SEDAR Interim Financial Statements

[
  {
    "companyName": "LETHO RESOURCES CORP.",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 173,
      "receivables": 7877,
      "prepaidExpenses": 6705,
      "loansReceivable": 436078,
      "totalCurrentAssets": 450833,
      "accountsPayableAndAccruedLiabilities": 215229,
      "notePayable": 1937923,
      "totalCurrentLiabilities": 2153152,
      "shareCapital": 6754589,
      "deficit": -8456908,
      "totalShareholdersDeficiency": -1702319,
      "totalLiabilitiesAndShareholdersDeficiency": 450833,
      "cashPerShare": 0.0000,
      "workingCapitalPerShare": -65.8865
    },
    "incomeStatement": {
      "administrativeExpensesInsurance": 0,
      "interestExpense": 97178,
      "managementFees": 36000,
      "office": 907,
      "professionalFees": 12610,
      "transferAgentAndFilingFees": 9091,
      "travelAndRelated": 0,
      "lossBeforeOtherItem": -155786,
      "interestIncome": 655,
      "foreignExchangeGainLoss": 39186,
      "accretionExpenseRecovery": 57511,
      "writeOffOfAccountsPayable": 16207,
      "otherItemsTotal": 113559,
      "netAndComprehensiveLossForThePeriod": -42227,
      "basicAndDilutedLossPerCommonShare": 0.0000,
      "weightedAverageNumberOfCommonSharesOutstanding": 25843904
    },
    "cashFlowStatement": {
      "netIncomeLossForThePeriod": -42227,
      "gainOnSettlementOfDebt": 0,
      "accretionExpenseRecovery": -57511,
      "accruedInterestIncome": -655,
      "accruedInterestExpense": 97178,
      "foreignExchange": -39189,
      "changesInNonCashOperatingWorkingCapitalReceivable": -2423,
      "changesInNonCashOperatingWorkingCapitalPrepaidExpenses": -6450,
      "changesInNonCashOperatingWorkingCapitalAccountsPayableAndAccruedLiabilities": -14014,
      "cashFlowsUsedInOperatingActivities": -65291,
      "shareIssuanceForFinderFees": 0,
      "loansReceivable": 64300,
      "cashFlowsFromFinancingActivities": 64300,
      "changeInCash": -991,
      "cashBeginningOfPeriod": 1164,
      "cashEndOfPeriod": 173
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Loan Receivable",
        "description": "Loan to arm's length party for security deposit for Cakran-Mollaj oilfield license application. No interest, due Jan 30, 2023. Waived if license awarded.",
        "ownershipPercentage": null,
        "value": 266014,
        "notes": "Discounted loan receivable balance as at Sep 30, 2025. Originally $391,410, partially repaid."
      },
      {
        "type": "Loan Receivable",
        "description": "Loan to arm's length party for security deposit for Amonica oilfield license application. 0.5% interest, due Mar 30, 2023. Waived if license awarded.",
        "ownershipPercentage": null,
        "value": 170065,
        "notes": "Discounted loan receivable balance as at Sep 30, 2025. Includes accrued interest."
      },
      {
        "type": "Loan Receivable",
        "description": "Loan to Anio Oil & Gas Sh.a. related to abandoned business combination transaction. No interest, was secured by crude oil production.",
        "ownershipPercentage": null,
        "value": null,
        "notes": "Impaired as of Dec 31, 2022 ($89,243) due to uncertain collectability. Partially repaid in July 2022."
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 25843904,
      "classesOfShares": ["common shares without par value"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "nineMonthsEndedSep302025": {
          "managementFees": 36000
        },
        "nineMonthsEndedSep302024": {
          "managementFees": 36000
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "President and Chief Executive Officer",
          "description": "Unpaid management fees and reimbursement of expenses",
          "amount": 50207,
          "period": "As at Sep 30, 2025"
        },
        {
          "counterparty": "Director",
          "description": "Unpaid management fees and reimbursement of expenses",
          "amount": 16586,
          "period": "As at Sep 30, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-11-28",
        "description": "Financial statements approved and authorized by the Board of Directors.",
        "impactValue": null
      }
    ]
  }
]