SEDAR Interim Financial Statements

[
  {
    "companyName": "California Nanotechnologies Corp.",
    "reportingPeriodEnd": "2025-11-30",
    "reportStatus": "Unaudited",
    "auditorName": "MNP LLP",
    "auditorKeyMatters": [],
    "balanceSheet": {
      "currentAssets": {
        "cash": 341417,
        "accountsReceivable": 538970,
        "prepaidExpensesAndDeposits": 43186,
        "totalCurrentAssets": 923573
      },
      "propertyAndEquipment": 3152967,
      "deposits": 41736,
      "intangibleAssets": 2677,
      "totalAssets": 4120953,
      "currentLiabilities": {
        "accountsPayableAndAccruedLiabilities": 497674,
        "incomeTaxPayable": 93091,
        "interestPayable": 1784,
        "deferredRevenue": 0,
        "sharePurchaseWarrants": 0,
        "currentLeaseLiability": 317584,
        "totalCurrentLiabilities": 910133
      },
      "nonCurrentLeaseLiability": 1073841,
      "totalLiabilities": 1983974,
      "shareholdersEquity": {
        "shareCapital": 6623000,
        "contributedSurplus": 1390583,
        "deficit": -5876604,
        "totalShareholdersEquity": 2136979
      },
      "cashPerShare": 0.0072,
      "workingCapitalPerShare": 0.0003
    },
    "incomeStatement": {
      "revenue": 1888950,
      "costOfGoodsSold": 934784,
      "grossProfit": 954166,
      "expenses": {
        "advertisingAndPromotion": 131107,
        "depreciationAndAmortization": 524076,
        "consulting": 161290,
        "office": 224492,
        "professionalFees": 283539,
        "repairsAndMaintenance": 2203,
        "salariesWagesAndBenefits": 600114,
        "supplies": 204732,
        "travelAndEntertainment": 49497,
        "shareBasedCompensation": 373881,
        "totalExpenses": 2554931
      },
      "incomeLossFromOperations": -1600765,
      "otherIncomeExpense": {
        "otherIncome": 1148,
        "otherExpense": -80,
        "foreignExchangeLoss": -203,
        "interestExpenseNet": -91625,
        "gainOnSalesOfFixedAssets": 0,
        "realizedLossWarrants": -403333,
        "unrealizedGainLossWarrants": 263986
      },
      "incomeLossBeforeTaxes": -1830872,
      "incomeTaxExpense": 4088,
      "netIncomeLoss": -1834960,
      "earningsPerShareBasic": -0.04,
      "weightedAverageSharesOutstandingBasic": 47526825
    },
    "cashFlowStatement": {
      "operatingActivities": {
        "netIncomeLoss": -1834960,
        "adjustments": {
          "depreciationAndAmortization": 524076,
          "interestExpenseNet": 99983,
          "realizedLossOnSharePurchaseWarrants": 403333,
          "unrealizedGainLossOnSharePurchaseWarrants": -263986,
          "shareBasedCompensation": 373881
        },
        "changesInWorkingCapital": {
          "accountsReceivable": 693734,
          "prepaidExpensesAndDeposits": 20511,
          "accountsPayableAndAccruedLiabilities": -403167
        },
        "netCashFromOperatingActivities": -386595
      },
      "financingActivities": {
        "optionsExercised": 44731,
        "warrantsExercised": 529547,
        "repaymentOfLeaseLiability": -329829,
        "netCashFromFinancingActivities": 244449
      },
      "investingActivities": {
        "purchaseOfEquipmentAndLeaseholdImprovements": -50282,
        "netCashUsedInInvestingActivities": -50282
      },
      "netIncreaseDecreaseInCash": -192428,
      "cashBeginningOfPeriod": 533845,
      "cashEndOfPeriod": 341417
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Subsidiary",
        "description": "California Nanotechnologies Inc. (California, USA) - Wholly-owned subsidiary",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Head office, research and development, and materials processing"
      },
      {
        "type": "Subsidiary",
        "description": "White Roof Solutions Inc. (California, USA) - Wholly-owned subsidiary",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Inactive"
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 47875770,
      "classesOfShares": ["Class A Common shares"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "USD",
      "periods": {
        "2025-11-30": {
          "remuneration": 345851,
          "shareBasedPayments": 288654,
          "total": 634505
        },
        "2024-11-30": {
          "remuneration": 346247,
          "shareBasedPayments": 134637,
          "total": 480884
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Related entity (holding approximately 13.38% of common shares)",
          "description": "Lease of property",
          "amount": 158672,
          "period": "2025-11-30"
        }
      ]
    },
    "subsequentEvents": []
  }
]