SEDAR Interim Financial Statements

[
  {
    "metadata": {
      "companyName": "THINKIFIC LABS INC.",
      "reportingPeriodEnd": "2025-09-30",
      "reportStatus": "Unaudited",
      "auditorName": null,
      "auditorKeyMatters": []
    },
    "balanceSheet": {
      "cashAndCashEquivalents": 51742,
      "tradeAndOtherReceivables": 3658,
      "prepaidExpensesAndOtherAssets": 3204,
      "contractAcquisitionAssetsCurrent": 685,
      "totalCurrentAssets": 59289,
      "propertyAndEquipment": 479,
      "leaseRightOfUseAssets": 1481,
      "contractAcquisitionAssetsNonCurrent": 1002,
      "intangibleAssets": 189,
      "totalAssets": 62440,
      "accountsPayableAndAccruedLiabilities": 6955,
      "leaseLiabilitiesCurrent": 328,
      "deferredRevenue": 11061,
      "derivativeLiability": 107,
      "totalCurrentLiabilities": 18451,
      "leaseLiabilitiesNonCurrent": 1210,
      "totalLiabilities": 19661,
      "shareCapital": 109352,
      "contributedSurplus": 7864,
      "accumulatedOtherComprehensiveLoss": -145,
      "accumulatedDeficit": -74292,
      "totalShareholdersEquity": 42779,
      "totalLiabilitiesAndShareholdersEquity": 62440,
      "cashPerShare": 0.7604,
      "workingCapitalPerShare": 0.6001
    },
    "incomeStatement": {
      "revenue": 18574,
      "costOfRevenue": 5027,
      "grossProfit": 13547,
      "salesAndMarketing": 5135,
      "researchAndDevelopment": 5542,
      "generalAndAdministrative": 3099,
      "totalOperatingExpenses": 13776,
      "operatingLoss": -229,
      "financeIncome": 541,
      "foreignExchangeLossGain": -142,
      "totalOtherIncome": 399,
      "netIncome": 170,
      "unrealizedLossGainOnDerivatives": -308,
      "totalComprehensiveLossIncome": -138,
      "weightedAverageSharesOutstandingBasic": 68048607,
      "earningsPerShareBasic": 0,
      "earningsPerShareDiluted": 0
    },
    "cashFlowStatement": {
      "netIncome": 943,
      "depreciationAndAmortization": 1010,
      "stockBasedCompensation": 2981,
      "unrealizedForeignExchangeGainLoss": -394,
      "financeIncome": -1854,
      "interestReceived": 2246,
      "changesInTradeAndOtherReceivables": 268,
      "changesInPrepaidExpensesAndOtherAssets": 83,
      "changesInContractAcquisitionAssets": -685,
      "changesInAccountsPayableAndAccruedLiabilities": 292,
      "changesInDeferredRevenue": 1192,
      "cashFromOperatingActivities": 6082,
      "proceedsOnDisposalOfPropertyAndEquipment": 0,
      "investmentInPropertyAndEquipmentAndIntangibleAssets": -159,
      "cashUsedInInvestingActivities": -159,
      "operatingLeasePayments": -325,
      "exerciseOfStockOptions": 46,
      "taxRemittancesOnStockBasedCompensation": -986,
      "sharesRepurchasedForCancellationAndOtherEquityRelatedCosts": -2609,
      "cashUsedInFinancingActivities": -3874,
      "effectOfExchangeRateFluctuationsOnCashAndCashEquivalents": 201,
      "increaseDecreaseInCashAndCashEquivalents": 2250,
      "cashAndCashEquivalentsBeginningOfPeriod": 49492,
      "cashAndCashEquivalentsEndOfPeriod": 51742
    },
    "investmentsAndOtherAssets": [],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 68119674,
      "classesOfShares": ["Common Shares"],
      "warrants": [],
      "options": [
        {
          "number": 276464,
          "exercisePrice": null,
          "expiryDate": null
        },
        {
          "number": 244836,
          "exercisePrice": null,
          "expiryDate": null
        },
        {
          "number": 148481,
          "exercisePrice": null,
          "expiryDate": null
        },
        {
          "number": 331880,
          "exercisePrice": null,
          "expiryDate": null
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "USD",
      "periods": {
        "threeMonthsEnded2025-09-30": {
          "salariesAndBenefits": 497,
          "stockBasedCompensation": 592,
          "total": 1089
        },
        "nineMonthsEnded2025-09-30": {
          "salariesAndBenefits": 1346,
          "stockBasedCompensation": 1593,
          "total": 2939
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Key management personnel and Board of Directors",
          "description": "Amounts due to related parties included in accounts payable and accrued liabilities, primarily related to cash-settled equity incentive arrangements for the Company's Board of Directors",
          "amount": 935000,
          "period": "2025-09-30"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-11-12",
        "description": "Renewal of Normal Course Issuer Bid (NCIB) to purchase for cancellation a maximum of 3,395,023 Common Shares, representing approximately 5% of the issued and outstanding Common Shares, over the 12-month period from November 19, 2025 to November 18, 2026",
        "impactValue": null
      }
    ]
  }
]