None
SEDAR Interim Financial Statements
WHIP · Price
[
{
"companyName": "Credissential Inc. (formerly Impact Analytics Inc.)",
"reportingPeriodEnd": "2025-09-30",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
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"gstReceivable": 131124,
"prepaidExpenses": 223167,
"assetHeldForSale": 1163240,
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"intangibleAsset": 1300000,
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"totalAssets": 2818974,
"accountsPayableAndAccruedLiabilities": 991652,
"accountsPayableToRelatedParties": 4390,
"promissoryNotesPayable": 234524,
"convertibleNotePayable": 274340,
"convertibleSubscriptions": 0,
"totalLiabilities": 1504906,
"shareCapital": 15728586,
"reserves": 2017974,
"deficit": -16432492,
"totalShareholdersEquity": 1314068,
"cashPerShare": 0.0000,
"workingCapitalPerShare": 0.0001
},
"incomeStatement": {
"bonusExpense": 0,
"consultingExpense": 3907,
"developmentExpenses": 0,
"directorFees": 0,
"financingFees": 5000,
"findersFees": 0,
"generalAndAdministrativeExpenses": 8428,
"interestAndBankCharges": 110,
"interestOnPromissoryNotes": 9063,
"investorRelationsExpense": 179475,
"professionalFees": 17874,
"shareBasedPayments": 334500,
"transactionFees": 0,
"travel": 0,
"operatingLoss": -558357,
"exchangeLoss": 4743,
"excessConsiderationOverNetAssets": 0,
"changeInFairValueOfConvertibleNote": 0,
"netLossAndComprehensiveLossForThePeriod": -563100,
"weightedAverageSharesOutstanding": 96770652,
"lossPerShare": -0.01
},
"cashFlowStatement": {
"lossForThePeriod": -563100,
"adjustmentsForNonCashItems": {
"transactionFees": 0,
"excessConsiderationOverNetAssetsAcquired": 0,
"changeInFairValueOfConvertibleNote": 0,
"shareBasedPayments": 334500,
"interestExpense": 9063
},
"netChangeInNonCashWorkingCapitalItems": {
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"accountsPayableAndAccruedLiabilities": -32150
},
"netCashFlowsFromOperations": -10053,
"cashPaymentOnAcquisitionOfAntennaTransferInc": 0,
"netCashFlowsFromInvesting": 0,
"proceedsFromConvertibleNote": 0,
"proceedsFromExerciseOfStockOptions": 0,
"proceedsFromPromissoryNotes": 10000,
"repaymentOfPromissoryNotesIncludingFacilitationFeesAndInterest": 0,
"netCashFlowsFromFinancing": 10000,
"changeInCashDuringThePeriod": -53,
"cashBeginningOfPeriod": 1315,
"cashEndOfPeriod": 1262
},
"investmentsAndOtherAssets": [
{
"type": "Investment in Private Company",
"description": "Investments in private companies",
"ownershipPercentage": null,
"value": 181,
"notes": "Small investment balance as per balance sheet."
}
],
"shareStructure": {
"authorizedShares": "Unlimited Class A voting common shares; Unlimited Class A, Class B, and Class C preferred shares",
"issuedShares": 125805369,
"classesOfShares": [
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"Class A preferred shares",
"Class B preferred shares",
"Class C preferred shares"
],
"warrants": [
{
"number": 696000,
"exercisePrice": 1.25,
"expiryDate": "2025-12-08"
},
{
"number": 433140,
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},
{
"number": 375000,
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"expiryDate": "2026-01-12"
},
{
"number": 3000000,
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"expiryDate": "2027-07-05"
},
{
"number": 1365672,
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},
{
"number": 675000,
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"expiryDate": "2029-08-01"
},
{
"number": 14996968,
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}
],
"options": [
{
"number": 10000,
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"expiryDate": "2026-08-26"
},
{
"number": 50000,
"exercisePrice": 0.61,
"expiryDate": "2026-09-03"
},
{
"number": 2000000,
"exercisePrice": 0.08,
"expiryDate": "2027-02-18"
},
{
"number": 500000,
"exercisePrice": 0.05,
"expiryDate": "2025-05-12"
}
],
"rightsConvertibleInstruments": "Convertible notes payable and convertible subscriptions (see note 8)."
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"2025-09-30": {
"salaries": 45000,
"shareBased": 57000,
"totalCashCompensation": 45000
},
"2024-09-30": {
"salaries": 121000,
"shareBased": 4431786,
"totalCashCompensation": 121000
}
},
"namedIndividuals": [
{
"name": "Colin Frost",
"title": "CEO and Director",
"period": "2025-09-30",
"components": {
"salary": null,
"bonus": null,
"total": 45000
}
},
{
"name": "Eric Entz",
"title": "Former CEO",
"period": "2024-09-30",
"components": {
"salary": null,
"bonus": null,
"total": 5000
}
},
{
"name": "Colin Frost",
"title": "CEO and Director",
"period": "2024-09-30",
"components": {
"salary": null,
"bonus": null,
"total": 37000
}
},
{
"name": "Joe Traversa",
"title": "Director",
"period": "2024-09-30",
"components": {
"salary": null,
"bonus": null,
"total": 1500
}
},
{
"name": "Sebastian Lowes",
"title": "Director",
"period": "2024-09-30",
"components": {
"salary": null,
"bonus": null,
"total": 55000
}
},
{
"name": "Robert Birmingham",
"title": "Former Director",
"period": "2024-09-30",
"components": {
"salary": null,
"bonus": null,
"total": 1500
}
},
{
"name": "Stephen Brohman",
"title": "Former CFO",
"period": "2024-09-30",
"components": {
"salary": null,
"bonus": null,
"total": 3500
}
},
{
"name": "Simon Tso",
"title": "Former CFO",
"period": "2024-09-30",
"components": {
"salary": null,
"bonus": null,
"total": 17500
}
}
],
"otherRelatedPartyTransactions": [
{
"counterparty": "Eric Entz",
"description": "Accounts payable to related party",
"amount": 4390,
"period": "2025-09-30"
},
{
"counterparty": "Related parties (unspecified)",
"description": "Promissory notes issued, with interest and facilitation fees",
"amount": 10000,
"period": "2025-09-30"
}
]
},
"subsequentEvents": [
{
"eventDate": "2025-10-15",
"description": "Granted 7,000,000 RSUs to certain consultants pursuant to the Omnibus Equity Incentive Plan.",
"impactValue": null
},
{
"eventDate": "2025-10-31",
"description": "Closed a non-brokered private placement of Convertible Notes for gross proceeds of $510,750.",
"impactValue": 510750
},
{
"eventDate": "2025-12-31",
"description": "1,129,140 share purchase warrants with an exercise price of $1.25 expired, unexercised.",
"impactValue": null
}
]
}
]
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