SEDAR Interim Financial Statements

[
  {
    "companyName": "Advantex Marketing International Inc.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 238713,
      "accountsReceivable": 144537,
      "transactionCredits": 9372793,
      "prepaidExpensesAndSundryAssets": 6416,
      "totalCurrentAssets": 9762459,
      "loanPayable": 9079955,
      "ceba": 66000,
      "nonConvertibleDebenturesPayableCurrent": 17603,
      "accountsPayableAndAccruedLiabilities": 3737389,
      "totalCurrentLiabilities": 12900947,
      "nonConvertibleDebenturesPayableNonCurrent": 13817149,
      "nonConvertibleDebenturesPayable12NonCurrent": 675481,
      "deferredFairValueAdjustmentOnNonConvertibleDebenturesPayable": 18153,
      "totalNonCurrentLiabilities": 14510783,
      "totalLiabilities": 27411730,
      "shareCapital": 24530555,
      "contributedSurplus": 9626405,
      "accumulatedOtherComprehensiveLoss": -47383,
      "deficit": -51758848,
      "totalDeficiency": -17649271,
      "totalLiabilitiesAndDeficiency": 9762459,
      "cashPerShare": 0.0009,
      "workingCapitalPerShare": -0.0118
    },
    "incomeStatement": {
      "revenuesMarketingActivities": 1091037,
      "interestIncome": 1441266,
      "totalRevenues": 2532303,
      "directExpenses": 1077713,
      "incomeFromOperationsAfterDirectExpenses": 1454590,
      "sellingAndMarketing": 306846,
      "generalAndAdministrative": 813771,
      "incomeLossFromOperationsBeforeInterestExpenses": 333973,
      "statedInterestExpenseLoanPayable": 487283,
      "statedInterestExpenseNonConvertibleDebentures9": 478155,
      "statedInterestExpenseNonConvertibleDebentures12": 42000,
      "statedInterestExpenseCeba": 1500,
      "nonCashInterestExpenseAccretionRestructuringBonusAmortization9": 647806,
      "nonCashInterestExpenseAmortizationTransactionCosts12": 10912,
      "nonCashInterestExpenseAccretionCharges12": 1257,
      "nonCashInterestExpenseAccretionOfDeferredGain12": -1257,
      "netLossAndComprehensiveLoss": -1333683,
      "lossPerShareBasic": -0.0050,
      "lossPerShareDiluted": -0.0050,
      "weightedAverageSharesOutstanding": 265390090
    },
    "cashFlowStatement": {
      "netLossForPeriod": -1333683,
      "adjustmentsAccruedUnpaidInterestNonConvertibleDebentures9": 478155,
      "adjustmentsAccruedUnpaidInterestNonConvertibleDebentures12": 42000,
      "adjustmentsAccruedInterestCeba": 1500,
      "adjustmentsAccretionChargeNonConvertibleDebentures9": 587722,
      "adjustmentsRestructuringBonusNonConvertibleDebentures9": 56608,
      "adjustmentsAmortizationTransactionCostsNonConvertibleDebentures9": 3476,
      "adjustmentsAmortizationTransactionCostsNonConvertibleDebentures12": 10912,
      "adjustmentsAccretionChargesNonConvertibleDebentures12": 1257,
      "adjustmentsAccretionOfDeferredGainNonConvertibleDebentures12": -1257,
      "changesWorkingCapitalAccountsReceivable": 82777,
      "changesWorkingCapitalTransactionCredits": -1499501,
      "changesWorkingCapitalPrepaidExpensesAndSundryAssets": 0,
      "changesWorkingCapitalAccountsPayableAndAccruedLiabilities": 31054,
      "netCashUsedOperatingActivities": -1538980,
      "paymentOfInterestNonConvertibleDebentures12": -42115,
      "proceedsOfLoanPayable": 10728109,
      "repaymentOfLoanPayable": -9004550,
      "netCashGeneratedFinancingActivities": 1681444,
      "increaseDecreaseInCash": 142464,
      "cashAtBeginningOfPeriod": 96249,
      "cashAtEndOfPeriod": 238713,
      "interestPaid": 487283
    },
    "investmentsAndOtherAssets": [
      {
        "type": "MerchantCashAdvance",
        "description": "Transaction credits from merchant cash advance program",
        "ownershipPercentage": null,
        "value": 9372793,
        "notes": "Pre-purchase of merchants' future cash flows at a discount, estimated to be fully extinguishable within 365 days"
      },
      {
        "type": "Agreement",
        "description": "Agreement with Aeroplan Inc. to re-sell aeroplan points",
        "ownershipPercentage": null,
        "value": null,
        "notes": "Current term ends August 31, 2028, can be terminated by Air Canada under certain conditions"
      }
    ],
    "shareStructure": {
      "authorizedShares": null,
      "issuedShares": 265390090,
      "classesOfShares": ["Class A preference shares", "Common shares"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-12-31": {
          "salariesAndWages": 726499
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "K. Ambrose (Director, CEO)",
          "description": "Holdings of 9% 2025 debentures and common shares",
          "amount": 575000,
          "period": "2025-12-31"
        },
        {
          "counterparty": "M. Lavine (Director)",
          "description": "Holdings of 9% 2025 debentures and common shares",
          "amount": 500000,
          "period": "2025-12-31"
        },
        {
          "counterparty": "D. Moscovitz (Director)",
          "description": "Holdings of 9% 2025 debentures and common shares",
          "amount": 9000,
          "period": "2025-12-31"
        },
        {
          "counterparty": "R. Abramson, GIACP, GPMCA",
          "description": "Holdings of 9% 2025 debentures and common shares",
          "amount": 3380000,
          "period": "2025-12-31"
        },
        {
          "counterparty": "Herbert Abramson",
          "description": "Holdings of 9% 2025 debentures and common shares",
          "amount": 731000,
          "period": "2025-12-31"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "Accord provided notice to terminate the loan agreement as of July 31, 2026",
        "impactValue": null
      }
    ]
  }
]