SEDAR Interim Financial Statements

[
  {
    "companyName": "Seasif Exploration Inc.",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 4971,
      "prepaidExpenses": 0,
      "totalCurrentAssets": 4971,
      "explorationAndEvaluationAssets": 0,
      "totalAssets": 4971,
      "accountsPayableAndAccruedLiabilities": 157010,
      "accruedCompensation": 541563,
      "loanPayable": 127712,
      "totalCurrentLiabilities": 826285,
      "totalLiabilities": 826285,
      "shareCapital": 9860716,
      "equityReserves": 806041,
      "deficit": -11488071,
      "totalShareholdersEquity": -821314,
      "totalLiabilitiesAndShareholdersEquity": 4971,
      "cashPerShare": 0.00004038,
      "workingCapitalPerShare": -0.00666446
    },
    "incomeStatement": {
      "generalAndAdministrativeExpenses": 32494,
      "accruedSalariesAndAdvisoryServices": 0,
      "accountingAndAudit": 0,
      "employmentBenefits": 0,
      "geologicalConsultingFeesRecovered": 0,
      "legalFeesRecovered": -594,
      "propertyInvestigationCosts": 28801,
      "foreignExchangeGainLoss": 2,
      "lossAndComprehensiveLossForThePeriod": -86905,
      "weightedAverageCommonSharesOutstanding": 123153398,
      "lossPerCommonShareBasicAndDiluted": -0.0007
    },
    "cashFlowStatement": {
      "netLossForThePeriod": -86905,
      "interestOnLoanPayable": 2519,
      "changesInPrepaidExpenses": 11986,
      "changesInAccountsReceivable": 0,
      "changesInAccountsPayableAndAccruedLiabilities": 9996,
      "changesInAccruedCompensation": 0,
      "netCashUsedByOperatingActivities": -62404,
      "explorationAndEvaluationAssets": 0,
      "netCashUsedByInvestingActivities": 0,
      "sharesIssuedForDebt": 0,
      "loanPayable": 0,
      "netCashProvidedByFinancingActivities": 0,
      "netCashDecreaseForThePeriod": -62404,
      "cashAtBeginningOfPeriod": 67375,
      "cashAtEndOfPeriod": 4971
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral Property",
        "description": "Meadowbank Project (Nunavut, Canada) - fully impaired",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Impairment of $4,951,179 recognized in 2024. No exploration activity in current period."
      }
    ],
    "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": {
        "nineMonthsEndedSeptember302025": {
          "salariesAndFeesAccrued": 0,
          "shareBasedCompensation": 0
        },
        "nineMonthsEndedSeptember302024": {
          "salariesAndFeesAccrued": 210600,
          "shareBasedCompensation": 0
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Officer of the Company (CEO)",
          "description": "Deferred salaries and fees accrued",
          "amount": 488392,
          "period": "As at September 30, 2025"
        },
        {
          "counterparty": "Company controlled by an officer",
          "description": "Expenses due to related parties included in accounts payable",
          "amount": 42467,
          "period": "As at September 30, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-10-24",
        "description": "Private placement financing: $120,000 received from arm's-length investors for future issuance of 6,000,000 common shares",
        "impactValue": 120000
      }
    ]
  }
]