SEDAR Interim Financial Statements

[
  {
    "companyName": "Masivo Silver Corp.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 1217730,
      "receivables": 110762,
      "prepaidExpenses": 46940,
      "totalCurrentAssets": 1375432,
      "accountsPayableAndAccruedLiabilities": 382000,
      "totalCurrentLiabilities": 382000,
      "shareCapital": 17688906,
      "shareSubscriptionsReceivable": -152500,
      "reserves": 1854068,
      "deficit": -18397042,
      "totalEquity": 993432,
      "cashPerShare": 0.0227,
      "workingCapitalPerShare": 0.0185
    },
    "incomeStatement": {
      "accountingAndAudit": 81000,
      "consultingFees": 52218,
      "legal": 9872,
      "managementFees": 124218,
      "mineralPropertyExpenses": 254220,
      "office": 20524,
      "shareholderRelations": 21381,
      "transferAgentAndRegulatoryFees": 35523,
      "travelAndEntertainment": 49268,
      "totalExpenses": 648224,
      "foreignExchangeGainLoss": -1268,
      "writeOffOfAccountsPayable": 17227,
      "writeOffOfExplorationCosts": 15247,
      "otherIncome": 31206,
      "lossAndComprehensiveLoss": -648224,
      "lossPerCommonShareBasicAndDiluted": -0.01,
      "weightedAverageSharesOutstanding": 53584888
    },
    "cashFlowStatement": {
      "lossForThePeriod": -648224,
      "changesInReceivables": -96839,
      "changesInPrepaidExpense": -28659,
      "changesInTradeAndOtherPayables": -66478,
      "cashUsedInOperatingActivities": -840200,
      "expendituresOnResourceProperties": -377356,
      "sharesIssuedForCashNet": 1957640,
      "sharesIssuedForWarrantExercises": 94500,
      "shareSubscriptionsReceived": -135010,
      "cashProvidedByFinancingActivities": 2052140,
      "increaseDecreaseInCash": 1211940,
      "cashBeginningOfPeriod": 5790,
      "cashEndOfPeriod": 1217730
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral Property",
        "description": "El Colomo concessions, concentration plant, and associated assets in Mexico",
        "ownershipPercentage": 100,
        "value": 0,
        "notes": "Acquired from Golden Anvil S.A. de C.V. Not registered under company name with PRM. Impaired due to inactivity. Includes promissory note with 12% interest secured by 800,000 pledged shares."
      },
      {
        "type": "Mineral Property",
        "description": "Jackpot Minerals LLC Property in Elko County, Nevada (JP claims and Boston Mine)",
        "ownershipPercentage": 0,
        "value": 0,
        "notes": "Option agreement for 100% interest (65 unpatent claims, 1 patent claim). Not in good standing due to non-payment of maintenance fees and required payments. Impaired to $0. Subject to 2% NSR royalty."
      },
      {
        "type": "Subsidiary",
        "description": "Gainey Mexico, S.A. de C.V. (wholly-owned dormant subsidiary)",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Carries out exploration and evaluation activities in Mexico"
      },
      {
        "type": "Subsidiary",
        "description": "Minera Buena Fortuna, S.A. de C.V. (wholly-owned dormant subsidiary)",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Carries out exploration and evaluation activities in Mexico"
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 77129400,
      "classesOfShares": ["common shares"],
      "warrants": [
        {
          "number": 17256920,
          "exercisePrice": 0.15,
          "expiryDate": "2028-05-07"
        },
        {
          "number": 3147400,
          "exercisePrice": 0.35,
          "expiryDate": "2028-06-10"
        },
        {
          "number": 4205834,
          "exercisePrice": 0.1,
          "expiryDate": "2026-08-28"
        },
        {
          "number": 222250,
          "exercisePrice": 0.1,
          "expiryDate": "2026-08-28"
        },
        {
          "number": 12460183,
          "exercisePrice": 0.1,
          "expiryDate": "2026-10-16"
        },
        {
          "number": 437733,
          "exercisePrice": 0.1,
          "expiryDate": "2026-10-16"
        },
        {
          "number": 1500000,
          "exercisePrice": 0.1,
          "expiryDate": "2026-10-16"
        }
      ],
      "options": [
        {
          "number": 480000,
          "exercisePrice": 0.5,
          "expiryDate": "2026-02-23"
        },
        {
          "number": 1200000,
          "exercisePrice": 0.2,
          "expiryDate": "2028-01-18"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-12-31": {
          "managementFees": 124218,
          "accountingFees": 22500,
          "total": 146718
        },
        "2024-12-31": {
          "managementFees": 124338,
          "accountingFees": 22500,
          "total": 146838
        }
      },
      "namedIndividuals": [
        {
          "name": "CEO",
          "title": "Chief Executive Officer",
          "period": "2025-12-31",
          "components": {
            "salary": null,
            "bonus": null,
            "total": 124218
          }
        },
        {
          "name": "CFO",
          "title": "Chief Financial Officer",
          "period": "2025-12-31",
          "components": {
            "salary": null,
            "bonus": null,
            "total": 22500
          }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "CEO",
          "description": "Accounts payable outstanding",
          "amount": 234447,
          "period": "2025-12-31"
        },
        {
          "counterparty": "CFO",
          "description": "Accounts payable outstanding",
          "amount": 5250,
          "period": "2025-12-31"
        }
      ]
    },
    "subsequentEvents": []
  }
]