SEDAR Interim Financial Statements

[
  {
    "companyName": "Legend Power Systems Inc.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 46634,
      "tradeAndOtherReceivables": 35768,
      "dueFromCustomersOnContract": 10211,
      "prepaidExpensesAndDeposits": 145274,
      "inventory": 1263767,
      "totalCurrentAssets": 1501654,
      "propertyAndEquipment": 46288,
      "rightOfUseAssets": 208627,
      "intangibleAssets": 5812,
      "totalNonCurrentAssets": 260727,
      "totalAssets": 1762381,
      "accountPayable": 1121457,
      "accruedLiabilities": 649939,
      "deferredRevenue": 425810,
      "leaseLiabilityCurrent": 131514,
      "warrantyProvisionCurrent": 28768,
      "totalCurrentLiabilities": 2357488,
      "warrantyProvisionNonCurrent": 22572,
      "leaseLiabilityNonCurrent": 34830,
      "totalLiabilities": 2414890,
      "shareCapital": 63916933,
      "contributedSurplus": 12033091,
      "accumulatedOtherComprehensiveLoss": -20834,
      "deficit": -76581699,
      "totalShareholdersDeficit": -652509,
      "cashPerShare": 0.0003,
      "workingCapitalPerShare": -0.0060
    },
    "incomeStatement": {
      "revenue": 252870,
      "costOfSales": 141554,
      "grossMargin": 111316,
      "salariesAndConsulting": 360349,
      "generalAndAdministrative": 124671,
      "sellingCosts": 7652,
      "shareBasedCompensation": 28597,
      "professionalFees": 47820,
      "warrantyRecoveryExpense": 14953,
      "productDevelopment": 18468,
      "foreignExchangeGainLoss": -4784,
      "amortizationAndDepreciation": 33279,
      "badDebtRecovery": null,
      "totalExpenses": 631005,
      "operatingLoss": -519689,
      "interestExpenseOnLeases": -2505,
      "otherIncome": 170,
      "netLossForThePeriod": -522024,
      "exchangeDifferenceArisingOnTranslationOfForeignOperations": 3956,
      "comprehensiveLossForThePeriod": -518068,
      "basicAndDilutedLossPerShare": 0.00,
      "weightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted": 141911587
    },
    "cashFlowStatement": {
      "netLossForThePeriod": -522024,
      "amortizationAndDepreciation": 47047,
      "shareBasedPayment": 28597,
      "warrantyRecoveryExpense": 14953,
      "interestOnLeaseLiability": 3739,
      "provisionForSlowMovingInventory": 840,
      "badDebtRecovery": null,
      "changesInNonCashWorkingCapitalItemsReceivablesPrepaidsAndDeposits": 182840,
      "changesInNonCashWorkingCapitalItemsDueFromCustomersOnContract": 35558,
      "changesInNonCashWorkingCapitalItemsInventory": -25856,
      "changesInNonCashWorkingCapitalItemsAccountsPayableAndAccruedLiabilities": 384082,
      "changesInNonCashWorkingCapitalItemsDeferredRevenue": -106086,
      "cashFlowsProvidedByUsedInOperatingActivities": 43690,
      "purchaseOfPropertyAndEquipment": null,
      "cashFlowsUsedInInvestingActivities": null,
      "proceedsFromPrivatePlacementNet": null,
      "proceedsFromWarrantsExercised": null,
      "repaymentOfLeaseObligation": -49516,
      "cashFlowsProvidedByUsedInFinancingActivities": -49516,
      "effectsOfForeignExchangeTranslationInCash": -289,
      "netChangeInCashAndCashEquivalentsForThePeriod": -5826,
      "cashAndCashEquivalentsBeginningOfThePeriod": 52749,
      "cashAndCashEquivalentsEndOfThePeriod": 46634
    },
    "investmentsAndOtherAssets": [],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 141911587,
      "classesOfShares": ["common shares"],
      "warrants": [
        {
          "number": 8961610,
          "exercisePrice": 0.3,
          "expiryDate": null
        },
        {
          "number": 12861553,
          "exercisePrice": 0.25,
          "expiryDate": null
        }
      ],
      "options": [
        {
          "number": 520000,
          "exercisePrice": 0.39,
          "expiryDate": "2026-12-31"
        },
        {
          "number": 2330834,
          "exercisePrice": 0.19,
          "expiryDate": "2027-12-31"
        },
        {
          "number": 2212502,
          "exercisePrice": 0.18,
          "expiryDate": "2028-12-31"
        },
        {
          "number": 3450000,
          "exercisePrice": 0.22,
          "expiryDate": "2029-12-31"
        },
        {
          "number": 200000,
          "exercisePrice": 0.12,
          "expiryDate": "2030-12-31"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-12-31": {
          "salariesAndConsultingFees": 89063,
          "shareBasedCompensation": 18527,
          "carAllowance": 1800,
          "total": 109390
        },
        "2024-12-31": {
          "salariesAndConsultingFees": 127208,
          "shareBasedCompensation": 14037,
          "carAllowance": 2400,
          "total": 143645
        }
      },
      "namedIndividuals": [
        {
          "name": "Key Management Personnel",
          "title": "Key Management",
          "period": "2025-12-31",
          "components": {
            "salary": 89063,
            "bonus": 0,
            "total": 109390
          }
        },
        {
          "name": "Key Management Personnel",
          "title": "Key Management",
          "period": "2024-12-31",
          "components": {
            "salary": 127208,
            "bonus": 0,
            "total": 143645
          }
        },
        {
          "name": "Non-Executive Directors",
          "title": "Director",
          "period": "2025-12-31",
          "components": {
            "salary": 0,
            "bonus": 0,
            "total": 7075
          }
        },
        {
          "name": "Non-Executive Directors",
          "title": "Director",
          "period": "2024-12-31",
          "components": {
            "salary": 0,
            "bonus": 0,
            "total": 41274
          }
        }
      ],
      "otherRelatedPartyTransactions": []
    },
    "subsequentEvents": [
      {
        "eventDate": "January 2026",
        "description": "Closed a non-brokered private placement by issuing 13,748,167 units for gross proceeds of $1,649,780. Each unit consists of one common share and one warrant exercisable at $0.12 for 24 months.",
        "impactValue": 1649780
      }
    ]
  }
]