SEDAR Interim Financial Statements

[
  {
    "companyName": "Steep Hill Inc.",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 181338,
      "termDeposits": 1850000,
      "prepaids": 19271,
      "accountsReceivableAndOther": 26334,
      "totalCurrentAssets": 2076943,
      "totalAssets": 2076943,
      "accountsPayableAndAccruedLiabilities": 162298,
      "incomeTaxPayable": 0,
      "totalCurrentLiabilities": 162298,
      "totalLiabilities": 162298,
      "shareCapital": 12012773,
      "reserves": 144553,
      "accumulatedOtherComprehensiveLoss": 0,
      "deficit": -10242681,
      "totalShareholdersEquity": 1914645,
      "totalLiabilitiesAndEquity": 2076943,
      "cashPerShare": 0.0112,
      "workingCapitalPerShare": 0.1183
    },
    "incomeStatement": {
      "amortizationOfPropertyPlantAndEquipment": 0,
      "consultingFees": 77285,
      "officeAndGeneralExpenses": 29751,
      "professionalFees": 55313,
      "regulatoryFilingAndListingFees": 22832,
      "salariesAndWages": 0,
      "shareBasedCompensation": 64610,
      "lossBeforeOtherExpensesIncome": -249791,
      "interestIncome": 30584,
      "foreignExchangeLossGain": -12496,
      "netLossFromContinuingOperations": -231703,
      "netIncomeFromDiscontinuedOperations": 40351,
      "netLossIncome": -191352,
      "foreignCurrencyTranslationAdjustmentFromDiscontinuedOperations": 14028,
      "weightedAverageSharesOutstanding": 16178653,
      "basicAndDilutedNetLossIncomePerShareContinuingOperations": -0.01,
      "basicAndDilutedNetLossIncomePerShareDiscontinuedOperations": 0.00,
      "basicAndDilutedNetLossIncomePerShare": -0.01
    },
    "cashFlowStatement": {
      "netLossForThePeriod": -191352,
      "netIncomeFromDiscontinuedOperations": 40351,
      "netLossFromContinuingOperations": -231703,
      "amortizationOfPropertyPlantAndEquipment": 0,
      "shareBasedCompensation": 64610,
      "foreignExchangeLoss": 12496,
      "changeInPrepaids": -593,
      "changeInAccountsReceivableAndOther": 17425,
      "changeInAccountsPayableAndAccruedLiabilities": 10823,
      "changeInIncomeTaxPayable": -3949,
      "cashUsedInOperatingActivitiesContinuing": -130891,
      "cashUsedInOperatingActivitiesDiscontinuing": -48522,
      "cashUsedInOperatingActivities": -179413,
      "redemptionOfTermDeposit": 150000,
      "cashGeneratedFromInvestingActivity": 150000,
      "paymentsOfLeaseLiability": 0,
      "cashUsedInFinancingActivity": 0,
      "decreaseInCashDuringThePeriod": -29413,
      "effectsOfExchangeRateChangesOnCashDiscontinuing": -3176,
      "cashBeginningOfThePeriod": 213927,
      "cashEndOfThePeriod": 181338
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Term Deposits",
        "description": "Term deposits held at a reputable banking institution, bearing interest ranging from 2.00 to 2.25% per annum, redeemable on demand.",
        "ownershipPercentage": null,
        "value": 1850000,
        "notes": "As at September 30, 2025"
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 16178653,
      "classesOfShares": ["common shares"],
      "warrants": [],
      "options": [
        {
          "number": 13333,
          "exercisePrice": 1.88,
          "expiryDate": null
        },
        {
          "number": 53667,
          "exercisePrice": 1.50,
          "expiryDate": null
        },
        {
          "number": 1300000,
          "exercisePrice": 0.065,
          "expiryDate": "2030-08-19"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-09-30": {
          "salariesBenefitsAndConsultingFees": 49450,
          "directorFees": 0
        },
        "2024-09-30": {
          "salariesBenefitsAndConsultingFees": 142855,
          "directorFees": -6000
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Summerhill Group Inc",
          "description": "Consulting fees",
          "amount": 10950,
          "period": "2025-09-30"
        },
        {
          "counterparty": "Summerhill Group Inc",
          "description": "Document storage fees and consulting fees",
          "amount": 46275,
          "period": "2024-09-30"
        },
        {
          "counterparty": "Key management personnel",
          "description": "Unpaid consulting fees",
          "amount": 24436,
          "period": "2025-09-30"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-11-13",
        "description": "Entered into an amalgamation agreement with Good Purpose Investments Inc. and a wholly owned subsidiary. The Transaction will constitute a reverse takeover and will result in change of name, share consolidation (1 for 3), and reconstitution of board and management. Good Purpose intends to undertake a private placement for $3,000,000 to $10,000,000.",
        "impactValue": null
      }
    ]
  }
]