None
SEDAR Interim Financial Statements
GLAB · Price
[
{
"companyName": "Gemina Laboratories Ltd.",
"reportingPeriodEnd": "2026-01-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"asAt20260131": {
"cash": 480967,
"receivables": 45340,
"prepaidExpensesAndDeposits": 39943,
"totalCurrentAssets": 566250,
"deposits": 22487,
"rightOfUseAssets": 1128,
"propertyAndEquipmentNet": 35757,
"investmentInRAPIvD": 994423,
"totalAssets": 1620045,
"accountsPayableAndAccruedLiabilities": 6295689,
"shortTermLoan": 246295,
"currentPortionOfLeaseLiability": 0,
"convertibleNotes": 0,
"debentures": 1050555,
"totalCurrentLiabilities": 7592539,
"nonCurrentLeaseLiability": 0,
"totalLiabilities": 7592539,
"shareCapital": 12773946,
"reserves": 4430669,
"accumulatedDeficit": -23177109,
"totalShareholdersDeficiency": -5972494,
"totalLiabilitiesAndShareholdersDeficiency": 1620045,
"cashPerShare": 0.0063,
"workingCapitalPerShare": -0.0922
},
"asAt20250131": {
"cash": 703,
"receivables": 34708,
"prepaidExpensesAndDeposits": 71079,
"totalCurrentAssets": 106490,
"deposits": 22487,
"rightOfUseAssets": 270281,
"propertyAndEquipmentNet": 44548,
"investmentInRAPIvD": 994423,
"totalAssets": 1438229,
"accountsPayableAndAccruedLiabilities": 4599611,
"shortTermLoan": 217671,
"currentPortionOfLeaseLiability": 99579,
"convertibleNotes": 781237,
"debentures": 0,
"totalCurrentLiabilities": 5698098,
"nonCurrentLeaseLiability": 175210,
"totalLiabilities": 5873308,
"shareCapital": 11985549,
"reserves": 4417912,
"accumulatedDeficit": -20838540,
"totalShareholdersDeficiency": -4435079,
"totalLiabilitiesAndShareholdersDeficiency": 1438229,
"cashPerShare": 0.0000095,
"workingCapitalPerShare": -0.0755
}
},
"incomeStatement": {
"twelveMonthsEnded20260131": {
"revenueDevelopmentKits": 21469,
"researchAndDevelopment": -857054,
"generalAndAdministrative": -1398602,
"totalOperatingExpenses": -2255656,
"operatingLoss": -2234187,
"financeExpense": -69510,
"lossOnSaleOfAssets": 0,
"gainLossOnTerminationOfLease": -34872,
"totalOther": -104382,
"lossAndComprehensiveLoss": -2338569,
"basicAndDilutedLossPerShare": -0.03,
"weightedAverageSharesOutstandingBasic": 76181898
},
"twelveMonthsEnded20250131": {
"revenueDevelopmentKits": 0,
"researchAndDevelopment": -1276087,
"generalAndAdministrative": -2635864,
"totalOperatingExpenses": -3911951,
"operatingLoss": -3911951,
"financeExpense": -164073,
"lossOnSaleOfAssets": -20467,
"gainLossOnTerminationOfLease": 22833,
"totalOther": -161707,
"lossAndComprehensiveLoss": -4073658,
"basicAndDilutedLossPerShare": -0.06,
"weightedAverageSharesOutstandingBasic": 74060030
}
},
"cashFlowStatement": {
"twelveMonthsEnded20260131": {
"lossForPeriod": -2338569,
"depreciationOfRightOfUseAssetAndPropertyAndEquipment": 37448,
"shareBasedCompensation": 12757,
"interestOnShortTermLoan": 32076,
"accretionOnLeaseLiabilities": 7286,
"accretionOnConvertibleNotes": 7325,
"interestOnConvertibleNotes": 6373,
"interestOnDebentures": 14555,
"lossOnDisposalOfAssets": 0,
"lossGainOnTerminationOfSubLease": 34872,
"unrealizedForeignExchangeGain": -3452,
"operatingCashFlowBeforeChangesInNonCashWorkingCapital": -2189329,
"changesInNonCashWorkingCapital": {
"receivables": -10632,
"prepaidAndDeferredExpenses": 31136,
"accountsPayableAndAccruedLiabilities": 1650802
},
"netCashUsedInOperatingActivities": -518023,
"proceedsFromSaleOfEquipment": 0,
"netCashProvidedByInvestingActivities": 0,
"proceedsFromConvertibleNotes": 0,
"convertibleDebtTransactionCosts": 0,
"proceedsFromExerciseOfWarrants": 8000,
"shareIssuanceCosts": -14538,
"proceedsFromDebentures": 1036000,
"leasePayments": -31175,
"netCashProvidedByFinancingActivities": 998287,
"changeInCash": 480264,
"cashBeginning": 703,
"cashEnd": 480967,
"supplementalCashFlowInformation": {
"obligationToIssueShares": 0,
"conversionOfInterestAndPrincipalOnConvertibleDebtToCommonShares": 794935,
"modificationOfLease": 0,
"shareIssuanceCostsInAccountsPayable": 24921
}
},
"twelveMonthsEnded20250131": {
"lossForPeriod": -4073658,
"depreciationOfRightOfUseAssetAndPropertyAndEquipment": 113239,
"shareBasedCompensation": 518996,
"interestOnShortTermLoan": 17671,
"accretionOnLeaseLiabilities": 31889,
"accretionOnConvertibleNotes": 21661,
"interestOnConvertibleNotes": 75118,
"interestOnDebentures": 0,
"lossOnDisposalOfAssets": 20467,
"lossGainOnTerminationOfSubLease": -22833,
"unrealizedForeignExchangeGain": 0,
"operatingCashFlowBeforeChangesInNonCashWorkingCapital": -3297450,
"changesInNonCashWorkingCapital": {
"receivables": 3782,
"prepaidAndDeferredExpenses": -40379,
"accountsPayableAndAccruedLiabilities": 2033072
},
"netCashUsedInOperatingActivities": -1300975,
"proceedsFromSaleOfEquipment": 18418,
"netCashProvidedByInvestingActivities": 18418,
"proceedsFromConvertibleNotes": 910000,
"convertibleDebtTransactionCosts": -27159,
"proceedsFromExerciseOfWarrants": 516777,
"shareIssuanceCosts": 0,
"proceedsFromDebentures": 0,
"leasePayments": -117348,
"netCashProvidedByFinancingActivities": 1282270,
"changeInCash": -287,
"cashBeginning": 990,
"cashEnd": 703,
"supplementalCashFlowInformation": {
"obligationToIssueShares": -45000,
"conversionOfInterestAndPrincipalOnConvertibleDebtToCommonShares": 198383,
"modificationOfLease": 320662,
"shareIssuanceCostsInAccountsPayable": 10383
}
}
},
"investmentsAndOtherAssets": [
{
"type": "Investment in other entities",
"description": "RAPIvD",
"ownershipPercentage": 19,
"value": 994423,
"notes": "Fair value estimate"
}
],
"shareStructure": {
"authorizedShares": "Unlimited",
"issuedShares": 76570907,
"classesOfShares": ["Common Shares"],
"warrants": [
{
"number": 5616735,
"exercisePrice": 0.8,
"expiryDate": "2027-06-30"
},
{
"number": 393871,
"exercisePrice": 0.6,
"expiryDate": "2027-06-30"
},
{
"number": 1536200,
"exercisePrice": 0.8,
"expiryDate": "2027-07-11"
},
{
"number": 51356,
"exercisePrice": 0.6,
"expiryDate": "2027-07-11"
}
],
"options": [
{ "number": 440000, "exercisePrice": 0.45, "expiryDate": "2031-02-19" },
{ "number": 200000, "exercisePrice": 0.45, "expiryDate": "2026-09-10" },
{ "number": 200000, "exercisePrice": 0.45, "expiryDate": "2026-09-10" },
{ "number": 100000, "exercisePrice": 0.45, "expiryDate": "2026-09-14" },
{ "number": 250000, "exercisePrice": 0.45, "expiryDate": "2026-11-17" },
{ "number": 50000, "exercisePrice": 0.54, "expiryDate": "2027-03-09" },
{ "number": 285000, "exercisePrice": 0.6, "expiryDate": "2032-09-06" },
{ "number": 300000, "exercisePrice": 0.46, "expiryDate": "2028-01-25" },
{ "number": 1850000, "exercisePrice": 0.3, "expiryDate": "2028-07-04" },
{ "number": 250000, "exercisePrice": 0.45, "expiryDate": "2029-04-05" },
{ "number": 400000, "exercisePrice": 0.75, "expiryDate": "2031-06-01" },
{ "number": 115000, "exercisePrice": 0.8, "expiryDate": "2031-06-01" },
{ "number": 2000000, "exercisePrice": 0.6, "expiryDate": "2031-06-01" }
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"twelveMonthsEnded20260131": {
"professionalFees": 33527,
"contractorFees": 80375,
"salariesAndWages": 585088,
"shareBasedCompensation": 11561,
"total": 710551
},
"twelveMonthsEnded20250131": {
"professionalFees": 154048,
"contractorFees": 75000,
"salariesAndWages": 918124,
"shareBasedCompensation": 246375,
"total": 1393547
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Key management personnel and entities controlled by them",
"description": "Amounts due to related parties included in accounts payable",
"amount": 2242758,
"period": "2026-01-31"
},
{
"counterparty": "Key management personnel and entities controlled by them",
"description": "Amounts due to related parties included in accounts payable",
"amount": 1647372,
"period": "2025-01-31"
},
{
"counterparty": "Key management personnel and entities controlled by them",
"description": "Amounts due from related parties included in receivables",
"amount": 123,
"period": "2025-01-31"
}
]
},
"subsequentEvents": [
{
"eventDate": "2026-03-27",
"description": "Voluntary delisting of common shares from the Canadian Securities Exchange",
"impactValue": null
},
{
"eventDate": null,
"description": "Received additional $1,280,000 from secured non-convertible debentures private placement",
"impactValue": 1280000
},
{
"eventDate": null,
"description": "Fully repaid the short-term loan of US$150,000",
"impactValue": -246295
}
]
}
]