SEDAR Interim Financial Statements

[
  {
    "companyName": "PLAID TECHNOLOGIES INC. (FORMERLY, VEJI HOLDINGS LTD.)",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": "Kreston GTA LLP Chartered Professional Accountants",
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 421954,
      "accountsReceivable": 38455,
      "prepaidExpensesAndDeposits": null,
      "inventory": 1142583,
      "totalCurrentAssets": 1602992,
      "accountsPayableAndAccruedLiabilities": 169481,
      "loansAndBorrowings": 2105,
      "totalCurrentLiabilities": 171586,
      "shareCapital": 15160974,
      "contributedSurplus": 3934387,
      "accumulatedDeficit": -17663955,
      "totalShareholdersEquity": 1431406,
      "totalLiabilitiesAndShareholdersEquity": 1602992,
      "cashPerShare": 0.0071,
      "workingCapitalPerShare": 0.0241
    },
    "incomeStatement": {
      "sellingAndDistribution": null,
      "generalAndAdministrativeExpenses": 342483,
      "marketing": 291387,
      "researchAndDevelopment": 275331,
      "regulatoryFees": 80524,
      "shareBasedPayments": 102484,
      "totalExpenses": 1092209,
      "lossOnSettlementOfDebt": null,
      "considerationPaidInExcessOfNetAssets": -695129,
      "foreignExchangeLoss": -8540,
      "totalOtherItems": -703669,
      "netComprehensiveLoss": -1795878,
      "basicAndDilutedLossPerShare": -0.03,
      "weightedAverageNumberOfCommonSharesOutstanding": 59417447
    },
    "cashFlowStatement": {
      "netLossAndComprehensiveLoss": -1795878,
      "shareBasedPayments": 102484,
      "researchAndDevelopment": 12288,
      "lossOnDebtSettlement": null,
      "considerationPaidInExcessOfNetAssets": 695129,
      "changesInAmountsReceivable": -14496,
      "changesInPrepaidExpensesAndDeposits": 5102,
      "changesInAccountsPayableAndAccruedLiabilities": 53390,
      "netCashUsedInOperatingActivities": -941981,
      "proceedsFromExerciseOfWarrants": 2975,
      "proceedFromIssuanceOfCommonShares": 960000,
      "proceedsOfLoansAndBorrowings": null,
      "netCashReceivedFromFinancingActivities": 962975,
      "changeInCash": 20994,
      "cashBeginningOfPeriod": 400960,
      "cashEnding": 421954
    },
    "investmentsAndOtherAssets": [],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 67557892,
      "classesOfShares": ["common"],
      "warrants": [
        {
          "number": 8000000,
          "exercisePrice": 0.02,
          "expiryDate": "2027-12-31"
        }
      ],
      "options": [
        {
          "number": 42800,
          "exercisePrice": 2.5,
          "expiryDate": "2026-04-09"
        },
        {
          "number": 106200,
          "exercisePrice": 8.75,
          "expiryDate": "2026-04-19"
        },
        {
          "number": 30000,
          "exercisePrice": 8.75,
          "expiryDate": "2026-07-12"
        },
        {
          "number": 6000,
          "exercisePrice": 8.75,
          "expiryDate": "2026-09-09"
        },
        {
          "number": 4975000,
          "exercisePrice": 0.3,
          "expiryDate": "2029-12-19"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "nineMonthsEndedDecember312025": {
          "consultingFeesPaidToDirectors": 24000,
          "consultingFeesPaidToCeo": 18000,
          "consultingFeesPaidToCfo": 7000,
          "shareBasedPayments": 7725,
          "total": 56725
        },
        "nineMonthsEndedDecember312024": {
          "consultingFeesPaidToDirectors": 36000,
          "consultingFeesPaidToCeo": 28000,
          "consultingFeesPaidToCfo": null,
          "shareBasedPayments": null,
          "total": 64000
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Related parties (directors, CEO, CFO)",
          "description": "Services provided",
          "amount": 41350,
          "period": "As at December 31, 2025"
        },
        {
          "counterparty": "One director",
          "description": "Funds advanced",
          "amount": 693,
          "period": "As at December 31, 2025"
        },
        {
          "counterparty": "Former CEO and director",
          "description": "Funds advanced",
          "amount": 1412,
          "period": "As at December 31, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2026-01-21",
        "description": "Appointed Shawn Babcock as Chief Operating Officer; granted 200,000 stock options exercisable at $0.60 per share and 150,000 RSUs.",
        "impactValue": null
      },
      {
        "eventDate": "2026-01-21",
        "description": "Issued 100,000 common shares pursuant to a warrant exercise for gross proceeds of $1,500.",
        "impactValue": 1500
      },
      {
        "eventDate": "2026-02-05",
        "description": "Appointed Dr. Ian Flint as a technical advisor; granted 75,000 stock options exercisable at $0.94 per share.",
        "impactValue": null
      }
    ]
  }
]