SEDAR Interim Financial Statements

[
  {
    "companyName": "Grafoid Inc.",
    "reportingPeriodEnd": "2022-12-31",
    "reportStatus": "Audited",
    "auditorName": "BDO Canada LLP",
    "auditorKeyMatters": [
      "Goodwill Impairment",
      "Asset Retirement Obligations"
    ],
    "balanceSheet": {
      "cash": 0,
      "accountsReceivable": 0,
      "prepaidExpenses": 10966,
      "deposits": 1037280,
      "totalCurrentAssets": 1048246,
      "investmentInAssociate": 0,
      "propertyPlantAndEquipment": 0,
      "totalAssets": 1048246,
      "accountsPayableAndAccruedLiabilities": 1037280,
      "deferredRevenue": 0,
      "totalCurrentLiabilities": 1037280,
      "shareCapital": 29730000,
      "contributedSurplus": 4250410,
      "deficit": -33969444,
      "totalShareholdersEquity": 10966,
      "totalLiabilitiesAndShareholdersEquity": 1048246,
      "cashPerShare": 0,
      "workingCapitalPerShare": 0.0001
    },
    "incomeStatement": {
      "revenue": 0,
      "generalAndAdministrativeExpenses": 2714,
      "foreignExchangeLoss": 0,
      "totalExpenses": 2714,
      "netLoss": -2714,
      "netLossPerShareBasicAndDiluted": 0,
      "weightedAverageSharesOutstandingBasic": 174881667
    },
    "cashFlowStatement": {
      "netCashUsedInOperatingActivities": -2714,
      "netCashUsedInInvestingActivities": 0,
      "netCashUsedInFinancingActivities": 0,
      "netChangeInCash": -2714,
      "cashBeginningOfYear": 2714,
      "cashEndOfYear": 0
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Investment in associate",
        "description": "Investment in Focus Graphite Inc.",
        "ownershipPercentage": null,
        "value": 0,
        "notes": ""
      },
      {
        "type": "Investment",
        "description": "Investment in Grafoid LLC",
        "ownershipPercentage": null,
        "value": 0,
        "notes": ""
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 174881667,
      "classesOfShares": ["common shares"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2022": {
          "managementFees": 0,
          "boardCompensation": 0
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Focus Graphite Inc.",
          "description": "Management fees",
          "amount": 0,
          "period": "2022"
        }
      ]
    },
    "subsequentEvents": []
  },
  {
    "companyName": "Focus Graphite Inc.",
    "reportingPeriodEnd": "2023-09-30",
    "reportStatus": "Audited",
    "auditorName": "BDO Canada LLP",
    "auditorKeyMatters": [
      "Exploration and Evaluation Assets",
      "Going Concern"
    ],
    "balanceSheet": {
      "cash": 1037280,
      "accountsReceivable": 0,
      "prepaidExpenses": 10966,
      "deposits": 0,
      "totalCurrentAssets": 1048246,
      "explorationAndEvaluationAssets": 29730000,
      "totalAssets": 30778246,
      "accountsPayableAndAccruedLiabilities": 1037280,
      "deferredRevenue": 0,
      "totalCurrentLiabilities": 1037280,
      "shareCapital": 33969444,
      "contributedSurplus": 4250410,
      "deficit": -8441892,
      "totalShareholdersEquity": 29740966,
      "totalLiabilitiesAndShareholdersEquity": 30778246,
      "cashPerShare": 0.0059,
      "workingCapitalPerShare": 0.0001
    },
    "incomeStatement": {
      "revenue": 0,
      "generalAndAdministrativeExpenses": 2714,
      "foreignExchangeLoss": 0,
      "totalExpenses": 2714,
      "netLoss": -2714,
      "netLossPerShareBasicAndDiluted": 0,
      "weightedAverageSharesOutstandingBasic": 174881667
    },
    "cashFlowStatement": {
      "netCashUsedInOperatingActivities": -2714,
      "netCashUsedInInvestingActivities": 0,
      "netCashUsedInFinancingActivities": 0,
      "netChangeInCash": -2714,
      "cashBeginningOfYear": 1039994,
      "cashEndOfYear": 1037280
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral Properties",
        "description": "Exploration and evaluation assets",
        "ownershipPercentage": null,
        "value": 29730000,
        "notes": ""
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 174881667,
      "classesOfShares": ["common shares"],
      "warrants": [
        {
          "number": 17488167,
          "exercisePrice": 0.17,
          "expiryDate": "2024-12-31"
        }
      ],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2023": {
          "managementFees": 0,
          "boardCompensation": 0
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Grafoid Inc.",
          "description": "Management fees",
          "amount": 0,
          "period": "2023"
        }
      ]
    },
    "subsequentEvents": []
  }
]