SEDAR Interim Financial Statements

[
  {
    "companyName": "Seasif Exploration Inc.",
    "reportingPeriodEnd": "2025-06-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 15621,
      "prepaidExpenses": 4150,
      "accountsReceivable": null,
      "explorationAndEvaluationAssets": 0,
      "totalCurrentAssets": 19771,
      "totalAssets": 19771,
      "accountsPayableAndAccruedLiabilities": 154704,
      "accruedCompensation": 541563,
      "loanPayable": 126879,
      "totalCurrentLiabilities": 823146,
      "totalLiabilities": 823146,
      "shareCapital": 9860716,
      "equityReserves": 806041,
      "deficit": -11470132,
      "totalShareholdersEquity": -803375,
      "totalLiabilitiesAndShareholdersEquity": 19771,
      "cashPerShare": 0.0001,
      "workingCapitalPerShare": -0.0065
    },
    "incomeStatement": {
      "revenue": null,
      "generalAndAdministrativeExpenses": 23527,
      "accruedSalariesAndAdvisoryServices": 0,
      "geologicalConsultingFeesRecovered": 0,
      "otherExpense1": 7204,
      "otherExpense2": 10000,
      "legalFeesRecovery": -595,
      "propertyInvestigationCosts": 28801,
      "foreignExchangeLoss": 29,
      "operatingExpenses": 68966,
      "netLoss": -68966,
      "otherComprehensiveLoss": 0,
      "totalComprehensiveLoss": -68966,
      "weightedAverageSharesOutstanding": 123153398,
      "lossPerShareBasicAndDiluted": 0
    },
    "cashFlowStatement": {
      "netLoss": -68966,
      "adjustmentsForNonCashItems": {
        "interestOnLoanPayable": 1686,
        "total": 1686
      },
      "changesInNonCashWorkingCapital": {
        "prepaidExpenses": 7836,
        "accountsReceivable": null,
        "accountsPayableAndAccruedLiabilities": 7690,
        "accruedCompensation": null,
        "total": 15526
      },
      "netCashUsedByOperatingActivities": -51754,
      "explorationAndEvaluationAssets": null,
      "netCashUsedByInvestingActivities": null,
      "loanPayable": null,
      "sharesIssuedForDebt": null,
      "netCashProvidedByFinancingActivities": null,
      "netCashDecreaseForPeriod": -51754,
      "cashAtBeginningOfPeriod": 67375,
      "cashAtEndOfPeriod": 15621
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral/Resource Properties",
        "description": "Meadowbank Project in Nunavut, Canada",
        "ownershipPercentage": 100,
        "value": 0,
        "notes": "Impaired to $nil in 2024 due to inability to raise financing for exploration. Property is in good standing but no current exploration plans."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 123153398,
      "classesOfShares": [
        "Common Voting Shares"
      ],
      "warrants": [],
      "options": [
        {
          "number": 232500,
          "exercisePrice": 0.32,
          "expiryDate": "2026-09-01"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "sixMonthsEndedJune302025": {
          "salaries": 0,
          "shareBased": 0,
          "bonus": 0,
          "total": 0
        },
        "sixMonthsEndedJune302024": {
          "salaries": 140400,
          "shareBased": 0,
          "bonus": 0,
          "total": 140400
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Related Parties (Unspecified)",
          "description": "Deferred salaries and fees accrued",
          "amount": 488392,
          "period": "As of June 30, 2025"
        },
        {
          "counterparty": "Related Parties (Unspecified)",
          "description": "Accounts payable due to related parties",
          "amount": 42467,
          "period": "As of June 30, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-09-23",
        "description": "Shares transferred from TSX Venture Exchange to NEX board",
        "impactValue": null
      },
      {
        "eventDate": "2025-10-24",
        "description": "Received $120,000 from private investors for future issuance of 6,000,000 common shares",
        "impactValue": 120000
      }
    ]
  }
]