SEDAR Interim Financial Statements

[ { "companyName": "Standard Strategies Inc. (formerly Midori Carbon Inc.)", "reportingPeriodEnd": "2025-07-31", "reportStatus": "Unaudited", "auditorName": null, "auditorKeyMatters": [], "balanceSheet": { "asOfJuly312025": { "cash": 59116, "gstReceivable": 2786, "investments": 991093, "totalCurrentAssets": 1052995, "investmentInAssociate": 432079, "totalAssets": 1485074, "accountsPayableAndAccruedLiabilities": 69436, "demandLoans": 168611, "totalCurrentLiabilities": 238047, "commonShares": 11438201, "contributedSurplus": 345860, "deficit": -10537034, "totalEquity": 1247027, "totalLiabilitiesAndEquity": 1485074, "cashPerShare": 0.0010, "workingCapitalPerShare": 0.0134 }, "asOfJanuary312025": { "cash": 38749, "gstReceivable": 9136, "investments": 719360, "totalCurrentAssets": 767245, "investmentInAssociate": null, "totalAssets": 767245, "accountsPayableAndAccruedLiabilities": 36875, "demandLoans": 168611, "totalCurrentLiabilities": 205486, "commonShares": 10938201, "contributedSurplus": 303647, "deficit": -10680089, "totalEquity": 561759, "totalLiabilitiesAndEquity": 767245 } }, "incomeStatement": { "periods": [ { "period": "three months ended July 31, 2025", "filingListingTransferAgentFees": 5643, "generalAndAdministrative": 519, "managementDirectorsFees": 10800, "professionalFees": 22942, "promotionMarketing": 705, "shareBasedPayments": 15719, "softwareDevelopment": 0, "lossBeforeOtherItems": -56328, "equityLossOnInvestmentInAssociate": -17921, "fairValueChangesOnInvestments": 253933, "earningsLossAndComprehensiveEarningsLossForThePeriod": 179684, "incomeLossPerCommonShareBasic": 0.00, "incomeLossPerCommonShareDiluted": 0.00, "weightedAverageNumberOfCommonSharesOutstandingBasic": 65939611, "weightedAverageNumberOfCommonSharesOutstandingDiluted": 66243900 }, { "period": "three months ended July 31, 2024", "filingListingTransferAgentFees": 4291, "generalAndAdministrative": 179, "managementDirectorsFees": 36826, "professionalFees": 15607, "promotionMarketing": 0, "shareBasedPayments": 0, "softwareDevelopment": 675000, "lossBeforeOtherItems": -731903, "equityLossOnInvestmentInAssociate": 0, "fairValueChangesOnInvestments": 17312, "earningsLossAndComprehensiveEarningsLossForThePeriod": -714591, "incomeLossPerCommonShareBasic": -0.01, "incomeLossPerCommonShareDiluted": -0.01, "weightedAverageNumberOfCommonSharesOutstandingBasic": 53478313, "weightedAverageNumberOfCommonSharesOutstandingDiluted": 53478313 }, { "period": "six months ended July 31, 2025", "filingListingTransferAgentFees": 9766, "generalAndAdministrative": 653, "managementDirectorsFees": 20300, "professionalFees": 37120, "promotionMarketing": 705, "shareBasedPayments": 42213, "softwareDevelopment": 0, "lossBeforeOtherItems": -110757, "equityLossOnInvestmentInAssociate": -17921, "fairValueChangesOnInvestments": 271733, "earningsLossAndComprehensiveEarningsLossForThePeriod": 143055, "incomeLossPerCommonShareBasic": 0.00, "incomeLossPerCommonShareDiluted": 0.00, "weightedAverageNumberOfCommonSharesOutstandingBasic": 60641998, "weightedAverageNumberOfCommonSharesOutstandingDiluted": 60946286 }, { "period": "six months ended July 31, 2024", "filingListingTransferAgentFees": 10026, "generalAndAdministrative": 864, "managementDirectorsFees": 69638, "professionalFees": 34993, "promotionMarketing": 0, "shareBasedPayments": 0, "softwareDevelopment": 675000, "lossBeforeOtherItems": -790521, "equityLossOnInvestmentInAssociate": 0, "fairValueChangesOnInvestments": -12334, "earningsLossAndComprehensiveEarningsLossForThePeriod": -802855, "incomeLossPerCommonShareBasic": -0.02, "incomeLossPerCommonShareDiluted": -0.02, "weightedAverageNumberOfCommonSharesOutstandingBasic": 50974879, "weightedAverageNumberOfCommonSharesOutstandingDiluted": 50974879 } ] }, "cashFlowStatement": { "periods": [ { "period": "six months ended July 31, 2025", "earningsLossForThePeriod": 143055, "shareBasedPayments": 42213, "softwareDevelopment": 0, "equityLossOnInvestmentInAssociate": 17921, "fairValueChangesOnInvestments": -271733, "changesInGstReceivable": 6350, "changesInAccountsPayableAndAccruedLiabilities": 32561, "netCashUsedInOperatingActivities": -29633, "commonSharesIssuedForCashNetOfIssueCosts": 500000, "netCashProvidedByFinancingActivities": 500000, "purchaseOfInvestments": -450000, "netCashUsedInInvestingActivities": -450000, "changeInCashDuringThePeriod": 20367, "cashBeginningOfPeriod": 38749, "cashEndOfPeriod": 59116, "incomeTaxesPaid": 0, "interestPaidReceived": 0 }, { "period": "six months ended July 31, 2024", "earningsLossForThePeriod": -802855, "shareBasedPayments": 0, "softwareDevelopment": 675000, "equityLossOnInvestmentInAssociate": 0, "fairValueChangesOnInvestments": 12334, "changesInGstReceivable": 9371, "changesInAccountsPayableAndAccruedLiabilities": -7668, "netCashUsedInOperatingActivities": -113818, "commonSharesIssuedForCashNetOfIssueCosts": 0, "netCashProvidedByFinancingActivities": 0, "purchaseOfInvestments": 0, "netCashUsedInInvestingActivities": 0, "changeInCashDuringThePeriod": -113818, "cashBeginningOfPeriod": 250985, "cashEndOfPeriod": 137167, "incomeTaxesPaid": 0, "interestPaidReceived": 0 } ] }, "investmentsAndOtherAssets": [ { "type": "Equity Investment", "description": "CRBN is a UK based private company with a focus on developing a carbon credit trading platform.", "ownershipPercentage": 27, "value": null, "notes": "Accounted for as a financial asset – equity investment. Does not exert significant influence." }, { "type": "Equity Investment", "description": "IO+ was a Singapore based private company, now exchanged for shares in Flex Labs Inc., a UK based public company, but delisted.", "ownershipPercentage": null, "value": null, "notes": "Flex delisted and plans to list on Canadian exchange. Not currently trading." }, { "type": "Public Equity Investment", "description": "Sundae is a company creating a marketplace for AI agents, listed on AIM of London Stock Exchange.", "ownershipPercentage": null, "value": 991093, "notes": "Fair value change of $271,733 represents gain on mark-to-market." }, { "type": "Equity Investment", "description": "CRBN USA is a Delaware company developing carbon credit trading platform for USA market.", "ownershipPercentage": 23.5, "value": 4.30, "notes": "Fair value $Nil. Accounted for as financial asset – equity investment." }, { "type": "Investment in Associate", "description": "Singapore based private company developing AI powered software for Digital Asset Treasury strategies.", "ownershipPercentage": 40, "value": 432079, "notes": "Using equity method of accounting. Share of net loss $17,291 for period." } ], "shareStructure": { "authorizedShares": "unlimited", "issuedShares": 77192245, "classesOfShares": ["common shares"], "warrants": [], "options": [ { "number": 1050000, "exercisePrice": 0.09, "expiryDate": "2026-07-31" }, { "number": 500000, "exercisePrice": 0.10, "expiryDate": "2026-09-30" }, { "number": 3750000, "exercisePrice": 0.025, "expiryDate": "2030-02-02" } ], "rightsConvertibleInstruments": null }, "managementCompensation": { "currency": "CAD", "periods": [ { "period": "six months ended July 31, 2025", "managementFees": 16300, "directorsFees": 4000, "shareBasedPayments": 42213, "total": 62513 }, { "period": "six months ended July 31, 2024", "managementFees": 166650, "directorsFees": 79353, "shareBasedPayments": 0, "total": 246003 } ], "namedIndividuals": [], "otherRelatedPartyTransactions": [ { "counterparty": "Related Parties", "description": "Amounts owing to related parties included in accounts payable", "amount": 17115, "period": "six months ended July 31, 2025" } ] }, "subsequentEvents": [ { "eventDate": null, "description": "Cancelled 1,000,000 stock options with exercise price $0.025", "impactValue": null } ] } ]