None
SEDAR Interim Financial Statements
ZONE · Price
[
{
"companyName": "Zonetail Inc.",
"reportingPeriodEnd": "2025-09-30",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"asAt": ["2025-09-30", "2024-12-31"],
"lineItems": {
"cash": [4298, 716],
"tradeAndOtherReceivables": [23674, 14834],
"prepaidExpenses": [41836, 8304],
"totalCurrentAssets": [69808, 23854],
"tradeAndOtherPayables": [649855, 736842],
"convertibleDebentures": [310926, 272559],
"promissoryNotes": [316854, 259603],
"currentPortionOfBankLoan": [7901, 7560],
"depositsAgainstSharesToBeIssuedInEquity": [61500, 31000],
"dueToRelatedParties": [140719, 112225],
"totalCurrentLiabilities": [1487755, 1419789],
"longTermPortionOfBankLoan": [20118, 26318],
"totalLiabilities": [1507873, 1446107],
"shareCapitalWarrantsEquityPortionOfConvertibleDebenturesShareBasedCompensation": [13884524, 13582317],
"deficit": [-15322589, -15004570],
"totalShareholdersDeficiency": [-1438065, -1422253]
},
"derivedMetrics": {
"cashPerShare": 0.0000,
"workingCapitalPerShare": -0.0051
}
},
"incomeStatement": {
"periods": [
{
"period": "2025-09-30",
"duration": "9 months",
"revenue": 20834,
"operatingExpenses": {
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"interest": 44949,
"softwareDevelopmentAndMaintenance": 600,
"professionalFees": 45885,
"generalAndAdministrative": 10496,
"interestAccretion": 0,
"publicCompanyCost": 15001,
"softwareHosting": 30954,
"shareBasedCompensation": 0,
"rent": 5623,
"investorRelations": 0
},
"totalOperatingExpenses": 338854,
"operatingLoss": 318020,
"forgivenessOfCEBALoan": 0,
"netLoss": 318020,
"lossPerShare": 0.00,
"weightedAverageSharesOutstanding": 273577117
},
{
"period": "2024-09-30",
"duration": "9 months",
"revenue": 28479,
"operatingExpenses": {
"salariesAndBenefits": 421188,
"interest": 35093,
"softwareDevelopmentAndMaintenance": 0,
"professionalFees": 33188,
"generalAndAdministrative": 35104,
"interestAccretion": 20377,
"publicCompanyCost": 34627,
"softwareHosting": 30303,
"shareBasedCompensation": 522,
"rent": 6739,
"investorRelations": 26000
},
"totalOperatingExpenses": 644859,
"operatingLoss": 644859,
"forgivenessOfCEBALoan": -20000,
"netLoss": 596380,
"lossPerShare": 0.00,
"weightedAverageSharesOutstanding": 247217452
}
]
},
"cashFlowStatement": {
"periods": [
{
"period": "2025-09-30",
"duration": "9 months",
"operatingActivities": {
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"adjustmentsForNonCashItems": {
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"interestAccretion": 9765,
"interestExpense": 45853,
"forgivenessOfCEBALoan": 0
},
"changesInWorkingCapital": {
"tradeAndOtherReceivables": -8840,
"prepaidExpenses": -33532,
"tradeAndOtherPayables": -86987,
"dueToRelatedParties": 28494
},
"netCashUsedInOperatingActivities": -363267
},
"financingActivities": {
"proceedsFromPrivatePlacement": 309631,
"depositsAgainstSharesToBeIssuedInEquity": -30500,
"proceedsFromPromissoryNotes": 117500,
"repaymentOfPromissoryNotes": -77500,
"shareIssuanceCosts": -7423,
"repaymentOfBankLoan": -5859,
"convertibleDebentureIssuanceCosts": 0,
"netCashProvidedByFinancingActivities": 366849
},
"netDecreaseInCash": 3582,
"cashBeginningOfPeriod": 716,
"cashEndOfPeriod": 4298
},
{
"period": "2024-09-30",
"duration": "9 months",
"operatingActivities": {
"netLoss": -596380,
"adjustmentsForNonCashItems": {
"shareBasedCompensation": 522,
"interestAccretion": 20377,
"interestExpense": 33579,
"forgivenessOfCEBALoan": -20000
},
"changesInWorkingCapital": {
"tradeAndOtherReceivables": 102266,
"prepaidExpenses": 28863,
"tradeAndOtherPayables": -41046,
"dueToRelatedParties": 28495
},
"netCashUsedInOperatingActivities": -434324
},
"financingActivities": {
"proceedsFromPrivatePlacement": 372324,
"depositsAgainstSharesToBeIssuedInEquity": 0,
"proceedsFromPromissoryNotes": 130000,
"repaymentOfPromissoryNotes": 0,
"shareIssuanceCosts": -6233,
"repaymentOfBankLoan": -4339,
"convertibleDebentureIssuanceCosts": 0,
"netCashProvidedByFinancingActivities": 491752
},
"netDecreaseInCash": 48428,
"cashBeginningOfPeriod": 3342,
"cashEndOfPeriod": 51770
}
]
},
"investmentsAndOtherAssets": [],
"shareStructure": {
"authorizedShares": "unlimited",
"issuedShares": 280520672,
"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": 500000,
"exercisePrice": 0.065,
"expiryDate": "2026-09-16"
},
{
"number": 250000,
"exercisePrice": 0.05,
"expiryDate": "2026-06-09"
}
],
"rightsConvertibleInstruments": "Convertible debentures (Note 7) and promissory notes (Note 8) with conversion features."
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"2025-09-30 (3 months)": {
"salariesAndBenefits": 46216
},
"2024-09-30 (3 months)": {
"salariesAndBenefits": 85970
},
"2025-09-30 (9 months)": {
"salariesAndBenefits": 138658
},
"2024-09-30 (9 months)": {
"salariesAndBenefits": 261410
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Directors",
"description": "Director fees accrued, no repayment terms, unsecured",
"amount": 140719,
"period": "2025-09-30"
}
]
},
"subsequentEvents": [
{
"eventDate": "2025-10-23",
"description": "Completed first tranche of private placement, issuing 11,825,000 common shares at $0.02 per share.",
"impactValue": 236500
},
{
"eventDate": "2025-11-24",
"description": "Completed second tranche of private placement, issuing 8,050,000 common shares at $0.02 per share.",
"impactValue": 161000
},
{
"eventDate": "2025-10-04",
"description": "6,552,375 warrants expired unexercised.",
"impactValue": null
},
{
"eventDate": "2025-10-03",
"description": "6,397,375 warrants and 255,000 broker warrants expired unexercised.",
"impactValue": null
}
]
}
]
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