None
SEDAR Interim Financial Statements
XIGM · Price
[
{
"companyName": "Xigem Technologies Corporation",
"reportingPeriodEnd": "2025-09-30",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cash": 14536,
"accountsReceivable": 125255,
"indirectTaxesRecoverable": 32304,
"loanReceivable": 500000,
"totalCurrentAssets": 672094,
"propertyAndEquipment": 18647,
"intangibleAssets": 702490,
"totalNonCurrentAssets": 721137,
"totalAssets": 1393231,
"accountsPayableAndAccruedLiabilities": 325674,
"interestPayable": 1524,
"promissoryNotesPayable": 50000,
"loanPayable": 500000,
"totalCurrentLiabilities": 877198,
"shareCapital": 10842070,
"contributedSurplus": 4036985,
"optionsReserve": 103925,
"deficit": -14466946,
"totalEquity": 516034,
"cashPerShare": 0.0002,
"workingCapitalPerShare": -0.0033
},
"incomeStatement": {
"forThe3MonthsEnded30Sep25": {
"revenue": 921017,
"directCosts": 893387,
"grossMargin": 27631,
"managementAndConsulting": 57000,
"amortization": 59533,
"financingFee": 50000,
"publicFilingFees": 4873,
"professionalFees": 5000,
"investorRelations": 5000,
"advertisingAndPromotion": 3281,
"interestAndBankCharges": -9,
"insurance": null,
"duesAndSubscriptions": null,
"totalExpenses": 184678,
"lossBeforeIncomeTaxes": -157047,
"incomeTaxes": null,
"netLossAndComprehensiveLoss": -157047,
"lossPerShareBasic": -0.002,
"lossPerShareDiluted": null,
"weightedAverageSharesOutstanding": 78523500
},
"forThe9MonthsEnded30Sep25": {
"revenue": 2006812,
"directCosts": 1946607,
"grossMargin": 60206,
"managementAndConsulting": 157274,
"amortization": 106875,
"financingFee": 50000,
"publicFilingFees": 24688,
"professionalFees": 14051,
"investorRelations": 10297,
"advertisingAndPromotion": 6705,
"interestAndBankCharges": 782,
"insurance": null,
"duesAndSubscriptions": null,
"totalExpenses": 370672,
"lossBeforeIncomeTaxes": -310466,
"incomeTaxes": null,
"netLossAndComprehensiveLoss": -310466,
"lossPerShareBasic": -0.005,
"lossPerShareDiluted": null,
"weightedAverageSharesOutstanding": 62093200
},
"forThe3MonthsEnded30Sep24": {
"revenue": 167624,
"directCosts": 162596,
"grossMargin": 5028,
"managementAndConsulting": 57000,
"amortization": 25005,
"financingFee": null,
"publicFilingFees": 14075,
"professionalFees": 27000,
"investorRelations": 392,
"advertisingAndPromotion": 2103,
"interestAndBankCharges": 245,
"insurance": 4706,
"duesAndSubscriptions": null,
"totalExpenses": 130526,
"lossBeforeIncomeTaxes": -125498,
"incomeTaxes": null,
"netLossAndComprehensiveLoss": -125498,
"lossPerShareBasic": -0.002,
"lossPerShareDiluted": null,
"weightedAverageSharesOutstanding": 62749000
},
"forThe9MonthsEnded30Sep24": {
"revenue": 1581967,
"directCosts": 1534509,
"grossMargin": 47458,
"managementAndConsulting": 171000,
"amortization": 100222,
"financingFee": null,
"publicFilingFees": 38298,
"professionalFees": 127713,
"investorRelations": 4781,
"advertisingAndPromotion": 4491,
"interestAndBankCharges": 592,
"insurance": 13846,
"duesAndSubscriptions": 452,
"totalExpenses": 461395,
"lossBeforeIncomeTaxes": -413937,
"incomeTaxes": null,
"netLossAndComprehensiveLoss": -413937,
"lossPerShareBasic": -0.008,
"lossPerShareDiluted": null,
"weightedAverageSharesOutstanding": 51742125
}
},
"cashFlowStatement": {
"forThe3MonthsEnded30Sep25": {
"netLossAndComprehensiveLoss": -157047,
"amortizationAndImpairment": 59533,
"changesInAccountsReceivable": -27631,
"changesInIndirectTaxesRecoverable": 8473,
"changesInInterestPayable": 1250,
"changesInAccountsPayableAndAccruedLiabilities": 97277,
"changesInNonCashWorkingCapital": 79369,
"cashUsedInOperatingActivities": -18145,
"proceedsFromIssuanceOfPromissoryNotes": null,
"proceedsFromIssuanceOfShares": null,
"cashFromFinancingActivities": null,
"changeInCash": -18145,
"cashBeginningOfPeriod": 32681,
"cashEndOfPeriod": 14536
},
"forThe9MonthsEnded30Sep25": {
"netLossAndComprehensiveLoss": -310466,
"amortizationAndImpairment": 106875,
"changesInAccountsReceivable": -60206,
"changesInIndirectTaxesRecoverable": 12534,
"changesInInterestPayable": 1524,
"changesInAccountsPayableAndAccruedLiabilities": 179829,
"changesInNonCashWorkingCapital": 133681,
"cashUsedInOperatingActivities": -69910,
"proceedsFromIssuanceOfPromissoryNotes": 50000,
"proceedsFromIssuanceOfShares": null,
"cashFromFinancingActivities": 50000,
"changeInCash": -19910,
"cashBeginningOfPeriod": 34446,
"cashEndOfPeriod": 14536
},
"forThe3MonthsEnded30Sep24": {
"netLossAndComprehensiveLoss": -125498,
"amortizationAndImpairment": 25005,
"changesInAccountsReceivable": -5028,
"changesInIndirectTaxesRecoverable": 7876,
"changesInInterestPayable": null,
"changesInAccountsPayableAndAccruedLiabilities": 33409,
"changesInNonCashWorkingCapital": 36257,
"cashUsedInOperatingActivities": -64236,
"proceedsFromIssuanceOfPromissoryNotes": null,
"proceedsFromIssuanceOfShares": null,
"cashFromFinancingActivities": null,
"changeInCash": -64236,
"cashBeginningOfPeriod": 105750,
"cashEndOfPeriod": 41514
},
"forThe9MonthsEnded30Sep24": {
"netLossAndComprehensiveLoss": -413937,
"amortizationAndImpairment": 100222,
"changesInAccountsReceivable": -47458,
"changesInIndirectTaxesRecoverable": 50879,
"changesInInterestPayable": null,
"changesInAccountsPayableAndAccruedLiabilities": 242917,
"changesInNonCashWorkingCapital": 246338,
"cashUsedInOperatingActivities": -67377,
"proceedsFromIssuanceOfPromissoryNotes": null,
"proceedsFromIssuanceOfShares": 105000,
"cashFromFinancingActivities": 105000,
"changeInCash": 37623,
"cashBeginningOfPeriod": 3891,
"cashEndOfPeriod": 41514
}
},
"investmentsAndOtherAssets": [
{
"type": "Loan Receivable",
"description": "Loan receivable from Carnance Inc. under TLA Facility",
"ownershipPercentage": null,
"value": 500000,
"notes": "Unsecured, due within 12 months, related to TLA Facility to support EchoDigital business unit for purchasing vehicle inventory"
},
{
"type": "Software Platform",
"description": "EchoDigital SaaS-based AI-driven automobile shopping and delivery platform",
"ownershipPercentage": 100,
"value": null,
"notes": "Acquired from EAFdigital Inc. on February 24, 2023, for 8,924,495 common shares valued at $892,450"
},
{
"type": "Intangible Assets",
"description": "Licenses, trademarks, and software",
"ownershipPercentage": null,
"value": 702490,
"notes": "Amortized over 180 months on straight-line basis"
}
],
"shareStructure": {
"authorizedShares": "Unlimited common shares; Unlimited First Preference Shares (voting and non-voting)",
"issuedShares": 65075275,
"classesOfShares": ["Common Shares", "First Preference Shares (voting)", "First Preference Shares (non-voting)"],
"warrants": [
{
"number": 1000000,
"exercisePrice": 0.05,
"expiryDate": null
}
],
"options": [
{
"number": 1820000,
"exercisePrice": 0.09,
"expiryDate": "2028-01-05"
}
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"forThe3MonthsEnded30Sep25": {
"managementAndConsultingFees": 57000,
"publicFilingFeesAndProfessionalFees": 13281,
"total": 70281
},
"forThe9MonthsEnded30Sep25": {
"managementAndConsultingFees": 157274,
"publicFilingFeesAndProfessionalFees": 42147,
"total": 199421
},
"forThe3MonthsEnded30Sep24": {
"managementAndConsultingFees": 57000,
"publicFilingFeesAndProfessionalFees": 41075,
"total": 98075
},
"forThe9MonthsEnded30Sep24": {
"managementAndConsultingFees": 171000,
"publicFilingFeesAndProfessionalFees": 166011,
"total": 337011
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Carnance Inc.",
"description": "Royalty and management agreement for EchoDigital platform",
"amount": 893387,
"period": "forThe3MonthsEnded30Sep25"
},
{
"counterparty": "Director-controlled entity",
"description": "TLA Facility loan payable",
"amount": 500000,
"period": "asAtSeptember30-2025"
},
{
"counterparty": "Management (Creditors)",
"description": "Debt conversion of accounts payable to common shares",
"amount": 107350,
"period": "forThe9MonthsEnded30Sep24"
},
{
"counterparty": "Nexus Tradco International",
"description": "Monthly professional consulting services",
"amount": 10000,
"period": "monthly"
}
]
},
"subsequentEvents": []
}
]