SEDAR Interim Financial Statements

[
  {
    "companyName": "Smooth Rock Ventures Corp.",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "asAt": ["2025-09-30", "2024-12-31"],
      "cash": [195065, 343185],
      "gstHstRecoverable": [3038, 839],
      "deposits": [14417, 14901],
      "prepaidExpense": [0, 719],
      "totalCurrentAssets": [212520, 359644],
      "explorationAndEvaluationAssets": [1077647, 1043653],
      "totalAssets": [1290167, 1403297],
      "accountsPayableAndAccruedLiabilities": [242402, 242634],
      "dueToRelatedParties": [712012, 726754],
      "totalCurrentLiabilities": [954414, 969388],
      "shareCapital": [22102042, 22102042],
      "reserve": [4937702, 4937702],
      "deficit": [-26703991, -26605835],
      "totalEquity": [335753, 433909],
      "totalLiabilitiesAndEquity": [1290167, 1403297],
      "cashPerShare": [0.0079, 0.0139],
      "workingCapitalPerShare": [-0.0301, -0.0247]
    },
    "incomeStatement": {
      "periods": ["threeMonths2025", "threeMonths2024", "nineMonths2025", "nineMonths2024"],
      "advertisingAndPromotion": [0, 0, 0, 2100],
      "auditAndAccounting": [0, 0, 9505, 4093],
      "explorationExpenses": [10898, 0, 38538, 0],
      "officeAndAdministration": [14566, 9864, 35712, 30488],
      "transferAgentAndFilingFees": [6589, 850, 17709, 12652],
      "travel": [1496, 279, 1496, 279],
      "lossBeforeOtherItems": [-33549, -10993, -102960, -49612],
      "foreignExchangeGainLoss": [-4218, 2185, 4804, -227],
      "netLossAndComprehensiveLoss": [-37767, -8808, -98156, -49839],
      "lossPerShareBasicAndDiluted": [0, 0, 0, 0],
      "weightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted": [24674794, 24674794, 24674794, 24674794]
    },
    "cashFlowStatement": {
      "periods": ["nineMonths2025", "nineMonths2024"],
      "netLossForThePeriod": [-98156, -49839],
      "nonCashItems": {
        "foreignExchangeAdjustments": [9557, -15744]
      },
      "changesInWorkingCapitalItems": {
        "gstHstRecoverable": [-2199, -11],
        "prepaidExpense": [719, 606],
        "deposits": [0, 17116],
        "accountsPayableAndAccruedLiabilities": [-232, -20088],
        "dueToRelatedParties": [354, 121]
      },
      "cashFlowsUsedInOperatingActivities": [-89957, -67839],
      "explorationAndEvaluationAssets": [-33994, -72159],
      "cashFlowsUsedInInvestingActivities": [-33994, -72159],
      "foreignExchangeImpactOnCash": [-24169, 23491],
      "changeInCash": [-148120, -116507],
      "cashBeginning": [343185, 458372],
      "cashEnding": [195065, 341865]
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral Property",
        "description": "Palmetto Property - 79 unpatented mining claims in Esmeralda County, Nevada",
        "ownershipPercentage": 100,
        "value": 1077647,
        "notes": "Held through subsidiary Smooth Rock Ventures LLC. Subject to a 2% NSR sold to Nevada Canyon. Bond posted with BLM for decommissioning."
      },
      {
        "type": "Mineral Property",
        "description": "Giroux Property - exploration lease with option to purchase in Mineral County, Nevada",
        "ownershipPercentage": 100,
        "value": 0,
        "notes": "Fully impaired as at December 31, 2024. Subject to 1.5% Gross Production Royalty. Lease payments made to related party MSM Resources, LLC."
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 24674794,
      "classesOfShares": ["common", "non-voting preferred"],
      "warrants": [],
      "options": [
        {
          "number": 1000000,
          "exercisePrice": 0.13,
          "expiryDate": "2027-04-04"
        },
        {
          "number": 1000000,
          "exercisePrice": 0.07,
          "expiryDate": "2028-02-06"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {},
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Companies controlled by a director and officer",
          "description": "Due to related parties",
          "amount": 438512,
          "period": "2025-09-30"
        },
        {
          "counterparty": "Company controlled by a director and officer",
          "description": "Due to related parties",
          "amount": 97500,
          "period": "2025-09-30"
        },
        {
          "counterparty": "Director and officer",
          "description": "Due to related parties",
          "amount": 176000,
          "period": "2025-09-30"
        },
        {
          "counterparty": "MSM Resources, LLC",
          "description": "Lease payment for Giroux Property",
          "amount": 27640,
          "period": "2025-09-30"
        },
        {
          "counterparty": "Nevada Canyon Gold Corp. (via subsidiary)",
          "description": "Sale of 2% NSR on Palmetto Project",
          "amount": 444080,
          "period": "2022-01-27"
        }
      ]
    },
    "subsequentEvents": []
  }
]