SEDAR Interim Financial Statements

[ { "companyName": "Quizam Media Corporation", "reportingPeriodEnd": "2026-02-28", "reportStatus": "Unaudited", "auditorName": null, "auditorKeyMatters": [], "balanceSheet": { "cashAndCashEquivalents": 111524, "accountsReceivable": 17032, "dueFromRelatedParties": 613979, "salesTaxesRecoverable": 8734, "prepaidExpenses": 78067, "inventory": 228045, "totalCurrentAssets": 1057381, "securityDeposit": 35000, "investmentInSublease": 14470, "propertyAndEquipment": 680411, "totalAssets": 1787262, "accountsPayableAndAccruedLiabilities": 760223, "salesTaxesPayable": null, "deferredRevenue": 27796, "dueToRelatedParties": 1415024, "leaseLiabilitiesCurrent": 432909, "totalCurrentLiabilities": 2635952, "leaseLiabilitiesLongTerm": 358515, "totalLiabilities": 2994467, "shareCapital": 26801042, "reserves": 3420463, "deficit": -31428710, "totalDeficiency": -1207205, "totalLiabilitiesAndDeficiency": 1787262, "cashPerShare": 0.0017, "workingCapitalPerShare": -0.0247 }, "incomeStatement": { "revenues": { "retailSales": 4503598, "consultingFees": 215482, "trainingServicesAndSoftwareSales": 1267443, "totalRevenue": 5986523 }, "expenses": { "accountingAndLegal": 90128, "automobile": 21880, "bankChargesAndFinanceFees": 257003, "depreciation": 333021, "investorAndFinanceDevelopment": null, "managementFees": 222365, "officeAndMiscellaneous": 2044904, "onTrackTVDevelopmentCosts": 32490, "regulatoryFees": 15082, "researchAndDevelopment": 239452, "retailInventory": 3014552, "subcontractors": 225574, "telephoneAndInternet": 18420, "travelAndBusinessDevelopment": 556100, "wagesAndBenefits": 971175, "totalExpenses": 8042146 }, "lossBeforeOtherItems": -2055623, "otherItems": { "interestIncome": 2012, "otherIncome": 1517881, "totalOtherItems": 1519893 }, "netLossAndComprehensiveLoss": -535730, "lossPerShareBasicAndDiluted": -0.01, "weightedAverageSharesOutstanding": 63906845 }, "cashFlowStatement": { "operatingActivities": { "netLoss": -535730, "addBackNonCash": { "depreciation": 333023, "interestIncomeOnSublease": -2066, "leaseInterestExpense": 61639 }, "changesInNonCashWorkingCapital": { "accountsReceivable": 39635, "prepaidExpensesAndDeposits": -28606, "salesTaxesRecoverable": -43247, "inventory": -10491, "accountsPayableAndAccruedLiabilities": 266157, "dueToDueFromRelatedParties": 379757, "deferredRevenue": -2146 }, "cashProvidedByUsedInOperatingActivities": 457922 }, "financingActivities": { "loansPayableToRelatedParties": null, "leasePayments": -390468, "cashProvidedByUsedInFinancingActivities": -390468 }, "investingActivities": { "purchaseOfPropertyAndEquipment": -5986, "cashProvidedByUsedInInvestingActivities": -5986 }, "decreaseInCash": 61468, "cashBeginning": 50056, "cashEnding": 111524 }, "investmentsAndOtherAssets": [ { "type": "Sublease Investment", "description": "Net investment in sublease for store premise", "ownershipPercentage": null, "value": 14470, "notes": "Sublease agreement with third-party leasee, future lease payments estimated at $15,185 as of Feb 28, 2026" } ], "shareStructure": { "authorizedShares": "Unlimited common shares without par value", "issuedShares": 63906845, "classesOfShares": ["Common shares"], "warrants": [ { "number": 3000000, "exercisePrice": 0.15, "expiryDate": "2026-05-10" }, { "number": 2500000, "exercisePrice": 0.15, "expiryDate": "2027-05-15" } ], "options": [], "rightsConvertibleInstruments": null }, "managementCompensation": { "currency": "CAD", "periods": [ { "periodEnd": "2026-02-28", "components": { "salaries": null, "shareBased": null, "total": 132365 } }, { "periodEnd": "2025-02-28", "components": { "salaries": null, "shareBased": null, "total": 97931 } } ], "namedIndividuals": [], "otherRelatedPartyTransactions": [ { "counterparty": "Company controlled by close family member of president and CEO", "description": "Total income from related party for services (rent, fulfilment, training, management fees)", "amount": 2860774, "period": "Nine months ended February 28, 2026" }, { "counterparty": "Companies owned by president and CEO", "description": "Total expenses incurred with related party (accounting, management fees, lease, office, R&D, software, subcontractors, business development)", "amount": 987477, "period": "Nine months ended February 28, 2026" }, { "counterparty": "Director (loan)", "description": "Loan payable to director with 6% interest, principal and accrued interest", "amount": 136500, "period": "As at February 28, 2026" }, { "counterparty": "Close family member of significant shareholder (loan)", "description": "Loan from company owned by close family member, 10% interest", "amount": 25491, "period": "As at February 28, 2026" } ] }, "subsequentEvents": [] } ]