SEDAR Interim Financial Statements

[
  {
    "companyName": "YANGAROO Inc.",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "assets": {
        "current": {
          "cash": 160165,
          "accountsReceivable": 1207140,
          "prepaidAndSundryAssets": 137379,
          "contractAssets": 51479,
          "otherReceivable": 4702,
          "totalCurrentAssets": 1560865
        },
        "nonCurrent": {
          "propertyAndEquipmentAndRightOfUseAssets": 328083,
          "intangibleAssets": 1873356,
          "goodwill": 359146,
          "governmentAssistanceReceivable": 429977,
          "totalNonCurrentAssets": 2990562
        },
        "totalAssets": 4551427
      },
      "liabilities": {
        "current": {
          "tradeAndOtherPayables": 914310,
          "contractLiabilities": 146086,
          "currentPortionOfLeaseObligations": 158732,
          "termLoanFacility": 955064,
          "revolvingCreditFacility": 772215,
          "convertibleDebenture": 571286,
          "contingentConsideration": 76354,
          "totalCurrentLiabilities": 3594047
        },
        "nonCurrent": {
          "leaseObligations": 196113,
          "totalNonCurrentLiabilities": 196113
        },
        "totalLiabilities": 3790160
      },
      "equity": {
        "shareCapital": 27864591,
        "shareBasedPaymentsReserve": 6003681,
        "foreignCurrencyTranslationReserve": 1157622,
        "deficit": -34264627,
        "totalEquity": 761267
      },
      "derivedMetrics": {
        "cashPerShare": 0.0026,
        "workingCapitalPerShare": -0.0324
      }
    },
    "incomeStatement": {
      "threeMonths2025": {
        "revenue": 1572017,
        "expenses": {
          "salariesAndConsulting": 1052559,
          "depreciationOfPropertyAndEquipmentRightOfUseAssetsAndIntangibleAssets": 237533,
          "generalAndAdministrative": 216893,
          "technologyAndProduction": 126642,
          "marketingAndPromotion": 33999,
          "restructuringExpense": 0,
          "acquisitionFees": 0,
          "totalExpenses": 1667626
        },
        "incomeLossFromOperations": -95609,
        "otherIncomeExpenses": {
          "acquisitionRelatedSettlementGain": 150000,
          "interestIncome": 0,
          "interestExpense": -53136,
          "foreignExchangeGainLoss": 121518,
          "remeasurementOfContingentConsideration": -20571,
          "revaluationOfForeignExchangeEmbeddedDerivatives": -31356,
          "totalOtherIncomeExpenses": 166455
        },
        "netIncomeLossBeforeIncomeTax": 70846,
        "incomeTaxExpense": 1407,
        "netIncomeLossAndComprehensiveIncomeLoss": 69439,
        "basicEarningsPerShare": 0.00,
        "dilutedEarningsPerShare": 0.00,
        "weightedAverageSharesOutstanding": 63173643
      },
      "threeMonths2024": {
        "revenue": 1942525,
        "expenses": {
          "salariesAndConsulting": 1112425,
          "depreciationOfPropertyAndEquipmentRightOfUseAssetsAndIntangibleAssets": 117475,
          "generalAndAdministrative": 192456,
          "technologyAndProduction": 142998,
          "marketingAndPromotion": 28188,
          "restructuringExpense": 0,
          "acquisitionFees": 0,
          "totalExpenses": 1593542
        },
        "incomeLossFromOperations": 348983,
        "otherIncomeExpenses": {
          "acquisitionRelatedSettlementGain": 0,
          "interestIncome": 0,
          "interestExpense": -87848,
          "foreignExchangeGainLoss": -58039,
          "remeasurementOfContingentConsideration": 0,
          "revaluationOfForeignExchangeEmbeddedDerivatives": -33519,
          "totalOtherIncomeExpenses": -179406
        },
        "netIncomeLossBeforeIncomeTax": 169577,
        "incomeTaxExpense": 0,
        "netIncomeLossAndComprehensiveIncomeLoss": 169577,
        "basicEarningsPerShare": 0.00,
        "dilutedEarningsPerShare": 0.00,
        "weightedAverageSharesOutstanding": 62437140
      },
      "nineMonths2025": {
        "revenue": 5005516,
        "expenses": {
          "salariesAndConsulting": 3224280,
          "depreciationOfPropertyAndEquipmentRightOfUseAssetsAndIntangibleAssets": 682251,
          "generalAndAdministrative": 643200,
          "technologyAndProduction": 407470,
          "marketingAndPromotion": 138175,
          "restructuringExpense": 0,
          "acquisitionFees": 0,
          "totalExpenses": 5095376
        },
        "incomeLossFromOperations": -89860,
        "otherIncomeExpenses": {
          "acquisitionRelatedSettlementGain": 210000,
          "interestIncome": 374,
          "interestExpense": -232834,
          "foreignExchangeGainLoss": -50904,
          "remeasurementOfContingentConsideration": -20571,
          "revaluationOfForeignExchangeEmbeddedDerivatives": -147754,
          "totalOtherIncomeExpenses": -241689
        },
        "netIncomeLossBeforeIncomeTax": -331549,
        "incomeTaxExpense": 8987,
        "netIncomeLossAndComprehensiveIncomeLoss": -340536,
        "basicEarningsPerShare": -0.01,
        "dilutedEarningsPerShare": -0.01,
        "weightedAverageSharesOutstanding": 62749474
      },
      "nineMonths2024": {
        "revenue": 5814845,
        "expenses": {
          "salariesAndConsulting": 3442297,
          "depreciationOfPropertyAndEquipmentRightOfUseAssetsAndIntangibleAssets": 551155,
          "generalAndAdministrative": 627940,
          "technologyAndProduction": 520690,
          "marketingAndPromotion": 182062,
          "restructuringExpense": 12182,
          "acquisitionFees": 1463,
          "totalExpenses": 5337789
        },
        "incomeLossFromOperations": 477056,
        "otherIncomeExpenses": {
          "acquisitionRelatedSettlementGain": 0,
          "interestIncome": 0,
          "interestExpense": -309246,
          "foreignExchangeGainLoss": 16386,
          "remeasurementOfContingentConsideration": 0,
          "revaluationOfForeignExchangeEmbeddedDerivatives": -5270,
          "totalOtherIncomeExpenses": -298130
        },
        "netIncomeLossBeforeIncomeTax": 178926,
        "incomeTaxExpense": 122822,
        "netIncomeLossAndComprehensiveIncomeLoss": 56104,
        "basicEarningsPerShare": 0.00,
        "dilutedEarningsPerShare": 0.00,
        "weightedAverageSharesOutstanding": 62437140
      }
    },
    "cashFlowStatement": {
      "nineMonths2025": {
        "operatingActivities": {
          "netIncomeLoss": -340536,
          "adjustmentsForNonCashItems": {
            "depreciationOfPropertyAndEquipmentRightOfUseAssetsAndIntangibleAssets": 682251,
            "shareBasedPayments": 45675,
            "lossAllowance": 15000,
            "accruedInterestAndAccretion": 104043,
            "remeasurementOfEmbeddedDerivativeLiability": 87901
          },
          "changesInNonCashOperatingWorkingCapital": {
            "accountsReceivable": 274335,
            "prepaidAndSundryAssets": -10784,
            "contractAssets": 7506,
            "otherReceivables": 5619,
            "tradeAndOtherPayables": -137113,
            "contractLiabilities": 58348,
            "contingentConsideration": 20570
          },
          "netCashFromOperatingActivities": 812815
        },
        "investingActivities": {
          "acquisitionOfPropertyAndEquipment": -6629,
          "expendituresOnSoftwareDevelopmentAssets": -482574,
          "netCashUsedInInvestingActivities": -489203
        },
        "financingActivities": {
          "paymentOfLeaseObligations": -100328,
          "principalRepaymentOfTermLoan": -242758,
          "proceedsOfRevolvingCreditFacility": 42465,
          "paymentOfContingentConsideration": -118958,
          "issuanceOfCommonShares": 11321,
          "exerciseOfStockOptions": 13728,
          "netCashUsedInFinancingActivities": -394530
        },
        "netDecreaseInCash": -70918,
        "cashBeginningOfPeriod": 231083,
        "cashEndOfPeriod": 160165
      },
      "nineMonths2024": {
        "operatingActivities": {
          "netIncomeLoss": 56104,
          "adjustmentsForNonCashItems": {
            "depreciationOfPropertyAndEquipmentRightOfUseAssetsAndIntangibleAssets": 551155,
            "shareBasedPayments": 0,
            "lossAllowance": 22913,
            "accruedInterestAndAccretion": 47934,
            "remeasurementOfEmbeddedDerivativeLiability": 5270
          },
          "changesInNonCashOperatingWorkingCapital": {
            "accountsReceivable": 241892,
            "prepaidAndSundryAssets": -10515,
            "contractAssets": 5957,
            "otherReceivables": 14662,
            "tradeAndOtherPayables": 36964,
            "contractLiabilities": 10502,
            "contingentConsideration": 0
          },
          "netCashFromOperatingActivities": 982838
        },
        "investingActivities": {
          "acquisitionOfPropertyAndEquipment": -1077,
          "expendituresOnSoftwareDevelopmentAssets": -496539,
          "netCashUsedInInvestingActivities": -497616
        },
        "financingActivities": {
          "paymentOfLeaseObligations": -103733,
          "principalRepaymentOfTermLoan": -363688,
          "proceedsOfRevolvingCreditFacility": 1323,
          "paymentOfContingentConsideration": -64146,
          "issuanceOfCommonShares": 0,
          "exerciseOfStockOptions": 0,
          "netCashUsedInFinancingActivities": -530244
        },
        "netDecreaseInCash": -45022,
        "cashBeginningOfPeriod": 150928,
        "cashEndOfPeriod": 105906
      }
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Government Assistance Receivable",
        "description": "Non-current receivable from government assistance programs",
        "ownershipPercentage": null,
        "value": 429977,
        "notes": "Carrying value as at September 30, 2025"
      },
      {
        "type": "Software Development Costs",
        "description": "Capitalized internally generated software development costs",
        "ownershipPercentage": null,
        "value": 1823883,
        "notes": "Part of intangible assets. Includes development for analytics dashboard, clearance platform, and awards platform"
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 63218613,
      "classesOfShares": ["common shares"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": "Convertible debentures convertible at CAD $0.10 per share until November 30, 2027"
    },
    "managementCompensation": {
      "currency": "USD",
      "periods": {
        "2025": {
          "salariesAndShortTermEmployeeBenefits": 451127,
          "shareBasedPayments": 45675
        },
        "2024": {
          "salariesAndShortTermEmployeeBenefits": 534736,
          "shareBasedPayments": 0
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Officers and Directors",
          "description": "Amounts owing included in trade and other payables",
          "amount": 42202,
          "period": "2025"
        },
        {
          "counterparty": "Certain directors",
          "description": "Participation in convertible debenture financing",
          "amount": null,
          "period": "2022"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "Entered into a settlement agreement for the anticipated receipt of $550,000. Following this settlement, the related legal proceedings have concluded.",
        "impactValue": 550000
      }
    ]
  }
]