SEDAR Interim Financial Statements

[
  {
    "companyName": "Vitality Products Inc.",
    "reportingPeriodEnd": "2025-10-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 144175,
      "shortTermInvestment": 0,
      "accountsAndOtherReceivables": 153431,
      "inventories": 88894,
      "prepaidExpenses": 24082,
      "totalCurrentAssets": 410582,
      "propertyAndEquipment": 6482,
      "investmentProperty": 238619,
      "totalAssets": 655683,
      "accountsPayableAndAccruedLiabilities": 152083,
      "amountsOwingToRelatedParties": 1284863,
      "redeemablePreferenceShares": 727404,
      "totalCurrentLiabilities": 2164350,
      "commonSharesNetOfShareIssuanceCost": 12505409,
      "reservesWarrants": 881931,
      "reservesEquitySettledEmployeeBenefits": 834974,
      "deficit": -15730981,
      "totalShareholdersDeficiency": -1508667,
      "totalLiabilitiesAndShareholdersDeficiency": 655683,
      "cashPerShare": 0.0035,
      "workingCapitalPerShare": -0.0424
    },
    "incomeStatement": {
      "sales": 635087,
      "costOfSales": 178017,
      "grossMargin": 457070,
      "generalSellingExpenses": {
        "promotion": 55801,
        "sellingFees": 20332,
        "totalGeneralSellingExpenses": 76133
      },
      "generalAndAdministrativeExpenses": {
        "consultingFees": 33884,
        "depreciation": 1355,
        "directorsFees": 1050,
        "filingAndTransferAgentFees": 18795,
        "foreignExchangeGainLoss": -101,
        "office": 17187,
        "professionalFees": 25290,
        "rentAndAdministration": 27945,
        "shareBasedCompensation": 0,
        "telephone": 1800,
        "travel": 8347,
        "wagesAndSalary": 270183,
        "totalGeneralAndAdministrativeExpenses": 405735
      },
      "totalExpenses": 481868,
      "otherRevenuesAndExpenses": {
        "interestIncome": -489,
        "interestExpense": 31,
        "accruedDividendsOnRedeemablePreferenceShares": 13203,
        "totalOtherRevenuesAndExpenses": 12745
      },
      "netLossAndComprehensiveLoss": -37543,
      "lossPerShareBasicAndDiluted": 0.00,
      "weightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted": 41411285
    },
    "cashFlowStatement": {
      "operatingActivities": {
        "netLoss": -37543,
        "adjustmentsForNonCashItems": {
          "depreciationOfPropertyAndEquipment": 1285,
          "depreciationOfImprovementOnInvestmentProperty": 70,
          "shareBasedCompensation": 0,
          "accrualOfDividendsOnRedeemablePreferenceShares": 13203,
          "accrualOfInterestOnShortTermInvestment": 1676
        },
        "changesInNonCashReceivablesPayablesAndInventories": {
          "increaseDecreaseInAccountsReceivable": 29533,
          "increaseDecreaseInInventories": -6566,
          "increaseDecreaseInPrepaidExpensesAndSecurityDeposit": -11770,
          "increaseDecreaseInAccountsPayableAndAccruedLiabilities": -1105,
          "increaseDecreaseInAmountsOwingToRelatedParties": -5455
        },
        "cashUsedProvidedByOperatingActivities": -16672
      },
      "investingActivities": {
        "purchaseOfShortTermInvestment": 0,
        "redemptionOfShortTermInvestment": 50000,
        "cashProvidedByInvestingActivities": 50000
      },
      "financingActivities": {
        "repaymentOfPrincipalPortionOfLeaseLiabilities": 0,
        "cashUsedByFinancingActivities": 0
      },
      "netIncreaseInCash": 33328,
      "cashBeginning": 110847,
      "cashEnding": 144175
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Investment Property",
        "description": "Raw land located in Whatcom County, Washington State",
        "ownershipPercentage": null,
        "value": 238619,
        "notes": "Fair value estimated to be in the range of $1,076,936 to $1,191,255"
      },
      {
        "type": "Short-term Investment",
        "description": "Guaranteed investment certificate (GIC) with annual interest rate of 4.35%, matured on April 23, 2025",
        "ownershipPercentage": null,
        "value": 0,
        "notes": "Measured at amortized cost"
      }
    ],
    "shareStructure": {
      "authorizedShares": "No maximum number of voting Common shares without par value and no maximum number of Class 'B' Preference shares with a par value of $50 each",
      "issuedShares": 41411285,
      "classesOfShares": [
        "Common shares",
        "Class A Preference shares",
        "Class B Preference shares"
      ],
      "warrants": [],
      "options": [
        {
          "number": 375000,
          "exercisePrice": 0.19,
          "expiryDate": "2026-07-20"
        },
        {
          "number": 570000,
          "exercisePrice": 0.10,
          "expiryDate": "2027-07-19"
        },
        {
          "number": 500000,
          "exercisePrice": 0.05,
          "expiryDate": "2029-07-23"
        }
      ],
      "rightsConvertibleInstruments": "Redeemable preference shares Series 3 are convertible into common shares at the option of the Company (forced conversion) at a conversion price determined by the lesser of the then-current market price of the common shares and $0.25 per preference share plus unpaid dividends."
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-10-31": {
          "directorsFees": 1050,
          "shareBasedCompensation": 0,
          "wagesAndSalary": 112500,
          "total": 113550
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Consolidated Firstfund Capital Corp.",
          "description": "Reimbursement for general and administrative expenses paid on behalf of the Company",
          "amount": 18796,
          "period": "2025-10-31"
        },
        {
          "counterparty": "Consolidated Firstfund Capital Corp.",
          "description": "Rent expense for office space",
          "amount": 13500,
          "period": "2025-10-31"
        },
        {
          "counterparty": "Consolidated Firstfund Capital Corp.",
          "description": "General and administrative expenses paid on behalf of the Company",
          "amount": 19340,
          "period": "2025-10-31"
        },
        {
          "counterparty": "Consolidated Firstfund Capital Corp.",
          "description": "Accrued dividends on redeemable preference shares Series 3",
          "amount": 12081,
          "period": "2025-10-31"
        },
        {
          "counterparty": "Company under control of the Estate of W.N. Grant",
          "description": "Property tax paid for investment property leased to related party",
          "amount": 2153,
          "period": "2025-10-31"
        }
      ]
    },
    "subsequentEvents": []
  }
]