SEDAR Interim Financial Statements

[
  {
    "companyName": "TELESCOPE INNOVATIONS CORP.",
    "reportingPeriodEnd": "2026-02-28",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 2746118,
      "accountsReceivable": 435591,
      "contractAssetsAndGrantsRecoverable": 295317,
      "inventory": 358924,
      "salesTaxesRecoverable": 33311,
      "prepaidExpensesAndDeposits": 1145468,
      "totalCurrentAssets": 5014729,
      "equipment": 1351890,
      "rightOfUseAsset": 1981341,
      "totalAssets": 8347960,
      "accountsPayableAndAccruedLiabilities": 649007,
      "amountsDueToRelatedParties": 4645,
      "loanPayableToShareholders": 502666,
      "leaseLiabilitiesShortTerm": 173663,
      "deferredRevenue": 176904,
      "totalCurrentLiabilities": 1506885,
      "leaseLiabilitiesLongTerm": 2081689,
      "totalLiabilities": 3588574,
      "shareCapital": 17068598,
      "subscriptionsReceived": 0,
      "equityReserves": 4000717,
      "accumulatedDeficit": -16309929,
      "totalEquity": 4759386,
      "cashPerShare": 0.0340,
      "workingCapitalPerShare": 0.0434
    },
    "incomeStatement": {
      "salesOfProductsAndServices": 4201840,
      "grantIncome": 139631,
      "totalRevenues": 4341471,
      "advertisingAndPromotion": 479537,
      "amortization": 445586,
      "consulting": 817120,
      "foreignExchangeLossGain": 32782,
      "insurance": 26874,
      "interestOnRightOfUseAsset": 137821,
      "labOperationsAndSupplies": 520527,
      "managementFees": 386874,
      "officeAndMiscellaneous": 222645,
      "parts": 1257580,
      "professionalFees": 452757,
      "regulatoryAndTransferAgentFees": 25664,
      "rent": 17729,
      "salariesAndWages": 1366834,
      "shareBasedPayments": 527936,
      "travel": 303918,
      "totalExpenses": 7022184,
      "netLoss": -2680713,
      "basicAndDilutedLossPerShare": -0.03,
      "weightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted": 80805298
    },
    "cashFlowStatement": {
      "netLoss": -2680713,
      "shareBasedPayments": 530603,
      "amortization": 384720,
      "changeInSalesTaxesRecoverable": -324,
      "changeInAccountsReceivable": -238131,
      "changeInPrepaidExpenses": -1044809,
      "changeInContractAssetsAndGrantsRecoverable": -81817,
      "interestOnRightOfUseAsset": 137821,
      "changeInInventory": 238591,
      "changeInDueToRelatedParties": -525207,
      "changeInAccountsPayableAndAccruedLiabilities": -501727,
      "changeInDeferredRevenue": 45288,
      "cashUsedInOperatingActivities": -3735705,
      "purchasesOfEquipment": -283048,
      "cashUsedInInvestingActivities": -283048,
      "loanFromShareholders": -707845,
      "leasePayments": -133640,
      "subscriptionsReceived": -1822047,
      "sharesIssuedNetOfIssuanceCosts": 6727013,
      "cashProvidedByFinancingActivities": 4063481,
      "increaseInCashDuringThePeriod": 44728,
      "cashBeginning": 2701390,
      "cashEnding": 2746118
    },
    "investmentsAndOtherAssets": [],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 80805298,
      "classesOfShares": ["common shares"],
      "warrants": [],
      "options": [
        { "number": 1400000, "exercisePrice": 0.50, "expiryDate": "2026-10-28" },
        { "number": 575000, "exercisePrice": 0.90, "expiryDate": "2026-11-23" },
        { "number": 100000, "exercisePrice": 0.55, "expiryDate": "2027-03-14" },
        { "number": 500000, "exercisePrice": 0.35, "expiryDate": "2027-07-19" },
        { "number": 318500, "exercisePrice": 0.14, "expiryDate": "2028-05-05" },
        { "number": 800000, "exercisePrice": 0.27, "expiryDate": "2028-08-02" },
        { "number": 357550, "exercisePrice": 0.20, "expiryDate": "2028-11-01" },
        { "number": 400000, "exercisePrice": 0.36, "expiryDate": "2029-02-15" },
        { "number": 807000, "exercisePrice": 0.43, "expiryDate": "2029-10-24" },
        { "number": 85761, "exercisePrice": 0.36, "expiryDate": "2030-06-23" },
        { "number": 518140, "exercisePrice": 0.43, "expiryDate": "2030-09-02" },
        { "number": 1544000, "exercisePrice": 0.40, "expiryDate": "2030-10-15" },
        { "number": 250000, "exercisePrice": 0.33, "expiryDate": "2030-12-29" }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "sixMonthsEndedFebruary282026": {
          "consultingAndManagementFees": 925244,
          "shareBasedPayments": 527936,
          "total": 1453180
        },
        "sixMonthsEndedFebruary282025": {
          "consultingAndManagementFees": 409296,
          "shareBasedPayments": 65900,
          "total": 475196
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Standard Lithium Ltd.",
          "description": "Accounts receivable from related party",
          "amount": 1121,
          "period": "As at February 28, 2026"
        },
        {
          "counterparty": "Shareholders (directors and officers)",
          "description": "Loan payable to shareholders",
          "amount": 502666,
          "period": "As at February 28, 2026"
        }
      ]
    },
    "subsequentEvents": []
  }
]