SEDAR Interim Financial Statements

[
  {
    "companyName": "Pioneering Technology Corp.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 12332,
      "tradeAndOtherReceivables": 287469,
      "inventories": 1210867,
      "prepaidExpensesAndDeposits": 70288,
      "currentPortionOfLeaseReceivable": 158567,
      "totalCurrentAssets": 1739523,
      "propertyAndEquipment": 272730,
      "patentsAndIntangibles": 209861,
      "leaseReceivable": 265372,
      "totalAssets": 2487486,
      "tradePayablesAndAccruedLiabilities": 744935,
      "currentPortionOfLeaseObligation": 258456,
      "totalCurrentLiabilities": 1003391,
      "longTermLeaseObligation": 378108,
      "totalLiabilities": 1381499,
      "commonShareCapital": 17974857,
      "preferredShares": 1,
      "contributedSurplus": 71000,
      "accumulatedOtherComprehensiveLoss": -237753,
      "deficit": -16702118,
      "totalShareholdersEquity": 1105987,
      "totalLiabilitiesAndShareholdersEquity": 2487486,
      "cashPerShare": 0.0002,
      "workingCapitalPerShare": 0.0131
    },
    "incomeStatement": {
      "revenue": 461135,
      "costOfGoodsSold": 239579,
      "grossProfit": 221556,
      "salesAndMarketing": 146862,
      "administration": 186888,
      "warehousingDistributionAndWarrantyCosts": 11322,
      "foreignExchangeLoss": -25730,
      "researchAndDevelopmentCosts": 24025,
      "depreciationOfPropertyAndEquipment": 34316,
      "amortizationOfPatentsAndIntangibles": 746,
      "totalExpenses": 378429,
      "operatingLoss": -156873,
      "interestExpenses": -16959,
      "interestIncome": 7053,
      "lossBeforeIncomeTaxes": -166779,
      "incomeTaxExpenseRecovery": 0,
      "lossForThePeriod": -166779,
      "currencyTranslationDifferences": -28178,
      "comprehensiveLossForThePeriod": -194957,
      "comprehensiveLossPerShareBasicAndDiluted": 0,
      "weightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted": 56041746
    },
    "cashFlowStatement": {
      "lossForThePeriod": -166779,
      "depreciationOfPropertyAndEquipment": 34316,
      "amortizationOfPatentsAndIntangibles": 746,
      "interestExpenseOnLeaseObligation": 15568,
      "unrealizedForeignExchangeLossGain": -15428,
      "stockBasedCompensationExpense": 0,
      "itemsNotAffectingCash": -131577,
      "changeInTradeAndOtherReceivables": 156647,
      "changeInInventories": 118210,
      "changeInPrepaidExpensesAndDeposits": -30277,
      "changeInTradePayablesAndAccruedLiabilities": -191261,
      "changeInNonCashWorkingCapitalBalances": -78258,
      "cashFromOperatingActivities": -209835,
      "leaseReceivable": 37246,
      "purchaseOfPropertyAndEquipment": -8655,
      "cashFromInvestingActivities": 28591,
      "repaymentOfLongTermLeaseObligation": -60739,
      "cashFromFinancingActivities": -60739,
      "netChangeInCashInThePeriod": -110406,
      "foreignCurrencyMovementInCashBalances": -16252,
      "cashBeginningOfPeriod": 138990,
      "cashEndOfPeriod": 12332,
      "interestPaid": 16959
    },
    "investmentsAndOtherAssets": [],
    "shareStructure": {
      "authorizedShares": "Unlimited number of voting common shares and non-voting series 1 preferred shares",
      "issuedShares": 56041746,
      "classesOfShares": ["common", "preferred"],
      "warrants": [],
      "options": [
        {
          "number": 7100000,
          "exercisePrice": 0.07,
          "expiryDate": null
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-12-31": {
          "compensationAndBenefits": 61688,
          "stockOptionExpense": 0
        },
        "2024-12-31": {
          "compensationAndBenefits": null,
          "stockOptionExpense": null
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Related parties (unspecified)",
          "description": "Amounts due to related parties",
          "amount": 119836,
          "period": "2025-12-31"
        }
      ]
    },
    "subsequentEvents": []
  }
]