SEDAR Interim Financial Statements

[
  {
    "companyName": "American Aires Inc.",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": null,
    "incomeStatement": null,
    "cashFlowStatement": null,
    "investmentsAndOtherAssets": [],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": null,
      "classesOfShares": ["common shares"],
      "warrants": [
        { "number": 2500000, "exercisePrice": 0.5, "expiryDate": "2026-03-10" },
        { "number": 2083334, "exercisePrice": 0.36, "expiryDate": "2026-06-28" },
        { "number": 2500000, "exercisePrice": 0.5, "expiryDate": "2026-03-10" }
      ],
      "options": [
        { "number": 988334, "exercisePrice": 0.36, "expiryDate": "2029-09-24" },
        { "number": 500000, "exercisePrice": 0.5, "expiryDate": "2026-03-10" },
        { "number": 1000000, "exercisePrice": 0.5, "expiryDate": "2026-03-10" }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": [
        {
          "period": "nine months ended September 30, 2025",
          "salariesAndBenefits": 488457,
          "shareBasedCompensation": 190000,
          "total": 678457
        },
        {
          "period": "nine months ended September 30, 2024",
          "salariesAndBenefits": 461996,
          "shareBasedCompensation": 183118,
          "total": 645114
        }
      ],
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "firm controlled by an officer",
          "description": "digital marketing services",
          "amount": 1090457,
          "period": "nine months ended September 30, 2025"
        },
        {
          "counterparty": "firm whose CEO is the CFO",
          "description": "capital markets consulting services",
          "amount": 90000,
          "period": "nine months ended September 30, 2025"
        },
        {
          "counterparty": "spouse of an officer",
          "description": "consulting fees for customer service work",
          "amount": 62910,
          "period": "nine months ended September 30, 2025"
        },
        {
          "counterparty": "overseas manufacturing supplier (partially owned by spouse of former senior officer/director)",
          "description": "payments for manufacturing",
          "amount": 3895788,
          "period": "nine months ended September 30, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "mid-September to October 2025",
        "description": "Largest advertising platform implemented significant algorithmic and ad-delivery changes, resulting in higher advertising costs, lower sales conversion rates, and reduced campaign effectiveness, contributing to increased operating losses and further liquidity constraints.",
        "impactValue": null
      }
    ]
  }
]