SEDAR Interim Financial Statements

[
  {
    "companyName": "Visionstate Corp.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 168200,
      "accountsReceivable": 9554,
      "prepaidExpenses": 21799,
      "totalCurrentAssets": 199553,
      "deposit": 50750,
      "rightOfUseAsset": 20039,
      "totalAssets": 270342,
      "accountsPayableAndAccruedLiabilities": 217187,
      "promissoryNotePayable": 25431,
      "convertibleDebentures": 400000,
      "deferredRevenue": null,
      "currentPortionOfLeaseObligation": 14598,
      "totalCurrentLiabilities": 657216,
      "leaseObligation": 10449,
      "totalLiabilities": 667665,
      "shareCapital": 12172561,
      "warrantReserve": 1260867,
      "contributedSurplus": 3934565,
      "deficit": -17765316,
      "totalShareholdersEquity": -397323,
      "cashPerShare": 0.0007,
      "workingCapitalPerShare": -0.0018
    },
    "incomeStatement": {
      "revenueDevelopmentContracts": 60000,
      "technicalSupportAndServiceContracts": 6199,
      "productSales": 76406,
      "costOfSales": -13331,
      "grossProfit": 129274,
      "sellingGeneralAndAdministrativeExpenses": -207167,
      "interestOnConvertibleDebentures": -3761,
      "otherInterest": -2044,
      "netIncomeLossAndComprehensiveIncomeLoss": -83698,
      "weightedAverageSharesOutstanding": 258326335,
      "basicAndDilutedNetIncomeLossPerCommonShare": 0.00
    },
    "cashFlowStatement": {
      "netIncomeLossForThePeriod": -83698,
      "depreciationOfRightOfUseAsset": 4008,
      "changesInAccountsReceivable": 3145,
      "changesInPrepaidExpense": 3500,
      "changesInDeferredRevenue": -62122,
      "changesInAccountsPayableAndAccruedLiabilities": -67856,
      "netCashFlowsFromOperatingActivities": -203023,
      "productDevelopmentCosts": null,
      "promissoryNoteLoanReceivable": null,
      "netCashFlowsFromInvestingActivities": null,
      "subscriptionReceivable": null,
      "debenturePayable": 300000,
      "repaymentsOnLeaseObligations": -4595,
      "netCashFlowsFromFinancingActivities": 295405,
      "increaseDecreaseInCash": 92382,
      "cashBankIndebtednessBeginningOfPeriod": 75818,
      "cashBankIndebtednessEndOfPeriod": 168200
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Deposit",
        "description": "Deposit for development of wireless sensor package",
        "ownershipPercentage": null,
        "value": 50750,
        "notes": "Wireless sensor package development"
      },
      {
        "type": "Investment",
        "description": "Fair value Level 2 investment",
        "ownershipPercentage": null,
        "value": null,
        "notes": "Measured at fair value, valuation based on observable inputs"
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 258326335,
      "classesOfShares": ["common", "preferred"],
      "warrants": [
        {
          "number": 135175000,
          "exercisePrice": 0.05,
          "expiryDate": null
        }
      ],
      "options": [],
      "rightsConvertibleInstruments": "Convertible debenture: $300,000 principal, 10% interest, convertible at $0.05 per share, matures Dec 14, 2026"
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-12-31": {
          "managementAndAccountingFees": 13500
        },
        "2024-12-31": {
          "managementAndAccountingFees": 12300
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Directors",
          "description": "Due to directors",
          "amount": 9500,
          "period": "2025-12-31"
        },
        {
          "counterparty": "Companies controlled by directors",
          "description": "Due to companies controlled by directors",
          "amount": 4150,
          "period": "2025-12-31"
        }
      ]
    },
    "subsequentEvents": []
  }
]