None
SEDAR Interim Financial Statements
ZONE · Price
[
{
"companyName": "Zonetail Inc.",
"reportingPeriodEnd": "2024-12-31",
"reportStatus": "Audited",
"auditorName": "MNP LLP",
"auditorKeyMatters": ["Going Concern"],
"balanceSheet": {
"cash": { "2024": 716, "2023": 3342 },
"tradeAndOtherReceivables": { "2024": 14834, "2023": 117057 },
"prepaidExpenses": { "2024": 8304, "2023": 36167 },
"totalAssets": { "2024": 23854, "2023": 156566 },
"tradeAndOtherPayables": { "2024": 736842, "2023": 612546 },
"convertibleDebentures": { "2024": 272559, "2023": 217994 },
"promissoryNotes": { "2024": 259603, "2023": 97865 },
"currentPortionOfBankLoan": { "2024": 7560, "2023": 0 },
"depositsAgainstSharesToBeIssuedInEquity": { "2024": 31000, "2023": 0 },
"governmentLoan": { "2024": 0, "2023": 60000 },
"dueToRelatedParties": { "2024": 112225, "2023": 74232 },
"totalCurrentLiabilities": { "2024": 1419789, "2023": 1062637 },
"longTermPortionOfBankLoan": { "2024": 26318, "2023": 0 },
"totalLiabilities": { "2024": 1446107, "2023": 1062637 },
"shareCapitalWarrantsEquityPortionOfConvertibleDebenturesShareBasedCompensation": { "2024": 13582317, "2023": 13242505 },
"deficit": { "2024": -15004570, "2023": -14148576 },
"shareholdersDeficiency": { "2024": -1422253, "2023": -906071 },
"totalLiabilitiesAndShareholdersDeficiency": { "2024": 23854, "2023": 156566 },
"derivedMetrics": {
"cashPerShare": 0.0000,
"workingCapitalPerShare": -0.0055
}
},
"incomeStatement": {
"revenue": { "2024": 36885, "2023": 39262 },
"salariesAndBenefits": { "2024": 570183, "2023": 801555 },
"interest": { "2024": 79195, "2023": 175423 },
"softwareDevelopmentAndMaintenance": { "2024": 0, "2023": 101355 },
"professionalFees": { "2024": 122311, "2023": 78764 },
"advertisingAndPromotion": { "2024": 0, "2023": 74000 },
"generalAndAdministrative": { "2024": 33224, "2023": 52784 },
"interestAccretion": { "2024": 26777, "2023": 23938 },
"publicCompanyCost": { "2024": 36990, "2023": 42300 },
"softwareHosting": { "2024": 43159, "2023": 30044 },
"shareBasedCompensation": { "2024": 522, "2023": 8272 },
"badDebts": { "2024": 1718, "2023": 0 },
"rent": { "2024": 8305, "2023": 7581 },
"investorRelations": { "2024": 26000, "2023": 20517 },
"operatingExpenses": { "2024": 948384, "2023": 1416533 },
"operatingLoss": { "2024": 911499, "2023": 1377271 },
"writeOffOfPromissoryNoteAndAccruedInterest": { "2024": 0, "2023": -571625 },
"forgivenessOfCEBALoan": { "2024": -20000, "2023": 0 },
"netLossAndComprehensiveLossForTheYear": { "2024": 891499, "2023": 805646 },
"lossPerShareBasicAndDiluted": { "2024": 0.00, "2023": 0.00 },
"weightedAverageNumberOfSharesOutstandingBasicAndDiluted": { "2024": 255341398, "2023": 220513118 }
},
"cashFlowStatement": {
"netLossAndComprehensiveLossForTheYear": { "2024": -891499, "2023": -805646 },
"shareBasedCompensation": { "2024": 522, "2023": 8272 },
"interestAccretion": { "2024": 26777, "2023": 23938 },
"interestExpense": { "2024": 45789, "2023": 82324 },
"writeOffOfNotesPayableAndAccruedInterest": { "2024": 0, "2023": -571625 },
"forgivenessOfCEBALoan": { "2024": -20000, "2023": 0 },
"tradeAndOtherReceivables": { "2024": 102223, "2023": -51943 },
"prepaidExpenses": { "2024": 27863, "2023": 18501 },
"tradeAndOtherPayables": { "2024": 124296, "2023": 235064 },
"dueToRelatedParties": { "2024": 37993, "2023": 49488 },
"netCashUsedInOperatingActivities": { "2024": -546036, "2023": -1011627 },
"proceedsFromPrivatePlacement": { "2024": 382868, "2023": 720257 },
"depositsAgainstSharesToBeIssuedInEquity": { "2024": 31000, "2023": 0 },
"proceedsFromPromissoryNotes": { "2024": 143737, "2023": 70000 },
"proceedsFromConvertibleDebentures": { "2024": 0, "2023": 203800 },
"proceedsFromBankLoan": { "2024": 40000, "2023": 0 },
"shareIssuanceCosts": { "2024": -8073, "2023": -10998 },
"repaymentOfGovernmentLoan": { "2024": -40000, "2023": 0 },
"repaymentOfConvertibleDebentures": { "2024": 0, "2023": -140000 },
"repaymentOfBankLoan": { "2024": -6122, "2023": 0 },
"convertibleDebentureIssuanceCosts": { "2024": 0, "2023": -4974 },
"netCashProvidedFromFinancingActivities": { "2024": 543410, "2023": 838085 },
"netDecreaseInCash": { "2024": -2626, "2023": -173542 },
"cashBeginningOfYear": { "2024": 3342, "2023": 176884 },
"cashEndOfYear": { "2024": 716, "2023": 3342 }
},
"investmentsAndOtherAssets": [],
"shareStructure": {
"authorizedShares": "unlimited",
"issuedShares": 265039147,
"classesOfShares": ["common shares"],
"warrants": [
{ "number": 6652375, "exercisePrice": 0.05, "expiryDate": "2025-10-04" },
{ "number": 3445000, "exercisePrice": 0.05, "expiryDate": "2025-12-21" },
{ "number": 3876000, "exercisePrice": 0.05, "expiryDate": "2026-04-04" },
{ "number": 200000, "exercisePrice": 0.05, "expiryDate": "2026-04-18" },
{ "number": 141000, "exercisePrice": 0.05, "expiryDate": "2026-05-30" },
{ "number": 150000, "exercisePrice": 0.05, "expiryDate": "2026-09-29" },
{ "number": 90000, "exercisePrice": 0.05, "expiryDate": "2026-10-13" },
{ "number": 42000, "exercisePrice": 0.05, "expiryDate": "2027-04-18" }
],
"options": [
{ "number": 7000000, "exercisePrice": 0.05, "expiryDate": "2026-06-16" },
{ "number": 500000, "exercisePrice": 0.065, "expiryDate": "2027-09-16" },
{ "number": 250000, "exercisePrice": 0.05, "expiryDate": "2028-06-09" }
],
"rightsConvertibleInstruments": "Convertible debentures convertible at $0.05 per share until April 25, 2025 (extended)."
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"2024": { "salariesAndBenefits": 317376, "shareBasedCompensation": 0 },
"2023": { "salariesAndBenefits": 357880, "shareBasedCompensation": 1006 }
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{ "counterparty": "directors", "description": "Subscription of convertible debentures", "amount": 115500, "period": "2023" },
{ "counterparty": "officer and director", "description": "Subscription of private placement shares", "amount": 40000, "period": "2023" }
]
},
"subsequentEvents": [
{ "eventDate": "2025-01-10", "description": "Private placement of shares", "impactValue": 46000 },
{ "eventDate": "2025-03-20", "description": "Private placement of shares", "impactValue": 88631 },
{ "eventDate": "2025-04-01", "description": "Issuance of promissory notes", "impactValue": 75000 }
]
}
]
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