None
SEDAR Interim Financial Statements
RAD · Price
[
{
"companyName": "RADIAL RESEARCH CORP.",
"reportingPeriodEnd": "2025-08-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"assets": {
"currentAssets": {
"cash": 160438,
"amountsReceivable": 12977,
"prepaidExpenseAndDeposits": 5000,
"totalCurrentAssets": 178415
},
"nonCurrentAssets": {
"intangibleAssets": 1,
"totalNonCurrentAssets": 1
},
"totalAssets": 178416
},
"liabilitiesAndEquity": {
"currentLiabilities": {
"accountsPayableAndAccruedLiabilities": 162786,
"convertibleDebenture": 456202,
"totalCurrentLiabilities": 618988
},
"totalLiabilities": 618988,
"shareholdersDeficit": {
"shareCapital": 1409734,
"optionsReserve": 20000,
"equityPortionOfConvertibleDebenture": 478386,
"deficit": -2348692,
"totalShareholdersDeficit": -440572
},
"totalLiabilitiesAndShareholdersDeficit": 178416
},
"derivedMetrics": {
"cashPerShare": 0.0058,
"workingCapitalPerShare": -0.0158
}
},
"incomeStatement": {
"periods": {
"2025-08-31": {
"operatingExpenses": {
"consulting": 12100,
"generalAndAdministrative": 6027,
"professionalFees": -11229,
"totalOperatingExpenses": 6898
},
"lossBeforeOtherItems": -6898,
"otherItems": {
"gainOnModificationOfDebt": 45247,
"interestAndAccretion": -17874,
"totalOtherItems": 27373
},
"netLossGainAndComprehensiveLossGain": 20475,
"lossPerShareBasicAndDiluted": 0.0,
"weightedAverageNumberOfCommonSharesOutstanding": 27838189
},
"2024-08-31": {
"operatingExpenses": {
"consulting": 9400,
"generalAndAdministrative": 6321,
"professionalFees": 10951,
"totalOperatingExpenses": 26672
},
"lossBeforeOtherItems": -26672,
"otherItems": {
"gainOnModificationOfDebt": 43500,
"interestAndAccretion": -15670,
"totalOtherItems": 27830
},
"netLossGainAndComprehensiveLossGain": 1158,
"lossPerShareBasicAndDiluted": 0.0,
"weightedAverageNumberOfCommonSharesOutstanding": 27838189
}
}
},
"cashFlowStatement": {
"periods": {
"2025-08-31": {
"operatingActivities": {
"netLoss": 20476,
"itemsNotAffectingCash": {
"accretionOfDiscountOnConvertibleDebenture": 11572,
"gainOnModificationOfConvertibleDebenture": -45247
},
"changesInNonCashWorkingCapitalItems": {
"amountsReceivable": -660,
"prepaidExpensesAndDeposits": 2500,
"accountsPayableAndAccruedLiabilities": -6310
},
"netCashUsedInOperatingActivities": -17668
},
"changeInCash": -17668,
"cashBeginningOfYear": 178108,
"cashEndOfYear": 160440
},
"2024-08-31": {
"operatingActivities": {
"netLoss": 1158,
"itemsNotAffectingCash": {
"accretionOfDiscountOnConvertibleDebenture": 9370,
"gainOnModificationOfConvertibleDebenture": -43500
},
"changesInNonCashWorkingCapitalItems": {
"amountsReceivable": -1572,
"prepaidExpensesAndDeposits": 2500,
"accountsPayableAndAccruedLiabilities": 7157
},
"netCashUsedInOperatingActivities": -24887
},
"changeInCash": -24887,
"cashBeginningOfYear": 295233,
"cashEndOfYear": 270346
}
}
},
"investmentsAndOtherAssets": [
{
"type": "Intangible Assets",
"description": "Technology assets (Zoompages and Chatvertizer) with finite useful lives",
"ownershipPercentage": 100,
"value": 1,
"notes": "Recorded impairment loss of $446,599 during three months ended May 31, 2022. Carrying value is $1 as at August 31, 2025."
}
],
"shareStructure": {
"authorizedShares": "Unlimited",
"issuedShares": 27838189,
"classesOfShares": ["Common shares"],
"warrants": [],
"options": [
{
"number": 250000,
"exercisePrice": 0.11,
"expiryDate": null
}
],
"rightsConvertibleInstruments": "Convertible debenture - principal $500,000 convertible at $0.07 per share, maturing August 19, 2026"
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"2025": {
"consulting": 12100,
"professionalFees": -11229,
"total": 871
},
"2024": {
"consulting": 9400,
"professionalFees": 10951,
"total": 20351
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Chief Executive Officer",
"description": "Amount owed to CEO, unsecured, non-interest bearing, due on demand",
"amount": 7500,
"period": "2025"
}
]
},
"subsequentEvents": []
}
]