },
      "dividendsPaid": {
        "2025-09-30": -22855,
        "2024-09-30": -15331
      },
      "leaseLiabilities": {
        "2025-09-30": -31,
        "2024-09-30": -28
      },
      "cashUsedInFinancingActivities": {
        "2025-09-30": -23083,
        "2024-09-30": -20124
      },
      "seismicDataPurchases": {
        "2025-09-30": null,
        "2024-09-30": -225
      },
      "additionsToPropertyAndEquipment": {
        "2025-09-30": null,
        "2024-09-30": -45
      },
      "cashUsedInInvestingActivities": {
        "2025-09-30": null,
        "2024-09-30": -270
      },
      "increaseDecreaseInCashAndCashEquivalents": {
        "2025-09-30": 7346,
        "2024-09-30": -8534
      },
      "cashAndCashEquivalentsBeginningOfPeriod": {
        "2025-09-30": 8722,
        "2024-09-30": 15948
      },
      "cashAndCashEquivalentsEndOfPeriod": {
        "2025-09-30": 16068,
        "2024-09-30": 7414
      }
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Seismic Data Library",
        "description": "2D and 3D seismic data library",
        "ownershipPercentage": null,
        "value": 2768,
        "notes": "Carrying amount as of September 30, 2025. Assessed for impairment and no impairment indicated."
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited common and unlimited preferred",
      "issuedShares": 50755057,
      "classesOfShares": ["common", "preferred"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "threeMonthsEndedSeptember30_2025": {
          "salariesInternalCommissionsAndBenefits": 1981,
          "shareBasedCompensationExpense": null
        },
        "threeMonthsEndedSeptember30_2024": {
          "salariesInternalCommissionsAndBenefits": 1129,
          "shareBasedCompensationExpense": 147
        },
        "nineMonthsEndedSeptember30_2025": {
          "salariesInternalCommissionsAndBenefits": 6431,
          "shareBasedCompensationExpense": null
        },
        "nineMonthsEndedSeptember30_2024": {
          "salariesInternalCommissionsAndBenefits": 4385,
          "shareBasedCompensationExpense": 584
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": []
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-10-27",
        "description": "Declared a regular quarterly dividend of $0.0175 per common share to be paid on November 20, 2025 to shareholders of record at the close of business on November 13, 2025.",
        "impactValue": null
      }
    ]
  }
]