SEDAR Interim Financial Statements

[
  {
    "metadata": {
      "companyName": "RIVALRY CORP. AND SUBSIDIARIES",
      "reportingPeriodEnd": "2025-09-30",
      "reportStatus": "Unaudited",
      "auditorName": null,
      "auditorKeyMatters": []
    },
    "balanceSheet": {
      "asOf": ["2025-09-30", "2024-12-31"],
      "cashAndCashEquivalents": [130658, 1574112],
      "restrictedCash": [1120218, 1095971],
      "accountsReceivable": [96422, 72358],
      "prepaidExpensesAndDeposits": [263458, 280258],
      "totalCurrentAssets": [1610756, 3022699],
      "propertyAndEquipmentNet": [183026, 248096],
      "intangibleAssets": [134663, 134663],
      "rightOfUseAssetsNet": [70742, 198078],
      "otherNonCurrentAssets": [0, 488490],
      "totalAssets": [1999188, 4092027],
      "accountsPayableAndAccruedLiabilities": [2891937, 3672252],
      "deferredRevenue": [4636808, 4990809],
      "promissoryNotePayable": [4415977, 0],
      "currentPortionOfLeaseLiabilities": [79970, 154454],
      "totalCurrentLiabilities": [12024692, 8817514],
      "nonCurrentPortionOfLeaseLiabilities": [0, 32251],
      "convertibleDebenture": [13595369, 12034575],
      "totalLiabilities": [25620061, 20884340],
      "subordinateVotingShares": [80733469, 80733469],
      "multipleVotingShares": [10000, 10000],
      "contributedSurplus": [16169407, 15864484],
      "equityComponentOfConvertibleDebenture": [3036677, 3036678],
      "accumulatedDeficit": [-123570428, -116436945],
      "totalShareholdersEquity": [-23620872, -16792312],
      "totalLiabilitiesAndShareholdersEquity": [1999188, 4092027],
      "cashPerShare": [0.0019, 0.0242],
      "workingCapitalPerShare": [-0.1553, -0.0890]
    },
    "incomeStatement": {
      "periods": ["Three Months Ended 2025-09-30", "Three Months Ended 2024-09-30", "Nine Months Ended 2025-09-30", "Nine Months Ended 2024-09-30"],
      "netRevenue": [1925562, 2952574, 4855738, 12111863],
      "generalAndAdministration": [2508628, 4237464, 7980227, 13301989],
      "marketingAdvertisingAndPromotion": [220458, 2114851, 723088, 8943045],
      "technologyAndContent": [725707, 1864861, 2174174, 4292335],
      "shareBasedCompensation": [10114, 168010, 72541, 749157],
      "depreciationAndAmortization": [60560, 86356, 181256, 253349],
      "totalOperatingExpenses": [3525467, 8471542, 11131286, 27539873],
      "lossFromOperations": [-1599905, -5518968, -6275548, -15428010],
      "foreignExchangeLossGain": [256551, 154328, 849891, 54190],
      "interestExpenseIncomeNet": [-1565, -4002, -6451, -13583],
      "interestExpenseOnPromissoryNotePayable": [-96347, 0, -140582, 0],
      "interestExpenseOnConvertibleDebenture": [-519135, -519865, -1560794, -1560478],
      "netLoss": [-1960401, -5888507, -7133483, -16460170],
      "foreignCurrencyTranslationLossGain": [-462279, -204689, 232382, -1123436],
      "totalComprehensiveLoss": [-2422680, -6093196, -6901101, -17583606],
      "netLossPerShareBasicAndDiluted": [-0.03, -0.09, -0.11, -0.25],
      "weightedAverageSharesOutstandingBasicAndDiluted": [67078946, 65124344, 67078946, 65124344]
    },
    "cashFlowStatement": {
      "periods": ["Nine Months Ended 2025-09-30", "Nine Months Ended 2024-09-30"],
      "netLoss": [-7133483, -16460170],
      "depreciationAndAmortizationExpense": [53919, 85869],
      "lossOnDisposalOfFixedAssets": [14725, 0],
      "depreciationRightOfUse": [127336, 127335],
      "financeCost": [6451, 13583],
      "financeCostOnDebenture": [1560794, 1560336],
      "restrictedCash": [-24247, 973901],
      "shareBasedCompensation": [72541, 749157],
      "changesInAccountsReceivable": [-24064, -2643],
      "changesInPrepaidExpensesAndDeposits": [16800, 74345],
      "changesInAccountsPayableAndAccruedLiabilities": [-780173, 918314],
      "changesInDeferredRevenue": [-354001, 3085671],
      "changesInPromissoryNote": [4415977, 0],
      "netCashUsedInOperatingActivities": [-2047424, -8874302],
      "longTermAssets": [488490, -12809],
      "interestIncome": [1374, 0],
      "purchasesOfPropertyAndEquipment": [-5090, -95750],
      "netCashUsedInInvestingActivities": [484774, -108559],
      "leasePayments": [-113186, -109454],
      "netCashProvidedByUsedInFinancingActivities": [-113186, -109454],
      "changeInCashAndCashEquivalents": [-1675836, -9092315],
      "impactOfForeignExchangeOnCash": [232382, -1309192],
      "cashAndCashEquivalentsBeginningOfPeriod": [1574112, 10540613],
      "cashAndCashEquivalentsEndOfPeriod": [130658, 139107]
    },
    "investmentsAndOtherAssets": [],
    "shareStructure": {
      "authorizedShares": null,
      "issuedShares": 89491167,
      "classesOfShares": ["Subordinate Voting Shares", "Multiple Voting Shares"],
      "warrants": [
        { "number": 6465350, "exercisePrice": 0.25, "expiryDate": "2025-11-26" },
        { "number": 3492444, "exercisePrice": 0.25, "expiryDate": "2025-11-29" },
        { "number": 1115626, "exercisePrice": 0.25, "expiryDate": "2025-12-06" }
      ],
      "options": [
        { "number": 128000, "exercisePrice": 0.81, "expiryDate": null },
        { "number": 51428, "exercisePrice": 0.81, "expiryDate": null },
        { "number": 335755, "exercisePrice": 0.81, "expiryDate": null },
        { "number": 177640, "exercisePrice": 0.81, "expiryDate": null },
        { "number": 251040, "exercisePrice": 0.81, "expiryDate": null },
        { "number": 45000, "exercisePrice": 0.81, "expiryDate": null },
        { "number": 16600, "exercisePrice": 0.81, "expiryDate": null },
        { "number": 633823, "exercisePrice": 0.81, "expiryDate": null },
        { "number": 164865, "exercisePrice": 0.81, "expiryDate": null },
        { "number": 5000, "exercisePrice": 0.81, "expiryDate": null }
      ],
      "rightsConvertibleInstruments": "Convertible Debenture: $14,000,000 principal, 10% interest, convertible at $1.40, maturing November 14, 2027. Promissory Note: $4,267,536 (including accrued interest), 10% interest, maturing September 30, 2025."
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-09-30 (three months)": { "total": 138417 },
        "2025-09-30 (nine months)": { "total": 394398 },
        "2024-09-30 (three months)": { "total": 253645 },
        "2024-09-30 (nine months)": { "total": 925056 }
      },
      "namedIndividuals": [
        {
          "name": "Kevin Wimer",
          "title": "Chief Operating Officer and Director",
          "period": "2025-09-30",
          "components": { "salary": null, "bonus": null, "total": null }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Kevin Wimer",
          "description": "Secured demand loan of $484,917 (USD $385,000), bearing interest at 3.2% per annum, settled in March 2025.",
          "amount": 0,
          "period": "2025-09-30"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-10-08",
        "description": "Private Placement: First tranche completed, issuing 27,600,000 units at $0.05 per unit. Each unit consists of one Subordinate Voting Share and one warrant exercisable at $0.10 until October 8, 2027.",
        "impactValue": 1380000
      },
      {
        "eventDate": "2025-10-24",
        "description": "Debt Restructuring: Settled $12,526,384.88 of indebtedness by issuing 250,527,697 units at $0.05 per unit. Each unit consists of one Subordinate Voting Share and one warrant exercisable at $0.10 until October 24, 2027.",
        "impactValue": 12526384.88
      }
    ]
  }
]