None
SEDAR Interim Financial Statements
PWRO · Price
[
{
"companyName": "POWER ONE RESOURCES CORP.",
"reportingPeriodEnd": "2025-11-30",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cash": 19184,
"amountReceivable": 10833,
"prepaidExpenses": 490,
"marketableSecurities": 42850,
"loanReceivable": 393,
"totalCurrentAssets": 73750,
"dueFromRelatedParties": 15616,
"totalAssets": 89366,
"accountsPayableAndAccruedLiabilities": 354594,
"totalCurrentLiabilities": 354594,
"totalLiabilities": 354594,
"shareCapital": 3561799,
"contributedSurplus": 157500,
"deficit": -3984527,
"totalShareholdersEquity": -265228,
"cashPerShare": 0.0006,
"workingCapitalPerShare": -0.0085
},
"incomeStatement": {
"consultingAndManagementFees": 24000,
"officeAndMiscellaneous": 3322,
"filingFees": 1468,
"professionalFees": 12400,
"shareholderCommunication": null,
"transferAgent": null,
"totalOperatingExpenses": 41190,
"lossBeforeOtherItems": -41190,
"interestIncome": 15,
"unrealizedLossOnFairValueOfMarketableSecurities": -22500,
"totalOtherItems": -22485,
"netLossAndComprehensiveLoss": -63675,
"basicAndDilutedLossPerShare": 0,
"weightedAverageNumberOfCommonSharesOutstanding": 33218597
},
"cashFlowStatement": {
"netLossForThePeriod": -123632,
"unrealizedLossOnFairValueOfMarketableSecurities": 22500,
"amountsReceivable": 5715,
"prepaidExpenses": 1467,
"accountsPayableAndAccruedLiabilities": 39621,
"cashUsedInOperatingActivities": 5629,
"loanReceivedRepayment": null,
"cashProvidedByUsedInFinancingActivities": null,
"changeInCashDuringThePeriod": 5629,
"cashBeginningOfPeriod": 13555,
"cashEndOfThePeriod": 19184
},
"investmentsAndOtherAssets": [
{
"type": "Marketable Securities",
"description": "Marvel Discovery Corp. shares",
"ownershipPercentage": null,
"value": 2850,
"notes": "95,000 shares received pursuant to settlement of debt on December 12, 2022"
},
{
"type": "Marketable Securities",
"description": "Primary Hydrogen Corp. shares",
"ownershipPercentage": null,
"value": 17500,
"notes": "125,000 shares received pursuant to mineral property option agreement on June 30, 2025"
},
{
"type": "Marketable Securities",
"description": "Primary Hydrogen Corp. warrants",
"ownershipPercentage": null,
"value": 22500,
"notes": "125,000 warrants exercisable at $0.90 until May 21, 2028"
},
{
"type": "Loan Receivable",
"description": "Loan receivable",
"ownershipPercentage": null,
"value": 393,
"notes": null
},
{
"type": "Due from Related Parties",
"description": "Due from Marvel Discovery Corp.",
"ownershipPercentage": null,
"value": 7645,
"notes": "Controlled by common directors and officers, unsecured, non-interest bearing, no fixed repayment terms"
},
{
"type": "Due from Related Parties",
"description": "Due from Latamark Resources Corp.",
"ownershipPercentage": null,
"value": 7971,
"notes": "Controlled by common directors and officers, unsecured, non-interest bearing, no fixed repayment terms"
},
{
"type": "Mineral Properties",
"description": "Serpent River Project (Ontario)",
"ownershipPercentage": 100,
"value": 0,
"notes": "10 mining claims in Sault Ste. Marie Mining Division, Elliot Lake area. Impaired to $0 during fiscal year ended August 31, 2025 due to market conditions. 2.0% NSR royalty, can purchase 1.0% for $1.5 million."
},
{
"type": "Mineral Properties",
"description": "Wicheeda North Property (British Columbia)",
"ownershipPercentage": 100,
"value": 0,
"notes": "4 mineral claims in Cariboo Mining Division. Impaired to $0 during fiscal year ended August 31, 2024 due to market conditions. 2% NSR royalty, can acquire 1% for $1 million within five years. Option agreement with unrelated public company to acquire 75% interest."
}
],
"shareStructure": {
"authorizedShares": "Unlimited common shares without par value",
"issuedShares": 33218597,
"classesOfShares": ["Common shares"],
"warrants": [
{
"number": 795000,
"exercisePrice": 0.4,
"expiryDate": "2025-12-28"
},
{
"number": 1030000,
"exercisePrice": 0.3,
"expiryDate": "2025-01-18"
},
{
"number": 1000000,
"exercisePrice": 0.3,
"expiryDate": "2025-01-18"
},
{
"number": 9158846,
"exercisePrice": 0.3,
"expiryDate": "2025-01-18"
},
{
"number": 1800000,
"exercisePrice": 0.1,
"expiryDate": "2026-07-26"
},
{
"number": 200000,
"exercisePrice": 0.055,
"expiryDate": "2026-07-26"
}
],
"options": [
{
"number": 1400000,
"exercisePrice": 0.14,
"expiryDate": "2027-04-19"
},
{
"number": 250000,
"exercisePrice": 0.14,
"expiryDate": "2027-06-08"
},
{
"number": 250000,
"exercisePrice": 0.14,
"expiryDate": "2027-06-13"
}
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"2025-11-30": {
"consultingAndManagementFees": 24000,
"rentExpenses": 3000,
"professionalFees": 6000,
"total": 33000
},
"2024-11-30": {
"consultingAndManagementFees": 48000,
"rentExpenses": 3000,
"professionalFees": 6000,
"total": 57000
}
},
"namedIndividuals": [
{
"name": "Former CEO (via R7 Capital Ventures Ltd.)",
"title": "Former CEO",
"period": "2025-11-30",
"components": {
"salary": null,
"bonus": null,
"total": 27000
}
},
{
"name": "CFO (via Brant Capital Partners Inc.)",
"title": "CFO",
"period": "2025-11-30",
"components": {
"salary": null,
"bonus": null,
"total": 6000
}
}
],
"otherRelatedPartyTransactions": [
{
"counterparty": "R7 Capital Ventures Ltd. (controlled by former CEO)",
"description": "Accounts payable and accrued liabilities",
"amount": 106350,
"period": "2025-11-30"
},
{
"counterparty": "Brant Capital Partners Inc. (controlled by CFO)",
"description": "Accounts payable and accrued liabilities",
"amount": 20340,
"period": "2025-11-30"
},
{
"counterparty": "Marvel Discovery Corp.",
"description": "Due from related parties",
"amount": 7645,
"period": "2025-11-30"
},
{
"counterparty": "Latamark Resources Corp.",
"description": "Due from related parties",
"amount": 7971,
"period": "2025-11-30"
}
]
},
"subsequentEvents": [
{
"eventDate": "2025-12-28",
"description": "795,000 share purchase warrants expired unexercised",
"impactValue": null
}
]
}
]
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