SEDAR Interim Financial Statements

[
  {
    "companyName": "Gatekeeper Systems Inc.",
    "reportingPeriodEnd": "2026-02-28",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 13231198,
      "tradeAndOtherReceivables": 10271301,
      "inventories": 14633277,
      "prepaidExpensesAndOtherCurrentAssets": 1668355,
      "totalCurrentAssets": 39804131,
      "propertyPlantAndEquipment": 1380078,
      "intangibleAsset": 7759,
      "goodwill": 164918,
      "deferredTaxAsset": 1547000,
      "totalAssets": 42903886,
      "tradeAndOtherPayablesAndAccruedLiabilities": 3114282,
      "bonusPayable": 0,
      "leaseObligationsCurrent": 364492,
      "unearnedRevenue": 489600,
      "totalCurrentLiabilities": 3968374,
      "leaseObligationsLongTerm": 243025,
      "totalLiabilities": 4211399,
      "shareCapital": 41006358,
      "otherCapitalReserves": 2821984,
      "accumulatedOtherComprehensiveLoss": 1197888,
      "deficit": -6333743,
      "totalShareholdersEquity": 38692487,
      "cashPerShare": 0.1198,
      "workingCapitalPerShare": 0.3246
    },
    "incomeStatement": {
      "revenues": 16283711,
      "costOfSales": 9184033,
      "grossProfit": 7099678,
      "operatingExpenses": {
        "generalAndAdministrative": 3597841,
        "sellingAndMarketing": 2818082,
        "researchAndDevelopment": 2047032,
        "total": 8462955
      },
      "operatingProfitLoss": -1363277,
      "otherIncomeExpenses": {
        "interest": 61877,
        "foreignExchange": -143353,
        "financeCosts": 0,
        "writeDownOfInventory": -1,
        "total": -81477
      },
      "netIncomeBeforeTax": -1444754,
      "incomeTaxExpenseBenefit": -127389,
      "netIncomeLoss": -1317365,
      "totalComprehensiveIncome": 6365,
      "weightedAverageSharesOutstandingBasic": 110415121,
      "weightedAverageSharesOutstandingDiluted": 110415121
    },
    "cashFlowStatement": {
      "netCashProvidedByUsedInOperatingActivities": -13766859,
      "netCashProvidedByUsedInInvestingActivities": -112149,
      "netCashProvidedByUsedInFinancingActivities": 12385022,
      "foreignExchangeGainOnCash": -22283,
      "netIncreaseDecreaseInCash": -1493986,
      "cashBeginningOfPeriod": 14769751,
      "cashEndOfPeriod": 13231198
    },
    "investmentsAndOtherAssets": [],
    "shareStructure": {
      "authorizedShares": "unlimited common shares, unlimited Class A preferred, unlimited Class B preferred with par value $0.01, unlimited Class C preferred",
      "issuedShares": 110415121,
      "classesOfShares": [
        "Common shares",
        "Class A preferred",
        "Class B preferred",
        "Class C preferred"
      ],
      "warrants": [],
      "options": [
        { "number": 200000, "exercisePrice": 0.105, "expiryDate": "2028-11-14" },
        { "number": 950000, "exercisePrice": 0.12, "expiryDate": "2027-11-28" },
        { "number": 500000, "exercisePrice": 0.13, "expiryDate": "2026-05-03" },
        { "number": 451250, "exercisePrice": 0.195, "expiryDate": "2026-07-27" },
        { "number": 90000, "exercisePrice": 0.87, "expiryDate": "2026-04-12" },
        { "number": 500000, "exercisePrice": 0.385, "expiryDate": "2027-02-02" },
        { "number": 100000, "exercisePrice": 0.4, "expiryDate": "2027-06-01" },
        { "number": 1835000, "exercisePrice": 0.41, "expiryDate": "2028-05-08" },
        { "number": 100000, "exercisePrice": 2.53, "expiryDate": "2030-11-04" }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "sixMonthsEndedFebruary282026": {
          "salariesAndShortTermBenefits": 521602,
          "shareBasedPayments": 0,
          "total": 521602
        },
        "sixMonthsEndedFebruary282025": {
          "salariesAndShortTermBenefits": 672384,
          "shareBasedPayments": 0,
          "total": 672384
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Chief Executive Officer",
          "description": "Payment of discretionary bonus previously payable",
          "amount": 197906,
          "period": "sixMonthsEndedFebruary282026"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "Exercised 682,500 stock options with exercise prices between $0.13 and $0.87, generating gross proceeds of $136,875.",
        "impactValue": 136875
      }
    ]
  }
]